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Stock Market & Financial Investment News

News Breaks
January 23, 2014
09:33 EDTDANG, SOHU, QUNR, BIDU, CTRP, YOKU, SINAChina stocks drop after SEC accuses auditors of withholding documents
Shares of China Internet stocks are declining after the SEC accused auditors in the country of withholding documents. Selling off this morning at Baidu (BIDU), SINA (SINA), Ctrip.com (CTRP), Qunar (QUNR), Youku Tudou (YOKU), Sohu.com (SOHU) and Dangdang (DANG). Reference Link
News For BIDU;SINA;CTRP;QUNR;YOKU;SOHU;DANG From The Last 14 Days
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May 15, 2015
09:53 EDTYOKUGeoInvesting says short Youku Tudou for a trade
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07:02 EDTYOKUYouku Tudou volatility elevated into Q1 and outlook
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05:50 EDTYOKUStocks with implied volatility movement; YOKU RIG
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May 14, 2015
16:33 EDTSINASINA reports Q1 EPS (4c), consensus (1c)
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15:16 EDTSINASINA technical comments ahead of earnings
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15:01 EDTSINANotable companies reporting after market close
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13:28 EDTYOKUIncreasing equity options volume
Increasing equity options volume: FCX UPS KSS CHK CSCO AVP YOKU CALM KORS
12:49 EDTCTRPOn The Fly: Top stock stories at midday
The market opened higher amid lower than expected weekly jobless claims, data showing that producer prices fell rather than rose in April and a continued slide in the dollar against the euro. The Dow notched triple digit gains right out of the gate and the averages have moved in a narrow range in morning trading, albeit at near-record levels. ECONOMIC EVENTS: In the U.S., initial jobless claims fell 1K to 264K in the week ended May 9, versus expectations for 273K first-time claims. The weekly data brought the four week moving average to 271.75K, which marks its lowest level in 15 years. The Producer Price Index fell 0.4% in April, with the core PPI reading sliding 0.2%, which missed expectations for both the headline and core PPI figures to have grown 0.1%. After dropping 1.3% yesterday against the euro, the U.S. dollar slid another 0.4% earlier to about $1.14 per euro, bringing its decline to about 7% versus the euro in the past month. COMPANY NEWS: Shares of Avon Products (AVP) were volatile after "PTG Capital Partners" announced via a filing with the SEC that it has submitted an offer to the board of Avon proposing to acquire all of the company's outstanding stock, and outstanding options to acquire such shares, in a recommended cash tender offer at a price per share of $18.75. Shares of Avon spiked initially after the filing, were halted several times due to volatile trading, and came well off their earlier highs as investors questioned the validity of the firm making the purported offer. A source told Dow Jones that the company was treating the purported bid as a hoax and Avon told CNBC that it had no proof PTG exists and that it has not received any offer. Still, Avon remained up about 4% to trade near $6.92 per share in early afternoon trading. MAJOR MOVERS: Among the notable gainers was Russia's QIWI (QIWI), which jumped 12% after the company announced that it has entered into an agreement with Otkritie to acquire the Contact money transfer system and the Rapida payment processing system, which are "highly value accretive" acquisitions according to analysts at JPMorgan. Also higher was China's Ctrip.com (CTRP), which gained 10% and was upgraded at Stifel and Oppenheimer following the company's Q1 results. Among the noteworthy losers was Puma Biotechnology (PBYI), which dropped 18% after data on the company's neratinib drug was disclosed via an abstract for the company's upcoming presentation at the American Society of Clinical Oncology, or ASCO, meeting. Also lower following its earnings report was retailer Kohl's (KSS), which slid over 12%. INDEXES: Near midday, the Dow was up 170.23, or 0.94%, to 18,230.72, the Nasdaq was up 55.96, or 1.12%, to 5,037.65, and the S&P 500 was up 17.10, or 0.81%, to 2,115.58.
10:35 EDTCTRPCtrip.com hits fresh life high after results
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10:00 EDTCTRPOn The Fly: Analyst Upgrade Summary
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09:22 EDTCTRPOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Perry Ellis (PERY), up 11.5%... Ctrip.com (CTRP), up 13.4%. ALSO HIGHER: AcelRx (ACRX), up 10.3% after being awarded contract worth up to $17M from Defense Dept to advance ARX-04... Oncothyreon (ONTY), up 16.9% after ASCO presentation data released... CYREN (CYRN), up 14.6% after announcing agreement with Dell.... Discovery Laboratories (DSCO), up 5.2% after Aerosurf shows positive Phase 2a data... Kate Spade (KATE), up 3.9% after being initiated with an Outperform at Wedbush. DOWN AFTER EARNINGS: Digital Ally (DGLY), down 16.4%... Kohl's (KSS), down 10.2%... VOXX (VOXX), down 8.1%... Cosi (COSI), down 7.3%. ALSO LOWER: Biotechnology (PBYI), down 15.1%% after Neratinib data published in ASCO abstract... Gevo (GEVO), down 10.7% after 4.3M share Spot Secondary priced at $4.00.
07:45 EDTCTRPCtrip.com price target raised to $96 from $70 at Brean Capital
Brean Capital raised its price target on Ctrip.com to $96 from $70. The firm believes the stock offers investors exposure to China's robust online travel growth and sees future product and service expansions. Brean Capital reiterated its Buy rating on Ctrip.com shares and said it views the stock as a core holding in the China Internet space.
07:03 EDTCTRPCtrip.com upgraded to Buy from Hold at Stifel
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06:35 EDTCTRPCtrip.com upgraded to Outperform from Perform at Oppenheimer
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06:06 EDTCTRPStocks with implied volatility above IV index mean; ALTR CTRP
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May 13, 2015
18:03 EDTCTRPCtrip.com sees Q2 net revenue growth approximately 45%-50%, consensus $395.13M
18:01 EDTCTRPCtrip.com reports Q1 adjusted EPS 4c, may not compare to consensus (27c)
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15:04 EDTCTRPNotable companies reporting after market close
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12:27 EDTSOHUFollow-up: Sohu.com downgraded to Neutral on valuation at JPMorgan
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12:12 EDTSOHUSohu.com downgraded to Neutral from Overweight at JPMorgan
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