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Stock Market & Financial Investment News

News For FB;ZNGA;YUM;MDRX;BX;CBK;FIVE;NTLS;S;VRSN From The Last 14 Days
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December 11, 2014
07:49 EDTBXThe New York Times to hold a conference
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07:21 EDTBXShell starts sale process for Tongyi JV stake, WSJ reports
Royal Dutch Shell (RDS.A) has started the sale process for 75% its stake in a Chinese oil lubricants business in a deal that could fetch up to $500M, The Wall Street Journal reports, citing sources. Blackstone (BX) is in a "strong" position in first round bids for the Tongyi oil lubricants joint venture, the sources say. Reference Link
05:54 EDTBXBlackstone implied volatility of 23 at lower end of index mean range
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December 10, 2014
16:44 EDTYUMOn The Fly: Closing Wrap
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13:06 EDTYUMAnalysts divided on Yum! following preannouncement
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12:24 EDTYUMOn The Fly: Midday Wrap
Stocks on Wall Street opened in negative territory and have remained there throughout the morning. The averages have moved in a narrow range as the price of crude continues to fall. Near noon, WTI crude was down another 5% to roughly $60 per barrel. The weakness is effecting equities, as investors are concerned the oil price weakness is indicative of the slowing global economy. ECONOMIC EVENTS: In the U.S., House and Senate lawmakers reportedly reached a deal on a nearly $1.1T bill to fund most of the government through September and avert a shutdown. The EIA estimated crude oil supplies grew 1.5 Mmbbls last week, while consensus expected a 2.7 Mmbbls decrease. The Treasury budget statement for November is expected at 2:00 pm ET, with the consensus expectation for a deficit of $63B. COMPANY NEWS: Shares of JPMorgan (JPM) declined 2% after guidelines proposed yesterday by the Federal Reserve would likely result in the firm managing to a higher capital buffer. Additionally, JPMorgan CFO Marianne Lake, speaking earlier at a Goldman Sachs conference, said the bank sees its Q4 reported markets revenues down by a "high teens" percentage and that its "core" markets performance in Q4, excluding the sale of physical commodities and allocation of preferred dividend expense, is indicated down 4% to-date compared to last year's quarter. Lake became the latest bank executive to discuss a Q4 trading slump, after Bank of America (BAC) CEO Brian Moynihan, speaking yesterday at the same financial conference, said the bank expects its Q4 trading revenue to be down on both a linked-quarter and year-over-year basis. Also yesterday, Citigroup (C) CEO Michael Corbat estimated that the bank's Q4 markets revenue would be down year-over-year by about 5%. MAJOR MOVERS: Among the notable gainers was Analogic (ALOG), which rose 12% after the company reported better than expected quarterly earnings. Also higher was Novadaq (NVDQ), which gained 11.5% after the company signed a multi-year distributor agreement with LifeNet Health that analysts at Canaccord said could potentially be a big deal and materially help its near and long-term prospects. Among the noteworthy losers was Yum! Brands (YUM), which dropped nearly 5% after the owner of the KFC, Pizza Hut and Taco Bell brands issued a negative preannouncement on its China business and provided lower than expected 2015 EPS guidance. Also lower were shares of Krispy Kreme (KKD), which sunk 8% after the donut maker reported weaker than expected earnings and revenue. INDEXES: Near midday, the Dow was down 164.41, or 0.92%, to 17,636.79, the Nasdaq was down 32.79, or 0.69%, to 4,733.68, and the S&P 500 was down 17.43, or 0.85%, to 2,042.39.
11:12 EDTFBInstagram announces service now has over 300M users
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10:52 EDTYUMYum! Brands trades off session lows, levels to watch
The stock was last down 4% to $72.20, off the earlier low at $71 which is now support. At current price next resistance would be at $72.93, the session high.
10:24 EDTSSprint retreats after Oppenheimer cuts rating to Underperform amid price war
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10:20 EDTFIVEOptions with decreasing implied volatility
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10:00 EDTYUM, SOn The Fly: Analyst Downgrade Summary
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09:36 EDTFBActive equity options trading
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09:12 EDTSRadioShack threatens bankruptcy if cell phone deals not reworked, NY Post says
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08:27 EDTYUMYum! Brands valuation still attractive, says Bernstein
After Yum! negatively preannounced China sales and issued FY15 EPS guidance, Bernstein thinks the company's FY15 guidance is "appropriately conservative." The firm expects the company;'s China results to accelerate in 2H15, and adds that the company will likely face added pressure to unlock value if the pace of its China recovery is slower than expected. The firm keeps an Outperform rating on the shares.
08:09 EDTFBFacebook management to meet with UBS
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07:58 EDTSSprint downgraded to Underperform from Perform at Oppenheimer
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07:56 EDTYUM, YUMYum! Brands downgraded to Outperform from Buy at CLSA
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07:53 EDTNTLSUBS to hold a conference
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07:46 EDTYUMYum! Brands shares defended at Stifel
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07:39 EDTYUMYum! Brands now a 'show me' story, says UBS
UBS noted Yum! Brands revised its forward guidance and was disappointed as it undermined the confidence in the pace of the China recovery. The firm feels the guidance could be conservative, but said Yum! Brands is now a "show me" story with less benefit of the doubt offered ahead of a demonstrated recovery. UBS reiterated its Buy rating and $85 price target on Yum! Brands shares.
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