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Stock Market & Financial Investment News

News Breaks
July 21, 2014
09:10 EDTMCD, EXTR, KNDI, LO, TSLA, HAS, YUM, VRX, EGAS, RAI, AGN, PETS, HAL, GPRO, MO, EMCOn The Fly: Pre-market Movers
HIGHER: Allergan (AGN), up 0.5% after Q2 results, FY14 outlook beat expectations and the company announces plans to reduce workforce by about 1,500 employees as part of restructuring. Also, Valeant (VRX) announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business"... Extreme Networks (EXTR), up 13% after raising Q4 EPS, revenue view... Gas Natural (EGAS), up 6% after confirming it rejected $13 per share unsolicited offer from Algonquin Power... EMC (EMC), up 4.5% after the WSJ says Elliot Management took a stake of over $1B in the firm and plans to push the company to break itself up... GoPro, (GPRO), up 2.8% after initiated at several firms including Citigroup, Barclays and JPMorgan... Kandi Technologies (KNDI), up 6% after China Daily said China will not to waive a sales tax on electric cars made by foreign companies. Tesla (TSLA) is down 1% following the report. UP AFTER EARNINGS: Halliburton (HAL), up 0.5%... LOWER: Reynolds American (RAI), down 2.3% after a Florida jury hit the company with $23.6B in punitive damages in a lawsuit filed by the widow of a longtime smoker. Shares of fellow tobacco companies also fell after the jury decision, as Lorillard (LO) fell 2% and Altria (MO) slid 1.6%... Yum! Brands (YUM), down 2% after AP reported that a Shanghai TV station said a food supplier sold expired beef and chicken to the company's KFC brand in China along with to McDonald's (MCD), which is down 0.7%. DOWN AFTER EARNINGS: PetMed Express (PETS), down 2.4%... Hasbro (HAS), down 1.3%.
News For AGN;TSLA;EMC;RAI;LO;MO;EGAS;KNDI;GPRO;VRX;EXTR;HAL;YUM;MCD;PETS;HAS From The Last 14 Days
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July 17, 2015
10:04 EDTYUMYum! Brands mentioned cautiously by Seeking Alpha contributor
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10:00 EDTHALSchlumberger CEO says Halliburton deal creating 'uncertainty' for customers
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09:35 EDTTSLAActive equity options trading on open
Active equity options trading on open: AAPL NFLX TSLA GOOG FB GOOGL SLB
09:29 EDTGPROGoPro has upside to Q2 and Q3 volume estimates, says Cleveland Research
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08:02 EDTVRXValeant agrees to acquire Amoun Pharmaceutical
Valeant announced that it has entered into a definitive agreement under which Valeant will acquire Mercury Holdings, the holding company of Amoun Pharmaceutical, for consideration of approximately $800M, plus contingent payments. Amoun Pharmaceutical currently expects to reach EGP 1.75B by 2015, with annual growth of approximately 20%. Valeant intends for Amoun to serve as a platform for further expansion in the broader Middle East and North Africa pharmaceutical market and expects the transaction to close in the third quarter, subject to customary closing conditions.
07:42 EDTTSLAJefferies reiterates Buy rating, $360 target on Tesla
After spending two days with Tesla VP of Global Investor Relations Jeff Evanson, Jefferies analyst Dan Dolev reiterates a Buy rating on the stock with a $360 price target. China is showing signs of improvement following a new strategy, and success in Germany shows Tesla could perform well even without subsidies, Dolev tells investors in a research note. He continues to believe concerns over the electric car maker's cash flow are overblown. Shares of Tesla closed yesterday up $3.54 to $266.68.
07:09 EDTGPROAmbarella benefiting from strong drone demand, says Pacific Crest
After conducting checks, Pacific Crest says that Ambarella is benefiting from strong demand for drones and steady demand for GoPro's (GPRO) cameras. The firm thinks the stock could reach $123 if demand for action cameras in China accelerates. It keeps a $123 price target and Overweight rating on the shares.
06:56 EDTTSLATesla volatility low press conference
Tesla July call option implied volatility is at 27, July weekly is at 28, August is at 38, September is at 35; compared to its 52-week range of 29 to 62, suggesting decreasing price movement into a press conference at 2:00 p.m. ET today.
06:39 EDTAGNAllergan downgraded to Outperform from Top Pick at RBC Capital
RBC Capital downgraded Allergan to Outperform and maintained its $361 price target. The firm sees few catalysts and is less confident near-term in P&L upside, but has left estimates unchanged. RBC Capital said there are several important products subject to competitive threats that could pressure sentiment but said valuation remains attractive against solid mid-teens multi-year earnings growth.
06:22 EDTTSLAGhosn: Nissan considering using LG Chem batteries for EV, WSJ reports
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July 16, 2015
19:32 EDTMCDMcDonald's franchisees indicate lowest 6-month outlook in 12 years, WSJ says
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18:26 EDTGPROXiaomi VP says 'absolutely' coming to U.S., Bloomberg TV says
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18:18 EDTTSLATesla up almost 1% after report Elon Musk to hold press conference July 17
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14:25 EDTTSLATesla will sell Model X SUVs in China in 1H16, Bloomberg says
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13:13 EDTGPROGoPro July weekly volatility elevated into Q2 and outlook
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11:40 EDTHALStocks with call strike movement; TAP HAL
Molson Coors (TAP) October 80 call option implied volatility decreased 5% to 32, Halliburton (HAL) October 46 call option implied volatility decreased 3% to 29 according to IVolatility.
10:00 EDTYUM, MCDOn The Fly: Analyst Initiation Summary
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09:00 EDTMOAltria expands strategic framework with Philip Morris for e-vapor products
Altria (MO) announced that it is expanding its strategic framework with Philip Morris International (PM) to include a joint research, development and technology-sharing agreement. Under the agreement, Altria and PMI will collaborate to develop e-vapor products for commercialization in the United States by Altria and in markets outside the United States by PMI. The Agreement also provides for exclusive technology cross licenses, technical information sharing and cooperation on scientific assessment, regulatory engagement and approval related to e-vapor products.
08:53 EDTHALHalliburton July weekly volatility increases into Q2 and outlook
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06:59 EDTGPROPiper positive on GoPro into results, explains recent selloff
Piper Jaffray analyst Erinn Murphy views the risk/reward for shares of GoPro (GPRO) as favorable into the company's Q2 results. Murphy attributes the recent pullback in GoPro to money rotation out of the name following the initial public offering of Fitbit (FIT) as well as Goldman Sachs rolling out coverage with a Neutral rating on July 6. The analyst expects the action camera maker to beat expectations and raise guidance when reporting quarterly results next week. She keeps an Overweight rating on the name with a $68 price target. Shares of GoPro closed yesterday down 47c to $54.50.
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