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Stock Market & Financial Investment News

News For APKT;ORCL;SONS;HLF;NUS;BTH;PKT;RMTI;MOBI;PC;RCL;CLX;HUM From The Last 14 Days
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March 26, 2015
16:33 EDTSONSSonus initiated with a Neutral at Guggenheim
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15:57 EDTRMTIRockwell Medical says NKF selects four abstracts for Triferic for presentation
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March 25, 2015
14:25 EDTORCLOracle volatility at low end of history range as shares near 15-year high
Oracle April and May call option implied volatility is at 17, September is at 18; compared to its 26-week average of 22 according to Track Data suggesting decreasing price risk.
14:14 EDTORCLOracle EVP says Ellison has lost voice, Bloomberg reports
Bloomberg cites Oracle EVP Bob Weiler commenting on Chairman Larry Ellison. Bloomberg reported earlier that Ellison cancelled his planned presentation at the company's Industry Connect conference.
13:57 EDTORCLOracle Chairman Ellison cancels presentation, Bloomberg reports
Oracle Chairman Larry Ellison cancelled his planned presentation at the company's Industry Connect conference, Bloomberg reports.
10:00 EDTSONSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AB InBev (BUD) downgraded to Reduce from Overweight at HSBC... BreitBurn Energy (BBEP) downgraded to Sell from Neutral at UBS... DiamondRock (DRH) downgraded to Reduce from Neutral at SunTrust... Ethan Allen (ETH) downgraded to Hold from Buy at Gabelli... Felcor Lodging (FCH) downgraded to Neutral from Buy at SunTrust... Finish Line (FINL) downgraded to Neutral from Buy at B. Riley... Hannover Re (HVRRY) downgraded to Sell from Hold at Deutsche Bank... Hersha Hospitality (HT) downgraded to Reduce from Neutral at SunTrust... Host Hotels (HST) downgraded to Reduce from Neutral at SunTrust... ING Groep (ING) downgraded to Neutral from Buy at Goldman... Informatica (INFA) downgraded to Neutral from Buy at Mizuho... Kofax (KFX) downgraded to Hold from Buy at Canaccord... LRR Energy (LRE) downgraded to Sell from Neutral at UBS... LaSalle Hotel (LHO) downgraded to Reduce from Neutral at SunTrust... Munich Re (MURGY) downgraded to Sell from Hold at Deutsche Bank... Orbital ATK (OA) downgraded to Market Perform from Outperform at Wells Fargo... PCTEL, Inc. (PCTI) downgraded to Neutral from Buy at B. Riley... Quest Diagnostics (DGX) downgraded to Hold from Buy at Deutsche Bank... SJW Corp. (SJW) downgraded to Neutral from Outperform at RW Baird... Selective Insurance (SIGI) downgraded to Neutral from Buy at BofA/Merrill... Sonus (SONS) downgraded to Hold from Buy at Wunderlich... Starwood (HOT) downgraded to Neutral from Buy at SunTrust... Synchrony Financial (SYF) downgraded to Neutral from Buy at BofA/Merrill... Tesla (TSLA) downgraded to Underperform from Outperform at CLSA... Twitter (TWTR) downgraded to Hold from Buy at Pivotal Research... ZAGG (ZAGG) downgraded to Market Perform from Outperform at Northland... iDreamSky (DSKY) downgraded to Neutral from Overweight at JPMorgan.
07:07 EDTSONSSonus downgraded to Market Perform from Outperform at Northland
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06:53 EDTRCLRoyal Caribbean to expand Chinese operations, WSJ says
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06:32 EDTSONSSonus downgraded to Hold from Buy at Wunderlich
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March 24, 2015
16:20 EDTSONSOn The Fly: Closing Wrap
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13:01 EDTSONSSonus downgraded to Market Perform from Outperform at William Blair
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12:44 EDTSONSOn The Fly: Midday Wrap
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12:06 EDTSONSSonus downgraded to Market Perform from Outperform at Barrington
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11:26 EDTSONSSonus downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Sonus to Market Perform citing the reduced Q1outlook from carrier delays.
