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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
Check below for free stories on FB;ZNGA;YUM;MDRX;BX;CBK;FIVE;NTLS;S;VRSN the last two weeks.
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July 30, 2014
06:51 EDTFBFacebook to shut down Gifts business, Re/code reports
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06:31 EDTST-Mobile, Sprint merger not anticipated prior to September, Reuters says
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06:16 EDTFBOptions expected to be active: TWTR BWLD AXP DWA PNRA AMGN X FB
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July 29, 2014
18:35 EDTFBOn The Fly: After Hours Movers
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16:01 EDTFBOptions Update; July 29, 2014
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15:53 EDTSNotable companies reporting before tomorrow's open
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12:23 EDTSWindstream REIT spin off plan provides jolt for stock, telecom sector
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12:13 EDTFBStocks with call strike movement; FB YHOO
RT Options Scanner shows Facebook (FB) December 85 call option implied volatility increased 3% to 36, Yahoo (YHOO) January 40 call option implied volatility increased 2% to 37 according to IVolatility.
06:43 EDTYUMAnalyst: China restaurants to obtain meat locally, China Daily says
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06:42 EDTFBFacebook user web browsing surveillance plan sparks worries, Bloomberg says
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July 28, 2014
16:00 EDTFBOptions Update; July 28, 2014
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13:11 EDTST-Mobile new offering substantive, says Wells Fargo
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09:50 EDTFBActive equity options trading on open
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06:47 EDTBXBlackstone purchases tower from Brookfield for $543M, Bloomberg says
Blackstone (BX) acquired a 330K square-foot office tower in London's financial district for $543M from Brookfield Property Partners (BPY), according to Bloomberg, citing a joint statement from both companies. Reference Link]:[http://www.bloomberg.com/news/2014-07-28/blackstone-buys-543-million-london-office-tower-from-brookfield.html]
06:23 EDTYUMHusi Shanghai withdraws products from marketplace
OSI Group, the parent company of Husi Shanghai issued a statement on its website saying that it is withdrawing all products manufactured by Husi from the marketplace. The company said, "To help rebuild the trust of our customers and consumers, as well as to cooperate with the official investigatory process, we are compelled to withdraw all products manufactured by Shanghai Husi from the marketplace. We are also conducting a thorough internal investigation into any possible failures on the part of current and former senior management. Should any misconduct be uncovered, we will take swift and decisive action against those responsible, including all relevant disciplinary and/or legal measures. In addition, a new management team has been brought in to China to ensure that operations run effectively. OSI will conduct a full, fair, and comprehensive investigation on managers at all levels for evidence of management failures. In the meantime, our local operations will be managed by global management in accordance with global standards of quality management. We remain committed to our presence in China and have sent our best team of global experts to ensure we resolve this. We are very proud of our team members and our operations in other parts of China. It reinforces our confidence and commitment to China. We have a great deal yet to deliver to China.” World-wide brands such as Yum! Brands' (YUM) KFC, McDonald's (MCD) and Starbucks (SBUX) were affected by the food scandal in the country after allegations arose speculating that Husi Shanghai supplied expired meat to the companies. Reference Link
06:16 EDTNTLSNTELOS backs FY14 Adjusted EBITDA guidance of $128M-$135M
Backs FY14 capital expenditures guidance of $110M-$120M.
06:16 EDTYUMOSI Group CEO says China food scandal 'completely unacceptable'
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06:14 EDTNTLSNTELOS reports Q2 EPS 2c, consensus 17c
Reports Q2 revenue $117.8M, consensus $120.24M. Total subscribers were 458,100 as of June 30, compared to 454,800 for the same period of 2013. Total subscriber gross additions for the Q2 were 39,000, compared to 40,100 for the same period of 2013. Total net subscriber additions for Q2 were 400, compared to 3,800 for the same period of 2013.
