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Stock Market & Financial Investment News

News Breaks
August 7, 2014
12:14 EDTFOXA, HAR, THOR, MTLS, XONE, DDD, SSYS, PCLN, CTRP, SNIOn The Fly: Midday Wrap
Stocks on Wall Street began the session higher, thanks in part to better than expected initial jobless claims data and an agreement to extend the ceasefire between Israel and Gaza. The averages saw their highs a short time after the open, but then began to drift lower. By mid-morning the Dow had crossed into negative ground and the S&P and Nasdaq soon followed, leaving the major indexes all in the red, but not by much, near noon. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 14K to 289K in the week ended August 2, versus expectations for 300K new claims. A report on consumer credit growth in June is expected at 3:00 pm ET. COMPANY NEWS: Shares of several 3D printer makers climbed after one of the companies in the sector, Stratasys (SSYS), reported stronger than expected second quarter results and raised its guidance. Near noon, Stratsys surged 19%, while 3D Systems rose 3%, Materialise (MTLS) advanced 6% and ExOne (XONE) gained more than 7%. MAJOR MOVERS: Among the notable gainers was Chinese online travel agency Ctrip.com (CTRP), which gained 10% after the company expanded its partnership with Priceline (PCLN) and received a $500M investment from the U.S. online travel giant. Also higher was 21st Century Fox (FOXA), which rose 6.5% after the company reported higher than expected fourth quarter earnings and the stock was upgraded to Market Perform from Underperform at Cowen. Among the noteworthy losers was Thoratec (THOR), which plunged 29% and was downgraded at Goldman, Credit Suisse and BTIG after reporting lower than expected second quarter revenues and lowering its FY14 profit guidance. Also lower following their earnings reports were Harman (HAR), which fell over 4%, and Scripps Networks (SNI), which dropped nearly 5%. INDEXES: Near midday, the Dow was down 37.98, or 0.23%, to 16,405.36, the Nasdaq was down 2.92, or 0.07%, to 4,352.13, and the S&P 500 was down 4.35, or 0.23%, to 1,915.89.
News For FOXA;CTRP;PCLN;SSYS;DDD;XONE;MTLS;THOR;HAR;SNI From The Last 14 Days
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October 22, 2014
10:09 EDTSSYS, MTLS, DDD, XONEOn The Fly: Analyst Initiation Summary
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09:55 EDTDDD3D Systems tumbles after results, levels to watch
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09:21 EDTDDDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
07:35 EDTDDD3D Systems down 10.7% after reporting preliminary Q3 results, FY14 guidance
07:34 EDTDDD3D Systems sees FY14 EPS 70c-80c, consensus 78c
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07:33 EDTDDD3D Systems reports preliminary Q3 EPS 16c-19c, consensus 21c
Reports Q3 revenue $164M-$169M, consensus $186M. CEO Avi Reichental stated, "We are disappointed that we failed to fully capitalize on the robust demand for our direct metal and consumer products during the quarter. While we worked very hard to deliver these products sooner, achieving manufacturing scale, quality and user experience targets took significantly longer than we had anticipated. Now that we have closed these availability gaps, we expect our revenue growth rate to increase"
October 21, 2014
16:18 EDTDDD3D Systems initiated with an Outperform at Oppenheimer
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16:18 EDTXONEExOne initiated with an Outperform at Oppenheimer
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16:17 EDTMTLSMaterialise initiated with a Perform at Oppenheimer
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16:17 EDTSSYSStratasys initiated with a Perform at Oppenheimer
10:00 EDTCTRPOn The Fly: Analyst Initiation Summary
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08:08 EDTCTRPCtrip.com initiated with a Buy at Citigroup
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06:02 EDTMTLSMaterialise to acquire OrthoView Holding for GBP8.47M
Materialise announced the acquisition of UK-based OrthoView Holdings. Materialise acquired OrthoView for a cash payment of GBP8.47M and a possible additional earn out payment of up to GBP360,000. At completion, OrthoView had an estimated GBP1.2M in cash and cash equivalents on hand and no financial debt. The transaction, which was signed and closed simultaneously, is expected to be accretive to earnings per share within 12 months. The transaction combines the frontrunner in 2D templating on X-ray images with Materialise's market-leading position in 3D pre-operative planning tools to provide surgeons and hospitals a one-stop shop for surgical planning software tools and corresponding 3D printed medical devices.
06:01 EDTMTLSMaterialise acquires OrthoView for GBP 8.47M
Materialise announced the acquisition of UK-based OrthoView Holdings. Materialise acquired OrthoView for a cash payment of GBP 8.47M, and a possible additional earn out payment of up to GBP 0.36M. At completion, OrthoView had an estimated GBP 1.2M in cash and cash equivalents on hand and no financial debt. The transaction, which was signed and closed simultaneously, is expected to be accretive to earnings per share within 12 months. The transaction combines the frontrunner in 2D templating on X-ray images with Materialise's market-leading position in 3D pre-operative planning tools to provide surgeons and hospitals a one-stop shop for surgical planning software tools and corresponding 3D printed medical devices.
October 20, 2014
16:24 EDTPCLN, CTRPPriceline raises stake in Ctrip.com to 7.9% from 6.88%
06:49 EDTFOXATumblr, TV shows collaborate to broaden reach, NY Times says
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October 19, 2014
18:38 EDTFOXASony's ‘Fury’ wins at the box office,'Gone Girl' keeps second place, WSJ says
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17:39 EDTFOXADish's AutoHop wins wins tentative ruling over Fox, Bloomberg says
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October 17, 2014
10:16 EDTTHORHigh option volume stocks
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09:33 EDTFOXATribune, 21st Century Fox renew, extend Seattle affiliate agreement
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