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Stock Market & Financial Investment News

News Breaks
February 5, 2014
11:03 EDTDDD, SYK, VJET, GE, SSYS, JNJ, XONE3D printer makers tumble after profit warning from 3D Systems
Shares of 3D printer makers are sinking after the largest company in the sector in terms of market capitalization, 3D Systems (DDD), pre-announced lower than expected fiscal 2013 profit and gave a disappointing earning outlook for next year. WHAT'S NEW: 3D Systems reduced its fiscal 2013 earnings per share outlook to 83c-87c from 93c-$1.03. Analysts' consensus estimate was 96c. However, the company reported preliminary fiscal 2013 revenue of $513 million-$514 million, within its previous outlook of $500M-$530M. Analysts' consensus estimate was $514.24M. 3D Systems blamed its lower than expected fiscal 2013 EPS on "very significant R&D, manufacturing and marketing investments designed to accelerate revenue growth," along with weaker than expected demand for its parts and consumer products. For fiscal 2014, 3D Systems predicted that its EPS would be 73c-85c, versus analysts' consensus estimate of $1.27. However, the 3D printer maker expects its fiscal 2014 revenue to come in at $680M-$720M, versus the consensus estimate of $671.29M. ANALYST REACTION: In a note to investors earlier today, Jefferies analyst Peter Misek wrote that 3D Systems' opportunity in the professional and industrial markets is "only just beginning." 3D Systems' guidance is "appropriately conservative," wrote Misek, adding that his research suggests that the 3D printer maker is likely to announce deals with at least three major companies in 2014: Stryker (SYK), Johnson & Johnson (JNJ), and GE (GE). Misek kept a Buy rating on the stock. PRICE ACTION: In mid-morning trading, 3D Systems tumbled 22% to $59.25, but the stock was well above its low for the day of $54.63. Likewise, another major 3D printer maker, Stratasys (SSYS), retreated 8% to $108.60, but was well off its low for the day of $102.20. Another company in the space, ExOne (XONE), sank 10% to $40.27, while European 3D printer maker Voxeljet (VJET) gave back 6% to trade near $32.
News For DDD;SSYS;VJET;XONE;GE;SYK;JNJ From The Last 14 Days
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July 29, 2015
05:30 EDTGEGE Healthcare to invest $1B for training and education solutions by 2020
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July 28, 2015
10:07 EDTGEGE in talks to sell assets to Ansaldo Energia, Reuters reports
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07:50 EDTSSYS, DDDJefferies cuts price targets in 3D printing space after survey
After surveying 30 resellers in the 3D printing space, Jefferies analyst Jason North cut his price target for 3D Systems (DDD) to $14 from $22 and Stratasys (SSYS) to $50 from $60. A key investor discussion is when or if the industry will return to 20% growth, North writes in a research note. His survey indicates Q4 as the most likely time frame for Stratasys and later, if ever, for 3D Systems. The survey suggests weak Q2 results and a "muted" rebound in Q3, North tells investors. He prefers shares of Arcam (AMAVF) and Stratasys, both of which are Buy rated, to Hold-rated 3D Systems and Proto Labs (PRLB).
07:05 EDTJNJMacroGenics reports MGD011 advances into clinical development
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July 27, 2015
12:46 EDTGEAlstom to accept EUR300M hit to assist GE deal completion
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11:37 EDTSSYSStratasys upgraded to Buy with $45 price target at Dougherty
Before the open, Dougherty analyst Andrea James upgraded Stratasys (SSYS) to Buy from Neutral and set a $45 price target on the stock, noting that the firm's North American channel checks indicate the sales climate has improved since the stock was downgraded in April. James also said that the pullback in the stock over that time frame leaves it trading at a "historically low P/E multiple" and that the firm believes HP (HPQ) will compete more directly with others in the 3D space than it will with Stratasys.
10:40 EDTJNJLeerink major pharma analyst holds an analyst/industry conference call
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06:38 EDTGEGE intends to be 'sizable' player in energy storage market, Reuters reports
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July 24, 2015
15:17 EDTGECapital One, Apollo Global weigh final bids for GE unit, Bloomberg says
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July 23, 2015
17:51 EDTJNJJanssen submits sNDA to update label for Olysio
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16:12 EDTSYKStryker sees FY15 constant currency sales growth 6.5%-7.5%, consensus $9.93B
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16:12 EDTSYKStryker sees Q3 adjusted EPS $1.20-$1.25, consensus $1.20
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16:10 EDTSYKStryker raises FY15 adjusted EPS view to $5.06-$5.12 from $4.95-$5.10
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16:08 EDTSYKStryker reports Q2 adjusted EPS $1.20, consensus $1.17
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15:04 EDTSYKNotable companies reporting after market close
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10:24 EDTDDDZVerse announces strategic partnership and commercial agreement with 3D Systems
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08:11 EDTGEGE's CDF unit extends inveotry finance program with Husqvarna Group
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July 22, 2015
16:22 EDTSYKSynergetics completes early renewal of Stryker supply agreement
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10:15 EDTJNJThoratec downgraded to Market Perform from Outperform at Northland
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07:23 EDTGEFrench minister 'reassured' by elements of Alstom, GE deal talks, Reuters says
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