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Stock Market & Financial Investment News

News Breaks
August 30, 2013
12:24 EDTAPA, KKD, SPLK, LCC, CRM, OVTI, AAMRQOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday as the worst month for the market in some time looks set to have a fitting last day of trading. Investors received data on personal spending, a regional business barometer and a final confidence reading for the month, but given the risks of a possible weekend military action in Syria investors did not appear ready to add to their stock exposure ahead of the long holiday weekend. The Nasdaq, which was within striking distance of ending the week in positive territory early in the session, has dropped along with the other averages, making it look as if it will suffer its fourth consecutive weekly decline. ECONOMIC EVENTS: In the U.S., consumer spending rose less than forecast in July as income growth slowed. Personal income in the month rose 0.1%, versus the expected increase of 0.2%, while personal spending rose 0.1%, versus an expected 0.3% increase. The Chicago ISM rose 0.7 points to 53.0 in August, matching the forecast of analysts. The final August reading of the University of Michigan Consumer Sentiment survey was revised up to 82.1, which was higher than the preliminary August estimate of 80.0, but lower than Julyís reading of 85.1. In Asia, Japanís consumer prices increased at the fastest pace since 2008 in July, a sign Prime Minister Shinzo Abe's steps to pull the nation's economy out of 15 years of deflation have made progress. COMPANY NEWS: Shares of energy explorer Apache (APA) rose after the company announced a deal to sell a 33% stake in its Egyptian business to China's Sinopec for $3.1B in cash. A number of analysts reacted positively to the news and Apache's stock advanced about 7% near noon... A judge sided with US Airways (LCC) and American Airlines parent AMR Corp. (AAMRQ) and set a November date for a trial to rule on the Department of Justice's challenge to the airlines' proposed merger. Shares of US Air rose 4% and AMR shares were up nearly 9% following the ruling. MAJOR MOVERS: Among the notable gainers was enterprise cloud computing provider Salesforce.com (CRM), which rose 14% after the company beat second quarter estimates and raised its full year 2014 outlook. Also higher following its earning report was another tech name, Splunk (SPLK), which was upgraded at FBR Capital and gained 11%. Among the noteworthy losers was image-sensor devices company OmniVision Technologies (OVTI), which fell over 15% after the company's first quarter revenue fell shy of consensus estimates and it issued disappointing guidance. Also lower following its earnings report was donut maker Krispy Kreme (KKD), which saw its stock drop 14%. INDEXES: Near noon, the Dow was down 39.84, or 0.27%, to 14,801.11; the Nasdaq was down 24.24, or 0.67%, to 3,596.06; and the S&P 500 was down 4.55, or 0.28%, to 1,633.62.
News For APA;CRM;SPLK;AAMRQ;LCC;KKD;OVTI From The Last 14 Days
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April 23, 2015
10:50 EDTCRMSalesforce.com calls active on renewed takeover chatter
Salesforce.com April weekly 68 and 69 calls are active on total call volume of 7K contracts (1K puts) on renewed takeover speculation. April weekly option implied volatility is at 34, May is at 23, June is at 33, July is at 29; compared to its 26-week average of 33 according to Track Data. Active call volume suggests traders taking positions for large price movement.
10:45 EDTCRMRumor: Salesforce.com active on renewed takeover speculation
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April 22, 2015
11:08 EDTCRMOptions with increasing implied volatility
Options with increasing implied volatility: CZR FMSA PSEC CSX AEO CRM BBY SPLS HPQ DTV
10:25 EDTAPANomura U.S. energy analysts hold an analyst/industry conference call
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10:02 EDTAPAOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Alcoa (AA) initiated with a Neutral at Cleveland Research... American Electric (AEP) initiated with a Neutral at Guggenheim... American Water (AWK) initiated with a Buy at Guggenheim... Anadarko (APC) initiated with a Buy at Nomura... Apache (APA) initiated with a Reduce at Nomura... Associated Banc Corp (ASB) initiated with a Market Perform at Wells Fargo... Cabot Oil & Gas (COG) initiated with a Neutral at Nomura... Canadian Natural (CNQ) initiated with a Buy at Nomura... Cenovus Energy (CVE) initiated with a Reduce at Nomura... Chesapeake (CHK) initiated with a Reduce at Nomura... Cimarex Energy (XEC) initiated with a Neutral at Nomura... Communications Sales & Leasing (CSAL) initiated with an Overweight at Stephens... Concho Resources (CXO) initiated with a Buy at Nomura... Consolidated Edison (ED) initiated with a Neutral at Guggenheim... Continental Resources (CLR) initiated with a Buy at Nomura... DTE Energy (DTE) initiated with a Buy at