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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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April 14, 2015
09:43 EDTZZillow Group trading to resume at 9:55 am EDT
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09:35 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN PBR SU NFLX ALU BIDU TSLA JNJ GE
09:25 EDTZZillow Group says FY15 is a 'transition year'
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09:05 EDTZZillow Group sees FY15 revenue about $690M, consensus $752.97M
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07:44 EDTZZillow Group April volatility low into call to discuss Trulia, FY15 outlook
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07:44 EDTAMZNBaird survey suggests accelerating growth trends for Amazon.com
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07:20 EDTAMZNAmazon.com price target raised to $465 from $400 at Jefferies
Jefferies raised its price target for Amazon.com shares to $465 from $400 after analyzing the retailing giant's fulfillment capabilities. The firm believes Amazon's fulfillment strategy will drive revenue growth acceleration in the medium to longer-term and margin improvement with scale. It views Amazon's fulfillment initiatives as part of a "bigger, multi-faceted strategy focused on better customer segmentation and category leadership." Jefferies keeps a Buy rating on the name. Shares of Amazon closed yesterday down 29c to $382.36.
06:20 EDTAMZNAmazon, HarperCollins reach agreement on publishing pact, WSJ reports
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April 13, 2015
19:18 EDTZOn The Fly: After Hours Movers
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18:22 EDTZZillow Group to host conference call
Conference call to discuss acquisition of Trulia and provide an operational update will be held on April 14 at 9 am. Webcast Link
17:17 EDTAMZNAmazon Prime membership now includes ad-free internet radio service
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17:10 EDTZZillow Group hosting conference call April 14 to discuss Trulia, FY15 outlook
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16:01 EDTAMZNOptions Update; April 13, 2015
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10:58 EDTWCGCigna, Humana seen as potential takeover targets in Managed Care space
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09:27 EDTAMZNAmazon says X-Ray coming to Fire TV, Fire TV Stick
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09:16 EDTPPandora gaps up, levels to watch
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09:03 EDTAMZNeBay SSS grew 7.3%, Amazon SSS up 24.6% in March, ChannelAdvisor says
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08:42 EDTPPandora rises after Spotify reportedly valued above $8B in fundraising
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07:33 EDTWCGJefferies sees low probability of WellCare, Centene buyouts
After running several acquisition scenarios for the Managed Care space, Jefferies says potential takeovers of WellCare (WCG) and Centene (CNC) are "hard to justify." The firm estimates acquirers will only be able to generate 1%-3% accretion from buying either company at a 20% premium to current share prices. The deal that makes the most financial sense is Aetna (AET) buying Cigna (CI), Jefferies says today in a note to investors. Also financially attractive would be a buyout of Humana (HUM) by either Anthem (ANTM) or Aetna, the firm adds. After analyzing the Managed Care space, it upgraded this morning shares of UnitedHealth (UNH) to Buy from Hold with a $141 price target. Jefferies also has Buy ratings on Aetna, Anthem, Health Net (HNT) and Molina Healthcare (MOH).
07:16 EDTPTechWeek to hold a conference
TechWeek Detroit 2015 is being held in Detroit on 4/13-19.
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