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Stock Market & Financial Investment News

News Breaks
May 13, 2014
09:09 EDTDTV, CALL, FTEK, INSY, HALO, RAX, RDEN, KO, GMCR, T, UBNTOn The Fly: Pre-market Movers
HIGHER: DIRECTV (DTV), up 3.4% after Bloomberg report that AT&T (T) is in talks to acquire the satellite TV operator for about $50B. AT&T shares down 1% following the report... Halozyme Therapeutics (HALO), up 17.5% after reporting first quarter results that narrowly missed expectations and announcing that the Data Monitoring Committee now supports enrollment in the company's PEGPH20 study... Keurig Green Mountain (GMCR), up 6% after Coca-Cola (KO) increases stake in the company to 16%... Ubiquiti Networks (UBNT), up 4% after upgraded at Raymond James.: Rackspace (RAX), up 13% after reporting first quarter results that beat expectations. LOWER: Elizabeth Arden (RDEN), down 21% after reporting quarterly losses, discloses hiring of Goldman Sachs to assist board in exploring potential strategic alternatives. DOWN AFTER EARNINGS: Insys Therapeutics (INSY), down 6%... Fuel Tech (FTEK), down 18%... magicJack (CALL), down 10%.
News For DTV;T;GMCR;KO;RDEN;RAX;HALO;INSY;FTEK;CALL;UBNT From The Last 14 Days
Check below for free stories on DTV;T;GMCR;KO;RDEN;RAX;HALO;INSY;FTEK;CALL;UBNT the last two weeks.
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July 14, 2014
11:17 EDTTDemand Media announces divestiture of Creativebug and CoveritLive
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10:34 EDTTAT&T joint venture acquires Creativebug from Demand Media for $10M
Otter Media, a joint venture between AT&T (T) and The Chernin Group, has acquired Creativebug from Demand Media (DMD), the companies announced earlier. Creativebug offers do-it-yourself video workshops featuring instruction from artists and designers. Demand Media confirmed in a regulatory filing earlier that it completed the sale of substantially all of the assets relating to its Creativebug business for $10.0M in cash. AT&T and The Chernin Group announced the formation of the joint venture to acquire, invest in and launch over-the-top video services previously on April 22.
10:00 EDTRAXOn The Fly: Analyst Upgrade Summary
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09:31 EDTTAT&T, EPIX reach carriage agreement
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08:32 EDTTSynchronoss acquires Voxmobili for $26M in cash
Synchronoss (SNCR) announced its acquisition of Voxmobili, a wholly owned subsidiary of OnMobile Global. Voxmobiliís customers include AT&T (T), Airtel, Everything Everywhere, France Telecom, Orange (ORAN), T-Mobile (TMUS), and Vodafone (VOD). In consideration for the acquisition, Synchronoss paid approximately $26M in cash to OnMobile Global.
08:18 EDTRAXRackspace upgraded to Neutral from Underperform at DA Davidson
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July 11, 2014
15:00 EDTRAXChance of Rackspace strategic buyer lower if CenturyLink out, says Wells Fargo
After BrightWire said that CenturyLink's (CTL) interest in Raxspace (RAX) had faded, Wells Fargo cautioned that it is difficult to judge the validity of sources in "articles such as this." However, Wells added that if CenturyLink is actually out, that the possibility of Raxspace finding a strategic buyer could be "meaningfully" lower. The firm keeps it Outperform rating on Raxspace, citing its fundamentals.
14:08 EDTRAXRackspace drawing 'tepid' interest from potential buyers, BrightWire says
Rackspace (RAX) is receiving a "tepid" response from potential buyers, according to BrightWire, citing three sources familiar with the matter. One industry source said CenturyLink (CTL) made an initial overture, but a banking source said the interest was only casual and soon faded, according to the report. Reference Link
11:31 EDTUBNTOptions with increasing implied volatility
Options with increasing implied volatility: INO AEGR UBNT INVN WTW OREX GNC CREE SD SAN
10:00 EDTHALOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Altria Group (MO) initiated with an Outperform at Cowen... Berkshire Hills Bancorp (BHLB) initiated with a Hold at Jefferies... CGI Group (GIB) initiated with an Outperform at Credit Suisse... Halozyme (HALO) initiated with an Overweight at JPMorgan... Lorillard (LO) initiated with an Underperform at Cowen... MacroGenics (MGNX) initiated with an Outperform at Oppenheimer... Philip Morris (PM) initiated with a Market Perform at Cowen... Prothena (PRTA) initiated with an Outperform at Oppenheimer... Reynolds American (RAI) initiated with a Market Perform at Cowen... Seventy Seven Energy (SSE) initiated with a Buy at Wunderlich... SouFun (SFUN) initiated with a Neutral at Macquarie... Sprouts Farmers Markets (SFM) initiated with a Neutral at Longbow... Sterling Bancorp (STL) initiated with a Buy at Jefferies... Xencor (XNCR) initiated with an Outperform at Oppenheimer... YPF (YPF) initiated with a Neutral at JPMorgan... iGATE (IGTE) initiated with an Outperform at William Blair.
07:26 EDTKOApple, Coke on board with Obama 'SupplierPay' initiative, WSJ says
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05:45 EDTHALOHalozyme initiated with an Overweight at JPMorgan
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July 10, 2014
18:02 EDTRAXWells sees 'shrinking list' of strategic buyers for Rackspace
Wells Fargo sees a "shrinking list" of potential buyers for Rackspace (RAX), with only remaining HP (HPQ) and CenturyLink (CTL) remaining in its opinion. Wells believes Rackspace going private through a leveraged buyout is a possibility, but it thinks such an outcome is a lower probability given the required return assumptions and implied exit multiple. The firm believes the market has correctly assumed a high probability that Rackspace will not undergo a strategic event. However, Wells thinks the potential for a value creating event limits downside in the name. It keeps an Outperform rating on the stock.
13:40 EDTDTVVerizon CEO calls Q2 'strong,' says not interested in satellite company
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July 9, 2014
18:10 EDTRAXHP sources deny bid made for Rackspace, Re/code reports
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15:54 EDTDTV, TDISH expresses concerns over Comcast, AT&T deals to FCC
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15:20 EDTRAXRackspace mentioned positively at Cowen
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09:23 EDTTAT&T exec sees connectivity, healthcare at forefront of wearables, Re/code says
Glenn Lurie, who heads AT&Tís (T) emerging-business efforts, said at the MobileBeat conference that he sees wearables devices needing their own Internet connectivity to take off and that he believes healthcare-focused devices, especially those serving the aging population, as a logical starting place for such devices, according to Re/code. Lurie also predicted that wearables will explode, ďjust like tablets," when a device maker cracks the code to making them easier to use. Reference Link
09:05 EDTINSYInsys Therapeutics management to meet with Oppenheimer
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07:05 EDTGMCRKeurig now exclusive manufacture of Harris Teeter K-Cup packs
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