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Stock Market & Financial Investment News

News Breaks
February 20, 2014
16:45 EDTONTX, WMT, FB, JACK, BBRY, CONN, PRAA, TSLAOn 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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March 19, 2015
11:33 EDTTSLAStocks with call strike movement; TWTR TSLA
Twitter (TWTR) September 55 call option implied volatility decreased 3% to 42, Tesla (TSLA) June 245 call option implied volatility increased 3% to 41 according to IVolatility.
11:07 EDTFBFacebook volatility at low end of historic range; shares at fresh life high
Facebook March weekly call option implied volatility is at 25, April is at 23, May is at 30; compared to its 26-week average of 32 according to Track Data, suggesting decreasing price movement as shares trade at fresh life high.
11:02 EDTFBFacebook hits fresh life, levels to watch
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09:37 EDTTSLA, FBActive equity options trading on open
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07:22 EDTBBRYBlackBerry volatility elevated into Q4 and outlook
Blackberry March weekly call option implied volatility is at 85, April is at 66, May is at 58, June is at 54; compared to its 26-week average of 54 according to Track Data, suggesting large April price movement into the expected release of Q4 results on March 27.
06:55 EDTFBCertain news agencies form advertising alliance to rival Google, others, BI says
The Guardian, CNN International, The Financial Times , Reuters (TRI) and The Economist are forming an advertising alliance, called Pangaea, in hopes of rivaling Google (GOOG), Facebook (FB), Twitter (TWTR), and LinkedIn (LNKD), reports Business Insider UK. The Financial Times is owned by Pearson (PSO), The Economist Group is 50% owned by Pearson via The Financial Times, and CNN is owned by Time Warner (TWX). Reference Link
06:54 EDTTSLATesla should be bought aggresively at current levels, says RW Baird
RW Baird said its recent meetings with Tesla management make the firm more comfortable with delivery guidance and the Model X debuting in Q3. The firm believes the company's production should significantly increase throughout the year, that demand is still strong in North America, and that developed markets are still showing growth. Baird said if Tesla shares are pressured today in a “sell the news” reaction to the company's "range anxiety" event, they would be aggressive buyers of the stock and noted that Tesla remains its top pick for 2015. The firm has an Outperform rating and $275 price target on the stock.
06:28 EDTWMTWal-Mart's Walmex unit to expand more slowly this year, Reuters reports
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06:06 EDTTSLASunrun powers up for IPO later this year, WSJ reports
Sunrun, a solar-energy company, is said to be working with Credit Suisse (CS) and Goldman Sachs (GS) on a potential IPO for later this year, sources tell The Wall Street Journal, which adds that the company was valued at $1.3B as of March 2014. Other solar companies that have gone public in recent years include residential solar installers like Vivint Solar (VSLR), backed by Blackstone (BX), and SolarCity (SCTY), backed by Tesla's (TSLA) Elon Musk. Reference Link
05:57 EDTBBRYStocks with implied volatility above IV index mean; BBRY NFLX
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05:50 EDTBBRYMicrosoft, BlackBerry raises cooperation for software products, DigiTimes says
Microsoft and Blackberry have been increasing their cooperation with other companies to promote sales of software platforms and related services, reports DigiTimes. According to industry sources, the new eefforts come after their global smartphone market edge dropped 2.8% and 0.6%, respectively. Reference Link
05:42 EDTFBeBay downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Gene Munster downgraded eBay (EBAY) to Underweight, the firm's sell-equivalent rating, saying competition from Google Wallet (GOOG), Apple Pay (AAPL), Facebook (FB) and Samsung will weigh on PayPal's valuation and market share over the next three years. Munster notes shares of eBay are up 12% since the beginning of February due to optimism around the PayPal spin-out. He cut his price target for shares to $49 from $55. The online marketplace and PayPal owner closed yesterday down $1.07 to $58.42.
March 18, 2015
16:00 EDTFB, TSLAOptions Update; March 18, 2015
iPath S&P 500 VIX Short-Term Futures down 1.20 to 26.10. Option volume leaders: AAPL RAD PBR TWTR FB TSLA CLF BP MGM according to Track Data.
14:35 EDTTSLANew Jersey passes law allowing Tesla to restart direct sales, NJ.com
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13:53 EDTTSLANew Jersey says Tesla can sell directly to NJ consumers, Bloomberg reports
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12:07 EDTTSLATesla March volatility increases into press conference
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11:24 EDTFBeBay falls after Facebook adds friend-to friend payment option
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09:36 EDTFB, WMT, TSLAActive equity options trading on open
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06:27 EDTTSLATesla CEO calls autonomous cars 'solved,' says Tesla will be leader, WSJ says
Tesla (TSLA) CEO Elon Musk believes self-driving cars are "a solved problem... we know exactly what to do and we will be there in a few years," reports the Wall Street Journal, citing statements given at the Nvidia (NVDA) graphical processor conference Tuesday. Musk added that "I think [Tesla] will be the leader in autonomous cars that you can actually buy." The Journal notes that Nvidia will make its autonomous car development platform available in May to researchers and car makers. Reference Link
06:01 EDTBBRYStocks with implied volatility above IV index mean; BBRY NFLX
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