New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 23, 2012
12:15 EDTERIC, AMLN, RDEA, FB, XRX, PFE, STM, CEDC, AOL, CHKP, EAT, WMMVY, ACHN, AZN, MSFT, HAS, NSRGY, WMTOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, as European political uncertainty and a bribery investigation at Wal-Mart (WMT) kicked the week off on a sour note. Fresh concerns over the European debt crisis have caused a sell off in Europe and here in the U.S. The culprits this time were the failure by the Dutch government to agree on austerity measures and the first round of the French elections going to the Socialist party's candidate. There has been nothing on the U.S. economic calendar to turn investor's attention away from Europe, lending to broad based weakness in equities... ECONOMIC EVENTS: Domestically, little of note was on the economic calendar. In Europe, Markit's composite purchase managers' index fell to 47.4 points in April and political developments added to fears that the region's debt crisis could worsen, as the Netherlands' Prime Minister and his cabinet resigned after budget talks broke down and France's incumbent Nicolas Sarkozy lost in the first round of the nation's presidential elections. In China, a flash PMI reading rose to 49.1 in April, but that improved figure still signals contraction in the manufacturing industry... COMPANY NEWS: Shares of Wal-Mart dragged on the Dow, declining 4.6% after The New York Times said the company focused on damage control instead of fixing problems after finding "evidence of widespread" bribery at Wal-Mart de Mexico (WMMVY). Another Dow component, Pfizer (PFE), also slid following major news, falling almost 1% after agreeing to sell its Nutrition business to Nestle (NSRGY) for $11.85B... Among companies reporting earnings, advancers included Brinker (EAT) and Xerox (XRX); decliners included Hasbro (HAS) and Check Point (CHKP)... Facebook (FB) announced plans to buy a part of the patent portfolio Microsoft (MSFT) recently agreed to acquire from AOL (AOL)... MAJOR MOVERS: Among the notable gainers were Ardea Biosciences (RDEA), up 52%, on news it will be acquired by AstraZeneca (AZN) for $32 per share, and Central European Distribution (CEDC), up 14%, after Russian Standard agreed to invest $100M in the company as part of a strategic alliance. Also higher were shares of Amylin (AMLN), up 10%, after Reuters said over the weekend that the company has hired banks to explore a potential sale. Noteworthy losers included Achillion (ACHN), down over 18%, following a downgrade at JMP Securities after the release of interim ACH-1625 data at a conference over the weekend, and STMicroelectronics (STM), down 11%, after ST-Ericsson, its 50/50 joint venture with Ericsson (ERIC), said it will cut 1,700 jobs amid plans to pursue a new strategic direction... INDICES: Near noon, the Dow was down 135.02, or 1.04%, to 12,894.24; the Nasdaq was down 37.42, or 1.25%, to 2,963.03; and the S&P 500 was down 13.96, or 1.01%, to 1,364.57.
News For WMT;WMMVY;PFE;NSRGY;EAT;XRX;HAS;CHKP;FB;MSFT;AOL;RDEA;AZN;CEDC;AMLN;ACHN;STM;ERIC 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 | all recent news | >>
February 13, 2015
06:37 EDTFBFacebook volatility at low end of historic range
Subscribe for More Information
05:45 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
Subscribe for More Information
February 12, 2015
15:12 EDTPFEJ&J Remicade appeal process could take years to resolve, says Wells Fargo
Subscribe for More Information
14:52 EDTFBRocket Fuel expands programmatic inventory sources, to integrate Facebook API
Rocket Fuel (FUEL) announced an expansion of inventory options and data sources beyond RTB exchanges. Rocket Fuel’s placement-based buying capability is designed to be additive to Rocket Fuel’s real-time bidding, or RTB, platform which accesses inventory across 20 ad exchanges for display, video, and mobile. Closer integration with social and mobile sources, app developers, direct publishers, and addressable TV properties will bring access to expanded inventory, previously unavailable or limited within exchanges, Rocket Fuel said earlier. Rocket Fuel’s first integration will be with the Facebook API (FB) and will be available to clients in March. This integration will bring clients a wider range of ad unit options to expand Rocket Fuel’s social offering, including new support for mobile and video on Facebook, which was previously not available via FBX, Rocket Fuel noted.
