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Stock Market & Financial Investment News

News Breaks
March 24, 2014
10:01 EDTQUNR, RESI, AMBA, DSGX, PETX, HCLP, OIIM, NGHC, RXDX, TMUS, ADNC, NCS, ABMD, CLVS, CECEOn The Fly: Analyst Initiation Summary
Abiomed (ABMD) initiated with an Outperform at Leerink... CECO Environmental (CECE) initiated with a Hold at Jefferies... Clovis (CLVS) initiated with a Neutral at Goldman... Descartes Systems (DSGX) initiated with an Outperform at Raymond James... NCI Building Systems (NCS) initiated with an Outperform at Credit Suisse... National General (NGHC) initiated with an Outperform at FBR Capital... Ambarella (AMBA) initiated with a Buy at Topeka... Audience (ADNC) initiated with a Buy at Topeka... O2Micro (OIIM) initiated with an Outperform at Northland Securities... Altisource Residential (RESI) initiated with a Buy at Compass Point... T-Mobile (TMUS) initiated with an Equal Weight at Evercore... Qunar (QUNR) initiated with a Neutral at Macquarie... Hi-Crush Partners (HCLP) initiated with a Buy at Ladenburg... Ignyta (RXDX) initiated with a Buy at Ladenburg... Aratana Therapeutics (PETX) initiated with a Buy at Jefferies.
News For ABMD;CECE;CLVS;DSGX;NCS;NGHC;AMBA;ADNC;OIIM;RESI;TMUS;HCLP;QUNR;RXDX;PETX From The Last 14 Days
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February 2, 2016
08:04 EDTTMUSForum Global to hold a conference
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February 1, 2016
10:31 EDTAMBAGoPro slides after analysts predict guidance this week will disappoint
Research firm Piper Jaffray and Citi predicted that GoPro's (GPRO) revenue guidance would disappoint investors when the company issues its earnings report later this week. GoPro preannounced lower than expected fourth quarter revenue on January 13. The company is expected to announce the remainder of its results, including first quarter guidance, on February 3. STREET LOW TARGET: Piper Jaffray analyst Erinn Murphy cut her price target on GoPro to $7.50 from $9, citing updated spending assumptions. The analyst expects the company's Q1 sales guidance to come in at $272M, below the Street's consensus estimate of $298M. Murphy cut her Q1 EPS estimate for the company to 0c from 10c, and warned that the company could report a Q1 loss if its "sales remain tepid." She kept an Underweight rating, the firm's equivalent of a "Sell," on the shares. GoPro's channel inventory was probably too high at the end of last quarter, and the company likely has about $200M of inventory, Citi analyst Jeremy David estimated. Given the company's "challenging sell-through" and probable inventory reductions by channel sellers, its Q1 guidance will probably come in below expectations, according to David. Specifically, GoPro will provide guidance of a 20c to 25c per share loss and its revenue guidance will come in at $230M-$250M, the analyst believes. The consensus forecast, based on the predictions of sixteen analysts, is for GoPro to report a loss of 5c per share in Q1, according to First Call. David predicted that the shares would be range bound in February and March, but he added that the stock could drop below $9. Later on this year, the stock could rise modestly as the launches of the company's new Karma and HERO5 cameras approach, said the analyst, who kept a $12 price target and Neutral rating on the shares. PRICE ACTION: In early trading, GoPro fell 6% to $10.75. Shares of supplier Ambarella (AMBA), which has often moved in tandem with GoPro in the past, slipped 5%.
10:05 EDTRESIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Acadia (ACHC) initiated with an Overweight at KeyBanc... Altisource Residential (RESI) initiated with a Neutral at Nomura... Colony Starwood Homes (SFR) initiated with a Buy at Nomura... EyeGate (EYEG) initiated with a Buy at Rodman & Renshaw... Fortinet (FTNT) initiated with an Outperform at Northland... Halozyme (HALO) initiated with a Buy at Canaccord... Lendingtree (TREE) initiated with an Outperform at Northland... Lindblad Expeditions (LIND) initiated with an Outperform at Credit Suisse... Summit Therapeutics (SMMT) initiated with a Buy at Canaccord... VolitionRx (VNRX) initiated with a Buy at Rodman & Renshaw.
