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Stock Market & Financial Investment News

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July 7, 2014
16:01 EDTTWTR, AAPL, FB, GILD, TSLA, ACIOptions Update; July 7, 2014
iPath S&P 500 VIX Short-Term Futures up 26c to 27.43 Option volume leaders: AAPL VZ AA GILD ACI FB AMZN TWTR TSLA according to Track Data.
News For AAPL;ACI;GILD;TWTR;TSLA;FB From The Last 14 Days
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November 6, 2014
16:00 EDTAAPL, TWTR, GILD, FBOptions Update; November 6, 2014
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15:52 EDTAAPLApple appears to be crawling HTML sites with bot, AppleInsider says
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15:13 EDTGILDAmerican Association for Study of Liver Diseases to hold a meeting
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13:42 EDTTSLATesla climbs after results beat expectations, analysts split on outlook
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13:04 EDTTSLAOn The Fly: Midday Wrap
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13:04 EDTAAPLEarnings Preview: Analysts positive on NVIDIA ahead of Q3 earnings report
NVIDIA (NVDA) is expected to report third quarter earnings after the close on Thursday, November 6, with a conference call scheduled for 5:00 pm ET. NVIDIA is a semiconductor manufacturer that produces graphics chips used in personal computers as well as mobile processors used in cell phones and tablets. EXPECTATIONS: Analysts are looking for earnings per share of 29c on revenue of $1.2B. The consensus range is 27c-31c for EPS on revenue of $1.2B-$1.22B, according to First Call. In its last earnings report, NVIDIA said it expects Q3 revenue of $1.2B, plus or minus 2%, which was higher than analysts' consensus of $1.16B at the time. LAST QUARTER: On August 6, NVIDIA reported second quarter EPS of 30c, which beat the consensus forecast of 20c, on revenue of $1.1B, which matched analysts consensus of $1.1B. COMPANY NEWS: On August 26, NVIDIA, VMWare (VMW) and Google (GOOG) announced a collaboration to deliver high-performance virtual desktops and workstation-class graphic on Google Chromebooks. The partnership is anticipated to broaden the hardware options for high-performance virtual desktops. On September 4, NVIDIA announced that it filed complaints against Samsung (SSNLF) and Qualcomm (QCOM) at the International Trade Commission and in the U.S. District Court in Delaware, alleging that the companies were both infringing NVIDIA GPU patents covering technology including programmable shading, unified shaders and multithreaded parallel processing. The identified Samsung products included the Galaxy Note Edge, Galaxy Note 4, Galaxy S5, Galaxy Note 3 and Galaxy S4 mobile phones and the Galaxy Tab S, Galaxy Note Pro and Galaxy Tab 2 computer tablets. STREET RESEARCH: On August 8, Needham upgraded NVIDIA to Buy from Hold. The firm believed that the change in the company's strategy reduced its earnings volatility and raised its margins, while the stock's decline has created a good entry point. The firm also noted that the company reported better than expected results and provided stronger than expected guidance. NVIDIA announced that it had filed graphics processing units patent infringement lawsuits against both Samsung and Qualcomm, Stifel said on September 5 that the lawsuits could at a minimum cause other companies to conclude licensing deals with NVIDIA. The firm kept a $22 price target and Buy rating on NVIDIA. After NVIDIA (NVDA) filed lawsuits against Qualcomm (QCOM) and Samsung, JMP Securities noted that there was a good chance that NVIDIA would obtain a favorable ruling or settlement that is equal or greater to the $1.5B deal it cut with Intel (INTC). The firm thought that other companies, most notably Apple (AAPL), would launch talks with NVIDIA in the wake of the lawsuit. JMP Securities recommended buying NVIDIA ahead of upcoming Apple product refreshes and what it sees as accelerating growth trends for NVIDIA. The firm was upbeat about NVIDIA's new products and reiterated an Outperform rating. Pacific Crest upgraded NVIDIA to Sector Perform from Underperform on November 3. The firm expected the company's share gains in high end desktop GPU and AMD's (AMD) product delays to enable NVIDIA's results to meet or exceed consensus estimates in the near to medium term. PRICE ACTION: Since issuing preliminary earnings on August 6, shares of NVIDIA are up over 12.5%. During late-morning trading, shares of NVIDIA are down fractionally to $20.02.
12:33 EDTTSLAPolypore jumps after signing letter of intent with Panasonic
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12:20 EDTGILDStocks with call strike movement; RIG GILD
Transocean (RIG) February 33 call option implied volatility decreased 7% to 42, Gilead (GILD) May 130 call option implied volatility increased 2% to 38 according to IVolatility.
