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Stock Market & Financial Investment News

News Breaks
February 22, 2013
13:23 EDTDGIT, QLIK, APO, SODA, ARUNStocks with decreasing implied volatility: DGIT QLIK APO SODA ARUN
News For DGIT;QLIK;APO;SODA;ARUN From The Last 14 Days
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October 24, 2014
16:54 EDTSODAMarket ends week higher as Apple leads list of earnings winners
Stocks ended the week higher as stronger than expected economic data and upbeat results from a number of companies lifted shares. MACRO NEWS: In the U.S., existing home sales for September and leading economic indicators for the month beat expectations, while weekly jobless claims were roughly in-line with expectations. Markit's “flash” manufacturing Purchasing Managers' Index for October came in at 56.2, versus the consensus forecast for a 57.0 reading... China reported that its GDP rose 7.3% in Q3, above the 7.2% growth expected by economists. HSBC's flash PMI inched up to 50.4 from a final reading of 50.2 in September, beating the consensus forecast for a 50.3 reading. The Asian country said that its industrial production jumped 8% versus the year earlier, easily beating the anticipated 7.5% increase... A euro zone purchasing managers' index increased to 52.2 in October from 52 in September. Most analysts had expected the index to decline modestly. COMPANY NEWS: Apple (AAPL), Microsoft (MSFT), Harley-Davidson (HOG), Yahoo (YHOO), Caterpillar (CAT), diversified manufacturer 3M (MMM) and chip maker Broadcom (BRCM) were among the companies that reported higher than expected profits. Conversely, the bottom lines of IBM (IBM), McDonald's (MCD), Verizon (VZ), AT&T (T), and Angie's List (ANGI) missed expectations... Shares of Amazon (AMZN) fell after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its quarterly report, while a number of others cut their price targets on the shares... Boeing (BA) reported stronger than expected results and raised its full year core EPS guidance, but its stock fell as the airplane maker reduced its full year operating cash flow guidance... Pandora's (P) shares tumbled after the company's Q3 results beat expectations, but its total listener hours declined in Q3 versus Q2... Shares of drug maker Biogen Idec (BIIB) fell after the Q3 sales of its flagship multiple sclerosis treatment, Tecfidera, came in below expectations. Additionally, Biogen reported that one of the patients taking the drug had died after contracting a disease previously linked to MS treatments... BlackBerry (BBRY) rallied following renewed rumors that Chinese computer maker Lenovo (LNVGY) is looking to buy the smartphone maker... At home soda machine maker SodaStream (SODA) rallied after the company said that it would test making some of PepsiCo's (PEP) brands available on its machines. INDEXES: For the week, the Dow gained 2.58% to close at 16,805.41, the S&P 500 rose 4.12% to close at 1,964.58, and the Nasdaq advanced about 5.28% to close at 4,483.71.
16:20 EDTSODAOn The Fly: Closing Wrap
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12:49 EDTSODAOn The Fly: Midday Wrap
Stocks on Wall Street opened relatively quietly, with investors cautious given the way the market closed yesterday following the report a NYC doctor had the Ebola virus. As the morning progressed investors became more emboldened and pushed the market higher, leaving the major averages near their highs at midday. ECONOMIC EVENTS: In the U.S., a report on new home sales showed that they inched up 0.2% to a 467K rate in September, but August was revised much lower. COMPANY NEWS: Shares of Amazon (AMZN) fell 7.5% after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its report, while a number of others cut their price targets on the shares... Procter & Gamble (PG) rose 3% after the company's Q1 core EPS matched estimates and it announced plans to exit the Duracell personal power business. P&G noted that while no decision has been made on the form of the exit, the company’s current preference is a split-off of the Duracell business into a stand-alone company. MAJOR MOVERS: Among the notable gainers was were Edwards Lifesciences (EW), which rose 11% following the company's "beat and raise" report. Also higher was SodaStream (SODA), which jumped 14% after confirming that it has entered into an agreement with PepsiCo (PEP) specifically focused on a small-scale, limited time test to make certain of PepsiCo’s brands available for use on the company’s at-home beverage system. Among the noteworthy losers was Pandora (P), which dropped 15% after reporting quarterly results that included a sequential drop in listener hours. Also lower was Abercrombie & Fitch (ANF), which fell 5.5% after Goldman Sachs downgraded the stock to a Sell rating in a note to investors. INDEXES: Near midday, the Dow was up 86.67, or 0.52%, to 16,764.57, the Nasdaq was up 16.36, or 0.37%, to 4,469.15, and the S&P 500 was up 8.86, or 0.45%, to 1,959.68.
