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Stock Market & Financial Investment News

News Breaks
January 31, 2013
10:17 EDTCLDT, NOG, VELT, NTGR, FB, LVS, HES, STX, KEY, ENDP, RIMM, ZION, RF, FIO, CMAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Comerica (CMA) downgraded to Underperform from Market Perform at Bernstein... Endo Health (ENDP) downgraded to Perform from Outperform at Oppenheimer... Facebook (FB) downgraded to Hold from Buy at Stifel Nicolaus... Fusion-io (FIO) downgraded to Neutral from Outperform at Credit Suisse... KeyCorp (KEY) downgraded to Underperform from Market Perform at Bernstein... Netgear (NTGR) downgraded to Equal Weight from Overweight at Barclays... Regions Financial (RF) downgraded to Underperform from Market Perform at Bernstein... Seagate (STX) downgraded to Underweight from Equal Weight at Barclays... Velti (VELT) downgraded to Market Perform from Outperform at Wells Fargo... Zions Bancorp (ZION) downgraded to Underperform from Market Perform at Bernstein... Hess Corp. (HES) downgraded to Hold from Buy at Societe Generale... Regions Financial (RF) downgraded to Neutral from Outperform at RW Baird... Northern Oil and Gas (NOG) downgraded to Market Perform from Outperform at BMO Capital... Research in Motion (RIMM) downgraded to Underperform from Neutral at Credit Suisse... Las Vegas Sands (LVS) downgraded to Hold from Buy at Craig-Hallum... Chatham Lodging Trust (CLDT) downgraded to Neutral from Buy at SunTrust.
News For CMA;ENDP;FB;FIO;KEY;NTGR;RF;STX;VELT;ZION;HES;NOG;RIMM;LVS;CLDT From The Last 14 Days
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May 13, 2015
08:21 EDTFBFormer FCC chairman hired by Facebook to manage access efforts, Bloomberg says
Kevin Martin, the former chairman of the FCC who has been consulting for Facebook the past two years, is joining on a permanent basis as the company's VP for mobile and global access policy, reported Bloomberg. Facebook also announced that Chief Privacy Officer Erin Egan will start serving a dual role as VP of U.S. Public Policy, the report added. Reference Link
06:22 EDTFBFacebook introduces Instant Articles, says working with nine launch partners
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May 12, 2015
18:12 EDTRFSenate proposes to ease 'systemically important' bank designation, FT says
Senate bank committee chairman Richard Shelby has introduced legislation that would increase the "systemically important bank" threshold from $50B to $500B, reports the Financial Times, citing draft legislation. The report notes that SunTrust (STI), Regions Financial (RF), Citizens Financial (CFG), Fifth Third (FITB), and Huntington Bancshares (HBAN) may benefit from the change if the bill passes. Some bankers believe the potential change could lead to renewed interest in mergers within the sector, adds the Financial Times. Reference Link
16:01 EDTFBOptions Update; May 12, 2015
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14:13 EDTKEYBove says it may be time to buy bank stocks
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07:00 EDTFBPublishers contend with Facebook clout as traffic-driving power grows, WSJ says
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May 11, 2015
19:05 EDTFBFacebook tests in-house search engine, WSJ says
Facebook (FB) is testing a feature within its app that allows users to search for previously-shared links, reports the Wall Street Journal's Digits blog, citing spokesperson statements. "We’re piloting a new way to add a link that’s been shared on Facebook," said a company spokesperson. The Journal notes that the feature could give Facebook an information edge over search engine leader Google (GOOG). Reference Link
16:00 EDTFBOptions Update; May 11, 2015
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10:30 EDTFBFacebook management to meet with Pacific Crest
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09:37 EDTFBActive equity options trading on open
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08:19 EDTZION, CMAJefferies to hold a field trip
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07:34 EDTENDPEndo acquires portfolio of branded and generic products from Aspen Holdings
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07:13 EDTENDPEndo raises FY15 adjusted EPS to $4.40-$4.60 from $4.35-$4.55, consensus $4.48
Sees FY15 revenue $2.9B-$3B, consensus $2.99B. Sees FY15 adjusted gross margin of between 64%-65%. Sees FY15 effective tax rate of 13%-14%.
07:12 EDTENDPEndo reports Q1 US Branded Pharmaceuticals revenue $285M
Reports Q1 US Generic Pharmaceuticals revenue $357M. Reports Q1 International Pharmaceuticals revenue $73M.
07:11 EDTENDPEndo reports Q1 adjusted EPS $1.17, consensus $1.06
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May 8, 2015
13:09 EDTFBCiti says 'sell in May, go away' on Twitter, LinkedIn, Zillow
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09:36 EDTFBActive equity options trading on open:
Active equity options trading on open: AAPL BABA FB DIS MSFT TSLA NFLX AMZN BAC
08:49 EDTFBAOL CEO sees doing 'more and more things' with messaging, social platforms
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07:38 EDTFBJefferies puts Google atop list of potential Yelp buyers
Jefferies laid out potential buyers for Yelp (YELP) after the Wall Street Journal reported that the company hired bankers to explore a sale. A Google (GOOG, GOOGL), Yelp (YELP) combination makes the most sense, the firm believes. It points out Google unsuccessfully tried to buy Yelp for $550M in 2009. Other potential buyers include Facebook (FB), Priceline (PCLN), GrubHub (GRUB) and Yahoo (YHOO), the firm notes. Jefferies views Yelp as a highly valuable asset and keeps a Buy rating on the stock with a $79 price target. Deutsche Bank today pegged the chances of a Yelp buyout at 60% and estimates a takeout price between $59 and $85 per share. The stock closed yesterday up $8.79 to $47.01 following the Journal's report.
06:22 EDTFBCitigroup sees internet stocks underperforming this summer
Citigroup analyst Mark May says that even with the recent share pullbacks, the broader internet index has still meaningfully outperformed broader indices year-to-date. The group is nearing peak valuations, which could lead to underperformance through the summer, May tells investors today in a research note. He recommends avoiding shares of Twitter (TWTR), LinkedIn (LNKD) and Zillow Group (Z), as the companies are going through business transitions. The analyst believes Amazon.com (AMZN), eBay (EBAY), Yelp (YELP), Netflix (NFLX), GrubHub (GRUB) and Facebook (FB) have company specific factors that should enable them to outperform the internet group over the near term.
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