10:09 EDTSONSHigh option volume stocks
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09:47 EDTSONSSonus shares maintained as a Buy at Jefferies
Jefferies said Sonus' long-term story is intact and expects the company to benefit from the transition to IP-based real-time communications. Shares are Buy rated with a $25 price target.
09:22 EDTSONSOn The Fly: Pre-market Movers
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08:49 EDTHUMHumana price target raised to $193 from $167 at Oppenheimer
Oppenheimer increased its price target on Humana (HUM) to reflect the company's sale of Concentra to Select Medical (SEM) and Welsh Carson for $1.055B. The firm says that the deal is likely to be supportive of Humana's earnings growth over the longer term. It keeps an Outperform rating on the shares.
08:12 EDTSONSSonus down 33.21% in pre-market trading after cutting Q1 guidance
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07:47 EDTSONSSonus volatility flat at 46 into cutting Q1 guidance
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07:43 EDTHUMDaVita subpoenas have mixed outcomes, says William Blair
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07:41 EDTHUMHumana received DOJ request for information on Medicare
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07:35 EDTSONSSonus says 'no longer expects to receive certain orders' this quarter
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07:33 EDTSONSSonus sees FY15 revenue up to 25% below midpoint of previous $326M-$330M view
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07:32 EDTSONSSonus initiates company-wide review of cost structure
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07:32 EDTSONSSonus cuts Q1 EPS view to (34c)-(29c) from 3c
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07:31 EDTSONSSonus cuts Q1 revenue view to $47M-$50M from $74M
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07:07 EDTHLFHerbalife plans PR campaign to hit back at Ackman, CNBC reports
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March 23, 2015
12:55 EDTSONSFollow-up: Sonus downgraded at Wedbush
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12:41 EDTSONSSonus downgraded to Neutral from Outperform at Wedbush
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12:17 EDTHUMOn The Fly: Midday Wrap
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11:26 EDTHLFHerbalife rallies, retraces, levels to watch
The shares hit an intraday high at $48.55 and have since turned lower. At the last price of $46.04, support is at $45.11 and then at $44.11, a prior pivot high. Resistance is at $46.24.
11:22 EDTORCLOptions with decreasing implied volatility
Options with decreasing implied volatility: FOLD NKTR RUSL XONE GES CTRP WSM NLY ADBE ORCL
10:53 EDTHLFHerbalife continues recent strength with 10% jump
Shares of multi-level marketing company Herbalife (HLF) were up about 10% in morning trading after being up as much as 15% to $48.55 earlier this morning. On March 16, a judge in the U.S. District Court for the Central District of California granted Herbalife its motion to dismiss a class action complaint brought on behalf of shareholders who allege that the company and its executives violated federal securities laws by misrepresenting the "nature, scope and legality" of the company's business and operations. On March 20, Pershing Square, which noted that Bill Ackman and the firm were not parties to the Awad case decided the prior week, said the court’s decision "did not address in any way whether Herbalife is an illegal pyramid scheme, nor did the Court exonerate or bless Herbalife’s business practices." Since March 16, Herbalife shares are up about 29%.
