New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 28, 2014
09:25 EDTRMAX, NFLX, ARIA, EXAS, SCTY, BBRY, CZR, AMZN, JAZZOn The Fly: Pre-market Movers
HIGHER: BlackBerry (BBRY), up 3% after adjusted quarterly losses not as steep as expected... Exact Sciences (EXAS), up 5% after FDA advisory panel recommends approval of Cologuard... RE/MAX (RMAX), up 8% after revenue tops expectations... SolarCity (SCTY), up 4.5% following upgrade at Raymond James... Ariad Pharmaceuticals (ARIA), up 6% after Daily Mail says rumors suggest that Jazz Pharmaceuticals (JAZZ) is willing to pay more than $20 per share to acquire Ariad. LOWER: Caesars Entertainment (CZR), down 7% after 7M share spot secondary offering priced at $19.75.. Netflix (NFLX), down 1% after Wall Street Journal says Amazon (AMZN) will offer a free streaming media service in the coming months. After the WSJ report, an Amazon spokeswoman told Variety that the company is often experimenting but has, "no plans to offer a free streaming-media service."
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 >>
September 25, 2015
07:02 EDTBBRYBlackBerry reports Q2 adjusted EPS (13c), consensus (9c)
Subscribe for More Information
06:13 EDTNFLXPiper's Munster sees building virtual reality momentum for Facebook
Piper Jaffray analyst Gene Munster says Facebook's (FB) virtual reality theme is building momentum after its Oculus unit announced a 50% price cut for its mobile VR solution headset to $99. Also announced was that the headset, named Gear VR, will work with five phones versus three in the past. A better virtual reality experience is now available to a larger market and the "critically important" content is growing, Munster tells investors in a research note. Oculus has partnerships with Netflix (NFLX), Hulu, Tivo (TIVO), Sega and Midway to bring their content into Gear VR, Munster points out. He expects Samsung to sell 5M-10M Oculus enabled Gear VR headsets next year, up from around 1M in 2015. Munster maintains an Overweight rating on Facebook with a $146 price target. The stock closed yesterday up 44c to $94.41.
September 24, 2015
20:04 EDTAMZN, NFLXFacebook virtual reality initiative picks up speed with $99 Samsung device
Thursday's Oculus Connect 2 event saw numerous announcements from Facebook (FB) virtual reality subsidiary Oculus VR, including content deals with major media players as well as a $99 VR headset developed in conjunction with Samsung (SSNLF). CONTENT OFFERINGS: The virtual reality firm will be partnering with Fox (FOX, FOXA) and Lionsgate (LGF) to bring more than 100 films to the Oculus Store at launch. Additionally, Netflix (NFLX), Amazon's (AMZN), TiVo (TIVO), and Hulu -- the joint venture of Disney (DIS), Fox, and Comcast's (CMCSA, CMCSK) NBCUniversal -- will be launching apps for the company's virtual reality products, bringing web TV and streaming content to early adopters of the new technology. MAINSTREAM DEVICE: Samsung joined with Oculus to reveal a new $99 "Gear VR" headset on Thursday. Standing in contrast to Oculus' own pricier devices, the Samsung headset will rely on the company's Galaxy line of smartphones to power its virtual reality experiences. Note that a major point of contention regarding the "blockbuster" potential -- or lack thereof -- of VR technology is whether consumers will be willing to pay upwards of $399 for the Oculus gadgets. Samsung's Gear VR tends more towards what Piper Jaffray analyst Gene Munster has called "medium immersion" devices, potentially allaying investor concern over adoption rates with its more attractive point of entry. PRICE ACTION: Facebook shares closed higher by 0.5% and continued to rise in after-hours trading, up another 0.2%.