06:08 EDTNTLSNTELOS CEO Hyde resigns, director Rodney Dir appointed COO
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July 25, 2014
16:49 EDTFB, YUMS&P ends week little changed amid earnings deluge
The S&P 500 finished little changed this week as mixed U.S. economic data and continued geopolitical uncertainty offset strong earnings from a number of major companies and upbeat overseas economic data. MACRO NEWS: U.S. economic data was mixed, as fewer than expected jobless claims were reported and durable goods orders for June were slightly higher than expected, but new home sales for June and a preliminary purchasing managers' index for July came in below expectations... Investors received some positive economic news from overseas, as HSBC's preliminary China purchasing managers' index for July reached an 18-month high. Meanwhile, a preliminary PMI for the euro zone for July came in at 54, versus 52.8 in June... Ongoing conflicts between Israel and Hamas and Russia and Ukraine kept investors on edge, with Friday reports indicating that no truce accord had been reached in Israel and that Russia was building up its troop presence along the Ukrainian border. COMPANY NEWS: Among the notable companies whose stocks rose after they reported quarterly results were Facebook (FB), Apple (AAPL), Allergan (AGN) and Chipotle Mexican Grill (CMG). Notable companies whose stocks sold off following their results included Netflix (NFLX), Harley-Davidson (HOG), General Motors (GM), Boeing (BA), McDonald's (MCD) and Pandora (P)... McDonald's was also hit this week by revelations that its restaurants in China had sold expired meat that was allegedly intentionally supplied by a China-based company. Yum! Brands (YUM) and a provider of products to Starbucks (SBUX) are also believed to have bought and sold expired meat from the supplier... In M&A news, Bloomberg reported that real estate website operator Zillow (Z) held talks about buying its rival, Trulia (TRLA). Both stocks surged. Shares of SodaStream (SODA) also rallied after Bloomberg reported that the company is in talks about selling itself to an investment firm that would take the beverage system maker private... On Monday, hedge fund manager Bill Ackman promised on CNBC that his presentation about Herbalife (HLF) would show why the company "is going to collapse." But the shares actually surged higher during and immediately after Ackman's presentation. Ackman has a large short position in the stock and notably alleged it is a pyramid scheme... BlackBerry's (BBRY) CEO told the Financial Times that his company was in early talks about partnering with companies to target the enterprise markets, in order to counter a recently announced partnership between Apple and IBM (IBM). INDEXES: For the week, the Dow fell 0.83% to 16,960.57, the Nasdaq rose 0.4% to 4,449.56, and the S&P was flat at 1,978.34.
16:02 EDTFBOptions Update; July 25, 2014
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12:51 EDTVRSNOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday and on track to end a week marked by a torrent of earnings reports on a definite down note. Some high-profile disappointments weighed on the major averages, as Visa (V) and Amazon.com (AMZN) both fell significantly after their quarterly reports last night, dragging on the Dow and Nasdaq, respectively. The domestic economic calendar’s sole release of consequence, the durable goods orders report, came out before the open and was better than expected, but that did little to brighten the market's negative tone. ECONOMIC EVENTS: In the U.S., durable goods orders rebounded 0.7% in June after a 1.0% decline in the prior month, beating expectations for June increase of 0.5%. COMPANY NEWS: Shares of Amazon.com fell 10% after the e-commerce giant reported in-line second quarter revenue but a much higher than expected loss. A number of analysts responded to the news by downgrading the stock, while several others cut their price targets on the shares... Visa reported Q3 earnings per share and revenue that topped consensus forecasts, but its fiscal year EPS growth outlook was trimmed its fiscal year revenue growth view to be in the 9-10% range from its prior forecast for low double-digit constant revenue growth in the 10-11% range. Shares of the Dow Jones Industrial Average component slid 4% following the report and guidance. MAJOR MOVERS: Among the notable gainers following their earnings reports were Datalink (DTLK), which jumped 17%, Mellanox (MLNX), which rose 13%, and VeriSign (VRSN), which gained 11%. Among the noteworthy losers was WellCare (WCG), which plunged 20% after the managed care company pre-announced significantly weaker than expected results. Also lower following their earnings reports were Swift Transport (SWFT), which fell nearly 15%, and Pandora (P), which dropped about 13%. INDEXES: Near midday, the Dow was down 131.61, or 0.77%, to 16,952.19, the Nasdaq was down 24.45, or 0.55%, to 4,447.66, and the S&P 500 was down 9.04, or 0.45%, to 1,978.94.
