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Stock Market & Financial Investment News

News Breaks
January 15, 2013
14:56 EDTLNKD, MSFT, IACI, GOOG, YELP, FBFacebook trading lower after event introducing 'Graph Search'
Shares of Facebook (FB), which had been higher throughout the morning, are lower in mid-afternoon trading following the company's event to introduce its new "Graph Search" social search engine. During the event, Facebook demonstrated new social search features planned for its site, which are currently in beta testing and available in limited release, and made clear how the graph search differs in many ways from traditional web search as delivered by Google (GOOG) and others. Facebook did, however, announce that it has partnered with Microsoft's (MSFT) Bing to integrate web searches where appropriate to supplement graph searching. Facebook illustrated ways that the new product could be used to provide user specific answers to challenges like finding restaurants, potential job applicants and prospective dates. Shares of several companies that potentially could be impacted by those features were volatile and moved lower during the event, including Yelp (YELP), LinkedIn (LNKD) and IAC/InterActive (IACI), the owner of Match.com and other dating properties. Following the event, Facebook's stock is down 0.83, or 2.67%, to $30.06, Google is up 50c to $723.75, and Microsoft is up 23c to $27.11. LinkedIn has recovered, and is now up 44c, or 0.4%, to $117.98, while Yelp remains down 1.62, or 7.5%, to $20.31, and IAC/InterActive is down 95c, or 2.2%, to $42.45.
News For FB;GOOG;MSFT;YELP;IACI;LNKD From The Last 14 Days
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August 14, 2015
12:29 EDTFBKing Digital sinks after posting weaker than expected network metrics
Shares of King Digital (KING), an interactive entertainment company for the mobile world, are sinking after the company reported weaker than expected network metrics in the second quarter. WHAT'S NEW: After the close on Thursday, King Digital reported Q2 adjusted earnings per share of 49c and revenue of $500M, ahead of analysts' consensus estimates of 43c and $490.03M, respectively. King reported Q2 total gross bookings of $529M, above the high end of its previously provided guidance range, but down 12% sequentially and 13% year over year. Excluding the impact of changes in foreign exchange rates, King said gross bookings would have decreased by approximately 11% sequentially, and by approximately 6% y/y. King noted that 81%, or $430M, of gross bookings were derived from the mobile audience. The company said "Candy Crush Saga," "Candy Crush Soda Saga" and "Farm Heroes Saga" ranked within the top 10 grossing games in App Store and Play Store in the U.S. during Q2. King said its monthly unique users fell 1% to 340M in Q2, down from 345M last year, while monthly active users were 501M vs. 485M last year; daily active users were 142M in Q2 vs. 138M last year. The company said year-over-year increases in monthly active users and daily active users were primarily due to the introduction of new games, particularly "Candy Crush Soda Saga," partially offset by decline in "Candy Crush Saga" and other more mature games. It said increases also reflect growth in activity from mobile players, partially offset by continued decrease in activity from Facebook (FB) players. WHAT'S NOTABLE: Looking ahead, King Digital said it expects gross bookings in the third quarter of $460M-$485M based on the timing of game releases and recent trends. The company sees fourth quarter bookings "fairly consistent sequentially." ANALYST REACTION: This morning, JPMorgan analyst Doug Anmuth downgraded King Digital Entertainment to Neutral from Overweight citing an elevated risk profile following the company's Q2 results. King's network metrics were weaker than expected while a key component of the company's pipeline, the upcoming mid-core game, is pushed to 2016, Anmuth said. He cut the price target for shares to $17 from $20. PRICE ACTION: In early afternoon trading, King Digital fell $1.81, or 11.84%, to $13.40 on nearly four times its average daily trading volume. Including today's pull back, the shares have lost approximately 3% over the past year. OTHERS TO WATCH: Other companies in the mobile gaming space include Glu Mobile (GLUU), Zynga (ZNGA), Shanda Games (GAME), Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two Interactive (TTWO).
