New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 10, 2014
16:25 EDTREG, LL, HD, PBPB, AMRE, TSCO, VZ, CRAY, SRPT, LOWOn The Fly: Closing Wrap
Stocks on Wall Street began the session deep in negative territory, as fears about the health of one of Portugal’s largest banks, coupled with weak economic data out of Italy, prompted a sell-off in Europe, which spilled over to the U.S. The major averages moved generally higher after the open, though the early losses proved too much to overcome. The reignited fears about Europe's periphery come just as the U.S. corporate earnings season is set to pick up in earnest next week. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 11K to 304K in the week ended July 5. Wholesale inventories rose 0.5% in May, while sales edged up 0.7%, which were both a little below expectations. In Europe, concerns about the periphery rose again as the parent company of Portugal's Espirito Santo bank missed a debt payment, leading the country's interest rates higher and equities in the Eurozone lower. Also, Italy's industrial output saw its steepest monthly fall since late 2012, having dropped 1.2% in May. In China, trade performance improved in June but still missed market forecasts. Exports rose 7.2% in June from a year earlier, missing the consensus forecast for a rise of 10.6%, while imports grew 5.5% in the month, versus the 5.8% growth expectation. COMPANY NEWS: Shares of Verizon (VZ) advanced 74c, or 1.51%, to $49.64 to lead the handful of gainers on the Dow Jones Industrial Average. The rise came after Verizon CEO Lowell McAdam said in an interview on CNBC that his company added over 1.4M postpaid subscribers in Q2, with "record" tablet growth and "very strong" smartphone growth. Afterward, Wells Fargo said in a note to investors that the net adds were higher than the firm's recently increased estimate and above Street consensus... Conversely, Home Depot (HD) was the Dow's worst performer, falling $1.33, or 1.65%, to $79.40. After hardwood floors retailer Lumber Liquidators (LL) and farm products retailer Tractor Supply (TSCO) pre-announced weaker than expected Q2 results, Deutsche Bank analyst Mike Baker reduced his estimates for Home Depot and peer Lowe's (LOW), explaining that the comparative sales of those two large home improvement retailers have historically had a positive correlation with those of Tractor Supply and Lumber Liquidators. MAJOR MOVERS: Among the notable gainers was AmREIT (AMRE), which rose $3.25, or 16.93%, to $22.45 after Regency Centers (REG) offered to acquire the company for $22 per share, payable in cash and/or stock. Also higher was Cray (CRAY), which rallied $4.27, or 15.69%, to $31.49 after the company announced it has been awarded a $174M supercomputer deal from the National Nuclear Security Administration. Among the noteworthy losers was sandwich maker Potbelly (PBPB), which plunged $3.68, or 25.12%, to $10.97 after the company's second quarter and fiscal 2014 outlook fell significantly short of analysts' consensus estimates. Also lower was Sarepta Therapeutics (SRPT), which sunk $3.35, or 12.94%, to $22.54 after the company announced data through week 144 from its eteplirsen study in patients with Duchenne muscular dystrophy. INDEXES: The Dow dropped 70.54, or 0.42%, to 16,915.07, the Nasdaq fell 22.83, or 0.52%, to 4,396.20, and the S&P 500 declined 8.15, or 0.41%, to 1,964.68.
News For VZ;HD;LOW;TSCO;LL;SRPT;AMRE;REG;CRAY;PBPB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
March 25, 2015
05:57 EDTVZStocks with implied volatility movement; VZ PG
Subscribe for More Information
March 24, 2015
10:01 EDTREGOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:05 EDTVZVerizon moves to 100G network in the U.S.
Subscribe for More Information
07:47 EDTVZBrookings Institution holds a discussion
Subscribe for More Information
07:27 EDTHDTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.
06:48 EDTREGRegency Centers initiated with a Neutral at RW Baird
Target $66.
05:49 EDTLLStocks with implied volatility movement; LL YUM
Subscribe for More Information
March 23, 2015
10:08 EDTVZVerizon management to meet with Oppenheimer
Meeting to be held in Europe on March 24 hosted by Oppenheimer.
09:09 EDTLLLumber Liquidators probe called for by Senator Schumer, AP reports
New York Sen. Chuck Schumer is asking federal authorities to investigate the safety of Lumber Liquidators' Chinese-imported wood laminate flooring and force recalls if needed, reported Associated Press. Reference Link
March 20, 2015
16:31 EDTLOWLowe's announces new $5B share repurchase program
Reflecting its commitment to return excess cash to shareholders, the Board of Directors for Lowe's Companies has authorized a new repurchase program of $5B of the company's common stock. This new repurchase program has no expiration date and adds to the previous program's balance, which was $2.4B as of January 30.
06:08 EDTLLStocks with implied volatility below IV index mean; LL YELP
Subscribe for More Information
March 18, 2015
13:59 EDTVZT-Mobile announces 'Un-contract,' 'Carrier Freedom' initiatives
Today, during an event held to announce Un-carrier 9.0 − Un-carrier for Business − T-Mobile (TMUS) unveiled two new major Un-carrier initiatives for consumers. First, with T-Mobile’s new "Un-contract," customers will now have more certainty in their wireless pricing than ever before. Consumers and businesses with the Simple Choice rate plan will find that rates won’t go up as long as they’re a T-Mobile customer and keep their plan − and even customers with unlimited 4G LTE will lock in their rates for a minimum of two years. The Un-carrier also launched "Carrier Freedom," a new move where T-Mobile will now cover all outstanding phone and tablet payments up to $650 per line when customers from AT&T (T), Verizon (VZ) or Sprint (S) switch to T-Mobile.
10:26 EDTVZVerizon agrees to settle 911 outage probe for $3.4M
Subscribe for More Information
10:18 EDTLOWEvercore ISI to hold a summit and tour
Subscribe for More Information
09:36 EDTHDActive equity options trading on open
Subscribe for More Information
09:23 EDTVZVerizon may launch mobile TV service as soon as June, Bloomberg says
Verizon (VZ) has secured mobile television streaming rights with Viacom (VIA, VIAB) and DreamWorks Animation (DWA) and plans to start a mobile video streaming service as early as June, according to Bloomberg, citing a person familiar with the matter. Verizon plans to have programming from ABC (DIS), NBC (CMCSA), CBS (CBS) and Fox (FOXA) as part of the service, the report added. The Fly notes that Verizon has publicly confirmed previously that it plans to launch such a service, but has not provided many details to date.
March 17, 2015
08:00 EDTLLLumber Liquidators price target lowered to $40 from $55 at Credit Suisse
Credit Suisse lowered Neutral rated Lumber Liquidators price target to $40 and reduced estimates to reflect weaker sales trends and uncertainty on how consumers will respond to the fallout over safety concerns. The firm does not believe the sales drop has to be permanent if sales associates can respond to safety concerns effectively and there is more domestic sourcing.
06:10 EDTVZSpherix announces Markman hearing held as scheduled in Verizon case
Subscribe for More Information
March 16, 2015
05:53 EDTLLStocks with implied volatility movement; XLE LL
Stocks with implied volatility movement; Energy Select Sector SPDR (XLE) 28, Lumber Liquidators (LL) 109 according to iVolatility.
March 15, 2015
17:32 EDTLLU.S. trade association recommends avoiding Lumber Liquidators, Reuters says
Subscribe for More Information
1 | 2 | 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