Real-time equity news
U.S. stock market report
1727 ET 16Dec2010
Smart Modular tumbles after results, outlook
Shares of Smart Modular Technologies sank 9.7 percent to $5.75 in extended trading on Thursday after the company reported first-quarter revenue that missed expectations and forecast weak second-quarter results.
For details, see
Reuters Messaging: ryan.vlastelica.thomsonreuters.com@reuters.net
1722 ET 16Dec2010
US economic diary for Dec. 17
There are no S&P 500 companies scheduled to report quarterly results on Friday.
Economic indicators on tap include the November leading index change.
Reuters Messaging: ryan.vlastelica.thomsonreuters.com@reuters.net
1650 ET 16Dec2010
Wall Street gains on FedEx outlook, tech strength
U.S. stocks, bucking a trend of late-day selloffs, ended higher on Thursday as economic bellwether FedEx offered a bullish profit outlook that augured well for broad growth. Stocks that performed well in 2010 were among the day's biggest gainers as investors sought to boost returns by the year's end. Advancing stocks outnumbered decliners by more than two to one on both the New York Stock Exchange and Nasdaq.
Reuters Messaging: leah.schnurr.thomsonreuters.com@reuters.net
1636 ET 16Dec2010
RIM ADRs climb after results
U.S.-listed shares of BlackBerry maker Research In Motion gained 3.4 percent to $61.25 in extended trading on Thursday after the company reported third-quarter earnings and revenue that beat expectations.
For details, see
Reuters Messaging: ryan.vlastelica.thomsonreuters.com@reuters.net
1630 ET 16Dec2010
Take Two shares climb after results
Shares of Take Two Interactive Software Inc advanced 6.9 percent to $12.76 in extended trading on Thursday after the company reported its fourth-quarter results, which included sales growth of 32 percent.
For details, see
Reuters Messaging: ryan.vlastelica.thomsonreuters.com@reuters.net
1627 ET 16Dec2010
Oracle shares rally after results
Shares of Oracle Corp gained 3.8 percent to $31.42 in extended trading on Thursday after the software company reported second-quarter earnings and sales that beat expectations.
For details, see
Reuters Messaging: ryan.vlastelica.thomsonreuters.com@reuters.net
1612 ET 16Dec2010
SFG focuses on upside positioning in BofA
In recent trading, Susquehanna Financial Group said it noticed consistent bullish flow in banking exchange-traded funds such as the SPDR KBW Bank fund and KBW Regional Bank Index fund. Against this backdrop, bank analyst David Hilder repeated his positive rating on Bank of America Corp , highlighting potential settlement of private mortgage-backed securities overhang as a potentially significant positive for the shares. BofA has been a notable underperformer in the group since the latest rally began in late August. While long calls could be attractive, SFG prefers long August call spreads as a way to lower volatility exposure and lever low skew levels. For example based on Wednesday's close, the August $13/$17.5 call spread could be bought for $1.04. SFG choose the August cycle to coincide with flow in the ETFs and to gain exposure to BofA's second-quarter earnings expected in July, noting there is no way to forecast the timing of any potential settlement. The spread would give investors exposure to a move above $13 with risk limited to the spread's cost. The maximum profit on the position would be capped at or above $17.50, at which point investors would see a profit of $3.46 at expiration, SFG said.
Reuters Messaging: doris.frankel.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
U.S. stock market report
1727 ET 16Dec2010
Smart Modular tumbles after results, outlook
Shares of Smart Modular Technologies sank 9.7 percent to $5.75 in extended trading on Thursday after the company reported first-quarter revenue that missed expectations and forecast weak second-quarter results.
For details, see
Reuters Messaging: ryan.vlastelica.thomsonreuters.com@reuters.net
1722 ET 16Dec2010
US economic diary for Dec. 17
There are no S&P 500 companies scheduled to report quarterly results on Friday.
Economic indicators on tap include the November leading index change.
Reuters Messaging: ryan.vlastelica.thomsonreuters.com@reuters.net
1650 ET 16Dec2010
Wall Street gains on FedEx outlook, tech strength
U.S. stocks, bucking a trend of late-day selloffs, ended higher on Thursday as economic bellwether FedEx offered a bullish profit outlook that augured well for broad growth. Stocks that performed well in 2010 were among the day's biggest gainers as investors sought to boost returns by the year's end. Advancing stocks outnumbered decliners by more than two to one on both the New York Stock Exchange and Nasdaq.
Reuters Messaging: leah.schnurr.thomsonreuters.com@reuters.net
1636 ET 16Dec2010
RIM ADRs climb after results
U.S.-listed shares of BlackBerry maker Research In Motion gained 3.4 percent to $61.25 in extended trading on Thursday after the company reported third-quarter earnings and revenue that beat expectations.
For details, see
Reuters Messaging: ryan.vlastelica.thomsonreuters.com@reuters.net
1630 ET 16Dec2010
Take Two shares climb after results
Shares of Take Two Interactive Software Inc advanced 6.9 percent to $12.76 in extended trading on Thursday after the company reported its fourth-quarter results, which included sales growth of 32 percent.
For details, see
Reuters Messaging: ryan.vlastelica.thomsonreuters.com@reuters.net
1627 ET 16Dec2010
Oracle shares rally after results
Shares of Oracle Corp gained 3.8 percent to $31.42 in extended trading on Thursday after the software company reported second-quarter earnings and sales that beat expectations.
For details, see
Reuters Messaging: ryan.vlastelica.thomsonreuters.com@reuters.net
1612 ET 16Dec2010
SFG focuses on upside positioning in BofA
In recent trading, Susquehanna Financial Group said it noticed consistent bullish flow in banking exchange-traded funds such as the SPDR KBW Bank fund and KBW Regional Bank Index fund. Against this backdrop, bank analyst David Hilder repeated his positive rating on Bank of America Corp , highlighting potential settlement of private mortgage-backed securities overhang as a potentially significant positive for the shares. BofA has been a notable underperformer in the group since the latest rally began in late August. While long calls could be attractive, SFG prefers long August call spreads as a way to lower volatility exposure and lever low skew levels. For example based on Wednesday's close, the August $13/$17.5 call spread could be bought for $1.04. SFG choose the August cycle to coincide with flow in the ETFs and to gain exposure to BofA's second-quarter earnings expected in July, noting there is no way to forecast the timing of any potential settlement. The spread would give investors exposure to a move above $13 with risk limited to the spread's cost. The maximum profit on the position would be capped at or above $17.50, at which point investors would see a profit of $3.46 at expiration, SFG said.
Reuters Messaging: doris.frankel.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.