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May 25, 2012
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| 16:00 EDT |  | GOOG, BAC |
| theflyonthewall.com: | Options Update; May 25, 2012 | | CBOE Volatility Index-VIX up 39c to 21.93. Option volume leaders today: GOOG BAC CHK AAPL according to Track Data. :theflyonthewall.com |
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| 14:51 EDT |  | MS, GOOG, JPM |
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| 14:36 EDT |  | JPM |
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| 13:28 EDT | | C |
| theflyonthewall.com: | Sources: Citigroup lost $20M due to botched Facebook listing, DJ reports | | According to sources familiar with the matter, Citigroup's (C) market-making arm lost about $20M on trades made during last Friday's listing of Facebook (FB) on Nasdaq, reports Dow Jones. Citigroup, Knight Capital (KCG) and Citadel are among the wholesale market-makers to have asked Nasdaq OMX (NDAQ) to compensate them for their losses. Reference Link :theflyonthewall.com |
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| 13:16 EDT |  | JPM |
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| 12:24 EDT | | GOOG |
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| 12:14 EDT | | DIS |
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| 12:13 EDT | | BAC |
| theflyonthewall.com: | Stocks with call strike movement; CHK BAC | | Chesapeake (CHK) October 21 call volatility decreased 4%, Bank of America (BAC) August 8 call volatility decreased 2% according to iVolatility. :theflyonthewall.com |
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| 11:47 EDT |  | CSCO |
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| 11:28 EDT | | GOOG |
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| 11:20 EDT | | CSCO |
| theflyonthewall.com: | Cisco participates in a conference call with Morgan Stanley | | Morgan Stanley's Ehud Gelbum and Cisco's Vice President & Service Provider Chief Architect, David Ward, discuss Cisco's vision, strategy and perspective on SDN in a webcast to be held on May 30 at 11 am. Webcast Link :theflyonthewall.com |
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| 10:54 EDT | | NWSA |
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| 10:53 EDT | | GOOG |
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| 10:51 EDT | | GOOG |
| theflyonthewall.com: | Google may be planning to add events, local features to Google+, The Verge says |
 Subscribe for More Information :theflyonthewall.com |
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| 09:59 EDT |  | GOOG |
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| 09:47 EDT | | C |
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| 09:42 EDT | | BAC, C |
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| 09:35 EDT |  | GOOG |
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| 08:48 EDT | | GOOG |
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| 08:23 EDT | | GS, MS |
| theflyonthewall.com: | Morgan Stanley likely to maintain its Silicon Valley presence, Reuters reports |
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| 07:44 EDT | | JPM |
| theflyonthewall.com: | JPMorgan pays high price to keep NYC branch in long time home, NY Post says | | JPMorgan Chase (JPM) paid an above market price of $87M for the 45,000 square foot office building at 525 Broadway to ensure it can keep its own bank branch in the building, where Chase or its predecessors have had a branch located since 1919, reported The New York Port. Reference Link :theflyonthewall.com |
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| 07:43 EDT | | NWSA |
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| 07:37 EDT | | GOOG |
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| 07:36 EDT | | WFC |
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| 07:33 EDT | | NWSA |
| theflyonthewall.com: | Fox's "American Idol" finale draws fewer viewers, WSJ reports | | Fox Broadcasting's (NWSA) "American Idol" aired its season finale on Wednesday but drew 27% fewer viewers than the same program a year earlier, according to the Nielsen, reports the Wall Street Journal. About 21.5M people watched the show vs. 29.2M last year. Still, the program remains the highest-rated TV series in the U.S. and will return for a 12th season next year. Reference Link :theflyonthewall.com |
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| 07:21 EDT | | DIS |
| theflyonthewall.com: | Sony's MIB3 looks to finally knock Disney's Avengers off top spot, LA Times says |
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| 07:21 EDT | | GS |
| theflyonthewall.com: | Goldman Sachs to start private REIT in Japan, WSJ reports | | With signs of an improving Tokyo property market, Goldman Sachs Group (GS) plans to launch a private real estate investment trust in Japan this summer, sources say, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
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| 07:05 EDT | | GS, BAC, MS, USB, C, WFC, JPM |
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| 06:38 EDT | | GOOG |
| theflyonthewall.com: | Google hires team leading HP's ENyo HTML 5 development project, AllThingsD says | | Google (GOOG) has hired a team of about half a dozen people leading HP's (HPQ) Enyo HTML 5 development project, sources tell AllThingsD. Google did not strike a deal with HP to buy the technology, a source says, but has been talking over the past month with individual workers. Reference Link :theflyonthewall.com |
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| 06:31 EDT | | NWSA |
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| 06:26 EDT | | BAC, JPM |
| theflyonthewall.com: | Options Update; May 25, 2012 | | CBOE Volatility Index-VIX down 28c to 22.05. Option volume leaders: HPQ BAC JPM AAPL according to Track Data. :theflyonthewall.com |
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| 06:15 EDT | | JPM |
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| 06:14 EDT | | MS, USB, WFC, BAC, C, JPM, GS |
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| 06:13 EDT | | BAC |
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| 06:09 EDT | | JPM |
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| 06:02 EDT | | BAC |
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| 06:01 EDT | | BAC |
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| 05:59 EDT | | MS |
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| 05:18 EDT | | C |
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May 24, 2012
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| 23:50 EDT | | MS, JPM, C |
| theflyonthewall.com: | Jim Cramer's "Mad Money" | | According to Jim Cramer, markets appear rigged, and the only losers appear to be the shareholders. Cramer questions....Was the Facebook (FB) IPO fair? With news that Morgan Stanley (MS) may have alerted some of its biggest customers about slowing growth at the company, it appears not. Were investors at J.P. Morgan Chase (JPM) misled by CEO Jamie Dimon, who repeatedly said things were going great even though the company was in the process of losing $5B? It appears so, Cramer says. Cramer said it gets even worse: Both Morgan Stanley and J.P. Morgan will use shareholder money to investigate and defend themselves against any wrongdoing -- and to pay the fines, too. Cramer said companies get away with stunts like this because the system is broken and Washington isn't doing anything to fix it. Cramer said the bad apples on Wall Street must pay for their actions, and that will only happen if the government starts targeting them directly. Next, Cramer wasn't done with suggestions for J.C. Penney (JCP) CEO Ron Johnson on how to revive the ailing retailer. After comparing J.C. Penney's turnaround attempt to that of Pier 1 Imports (PIR) on Monday, Cramer then compared Penney to the turnaround in Chico's FAS (CHS). Chico's reshuffled its merchandise and took the rare step of raising prices in order to attract its core, older customers while shunning a younger demographic. This strategy worked. Chico's reported a 21% pop in yoy revenue with a 9.6% increase in same store sales. Cramer concluded. J.C. Penney needs to stop pandering to Wall Street and get to work on the almost impossible task of a retail turnaround. Investors need to play defense with their portfolios, Cramer told viewers. That means high-quality domestic companies with no exposure to the trials and tribulations of Europe and a juicy dividend yield. B&G Foods (BGS) is one such company. It has the unique talent of being able to reinvigorate brands. In an environment where commodity costs are falling, Cramer said that B&G, with its excellent balance sheet and great gross margins, is in a terrific position to surprise Wall Street. Shares trade at just 15x earnings and the company has a 12% long-term growth rate. SELL BLOCK: Cramer highlighted several stocks that investors need to avoid at all costs. Best Buy (BBY) has a broken business model. First Solar (FSLR) government subsidies are drying up quick. Cramer also put three stocks in the penalty box, saying investors need to wait at least one quarter before pulling the trigger. He said Mako Surgical (MAKO) stumbled in its last quarter, so he needs to see whether bigger problems exist. The same applies to Deckers Outdoor (DECK) where the company's Ugg boots may or may not be making a comeback. Finally, Cramer thinks Fossil (FOSL), which is levered to Europe, is another wait-and-see situation. In a special interview, Cramer sat down with CNBC colleague David Faber to discuss Faber's latest documentary on J. Crew (JCG) CEO Millard Drexler, which debuts Thursday evening. Faber said Drexler, while unknown to many, is one of the greatest retailers of our generation. He said Drexler's work turning around Gap (GPS) would have been noteworthy enough, but Drexler has continued to innovate and succeed in the cut-throat retail world. LIGHTNING ROUND: (Bullish) V; KOG ; EA. (Bearish) GLW; FB; TVIX; GME; C. Reference Link :theflyonthewall.com |
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| 17:03 EDT | | MS |
| theflyonthewall.com: | Morgan Stanley says reconciliation from Facebook trades may go into next week |
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| 16:59 EDT | | MS |
| theflyonthewall.com: | Morgan Stanley: No one to pay more than $43 on Facebook stock opening,CNBC says | | This was reported by CNBC. :theflyonthewall.com |
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| 15:44 EDT | | MS |
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| 15:11 EDT | | C |
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| 15:04 EDT | | GOOG |
| theflyonthewall.com: | Google says Microsoft leads request to take content off search, Bloomberg says |
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| 13:45 EDT | | GS |
