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Stock Market & Financial Investment News

News Breaks
February 12, 2014
09:15 EDTDE, FEYE, CROX, DVA, JIVE, RLOC, WCG, TRIP, ACO, PNK, ETRM, GMCR, OC, DPS, VTUSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Deere (DE), up 1.5%... Dr Pepper Snapple Group (DPS), up 1.8%... Owens Corning (OC), up 11%... Pinnacle Entertainment (PNK), up 5%... DaVita (DVA), up 5.7%. ALSO HIGHER: EnteroMedics (ETRM), up 12.5% after announcing FDA Advisory Committee meeting date for Maestro System... AMCOL (ACO), up 12.5% after announcing merger with Imerys in $41 per share transaction valued at about $1.6B... TripAdvisor (TRIP), up 4.5% after earnings, upgrade at RBC Capital... Crocs (CROX), up 5.9% after upgrade at Piper Jaffray. DOWN AFTER EARNINGS: WellCare Health Plans (WCG), down 6.6%...ReachLocal (RLOC), down 17%... Jive Software (JIVE), down 6.7%... FireEye (FEYE), down 5.5%. ALSO LOWER: Green Mountain (GMCR), down 1.5% following downgrade at Longbow... Ventrus (VTUS), down 63.7% after Phase 3 trial of Diltiazem showed no significant difference to placebo.
News For DE;DPS;OC;GMCR;ETRM;PNK;ACO;TRIP;WCG;RLOC;JIVE;DVA;CROX;FEYE;VTUS From The Last 14 Days
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July 16, 2014
13:06 EDTFEYEIT security stocks advance after upbeat Goldman note
Shares of a number of IT security stocks are rallying after Goldman Sachs wrote that it was upbeat on the sector in a note to investors today. WHAT'S NEW: Goldman Sachs analyst Matthew Niknam assumed coverage of the Security Software sector with an Attractive rating. Cyber threats have become larger and more costly, so many companies are increasing the amount of money they spend on IT security, Niknam wrote. Spending on security is increasing by the highest rate since 2010, the analyst estimated. Companies in the sector should see their free cash flow growth accelerate, while cash rich tech companies could become interested in carrying out M&A transactions with security vendors, the analyst predicted. Additionally, more mature companies in the sector should be able to buy back more of their shares going forward, Niknam believes. He identified Palo Alto (PANW) as his top pick in the space, as he believes that the company provides "the most unique blend of disruptive long-term growth and accelerating profitability." The company is poised to gain additional market share, while its growth going forward should beat expectations, Niknam stated. He raised his price target on the shares to $97 from $91 and kept a Conviction List-Buy rating on the stock. Meanwhile, the analyst upgraded another stock in the sector, FireEye (FEYE), to Buy from Neutral after assuming coverage of the shares. The company's status as the market leader in fighting Advanced Persistent Threats, or APTs, leaves it well-positioned in the current market, he contended. An IT survey indicates that most respondents plan to increase their APT-related spending, and 59% of the respondents say they plan to spend more money on solutions from a new vendor, Niknam reported. Furthermore, FireEye's revenue growth likely accelerated in Q2 and its revenue should beat expectations in 2014 and 2015, while the company's free cash flow should come in above consensus levels next year, Niknam predicted. FireEye may eventually be acquired by another company, according to Niknam, who raised his price target on the shares to $42 from $36. WHAT'S NOTABLE: Niknam initiated coverage of Proofpoint (PFPT) with a Buy rating as he predicted that the company's growth and free cash flow would beat expectations in the near-term and he believes that the company could also become a takeover target. The analyst started coverage of Fortinet (FTNT) with a Neutral rating. PRICE ACTION: In early afternoon trading, Palo Alto climbed 3% to $78.36, FireEye rose 3.5% to $34.99, Proofpoint climbed 3.6% to $34.46, and Fortinet rose 1% to $24.24.