09:51 EDTTWTRRumor: Twitter moves off lows on activist investor speculation
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09:40 EDTGILD, TSLA, AAPLActive equity options trading
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09:11 EDTTSLAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Tesla (TSLA), up 0.6%... CBS (CBS), up 2.3%... Whole Foods (WFM) up 8.4%... American Capital (ACAS), up 9.5%... Horizon Pharma (HZNP) up 6.8%... Kate Spade (KATE), up 10%. ALSO HIGHER: Planar Systems (PLNR), up 70%, upgraded at Needham following the company's Q4 results... Tableau (DATA), up 9.8%, upgraded at RBC Capital following the company's Q3 earnings report... Allergan (AGN), up 1% after disclosing in new regulatory filing that discussions between the company and another unnamed party regarding a potential merger transaction have continued and "may lead to negotiations.” DOWN AFTER EARNINGS: Qualcomm (QCOM), down 6.9%... Zillow (Z), down 6.7%... PhotoMedex (PHMD), down 17.3%... Kulicke & Soffa (KLIC), down 7%... BioScrip (BIOS), down 5.8%. ALSO LOWER: Solazyme (SZYM), down 47%, downgraded at RW Baird, Pacific Crest and Cowen following the company's Q3 report... Genworth (GNW), down 23%, downgraded at Compass Point following the company's Q3 results... Cornerstone OnDemand (CSOD), down 19%, downgraded at various firms including William Blair and FBR Capital following the company's Q3 report.
08:39 EDTGILDGilead submits NDA to FDA for elvitegravir, emtricitabine, tenofovir alafenamid
Gilead Sciences announced that it has submitted a New Drug Application to the U.S. Food and Drug Administration for an investigational, once-daily single tablet regimen containing elvitegravir 150 mg, cobicistat 150 mg, emtricitabine 200 mg and tenofovir alafenamide 10 mg for the treatment of HIV-1 infection in adults. The data submitted in the NDA support the use of the regimen among adult and adolescent treatment-naïve HIV individuals, virologically suppressed patients who switch regimens and those with renal impairment. Gilead plans to submit a regulatory application for E/C/F/TAF in the European Union by the end of 2014.
08:39 EDTTSLAPolypore deal a substantial development, says Cowen
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08:07 EDTTSLATesla share price reaction unsustainable, says BofA/Merrill
BofA/Merrill said Tesla shares strength in aftermarket trading is unsustainable and reiterates its Underperform rating and $75 price target. The analyst notes Q3 deliveries and revenues were below forecasts, cash flow burn has no end in sight, 2014 delivery targets were revised lower, Q4 EPS guidance was below consensus, and the Model X launch was delayed.
07:10 EDTTSLATesla operational challanges show in Q3, says JPMorgan
JPMorgan says the "multiple operational difficulties" in Tesla's Q3 results highlight the company's "underappreciated execution risk." The firm believes Tesla "has its work cut out for it" to meet the goals it set for itself as well as high investor expectations. JPMorgan keeps a Neutral rating on the stock with a $190 price target.
06:57 EDTTSLATesla demand no longer an issue, says Pacific Crest
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06:49 EDTTSLATesla Q4 margins 'somewhat' weaker than expected, says Deutsche Bank
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06:40 EDTAAPLApple passes Samsung to become China's top mobile brand, CNet reports
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06:38 EDTAAPLApple may be planning glasses-free 3D display for next iPhone, MacRumors says
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06:22 EDTAAPLGlobal companies silent on local impact, transparency report shows
Transparency International issued a report saying that global companies are saying too little regarding their businesses abroad. The agency said, "The world’s biggest companies disclose little or no financial details about their operations outside their home country, a new report from Transparency International reveals. Ninety of the 124 companies assessed do not disclose the taxes they pay in foreign countries, while 54 disclose no information on their revenues in other countries. BHP Billiton (BHP), Eni (E), Statoil (STO) and Vodafone (VOD) scored more than six out of ten. The four companies report on a range of corruption prevention measures and disclose details of subsidiaries. However, only three companies, Statoil, Telefónica (TEF) and Vodafone score above 50% for country-by-country reporting, disclosing tax payments in almost all the countries where they operate, though not all financial data. Forty-four of the firms in the report are American, of which Amazon (AMZN), Berkshire Hathaway (BRK.A, BRK.B) and Google (GOOG) performed worst. Only two US companies publish tax payments in foreign countries, ConocoPhilips (COP) in Canada, Walmart (WMT) in Chile. Surprisingly, the sector that makes greater transparency possible is one of the least transparent. U.S. tech giants Amazon, Apple (AAPL), Google and IBM (IBM) all score less than three out of ten." Reference Link
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