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Stock Market & Financial Investment News

News Breaks
July 25, 2014
16:18 EDTTRLA, AMZN, WCG, Z, P, VOn 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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February 18, 2015
16:46 EDTZ, TRLAOn The Fly: Closing Wrap
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14:05 EDTZZillow Group rally spurred by risk/arb, Citron Research says
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12:31 EDTTRLA, ZOn The Fly: Midday Wrap
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09:02 EDTAMZNAmazon says has greenlit five new Amazon Original Series
Amazon announced it has greenlit five new Amazon Original Series, including The Man in the High Castle, which is based on the Philip K. Dick alternative history novel; an hour-long dark comedy Mad Dogs; docu-series The New Yorker Presents; along with kids shows Just Add Magic, and The Stinky & Dirty Show.
08:43 EDTAMZNIAC, Qualcomm, Amazon seen as breakup candidates, Bloomberg says
Website holding company IAC/InterActiveCorp (IACI), chipmaker Qualcomm (QCOM), and e-commerce giant Amazon.com (AMZN) are all see by analysts as potential candidates for breakups or spin-offs, according to Bloomberg's "Real M&A" column. Reference Link
08:21 EDTWCGWellCare price target raised to $105 from $95 at Leerink
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07:29 EDTWCGWellCare management team has improved, says Stifel
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06:56 EDTWCGObamacare enrollment exceeded goal, Politico reports
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03:20 EDTPOn The Fly: Analyst Initiation Summary
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February 17, 2015
17:29 EDTVBerkshire Hathaway gives quarterly update on stakes, exits Exxon Mobil
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16:45 EDTTRLA, ZZillow names former Trulia COO Paul Levine President
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16:44 EDTTRLA, ZZillow completes Trulia acquisition, to eliminate 350 jobs
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16:00 EDTAMZNOptions Update; February 17, 2015
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11:06 EDTZZillow volatility elevated on wide price movement
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10:00 EDTPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Box, Inc. (BOX) initiated with a Hold at Canaccord... Euronav NV (EURN) initiated with an Overweight at Morgan Stanley... GoPro (GPRO) initiated with an Outperform at Northland... M/A-COM (MTSI) initiated with a Neutral at BofA/Merrill... Macy's (M) initiated with an Underweight at Barclays... NetSuite (N) initiated with an Underperform at Exane BNP Paribas... Omega Healthcare (OHI) initiated with a Neutral at BofA/Merrill... Pandora (P) initiated with a Neutral at Macquarie... Pattern Energy (PEGI) coverage resumed with an Outperform at BMO Capital... Regeneron (REGN) initiated with an Outperform at Bernstein... Trovagene (TROV) initiated with an Overweight at Piper Jaffray... Vista Outdoor (VSTO) initiated with a Market Perform at Cowen.
09:40 EDTZ, AMZNActive equity options trading on open
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08:25 EDTTRLA, ZZillow Q4 preannouncement shows revenue momentum, says Canaccord
Canaccord said Zillow's (Z) Q4 earnings preannouncement shows that it is gaining revenue momentum. The firm believes the future is bright for the company, which is set to close its purchase of Trulia (TRLA) as soon as today. Canaccord maintained its Buy rating and $125 price target on Zillow shares.
08:01 EDTPPandora initiated with a Neutral at Macquarie
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07:22 EDTVMitsubishi UFJ to hold a tour
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05:50 EDTTRLA, ZZillow to host conference call
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