14:05 EDTCHKPFireEye rallies after Q4 results surpass analysts' estimates
Shares of cybersecurity firm FireEye are trading higher after reporting fourth quarter earnings and revenue that surpassed analysts' consensus estimates. WHAT'S NEW: FireEye reported a Q4 earnings per share loss of (38c) compared to estimates of (49c). FireEye reported Q4 revenue of $143M, beating analysts average estimates of $141.4M. Q4 billings were $212.6M, above the previously issued guidance range of $195M to $210M. FireEye's guidance for first quarter and fiscal year 2015 results were in-line with expectations. "In 2014, we brought together the industry's best technology, security expertise, and threat intelligence to protect organizations from advanced targeted attacks. We responded to nearly every high profile breach in the U.S., and we established strategic relationships with Global 2000 customers and partners around the world," said David DeWalt, CEO and chairman of FireEye. "Our growth over the last four quarters reflects the competitive differentiation of our security platform and incident response capabilities, as well as our sales execution and operational discipline. The market for our advanced security solutions continues to expand, and we believe we enter 2015 well positioned to extend our leadership and market share gains with innovative new solutions such as FireEye-as-a-Service and the FireEye Endpoint Threat Prevention Platform," added DeWalt. WHAT'S NOTABLE: FireEye, which has failed to turn a profit since making its market debut in 2013, is down from nearly $100 per share last year to trading near the $40 per share level currently. Shares of the cybersecurity firm rallied to nearly $100 per share early in 2014 after announcing the acquisition of privately held Mandiant, the leading provider of advanced endpoint security products. Insider sales and disappointing earnings in the ensuing quarters after the Mandiant acquisition sent shares precipitously lower during 2014. ANALYST REACTION: There were a number of positive reactions from analyst firms this morning, including those from JP Morgan, Goldman Sachs, and FBR Capital. Goldman said FireEye reported an in-line Q4 report with its estimates. The firm added that is believes FireEye has invested to build a broad platform and global sales footprint that positions it to capitalize on industry spending tailwinds and expects more improvements in margin growth. Goldman has shares Buy rated with a $44 price target, up from $41. PRICE ACTION: In early afternoon trading, FireEye was up $4.40, or 12%, to $40.05. OTHERS TO WATCH: Peers of Fire Eye include: Palo Alto Networks (PANW), Check Point Software Technologies (CHKP), Symantec Corporation (SYMC), and Fortinet (FTNT).
13:21 EDTMSFTMicrosoft announces first build of Windows Phone 10 preview
Microsoft announced in a blog post that its first build of Windows 10 Technical Preview for phones is available now for Windows Insiders. "This is the earliest publicly available preview we’ve ever done for Windows on phones," Microsoft's Gabe Aul, the Data & Fundamentals Team leader, stated in the post. Reference Link
12:28 EDTMSFTBridgewater Associates cut Apple stake in half last quarter
Subscribe for More Information
11:51 EDTHASHasbro to host investor update
Subscribe for More Information
09:36 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA WFM BIDU TWTR GILD FB AMAT EXPE TRIP
09:22 EDTACHNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Tripadvisor (TRIP), up 13.5%... Cisco Systems (CSCO), up 7.2%... FireEye (FEYE), up 7.7%... GNC (GNC), up 4.8%... NVIDIA (NVDA), up 5.5%... Whole Foods (WFM), up 2.5%. ALSO HIGHER: Orbitz Worldwide (OWW), up 21.6% after agreeing to be acquired by Expedia (EXPE). Expedia is up 11%... Ballard Power (BLDP), up 8.1% after being upgraded to Buy from Hold at Lake Street... Verastem (VSTM), up 4.7% after receiving orphan drug designation from FDA VS-5584 in mesothelioma. DOWN AFTER EARNINGS: Zulily (ZU), down 25.4%... Cabelas (CAB), down 9%... Cheesecake Factory (CAKE), down 5.9%.... Baidu (BIDU), down 4.8%... NetApp (NTAP), down 6.5%... Avon Products (AVP), down 3.6%... Tesla (TSLA), down 8.9%... Kellogg (K), down 5.1%... Amber Road (AMBR), down 16%. ALSO LOWER: Achillion Pharmaceuticals (ACHN), down 4.5% after 12M share Secondary priced at $10.25.
07:49 EDTWMTWal-Mart February volatility increases into Q4 and outlook
Wal-Mart February call option implied volatility is at 23, March is at 17, June is at 14; compared to its 26-week average of 16 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on February 19.
07:33 EDTPFEHospira not announcing FY15 projections due to recent merger argreement
Subscribe for More Information
07:23 EDTACHNLeerink to hold a conference
Subscribe for More Information
07:00 EDTWMTWal-Mart price target raised to $95 from $87 at Credit Suisse
Subscribe for More Information
06:38 EDTMSFTGoogle gives Apple, Microsoft 90 days to fix security flaws, Bloomberg says
Subscribe for More Information
06:29 EDTFBFacebook designing own network equipment, WSJ says
Subscribe for More Information
06:16 EDTMSFTMicrosoft set to acquire N-trig for about $200M, Globes reports
Subscribe for More Information
05:57 EDTACHNAchillion 12M share Secondary priced at $10.25
Subscribe for More Information
05:56 EDTFBFacebook implied volatility of 25 at lower end of index mean range
05:55 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 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