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Stock Market & Financial Investment News

News Breaks
May 15, 2013
19:34 EDTCSCO, SAPE, TSLA, LMCA, CBI, NQ, ACXM, ONTY, SPPIOn The Fly: After Hours Movers
UP AFTER EARNINGS: Cisco (CSCO), up 8.4%... Sapient (SAPE), up 6.3%. ALSO HIGHER: Tesla (TSLA), up 7.7% after announcing a common stock and debt securities shelf and disclosing that CEO Elon Musk is interested in purchasing up to 1.2M shares of the company's stock... Liberty Media (LMCA), up 3.9% after Berkshire Hathaway and SAC Capital disclosed new stakes in the company... Chicago Bridge & Iron (CBI), up 3.7% after Berkshire Hathaway announced a new stake in the company. DOWN AFTER EARNINGS: NetQin Mobile (NQ), down 8.3%... Acxiom (ACXM), down 4.1%. OTHER MOVERS: Oncothyreon (ONTY), up 7.6%, and Spectrum (SPPI), up 7.4%, after the release of abstracts for the American Society of Clinical Oncology annual meeting.
News For CSCO;SAPE;TSLA;LMCA;CBI;NQ;ACXM;ONTY;SPPI From The Last 14 Days
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August 12, 2014
16:00 EDTTSLAOptions Update; August 12, 2014
iPath S&P 500 VIX Short-Term Futures down 20c to 31.65. Option volume leaders: AAPL MNKD TWTR TSLA KMI KATE MGM NFLX KO according to Track Data.
15:03 EDTCSCOArista Networks faces rougher road ahead, WSJ says
Arista Networks (ANET) shares have been strong since the company's IPO and its growth prospects make a "good case for a decent premium," but the current valuation gap compared to its peers "seems wide", according to The Wall Street Journal's "Heard on the Street" column, which noted that Cisco (CSCO) has the resources and incentive to push back against Arista's attempts to take share in network switches. Reference Link
13:27 EDTNQNQ Mobile move positive attributed to iTunes link
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13:04 EDTCSCOCisco technical comments before earnings
In the last three months the stock has outperformed the broader averages, rising by nearly 9%. The trend in that time has been up, but with the bulk of gains having been realized near the start of the period. There was one larger bump up in price that was corrected, but that high at $26.08 now becomes an objective for bulls to take out on the upside on good news. The reason for this is that the $26 to $26.50 area forms a big double top when viewed on a 2-year daily chart. The bulls need to break this area of resistance for the stock to become long-term bullish. If they can manage that, next resistance above $26.50 would be at $27.74. If the news disappoints, that potentially bearish double top pattern could asset itself. The $23.50 area on a break lower would be the first test. The middle of the "M" pattern would be at $21.27.
12:49 EDTCSCOCisco August 25 straddle priced for 4.7% move into Q4
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09:35 EDTTSLAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GOOG C TSL EXAS BAC DNDN JNJ TSLA
07:42 EDTCSCOCisco August volatility increases into Q4 and outlook
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06:35 EDTTSLATesla's Model S 'has more than its share of problems,' Consumer Reports says
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06:06 EDTCSCOCisco planning to fire 300 employees in Israel, Globes reports
As part of a worldwide streamlining effort, Cisco is planning to fire 300 employees in Israel, Globes reports. Reference Link
August 11, 2014
16:27 EDTONTYOncothyreon reports Q2 EPS (9c), consensus (13c)
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16:16 EDTONTYOncothyreon acquires Alpine Biosciences for $27M in stock
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16:00 EDTTSLAOptions Update; August 11, 2014
iPath S&P 500 VIX Short-Term Futures down 1.33 to 31.90. Option volume leaders: AAPL KMI MNKD PBR AMZN SCTY TWTR TSLA according to Track Data.
15:23 EDTTSLAJPMorgan to hold a conference
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12:25 EDTTSLAOn The Fly: Midday Wrap
Stocks on Wall Street opened in positive territory and have remained there throughout the morning. There was little in the way of a catalyst, as the economic calendar was empty, though investors may have been encouraged that there was no breakdown in the ceasefire agreement between Israel and Gaza and no big headlines from the Russia/Ukraine border. Additionally, some may have viewed comments from Fed Vice Chair Fischer as dovish and in support of continued easing. ECONOMIC EVENTS: In the U.S., no significant economic data was released. In prepared comments for a conference, Federal Reserve Vice Chairman Stanley Fischer said rebounds across advanced economies have been disappointing, leading the Fed and other observers to lower their long-term expectations for growth potential in the U.S. COMPANY NEWS: Shares of Kinder Morgan (KMI) advanced 10% after announcing it will consolidate its oil-and-gas holdings into one company by acquiring all of the outstanding shares of a number of its subsidiaries, including Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB). In addition to the rise in the shares of the parent, Kinder Morgan Energy shares rose 19%, Kinder Morgan Management gained 25% and El Paso Pipeline moved up 22%. MAJOR MOVERS: Among the notable gainers was salad and banana producer Chiquita Brands (CQB), which jumped 31% to trade above $13 per share after Cutrale Group and the Safra Group proposed to acquire 100% of the company's outstanding stock for $13 in cash each. Also higher was electric car maker Tesla (TSLA), which rose 5% after Deutsche Bank upgraded the stock to Buy from Hold and raised its price target on the shares to $310 from $220. Among the noteworthy losers was social game maker King Digital (KING), which slid 3% after the stock was downgraded at Pacific Crest to Sector Perform from Outperform. Also lower following their earnings reports were Inovio (INO), which fell over 8%, and Gogo (GOGO), which dropped nearly 6%. INDEXES: Near midday, the Dow was up 51.25, or 0.31%, to 16,605.18, the Nasdaq was up 38.19, or 0.87%, to 4,409.08, and the S&P 500 was up 10.12, or 0.52%, to 1,941.71.
