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Stock Market & Financial Investment News

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July 1, 2014
09:36 EDTAAPL, TWTR, NFLX, TSLA, VZ, MNKDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR NFLX TSLA VZ MNKD
News For AAPL;TWTR;NFLX;TSLA;VZ;MNKD From The Last 14 Days
Check below for free stories on AAPL;TWTR;NFLX;TSLA;VZ;MNKD the last two weeks.
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July 21, 2014
15:30 EDTNFLXNotable companies reporting after market close
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15:21 EDTNFLXNetflix July weekly 452 straddle priced for 8.1% move into Q2
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14:38 EDTNFLXEarnings Preview: Analysts bullish on Netflix international expansion
Netflix (NFLX) is expected to report second quarter earnings after the market close on Monday, July 21 with a conference call scheduled for 5:00 pm ET. Netflix is an Internet subscription service that allows members to watch TV shows and movies through DVD and on-demand streaming. EXPECTATIONS: Analysts are looking for earnings per share of $1.16 on revenue of $1.33B. The consensus range is 93c-$1.42 for EPS, and $1.26B-$1.34B for revenue, according to First Call. LAST QUARTER: Netflix reported first quarter EPS of 86c against estimates of 83c, on revenue of $1.27B against estimates of $1.27B. It reported Q1 domestic net additions of 2.25M with total domestic members at Q1-end of 35.67M. Netflix also reported Q1 net international subscriber additions of 1.75M. The company gave Q2 guidance at that time of $1.12. It expects to add 520,000 domestic subscribers in Q2, 940,000 international subscribers in Q2, and total members to reach 49.81 at Q2-end. The company projects 60M-90M U.S. subscribers in the long-term. NEWS: Netflix raised its membership rate in early May by $1.00 to $8.99 for new subscribers while existing subscriber rates will be frozen for two years. A couple of weeks into the rate increase, Netflix said that it has seen "small customer reaction." Netflix said that it would significant expand internationally and specifically in Europe for 2H14. It plans to expand its content breath in upcoming quarters with "meaningful" originals in each market that could compete with "the top end of cable." Speaking on CNBC, CEO Reed Hastings added that he does not expect Netflix to introduce advertising now or in the near future. STREET RESEARCH: Several analyst firms, including Pacific Crest, RW Baird, JPMorgan and Topeka, are bullish on the company due to optimism for Netflix's international expansion that appears to be accelerating. Pacific Crest added that the company's international subscribers will likely surpass expectations. Citigroup, meanwhile, lowered 2014-2017 estimates to reflect the costs of the launch of service in the European market. Ahead of the Q2 earnings report, RW Baird expects solid Q2 results and Q3 forecast to reflect new market dilution. MKM Partners also believes that the company's Q2 results will likely beat expectations, adding that the stock could double or triple in the next four or five years. PRICE ACTION: Netflix shares have risen more than to 29% since the first day of trading following the company's Q1 report. In Monday mid-day trading ahead of Q2 report, Netflix shares are trading up 1.8%.
14:30 EDTVZEarnings Preview: Verizon CEO says 1.4M postpaid subscribers added in Q2
Verizon Communications (VZ) is expected to report second quarter earnings before the market open on Tuesday, July 22, with a conference call scheduled for 7:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for EPS of 90c on revenue of $31.12B, according to First Call. The consensus range for EPS is 86c-93c on revenue of $30.84B-$31.35B. LAST QUARTER: Verizon reported first quarter adjusted EPS of 84c against estimates for 87c on revenue of $30.8B against estimates for $30.7B. For Q1, the company reported adding 549,000 net retail connections, including 539,000 net retail postpaid connections. It reported retail postpaid churn of 1.07%, 103.3M total retail connections, and 97.3M total retail postpaid connections. Consumer ARPU was up 11.3% year over year. It reported 98,000 FiOS Internet and 57,000 FiOS Video net additions in the quarter. Verizon said it continued to target consolidated top-line growth of 4% and adjusted consolidated EBITDA margin expansion in 2014, with positive contributions to profitable growth from both wireless and wireline. On July 10, during an interview on CNBC, CEO Lowell McAdam said the company added over 1.4M postpaid subscribers in Q2, with "record" tablet growth and "very strong" smartphone growth. McAdam added that Q2 churn was "very good" with margins consistent with the past several quarters. STREET RESEARCH: Street research has been mostly positive in the weeks leading up to Verizon's Q2 earnings report. On May 22, Verizon was initiated with an Outperform at Bernstein with a price target of $57. On July 1, Verizon was initiated with a Buy at BTIG and a price target of $60. On July 18, Oppenheimer added Verizon to its Triple Play list. The firm said its Triple Play stocks are rated Outperform, screen positively based on trends in earnings revisions, and have an attractive technical profile. PRICE ACTION: Verizon shares have gained approximately 10% following the company's Q1 report. However, over the past twelve months, they are up only about 1%. In afternoon trading ahead of Tuesday's Q2 report, Verizonís shares are flat.
