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Stock Market & Financial Investment News

News Breaks
April 16, 2014
10:00 EDTPDM, JBLU, FDO, ZBRA, YHOO, TWTR, SC, NGD, GDP, CREE, YOKU, XOOM, TWC, PDS, LNC, FSGI, AMZN, YELP, VOLVY, SONCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Amazon.com (AMZN) upgraded to Buy from Hold at Argus...Cree (CREE) upgraded to Buy from Hold at Needham... Family Dollar (FDO) upgraded to Neutral from Underperform at Sterne Agee... First Security (FSGI) upgraded to Outperform from Market Perform at Raymond James... Goodrich Petroleum (GDP) upgraded to Outperform from In-Line at Imperial Capital... JetBlue (JBLU) upgraded to Buy from Hold at Argus... Lincoln National (LNC) upgraded to Overweight from Equalweight at Barclays... New Gold (NGD) upgraded to Buy from Hold at Canaccord... Piedmont Office Realty (PDM) upgraded to Market Perform at BMO Capital... Precision Drilling (PDS) upgraded to Overweight from Underweight at Morgan Stanley... Santander Consumer (SC) USA upgraded to Overweight from Neutral at JPMorgan... Sonic (SONC) upgraded to Buy from Neutral at Sterne Agee... Time Warner Cable (TWC) upgraded to Outperform from Market Perform at Wells Fargo... Twitter (TWTR) upgraded to Neutral from Underperform at Sterne Agee... Volvo (VOLVY) upgraded to Hold from Sell at Deutsche Bank... Xoom (XOOM) upgraded to Equal Weight from Underweight at Evercore... Yahoo (YHOO) upgraded to Buy from Hold at Gabelli... Yelp (YELP) upgraded to Buy from Neutral at Citigroup... Youku Tudou (YOKU) upgraded to Neutral from Sell at Goldman... Zebra Technologies (ZBRA) upgraded to Outperform from In-Line at Imperial Capital.
News For AMZN;CREE;FDO;FSGI;GDP;JBLU;LNC;NGD;PDM;PDS;SC;SONC;TWC;TWTR;VOLVY;XOOM;YHOO;YELP;YOKU;ZBRA From The Last 14 Days
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January 28, 2016
06:10 EDTTWCTime Warner Cable reports customer relationship net additions of 200K for Q4
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06:02 EDTTWCTime Warner Cable reports Q4 adjusted OIBDA $2.13B
06:02 EDTTWCTime Warner Cable reports Q4 EPS $1.80, consensus $1.78
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05:44 EDTAMZN, YHOOSpringOwl calls for Yahoo, Viacom to seek partners, Reuters reports
SpringOwl Asset Management, which holds undisclosed stakes in Yahoo (YHOO) and Viacom (VIA), is urging the boards of both companies to seek investments from strategic partner, Reuters reports, citing an article that is set to be published today. SpringOwl managing director Eric Jackson says that "Although some shareholders of both Yahoo and Viacom think that a simple sale or break-up of both companies is the best way to create value for shareholders, we believe that both companies could benefit from their own version of the 'Buffett Convert,'" and that while stakes of investors would be diluted if an outside investor steps in, but "they would still be better off because their shares would likely get re-rated upwards substantially with this new partner sitting around the board table." Jackson believes Yahoo should seek outside investment from Liberty Media (LMCA), Verizon (VZ) or AT&T (T), while Viacom would benefit from Alibaba (BABA), Amazon (AMZN) or AMC Entertainment (AMC). Reference Link
January 27, 2016
19:30 EDTAMZN, TWTROn The Fly: After Hours Movers
UP AFTER EARNINGS: Facebook (FB), up 11.4%... Mellanox (MLNX), up 6.4%... Paypal (PYPL), up 5%... Crown Castle (CCI), up 2.2%... Citrix (CTXS), up 2.4%... Las Vegas Sands (LVS), up 1%... SanDisk (SNDK), up 1%. ALSO HIGHER: Radius Health (RDUS), up 1.2% after announcing a clinical collaboration with Novartis (NVS)... LinkedIn (LNKD) is up 2.4%, Alphabet (GOOG, GOOGL) is up 2.2% and 2.6%, respectively, Netflix (NFLX) is up 1%, Amazon.com (AMZN) is up 2%, and Twitter (TWTR) is up marginally after Facebook reported quarterly results... MGM Resorts (MGM) is up 2.2% and Wynn Resorts (WYNN) is up 2.2%. DOWN AFTER EARNINGS: ServiceNow (NOW), down 16.5%... eBay (EBAY), down 12.8%... United Rentals (URI), down 9.7%... Juniper Networks (JNPR), down 9.6%... Silicon Graphics (SGI), down 9.1%... Discover Financial (DFS), down 7.4%... InvenSense (INVN), down 6.1%... Core Laboratories (CLB), down 4.3%... Vertex Pharmaceuticals (VRTX), down 1.1%. ALSO LOWER: Incyte (INCY), down 12.8% after announcing that it will halt the Phase 2 sub-study of ruxolitinib or placebo in combination with regorafenib after a planned interim analysis of the high CRP subgroup demonstrated that ruxolitinib plus regorafenib did not show a sufficient level of efficacy to warrant continuation.