11:52 EDTTSLATesla advances following Deutsche Bank upgrade
Shares of electric car maker Tesla (TSLA) are rising after Deutsche Bank upgraded the stock to Buy from Hold and raised its price target on the shares to $310 from $220. WHAT'S NEW: This morning, Deutsche Bank analyst Rod Lache upgraded Tesla, citing guidance issued by the company on its second quarter earnings conference call. On the call, Tesla's management indicated that its growth trajectory will be steeper, its product mix much richer, and its costs significantly lower than previously thought. Lache increased his growth forecasts as a result, taking up his FY15-FY17 volume estimates to 60,000, 100,000, and 129,000 units from previous views of 51,000, 60,000, and 83,000 units, respectively. The analyst added that even these forecasts may prove conservative since Tesla expects to end 2014 and 2015 with 50,000 and 100,000 units of capacity. The firm sees a clear path to 500,000 units of annual production by the end of the decade and expects growth to continue as Tesla continues to seek additional production capacity. In terms of product mix, Deutsche expects Tesla sales to gravitate more towards the Model S and X versus the Model 3, thus increasing their profitability. In addition, Tesla is targeting battery pack costs of $150/kWh by late 2017 versus about $250/kWh today, and they see costs falling below $100/kWh within ten years. If achieved, these levels could provide an outright cost advantage for Tesla's electric vehicles compared to their gas operated competitors. WHAT'S NOTABLE: Based on the improved outlook, the analyst now expects EPS in the $27 range by 2020, up from his prior view of $20. Lache raised his 12-month price target on the shares to $310 from $220. PRICE ACTION: In late morning trading, Tesla rose $12.54, or 5%, to $260.67. Including today's advance, the stock is up approximately 70% over the past 12 months.
10:19 EDTTSLAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Achillion (ACHN) upgraded to Outperform from Market Perform at Wells Fargo... Alon USA Partners (ALDW) upgraded to Outperform from Neutral at Credit Suisse... Buenaventura (BVN) upgraded to Buy from Underperform at BofA/Merrill... CNO Financial (CNO) upgraded to Overweight from Equal Weight at Morgan Stanley... Central European Media (CETV) upgraded to Neutral from Sell at Goldman... Cepheid (CPHD) upgraded to Neutral from Cautious at ISI Group... Chuy's (CHUY) upgraded to Outperform from Market Perform at Raymond James... Compressco (GSJK) upgraded to Strong Buy from Market Perform at Raymond James... Concho Resources (CXO) upgraded to Overweight from Equal Weight at Stephens... Frank's International (FI) upgraded to Neutral from Sell at Goldman... Freeport McMoRan (FCX) upgraded to Buy from Hold at Argus... GNC Holdings (GNC) upgraded to Outperform from Neutral at Credit Suisse... Genworth (GNW) upgraded to Equal Weight from Underweight at Morgan Stanley... Gulfport Energy (GPOR) upgraded at Stifel... Huntington Ingalls (HII) upgraded to Buy from Neutral at UBS... Hyatt Hotels (H) upgraded at Stifel... J.C. Penney (JCP) upgraded to Hold from Sell at Craig-Hallum... Kinder Morgan (KMI) upgraded to Buy from Neutral at BofA/Merrill... Krispy Kreme (KKD) upgraded to Outperform from Neutral at Wedbush... Oasis Petroleum (OAS) upgraded to Buy from Neutral at Sterne Agee... PepsiCo (PEP) upgraded to Buy from Neutral at UBS... Regency Centers (REG) upgraded to Neutral from Underperform at BofA/Merrill... SandRidge Energy (SD) upgraded to Reduce from Sell at KLR Group... Southwest Gas (SWX) upgraded to Buy from Hold at Brean Capital... Tesla (TSLA) upgraded to Buy from Hold at Deutsche Bank.
09:36 EDTTSLAActive equity options trading on open
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09:06 EDTTSLAOn The Fly: Pre-market Movers
HIGHER: PharmAthene (PIP), up 55% after announcing that a Delaware court awarded the company lump sum expectation damages for the value of its lost profits for SIGA Technologies' (SIGA) smallpox antiviral, Tecovirimat... MannKind (MNKD), up 19% after entering exclusive licensing agreement for development and commercialization of Afrezza inhaled insulin with Sanofi (SNY)... Kinder Morgan (KMI), up 19% after announcing it will acquire all of the outstanding equity securities of Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB)... Tesla (TSLA), up 2.7% following upgrade at Deutsche Bank... Achillion (ACHN), up 6% following upgrades at Wells Fargo and at Piper Jaffray... PepsiCo (PEP), up 0.9% following upgrade at UBS. LOWER: Dean Foods (DF), down 8.6% after reporting Q2 losses that were steeper than expected, saying balance of year "appears rocky," which makes it difficult to provide guidance beyond the immediate quarter... Priceline (PCLN), down 0.7% after reporting Q2 revenue that missed expectations, guiding Q3 EPS below consensus... SIGA Technologies, down 31% after ruling in suit with PharmAthene... 2U (TWOU), down 4.3% after downgraded at Goldman.
06:38 EDTTSLATesla upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded its rating on Tesla (TSLA) shares to Buy saying it expects the electric car maker to be much more profitable than previously thought following comments on the company's Q2 earnings call. Deutsche now thinks Tesla can produce 500,000 units of annual production by late this decade. It raised its price target for the stock to $310 from $220. Shares of Tesla closed Friday down $2.46 to $248.13.
05:55 EDTCSCOCisco expected to report solid Q4 results at Wells Fargo
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