Breaking News

Yesterday
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Fly Intel: Top five weekend stock stories » 19:44
02/17/20
02/17
19:44
02/17/20
19:44
GOOGL

Alphabet Class A

$1,518.35 /

+4.81 (+0.32%)

, PIR

Pier 1 Imports

$3.54 /

-0.21 (-5.60%)

, ALSMY

Alstom

$0.00 /

+ (+0.00%)

, BDRBF

Bombardier

$0.00 /

+ (+0.00%)

, AAPL

Apple

$324.91 /

-0.02 (-0.01%)

, GOOG

Alphabet

$1,519.63 /

+5.05 (+0.33%)

, FB

Facebook

$214.21 /

+1.09 (+0.51%)

, VIAC

ViacomCBS

$34.96 /

-0.03 (-0.09%)

, VIACA

ViacomCBS

$38.76 /

-0.09 (-0.23%)

Catch up on the…

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. In a statement regarding quarterly guidance, Apple (AAPL) said that: "As the public health response to COVID-19 continues, our thoughts remain with the communities and individuals most deeply affected by the disease, and with those working around the clock to contain its spread and to treat the ill. [...] Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated. As a result, we do not expect to meet the revenue guidance we provided for the March quarter due to two main factors. The first is that worldwide iPhone supply will be temporarily constrained. While our iPhone manufacturing partner sites are located outside the Hubei province - and while all of these facilities have reopened - they are ramping up more slowly than we had anticipated. [...] The second is that demand for our products within China has been affected. All of our stores in China and many of our partner stores have been closed. Additionally, stores that are open have been operating at reduced hours and with very low customer traffic." 2. Bombardier (BDRBF) announced that it has made the strategic decision to focus exclusively on business aviation and plans to accelerate its deleveraging through the sale of its rail business. Bombardier has signed a memorandum of understanding with Alstom SA (ALSMY) and the Caisse de depot et placement du Quebec for the sale of its Transportation business to Alstom. Under the transaction, Bombardier and la Caisse will sell their interests in Bombardier Transportation to Alstom on the basis of an enterprise value of $8.2B. Total proceeds, after the deduction of debt-like items and transferred liabilities, including pension obligations, and net of BT cash, are expected to be approximately $6.4B, subject to upward adjustments of up to $440M. After deducting la Caisse's equity position between $2.1B-$2.3B, Bombardier would receive net proceeds of between $4.2B-$4.5B, including $550M of Alstom shares for a fixed subscription price of EUR 47.50, monetizable after a three-month lock-up post-closing, subject to closing adjustments, indemnities and the EUR to USD exchange rate. 3. Pier 1 Imports (PIR) announced that it has entered into a Plan Support Agreement with a majority of its term loan lenders and is pursuing a sale of the company. To facilitate an orderly sale process and implement the PSA, the company and its subsidiaries have commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Eastern District of Virginia. The company also intends to use this process to complete the previously announced closure of up to 450 store locations, which includes the closure of all its stores in Canada. 4. For months now, regulators, legislators, activists, and presidential candidates have been calling out the toxic impact that big tech platforms are having on privacy, security, and consumer choice, and there are signs that regulation is starting to hurt, Eric Savitz wrote in this week's edition of Barron's. But it is actually the self-imposed checks that could be most damaging to tech's bottom line in the months to come, with Google (GOOGL) beginning to limit cookies in its Chrome browser and Apple adding a feature in its iPhone software that alerts consumers when an app tracks their location, the author noted. Meanwhile, Facebook (FB) is starting to feel the effects of restrictions on both ad targeting and measurement, as the company says that "the majority of that impact lies in front of us." 5. ViacomCBS (VIAC) subsidiary Paramount's "Sonic the Hedgehog" set a record for a video game adaption with a three-day domestic opening of $58M and $70M for the four days. Overseas, the movie launched to $43M from 40 markets for a global bow of $101M through Sunday and $113M through Monday. "Sonic the Hedgehog" sports an A CinemaScore and a 63% Rotten Tomatoes rating.

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Hot Stocks
Apple warns on coronavirus, won't meet revenue guidance » 16:12
02/17/20
02/17
16:12
02/17/20
16:12
AAPL

Apple

$324.91 /

-0.02 (-0.01%)

