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Stock Market & Financial Investment News

News Breaks
November 6, 2012
12:10 EDTAOL, ODP, OMX, CVC, NYX, ENOC, WTW, SREV, ESRXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as Americans headed to the polls. Stock futures improved during the premarket trading session, leading to a slightly higher open for the broader market. The averages slowly gained upside momentum and eventually punched through for their best gains in a couple of weeks. The domestic economic calendar was quiet and investors may be factoring an end to the presidential election process, along with hope that political leaders will get back to work on the country’s problems, as the catalyst for the buying... ECONOMIC EVENTS: In the U.S., the Job Openings and Labor Turnover survey, or JOLTs report, showed job openings fell 100K to 3.56M in September from 3.66M in August. In Europe, a report showed that the shared currency area's business activity shrank in October at its steepest rate in over three years. In Germany in particular, which is the region's biggest economy, the composite services and manufacturing purchasing managers index came in at 48.4, below the consensus forecast of 49.3, and factory orders for the month of September were weaker than expected as well... COMPANY NEWS: Among companies reporting earning last night and this morning, AOL (AOL), Office Depot (ODP) and OfficeMax (OMX) advanced, while Cablevision (CVC) and NYSE Euronext (NYX) declined... MAJOR MOVERS: Among the notable gainers were EnerNOC (ENOC), up 21% following price target raises at RW Baird and Needham after its Q3 results, and Weight Watchers (WTW), up over 16% after its quarterly earnings beat expectations. Among the noteworthy losers was ServiceSource (SREV), down 35% amid at least three downgrades after the company lowered its revenue growth view for the upcoming quarter and the fiscal year. Also lower were shares of Express Scripts (ESRX), down 13% after saying that it views current consensus estimates for 2013 as "overly aggressive" and disclosing that its Accredo Health unit received a subpoena from the Department of Justice... INDICES: Near noon, the Dow was up 171.63, or 1.31%, to 13,284.07; the Nasdaq was up 21.82, or 0.73%, to 3,021.48; and the S&P 500 was up 14.96, or 1.06%, to 1,432.22.
News For AOL;ODP;OMX;CVC;NYX;ENOC;WTW;SREV;ESRX From The Last 14 Days
Check below for free stories on AOL;ODP;OMX;CVC;NYX;ENOC;WTW;SREV;ESRX the last two weeks.
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July 28, 2014
12:21 EDTESRXOn The Fly: Midday Wrap
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10:26 EDTESRXExpress Scripts August weekly volatility elevated into Q2 and outlook
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06:22 EDTESRXHorizon Pharma said Duexis, Vimovo to be placed on CVS, Express exlclusion lists
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July 23, 2014
09:30 EDTESRXExpress Scripts downgraded to Neutral from Buy at Cleveland Research
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July 22, 2014
11:44 EDTWTWWeight Watchers August volatility elevated into Q2 and enrollment guidance
Weight Watchers August call option implied volatility is at 57, September is at 43, January is at 37; compared to its 26-week average of 44 according to Track Data, suggesting larger near term price movement into the expected release of Q2 results on July 30.
July 21, 2014
16:52 EDTAOLGoogle ranked as top U.S. search marketplace in June
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13:15 EDTAOLGoogle ranked as top online video content property in June
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July 17, 2014
10:00 EDTENOCOn The Fly: Analyst Upgrade Summary
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09:36 EDTENOCEnerNOC upgraded to Strong Buy with $28 target at Needham
Needham upgraded EnerNOC earlier today to Strong Buy from Buy with a $28 price target, saying the current valuation represents a "notable disconnect" from the company's fundamentals. The firm says the shares are "just too cheap."
