New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 27, 2012
12:16 EDTRAH, MMR, GLW, ACAD, LVS, BF.B, BFA, DDS, CAG, THOOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after "core" durable goods orders and a reading on consumer confidence rose. Stock index futures were slightly lower in pre-market trading, even though the terms of a new debt deal for Greece had been outlined prior to the U.S. opening bell. The major averages spent the majority of the session in negative territory despite some better than expected domestic economic data, but managed to get back on the plus side of the ledger as the lunch hour arrived... ECONOMIC EVENTS: In the U.S., the Commerce Department said non-defense capital goods orders excluding aircraft rose 1.7% in October, versus expectations for a 0.5% decline. Total durable goods orders were unchanged for the month, versus expectations for them to decline 0.7%. The S&P Case-Shiller 20-city home-price index gained 0.4% in September compared to the prior month and prices in the 20 cities rose 3.0% year over year, which were both roughly in line with forecasts. The Conference Board's consumer confidence index rose to 73.7 in November, beating expectations and hitting its highest level in almost five years. The Richmond Fed manufacturing survey for November registered +9, compared to expectations for it to slide to -9 from the prior -7 reading. In Europe, the region's finance ministers, the ECB and the IMF reached an aid deal on Greece, which is expected to help the nation reduce its debt-to-GDP ratio to 124% by 2020... COMPANY NEWS: ConAgra Foods (CAG) agreed to acquire Ralcorp Holdings (RAH) for $90.00 per share, or about $6.8B including the assumption of debt. Shares of Ralcorp shot up 26.4% to $88.76 following the deal announcement and ConAgra also advanced 4.7% after the news... In the continuation of a recent trend, several companies declared new special dividends, with Dillard's (DDS) to pay a one-time dividend of $5.00 per share, Brown-Forman (BFA, BF.B) declaring one at $4.00 per share, and Las Vegas Sands (LVS) approving its own $2.75 per share special dividend... MAJOR MOVERS: Among the notable gainers was ACADIA Pharmaceuticals (ACAD), up 140% following its report of positive results from a trial of its treatment for Parkinson's disease psychosis, or PDP. Also higher were shares of Corning (GLW), up nearly 8% after the company said it now sees stronger than forecasted Q4 LCD glass volume and Topeka raised its rating on the shares to Buy. Among the noteworthy losers was McMoRan Exploration (MMR), which fell over 15% after being down yesterday as well after the company provided an update on its Gulf of Mexico exploration results and indicated ongoing well difficulties. Also lower were shares of Thor Industries (THO), down 10% after its disappointing quarterly report... INDICES: Near noon, the Dow was up 3.22, or 0.02%, to 12,970.59; the Nasdaq was up 5.79, or 0.19%, to 2,982.57; and the S&P 500 was up 2.32, or 0.16%, to 1,408.61.
News For B;LVS;ACAD;GLW;MMR;THO From The Last 14 Days
Check below for free stories on B;LVS;ACAD;GLW;MMR;THO the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 18, 2014
11:59 EDTGLWCorning call activity attributed to speculated as takeover target by Forbes
Subscribe for More Information
10:57 EDTGLWCorning speculated at takeover target by Forbes contributor
Subscribe for More Information
July 17, 2014
09:40 EDTLVSActive equity options trading on open
Subscribe for More Information
July 16, 2014
18:26 EDTLVSOn The Fly: After Hours Movers
Subscribe for More Information
16:08 EDTLVSLas Vegas Sands down 2.9% after reporting weaker than expected Q2 results
Subscribe for More Information
16:02 EDTLVSLas Vegas Sands reports Q2 adjusted EPS 85c, consensus 90c
Subscribe for More Information
15:27 EDTLVSNotable companies reporting after market close
Subscribe for More Information
13:16 EDTLVSLas Vegas Sands July 75 straddle priced for 3.4% move into Q2
Subscribe for More Information
July 15, 2014
09:29 EDTGLWCorning names Nike CFO Donald Blair to board
Subscribe for More Information
09:03 EDTACADACADIA names Stephen Davis as EVP, CFO, Chief Business Officer
Subscribe for More Information
July 14, 2014
14:04 EDTLVSNJ reports Atlantic City June gaming win $236M
Subscribe for More Information
July 11, 2014
09:09 EDTLVSLas Vegas Sands July volatility increases into Q2
Las Vegas Sands July call option implied volatility is at 30, August is at 25, September is at 22, December is at 24; compared to its 26-week average of 28 according to Track Data, suggesting slightly larger near term price movement into the expected release of Q2 results on July 16.
July 8, 2014
07:56 EDTGLWBarclays positive on Corning ahead of Q2 report
Barclays is positive on Corning ahead of the Q2 report on July 29 following checks that indicate 50" size TVs and larger are gaining share. The firm expects growth and steady pricing for gorilla glass and potential continued synergies from the Samsung deal. Shares are Overweight rated.
07:34 EDTGLWLeak points to sapphire screen for 4.7" iPhone 6
A newly posted YouTube video supposedly shows the screen that will be used in Apple's (AAPL) upcoming 4.7" iPhone 6 and claims that the part confirms that the smaller new model will have a sapphire display, not Gorilla Glass from Corning (GLW). The video adds that the existence of the part dispels rumors that only the larger, 5.5" iPhone 6 would feature a sapphire display. Note that Apple has a sapphire contract with GT Advanced Technologies (GTAT). Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use