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| 13:12 EDT | | GOOG |
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| 13:12 EDT | | NWSA |
| theflyonthewall.com: | Hannity signs multi-year deal with FOX News | | FOX News has signed Sean Hannity to a new multi-year deal where he will continue as the host of Hannity and extend his tenure at the network past the 20-year mark, announced Roger Ailes, Chairman and CEO of the network. :theflyonthewall.com |
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| 13:12 EDT | | GOOG |
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| 12:37 EDT | | C |
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| 12:28 EDT | | C |
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| 11:08 EDT | | C |
| theflyonthewall.com: | Citigroup to sell stake in Akbank worth about $1.27B, Bloomberg reports | | :theflyonthewall.com |
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| 10:39 EDT | | LNKD |
| theflyonthewall.com: | LinkedIn expected in-line quarter could be a disappointment, says Majestic | | In a pre-open note, Majestic Research said they expect LinkedIn to have a relatively in-line Q1 of $213M in revenues vs. consensus $216M. The firm believes an in-line quarter could be viewed as a disappointment given investors have become accustom to upside from the company but it believe long-term trends remain positive. Shares :theflyonthewall.com |
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| 10:36 EDT | | GS |
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| 10:35 EDT | | GS |
| theflyonthewall.com: | All Goldman shareholder proposals fail, CNBC reports, citing sources | | :theflyonthewall.com |
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| 10:35 EDT | | GS |
| theflyonthewall.com: | All Goldman Sachs directors elected, shareholder proposals fail, CNBC reports |
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| 10:33 EDT | | GOOG |
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| 10:04 EDT | | GOOG |
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| 09:41 EDT | | BAC |
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| 08:57 EDT | | C |
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| 08:16 EDT | | GOOG |
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| 07:51 EDT | | BAC |
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| 07:47 EDT | | GOOG |
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| 07:29 EDT | | USB |
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| 07:29 EDT | | MS |
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| 07:26 EDT | | GOOG |
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| 07:08 EDT | | JPM |
| theflyonthewall.com: | Manufacturers complain to SEC about JP Morgan copper ETF plan, FT says | | U.S. manufacturers sent a letter to the Securities and Exchange Commission stating that a planned exchange-traded fund backed by physical copper from JP Morgan (JPM) could “grossly and artificially inflate prices” and “wreak havoc on the US and global economy,” reported Financial Times. Reference Link :theflyonthewall.com |
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| 06:34 EDT | | GOOG |
| theflyonthewall.com: | Google's to ship 600,000 units of new 7-inch tablet in June, Digitimes reports |
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| 06:30 EDT | | GOOG |
| theflyonthewall.com: | Chinese mobile phone users hit 1.03B, Digitimes reports | | As of the end of April, there were 1.03B mobile phone subscribers in China, with 15.43% of them 3G users, according to Digitimes. Reference Link :theflyonthewall.com |
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| 06:15 EDT | | GS |
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| 06:13 EDT | | NWSA |
| theflyonthewall.com: | News Corp. drops out of race to buy ATV, Reuters reports | | According to sources close to the process, News Corp (NWSA) is out of the race to buy Turkey's ATV television from Calik Holding, Reuters reports. Time Warner (TWX) and Dubai-based Abraaj Capital remain interested in bidding. Reference Link :theflyonthewall.com |
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| 06:03 EDT | | MS |
| theflyonthewall.com: | Congressional panels review Facebook IPO, AP reports | | Two congressional panels are set to review Facebook's (FB) IPO amid allegations that Morgan Stanley (MS) may have provided only select clients with a negative assessment of the company, the Associated Press reports. Sen. Tim Johnson, D-SD, the chairman of the Senate Banking Committee, says his panel is learning more about the IPO, and the House Financial Services Committee is also gathering information. Reference Link :theflyonthewall.com |
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May 23, 2012
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| 16:02 EDT | | BAC |
| theflyonthewall.com: | Options Update; May 23, 2012 | | CBOE Volatility Index-VIX down 10c to 22.39. Option volume leaders today: INTC BAC MSFT DELL AAPL according to Track Data. :theflyonthewall.com |
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| 15:06 EDT | | MS, BAC, USB, JPM, C, WFC, GS |
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| 14:54 EDT | | GOOG |
| theflyonthewall.com: | Google heading for highs of the day, resistance at $610.82, its 10-day MA | | :theflyonthewall.com |
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| 14:42 EDT | | GOOG |
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| 14:05 EDT | | GOOG |
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| 13:58 EDT | | GOOG |
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| 13:57 EDT | | GOOG |
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| 12:55 EDT | | GOOG |
| theflyonthewall.com: | Apple, Samsung fail to reach deal, Korea Times reports | | The CEOs of Apple (AAPL) and Samsung were unable to resolve their legal differences during a two-day, court-ordered meeting, accoridng to The Korea Times, which cited an unnamed Samsung official. Reference Link :theflyonthewall.com |
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| 11:53 EDT | | MS |
| theflyonthewall.com: | IPO underwriters made $100M in stabilizing Facebook trading, WSJ reports | | Morgan Stanley (MS) and other underwriters made about $100M in profits from stabilizing shares of Facebook (FB) since trading began on Friday, the Wall Street Journal reports, citing people familiar with the matter. The gains, which are on top of any IPO fees, are expected to be offset partially by client reimbursements due to technical trading glitches, a source told the Journal. Reference Link :theflyonthewall.com |
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| 11:45 EDT | | GOOG |
| theflyonthewall.com: | Microsoft to launch Office for IPad and Android tablet this year, BGR says | | Microsoft (MSFT) is planning to release its Office suits for Apple's (AAPL) iPad and Google's (GOOG) Android tablets, reports Boy Genius Report. According to a reliable source, the company is hoping to release the suite for November of this year. Reference Link :theflyonthewall.com |
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| 10:30 EDT | | MS |
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| 10:11 EDT | | GOOG |
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| 09:41 EDT | | BAC |
| theflyonthewall.com: | Active equity option families in first 10-minutes | | Active equity option families in first 10-minutes of trading according to Track Data are: AAPL DELL BAC F. :theflyonthewall.com |
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| 09:41 EDT | | JPM |
| theflyonthewall.com: | JPMorgan says Joseph A. Walker to rejoin as vice chairman of investment banking |
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| 09:29 EDT | | USB, JPM, GS, WFC, MS, C, BAC |
| theflyonthewall.com: | Facebook, banks sued by shareholders, Reuters says | | A group of Facebook (FB) shareholders have filed a lawsuit against the social networking giant, its CEO Mark Zuckerberg, and several banks led by Morgan Stanley (MS), according to Reuters. The plaintiffs are alleging that the defendants hid Facebook's reduced growth outlook ahead of the IPO, the news service explains. Reference Link :theflyonthewall.com |
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| 09:01 EDT | | DIS, NWSA |
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| 08:40 EDT | | BAC |
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| 08:23 EDT | | GOOG |
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| 08:10 EDT | | GOOG |
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| 07:30 EDT | | WFC, C |
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| 07:28 EDT | | GOOG |
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| 07:25 EDT | | GS, MS |
| theflyonthewall.com: | China wants its investment banks to rival Goldman, Morgan Stanley, Reuters says |
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| 07:22 EDT | | MS, JPM, GS, C, WFC, BAC, USB |
| theflyonthewall.com: | CFTC probing JP Morgan's losses, Washington Post reports | | The Commodity Futures Trading Commission, or CFTC, is probing JP Morgan's (JPM) recent investment losses, the commission's chairman, Gary Gensler, said yesterday, according to The Washington Post. Gensler said that the losses "strongly suggest" that foreign affiliates of U.S. financial firms shouldn't be exempted from new derivative regulations, the newspaper added. Reference Link :theflyonthewall.com |
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| 07:22 EDT | | C, JPM, WFC, USB, BAC, GS, MS |
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| 07:13 EDT | | DIS, GOOG, NWSA |
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| 07:13 EDT | | MS, GS |
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| 06:58 EDT | | GOOG, DIS |
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| 06:36 EDT | | GOOG |
| theflyonthewall.com: | ITC judge: Xbox consoles should be banned from import into U.S., CNet reports |
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| 06:27 EDT | | USB, JPM |
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| 06:22 EDT | | JPM |
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| 06:19 EDT | | GOOG |
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| 06:16 EDT | | JPM |
| theflyonthewall.com: | Zames in "strong position" to eventually succeed JPMorgan's Dimon, FT reports |
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| 06:15 EDT | | GOOG, MS, GS |
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| 06:07 EDT | | MS |
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| 06:03 EDT | | MS |
