Go Symbol Lookup
Loading...

>> View AllResults for ""

 Enter multiple symbolsseparated by commas

 London quotes now available

JPMorgan Averts CEO/Chair Job Split in Early Count

Market Insider with Patti Domm

More

  Wednesday, 15 May 2013 | 5:02 PM ET

After-Hours Buzz: CSCO, AAPL, TSLA & More

Posted By:

Check out which companies are making headlines after the bell Wednesday:

Cisco - The networking equipment manufacturer reported earnings of 51 cents a share, excluding one-time items, on revenue of $12.22 billion, edging past expectations for 49 cents a share on sales of $12.18 billion. Meanwhile, the company handed in current-quarter earnings guidance that matched Wall Street expectations and said it expects revenue growth of between 4 and 7 percent versus estimates for 7 percent. Shares soared in extended-hours trading.

(Read More: Dow, S&P End at Fresh Highs; AAPL Drops 3%)

Apple - Susquehanna initiated coverage of the iPhone maker with a "neutral" rating and a $480 price target. The company slumped more than 3 percent in the regular session.

Jack in the Box - The fast food chain posted earnings of 29 cents a share on sales of $356 million, missing expectations for 31 cents a share on revenue of $359 million. In addition, the company said it expects to see full-year earnings of between $1.55 a share and $1.65 a share, mostly in line with expectations for $1.61 a share. Shares slipped in extended-hours trading.

»Read more
  Wednesday, 15 May 2013 | 1:57 PM ET

Midday Movers: GOOG, CSC, BMY & More

Posted By:

Take a look at some of Wednesday midday movers:

Google hit a new all-time high and traded over $900 a share for the first time amid the Google I/O conference. Google VP Sundar Pichai says that Google's search engine, Chrome is the "most popular browser used in the world."

Computer Sciences fell hard after the company reported a fourth-quarter profit on lower operating expenses which helped offset a decline in revenue.

»Read more
  Wednesday, 15 May 2013 | 11:03 AM ET

Airline Stocks Soar; Zynga and Groupon Get a Boost

Posted By:
Getty Images

Airlines higher: Morgan Stanley says "Rally Has Legs."

Airlines bucking the lower trend this morning: Delta (DAL), United Continental (UAL), US Airways (LCC), and Republic Airways (RJET) rise three to four percent.

Morgan Stanley made comments on airlines this morning, saying: "We continue to expect the stocks to grind higher from here in the shorter-term."

One immediate catalyst was Delta, which restarted its dividend on May 8. And while many airlines are at or near new highs, "We do not see a setup for a material short-term pullback in shares," adds Morgan Stanley.

The reasons:

  1. Oil is higher, but jet fuel prices have not increased with it;
  2. Expectations that passenger revenues will strengthen in May, June, and July versus prior months


Elsewhere: Zynga (ZNGA) and Groupon (GRPN) haven't had much good news recently, but they got it this morning. Activist investment firm Jana Partners, controlled by Barry Rosenstein, revealed new stakes in both companies, and fairly large positions: 21.9 million shares for Groupon (3.3 percent of outstanding shares), 25.4 million shares for Zynga (3.1 percent of outstanding shares). Both are up about six percent.

»Read more
  Wednesday, 15 May 2013 | 9:32 AM ET

Strange Days: Roaring Markets but Sketchy Data

Posted By:
Getty Images
The Dow closed above 15,000 for the first time ever, hitting 15,056.

Many strange dislocations in the market: choppy economic data, but roaring stock markets.

May is not starting out great on the economic front: Empire Manufacturing was well below expectations, following a string of below-expectation regional manufacturing indexes. April capacity utilization and industrial production also came in below expectations, which makes sense given the weak manufacturing numbers.

This month's statistics will set the tone for second quarter gross domestic product (GDP) expectations: there was some excitement over the April retail sales numbers. Some are moving up their GDP expectations for Q2 — but we still have a ways to go. And remember, the Federal Reserve needs at least three or four solid months of economic growth before they will consider slowing their bond purchase program.

»Read more
  Wednesday, 15 May 2013 | 7:42 AM ET

Early Movers: DE, BA, GOOG, GPS & More

Posted By:

Check out which companies are making headlines before the bell on Wednesday:

Deere —The heavy equipment maker reported quarterly profit of $2.76 per share, four cents higher than estimates, with revenues also beating consensus. The company cited positive conditions in the global farm economy as well as good execution, yet did give a more cautious outlook for the second half of the year.

