New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 9, 2014
16:22 EDTTSLA, MRK, BAYRY, ODP, GRPN, FEYE, NUS, AOL, WFM, TWTR, TGT, AAPL, ATHNMarket finishes week mixed following earnings, Fed commentary
The major averages ended the week mixed after Fed Chair Janet Yellen testified before Congress and a number of major companies reported weak earnings. MACRO NEWS: The labor market is "far from satisfactory" and inflation remains below the Fed's target, Yellen told Congress. Responding to questions on the Fed's exit strategy, Yellen said the FOMC plans to continue reducing QE purchases as long as Fed objectives are being met, but that a high degree of monetary accommodation is still warranted... U.S. economic data was mostly upbeat, with weekly jobless claims coming in better than expected and a services sector index beating the consensus outlook. However, first quarter productivity was estimated to have declined 1.7%, which was worse than the 1.1% drop predicted by economists... Away from the U.S., Chinese trade data for April was better than expected, but an index that measures the country's services sector fell slightly in April versus March. In Europe, ECB President Mario Draghi said the governing council was "comfortable" with easing at its next policy meeting. COMPANY NEWS: Tesla (TSLA), AOL (AOL), Whole Foods (WFM), Nu Skin (NUS), FireEye (FEYE), and Groupon (GRPN) were among the companies whose stocks fell after they reported earnings. Conversely, Office Depot (ODP), Humana (HUM) and Electronics Arts (EA) rose following their results... Twitter (TWTR) tumbled this week after over 450M of its shares, which represent around 80% of the total shares outstanding, were permitted to be sold without the restrictions that were put in place by the company’s initial public offering. Other previously high flying Internet stocks also continued their recent descent... Shares of Apple (AAPL) were in-focus after Financial Times said that the iPhone and iPad maker is in talks to acquire Beats Electronics, the headphone maker co-founded by rapper and record producer Dr. Dre, for over $3B... Bayer (BAYRY) and Merck (MRK) announced the latest in a series of major deals in the pharmaceutical industry, with Bayer agreeing to acquire Merck's consumer care business for $14.2B... Target (TGT) announced that CEO Gregg Steinhafel would leave the company effective immediately. The credit card data breach that hit the company late last year occurred on Steinhafel's watch... Well-known investor David Einhorn said he is short shares of athenahealth (ATHN). Athenahealth is not a software company, but an outsourcing company, and expectations for its operating margins are too high, said Einhorn. INDEXES: The Dow was up 0.4% to 16,583.34, the S&P 500 was down 0.1% to 1,878.48, and the Nasdaq was down 1.2% to 4,071.87.
News For TSLA;AAPL;TGT;TWTR;WFM;AOL;NUS;FEYE;GRPN;ODP;BAYRY;MRK;ATHN 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 | 14 | 15 | all recent news | >>
October 9, 2014
09:10 EDTAAPLApple says will continue to evaluate capital return program, CNBC reports
After Carl Icahn urged Apple to make a tender offer that would meaningfully accelerate and increase the magnitude of its share repurchases, the company said in a statement to CNBC that is always appreciates the input of its shareholders and will continue to evaluate its capital return program.
08:53 EDTAAPLAbout 1,000 workers went on strike for several hours at Foxconn plant, WSJ says
Subscribe for More Information
08:45 EDTAAPLIcahn says Apple should trade at $203 per share today
Subscribe for More Information
08:42 EDTAAPLIcahn sees Apple launching UltraHD TV set in FY16
Carl Icahn stated in an open letter posted to his "Shareholder's Square Table" addressed to Apple CEO Tim Cook: "While Apple has not announced plans for a TV set and may never do so, we believe we have good enough reason to expect the introduction of an UltraHD TV set in FY 2016. We think television represents a large opportunity for Apple, one that reaches far beyond “the hobby” that Apple TV currently represents...As the home represents one compelling category for Apple, payments represents another...We estimate that, based upon Apple Pay’s rumored fee of 15 bps of all spend on credit and debit cards...and merchant deployment of NFC reaching 80%+ in 2017, Apple in the U.S. could generate revenues...of $2.5 billion in FY 2017 if it reaches 30% market share of all spend on U.S. credit and debit cards. The potential in the U.S. and internationally over a longer term is much larger."
08:41 EDTAAPLCooperman says Apple about 20% undervalued, still owns shares
Leon Cooperman of Omega Advisors is speaking on CNBC.
08:40 EDTAAPLIcahn calls Apple shares 'dramatically undervalued,' requests tender offer
Subscribe for More Information
08:37 EDTAAPLIcahn calls Apple shares 'dramatically undervalued,' requests tender offer
Subscribe for More Information
08:36 EDTAAPLIcahn requests Apple make tender offer for shares
Subscribe for More Information
08:32 EDTMRKMerck HCV solutions becoming more credible, says Bernstein
Subscribe for More Information
08:01 EDTTGTTarget CEO hands-on with Canadian turnaround, Globe and Mail says
Brian Cornell, the new CEO of Target, told The Globe and Mail in an interview that he is taking a hands-on approach to repairing the company’s Canadian business and that he will travel north on a “regular” basis to oversee the turnaround. Reference Link
06:52 EDTAAPLTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
06:48 EDTTSLATesla added to U.S. Focus List at Credit Suisse
Subscribe for More Information
06:48 EDTAAPLApple upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded its rating on Apple shares to Outperform saying the iPhone 6 will be the most successful phone launch to date "by far." Opco sees iPhone sales driving better than expected quarterly results into the first half of 2015 and believes Apple Pay and Apple Watch will keep investor interests high. The firm put a $115 price on shares. Apple closed yesterday up $2.05 to $100.80.
06:41 EDTAAPLApple upgraded to Outperform from Perform at Oppenheimer
06:40 EDTFEYESource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
06:33 EDTAAPLCourt considers whether to pay Amazon workers for security checks, WSJ says
Subscribe for More Information
06:30 EDTAAPLApple suppliers push back plans to produce larger iPad, WSJ reports
Subscribe for More Information
06:29 EDTAAPLIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:26 EDTAAPLMIC: Taiwan smartphone shipments surpasses 5.4M in Q3, DigiTimes says
Subscribe for More Information
06:26 EDTAAPLGoogle's tax arrangement facing new challenge by France, WSJ reports
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 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