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Stock Market & Financial Investment News

News Breaks
February 20, 2014
16:45 EDTJACK, BBRY, CONN, PRAA, TSLA, ONTX, WMT, FBOn The Fly: Closing Wrap
Stocks on Wall Street were higher despite mixed economic data and continued volatility in the political situations in Ukraine and Venezuela. The averages opened the session mixed and were all in negative ground by an hour into trading. However, the averages moved upward near mid-morning and powered higher throughout the session, closing near session highs. ECONOMIC EVENTS: In the U.S., initial jobless claims fell 3K to 336K in the week ended February 15, which was generally in-line with expectations. The Consumer Price Index edged up 0.1% in January, as expected, and the core reading excluding food and energy also rose 0.1%. Markit's “flash” Purchasing Managers' Index for February rose to 56.7 from a prior 53.7 reading, beating expectations. The Philadelphia Fed manufacturing business outlook for February fell to -6.3, versus expectations for a much smaller pull back to 8.0 from its prior 9.4 reading. The Leading Index for January rose 0.3%, matching the consensus estimate. In China, factory activity appeared to shrink again in February, as the flash Markit/HSBC Purchasing Managers' Index fell to a seven-month low of 48.3 from January's final reading of 49.5. In Europe, Markit’s composite eurozone PMI fell to 52.7 from 52.9 in January. COMPANY NEWS: Facebook (FB) last night announced that it had agreed to buy mobile messaging service WhatsApp for $16B in cash and stock, with an additional $3B in restricted stock units to be granted to WhatsApp’s founders and employees that will vest over four years. Facebook shares, which initially sold off after the deal, closed the session up $1.57, or 2.31%, to $69.63. Shares of BlackBerry (BBRY), which has its own Blackberry Messenger messaging service, climbed 34c, or 3.77%, to $9.35 as analysts debated BBM's valuation relative to WhatsApp... Tesla Motors (TSLA) gained $16.33, or 8.43%, to a new all-time closing high of $209.97 after the electric car maker's earnings and 2014 delivery guidance of 35K Model S cars topped estimates... Wal-Mart (WMT) was the Dow's laggard, falling $1.33, or 1.78%, to $73.52 after its earnings guidance for the current quarter and new fiscal year trailed expectations. For the just-completed quarter, the retail giant reported in-line earnings and sales that were just below expectations. Also, the company raised its dividend 2% to $1.92 annually. MAJOR MOVERS: Among the notable gainers was Portfolio Recovery (PRAA), which added $8.92, or 17.67%, to $59.40 after last night announcing a deal to acquire Aktiv Kapital for $880M, a deal analysts at JMP Securities believe will be immediately accretive. Portfolio Recovery also reported earnings that were roughly in-line with expectations. Also higher following a better-than-expected quarterly report was Jack in the Box (JACK), up $4.26, or 7.97%, to $57.73. Among the noteworthy losers was Onconova (ONTX), which plunged $5.07, or 36.58%, to $8.79 after a Phase 3 trial of its rigosertib drug did not meet its primary endpoint. Also lower was Conn's (CONN), which fell $23.91, or 42.85%, to $31.89 after the company issued weaker than expect fourth quarter earnings guidance and lowered its fiscal 2014 and 2015 profit forecasts. INDEXES: The Dow was up 92.67, or 0.58%, to 16,133.23, the Nasdaq was up 29.59, or 0.7%, to 4,267.54, and the S&P 500 was up 11.03, or 0.6%, to 1,839.78.
News For FB;TSLA;BBRY;WMT;PRAA;JACK;ONTX;CONN From The Last 14 Days
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July 17, 2015
06:22 EDTTSLAGhosn: Nissan considering using LG Chem batteries for EV, WSJ reports
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05:49 EDTFBGoogle price target raised to $723 from $631 at Piper Jaffray
Piper Jaffray analyst Gene Munster raised his price target for Google shares to $723 saying the search giant's Q2 earnings report and corresponding commentary leave him more confident in the stock over the next two quarters. In addition to talking about a focus on costs, Google noted that mobile cost-per-clicks were up and continued to close the gap on desktop and also highlighted accelerating YouTube usage despite recent media coverage on Facebook (FB) Video, Munster tells investors this morning in a research note. He keeps an Overweight rating on Google. The stock is $62.95 to $642.80 in pre-market trading following last night's earnings report.