| theflyonthewall.com: | Before float, Facebook advsied analysts to cut forecasts, Reuters reports | | According to people with direct knowledge of the situation, Facebook (FB) advised analysts for underwriters to cut earnings and revenue forecasts before the company's $16B IPO, Reuters reports. Facebook told analysts to reduce estimates after consulting with adviser Morgan Stanley (MS) and due to feedback during its investor roadshow which suggested users were opting for mobile devices, which generate less advertising revenue. Reference Link :theflyonthewall.com |
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| 05:41 EDT | | JPM |
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May 22, 2012
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| 17:55 EDT | | MS |
| theflyonthewall.com: | Secy. of the Commonwealth of Massachusetts subpoenas Morgan Stanley | | Secretary of the Commonwealth William F. Galvin said his office's Securities Division issued a subpoena to Morgan Stanley (MS) in connection with the discussions by their analyst with certain institutional investors about the revenue prospects for Facebook (FB) prior to that company's initial public offering last week. :theflyonthewall.com |
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| 17:44 EDT | | MS |
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| 17:16 EDT | | MS |
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| 16:23 EDT | | MS |
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| 16:00 EDT | | BAC, JPM |
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| 14:40 EDT | | MS |
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| 13:58 EDT | | MS |
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| 13:44 EDT | | JPM |
| theflyonthewall.com: | JPMorgan said to retain William McLucas for CIO investigations, Bloomberg says |
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| 13:15 EDT | | JPM |
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| 13:15 EDT | | GS, JPM |
| theflyonthewall.com: | Owner of Getty Images considering sale, IPO, FT reports | | Hellman & Friedman, the private-equity fund owner of Getty Images, is working with Goldman Sachs (GS) and JP Morgan (JPM) to examine a possible sale or IPO of the business which was taken private four years ago, the Financial Times reports. Five people familiar with the plans say a sale or public offering could value the business at up to $4B. Getty may draw takeover interest from private equity funds, potentially KKR (KKR), one person says. Reference Link :theflyonthewall.com |
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| 11:50 EDT | | JPM |
| theflyonthewall.com: | SEC probing appropriateness, completeness of JPMorgan reporting, Reuters says |
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| 10:37 EDT | | C |
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| 10:35 EDT | | LNKD |
| theflyonthewall.com: | LinkedIn reverses from recent downtrend, resistance at $107.13, its 10-day MA | | :theflyonthewall.com |
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| 10:29 EDT | | GOOG |
| theflyonthewall.com: | Yelp, eBay asked for info in U.S. competition probe of Google, Bloomberg says |
Subscribe for More Information :theflyonthewall.com |
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| 10:17 EDT | | JPM |
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| 10:16 EDT | | GOOG |
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| 10:00 EDT | | LNKD |
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| 09:46 EDT | | GS |
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| 09:41 EDT | | JPM |
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| 09:06 EDT | | C |
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| 09:01 EDT | | WFC |
| theflyonthewall.com: | Wells Fargo targeting payout ratio 50%-65% after reaching target cap. structure | | Says targeting a total payout ratio of 50%-65% after it reaches its target capital structure. Comments from slides that will be presented at the company's 2012 Investor Day. :theflyonthewall.com |
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| 08:56 EDT | | GOOG |
| theflyonthewall.com: | Google announces closing of Motorola Mobility acquisition | | Google (GOOG) announced that the acquisition of Motorola Mobility Holdings (MMI) has closed, with Google acquiring MMI for $40.00 per share in cash. The acquisition will enable Google to supercharge the Android ecosystem and will enhance competition in mobile computing. Motorola Mobility will remain a licensee of Android and Android will remain open. Google will run Motorola Mobility as a separate business. Sanjay Jha, who revived Motorola's Mobile Devices business and led the company through this acquisition, has stepped down as CEO, although he will continue to work with Google to help ensure a smooth transition. Dennis Woodside, who has overseen integration planning for the acquisition and previously served as President of Google's Americas region, has become CEO of Motorola Mobility. :theflyonthewall.com |
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| 08:20 EDT | | GOOG |
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| 08:13 EDT | | JPM |
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| 07:57 EDT | | JPM |
| theflyonthewall.com: | JPMorgan price target cut to $50 from $55 at Credit Suisse | | Credit Suisse lowered JPMorgan estimates following news that the share buyback has been placed on hold. Shares remain Outperform rated. :theflyonthewall.com |
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| 07:56 EDT | | WFC |
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| 07:47 EDT | | BAC, C, GS, JPM, WFC, MS |
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| 07:47 EDT | | JPM |
| theflyonthewall.com: | JPMorgan price target lowered to $46 from $54 at UBS | | UBS reduced JPMorgan estimates citing the suspension of the stock buyback program but said valuation remains compelling. Shares are Buy rated. :theflyonthewall.com |
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| 07:46 EDT | | LNKD |
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| 07:46 EDT | | GOOG |
| theflyonthewall.com: | Google CEO critical of Facebook being "closed" with data, VentureBeat reports | | Google (GOOG) CEO Larry Page criticized Facebook (FB) for its data sharing policies and cooperation, saying, "it’s been unfortunate that Facebook has been pretty closed with their data,” in an interview with PBS' Charlie Rose, reported VentureBeat. Reference Link :theflyonthewall.com |
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| 07:45 EDT | | BAC, C, JPM |
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| 07:28 EDT | | JPM |
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| 07:24 EDT | | JPM |
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| 07:18 EDT | | MS |
| theflyonthewall.com: | Morgan Stanley lowered Facebook revenue forecasts before IPO, Reuters reports | | Just before Facebook's (FB) $16B IPO, Morgan Stanley (MS), the deal's lead underwriter, unexpectedly told major clients that the bank's consumer Internet analyst was reducing his revenue forecasts for the company, reports Reuters. Reference Link :theflyonthewall.com |
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| 07:15 EDT | | USB, C, JPM, WFC, GS, MS, BAC |
| theflyonthewall.com: | U.S allows China to go around Wall Street to buy government debt, Reuters says | | China can now bypass Wall Street when buying U.S. government debt and go directly to the U.S. Treasury, in what is the Treasury's first direct relationship with a foreign government, according to documents seen by Reuters. Reference Link :theflyonthewall.com |
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| 07:10 EDT | | BAC, MS, GS |
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| 07:09 EDT | | BAC, GS, JPM |
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| 06:54 EDT | | GS, MS, C, BAC, USB, WFC, JPM |
| theflyonthewall.com: | NY regulators investigating mortgage insurers' payments to banks, NY Times says | | New York State regulators are probing whether two insurance companies- Assurant (AIZ) and QBE Insurance - made improper payments to banks in order to obtain a dominant position in a type of mortgage insurance called force-placed insurance, according to The New York Times. Reference Link :theflyonthewall.com |
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| 06:48 EDT | | BAC |
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| 06:21 EDT | | GOOG |
| theflyonthewall.com: | EU gives Google chance to settle suit, WSJ reports | | European antitrust regulators identified four areas of concern about Google (GOOG)'s business practices, but gave the Internet giant the opportunity to offer concessions to settle the case, reports the Wall Street Journal. These aren't formal charges and don't mean the EU Competition commission found that the company is breaking EU competition law. Reference Link :theflyonthewall.com |
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| 06:15 EDT | | MS, GS, BAC, JPM |
| theflyonthewall.com: | On the Fly: Periodicals Wrap-Up | | WALL STREET JOURNAL: JPMorgan Chase's (JPM) recent trading mistakes are becoming a boon for some of its major competitors, including Goldman Sachs (GS) and Bank of America (BAC), who have scored profits that could total $500M-$1B on trades that sometimes put them directly against J.P. Morgan's chief investment office, sources say, the Wall Street Journal reports...The Organization for Economic Cooperation and Development today cut its forecasts for growth across the euro zone for this year and next, and warned that the area's debt crisis could pull it into a downward spiral without the right policy action, the Wall Street Journal reports...REUTERS: China can now bypass Wall Street when buying U.S. government debt and go directly to the U.S. Treasury, in what is the Treasury's first direct relationship with a foreign government, according to documents seen by Reuters...Just before Facebook's (FB) $16B IPO, Morgan Stanley (MS), the deal's lead underwriter, unexpectedly delivered negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company, Reuters reports...BLOOMBERG: The types of derivative swaps said to have led to a loss of at least $2B at JPMorgan Chase (JPM) may be the first for which the U.S. Commodity Futures Trading Commission would require guarantees by clearinghouses under the Dodd-Frank Act, according to the CFTC chairman Gary Gensler, Bloomberg reports...Metlife (MET) may target annuities and U.S. retail life insurance for cost cuts as CEO Kandarian unveils his plan to improve returns, Bloomberg reports. :theflyonthewall.com |
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| 04:48 EDT | | GOOG, JPM |
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May 21, 2012
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| 17:22 EDT | | GOOG |
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| 16:16 EDT | | JPM |
