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Stock Market & Financial Investment News

News For FB;YHOO From The Last 14 Days
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January 30, 2015
16:28 EDTFB, YHOOMarket finishes week lower as earnings, GDP miss drag down stocks
Stocks ended the week lower as several major companies reported weaker than expected results or gave disappointing guidance and a number of U.S. economic data points came in below the consensus outlook. MACRO NEWS: The Federal Reserve reiterated that it would exercise patience in deciding when to raise interest rates. The central bank added that economic growth was expanding at a "solid" pace... U.S. economic data was mixed, as Q4 GDP growth, durable goods orders for December, and pending home sales came in below expectations, but weekly jobless claims and new home sales for December beat expectations... In Europe, the annual cost of living in the euro zone currency bloc fell 0.6% in January, versus analysts' forecast for a fall of 0.5%. However, the bloc's unemployment rate inched down to 11.4% in December from 11.5% in November. Analysts had expected the unemployment rate to remain unchanged. COMPANY NEWS: Apple's (AAPL) shares rose after the company reported record results, beating analysts' expectations. The company sold 74.5M iPhones last quarter, a figure that also beat the consensus outlook... Visa (V), Boeing (BA), Amazon.com (AMZN), Google (GOOG), and video game maker Electronic Arts (EA) were among the companies that rose following their earnings reports. Facebook (FB) reported stronger than expected results but its stock was little changed on the week... Microsoft (MSFT), Caterpillar (CAT), Qualcomm (QCOM), Alibaba (BABA), DuPont (DD), and 3M (MMM) fell after reporting their results... Yahoo (YHOO) announced that it plans to spin off its stake in Alibaba later this year in a tax-free transaction. The announcement led to speculation that Yahoo could become a takeover target... McDonald's (MCD) announced that its CEO, Don Thompson, would step down and be replaced by its current Chief Brand Officer, Steve Easterbrook. Its stock reacted favorably to the executive change... Qualcomm (QCOM) cut its fiscal 2015 guidance and announced that its Snapdragon 810 processor will not be in the upcoming design cycle of a large customer's flagship device. A number of analysts and media outlets said that Samsung was the company to which Qualcomm was referring. INDEXES: For the week, the Dow is down 2.83% to 17,164.95, the Nasdaq is down 2.56% to 4,635.24, and the S&P is down 2.77% to 1,994.99.
16:02 EDTFBOptions Update; January 30, 2015
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11:14 EDTYHOOStocks with call strike movement; YHOO AMZN
Yahoo (YHOO) July 52.5 call option implied volatility decreased 3% to 32, Amazon.com (AMZN) July 410 call option implied volatility decreased 10% to 28 according to IVolatility.
10:13 EDTYHOOOptions with decreasing implied volatility
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10:00 EDTYHOOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Abbott (ABT) upgraded to Buy from Neutral at BofA/Merrill... BAE Systems (BAESY) upgraded to Buy from Hold at Cantor... Boston Scientific (BSX) upgraded to Outperform from Market Perform at BMO Capital... Bottomline Technologies (EPAY) upgraded to Buy from Hold at Craig-Hallum... Capital Bank (CBF) upgraded to Buy from Hold at Sandler ONeill... Centrica PLC (CPYYY) upgraded to Neutral from Sell at UBS... Chico's FAS (CHS) upgraded to Buy at Janney Capital... Coherent (COHR) upgraded to Buy from Neutral at B. Riley... Devon Energy (DVN) upgraded to Buy from Hold at Deutsche Bank... Farmers National Banc (FMNB) upgraded to Buy from Hold at Sandler O'Neill... Foot Locker (FL) upgraded to Overweight from Equal Weight at Barclays... Groupon (GRPN) upgraded to Buy from Sell at Ascendiant... JA Solar (JASO) upgraded to Outperform from Sector Perform at RBC Capital... K12 (LRN) upgraded to Outperform from Market Perform at Wells Fargo... PolyOne (POL) upgraded to Outperform at RW Baird... QLogic (QLGC) upgraded to Outperform from Market Perform at BMO Capital... SolarWinds (SWI) upgraded to Buy from Hold at Deutsche Bank... Stanley Black & Decker (SWK) upgraded to Equal Weight from Underweight at Barclays... SunPower (SPWR) upgraded to Outperform from Sector Perform at RBC Capital... TCF Financial (TCB) upgraded to Buy from Neutral at DA... Tempur Sealy (TPX) upgraded to Buy from Neutral at Nomura... Textron (TXT) upgraded at BofA/Merrill... Trina Solar (TSL) upgraded to Outperform from Sector Perform at RBC Capital... Umpqua Holdings (UMPQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Valero Energy Partners (VLP) upgraded at Credit Suisse... Verifone (PAY) upgraded to Positive from Neutral at Susquehanna... Yahoo (YHOO) upgraded to Buy from Hold at Evercore ISI... Zimmer (ZMH) upgraded to Outperform at RW Baird.
