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Stock Market & Financial Investment News

News Breaks
December 18, 2013
11:24 EDTAFSI, IRM, RMTI, MELIOptions with increasing implied volatility: AFSI IRM RMTI MELI
News For AFSI;IRM;RMTI;MELI From The Last 14 Days
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October 22, 2014
08:53 EDTAFSIAmTrust Financial momentum should continue after results, says SunTrust
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08:33 EDTIRMIron Mountain signs multi-year data center colocation agreement with Englewood
Iron Mountain announced it has signed a multi-year data center colocation agreement with Englewood Hospital and Medical Center, an acute care teaching hospital affiliated with the Mount Sinai School of Medicine in Englewood, New Jersey. Englewood Hospital will lease data center space within Iron Mountainís underground data center located near Pittsburgh, Pennsylvania.
05:52 EDTAFSIStocks with implied volatility movement; AFSI DOW
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October 20, 2014
08:36 EDTAFSIAmTrust Financial valuation compelling at current levels, says FBR Capital
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October 17, 2014
15:15 EDTRMTIRockwell Medical volatility elevated
Rockwell Medical November call option implied volatility is at 164, January is at 121, February is at 122; compared to its 26-week average of 76 according to Track Data, suggesting large price movement into a PDUFA Date for Triferic on January 24, 2015.
October 16, 2014
12:11 EDTMELIeBay sinks after trimming fiscal 2014 revenue outlook
Shares of e-commerce company eBay (EBAY) are sinking after the firm missed revenue expectations for the third quarter and lowered its outlook for for fiscal 2014. The mid-point of its fourth quarter earnings per share, as well as its Q4 revenue guidance also fell below analysts' consensus estimates. WHAT'S NEW: Last night, eBay reported Q3 EPS of 68c and revenue of $4.35B, compared to consensus of 67c and $4.37B, respectively. For the quarter, Marketplaces segment toatl net revenue increased $129M from last year, Payments segment total net revenue increased $330M and Enterprise segment total net revenue increased $7M. In a filing, eBay said that it had no material operating expenses directly related to a cyberattack, but noted that the cyberattack did adversely affect its Marketplaces revenue in the quarter. The company said it is currently unclear whether any loss of customer trust resulting from the breach could negatively impact its Marketplaces segment's results of operations on an ongoing basis or "require us to increase promotional efforts to regain such trust." WHAT'S NOTABLE: Looking ahead, eBay forecast Q4 EPS of 88c-91c and revenue of $4.85B-$4.95B, versus consensus estimates of 91c and $5.16B, respectively. The company announced that FY14 EPS would come in at the low end of its previous guidance of $2.95-$3.00, compared to consensus of $2.97. eBay also lowered its FY14 revenue outlook to $17.85B-$17.95B from $18B-$18.3B, versus analysts' consensus estimates of $18.15B. eBay cited slower Marketplace growth and FX headwinds for the reduced guidance. eBay said PayPal is on track to process 1B mobile transactions in 2014 and that it expects the PayPal separation to be complete in 2H15. ANALYST REACTION: This morning, research firm RBC Capital downgraded eBay to Sector Perform from Outperform following the Q3 report, citing softness in Marketplaces and lower than expected Payments segment margins. The firm lowered its price target on the shares to $55 from $62. Another firm, Stifel, said eBay shares are approaching compelling levels. However, Stifel noted that it is reluctant to become more positive on the stock without more information about the PayPal spin off, potential cost structure changes after the spin and before the stabilization of current operating trends. Stifel kept a Hold rating on the shares. CLSA downgraded eBay to Underperform from Buy and lowered its price target to $52 from $66. The firm cited ongoing issues with Marketplaces, execution risks post split, diminishing PayPal competitive advantages and potential M&A barriers. PRICE ACTION: In intra day trading, eBay fell $3.13, or about 6.3%, to $47.10 on heavy trading volume. Including today's pull back, the shares have lost approximately 12% over the past 12 months. OTHERS TO WATCH: Other ecommerce companies include Amazon.com (AMZN), down 1.8%, and Mercadolibre (MELI), down 0.9%.
10:01 EDTAFSIOn The Fly: Analyst Upgrade Summary
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08:43 EDTAFSIAmTrust Financial upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette upgraded AmTrust Financial to Outperform with a $60 price target after transferring coverage of the stock.
06:03 EDTAFSIStocks with implied volatility above IV index mean; AFSI CBS
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October 15, 2014
05:49 EDTAFSIStocks with implied volatility movement; EXXI AFSI
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October 14, 2014
17:00 EDTIRMIron Mountain closes on purchase of Keepers Brazil
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October 13, 2014
11:32 EDTMELIMercadoLibre to host investor day
Investor Day to be held in New York on October 15 at 9 am. Webcast Link
October 10, 2014
14:54 EDTAFSIAmTrust Financial management to meet with SunTrust
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October 9, 2014
11:00 EDTAFSIOptions with increasing implied volatility
Options with increasing implied volatility: ARWR PBR EXXI PWE GST GLNG WTW AFSI ETE VALE
07:33 EDTRMTIRockwell Medical announces FDA advisory committee review of Triferic
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