Guggenheim... Denbury Resources (DNR) initiated with a Reduce at Nomura... Depomed (DEPO) initiated with an Overweight at Piper Jaffray... Devon Energy (DVN) initiated with a Neutral at Nomura... Dominion (D) initiated with a Buy at Guggenheim... Duke Energy (DUK) initiated with a Buy at Guggenheim... EOG Resources (EOG) initiated with a Buy at Nomura... Edison International (EIX) initiated with a Neutral at Guggenheim... Encana (ECA) initiated with a Buy at Nomura... Entergy (ETR) initiated with a Neutral at Guggenheim... Eversource (ES) initiated with a Buy at Guggenheim... Exelon (EXC) initiated with a Buy at Guggenheim... FirstEnergy (FE) initiated with a Neutral at Guggenheim... Great Plains Energy (GXP) initiated with a Buy at Guggenheim... Hess Corp. (HES) initiated with a Neutral at Nomura... Marathon Oil (MRO) initiated with a Buy at Nomura... Media General (MEG) initiated with a Neutral at Nomura... Medley Capital (MCC) initiated with a Buy at Janney Capital... Murphy Oil (MUR) initiated with a Neutral at Nomura... Newfield Exploration (NFX) initiated with a Buy at Nomura... Newtek Business Services (NEWT) initiated with a Neutral at Ladenburg... NextEra Energy (NEE) initiated with a Buy at Guggenheim... Noble Energy (NBL) initiated with a Reduce at Nomura... Oasis Petroleum (OAS) initiated with a Neutral at Nomura... PG&E (PCG) initiated with a Neutral at Guggenheim... PPL Corp. (PPL) initiated with a Buy at Guggenheim... PSEG (PEG) initiated with a Buy at Guggenheim... Pernix Therapeutics (PTX) initiated with an Overweight at Piper Jaffray... Pinnacle West (PNW) initiated with a Neutral at Guggenheim... Pioneer Natural (PXD) initiated with a Buy at Nomura... RSP Permian (RSPP) initiated with a Buy at Wunderlich... Range Resources (RRC) initiated with a Buy at Nomura... STMicroelectronics (STM) initiated with a Buy at Craig-Hallum... Southern Company (SO) initiated with a Neutral at Guggenheim... Southwestern Energy (SWN) initiated with a Neutral at Nomura... Starz (STRZA) initiated with a Sector Perform at FBN Securities... Stellus Capital (SCM) initiated with a Neutral at Janney Capital... Suncor (SU) initiated with a Buy at Nomura... TECO Energy (TE) initiated with a Neutral at Guggenheim... Tribune Media (TRCO) initiated with a Hold at Jefferies... Ultra Petroleum (UPL) initiated with a Neutral at Nomura... Whiting Petroleum (WLL) initiated with a Neutral at Nomura... Zogenix (ZGNX) initiated with an Overweight at Piper Jaffray... bluebird bio (BLUE) initiated with a Buy at Maxim.
07:14 EDTAPAApache initiated with a Reduce at Nomura
Target $63.
April 21, 2015
07:15 EDTSPLKUBS to host a software tour
Software Tour at RSA Conference is being held on April 21-24.
April 20, 2015
10:00 EDTSPLKOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 58.com (WUBA) initiated with a Hold at Summit Research... Aduro Biotech (ADRO) initiated with a Buy at Roth Capital... Alibaba (BABA) initiated with a Buy at Summit Research... Baidu (BIDU) initiated with a Buy at Summit Research... Callaway Golf (ELY) initiated with a Buy at Jefferies... Cellectis (CLLS) initiated with a Buy at Jefferies... Changyou.com (CYOU) initiated with a Buy at Summit Research... Cheetah Mobile (CMCM) initiated with a Buy at Summit Research... Ctrip.com (CTRP) initiated with a Hold at Summit Research... Dynegy (DYN) initiated with an Overweight at Morgan Stanley... FMC Corporation (FMC) initiated with a Neutral at Monness Crespi... Franklin Financial Network (FSB) initiated with a Buy at BofA/Merrill... Granite Construction (GVA) initiated with an Outperform at Cowen... Hershey (HSY) initiated with a Reduce at Nomura... JD.com (JD) initiated with a Hold at Summit Research... Jumei (JMEI) initiated with a Buy at Summit Research... McEwen Mining (MUX) initiated with a Buy at H.C. Wainwright... Natural Gas Services (NGS) initiated with a Neutral at Sidoti... New Residential (NRZ) initiated with a Buy at BofA/Merrill... Platform Specialty Products (PAH) initiated with an Outperform at Credit Suisse... Qihoo 360 (QIHU) initiated with a Buy at Summit Research... Qunar (QUNR) initiated with a Buy at Summit Research... SINA (SINA) initiated with a Hold at Summit Research... Smith & Wesson (SWHC) initiated with a Sector Perform at RBC Capital... Sohu.com (SOHU) initiated with a Hold at Summit Research... SolarEdge (SEDG) initiated with a Buy at Deutsche Bank... Splunk (SPLK) initiated with a Buy at Citigroup... Tableau (DATA) initiated with a Neutral at Citigroup... Team Health (TMH) initiated with an Outperform at Leerink... Tuniu (TOUR) initiated with a Buy at Summit Research... Vipshop (VIPS) initiated with a Buy at Summit Research... Vista Outdoor (VSTO) initiated with an Outperform at RBC Capital... Weibo (WB) initiated with a Buy at Summit Research... YY Inc. (YY) initiated with a Buy at Summit Research... Youku Tudou (YOKU) initiated with a Hold at Summit Research... Zhaopin (ZPIN) initiated with a Hold at Summit Research.
