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Stock Market & Financial Investment News

News Breaks
June 30, 2014
09:57 EDTOAS, KLAC, CHTR, UTEK, RYAAY, NSC, DWA, CNI, YHOO, TRP, QTM, MILL, CSGP, AMED, WTSL, SVYZYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Amedisys (AMED) upgraded to Hold from Sell at Deutsche Bank... Canadian National (CNI) upgraded to Overweight from Equal Weight at Barclays... Charter (CHTR) upgraded at Evercore... CoStar Group (CSGP) upgraded to Outperform from Market Perform at JMP Securities... DreamWorks Animation (DWA) upgraded to Neutral from Underweight at Piper Jaffray... KLA-Tencor (KLAC) upgraded at B. Riley... Miller Energy (MILL) upgraded to Buy from Neutral at SunTrust... Norfolk Southern (NSC) upgraded to Overweight from Equal Weight at Barclays... Oasis Petroleum (OAS) upgraded to Strong Buy from Outperform at Raymond James... Quantum (QTM) upgraded to Buy from Hold at Lake Street... Ryanair (RYAAY) upgraded to Neutral from Underperform at BofA/Merrill... Solvay (SVYZY) upgraded to Outperform from Neutral at Exane BNP Paribas... TransCanada (TRP) upgraded to Buy from Neutral at Citigroup... Ultratech (UTEK) upgraded at Noble Financial... Wet Seal (WTSL) upgraded to Neutral from Sell at B. Riley... Yahoo (YHOO) upgraded to Overweight from Neutral at Piper Jaffray.
News For AMED;CNI;CHTR;CSGP;DWA;KLAC;MILL;NSC;OAS;QTM;RYAAY;SVYZY;TRP;UTEK;WTSL;YHOO From The Last 14 Days
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November 11, 2014
16:43 EDTYHOOYahoo acquires video advertising platform BrightRoll for $640M
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12:02 EDTYHOOYahoo could create $19 in shareholder value, says Wolfe Research
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10:44 EDTYHOOAlibaba Chairman Ma thinks Yahoo 'happy' with company performance
Alibaba (BABA) Chairman Jack Ma says his company must focus on itself, not on Yahoo (YHOO), but he believes Yahoo is happy with Alibaba's performance. Ma is speaking on CNBC.
10:27 EDTYHOOAlibaba sets Singles' Day record, analysts start coverage with upbeat notes
Chinese e-commerce giant Alibaba (BABA) generated record sales during the Chinese Singles Day holiday and a number of research firms initiated coverage of the stock with upbeat notes. WHAT'S NEW: Alibaba announced that a record $8B of products had been sold on its website with a few hours left in the Chinese Singles' Day holiday. Many Chinese citizens buy gifts on e-commerce websites during the holiday. During last year's festival, $5.7B of products were purchased on Alibaba's websites. ANALYST INITIATIONS: Oppenheimer analyst Ella Ji initiated coverage of Alibaba with an Outperform rating in a note to investors last night. Alibaba's ecosystem will make it difficult for competitors to challenge it for a long time, Ji believes. The ecosystem also boosts Alibaba's revenue growth and margins, according to the analyst. The e-commerce giant's strong brand, along with its large and loyal customer base, help make it one of the best-positioned companies in the Chinese Internet space, contended the analyst. He predicted that its revenue and profits will grow at a compound annual growth rate of 34% and 32%, respectively, from fiscal 2014 to fiscal 2019. The analyst set a $133 price target on the shares. HSBC earlier today initiated coverage of Alibaba with an Overweight rating. WHAT'S NOTABLE: Needham yesterday afternoon raised its price target for Yahoo (YHOO) shares to $55, citing higher than previously expected trading values for Alibaba. The firm believes Yahoo shares are pricing in negative 6% EBITDA growth for the company, which it views as too pessimistic. Needham, which expects positive EBITDA growth for Yahoo, kept a Buy rating on the stock. PRICE ACTION: In early trading, Alibaba fell 2.6% to $116 per share. However, the stock has risen nearly 18% in the last five days.
