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Stock Market & Financial Investment News

News Breaks
February 25, 2013
16:41 EDTAFFY, BKS, ELN, ESI, ZNGAOn The Fly: Closing Wrap
Stocks on Wall Street were lower as concerns over the outcome of Italy's election put the averages under pressure through the trading day. After opening higher, the averages moved lower throughout the session, closing at the day's worst levels... ECONOMIC EVENTS: In the U.S., the Chicago Fed national activity index dropped to -0.32 in January, indicating that economic activity in the month was below average trends. Also, the Dallas Fed's manufacturing index dropped back to 2.2 in February from 5.5 in the prior month. In Europe, Italy's markets were volatile as polls indicated that formerly ousted prime minister Silvio Berlusconi is faring better than expected in the nation's general election. In China, HSBC's flash PMI manufacturing index fell to 50.4 in February from 52.3 in January... COMPANY NEWS: Barnes & Noble (BKS) gained $1.55, or 11.47%, to $15.06 after the company’s founder, largest stockholder and Chairman of the Board Leonard Riggio said he plans to propose to purchase all of the company's retail assets, excluding its NOOK e-reader business. The company publicly acknowledged the plan for an offer and said it will set up a committee to evaluate its best course of action... MAJOR MOVERS: Among the notable gainers was Zynga (ZNGA), up another 25c, or 7.84%, to $3.44, following Nevada's passage late last week of a bill legalizing online gambling in the state. Also higher were shares of Elan (ELN), up 54c, or 5.09%, to $11.14 after getting an $11 per share takeover offer from Royalty Pharma. Among the noteworthy losers was Affymax (AFFY), down $14.08, or 85.23%, to $2.44 after the company initiated a safety recall for its anemia drug Omontys and the stock was downgraded by at least four analyst firms. Also lower were shares of ITT Educational (ESI), down $3.10, or 16.64%, to $15.53 after the company disclosed in a regulatory filing late Friday that it is being investigated by the SEC. INDICES: The Dow was down 216.40, or 1.55%, to 13,784.17; the Nasdaq was down 45.57, or 1.44%, to 3,116.25; and the S&P 500 was down 27.75, or 1.83%, to 1,487.85.
News For BKS;ZNGA;ELN;AFFY;ESI From The Last 14 Days
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November 11, 2014
10:00 EDTZNGAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcentra Capital (ABDC) upgraded to Outperform from Market Perform at Keefe Bruyette... Ambac Financial (AMBC) upgraded to Neutral from Sell at MKM Partners... Banco Bilbao (BBVA) upgraded to Buy from Reduce at Nomura... Darden (DRI) upgraded at KeyBanc... ICU Medical (ICUI) upgraded to Overweight from Neutral at Piper Jaffray... IMAX (IMAX) upgraded to Buy from Neutral at Goldman... Juniper (JNPR) upgraded to Buy from Neutral at Nomura... Michaels (MIK) upgraded to Overweight from Equal Weight at Morgan Stanley... Midcoast Energy (MEP) upgraded to Outperform from Neutral at Credit Suisse... Midstates Petroleum (MPO) upgraded to Outperform from Market Perform at Northland... Monroe Capital (MRCC) upgraded to Outperform from Neutral at RW Baird... NuVasive (NUVA) upgraded to Outperform from Market Perform at Cowen... ONEOK Partners (OKS) upgraded to Outperform from Neutral at Credit Suisse... ORBCOMM (ORBC) upgraded to Overweight from Equal Weight at First Analysis... Pattern Energy (PEGI) upgraded to Outperform from Neutral at Macquarie... Targa Resources Partners (NGLS) upgraded to Outperform from Neutral at Credit Suisse... Time Warner (TWX) upgraded to Conviction Buy from Neutral at Goldman... Tremor Video (TRMR) upgraded to Buy from Hold at Jefferies... Western Gas Partners (WES) upgraded to Outperform from Neutral at Credit Suisse... Yamana Gold (AUY) upgraded to Overweight from Neutral at HSBC... Zynga (ZNGA) upgraded to Buy from Hold at Jefferies.
09:17 EDTZNGAOn 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.
