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Stock Market & Financial Investment News

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May 16, 2014
11:01 EDTDDS, TTWO, CSCO, CA, CHLOptions with decreasing implied volatility: DDS TTWO CSCO CA CHL
Options with decreasing implied volatility: DDS TTWO CSCO CA CHL
News For DDS;TTWO;CSCO;CA;CHL From The Last 14 Days
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August 19, 2014
08:42 EDTCSCOImperva new CEO has history of selling companies, says Sterne Agee
After Imperva (IMPV) appointed Anthony Bettencourt as its new CEO, Sterne Agee says that he has a history of selling companies. The firm believes that Imperva "would likely be an acquisition candidate" for a number of large tech companies such as Cisco (CSC), Juniper (JNPR), HP (HPQ), IBM (IBM), Check Point (CHKP), or F5 (FFIV). Sterne Agee believes that Imperva could be acquired for as much as $45 per share, and it keeps a Buy rating on the stock.
August 15, 2014
17:02 EDTCSCOStocks end week slightly higher despite flare-up in Russian tensions
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16:38 EDTDDSOn The Fly: Closing Wrap
Stocks on Wall Street began the session in positive territory despite some soft economic data points, including a weaker than expected report on manufacturing in the New York area and a lower than expected consumer confidence reading. The market short circuited following reports of a skirmish in the Ukraine where a Russian convoy was supposedly fired upon when it crossed the border. The averages quickly dropped and were only able to partially recover, as investors moved to the sidelines to avoid additional geopolitical risk over the weekend. ECONOMIC EVENTS: The NY Fed's Empire manufacturing survey had a reading of 14.69, versus expectations for a 20.0 reading. The Producer Price Index increased 0.1% overall, matching expectations. The core reading was up 0.2%, which was also in-line with the consensus forecast. Industrial production increased 0.4% in July, beating the consensus 0.2% growth forecast. That nudged up capacity utilization to 79.2%, versus 79.1% previously. The first University of Michigan consumer confidence reading for August fell 2.6 points to 79.2, versus expectations for it to have edged up to 82.0. Treasury international capital data showed foreigners dumped $153.5B in total U.S. assets in July after buying a revised $33.1B in June. COMPANY NEWS: Shares of Monster Beverage (MNST) surged $21.84, or 30.48%, to $93.49 after Coca-Cola (KO) bought a stake in the energy drink maker and the companies announced a long-term strategic partnership and asset swap. Coca-Cola will pay $2.15B for a 16.7% stake in Monster, the companies announced last night. Under the terms of their agreement, Coca-Cola will add two directors to Monster's board. Coke will transfer ownership of its worldwide energy business including brands like NOS, Full Throttle, Burn, Mother, Play and Power Play, and Relentless to Monster, in trade for which Monster will transfer its non-energy business to Coke. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 81c, or 9.6%, to $9.25 after the company announced interim results from an ongoing Phase 2 proxy study of a potential chronic hepatitis C virus regimen that analysts at Piper Jaffray called "impressive." Also higher was Paylocity (PCTY), which advanced $2.17, or 9.79%, to $24.34 after reporting better than expected fourth quarter revenue and guiding to higher than expected sales in its first quarter. Among the noteworthy losers was retailer J.C. Penney (JCP), which fell 24c, or 2.46%, to $9.50 despite posting a narrower than expected loss for the second quarter. Also lower were shares of another department store owner, Dillard's (DDS), which dropped $9.49, or 8.21%, to $106.11 after reporting quarterly results that missed expectations. INDEXES: The Dow dropped 50.67, or 0.3%, to 16,662.91, the Nasdaq gained 11.92, or 0.27%, to 4,464.93, and the S&P 500 slipped 0.12, or 0.01%, to 1,955.06.
10:01 EDTCHLOn The Fly: Analyst Upgrade Summary
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09:10 EDTDDSOn The Fly: Pre-market Movers
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08:01 EDTDDSDillard's reports Q2 EPS 80c, consensus 86c
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06:37 EDTCHLChina Mobile upgraded to Neutral from Underperform at Mizuho
06:01 EDTTTWOJuly NPD video game software sales fell 15%, says Piper Jaffray
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August 14, 2014
16:30 EDTCSCOOn The Fly: Closing Wrap
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12:31 EDTCSCOCisco shares trade lower as company announces 6,000 job cuts
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12:30 EDTCSCOOn The Fly: Midday Wrap
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10:05 EDTCHLOn The Fly: Analyst Upgrade Summary
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09:36 EDTCSCOActive equity options trading on open
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09:31 EDTCHLChina Mobile upgraded to Outperform from Neutral at Credit Suisse
07:47 EDTCSCOCisco price target raised to $33 from $30 at Cowen
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07:34 EDTCSCOCisco price target raised to $29 from $26.50 at UBS
UBS raised its price target on Cisco to $29 from $26.50 following its Q4 results. The firm sees continued momentum in several markets and products and strong cash flow and keeps its Buy rating on Cisco shares.
06:23 EDTCSCOCisco multiple prices in growth potential, says Citigroup
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05:56 EDTCSCOCisco earnings outlook could prove conservative, says Wells Fargo
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05:52 EDTCSCOOpco sees Cicso results as favorable for supply chain
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05:39 EDTCSCOCisco shares have little downside risk, says Piper Jaffray
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