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Stock Market & Financial Investment News

News Breaks
May 30, 2014
12:39 EDTBLOX, NQ, SPLK, LGF, BNNY, BIGOn 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
Check below for free stories on BLOX;NQ;SPLK;LGF;BNNY;BIG the last two weeks.
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August 27, 2014
13:48 EDTSPLKSplunk August weekly 46 straddle priced for 9.5% move into Q2
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06:46 EDTBIGBig Lots outlook positive into Q2 results, says Piper Jaffray
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August 25, 2014
13:18 EDTSPLKSplunk volatility elevated into Q2 and outlook
Splunk August weekly call option implied volatility is at 118, September is at 63, October is at 62, November is at 53; compared to its 26-week average of 52 according to Track Data, suggesting large near term price movement into the expected release of Q2 results after the market close on August 28.
August 21, 2014
14:56 EDTNQNQ Mobile down 3% after report of undisclosed SEC investigation
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06:23 EDTSPLKSplunk price target lowered to $55 from $65 at Deutsche Bank
Deutsche Bank lowered its price target for Splunk (SPLK) shares to $55 from $65 ahead of the company's Q2 results on August 28 and says it prefers Tableau (DATA) on a relative basis. Deutsche, however, keeps a Buy rating on Splunk, noting that its recent user checks didn't pick up anything incrementally negative. The firm believes the Street is cautious on the stock into the results.
August 20, 2014
08:41 EDTNQNQ Mobile's vLife Technnology adopted by China Telecom
NQ Mobile (NQ) announced a partnership with China Telecom (CHA) that will bring NQ Mobile's vLife technology to China Telecom's "E Surfing" product. Under terms of the agreement, vLife will power the user interface for the mobile cloud platform.
August 19, 2014
06:22 EDTBLOXInfoblox FY15 outlook likely to miss consensus, says Citigroup
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August 18, 2014
09:10 EDTNQNQ Mobile announced it was named finalist at CTIA E-Tech Awards
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August 15, 2014
11:01 EDTLGFWWE, Lionsgate announce second film in deal, Lockdown
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09:37 EDTNQNQ lost CFO, audit chair, auditor within weeks, Muddy Waters says
Short-selling research firm Muddy Waters tweeted, "Within mere weeks, $NQ has lost its CFO, audit chair, and Big4 auditor. Sad comedy to watch $NQ continue denying it's a fraud." Shares of NQ are down 11% to $5.70 after the company disclosed the resignation of its CFO.
09:10 EDTNQOn The Fly: Pre-market Movers
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07:20 EDTNQNQ Mobile volatility expected to move on CFO KB Teo to resignation
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07:11 EDTNQNQ Mobile CFO KB Teo to resign for family reasons effective August 22
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August 13, 2014
16:00 EDTNQOptions Update; August 13, 2014
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