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Stock Market & Financial Investment News

News Breaks
February 5, 2013
11:48 EDTBRE, CPNO, EA, SIMO, MCO High option volume stocks: CPNO MCO EA BRE SIMO
News For CPNO;MCO;EA;BRE;SIMO From The Last 14 Days
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July 27, 2015
18:05 EDTSIMOSilicon Motion sees FY15 revenue up 22%-27%, consensus $355.69M
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18:04 EDTSIMOSilicon Motion sees Q4 revenue increasing sequentially
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18:04 EDTSIMOSilicon Motion sees Q3 revenue up 5%-10%, consensus $95.58M
Sees Q3 adjusted gross margin 50%-52%. Sees operating expenses roughly $25M-$27M.
18:02 EDTSIMOSilicon Motion reports Q2 adjusted EPS 51c, consensus 50c
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July 24, 2015
07:05 EDTMCOMoody's sees FY15 global MIS revenue up in mid single digit percent range
Global MIS revenue for full-year 2015 is still expected to increase in the mid-single-digit percent range. However, US revenue is now expected to increase in the low-double-digit percent range, while non-US revenue is now expected to be approximately flat. Within MIS, structured finance revenue is now expected to grow in the mid-single-digit percent range and public, project and infrastructure finance revenue is now expected to increase in the low-double-digit percent range. Global MA revenue for full-year 2015 is still expected to increase in the mid-single-digit percent range. Within MA, professional services revenue is now expected to decrease in the high-single-digit percent range. The effective tax rate is now expected to be approximately 31% to 32% and capital expenditures are now expected to be approximately $100 - $110 million.
07:05 EDTMCOMoody's still sees FY15 EPS $4.55-$4.65, consensus $4.61
Sees FY15 revenue growth in the mid single digit percent range, consensus $3.54B. Sees operating expense growth in the mid single digit percent range. Sees FY15 free cash flow approx. $1B, share repurchase approx. $1B.
07:04 EDTMCOMoody's reports Q2 adjusted EPS $1.28, consensus $1.22
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July 21, 2015
05:12 EDTEAEA SPORTS partners with Real Madrid C.F. as official videogame partner
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July 20, 2015
10:43 EDTEAZillow slides to 52-week low after Barclays cuts to sell
The shares of Zillow (Z) are falling after Barclays downgraded the stock to Underweight, the firm's equivalent of a "Sell" rating, citing increased competition in the "local" segment of the Internet market. Zillow's websites advertise homes that are up for sale. WHAT'S NEW: In a note to investors earlier today, Barclays analyst Christopher Merwin wrote that, heading into second quarter results, he does not recommend Internet stocks that have been "challenged" and have relatively "cheap" valuations. These valuations are only "cheap" based on consensus estimates that are probably too high, the analyst believes. Based on that criteria, he downgraded Zillow to Underweight from Equal Weight. He also used the same criteria to downgrade Yelp (YELP), whose website features user reviews of local businesses, to Equal Weight from Overweight. Both companies are facing an "atypical level" of competition, driven by a favorable venture capital funding environment, Merwin indicated. The competition has driven down the companies' multiples, he believes. WHAT'S NOTABLE: Merwin recommended that investors buy the shares of small and mid cap Internet companies whose estimates are just beginning to be revised upwards by analysts. He identified IAC (IACI), which owns several dating websites, as one stock in this category. IAC should benefit from increased monetization of its popular Tinder dating app and the stabilization of its core dating websites, the analyst contended. Also poised for further positive estimate revisions are video game makers Electronic Arts (EA) and Activision Blizzard (ATVI), Merwin believes. The companies' increased revenue from digital games should mitigate the risk they face from slowing software growth as sales of new consoles slow, the analyst believes. He noted that 50% of both companies' revenue are now generated from digital games and identified Electronic Arts and Activision Blizzard as two of his top ideas. PRICE ACTION: In morning trading, Zillow fell 5% to $79 after hitting a 52-week low of $76.82 earlier in the session. Meanwhile, Yelp slid 1.6% to $34.40, IAC fell fractionally to $83.83, Electronic Arts added about 1% to $74.15 and activision Blizzard rose 0.5% to $25.93.
05:44 EDTEAZillow Group downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Christopher Merwin downgraded Zillow Group (Z) to Underweight saying competition is increasing in local. Underweight is Barclays' equivalent to a sell rating. The real estate and rental marketplace owner closed Friday at $83.27. Merwin believes consensus growth estimates are likely too high heading into Zillow's Q2 results and cut his price target for the stock to $70 from $90. The analyst this morning also downgraded Yelp (YELP) to Equal Weight for similar reasons. His top U.S. Internet picks heading into Q2 earnings season are IAC (IACI), Activision Blizzard (ATVI) and Electronic Arts (EA). Merwin thinks Activision and Electronic Arts will receive more than half of their 2015 revenue from digital.
July 17, 2015
07:15 EDTMCOMoody's to hold a teleconference
Teleconference provides a discussion on the recently published 'Request for Comment: Global Higher Education Methodology" on July 17 at 11 am. Webcast Link
05:51 EDTEAJune NPD video game software sales rose 21%, says Piper Jaffray
Piper Jaffray notes June NPD video game software sales were up 21% year-over-year, driven by Batman: Arkham Knight from Warner Bros. Piper remains positive on the group and keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
July 15, 2015
06:09 EDTEAElectronic Arts price target raised to $79 from $72 at Piper Jaffray
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July 14, 2015
10:51 EDTEAComcast announces partnership with EA, unveils XFINITY Games powered by EA
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