08:46 EDTRESIAltisource Residential initiated with a Neutral at Nomura
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January 31, 2016
14:02 EDTQUNRCtrip shares could rise 30% in a year, Barron's says
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January 28, 2016
11:16 EDTAMBAAmbarella spikes higher, take out recent resistance
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10:57 EDTAMBAAmbarella call activity attributed to renewed takeover chatter
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10:53 EDTAMBARumor: Ambarella strength attributed to renewed takeover chatter
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09:04 EDTTMUST-Mobile adds Amazon Video, other services to 'Binge On'
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January 27, 2016
17:15 EDTNGHCNational General to acquire Standard Mutual Insurance Company
National General Holdings Corp. announced that it has entered into a definitive agreement, pending regulatory and policyholder approval, to acquire Standard Mutual Insurance Company, an Illinois based property and casualty underwriter, following the completion of the conversion of SMIC to a stock company from a mutual company. The transaction is expected to close in Q2, subject to customary closing conditions and regulatory approvals. National General CEO Michael Karfunkel said, "We expect the transaction will be immediately accretive to earnings."
08:13 EDTOIIMO2Micro reports Q4 EPS (50c), may not compare to consensus (14c)
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08:03 EDTCLVSClovis Oncology initiates immunotherapy combination trial
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January 26, 2016
10:00 EDTNGHCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Entertainment (AMC) upgraded on valuation, 2017 outlook at RBC Capital... America Movil upgraded to Overweight from Equal Weight at Morgan Stanley... BNC Bancorp (BNCN) upgraded to Buy from Hold at Gabelli... Casella Waste (CWST) upgraded to Strong Buy from Outperform at Raymond James... Cenovus Energy (CVE) upgraded to Buy from Neutral at Goldman... Cracker Barrel (CBRL) upgraded to Buy from Neutral at SunTrust... D.R. Horton (DHI) upgraded to Buy from Hold at Zelman... Edison International (EIX) upgraded to Buy from Hold at Evercore ISI... First Financial Bancorp (FFBC) upgraded to Buy from Hold at Sandler O'Neill... Hartford Financial (HIG) upgraded to Overweight from Neutral at Atlantic Equities... Heartland Financial (HTLF) upgraded to Buy from Hold at Sandler O'Neill... MFA Financial (MFA) upgraded to Overweight from Neutral at JPMorgan... National General (NGHC) upgraded to Overweight at Morgan Stanley... Navios Maritime Partners (NMM) upgraded to Overweight from Neutral at JPMorgan... PG&E (PCG) upgraded to Buy from Hold at Evercore ISI... SBA Communications (SBAC) upgraded to Buy from Hold at Stifel... Sally Beauty (SBH) upgraded to Outperform from Perform at Oppenheimer... Sanmina (SANM) upgraded to Neutral from Sell at Citi... Scorpio Bulkers (SALT) upgraded to Overweight from Neutral at JPMorgan... Southern Company (SO) upgraded to Hold from Sell at Evercore ISI... Southern Copper (SCCO) upgraded to Overweight from Neutral at JPMorgan... Vodafone (VOD) upgraded to Buy from Hold at Jefferies.
08:17 EDTNGHCNational General upgraded to Overweight at Morgan Stanley
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07:24 EDTNGHCNational General upgraded to Overweight from Equal Weight at Morgan Stanley
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January 25, 2016
19:28 EDTPETXOn The Fly: After Hours Movers
UP AFTER EARNINGS: Swift Transportation (SWFT), up 5.4%... Sanmina (SANM), up 4.6%... Rambus (RMBS), up 6.6%. ALSO HIGHER: Aratana Therapeutics (PETX), up 12.9% after filing a New Animal Drug Application with the FDA... Relypsa (RLYP), up 16.5% after announcing results from Veltassa drug-drug interaction studies. LOWER: Centene (CNC), down 1.9% after announcing an internal search for six hard drives that are unaccounted for.
16:47 EDTPETXAratana Therapeutics files New Animal Drug Application with FDA
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09:04 EDTTMUSSprint doubles number of LTE Plus markets
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09:04 EDTNGHCNational General agrees to acquire CNIC for about $315M
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08:03 EDTCLVSClovis appoints Dale Hooks as Chief Commercial Officer
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