New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 4, 2014
12:59 EDTMDR, RSH, VIPS, CLF, QCOMOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, as the S&P 500 rebounded from yesterday's loss, which was its biggest in a month. Investors were relived and stepped back in to buy after Russian President Vladimir Putin said there’s no immediate need to send troops to Ukraine. The lone economic report of any significance, the ISM report for the New York region, fell from its prior reading but the decline was explained away due to the harsh winter weather. The market rebound could be short lived, however, with the situation in Ukraine not fully resolved by any means. ECONOMIC EVENTS: In the U.S., the New York region ISM reading for February fell to 57.0 from last month's 64.4 figure. COMPANY NEWS: Shares of electronic retailer RadioShack (RSH) dropped 14% after the company reported greater than expected losses during its fourth quarter and announced that it plans to close up to 1,100 of its stores this year in the U.S. The company said its fourth quarter comparable store sales were down 19% and its overall fourth quarter results were driven by a holiday season characterized by lower store traffic, intense promotional activity particularly in consumer electronics, a very soft mobility marketplace and a few operational issues. However, the The company also stated that it is not considering a pre-packaged bankruptcy and it has ample liquidity to meet its obligations. MAJOR MOVERS: Among the notable gainers was Chinese online discount retailer Vipshop (VIPS), which soared 30% after the company's fourth quarter results and first quarter guidance easily surpassed expectations. Also higher was semiconductor chip maker Qualcomm (QCOM), which advanced nearly 4% after raising its quarterly dividend by 20% and increasing its share repurchase authorization by $5B. Among the noteworthy losers was Cliffs Natural Resources (CLF), which dropped 2.5% after the stock was downgraded to Underperform from Market Perform at Wells Fargo. Also lower was energy industry services provider McDermott (MDR), which slid over 9% after reporting a quarterly loss of $1.37 a share and suspending guidance for the “foreseeable future” as it undergoes significant changes. Both Capital One and Stephens downgraded McDermott shares following the report. INDEXES: Near 1 pm ET, the Dow was up 215.00, or 1.33, to 16,383.03, the Nasdaq was up 75.80, or 1.77%, to 4,353.10, and the S&P 500 was up 25.86, or 1.4%, to 1,871.59.
News For RSH;QCOM;VIPS;MDR;CLF From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
August 26, 2015
07:23 EDTQCOMAmbarella weakness overdone, says Stifel
Noting that Ambarella's (AMBA) stock has dropped 20% since Qualcomm (QCOM) indicated that it would look to supply chips for drones, Stifel says that the decline is overdone. The firm thinks that it's more likely that Qualcomm's chip will be used to help control drones, rather than replace Ambarella's video processor. The firm continues to recommend Ambarella's stock.
06:22 EDTQCOMiPhone 6S to include Qualcomm radio frequency transceiver chip, MacRumors says
Subscribe for More Information
05:21 EDTQCOMQualcomm agrees to sell UK L-Band spectrum to Vodafone, H3G
Subscribe for More Information
August 24, 2015
10:17 EDTQCOMQualcomm upgraded to Buy from Hold at Standpoint Research
Subscribe for More Information
09:45 EDTQCOMOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:54 EDTQCOMQualcomm coverage resumed with a Buy at Goldman
Subscribe for More Information
06:22 EDTQCOMTSMC pursuing 16nm chip orders, DigiTimes reports
According to market sources, DigiTimes reports that TSMC (TSM) has been "actively" seeking 16nm FinFET chip orders. In addition to securing a portion of Apple's (AAPL) A9 chip orders, TSMC has also received orders from AMD (AMD), Broadcom (BRCM), LG, Nvidia (NVDA) and Avago (AVGO), the sources say, noting that TSMC failed to maintain orders for Qualcomm's (QCOM) flagship mobile chips, as it has placed orders for the Snapdragon 820 series with Samsung (SSNLF). Reference Link
August 21, 2015
16:21 EDTQCOMOn The Fly: Top stock stories for Friday
Subscribe for More Information
13:41 EDTQCOMAmbarella sinks after supremacy in drone technology challenged by Qualcomm
Subscribe for More Information
12:53 EDTQCOMAmbarella competition in drones not a surprise, says Canaccord
Subscribe for More Information
11:12 EDTQCOMQualcomm reportedly to enter consumer drone market
Subscribe for More Information
10:50 EDTQCOMCitron says next stop $70 for shares of Ambarella
Subscribe for More Information
10:02 EDTCLFOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:19 EDTQCOMQualcomm to enter consumer drone market, Re/code reports
Subscribe for More Information
08:22 EDTCLFCliffs Natural initiated with a Sell at Axiom
Subscribe for More Information
August 20, 2015
07:20 EDTVIPSCitigroup to hold a conference
Hong Kong / China Corporate Day is being held in Hong Kong on August 20.
August 19, 2015
06:18 EDTQCOMQualcomm exec among casualties in midair plane crash, AP reports
Subscribe for More Information
August 18, 2015
05:55 EDTQCOMQualcomm to supply all modem chips for next iPhone, DigiTimes reports
Subscribe for More Information
August 17, 2015
10:21 EDTVIPSOptions with decreasing implied volatility
Subscribe for More Information
August 16, 2015
17:54 EDTCLFUnited Steelworkers union prepares for week of strike action
The United Steelworkers union said it is preparing for a "busy week of events" at U.S. Steel (X), ArcelorMittal (MT), and Cliffs Natural (CLF), as the union's steelworkers prepare for various strike actions and rallies from August 19-21. USW notes that contract negotiations with the companies "continue to proceed slowly," though it reassured that the union committee "continues to meet both internally and with management as the process continues." Reference Link
1 | 2 >>

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