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Stock Market & Financial Investment News

News Breaks
June 10, 2014
16:28 EDTEHTH, AGN, RCPT, COUP, FB, INO, VRX, EBAYOn The Fly: Closing Wrap
Stocks on Wall Street began the day slightly below the flat line and remained there for most of the session, before a late move higher allowed the Dow to run its recent winning streak to another day, though just barely. Economic reports from at home and abroad, which included wholesale trade data in the U.S. and inflation data from China, had little effect on the market, which seemed content to spend the session drifting. The Dow and S&P 500 stand just short of major round-number milestones, but both will have to wait at least another day to see if they can be reached. ECONOMIC EVENTS: In the U.S., wholesale inventories rose 1.1% in April, with sales up 1.3%, which were both better than forecast. The JOLTS report showed job openings climbed 289K to 4.46M in April. In China, official data showed an index of consumer prices rose 2.5% year-on-year in May, while China's producer price index contracted 1.4% during the month. COMPANY NEWS: Shares of eBay (EBAY) closed down $1.33, or 2.68%, to $48.25 after the company announced last night that PayPal President David Marcus is leaving the company to lead Facebook’s (FB) messaging products. Facebook shares reacted positively to the executive hiring, rising $2.89, or 4.6%, to $65.77... Allergan (AGN) once again rejected Valeant (VRX), saying that the higher takeover bid it made in concert with Bill Ackman's hedge fund Pershing Square still "substantially undervalues the company [and] creates significant risks and uncertainties for the stockholders of Allergan." Further, Allergan said its board has "serious concerns" about the large stock component of the proposal and that the latest Valeant offer does not warrant talks between the companies. Following the latest reproach, BMO Capital said it believes the fight between the two is still in the "early innings" and could last well into 2015. Shares of Allergan slipped $1.06, or 0.65%, to $163.09, while Valeant fell $1.08, or 0.85%, to $125.55. MAJOR MOVERS: Among the notable gainers was hepatitis C treatment maker Achillion (ACHN), which surged $3.54, or 83.29%, to $7.79 after the company announced today that it had received favorable news from the FDA about resuming certain clinical trials. Achillion's advance comes on top of its 47% move higher yesterday after Merck (MRK) announced that it would acquire another company in the HCV drug space at a significant premium. Also higher was Receptos (RCPT), which jumped $10.74, or 36.78%, to $39.94 after the company reported phase 2 data for its SIPI modulator that firms Leerink and BMO Capital both viewed positively. Among the noteworthy losers was Inovio Pharmaceuticals (INO), which fell $1.44, or 13.36%, to $9.34 after TheStreet's Adam Feuerstein speculated that the company already has data in hand for its phase II study of its vaccine for cervical pre-cancerous lesions and warned of "red flags" related to the company's CEO "walking back expectations" ahead of a potential disclosure that the trial was not a success. Also lower were shares of eHealth (EHTH), which fell $5.09, or 13.05%, to $33.91 after Jefferies downgraded the stock to Hold and lowered its price target for shares to $40 from $62, citing less confidence in the company's Exchange opportunity following management comments at the firm's conference. Another stock moving lower following a downgrade was Coupons.com (COUP), which dropped $2.95, or 10.6%, to $24.88 after Goldman downgraded the shares to Sell from Neutral. INDEXES: The Dow was up 2.82, or 0.02%, to 16,945.92, the Nasdaq was up 1.75, or 0.04%, to 4,338.00, and the S&P 500 was down 0.48, or 0.02%, to 1,950.79.
News For EBAY;FB;AGN;VRX;COUP;EHTH;INO;RCPT From The Last 14 Days
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January 27, 2016
16:08 EDTFBFacebook reports monthly active users up 14% year-over-year
Facebook reports Daily active users were 1.04B on average for December 2015, an increase of 17% year-over-year. Reports Mobile DAUs were 934M on average for December 2015, an increase of 25% year-over-year. Reports Monthly active users were 1.59B as of December 31, 2015, an increase of 14% year-over-year. Reports Mobile MAUs were 1.44B as of December 31, 2015, an increase of 21% year-over-year
16:07 EDTEBAYeBay drops after results
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16:06 EDTFBFacebook reports Q4 EPS 79c, consensus 68c
Reports Q4 revenue $5.84B, consensus $5.37B.
16:06 EDTEBAYeBay sees FY16 adjusted EPS $1.82-$1.87, consensus $1.98
Sees FY16 revenue $8.5B-$8.8B, consensus $8.99B.
16:06 EDTEBAYeBay sees Q1 adjusted EPS 43c-45c, consensus 48c
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16:05 EDTEBAYeBay reports Q4 active buyer base up 5% to 162M
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16:02 EDTEBAYeBay reports Q4 adjusted EPS 50c, consensus 50c
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16:01 EDTFBOptions Update; January 28, 2016
iPath S&P 500 VIX Short-Term Futures up 1.02 to 26.01. Option volume leaders: AAPL FB BAC NFLX FCX BABA AA X VZ BA T
14:34 EDTFB, EBAYNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 68c... Qualcomm (QCOM), consensus 90c... Texas Instruments (TXN), consensus 69c... McKesson (MCK), consensus $3.13... PayPal (PYPL), consensus 35c... Las Vegas Sands (LVS), consensus 65c... eBay (EBAY), consensus 50c... Crown Castle (CCI), consensus $1.10... Vertex (VRTX), consensus 17c... Discover (DFS), consensus $1.30... SanDisk (SNDK), consensus 89c... ServiceNow (NOW), consensus 8c... Lam Research (LRCX), consensus $1.43... Citrix Systems (CTXS), consensus $1.19... Hologic (HOLX), consensus 42c... Juniper (JNPR), consensus 59c... Cavium (CAVM), consensus 28c... Cirrus Logic (CRUS), consensus 81c.
14:33 EDTEBAYeBay January weekly 27 straddle priced for 7% movement into Q4
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14:08 EDTFBFacebook January weekly 97 straddle priced for 6.2% movement into Q4
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14:06 EDTFBFacebook January weekly volatility increases into Q4 and outlook
Facebook January weekly call option implied volatility is at 99, February is at 42, March is at 40; compared to its 52-week range of 20 to 54, suggesting large near term price movement into the expected release of Q4 results today after the market close.
12:36 EDTFBEarnings Watch: Analysts expect Facebook to report strong Q4 results
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12:29 EDTEBAYEarnings Watch: eBay to report Q4 earnings following 2015 holiday season
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09:32 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL FB AMZN AAL BAC PCLN NFLX MRK GOOG
09:29 EDTFBFacebook data center project supported by telco heavyweights, FT reports
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07:49 EDTEBAYEBay volatility elevated into Q4 and outlook
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06:59 EDTFBOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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06:32 EDTFBFacebook volatility increases into Q4 and outlook
Facebook January weekly call option implied volatility is at 94, February is at 46, March is at 40; compared to its 52-week range of 20 to 54, suggesting large near term price movement into the expected release of Q4 results today after the market close.
05:44 EDTFBTwitter's Kevin Weil to be named Head of Product at Instagram, Re/code reports
Twitter's (TWTR) former VP of product Kevin Weil is expected to be named Head of Product at Instagram, which is owned by Facebook (FB), Re/code reports, citing multiple sources. According to the sources, Weil was recruited by Instagram "for months" before announcing that he would exit Twitter late Sunday night. Reference Link
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