New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 16, 2014
16:33 EDTWMT, RAX, NYT, VRX, AGN, M, JWN, DE, KO, IBM, GM, GMCR, RDEN, CSCO, JCPMarket finishes week slightly lower after weak retail sales growth
The market finished the week lower after several economic data points missed expectations and a number of notable companies reported soft results. MACRO NEWS: Retail sales and industrial production for April, a housing market index, and a measure of consumer confidence in May were all worse than expected. On the other hand, jobless claims fell more than expected and reached a seven year low... Overseas, the euro zone's GDP increased only 0.2% last quarter, versus the 0.4% growth forecast by economists. The trend of poor economic news also extended to China, whose April industrial output came in below expectations. COMPANY NEWS: Among the companies that reported weaker than expected results were Wal-Mart (WMT) and Elizabeth Arden (RDEN). Also, IBM (IBM) and farm equipment maker Deere (DE) fell after providing guidance that disappointed investors. Conversely, Cisco (CSCO), Nordstrom (JWN), J.C. Penney (JCP) and Macy's (M) climbed after their earnings surpassed expectations... Allergan (AGN) officially rejected an unsolicited takeover offer from Valeant (VRX), which indicated that it would raise its bid... GM (GM) retreated after the company announced five new recalls covering about 2.7M vehicles and agreed to pay a record $35M civil penalty levied by the DOT... The New York Times (NYT) slumped after abruptly announcing that it had dismissed the executive editor at its namesake newspaper, effective immediately... Cloud computing services provider Rackspace (RAX) announced that it had been approached by a number of other companies that expressed interest in exploring strategic relationships, including partnerships and acquisitions. Rackspace hired Morgan Stanley (MS) to evaluate the proposals and explore other alternatives... Keurig Green Mountain (GMCR) advanced after Coca-Cola (KO) confirmed plans to exercise its option to raise its stake in the K-cup coffee machine maker up to 16%. INDEXES: The Dow was down 0.55% to 16,491.31, the S&P 500 was down 0.03% to 1,877.86, and the Nasdaq was up 0.46% to 4,090.59.
News For WMT;CSCO;RDEN;GMCR;GM;IBM;KO;DE;JWN;M;AGN;VRX;NYT;RAX;JCP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | all recent news | >>
October 7, 2014
10:13 EDTJCPJ.C. Penney volatility increases into company hosted analyst day
J.C. Penney October weekly call option implied volatility is at 118, October is at 72, November is at 57, January is at 55, February is at 53; compared to its 26-week average of 54 according to Track Data suggesting large near term price movement into a company hosted analyst day event on October 8.
10:02 EDTGMCROn The Fly: Analyst Initiation Summary
Subscribe for More Information
10:02 EDTDEOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:39 EDTMMacy's Q3 revenues tracking to $6.25B vs. consensus $6.392B, says ITG Research
Subscribe for More Information
09:18 EDTRAXRackspace partnership with Google positive for sentiment, says Wells Fargo
Subscribe for More Information
09:14 EDTDEOn The Fly: Pre-market Movers
Subscribe for More Information
09:03 EDTRAXRackspace to offer managed IT services support for full Google Apps for Work
Subscribe for More Information
08:29 EDTGMGeneral Motors recalls 290,241 Cadillac SRX, SAAB 9-4X vehicles
Subscribe for More Information
08:28 EDTGMGeneral Motors recalls 10,005 Cadillac CTS-V, STS-V vehicles
General Motors is recalling 10,005 model year 2004-2007 Cadillac CTS-V vehicles manufactured October 6, 2003, to March 15, 2007, and 2006-2007 Cadillac STS-V vehicles manufactured June 23, 2005, to March 15, 2007. In the affected vehicles, the electrical terminals of the fuel pump module may overheat resulting in the melting of the flange material. If the flange melts, a hole may be created allowing the fuel pump to leak fuel, causing the vehicle to stall, increasing the risk of a vehicle crash. Additionally, leaking fuel in the presence of an ignition source increases the risk of a fire.
08:26 EDTGMGM recalls 46,873 vehicles from 2008-2013, including Chevrolet Caprice
Subscribe for More Information
08:10 EDTGMGeneral Motors estimates lowered, price target to $27 at Morgan Stanley
Subscribe for More Information
07:48 EDTAGNSalix reinstated with a Buy at Jefferies
Subscribe for More Information
07:48 EDTIBMU.S. Chamber of Commerce to hold a discussion
Subscribe for More Information
07:36 EDTCSCOCisco unlikely to split-up despite speculation, says UBS
Subscribe for More Information
07:23 EDTDEDeere downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill downgraded Deere to Underperform citing the collapse in corn and soybean pricing and the strengthening U.S. dollar. The firm expects the collapse in farm equipment demand to hit hard in 2015 and lowered estimates 10%-20% below consensus. Price target lowered to $82 from $90.
07:12 EDTVRX, AGNAllergan requests Ackman be hindered from voting at meeting, Bloomberg says
In an effort to avoid an unsolicited $54B acquisition offer from Valeant Pharmaceuticals (VRX), Allergan (AGN) filed a request in a California court for a judge to hinder Bill Ackmanís Pershing Square from voting its 10% stake at the December shareholder meeting, according to Bloomberg, citing the filing. A hearing regarding Allergan's request is set to occur on October 28. Reference Link
06:52 EDTCSCOAruba Networks may be displacing Cisco in some verticals, says RBC Capital
Subscribe for More Information
06:43 EDTGMGM using Facebook, calls to reach out and get recalled cars fixed, AP reports
General Motors (GM) is using Facebook (FB) messages and phone calls to reach out to vehicle owners who have yet to bring in their cars the company has recalled, reports the Associated Press. CEO Mary Barra has also sent a personal letter urging people to get the switches replaced. Reference Link
06:29 EDTIBMIBM, Globalfoundries reignite discussions for chip division, Bloomberg says
IBM and Globalfoundries have restarted discussions for IBM to sell its unprofitable chip production division, according to Bloomberg, citing a person familiar with the matter. The source said that IBM could pay Globalfoundries more than $1B to take over the unit. Reference Link
05:25 EDTGMCRKeurig Green Mountain initiated with a Buy at Goldman
Goldman Sachs started shares of Keurig Green Mountain with a Buy rating saying the company is entering a period of accelerating sales and earnings growth. The firm expects growth to be driven by Keurig's Hot system and incremental contribution from the Cold platform. It set a $166 price target for shares.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use