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Stock Market & Financial Investment News

News Breaks
February 5, 2014
12:38 EDTBIRT, CVS, SSYS, USNA, GOOG, DDD, MYGN, MRKOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday after ADP reported that dismal weather in January put a damper on private sector hiring. The market seemed indecisive in the opening 30 minutes of trading, but soon picked up downside momentum. The Nasdaq, which was down more than 1% early in the session, has trimmed its losses and the Dow has moved into positive ground, though just barely. ECONOMIC EVENTS: In the U.S., payroll company ADP reported that 175,000 service jobs were created in January, versus the expectations for 185,000 net new positions to have been added. The ISM services index rose to 54.0 in January from December's 53.0 reading, which was a bit ahead of expectations. COMPANY NEWS: Dow component Merck (MRK) advanced fractionally after the drug company’s quarterly results were generally in-line with expectations and it also announced three clinical collaboration agreements to evaluate its investigational anti-PD-1 immunotherapy… Shares of Google (GOOG) are advancing in a down market after the search giant reached a settlement with European Union regulators over antitrust allegations and research firm Bernstein hiked its price target on the stock to $1,500 from $1,350... CVS Caremark (CVS) announced plans to cease selling all tobacco products, including cigarettes, at all its locations starting October 1. MAJOR MOVERS: Among the notable gainers was multi-level-marketer USANA Health Sciences (USNA), which rose 17% after its results and guidance beat expectations. Also higher were shares of molecular diagnostic company Myriad Genetics (MYGN), which climbed over 11% after the company reported second quarter results that beat consensus expectations, raised its fiscal 2014 outlook, and announced the acquisition of Crescendo Bioscience. Among the noteworthy losers was 3D Systems (DDD), which plunged 16% after the maker of 3D printers and supplies lowered its profit outlook for the current fiscal year and guided to earnings next year below the consensus estimate. A number of 3D Systems’ peers fell as well, with the next biggest company in the sector, Stratasys (SSYS), also declining 3%. Also lower were shares of Actuate (BIRT), which slid about 17% after reporting earnings, announcing the acquisition of German software developer legodo ag and being downgraded at Drexel Hamilton. INDICES: Near midday, the Dow was up 13.12, or 0.08%, to 15,458.36; the Nasdaq was down 13.59, or 0.34%, to 4,017.93; and the S&P 500 was down 2.14, or 0.12%, to 1,753.06.
News For DDD;SSYS;MRK;GOOG;CVS;MYGN;USNA;BIRT From The Last 14 Days
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August 20, 2015
05:56 EDTGOOGGoogle Express to shut down two California delivery hubs, Re/code says
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August 19, 2015
16:00 EDTCVSTarget shares driven higher after earnings, cool after hot open
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13:13 EDTGOOGGoogle says to open YouTube production space in Mumbai 'soon'
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11:03 EDTCVSTarget says sees Q3 SSS up 1%-2%
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10:42 EDTGOOGAnalyst increases Google price target by $265, upgrades to buy
Research firm Atlantic Equities upgraded Google (GOOG, GOOGL) to Overweight from Market Weight, saying that it is more upbeat on the company's search business, while YouTube is becoming a major growth driver. Additionally, the search giant's margins look poised to improve, the firm stated. Overweight is Atlantic's equivalent of a buy rating. WHAT'S NEW: Google's second quarter results showed that its search business is weathering the transition to mobile better than expected, Atlantic Equities analyst James Cordwell stated in a note to investors today. Meanwhile, YouTube's revenue, despite growing very quickly, can rise even further since it still accounts for just roughly 5% of global TV viewing outside of China, according to Cordwell. Additionally, the movement of ad dollars from conventional TV to online TV looks set to accelerate, the analyst believes. Furthermore, Google is undertaking initiatives that should cause the amount of money it obtains from each mobile click to rise, the analyst believes. Commenting on the outlook for Google's margins, Cordwell believes that they should be boosted by the cost cuts being undertaken by the company's new CFO. The analyst raised his price target on the company's Class A shares to $825 from $560. PRICE ACTION: In mid-morning trading, Google's common stock rose $2.60 to $658.73 and its Class A shares rose $2.70 to $691.43.
10:00 EDTGOOGOn The Fly: Analyst Upgrade Summary
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06:53 EDTGOOGDeutsche Telekom exec calls for internet firms to subsidize online ads, FT says
Deutsche Telekom (DTEGY) senior vice president of technology strategy, governance, and programs Tomasz Gerszberg has called for internet companies such as Google (GOOG) and Facebook (FB) to subsidize users' mobile subscriptions due to the new way advertising takes over data allowances, the Financial Times reports, citing an article Gerszberg wrote on LinkedIn. The Deutsche Telekom executive said that consumers need to be protected from rising data charges related to "annoying" online ads, the report says. Reference Link
06:25 EDTGOOGGoogle upgraded to Overweight from Neutral at Atlantic Equities
Atlantic Equities analyst James Cordwell upgraded Google (GOOG, GOOGL) to Overweight and raised his price target for shares to $825 from $560. The search giant closed yesterday down $5.38 to $688.73. Google's YouTube unit "continues to grow very rapidly," while the revenue growth of Google Websites suggests the company is navigating the mobile transition on search better than expected, Cordwell tells investors in a research note. Further, a greater focus on costs by the new CFO is driving improved profitability, a trend that should continue, the analyst argues. Cordwell expects continued outperformance of Google shares.
05:56 EDTGOOGStocks with implied volatility below IV index mean; GMCR GOOG
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August 18, 2015
15:25 EDTGOOGGoogle introduces OnHub router
In a post to its official blog, Google said "While we count on Wi-Fi more than ever to be entertained, productive, and stay connected, we're streaming and sharing in new ways our old routers were never built to handle. So today, with our partner TP-LINK, we're launching OnHub, a different kind of router for a new way to Wi-Fi. Instead of headaches and spotty connections, OnHub gives you Wi-Fi that's fast, secure, and easy to use." Reference Link
13:01 EDTCVSEarnings Watch: Target to report Q2 results after management changes
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12:13 EDTMRKMerck recalls Temodar, Temozolomide bottles with cracked caps
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10:09 EDTCVSCVS Health completes Omnicare acquisition for total enterprise value of $12.9B
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08:03 EDTMRKMerck says FDA accepts sBLA for Keytruda
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06:02 EDTGOOGStocks with implied volatility below IV index mean; GMCR GOOG
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August 17, 2015
19:54 EDTGOOGComcast online video platform to give creators 70% share of ad revenue, WSJ says
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19:00 EDTGOOGGoogle targets 2016 U.S. launch for modular smartphone project
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16:14 EDTGOOGParkway Properties signs deal to bring Google Fiber to certain properties
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12:42 EDTGOOGGoogle says testing Project Sunroof
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06:03 EDTGOOGStocks with implied volatility below IV index mean; GMCR GOOG
Stocks with implied volatility below IV index mean; Keurig Green Mountain (GMCR) 38, Google (GOOG) 23 according to iVolatility.
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