New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 21, 2012
12:21 EDTMU, HLF, RHT, NKE, NOK, ASCA, RIMM, PNKOn The Fly: Midday Wrap
Stocks on Wall Street were sharply lower at midday after Republicans failed to back Speaker Boehner's "Plan B" fiscal cliff bill, meaning lawmakers will go home for the Christmas holiday with the cliff still looming. Today's volume is heavy, as is typical for options expiration day, but investors seem to care less about the latest economic reports and remain focused on the impact the fiscal cliff may have on the economy next year... ECONOMIC EVENTS: Reports showed U.S. personal income rose 0.6% in November, versus the expected increase of 0.3%. Consumer spending climbed 0.4% in the month, which matched expectations. Durable goods orders rose 0.7% in November, versus the expected increase of 0.3%. Excluding transportation items, orders jumped 1.6%, versus the expected decline of 0.2%. The final University of Michigan Consumer Confidence reading for December was revised down to 72.9 from a prior 74.5 reading. Analysts called for it to rise slightly to 75.0... COMPANY NEWS: Research in Motion (RIMM) jumped higher in after-market trading immediately after its report that Q3 revenue beat consensus estimates and its quarterly losses were not as steep as feared. However, shares reversed and the weakness extended into today's trading session after the company said on its conference call that it plans to introduce a lower enterprise service tier, which multiple Wall Street analysts said may cut into one of its highest margin revenue streams. The company also agreed to a patent deal with Nokia (NOK), under which it will make a one-off payment and pay ongoing fees to it smartphone rival. Shares of Research in Motion plunged over 18% in afternoon trade, while Nokia slid nearly 5%... MAJOR MOVERS: Among the notable gainers were Pinnacle Entertainment (PNK) and Ameristar Casinos (ASCA), which both rose after Pinnacle agreed to purchase its fellow casino operator for $26.50 per share, or $2.8B. Shares of the buyer rose over 18%, while Ameristar jumped nearly 20%. Also higher were shares of Nike (NKE), which rose almost 5%, and Red Hat (RHT), up nearly 4%, after their earnings reports. Among the noteworthy losers were Herbalife (HLF), down more than 14% as the company's public fight with Bill Ackman intensifies, and Micron (MU), down 8% following its worse than expected quarterly results... INDICES: Near noon, the Dow was down 175.99, or 1.32%, to 13,135.73; the Nasdaq was down 45.81, or 1.50%, to 3,004.58; and the S&P 500 was down 19.77, or 1.37%, to 1,423.92.
News For RIMM;NOK;PNK;ASCA;NKE;RHT;HLF;MU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
November 18, 2014
07:31 EDTNKESignet Jewelers names Daniel Shull as Chief Information Officer
Subscribe for More Information
06:46 EDTNOKMicrosoft could spin off Nokia MixRadio, TechCrunch reports
According to sources, Microsoft (MSFT) is considering spinning off Nokia MixRadio, the music streaming service it acquired as part of its takeover of Nokia's (NOK) Devices and Services unit, TechCrunch reports. Microsoft is reportedly seeking investors for Nokia MIxRadio, and the potential spin-off is said to be making "good progress." Reference Link
06:28 EDTNOKNokia to launch Android tablet, FT reports
Subscribe for More Information
05:58 EDTMUMicron implied volatility of 32 at lower end of index mean range
Subscribe for More Information
November 17, 2014
10:02 EDTNOKOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:36 EDTMUActive equity options trading
Active equity options trading according to Track Data: AAPL PBR BHI GILD MU HD AMZN TSLA YHOO FB TWTR
08:25 EDTNOKNokia potential to grow businesses increases confidence, says Canaccord
Subscribe for More Information
06:08 EDTMUMicron implied volatility of 33 at lower end of index mean range
05:46 EDTNOKNokia downgraded to Underperform from Market Perform at Raymond James
Raymond James downgraded Nokia to Underperform citing high expectations for Technology unit and Networks sales growth. The firm thinks shares at current levels are pricing in a doubling of Technology unit sales.
November 14, 2014
17:07 EDTHLFSoros Fund Management gives quarterly update on stakes
Subscribe for More Information
16:52 EDTMUGreenlight Capital gives quarterly update on stakes
Subscribe for More Information
10:00 EDTNKEOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:07 EDTHLFHerbalife director linked to Brazilian fraud case, Reuters reports
Subscribe for More Information
06:31 EDTNKENike downgraded to Neutral from Buy at Sterne Agee
Sterne Agee downgraded Nike to Neutral based on valuation.
06:23 EDTNOKNokia to host Capital Markets Day
Subscribe for More Information
November 13, 2014
07:57 EDTNKENike positioned to 'significantly increase' dividend, says Nomura
Subscribe for More Information
November 12, 2014
10:34 EDTPNKOptions with decreasing implied volatility
Options with decreasing implied volatility: RMTI RPRX KATE PNK CZR KING TSLA UBNT LOCO GNRC
10:00 EDTPNKOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:29 EDTPNKPinnacle Entertainment upgraded to Hold from Sell at Craig-Hallum
05:51 EDTMUMicron checks show stonger than expected DDR4 demand, says Piper Jaffray
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

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