In a statement regarding…

In a statement regarding quarterly guidance, Apple said that: "As the public health response to COVID-19 continues, our thoughts remain with the communities and individuals most deeply affected by the disease, and with those working around the clock to contain its spread and to treat the ill. Apple is more than doubling our previously announced donation to support this historic public health effort. Our quarterly guidance issued on January 28, 2020 reflected the best information available at the time as well as our best estimates about the pace of return to work following the end of the extended Chinese New Year holiday on February 10. Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated. As a result, we do not expect to meet the revenue guidance we provided for the March quarter due to two main factors. The first is that worldwide iPhone supply will be temporarily constrained. While our iPhone manufacturing partner sites are located outside the Hubei province - and while all of these facilities have reopened - they are ramping up more slowly than we had anticipated. The health and well-being of every person who helps make these products possible is our paramount priority, and we are working in close consultation with our suppliers and public health experts as this ramp continues. These iPhone supply shortages will temporarily affect revenues worldwide. The second is that demand for our products within China has been affected. All of our stores in China and many of our partner stores have been closed. Additionally, stores that are open have been operating at reduced hours and with very low customer traffic. We are gradually reopening our retail stores and will continue to do so as steadily and safely as we can. Our corporate offices and contact centers in China are open, and our online stores have remained open throughout. Outside of China, customer demand across our product and service categories has been strong to date and in line with our expectations. The situation is evolving, and we will provide more information during our next earnings call in April. Apple is fundamentally strong, and this disruption to our business is only temporary. Our first priority - now and always - is the health and safety of our employees, supply chain partners, customers and the communities in which we operate. Our profound gratitude is with those on the front lines of confronting this public health emergency."

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Saturday
Periodicals
Facebook, Google facing real regulatory risk, Barron's says » 08:16
02/15/20
02/15
08:16
02/15/20
08:16
FB

Facebook

$214.21 /

+1.09 (+0.51%)

, AAPL

Apple

$324.91 /

-0.02 (-0.01%)

, GOOGL

Alphabet Class A

$1,518.35 /

+4.81 (+0.32%)

, GOOG

Alphabet

$1,519.63 /

+5.05 (+0.33%)

For months now,…

For months now, regulators, legislators, activists, and presidential candidates have been calling out the toxic impact that big tech platforms are having on privacy, security, and consumer choice, and there are signs that regulation is starting to hurt, Eric Savitz writes in this week's edition of Barron's. But it is actually the self-imposed checks that could be most damaging to tech's bottom line in the months to come, with Google (GOOGL) beginning to limit cookies in its Chrome browser and Apple (AAPL) adding a feature in its iPhone software that alerts consumers when an app tracks their location, the author notes. Meanwhile, Facebook (FB) is starting to feel the effects of restrictions on both ad targeting and measurement, as the company says that "the majority of that impact lies in front of us." Reference Link

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Friday
Hot Stocks
Berkshire Hathaway takes new stakes in Kroger, Biogen » 16:32
02/14/20
02/14
16:32
02/14/20
16:32
TRV

Travelers

$137.80 /

+0.9 (+0.66%)

, GS

Goldman Sachs

$237.03 /

-1.29 (-0.54%)

, WFC

Wells Fargo

$48.23 /

+0.1 (+0.21%)

, GM

General Motors

$34.76 /

-0.535 (-1.52%)

, SU

Suncor

$29.78 /

+0.27 (+0.91%)

, RH

RH

$238.06 /

+0.015 (+0.01%)

, OXY

Occidental Petroleum

$41.60 /

-0.44 (-1.05%)

, BIIB

Biogen

$332.98 /

-1.285 (-0.38%)

, KR

Kroger

$28.22 /

-0.41 (-1.43%)

, PSX

Phillips 66

$89.47 /

+0.935 (+1.06%)

, AAL

American Airlines

$29.21 /

-0.88 (-2.92%)

, AAPL

Apple

$324.91 /

-0.02 (-0.01%)

, BAC

Bank of America

$34.84 /

-0.08 (-0.23%)

, KO

Coca-Cola

$59.94 /

+0.32 (+0.54%)

, AXP

American Express

$135.87 /

+1.43 (+1.06%)

Berkshire Hathaway…

Berkshire Hathaway disclosed in an SEC filing its holdings as of December 31, 2019. Berkshire's four new buys during the fourth quarter included, by size of position, Kroger (KR) and Biogen (BIIB). Berkshire increased its stake in four holdings, including by size of previous position, Occidental (OXY), RH (RH), Suncor (SU), and General Motors (GM). Berkshire reduced its stake in eight holdings, including by size of previous position, Wells Fargo (WFC), Goldman Sachs (GS), Travelers (TRV), Phillips 66 (PSX) and American Airlines (AAL). Berkshire's top holdings as of December 31, 2019, in order of size, were Apple (AAPL), Bank of America (BAC), Coca-Cola (KO), American Express (AXP), and Wells Fargo.

