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Stock Market & Financial Investment News

News Breaks
May 14, 2014
04:55 EDTFUEL, FUEL, RHT, RHTCredit Suisse to hold a conference
3rd Annual Disruptive Technology Conference to be held in San Francisco on May 14-15.
News For FUEL;RHT From The Last 14 Days
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February 26, 2015
10:36 EDTFUELOptions with decreasing implied volatility
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February 25, 2015
10:37 EDTFUELOptions with decreasing implied volatility
Options with decreasing implied volatility: FUEL GREK NLNK HLSS SLXP LL VNDA AWAY DWA TRUE
February 24, 2015
10:08 EDTFUELOptions with decreasing implied volatility
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February 23, 2015
10:17 EDTFUELOptions with decreasing implied volatility
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February 20, 2015
16:20 EDTFUELOn The Fly: Closing Wrap
Stocks on Wall Street opened in negative territory with time running out for Greece to reach an extension of its bailout agreement. The morning was filled with headlines from both Greek and eurozone finance leaders, many of which indicated that prospects for a deal looked grim. When reports surfaced that an agreement on an extension had been reached the Dow took off and hit its first new high of 2015. The S&P 500 followed to its own new high and the Nasdaq continued to close in on the 5,000 level. ECONOMIC EVENTS: In the U.S., Markit's flash PMI rose to 54.3 in February, versus the consensus forecast for a preliminary reading of 53.6 for the month. In Europe, the Eurogroup and Greece reached a tentative deal for an extension of the current EFSF Master Financial Assistance Facility Agreement for up to four months. The deal is predicated on Greek authorities presenting a first list of reform measures, based on the current arrangement, by the end of Monday. Also, the Eurozone flash composite PMI came in at 53.5, versus expectations for a reading of 53. The services PMI was better than expected, while the manufacturing PMI was lower than expected. COMPANY NEWS: Deere reported Q1 earnings per share of $1.12 and revenue of $6.38B, which beat consensus forecasts of 84c and $5.59B, respectively. However, Deere said company equipment sales are projected to decrease about 17% for fiscal 2015 and now sees net income to be about $1.8B, which is down from the company's prior net income outlook of $1.9B. Analysts at Wells Fargo calculate that the implied EPS guidance from Deere dropped to $5.25 from $5.50. Consensus for FY15 EPS prior to Deere's report was $5.51. Shares of the farm, construction and forestry equipment maker rose 72c, or 0.79%, to $92.43 following this morning's report. MAJOR MOVERS: Among the notable gainers was National Bank of Greece (NBG), whose shares trading in New York jumped 35c, or 21.74%, to $1.96 after the Greek aid extension deal was negotiated. Also higher was Springleaf (LEAF), which gained $4.40, or 12.88%, to $38.57 after Reuters reported that the company has beaten out rival bidders and is in advanced talks to buy consumer finance unit OneMain Financial from Citigroup (C) for more than $4B. Two stock that dropped after their earnings reports prompted multiple analyst downgrades were Noodles & Company (NDLS), which plunged $8.84, or 31.87%, to $18.90, and Rocket Fuel (FUEL), which fell $3.95, or 26.74%, to $10.82. INDEXES: The Dow rose 154.67, or 0.86%, to 18,140.44, the Nasdaq gained 31.27, or 0.63%, to 4,955.97, and the S&P 500 advanced 12.85, or 0.61%, to 2,110.30.
12:49 EDTFUELOn The Fly: Midday Wrap
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11:12 EDTFUELRocket Fuel gets multiple downgrades after earnings, but Janney still positive
Shares of Rocket Fuel (FUEL) are plunging after the company reported lower than expected fourth quarter revenue and provided first quarter revenue guidance that came in below expectations. Several analysts responded to the news by downgrading the stock, but research firm Janney Capital wrote that the company's potential reward still outweighs its risks. Rocket Fuel has developed a decision making and modeling platform that is based on big data and artificial intelligence. WHAT'S NEW: Rocket Fuel reported a Q4 per share loss, excluding certain items, of (18c), versus analysts' consensus estimate of a (21c) per share loss. The company's revenue came in at $139.5M, versus the consensus outlook of $147M. Rocket Fuel provided Q1 revenue guidance of $57M-$58M, versus the consensus outlook of $69.5M. Of note, the company said, "Given the limited visibility inherent in our rapidly growing and changing industry, Rocket Fuel is only providing specific financial guidance for the first quarter of 2015." ANALYST REACTION: A number of firms downgraded Rocket Fuel following the company's results. Piper Jaffray analyst Gene Munster downgraded the shares to Neutral from Overweight, saying that the company's transition to "more of a software platform" has made its risk/reward ratio unattractive, while its results raise questions about its business model. Meanwhile, Oppenheimer analyst Jason Helfstein downgraded the shares to Perform from Outperform, as he believes that the company lacks positive catalysts. Needham also downgraded the shares, cutting its rating on the stock to Hold from Buy. Although Rocket Fuel provided "very disappointing" Q1 guidance and the company is running into difficulties selling its products at trading desks, the company can overcome its challenges over time, Janney Capital analyst Murali Sankar contended. Rocket Fuel has started to build stronger relationships with the executives of trading firms, according to the analyst, who lowered his fair value estimate on the shares to $17.50 from $25.50, but kept a Buy rating on the stock. PRICE ACTION: In late morning trading, Rocket Fuel fell 25% to $11. Over the last year the stock is down about 79%.
10:01 EDTFUELOn The Fly: Analyst Downgrade Summary
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09:15 EDTFUELRocket Fuel downgraded to Neutral from Overweight at Piper Jaffray
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08:57 EDTFUELRocket Fuel potenial reward still outweighs risks, says Janney Capital
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08:21 EDTFUELRocket Fuel downgraded on lack of catalysts
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08:04 EDTFUELRocket Fuel downgraded to Hold from Buy at Needham
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06:01 EDTFUELRocket Fuel downgraded to Perform from Outperform at Oppenheimer
February 19, 2015
18:19 EDTFUELOn The Fly: After Hours Movers
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16:25 EDTFUELRocket Fuel sees Q1 non-GAAP revenue $57M-$58M
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16:24 EDTFUELRocket Fuel reports Q4 adjusted EPS (18c), consensus (21c)
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14:04 EDTFUELRocket Fuel February volatility increases into Q4 and outlook
Rocket Fuel February call option implied volatility is at 350, March is at 107, April is at 75; compared to its 26-week average of 72 according to Track Data, suggesting large near term price movement into the expected release of Q4 results today after the market close.

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