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Stock Market & Financial Investment News

News Breaks
January 15, 2014
11:09 EDTVJET, DDD, XONE, AMAVF, SSYS3D printing sector weak after ExOne cuts guidance
Shares of 3D printer makers are falling after ExOne (XONE) last night preannounced lower than expected 2013 revenue. WHAT'S NEW: ExOne estimated that its 2013 revenue would come in at $40 million-$42 million, down from its previous outlook of $48M. Analysts' consensus estimate was $48.32M. The reduction in ExOne's guidance was caused by delayed sales of machines to its customers in Russia, India, Mexico, and France, according to the company. Despite the reduction in its guidance, the company stated that it had not lost any sales, and expects all of the delayed sales to be completed in the first half of this year. Meanwhile, in slides for a presentation today, 3D Systems stated that it expects to be able to double its revenue "over the next couple of years powered by about 30% organic growth." But the company added that it is willing to tolerate some pressure on its margins and earnings over this period in order to increase its growth and market share. ANALYST REACTION: In a note to investors earlier today, Jefferies analyst Peter Misek wrote that ExOne's revenue miss highlights the risk for smaller companies whose orders tend to be inconsistent. One of the biggest risks faced by small 3D printer makers, including ExOne, VoxelJet (VJET), and Arcam (AMAVF), is that they sell only a few printers at high prices, the analyst added. ExOne's results, however, only reflect on that company, not the entire sector, the analyst added. WHAT'S NOTABLE: Yesterday a major player in the sector, Stratasys (SSYS), preannounced higher than expected fiscal 2014 revenue but lower than expected fiscal 2014 profits, and the shares fell sharply. Misek, however, believes that Stratasys' higher than expected revenue outlook bodes well for 3D Systems (DDD), a major player in the sector. The analyst has Buy ratings on ExOne, Stratasys, and 3D Systems, and Hold ratings on Voxeljet and Arcam. PRICE ACTION: In mid-morning trading, 3D Systems fell 2.6% to $88.80, ExOne tumbled 8% to $57.20, Voxeljet slumped 3.7% to $40.80, Arcam lost 1.5% to $140, and Stratasys added 0.7% to $119.50,
News For DDD;SSYS;XONE;VJET;AMAVF From The Last 14 Days
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April 14, 2014
06:08 EDTSSYSStratasys on growth for earnings expectations in 2014, says JPMorgan
After meeting with the company's CFO, JPMorgan believes Stratasys is on track to meet growth and earnings expectations in 2014. The firm views the stock as attractively valued following the recent pullback and keeps an Overweight rating on the name with a $130 price target. Note Stratasys shares were initiated at Buy this morning at Goldman Sachs.
06:00 EDTDDD3D Systems initiated with a Neutral at Goldman
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06:00 EDTSSYSStratasys initiated with a Buy at Goldman
Target $146.