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Periodicals
Apple designing own antenna for 5G iPhone, Fast Company says » 15:32
02/14/20
02/14
15:32
02/14/20
15:32
AAPL

Apple

$324.02 /

-0.91 (-0.28%)

, QCOM

Qualcomm

$89.40 /

-0.62 (-0.69%)

Apple (AAPL) is…

Apple (AAPL) is reportedly designing its own 5G antenna for its new iPhone, after balking at the QTM 525 millimeter-wave antenna module offered to the company by Qualcomm (QCOM) because "it doesn't fit into the sleek industrial design Apple wants for the new phone," according to Fast Company's Mark Sullivan, citing a source with knowledge of Apple's plans. Fast Company noted that this may be tricky for Apple, as it has designed poor antennas in the past, and 5G antennas are harder to design than other types of antennas. Reference Link

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Periodicals
Court says Apple store workers must be paid for search time, LA Times says » 11:33
02/14/20
02/14
11:33
02/14/20
11:33
AAPL

Apple

$325.63 /

+0.7 (+0.22%)

The California Supreme…

The California Supreme Court ruled unanimously that California law requires Apple to pay its workers for being searched before they depart retail stores, the Los Angeles Times' Maura Dolan reports. A group of Apple workers filed a class-action lawsuit against the company, alleging that they were forced to submit to searches before leaving the stores but were not compensated for the time those searches required, Dolan says. The U.S. 9th Circuit Court of Appeals, where the case is currently pending, asked the state's supreme court to clarify whether state law mandates compensation, Dolan notes. Reference Link

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

On The Fly
Roku jumps after forecasting FY20 revenue growth of 42% » 10:29
02/14/20
02/14
10:29
02/14/20
10:29
ROKU

Roku

$143.37 /

+4.31 (+3.10%)

, FOX

Fox Corp.

$37.36 /

-0.13 (-0.35%)

, FOXA

Fox Corp.

$37.87 /

-0.13 (-0.34%)

, DIS

Disney

$140.47 /

-0.4 (-0.28%)

, AAPL

Apple

$323.06 /

-1.87 (-0.58%)

, CMCSA

Comcast

$45.94 /

-0.12 (-0.26%)

, CMCSK

Comcast

$0.00 /

+ (+0.00%)

Shares of Roku (ROKU)…

Open Full Text

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Thursday
Periodicals
Delrahim could soon file criminal antitrust case in Silicon Valley, THR reports » 10:08
02/13/20
02/13
10:08
02/13/20
10:08
AMZN

Amazon.com

$2,152.15 /

-9.75 (-0.45%)

, AAPL

Apple

$325.55 /

-1.61 (-0.49%)

, T

AT&T

$38.08 /

+0.04 (+0.11%)

, DIS

Disney

$141.46 /

-0.38 (-0.27%)

, NFLX

Netflix

$382.69 /

+2.58 (+0.68%)

, LGF.A

Lionsgate

$10.57 /

+0.03 (+0.28%)

, LGF.B

Lionsgate

$9.93 /

+0.045 (+0.46%)

, SNE

Sony

$69.74 /

-0.96 (-1.36%)

, VIACA

ViacomCBS

$38.94 /

-0.32 (-0.82%)

, VIAC

ViacomCBS

$35.06 /

-0.24 (-0.68%)

A criminal antitrust case…

A criminal antitrust case will be filed in Silicon Valley in the next few months, DOJ antitrust chief Makan Delrahim has been privately telling people, The Hollywood Reporter's Eriq Gardner reports. Delrahim has become a "potent" business gatekeeper as the entertainment industry races to scale itself up to compete with Big Tech, and as Apple (AAPL), Google (GOOLG) and Amazon (AMZN) spend large sums on premium content, and has referred mega mergers, including the $105B tie-up between AT&T (T) and Time Warner and the $71B acquisition of most of 21st Century Fox by Disney (DIS). According to the report, as new streamers like Disney+, AT&T's HBO Max, AppleTV+ and, soon, Comcast's (CMCSA) Peacock seek to scale swiftly to compete with Netflix (NFLX) and Amazon Prime, there is speculation that mid-major studios like Lionsgate (LGF.A), MGM or even Sony Pictures (SNE) or ViacomCBS (VIACA) will soon be acquired by larger players. Reference Link

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Periodicals
Apple to reopen some Beijing stores on Feb. 14, Reuters reports » 08:32
02/13/20
02/13
08:32
02/13/20
08:32
AAPL

Apple

$327.16 /

+7.58 (+2.37%)

Apple will reopen some…

Apple will reopen some stores in Beijing on February 14 with reduced operating hours, while many of its other stores in mainland China will remain shut as the country continues to battle a coronavirus outbreak, Reuters' Brenda Goh and Meg Shen report. Reference Link

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Options
Apple call buyer realizes 83% same-day gains » 08:00
02/13/20
02/13
08:00
02/13/20
08:00
AAPL

Apple

$327.16 /

+7.58 (+2.37%)

Notable profits for the…

Notable profits for the buyer who lifted the $3.15 offer for 1,179 Apple (AAPL) 2/14 weekly 322.5 calls yesterday at 09:59ET when underlying shares were trading at $322.96. Shares closed at $327.20, and the calls at $5.75 for a mark-to-market profit of 83%, or $307K, on the $371K outlay.

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.