08:32 EDTAPABofA/Merrill European strategists hold an analyst/industry conference call
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06:29 EDTSPLKSplunk initiated with a Buy at Citigroup
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April 17, 2015
10:00 EDTSPLKOn The Fly: Analyst Initiation Summary
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09:36 EDTCRMActive equity options trading on open
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07:20 EDTSPLKSplunk outlook has improved, says Stifel
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06:06 EDTSPLKSplunk initiated with a Buy at DA Davidson
Target $83.
April 16, 2015
17:55 EDTCRMCloud computing firms lower after ServiceNow reports Q1 results, guidance
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09:07 EDTCRMSalesforce.com's chief architect Scott Hansma joins LendingClub
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April 15, 2015
11:23 EDTCRMSalesforce.com participates in a meeting with Stephens
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April 14, 2015
10:01 EDTSPLKOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AB InBev (BUD) initiated with a Neutral at Susquehanna... AMC Networks (AMCX) initiated with an Overweight at Piper Jaffray... Avery Dennison (AVY) initiated with a Hold at BB&T... Boston Beer (SAM) initiated with a Neutral at Susquehanna... Brocade (BRCD) initiated with a Neutral at Wedbush... Bunge (BG) initiated with an Overweight at Stephens... CIRCOR (CIR) initiated with a Speculative Buy at Global Hunter... Cabot Microelectronics (CCMP) initiated with a Buy at BB&T... Canadian Natural (CNQ) initiated with a Buy at GMP Securities... Cenovus Energy (CVE) initiated with a Hold at GMP Securities... China Distance Education (DL) initiated with a Buy at Brean Capital... Coca-Cola Enterprises (CCE) initiated with a Negative at Susquehanna... Coca-Cola (KO) initiated with a Negative at Susquehanna... Constellation Brands (STZ) initiated with a Neutral at Susquehanna... Discover (DFS) initiated with an Outperform at Wells Fargo... Dr Pepper Snapple (DPS) initiated with a Neutral at Susquehanna... Flex Pharma (FLKS) initiated with a Buy at H.C. Wainwright... Flowserve (FLS) initiated with a Neutral at Global Hunter... Goldman Sachs BDC (GSBD) initiated with a Neutral at BofA/Merrill... ITT Corp. (ITT) initiated with an Accumulate at Global Hunter... Intra-Cellular (ITCI) initiated with an Outperform at RBC Capital... Keurig Green Mountain (GMCR) initiated with a Positive at Susquehanna... Microsemi (MSCC) initiated with a Buy at Topeka... Molson Coors (TAP) initiated with a Positive at Susquehanna... Monster Beverage (MNST) initiated with a Neutral at Susquehanna... New Oriental Education (EDU) initiated with a Hold at Brean Capital... OM Group (OMG) initiated with a Buy at BB&T... Pattern Energy (PEGI) initiated with a Buy at Citigroup... Pentair (PNR) initiated with a Neutral at Global Hunter... PepsiCo (PEP) initiated with a Positive at Susquehanna... Ply Gem (PGEM) initiated with an Overweight at KeyBanc... SodaStream (SODA) initiated with a Positive at Susquehanna... Splunk (SPLK) initiated with an Outperform at Baird... SteadyMed (STDY) initiated with an Outperform at JMP Securities... Suncor (SU) initiated with a Hold at GMP Securities... SuperCom (SPCB) initiated with a Buy at B. Riley... TAL Education (XRS) initiated with a Buy at Brean Capital... Tarena (TEDU) initiated with a Buy at Brean Capital... Ulta Salon (ULTA) initiated with a Buy at Evercore ISI... Versartis (VSAR) initiated with a Buy, $50 target at SunTrust... WisdomTree (WETF) initiated with a Market Perform at Keefe Bruyette... uniQure (QURE) initiated with a Buy at Roth Capital.
April 13, 2015
17:14 EDTSPLKSplunk initiated with an Outperform at Baird
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12:42 EDTCRMFly Watch: Wells says ServiceNow likely to unveil upbeat revenue target
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