New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 28, 2012
16:27 EDTRTLX, NCR, BP, GMCR, SHS, UTI, MLNX, INTC, TFMOn The Fly: Closing Wrap
Stocks on Wall Street rose about 0.8% after falling nearly 1% in the first half hour of the session. Comments out of Washington by House Speaker John Boehner and President Obama, followed by a report from the AP that White House officials plan to meet with other Senate and House leaders regarding the fiscal cliff, sent the averages into positive territory after midday and the markets went in to the close at their highs of the day... ECONOMIC EVENTS: In the U.S., new single-family home sales fell 0.3% in October to a seasonally adjusted 368,000-unit annual rate. Also, the government revised sharply lower its estimate for the prior month's sales. The EIA reported crude oil inventories drew down by 347,000 barrels last week, versus expectations for a 350,000 barrel build up... COMPANY NEWS: The Environmental Protection Agency announced BP (BP) will be suspended from winning new contracts from the federal government until the company demonstrates it meets business standards set by the U.S., though the action does not affect existing contracts. Shares of BP opened sharply lower, but settled up 13c, or 0.31%, to $41.48... Shares of Retalix (RTLX) moved up sharply and were halted for trade following a report in Israel's Calcalist that it had reached a deal to be acquired by NCR (NCR). Shares were up $7.21, or 32.92%, to $29.11 when they were halted and the companies confirmed in a press release after the bell that NCR will pay $30.00 share to acquire the Israel-based software firm... MAJOR MOVERS: Among the notable gainers was Green Mountain Coffee Roasters (GMCR), which saw shares trade up $7.91, or 27.32%, to $36.86 after the company's Q4 earnings report beat Street estimates and at least three analyst firms raised their price targets on the stock. Also higher were shares of Sauer-Danfoss (SHS), up $13.34, or 33.88%, to $52.72 after Danfoss S/A proposed to purchase all shares of the company is does not already own for $49.00. Among the noteworthy losers were shares of Universal Technical (UTI), down $3.44, or 28.10%, to $8.80 after the company said it sees FY13 student starts flat year-over-year and the stock was downgraded to Underperform at BMO. Also lower were shares of Mellanox Technologies (MLNX), down $8.07, or 9.57%, to $76.23 as concerns over competition from Intel (INTC) prompted a slide, though shares were defended at Pacific Crest and Barclays. Also lower were shares of The Fresh Market (TFM), down $7.46, or 12.38%, to $52.78 after the company's CFO unexpectedly resigned last night... INDICES: The Dow was up 106.98, or 0.83%, to 12,985.11; the Nasdaq was up 23.99, or 0.81%, to 2,991.78; and the S&P 500 was up 10.99, or 0.79%, to 1,409.93.
News For RTLX;NCR;BP;GMCR;SHS;UTI;MLNX;INTC;TFM 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 | 4 | all recent news | >>
October 14, 2014
16:31 EDTINTCIntel CFO: China continues to be relatively weak
Subscribe for More Information
16:09 EDTINTCIntel up approximately 3% following Q3 results
Subscribe for More Information
16:06 EDTINTCIntel used $4.2B to repurchase 122M shares of stock in Q3
Subscribe for More Information
16:06 EDTINTCIntel CEO says 'pleased by the progress the company is making'
Subscribe for More Information
16:05 EDTINTCIntel sees FY14 CapEx $11B, plus or minus $500M
16:04 EDTINTCIntel reports Q3 PC Client Group revenue $9.2B, up 6% sequentially, up 9% YoY
Subscribe for More Information
16:02 EDTINTCIntel reports Q3 gross margin 65%
Subscribe for More Information
16:02 EDTINTCIntel sees Q4 revenue $14.7B, plus or minus $500M, consensus $14.49B
Subscribe for More Information
16:01 EDTINTCIntel reports Q3 EPS 66c, consensus 65c
Subscribe for More Information
15:29 EDTINTCNotable companies reporting after market close
Subscribe for More Information
14:45 EDTINTCEarnings Preview: Intel to report after Microchip correction warning
Subscribe for More Information
12:31 EDTINTCIntel October 32.5 straddle priced for 6% move into Q3
Subscribe for More Information
11:39 EDTINTCIntel technical comments ahead of earnings
