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Stock Market & Financial Investment News

News Breaks
August 21, 2014
10:22 EDTAMPE, FOLD, VHC, JCP, WB, JD, YPFOptions with decreasing implied volatility
Options with decreasing implied volatility: AMPE FOLD VHC ACHN JCP WB JD YPF
News For AMPE;FOLD;VHC;JCP;WB;JD;YPF From The Last 14 Days
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October 30, 2014
10:52 EDTWBBaidu 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 29, 2014
10:00 EDTJDOn The Fly: Analyst Initiation Summary
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09:13 EDTJDJD.com initiated with a Hold at Deutsche Bank
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07:43 EDTJDJD.com initiated with an Equal Weight at Morgan Stanley
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October 28, 2014
14:10 EDTFOLDGlaxoSmithKline liquidates passive stake in Amicus Therapeutics
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11:38 EDTJCPKohl's sinks after profit, sales growth outlook misses expectations
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09:37 EDTFOLDActive equity options trading
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08:59 EDTFOLDAmicus Therapeutics 11.32M share Block Trade priced at $5.40
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October 24, 2014
10:29 EDTJCPOptions with decreasing implied volatility
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October 22, 2014
10:06 EDTVHCVirnetX granted new secure domain name patent
VirnetX announced that on October 21, 2014, it was granted a new patent from the United States Patent and Trademark Office; Patent no. 8,868,705, , entitled "Agile Network Protocol for Secure Communications Using Secure Domain Names." This new patent is the twelfth patent granted in 2014. VirnetX plans to introduce secure domain names through its Secure Domain Name Initiative which will include partnerships with major technology companies.
October 21, 2014
12:49 EDTWBAcxiom, Weibo announce partnership
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10:00 EDTJDOn The Fly: Analyst Initiation Summary
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08:09 EDTJDJD.com initiated with a Neutral at Citigroup
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October 20, 2014
07:10 EDTFOLDAmerican Society of Human Genetics to hold annual meeting
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October 19, 2014
19:46 EDTFOLDAmicus announces additional positive data from from Fabry monotherapy study
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October 17, 2014
16:55 EDTJCPStocks end volatile week lower amid oil price plunge
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09:32 EDTVHCVirnetX files petitions, requests restoration of jury verdict against Apple
VirnetX (VHC) announced that it filed a petition with the U.S. Court of Appeals for the Federal Circuit, requesting a rehearing and rehearing en banc of the Federal Circuit's September 14 decision concerning VirnetX's litigation against Apple (AAPL). In its petition, VirnetX is asking the court to rehear its decision with respect to damages and affirm the district court's damages award against Apple in full because the Federal Circuit's decision is contrary to the patent statute and Supreme Court precedent. VirnetX is also asking the Federal Circuit to reinstate the jury's award that Apple infringed the '504 and '211 patents on the basis that the district court correctly construed the claim term "secure communication link." Kendall Larsen, VirnetX CEO and President said, "We respectfully believe the Court of Appeals for the Federal Circuit erred in certain parts of its decision and are asking it to further review its decision. We look forward to readdressing the decision with the court and remain confident about the strength of our arguments regarding restoration of the jury's damages award."
09:17 EDTAMPEOn The Fly: Pre-market Movers
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