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Stock Market & Financial Investment News

News Breaks
July 2, 2014
10:24 EDTSSYS, XONE, DDD, VJETCiti skeptical about 3D Systems takeover speculation
3D printer maker 3D Systems (DDD) surged yesterday following Bloomberg reporting that the company had canceled a tentative appearance at a conference, leading to speculation that it could be a takeover target, but Citigroup said today that the company probably wouldn't be acquired. Other 3D printer makers also rallied in the wake of the Bloomberg report. BACKGROUND: 3D Systems yesterday canceled a tentative appearance at an August conference sponsored by research firm Pacific Crest, Bloomberg reported. The company reportedly elected not to appear at the conference due to scheduling conflicts that its management had. WHAT'S NEW: In light of its $7B market cap, 3D Systems is not a realistic takeover target, Citi analyst Kenneth Wong wrote in a note to investors earlier today. Other factors also contributed to the stock's rally yesterday, the analyst stated. 3D Systems' announcement of a date for its second quarter earnings report yesterday likely eliminated any risk of a negative pre-announcement by the company, Wong wrote. The stock was likely also boosted by positive news about 3D bio-printing, the analyst stated. Bio-printing is several years away and the sector's rally was "a bit too extreme," even though positive sentiment about the removal of risk from 3D Systems' results is understandable, Wong believes. He kept a Neutral rating on 3D Systems. WHAT'S NOTABLE: Both Wong and JPMorgan analyst Paul Coster were more upbeat today about another major company in the sector, Stratasys (SSYS). Coster raised his price target on the name to $138 from $104. He believes that 3D Systems is trading at a significant premium to Stratasys and he kept an Overweight rating on Stratasys and a Neutral rating on 3D Systems. Similarly, Wong wrote that the rally in Stratasys' stock last month was steadier and more sustainable than the surge experienced by 3D Systems. He identified Stratasys as his top pick in the sector and kept a Buy rating on the shares. PRICE ACTION: In early trading, 3D Systems lost 2% to $62.18, while Stratasys rose 0.4% to $116.66. Other companies in the sector fell like 3D Systems, with Voxeljet (VJET) falling 4% to $24.87 and ExOne (XONE) dropping 3% to $43.59.
News For DDD;SSYS;VJET;XONE From The Last 14 Days
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November 24, 2014
16:34 EDTDDDOn The Fly: Closing Wrap
Stocks on Wall Street opened in quiet fashion and trading remained that way throughout the day. The Dow and S&P moved in a narrow range and hugged the flat line, while the Nasdaq drifted steadily higher and added nearly 1% by the close of trade. ECONOMIC EVENTS: In the U.S., the Chicago Fed national activity index fell to 0.14 in October, versus expectations for a reading of 0.33. Markit's services PMI fell to 56.3 in the flash reading for November, versus expectations for a slight increase to 57.3 from its prior reading of 57.1. The Dallas Fed manufacturing index was steady at 10.5 in November, versus expectations for a 9.0 reading. Overseas, the euro area’s largest economy, Germany, saw a business climate index advance to 104.7 in November from 103.2 in October, beating economists' prediction for a decline to a reading of 103. COMPANY NEWS: Apple (AAPL) had a role in the Nasdaq's outperformance, as the tech giant climbed after a number of research firms, including Susquehanna, Cantor and KGI Research, were upbeat on the outlook for the company's performance during the holiday season. The iPhone maker's stock rose $2.15, or 1.85%, to close at $118.62 to close just below the 52-week high of $118.77 it hit late in the session... United Technologies (UTX) fell $1.51, or 1.37%, to $108.79 after the Dow member announced that Louis Chenevert had retired as Chairman and CEO, effective immediately. The company reaffirmed its expectations for 2014 earnings per share and sales, but provided little information regarding the abrupt exit of the executive. MAJOR MOVERS: Among the notable gainers was Prosensa (RNA), which surged $7.16, or 62.59%, to $18.60 after the small drugmaker agreed to be acquired by larger BioMarin (BMRN). After the deal announcement BioMarin shares also rose $2.11, or 2.46%, to $87.94, while Sarepta Therapeutics (SRPT), which is working on a Duchenne muscular dystrophy treatment to rival Prosensa's, advanced 88c, or 5.59%, to $16.61. Also higher was Cimatron (CIMT), which jumped $2.57, or 42.27%, to $8.65 after 3D Systems (DDD) agreed to buy the company for approximately $97M, or $8.97 per share, in cash. Among the noteworthy losers was Ring Energy (REI), which fell $1.28, or 9.54%, to $12.14 after Canaccord downgraded the stock to Hold from Buy, citing the the recent decline in crude oil prices and the potential need for the company to raise capital. Also lower were shares of Potash (POT), which fell $2.23, or 6.09%, to $34.40, and Mosaic (MOS), which slid $1.75, or 3.71%, to $45.46 after Russia's Uralkali, the world's largest potash producer, was reported to be set to start repair work at part of its damaged mine. INDEXES: The Dow added 7.84, or 0.04%, to 17,817.90, the Nasdaq rose 41.92, or 0.89%, to 4,754.89, and the S&P 500 gained 5.91, or 0.29%, to 2,069.41.