| theflyonthewall.com: | On The Fly: Closing Wrap | | Stocks on Wall Street were higher in spite of Facebook (FB) breaking its IPO pricing. Stock futures were higher throughout the premarket trading session as the market got ready to bounce from its two week tailspin. There was little reaction to the better than expected Chicago Fed National Activity Index but the futures action led to a higher open for the broader market. The averages began the day slightly higher but moved firmly into the green shortly after midmorning. The market then moved in a narrow range for most of the session, but with an upward trend, as the market finally broke its losing streak... ECONOMIC EVENTS: Domestically, the Chicago Fed National Activity Index rose to +0.11 for the month of April from -0.29 in March... COMPANY NEWS: Facebook shares fell below their $38 issue price in premarket trading and continued to slide as much as 13.7% before finding a level near $33. In its second day of trading the stock closed down $4.20, or 10.99%, at $34.03... Yahoo! (YHOO) agreed to sell half of its 40% stake in Chinese e-commerce group Alibaba for about $7.1B and laid out a joint agreement for a plan to dispose of the remainder of its stake over time. Yahoo did not give exact plans for what it will do with the proceeds, expected to be about $4.2B after taxes, but did increase its share repurchase authorization by $5B concurrently with the transaction... JP Morgan (JPM) slid close to another 3% as the company's CEO Jamie Dimon announced at an investor conference that the bank is suspending its share repurchase program for the time being as it works to strengthen its capitalization ahead of new regulations... MAJOR MOVERS: Among the notable gainers were Cooper Industries (CBE), up $14.04, or 25.14%, to $69.88, after agreeing to be acquired by Eaton Corporation (ETN) in a cash and stock deal valued at $72.00 per share, and Krispy Kreme (KKD), up 61c, or 10.15%, to $6.62, following its report of better than expected earnings. Also higher were shares of Westport Innovations (WPRT), up $2.83, or 11.93%, to $26.56, as Craig-Hallum said in a note to investors that the firm sees more catalysts heading into Westport's analyst day later this week and continues to recommend the stock as the shift towards natural gas in trucking is hitting a tipping point. Noteworthy losers included Lowe's (LOW), down $2.88, or 10.11%, to $25.60, after its sales and profits beat estimates but its yearly earnings guidance came in below consensus, and BlackRock (BLK), down $4.18, or 2.43%, to $167.73, as Barclays (BCS) announced plans to sell its entire 19.6% stake in the alternative investment manager... INDICES: The Dow gained 135.10, or 1.09%, to 12,504.48; the Nasdaq rose 68.42, or 2.46%, to 2,847.21; and the S&P 500 added 20.77, or 1.60%, to 1,315.99. :theflyonthewall.com |
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| 16:15 EDT | | BAC |
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| 16:07 EDT | | C, BAC |
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| 14:55 EDT | | BAC |
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| 14:37 EDT | | BAC |
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| 13:51 EDT | | GOOG |
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| 13:20 EDT |  | JPM |
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| 11:47 EDT | | GOOG |
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| 11:05 EDT | | GOOG |
| theflyonthewall.com: | Motorola Mobility says acquisition by Google to close within two business days |
Subscribe for More Information :theflyonthewall.com |
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| 10:53 EDT | | DIS |
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| 10:50 EDT | | DIS |
| theflyonthewall.com: | CBS sports reaches multi-year agreement with ESPN | | :theflyonthewall.com |
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| 10:34 EDT | | GS, BAC, MS, C, JPM |
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| 10:02 EDT | | JPM |
| theflyonthewall.com: | JPMorgan's Dimon: Greek default not the problem, Greece leaving euro is problem |
Subscribe for More Information :theflyonthewall.com |
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| 09:57 EDT | | JPM |
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| 09:56 EDT | | JPM |
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| 09:51 EDT | | JPM |
| theflyonthewall.com: | Dimon says main issue with Volcker rule is it makes U.S. banks unable to compete |
Subscribe for More Information :theflyonthewall.com |
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| 09:46 EDT | | JPM |
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| 09:44 EDT | | BAC, C |
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| 09:43 EDT | | GOOG |
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| 09:40 EDT | | JPM |
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| 09:39 EDT | | JPM |
| theflyonthewall.com: | JPMorgan's Dimon doesn't see investigation into trading unveiling big surprises |
Subscribe for More Information :theflyonthewall.com |
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| 09:37 EDT | | JPM |
| theflyonthewall.com: | Dimon says company "obviously made mistake," sees incident as "isolated" | | Says all JPMorgan businesses seem to be gaining share. :theflyonthewall.com |
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| 09:36 EDT | | LNKD |
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| 09:35 EDT | | JPM |
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| 09:34 EDT | | JPM |
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| 08:51 EDT | | NWSA |
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| 08:10 EDT | | BAC |
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| 08:07 EDT | | CSCO |
| theflyonthewall.com: | RGB Networks, BlackArrow enable targeted advertising delivery for TV Everywhere |
Subscribe for More Information :theflyonthewall.com |
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| 07:53 EDT | | GOOG |
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| 07:50 EDT | | JPM |
| theflyonthewall.com: | Pier 1 Imports recent weakness creates buying opportunity, says Wells Fargo | | Wells Fargo believes that the switch of Pier 1's (PIR) private label credit card to Alliance Data Systems (ADS) from Chase (JPM) and the launch of Pier 1's full e-commerce website in July could generate 20c-30c in additional EPS over time. The firm reiterates an Outperform rating on the stock. :theflyonthewall.com |
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| 07:49 EDT | | DIS |
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| 07:32 EDT | | GS, C, USB, WFC, JPM, BAC, MS |
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| 07:25 EDT | | GS |
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| 07:18 EDT | | JPM |
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| 07:17 EDT | | GS |
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| 07:15 EDT | | MS |
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| 07:11 EDT | | JPM |
| theflyonthewall.com: | JPMorgan chief risk officer had earlier losses in same unit, WSJ reports | | Irvin Goldman, the JPMorgan (JPM) chief risk officer who oversaw risk management at the unit responsible for trading mistakes that cost the bank at least $2B this year, earlier lost millions while trading for the same unit, sources say, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
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| 07:09 EDT | | USB, BAC, MS, JPM, GS, C, WFC |
| theflyonthewall.com: | Investors can't get enough of U.S. Treasurys, WSJ reports | | Investors in U.S. Treasurys have a good chance of losing money over time, yet they can't seem to get enough of them as Treasury prices move higher and yields fall to near-record lows, reports the Wall Street Journal.Reference Link :theflyonthewall.com |
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| 07:05 EDT | | DIS |
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| 06:55 EDT | | JPM |
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| 06:54 EDT | | GOOG |
| theflyonthewall.com: | Google Chrome overtakes Internet Explorer as most used browser, TheNextWeb says | | Google (GOOG) Chrome has overtook Microsoft's (MSFT) Internet Explorer as the most used browser, reports TheNextWeb, citing data from Statcounter. Firefox, Safari, and Opera completed the top five respectively. Reference Link :theflyonthewall.com |
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| 06:39 EDT | | NWSA, DIS |
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| 06:31 EDT | | BAC |
| theflyonthewall.com: | Bank of America downgraded to Underperform from Market Perform at JMP Securities |
Subscribe for More Information :theflyonthewall.com |
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| 06:31 EDT | | C |
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| 06:31 EDT | | JPM |
| theflyonthewall.com: | JPMorgan downgraded to Underperform from Market Perform at JMP Securities | | JMP Securities expects bulge-bracket firms earnings to fall significantly in 2012 due to the increasingly risky situation in Europe. As a result, the firm downgraded Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JP Morgan (JPM), and Morgan Stanley to Underperform. :theflyonthewall.com |
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| 06:31 EDT | | MS |
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| 06:30 EDT | | GS |
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| 06:29 EDT | | MS, GS |
| theflyonthewall.com: | Formula One to begin pre-marketing for $3B IPO, Reuters reports | | Motor racing firm Formula One will start pre-marketing for its up to $3B Singapore IPO tomorrow after receiving approval from the city's stock exchange for the deal, sources say, reports Reuters. The IPO is set to be priced before the end of June. Goldman Sachs (GS), Morgan Stanley (MS) and UBS (UBS) were hired to lead the IPO. Reference Link :theflyonthewall.com |
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| 06:18 EDT | | JPM, GS, MS |
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| 05:44 EDT | | JPM |
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May 20, 2012
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| 17:31 EDT | | JPM |
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| 10:23 EDT | | JPM |
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| 09:55 EDT | | GOOG |
| theflyonthewall.com: | If not supported, Facebook could fall below its offering price, Barron's says |
Subscribe for More Information :theflyonthewall.com |
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|
May 19, 2012
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| 16:09 EDT | | GOOG |
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|
May 18, 2012
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| 16:02 EDT | | JPM, C, BAC |