09:35 EDTFBActive equity options trading
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09:01 EDTYHOOYahoo upgraded to Buy from Hold at Evercore ISI
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07:46 EDTYHOOBuy Yahoo to take advantage of Alibaba weakness, says UBS
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06:59 EDTYHOOYahoo unavailable for takeover until late 2015, Re/code says
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06:21 EDTYHOOYahoo upgraded to Buy from Hold at Evercore ISI
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06:01 EDTFBFacebook implied volatility of 27 at lower end of index mean range
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January 29, 2015
16:55 EDTYHOOOn The Fly: Closing Wrap
Stocks on Wall Street struggled for direction for the first half of the session, making several passes across the flat line. The market seemed ready for a positive day after better than expected jobless claims data, and the buyers finally emerged in the second half of the day. The past two days had taken almost 500 points from the Dow, though the blue chip index ended up recapturing about half of those losses with its gains today. ECONOMIC EVENTS: In the U.S., jobless claims plunged by 43K to 265K last week, versus expectations for 300K first-time claims. That was the lowest weekly level in nearly 15 years, though the government cautioned that the inclusion of the Martin Luther King holiday makes the data more difficult to calculate. The pending home sales index dropped 3.7% to 100.7 in December, versus expectations for it to have risen 0.5%. COMPANY NEWS: McDonald's (MCD) was the best performing member of the Dow Jones Industrial Average, rising $4.49, or 5.06%, to $93.27 after announcing last night that Don Thompson will retire as president and CEO on March 1. Steve Easterbrook, who was previously senior executive VP and Chief Brand Officer, was selected to replace Thompson as CEO... Chinese e-commerce giant Alibaba (BABA) reported fourth quarter earnings per share, excluding certain items, that beat analysts' consensus estimate, but its revenue came in below expectations. Shares fell $8.64, or 8.78%, to $89.81 following the report. Yahoo (YHOO), which earlier this week announced that it plans to spin-off its remaining stake in Alibaba in a tax-free transaction, dropped $2.73, or 5.88%, to $43.73 in sympathy. MAJOR MOVERS: Among the notable gainers was Coach (COH), which rose $2.48, or 6.8%, to $38.94 after the luxury handbag maker reported better than expected earnings. Also higher was K12 (LRN), which jumped $3.35, or 30.32%, to $14.40 after its second quarter earnings and revenue topped expectations. Among the noteworthy losers was Qualcomm (QCOM), which declined $7.30, or 10.28%, to $63.69 after the chip maker lowered its outlook for fiscal 2015. It also announced that its Snapdragon 810 processor will not be in the upcoming design cycle of a large customer's flagship device, which is widely believed to be Samsung's next generation Galaxy S phone. Also lower were shares of specialty chemicals company Albemarle (ALB), which dropped $7.60, or 13.73%, to $47.77 after the company reported Q4 adjusted EPS and revenue that missed analysts' consensus forecasts and guided toward FY15 revenue and profits that also were below expectations. INDEXES: The Dow rose 225.48, or 1.31%, to 17,416.85, the Nasdaq gained 45.41, or 0.98%, to 4,683.41, and the S&P 500 added 19.09, or 0.95%, to 2,021.25.
16:00 EDTFBOptions Update; January 29, 2015
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15:15 EDTFBFacebook 'Place Tips' to challenge services like Yelp, BI says
Facebook's (FB) newly launched "Place Tips" feature, which provides notifications in users' News Feeds when they near locations that the service determines they may like, is "aimed directly at location-based recommendation apps" such as Yelp (YELP), according to Business Insider. Reference Link
13:17 EDTFBEarnings Preview: Amazon sees Q4 revenue $27.3B-$30.3B
Amazon.com (AMZN) is expected to report fourth quarter earnings after the market close on Thursday, January 29 with a conference call scheduled for 5:00 pm ET. Amazon.com is an online retail company that also provides consumer electronics and cloud computing services. EXPECTATIONS: Analysts are looking for earnings per share of 17c on revenue of $29.67B. The consensus range is (41c)-56c for EPS, and $28.83B-$30.24B for revenue, according to First Call. LAST QUARTER: Amazon.com reported third quarter EPS of (96c) against estimates of (74c), on revenue of $20.58B against estimates of $20.84B. The company gave Q4 revenue guidance of $27.3B-$30.3B and Q4 operating income guidance of ($570M)-$430M, compared to $510M in the year-ago period. Amazon also reported Q3 operating cash flow up 15% to $5.71B. During its Q3 earnings conference call, Amazon reported Q3 active customer accounts exceeded 260M and said it viewed international as a "big opportunity" for growth. The company also said it was seeing "great growth" in Prime and noted that it was not planning to change the price. NEWS: During the quarter, Amazon's Audible unit acquired online comedy service Rooftop Media for an undisclosed amount and its Twitch platform acquired GoodGame; Amazon also acquired Annapurna Labs, an Israeli startup. The company said it plans to create more than 1,000 full-time jobs with a $75M in investment in Illinois. China Daily said Amazon would enable Chinese consumers to shop on its overseas websites and The Globe and Mail said Amazon would offer same-day shipping in Canada. During the fall, Amazon experimented with utilizing taxi cab services as a delivery method throughout San