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Stock Market & Financial Investment News

News Breaks
May 30, 2014
12:39 EDTLGF, BLOX, BIG, SPLK, BNNY, NQOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after a report showed that consumer spending fell in April. There has been little for investors to get excited about, as the personal income and spending reports were mixed and the University of Michigan consumer confidence reading was generally in-line with expectations. Volume remains light and the news flow is slow, suggesting the market may drift into the close of the day, which also brings the week and the month to an end. ECONOMIC EVENTS: In the U.S., personal income rose 0.3% in April, matching expectations, while consumer spending fell 0.1%, versus an expected increase of 0.2%. The Chicago ISM index rose 2.5 points to 65.5 in May, which was much better than expected. The final University of Michigan consumer confidence reading for May came in at 81.9, which was up just 0.1 from the prior reading and a hair below the expected 82.5 figure. COMPANY NEWS: Shares of Infoblox (BLOX) plunged 40% after the company's outlook for the new quarter missed expectations, its CEO Robert Thomas said he will step down and the shares were downgraded by at least six Street research firms. MAJOR MOVERS: Among the notable gainers was closeout retailer Big Lots (BIG), which gained 12.5% after the company reported first quarter results that exceeded expectations and raised its guidance. Also higher was China's NQ Mobile (NQ), which provides mobile Internet services focused on security, privacy and productivity. The stock rose 17% after the company said it now expects its Q1 revenues to exceed the previously announced guidance range of $75M-$76M, noting it saw continued strength in its businesses and that its unaudited results will be released "as soon as practicable." Among the noteworthy losers following their earnings reports were data analysis software provider Splunk (SPLK), which fell 17%, film and television show maker Lions Gate Entertainment (LGF), which dropped 12%, and natural and organic food company Annie's (BNNY), which slid nearly 10%. INDEXES: Near midday, the Dow was down 31.99, or 0.19%, to 16,666.75, the Nasdaq was down 15.01, or 0.35%, to 4,232.93, and the S&P 500 was down 1.64, or 0.09%, to 1,918.39.
News For BLOX;NQ;SPLK;LGF;BNNY;BIG From The Last 14 Days
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July 31, 2015
10:02 EDTLGFOn The Fly: Analyst Initiation Summary
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07:15 EDTLGFLionsgate initiated with an Outperform at Macquarie
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July 30, 2015
10:32 EDTSPLKOptions with increasing implied volatility
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10:13 EDTSPLKOptions with increasing implied volatility
Options with increasing implied volatility: ESPR SRPT CX RAX YY SPLK QIHU HFC OWW BBY
July 29, 2015
10:41 EDTSPLKOptions with increasing implied volatility
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10:27 EDTSPLKOptions with decreasing implied volatility
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July 24, 2015
06:38 EDTLGFLionsgate price target raised to $45 from $38 at Piper Jaffray
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05:45 EDTSPLKProofpoint price target raised to $80 from $70 at Summit Research
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