11:13 EDTBXBlackstone in discussions to acquire 8 building in Italy, Bloomberg says
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10:02 EDTVRSNOn The Fly: Analyst Upgrade Summary
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09:37 EDTFBActive equity options trading on open
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06:21 EDTVRSNVeriSign upgraded to Neutral from Sell at Citigroup
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06:20 EDTVRSNVeriSign sees 2014 revenue $1.003B-$1.012B vs. previous $1.0B-$1.015B
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July 24, 2014
17:05 EDTFBOn The Fly: Closing Wrap
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16:30 EDTVRSNVeriSign boosts share buyback program by $491M to $1B
VeriSign said its board yesterday approved an additional authorization for share repurchases of approximately $491M of common stock, which brings the total amount to $1B authorized and available under Verisign's share buyback program, which has no expiration.
16:28 EDTVRSNVeriSign reports Q2 EPS 68c, consensus 64c
Reports Q2 revenue $250.4M, consensus $251.69M.
16:00 EDTFBiPath S&P 500 VIX Short-Term Futures down 10c to 28.08
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15:06 EDTFBFacebook, Uber discuss embedding service into Messenger, Re/code says
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12:32 EDTFBOn The Fly: Midday Wrap
Stocks on Wall Street were slightly higher at midday amid another wave of earnings reports, headlined by Facebook (FB), Caterpillar (CAT), General Motors (GM) and Ford (F). The market has moved in a narrow range as investors try to digest the bevy of earnings reports that were released last night and this morning. The market has also had to battle a negative economic report on new home sales, which not only disappointed in June but saw the prior month revised lower as well. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 19K to 284K in the week ended July 19. While the BLS said there were no special factors in the claims data, they also reminded that the numbers can be very volatile at this time of year due in part to auto shutdowns. Markit's flash U.S. PMI for July dipped 1 point to 56.3 from 57.3 in June. June new home sales fell 8.1% to a 406K rate, which was worse than expected, and May's data was downwardly revised. In China, HSBC's flash manufacturing Purchasing Managers' Index rose to 52 in July from 50.7 a month earlier. COMPANY NEWS: Facebook achieved a new all-time high and its share price eclipsed $76, a level that was more than double the price of its initial public offering, after its revenue and profits beat expectations. After the report a number of Wall Street analysts hiked their price targets on the stock, with Jefferies and Topeka both raising their targets on the social network operator's stock to $100... Shares of General Motors declined more than 3% after its earnings per share, excluding special items, missed consensus expectations and its revenue also fell short of the analysts' forecast. The company took a $400M special charge related to its ignition switch compensation program, but cautioned that there is no cap on this program and it is possible the total cost could increase by another $200M. Also, GM recorded a non-cash pre-tax special charge of about $900M in the second quarter for the estimated costs of future possible recalls for "up to the next 10 years on 30M GM vehicles on the road today." In contrast, Ford reported earnings per share, excluding special items, and revenue that beat expectations and its stock rose 1%... Caterpillar dropped over 3% after its quarterly revenue missed expectations and it narrowed its outlook for full-year revenue. However, the heavy machine maker's earnings did beat the consensus forecast and it raised it fiscal year profit outlook. MAJOR MOVERS: Among the notable gainers was Sodastream (SODA), which jumped nearly 20% after Bloomberg said the home beverage system maker is in talks with an investment firm on deal that would make it a private company and value it at about $828M, or $40 per share. Also higher following their earnings reports were Under Armour (UA), which rose 15%, and Dr. Pepper Snapple (DPS), which gained 5%. Among the noteworthy losers following their earnings reports were homebuilder DR Horton (DHI), which fell 10%, online travel company TripAdvisor (TRIP), which dropped 9%, and semiconductor chip maker Qualcomm (QCOM), which slid 6%. Also lower was review service operator Angie's List (ANGI), which plunged 19% after reporting second quarter losses per share and revenue that were worse than expected, prompting a number of downgrades of its stock by Wall Street analysts. INDEXES: Near midday, the Dow was up 8.25, or 0.05%, to 17,094.88, the Nasdaq was up 6.10, or 0.14%, to 4,479.80, and the S&P 500 was up 2.98, or 0.15%, to 1,989.99.