Francisco and Los Angeles using the mobile app Flywheel, according to The Wall Street Journal. Amazon's Fire TV Stick started shipping in November for $39 and outfitted several U.S. warehouses with wheeled robots that move stocked shelves to workers and are expected to speed delivery. Amazon Chief Executive Officer Jeff Bezos told Business Insider CEO Henry Blodget that the company has a succession plan in place. Amazon also announced the "Make an Offer" experience that allows customers to negotiate even lower prices on thousands of items and The Wall Street Journal said the company was practicing one-hour deliveries with bike messengers in New York City. European regulators said Amazon's tax arrangements in Luxembourg could give the company an illegal advantage over competitors and that the method Luxembourg used to calculate taxes payable by Amazon did not comply with international guidelines.U.S. technology giants like Amazon, Google (GOOG), Facebook (FB), Microsoft (MSFT) and others are "very worried" about the backlash they are now facing in Europe and U.S. companies may now remove services in some European countries because it isn’t worth the trouble and cost to cater to local laws in some of those countries, said The Wall Street Journal. Scott Wapner of CNBC stated on Twitter that sources tell him that Carl Icahn has "no stake at all" in Amazon, which had moved higher earlier amid rumors of Icahn getting involved in the stock. Most recently, Amazon said its Amazon Studios unit will begin to produce and acquire original movies for theatrical release and early window distribution on Amazon Prime Instant Video. The company also discontinued its Amazon Elements line of diapers after less than two months. Additionally, Amazon announced Amazon WorkMail, an email and calendar service. STREET RESEARCH: Robert W. Baird believes Amazon WorkMail could lead to software-as-a-service solutions that could produce $10B + in revenue for Amazon. The firm keeps a $340 price target and Outperform rating on Amazon. Piper Jaffray, which has an Overweight rating and $400 price target on the stock, believes Amazon.com shares are pricing in a soft margin outlook ahead of the company's December quarter results. Piper says that while it is unsure about near-term margins, it thinks any upside would be rewarded disproportionately. It also thinks the market is already expecting 2015 revenue to come down by 1%-2% due to currency moves. JPMorgan keeps a Neutral rating on Amazon.com ahead of the company's Q4 results but says it is "warming up" to the stock. The firm believes Prime subscriber growth has been strong worldwide and raised its price target for shares to $323 from $307. PRICE ACTION: Amazon.com shares have increased over 3.7% over the last three months. In Thursday trading ahead of the Q4 report, Amazon.com shares are up fractionally.
12:54 EDTYHOO, FBOn The Fly: Midday Wrap
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11:44 EDTYHOOYahoo volatility elevated following Alibaba Q3 results
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11:23 EDTYHOOYahoo seen as target after spin-off, but slides after Alibaba revenue miss
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11:06 EDTYHOOAlibaba not working with advisors on buyback of Yahoo 'SpinCo,' CNBC reports
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10:59 EDTYHOOYahoo core business now valued at negative $1B, says Citigroup
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10:51 EDTYHOOOptions with decreasing implied volatility
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10:26 EDTFBFacebook shares little changed despite analysts lauding results
Facebook (FB) reported better than expected fourth quarter earning and revenue last night and a number of analysts responded positively to the news, though the social network operator's shares are little changed in early trading. BACKGROUND: Facebook reported fourth quarter EPS of 54c, compared with analysts' consensus estimate of 48c. The company's revenue came in slightly above expectations. The social network said that its monthly active user base grew 13% last quarter versus the same period a year earlier to 1.39B, while its ad revenue surged 53% to $3.6B. ANALYST REACTION: Robert W. Baird analyst Colin Sebastian raised his price target on Facebook to $93 from $80. The social network reported strong results, driven by healthy user engagement and monetization trends, the analyst believes. The company's ongoing large investments in developing ad technology should improve the platforms of the Facebook website, Instagram, and WhatsApp, as well as its developing ad network, Sebastian stated. He kept an Outperform rating on the stock. Cantor analyst Youssef Squali increased his price target on the stock to $90 from $80. The company's Q4 results were solid, as its ad revenue growth was impressive, the analyst stated. Given the ongoing shift of ad dollars to mobile and social, and the untapped revenue potential of a number of Facebook's assets, the stock remains a top pick, the analyst stated. UBS analyst Eric Sheridan was also upbeat on the shares, writing that the stock has one of the most compelling risk/reward ratios among large cap growth stocks he covers. The company continues to have strong user growth and engagement trends, and benefit from strong ad prices, and initiatives that produce advertising market share gains, the analyst stated. Facebook has many ways to increase its revenue going forward, and the stock increasingly looks cheap, according to Sheridan, who kept a $92 price target and Buy rating on the shares.. PRICE ACTION: In early trading, Facebook shares rose fractionally to $76.32.