18:00 EDTAMZNFacebook executives pleased with China growth, hazy on Oculus launch
Speaking on the company's fourth quarter earnings conference call, Facebook (FB) Chief Executive Officer Mark Zuckerberg highlighted the company's more than 2.5M active advertisers as well as the growth of its Messenger and WhatsApp services, which have expanded to 800M and nearly 1B monthly users, respectively. More services will be coming soon to Messenger, Zuckerberg promised, including airline integration. The CEO noted he is "pleased" with initial consumer reaction to Samsung's (SSNLF) Gear VR virtual reality headset, though commentary on pre-orders for Facebook's own Oculus Rift device was notably light, with Zuckerberg saying only that the Oculus launch is "shaping up to be a big moment for the gaming community." Meanwhile, Chief Operating Officer Sheryl Sandberg said the company is pleased with the growth its seeing in emerging markets, including China, where businesses are using Facebook to reach customers internationally. The commentary comes in contrast to the downbeat macro view voiced during Apple's (AAPL) conference call Tuesday night. Globally, 98 of the quarter's top 100 Facebook advertisers also chose to market on Instagram, Sandberg said, adding that as businesses realize they need to catch up to consumer shifts towards mobile, she foresees a "big" opportunity to continue growing advertiser count. ANALYST TAKE: Piper Jaffray analyst Gene Munster issued a post-earnings note on Facebook, reiterating his Overweight rating and $155 price target on the social network giant in the wake of its strong beat. PRICE ACTION: Shares of Facebook have surged 12.8% to $106.60 in after-hours trading. Other members of the FANG stock grouping are also moving higher, with Amazon (AMZN), Netflix (NFLX) and Alphabet (GOOG) rising a respective 2.3%, 2.25% and 2.6%.
14:34 EDTJBLU, TWCNotable companies reporting before tomorrow's open
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13:47 EDTAMZNVMware tanks after providing lower guidance amid Cloud transition
Shares of virtualization software maker VMware (VMW) are falling after providing guidance, confirming layoffs and announcing executive changes. WHAT'S NEW: After the close of trading on Tuesday, the software company that is 80% owned by EMC (EMC) and provides software for corporate data centers, announced fourth quarter financial results while confirming earlier reports of layoffs and announcing a new chief financial officer. VMware, along with parent company EMC, is in the midst of a proposed acquisition by Dell. The company's Q4 earnings per share and revenue came in at $1.26 and $1.87B, respectively, slightly better than analysts were expecting; however, the company's view for fiscal year 2016 EPS and revenue of $4.07-$4.16 and $6.8B-$6.9B, respectively, were well below the $4.20 and $7.21B analysts are expecting. VMware also guided first quarter EPS to 83c-85c, also below analysts' 92c consensus. Along with its results, the company confirmed earlier reports that it intended to reduce its workforce by 800 and plans to take a charge of between $55M-$65M related to this action over the course of the first half of 2016. The company also announced that its CFO Jonathan Chadwick is leaving and will be replaced by EMC CFO Zane Rowe. WHAT'S NOTABLE: On its quarterly conference call discussing its earnings, VMware company referred to its growth in "emerging" products and businesses including NSX and User Computing and Virtual SAN, all of which grew strongly over the quarter. The company said it hopes its newer products are picking up the slack due to the declining growth in its mature "compute products." Pat Gelsinger, VMware's chief executive officer, "We recognize that our blockbuster compute products are reaching maturity and will represent a decreasing portion of our business going forward." The company is upgrading its Cloud strategy to better compete with leaders like Amazon (AMZN) and Microsoft (MSFT), which provide Cloud services via the internet and make the corporate data center that VMware focuses on less necessary. ANALYSTS' VIEWS: Summit Research analyst Srini Nandury downgraded VMware to Hold and lowered his price target for the shares to $40 from $80 following the company's quarterly results. The company's business will get worse