12:14 EDTFBFacebook shares hit double IPO price after results beat expectations
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11:25 EDTFBInstagram could be working on Snapchat competitor called 'Bolt," The Verge says
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09:36 EDTFBActive equity options trading on open
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09:16 EDTFBOn The Fly: Pre-market Movers
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08:49 EDTFBFacebook price target raised to $100 from $80 at Topeka
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08:32 EDTFBFacebook price target raised to $82 from $71 at RW Baird
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08:30 EDTBXCarlyle may be last firm in rigging suit as peers near settlement, NY Post says
Carlyle Group (CG) may soon be the only private equity firm left to settle a suit that accused it and several of its peers of conspiring to hold down deal prices and one source close to the situation said “my expectation is there will be a trial,” according to The New York Post. Bain Capital, Silver Lake and Goldman Sachs (GS) previously settled for a combined $150.5M and KKR (KKR), Blackstone (BX) and TPG Capital are expected to settle for an amount above that "within days," the report said. Reference Link
08:14 EDTFBFacebook price target raised to $90 from $79 at Oppenheimer
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08:07 EDTFBFacebook price target raised to $94 from $90 at UBS
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07:53 EDTFBFacebook price target raised to $84 from $75 at Canaccord
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07:53 EDTFBFacebook price target raised to $90 from $80 at JPMorgan
JPMorgan raised its price target for Facebook shares to $90 citing the company's "strong" Q2 results. It says Facebook remains a top pick with an Overweight rating.
07:46 EDTSWells Fargo to hold a symposium
2014 Small Cell Symposium to be held in New York on July 24.
07:41 EDTFBFacebook price target raised to $100 from $85 at Jefferies
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07:40 EDTFBFacebook price target raised to $90 from $83 at JMP Securities
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07:22 EDTVRSNVeriSign August volatility elevated into Q2 and outlook
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07:02 EDTFBFacebook margins likely to improve over time, says Cantor
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06:51 EDTYUMChina investigates 581 companies, restaurants as scandal broadens, Reuters says
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06:43 EDTFBFacebook reiterated as a top pick at Barclays
Barclays continues to rate FaceBook an Overweight and a top pick following the strong Q2 report. The firm sees further room for numbers to move higher and believes its ability to drive scale and personalized advertising is unmatched. Price target raised to $83 from $78.
06:19 EDTFBFacebook price target raised to $90 from $76 at Piper Jaffray
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July 23, 2014
18:34 EDTFBOn The Fly: After Hours Movers
UP AFTER EARNINGS: Fortinet (FTNT), up 7.8%... Hanesbrands (HBI), up 5.4%... 8x8 (EGHT), up 5.1%... Infinera (INFN), up 4.9%... Facebook (FB), reverses and is now trading up 5.1% following second quarter earnings conference call. NOTABLE: Twitter (TWTR), up 1.7%, LinkedIn (LNKD), up marginally, and Yelp (YELP), up 1.6% after Facebook reports second quarter results. ALSO HIGHER: Spectranetics (SPNC), up 7.1% after receiving FDA clearance for atherectomy products, Turbo-Tandem and Turbo Elite... Ariad Pharmaceuticals (ARIA), up 7.1%... Jamba (JMBA), up 3.8% after Engaged Capital reports stake in the company and announced that they had discussions with management. DOWN AFTER EARNINGS: AT&T (T), down 1.2%... Angie's List (ANGI), down 16.4%... Tripadvisor (TRIP), down 11.5%... Orchids Paper (TIS), down 7.4%... Cirrus Logic (CRUS), down 6.6%... Cliffs Natural (CLF), down 1.2%... Teradyne (TER), down 4%. ALSO LOWER: Kandi Technologies (KNDI), down 3.8% after being mentioned negatively in a Seeking Alpha blog post.
18:03 EDTFBFacebook CEO says expects to 'invest heavily' in company priorities
17:53 EDTFBFacebook CEO says focused on quality in roll-out of video ads
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17:42 EDTFBFacebook up over 5% as executives speak on Q2 conference call
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17:38 EDTFBFacebook CEO says 'Search is going to be a multi-year voyage'
17:35 EDTFBFacebook says push into 'commerce', payments is supplemental to advertising
Payments plans are mostly through partnerships. Also, the company noted it wants to streamline the process of buying from Facebook's customers, citing testing for "buy button." Comments made on Q2 earnings conference call.
17:22 EDTFBFacebook sees increased stock-based compensation expense in FY15
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17:20 EDTFBFacebook says Q2 price per ad up 123%
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17:09 EDTFBFacebook CEO says mobile advertising now 62% of total ad revenue
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16:24 EDTFBFacebook COO says now has 1.5M active advertisers, CNBC reports
16:09 EDTFBFacebook shares drop 1% to $70.60 following Q2 results
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16:09 EDTFBFacebook says mobile ad revenue represented 62% of ad revenue
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16:08 EDTFBFacebook reports mobile daily active users up 31% year-over-year
Facebook reports daily active users 829M on average for June 2014, an increase of 19% year-over-year. Mobile DAUs were 654M on average for June 2014, an increase of 39% year-over-year. Monthly active users were 1.32B as of June 30, 2014, an increase of 14% year-over-year. Mobile MAUs were 1.07B as of June 30, 2014, an increase of 31% year-over-year.