The shares have outperformed the broader averages over the last three months. Removing today's bounce, the stock has been flat against the down performance of the averages. The trading pattern for the stock when viewed with a three-month window has been up sharply, sideways, and down sharply. That doesn't leave a great deal of room for trend interpretation other than traders being cautious into results. When we pull back to a 1-year view, the technical picture is strikingly different. Almost all of the gains in shares this year, up over 34% excluding today, has come since the early summer. That sharp rise then developed into a bearish rounding formation viewed on a closing basis. On an OHLC chart, the formation instead is an Island Top. That is, a bullish gap, the sideways move previously described, and a bearish gap from yesterday. That leaves the price action of the last several months isolated, an island, within the context of the longer term uptrend. Island Tops are usually considered extremely bearish on a technical basis, suggesting the up move has exhausted itself in a blow-off. If the news on earnings and outlook supports this bearish price interpretation, there could be significant downside risk. Levels to watch on the downside would be at $31.80, the bottom of the bullish gap from July, $30,03, and $28.10, the bottom of the bullish gap from June. A break below $28 might leave the shares back in the $24 to $26 range characteristic of the price action at the start of the year. If the news is positive, the first major resistance is at the 52-week high at $35.56 and then at $37.15.
10:10 EDTINTCChip makers rise following Skyworks positive preannouncement
Shares of a number of semiconductor makers are climbing after one of the companies in the sector, Skyworks (SWKS), preannounced stronger than expected results. WHAT'S NEW: Skyworks, which develops chips for cell phones, raised its fourth quarter earnings per share outlook to $1.08 from $1.00. Analysts' consensus estimate was $1.01. The chip maker increased its Q4 revenue guidance to $718M from $680M. Analysts' consensus estimate was $679.5M. "Skyworks’ upwardly revised outlook demonstrates the broad-based strength of our business and our ability to capitalize on positive underlying market trends to connect everyone and everything, all the time,” said Skyworks CEO David Aldrich. "These multi-year technology trends are setting the stage for us to outperform the broader semiconductor industry in the December quarter and for the foreseeable future," the CEO added. WHAT'S NOTABLE: Skyworks' positive report comes less than a week after another semiconductor maker, Microchip (MCHP), preannounced lower than expected revenue and said it thought the sector had entered a correction. Semiconductor stocks have sold off sharply since Microchip's preannouncement and pessimistic comments. PRICE ACTION: In early trading, Skyworks surged 6.4% to $48.24, Intel (INTC) rose 1.5% to $31.94, NXP Semiconductors (NXPI) rose 1.2% to $54.55, STMicroelectronics (STM) advanced 2% to $6.82, and Avago Technologies (AVG) gained fractionally to $69.30.
07:24 EDTINTCIntel gains government ally in China with new deals, Reuters says
Subscribe for More Information
06:29 EDTINTCTSMC and rivals racing to pack computer power in each chip, WSJ says
Subscribe for More Information
October 13, 2014
07:26 EDTGMCRAB InBev has studied potential deal to acquire PepsiCo, Bloomberg says
Anheuser-Busch InBev (BUD), which has a history of growth via acquisition and has been speculated to be targeting peer SABMiller (SBMRY), has also studied whether a merger with PepsiCo (PEP) makes sense, according to Bloomberg, citing people familiar with the matter. The report added that one source said no talks between Anheuser-Busch and Pepsi are ongoing, no deal is imminent, and the scenario is among many that has been examined. The report also noted that Albert Fried views Monster Beverage (MNST) and Keurig Green Mountain (GMCR) as other suitable targets for AB InBev. Reference Link
06:36 EDTBPSaudi Arabia content to let oil prices stay low, Reuters reports
Subscribe for More Information
October 12, 2014
13:53 EDTBPKuwaiti Minister says OPEC unlikely to cut production, WSJ says
Subscribe for More Information
13:45 EDTBPSaudis take aggressive oil measures in Europe, WSJ says
Subscribe for More Information
1 | 2 | 3 | 4 | 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