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Stock Market & Financial Investment News

News Breaks
February 7, 2014
16:25 EDTTWTR, TRIP, CI, ATHN, PCLN, LNKD, OWW, AAPL, EXPEOn The Fly: Closing Wrap
Stocks on Wall Street were higher despite a disappointing U.S. employment report that showed the economy added 113,000 non-farm jobs in January, well short of analysts' expectations. The averages bounced around after the market opened, but eventually found upside momentum and traded steadily higher throughout the day, closing near session highs. ECONOMIC EVENTS: In the U.S., 113,000 non-farm jobs were added last month, versus the expected increase of 180,000 jobs. The unemployment rate fell to 6.6%, hitting its lowest level since October 2008. U.S. consumer credit for December was reported at $18.8B, topping estimates for $12B and better than the revised November reading for $12.4B. COMPANY NEWS: Apple (AAPL) gained $7.44, or 1.45%, to $519.95 after CEO Tim Cook revealed to the Wall Street Journal that the company has bought back $14 billion of its own shares since it reported its earnings on January 27. Cook also said that Apple had bought back a total of more than $40 billion of its own shares over the past year... Online travel agency Expedia (EXPE) gained $9.31, or 14.29%, to $74.45 after reporting stronger-than-expected quarterly results, and a number of its online travel peers, including priceline.com (PCLN), up $58.22, or 5.11%, to $1,196.56, and Tripadvisor (TRIP), up $7.31, or 9.48%, to $84.45 and Orbitz Worldwide (OWW), up 30c, or 4.21%, to $7.43 also advanced following the news. MAJOR MOVERS: Among the notable gainers following its earnings report was healthcare services company athenahealth (ATHN), up $34.85, or 25.06%, to $173.93, putting the stock's gains over the last year near 100%. Also higher was microblogging site Twitter (TWTR), up $4.32, or 8.63%, to $54.35 as the stock rebounded following its more than 20% decline during Thursday's session after its quarterly report. Among the noteworthy losers was professional networking site LinkedIn (LNKD), down $13.86, or 6.2%, to $209.59 after giving first quarter and fiscal 2014 revenue outlooks that fell short of expectations. Also lower were shares of health insurer Cigna (CI), down $7.90, or 9.25%, to $77.47 after issuing a disappointing profit forecast for fiscal 2014. INDEXES: The Dow was up 165.55, or 1.06%, to 15,794.08; the S&P 500 was up 23.59, or 1.33%, to 1,797.02; the Nasdaq was up 68.74, or 1.69%, to 4,125.86.
News For AAPL;EXPE;PCLN;TRIP;OWW;ATHN;TWTR;LNKD;CI From The Last 14 Days
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January 26, 2016
13:51 EDTAAPLApple to make subscription content available in News app, Reuters says
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13:13 EDTPCLNYelp spike attributed to takeover speculation
An early afternoon spike in shares of Yelp (YELP) is being attributed to takeover speculation. A rumor has Priceline (PCLN) interested in a potential acquisition of Yelp, trading sources tell The Fly. Shares of Yelp are up 68c to $22.34 in early afternoon trading after earlier spiking as high as $22.87. The Fly, in fulfilling its mission of explaining stock movement, often comes across the many unconfirmed rumors being passed through trading desks and social media platforms. On the occasion that rumors or speculation appear on The Fly's news feed, it should be viewed not as giving credence to the conjecture, rather as simply highlighting its impact on the stock prices of the companies involved.
13:10 EDTAAPLApple January weekly 100 straddle priced for 6.3% movement into Q4
11:13 EDTAAPL, TWTRActive options; AAPL BAC FB NFLX C MSFT TWTR VALE FCX COH XOM AMZN
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10:40 EDTTRIPTripAdvisor adds key supplier with Starwood, says Piper Jaffray
Piper Jaffray analyst Michael Olson says that while expected following Marriott's (MAR) acquisition of Starwood, the partnership enabling Starwood's hotel inventory on TripAdvisor's (TRIP) Instant Book is a positive. TripAdvisor is making "tremendous strides" in building its supplier network, Olson tells investors in a research note. He reiterates an Overweight rating on the stock with a $120 price target.
10:33 EDTTWTRTwitter resumes its slide lower
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10:28 EDTTWTRGoPro confirms integration with Periscope
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10:24 EDTTWTRGoPro to broadcast Periscope videos, TechCrunch reports
GoPro (GPRO) is integrating with Twitter's (TWTR) Periscope, TechCrunch reports. Owners of GoPro's HERO4 cameras will be able to broadcast their videos directly to Periscope, the report says. Reference Link
09:56 EDTTWTRTwitter price target lowered to $28 from $40 at Goldman
Goldman Sachs analyst Heath Terry lowered his estimates for Twitter's MAU growth following the announced departures of five executives from the company, arguing that continued management instability likely further delays the development of the technology and product needed for Twitter to see user growth, engagement, and monetization. Terry also cut his 2016-17 revenue estimates by 5% and lowered his price target for Twitter shares to $28 from $40, but keeps a Buy rating on the stock, saying he sees value in its platform that is "significantly beyond" its current $12B market value.
09:55 EDTATHNLeerink /healthcare tech analysts hold analyst/industry conference call
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09:32 EDTAAPLActive equity options trading on open
Active equity options trading on open: FB PEP NFLX PM GM RMBS MSFT GLW AAPL
09:03 EDTTRIPStarwood, TripAdvisor announce new instant booking partnership
Starwood Hotels & Resorts Worldwide (HOT) and TripAdvisor (TRIP) have partnered to make Starwood's global hotel portfolio accessible on the TripAdvisor instant booking platform.
08:36 EDTTWTRTwitter CEO Dorsey confirms Leslie Berland as CMO
Twitter (TWTR) CEO Jack Dorsey confirmed in a tweet that Leslie Berland, an executive VP at American Express (AXP), will join the company as its new Chief Marketing Officer. Reference Link
08:26 EDTTWTRTwitter in play after executive departures, says Cantor
Cantor Fitzgerald analyst Youssef Squali believes yesterday's news of several senior executives leaving Twitter (TWTR) puts the company in play and could encourage potential bidders to step forward. Twitter's current valuation and sizeable user base makes it a strategic asset for a number of potential buyers, Squali told investors last night in a research note. Potential suitors on the technology side include Alphabet (GOOG, GOOGL), Facebook (FB) and Microsoft (MSFT), the analyst contends. On the media side, Squali thinks 21st Century Fox (FOXA), Disney (DIS), Comcast (CMCSA) or Time Warner (TWX) could express interest in Twitter. No concentration of share ownership and no super-voting structure increase the odds of a buyout, Squali argues. The analyst, however, adds that the executive departures are not good news for a company in the midst of a turnaround. He maintains a Buy rating on the microblogging operator with a $45 price target. Twitter closed yesterday down 82c, or 5%, to $17.02..
07:49 EDTAAPLApple remains a long-term attractively priced asset, says Brean Capital
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07:48 EDTAAPLApple volatility increases into Q1 and outlook
Apple 1/29/16 call option implied volatility is at 77, February is at 42. March is at 34; compared to its 52-week range of 18 to 55, suggesting large near term price movement into the expected release of Q1 results today after the market close.
06:19 EDTTWTRTwitter stopped displaying ads to certain VIP users, Re/code reports
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06:03 EDTAAPLVirnetX seeks $532M from Apple for alleged patent infringement, Bloomberg report
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05:17 EDTPCLNPriceline implied volatility of 44 at upper end of index mean range
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05:12 EDTLNKDStocks with implied volatility above IV index mean; LNKD NOK
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