16:14 EDTCZROn The Fly: Top stock stories for Thursday
Stock futures were weak in early pre-market trading and the negative bias was cemented when Dow member Caterpillar (CAT) announced restructuring actions, including plans to cut as many as 10,000 jobs, and slashed its revenue guidance for this fiscal year and next. For most of the day the sellers remained in control, pushing the market down more than 1.5% at one point. In the afternoon, though, the buyers came in and began to pick up perceived bargains, paring the market's losses. The averages closed well off their worst levels, but still in the red, ahead of a much-anticipated speech this evening from Fed Chair Janet Yellen. ECONOMIC EVENTS: In the U.S., there were 267,000 initial jobless claims last week, versus expectations for 272,000 first-time claims. Durable goods orders for August declined 2.0%, versus expectations for a drop of 2.3%. When transportation items were removed, the core reading was breakeven, versus expectations for a rise of 0.1%. The Chicago Fed National Activity Index had a reading of -0.41, versus expectations of +0.24. New home sales jumped 5.7% in August to a 552,000 rate, versus expectations for a rise of 1.6% to a 515,000 rate. In Asia, Japan's stock market reopened for the first time since Friday and the Nikkei suffered a nearly 3% decline as it caught up to other global markets. The slide came despite Japanese Prime Minister Shinzo Abe unveiling new economic targets, including a goal for a 20% increase in the target size of the Japanese economy to 600T yen, though he gave no timeframe for achieving this aspiration. Elsewhere, Norway and Taiwan both cut interest rates this morning. The Norges Bank lowered rates by 25 basis points to 0.75%, while Taiwan cut its benchmark by 12.5 basis points to 1.75% in the nation's first lowering of rates since 2009. COMPANY NEWS: Shares of Caterpillar fell $4.40, or 6.27%, to $65.80 after the heavy machinery maker announced plans for job cuts and lowered its revenue guidance for this year and next. Caterpillar said that it would lay off 4,000-5,000 of its employees between now and the end of 2016 and could lay off up to 10,000 employees by 2018. Caterpillar cut its fiscal year 2015 revenue forecast by $1B and said its sees its fiscal year 2016 revenue to be 5% below this year, adding that it expects revenue declines in all three large segments next year. Before the news was announced, research firm Axiom initiated coverage of Caterpillar with a Sell rating and $28 price target, projecting that the company's calendar 2016 earnings will fall well below the Street consensus view. Other mining and agriculture equipment makers were also weaker following the Dow member's announcement, with Joy Global (JOY) falling 1% and Deere (DE) dropping 2.5%. MAJOR MOVERS: Among the notable gainers was STERIS (STE), which advanced $5.05, or 8.02%, to $68.00 after the Federal Trade Commission was denied an injunction to stop the company's proposed merger with Synergy. Also higher was Diamond Foods (DMND), which gained $2.98, or 9.72%, to $33.65 after dealReporter said the company has held talks with strategic suitors as it explores a potential sale. Among the noteworthy losers was Sientra (SIEN), which crashed $10.88, or 52.87%, to $9.70 after a U.K. regulator suspended the CE certificate for all medical devices made by Silimed, the company's contracted manufacturer. Also lower was Caesars (CZR), which fell 6.6% to $7.51 after Bloomberg reported that the company has reached an impasse in talks with certain junior bondholders and creditors involved in the ongoing restructuring of its operating unit. INDEXES: The Dow fell 78.57, or 0.48%, to 16,201.32, the Nasdaq dropped 18.27, or 0.38%, to 4,734.48, and the S&P 500 lost 6.52, or 0.34%, to 1,932.24.
