New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 25, 2014
12:35 EDTAWAY, EXPE, PCLNAnalyst downplays near-term threat to HomeAway from AirBnB
AirBnB, which connects travelers with non-traditional lodging options, does not pose a near-term threat to either HomeAway (AWAY) or online travel agencies, FBR Capital contended in a note to investors earlier. WHAT'S NEW: After media outlets reported that AirBnB was seeking to raise $400M-$500M at a company valuation of $10B, some are concerned about whether the company will hurt HomeAway or online travel agents, FBR Capital analyst Jake Fuller wrote. AirBnB - which matches travelers with spare apartments and rooms, as well as more exotic lodging options - operates in different markets than HomeAway, Fuller explained. AirBnB focuses primarily on urban locations, while HomeAway concentrates on enabling travelers to stay at peoples' second homes in vacation locations, the analyst wrote. Meanwhile, AirBnB is probably increasing the number of travelers who utilize traditional lodging options offered by the online travel agencies, the analyst stated. While that could change in the future as AirBnB looks to enhance the appeal of shared accommodations, the company does not threaten Expedia (EXPE) and (PCLN) in the near-term, according to Fuller. He kept a Market Perform rating on HomeAway and Outperform ratings on Expedia and Priceline. PRICE ACTION: In early afternoon trading, HomeAway fell 2.5% to $38.54, Expedia slid 0.9% to $71.65, and lost about 1% to trade near $1,214.
News For AWAY;PCLN;EXPE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 20, 2015
07:10 EDTEXPE, AWAYExpedia outlook has improved, says Oppenheimer
Subscribe for More Information
November 19, 2015
13:24 EDTPCLN, EXPEExpedia CEO says shut out of TripAdvisor Instant Booking for now, Skift says
Subscribe for More Information
November 17, 2015
16:33 EDTPCLNPriceline appoints Christa Quarles CEO of OpenTable
Subscribe for More Information
12:11 EDTEXPEExpedia management to meet with Guggenheim
Meeting to be held in FT. Lauderdale on November 18 hosted by Guggenheim.
06:57 EDTEXPEExpedia enters strategic technology partnership with SilverRail Technologies
SilverRail Technologies and Expedia announced a strategic technology partnership to power Expedia's global expansion in the rail business. SilverRail's global rail ticketing platform simplifies the process of accessing multiple rail companies through a standard interface. This will enable Expedia to deliver a simple, consistent search and booking experience to which their customers have become accustomed. Development has already begun, with platform launch expected in 2016.
November 16, 2015
17:16 EDTAWAYEminence Capital reports 7.3% passive stake in HomeAway
10:07 EDTEXPEExpedia shares defended at Cowen
Subscribe for More Information
09:37 EDTEXPEActive equity options trading on open
Active equity options trading on open: AAPL FB ORCL BAC SUNE FDX FCX EXPE NFLX MU AMZN INTC TSLA
November 13, 2015
16:40 EDTPCLNAppaloosa gives quarterly update on stakes
Subscribe for More Information
16:26 EDTPCLNStocks end week lower as retail gets routed
Stocks ended the week sharply lower after weak retail earnings reports, highlighted by Macy's (M), were followed by a worse than expected government report on retail sales performance in October. MACRO NEWS: In the U.S., retail sales rose 0.1% in the month of October, versus expectations for an increase of 0.3%. When autos and gas are removed, the core reading was up 0.3%, versus expectations for a rise of 0.4%. Producer prices fell 0.4%, versus expectations for them to be up 0.2%. When food and energy are removed, the core reading was down 0.3%, versus expectations for it to be up 0.1%. Business inventories grew 0.3% in September while sales were flat compared to August. Consumer sentiment, as measured by the preliminary print from the University of Michigan survey, improved 3.1 points to 93.1 in November, which was better than the 91.5 reading that was expected. In Europe, data showed that eurozone's economy grew by just 0.3% in the third quarter, which was a slowdown from the 0.4% GDP growth recorded three months earlier and weaker than the 0.4% consensus growth forecast. In China, exports declined for a fourth straight month in October, sliding 3.6%, while imports fell for a 12th straight month, declining 16% in yuan terms. China's foreign-exchange reserves rose in October for the first time in six months, increasing to $3.53T from $3.51T at the end of September, the People's Bank of China reported. Industrial output in China rose 5.6% in October, matching March's reading as the weakest since 2008. Retail sales climbed 11% last month, beating expectations. COMPANY NEWS: Shares of retailers broadly declined following disappointing earnings reports and commentary from a number of department store operators, including Macy's, Nordstrom (JWN) and J.C. Penney (JCP). Weather was cited by a number of them, and analysts also pointed to the continued rise in competition felt by brick-and-mortar retailers from e-commerce players, mainly (AMZN)... Among earnings reporters outside of the retail sector, Viacom (VIAB) and Rackspace (RAX) rose immediately