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Stock Market & Financial Investment News

News Breaks
April 18, 2013
10:00 EDTESE, APA, FDX, EWBC, ALKS, TSM, EXPD, EBAY, HBANOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Alkermes (ALKS) downgraded to Neutral from Buy at Mizuho... Apache (APA) downgraded to Neutral from Overweight at JPMorgan... eBay (EBAY) downgraded to Neutral from Outperform at Macquarie... ESCO Technologies (ESE) downgraded to Perform from Outperform at Oppenheimer... East West Bancorp (EWBC) downgraded to Market Perform from Outperform at BMO Capital... Expeditors (EXPD) downgraded to Underperform from Sector Perform at RBC Capital... FedEx (FDX) downgraded to Underperform from Sector Perform at RBC Capital... Huntington Bancshares (HBAN) downgraded to Neutral from Buy at Compass Point... TSMC (TSM) downgraded to Equal Weight from Overweight at Morgan Stanley... eBay (EBAY) downgraded at Macquarie... East West Bancorp (EWBC) downgraded at Sterne Agee.
News For ALKS;APA;EBAY;EWBC;ESE;EXPD;FDX;HBAN;TSM From The Last 14 Days
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May 22, 2015
07:07 EDTTSMTSMC to manufacture Cirrus Logic audio chips, DigiTimes says
TSMC (TSM) will manufacture Cirrus Logic (CRUS) audio chips after Cirrus Logic shifted its orders back to TSMC from Vanguard International Semiconductor, reports DigiTimes. Reference Link
05:50 EDTEBAYPayPal's Dan Schulman expects new services for mobile world, AP reports
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May 21, 2015
12:52 EDTEBAYESPN and StubHub agree to content distribution deal, Variety reports
Disney's (DIS) ESPN has agreed to a content distribution deal with eBay's (EBAY) StubHub, reports Variet. Terms of the deal were not disclosed. ESPN plans to feed scores, team stats and articles to StubHub's app, a feature that will be available in the U.S., the U.K. and Canada. Reference Link
09:58 EDTALKSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Alibaba (BABA) initiated with an Outperform at Bernstein... Alkermes (ALKS) initiated with an Overweight at Barclays... Burlington Stores (BURL) initiated with an Outperform at FBR Capital... Crocs (CROX) initiated with a Neutral at B. Riley... Darling (DAR) initiated with a Buy at Roth Capital... Dynegy (DYN) initiated with an Outperform at RBC Capital... Esperion (ESPR) initiated with an Overweight at Barclays... Five Below (FIVE) initiated with a Market Perform at FBR Capital... Intercept (ICPT) initiated with an Overweight, $450 target at Barclays... Johnson Matthey (JMPLY) initiated with a Buy at Jefferies... Nike (NKE) initiated with a Buy at Jefferies... RTI Surgical (RTIX) initiated with a Buy at Sidoti... TeleNav (TNAV) initiated with an Outperform at Northland... Trevena (TRVN) initiated with an Equal Weight at Barclays... Vectrus (VEC) initiated with a Hold at Stifel.
06:43 EDTTSMTSMC to manufacture fingerprint sensors for next iPhone, DigiTimes reports
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05:37 EDTALKSAlkermes initiated with an Overweight at Barclays
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May 20, 2015
18:44 EDTEBAYeBay tests Amazon.com Prime-type program in Germany, WSJ reports
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17:36 EDTEBAYTwitter announces full launch of objective-based ad service
In a company blog post, Twitter (TWTR) stated, "Last year, we launched a... way for advertisers to create and optimize their ad campaigns, and only pay for the actions that are aligned with their marketing objectives. After seeing strong results in beta, weíre excited to offer objective-based campaigns, reports and pricing to all advertisers globally, starting today." Based on the beta test of the service, Twitter claims that eBay (EBAY) was able to drive a 59% quarter-over-quarter decrease in average paid cost per link click, while Tableau (DATA) reduced its cost per link click by over 40% quarter-over-quarter. Twitter went on to say, "When creating a new campaign, you can select from one of six objectives -- and our customized workflow will help you choose the best ad format. For example, if you want to drive traffic to your brandís website, you can select a website clicks or conversions campaign... Youíll only be charged when a user clicks on a link to your website -- all other engagements, like a favorite or a retweet, are free. Youíll never pay for actions that arenít relevant to your goal." Reference Link
May 19, 2015
12:29 EDTEBAYPayPal to pay $25M to settle CFPB charges of deceptive advertising
The Consumer Financial Protection Bureau announced earlier that it is filing a complaint and a proposed consent order against PayPal (PYPL) for illegally signing up and billing tens of thousands of consumers for its online credit product, PayPal Credit. The Bureau alleges that PayPal, which is scheduled to be separated from eBay (EBAY), lured in consumers to this product with deceptive advertising, signed up people without them knowing it, and then mishandled billing disputes when they arose. Under the CFPB's proposed order, PayPal would return the $15M that it illegally took from consumers and it would pay a $10M penalty for its wrongful actions.