11:55 EDTSODASodaStream up 18% after confirming 'small-scale' PepsiCo deal
11:54 EDTSODASodaStream confirms 'small-scale' PepsiCo agreement
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11:44 EDTSODASodaStream, PepsiCo tests 'very small scale,' CNBC's Dominic Chu says
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11:25 EDTSODASodaStream said to test PepsiCo branded products, Bloomberg reports
Bloomberg cites industry newsletter Beverage Digest on SodaStream's (SODA) planned test of PepsiCo (PEP) products in Florida. PepsiCo is looking at various in-home platforms, Bloomberg cites Beverage Digest as having reported.
10:29 EDTQLIKOptions with decreasing implied volatility
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09:36 EDTQLIKActive equity options trading on open
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09:02 EDTQLIKQlik Technologies appears to have turned corner, says Pacific Crest
Pacific Crest believes that Qlik reported strong Q3 results, and it identifies the stock as one of its top ideas for 2015. The firm expects the company's growth and margin to improve, and it keeps a $36 price target and Outperform rating on the shares.
08:06 EDTAPOExpress Energy Services agrees to be acquired by Apollo Funds
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08:03 EDTQLIKAmerisourceBergen selects Qlik Technologies for enterprise deal
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October 23, 2014
18:52 EDTQLIKOn The Fly: After Hours Movers
UP AFTER EARNINGS: Rubicon Project (RUBI), up 19.2%... KLA-Tencor (KLAC), up 15.8%... Gigamon (GIMO), up 13.5%... Maxwell (MXWL), up 11.3%... Qlik Technologies (QLIK), up 9.8%... NetSuite (N), up 5.5%... Microsoft (MSFT), up 3.3%... Juniper Networks (JNPR), reverses in after-hours trading and is up 1.4% after reporting third quarter results and announcing a $1.1B increase to the company's share repurchase authorization. ALSO HIGHER: Vitae Pharmaceuticals (VTAE), up 38.6% following positive top-line results from two Phase 1 clinical trials of BI1181181/VTP-37948... Pfizer (PFE), up 1.8% after announcing a new $11B share repurchase program. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 10.7%... Synaptics(SYNA), down 12.7%... Pandora (P), down 6.8%... Lattice Semiconductor (LSCC), down 5.6%... Maxim Integrated (MXIM), down 5.8%. ALSO LOWER: DryShips (DRYS), down 16.5% after filing an automatic common stock shelf... NPS Pharmaceuticals (NPSP), down 7.9% following PDUFA date for Natpara extended three months to January 24... GoPro (GPRO), down 2.8% after being initiated with an Underperform at Oppenheimer.
16:22 EDTQLIKQlik Technologies sees FY14 EPS 18c-22c, consensus 25c
Sees FY14 revenue $550M-$555M, consensus $550.5M.
16:21 EDTQLIKQlik Technologies sees Q4 EPS 26c-30c, consensus 34c
Sees Q4 revenue $176M-$181M, consensus $183.88M.
16:20 EDTQLIKQlik Technologies reports Q3 EPS 1c, consensus 0c
Reports Q3 revenue $131.3M, consensus $124.1M.
15:30 EDTQLIKNotable companies reporting after market close
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08:57 EDTSODASodaStream weekly volatility increases into Q3 and outlook
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October 21, 2014
10:50 EDTSODASodaStream long idea reiterated by Tilson at Robin Hood, Bloomberg reports
October 13, 2014
05:32 EDTAPOApollo Credit launches retail sector investment JV
Funds managed by affiliates of Apollo Global Management announce the launch of Alteri Investors, a new joint venture focused on financing opportunities arising across performing, stressed and distressed retail sector situations in Europe. Structured as a partnership between funds managed under Apollo’s credit business and a team led by former GA Europe CEO Gavin George, Alteri will initially focus on the United Kingdom and Germany and expects to invest in retailers through both debt and equity transactions, typically in the GBP 10M-GPB 50M range, with additional capacity for larger transactions. Alteri will also seek to lend to retailers directly, providing flexible asset-based financing, either in a senior or second-lien capacity. In addition to the scale, resources and capital funding that Apollo Credit expects to contribute to Alteri, the Joint Venture will draw upon the experience of Alteri Advisors, which comprises a team of highly experienced professionals, drawn in part from the former GA Europe business under the leadership of Gavin George.

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