New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 15, 2012
16:32 EDTVELT, SZYM, WMT, DNB, BG, NTAP, OSIS, AMD, BPOn The Fly: Closing Wrap
Stocks on Wall Street finished the day lower after midday buying sent the averages briefly into positive territory, though the averages yet again could not hold onto their gains. Wal-Mart (WMT), which reported earnings before the bell, issued cautious Q4 guidance ahead of the holiday season. Uncertainty also weighed heavily on investors as concerns over the fiscal cliff, which have abounded since the election, were compounded by increased concerns in the Middle East... ECONOMIC EVENTS: In the U.S., initial jobless claims jumped by 78,000 from the prior week to 439,000. Analysts had forecast a smaller rise to 375,000 and the steep climb in claims was partially attributed to Superstorm Sandy. Consumer prices rose 0.1% overall in October, versus the expected increase of 0.1%. The NY Fed Empire State Survey for November had a -5.22 reading, versus the expected -8.00, and the Philadelphia Fed Manufacturing Survey had a reading of -10.7, versus the expected +2.0. In Europe, Eurostat data showed the Eurozone fell back into recession in the third quarter... COMPANY NEWS: Wal-Mart, despite beating consensus estimates for the most recent quarter, provided guidance for the upcoming quarter that was lower than Street estimates. This tempered outlook sent shares of the Dow component lower by $2.59, or 3.63%, to close at $68.72... BP (BP) agreed to plead guilty to felony charges and to pay the largest criminal penalty in U.S. history for the Deepwater Horizon accident. The company said the aggregate amount of the settlement is about $4.5B, with payments scheduled over a period of six years. Shares of BP opened the day higher, but fell through the session and eventually settled fractionally higher, up 14c, or 0.35%, to $40.30... MAJOR MOVERS: Among the notable gainers was NetApp (NTAP), up $3.04, or 11.20%, to $30.16 after its earnings beat expectations and shares were upgraded at Raymond James. Also trading higher were shares of Solazyme (SZYM), up 71c, or 10.01%, to $7.80 after the company announced strategic partnerships with Archer Daniels (AMD) and a subsidiary of Bunge Limited (BG) that will expand the company's oil production capacity. Among noteworthy losers were shares of Velti (VELT), down $2.27, or 34.19%, to $4.37 after the company reported Q3 earnings that missed consensus estimates and the stock received a downgrade to Hold at Needham. Also lower were shares of OSI Systems (OSIS), down $21.40, or 28.05%, to $54.89 after a Bloomberg report said that Congressman Mike Rogers sent a letter to the TSA stating that the company may have "knowingly manipulated" the result of an operational test. The company later issued a statement denying claims made in the Bloomberg report. Dun & Bradstreet (DNB) declined $7.60, or 9.40%, to $73.21 after a late afternoon report by Reuters said talks between the company and its potential buyers fell apart... INDICES: The Dow lost 28.57, or 0.23%, to 12,542.38; the Nasdaq fell 9.87, or 0.35%, to 2,836.94; and the S&P 500 slid 2.17, or 0.16%, to 1,353.32.
News For WMT;BP;NTAP;SZYM;AMD;BG;VELT;OSIS;DNB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
February 19, 2015
10:57 EDTWMTWal-Mart initiatives should help competitive position, says RW Baird
Subscribe for More Information
09:35 EDTWMTOption volume leaders
Option volume leaders: AAPL TSLA TWTR MCD WMT PBR SPWR WFM GILD FB SCTY according to Track Data.
09:28 EDTWMTWal-Mart says near 70% of U.S. holiday e-commerce traffic from mobile
On its Q4 earnings call, Wal-Mart management said nearly 70% of walmart.com traffic in the U.S. came via mobile during the recent holiday period.
09:27 EDTWMTWal-Mart says U.S. store traffic positive for first time in 9 quarters in Q4
Subscribe for More Information
08:47 EDTWMTWal-Mart down 1.2% to $85.25 after Q4 earnings beat, FY16 guidance miss
Subscribe for More Information
08:42 EDTWMTWal-Mart sees Q1 Wal-Mart U.S. SSS up 1%-2%
Subscribe for More Information
08:41 EDTWMTWal-Mart says hourly associates to earn at least $10 per hour by Feb. 2016
Doug McMillon, Wal-Mart Stores CEO, announced a new initiative on pay and training for U.S. associates. Approximately 500,000 full-time and part-time associates at Walmart U.S. stores and Sam's Clubs will receive pay raises in the first half of the current fiscal year. Current and future associates will benefit from this initiative, which ensures that Walmart hourly associates earn at least $1.75 above today's federal minimum wage, or $9.00 per hour, in April. The following year, by Feb. 1, 2016, current associates will earn at least $10.00 per hour. As part of today's announcement, Walmart and the Walmart Foundation also committed $100M over five years to help increase the economic mobility for entry level workers by advancing their careers. This initiative will benefit the retail and service industries. The Walmart Foundation will work with other foundations, employers, community colleges and non-profit organizations to address a fundamental challenge in America -- how to better train and advance workers in the retail and adjacent sectors. Today, more than 15 million people, including 7 million women, work in retail.
08:38 EDTWMTWal-Mart sees FY16 operating income pressured by investments
Subscribe for More Information
08:38 EDTWMTWal-Mart lowers FY16 sales growth view to 1%-2% from 2%-4%
Subscribe for More Information
08:36 EDTWMTWal-Mart raises annual dividend 2% to $1.96 per share
Subscribe for More Information
08:34 EDTWMTWal-Mart sees Q1 EPS 95c-$1.10, consensus $1.14
Subscribe for More Information
08:34 EDTWMTWal-Mart sees FY16 EPS $4.70-$5.05, consensus $5.19
08:33 EDTWMTWal-Mart reports Q4 underlying EPS $1.61, consensus $1.54
Subscribe for More Information
06:58 EDTBPU.S. oil prices tumble after inventory data released, Reuters says
Subscribe for More Information
05:10 EDTWMTWal-Mart February volatility increases into Q4 and outlook
Subscribe for More Information
February 18, 2015
15:53 EDTWMTWal-Mart technical comments ahead of results
Subscribe for More Information
15:35 EDTWMTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.54... Priceline (PCLN), consensus $10.10... DIRECTV (DTV), consensus $1.40... Noble Energy (NBL), consensus 35c... Host Hotels & Resorts (HST), consensus 39c... Hormel Foods (HRL), consensus 64c... Discovery Communications (DISCA), consensus 41c... SCANA (SCG), consensus 73c... Quanta Services (PWR), consensus 51c... Patterson (PDCO), consensus 59c... Denbury Resources (DNR), consensus 23c... T-Mobile (TMUS), consensus 5c... Linn Energy (LINE), consensus 6c... Linn Co (LNCO), consensus 39c... Bloomin' Brands (BLMN), consensus 27c... Huntington Ingalls (HII), consensus $1.98.
14:31 EDTWMTWal-Mart February volatility elevated into Q4 and outlook
Subscribe for More Information
12:55 EDTWMTEarnings Preview: Wal-Mart sees Q4 EPS $1.46-$1.56, U.S. SSS flat to up 1%
Subscribe for More Information
09:45 EDTNTAPNetApp to participate in a conference call with Credit Suisse
Subscribe for More Information
1 | 2 | 3 | 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