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Stock Market & Financial Investment News

News Breaks
June 26, 2014
12:58 EDTICE, YHOO, BABA, NDAQAlibaba to seek listing on NYSE under symbol 'BABA'
Alibaba (BABA) will apply for listing of its ADSs on the New York Stock Exchange under the symbol “BABA.,” the company confirmed in a regulatory filing. The company selected IntercontinentalExchange's (ICE) New York Stock Exchange over the Nasdaq (NDAQ), the filing confirms. Yahoo (YHOO) and Softbank (SFTBF) continue to be significant shareholders in Alibaba.
News For BABA;ICE;NDAQ;YHOO From The Last 14 Days
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November 11, 2014
10:27 EDTYHOO, BABAAlibaba sets Singles' Day record, analysts start coverage with upbeat notes
Chinese e-commerce giant Alibaba (BABA) generated record sales during the Chinese Singles Day holiday and a number of research firms initiated coverage of the stock with upbeat notes. WHAT'S NEW: Alibaba announced that a record $8B of products had been sold on its website with a few hours left in the Chinese Singles' Day holiday. Many Chinese citizens buy gifts on e-commerce websites during the holiday. During last year's festival, $5.7B of products were purchased on Alibaba's websites. ANALYST INITIATIONS: Oppenheimer analyst Ella Ji initiated coverage of Alibaba with an Outperform rating in a note to investors last night. Alibaba's ecosystem will make it difficult for competitors to challenge it for a long time, Ji believes. The ecosystem also boosts Alibaba's revenue growth and margins, according to the analyst. The e-commerce giant's strong brand, along with its large and loyal customer base, help make it one of the best-positioned companies in the Chinese Internet space, contended the analyst. He predicted that its revenue and profits will grow at a compound annual growth rate of 34% and 32%, respectively, from fiscal 2014 to fiscal 2019. The analyst set a $133 price target on the shares. HSBC earlier today initiated coverage of Alibaba with an Overweight rating. WHAT'S NOTABLE: Needham yesterday afternoon raised its price target for Yahoo (YHOO) shares to $55, citing higher than previously expected trading values for Alibaba. The firm believes Yahoo shares are pricing in negative 6% EBITDA growth for the company, which it views as too pessimistic. Needham, which expects positive EBITDA growth for Yahoo, kept a Buy rating on the stock. PRICE ACTION: In early trading, Alibaba fell 2.6% to $116 per share. However, the stock has risen nearly 18% in the last five days.
10:00 EDTBABAOn The Fly: Analyst Initiation Summary
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09:55 EDTBABAAlibaba, Apple working out details on partnership in China, WSJ reports
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09:37 EDTBABAActive equity options trading
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09:17 EDTBABAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: FMSA Holdings (FMSA), up 4.7% following third quarter results. ALSO HIGHER: AVEO Pharmaceuticals (AVEO), up 7.6% after entering agreement with Ophthotech (OPHT) to license tivozanib... Ophthotech is 2.1% higher in pre-market trading... Galena Biopharma (GALE), up 3.6% after first patient dosed in NeuVax and Herceptin combination Phase 2 trial... Yamana Gold (AUY), up 3% after being upgraded to Overweight from Neutral at HSBC... Ambac Financial (AMBC), up 3.1% after being upgraded to Neutral from Sell at MKM Partners... China Finance (JRJC), up 12.4% after announcing a new partnership with Great Wall Securities... Zynga (ZNGA), up 5.7% after being upgraded on mobile business growth at Jefferies... Fiat Chrysler (FCAU), up 2.2% after being initiated with a Conviction Buy at Goldman. DOWN AFTER EARNINGS: Applied Optoelectronics (AAOI), down 10.7%... Ekso Bionics (EKSO), down 2.2%. ALSO LOWER: Alibaba Group (BABA), down 1.6% following comments made by vice chairman Joseph Tsai in an interview.
08:38 EDTYHOOYahoo price target raised to $55 from $48 at Needham (yesterday)
Needham yesterday afternoon raised its price target for Yahoo (YHOO) shares to $55 citing higher than previously expected trading values for Alibaba (BABA). The firm believes Yahoo shares are pricing in negative 6% EBITDA growth for the company, which it views as too pessimistic. Needham expects positive EBITDA growth for Yahoo and keeps a Buy rating on the stock.
08:34 EDTBABAAlibaba says generated $8B in GMV with hours left of 11.11 shopping festival
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08:15 EDTBABAAlibaba says willing to collaborate with PayPal in future, Bloomberg reports
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07:26 EDTBABAAlibaba initiated with an Overweight at HSBC
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06:38 EDTBABAAlibaba says Singles' Day sales set new record, Reuters reports
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06:36 EDTBABAAlibaba's Ma says Alipay will 'definitely' go public, Reuters reports
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November 10, 2014
17:40 EDTYHOO, BABAYahoo could go higher, Barron's says
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16:10 EDTBABAAlibaba initiated with an Outperform at Oppenheimer
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16:00 EDTBABA, YHOOOptions Update; November 10, 2014
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14:59 EDTBABAAlibaba volatility increases as shares at record high
Alibaba November weekly call option implied volatility is at 55, November is at 45, December is at 43, January is at 43; compared to its 6-week average of 42 according to Track Data, suggesting large near term price movement.
13:35 EDTBABAAlibaba generates $2B in GMV in first hour of 11/11 shopping festival
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11:39 EDTYHOOStocks with call strike movement; YHOO NEM
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09:35 EDTBABAActive equity options trading
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07:08 EDTICECredit Suisse to hold a conference
2014 Boston Financials 1:1 Conference to be held in Boston on November 10-11.
05:47 EDTBABAStocks with implied volatility movement; BABA GNW
Stocks with implied volatility movement; Alibaba (BABA) 42, Genworth (GNW) 65 according to iVolatility.
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