Real-time equity news
U.S. stock market report
1720 ET 21Jan2011
Wall St Week Ahead: Bar set high as stocks face pullback
The much anticipated pullback is finally under way, some investors say, after a mid-week wobble. But the market is showing it still has some juice left -- if earnings can meet towering expectations.
For details, see
Reuters Messaging: alina.selyukh.thomsonreuters.com@reuters.net
1710 ET 21Jan2011-PREVIEW
Fund managers to post higher profits
Fund companies are poised to report higher profits for the December quarter compared with a year ago as rising markets pushed up total assets. But the flows of investor dollars into their mutual funds will vary widely among firms, analysts say, making for some closely watched results as managers release earnings starting with BlackRock Inc on Jan. 25.
For details, see
BlackRock's stock rose 1.2 percent to close at $193.07 on Friday. The stock is up slightly more than 1 percent since the beginning of the year.
Reuters Messaging: alina.selyukh.thomsonreuters.com@reuters.net
1700 ET 21Jan2011-Mid-, small
cap stocks fall for week but selling eases
Mid- and small-cap stocks posted their worst week in months on Friday but the heavy selling seen earlier in the week eased as lower prices attracted some investors. For details, see
The S&P MidCap 400 index dipped 0.26 percent while the S&P SmallCap 600 lost 0.56 percent.
Reuters Messaging: alina.selyukh.thomsonreuters.com@reuters.net
1648 ET 21Jan2011
Trader flags unusual call activity in Dr Pepper
Soft drink maker Dr Pepper Snapple Group Inc has attracted unusual option activity this afternoon with much of the focus on the February $40 strike calls, said Patrick Mortimer, director of options trading at Pipeline Trading Systems. Its shares closed up 16 cents at $35.18.
More than 7,500 contracts have traded in the strike, including a block of
5,046 contracts at 15 cents per contract. While they traded mid
market at the time, the option implied volatility rose 7 percent and the stock's reaction at the time of the trade suggests these options were purchased, Mortimer said.
The strike's open interest of 2,881 contracts indicates this is an opening trade that will need Dr Pepper's stock to trade at or above its year high of $40.23 over the next four weeks to show a profit. The company is due to release quarterly earnings during the third full week of February, after these options expire. About 7,780 calls and only 44 puts traded in the stock on heavy volume, data from Trade Alert showed.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1640 ET 21Jan2011
Facebook raises $1.5 billion from investors
Facebook has raised $1.5 billion from investors, under terms that give it a value of about $50 billion, the online social network said on Friday.
Facebook said it would begin to file public financial reports no later than April 30, 2012. For details, see
Reuters Messaging: alina.selyukh.thomsonreuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2011. 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
1720 ET 21Jan2011
Wall St Week Ahead: Bar set high as stocks face pullback
The much anticipated pullback is finally under way, some investors say, after a mid-week wobble. But the market is showing it still has some juice left -- if earnings can meet towering expectations.
For details, see
Reuters Messaging: alina.selyukh.thomsonreuters.com@reuters.net
1710 ET 21Jan2011-PREVIEW
Fund managers to post higher profits
Fund companies are poised to report higher profits for the December quarter compared with a year ago as rising markets pushed up total assets. But the flows of investor dollars into their mutual funds will vary widely among firms, analysts say, making for some closely watched results as managers release earnings starting with BlackRock Inc on Jan. 25.
For details, see
BlackRock's stock rose 1.2 percent to close at $193.07 on Friday. The stock is up slightly more than 1 percent since the beginning of the year.
Reuters Messaging: alina.selyukh.thomsonreuters.com@reuters.net
1700 ET 21Jan2011-Mid-, small
cap stocks fall for week but selling eases
Mid- and small-cap stocks posted their worst week in months on Friday but the heavy selling seen earlier in the week eased as lower prices attracted some investors. For details, see
The S&P MidCap 400 index dipped 0.26 percent while the S&P SmallCap 600 lost 0.56 percent.
Reuters Messaging: alina.selyukh.thomsonreuters.com@reuters.net
1648 ET 21Jan2011
Trader flags unusual call activity in Dr Pepper
Soft drink maker Dr Pepper Snapple Group Inc has attracted unusual option activity this afternoon with much of the focus on the February $40 strike calls, said Patrick Mortimer, director of options trading at Pipeline Trading Systems. Its shares closed up 16 cents at $35.18.
More than 7,500 contracts have traded in the strike, including a block of
5,046 contracts at 15 cents per contract. While they traded mid
market at the time, the option implied volatility rose 7 percent and the stock's reaction at the time of the trade suggests these options were purchased, Mortimer said.
The strike's open interest of 2,881 contracts indicates this is an opening trade that will need Dr Pepper's stock to trade at or above its year high of $40.23 over the next four weeks to show a profit. The company is due to release quarterly earnings during the third full week of February, after these options expire. About 7,780 calls and only 44 puts traded in the stock on heavy volume, data from Trade Alert showed.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1640 ET 21Jan2011
Facebook raises $1.5 billion from investors
Facebook has raised $1.5 billion from investors, under terms that give it a value of about $50 billion, the online social network said on Friday.
Facebook said it would begin to file public financial reports no later than April 30, 2012. For details, see
Reuters Messaging: alina.selyukh.thomsonreuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2011. 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.
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