08:38 EDTYHOOYahoo price target raised to $55 from $48 at Needham (yesterday)
Needham yesterday afternoon raised its price target for Yahoo (YHOO) shares to $55 citing higher than previously expected trading values for Alibaba (BABA). The firm believes Yahoo shares are pricing in negative 6% EBITDA growth for the company, which it views as too pessimistic. Needham expects positive EBITDA growth for Yahoo and keeps a Buy rating on the stock.
November 10, 2014
17:40 EDTYHOOYahoo could go higher, Barron's says
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16:00 EDTYHOOOptions Update; November 10, 2014
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13:52 EDTCHTRCharter issues statement regarding White House Title II announcement
Charter Communications released the following statement in response to the White House Title II Announcement: "Charter Communications unambiguously supports an open Internet, which is vital for consumers and central to our continued success. The extraordinary growth of broadband service in the United States, which now reaches more than 70 million households, has largely been the result of the current regulatory environment. For these reasons, we strongly oppose the reclassification of broadband as a Title II service under the Telecommunications Act. Efforts to reclassify broadband ignore the fact that the current rules have encouraged billions of dollars of investment in our broadband infrastructure and Americans' access to open, fast, and reliable service has never been greater. Applying 1930's-era, rotary telephone legislation to a 21st century computer technology comes with significant risks to consumers. It is a solution in search of a problem and threatens to undermine continued investment to improve and expand our nation's broadband infrastructure."
12:24 EDTCHTROn The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday. The averages opened mixed, but very close to the flat line, and have continued to drift slowly higher from that point. There is little to stand in the way of the marketís drift, as the economic calendar is quiet, the earnings season is winding down, and the most closely watched geopolitical situations are currently status quo. ECONOMIC EVENTS: In the U.S., little of note was on the economic calendar. The Federal Reserve's newly introduced Labor Market Conditions Index was flat at 4 in October. The Fed started updating estimates of the LMCI every month beginning with last month. COMPANY NEWS: Shares of Netflix (NFLX) advanced about 1% after xxx President Barack Obama publicly urged the Federal Communications Commission to implement the "strongest possible rules" to protect net neutrality. In response, Verizon (VZ) said it supports the open Internet and continues to believe that the "light-touch regulatory approach in place for the past two decades has been central to the Internetís success," adding that it believes the reclassification Obama called for would "apply 1930s-era utility regulation to the Internet" and be a "radical reversal of course" that would threaten great harm to an open Internet, competition and innovation." A number of Internet Service Providers, including Comcast (CMCSA), Time Warner Cable (TWC), Charter (CHTR) and Cablevision (CVC), moved lower after Obama weighed in on the hot-button issue. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 22% after the company presented data from the ongoing Phase 2 study of its Hepatitis C virus treatment at the Annual Meeting of the American Association for the Study of Liver Diseases, or AASLD. Also higher was Dean Foods (DF), which rose more than 13% after the dairy products distributorís third quarter results, as well as its fourth quarter and full year profit outlook, surpassed analystsí consensus estimates. Among the noteworthy losers was Rayonier (RYN), which dropped 13% after management determined that there was a material weakness in the company's internal controls, restated certain previously made financial statements, and cut its dividend reflecting expectations of reduced cash available for distribution due to lower expected annual harvest levels. INDEXES: Near midday, the Dow was up 18.55, or 0.11%, to 17,592.48, the Nasdaq was up 10.77, or 0.23%, to 4,643.30, and the S&P 500 was up 4.01, or 0.2%, to 2,035.93.
11:39 EDTYHOOStocks with call strike movement; YHOO NEM
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11:06 EDTTRPSenator-elect says 65 senators to back Keystone Pipeline, The Hill says
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10:06 EDTCHTRVerizon says utility Internet regulation would 'threaten great harm'
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10:04 EDTCSGPOn The Fly: Analyst Initiation Summary
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10:04 EDTNSCOn The Fly: Analyst Upgrade Summary
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10:01 EDTCHTRTWC, Charter, Comcast drop after Obama calls for Internet regulation
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09:45 EDTCHTRObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:43 EDTCHTRObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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07:37 EDTNSCNorfolk Southern upgraded to Overweight from Equal Weight at Morgan Stanley
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05:32 EDTCSGPCoStar Group initiated with an Overweight at JPMorgan
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November 8, 2014
20:25 EDTNSCNorfolk Southern shares could climb 12%, Barron's says
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