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Stock Market & Financial Investment News

News Breaks
July 2, 2014
06:14 EDTDDD, VJET, SSYS3D Systems an unlikely acquisition target, says Citigroup
Citigroup attributes yesterday’s rally in the 3D printing space to M&A speculation following 3D Systems' (DDD) non-participation at an investor conference, positive news flow around 3D bio-printing, and 3D Systems announcing its Q2 earnings date, removing the likelihood of a preannouncement. Citi does not believe 3D Systems is a realistic takeover candidate given its $7B market cap, but it think the company's Q2 is on track. The firm says the recent rally in shares of 3D might be overdone. Citi expects shares of Voxeljet (VJET) to give back some of their recent gains and believes the "more gradual" rise of Stratasys (SSYS) is more sustainable. The firm has Neutral ratings on 3D and Voxeljet and a Buy rating on Stratasys.
News For DDD;VJET;SSYS From The Last 14 Days
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August 13, 2014
17:12 EDTVJETVoxeljet reports Q2 EPS EUR(38c) vs. EUR(24c) a year ago
Reports Q2 revenue EUR2.73M vs. EUR2.09M a year ago.
11:56 EDTDDDStocks with call strike movement; JCP DDD
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10:29 EDTSSYSStratasys management to meet with Brean Capital
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08:49 EDTDDD3D Systems acquires APP, APM, terms not disclosed
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August 12, 2014
08:37 EDTDDD3D Systems adds 200K square foot manufacturing facility in South Carolina
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August 8, 2014
17:10 EDTSSYSMarket finishes week up slightly as earnings offset by political events
Stocks finished the week fractionally higher than where they started as strong corporate earnings reports and better than expected economic data was weighed against concerns about geopolitical issues and negative M&A news. MACRO NEWS: A few ongoing geopolitical conflicts worried investors and weighed on shares. Russia unveiled sanctions against Western countries, banning the import of a wide range of food items from the U.S, the EU and a few allied countries in response to sanctions recently enacted against it from G7 nations... President Obama authorized the bombing of rebels in Iraq and Hamas and Israel failed to reach a permanent truce... An ISM services index, the U.S. trade deficit for June, and weekly jobless claims were all better than expected. Meanwhile, the increase in unit labor costs last quarter came in below the consensus outlook, perhaps easing fears that the Fed will need to raise interest rates sooner than expected. COMPANY NEWS: On the M&A front, two huge potential deals fell through as 21st Century Fox (FOX, FOXA) withdrew its offer to acquire Time Warner (TWX) and Sprint (S) reportedly decided to end its pursuit of a merger with peer T-Mobile (TMUS)... President Obama indicated that his administration would take unilateral steps in an effort to prevent companies from carrying out tax inversion acquisitions. Among the deals or possible transactions that involve inversion are Medtronic's (MDT) acquisition of Covidien (COV), Valeant's (VRX) proposed takeover of Allergan (AGN) and Mylan's (MYL) acquisition of Abbott's (ABT) developed markets branded generics pharmaceuticals business. Meanwhile, Walgreen's (WAG) stock tumbled after the U.S. company said it would not structure its takeover of European drugstore chain Alliance Boots as a tax inversion deal... 21st Century Fox, 3D printer maker Stratasys (SSYS), chip maker NVIDIA (NVDA), brewer Molson Coors (TAP), and luxury accessories maker Coach (COH) all rose following their earnings reports. Conversely, Target (TGT), luxury accessories maker Michael Kors (KORS) and Internet coupon provider Groupon (GRPN) fell following their results or guidance... Gannett (GCI) struck a deal to acquire the remaining 73% interest in Classified Ventures, whose primary asset is the online car shopping website Cars.com, for $1.8B from the other partners in the venture, which include McClatchy (MNI), Tribune Media (TRBAA), Graham Holdings (GHC) and A. H. Belo (AHC). Gannett also announced plans to spin-off its Publishing business, which includes USA Today, through a tax-free distribution to shareholders... McDonald's (MCD) stock was little changed after the company reported that its comparable store sales fell 2.5% in July, which was significantly worse than expected. Food quality issues weighed on the fast food company's sales in Asia and as a result of the China supplier issue, the company warned its previously issued global comparable sales forecast for 2014 is now at risk. INDEXES: The Dow finished the week up 0.35% to 16,553.93, the S&P 500 rose 0.32% to 1,931.59, and the Nasdaq gained 0.41% to 4,370.90.
