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Stock Market & Financial Investment News

News Breaks
August 7, 2014
10:00 EDTMIK, CHMI, MOKO, JDOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Cherry Hill Mortgage (CHMI) initiated with an Outperform at JMP Securities... JD.com (JD) initiated with a Market Perform at William Blair... MOKO Social Media (MOKO) initiated with a Buy at Chardan... Michaels Stores (MIK) initiated with a Neutral at Macquarie.
News For CHMI;JD;MOKO;MIK From The Last 14 Days
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March 24, 2015
06:59 EDTJDJD.com volatility near 52-week lows
JD.com April call option implied volatility is at 38, June is at 40; compared to its 52-week range of 37 to 76, suggesting decreasing price movement.
March 23, 2015
05:53 EDTJDStocks with implied volatility movement; MAC JD
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March 17, 2015
10:17 EDTJDFly Watch: Alibaba upgraded ahead of big lock-up expiration
A lock-up of Alibaba's (BABA) U.S. shares is set to expire tomorrow, enabling early investors the opportunity to sell 337M of the company's shares, or about 14% of its publicly traded stock, for the first time. This morning, research firm Stifel upgraded the stock to Buy, citing reduced regulatory risk and enhanced monetization trends. WHAT'S NEW: About 337M shares of Alibaba's stock will become available for sale tomorrow as a 180-day lock-up related to the company's IPO expires. Lock-up agreements, a typical feature of company stock offerings, prevent certain shareholders from selling for a set amount of time after the offering. Earlier today, Stifel analyst Scott Devitt upgraded Alibaba to Buy from Hold. After a Chinese regulator alleged that many of the products sold on Alibaba's marketplace were inauthentic, the headline risk facing the company has subsided because it has begun taking stronger measures to combat counterfeit products, according to Devitt. At current levels the stock reflects the regulatory risk the company is facing, the analyst added. Devitt believes that recent investments by Alibaba will accelerate the company's monetization trends and the experience of its customers over the longer term. He set a $99 price target on the shares. WHAT'S NOTABLE: Research firm William Blair upgraded the shares of another Chinese e-commerce company, JD.com (JD), to Outperform from Market Perform in a note to investors earlier today. As reasons for the upgrade, the firm cited increased confidence that the company can increase its market share further and its belief that the company's platform is becoming more appealing while its market reach is expanding. The Chinese government's increased scrutiny of Alibaba could also be boosting JD.com, the analyst stated. The firm noted that gross merchandise volume growth trends for JD.com accelerated throughout the quarters of 2014, which is in contrast to Alibaba. PRICE ACTION: In early trading, Alibaba rose 0.5% to $84.38, while JD.com gained 1% to $28.
10:00 EDTJDOn The Fly: Analyst Upgrade Summary
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07:35 EDTJDJD.com upgraded to Outperform from Market Perform at William Blair
William Blair upgraded JD.com (JD) to Outperform citing an "attractive" valuation and its belief the company can gain market share in China's business-to-consumer e-commerce market. The firm notes gross merchandise volume growth trends for JD.com accelerated throughout the quarters of 2014, a contrast to competitor Alibaba (BABA). Shares of JD.com closed yesterday down 36c to $27.72.
March 16, 2015
09:19 EDTMIKMichaels price target raised to $31 from $24 at Raymond James
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