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Stock Market & Financial Investment News

News Breaks
July 29, 2014
10:00 EDTSTJ, LXU, BSX, LGF, ELGX, ABY, ZFGN, EVAR, DWAOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abengoa Yield (ABY) initiated with a Neutral at HSBC... Boston Scientific (BSX) initiated with a Neutral at Sterne Agee... DreamWorks Animation (DWA) initiated with a Market Perform at FBR Capital... Endologix (ELGX) initiated with an Outperform at Credit Suisse... LSB Industries (LXU) initiated with a Buy at Feltl... Lionsgate (LGF) initiated with an Outperform at FBR Capital... Lombard Medical (EVAR) initiated with an Outperform at Credit Suisse... St. Jude Medical (STJ) initiated with a Neutral at Sterne Agee... Zafgen (ZFGN) initiated with an Outperform at JMP Securities.
News For ABY;BSX;DWA;ELGX;LXU;EVAR;LGF;STJ;ZFGN From The Last 14 Days
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November 14, 2014
06:37 EDTDWADreamWorks competes with key Hasbro partner Disney, NY Times says
After multiple news outlets reported that Hasbro (HAS) was in talks about buying DreamWorks (DWA), The New York Times says that the toy maker holds very lucrative contracts with Disney (DIS), which views DreamWorks as a key competitor. Hasbro gets up to 30% of its revenue from products linked to Disney, the newspaper quoted some analysts as saying. Reference Link
November 13, 2014
17:10 EDTBSXBoston Scientific S-ICD System receives favorable coding, payment designations
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16:36 EDTDWAOn The Fly: Closing Wrap
Stocks on Wall Street saw another day of relatively quiet trading in a tight range, but the major averages once again finished the session higher than where they'd began. The Dow, powered by the post-earnings advance from Wal-Mart (WMT), led and closed at a new all-time high for the third time in the last four days. ECONOMIC EVENTS: In the U.S., initial jobless claims rebounded 12K to 290K in the week ending November 8, versus expectations for 280K first-time claims. The Job Openings and Labor Turnover Survey, or JOLTs report, showed job openings fell to 4.335M in September, versus the consensus forecast for 4.8M openings. The Treasury reported a $121.7B budget deficit for October, versus the consensus deficit forecast of $117B. COMPANY NEWS: Wal-Mart led the Dow, advancing $3.74, or 4.72%, to $82.94 after the world's largest retailer's earnings beat expectations and it reported U.S. comparable store sales grew 0.5% during the just-completed quarter... Warren Buffett’s Berkshire Hathaway (BRK.A) agreed to acquire the Duracell battery business from Procter and Gamble (PG) via a stock swap. In exchange for a recapitalized Duracell company, which will include approximately $1.7B in cash at closing, P&G will receive shares of its own common stock currently held by Berkshire having a current value of approximately $4.7B, the companies announced. Shares of Procter & Gamble, which also guided to FY15 core EPS growth in a mid-single digit percentage range, fell 88c, or 0.98%, to $88.60 after the deal was announced and guidance was issued. MAJOR MOVERS: Among the notable gainers was Baker Hughes (BHI), which surged $7.77, or 15.24%, to $58.75 after The Wall Street Journal said the company is in fast-moving talks to be acquired by larger peer Halliburton (HAL), which also rose 56c, or 1.05%, to $53.79 following the report. Also higher was DreamWorks Animation (DWA), which jumped $3.15, or 14.08%, to $25.52 after several media outlets reported that the animated movie maker company was in talks about selling itself to toy maker Hasbro (HAS). Hasbro shares fell $2.49, or 4.33%, to $54.98 following the reports. Also lower were shares of Revance (RVNC), which fell $4.93, or 23.48%, to $16.07 after the company said last night that the preliminary results from its ongoing open-label study suggest it still has "some work to do" to increase the probability of success for its upcoming Phase 3 pivotal program for RT001. INDEXES: The Dow rose 40.59, or 0.23%, to 17,652.79, the Nasdaq gained 5.01, or 0.11%, to 4,680.14, and the S&P 500 added 1.08, or 0.05%, to 2,039.33.
12:44 EDTDWAOn The Fly: Midday Wrap
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11:28 EDTDWAOptions with increasing implied volatility: CVEO DWA ZTZ
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10:47 EDTLGFLionsgate and CBS Films announce multi-year film distribution partnership
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10:20 EDTDWADreamWorks rallies on reports of potential takeover, Sterne Agee skeptical
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09:08 EDTDWADreamWorks Animation purchase by Hasbro would be illogical, says Sterne Agee
After media outlets reported that DreamWorks (DWA) was in talks about selling itself to Hasbro (HAS), Sterne Agee sees no logic to such a transaction and does not expect the deal to occur. The firm doesn't see why Hasbro would pay 41% of its market cap for a company that is facing serious challenges. It keeps a $17 price target and Underperform rating on DreamWorks.
07:32 EDTDWADreamWorks Animation volatility flat into Hasbro in talks to acquire report
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07:25 EDTDWAHasbro risk could be raised by Dreamworks deal, says Wells Fargo
After multiple media outlets reported that Hasbro (HAS) is in talks to buy DreamWorks Animation (DWA), Wells Fargo thinks the deal would expand Hasbro Studios' capabilities. However, the firm believes the deal could increase Hasbro's risk, given Dreamworks' mixed track record. The firm keeps an Outperform rating on Hasbro.
07:21 EDTDWAHasbro volatility flat in advanced talks to acquire DreamWorks report
Hasbro (HAS) overall option implied volatility of 17 compares to its 26-week average of 18 according to Track Data, suggesting non-directional price movement into talks to buy DreamWorks Animation (DWA), New York Times reports.
07:01 EDTDWAHasbro deal with Disney could be impacted with merger, says Piper Jaffray
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06:29 EDTDWAMattel deal with DreamWorks likely not renewed with merger, says Wells Fargo
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06:09 EDTDWADreamWorks looking for $35 per share in takeover, Deadline reports
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05:52 EDTDWAHasbro in advanced talks to acquire DreamWorks, NY Times reports
Hasbro (HAS) is in advanced talks to buy DreamWorks Animation (DWA) for a mix of cash and stock, New York Times reports, citing people briefed on the matter. DreamWorks CEO Jeffrey Katzenberg is seeking more than $30 per share, but the deal price is yet to be determined, the paper adds. Reference Link
November 12, 2014
09:10 EDTDWASamsung and M-GO launch UHD transactional VOD service
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07:27 EDTBSXNorth American Spine Society to hold annual meeting
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November 11, 2014
16:11 EDTZFGNZafgen reports Q3 EPS (65c), consensus (87c)
As a result of increased clarity related to the timing of certain pre-clinical and clinical expenses, the company now expects to end 2014 with greater than $100M in cash and cash equivalents, as compared to the previous estimate of greater than $95M. "We are pleased to increase our cash guidance at the end of calendar year 2014 to greater than $100M from $95M in cash and cash equivalents," said Patricia Allen, Chief Financial Officer of Zafgen. "We believe this financial position enables us to continue to grow our business, including executing on and obtaining clinical data from three clinical trials we will be conducting in 2014 and 2015."
November 10, 2014
10:14 EDTLGFHigh option volume stocks
High option volume stocks: UN PAGP PHH RGLS DF URA CERS DNDN LGF CALL
06:04 EDTEVARLombard Medical receives FDA clearance for expanded manufacturing facility
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