11:24 EDTFBStocks with call strike movement; AAL FB
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10:13 EDTFBAnalyst says Twitter CEO decision could come next week
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09:37 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL TWTR FB NFLX TSLA QIHU JCP BABA BP
09:08 EDTLNKD, GOOGEtsy can keep secrets on Irish unit due to register change, Bloomberg reports
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07:12 EDTMSFTSony's Playstation 4 leads in strong July video game sales, VentureBeat reports
Even though July brought few major video game releases, new game hardware, software, and accessories generated $541.9M at U.S. retailers in the month, up 6% year over year, VentureBeat reports, citing data from NPD Group. Sony's (SNE) Playstation 4 console outsold its competitors' consoles, namely Nintendo's (NTDOY) Wii U and Microsoft's (MSFT) Xbox One, the report says. Reference Link
06:28 EDTMSFTSamsung makes enterprise push with new phones, improved security, WSJ says
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06:21 EDTFBFacebook's Parse open-sources all software development kits
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06:00 EDTGOOGStocks with implied volatility below IV index mean; BIIB GOOG
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August 13, 2015
16:00 EDTFBOptions Update; August 13, 2015
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14:04 EDTGOOGDell, Google launch premium professional Chromebook
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13:02 EDTMSFTFitbit announces new Windows 10 app
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10:46 EDTGOOGGoogle given until August 31 to respond to EU antitrust charges, Reuters reports
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10:00 EDTMSFTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: A. Schulman (SHLM) upgraded to Buy from Accumulate at Global Hunter... American Capital Agency (AGNC) upgraded to Buy from Neutral at Compass Point... Annaly Capital (NLY) upgraded to Buy from Neutral at Compass Point... Aramark (ARMK) upgraded to Outperform at Baird... Bernstein upgrades Yahoo (YHOO), says shares pricing in 'almost' worst case scenario... BreitBurn Energy (BBEP) upgraded to Neutral from Sell at UBS... CAE (CAE) upgraded to Buy from Hold at Desjardins... Capital One (COF) upgraded at Argus... Coca-Cola Enterprises (CCE) upgraded to Outperform from Underperform at CLSA... Community Health (CYH) upgraded to Outperform from Market Perform at Raymond James... EZchip (EZCH) upgraded to Buy from Hold at Brean Capital... Enzymotec (ENZY) upgraded to Outperform from Market Perform at Wells Fargo... Extra Space Storage (EXR) upgraded on positive catalysts at BMO Capital... Green Plains (GPRE) upgraded to Buy from Neutral at Goldman... Legg Mason (LM) upgraded to Overweight from Equal Weight at Barclays... Lincoln National (LNC) upgraded to Overweight at Morgan Stanley... Merck (MRK) upgraded on improved pipeline outlook at BMO Capital... Microsoft (MSFT) upgraded to Buy from Hold at Stifel... Monster Beverage (MNST) upgraded to Overweight from Equal Weight at Morgan Stanley... National Research (NRCIB) upgraded to Overweight from Equal-Weight at First Analysis... Qlik Technologies (QLIK) upgraded to Buy from Hold at Deutsche Bank... Spectra Energy Partners (SEP) upgraded to Overweight from Neutral at JPMorgan... Yahoo (YHOO) upgraded to Outperform from Market Perform at Bernstein.
09:37 EDTMSFT, FBActive equity options trading on open
Active equity options trading on open: AAPL CSCO M TSLA BAC GILD BABA FB SLW GPRO SUNE NLY ABX NFLX MSFT
07:54 EDTLNKDLinkedIn is best emerging large cap idea, says Stifel
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07:40 EDTMSFTMicrosoft upgraded at Stifel
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06:27 EDTMSFTMicrosoft upgraded to Buy from Hold at Stifel
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06:21 EDTGOOGGoogle startup Niantic Labs to become an independent comapny
Niantic Labs, a startup within Google that has launched an augmented reality game called Ingress as well as a location discovery app called Field Trip, is becoming an independent company, it announced on Google Plus. The company says, "We'll be taking our unique blend of exploration and fun to even bigger audiences with some amazing new partners joining Google as collaborators and backers. Niantic will be building on the success of +Ingress, which has been downloaded more than 12M times, has attracted more than 250,000 people to live events around the world, and has inspired users to collectively walk the distance from the earth to the sun while playing, exploring and discovering." Reference Link
06:02 EDTGOOGStocks with implied volatility below IV index mean; BIIB GOOG
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