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Stock Market & Financial Investment News

News Breaks
June 19, 2014
16:36 EDTETE, PIR, TRGP, BBRY, NGLS, CMGEOn The Fly: Closing Wrap
Stocks on Wall Street finished the day mixed after moving in a narrow range for the entire session. There were several passes back and forth across the flat line throughout the day as the market consolidated its gains from yesterday. Investors seemed content to sit on the sidelines ahead of what could be a volatile session tomorrow in what is called "quadruple witching," when various stock index futures, stock index options, stock options, and single stock futures expire. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 6K to 312K last week, which was nearly in-line with expectations. The Philly Fed manufacturing index rose 2.4 points to 17.8 in June, which was better than expected. The leading economic indicator index for May rose 0.5%, which was slightly below the consensus forecast for it to have grown 0.6%. COMPANY NEWS: Shares of BlackBerry (BBRY) climbed 80c, or 9.65%, to $9.09 after the company reported losses that weren't as steep as expected for the first quarter and said that it had recognized revenue on more handsets in Q1 than in the previous quarter. Moreover, it said that it was close to reaching the breakeven point on hardware sales and that it expects to be profitable "sometime in fiscal 2016." MAJOR MOVERS: Among the notable gainers was Targa Resources (TRGP), which surged $25.57, or 20.45%, to $150.62, and its operating unit Targa Resources Partners (NGLS), which gained $12.29, or 17.74%, to $81.55, after Bloomberg reported late in the day that both could potentially be acquired shortly by Energy Transfer Equity (ETE). Energy Transfer Equity closed the session down fractionally but was up more than 5% in after-hours trading following Bloomberg's report. Among the noteworthy losers was home furnishings retailer Pier 1 Imports (PIR), which dropped $2.40, or 13.14%, to $15.86 after the company's first quarter results missed analysts' consensus estimates and it cut its fiscal 2015 earnings per share outlook. Also lower were shares of China Mobile Games (CMGE), which fell $4.25, or 22.47%, to $14.65 before eventually being halted by Nasdaq after the company reportedly removed a total of nine executives, according to a Chinese-language report quoted by Bloomberg. INDEXES: The Dow was up 14.84, or 0.09%, to 16,921.46, the Nasdaq was up 3.51, or 0.08%, to 4,359.33, and the S&P 500 was up 2.50, or 0.13%, to 1,959.48.
News For BBRY;PIR;CMGE;TRGP;ETE;NGLS From The Last 14 Days
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March 23, 2015
08:17 EDTBBRYBlackBerry volatility elevated into Q4 and outlook
Blackberry March weekly call option implied volatility is at 115, April is at 70, May is at 58, June is at 55; compared to its 26-week average of 54 according to Track Data, suggesting large price movement into the expected release of Q4 results on March 27.
06:43 EDTNGLSTarga Resources Partners upgraded to Buy from Hold at Jefferies
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06:04 EDTBBRYStocks with implied volatility above IV index mean; ZIOP BBRY
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March 20, 2015
16:22 EDTPIRGlenhill Advisors reports 5.2% passive stake in Pier 1 Imports
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10:00 EDTPIROn The Fly: Analyst Upgrade Summary
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09:24 EDTPIROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Ctrip.com (CTRP), up 20.1%... Rally Software (RALY), up 17.3%... Nike (NKE), up 5.2%... Darden Restaurants (DRI), up 4.3%... Cheetah Mobile (CMCM), up 3.6%. ALSO HIGHER: Prothena (PRTA), up 40.2% after reporting positive results from Phase 1 study of PRX002... Viggle (VGGL), up 26.9% after confirming receipt of offer from chairman and CEO Robert Sillerman... Intercept Pharmaceuticals (ICPT), up 8.5% after announcing new data analyses from FLINT trial... Biogen Idec (BIIB), up 9.7% after presenting positive interim results from study of aducanumab... Pier 1 Imports (PIR), up 5.2% after being upgraded to Outperform from Perform at Oppenheimer... JinkoSolar (JKS), up 2.8% after announcing that it will supply 75 MWdc of its PV solar modules to Red Horse 2 project and following a strategic collaboration agreement with DuPont (DD). DuPont is up just under 1%. DOWN AFTER EARNINGS: AK Steel (AKS), down 6.8%... Youku Tudou (YOKU), down 4.9%... Tiffany (TIF), down 3.3%. ALSO LOWER: Macerich (MAC), down 7.7% after Simon makes $95.50 per share "best and final" offer.
06:04 EDTBBRYGlobal smartphone shipments to reach 1.4B units in 2015, DigiTimes Research says
Global smartphone shipments in 2015 is expected to increase 16.4% to reach 1.40B units, reports DigiTimes Research. The shipment growth is due to higher growth in demand in emerging markets including India, Southeast Asia and Latin America. Android (GOOG) will account for 78.5% of 2015 global smartphone shipments, Apple's (AAPL) iOS 16.6%, Microsoft (MSFT) Windows 4% and BlackBerry (BBRY) 0.6%.Reference Link
05:41 EDTPIRPier 1 Imports upgraded to Outperform from Perform at Oppenheimer
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March 19, 2015
07:22 EDTBBRYBlackBerry volatility elevated into Q4 and outlook
Blackberry March weekly call option implied volatility is at 85, April is at 66, May is at 58, June is at 54; compared to its 26-week average of 54 according to Track Data, suggesting large April price movement into the expected release of Q4 results on March 27.
05:57 EDTBBRYStocks with implied volatility above IV index mean; BBRY NFLX
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05:50 EDTBBRYMicrosoft, BlackBerry raises cooperation for software products, DigiTimes says
Microsoft and Blackberry have been increasing their cooperation with other companies to promote sales of software platforms and related services, reports DigiTimes. According to industry sources, the new eefforts come after their global smartphone market edge dropped 2.8% and 0.6%, respectively. Reference Link
March 18, 2015
08:04 EDTNGLSTarga Resources Partners resumed with a Market Perform at Wells Fargo
Price target range $41-$45.
08:04 EDTTRGPTarga Resources resumed with a Market Perform at Wells Fargo
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06:01 EDTBBRYStocks with implied volatility above IV index mean; BBRY NFLX
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March 17, 2015
10:45 EDTBBRYStocks with call strike movement; X BBRY
U.S. Steel (X) March 24 call option implied volatility increased 8% to 52, BlackBerry (BBRY) September 11 call option implied volatility decreased 2% to 50 according to IVolatility.
09:27 EDTBBRYApple plans to allow trade-ins of Android, BlackBerry devices, Bloomberg says
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05:58 EDTBBRYStocks with implied volatility above IV index mean;
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March 16, 2015
11:20 EDTBBRYStocks with call strike movement; MNKD BBRY
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08:01 EDTNGLS, TRGPTarga Resources added to Top Picks List at UBS
UBS added Targa Resources (TRGP) to its Top Picks List as they believe the combined models of it and Targa Resources Partners (NGLS) will provide new growth opportunities, but also increased commodity exposures. As a result, UBS maintains its Buy rating but lowers its price target to $118 from $127 on Targa Resources shares.
06:07 EDTBBRYStocks with implied volatility above IV index mean; BBRY CZR
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