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Stock Market & Financial Investment News

News Breaks
May 29, 2014
10:26 EDTVMW, TWTR, QIHU, PSEC, PINC, PANW, MELI, DLTR, HMY, DO, DHI, COR, BIIB, AUOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AngloGold (AU) upgraded to Overweight from Neutral at HSBC... Biogen (BIIB) upgraded to Overweight from Neutral at JPMorgan... CoreSite Realty (COR) upgraded to Hold from Sell at Cantor... D.R. Horton (DHI) upgraded at RBC Capital... Diamond Offshore (DO) upgraded at Morgan Stanley... Dollar Tree (DLTR) upgraded at Sterne Agee... Harmony Gold (HMY) upgraded to Neutral from Underweight at HSBC... MercadoLibre (MELI) upgraded to Overweight from Neutral at JPMorgan... Palo Alto (PANW) upgraded to Outperform from Perform at Oppenheimer... Premier (PINC) upgraded to Buy from Neutral at Citigroup... Prospect Capital (PSEC) upgraded to Equal Weight from Underweight at Evercore... Qihoo 360 (QIHU) upgraded to Outperform from Underperform at Standard Chartered... Twitter (TWTR) upgraded to Buy from Hold at Cantor... VMware (VMW) upgraded to Overweight from Neutral at Piper Jaffray.
News For AU;BIIB;COR;DHI;DO;HMY;DLTR;MELI;PANW;PINC;PSEC;QIHU;TWTR;VMW From The Last 14 Days
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October 21, 2014
06:09 EDTTWTRTwitter initiated with a Neutral at Citigroup
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October 20, 2014
12:36 EDTPSECOptions with decreasing implied volatility
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11:37 EDTTWTRStocks with call strike movement; X TWTR
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08:31 EDTDLTRFamily Dollar sets Oct. 30 as record date for special meeting of stockholders
Family Dollar Stores (FDO) announced that October 30, 2014 has been established as the record date for determining stockholders entitled to receive notice of, and to vote at, the Special Meeting of Stockholders, at which stockholders will be asked to adopt the previously announced merger agreement, as amended, with Dollar Tree (DLTR).
07:50 EDTDHID.R. Horton initiated with a Neutral at Buckingham
Target $23.
07:32 EDTBIIBCubist names Perez CEO to succeed Bonney
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October 17, 2014
16:09 EDTDLTRElliott Advisors expresses concerns over Family Dollar merger, nominates slate
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16:01 EDTTWTROptions Update; October 17, 2014
iPath S&P 500 VIX Short-Term Futures down 1.75 to 38.58 Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
14:24 EDTVMWVMware October weekly volatility elevated into Q3 and outlook
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12:17 EDTTWTRMark Cuban says buying Netflix shares, sees company as M&A target
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10:00 EDTDLTROn The Fly: Analyst Initiation Summary
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09:38 EDTTWTRActive equity options trading on
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08:11 EDTDLTRDollar Tree initiated with a Buy at Stifel
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October 16, 2014
16:44 EDTTWTRTwitter launches Audio Card with third-party streaming services
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16:01 EDTTWTROptions Update; October 16, 2014
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12:11 EDTMELIeBay sinks after trimming fiscal 2014 revenue outlook
Shares of e-commerce company eBay (EBAY) are sinking after the firm missed revenue expectations for the third quarter and lowered its outlook for for fiscal 2014. The mid-point of its fourth quarter earnings per share, as well as its Q4 revenue guidance also fell below analysts' consensus estimates. WHAT'S NEW: Last night, eBay reported Q3 EPS of 68c and revenue of $4.35B, compared to consensus of 67c and $4.37B, respectively. For the quarter, Marketplaces segment toatl net revenue increased $129M from last year, Payments segment total net revenue increased $330M and Enterprise segment total net revenue increased $7M. In a filing, eBay said that it had no material operating expenses directly related to a cyberattack, but noted that the cyberattack did adversely affect its Marketplaces revenue in the quarter. The company said it is currently unclear whether any loss of customer trust resulting from the breach could negatively impact its Marketplaces segment's results of operations on an ongoing basis or "require us to increase promotional efforts to regain such trust." WHAT'S NOTABLE: Looking ahead, eBay forecast Q4 EPS of 88c-91c and revenue of $4.85B-$4.95B, versus consensus estimates of 91c and $5.16B, respectively. The company announced that FY14 EPS would come in at the low end of its previous guidance of $2.95-$3.00, compared to consensus of $2.97. eBay also lowered its FY14 revenue outlook to $17.85B-$17.95B from $18B-$18.3B, versus analysts' consensus estimates of $18.15B. eBay cited slower Marketplace growth and FX headwinds for the reduced guidance. eBay said PayPal is on track to process 1B mobile transactions in 2014 and that it expects the PayPal separation to be complete in 2H15. ANALYST REACTION: This morning, research firm RBC Capital downgraded eBay to Sector Perform from Outperform following the Q3 report, citing softness in Marketplaces and lower than expected Payments segment margins. The firm lowered its price target on the shares to $55 from $62. Another firm, Stifel, said eBay shares are approaching compelling levels. However, Stifel noted that it is reluctant to become more positive on the stock without more information about the PayPal spin off, potential cost structure changes after the spin and before the stabilization of current operating trends. Stifel kept a Hold rating on the shares. CLSA downgraded eBay to Underperform from Buy and lowered its price target to $52 from $66. The firm cited ongoing issues with Marketplaces, execution risks post split, diminishing PayPal competitive advantages and potential M&A barriers. PRICE ACTION: In intra day trading, eBay fell $3.13, or about 6.3%, to $47.10 on heavy trading volume. Including today's pull back, the shares have lost approximately 12% over the past 12 months. OTHERS TO WATCH: Other ecommerce companies include Amazon.com (AMZN), down 1.8%, and Mercadolibre (MELI), down 0.9%.
10:54 EDTTWTRTwitter October weekly volatility elevated into Q3 and growth outlook
Twitter October weekly call option implied volatility is at 94, November is at 75, December is at 58, January at 54; compared to its 26-week average of 54 according to Track Data, suggesting large near term price movement into the expected release of Q3 results after the market close on October 27.
09:39 EDTTWTRActive equity options trading on open
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08:34 EDTVMWVMware and Jasper announce collaboration to streamline enterprise adoption
VMware and Jasper announced a collaboration to make it easy for enterprises to deploy, monitor, manage and secure connected devices across the Internet of Things and enterprise mobility management. The collaboration between VMware and Jasper will aim to give organizations broader control and visibility over their connected devices in the enterprise, and enables them to make smarter, real-time operational decisions. The collaborations are set to be available in 2015.
06:27 EDTDLTRDollar Tree accumulates $866,000 in fines in last year, WSJ reports
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