July 16, 2015
18:18 EDTTSLATesla up almost 1% after report Elon Musk to hold press conference July 17
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16:00 EDTFBOptions Update; July 16, 2015
iPath S&P 500 VIX Short-Term Futures down 1.17 to 16.52 Option volume leaders: NFLX AAPL BAC FB F INTC C EBAY AMZN GM JPM MU PFE BABA JD X
14:25 EDTTSLATesla will sell Model X SUVs in China in 1H16, Bloomberg says
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13:36 EDTFBFacebook's Instagram says some users having trouble logging in
Instagram said in a tweet, "We're currently experiencing an issue that may have caused some users to have trouble logging in. We’re working hard to fix it." Reference Link
13:02 EDTFBEarnings Watch: Analysts positive on Google long-term outlook ahead of Q2 report
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11:49 EDTFBFacebook's Oculus confirms acquisition of Pebbles Interfaces
Oculus announced on its blog that it has entered into an agreement to acquire Pebbles Interfaces, "one of the leading teams in depth sensing technology and computer vision. Based in Israel, Pebbles Interfaces has spent the past five years developing technology that uses custom optics, sensor systems and algorithms to detect and track hand movement. Over time, technology breakthroughs in sensors will unlock new human interaction methods in VR and revolutionize the way people communicate in virtual worlds. Pebbles Interfaces will be joining the hardware engineering and computer vision teams at Oculus to help advance virtual reality, tracking, and human-computer interactions." Reference Link
10:00 EDTJACKOn The Fly: Analyst Initiation Summary
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09:35 EDTFBActive equity options trading on open
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08:53 EDTFBFacebook to buy Pebbles for about $60M, WSJ reports
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08:14 EDTFBFacebook faces foreign exchange headwinds in Q2, says Brean Capital
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July 15, 2015
16:22 EDTJACKJack in the Box initiated with a Buy at BTIG
Target $105.
16:00 EDTFBOptions Update; July 15, 2015
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09:32 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL FB BAC RCPT MU YUM NFLX CELG
09:18 EDTFBAdobe's Flash disabled by Google due to security worries, WSJ says
Just days after Facebook's (FB) top security executive called on Adobe (ADBE) to discontinue its Flash animation player, Google’s (GOOG) Chrome and Mozilla’s Firefox browsers blocked old versions of the software on Tuesday after reports that hackers were using a security flaw to infiltrate computers, reported The Wall Street Journal's "Digits" blog. Firefox and Chrome will allow Flash to run again if it is updated with the patch Adobe released Tuesday morning, the report noted. Reference Link
08:33 EDTFBFacebook target raised to $110 at Morgan Stanley on mobile ad strength
Morgan Stanley raised 2015 and 2016 revenue estimates for Facebook and increased its price target on the shares to $110 due to scale and improving products. The firm's mobile ad checks indicate Facebook is still the mobile industry leader, has low pricing and high ad ROI, and continues to pull in a larger share of ad budgets and ad dollars per MAU. Morgan Stanley has an Overweight rating on shares of the social network owner, which closed yesterday at $89.68.
08:27 EDTFBAdobe says Google display ad strategy underperforms Facebook in Q2
In its "Digital Advertising & Social Intelligence Report" for Q2, Adobe (ADBE) wrote that Facebook's (FB) display ad changes doubled its click-through-rates, or CTRs, year-over-year in the quarter, while Google's (GOOG) display targeting changes reduced its number of ads seen by 22% compared to the prior year and its CTRs were up "only" 24% compared to the same period of last year. The report also contends that the "Mobilegeddon" fears regarding Google's changes to favor mobile friendly sites came true, noting that sites with low mobile engagement saw up to a 10% decrease in organic traffic after the changes were made by the search giant. Reference Link
06:45 EDTWMTWal-Mart's Yihaodian.com chairman, CEO quit, Reuters says
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06:32 EDTTSLATesla buys 2,000 extra acres for Nevada factory, WSJ reports
Tesla has almost tripled its land holdings in Nevada recently, having bought nearly 2,000 additional acres near Reno as it works on a factory intended to build batteries for electric cars and stationary backup batteries, the Wall Street Journal reports. Tesla originally bought 1,000 acres last year, though that agreement including options to purchase additional land, the report says. Reference Link
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