12:59 EDTDDDOn The Fly: Midday Wrap
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12:31 EDTSSYSMakerBot, Staples in pact to sell MakerBot 3D products
MakerBot, a subsidiary of Stratasys (SSYS), and Staples (SPLS) announced that MakerBot Replicator 3D Printers and MakerBot Digitizer Desktop 3D Scanners are now available in 50 select Staples retail stores across 18 states. MakerBot is Staples’ exclusive provider in-store of 3D printing hardware, with premium in-store experiences to showcase the entire MakerBot 3D Ecosystem. This partnership makes Staples the exclusive office supply company to offer MakerBot 3D printing and scanning products in the store.
09:23 EDTDDDOn The Fly: Pre-market Movers
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05:34 EDTDDD3D Systems to acquire Cimatron for $8.97 per share
3D Systems (DDD) and Cimatron (CIMT) announced a definitive agreement under which 3DS will acquire all of the outstanding shares of Cimatron for $8.97 per share in cash, subject to certain adjustments for Cimatron transaction expenses, for a total of approximately $97M, inclusive of its net cash. The boards of both companies have unanimously approved the proposed transaction. The companies expect the transaction to close in 1Q15.
November 23, 2014
14:29 EDTVJET, XONE, SSYS, DDD3D printing draws regulatory scrutiny as its applications spread, FT says
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November 20, 2014
12:00 EDTVJET, DDD, SSYS, XONEAnalyst sees new competition shaking up 3D printing market
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07:33 EDTSSYS, VJET, XONE, DDD3D Systems likely to lower prices amid new competition, says Jefferies
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November 19, 2014
16:32 EDTSSYSStratasys appoints ex-Hewlett-Packard Chris Morgan as CMO
Stratasys (SSYS) appointed Chris Morgan as Senior VP and Chief Marketing Officer for Stratasys. Morgan is a 25-year veteran of HP (HPQ).
10:25 EDTXONEOptions with decreasing implied volatility
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November 18, 2014
10:20 EDTXONEOptions with decreasing implied volatility
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November 17, 2014
13:12 EDTDDD, SSYS, VJET3D Systems rises after insider buy, Voxeljet slips after downgrade
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12:29 EDTVJETVoxeljet downgraded to Market Perform at Cowen
Cowen downgraded Voxeljet to Market Perform from Outperform citing the company's larger than expected Q3 loss and reduced 2014 outlook. The firm cut its price target for shares to $13 from $22.
12:20 EDTVJETVoxeljet downgraded to Market Perform from Outperform at Cowen
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10:38 EDTSSYSStratasys announces partnership with Martha Stewart Living Omnimedia
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09:57 EDTDDD3D Systems up 3.5% in early trading following Chairman stock purchase
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November 14, 2014
15:12 EDTVJETVoxeljet management to meet with Piper Jaffray
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10:10 EDTDDDOptions with decreasing implied volatility
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08:33 EDTXONEExOne momentum may improve in 2015, says Oppenheimer
After ExOne reported weaker than expected Q3 results, Oppenheimer says the company was confident that its performance will improve in Q4. The firm thinks that ExOne's 2015 guidance looks conservative, while the company's momentum may improve significantly in 6-12 months. It keeps an Outperform rating on the shares.
08:20 EDTXONEExOne price target lowered to $37 from $45 at FBR Capital
FBR Capital lowered its price target for ExOne shares to $37 saying deferrals impacted the company's Q3 results. The firm keeps an Outperform rating on the stock.
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