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Stock Market & Financial Investment News

News Breaks
December 12, 2012
12:25 EDTFSLR, JASO, LDK, PC, DD, SPWR, TSL, ESLR, TEVA, GILD, STP, CSIQ, YGE, CRL, YMIOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday as investors wait on the Fed and other Washington powers to set the direction. The averages began the session slightly higher and have remained in a narrow range all morning. However, the day's real action may be yet to come, as investors await the conclusion of the two-day Federal Reserve policy meeting. The rate decision is due out at 12:30 pm ET. And, as always, headlines from Washington regarding the fiscal cliff negotiations are always a threat to swing the market quickly in either direction... ECONOMIC EVENTS: In the U.S., import prices fell more than expected and recorded their biggest drop in five months in November, dropping 0.9%. In Europe, the pace of contraction of industrial production in the 17 countries that use the euro accelerated in October, as activity fell 3.6% from a year ago compared to a contraction of 2.8% in September... COMPANY NEWS: DuPont (DD) shares rose 2% after the company said it expects its adjusted EPS to come in at the high end of its previous forecast and also authorized a repurchase program of $1B... A number of solar stocks moved up sharply amid numerous headlines from Chinese and Taiwanese media sources. Reports said China plans additional subsidies for solar companies there and also some China-based makers may sell solar cell equipment to Taiwan. A number of solar names moved higher, including Yingli Green Energy (YGE), up 20%, Trina Solar (TSL), also up 20%, and JA Solar (JASO), up 22%. Additionally, LDK Solar (LDK), which rose 27%, announced it has entered into discussions with certain creditors to obtain additional flexibility as it continues to work to address its previously disclosed liquidity and working capital concerns... MAJOR MOVERS: Among the notable gainers was Panasonic (PC), up almost 8% following an upgrade to Overweight at Barclays. Also higher were shares of YM BioSciences (YMI), up 77% after agreeing to be acquired by Gilead Sciences (GILD) for $2.95 per share in cash. Gilead shares, meanwhile, moved up 10c, or 0.13%. Among the noteworthy losers was Charles River Labs (CRL) down 8% after reaffirming its 2012 guidance and giving guidance for 2013 below Street expectations. Also lower were shares of Teva Pharmaceutical (TEVA), down 4.7% after Leerink downgraded the stock to Market Perform and Wells Fargo removed it from the firm's Priority Stock List... INDICES: Near noon, the Dow was up 8.25, or 0.06%, to 13,256.69; the Nasdaq was down 2.71, or 0.09%, to 3,019.59; and the S&P 500 was up 2.37, or 0.17%, to 1,430.21.
News For DD;YMI;GILD;PC;CRL;TEVA;LDK;YGE;ESLR;JASO;CSIQ;TSL;FSLR;STP;SPWR From The Last 14 Days
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March 20, 2015
15:02 EDTGILDAcelRx names Howard Rosen as interim CEO
AcelRx Pharmaceuticals (ACRX) announced the appointment of Howard Rosen as interim CEO of AcelRx, effective April 1. Rosen is a technically trained executive with over 25 years of success growing start-up and mid-size biopharmaceutical companies. Rosen previously held senior-level general management positions and functional roles in strategy, marketing, finance, business development, and research and development at Gilead Sciences (GILD) and ALZA Corporation. Rosen has served on the Board of Directors of AcelRx since 2008 and currently serves on the Board of Directors of Alcobra and several private biopharmaceutical companies.
09:24 EDTDDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Ctrip.com (CTRP), up 20.1%... Rally Software (RALY), up 17.3%... Nike (NKE), up 5.2%... Darden Restaurants (DRI), up 4.3%... Cheetah Mobile (CMCM), up 3.6%. ALSO HIGHER: Prothena (PRTA), up 40.2% after reporting positive results from Phase 1 study of PRX002... Viggle (VGGL), up 26.9% after confirming receipt of offer from chairman and CEO Robert Sillerman... Intercept Pharmaceuticals (ICPT), up 8.5% after announcing new data analyses from FLINT trial... Biogen Idec (BIIB), up 9.7% after presenting positive interim results from study of aducanumab... Pier 1 Imports (PIR), up 5.2% after being upgraded to Outperform from Perform at Oppenheimer... JinkoSolar (JKS), up 2.8% after announcing that it will supply 75 MWdc of its PV solar modules to Red Horse 2 project and following a strategic collaboration agreement with DuPont (DD). DuPont is up just under 1%. DOWN AFTER EARNINGS: AK Steel (AKS), down 6.8%... Youku Tudou (YOKU), down 4.9%... Tiffany (TIF), down 3.3%. ALSO LOWER: Macerich (MAC), down 7.7% after Simon makes $95.50 per share "best and final" offer.
