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Stock Market & Financial Investment News

News Breaks
July 25, 2014
16:18 EDTAMZN, WCG, Z, P, V, TRLAOn The Fly: Closing Wrap
Stocks began the session in negative territory and remained there throughout the day. Earnings and guidance disappointments from a few notable names, particularly Visa (V) and Amazon.com (AMZN), put pressure on the averages from the outset. Buyers moved to the sidelines ahead of the weekend, as reports circulated that no truce accord was reached in Israel and that Russia was building up its troop presence along the Ukrainian border. Also late in the day, Goldman Sachs warned that it believes a sell-off in bonds could lead to a temporary sell-off in equities over the next three months. However, Goldman also noted that it has "strong conviction" that equities are the best positioned asset class over the next 12 months. ECONOMIC EVENTS: In the U.S., durable goods orders rebounded 0.7% in June after a 1.0% decline in the prior month, beating expectations for June increase of 0.5%. COMPANY NEWS: Shares of Amazon fell $34.60, or 9.65%, to $324.01 after the e-commerce giant reported in-line second quarter revenue but a much higher than expected loss. A number of analysts responded to the news by downgrading the stock, while several others cut their price targets on the shares... Visa reported Q3 earnings per share and revenue that topped consensus forecasts. However, the company trimmed its fiscal year revenue growth view to be in the 9%-10% range from its prior forecast for low double-digit constant revenue growth of around 10%-11%. Shares of the Dow Jones Industrial Average component slid $7.97, or 3.58%, to $214.77 following the report and guidance. MAJOR MOVERS: Among the notable gainers were online real estate listing companies Zillow (Z) and Trulia (TRLA), which climbed for a second session in a row after Bloomberg reported yesterday that the former was negotiating to buy the latter. Deutsche Bank analyst Lloyd Walmsley wrote in a note to investors that the Bloomberg story is "credible" as there is a "compelling" rationale for the companies to combine and Zillow ended the day up $13.10, or 8.99%, at $158.86 while Trulia added another $2.61, or 4.86%, to close at $56.35. Among the noteworthy losers was WellCare (WCG), which plunged $15.24, or 19.83%, to $61.61 after the managed care company pre-announced significantly weaker than expected results. Also lower following its earnings report and guidance was online music service operator Pandora (P), which declined $2.97, or 10.34%, to $25.75. INDEXES: The Dow fell 123.23, or 0.72%, to 16,960.57, the Nasdaq dropped 22.54, or 0.5%, to 4,449.56, and the S&P 500 slid 9.64, or 0.48%, to 1,978.34.
News For AMZN;V;Z;TRLA;P;WCG From The Last 14 Days
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May 12, 2015
17:07 EDTZZillow Group says Trulia integration is top priority for 2015
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16:50 EDTZZillow Group to resume trading at 5:00 pm ET
Quotes resume at 4:55 pm ET.
16:46 EDTZZillow Group reports Q1 EPS 5c, consensus (12c)
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16:41 EDTZZillow Group to delay filing Form 10-Q
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16:35 EDTZZillow Group backs FY15 pro forma revenue view $690M, consensus $669.84M
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15:00 EDTZNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include McKesson (MCK), consensus $2.75... Zillow (Z), consensus (12c)... GoDaddy (GDDY), consensus 35c... RSP Permian (RSPP), consensus 17c... Parsley Energy (PE), consensus 0c... Vivint Solar (VSLR), consensus (38c)... New Relic (NEWR), consensus (25c)... Hortonworks (HDP), consensus (86c)... SunOpta (STKL), consensus 7c... OPOWER (OPWR), consensus (16c)... JP Energy Partners (JPEP), consensus (4c)... TubeMogul (TUBE), consensus (18c)... Ducommun (DCO), consensus 30c.
14:19 EDTZZillow Group May 93 straddle priced for 8% movement into Q1
13:06 EDTPVivendi says talking to Spotify about streaming, Bloomberg reports
Vivendi (VIVHY) said on its earnings conference call that is having discussions with Spotify regarding a streaming service, Bloomberg reports. Apple's (AAPL) streaming service may affect music sales and margins, Vivendi noted. Shares of Spotify competitor Pandora (P) are up 36c to $18.53 in afternoon trading.
09:14 EDTPApps World to hold a conference
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08:07 EDTP, ZSunTrust to hold a conference
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08:05 EDTZZillow Group signs 105 new multiple listing services in the past six weeks
Zillow Group announced that Zillow and Trulia have signed 105 new agreements with multiple listing services in the past six weeks. In total, Zillow Group has signed 235 new agreements with MLSs since January 2015.
07:45 EDTPJefferies to hold a conference
2015 Global Technology, Media and Telecom Conference is being held in Miami on May 12-14.
May 11, 2015
10:30 EDTZWellington reports 10.86% passive stake in Zillow Group
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09:59 EDTZOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded to Outperform from Neutral at Exane BNP Paribas... Caterpillar (CAT) upgraded to Outperform at Baird... Cisco (CSCO) upgraded to Outperform with $36 target at Pacific Crest... Evolution Petroleum (EPM) upgraded to Outperform from Market Perform at Northland... Hecla Mining (HL) upgraded on hedging discipline at Roth Capital... Joy Global (JOY) upgraded to Outperform from Neutral at Baird... Monster Beverage (MNST) upgraded to Buy from Neutral at Citigroup... Nokia (NOK) upgraded to Outperform from Neutral at Exane BNP Paribas... On Deck Capital (ONDK) upgraded to Neutral from Sell at Sterne Agee CRT... Royal Caribbean (RCL) upgraded to Outperform from Neutral at Wedbush... SMC (SMECF) upgraded to Buy from Neutral at Goldman... Sally Beauty (SBH) upgraded to Outperform from Market Perform at Raymond James... Southwestern Energy (SWN) upgraded to Overweight from Equal Weight at Barclays... Sprouts Farmers Markets (SFM) upgraded to Outperform at BMO Capital... Suburban Propane (SPH) upgraded on positive outlook at Stifel... Suffolk Bancorp (SUBK) upgraded to Outperform from Market Perform at Keefe Bruyette... Syngenta (SYT) upgraded to Buy from Neutral at UBS... Triumph Group (TGI) upgraded to Outperform from Sector Perform at RBC Capital... United Natural Foods (UNFI) upgraded to Overweight from Equal Weight at Stephens... Web.com (WWWW) upgraded to Buy from Hold at Deutsche Bank... Zillow Group (Z) upgraded to Buy from Neutral at SunTrust.
09:03 EDTAMZNAmazon.com to open fulfillment center in Carteret, NJ
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07:41 EDTZZillow May volatility elevated at 72 into Q1 and outlook
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07:26 EDTZZillow Group upgraded to Buy from Neutral at SunTrust
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07:22 EDTVVisa acquisiiton of Visa Europe would be positive, says RBC Capital
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07:22 EDTWCGWellCare recent selloff presents buying opportunity, says Susquehanna
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06:11 EDTAMZNStudy: Jet.com has lower prices than Amazon '94% of the time,' WSJ reports
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