07:36 EDTZNGAZynga upgraded on mobile business growth at Jefferies
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05:49 EDTZNGAZynga upgraded to Buy from Hold at Jefferies
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November 7, 2014
10:00 EDTZNGAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Overweight from Equalweight at Capital One... CA Technologies (CA) upgraded at Evercore ISI... CGG SA (CGG) upgraded to Hold from Sell at Canaccord... Cavium (CAVM) upgraded to Strong Buy from Outperform at Raymond James... Charter (CHTR) upgraded to Outperform from Market Perform at Raymond James... Chesapeake (CHK) upgraded to Overweight from Equal Weight at Johnson Rice... Container Store (TCS) upgraded at BofA/Merrill... Delhaize (DEG) upgraded to Neutral from Underperform at BofA/Merrill... Devon Energy (DVN) upgraded to Accumulate from Hold at Tudor Pickering... Dynegy (DYN) upgraded to Accumulate from Hold at Tudor Pickering... EOG Resources (EOG) upgraded to Buy from Accumulate at Tudor Pickering... Envestnet (ENV) upgraded at Raymond James... GNC Holdings (GNC) upgraded to Buy from Neutral at Goldman... Hospira (HSP) upgraded at Raymond James... Kinross Gold (KGC) upgraded to Buy from Neutral at UBS... Kosmos (KOS) upgraded at RBC Capital... Nationstar (NSM) upgraded to Market Perform from Underperform at Wells Fargo... Northern Oil and Gas (NOG) upgraded at Raymond James... Perrigo (PRGO) upgraded to Overweight from Equal Weight at Morgan Stanley... PetSmart (PETM) upgraded to Hold from Sell at Deutsche Bank... Plains GP Holdings (PAGP) upgraded at Credit Suisse... Rosetta Resources (ROSE) upgraded to Accumulate from Hold at Tudor Pickering... Splunk (SPLK) upgraded to Buy from Hold at Evercore ISI... Sunoco Logistics (SXL) upgraded to Buy from Neutral at UBS... Target (TGT) upgraded to Buy from Neutral at Cleveland Research... Walker & Dunlop (WD) upgraded to Outperform from Market Perform at Wells Fargo... XO Group (XOXO) upgraded to Buy from Neutral at B. Riley... Zynga (ZNGA) upgraded to Buy from Hold at Needham.
09:36 EDTZNGAActive equity options trading
Active equity options trading according to Track Data: AAPL WFM ABX GILD TSLA ZNGA FB FSLR GOOG AMZN
09:16 EDTZNGAOn The Fly: Pre-market Movers
HIGHER: Sears (SHLD), up 22.5% after reporting Q3 same-store sales were flat with prior year, saying company is actively exploring a REIT transaction involving 200-300 owned properties through a rights offering... Gap (GPS), up 2.9% after reporting October same-store sales fell 3%, giving Q3 EPS guidance that beat estimates... Zynga (ZNGA), up 9%, upgraded at Needham following the company's Q3 earnings report... King Digital (KING), up 8.6% after Q3 results top expectations, company announces $150M share repurchase program... ChannelAdvisor (ECOM), up 30% after earnings, guidance, announcing acquisition of U.K. based E-Tale Holdings... Rockwell Medical (RMTI), up 25% after FDA committee recommends Triferic to treat iron loss in certain patients with chronic kidney disease... Repros Therapeutics (RPRX), up 23% following meeting with FDA regarding Androxal NDA filing. LOWER: Salix (SLXP), down 35%, downgraded at Mizuho, Stifel and William Blair after the company reported worse than expected Q3 earnings, gave lower than expected guidance and announced its CFO had resigned... Intercept (ICPT), down 19% after FLINT trial results published... CTI BioPharma (CTIC), down 20% after filing convertible preferred stock offering... Transocean (RIG), down 5% after delaying its Q3 earnings release and conference call, stating the company expects Q3 to include a non-cash charge of $1.97B for impairment of goodwill... General Mills (GIS), down 4% after lowering FY15 outlook. DOWN AFTER EARNINGS: Abercrombie & Fitch (ANF), down 12.6%... Ubiquiti Networks (UBNT), down 17%... Arista Networks (ANET), down 10.5%... First Solar (FSLR), down 6%... Magnum Hunter (MHR), down 2%.
06:47 EDTZNGAZynga upgraded to Buy from Hold at Needham
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November 6, 2014
18:39 EDTZNGAOn The Fly: After Hours Movers
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18:13 EDTZNGAZynga reports Q3 Monthly Unique Users 77M vs. 97M a year ago
On a consecutive quarter basis, MUUs were down 13% from 89M in the second quarter.
18:12 EDTZNGAZynga reports Q3 Daily Active Users 26M vs. 30M a year ago
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16:14 EDTZNGAZynga up over 5% following Q3 results, guidance
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16:10 EDTZNGAZynga reports Q3 Monthly Active Users 112M vs. 133M a year ago
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16:09 EDTZNGAZynga sees FY14 adjusted EPS (2c)-0c, consensus (1c)
Sees FY14 revenue $668M-$698M, consensus $709.29M. Bookings are projected to be in the range of $695M- $725M.
16:07 EDTZNGAZynga sees Q4 adjusted EPS (1c)-1c, consensus 0c
Sees Q4 revenue $170M-$200M, consensus $200.19M. Bookings are projected to be in the range of $183M-$213M.
16:06 EDTZNGAZynga delivers $175M in bookings and $2M in adjusted EBITDA in Q3
16:05 EDTZNGAZynga reports Q3 adjusted EPS (1c), consensus (1c)
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15:27 EDTZNGANotable companies reporting after market close
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14:11 EDTESIFor-profit universities sue over gainful employment rule, The Hill says
As expected, for-profit colleges have sued the Obama adminstration over its new gainful employment rule, according to The Hill. The Association of Private Sector Colleges and Universities filed the lawsuit today, and alleged the rule and "the impact it will have on student access and opportunity is unacceptable and in violation of federal law," The Hill reported.. Publicly traded companies in the space include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon (LOPE), ITT Educational (ESI) and Strayer (STRA).Reference Link
09:08 EDTZNGAZynga November weekly volatility elevated into Q3 and outlook
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