16:00 EDTNFLXOptions Update; September 24, 2015
Subscribe for More Information
15:00 EDTBBRYNotable companies reporting before tomorrow's open
Subscribe for More Information
13:56 EDTBBRYBlackBerry September 7 weekly straddle priced for 7% movement into Q2
Subscribe for More Information
13:46 EDTNFLXNetflix says working on app with Facebook's Oculus
Anthony Park, VP of Engineering at Netflix said in a blog post, "We've been working with Oculus to develop a Netflix app for Samsung Gear VR. The app includes a Netflix Living Room, allowing members to get the Netflix experience from the comfort of a virtual couch, wherever they bring their Gear VR headset. It's available to Oculus users today." Reference Link
13:44 EDTNFLXOculus says bringing Netflix, Huly to GearVR, company says in tweet
Subscribe for More Information
13:06 EDTCZRCaesars and debtholders reach impasse in talks, Bloomberg says
Caesars and a committee of junior bondholders who are asking for approximately $2B more than the casino operator has offered have reached an impasse in talks, according to an earlier Bloomberg report. Caesars also has lost the support of another group of creditors who refuse to extend the deadline for a proposed deal to restructure the company's insolvent subsidiary, added Bloomberg. Shares of Caesars are almost 14% lower in afternoon trading. Reference Link
13:03 EDTAMZNEU investigates internet firms' online practices, Reuters reports
Subscribe for More Information
11:21 EDTAMZNJury says Pendrell patents not infringed on by Samsung, Google products
Pendrell announced earlier, that on September 23, a jury in the United States District Court for the Eastern District of Texas found that certain claims of five digital rights management patents asserted by Pendrell (PCO) subsidiary, ContentGuard Holdings, against Samsung Electronics (SSNLF) and Google (GOOG) are valid, but that Samsung products and Google products accused in the lawsuit do not infringe the asserted patents. ContentGuard is assessing the jury's findings and evaluating its options to challenge the verdict. ContentGuard's claims against Samsung and Google are part of a larger lawsuit filed by ContentGuard against several companies that have not paid for a license to use ContentGuard's patented digital rights management solutions, including Apple (AAPL), DirecTV, HTC, Huawei and Motorola Mobility. The jury verdict does not impact ContentGuard's August 2015 settlement and license agreement with (AMZN); nor does ContentGuard believe the jury verdict will impact or delay ContentGuard's upcoming November trial against Apple. Shares of Pendrell are down 35.34% in morning trading.
11:08 EDTCZROptions with increasing implied volatility
Options with increasing implied volatility: PTCT CZR KITE HZNP NAV CREE VRX PNK
10:58 EDTNFLXStocks with call strike movement; TWTR NFLX
Subscribe for More Information
10:01 EDTSCTYOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:32 EDTNFLXActive equity options trading on open
Subscribe for More Information
08:51 EDTAMZNCiti cuts Twitter estimates below consensus, drops target to $30
Citi analyst Mark May says his analysis indicates the consensus estimates for Twitter (TWTR) may be too high as they assume "meaningful increases" in monetization which he believes may prove difficult to realize. May cut his 2015, 2016 and 2017 earnings per share estimates for Twitter to 30c, 34c and 58c, respectively, well below the consensus estimates of 34c, 63c, and $1.03. He also cut his 2016 revenue estimate to 3% below the consensus. It will be difficult for the stock to achieve sustained multiple expansion until user growth accelerates and/or revenue growth stabilizes, May tells investors in a research note. He moved the stock to Citi's "High Risk" designation given Twitter's recent user trends and his belief that his estimates are unlikely to move up in the near-term. He keeps a Neutral rating on the name. May's top picks among U.S. Internet stocks remain Facebook (FB), (AMZN) and eBay (EBAY).
06:59 EDTAMZNFacebook and Google more 'Yelp-like' than ever, says Northland
Northland analyst Darren Aftahi says Facebook (FB), Google (GOOG, GOOGL) and (AMZN) have recently added new features that focus on improved local search as well as tools enabling easier business-consumer communication. Facebook and Google are now more "Yelp-like" than ever, Aftahi tells investors in a research note. And while Apple's (AAPL) new "swipe right" feature could drive a near-term surge in Yelp (YELP) app downloads, it may translate into lower engagement on the Yelp app over longer term, the analyst argues. He remains cautious on Yelp's growth prospects and cut his price target for the stock to $17.75 from $21.50. Shares of the local business review site closed yesterday down 25c to $23.10. Aftahi has an Underperform rating on the stock, his firm's equivalent of a sell.
06:14 EDTSCTYSolarCity initiated with a Buy at Stifel
Target $64.
05:11 EDTBBRYStocks with implied volatility above IV index mean; PNK BBRY
Stocks with implied volatility above IV index mean; Pinnacle Entertainment (PNK) 46, BlackBerry (BBRY) 54 according to iVolatility.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 >>

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