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Stock Market & Financial Investment News

News Breaks
May 29, 2014
11:21 EDTACI, QIHUStocks with call strike movement; ACI QIHU
Arch Coal (ACI) October 4.5 call option implied volatility decreased 4% to 50, Qihoo 360 (QIHU) September 20 call option implied volatility increased 2% to 51 according to IVolatility.
News For ACI;QIHU From The Last 14 Days
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October 30, 2014
10:52 EDTQIHUBaidu rises after profits beat expectations
Chinese Internet search engine Baidu (BIDU) is climbing after the company reported higher than expected profits and in-line revenue. WHAT'S NEW: Baidu reported third quarter earnings per share, excluding certain items, of $1.90, versus analysts' consensus outlook of $1.69. The company's revenue came in at $2.2B, in-line with the consensus outlook. Baidu provided Q4 revenue guidance of $2.26B-$2.32B, versus the consensus outlook of $2.3B. Last quarter, Baidu had more traffic from mobile devices than PCs, and mobile traffic generated 36% of its revenue, the company noted. "In the third quarter, our investments in mobile continued to pay off as mobile proved once again to be a strong driver of topline growth," said Baidu CFO Jennifer Li. ANALYST REACTION: Baidu's investment in mobile is starting to pay off, agreed Piper Jaffray analyst Gene Munster in a note to investors today. Additionally, the impact to Baidu from its investments in mobile appear not to have been as drastic as previously thought, and the company remains "essentially unchallenged" in the Chinese search market, wrote the analyst. He raised his price target on the shares to $267 from $222 and kept an Overweight rating on the stock. Meanwhile, research firm Stifel Nicolaus reported that the company's gross margin was about 1.5 percentage points ahead of expectations in Q3. Baidu is on track to generate about 65% of its queries from mobile devices in a year, at which point it may significantly increase the prices it charges for mobile search ads, the firm stated, adding that the company's innovation in mobile has been strong. Stifel has a $250 price target and Buy rating on the shares. PRICE ACTION: In mid-morning trading, Baidu rose 4% to $224. Other Chinese Internet names also rose, with Weibo (WB) adding 1% to $18, Renren (RENN) rising 1% to $3.45, Sohu.com (SOHU) gaining 1.5% to $44, and Qihoo 360 (QIHU) adding 0.5% to $68.50.
October 28, 2014
10:45 EDTACICONSOL rises after acknowledging long-term thermal coal MLP opportunity
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09:15 EDTQIHUQihoo 360 named a long Research Tactical Idea at Morgan Stanley
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08:16 EDTQIHUQihoo rumored to launch premium video site with Enlight, Marbridge Daily says
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07:49 EDTACIArch Coal maintains targeted sales volume in 2014
For 2014, Arch is maintaining its targeted sales volume range, which reflects the expectation for further improvement in rail service in the Powder River Basin during the fourth quarter. The company also recognizes the potential for some contracted tons in the Powder River Basin to carry over into 2015. Arch has again reduced its 2014 cost guidance range for the Bituminous Thermal segment due to a strong operating performance achieved year-to-date. The company also further reduced its corporate administrative budget, and now projects expenses of between $117 million and $121 million for 2014, representing a $7 million reduction since the start of the year. Additionally, Arch is reducing its capital expenditures for 2014, and now expects to spend between $160 million and $170 million for sustaining capital programs, inclusive of land and reserve additions.
07:49 EDTACIArch Coal believes global coal markets are in early stages of rebalancing
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07:48 EDTACIArch Coal reports total incident rate for nine months in 2014 was 15% better YoY
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07:47 EDTACIArch Coal sees western thermal operations to benefit from improving rali service
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07:46 EDTACIArch Coal reports Q3 adjusted EPS (45c), consensus (41c)
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