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Market Wrap For May 7: Dow Banks Triple-Digit Point Gain While Nasdaq Closes Lower
Wednesday, May 7, 2014 - 4:35pm | 2687U.S. stocks were mixed as Federal Reserve Chair Janet Yellen presented a prepared testimony which did not rattle investors. The Dow posted a triple-digit point gain after falling 43 points. The Nasdaq, on the other hand, declined as many momentum and Internet names were hit hard. Russian...
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Market Wrap For May 6: Dow Suffers Triple-Digit Point Loss, Nasdaq Underperforms Once Again
Tuesday, May 6, 2014 - 4:42pm | 2644U.S. stocks declined on Tuesday after the Dow and S&P 500 closed near all time highs. Momentum names such as Twitter, Facebook, Tesla and others saw heavy losses. Not helping the cause was poor earnings by American International Group on Monday which dragged the financial sector lower....
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Market Wrap For May 5: Dow Erases Triple-Digit Loss, All Three Major Indices Positive
Monday, May 5, 2014 - 4:36pm | 2443U.S. stocks rose as investors found that the positives in the U.S. services sector outweighed concerns over an escalating conflict in Ukraine. The Institute for Supply Management said that its service-sector index rose to 55.2. Any reading above 50.0 indicates an expansion. Also, the index...
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Earnings Expectations For The Week Of May 5: Disney, Pfizer, Tesla And More
Sunday, May 4, 2014 - 5:46pm | 1225Highlights on the earnings front this week include scheduled quarterly reports from Disney, Keurig Green Mountain, Pfizer and Whole Foods Market, which are expected to post year-over-year earnings gains. Analysts expect Tesla Motors to say its earnings declined, and for Groupon and SolarCity to...
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Market Wrap For May 2: Markets Slip On Ukraine Tensions Despite Positive Jobs Data
Friday, May 2, 2014 - 4:58pm | 2049U.S. stocks declined as tensions continue to mount in Ukraine. Russia requested an emergency session with the United Nations Security Council over a recent operation conducted by Ukraine where at least seven people were killed in the town of Slavyansk. Ukraine's interim President Oleksandr...
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Market Wrap For May 1: Markets Mixed To Start The New Month
Thursday, May 1, 2014 - 4:35pm | 2905U.S. stocks were little moved to start off the month of May as investors and traders are cautious before April's nonfarm payrolls report are released on Friday. The consensus estimate for Friday's figure stands at 215,000 which would trump March's 192,000 number. “This is a really important...
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AT&T Said To Be Considering Acquisition Of DirecTV
Thursday, May 1, 2014 - 2:23pm | 701AT&T (NYSE: T) was in the process of considering a move to acquire satellite provider DirecTV (NASDAQ: DTV), according to sources who spoke with the Wall Street Journal Thursday. The deal would likely be worth $40 billion, DirecTV’s current market capitalization. The combination of AT&T...
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Market Wrap For April 15: Who Doesn't Love A Turnaround?
Tuesday, April 15, 2014 - 4:30pm | 2505U.S. stock futures were pointing towards a modestly higher open as investors found enough optimism from Dow components Coca-Cola and Johnson & Johnson who both reported better than expected quarterly results. Investors were further spooked by reports of pro-Russian separatists taking...
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Market Wrap For April 9: Investors Breathe Sigh Of Relief Over Rate Worries
Wednesday, April 9, 2014 - 4:35pm | 2359U.S. stocks rose sharply after minutes from the Federal Reserve eased concerns over when the central bank would raise interest rates. The decision to let go of the 6.5 percent unemployment rate threshold for raising interest rates was finalized in early March. Additionally, the Fed's minutes...
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Oppenheimer: The Technology Revolution Is Nigh
Friday, April 4, 2014 - 7:24am | 851We are on the verge of huge technological change, according to analysts at Oppenheimer. They see a coming convergence of mobile and cloud computing with telecommunications, in which companies such as DirecTV (NASDAQ: DTV), Rackspace Hosting (NYSE: RAX) and T-Mobile US (NYSE: TMUS) may be may...
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Weekly Highlights: Apple And Comcast Union, King's Botched IPO, Facebook Drones And More
Sunday, March 30, 2014 - 8:51am | 208This week Microsoft (NASDAQ: MSFT) was thought to have set a goal for tablet sales in 2014. Intel (NASDAQ: INTC) may have done the same. King (NYSE: KING) defended its disappointing public debut. Facebook (NASDAQ: FB) spent $2 billion on yet another startup. Microsoft released Office for the...
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Dish Deal With Disney Could Be A Game Changer
Tuesday, March 11, 2014 - 10:56am | 557The ways in which people watch television content have already started to evolve. Thanks to a new agreement between Walt Disney (NYSE: DIS) and satellite provider Dish Network (NASDAQ: DISH) that evolution could speed up. Last week Dish signed a contract for Internet streaming rights for ESPN,...
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DirecTV Boss Takes Dim View Of Comcast/TWC Merger
Friday, February 21, 2014 - 12:36pm | 581The battle is joined, as they say. DirectTV (NASDAQ: DTV) CEO, Mike White has stated his position regarding the proposed merger between cable companies Comcast (NASDAQ: CMCSA) and Time Warner Cable (NYSE: TWC). That position, as might be expected, is a negative one. On a conference call...
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Market Wrap For Febuary 20: S&P 500 Inches Closer To New Highs
Thursday, February 20, 2014 - 5:46pm | 3262U.S. stocks overcame mixed economic data and earning reports as the S&P 500 inches towards new all time highs and the Dow recorded an almost triple digit point gain. Jobless claims declined less than expected while consumer prices met expectations and rose slightly. Data from the...
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#PreMarket Primer: Thursday, February 20: Facebook Makes Big Purchase With WhatsApp
Thursday, February 20, 2014 - 8:20am | 890Market lost ground Wednesday and will likely open lower again Thursday. The Dow lost about 89 points to close at 16,040.56. The S&P was down 0.6 percent, or about 12 points to close at 1,828.75, and the NASDAQ fell 0.8 percent to 4,237.95. This morning, U.S. markets are indicated to open...