16:06 EDTFBFacebook reports Q2 EPS 42c, consensus 32c
Reports Q2 revenue $2.9B, consensus $2.81B.
16:00 EDTFBOptions Update; July 23, 2014
iPath S&P 500 VIX Short-Term Futures up 23c to 28.17. Option volume leaders: AAPL FB C GILD MSFT PBR NFLX AMZN TWTR TSLA according to Track Data
15:30 EDTFBNotable companies reporting after market close
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15:13 EDTYUMYum terminates all buying from scandal linked Chinese supplier, Reuters reports
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13:23 EDTFBFacebook July weekly 70.5 straddle priced for 7% move into Q2
13:06 EDTFBEarnings Preview: Analysts expect Facebook to beat Q2 estimates
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13:01 EDTSSprint teams with Google to offer Google Apps for business
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12:43 EDTFBFacebook technical comments ahead of results
The shares have outperformed in the last three months, trading up over 14% in that period to date. The trading range has been wide, with the $55 area at the low and $69 at the high as of yesterday's close. At the current price of $70.99 the stock is trading close to its life high at $72.59. On better news or guidance, that level would be the initial high to test. On a breakout given that there is no resistance overhead, a move to $75 and then to $80 would be possible. A caution for traders is that if news disappoints there is a very small short-base in the name. That could make a downside reaction stronger in the absence of buy-to-cover pressure. Similarly there is little in the way of demand for a short-squeeze either on good news. If news does disappoint a key level on the downside is at $64. This has been both resistance and support over the last three months. The $62 level has had a similar role as big support. It would likely take a major disappointment to break it. If that were to happen, the $60 level would be a next potential objective.
10:02 EDTMDRXOn The Fly: Analyst Upgrade Summary
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09:41 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX FB MSFT CELG TWTR TSLA VALE CNW
08:01 EDTBXBlackstone acquires majority stake in Service King Collision Repair Centers
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07:58 EDTFBFacebook July weekly volatility increases to 108 into Q2 and outlook
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07:45 EDTBXSEC to approve money fund rules with exemptions for discount brokers, WSJ says
New money-market mutual fund rules that are expected to be approved at a Securities and Exchange Commission meeting on Wednesday will exempt discount brokers like Charles Schwab (SCHW) from some provisions, reported The Wall Street Journal. Under the SEC's planned rules, "prime" money funds that are held by corporations and institutional investors will have to abandon a fixed $1-a-share price and float in value like other mutual funds, according to the report, citing people familiar with the matter. Analysts said Schwab and other large money-fund sponsors, Vanguard and Fidelity, would do well under the plan, according to the report. Blackstone (BX) also offers money-market mutual funds. Reference Link
07:17 EDTMDRXAllscripts upgraded to Buy from Hold at Jefferies
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06:56 EDTFBNY court calls Facebook CEO to testify at forgery trial, Reuters says
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06:48 EDTYUMFive people detained regarding China meat scandal investigation, Reuters says
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05:41 EDTMDRXAllscripts upgraded to Buy from Hold at Jefferies
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July 22, 2014
16:00 EDTFBOptions Update; July 22, 2014
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15:49 EDTBXBlackstone to buy majority stake in Service King from Carlyle, WSJ says
Blackstone's (BX) purchase from Carlyle Group (CG) of the majority stake in the repair chain values the company at about $650M, according to The Wall Street Journal, citing a source. Reference Link
14:25 EDTBXBlackstone to buy majority stake in Service King from Carlyle, Dow says
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14:05 EDTFBFacebook enhances mobile targeting for developers