10:20 EDTYHOONeedham sees Yahoo as potential takeover target ahead of spin-off
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09:37 EDTFB, YHOOActive equity options trading
Active equity options trading according to Track Data: AAPL FB KO NFLX PFMT GILD YHOO TSLA MCD
09:12 EDTFBFacebook no longer being rewarded for outperformance, says Janney Capital
Janney Capital said it continues to view Facebook as one of most attractive stories in online, given its many monetization opportunities, but the firm thinks the stock faces multiple compression as growth decelerates and that its shares are no longer being rewarded by the Street for beating expectations, as it did in Q4. Janney raised its fair value estimate on the stock to $80 from $78 but maintains its Neutral rating on Facebook shares.
09:06 EDTYHOOOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Flextronics (FLEX), up 6%... Coach (COH), up 6.3%... Autoliv (ALV), up 4.3%... Dow Chemical (DOW), up 3.5%... Ford (F), up 0.8%. ALSO HIGHER: McDonald's (MCD), up 3% after announcing CEO change...Xencor (XNCR), up 19% after reporting results from two trials... Pluristem Therapeutics (PSTI), up 8% after providing update and outlook on trials and pipeline... Avon Products (AVP), up 2.3% after naming James Scully as CFO... Omeros (OMER), up 6% after 2.996M share spot secondary priced at $20.03. DOWN AFTER EARNINGS: Alibaba (BABA), down 8%... Qualcomm (QCOM), down 6.8%... Alexion (ALXN), down 1.1% after reporting fourth quarter results, fiscal 2015 guidance, and CEO appointment. ALSO LOWER: Yahoo (YHOO), down 7% following Alibaba earnings report... Venaxis (APPY), down 72% after its APPY1 Test was determined by the FDA to not meet the criteria for substantial equivalence.
08:48 EDTFBFacebook price target raised to $93 from $80 at RW Baird
Baird raised its price target on Facebook to $93 from $80 following Q4 results that beat already bullish expectations. The firm believes investments in the company's infrastructure to be prudent and sees the company benefitting from its ongoing user engagement trends and monetization. Baird reiterated its Outperform rating on Facebook shares.
08:48 EDTFBFacebook presents compelling risk/reward, says UBS
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07:04 EDTFBFacebook to establish team in Taiwan, WSJ says
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06:48 EDTFBFacebook price target raised to $90 from $80 at Cantor
Cantor increased its price target on Facebook after the company reported stronger than expected Q4 results. The firm thinks the company has significant untapped monetization potential, and keeps a Buy rating on the shares.
06:38 EDTYHOOSome see Yahoo as takeover target after Alibaba spinoff, NY Times says
Yahoo's (YHOO) improvement under CEO Marissa Mayer may make it a takeover target after it sells its remaining stake in Alibaba (BABA), some investors and analysts say, according to The New York Times. But others disagree, saying that Yahoo still has more work to do before it will interest potential acquirers, the newspaper added. Reference Link
06:35 EDTYHOOYahoo's U.K. auditors have resigned, Evening Standard reporter says
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06:20 EDTYHOOMicrosoft to release Outlook on iOS, Outlook and Office on Android, Re/code says
Microsoft (MSFT) is releasing on Thursday an Apple iOS (AAPL) version of its Outlook email software as well as a preview of an Android version, reports Re/code. The apps will support Microsoft's own email service as well as Google Gmail (GOOG), iCloud, and Yahoo (YHOO) email accounts. The company is also launching full versions of its Word, Excel, and PowerPoint apps for Android. Reference Link
05:58 EDTFBStocks with implied volatility above IV index mean; QCOM FB
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05:57 EDTYHOOAlibaba taken by surprise of Yahoo's split decision, Financial Times reports
Alibaba (BABA) was given little warning ahead of Yahoo's (YHOO) decision to spin off its remaining 15% in Alibaba as a separate, publicly traded company, reports the Financial Times. According to a number of people familiar with the situation, Alibaba was only informed of the decision Tuesday night when Yahoo announced it and still has not formulated a plan for how to respond. One source said the company is not in a position to announce anything substantive during its Q3 earnings conference call on Thursday. Reference Link
05:57 EDTFBFacebook Q4 beats despite currency headwind, says Piper Jaffray
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January 28, 2015
18:21 EDTFBOn The Fly: After Hours Movers
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17:31 EDTFBFacebook sees FY15 revenue 5% lower than it would be under FY14 exchange rate
Sees FY15 CAPEX $2.7B-$3.2B.
17:23 EDTFBFacebook COO Sandberg says Instagram will become core to mobile ad effort
Facebook COO Sheryl Sandberg says the company sees FY15 building on core advertising progress.
17:12 EDTFBFacebook CEO says company working to make Facebook Search more valuable
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17:06 EDTFBFacebook headcount up 44% in FY14
Comments made during Q4 earnings conference call.
