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Stock Market & Financial Investment News

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June 11, 2014
10:00 EDTUMC, SNDK, TAP, ETR, COP, ACHN, SYK, RAI, MU, EW, ANGI, SKUL, PB, MRVL, DSX, AMZNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Achillion (ACHN) upgraded to Outperform from Neutral at RW Baird... Amazon.com (AMZN) upgraded to Conviction Buy from Buy at Goldman... Angie's List (ANGI) upgraded to Buy from Hold at Wunderlich... ConocoPhillips (COP) upgraded to Outperform from Sector Perform at Howard Weil... Diana Shipping (DSX) upgraded to Equal Weight from Underweight at Barclays... Edwards Lifesciences (EW) upgraded to Outperform from Market Perform at JMP Securities... Entergy (ETR) upgraded to Neutral from Sell at UBS... Marvell (MRVL) upgraded at Nomura... Micron (MU) upgraded to Buy from Underperform at BofA/Merrill... Molson Coors (TAP) upgraded at BofA/Merrill... Prosperity Bancshares (PB) upgraded to Buy from Neutral at Sterne Agee... Reynolds American (RAI) upgraded at BofA/Merrill... SanDisk (SNDK) upgraded to Buy from Underperform at BofA/Merrill... Skullcandy (SKUL) upgraded to Neutral from Underweight at Piper Jaffray... Stryker (SYK) upgraded to Buy from Hold at Argus... United Microelectronics (UMC) upgraded to Buy from Neutral at BofA/Merrill.
News For ACHN;AMZN;ANGI;COP;DSX;EW;ETR;MRVL;MU;TAP;PB;RAI;SNDK;SKUL;SYK;UMC From The Last 14 Days
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July 21, 2015
07:45 EDTAMZNSell PayPal amid mounting payments competition, Piper says
Shares of PayPal (PYPL) advanced over 5% yesterday in the stock's first day of trading following a split from eBay (EBAY), with the majority of research firms issuing optimistic notes on its prospects. This morning, however, analyst Gene Munster of Piper Jaffray recommends selling the share as competition grows in the digital payments space. BEARS: Munster started shares of PayPal with an Underweight rating, the firm's equivalent of a "Sell," saying increased competition could pressure the stock's multiple over the next 6-24 months. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in his research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal. Of note, Evercore ISI also started coverage of PayPal shares yesterday with a Sell rating. BULLS: Wells Fargo initiated coverage of PayPal yesterday with an Outperform rating, saying the company's unique assets will enable it to maintain its leadership role in digital payments and benefit from the growth of e-commerce. Also upbeat was Robert W. Baird analyst Colin Sebastian, who contends that PayPal has the top pure play online payment system and is continuing to grow its share of the Internet payment market. PayPal should be able to innovate more effectively after its spin-off, added the analyst, who set a $45 price target on the shares. PRICE ACTION: Shares of PayPal are pointing toward further gains in their second day of standalone trading, with the stock up about 2.7% to $41.55 in pre-market trading.
05:51 EDTUMCUMC enters volume production for AMD chips using TSV, DigiTimes reports
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05:34 EDTAMZNPayPal initiated with an Underweight at Piper Jaffray
Piper Jaffray analyst Gene Munster started shares of PayPal (PYPL) with an Underweight rating saying increased competition could pressure the stock's multiple over the next 6-24 months. Underweight is Piper's equivalent of a sell rating. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in a research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal, which began trading yesterday following a spinoff from parent company eBay (EBAY). Shares of the online payment system closed Monday up $2.08 to $40.47.
July 20, 2015
17:20 EDTAMZNAmazon plans $5B investment in India ahead of Prime launch, ET says
Amazon is preparing a total investment of $5B in India and plans to launch Amazon Prime and Amazon Instant Video in the country later this year, the Economic Times reported earlier, citing two people directly familiar with the matter. Reference Link
16:01 EDTMUOptions Update; July 20, 2015
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13:46 EDTAMZNAmazon seen eclipsing Macy's as top U.S. clothing retailer
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13:18 EDTMUOptions with increasing call volume
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13:10 EDTMUMicron calls Tsinghua takeover offer unrealistic, Reuters reports
Micron has told Tsinghua Unigroup that its $23B takeover offer is unrealistic due to U.S. national security concerns, reports Reuters, citing people familiar with the matter. Sources said Micron believes the Committee on Foreign Investment in the United States, a government task force which Reuters notes has the power to stop mergers that threaten national security, would not approve Tsinghua's proposed deal. Micron has not formally hired an investment bank because it is not seriously considering Tsinghua's offer, the sources added. Reference Link
12:58 EDTMUMicron does not think U.S. would approve deal with Tsinghua, Reuters reports
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10:17 EDTMUHigh option volume stocks
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10:00 EDTAMZN, SNDKOn The Fly: Analyst Upgrade Summary
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09:34 EDTMUActive equity options trading on open
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08:13 EDTSNDKSanDisk upgraded to Neutral at Nomura
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08:04 EDTSYKStryker announces definitive agreement tyo acquire Muka Metal
Stryker announced a definitive agreement to acquire Muka Metal, A.S. in an all cash transaction. Muka, headquartered in Kayseri, Turkey, sells hospital beds, stretchers and related patient room furniture and accessories that serve markets across Turkey and other regions globally. Upon closing, the transaction is expected to be neutral to Stryker's FY15 EPS excluding acquisition, integration-related and intangible amortization charges and accretive thereafter. The transaction is expected to close in Q3.
07:48 EDTAMZNAmazon.com Q2 results poised to beat expectations, says Bernstein
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06:57 EDTAMZNAmazon.com upgraded to Outperform from Market Perform at Cowen
Cowen analyst John Blackledge upgraded Amazon.com to Outperform based on expectations the company will be number 1 U.S. apparel retailer by 2017, driven by accelerating purchasing growth. Growth is being driven by a much larger selection, ramping 1P brand relationships and superior fulfillment and technology. BlackLedge said Amazon's long-term investment philosophy in massive retail and technology markets is increasingly paying off and should continue to win as it attracts U.S. retail TAM as wall as International e-commerce leadership. Further, he expects Amazon.com's leadership to continue in the fast-growing public cloud market. BlackLedge raised his price target on Amazon shares to $565 from $435.
06:47 EDTAMZNAmazon.com upgraded to Outperform from Neutral at Wedbush
Wedbush analyst Michael Pachter upgraded Amazon.com to Outperform and increased its price target to $575 from $435 on strong fundamentals and significant growth opportunities. Pachter sees faster AWS growth, momentum in the AWS Marketplace, better than expected Prime growth, greater sales traction from Prime Day, and increased likelihood it can add at least $2B in revenue from capturing PayPal payments. The firm's analyst expects solid Q2 revenue on Thursday of $22.4B versus guidance of $20.6B-$22.8B from new Prime members and from incremental AWS accounts.
06:11 EDTSNDKSanDisk upgraded to Neutral from Reduce at Nomura
06:03 EDTUMCUnited Microelectronics enters volume production for the TSV Technology
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06:00 EDTMRVLStocks with implied volatility movement; BTU MRVL
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