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| 15:45 EDT | | JPM |
| theflyonthewall.com: | MF Global trustee says JPMorgan returns about $168M in cash, Bloomberg reports |
Subscribe for More Information :theflyonthewall.com |
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| 15:33 EDT | | MS |
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| 15:31 EDT | | C |
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| 15:28 EDT | | GS |
| theflyonthewall.com: | Goldman Sachs volatility spikes as shares trend lower | | Goldman Sachs June put option implied volatility is at 45, July is at 47; above its 26-week average of 36 according to Track Data, suggesting larger price movement. :theflyonthewall.com |
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| 11:39 EDT | | LNKD |
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| 10:31 EDT | | JPM |
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| 10:27 EDT |  | MS |
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| 10:22 EDT | | GOOG |
| theflyonthewall.com: | Samsung received 9M pre-orders for Galaxy S III, androidcentral says | | Samsung has received 9M pre-orders for its Galaxy S III smartphone, according to androidcentral, which cited a statement made by a Samsung executive to the Korea Economic Daily. The Galaxy S II sold 20M phones in total, androidcentral noted. Both phones utilize Google's (GOOG) Android operating system. Reference Link :theflyonthewall.com |
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| 09:41 EDT | | BAC, JPM |
| theflyonthewall.com: | Active equity option families in first 10-minutes | | Active equity option families in first 10-minutes of trading according to Track Data are: AAPL JPM BAC INTC. :theflyonthewall.com |
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| 08:45 EDT | | LNKD |
| theflyonthewall.com: | LinkedIn volatility flat into Facebook IPO | | LinkedIn (LNKD) overall option implied volatility of 63 is near its 26-week average according to Track Data, suggesting non-directional price movement into Facebook (FB) IPO. :theflyonthewall.com |
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| 08:40 EDT | | GOOG |
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| 08:07 EDT | | CSCO |
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| 07:47 EDT | | DIS |
| theflyonthewall.com: | "Avengers" likely to beat "Battleship" at weekend box office, LA Times reports | | Disney's (DIS) "The Avengers" is expected to top the weekend box office again with about $50M in ticket sales, the LA Times reports. The movie will have grossed more than $400M int he U.S. and Canada alone by Sunday. Meanwhile, "Battleship" from Universal Pictures (CMCSA) will likely start off with $40M int icket sales. Reference Link :theflyonthewall.com |
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| 07:19 EDT | | MS, USB, WFC, C, JPM, BAC, GS |
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| 06:57 EDT | | MS |
| theflyonthewall.com: | Morgan Stanley upgraded at UBS | | As previously reported, UBS upgraded Morgan Stanley to Buy from Neutral. The firm upgraded shares citing valuation. Price target cut to $19 from $21. :theflyonthewall.com |
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| 06:45 EDT | | GOOG |
| theflyonthewall.com: | Google not giving clear statistics about Google+ activity, Business Insider says |
Subscribe for More Information :theflyonthewall.com |
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| 06:43 EDT | | MS |
| theflyonthewall.com: | Morgan Stanley upgraded to Buy from Neutral at UBS | | :theflyonthewall.com |
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| 06:39 EDT | | GS, MS, JPM |
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| 06:04 EDT | | GS |
| theflyonthewall.com: | Goldman Sachs hired by Spain to carry out valuation of Bankia, Reuters reports | | Goldman Sachs (GS) has been hired by the Spanish government to carry out an independent valuation of Bankia, Reuters reports, citing Spanish newspaper Expansion. Goldman will review the books of Bankia and its parent company BFA and determine within a month how much the state should inject to refloat the lender. Bank's financial hole may reach EUR8B on top of EUR10B that it needs to set aside to cover potential losses on real estate assets, Expansion says. Reference Link :theflyonthewall.com |
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|
May 17, 2012
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| 16:13 EDT | | JPM, C, BAC |
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| 15:56 EDT | | JPM |
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| 15:19 EDT | | JPM |
| theflyonthewall.com: | JP Morgan CEO to be called to testify before senate banking committee, WSJ says | | :theflyonthewall.com |
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| 14:12 EDT | | JPM, C, WFC, BAC, MS, USB, GS |
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| 12:30 EDT | | GOOG |
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| 12:29 EDT | | BAC |
| theflyonthewall.com: | Stocks with call strike movement; CHK BAC | | Chesapeake (CHK) June 15 call volatility decreased 2%, Bank of America (BAC) June 12 call volatility increased 7% according to iVolatility. :theflyonthewall.com |
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| 11:43 EDT | | GS |
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| 10:43 EDT | | GOOG |
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| 09:40 EDT | | JPM, BAC |
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| 09:19 EDT | | GOOG |
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| 08:03 EDT | | WFC |
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| 08:00 EDT | | NWSA |
| theflyonthewall.com: | Missing News Corp. boxes part of hacking trial, Bloomberg reports | | Rebekah Brooks, the highest ranking News Corp. (NWSA) executive to be charged in the investigation that has seen about 50 people arrested on suspicion of involvement in voice-mail intrusion, police bribery or computer- hacking, is also at the center of an alleged seven boxes of missing evidence which prosecutors claim she was attempting to hide from the police, reports Bloomberg. Reference Link :theflyonthewall.com |
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| 07:22 EDT | | BAC |
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| 07:19 EDT | | MS, USB, C, JPM, BAC, WFC, GS |
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| 07:14 EDT | | WFC, MS |
| theflyonthewall.com: | Many firms stop selling Facebook shares ahead of IPO, Reuters reports | | Investors who want Facebook (FB) shares may have lost the opportunity as several firms including TD Ameritrade (AMTD), Fidelity's brokerage arm, Morgan Stanley (MS), E*Trade Financial (ETFC) and Wells Fargo (WFC) Advisors stopped accepting orders Tuesday evening, reports Reuters. Reference Link :theflyonthewall.com |
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| 07:09 EDT | | C, USB, GS, BAC, WFC, JPM, MS |
| theflyonthewall.com: | White House seeks to toughen bank rules, WSJ reports | | Following the losses at J.P. Morgan Chase (JPM), the White House is seeking to ensure a tough interpretation of a regulation designed to prevent banks from making bets with their own money, sources say, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
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| 07:00 EDT | | C, WFC, BAC, JPM, USB, GS |
| theflyonthewall.com: | Fitch: World's largest banks must raise $566B, NY Times says | | The world's 29 systemically important banks must raise a combined $566B in order to meet new capital requirements, Fitch Ratings said today, according to The New York Times. The figure represents a 23% increase over what the banks currently hold in reserve, the newspaper added. Reference Link :theflyonthewall.com |
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| 06:52 EDT | | JPM |
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| 06:38 EDT | | WFC, JPM, USB, C, GS, MS, BAC |
| theflyonthewall.com: | U.S. foreclosure filings fall to five year low, Bloomberg reports | | In April, foreclosure filings in the U.S. fell to a five year low as lenders sought to avoid seizing property and a housing recovery showed signs of taking hold, reports Bloomberg. The number of default, auction and seizure notices sent to homeowners last month was 188,780, down 14% from a year ago and 5% from March, according to RealtyTrac Inc. Reference Link :theflyonthewall.com |
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| 06:34 EDT | | GS |
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| 06:33 EDT | | GOOG |
| theflyonthewall.com: | Google introduces the Knowledge Graph | | On its official blog, Google (GOOG) has introduced the Knowledge Graph, which "enables you to search for things, people or places that Google knows about—landmarks, celebrities, cities, sports teams, buildings, geographical features, movies, celestial objects, works of art and more—and instantly get information that’s relevant to your query. This is a critical first step towards building the next generation of search, which taps into the collective intelligence of the web and understands the world a bit more like people do." Reference Link :theflyonthewall.com |
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| 06:30 EDT | | DIS, NWSA |
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| 06:25 EDT | | BAC, JPM |
| theflyonthewall.com: | Coty selects BofA Merrill, JPMorgan as underwriters for IPO, WSJ reports | | Coty has picked Bank of America Merrill Lynch (BAC) and JPMorgan Chase (JPM) as the lead underwriters for an IPO, likely this summer or in early fall, reports the Wall Street Journal. The IPO plan follows Coty's decision to walk away from its offer for Avon (AVP). Reference Link :theflyonthewall.com |
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| 06:23 EDT | | BAC |
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| 06:23 EDT | | BAC |
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| 06:15 EDT | | JPM, MS, WFC |
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| 06:10 EDT | | MS |
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| 06:09 EDT | | GOOG |
| theflyonthewall.com: | Iran plans to sue Google over dropping Persian Gulf name, AP reports | | Iran is planning to sue Google (GOOG) over dropping the Persian Gulf name on Google Maps, the Associated Press reports. Reference Link :theflyonthewall.com |
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| 06:04 EDT | | MS, BAC, JPM, C, WFC, GS, USB |
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| 05:21 EDT | | NWSA |