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10:00 EDTFIVEOn The Fly: Analyst Upgrade Summary
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09:36 EDTFBActive equity options trading on open
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05:29 EDTFIVEFive Below upgraded to Outperform from Market Perform at Wells Fargo
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July 21, 2014
16:22 EDTYUMOn The Fly: Closing Wrap
Stocks on Wall Street began the trading day in negative territory and remained there through nearly the whole session. The market action was influenced more by the geopolitical events in Russia and Israel than by the upcoming avalanche of earnings scheduled for release throughout the week. Despite the weak open and subsequent drop during the first hour of trading, the market drifted off its lows and managed to pare its losses, even turning mixed for a short time. The averages dipped again heading into the bell, though they closed well of their worst levels. ECONOMIC EVENTS: In the U.S., the Chicago Fed's National Activity Index dipped to 0.12 in June from a reading of 0.16 in May. COMPANY NEWS: Allergan (AGN) rose $3.74, or 2.23%, to $171.14 after the company's Q2 results and its FY14 outlook beat expectations. The company, which is working to fend off a proposed acquisition by Valeant Pharmaceuticals (VRX), also announced plans to cut its workforce by 13%, or about 1,500 employees, as part of a broader restructuring effort. In related news, Valeant announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business." Later in the day, Bill Ackman of Pershing Square, who is partnering with Valeant in its attempt to buy Allergan, called the restructuring a "Valeant light" effort and said Valeant does not need to raise its bid for Allergan. Ackman explained that he believes that shares of Valeant will rise around $10 should the Allergan board engage in takeover talks with the company and that a $10 share rise would boost Valeant's bid for Allergan by $8 per share. MAJOR MOVERS: Among the notable gainers was Extreme Networks (EXTR), which rose 69c, or 15.79%, to $5.06 after the company raised its Q4 earnings per share outlook and narrowed its Q4 revenue view. Also higher were shares of EMC (EMC), which advanced $1.35, or 5.0%, to $28.33 after the Wall Street Journal reported, citing sources, that activist investor Elliott Management has taken a stake of over $1B in the data-storage company and plans to push it to break itself up and spin off VMware (VMW), which is 80% owned by EMC. Shares of VMware fell $2.36, or 2.48%, to $92.95 following the Journal's report. Among the other noteworthy losers was Monster Beverage (MNST), which fell $3.07, or 4.53%, to $64.74 after Morgan Stanley downgraded the stock, citing slowing U.S. trends and balanced valuation. Also lower were shares of Yum! Brands (YUM), which fell $3.29, or 4.25%, to $74.13 after Associated Press reported that the company's KFC brand and McDonald's (MCD) were sold expired beef and chicken in China from food supplier Husi Food. Shares of McDonald's, which is scheduled to report on its quarter before tomorrow's market open, slid $1.44, or 1.45%, to $97.55. INDEXES: The Dow fell 48.45, or 0.28%, to 17,051.73, the Nasdaq dropped 7.44, or 0.17%, to 4,424.70, and the S&P 500 declined 4.59, or 0.23%, to 1,973.63.
16:00 EDTFBOptions Update; July 21, 2014
iPath S&P 500 VIX Short-Term Futures up 65c to 28.53. Option volume leaders: AAPL FB NFLX DG CMCSA GILD PBR TWTR TSLA according to Track Data.
14:19 EDTFBFacebook allowing users to save items
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13:15 EDTFBGoogle ranked as top online video content property in June
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11:43 EDTYUMYum! Brands trades lower, levels to watch
The shares are trading close to session lows at $74.60 following news of a tainted meat scandal for KFC operations in China. Dragon TV of Shanghai reported that Husi Food Co. sold the company expired chicken repackaged with altered expiration dates. The $74 area is an important one technically for the shares. A breakdown below $74 would be bearish for future price. Holding price at $74 would put the stock back at the lows of the range since mid-February of this year.
