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 | all recent news | >>
October 10, 2014
17:57 EDTAAPLGT Advanced calls Apple demands 'burdensome, oppressive,' Bloomberg reports
Subscribe for More Information
17:14 EDTAAPL, TSLAMarket ends week lower amid global growth worries
Subscribe for More Information
16:02 EDTTWTR, AAPL, TSLAActionable Options for Friday, October, 10
Subscribe for More Information
15:58 EDTTSLATesla breaks support, levels to watch
Shares are ending near session lows, last at $236.76. Support is at the session low at $235.20. Resistance is at previous support at $238.49.
15:30 EDTAAPLApple, Bose settle patent infringement litigation, CNBC reports
Subscribe for More Information
12:52 EDTTSLATesla shares sink after all-wheel drive model unveiling
Shares of Tesla (TSLA) are falling after the company's CEO, Elon Musk, introduced an all-wheel drive model and some autonomous driving features on a number of its vehicles. On October 2, Musk had teased on Twitter that Tesla would "unveil D, something else,' exciting investors. WHAT'S NEW: Musk last night said Tesla would enable consumers to buy an all-wheel drive version of the company's Model S electric vehicle. The all wheel drive feature will increase the speed and efficiency of vehicles, Musk said. It will also enable the cars to drive more effectively in poor driving conditions, the CEO stated. The feature will be offered on the company's new advanced Model S car, the P85D, which will cost $120,000. The feature can be added onto other Tesla vehicles for $4,000. Additionally, Musk announced that all new Model S vehicles will have a number of auto pilot features. Among other capabilities, the new vehicles will be able to change lanes and park on their own, the CEO said. ANALYST REACTION: The updates unveiled by Tesla largely add features already offered by other companies, Merrill Lynch analyst John Lovallo II wrote For example, Mercedes has been offering all wheel drive since 1985, and Subaru offers the technology as a standard feature on almost all of its vehicles, Lovallo stated. Several companies also offer the speed limit reading feature, the analyst reported. Tesla's ability to drive its share price up at will, exhibited by the rise in the stock following Musk's tweet, could create a significant risk for shareholders, the analyst warned. He kept an Underperform rating on the name. WHAT’S NOTABLE: Shares of Mobileye (MBLY), which develops components for automatic driver-assist systems, are falling today. Mobileye investors may be disappointed that Tesla did not offer more advanced autonomous driving features. PRICE ACTION: In early afternoon trading, Tesla slumped 6% to $242 and Mobileye sank 7% to $50.50.
11:45 EDTTWTRStocks with call strike movement; TWTR GPRO
Subscribe for More Information
11:27 EDTNUSPrescott General Patrners reports 4.3% passive stake in Nu Skin
Subscribe for More Information
11:23 EDTTWTRTwitter falls after bounce attempt, levels to watch
The stock is heading lower after a bounce attempt off the session low at $51 failed to hold. At the current price of $52.26, next support is at the low of the day. Resistance is at $52.77, the peak price of the recent bounce.
10:12 EDTAAPLApple to remove Bose products from retail stores, MacRumors reports
Subscribe for More Information
10:01 EDTGRPNOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:57 EDTTSLATesla drops after 'D' announcement, levels to watch
The shares are down over 6% to $241. At that price next support is at $240.24 and then at $238.49. Resistance is at $245.26.
09:38 EDTTWTR, AAPLActive equity options trading on open
Subscribe for More Information
09:21 EDTTSLATesla's announcement may fail to impress investors, says BofA/Merrill
Subscribe for More Information
09:00 EDTTSLA, GRPNOn The Fly: Pre-market Movers
Subscribe for More Information
08:13 EDTGRPNGroupon downgraded to Sell from Equal Weight at Evercore
07:39 EDTAAPLApple underappreciated but Icahn estimates aggressive, says UBS
Subscribe for More Information
07:08 EDTAAPLApple given at least 3 days to block info in GT bankruptcy case, Reuters says
Subscribe for More Information
07:04 EDTAAPLAmazon in talks to join digital locker for movies. WSJ reports
Subscribe for More Information
06:14 EDTTSLATesla unveils all-wheel-drive version of Model S
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 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