Agilent Technologies — The testing equipment maker reported fiscal second quarter profits of $0.77 per share, ten cents above estimates. However, the company's current quarter outlook of $0.60 -$0.64 per share falls below consensus estimates of $0.73. Agilent is also unveiling a restructuring plan that will include a two percent reduction in its global workforce.

»Read more
  Tuesday, 14 May 2013 | 4:53 PM ET

After-Hours Buzz: A, WMT, VIPS & More

Posted By:

Check out which companies are making headlines after the bell Tuesday:

»Read more
  Tuesday, 14 May 2013 | 6:42 PM ET

Are Out-of-Sync Markets Sending a Message?

Posted By:
Alberto Simon | AFP | Getty Images

A rising stock market, rising Treasury yields and a firming dollar seems like an abnormal trading relationship post-financial crisis, but the recent correlation between these markets may be signaling more confidence in the U.S. and more 'normal' times ahead.

The question is whether this trend will last, while for so many years the markets moved in lock step – either "risk on" or "risk off." When the markets were risk on, the dollar weakened and riskier assets rose, such as commodities and stocks. The dollar would strengthen in "risk off" times, when fear gripped markets, and Treasury yields would go lower as investors rushed into bonds. But now it is the yen wilting, and commodities are going lower, not higher, as U.S. stocks soar to record highs.

»Read more
  Tuesday, 14 May 2013 | 1:53 PM ET

Jolie's Decision Boosts BRCA Test-Maker Myriad

Posted By:
Getty Images
Angelina Jolie

Shares of genetic test maker Myriad Genetics rose as much as 4 percent on Tuesday after actress Angelina Jolie detailed her decision to undergo radical double-mastectomy. The decision followed testing which showed she carried the BRCA gene for breast cancer.

Jolie detailed her decision in an op-ed in The New York Times, writing, "I carry a 'faulty' gene, BRCA1, which sharply increases my risk of developing breast cancer and ovarian cancer." Jolie, whose mother died of breast cancer, said she chose to have her breasts removed to reduce exposure.

Myriad makes the BRACAnalysis predictive test for hereditary breast and ovarian cancer which screens for the BRCA1 and BRCA2 genes. Its shares are up 19 percent year-to-date.

»Read more
  Tuesday, 14 May 2013 | 12:58 PM ET

Midday Movers: DELL, SODA, APOL & More

Posted By:

Take a look at some of Tuesday's midday movers:

At midday, all ten S&P 500 large-cap sectors are in the green. Bullish market comments from Appaloosa Management's David Tepper earlier Tuesday on CNBC cited as one reason for the rally.

Dell shares were lower after CNBC's David Faber reported that the computer maker will move up its earnings announcement to Thursday from Tuesday, May 21. Faber also reported that earnings per share are expected to be below expectations, according to sources.


»Read more
  Tuesday, 14 May 2013 | 10:00 AM ET

Oil Slides on Worries Over US Shale 'Supply Shock'

Posted By:
Getty Images
An oil drilling site in operation.

Oil is down fractionally after a new report said growing North American oil production will help meet most of the growth in global demand over the next five years.

The International Energy Agency issued its five-year outlook Tuesday and forecasts in this time period North American oil supply will have as great an impact on global marketplace as Chinese oil demand has had over last 15 years.

"The good news is that this is helping to ease a market that was relatively tight for several years ," said IEA Executive Director Maria van der Hoeven.

(Read More: US Oil Production Is Nearly on Par With Imports )

»Read more

About Market Insider

Be prepared with Market Insider. Your daily guide to events and trends that drive the financial markets. Whether it’s stocks, foreign exchange, commodities, or bonds, you'll get a distinctive look at the discussion shaping investment decisions as well a wide range of opinion.

  • Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • Greenberg is senior stocks commentator for CNBC appearing throughout business day programming and on CNBC.com.

  • A CNBC reporter since 1990, Pisani reports on Wall Street and the stock market from the floor of the New York Stock Exchange. Follow him on Twitter @BobPisani.

  • Epperson covers the global energy, metals and commodities markets from the NY Mercantile Exchange for CNBC and CNBC.com.

  • Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Editor at CNBC, commodity trader in a former life.

  • CNBC Markets Producer

  • Senior Producer at CNBC's Breaking News Desk.

  • Website Producer at CNBC