10:14 EDTHLFHerbalife volatility elevated on sharp rally
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09:40 EDTRCLOppenheimer to hold a field trip
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09:07 EDTHUMSelect Medical agrees to acquire Concentra through JV with Welsh Carson
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09:04 EDTHUMHumana to sell Concentra to Select Medical, Welsh Carson for $1.055B in cash
Humana (HUM) has reached a definitive agreement to sell the stock of its wholly-owned subsidiary, Concentra, to MJ Acquisition Corporation, a joint venture between Select Medical Holdings Corporation (SEM), an operator of specialty hospitals and outpatient rehabilitation clinics in the U.S., and Welsh, Carson, Anderson & Stowe XII, L.P., a private equity fund, for approximately $1.055B in cash, subject to customary adjustments. Humana acquired Concentra in December 2010. Subsequently, the assets of certain privately-operated Community Based Outpatient Clinics were transferred into Concentra. Additionally, Humana has divested certain Concentra non-core assets over the past four years. The decision to divest Concentra demonstrates the company’s commitment to its previously announced business portfolio review. Humana will continue performing its review of the alignment and return potential of businesses across the organization to ensure each supports the company’s integrated care delivery strategy and earns the appropriate return on invested capital. The Concentra transaction is anticipated to close during the second quarter of 2015 subject to Hart Scott Rodino regulatory clearance and customary closing conditions. Humana anticipates using the net proceeds from the transaction to advance its strategic growth priorities, to fund additional share repurchases under its existing $2 billion authorization and for general corporate purposes. Goldman, Sachs & Co. is acting as financial advisor to Humana. Fried, Frank, Harris, Shriver & Jacobson LLP is acting as legal advisor to Humana. Concentra reported revenues for the year ended December 31, 2014 were approximately $1B. Humana anticipates the Concentra divestiture will be slightly dilutive to 2015 EPS excluding any one-time gain expected upon the close of the transaction.
09:02 EDTHUMHumana reiterates FY15 EPS view $8.50-$9.00, concensus $8.87
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09:02 EDTHUMHumana to sell Concentra to Select Medical, Welsh Carson for $1.055B in cash
March 20, 2015
16:33 EDTORCLStocks end week higher after market reads Fed statement as dovish
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15:45 EDTHLFHerbalife breaks above top of recent range, levels to watch
Shares have broken out of the top of the recent trading range at $40. This is bullish price behavior. At the current price of $40.79 next resistance is at $42. Support is at $40. It would be bearish for price if the stock resumes trading below the $40 area.
15:38 EDTHLFHerbalife volatility stays elevated on sharp rally
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13:50 EDTHLFPershing Square corrects inaccurate press reports regarding Herbalife
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10:18 EDTORCLOptions with decreasing implied volatility
Options with decreasing implied volatility: NKTR FOLD RUSL RSX ORCL GES CTRP SLXP WSM SPXS
10:00 EDTRCLOn The Fly: Analyst Initiation Summary
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08:18 EDTHUMLeerink healthcare services analyst holds an analyst/industry conference call
Healthcare Services Analyst Gupte discusses Sustainable Growth Rate (SGR) and the proposed pay-fors and implications For Healthcare Services on an Analyst/Industry conference call to be held on March 20 at 11 am.
06:20 EDTRCLRoyal Caribbean initiated with a Neutral at Wedbush
Target $92.
March 19, 2015
11:02 EDTHLFOptions with increasing implied volatility
Options with increasing implied volatility: HLF RAD NFLX HLSS NOW
10:42 EDTORCLOptions with decreasing implied volatility
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March 18, 2015
16:26 EDTORCLOn The Fly: Closing Wrap
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13:49 EDTHLFHerbalife says 'confident in strong fundamentals of business model'