07:32 EDTEBAYPacific Crest shifts preference to MasterCard, upgrades to buy
Pacific Crest analyst Josh Beck shifted his preference to MasterCard (MA) from Visa (V) and upgraded the stock to Overweight from Sector Weight. Beck believes interchange legislation in Europe may have an unintended consequence of benefiting global open-loop payment networks, favoring both MasterCard and Visa. The changes are also positive for eBay's (EBAY) PayPal and mixed for American Express (AXP), Beck tells investors today in a research note. He points out his preference for MasterCard relative to Visa follows the latter company's outperformance over the past year. Beck has a $110 price target for MasterCard shares. The stock closed yesterday down 14c to $93.08.
07:31 EDTAPAUBS to hold a conference
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07:22 EDTFDXUPS having success with pickup points, WSJ says
Driven by the increase in e-commerce deliveries, UPS (UPS) has been combatting failed deliveries by using package pickup points, called UPS Access Points, like local drug stores, reports the Wall Street Journal. As a result UPS, FedEx (FDX), and DHL are investing in new systems aimed at having e-commerce customers collect orders from these pickup points, the Journal adds. Reference Link
May 18, 2015
17:44 EDTEXPDExpeditors downplays industry consolidation, sees continued shareholder returns
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May 15, 2015
17:08 EDTEBAYSoros Fund gives quarterly update on stakes
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12:13 EDTEBAY, FDXThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
12:07 EDTFDXThird Point reports new stakes in Yum! Brands, FedEx, McKesson
11:08 EDTEBAYOmega Advisors gives quarterly update on stakes
NEW STAKES: Targa Resources (TRGP), Targa Resources Partners (NGLS), Humana (HUM), Dow Chemical (DOW), and Twenty-First Century Fox (FOXA). INCREASED STAKES: Kinder Morgan (KMI), Chimera Investment Corporation (CIM), AerCap Holdings (AER), Shire (SHPG), and KKR & Co. (KKR). DECREASED STAKES: eBay (EBAY), Altisource Portfolio Solutions (ASPS), Caesars Entertainment (CZR), Navient (NAVI), and TerraForm Power (TERP). LIQUIDATED STAKES: HCA Holdings (HCA), Gilead (GILD), Cabot Oil & Gas (COG), and Apple (AAPL).
10:55 EDTEBAYJANA Partners gives quarterly update on stakes
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06:33 EDTFDXJudge denies FedEx motion on drug charges, Reuters says
A judge denied FedEx's motion to dismiss charges that it was involved in distributing controlled substances, according to Reuters. The company is accused by the Justice Department of shipping packages from illegal online pharmacies, the news service stated. Reference Link
06:13 EDTEBAYISS, Glass Lewis advise Intel investors to vote 'no' on eBay CEO, WSJ reports
ISS and Glass, Lewis & Co, two influential proxy advisory firms, are recommended Intel (INTC) investors vote against the reelection of eBay (EBAY) CEO John Donahoe to the company's board, The Wall Street Journal reports. Citing what it characterized as a poor attendance record, Glass Lewis commented "We view this as a failure by this director to fulfill a fundamental responsibility to represent shareholders at such meetings," while ISS said Donahoe "lacked a valid excuse" for attending less than 75% of the meetings held by the Intel board and committees he serves on in 2014. Intel's annual shareholders meeting is scheduled for May 21. Reference Link
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