07:06 EDTDDJinkoSolar and DuPont sign strategic collaboration agreement
JinkoSolar (JKS) announced that it has signed a strategic collaboration agreement with DuPont (DD), which reflects the companies' interests in furthering the growth and adoption of efficient and reliable solar generated electricity. Areas of potential collaboration include technical development efforts to support continued improvements in the efficiency, durability and reliability of solar cells and panels, including through development and supply of advanced materials including DuPont Solamet PV19x series photovoltaic metallization pastes and DuPont Tedlar polyvinyl fluoride films, as well as co-marketing collaborations aimed at promoting the broader and faster adoption of solar energy to help address the world's growing energy needs.
06:55 EDTCSIQ, YGE, JASO, FSLR, TSL, SPWRU.S. delegates to work with China on environmental issues, China Daily says
The U.S. government is sending several high-level representatives to China in an effort to advance cooperation on energy, the environment and climate change, China Daily reported yesterday. The two countries signed a major climate change deal in November, the newspaper noted. Publicly traded companies in the solar energy space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
March 19, 2015
16:01 EDTGILDOptions Update; March 19, 2015
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09:08 EDTGILDNew Gilead HIV drug likely to be approved in mid-2015, says Argus
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March 18, 2015
16:13 EDTTEVAFibrocell Science appoints Keith Goldan as CFO
Fibrocell Science announced the appointment of Keith Goldan as senior VP and Chief Financial Officer, effective immediately. Prior to joining Fibrocell, Goldan served as CFO of two publicly traded companies. Most recently he served as SVP and CFO of NuPathe, which was acquired by Teva Pharmaceutical (TEVA) in 2014.
13:19 EDTDDDuPont management to meet with Piper Jaffray
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11:36 EDTTEVAIgnyta price target raised to $17 from $14 at Leerink
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11:29 EDTJASO, TSLSolar sector could get new boost from China raising solar energy targets
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10:08 EDTTEVAEagle Pharmaceuticals price target increased to $67 from $43 at William Blair
William Blair raised its price target on Eagle Pharmaceuticals to $67 from $43 citing its belief that the company can become profitable and have significant cash flow pending the approval of EP-3102. The company added that it view last week's FDA label change for Teva's (TEVA) Treanda as a positive for EP-3102 and that its new price target assumes 2016 launch and "reasonable" penetration for EP-3102.
09:08 EDTJASO, TSLSentiment towards China solar names improving, says Roth Capital
After China raised its 2015 solar installation target, Roth Capital says that the country could significantly increase its 2020 solar target, boosting China solar stocks further. Roth identifies .Daqo New Energy (DQ), JA Solar (JASO), JinkoSolar (JKS), and Trina Solar (TSL) as the names in its coverage most likely to benefit directly from such a revision. It keeps Buy ratings on all the stocks named.
07:13 EDTTEVATeva volatility elevated, shares near four year high
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06:30 EDTYGE, JASO, CSIQ, TSLChina raises 2015 solar energy target, Barron's says
China increased its 2015 solar energy installation target to 17.8 gigawatts from 15 gigawatts previously, according to Barron's.Additionally, Beijing abandoned its previous practice of setting targets for both large scale utility solar facilities and rooftop projects, which should help Chinese solar companies, Barron's quoted Deutsche Bank as saying. Chinese solar stocks rallied in New York yesterday. Companies in the sector include JinkoSolar (JKS) Trina Solar (TSL) Canadian Solar (CSIQ),, Yingli Green Energy (YGE), and JA Solar (JASO). Reference Link
March 17, 2015
19:42 EDTTEVAOn The Fly: After Hours Movers
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16:03 EDTTEVAIgnyta acquires 4 oncology R&D assets from Teva for 1.5M shares of common stock
Teva (TEVA) and Ignyta (RXDX) announced the acquisition by Ignyta of the worldwide rights and assets relating to four targeted oncology development programs in exchange for 1.5M shares of Ignyta’s common stock. Concurrently, Ignyta has entered into stock purchase agreements with Teva, and selected additional healthcare investors, whereby Teva will purchase a further 1.5 million shares of common Ignyta stock at a price of $10 per share in a registered direct offering. The other investors will purchase an additional 2.7M shares at $10 per share, valuing the total offering at approximately $41.6M. Under the terms of the asset purchase agreement with Teva, Ignyta is acquiring all of Teva’s assets and worldwide rights relating to four oncology development programs in exchange for 1.5M shares of Ignyta’s common stock. Teva has agreed not to sell or otherwise transfer any of these shares until March 17, 2016, and Ignyta is required to register the resale of these shares with the SEC prior to such date. Ignyta also assumed all of Teva’s ongoing obligations under certain contracts relating to the purchased programs, including the agreements under which Teva in-licensed rights to the assets.
13:39 EDTDDDuPont breaks below its 50-day moving average, levels to watch
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10:26 EDTTEVAOptions with increasing implied volatility
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06:31 EDTGILDStudies find Gilead's hepatitis C drugs cost effective, Reuters says
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05:50 EDTDDStocks with implied volatility movement; DD NFLX
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