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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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July 28, 2015
15:34 EDTRXDXLoxo TRK data doesn't impact Ignyta investment thesis, says Piper Jaffray
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10:52 EDTNCSNCI Building has conference call hosted by Stephens
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July 27, 2015
11:22 EDTQUNRAnalyst says Chinese Internet firms seeing 'healthy' consumer demand
Chinese Internet stocks are among the many classes of Chinese stocks traded in New York that are weak this morning, though research firm Pacific Crest wrote in a note to investors today that after traveling to China and conducting checks, the firm is more upbeat on e-commerce company 58.com (WUBA), online travel agency Qunar (QUNR) and online video company Youku Tudou (YOKU). WHAT'S NEW: After speaking with Chinese advertising and e-commerce companies, as well as with Chinese companies that are exposed to online services, Pacific Crest analyst Cheng Cheng believes that consumer demand for Internet products and services is "stable and healthy." The decline in the stocks of Chinese Internet companies has created buying opportunities, Cheng believes. He identified 58.com and Qunar as his favorite picks in the sector heading into second quarter results. Both stocks have declined about 20% over the last 1-2 months, but the core businesses of both companies are accelerating, the analyst stated. Specifically, most of 58.com's end markets "are showing strong or at least healthy underlying demand," while Qunar is poised to benefit from an acceleration of demand for its hotel rooms, the analyst believes. Meanwhile, Youku is benefiting from strong demand from advertisers, wrote Cheng, who kept Overweight ratings on 58.com and Qunar and maintained a Sector Weight rating on Youku. WHAT'S NOTABLE: Cheng added that he remains "positively biased" towards Baidu (BIDU) and Alibaba (BABA). Baidu is slated to report its second quarter results tonight. He kept Overweight ratings on both stocks. PRICE ACTION: In late morning trading, 58.com slid 4.6% to $62, Qunar retreated 5.7% to $40.65 and Youku fell 4.7% to $19.20 amid broad weakness in Chinese stocks trading in New York after China's home Shanghai composite index fell 8.5% overnight.
09:36 EDTAMBAActive equity options trading on open
Active equity options trading on open: AAPL NFLX INTC MU VZ BIDU AMBA
08:43 EDTQUNRChina Internet consumer demand stable, healthy, says Pacific Crest
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07:18 EDTPETXAratana Therapeutics reports cats weight changes in AT-002 study
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July 22, 2015
16:43 EDTDSGXDescartes Systems acquires BearWare for $11.25M
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15:16 EDTTMUSFCC set to deny T-Mobile request for small carrier airwave help, Bloomberg says
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14:04 EDTTMUSFCC set to deny T-Mobile request for small carrier airwave help, Bloomberg says
09:25 EDTPETXAratana Therapeutics updates canine monoclonal antibody product pipeline
Aratana Therapeutics provided an update on the development, manufacturing and commercialization of their monoclonal antibodies targeting canine B-cell lymphoma and canine T-cell lymphoma. AT-004 has received full licensure from the United States Department of Agriculture, and AT-005 has received conditional licensure from the USDA and Aratana continues to anticipate full licensure in 2015. Aratana has completed enrollment in its second designed to assess adding AT-005 to a multi-agent chemotherapy protocol for dogs with T-cell lymphoma. Results from two studies are expected by mid-2016. Aratana continues to make AT-005 commercially available through a T-cell Clinical Experience Program. Aratana expects to report the initial results of B-CEP and the mini B-CHOMP study results in mid-2016. Aratana anticipates that it will remain manufacturing constrained on AT-004 until late-2016. Aratana expects a limited commercialization through the T-CEP and B-CEP programs until late 2016 at which time a full commercial launch is anticipated.
09:09 EDTHCLPHi-Crush Partners weakness could be excellent buying opportunity, says Cowen
Cowen noted Hi Crush Partners cut its Q2 cash distribution guidance, implying a $10 yield for the remainder of 2015. The firm feels any industry stabilization and recovery could make the stock's current valuation an excellent buying opportunity. Cowen maintained its Outperform rating and $36 price target on Hi-Crush shares.
09:09 EDTHCLPHi-Crush Partners sees capital expenditures of $10M-$15M in rest of 2015
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09:07 EDTHCLPHi-Crush Partners cuts distribution to 47.5c from 67.5c per unit
Hi-Crush Partners announced last night that the board of its general partner has declared a cash distribution of 47.5c per unit on all common and subordinated units. Hi-Crush paid distributions of $2.40 per unit on all common and subordinated units for 2014 and $0.675 per unit for the first quarter 2015. The distribution will be paid on August 14 to all common and subordinated unit holders of record on August 5. "Market conditions resulting from reduced industry sand demand and pricing worsened this quarter with further price reductions and even lower demand. Our management team, along with the Board of Directors, determined that a reduction to the quarterly cash distribution was prudent as we do not expect a rebound in sand demand or pricing until 2016. We are expecting the remainder of 2015 to be challenging with continued uncertainty in the level of well completion activity, which is a key driver of sand demand. We expect to maintain the distribution at this level for the remainder of 2015," said Laura Fulton, CFO.
07:03 EDTRXDXIgnyta names Bernard Parker as Chief Commercial Officer
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05:40 EDTTMUST-Mobile implied volatility of 34 at lower end of index mean range
July 21, 2015
16:31 EDTOIIMO2Micro receives significant battery pack protection patent
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07:18 EDTDSGXDescartes Systems acquisition positive, says RBC Capital
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July 20, 2015
16:51 EDTDSGXDescartes Systems acquires MK Data Services for $76.3M
Descartes Systems Group announced that it has acquired MK Data Services. MK Data is headquartered in Columbia, Maryland. The purchase price for the acquisition was approximately $76.3M in cash plus the assumption of approximately $7.2M of contingent and other cash payment liabilities. Descartes intends to provide further information relating to the acquisition in its public conference call relating to its Q2 of FY16 financial results, currently anticipated to be in early September. The acquisition is not expected to contribute materially to Descartes' revenues or Adjusted EBITDA for Q2 of FY16.
10:00 EDTCLVSOn The Fly: Analyst Upgrade Summary
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06:52 EDTCLVSClovis upgraded to Conviction Buy from Buy at Goldman
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