16:55 EDTYHOOOn The Fly: Closing Wrap
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16:11 EDTFBFacebook up 1% to $76.91 following Q4 results
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16:04 EDTFBFacebook reports Q4 advertisng revenue up 53% to $3.59B
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16:03 EDTFBFacebook reports monthly active users up 13% to 1.39B
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16:01 EDTFBFacebook reports Q4 EPS 54c, consensus 48c
Reports Q4 revenue $3.85B, consensus $3.77B.
16:00 EDTYHOO, FBOptions Update; January 28, 2015
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15:37 EDTFBNotable companies reporting after market close
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15:00 EDTFBFacebook January weekly 77 straddle priced for 7% movement into Q4
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13:17 EDTFB, YHOOAOL sinks after downgrade, report of no Yahoo interest
Shares of AOL (AOL) are falling after Wells Fargo downgraded the stock to Market Perform from Outperform and CNBC’s David Faber reported that Yahoo has ruled out a potential acquisition of the company. WHAT'S NEW: AOL is likely to encounter increased competition in Internet video advertising, in the wake of acquisitions by Facebook (FB) and Yahoo (YHOO), Wells contended in a note to investors earlier today. Specifically, Facebook's acquisition of Liverail will enable the social network to improve the targeting of its video ads, while Yahoo is using its sales force to find buyers for the video assets of Brightroll, which Yahoo acquired. AOL is also encountering increased competition for internet video ad spending from Google's YouTube, Wells believes. Meanwhile, AOL, along with other Google search partners, may find it more difficult to maintain its current share of queries as more searches are conducted on mobile device, the firm stated. The superior functionality of Google's mobile web and app base search, along with the default search position that Google enjoys on Android devices, create headwinds for AOL and its peers, the firm stated. Wells cut its valuation range on AOL to $49-$51 from $55-$$57. WHAT'S NOTABLE: Activist investor Starboard Value has called on Yahoo to explore the possibility of combining with AOL. CNBC's David Faber, however, after speaking last night with Yahoo CEO Marissa Mayer, reported that the search giant has ruled out a potential acquisition of AOL. The interview followed Yahoo’s fourth quarter results and announcement that it would carry out a tax free spin-off of its remaining stake in Chinese e-commerce giant Alibaba (BABA). PRICE ACTION: In mid-afternoon trading, AOL fell 8% to $44, while yahoo rose 2% to $49.
12:58 EDTFBFacebook technical notes ahead of results
There is a potential bearish head and shoulders on the daily chart that will become active below the neckline at the $74 area. Downside potential for that pattern if it becomes active on worse than expected results or outlook would be to the $66 area. If the news is a positive surprise, resistance levels to watch as upside objectives would be at $80.04 and then the 52-week high and lifetime high at $82.17. A breakout above the life high would leave open a run to the $85 area.
12:52 EDTYHOOOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as a blowout quarter from Apple (AAPL) offset a bit of the earnings season jitters that several Dow members' misses had sent through the market yesterday. The market saw its highs a short time after the open, as the better than expected earnings reports from both Apple and Boeing (BA) drove an early bounce. The U.S. averages gave up all their gains and moved into the red for a moment, but have managed to drift higher again following the close of the European markets. Next up is the Fed’s rate announcement and accompanying statement, which is due out shortly. ECONOMIC EVENTS: In the U.S., crude oil inventories built up by 8.87M barrels last week, versus the consensus forecast for a build of 3.85M barrels. The price of WTI crude was down 2.5% near noon following the report and dipped back below $45 per barrel earlier in the morning. The Federal Reserve’s rate announcement is due out this afternoon at 2:00 pm ET. COMPANY NEWS: Shares of Apple jumped nearly 8% after the tech giants first quarter results handily topped estimates. A number of analysts hiked their price targets for the stock after the report, with JPMorgan raising its price target for Apple shares to $140 from $112 and Cantor increasing its price target to a "Street high" $160 from $143. Of note, Apple also said that Apple Watch is expected to ship in April... Yahoo (YHOO) shares rose 2.3% after the company reported earnings and announced plans to split into two companies: one that will own Yahoo’s core operating business and its stake in Yahoo Japan and another that will hold a legacy operating business and Yahoo’s remaining 15% stake in Alibaba (BABA). Yahoo plans for a tax-free spin-off of the company's remaining 384M shares of Alibaba, valued at $40B based on the closing price on January 26, and people familiar with the matter told Financial Times that the decision "significantly increases" the chances of Alibaba buying back that stake. MAJOR MOVERS: Among the notable gainers was Abiomed (ABMD), which jumped 30% after announcing that the Impella RP System has received FDA approval under a Humanitarian Device Exemption and raising its FY15 revenue guidance. Also higher following their earnings reports were Freescale Semiconductor (FSL), which rose 20%, U.S. Steel (X), which gained 14%, and Electronic Arts (EA), which advanced 14%. Among the noteworthy losers was Pilgrim's Pride (PPC), which dropped 6% as its shares went "ex-special dividend," meaning investors buying the stock from here forth will not be entailed to the $5.77 per share special dividend, which is payable on February 17. Also lower following their earnings reports were Radware (RDWR), which fell over 13%, and Ethan Allen (ETH), which dropped more than 12%. INDEXES: Near midday, the Dow was up 71.28, or 0.41%, to 17,458.49, the Nasdaq was up 31.54, or 0.67%, to 4,713.03, and the S&P 500 was up 5.31, or 0.26%, to 2,034.86.
