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Stock Market & Financial Investment News

News Breaks
February 19, 2014
10:56 EDTFOSL, AVP, WTW, AFSI, ANGIOptions with decreasing implied volatility: AVP ANGI WTW FOSL AFSI
News For AVP;ANGI;WTW;FOSL;AFSI From The Last 14 Days
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April 15, 2015
09:13 EDTANGIAngie's List up 14.8% after announcing CEO departure, FY15 guidance
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09:13 EDTANGIAngie's List backs FY15 revenue guidance of $357M-$363M, consensus $360M
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08:46 EDTANGIAngie's List announces planned departure of CEO William Oesterle
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05:48 EDTAVPStocks with implied volatility movement; WUBA AVP
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April 14, 2015
16:53 EDTAVPOn The Fly: Top stock stories for Tuesday
Stocks on Wall Street were mixed for the day, beginning the session in positive territory helped by better than expected earnings reports from JPMorgan (JPM), Johnson & Johnson (JNJ), and Wells Fargo (WFC). The early economic data was slightly below Wall Street expectations and became a headwind for the market. By the end of the first hour of trading the market had turned negative, and it spent the remainder of the day trading in mixed fashion. ECONOMIC EVENTS: In the U.S., retail purchases for March advanced 0.9%, bouncing up from a 0.5% decline in February. However, economists had predicted a 1.1% growth after improvements on last month's weather. The producer price index grew 0.2% for March, in line with consensus estimates. Core PPI grew 0.2% versus expectations of 0.1% growth. The International Monetary Fund's World Economic Outlook Report trimmed U.S. growth forecast to 3.1% from its previous outlook of 3.6%, while global forecast was left unchanged at 3.5%. COMPANY NEWS: Avon (AVP) surged 66c, or 8.24%, to $8.67 following a Wall Street Journal report that the company is exploring strategic alternatives, including potentially selling its North American business, though a Bloomberg report later in the day claimed the company is not conducting a formal sale process... Nokia (NOK) confirmed it is in "advanced discussions" to buy French telecom firm Alcatel-Lucent (ALU), prompting French President Francois Hollande to schedule meetings with leaders from both companies. Later in the day, the French government announced it supports the potential deal, with French Economy Minister Emmanuel Macron stating Nokia reassured officials by detailing "clear undertakings." Nokia fell 34c, or 4.1%, to $7.96 at the close, while Alcatel jumped 58c, or 13.33%, to $4.93. MAJOR MOVERS: Among the notable gainers was 58.com (WUBA), which rallied 33.52%, or $17.04, to $67.87 after the Financial Times reported the company has signed a memorandum of understanding to merge with rival classifieds service Ganji.com. Also higher was PartnerRe (PRE), which advanced 8.49% to $129.25 after EXOR proposed to acquire the company for $130.00 per share in cash, valuing PartnerRe at $6.4B. Following earnings, JPMorgan (JPM) advanced 1.56% to $63.04 after beating expectations, while Wells Fargo (WFC) fell 0.73% and Johnson & Johnson fell 0.03% after reducing its FY15 earnings guidance. Among the noteworthy losers was Arrowhead Research (ARWR), which tumbled 7.75% after Jefferies downgraded the stock to Hold and lowered its price target to $9 from $30. The firm said that while ARC-520 offers the potential for a Hepatitis B virus functional cure, it prefers to wait for multi-dosing data. Also lower was Norfolk Southern (NSC), which dropped 4.18% to $100.49 and was downgraded to Hold at TD Securities following first quarter guidance that fell below expectations. INDEXES: The Dow rose 59.66, or 0.33%, to 18,036.70, the Nasdaq lost 10.96, or 0.22%%, to 4,977.29, and the S&P 500 advanced 3.41, or 0.16%, to 2,095.84.
14:45 EDTAVPAvon said not to be conducting formal sale process, Bloomberg says
12:59 EDTAVPAvon Products reviewing strategic options, WSJ reports
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12:59 EDTAVPAvon Products volatility elevated into exploring strategic alternatives report
Avon Products overall option implied volatility of 59 compares to its 26-week average of 55 according to Track Data, suggesting large price movement into a WSJ reported the company is exploring strategic alternatives.
12:55 EDTAVPAvon Products resumes trading, shares up 74c to $8.75
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12:55 EDTAVPAvon Products halted for volatility after jumping on WSJ report
Shares of Avon Products halted for volatility after the Wall Street Journal reported the company is exploring strategic alternatives, including a possible sale of its North America business. The stock jumped 69c to $8.70.
12:52 EDTAVPAvon Products reviewing strategic alternatives, Dow Jones says
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10:50 EDTFOSLOptions with increasing implied volatility
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April 13, 2015
17:17 EDTAVPAvon Products postpones Investor Day to fall 2015
Avon Products announced that it has decided to postpone to Fall 2015 its Investor Day that the company was originally scheduled to host on May 13. The decision to postpone the meeting follows the recent appointment of James Scully as the company's CFO, to allow the company adequate time to prepare for a more robust discussion at the meeting. Further details, including webcast information, will be announced closer to the event. Avon will provide an update on its turnaround progress when it reports first-quarter 2015 financial results on April 30.
10:48 EDTFOSLOptions with increasing implied volatility
Options with increasing implied volatility: CLDN WETF EWH FOSL FXI TLM PRGO ATHN SYMC MAC
April 12, 2015
15:56 EDTAVPAvon investors could be rewarded in coming years, Barron's says
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April 9, 2015
10:13 EDTAVPHigh option volume stocks
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April 8, 2015
16:24 EDTFOSLFossil files to sell 120,475 shares of common stock for holders
10:01 EDTANGIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Almost Family (AFAM) downgraded to Neutral from Outperform at Baird... Angie's List (ANGI) downgraded to Neutral from Buy at B. Riley... Annaly Capital (NLY) downgraded to Underperform from Market Perform at FBR Capital... Apple (AAPL) downgraded to Hold from Buy at Societe Generale... Calamos (CLMS) downgraded to Underperform from Market Perform at Keefe Bruyette... Catamaran (CTRX) downgraded to Hold from Buy at Argus... Cinemark (CNK) downgraded to Neutral from Buy at Janney Capital... Crestwood Equity (CEQP) downgraded at BofA/Merrill... Cummins (CMI) downgraded to Neutral from Buy at Goldman... Kinder Morgan (KMI) downgraded to Buy from Conviction Buy at Goldman... L'Oreal (LRLCY) downgraded to Neutral from Outperform at Exane BNP Paribas... NextEra Energy Partners (NEP) downgraded to Neutral from Buy at Goldman... Regal Entertainment (RGC) downgraded to Neutral from Buy at Janney Capital... Trina Solar (TSL) downgraded at BofA/Merrill... WebMD (WBMD) downgraded to Sell from Neutral at Goldman... Yingli Green Energy (YGE) downgraded at BofA/Merrill... Zep Inc. (ZEP) downgraded to Sell from Buy at Wunderlich.
06:46 EDTANGIAngie's List downgraded to Neutral from Buy at B. Riley
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06:02 EDTANGIGoogle plans service to connect users with home-service providers, BuzzFeed says
Google (GOOG) is planning a service to connect users with plumbers, electricians, roofers and other home-service providers, BuzzFeed reported yesterday, citing sources close tot he company. The new service is expected to be announced at an advertising conference later this spring. Amazon (AMZN) last week launched its new Home Services site. Reference Link
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