April 13, 2014
20:20 EDTXONE, VJET, SSYS, DDD3D Systems, other 3-D printing stocks could fall further, Barron's says
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April 11, 2014
13:01 EDTVJETOn The Fly: Midday Wrap
Stocks on Wall Street were lower again at midday, with the Dow being weighed on by a disappointing earnings report from banking giant JPMorgan (JPM). The reports from JPMorgan and peer Wells Fargo (WFC) certainly seemed to have more of an impact on market sentiment than the better than expected University of Michigan consumer confidence reading. ECONOMIC EVENTS: In the U.S., the Producer Price Index jumped 0.5% in March, versus expectations for it to be up 0.1%. The University of Michigan consumer sentiment reading jumped to 82.6 in the preliminary April look, which was better than forecast and its highest reading since July. COMPANY NEWS: JPMorgan and Wells Fargo kicked off earnings season for the major banks, with their stocks moving in opposite directions to mirror their earnings results. Dow member JPMorgan slipped more than 3% after its earnings per share and revenue significantly trailed consensus estimates, while Wells shares gained about 1.5% after the bank's profits beat the consensus forecast. Both noted, however, that their capital levels continued to strengthen during the quarter and both gave optimistic views on their ability to continue to reduce expenses. MAJOR MOVERS: Among the notable gainers was BofI Holding (BOFI), which rose 11% near midday after the company last night announced a deal to acquire H&R Block's (HRB) bank assets. H&R Block shares were down over 2% near noon. Also higher was mobile game maker Zynga (ZNGA), whose shares gained almost 3% after the company announced a new CFO and the stock was upgraded to Equal Weight by analysts at Morgan Stanley. Another gainer, Zygo (ZIGO), jumped 31% after the company agreed to be acquired by Ametek (AME) for $19.25 per share in cash in a deal that represents an aggregate enterprise value of $280M for Zygo. Shares of Ametek also rose 1.5% following the deal announcement. Among the noteworthy losers was 3D-printer maker Voxeljet (VJET), which fell 16% after its 3-million-share secondary offering of common stock priced at $15.00. Also lower was NQ Mobile (NQ), a recent target of noted short-seller Carson Block, which dropped over 13% after its profit missed expectations and the company disclosed that it found accounting errors in its recent reports. INDEXES: Near midday, the Dow was down 81.88, or 0.51%, to 16,088.34, the Nasdaq was down 15.30, or 0.38%, to 4,038.80, and the S&P 500 was down 6.89, or 0.38%, to 1,826.19.
12:00 EDTVJETVoxeljet falls 15.9%
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10:56 EDTVJETOptions with increasing implied volatility: CYTK VJET DATA GRPN CTRP
10:00 EDTVJETVoxeljet falls 13.9%
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09:13 EDTVJETOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Fastenal (FAST), up 3%... Wells Fargo (WFC), up 0.2%. ALSO HIGHER: H&R Block (HRB), up 5% after announcing a deal for BofI (BOFI) to acquire H&R Block's bank assets. Bofi up 9.4% after the deal announcement... Zynga (ZNGA), up 1.7% after naming new CFO, shares upgraded to Equal Weight at Morgan Stanley... SINA (SINA), up 2% after announcing up to $500M share repurchase program. DOWN AFTER EARNINGS: JPMorgan (JPM), down 3.7%... NQ Mobile (NQ), down 14.6%. ALSO LOWER: Gap (GPS), down 4% after reporting March SSS fell 6%, shares downgraded at Janney Capital... Voxeljet (VJET), down 16% after 3M share secondary offering priced at $15.00... Datawatch (DWCH), down 29% after cutting its second quarter revenue outlook.
09:04 EDTDDD3D Systems expands partnership with Canon Marketing Japan
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09:00 EDTVJETVoxeljet falls 16.4%
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06:15 EDTVJETVoxeljet 3M share Secondary priced at $15.00
The deal size was reduced to 3M shares from 4M shares. Piper Jaffray and Citigroup acted as joint book running managers for the offering.
