New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 8, 2013
12:32 EDTSHLD, MON, MDCO, SIG, CY, AYI, FIOOn The Fly: Midday Wrap
Stocks on Wall Street were lower again at midday as investors shift their focus from the fiscal cliff to the fourth-quarter earnings season, set to unofficially kick off after the closing bell when Dow component Alcoa (AA) reports. Expectations for the earnings season are muted, with S&P 500 companies forecast to post earnings growth of just 2.8% for the quarter, according to Thomson Reuters. Profit-growth estimates were sharply reduced from the expected growth rate of 9.2% called for at the end of September, according to FactSet. The averages have drifted lower on fairly light volume, indicating a lack of buying rather than intense selling, as investors may be content to wait to see how the earnings season develops before stepping back in... ECONOMIC EVENTS: In the U.S., the NFIB small-business-optimism index rose to 88.0 in December from 87.5 in November. In Europe, zone-wide unemployment hit a new record rate of 11.8% in November, though the European Commission also separately reported that its December Economic Sentiment Indicator improved by 1.3 points in the euro area, to 87.0, and remained generally unchanged at 88.4 in the broader EU. In Asia, Japan said it will use its foreign reserves to continue to buy bonds issued by the European Stability Mechanism to help weaken the yen... COMPANY NEWS: Sears Holdings (SHLD) said late Monday that CEO Louis D’Ambrosio will step down due to family health reasons and be replaced in that role by Eddie Lampert, its chairman of the board and largest shareholder. Sears also forecast adjusted earnings for Q4 that beat consensus expectations but shares fell about 5% near noon... Among companies reporting earnings after yesterday's close or before today's open, Monsanto (MON) advanced and Acuity Brands (AYI) declined... MAJOR MOVERS: Among the notable gainers were The Medicines Company (MDCO), up 11% after announcing results for a Phase 3 trial of one of its drugs, and Signet Jewelers (SIG), up 9% after reporting its holiday season same-store sales rose 3.3% and issuing earnings guidance. Among the noteworthy losers were Cypress Semiconductor (CY), down 9% after cutting its Q4 earnings forecast, and Fusion-io (FIO), which fell 8% after William Blair downgraded the stock to Market Perform... INDICES: Near noon, the Dow was down 68.23, or 0.51%, to 13,316.06; the Nasdaq was down 15.69, or 0.51%, to 3,083.12; and the S&P 500 was down 7.46, or 0.51%, to 1,454.43.
News For SHLD;MON;MDCO;SIG;CY;AYI;FIO From The Last 14 Days
Check below for free stories on SHLD;MON;MDCO;SIG;CY;AYI;FIO the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 23, 2014
09:02 EDTFIOSanDisk completes acquisition of Fusion-io
SanDisk Corporation (SNDK), a global leader in flash storage solutions, today announced it has completed the previously announced acquisition of Fusion-io (FIO), a developer of flash-based PCIe hardware and software solutions that enhance application performance in enterprise and hyperscale datacenters. Under the terms of the agreement, SanDisk completed the acquisition for $11.25 per share for the outstanding shares of Fusion-io, and assumed unvested, in-the-money equity awards, for a total aggregate value of approximately $1.1B, net of cash assumed. SanDisk’s third quarter financial results will include the results of Fusion-io from July 23, 2014 through September 28, 2014. SanDisk expects to exclusively use non-captive memory for the Fusion-io business for at least the next several quarters.
07:05 EDTMDCOThe Medicines Co. reports Q2 adjusted EPS 31c, may not compare to consensus (2c)
Reports Q2 revenue $183.8M, consensus $183.75M. Reports Q2 unadjusted net loss of (8c).
July 18, 2014
11:25 EDTCYOptions with decreasing implied volatility
Subscribe for More Information
July 17, 2014
12:15 EDTFIOSanDisk plummets after Q3 revenue outlook disappoints
Subscribe for More Information
11:40 EDTCYCypress Semiconductor sees Q3 EPS 15c-17c, consensus 17c
Sees Q3 revenue $185M-$191M, consensus $197.56M. Sees Q3 gross margin to decrease slightly to 53% in Q3. Says inventory dollars to remain flat in Q3. Sees Q3 CapEx $7M. Comments made during the company's Q2 earnings conference call.
08:02 EDTCYCypress Semiconductor reports Q2 EPS 16c, consensus 12c
Subscribe for More Information
July 16, 2014
17:48 EDTFIOSanDisk says expects to be 'somewhat supply constrained' in 2H14
Subscribe for More Information
13:44 EDTFIOEarnings Preview: Stifel sees SanDisk results, guidance topping expectations
Subscribe for More Information
08:03 EDTFIOSanDisk announces expiration of HSR waiting period for Fusion-io purchase
Subscribe for More Information
July 14, 2014
08:09 EDTCYCypress Semiconductor licenses 55-nanometer embedded Flash IP to UMC
Subscribe for More Information
06:07 EDTMONMonsanto implied volatility of 17 at lower end of index mean range
July 10, 2014
08:10 EDTMONMorgan Stanley's Vintage Values 2015 list selected
Subscribe for More Information

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