following their reports, while Cisco (CSCO), Priceline (PCLN), Hertz (HTZ), and Advance Auto Parts (AAP) fell right after their own... During the company's investor meeting, McDonald's (MCD) raised its global refranchising target to 4,000 restaurants through 2018 with a new long-term goal to become 95% franchised, announced plans to increase its dividend by 5% and said that after "robust" debate it had decided to not pursue a REIT spin-off transaction for its real estate holdings... Anheuser-Busch InBev (BUD) and SABMiller (SBMRY) came to terms on a deal to combine the companies in a transaction worth $107B. In relation to their deal, Molson Coors (TAP) agreed to purchase SABMiller's 58% stake in MillerCoors, the joint venture formed in the United States in 2008, in a deal valued at $12B. Molson Coors was the biggest winner in terms of percentage stock gains immediately following the announcements, rising over 4% on Wednesday... Mylan (MYL) jumped after the company's offer to acquire Perrigo (PRGO) failed, ending a seven-month fight between the two drugmakers. Perrigo Chief Executive Officer Joseph Papa said he was "delighted" that his company's shareholders rejected the offer and the company added that it will immediately commence its previously announced $2B share buyback program, but its shares slid in the wake of the shareholder vote... PayPal (PYPL) shares saw three straight days of losses after the Wall Street Journal reported that Apple (AAPL) is working on a mobile payments service that could compete with the firm's Venmo platform... Angie's List (ANGI) advanced after IAC/InterActiveCorp (IACI), the parent company of HomeAdvisor, made public a $8.75 per share cash buyout offer. Yelp (YELP), which also connects people with local businesses via its web-based and mobile services, also rose following the revelation of the takeout bid for Angie's List... Alibaba Group (BABA) reported blockbuster sales for the 11.11 shopping festival, better known as "Singles' Day." By the end of Wednesday in China, gross merchandise volume on Alibaba's platforms hit $14.3B, far exceeding last year's 24-hour total of $9.3B and topping the company's $11B forecast. INDEXES: The Dow lost about 3.7% to close at 17,245.24, the S&P 500 fell about 4.25% to close at 2,023.04, and the Nasdaq declined about 3.6% to close at 4,927.88.
10:16 EDTPCLNOptions with decreasing implied volatility
Subscribe for More Information
November 12, 2015
08:11 EDTAWAY, EXPEExpedia outlook has improved, says Cantor
After meeting with Expedia's management, Cantor says it's more upbeat on the company's growth prospects, profitability and competitive positioning than previously. The firm is more bullish than ever on Expedia's opportunity to benefit from the HomeAway deal. Cantor reiterates a $150 price target and Buy rating on Expedia.
07:07 EDTEXPELiberty Interactive to spin off CommerceHub and Liberty Expedia Holdings
Liberty Interactive (QVCA, QVCB, LVNTA, LVNTB) announced that its board has authorized management to pursue the spin-offs of two newly formed companies to be called CommerceHub and Liberty Expedia Holdings to holders of its Liberty Ventures Group stock. CommerceHub, Inc. would be comprised of the CommerceHub business. Frank Poore, the founder of CommerceHub, will continue in his role as CEO. In the spin-off of CommerceHub, Inc., record holders of Series A and Series B Liberty Ventures common stock would receive shares of the corresponding series of CommerceHub, Inc. common stock for each share of Liberty Ventures common stock held. Expedia Holdings would be comprised of, among other things, Liberty Interactive's entire ownership interest in Expedia (EXPE), as well as Liberty Interactive's subsidiary, LLC. In the spin-off of Expedia Holdings, record holders of Series A and Series B Liberty Ventures common stock would receive shares of the corresponding series of Expedia Holdings common stock for each share of the Liberty Ventures Group common stock held. Liberty Interactive expects that the Expedia Holdings Series A and Series B common stock will trade under the symbols LEXEA/B, respectively, and that the CommerceHub, Inc. Series A and Series B common stock will trade under the symbols CHUBA/B, respectively, in each case, on the Nasdaq Stock Market. The applicable record dates, distribution dates and distribution ratios for the Spin-Offs will be announced at a later date. Each of the Spin-Offs is intended to be tax-free to stockholders of Liberty Ventures and will be subject to various conditions including the receipt of an opinion of tax counsel. Subject to the satisfaction of the applicable conditions, the completion of each of the Spin-Offs is expected to occur in the first half of 2016.
November 11, 2015
07:55 EDTPCLNRBC Capital to hold a conference
Subscribe for More Information
November 10, 2015
10:34 EDTAWAYOptions with decreasing implied volatility
Options with decreasing implied volatility: ZSPH UBNT AWAY KATE SGMS ZG LL ANET DATA RAX
08:58 EDTPCLNPriceline guidance probably conservative, says JMP Securities
Subscribe for More Information
08:34 EDTPCLNPriceline has reached attractive entry point, says Oppenheimer
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use