New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 24, 2012
16:54 EDTAFFY, MMM, T, NFLX, ALGN, UTX, BIG, IBM, AAPLOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, with AT&T (T) supporting the Dow and Apple (AAPL) dragging on the Nasdaq. Stock futures were higher in pre-market trading but the Nasdaq futures moved lower as shares of Apple turned down. The futures action led to a mixed open for the broader market, which is the way it remained for most of the session. Early in the day the new home sales report showed that home sales declined but an upward revision to previous months' figures pushed the annual sales rate above expectations. All three major indices moved higher briefly after that report, but they soon turned mixed again, where they would drift for the rest of the day... ECONOMIC EVENTS: In the U.S., new single-family home sales dropped in March but the sales rate beat analysts' expectations as the government upwardly revised its sales figures for prior months, resulting in a seasonally adjusted 328,000-unit annual sales rate. The S&P/Case Shiller 20-city composite home price index fell to its lowest level since the housing market downturn began, but on a seasonally adjusted basis the index gained 0.2% in February. U.S. consumer confidence slipped a bit in April to 69.2, versus expectations of a 69.6 reading. The Richmond Fed manufacturing index rose to 14 from 7 a month ago... COMPANY NEWS: AT&T, United Technologies (UTX) and 3M (MMM) all rose after reporting earnings that beat consensus. Also powering the Dow higher were shares of IBM (IBM), rising 0.69% after the company increased its dividend and share repurchase authorization... MAJOR MOVERS: Among the notable gainers were Align Technology (ALGN), up $4.32, or 15.74%, to $31.76, after its earnings and guidance beat the Street's view, and Affymax (AFFY), up $1.36, or 11.73%, to $12.95, after announcing that its OMONTYS Injection is now available only for use in treating anemia due to chronic kidney disease in adult patients on dialysis. Noteworthy losers included Big Lots (BIG), down $11.00, or 24.06%, to $34.71, after the company lowered its same store sales view, and Netflix (NFLX), down $14.16, or 13.90%, to $87.68, following its earnings report... INDICES: The Dow rose 74.39, or 0.58%, to 13,001.56; the Nasdaq dropped 8.85, or 0.30%, to 2,961.60; and the S&P 500 added 5.03, or 0.37%, to 1,371.97.
News For T;AAPL;UTX;MMM;IBM;ALGN;AFFY;BIG;NFLX 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 | 10 | 11 | 12 | 13 | all recent news | >>
January 18, 2015
13:45 EDTAAPL, TGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
Subscribe for More Information
January 16, 2015
18:07 EDTTCongressional GOP unveil net neutrality law to bypass FCC, LA Times reports
Representatives Fred Upton of Michigan and John Thune of South Dakota endorsed a congressional bill that would protect net-neutrality by banning internet service providers from charging companies extra to load their sites, and prohibit broadband companies from blocking legitimate websites, or slowing speeds for customers, superseding the FCC's authority to regulate the internet, according to the LA Times. Major internet companies such as AT&T (T) , Comcast (CMCSA), and Verizon Communications (VZ) have opposed a recent recommendation by FCC Chairman Thomas Wheeler to treat internet service similar to a utility. Reference Link
17:25 EDTTAT&T reports Q4 $10B charge related to pension benefits and network assets
For the quarter ended December 31, AT&T expects to record a noncash, pre-tax loss of approximately $7.9B related to actuarial gains and losses on pension and postemployment benefit plans. At December 31, the company decreased its assumed discount rates used to measure the pension obligation to 4.3% and to 4.2% for the company's postretirement obligation. These reductions resulted in an actuarial loss of approximately $7.9B. Also contributing to the amount were losses due to updated mortality assumptions offset by asset gains in excess of its assumed rate of return as well as demographic changes and other assumptions. Actuarial gains and losses are managed on a total company basis and are, accordingly, reflected only in consolidated results. Therefore, this loss will not affect segment operating results or margins. The company's Q4 operating results will also include a $2.1B noncash charge for the abandonment in place of certain network assets. During Q4, the company performed an analysis of its network assets and determined that specific copper assets will not be necessary to support future network activity, due to declining customer demand for AT&T's legacy voice and data products and the migration of its networks to next generation technology. This decision by management will not be considered in the company's assessment of segment performance and therefore, this charge will be reflected only in consolidated results and will not affect segment operating results or margins.