12:31 EDTFBEarnings Preview: Analysts expect Facebook to beat expectations in Q4 report
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11:31 EDTYHOOStocks with call strike movement; YHOO AAPL
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11:18 EDTFBFacebook January weekly volatility elevated into Q4 and outlook
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10:29 EDTYHOOOptions with decreasing implied volatility
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09:59 EDTYHOOOn The Fly: Analyst Upgrade Summary
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09:35 EDTFB, YHOOActive equity options trading
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09:15 EDTYHOOOn The Fly: Pre-market Movers
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07:50 EDTYHOOYahoo spin-off of Alibaba will unlock value, says UBS
UBS believes Yahoo's (YHOO) spin-off of Alibaba (BABA) will unlock shareholder value. The firm also viewed the company's growth initiatives and its organic investments to drive growth as positive. UBS reiterated its Buy rating and raised its price target to $62 from $60 on Yahoo shares.
07:31 EDTFB, YHOOAOL downgraded on rising competition at Wells Fargo
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07:26 EDTYHOOAlibaba more likely to buy back Yahoo stake due to spin plans, FT says
After Yahoo (YHOO) announced plans to split into two companies, one that will own Yahoo’s core operating business and its stake in Yahoo Japan and another that will hold a legacy operating business and Yahoo’s remaining 15% stake in Alibaba (BABA), people familiar with the matter told Financial Times that the decision significantly increases the chances of Alibaba buying back the stake since the spin-off will create a "shadow market" of its shares over which it will have little control. Reference Link
07:25 EDTYHOOYahoo price target raised to $61 from $53 at Jefferies
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07:12 EDTYHOOYahoo price target raised to $69 from $54 at Credit Suisse
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06:54 EDTYHOOYahoo price target raised to $60 from $43 at Cantor
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05:55 EDTYHOOStocks with implied volatility above IV index mean; YHOO HLF
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05:53 EDTYHOOYahoo upgraded to Buy from Fair Value at CRT Capital
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January 27, 2015
18:20 EDTYHOOOn The Fly: After Hours Movers
UP AFTER EARNINGS: ABIOMED (ABMD), up 27%... Yahoo (YHOO), up 7.2% after reporting fourth quarter results and that it is planning a tax-free spin-off of remaining Alibaba (BABA) stake... Freescale Semiconductor (FSL), up 10%... Marten Transport (MRTN), up 6%... U.S. Steel (X), up 9.2%... Key Tronic (KTCC), up 4%... Juniper Networks (JNPR), up 4.4%... Western Digital (WDC), consensus 2.6%... Electronic Arts (EA), up 4.8%... VMware (VMW), up 1.7%... AT&T (T), up 1.9%... Apple (AAPL), up 5.1%. ALSO HIGHER: Cirrus Logic (CRUS), up 2.9%, Skyworks (SWKS), up 1.3%, NXP Semiconductors (NXPI), up 1.5%, and Qorvo (QRVO), up 1% following Apple's first quarter results... EMC (EMC), up 2.1% following VMware's fourth quarter results... Alibaba (BABA), up marginally following Yahoo results and tax-free spin-off plans... DOWN AFTER EARNINGS: Ethan Allen (ETH), down 13.1%... EZCORP (EZPW), down 7.1%... International Game Technology (IGT), down 2.9%... Open Text (OTEX), down 4.4%. ALSO LOWER: Synergy Resources (SYRG), down 3.7% after filing to sell $150M of common stock.
17:46 EDTYHOOYahoo updates Q4 share repurchase activity
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16:18 EDTYHOOYahoo trades up after announcing tax-free spin-off of Alibaba stake
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16:17 EDTYHOOYahoo sees Q1 revenue ex-TAC $1.02B-1.06B, consensus $1.1B
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16:16 EDTYHOOYahoo jumps 6% after earnings, plan for tax-free spin of Alibaba stake
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16:15 EDTYHOOYahoo plans for tax-free spin-off of remaining stake in Alibaba
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16:13 EDTYHOOYahoo reports Q4 GAAP display revenue down 4% to $532M
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16:12 EDTYHOOYahoo reports Q4 GAAP search revenue up 1% to $467M
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16:11 EDTYHOOYahoo plans tax free spin-off of remaining Alibaba stake
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16:10 EDTYHOOYahoo reports Q4 EPS 30c, consensus 29c
Reports Q4 revenue ex-TAC $1.18B, consensus $1.19B.