April 10, 2014
16:39 EDTDDDOn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower as selling pressure took hold early in the session and did not relent. The averages closed near their worst levels, with the tech-heavy Nasdaq down more than 3%. With today's close, each of the major indexes is now lower for the year. ECONOMIC EVENTS: In the U.S., initial claims for unemployment benefits fell to 300K last week, hitting their lowest weekly level since May 2007. The the timing of Easter and Passover, as well as other seasonal factors, however, may have lead many to discount the figure. Export prices rose 0.8% in March, while import prices grew 0.6%, both of which were greater than expected advances. In China, exports fell 6.6% from a year earlier in March, while imports plunged 11.3%. Economists had predicted year-over-year gains for both. COMPANY NEWS: eBay (EBAY) and activist investor Carl Icahn settled their proxy contest, with Icahn withdrawing both his two board nominees and his proposal for eBay to spin off its PayPal unit. As part of its agreement with Icahn, eBay will expand the number of independent directors on its board to 10 and add David Dorman to serve in that capacity. The online retail marketplace was among the many tech names suffering losses, closing the session down $1.81, or 3.24%, at $54.08... Ally Financial (ALLY), formerly the auto finance and financial services arm of General Motors (GM), lost $1.02, or 4.08%, to close at $23.98 in its first day of trade following its return to the public markets after having price its return offering at $25.00 per share... General Motors made news again as well by confirming that two of its engineers have been placed on paid leave as part of the company's ongoing ignition switch recall probe. The company also added ignition lock cylinders to its safety recall of 2.2 million vehicles in the U.S. and said it expects to take a $1.3B charge in the first quarter due to recall-related repairs... MAJOR MOVERS: Among the notable gainers was drugstore operator Rite Aid (RAD), which rose 54c, or 8.44%, to $6.94 after reporting earnings and revenue and that beat expectations and giving a revenue outlook for its fiscal 2015 that came in above estimates. Also higher following a better than expected earnings report was casual restaurant owner Ruby Tuesday (RT), which advanced 72c, or 12.08%, to $6.68. Among the noteworthy losers was data security solutions provider Imperva (IMPV), down $21.73, or 43.7%, to $28.00 which plunged 41% after the company slashed its first quarter profit and sales outlook. Another name in computer security, FireEye (FEYE), was among a a number of so-called "momentum" stocks that fell during the session, sliding $6.64, or 11.77%, to $49.75. Other momentum stocks that fell included 3D Systems (DDD), down $5.90, or 10.79%, to $48.78, and Yelp (YELP), down $7.78, or 10.92%, to $63.47. INDEXES: The Dow was down 266.96, or 1.62%, to 16,170.22, the Nasdaq was down 129.79, or 3.1%, to 4,054.11, and the S&P 500 was down 39.10, or 2.09%, to 1,833.08.
April 8, 2014
11:25 EDTDDD3D Systems announces availability of Sense 3D scanner for Mac
3D Systems (DDD) announced earlier the immediate availability of the Sense 3D scanner for Apple's (AAPL) Mac and feature upgrades available with Sense software V1.1. The Sense is the first 3D scanner designed for the consumer and optimized for 3D printing. It is priced at $399.
April 7, 2014
19:05 EDTVJETOn The Fly: After Hours Movers
LOWER: Gigamon (GIMO), down 24% after cutting its first quarter revenue outlook, which the company attributed to one expected large transaction from an existing customer that did not materialize... James River Coal (JRCC), down 44% after filing for Chapter 11 bankruptcy... Trading lower after filing to sell stock were Nordic American Tanker (NAT), down 8.5% after filing to sell 10M common shares, and Voxeljet (VJET), down 4.7% after filing to sell 4M American Depository Shares, including 1M for selling holders.
17:30 EDTVJETVoxeljet files to sell 4M American Depositary Shares
Voxeljet is offering 3M American Depositary Shares, or ADSs, and the selling shareholders are offering 1M ADSs. The company will not receive any proceeds from the sale of ADSs by the selling shareholders. Piper Jaffray and Citigroup are acting as joint book-running managers. Cowen and Stephens are acting as co-managers.
17:04 EDTSSYSStratasys new 3D printing material simulates polypropylene
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16:36 EDTVJETVoxeljet announces proposed public offering of ADSs, no amount given
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11:42 EDTDDDStocks with call strike movement; DDD TSLA
3D Systems (DDD) August 65 call option implied volatility increased 4% to 50, Tesla (TSLA) September 250 call option implied volatility increased 2% to 55 according to IVolatility.
06:22 EDTSSYS, XONE, DDD3-D stocks off to a rough start in 2014, WSJ reports
3-D stocks are off to a rough start this year with 3D Systems (DDD) down 40% and Stratasys (SSYS) down about 19%, the Wall Street Journal reports, but adds that some 3-D stocks remain priced at 50-70 times projected 2014 earnings. Reference Link
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