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Stock Market & Financial Investment News

News Breaks
April 5, 2012
16:17 EDTSTZ, PMTC, RT, PLCM, NYX, BBBY, NDAQ, ITMN, FBOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, as investors largely decided to stay on the sidelines until after the market's long weekend. Stock futures were lower throughout the pre-market trading session and improved only slightly following the Challenger job cuts report. The jobless claims data went generally unnoticed and the futures action led to a lower open for the broader market. The averages made it into positive territory but while the Nasdaq was able to hold its gains the Dow and S&P struggled. The market spent most of the day near the flat line as investors looked toward tomorrow's jobs report, even though the stock markets will be closed... ECONOMIC EVENTS: In the U.S., the Challenger job cuts report said planned reductions were down 8.8% versus the same period one year earlier. Initial jobless claims fell to 357,000 last week, versus the expected 355,000. Continuing jobless claims came in at 3.33M, versus expectations for 3.35M... COMPANY NEWS: Reports from The New York Times and CNBC said that Facebook (FB) has selected the Nasdaq (NDAQ) over the New York Stock Exchange (NYX) as the future home of its stock... MAJOR MOVERS: Among the notable gainers were InterMune (ITMN), up $1.41, or 10.17%, to $15.28, following a favorable opinion for the reimbursement of its Esbriet drug from the Transparency Commission of the French National Health Authority, and Bed Bath & Beyond (BBBY), up $5.62, or 8.49%, to $71.85, after its earnings, revenue and same store sales growth all topped its own forecasts. Noteworthy losers included Parametric Technology (PMTC), down $5.74, or 21.10%, to $21.46, and Polycom (PLCM), down $3.63, or 19.96%, to $14.56, after both issued forecasts that disappointed. Also lower were shares of Ruby Tuesday (RT), down $1.61, or 18.13%, to $7.27, and Constellation Brands (STZ), down $3.08, or 12.47%, to $21.61, as both reported earnings above consensus estimates but issued guidance below the Street's expectations... INDICES: The Dow lost 14.61, or 0.11%, to 13,060.14; the Nasdaq gained 12.41, or 0.40%, to 3,080.50; and the S&P 500 fell 0.88, or 0.06%, to 1,398.08.
News For FB;NDAQ;NYX;ITMN;BBBY;PMTC;PLCM;RT;STZ From The Last 14 Days
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July 22, 2015
23:09 EDTFBFormer MTV executive joins YouTube as VP of originals, Variety says
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19:02 EDTPLCMOn The Fly: After Hours Movers
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17:21 EDTPLCMPolycom sees Q3 adjusted EPS 20c-22c, consensus 22c
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16:08 EDTPLCMPolycom reports Q2 EPS 22c, consensus 22c
Reports Q2 revenue $316.6M, consensus $332.53M.
15:02 EDTFBOptions Update; July 22, 2015
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09:46 EDTFBFacebook Q2 revenues tracking slight above consensus, says ITG Research
ITG Research's data analysis indicates Facebook's Q2 North American revenue is tracking to $1.9B, up from a previous estimate of $1.86B, versus consensus of $1.84B due to increased spending per advertiser. Firm estimates total Q2 revenues are tracking to $4.05B versus consensus of $3.98B.
09:38 EDTFBActive equity options trading on open:
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July 21, 2015
16:21 EDTRTRuby Tuesday appoints David Skena as Chief Marketing Officer
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16:01 EDTFBOptions Update; July 21, 2015
iPath S&P 500 VIX Short-Term Futures down 13c to 16.20. Option volume leaders: AAPL BAC FB BAC MSFT NFLX AMD IBM CHK
09:35 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL FB IBM TSLA BAC PVA NFLX
08:05 EDTFBFacebook added to US 1 List at BofA/Merrill
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07:45 EDTFBSell PayPal amid mounting payments competition, Piper says
Shares of PayPal (PYPL) advanced over 5% yesterday in the stock's first day of trading following a split from eBay (EBAY), with the majority of research firms issuing optimistic notes on its prospects. This morning, however, analyst Gene Munster of Piper Jaffray recommends selling the share as competition grows in the digital payments space. BEARS: Munster started shares of PayPal with an Underweight rating, the firm's equivalent of a "Sell," saying increased competition could pressure the stock's multiple over the next 6-24 months. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in his research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal. Of note, Evercore ISI also started coverage of PayPal shares yesterday with a Sell rating. BULLS: Wells Fargo initiated coverage of PayPal yesterday with an Outperform rating, saying the company's unique assets will enable it to maintain its leadership role in digital payments and benefit from the growth of e-commerce. Also upbeat was Robert W. Baird analyst Colin Sebastian, who contends that PayPal has the top pure play online payment system and is continuing to grow its share of the Internet payment market. PayPal should be able to innovate more effectively after its spin-off, added the analyst, who set a $45 price target on the shares. PRICE ACTION: Shares of PayPal are pointing toward further gains in their second day of standalone trading, with the stock up about 2.7% to $41.55 in pre-market trading.
06:58 EDTFBFacebook added to US 1 List at BofA/Merrill
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06:19 EDTFBSilicon Valley giants side with Samsung in battle with Apple, InsideSources says
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05:34 EDTFBPayPal initiated with an Underweight at Piper Jaffray
Piper Jaffray analyst Gene Munster started shares of PayPal (PYPL) with an Underweight rating saying increased competition could pressure the stock's multiple over the next 6-24 months. Underweight is Piper's equivalent of a sell rating. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in a research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal, which began trading yesterday following a spinoff from parent company eBay (EBAY). Shares of the online payment system closed Monday up $2.08 to $40.47.
July 20, 2015
16:01 EDTFBOptions Update; July 20, 2015
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12:40 EDTFBEarnings Watch: IBM up 4% since last quarterly report
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12:35 EDTFBFacebook July weekly volatility increasing into Q2 and outlook
Facebook 7/31/15 weekly call option implied volatility is at 53, August is at 38, September is at 33; compared to its 52-week range of 19 to 48, suggesting large near term price movement into the expected release of Q2 results on July 29.
11:29 EDTFBFacebook breakout accelerates, levels to watch
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08:56 EDTFBFacebook price target raised to $117 at BTIG on video opportunity
BTIG analyst Richard Greenfield believes Facebook can exceed consensus estimates, citing higher confidence in the company's video advertising opportunity. Greenfield, who raised his revenue estimates for Facebook in this year and next, also points out Instagram's monetization opportunity and the platform potential of WhatsApp and Messenger. The analyst raised his price target on Facebook to $117 from a "stale" target of $80 that had been set in July of last year and reiterates a Buy rating on the social network's stock, which closed at $94.97 on Friday.
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