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Stock Market & Financial Investment News

News Breaks
March 24, 2014
10:01 EDTUSB, STAA, AXLL, BSMX, BSX, EVER, VMW, SYMC, FBNC, FIBK, ACHN, ROST, YZC, UAL, SSYS, BBD, YELP, PTEN, LPL, WFCOn The Fly: Analyst Upgrade Summary
Axiall (AXLL) upgraded to Buy from Neutral at BofA/Merrill... Banco Bradesco (BBD) upgraded to Outperform from Neutral at Credit Suisse... First Bancorp (FBNC) upgraded to Outperform from Market Perform at Raymond James... STAAR Surgical (STAA) upgraded to Outperform from Market Perform at William Blair... Stratasys (SSYS) upgraded to Overweight from Neutral at JPMorgan... Symantec (SYMC) upgraded to Outperform from Market Perform at BMO Capital... U.S. Bancorp (USB) upgraded to Neutral from Underweight at Atlantic Equities... United Continental (UAL) upgraded to Outperform from Market Perform at Raymond James... VMware (VMW) upgraded to Buy from Neutral at Sterne Agee... Wells Fargo (WFC) upgraded to Neutral from Underweight at Atlantic Equities... Yanzhou Coal (YZC) upgraded to Neutral from Underperform at Credit Suisse... EverBank Financial (EVER) upgraded at Sterne Agee... LG Display (LPL) upgraded to Buy from Neutral at Nomura... Ross Stores (ROST) upgraded at RBC Capital... Boston Scientific (BSX) upgraded at Bernstein... Achillion (ACHN) upgraded to Buy from Hold at Maxim... Patterson-UTI Energy (PTEN) upgraded to Overweight from Equal Weight at Stephens... Santander Mexico (BSMX) upgraded to Buy from Neutral at UBS... Yelp (YELP) upgraded to Outperform from Market Perform at JMP Securities... First Interstate (FIBK) upgraded to Buy from Neutral at Sterne Agee.
News For AXLL;BBD;FBNC;STAA;SSYS;SYMC;USB;UAL;VMW;WFC;YZC;EVER;LPL;ROST;BSX;PTEN;ACHN;BSMX;YELP;FIBK From The Last 14 Days
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July 21, 2015
08:09 EDTYELPYelp ending efforts to find buyer a positive, says Brean Capital
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08:05 EDTVMWVMware July weekly volatility elevated into Q4 and outlook
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07:22 EDTBSXBoston Scientific should be bought on pullbacks, says RBC Capital
RBC Capital expects Boston Scientific to report slightly higher than expected Q2 EPS and in-line revenue. The firm expects the company's results to be boosted by strength in ICDs and OUS DES stents. RBC is confident that the company's EPS can grow by low teen percentage levels over the long-term and recommends buying the shares on pullbacks.
06:31 EDTBSMXSantander Mexico upgraded to Neutral from Sell at Goldman
06:07 EDTSYMCONUG: Yahoo hires VP of global network from Symantec
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July 20, 2015
17:01 EDTFIBKFirst Interstate reports Q2 EPS 49c, consensus 48c
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13:27 EDTUALUnited Continental 'congratulates' U.S., Cuba on reopening of emabssies
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13:03 EDTWFCFed proposes final rule on capital surcharges for largest U.S. banks
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10:43 EDTYELPZillow slides to 52-week low after Barclays cuts to sell
The shares of Zillow (Z) are falling after Barclays downgraded the stock to Underweight, the firm's equivalent of a "Sell" rating, citing increased competition in the "local" segment of the Internet market. Zillow's websites advertise homes that are up for sale. WHAT'S NEW: In a note to investors earlier today, Barclays analyst Christopher Merwin wrote that, heading into second quarter results, he does not recommend Internet stocks that have been "challenged" and have relatively "cheap" valuations. These valuations are only "cheap" based on consensus estimates that are probably too high, the analyst believes. Based on that criteria, he downgraded Zillow to Underweight from Equal Weight. He also used the same criteria to downgrade Yelp (YELP), whose website features user reviews of local businesses, to Equal Weight from Overweight. Both companies are facing an "atypical level" of competition, driven by a favorable venture capital funding environment, Merwin indicated. The competition has driven down the companies' multiples, he believes. WHAT'S NOTABLE: Merwin recommended that investors buy the shares of small and mid cap Internet companies whose estimates are just beginning to be revised upwards by analysts. He identified IAC (IACI), which owns several dating websites, as one stock in this category. IAC should benefit from increased monetization of its popular Tinder dating app and the stabilization of its core dating websites, the analyst contended. Also poised for further positive estimate revisions are video game makers Electronic Arts (EA) and Activision Blizzard (ATVI), Merwin believes. The companies' increased revenue from digital games should mitigate the risk they face from slowing software growth as sales of new consoles slow, the analyst believes. He noted that 50% of both companies' revenue are now generated from digital games and identified Electronic Arts and Activision Blizzard as two of his top ideas. PRICE ACTION: In morning trading, Zillow fell 5% to $79 after hitting a 52-week low of $76.82 earlier in the session. Meanwhile, Yelp slid 1.6% to $34.40, IAC fell fractionally to $83.83, Electronic Arts added about 1% to $74.15 and activision Blizzard rose 0.5% to $25.93.
10:00 EDTYELPOn The Fly: Analyst Downgrade Summary
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09:52 EDTYELPYelp August volatility elevated as shares trend lower
Yelp July weekly call option implied volatility is at 49, August is at 69; compared to its 52-week range of 38 to 81, suggesting large August price movement.
09:42 EDTYELPYelp hits a new 52-week low, levels to watch
Shares are down over 3.8% to $33.62 at time of writing. At that price next support is at $33.35, the new low, and then at $32.88. Resistance is at $34.62. Barclays downgraded the stock to Equal Weight and cut its price target to $36.
09:22 EDTYELPOn The Fly: Pre-market Movers
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09:08 EDTBSXBoston Scientific begins study of resorbable drug-eluting scaffold system
Boston Scientific has initiated a study of the company's first fully resorbable drug-eluting scaffold system. The Fully Absorbable Scaffold Feasibility Study, or FAST, is a prospective, single arm study designed to assess the safety and performance of this next generation scaffold for the treatment of atherosclerotic coronary lesions.
08:35 EDTROSTRoss Stores to open 27 new locations in July
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08:33 EDTFBNCFirst Bancorp resumed with a Buy at Sandler O'Neill
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08:19 EDTVMWSentiment towards VMware overly negative, says RBC Capital
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05:44 EDTYELPZillow Group downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Christopher Merwin downgraded Zillow Group (Z) to Underweight saying competition is increasing in local. Underweight is Barclays' equivalent to a sell rating. The real estate and rental marketplace owner closed Friday at $83.27. Merwin believes consensus growth estimates are likely too high heading into Zillow's Q2 results and cut his price target for the stock to $70 from $90. The analyst this morning also downgraded Yelp (YELP) to Equal Weight for similar reasons. His top U.S. Internet picks heading into Q2 earnings season are IAC (IACI), Activision Blizzard (ATVI) and Electronic Arts (EA). Merwin thinks Activision and Electronic Arts will receive more than half of their 2015 revenue from digital.
05:37 EDTYELPYelp downgraded to Equal Weight from Overweight at Barclays
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July 19, 2015
19:12 EDTUSB, WFCFederal Reserve proposes changes to 'stress test' regulations
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