| theflyonthewall.com: | Twitter content incorporated into Factiva | | Select Twitter streams are now available in Factiva, providing customers with relevant and timely social content alongside its vast archive of traditional media sources and blogs. The selected Twitter streams complement the wide range of content in Factiva, including more than 35,000 leading media sources, of which 8,000 are top business blogs. Many of these leading sources are not available on the Web. Factiva is a unit of News Corp (NWSA). :theflyonthewall.com |
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| 00:23 EDT | | LNKD, BAC, GOOG, DIS |
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|
May 16, 2012
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| 16:16 EDT | | BAC |
| theflyonthewall.com: | Options Update; May 16, 2012 | | CBOE Volatility Index-VIX up 30c to 22.27. Option volume leaders today: MSFT BAC FCX AAPL according to Track Data. :theflyonthewall.com |
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| 16:03 EDT | | DIS, NWSA |
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| 15:16 EDT | | GS, C, WFC, MS, USB, BAC, JPM |
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| 13:59 EDT | | GOOG |
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| 13:52 EDT | | JPM |
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| 13:52 EDT | | JPM |
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| 13:42 EDT | | JPM |
| theflyonthewall.com: | JPMorgan earnings impact from trading loss manageable, says Deutsche Bank | | Deutsche Bank believes the impact to JPMorgan's earnings from its trading loss will be manageable, but cautions the regulatory fallout is hard to handicap. The firm maintains a Buy rating on JPMorgan shares with a $50 price target. :theflyonthewall.com |
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| 13:39 EDT | | JPM |
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| 13:19 EDT | | JPM |
| theflyonthewall.com: | JPMorgan trader Bruno Iksil leaving bank after loss, NY Times reports | | The JPMorgan (JPM) trader known as the London Whale, Bruno Iksil, is leaving the bank following the company's $2B trading loss, the New York Times reports, citing current and former traders who worked with him. Reference Link :theflyonthewall.com |
|
| 13:08 EDT | | GOOG |
| theflyonthewall.com: | Google launching search engine update, TechCrunch says | | Google (GOOG) is launching an ambitious search engine update today which will feature "large panels" containing more information on searched topics, says TechCrunch. Reference Link :theflyonthewall.com |
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| 12:42 EDT | | JPM |
| theflyonthewall.com: | FBI Director Mueller confirms JPMorgan probe, Reuters says | | Robert Mueller, Director of the FBI, confirms opening of JPMorgan (JPM) probe, says Reuters. Reference Link :theflyonthewall.com |
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| 12:32 EDT | | WFC |
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| 12:19 EDT | | MS |
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| 11:48 EDT | | MS |
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| 10:33 EDT | | CSCO |
| theflyonthewall.com: | On The Fly: Analyst Upgrade Summary | | Today's noteworthy upgrades include: Akamai (AKAM) upgraded to Neutral from Sell at Citigroup... Cisco (CSCO) upgraded to Overweight from Equal Weight at Barclays... Fossil (FOSL) upgraded to Buy from Neutral at Citigroup... Hollysys Automation (HOLI) upgraded to Buy from Neutral at Roth Capital... PepsiCo (PEP) upgraded to Outperform from Underperform at CLSA... Rowan Companies (RDC) upgraded to Outperform from Neutral at Macquarie... SandRidge Energy (SD) upgraded to Hold from Sell at Canaccord... Seadrill (SDRL) upgraded to Buy from Neutral at Citigroup... Simpson Manufacturing (SSD) upgraded to Neutral from Underperform at RW Baird... TE Connectivity (TE) upgraded to Outperform from Neutral at Macquarie... Weatherford (WFT) upgraded to Overweight from Neutral at JPMorgan... Dunkin' Brands (DNKN) upgraded to Buy from Hold at Argus... Total (TOT) upgraded to Equal Weight from Underweight at Morgan Stanley. :theflyonthewall.com |
|
| 10:25 EDT | | BAC, GS |
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| 10:15 EDT | | GOOG |
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| 10:11 EDT | | GOOG |
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| 10:04 EDT | | DIS |
| theflyonthewall.com: | Zynga CFO says EA, Disney still competitors in core social game space | | :theflyonthewall.com |
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| 09:40 EDT | | BAC |
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| 08:10 EDT | | GOOG |
| theflyonthewall.com: | Senate Commerce, Science and Transportation Committee to hold a hearing | | The Committee holds a hearing entitled, "Oversight of the Federal Communications Commission" where Senators are likely to question FCC Chairman Genachowski and Commissioners McDowell, Clyburn, Rosenworcel and Pai regarding the issues surrounding broadband access, the agency's regulations for on-line political ads and a review of Google's use of Wi-Fi technology. The hearing is being held on May 16 at 2:30 pm. Webcast Link :theflyonthewall.com |
|
| 07:53 EDT | | NWSA |
|
| 07:40 EDT | | NWSA, DIS |
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| 07:30 EDT | | DIS |
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| 07:15 EDT | | JPM |
| theflyonthewall.com: | JPMorgan trades weren't monitored by Comptroller of the Currency, Bloomberg says | | JPMorgan Chase's (JPM) individual trades that led to a $2B loss weren’t monitored by the Office of the Comptroller of the Currency, which said it didn’t expect to be notified about the positions, reports Bloomberg.Reference Link :theflyonthewall.com |
|
| 07:02 EDT | | WFC |
| theflyonthewall.com: | Wells Fargo expands insurance trust program to the UK and EU | | Wells Fargo has introduced, through its Wells Fargo Bank subsidiary, its insurance trust product in the United Kingdom and the EU. The Wells Fargo UK Insurance Trust offers an alternative to Letters of Credit specifically used as collateral for UK- and EU-based corporate insurance programs. :theflyonthewall.com |
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| 06:53 EDT | | JPM |
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| 06:30 EDT | | JPM |
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| 06:28 EDT | | GS |
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| 06:15 EDT | | JPM |
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| 06:13 EDT | | C |
| theflyonthewall.com: | FieldPoint Petroleum increases borrowing base from Citibank to $11.0M | | FieldPoint Petroleum's (FPP) borrowing base available to the company under its bank line of credit has been increased to $11.0M. This increase was approved following a routine year-end engineering review of the line by Citibank (C). :theflyonthewall.com |
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| 06:04 EDT | | MS |
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| 05:52 EDT | | CSCO |
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| 04:45 EDT | | LNKD, JPM, DIS |
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|
May 15, 2012
|
| 17:44 EDT | | GOOG |
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| 17:29 EDT | | BAC |
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| 16:56 EDT | | WFC |
| theflyonthewall.com: | Soros reports decreased stakes in InterOil, Motorola, Medicines Co, Wells Fargo |
Subscribe for More Information :theflyonthewall.com |
|
| 16:53 EDT | | GOOG |
| theflyonthewall.com: | Soros liquidates stake in Google, YPF SA, KeyCorp, Delta Air Lines | | :theflyonthewall.com |
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| 16:42 EDT | | CSCO |
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| 16:29 EDT | | WFC |
| theflyonthewall.com: | Berkshire Hathaway reports increased stakes in Wal-Mart, Wells Fargo, DirecTV |
Subscribe for More Information :theflyonthewall.com |
|
| 16:03 EDT | | JPM, BAC |
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| 15:23 EDT | | C |
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| 15:21 EDT | | C |
| theflyonthewall.com: | Citigroup April credit-card write-offs 5.93% vs. 4.79% last month | | :theflyonthewall.com |
|
| 14:25 EDT | | BAC |
|
| 14:24 EDT | | BAC |
| theflyonthewall.com: | Bank of America April net charge-offs 5.69% vs. 5.48% last month | | :theflyonthewall.com |
|
| 12:59 EDT | | GOOG |
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| 12:33 EDT | | DIS |
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| 12:15 EDT | | GOOG |
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| 12:02 EDT | | LNKD |
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| 11:39 EDT | | GOOG |
| theflyonthewall.com: | Judge dismisses juror in Oracle IP case, Bloomberg reports | | The judge says the trial will proceed with 11 jurors, Bloomberg reports. :theflyonthewall.com |
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| 11:35 EDT | | JPM |
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| 11:22 EDT | | JPM |
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| 11:22 EDT | | JPM |
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| 11:04 EDT | | JPM |
|
| 11:02 EDT | | GOOG |
| theflyonthewall.com: | Judge: Google shouldn't have to pay hundreds of millions to Oracle, Wired says | | Google (GOOG) shouldn't have to pay hundreds of millions of dollars for its violations of Oracle's (ORCL) copyrights, the judge presiding over the trial between the two companies said, Wired reported yesterday. However, it appears that separate juries will determine what the damages will be, and whether Google also violated two of Oracle's patents, the publication added. Reference Link :theflyonthewall.com |
|
| 10:44 EDT | | JPM |
| theflyonthewall.com: | Calpers, proxy firms want JPMorgan to split CEO, chairman roles, Reuters says |
Subscribe for More Information :theflyonthewall.com |
|
| 10:40 EDT | | JPM |
|
| 10:39 EDT | | JPM |
| theflyonthewall.com: | JPMorgan says mortgage losses continue to effect earnings | | :theflyonthewall.com |
|
| 10:35 EDT | | JPM |
|
| 10:11 EDT | | USB |
|
| 09:44 EDT | | BAC |
|
| 09:44 EDT | | JPM |
| theflyonthewall.com: | JPMorgan April card delinquencies 2.21% vs. 2.34% last month | | :theflyonthewall.com |
|
| 09:42 EDT | | JPM |
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| 07:56 EDT | | CSCO |
| theflyonthewall.com: | JP Morgan to host a conference | | 40th Annual Global Technology, Media & Telecom Conference is being held in Boston on May 15-17 with webcasted company presentations to begin on May 15 at 8 am; not all company presentations may be webcasted. Webcast Link :theflyonthewall.com |
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| 07:48 EDT | | JPM |
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| 07:35 EDT | | GOOG |
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| 07:17 EDT | | NWSA |
