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Stock Market & Financial Investment News

News For M;FB;GPS;JWN 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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11:08 EDTJWNNordstrom, J.C. Penney shares rise after better-than-expected Q2 earnings
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10:13 EDTFBAnalyst says Twitter CEO decision could come next week
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10:12 EDTJWNHigh option volume stocks
High option volume stocks: DAR WX AEGR NOC AMCC JWN QIWI TROX
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 EDTJWNOn The Fly: Pre-market Movers
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06:21 EDTFBFacebook's Parse open-sources all software development kits
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August 13, 2015
18:48 EDTJWNOn The Fly: After Hours Movers
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16:30 EDTJWNNordstrom raises FY15 SSS view to up 3.5%-4.5% from 2%-4%
16:10 EDTJWNNordstrom up 3.9% after reporting Q2 results, raising FY15 guidance
16:09 EDTJWNNordstrom narrows FY15 EPS ex-items view to $3.70-$3.80 from $3.65-$3.80
Consensus $3.74. Raises FY15 revenue guidance to up 8.5%-9.5% from up 7%-9%.
16:07 EDTJWNNordstrom reports Q2 EPS $1.09, consensus 90c
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16:00 EDTFBOptions Update; August 13, 2015
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14:56 EDTJWNNotable companies reporting after market close
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14:11 EDTJWNNordstrom August 75 straddle priced for 4% movement into Q2
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14:08 EDTJWNNordstrom technical commentary ahead of results
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11:45 EDTJWNOptions with increasing volume
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11:30 EDTMStocks with call strike movement; M HPQ
Macy's (M) November 72.50 call option implied volatility increased 3% to 27, Hewlett-Packard (HPQ) January 34 call option implied volatility increased 7% to 32 according to IVolatility.
09:37 EDTFB, MActive 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
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