15:35 EDTYHOONotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Apple (AAPL), consensus $2.60; AT&T (T), consensus 55c; Amgen (AMGN), consensus $2.05; Yahoo (YHOO), consensus 29c; ACE (ACE), consensus $2.29; Stryker (SYK), consensus $1.45; Western Digital (WDC), consensus $2.10; Electronic Arts (EA), consensus 92c; Juniper (JNPR), consensus 31c; Total System Services (TSS), consensus 53c; Freescale Semiconductor (FSL), consensus 33c; Amdocs (DOX), consensus 81c; VMware (VMW), consensus $1.07; International Game Technology (IGT), consensus 25c; United States Steel (X), consensus 87c; Cytec (CYT), consensus 61c.
14:51 EDTYHOOYahoo January weekly 48 straddle priced for 8% movement into Q4
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12:45 EDTYHOOEarnings Preview: Yahoo may announce Alibaba plans with Q4 earnings
Yahoo (YHOO) is expected to report fourth quarter earnings after the market close on Tuesday, January 27 with a conference call scheduled for 5:00 pm ET. Yahoo is a digital media company that provides properties and services such as Yahoo! Search and Yahoo! News. EXPECTATIONS: Analysts are looking for earnings per share of 29c on revenue of $1.19B. The consensus range is 17c-57c for EPS, and $1.16B-$1.22B for revenue, according to First Call. LAST QUARTER: Yahoo reported Q3 EPS 52c against estimates of 30c on revenue ex-tac of $1.09B against estimates of $1.04B. The company reported Q3 GAAP display revenue down 5% to $447M and Q3 AAP search revenue up 4% to $452M. Looking ahead, Yahoo expected Q4 revenue ex-TAC $1.14B-$1.18B, Q4 non-GAAP net income $190M-$230M, and Q4 adjusted EBITDA $340M-$380M. Yahoo also said Tumblr monthly active users exceeds 1B, up 6% vs. last year. In regards to the Alibaba (BABA) sale, Yahoo expected taxes of $3.3B in Q1. NEWS: In the past quarter, Starboard and other major Yahoo supporters have voiced their support for a combination with AOL (AOL). In a letter to Yahoo's CEO and board, Starboard also said Yahoo should explore monetization for non-core minority equity investments. In a separate NY Times report, other major unnamed shareholders are collaborating to push for a merger with AOL. The Associated Press also reported that Yahoo may announce its plans for Alibaba during its Q4 earnings report. The report noted that investors hope CEO Marissa Mayer will spin off the $37B stake to ease potential taxes. Yahoo has also been rumored to be in talks to acquire a cable network. Re/code's Kara Swisher, however, said Yahoo is not buying CNN and Variety reported Yahoo has not held talks to buy Food Network from Scripps (SNI). During a Credit Suisse Technology Conference in December, Yahoo's CFO said the company's total headcount has been taken down. The company also noted that its PC display business has been challenged, but mobile is growing. IT will continue to invest in Search and is looking at new ways to monetize Flickr. STREET RESEARCH: Ahead of the Q4 earnings, BGC Financial said Yahoo is unlikely to announce a spin-out with earnings. Citigroup meanwhile believes an Alibaba spin-off will likely occur in the second half of 2015 as Yahoo begins to return to focus on its core business. Citi adds that core Yahoo is showing "green shoots "as fast growing mobile revenue become a bigger part of overall results. FBR Capital sees positive risk/reward for Yahoo shares ahead of Q4 earnings, saying expectations are low for core Yahoo business at a time when engagement is improving. PRICE ACTION: Yahoo shares have risen more than 19%, since the first day of trading following the company's Q3 report. In Tuesday afternoon trading ahead of the Q4 report, Yahoo shares are trading up 2.3%.
09:59 EDTFBFacebook January weekly volatility increases into Q4 and outlook
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09:13 EDTFBTwitter adds group messaging to mobile app, Re/code says
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07:38 EDTFBFacebook Q4 results should beat expectations, says MKM Partners
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05:58 EDTYHOOStocks with implied volatility above IV index mean; YHOO HLF
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05:45 EDTFBFacebook says global outage caused by internal glitch, BBC News reports
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January 26, 2015
16:01 EDTFBOptions Update; January 26, 2015
iPath S&P 500 VIX Short-Term Futures down 1.47 to 30.63. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX X MSFT BP GILD according to Track Data.
13:26 EDTYHOOYahoo volatility increases into Q4 and ad outlook
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12:45 EDTFBFacebook January weekly volatility increases into Q4 and outlook
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10:00 EDTYHOOOn The Fly: Analyst Initiation Summary
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08:48 EDTYHOOYahoo with a Neutral at Rosenblatt
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08:12 EDTYHOOYahoo risk/reward positive into earnings, says FBR Capital
FBR Capital sees a positive risk/reward for Yahoo (YHOO) shares into tomorrow's Q4 earnings report. The firm says the delta in value between a fully taxed Alibaba (BABA) stock sale and a tax-shielded transfer is $15 per share, with every 10% percentage point tax rate deduction worth $4 to Yhaoo's stock price. FBR also believes expectations are low for the core Yahoo business at a time when engagement is improving. It cut its price target for Yahoo to $56 from $60 to reflect a lower Alibaba share price and keeps an Outperform rating on the shares.