10:00 EDTSSYSOn The Fly: Analyst Downgrade Summary
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08:50 EDTSSYSStratasys downgraded to Hold from Buy at Gabelli
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07:58 EDTSSYSStratasys price target raised to $150 form $120 at Canaccord
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07:32 EDTSSYSStratasys price target raised to $135 from $120 at UBS
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05:50 EDTSSYSStratasys price target raised to $145 from $125 at Piper Jaffray
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August 7, 2014
17:06 EDTSSYSOn The Fly: Closing Wrap
Stocks on Wall Street began the session in positive territory and appeared ready to build on yesterday’s gains. There was little to point to as a catalyst, but the early move was likely helped by better than expected initial jobless claims data and an agreement to an extended ceasefire by between Gaza and Israel. The market saw its highs shortly after the open and then began to drift lower. By noon each of the major equity indexes had crossed into negative ground and by mid-afternoon the sellers were in control and renewed the selling trend that has been prevalent in recent sessions. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 14K to 289K in the week ended August 2, versus expectations for 300K new claims. Consumer credit grew by $17.3B in June, versus expectations for it to have increased $18.3B for the month. In Europe, both the European Central Bank and the Bank of England decided to keep their main interest rates unchanged. COMPANY NEWS: 21st Century Fox (FOXA) advanced $1.63, or 5.04%, to $33.96 after the company reported higher than expected fourth quarter earnings and the stock was upgraded to Market Perform from Underperform at Cowen. Chairman and CEO Rupert Murdoch spoke on the company's earnings conference call, which is a bit outside of the recent norm, and said the company's decision to no longer pursue an acquisition of Time Warner (TWX) is "resolute." Chief Operating Officer Chase Carey echoed that the company is "done" as far as Time Warner and added that 21st Century Fox says will not pursue any other content company. MAJOR MOVERS: Among the notable gainers was inContact (SAAS), which gained $1.34, or 17.45%, to $9.02 and was upgraded at Oppenheimer and Benchmark Co. after reporting better than expected Q2 results. Also higher was Stratasys (SSYS), which rose $14.78, or 14.94%, to $113.69 after the company reported stronger than expected second quarter results and raised its guidance. Among the noteworthy losers was Thoratec (THOR), which fell $9.83, or 30.18%, to $22.74 and was downgraded by at least four Street firms following the company's Q2 miss and lowered guidance. Also lower after its earnings report were shares of Coupons.com (COUP), which fell $4.58, or 23.5%, to $14.91. INDEXES: The Dow fell 75.07, or 0.46%, to 16,368.27, the Nasdaq dropped 20.08, or 0.46%, to 4,334.97, and the S&P 500 slipped 10.67, or 0.56%, to 1,909.57.
12:14 EDTDDD, SSYSOn The Fly: Midday Wrap
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11:05 EDTSSYS, DDD3D printer makers advance after Stratasys' beat and raise report
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10:57 EDTSSYSStratasys rallies sharply after results, levels to watch
The stock is up over 20% at time of writing to $118.89. At that price next resistance is at $120.86, the session high, and then at $122.82. Support is at $114.35.
09:08 EDTSSYS, DDDOn The Fly: Pre-market Movers
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07:06 EDTSSYSStratasys ups FY14 EPS view $2.25-$2.35 from $2.15-$2.25, consensus $2.20
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07:03 EDTSSYSStratasys reports Q2 EPS 55c, consensus 45c
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August 6, 2014
11:43 EDTDDDStocks with call strike movement; FSLR DDD
First Solar (FSLR) December 70 call option implied volatility increased 7% to 49, 3D Systems (DDD) November 60 call option implied volatility decreased 3% to 46 according to IVolatility.
09:01 EDTDDD3D Systems acquires Laser Reproductions, details not disclosed
3D Systems announced that it has acquired Laser Reproductions, a provider of advanced manufacturing product development and engineering services, further extending its Quickparts operations in the United States. Details of the transaction were not disclosed. The company welcomes the entire Laser Reproductions team under the continued leadership of Paul Bordner and plans to immediately integrate it into its expanding Quickparts operations.
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