New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 24, 2013
10:00 EDTUGI, FCX, CREE, VTR, IRWD, EW, T, O, MHR, TSS, THRX, DFS, AMGN, NNN, GAS, GSS, VOCS, SBRA, DV, AAPLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AT&T (T) downgraded to Equal Weight from Overweight at Morgan Stanley... Amgen (AMGN) downgraded to Neutral from Overweight at Piper Jaffray... Apple (AAPL) downgraded to Market Perform from Outperform at BMO Capital... DeVry (DV) downgraded to Hold from Buy at Deutsche Bank... Dice Holdings (DHX) downgraded to Market Perform from Outperform at William BlairDiscover (DFS) downgraded to Hold from Buy at Jefferies... Edwards Lifesciences (EW) downgraded to Neutral from Buy at Lazard Capital... Ironwood (IRWD) downgraded to Equal Weight from Overweight at Morgan Stanley... Sabra Health Care (SBRA) downgraded to Hold from Buy at Jefferies... Theravance (THRX) downgraded to Market Perform from Outperform at Bernstein... Total System (TSS) downgraded to Hold from Buy at Deutsche Bank... Ventas (VTR) downgraded to Hold from Buy at Jefferies... Vocus (VOCS) downgraded to Market Perform from Outperform at Barrington... Cree (CREE) downgraded to Hold from Buy at Gabelli... Magnum Hunter (MHR) downgraded to Neutral from Add at Capital One... Golden Star Resources (GSS) downgraded to Underperform from Sector Perform at Scotia... Vocus (VOCS) downgraded to Hold from Buy at Stifel... Freeport McMoRan (FCX) downgraded to Hold from Buy at Argus... Ironwood (IRWD) downgraded to Underperform from Neutral at Wedbush... UGI Corporation (UGI) downgraded to Market Perform from Outperform at BMO Capital... AGL Resources (GAS) downgraded to Underperform from Market Perform at BMO Capital... Realty Income (O) downgraded to Neutral from Outperform at RW Baird... National Retail Properties (NNN) downgraded to Neutral from Outperform at RW Baird... Dice Holdings (DHX) downgraded to Market Perform from Outperform at BMO Capital.
News For T;AAPL;AMGN;EW;DV;DFS;IRWD;SBRA;THRX;VTR;VOCS;TSS;CREE;GSS;MHR;FCX;GAS;O;UGI;NNN 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 | 5 | 6 | 7 | 8 | 9 >>
January 28, 2016
14:17 EDTAAPLApple acquires education technology startup LearnSprout, Bloomberg says
Subscribe for More Information
14:15 EDTAMGNAmgen technical comments before earnings news
Subscribe for More Information
13:53 EDTAAPLApple acquires education technology startup LearnSprout, Bloomberg reports
13:07 EDTAAPLFacebook says expanding ability to share live video in U.S. via iPhone
Subscribe for More Information
12:49 EDTAMGNEarnings Watch: Amgen shares down almost 9% since last report
Subscribe for More Information
12:20 EDTDFSOn The Fly: Top stock stories at midday
Stocks on Wall Street have moved all over the place in a wild morning of trading. The averages opened sharply higher as oil prices rose above $34 a barrel. The Dow opened with triple digit gains but following reports from Iraq that it would increase oil production, and refutations of rumors that OPEC might cut production, the commodity began to weaken, taking equities with it. The averages turned negative and it looked like another rout might be in the making. Before the market fell too far, it gathered itself and moved back into positive ground and the major averages are now in the green, but not far from where they ended yesterday's session. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 278,000 last week, versus the expected 281,000 first-time claims. Durable goods orders dropped 5.1% in December, versus expectations for a decrease of 0.7%. The core reading, which removes transportation items, was down 1.2%, versus expectations for a decline of 0.1%. The National Association of Realtors' pending home sales index for December rose 0.1%, versus expectations for it to be up 0.9%. COMPANY NEWS: Shares of Facebook (FB) surged 14.5% after the social media giant's fourth quarter earnings and revenue beat expectations. Wall Street analysts were nearly unanimous in their praise following the report, with a number increasing their price targets for its shares... Caterpillar (CAT) reported better than expected quarterly earnings, excluding certain items, but its revenue came in below the consensus forecast and the heavy equipment maker warned that it does not anticipate an improvement in the world economy or commodity prices in 2016. The stock, which had declined almost 20% in the last three months prior to this morning's report, rebounded about 2% this morning after the company jumped over its lowered profit hurdle... Shares of eBay (EBAY) and PayPal (PYPL) diverged after the recently-split companies reported their respective fourth quarter results and gave guidance, with eBay falling 13% and PayPal rising 7% near midday... The Dow Jones US Healthcare ETF (IYH) fell over 2% at midday after a number of big-names in the space gave disappointing guidance. Celgene (CELG) fell 5% following its Q4 report and fiscal year outlook, while Abbott (ABT) dropped 8% in the wake of its own results and guidance. MAJOR MOVERS: Among the notable gainers was Kinder Morgan (KMI), which rallied 8.5% after it was upgraded at Credit Suisse and Stifel. Also higher were Under Armour (UA), Dolby (DLB) and Deluxe (DLX), which gained 18%, 11% and 9%, respectively, after reporting quarterly earnings. Among the noteworthy losers was OSI Systems (OSIS), which fell 35% and was downgraded to Hold at BB&T following downbeat quarterly earnings. Also lower were Qualcomm (QCOM) and Discover (DFS), which each dropped about 7% after their quarterly earnings reports. INDEXES: Near midday, the Dow was up 1.37, or 0.01%, to 15,945.83, the Nasdaq was up 21.12, or 0.47%, to 4,489.28, and the S&P 500 was up 3.36, or 0.18%, to 1,886.31.
