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Stock Market & Financial Investment News

News Breaks
November 6, 2012
16:31 EDTSREV, VRNG, CSC, AOL, VVUS, GOOGOn The Fly: Closing Wrap
Stocks on Wall Street were higher on Election Day as investors looked forward to some sense of certainty following the results. However, a very tight race, along with the hurricane that impacted the East Coast, make it unclear if a winner will be declared by tomorrow's start of trading... ECONOMIC EVENTS: Domestically, 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... COMPANY NEWS: Vringo (VRNG) was awarded $30M in damages plus royalties on its patents that were found by a jury to have been infringed by Google (GOOG), AOL (AOL) and others. Shares of Vringo, which was reported to have been seeking upwards of $600M in damages, were down 2c, or 0.51%, to $3.93 following the stock's resumption of trading after a midday halt... MAJOR MOVERS: Among the notable gainers were AOL, up $7.89, or 22.03%, to $43.70 after reporting Q3 earnings that beat consensus estimates, and Computer Sciences (CSC), up $5.34, or 16.97%, to $36.80 after the company raised its FY13 EPS view. Noteworthy losers included ServiceSource (SREV), down $3.11, or 37.92%, to $5.09 after the company lowered its FY12 growth view and the stock received at least four analyst downgrades, and VIVUS (VVUS), down $3.13, or 20.94%, to $11.82, after the company estimated about 30% of prescriptions for Qysimia, its obesity drug, are abandoned by patients because of non-coverage from insurers... INDICES: The Dow gained 133.24, or 1.02%, to 13,245.68; the Nasdaq rose 12.27, or 0.41%, to 3,011.93; and the S&P 500 advanced 11.13, or 0.79%, to 1,428.39.
News For AOL;VRNG;GOOG;CSC;SREV;VVUS From The Last 14 Days
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January 19, 2015
12:29 EDTGOOGGoogle near investment in Musk's SpaceX, The Information reports
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January 18, 2015
13:45 EDTGOOGGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
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January 16, 2015
09:09 EDTGOOGYouTube to host Super Bowl halftime show
YouTube will host a Halftime Show produced in collaboration with Collective Digital Studio that will be live streamed on the AdBlitz Channel, the Google (GOOG, GOOGL) property announced in a blog post. The show will feature more than 20 YouTube creators and musicians with over 60M combined subscribers, YouTube stated. The Super Bowl is being broadcast on Sunday, Feb. 1 on Comcast's (CMCSA) NBC Network. Reference Link
07:33 EDTGOOGAlign Technology near-term risk/reward less favorable, says Credit Suisse
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January 15, 2015
14:52 EDTGOOGGoogle investment Magic Leap files new patent, Business Insider says
The startup Magic Leap, which raised $542M in an October 2014 funding led by Google, filed a new patent that indicates a device that is "head worn component" and according to Business Insider "looks like an intense version of Google Glass that works with a belt pack." Business Insider added, "All we really know for sure so far is that Magic Leap is creating some sort of augmented reality — which it calls 'cinematic reality' — that the company believes will provide a more realistic 3D experience than anything else that's out there today." Reference Link
13:06 EDTGOOGGoogle to stop selling Glass to individuals on January 19, WSJ reports
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10:00 EDTCSCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Campus (ACC) downgraded to Sell from Neutral at Goldman... Apple (AAPL) downgraded to Neutral from Buy at Mizuho... Archer Daniels (ADM) downgraded to Neutral from Buy at Goldman... Barrick Gold (ABX) downgraded to Underweight from Equal Weight at Barclays... CNOOC (CEO) downgraded to Underperform from Hold at Jefferies... CSC (CSC) downgraded to Underweight from Neutral at JPMorgan... Computer Programs (CPSI) downgraded to Market Perform from Outperform at William Blair... D.R. Horton (DHI) downgraded to Neutral from Buy at UBS... DDR Corp. (DDR) downgraded to Neutral from Overweight at JPMorgan... Dominion Diamond (DDC) downgraded to Equal Weight from Overweight at Barclays... EVERTEC (EVTC) downgraded to Neutral from Overweight at JPMorgan... Education Realty (EDR) downgraded to Sell from Neutral at Goldman... Franco-Nevada (FNV) downgraded to Underweight from Equal Weight at Barclays... General Cable (BGC) downgraded to Neutral from Buy at Longbow... Green Dot (GDOT) downgraded to Neutral from Overweight at JPMorgan... Greif (GEF) downgraded to Neutral from Buy at BofA/Merrill... Grupo Simec (SIM) downgraded to Neutral from Buy at Goldman... Hecla Mining (HL) downgraded to Hold from Buy at BB&T... Host Hotels (HST) downgraded to Hold from Buy at MLV & Co.... Ingredion (INGR) downgraded to Sell from Neutral at Goldman... Insulet (PODD) downgraded to Market Perform from Outperform at Raymond James... Johnson & Johnson (JNJ) downgraded to Sell from Neutral at Goldman... Magna (MGA) downgraded to Hold from Buy at TD Securities... Molson Coors (TAP) downgraded to Neutral from Buy at Goldman... Nuverra Environmental (NES) downgraded at Roth Capital... Omnicom (OMC) downgraded to Hold from Buy at Evercore ISI... PetroChina (PTR) downgraded to Underperform from Hold at Jefferies... Philip Morris (PM) downgraded to Sell from Neutral at Goldman... Precision Castparts (PCP) downgraded to Hold from Buy at KeyBanc... Rio Tinto (RIO) downgraded to Neutral from Outperform at Macquarie... STAG Industrial (STAG) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Equal Weight from Overweight at Barclays... Sinopec (SNP) downgraded to Underperform from Hold at Jefferies... Sky (SKYAY) downgraded to Neutral from Outperform at Exane BNP Paribas... Teledyne (TDY) downgraded to Underweight from Hold at KeyBanc... Woodward (WWD) downgraded to Underweight from Hold at KeyBanc... Xilinx (XLNX) downgraded to Equal Weight from Overweight at Barclays.
09:08 EDTGOOGLendingClub and Google partner for new business financing program
Lending Club (LC) announced a new pilot program in partnership with Google (GOOG) to facilitate low-interest financing to eligible Google partners. The program allows Google to purchase the loans, thus investing its own capital in its partner network to drive business growth. Lending Club will service the loans.
09:05 EDTGOOGGoogle and PricewaterhouseCoopers partner to bid for DoD healthcare program
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07:13 EDTVVUSJPMorgan to hold a conference
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07:11 EDTCSCCSC downgraded to Underweight from Neutral at JPMorgan
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06:30 EDTGOOGGoogle in talks with major automakers on driverless cars, Reuters reports
Google (GOOG) is in talks with many of the top automakers in the world, including Toyota (TM), GM (GM) and Ford (F), about developing driveless vehicles, the director of Google's self-driving car project said yesterday, according to Reuters. The tech giant has also hired a group of "traditional and nontraditional suppliers" to bolster its efforts, with Nvidia (NVDA) one of the latter group, the news service quoted the executive as saying. Google aims to bring driverless vehicles to the market by 2020, the executive said, Reuters reported. Reference Link
January 14, 2015
12:21 EDTGOOGGoogle to launch smartphone in test market of Puerto Rico, Tech Crunch says
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10:27 EDTGOOGFacebook, Google seen at front of 'multi-year' positive run for Internet stocks
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09:46 EDTGOOGGoogle initiated with a Buy at Rosenblatt
Target $575.
09:36 EDTGOOGActive equity options trading
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08:15 EDTGOOGGoogle sentiment may be overly negative, says RW Baird
Baird believes investor sentiment for Google may be overly negative, exacerbated by the accelerating shift to mobile. The firm believes that 50%-60% of Google's revenues are already coming from Mobile, Video, Local Enterprise and other segments, which removes worries about desktop dependence. Baird also noted the company's valuation is at the low end of comparable multiples, suggesting a favorable risk/reward scenario. Baird reiterated its Outperform rating and $680 price target on Google shares.
07:41 EDTGOOGGoogle risk/reward compelling, says SunTrust
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06:29 EDTGOOGCompanies reach new deal on worker hiring issue, Reuters says
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06:14 EDTGOOGMediaTek: Worldwide tablet shipments rise at slower pace, DigiTimes says
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