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12:38 EDTORCLOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday ahead of the conclusion of the Federal Reserve's latest rate setting meeting and the central bank's accompanying announcements. The averages began the session in negative territory and have been range-bound throughout the morning. The Dow was down triple digits once again, making 8 consecutive days that the blue chip index has seen a triple digit move. ECONOMIC EVENTS: In the U.S., the DOE petroleum inventory reports showed a 9.6M barrel rise in crude stocks in the week of March 13, versus expectations for a 4.4M build. The day's big economic news is yet to come, with the Fed's FOMC meeting announcement due at 2:00 pm EDT and Fed Chair Yellen holding a press conference a half hour later. Elsewhere, Prime Minister Benjamin Netanyahu unexpectedly defeated his main challenger in Israel’s election and his Likud party appears set to capture more parliament seats. COMPANY NEWS: Shares of FedEx (FDX) slid 2.5% after the shipping giant reported earnings that beat estimates, but revenue that fell short of the consensus forecast, for its third fiscal quarter. FedEx noted that it expects to deliver "record" yearly earnings for the current fiscal year and next fiscal year as well... Oracle (ORCL) shares rose 2.5% after the company's third quarter profits matched expectations and it raised its quarterly dividend 25%. MAJOR MOVERS: Among the notable gainers was Vitesse Semiconductor (VTSS), which jumped 37% after the company agreed to be acquired for $5.28 per share in cash by Microsemi (MSCC). Also higher was Retrophin (RTRX), which rose 28% after the company said it will exercise its right to purchase from Asklepion Pharmaceuticals all worldwide rights, titles, and ownership of Cholbam after the FDA approved the drug for the treatment of pediatric and adult patients with bile acid synthesis disorders due to single enzyme defects and for patients with peroxisomal disorders. Among the noteworthy losers was Willbros Group (WG), which dropped 55% and was downgraded to Underperform at DA Davidson after announcing its earnings report will be delayed and the company is in potential non-compliance with debt covenants. Also lower following their earnings reports were Nektar Therapeutics (NKTR), which fell 15% after the company's Phase III BEACON metastatic breast cancer study missed its primary endpoint. INDEXES: Near midday, the Dow was down 105.02, or 0.59%, to 17,744.06, the Nasdaq was down 12.45, or 0.25%, to 4,924.99, and the S&P 500 was down 7.69, or 0.37%, to 2,066.59.
10:02 EDTORCLOracle moves higher post-earnings, levels to watch
Shares are up 4.4% to $44.76 at time of writing, just off the high of the day at $44.94. At that price next resistance is at the 52-week high at $46.71. Support is at $44.30, the opening price of the day.
09:33 EDTRCLRoyal Caribbean initiated with a Buy at Buckingham
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09:23 EDTHLF, ORCLOn The Fly: Pre-market Movers
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08:02 EDTHLFHerbalife wins dismissal of class action 'pyramid scheme' lawsuit
On March 16, a judge in the U.S. District Court for the Central District of California granted Herbalife its motion to dismiss a class action complaint brought on behalf of shareholders who allege that the company and its executives violated federal securities laws by misrepresenting the "nature, scope and legality" of the company's business and operations. According to the plaintiffs, Herbalife and its executives, including CEO Michael Johnson, misrepresented Herbalife as a legitimate multi-level marketing company when it "is actually an illegal pyramid scheme." The court concluded that the suit's plaintiffs have not adequately pled loss causation, meaning that the court need not consider Herbalife’s alternative arguments, according to a court filing. Shares of Herbalife are up 3% in pre-market trading after the court dismissal was widely reported by Bloomberg last night.
07:42 EDTORCLOracle remains a favorite large-cap value stock, says Canaccord
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07:25 EDTORCLOracle sentiment should improve following Q3 results, says UBS
UBS noted Oracle reported solid Q3 results, including growth in cloud, infrastructure, and hardware. The results came despite foreign exchange headwinds and the firm now sees investor sentiment improving, resulting in a higher share price. UBS reiterated its Buy rating and raised its price target to $48 from $47 on Oracle shares.