| theflyonthewall.com: | Former News International chief Brooks formally charged, FT reports | | The former chief of News Corp.'s (NWSA) News International unit, Rebekah Brooks, faces three charges of conspiracy to pervert the course of justice between July 6 2011 and July 19 2011 related to the investigation of alleged phone hacking and corruption by journalists at the company's papers, reported Financial Times. Reference Link :theflyonthewall.com |
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| 07:17 EDT | | MS |
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| 07:16 EDT | | C, MS |
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| 07:13 EDT | | JPM, WFC, MS, USB, C, BAC, GS |
| theflyonthewall.com: | President Obama: Wall Street needs reform, Reuters reports | | President Obama said the trading loss at JPMorgan Chase & Co. (JPM) illustrated the need for Wall Street reform and warned that the same kind of error at a less stable bank may have required government intervention, reports Reuters. Reference Link :theflyonthewall.com |
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| 06:54 EDT | | JPM |
| theflyonthewall.com: | JPMorgan bosses ignored warnings about trades, NY Times reports | | Some senior investment bankers and risk managers at JPMorgan (JPM) said they warned in recent years that the bank was making increasingly large and very complex trades, according to The New York Times. However, the bank's upper management, including CEO Jamie Dimon, backed such trades and thus ignored the warnings, the newspaper explained. Reference Link :theflyonthewall.com |
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| 06:52 EDT | | MS |
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| 06:47 EDT | | JPM |
| theflyonthewall.com: | JPMorgan considers claw back of bonuses after $2B loss, Bloomberg reports | | JPMorgan Chase & Co. (JPM) will consider reclaiming incentive pay from employees including former Chief Investment Officer Ina Drew after her unit had a $2B trading loss, two senior executives say, reports Bloomberg Reference Link :theflyonthewall.com |
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| 06:30 EDT | | BAC |
| theflyonthewall.com: | Judge won't delay Bank of America, Merrill Lynch case, Reuters reports | | In New York, U.S. District Judge Kevin Castel refused to delay the approval process for a controversial $20M settlement between Bank of America Corp. (BAC) directors and shareholders who accused the bank of overpaying for Merrill Lynch & Co., reports Reuters. Reference Link :theflyonthewall.com |
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| 06:23 EDT | | CSCO, GOOG |
| theflyonthewall.com: | Labor, power shortages could turn worse as notebook demand rises, DigiTimes says |
Subscribe for More Information :theflyonthewall.com |
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| 06:21 EDT | | CSCO, GOOG |
| theflyonthewall.com: | Qualcomm Snapdragon shortage forcing vendors to other options, DigiTimes says |
Subscribe for More Information :theflyonthewall.com |
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| 06:19 EDT | | GOOG |
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| 06:17 EDT | | GOOG, CSCO |
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| 06:14 EDT | | JPM |
| theflyonthewall.com: | JPMorgan CEO Dimon to meet shareholders today, CNNMoney says | | JPMorgan (JPM) CEO Jamie Dimon will go before shareholders at its annual meeting today following the disclosure of a $2B trading loss, reports CNNMoney. The shareholders will vote on proposals that include investments in Sudan and executive compensation. Reference Link :theflyonthewall.com |
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| 06:10 EDT | | JPM |
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| 06:09 EDT | | JPM |
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| 05:16 EDT | | NWSA |
| theflyonthewall.com: | Former News Corp. executive charged in phone hacking scandal, WSJ reports | | Former News Corp. executive Rebekah Brooks was charged with perverting the course of justice in relation to the phone hacking scandal at the company's U.K. newspaper unit, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
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| 05:03 EDT | | DIS, JPM |
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May 14, 2012
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| 16:41 EDT | | C, GOOG |
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| 16:06 EDT | | BAC, JPM |
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| 15:24 EDT | | JPM |
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| 15:23 EDT | | WFC |
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| 14:42 EDT | | GOOG |
| theflyonthewall.com: | Judge grants Apple request to consolidate, delay patent trial, Foss Patents says | | A Florida-based federal judge granted Apple's (AAPL) request to consolidate a patent lawsuit against it by Motorola Mobility (MMI) with Apple's patent lawsuit against HTC , according to Foss Patents. As a result, Motorola's lawsuit, originally scheduled to go to trial at the end of this year, is now not slated to be tried until April 2014, the publication added. Reference Link :theflyonthewall.com |
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| 14:14 EDT | | JPM |
| theflyonthewall.com: | Large investor group calls for overhaul of JPMorgan's risk committee, WSJ says |
Subscribe for More Information :theflyonthewall.com |
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| 14:12 EDT | | JPM |
| theflyonthewall.com: | JPMorgan to further shake up Chief Investment Office, CNBC reports | | :theflyonthewall.com |
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| 14:03 EDT | | JPM |
| theflyonthewall.com: | JPMorgan upgraded to Buy from Hold at Standpoint Research | | Price target is $43. :theflyonthewall.com |
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| 12:18 EDT | | GOOG |
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| 12:18 EDT | | JPM |
| theflyonthewall.com: | On The Fly: Midday Wrap | | Stocks on Wall Street were lower at midday, as investors worried about Europe and China. Stocks began the day sharply lower on the heels of a sell off in the European markets. The weakness overseas was attributed to concern over Greece’s inability to form a coalition government, putting its continued participation in the euro zone in greater doubt. The weakness spread to the U.S., where the financial sector remains in turmoil following JP Morgan’s (JPM) trading loss. The market opened lower but the selling intensified before finding a level where it began to recapture some of its losses. The market has essentially drifted off its lows to cut its losses in half... ECONOMIC EVENTS: In the U.S., there was little on the economic calendar to distract investors from worries about Europe and China. In Europe, the yields on 10-year Greek, Spanish and Italian bonds all climbed while German bond yields declined to historically low levels as fear continues to mount about the potential exit of Greece from the euro currency. Stock markets across Europe plunged as well. In China, the central bank took action over the weekend to stimulate slowing growth, as it announced plans to cut its bank reserve requirement by 0.5 percentage points the day after economic readings showed inflation, industrial production growth, spending and lending had all slowed... COMPANY NEWS: Yahoo! (YHOO) shares gained almost 3% after its CEO Scott Thompson relented to pressure and stepped down following a firestorm over a computer science degree he never received. The company also reached a deal with activist shareholder Dan Loeb of Third Point, who had initially disclosed Thompson's resume problems, as the company agreed to allow Loeb and two other Third Point nominees to join its board... Another recently embattled company, Chesapeake Energy (CHK), jumped 7% after the company said it had arranged for a $3B unsecured loan to aid its financial flexibility as it continues to sell off assets. Also, the Wall Street Journal reported that activist investor Carl Icahn will likely reveal he once again has increased his stake in Chesapeake, and the company said on its call to discuss its financing that it "wouldn't be surprised" if Icahn becomes a large shareholder... JPMorgan Chase (JPM) continues to deal with the fallout of its $2B trading loss, as the bank announced that its Chief Investment Officer Ina Drew will retire, to be replaced by Matt Zames, and the bank's stock fell another 2%... Best Buy (BBY) Chairman Richard Schulze will step down when his term ends after the company's investigation into its former CEO Brian Dunn found that Dunn violated policy by engaging in an inappropriate personal relationship with a female employee and Schulze failed to bring the matter to the board's audit committee when he first learned of the allegations... MAJOR MOVERS: Among the notable gainers were Golfsmith (GOLF), up 28%, after agreeing to be acquired by Canada's Golf Town for $6.10 per share in cash, and Citizens South Banking (CSBC), up 24%, following its announcement that it will merge with Park Sterling Corporation (PSTB). Also higher were shares of Avon (AVP), up more than 4%, after the company responded to the latest $24.75 per share buyout offer from Coty, but asked for another week to make a decision on the bid... Noteworthy losers included Ancestry.com (ACOM), down 13%, following NBC's decision not to renew the TV show "Who Do You Think You Are?", and InterOil (IOC), down 9%, after the company got notice from Papua New Guinea of the state's intention to cancel an LNG project agreement... INDICES: Near noon, the Dow was down 82.07, or 0.64%, to 12,738.53; the Nasdaq was down 16.01, or 0.55%, to 2,917.81; and the S&P 500 was down 9.14, or 0.68%, to 1,344.25. :theflyonthewall.com |
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| 11:05 EDT | | C, BAC, WFC, USB, JPM, MS, GS |
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| 10:46 EDT | | JPM |
| theflyonthewall.com: | White House says cannot go into detail about JPMorgan situation, Reuters reports | | The White House says it cannot go into detail about the situation because of the SEC investigation, but says the large trading losses reinforces the need to fully implement Wall Street reform, Reuters reports. :theflyonthewall.com |
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| 09:43 EDT | | JPM |
| theflyonthewall.com: | JPMorgan gaps open on downside, support is at $34.99 | | :theflyonthewall.com |
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| 09:42 EDT | | WFC, JPM |
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| 09:06 EDT | | JPM |