06:44 EDTYHOOSoftbank awaiting Yahoo announcement on Alibaba, WSJ says
Yahoo's (YHOO) upcoming announcement regarding its 15% Alibaba (BABA) stake and 35.5% Yahoo Japan stake may affect Softbank's (SFTBF) plans for Alibaba, reports the Wall Street Journal's Digits blog, citing an SMBC Nikko analyst. Sprint (S)-owner Softbank has a 32% stake in Alibaba and a 43% stake in Yahoo Japan. Analysts say Softbank is unlikely to purchase Yahoo's shares in either company, though a Yahoo Japan buyback is "more plausible." Reference Link
06:29 EDTYHOOYahoo core business showing 'green shoots,' says Citigroup
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06:26 EDTYHOOYahoo may absorb Tumblr sales force, Re/code says
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06:07 EDTYHOOStocks with implied volatility above IV index mean; YHOO HLF
Stocks with implied volatility above IV index mean; Yahoo (YHOO) 46, Herbalife (HLF) 101 according to iVolatility.
January 23, 2015
16:01 EDTFBOptions Update; January 23, 2015
iPath S&P 500 VIX Short-Term Futures up 80c to 32.10. Option volume leaders: AAPL TSLA TWTR AMZN FB FXCM X GDP PBR according to Track Data.
15:36 EDTFBFacebook January weekly volatility increases into Q4 and outlook
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14:22 EDTYHOOYahoo volatility elevated into Q4 and ad outlook
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08:07 EDTFBU.S. tech giants nervous about backlash in Europe, WSJ says
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07:37 EDTYHOODistribution news could increase Yahoo value to $67 per share, says MKM Partners
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06:46 EDTFBFacebook downplaying FBX, Digiday says
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January 22, 2015
16:00 EDTFBOptions Update; January 22, 2015
iPath S&P 500 VIX Short-Term Futures down 2.13 to 31.32 Option volume leaders: AAPL TSLA TWTR AMZN FB FXCM AVP BAC according to Track Data.
13:53 EDTFBFacebook initiated with a Sell at Societe Generale
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13:50 EDTYHOOYahoo launches new art initiative, Business Insider says
Yahoo's Tumblr announced a new initiative, Creatrs, that will help artists license their work and protect their legal rights, according to Business Insider. Under the program Tumblr will also utilize users' art and provide art to advertisers, Business Insider added. Reference Link
13:46 EDTYHOOYahoo may attract buyers without Alibaba stake on sheets, Bloomberg reports
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10:20 EDTFBFacebook January weekly volatility elevated into Q4 and outlook
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10:18 EDTYHOOYahoo volatility elevated into Q4 and ad outlook
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08:33 EDTFBFacebook Q4 North America revenues trending slightly ahead, says ITG Research
ITG Research said Facebook's Q4 North American revenues are tracking to $1.8B vs. its prior estimate of $1.775B and consensus of $1.721B.
06:11 EDTFBWhatsApp now available in web browsers
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January 21, 2015
16:00 EDTFBOptions Update; January 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1.63 to 33.49. Option volume leaders: AAPL TSLA TWTR AMZN FB RIG C ABX SIRI NFLX according to Track Data.
14:35 EDTYHOOYahoo unlikely to announce spin-out with earnings, says BGC Financial
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January 20, 2015
06:57 EDTFBFacebook to upgrade Messenger app, experiment with revenue generation, WSJ says
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06:39 EDTYHOOYahoo to announce Alibaba plans on or before January 27, AP says
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06:02 EDTFBFacebook acquires boutique firm Teehan+Lax, terms not disclosed
Toronto-based boutique firm Teehan+Lax announced in a blog post on Friday that the company will join Facebook's design team in California. T+L said "In a few weeks we will be moving to the San Francisco Bay Area. This will mean saying goodbye to family, friends, Toronto, and Teehan+Lax." Terms of the deal have not been disclosed. Reference Link
06:01 EDTYHOOStocks with implied volatility above IV index mean; HLF YHOO
Stocks with implied volatility above IV index mean; Herbalife (HLF) 113, Yahoo (YHOO) 54 according to iVolatility.
January 18, 2015
16:34 EDTFBFacebook job listings hint at push into virtual reality, Reuters says
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January 16, 2015
10:56 EDTYHOOStocks with call strike movement; AAL YHOO
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06:15 EDTYHOOYahoo's Prashant Fuloria to oversee all ad products, WSJ reports
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06:04 EDTYHOOYahoo CEO Mayer may be giving Flurry execs more power, Re/code reports
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