11:00 EDTYUMStarbucks China says one of its suppliers got meat from Husi, Bloomberg reports
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09:38 EDTFBActive equity options trading on open
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09:10 EDTYUMOn The Fly: Pre-market Movers
HIGHER: Allergan (AGN), up 0.5% after Q2 results, FY14 outlook beat expectations and the company announces plans to reduce workforce by about 1,500 employees as part of restructuring. Also, Valeant (VRX) announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business"... Extreme Networks (EXTR), up 13% after raising Q4 EPS, revenue view... Gas Natural (EGAS), up 6% after confirming it rejected $13 per share unsolicited offer from Algonquin Power... EMC (EMC), up 4.5% after the WSJ says Elliot Management took a stake of over $1B in the firm and plans to push the company to break itself up... GoPro, (GPRO), up 2.8% after initiated at several firms including Citigroup, Barclays and JPMorgan... Kandi Technologies (KNDI), up 6% after China Daily said China will not to waive a sales tax on electric cars made by foreign companies. Tesla (TSLA) is down 1% following the report. UP AFTER EARNINGS: Halliburton (HAL), up 0.5%... LOWER: Reynolds American (RAI), down 2.3% after a Florida jury hit the company with $23.6B in punitive damages in a lawsuit filed by the widow of a longtime smoker. Shares of fellow tobacco companies also fell after the jury decision, as Lorillard (LO) fell 2% and Altria (MO) slid 1.6%... Yum! Brands (YUM), down 2% after AP reported that a Shanghai TV station said a food supplier sold expired beef and chicken to the company's KFC brand in China along with to McDonald's (MCD), which is down 0.7%. DOWN AFTER EARNINGS: PetMed Express (PETS), down 2.4%... Hasbro (HAS), down 1.3%.
08:55 EDTFBFacebook July weekly volatility increases into Q2
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07:45 EDTSSprint consensus estimates 'overly optimistic,' says Jefferies
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07:42 EDTYUMYum! Brands weakness a buying opportunity, says UBS
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07:15 EDTFBO'Reilly to hold a conference
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07:08 EDTFBFacebook Q2 results likely to beat expectations, says Cantor
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07:08 EDTFBFacebook struggles to find director of business operations at Instagram, BI says
Facebook has been struggling to find a new Director of Business Operations for Instagram ever since Emily White left for Snapchat seven months ago, Business Insider reports. Reference Link
06:57 EDTFBFacebook likely to report modest Q2 upside, says BofA/Merrill
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05:59 EDTYUMMcDonald's, KFC face expired food scandal in China, AP reports
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July 20, 2014
14:47 EDTSAfter paring Mexican assets Carlos Slim may look at T-Mobile, WSJ says
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July 18, 2014
16:47 EDTYUMMarket ends week higher as earnings, M&A offset geopolitical tensions
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12:21 EDTFBCable ad upfront volumes may drop 4% or more, WSJ says
Two of the U.S.'s biggest marketers, Procter & Gamble (PG) and General Motors (GM), have pulled back on their TV network advertising commitments in advance of the "upfront" selling season for cable networks, said The Wall Street Journal, citing people familiar with the matter. The overall volume of ad dollars committed to cable networks during the upfront, which is still under way, could be down 4% or more from last year, people familiar with the situation said. Notable owners of cable television stations include 21st Century Fox (FOXA), Time Warner (TWX), Disney (DIS), CBS (CBS), Comcast (CMCSA), Discovery (DISCA), Viacom (VIAB), and AMC Networks (AMCX). The report added that cutbacks partly reflect a shift of tv ad budgets to digital media, including online video. Google (GOOG) has a large presence in online video with YouTube and Facebook (FB) is taking steps to grow in the area. Reference Link
12:05 EDTFBStocks with call strike movement; FB YNDX
Facebook (FB) January 80 call option implied volatility decreased 3% to 36, Yandex (YNDX) January 37 call option implied volatility decreased 6% to 36 according to IVolatility.
09:48 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NQ GOOG GOOGL TSLA KGC TWTR AMZN ELNK AMGN FB
09:18 EDTSSoftbank hire of Arora from Google 'interesting,' says Wells Fargo
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07:14 EDTBXBlackstone, KKR, TPG discussing deal collusion suit settlement, Reuters says
Blackstone (BX), KKR (KKR) and TPG Capital are in discussions to settle a U.S. case accusing the firms of conspiring not to outbid one another and other buyout companies on takeovers of firms, according to Reuters, citing two people familiar with the matter. If all three companies settled, the Carlyle Group (CG) would be the only private equity company still up against a trial among 11 firms originally accused of colluding in agreements before the financial crisis occurred. Reference Link
07:08 EDTSSoftbank, T-Mobile final agreement could come after late August, Kyodo News says
According to Kyodo News, Softbank's (SFTBF) buyout talks with T-Mobile (TMUS) won't be settled until after late August. Deutsche Telecom (DTEGY) is "reluctant" to accept Softbank's business plan and is seeking a new plan, industry sources say. Reference Link
07:08 EDTYUMYum! Brands risk/reward attractive after decline, says Bernstein
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06:48 EDTFBJapan mobile messaging service pursues U.S. IPO, Bloomberg says
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July 17, 2014
16:52 EDTYUMOn The Fly: Closing Wrap
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16:01 EDTFBOptions Update; July 17, 2014
iPath S&P 500 VIX Short-Term Futures up 2.66 to 29.93. Option volume leaders: AAPL FB GOOG APA MSFT PBR SUNE AMZN TWTR TSLA according to Track Data.