10:34 EDTAAPLApple supplier Cirrus jumps after results beat expectations
The shares of Cirrus Logic (CRUS) are surging after the company reported stronger than expected third quarter results last night. Research firm Oppenheimer responded to the news by upgrading the stock to Outperform from Market Perform. Cirrus, which develops integrated circuits, is said to get about 75% of its revenue from Apple (AAPL). WHAT'S NEW: Cirrus reported Q3 EPS of 82c, versus analysts' consensus outlook of 81c. The company's revenue also came in slightly above expectations. However, it provided Q4 revenue guidance of $225M at the midpoint of their range of $210M-$240M, versus the consensus outlook of about $260M. However, Cirrus said that it continues to expect its revenue to increase more than 15% in its upcoming fiscal year. "Short-term weakness for certain audio products" caused Cirrus' Q3 results and Q4 outlook to be weaker than the company originally expected, the company stated. iPhones, whose sales came in below analysts' consensus forecast last quarter, utilize audio products from Cirrus. Cirrus CEO Jason Rhode said he remains upbeat about the company's prospects, stating, "We are confident that our strategy of focusing on innovative market leading customers in the fastest growing audio and voice segments will fuel future growth." Rhode added that Cirrus expects to sell more products to its existing customers going forward. ANALYST REACTION: Oppenheimer analyst Rick Schafer upgraded Cirrus to Outperform from Market Perform in a note to investors today. Apple will utilize a smart codec from Cirrus to reduce noise in the earbuds of the upcoming iPhone 7 device, Schafer predicted. As a result, Cirrus will obtain an average of about $5.50 for each iPhone 7 sold, up from about $3.50 for the iPhone 6 and iPhone 6+, the analyst estimated. Meanwhile, Cirrus is selling more of its smart codecs and audio amps to Android smartphone makers, accrding to Schafer. He raised its 2017 EPS estimate for the company to $3.30 from $2.74, and he thinks the company's results could beat expectations through the second half of this year. Schafer set a $40 price target on the shares. PRICE ACTION: In early trading, Cirrus climbed 15.5% to $32.29.
10:05 EDTAAPLApple recalls wall plug adapters outside the U.S.
Apple announced a voluntary recall of AC wall plug adapters designed for use in Argentina, Australia, Brazil, Continental Europe, New Zealand and South Korea. "In very rare cases, affected Apple two-prong wall plug adapters may break and create a risk of electrical shock if touched," the iPhone maker said in a statement. The wall plug adapters shipped with Mac and certain iOS devices between 2003 and 2015 and were also included in the Apple World Travel Adapter Kit. Apple is aware of 12 incidents worldwide. The recall does not affect any other Apple AC wall plug adapters designed for Canada, China, Hong Kong, Japan, United Kingdom, United States or any Apple USB power adapters.
09:38 EDTAAPLActive equity options trading on open
Subscribe for More Information
08:13 EDTDFSDiscover shares should be bought on weakness, says Stifel
Subscribe for More Information
07:46 EDTAAPLNew iPad Air production to start in Q2, Digitimes reports
Apple is anticipated to unveil its new edition of the iPad Air in March 2016 and production will begin in Q2, with General Interface Solution and TPK to supply touch panels, Digitimes reports, citing Taiwan-based supply chain makers. The new iPad will reportedly come with a 4K resolution panel and up to 4GB in RAM, as well as better battery life, the report says. Reference Link
07:16 EDTDVDeVry valuation more than reflects FTC suit risk, says Piper Jaffray
Subscribe for More Information
07:15 EDTAAPLMarathon Patent Group announces trial date of May 2 in case against Apple
Subscribe for More Information
07:14 EDTDFSDiscover outlook still positive despite miss, says Wells Fargo
After Discover reported lower than expected EPS, Wells Fargo blamed the miss on higher credit costs. The firm still expects the company to have about 1.3 percentage points of positive operating leverage this year, along with 2.3% core revenue growth, and it keeps an Outperform rating on the shares.
06:46 EDTAAPLApple may unveil iPad Air 3 at March event, 9to5Mac reports
Subscribe for More Information
06:30 EDTTYahoo starts restructuring with 'invest/maintain/kill' list, Re/code reports
Subscribe for More Information
06:22 EDTAAPLGoogle, Apple push back on Euro tax deals, FT reports
Subscribe for More Information
06:11 EDTAAPLApple could ship 20M Macs this year, DigiTimes reports
Subscribe for More Information
05:44 EDTTSpringOwl calls for Yahoo, Viacom to seek partners, Reuters reports
SpringOwl Asset Management, which holds undisclosed stakes in Yahoo (YHOO) and Viacom (VIA), is urging the boards of both companies to seek investments from strategic partner, Reuters reports, citing an article that is set to be published today. SpringOwl managing director Eric Jackson says that "Although some shareholders of both Yahoo and Viacom think that a simple sale or break-up of both companies is the best way to create value for shareholders, we believe that both companies could benefit from their own version of the 'Buffett Convert,'" and that while stakes of investors would be diluted if an outside investor steps in, but "they would still be better off because their shares would likely get re-rated upwards substantially with this new partner sitting around the board table." Jackson believes Yahoo should seek outside investment from Liberty Media (LMCA), Verizon (VZ) or AT&T (T), while Viacom would benefit from Alibaba (BABA), Amazon (AMZN) or AMC Entertainment (AMC). Reference Link
05:41 EDTTAT&T implied volatility of 17 at lower end of index mean range
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 >>

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