09:23 EDTFEYEOn The Fly: Pre-market Movers
HIGHER: Time Warner (TWX), up 15% after company confirmed that it rejected an $80B takeover offer from 21st Century Fox (FOX, FOXA), as had been reported earlier this morning... Apple (AAPL), up 2% after announcing an enterprise mobile partnership with IBM (IBM), which is also up 2%... International Game (IGT), up 9.5% after agreeing to be acquired by GTECH for $4.7B in cash and stock... FireEye (FEYE), up 5% after shares upgraded at Goldman... Precision Drilling (PDS), up 4% after announcing strategic agreement with Schlumberger (SLB), upgraded at Deutsche Bank... Mellanox (MLNX), up 4.7% following upgrade at Jefferies. UP AFTER EARNINGS: Intel (INTC), up 5.4%... HCA Holdings (HCA), up 6%... Textron (TXT), up 3.2%... Abbott (ABT), up 1%. DOWN AFTER EARNINGS: PNC Financial (PNC), down 2.5%... MGIC Investment (MTG), down 3.6%. LOWER: Yahoo (YHOO), down 3% after downgraded at CRT Capital following second quarter earnings report... Ares Capital (ARCC), down 2.5% after filing to sell 11.85M shares of common stock... Nationstar (NSM), down 2.4% after downgraded at Wells Fargo... Walter Investment (WAC), which was also downgraded at Wells Fargo, down 1.6%.
05:47 EDTFEYEFireEye assumed with a Buy from Neutral at Goldman
Goldman upgraded FireEye to Buy after assuming coverage of the stock and raised its price target for shares to $42 from $36. Goldman believes FireEye is positioned as the market leader in battling Advanced Persistent Threats.
July 15, 2014
03:22 EDTRLOCDiscovery Group lowers stake in ReachLocal to 4.2% from 5.3%
July 14, 2014
16:52 EDTRLOCDiscovery Group lowers stake in ReachLocal to 4.2% from 5.3%
10:00 EDTTRIPOn The Fly: Analyst Downgrade Summary
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07:06 EDTVTUSVentrus becomes Assembly Biosciences
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05:57 EDTTRIPTripAdvisor downgraded to Neutral from Buy at Nomura
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July 11, 2014
14:23 EDTDELatest USDA report still suggests lower crop cash receipts, says Wells Fargo
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10:04 EDTDEDeere June sales trends relatively weak, says Wells Fargo
Wells Fargo said that Deere underperformed the industry's weak tractor sales in the U.S. and Canada in June, but that its combine sales outperformed, noting that the monthly data was likely influenced by difficult year-over-year comparisons. The firm continues to believe that large ag equipment demand will weaken this year and next and keeps its Underperform rating on Deere.
08:04 EDTPNKPinnacle Entertainment sees unusual expense items of $8M-$10M in Q2
Pinnacle Entertainment expects Q2 consolidated adjusted EBITDA and income from continuing operations to include unusual expense items that aggregate to a range of $8M-$10M. The unusual expense items relate to the rollout out of the company's mychoice player loyalty program at its Ameristar branded properties, Colorado lobbying expenses, and severance expense.
06:10 EDTTRIPJPMorgan expects solid Q2 results in Internet space
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05:10 EDTDEDeere: June U.S./Canada utility tractor retail sales flat
Deere says June U.S./Canada row-crop tractor retail sales down more than industry; June U.S./Canada 4WD tractor retail sales down more than industry; June U.S./Canada combines retail sales down double digits, less than the industry. Information from slides presentation.
July 10, 2014
08:51 EDTTRIPTripAdvisor volatility increases into Q2 and revenue outlook
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07:11 EDTWCGAetna, WellPoint top large-cap Managed Care picks at Jefferies
Jefferies calls Aetna (AET) and WellPoint (WLP) its favorite large-cap picks in the Managed Care space, with Health Net (HNT) its favored name in the small to mid-cap space. The firm believes the market is already expecting strong Q2 results from the sector, and it downgraded UnitedHealth (UNH) to Hold from Buy on valuation and below-peer earnings growth. Jefferies has Buy ratings on Aetna, Health Net, Molina Healthcare (MOH) and WellPoint.
06:23 EDTWCGHealth insurers moving away from fee for service model, NY Times reports
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July 9, 2014
07:05 EDTGMCRKeurig now exclusive manufacture of Harris Teeter K-Cup packs
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July 8, 2014
10:54 EDTFEYEFireEye volatility flat on wide price movement
FireEye July call option implied volatility is at 60, August is at 67, September is at 62; compared to its 26-week average of 68 according to Track Data, suggesting non-directional price movement.
06:54 EDTDEDeere management to meet with Deutsche Bank
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05:55 EDTGMCRStocks with implied volatility movement; TSLA GMCR
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