14:28 EDTFBFacebook testing new 'Buy Button' feature to facilitate purchases
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12:15 EDTYUMYum! Brands sinks after miss but analyst still upbeat
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10:14 EDTFBFacebook view changed to Positive from Neutral at OTR Global (pre-open)
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10:01 EDTYUMYum! Brands falls after earnings, levels to watch
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09:43 EDTYUMYum! Brands: China to achieve 40% operating profit growth in FY14
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09:43 EDTYUMYum! Brands sees FY14 EPS growth of 20%, consnesus $3.73
The company expects to sustain double digit EPS growth in 2015 and beyond
09:40 EDTFBActive equity options trading on open
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09:36 EDTYUMYum! Brands Taco Bell breakfast option off to a 'great start'
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09:15 EDTYUMOn The Fly: Pre-market Movers
HIGHER: Dresser-Rand (DRC), up 15.5% after Manager Magazin says Siemens (SIEGY) preparing bid for the company. Other oil equipment companies with a market cap similar to Dresser-Rand's include Dril-Quip (DRQ) and Oil States (OIS)... Microsoft (MSFT), up 3.4% after announcing restructuring, including plans to cut up to 18K jobs. UP AFTER EARNINGS: Morgan Stanley (MS) up 1.5%... Sherwin-Williams (SHW), up 3%. DOWN AFTER EARNINGS: Mattel (MAT), down 7.3%... Sandisk (SNDK), down 7%... Yum! Brands (YUM), down 2.5%. LOWER: Orbitz (OWW), down 3% after results, 34M share spot secondary offering of stock priced at $8.25... Benefitfocus (BNFT), down 1% after 2.5M share Secondary priced at $38.50.
07:27 EDTBXBlackstone buys CatalunyaCaixa loan portfolio
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07:15 EDTYUMYum! Brands shares should be bought after mixed Q2 results, says Stifel
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07:13 EDTBXBlackstone reports total assets under management of $279B
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07:11 EDTBXBlackstone reports Q2 EPS $1.15, consensus 71c
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07:11 EDTBXBlackstone buys Catalunya Banc mortgage portfolio for $5B, Reuters says
Blackstone has purchased a large mortgage portfolio from Spain's Catalunya Banc for $5B in an agreement backed by fresh state funds as the government aims to sell the firm, reported Reuters. Reference Link
06:50 EDTFBAirbus considering partnering with high tech companies, NY Times says
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July 16, 2014
18:26 EDTYUMOn The Fly: After Hours Movers
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17:06 EDTYUMYum! Brands down 2.5% after reporting Q2 results below analyst estimates
17:03 EDTYUMYum! Brands falls after results, levels to watch
The shares are down 2.4% in the extended session following earnings. At the current price of $80.69 the stock has slipped below support at the 30-day moving average. Next support below is at the 50-day moving average, last at $78.71. Resistance is at $81.20.
16:12 EDTYUMYum! Brands reports Q2 EPS 73c, consensus 74c
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16:00 EDTFBOptions Update; July 16, 2014
iPath S&P 500 VIX Short-Term Futures down 70c to 27.25. Option volume leaders: AAPL FB GOOG AMZN TWTR TSLA C HPQ TWX INTC AMZN according to Track Data.
15:28 EDTYUMYum! Brands (YUM) July 82 straddle priced for 3.8% move into Q2
10:01 EDTNTLSNTELOS expansion of DISH program an incremental positive, says Wells Fargo
Wells Fargo views the expansion of NTELOS' (NTLS) fixed wireless broadband program with DISH (DISH) as an incremental positive for NTELOS and the firm believes the company's 2.5GHZ spectrum is an "important hidden asset." Wells thinks NTELOS will keep seeking "out of the box" partnerships in its service areas and keeps its Outperform rating on the stock.
09:58 EDTNTLSNTELOS, DISH expand Internet service pact to Virginia
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07:10 EDTBXBlackstone, Oaktree strive for Catalunya mortgage portfolio, Reuters says
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