14:27 EDTAAPLApple inventory, older iPhone demand should be watched, says BGC Financial
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14:23 EDTAAPLApple July weekly volatility elevated at 57 into Q3
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12:56 EDTVZVerizon launches rewards program for wireless customers
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12:05 EDTTWTRStocks with call strike movement; BBRY TWTR
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11:57 EDTTSLAChinese electric vehicle maker Kandi surges after tax break news
Shares of Chinese electric car maker Kandi Technologies (KNDI) are surging after a Chinese newspaper reported that electric cars made outside of China would not qualify for a key tax break in the country. WHAT'S NEW: A key sales tax will not be waived on purchases of electric cars made outside of China, said Su Bo, China's vice-minister of the Industry and Information Technology Ministry, according to China Daily. Buyers of electric vehicles made in China will not have to pay a purchase tax from September 1, 2014 until the end of 2017, China Daily stated. WHAT'S NOTABLE: Tesla Motors (TSLA), Nissan (NSANY) and GM (GM) have all sought to sell electric vehicles in China. PRICE ACTION: In late morning trading, Kandi Technologies' stock rose $1.66, or 8.5%, to $21.28. The shares are well off their high for the day of $22.22, but they have surged 80% so far this year. Tesla shares, which had spent some of the morning in slightly negative ground, were up about 1% near $222 per share just before noon.
11:13 EDTNFLXNetflix technical commentary ahead of earnings
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10:45 EDTAAPLAnalysts roll out coverage on GoPro with differing views
Shares of GoPro (GPRO) are climbing after a number of analysts initiated coverage of the stock with different outlooks. GoPro develops mountable and wearable cameras. BULLISH TAKE: JPMorgan analyst Paul Coster initiated coverage of GoPro with an Overweight rating. GoPro is gaining share in the digital camcorder market, and it has begun to penetrate "active lifestyle" markets, which are a much larger opportunity for the company, Coster believes. The company could ship 10M of its products for use by active lifestyle participants annually, the analyst estimated. In a best case scenario, the company could also sell low-cost devices for the mass market, according to Coster. However, GoPro will face competition from major companies, including Google (GOOG) and possibly Apple (AAPL) in this market, warned Coster, who set a $51 price target on GoPro. Also initiating coverage of the name with an Overweight rating was Piper Jaffray analyst Sean Naughton. GoPro is in the early stages of growth, as the company's user base is poised to expand beyond extreme sports enthusiasts, the analyst forecast. The company has a competitive advantage over other brands, which should enable it to maintain strong profitability, added Naughton, who set a $48 price target on the shares. BEARISH TAKE: Stifel analyst Jim Duffy started coverage of GoPro with a Hold rating. The company's three year growth outlook is compelling, but the stock is fully valued, the analyst believes. The company faces a number of risks, including competition in the image device market and the possibility that its relationship with key channel partners, including Best Buy (BBY), could be disrupted, the analyst wrote. Sales to Best Buy accounted for 17% of GoPro's revenue in fiscal 2013, Duffy reported. After GoPro surged following its initial public offering, the stock is likely to advance by only limited amounts, wrote Barcalys analyst Joseph Wolf, who initiated coverage of the shares with an Equal Weight rating. The stock could fall to $30 if the company is unable to increase its hardware sales or make progress in its efforts to develop a media business, the analyst warned. He set a $45 price target on the shares. PRICE ACTION: A total of seven analysts rolled out coverage today on GoPro, according to The Flyís research, with only two recommending the stock with buy-equivalent ratings. Shares of the camera marker are up 3%, or $1.10, to $42.53 in morning trading.
10:02 EDTAAPLOn The Fly: Analyst Upgrade Summary
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09:38 EDTVZ, NFLX, TSLA, AAPLActive equity options trading on open
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09:10 EDTTSLAOn The Fly: Pre-market Movers
HIGHER: Allergan (AGN), up 0.5% after Q2 results, FY14 outlook beat expectations and the company announces plans to reduce workforce by about 1,500 employees as part of restructuring. Also, Valeant (VRX) announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business"... Extreme Networks (EXTR), up 13% after raising Q4 EPS, revenue view... Gas Natural (EGAS), up 6% after confirming it rejected $13 per share unsolicited offer from Algonquin Power... EMC (EMC), up 4.5% after the WSJ says Elliot Management took a stake of over $1B in the firm and plans to push the company to break itself up... GoPro, (GPRO), up 2.8% after initiated at several firms including Citigroup, Barclays and JPMorgan... Kandi Technologies (KNDI), up 6% after China Daily said China will not to waive a sales tax on electric cars made by foreign companies. Tesla (TSLA) is down 1% following the report. UP AFTER EARNINGS: Halliburton (HAL), up 0.5%... LOWER: Reynolds American (RAI), down 2.3% after a Florida jury hit the company with $23.6B in punitive damages in a lawsuit filed by the widow of a longtime smoker. Shares of fellow tobacco companies also fell after the jury decision, as Lorillard (LO) fell 2% and Altria (MO) slid 1.6%... Yum! Brands (YUM), down 2% after AP reported that a Shanghai TV station said a food supplier sold expired beef and chicken to the company's KFC brand in China along with to McDonald's (MCD), which is down 0.7%. DOWN AFTER EARNINGS: PetMed Express (PETS), down 2.4%... Hasbro (HAS), down 1.3%.
08:17 EDTAAPLApple upgraded at JMP Securities
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07:14 EDTAAPLApple should be owned into tomorrow's results, says Piper Jaffray
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06:58 EDTTSLAForeign electric cars won't qualify for Chinese tax break, China Daily says
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06:42 EDTAAPLApple price target raised to $115 from $100 at UBS
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05:57 EDTAAPLApple upgraded to Outperform from Market Perform at JMP Securities
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July 20, 2014
13:06 EDTAAPLFormer Obama spokesman Carney said to consider job at Apple, Bloomberg says
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