07:46 EDTENOCEnerNOC upgraded to Strong Buy from Buy at Needham
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July 16, 2014
12:47 EDTAOLYahoo falls after results disappoint, details additional plans for Alibaba stake
Shares of media and search engine company Yahoo (YHOO) are falling after the company's second quarter results fell short of analysts' consensus estimates. The company also said it will lower the amount of stock it will sell in Alibaba's initial public offering to 140M shares and that it plans to return "at least half" of its after-tax proceeds from the stake sale to its shareholders. WHAT'S NEW: Last night, Yahoo reported Q2 earnings per share of 37c and revenue ex-tac of $1.04B, narrowly missing analysts' consensus estimates of 38c and $1.08B, respectively. The company's Q2 display ad revenue fell 7% to $394M, while Q2 price per ad fell 24% versus last year. Q2 search revenue ex-tac increased 6% to $428M. Yahoo said that in Q2, the number of ads sold increased approximately 24% compared to last year, while the number of paid clicks increased approximately 3%. Price-per-click increased 15% compared to last year. Marissa Mayer, Yahoo's Chief Executive Officer, said that as the company's top priority is revenue growth, it is "not satisfied" with Q2 results. Mayer noted that several areas showed strength in the quarter, including Yahoo Search, which grew 6% year-over-year on a revenue ex-tac basis, but their growth was offset by declines. Meyer says the company needs to "work faster to ameliorate" negative trends in display. Mayer says the company "can and will do better" going forward. WHAT'S NOTABLE: Looking ahead, Yahoo forecast third quarter revenue ex-tac of $1.02B-$1.06B, below the consensus of $1.1B. The company also guided Q3 adjusted earnings before interest, taxes, depreciation and amortization, or EBTIDA, at $220M-$260M and non-GAAP operating income of $70M-$110M. Yahoo also noted that it will lower the number of shares it sells in the Alibaba IPO to 140M from 208M, and is committed to return at least half of the after-tax IPO proceeds to shareholders. Mayer noted on the company's earnings conference call that "A transformation of this size will take several years," adding that "it will take a little longer than originally forecasted." ANALYST REACTION: This morning, research firm CRT Capital downgraded Yahoo to Fair Value from Buy, citing mixed Q2 earnings and weak guidance. The firm sees pressure on ad pricing continuing for at at least two to three quarters. Another firm, Bernstein, lowered their price target on Yahoo to $40 from $43 following the company's weaker than expected results and said that it would return 50% of its proceeds from the Alibaba IPO to shareholders. The firm thinks there is an increased risk that Yahoo will use the other 50% on M&A, and Bernstein sees high risk that the M&A will destroy value. Bernstein kept an Outperform rating on the stock. Piper Jaffray said Yahoo should be owned ahead of the Alibaba IPO, noting its agreement with Alibaba to reduce the number of shares it will sell at the IPO should outweigh the "unsurprising" challenges in the company's core business. The firm, which kept an Overweight rating on the stock, expects the stock to react positively on the Q2 earnings report. PRICE ACTION: In early afternoon trading, Yahoo fell $1.66, or about 4.7%, to $33.95 on heavy trading volume. Despite today's pull back, the stock is up approximately 25% over the past 12 months. OTHERS TO WATCH: Yahoo peer AOL (AOL) is down over 4.% to $38.98. Jackie Reses, Yahoo's chief of mergers and acquisitions, said at the Fortune Brainstorm Tech Conference that the company is not planning to buy AOL, Re/code reported this morning. Mayer previously told a number of people that she does not "get" the merger.
08:42 EDTAOLAOL's Adap.tv granted patent for system tying consumer sales to TV ads
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06:03 EDTAOLYahoo M&A chief says company not planning to buy AOL, Re/code reports
Yahoo (YHOO) is not planning to buy AOL (AOL), Yahoo M&A chief Jackie Reses commented at the Fortune Brainstorm Tech conference, Re/code reports. When asked whether she thought AOL would be acquired in the next two years, Reses said "Not by us." Reference Link
July 15, 2014
08:03 EDTCVCPublic speak out on FCC 'net-neutrality' plan, WSJ says
The Federal Communications Commission's has received more than 677K comments so far from the public on its proposed 'net-neutrality' rules for how broadband providers can treat content traveling over their networks and a random sampling of the input suggests that the agency will have work to do to sell the plan, according to The Wall Street Journal. Companies that provide broadband Internet service include Comcast (CMCSA), AT&T (T), Verizon (VZ) Time Warner Cable (TWC), and Cablevision (CVC). Netflix (NFLX) sends a great deal of content over the Internet and strongly supports net neutrality. Reference Link

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