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Stock Market & Financial Investment News

News Breaks
February 28, 2014
09:21 EDTCETV, CLSN, MDVN, REGI, SOHU, DDD, OVTI, GALE, DECK, MELI, NIHD, C, TWX, ELGX, ITMN, CGEN, ENDO, QCOROn The Fly: Pre-market Movers
UP AFTER EARNINGS: 3D Systems (DDD), up 2.7%... MercadoLibre (MELI), up 12.7%... Renewable Energy (REGI), up 9%... OmniVision (OVTI), up 15%... ALSO HIGHER: Central European Media (CETV) up 23% after Time Warner (TWX) financing deal... Galena (GALE), up 8% after receiving NeuVax notice of acceptance from Australian Patent Office... Celsion (CLSN), up 5.7% after announcing positive interim data from Phase 2 DIGNITY Trial of ThermoDox... Sohu.com (SOHU), up 5% after Marbridge Daily says company rumored to discuss video business merger with Tencent. DOWN AFTER EARNINGS: Endo Health Solutions (ENDP), down 2%... Deckers Outdoor (DECK), down 12.8%... Medivation (MDVN), down 12.5%... Endologix (ELGX), down 25%. ALSO LOWER: Citigroup (C), down 1% after lowerings Q4 results by $235M for fraud at Mexico subsidiary... NII Holdings (NIHD), down 50% after stating Q4 performance negatively impacted outlook on liquidity, shares downgraded at Raymond James... Compugen (CGEN), down 21% after 6M share Spot Secondary priced at $10.50... Questcor (QCOR), down 3% after Bloomberg says FDA reviewing Acthar lab test results... InterMune (ITMN), down 3% after downgraded at Credit Suisse.
News For C;DDD;QCOR;NIHD;SOHU;ENDO;MELI;REGI;CGEN;DECK;MDVN;ITMN;GALE;CLSN;ELGX;OVTI;CETV;TWX From The Last 14 Days
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March 19, 2015
10:23 EDTDDD3D Systems calls active on renewed takeover chatter
3D Systems March 27 and 28 calls are active on 4,200 calls (500 puts) on renewed takeover chatter. March call option implied volatility is at 79, April is at 37, May is at is at 45; compared to its 26-week average of 42 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
10:16 EDTDDDRumor: 3D Systems moves up on renewed takeover chatter
09:06 EDTCCiti Retail Services extends long term consumer relationship with Office Depot
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07:15 EDTCCiti CEO tells shareholders 2015 targets 'within reach,' Reuters reports
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07:10 EDTCGENCompugen announces planned relocation of Tel-Aviv headquarters
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06:55 EDTTWXCertain news agencies form advertising alliance to rival Google, others, BI says
The Guardian, CNN International, The Financial Times , Reuters (TRI) and The Economist are forming an advertising alliance, called Pangaea, in hopes of rivaling Google (GOOG), Facebook (FB), Twitter (TWTR), and LinkedIn (LNKD), reports Business Insider UK. The Financial Times is owned by Pearson (PSO), The Economist Group is 50% owned by Pearson via The Financial Times, and CNN is owned by Time Warner (TWX). Reference Link
06:06 EDTCCiti files lawsuit over Swiss franc surge, Reuters says
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March 18, 2015
13:56 EDTCArgentina to bar Citi from exiting custody business, Reuters says
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13:23 EDTTWXBattleground: Oppenheimer weighs in on Netflix with positive note
The recent weakness in Netflix's (NFLX) stock has created a buying opportunity, Oppenheimer wrote in a note to investors today. Oppenheimer's upbeat note comes after research firm Stifel issued a positive note on the stock yesterday and a third firm, Evercore ISI, downgraded the shares to sell on Monday. BULLISH TAKE: Noting that Netflix's stock has dropped 15% from its 52-week high, Oppenheimer analyst Jason Helfstein said that the decline creates a good buying opportunity ahead a number of "tier 1" original show launches by the company. History indicates that tier 1 original shows have the most impact on the company's net subscriber additions, the analyst stated. Worries about competition have weighed on the shares, but Netflix can beat the competition by using its data to provide superior programming, according to the analyst. He kept a $483 price target and Outperform rating on the shares. Stifel analyst Scott Devitt yesterday stated that concerns about the company's competition are overdone, as Netflix's positioning in the U.S. is as strong as ever and continues to improve as it adds more content. Time Warner's (TWX) upcoming launch of a video on demand service called HBO Now is the primary cause of the decline in Netflix's stock, Devitt contended, noting he views the HBO Now launch as "a non-event" for Netflix. Most Netflix subscribers who obtain HBO Now will probably keep both services, Devitt believes. BEARISH TAKE: Evercore ISI analyst Ken Sena on Monday downgraded Netflix shares to Sell from Hold. Increased competition will force the company to raise its investments, and the return from those investments is uncertain, the analyst contended. In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes, adding that Netflix will face even more competition overseas than in the U.S. Sela reduced his price target on the shares to $380 from $450. PRICE ACTION: In mid-afternoon trading, Netflix was little changed near $418 per share.
12:09 EDTTWXSony announces launch of PlayStation Vue in New York, Chicago, Philadelphia
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10:00 EDTMELIOn The Fly: Analyst Downgrade Summary
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06:27 EDTMELIMercadoLibre downgraded to Neutral from Overweight at JPMorgan
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March 17, 2015
17:19 EDTTWXTime Warner, CBS CEOs discussed possible merger last year, Bloomberg reports
CBS (CBS) CEO Les Moonves and Time Warner (TWX) CEO Jeff Bewkes had discussions about combining their companies in meetings last year, Bloomberg reports, citing three people with knowledge of the matter. Reference Link
16:00 EDTCOptions Update; March 17, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 27.30. Option volume leaders: AAPL RIG MGM HTZ TWTR TSLA CY KO NFLX C according to Track Data.
15:56 EDTTWXTime Warner, CBS CEOs discussed possible merger last year, Bloomberg reports
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14:37 EDTCCiti, Barclays near $800M settelement of forex suit, WSJ says
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13:06 EDTTWXBattleground: Analysts take opposite sides on Netflix
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12:26 EDTCCitibank to exit custody business in Argentina following ruling, WSJ reports
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07:15 EDTCCiti price target raised on positive news flow at Deutsche Bank
Deutsche Bank raised its price target for Citi (C) shares to $56 from $54 citing recent positive news flow around the sale of OneMain, the credit card deal with Costco (COST) and last week's stress test results. Deutsche notes the stock still trades at a 6% discount to tangible book. It keeps a Buy rating on Citi.
05:46 EDTTWXApple set to launch online TV service this year, Financial Times reports
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