07:13 EDTHLFHerbalife complaint letter signer subpoenaed, Hartford Courant reports
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07:03 EDTSONSSonus transitions enterprises to Microsoft Skype for business
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07:01 EDTORCLOracle reported solid results, executing well, says Cantor
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06:25 EDTNUSCiti calls Nu Skin its 'pot of gold on St. Patrick’s Day'
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06:04 EDTORCLOracle implied volatility of 30 at upper end of index
March 17, 2015
19:42 EDTHLF, ORCLOn The Fly: After Hours Movers
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18:27 EDTHLFHerbalife up over 5% following favorable court ruling in 'pyramid scheme' suit
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18:07 EDTHLFHerbalife wins dismissal of 'pyramid scheme' lawsuit, Bloomberg says
17:32 EDTORCLOracle says cloud bookings now growing 100% per year
17:30 EDTORCLOracle says will outsell Salesforce.com in new SaaS, PaaS business this year
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17:24 EDTORCLOracle says growing faster than Salesforce.com
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17:18 EDTORCLOracle sees Q4 EPS in constant currency 90c-96c, consensus 94c
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17:06 EDTORCLOracle up 3.38% after reporting Q3 financial results
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17:05 EDTORCLOracle Q3 Software and Cloud revenue up 7% in constant currency
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16:09 EDTORCLOracle says total Cloud SaaS, PaaS and IaaS revenues were up 33%
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16:05 EDTORCLOracle raises quarterly dividend 25% to 15c per share
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16:03 EDTORCLOracle says Q3 Software and Cloud revenues up 1% to $7.2B
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16:02 EDTORCLOracle reports Q3 EPS 68c, consensus 68c
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15:18 EDTORCLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Oracle (ORCL), consensus 68c... Adobe (ADBE), consensus 39c.
15:03 EDTORCLWipro takes minority stake in Drivestream
Wipro (WIT) and Drivestream announced that they have signed an agreement to enter into a strategic partnership to build an integrated Cloud Solutions stack for customers. As part of this arrangement, Wipro is investing $5M in Drivestream, a leading Oracle (ORCL) cloud applications systems integrator. This is part of Wipro’s strategic drive to actively participate in the external innovation eco-system, for which the company has set up Wipro Ventures, a $100M fund focused on investing in disruptive start-ups.
13:15 EDTORCLOracle March 43.5 straddle priced for 5.1% movement into Q3
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10:26 EDTHLFOptions with increasing implied volatility
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March 16, 2015
17:56 EDTPKTEngaged reports 5.8% passive stake in Procera Networks
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17:08 EDTNUSNu Skin gets direct selling authorization for additional city in mainland China
Nu Skin Enterprises announced it has received approval from China's Ministry of Commerce for the company to commence direct selling activities in Shaoxing City in Zhejiang Province. Nu Skin is now licensed in 30 cities in 19 provinces and municipalities. The licensing process included a review of the company's operations. According to the Shaoxing City government, the city's population was more than 6M in 2013.
12:36 EDTORCLOracle March volatility increases into Q3 and outlook
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09:04 EDTHUMHumana announcse completion of $500M accelerated share repurchase program
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07:32 EDTORCLUBM Tech to hold a conference
Enterprise Connect 2015 is being held in Orlando, Florida on March 16-19.
05:50 EDTHLFStocks with implied volatility movement; FIG HLF
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March 13, 2015
16:24 EDTHLFOn The Fly: Closing Wrap
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13:00 EDTHLFGlobal Strategy Group says not subject of federal investigation, Forbes reports
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12:33 EDTHLFOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after data showed that U.S. wholesale prices unexpectedly declined in February for a fourth straight month. The Dow has lost more than 200 points, giving back most of what it had gained yesterday. ECONOMIC EVENTS: In the U.S., the producer price index decreased 0.5% in February, versus expectations for a gain of 0.3%. The "core" PPI, which excludes food and fuel, also declined 0.5%. The University of Michigan consumer sentiment index dropped to 91.2 in the preliminary reading for March, which was down from February's 95.4 reading and below the 95.5 consensus forecast. The Baker Hughes U.S. rig count for the week of March 13 is expected at 1:00 pm EDT. Outside the U.S., Russia's central bank cut its key interest rate by one percentage point to 14%. COMPANY NEWS: Herbalife (HLF) shares advanced nearly 13% after The Wall Street Journal reported last night that the FBI and Manhattan's federal attorney's office are investigating whether the stock has been manipulated. In response, Pershing Square Capital's Bill Ackman said his firm is not aware of any statements that it has made that are untrue, nor is it aware of any unlawful conduct on its part or by any consultants that it has hired, in relation to Herbalife, which Ackman reiterated he believes is a pyramid scheme. MAJOR MOVERS: Among the noteworthy advancers was NXP Semiconductors (NXPI), which gained 4% after Needham initiated coverage of with a Strong Buy and $140 price target. Also of note, the U.S. International Trade Commission agreed to investigate certain electronic products with near field communication systems made by Dell that NXP claims infringe its patents. Also higher was El Pollo Loco (LOCO), which rose 12.5% after the restaurant operator’s quarterly results surpassed consensus estimates. Among the noteworthy losers was Whiting Petroleum (WLL), which slid 8.5% following a report from Reuters that said the company may look to sell certain assets, not the whole company as had previously been suggested by media reports. Also lower following its earnings reports was teen apparel retailer Aeropostale (ARO), which fell more than 17%. INDEXES: Near midday, the Dow was down 211.25, or 1.18%, to 17,683.97, the Nasdaq was down 44.12, or 0.9%, to 4,849.17, and the S&P 500 was down 20.01, or 0.97%, to 2,045.94.