16:00 EDTAAPLOptions Update; January 16, 2015
Subscribe for More Information
15:10 EDTAAPLApple volatility at upper end of five-year range
Subscribe for More Information
11:16 EDTNFLXCBS, Viacom climb following Stifel upgrades
Shares of CBS (CBS) and Viacom (VIA, VIAB) are climbing after research firm Stifel upgraded the stocks to Buy from Hold. CBS owns the CBS network and other entertainment properties. Viacom owns a number of cable networks, including MTV and Nickelodeon. WHAT'S NEW: CBS' NFL rights leave it well-positioned to charge cable companies and other TV providers high fees, Stifel analyst Benjamin Mogil wrote in a note to investors today. Meanwhile, the company's strong ratings and lower production costs reduce its risk, Mogil stated. CBS has more opportunities when it comes to selling its content to Internet TV networks such as Netflix (NFLX), Mogil believes. The analyst set a $65 price target on the shares. Meanwhile, Mogil believes that Viacom should benefit from the adoption of ratings measurements other than Nielsen's (NLSN) tools. Viacom has complained that Nielsen's tools have underestimated its ratings by failing to adequately take into account new types of content consumption, the analyst noted. Viacom's recent expansion into new international markets should also improve its performance, Mogil stated. He set an $89 price target on the shares. ANOTHER TO WATCH: Mogil initiated coverage of Twenty-First Century Fox (FOXA) with a $41 price target and Buy rating, saying that the company is well-positioned to benefit from its wide range of sports programming. He set a $41 price target on the shares. PRICE ACTION: In late morning trading, CBS advanced 2.75% to $55, Viacom gained 2.5% to $68, and Twenty-First Century Fox rose 0.4% to $34.72.
10:34 EDTNFLXNetflix January weekly volatility increases into Q4 and outlook
Netflix January weekly call option implied volatility is at 97, February is at 55, March is at 46; compared to its 26-week average of 37 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on January 20.
10:01 EDTNFLXOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:30 EDTNFLXNetflix results likely to beat expectations, says Cantor
Cantor expects Netflix's Q4 results to beat expectations. The firm views the company's 2015 original content as compelling and keeps a Buy rating on the shares.
08:57 EDTNFLXNetflix upgraded to Outperform at Cowen
Subscribe for More Information
08:47 EDTAAPLIntel CEO says relationship with Apple 'strong'
Krzanich says he's heard the "rumors" of Apple (AAPL) looking at other types of chips for some of its products. Apple will always choose innovation and Intel's (INTC) job is to offer them the most competitive products, Krzanich said. Intel's CEO says many customers want to have a single supply source, which is a reason Intel needs to be in a broad array of businesses including mobile, PCs and servers. Krzanich says "very comfortable" with inventory levels and that Q4 played out the way the company expected. Intel CEO Brian Krzanich is speaking on CNBC.
08:09 EDTAAPLApple price target raised to $123 from $120 at RBC Capital
Subscribe for More Information
07:33 EDTALGNAlign Technology near-term risk/reward less favorable, says Credit Suisse
Subscribe for More Information
06:27 EDTAAPLSamsung names Lee Don-tae as global design team leader, Korea Joongang says
Subscribe for More Information
06:25 EDTAAPLApple to open five new stores in China in next five weeks, Xinhua News reports
Subscribe for More Information
06:11 EDTAAPLEU says Amazon's tax deal with Luxembourg may violate laws, WSJ reports
Subscribe for More Information
06:11 EDTAAPLApple implied volatility of 41 at upper end of index mean range
Subscribe for More Information
06:10 EDTAAPLGlobal notebook shipments to reach 46M units in Q4, DigiTimes Research says
Subscribe for More Information
06:09 EDTNFLXNetflix upgraded to Outperform from Market Perform at Cowen
Subscribe for More Information
05:59 EDTAAPLIntel aims to ship 44M tablet APs in 2015, DigiTimes reports
Intel (INTC) targets shipping 44M tablet APs in 2015 to acount for one third of the non-Apple (AAPL) tablet shipments in 2015, reports DigiTimes. According to sources from tablet players, Intel expects losses from its tablet segment to narrow significant in 2016 as it acquires a leading position in the non-Apple tablet sector. Reference Link
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 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