before it gets better, Nandury told investors in a research note. Another downgrade came from research firm Baird's analyst Jayson Noland, who cut his rating on VMware to Neutral and lowered his price target to $60 from $80. Noland said the core vSphere business is facing incremental public cloud headwinds and substantial uncertainty related to the Class V common stock being issued to finance the EMC acquisition. Providing a more constructive view was UBS who said the current valuation levels of VMware offer a significant opportunity for patient investors. The firm noted the company will temper spending and focus on leveraging public clouds, which should provide a tailwind to both capital and operating expenditures. UBS reiterated its Buy rating and $72 price target on VMware. PRICE ACTION: Shares of VMware are down approximately 40% since the Dell-EMC deal was announced last October and are down over 9% to $44.84 in afternoon trading. OTHERS TO WATCH. Other companies in the cloud computing space include Amazon, Microsoft and Citrix Systems (CTXS).
11:34 EDTAMZNVIX methodology for Amazon VXAZN up 3% to 49.89 into Q4 and outlook
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11:17 EDTAMZNStocks with call strike movement; AMZN HOG
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09:32 EDTAMZNActive equity options trading on open
Active equity options trading on open: AAPL FB AMZN AAL BAC PCLN NFLX MRK GOOG
08:42 EDTYHOOIAC's Diller says would not buy Yahoo, Bloomberg reports
IAC (IAC) Chairman Barry Diller said Yahoo (YHOO) can be a standalone business, adding that he would not buy the company, according to Bloomberg. Diller said Yahoo is only worth buying at a "serious discount," according to Bloomberg.
07:13 EDTAMZNAmazon.com volatility elevated into Q4 and outlook
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06:59 EDTAMZNOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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06:21 EDTSCSantander Consumer reports Q4 EPS 19c, may not compare to consensus 56c
Reports Q4 CET1 capital ratio 11.2%.
06:10 EDTAMZNAmazon beats Netflix at Sundance deals, NY Post reports
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05:47 EDTTWTRTwitter close to hiring Natalie Kerris to run communications unit, Re/code says
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05:44 EDTTWTRTwitter's Kevin Weil to be named Head of Product at Instagram, Re/code reports
Twitter's (TWTR) former VP of product Kevin Weil is expected to be named Head of Product at Instagram, which is owned by Facebook (FB), Re/code reports, citing multiple sources. According to the sources, Weil was recruited by Instagram "for months" before announcing that he would exit Twitter late Sunday night. Reference Link
05:36 EDTVOLVYVolvo to reorganize truck brands
Volvo is introducing a brand-based organization with clearer commercial accountability for the Group's various truck brands. Four separate units will be created: Volvo Trucks, UD Trucks, Renault Trucks and Mack Trucks, each with profit and loss responsibility for their respective business. Volvo's Group Executive Board will be changed to include representatives from some of the Group's business areas. After several years of growth through acquisitions, followed by major restructuring programs and cost savings, the Volvo Group is now gradually entering a new phase with more intense customer focus and focus on organic growth and improved profitability. The Group's technology and product development organization and production organization for trucks will remain responsible for common development and production. In addition specific resources will be allocated to each brand. At the same time, purchasing for the truck operation will form a separate unit and will join the Group Executive Board. These organizational changes will not have any planned effect on the number of employees in the Group. The new organization will come into effect on March 1, when the Volvo Group will comprise ten business areas: Volvo Trucks, UD Trucks, Mack Trucks, Renault Trucks, Value Truck & JV:s, Volvo Construction Equipment, Volvo Buses, Volvo Penta, Governmental Sales and Volvo Financial Services.
05:06 EDTTWTRStocks with implied volatility above IV index mean; VMW TWTR
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