11:32 EDTHLFPershing Square says not aware of making any untrue statements about Herbalife
Pershing Square Capital Management CEO Bill Ackman disclosed a letter to Pershing Square investors in response to yesterday’s article in The Wall Street Journal regarding Herbalife. In the letter, Ackman states: "Since our initial presentation on Herbalife, Herbalife has been petitioning the government to investigate Pershing Square in connection with our short position in the company. We are not aware of any statements that we have made that are untrue, nor are we aware of any unlawful conduct on our part or by any consultants that we have hired...At no time have I or Pershing Square intentionally made any false or misleading statements about Herbalife...We have also voluntarily provided additional information about Herbalife to various U.S. authorities. It is Pershing Square’s long-standing policy to cooperate fully with any requests from any government agency for documents or for interviews."
09:25 EDTHLFOn The Fly: Pre-market Movers
UP AFTER EARNINGS: FXCM (FXCM), up 15.8%... El Pollo LoCo (LOCO), up 9.9%... Ulta Salon (ULTA), up 7.1%... Hibbett Sports (HIBB), up 5.1%... Ann Inc (ANN), up 5.5%... Spectrum Pharmaceuticals (SPPI), up 2.9%. ALSO HIGHER: Herbalife (HLF), up 5.1% following a Wall Street Journal report that federal prosecutors are investigating potential stock manipulation... Mobileye (MBLY), up 4.7% after being upgraded at Goldman... NXP Semiconductors (NXPI), up 1.7% after being initiated with a Strong Buy at Needham. DOWN AFTER EARNINGS: Aeropostale (ARO), down 13.2%... CTI BioPharma (CTIC), down 7.7%... Civeo (CVEO), down 3.4%. ALSO LOWER: Galena Biopharma (GALE), down 10.4% after announcing public offering of common stock and warrants... Whiting Petroleum (WLL), down 7.6% following a report from Reuters that explains that the company looks to sell certain assets instead of the whole company... Continental Building (CBPX), down 7.5% after 5M share Spot Secondary priced at $19.70.
08:16 EDTHLFAckman says not trading around Herbalife position
Bill Ackman of Pershing Square is speaking on CNBC.
08:10 EDTHLFAckman says Herbalife CEO has 'disappeared' the last two years
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08:07 EDTHLFAckman reiterates Herbalife is a pyramid scheme
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08:05 EDTHLFAckman says spending on Herbalife investigation less than $50M
Bill Ackman of Pershing Square is speaking on CNBC.
08:05 EDTHLFAckman says received no subpoenas over Herbalife
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07:20 EDTHLFAckman says 'puzzled' by Herbalife manipulation story, CNBC reports
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06:04 EDTORCLOracle implied volatility of 28 at upper end of index mean range
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