| theflyonthewall.com: | JPMorgan says Ina Drew to retire, will be succeeded by Matt Zames | | JPMorgan Chase says Ina Drew, Chief Investment Officer, has made the decision to retire from the firm. Ina has served the firm for more than 30 years, most recently as head of our Chief Investment Office. Matt Zames, currently co-head of Global Fixed Income in the Investment Bank and head of Capital Markets within the Mortgage Bank, will succeed Ina as the firm’s Chief Investment Officer and continue in his mortgage-related responsibilities. Daniel Pinto, currently co-head of Global Fixed Income with Matt, will become sole head of the group. Daniel will also remain CEO of our Europe, Middle East and Africa region, based in London. :theflyonthewall.com |
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| 09:05 EDT | | JPM |
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| 08:24 EDT | | DIS |
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| 07:42 EDT | | DIS, GOOG |
| theflyonthewall.com: | NBC banking on prime time comedies this fall, WSJ reports | | To help turnaround NBC's (CMCSA) fourth place in attracting prime time viewers, the network will unveil to advertisers today a new full-season lineup ahead of the annual "upfront" ad-sales negotiations, reports the Wall Street Journal. In part, NBC is counting on seven new comedies, an area that has been dominated by CBS (CBS). Reference Link :theflyonthewall.com |
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| 07:37 EDT | | C |
| theflyonthewall.com: | American Financial Services Association to host a conference | | 22nd AFSA Finance Industry Conference for Fixed Income Investors is being held in Boston on May 14-16. :theflyonthewall.com |
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| 07:36 EDT | | NWSA |
| theflyonthewall.com: | Ofcom warms BSkyB that it could revisit pay TV regulations, Telegraph reports | | According to the Telegraph, Ofcom has warned BSkyB (BSYBY) and other satellite broadcasters that it could revisit the regulations that govern how pay TV providers list their channels. Ofcom is already investigating BSkyB over whether it is "fit and proper" to hold a television license. Reference Link :theflyonthewall.com |
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| 07:34 EDT | | WFC, C, GS, USB, BAC, MS, JPM |
| theflyonthewall.com: | Italy's market watchdog: Ban some financial products, Reuters reports | | Authorities must regulate and even ban financial products that can wipe out people's savings, says Giuseppe Vegas, chairman of Italy's market watchdog Consob, following JP Morgan's (JPM) $2B trading loss due to a failed hedging strategy, reports Reuters. Reference Link :theflyonthewall.com |
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| 07:31 EDT | | NWSA, DIS |
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| 07:30 EDT | | JPM |
| theflyonthewall.com: | Dimon admits to being "dead wrong" to dismiss red flags, Independent says | | JPMorgan Chase (JPM) CEO Jamie Dimon admitted the bank "got very defensive" and reacted badly to warning signs that it had large losses in financial derivatives trading and now the bank has "got to fully expect and pay the price" for its mistake, according to The Independent, quoting his television interview on NBC. Reference Link :theflyonthewall.com |
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| 07:23 EDT | | USB, BAC, C, JPM, GS, WFC, MS |
| theflyonthewall.com: | Not just U.S. but global regulators likely to react to JPMorgan events, FT says |
Subscribe for More Information :theflyonthewall.com |
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| 07:19 EDT | | GOOG |
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| 07:18 EDT | | JPM |
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| 07:17 EDT | | NWSA |
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| 07:17 EDT | | NWSA, DIS |
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| 07:15 EDT | | GS, WFC, MS, JPM, C, BAC, USB |
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| 07:08 EDT | | NWSA |
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| 06:56 EDT | | NWSA |
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| 06:51 EDT | | NWSA, DIS |
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| 06:35 EDT | | JPM |
| theflyonthewall.com: | Steve Teru Rinoie as JPMorgan's Japan CEO, Nikkei reports | | Steve Teru Rinoie, the head of JPMorgan's (JPM) fixed income of Tokyo operations, has been named as president and CEO of JPMorgan in Japan, the Nikkei reports. Rinoie replaces Christopher Harvey, who will become the CEO of the firm's private bank in Latin America, on May 15. Reference Link :theflyonthewall.com |
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| 06:29 EDT | | DIS |
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| 06:21 EDT | | BAC |
| theflyonthewall.com: | BofA, Societe Generale seek to overturn MBIA restructuring, Bloomberg reports |
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| 06:11 EDT | | JPM |
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| 06:05 EDT | | JPM |
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| 05:00 EDT | | NWSA |
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May 13, 2012
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| 19:52 EDT | | JPM |
| theflyonthewall.com: | Three executives to leave JPMorgan after trading blunder, WSJ says | | Three executives to leave J.P. Morgan (JPM) after trading loss, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
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| 18:27 EDT | | JPM |
| theflyonthewall.com: | S&P revises JPMorgan outlook to negative | | Standard & Poor's Ratings Services said it revised its outlook on JPMorgan Chase & Co. and its banking subsidiaries to negative from stable. At the same time, we affirmed our 'A/A-1' issuer credit ratings on JPM and our 'A+/A-1' issuer credit ratings on its banking subsidiaries. "The outlook revision reflects JPM's recently announced, unexpected pretax loss of $2B n its Chief Investment Office portfolio related to the miscalculation of a hedge consisting of synthetic credit exposures," said Standard & Poor's credit analyst Stuart Plesser. After reporting a gain of $1 billion from securities sales, the company expects to post an $800M aftertax loss in this division for the second quarter. Previously, JPM said it expected to report a gain of about $200 million in this division. :theflyonthewall.com |
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| 17:42 EDT | | DIS |
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| 16:18 EDT | | CSCO |
| theflyonthewall.com: | Cisco and Intel's views on IT spending clash, Barron's reports | | When CEO John Chambers blamed Cisco's (CSCO) earnings miss last Wednesday on weakened corporate tech spending, his comments whipsawed tech investors and stocks. Indeed, much of Cisco's woes can be blamed on Europe, which is a big spender on business software, services, and networking gear. That is especially true of Europe's governments, which might explain Chambers' more negative view of corporate spending, Barron's reports. But apparently, Chambers hadn't checked with Intel (INTC) CEO Paul Otellini, who sees no change in IT spending. Intel is less reliant on Europe and more dependent on emerging markets in China, India, and Brazil, which probably explains why Otellini isn't feeling Chambers' pain, the periodical notes. Reference Link :theflyonthewall.com |
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| 15:41 EDT | | GOOG |
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| 15:36 EDT | | JPM |
| theflyonthewall.com: | Investors can bank on JP Morgan trading at roughly 8x earnings, Barron's says |
Subscribe for More Information :theflyonthewall.com |
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| 15:33 EDT | | JPM |
| theflyonthewall.com: | Jim Cramer's "Mad Money" | | Jim Cramer laid out his game plan for the week of May 14, ahead of Facebook's (FB) IPO on Friday. (Monday) Groupon (GRPN) reports, Cramer said this stock shows us just what can go wrong with a red hot technology-related IPO. He said to stay away. (Tuesday) A slew of retail earnings, including JC Penney (JCP), Dick'' Sporting Goods (DKS), Saks (SKS), TJX Stores (TJX) and Home Depot (HD). Cramer was bullish on TJX and Home Depot, but told investors to steer clear of the others for now. (Wednesday) earnings include John Deere (DE) a perpetually downbeat conference call, Target (TGT) a retailer whose prospects are looking up, along with two restaurants Jack in the Box (JACK) and Red Robin (RRBG). Cramer said he's intrigued by Target, but would only listen to the two burger chains'' results. (Thursday) Reporting: Ross Stores (ROST), Gap Stores (GPS) and Dollar Tree (DLTR), along with cloud computing giant Salesforce.com (CRM). Cramer said to buy any of the retailers on weakness, but only pickup Salesforce if the weakness is severe. (Friday) the expected IPO of Facebook (FB) and Cramer once again told investors to get in on the IPO, if they can, but absolutely do not buy any shares in the aftermarket. Next, Cramer said he's always a fan of companies unlocking value by splitting themselves up. In a case like Marathon Oil (MRO), shares rose 30% from the time the deal was announced until the split actually occurred earlier this year. But once the split happens, cautioned Cramer, the opportunity comes to an end. Now ConocoPhillips (COP) has spun off its Phillips 66 (PSX) refining and pipeline assets, the company is only growing at 3% to 5% a year, hardly enough to get excited about., Cramer says. He prefers Chevron (CVX), which offers a smaller dividend but also more growth. Investors looking for even more upside should consider EOG Resources (EOG) or an oil pipeline like Kinder Morgan Energy Partners (KMP). Bottom-line: Cramer said that he's not a buyer of either half of the old Conoco and told investors that this opportunity, like most other break up stories, has come to an end. Then, Cramer put the energy drink maker Monster Beverage (MNST) through his 10-step prism to find out if its a turbo-charged company or just an over-caffeinated stock. Weighing all the pros and cons, Cramer said that he would invest in Monster only as a speculative stock. He also recommended using deep-in-the-money call options as a stock replacement strategy to limit the downside risk. MAD MAIL: Medtronic (MDT) is dead money and there are better places to invest. Cramer prefers Energy Transfer Partners (ETP) instead of Inergy (NRGY). Conns (CONN) too risky. Cramer is only recommending a few oil stocks and not Carrizo (CRZO). Bearish on Windstream Communications (WIN). Abbott Labs (ABT) is his favorite drug stock. NO HUDDLE OFFENSE: Cramer sounded off on the JPMorgan Chase (JPM)) bad-trade debacle. Cramer suggested JPM CEO Jamie Dimon give up his bonus as a gesture of good will toward shareholders. LIGHTNING ROUND: (Bullish) DOW; CCE; HBAN, buy under $6. (Bearish) UPL; BGCP; BRCD; ERF.Reference Link :theflyonthewall.com |
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