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Stock Market & Financial Investment News

News Breaks
March 26, 2014
09:13 EDTGLUU, KING, ZNGAGlu Mobile positive thesis supported by recent developments, says Roth Capital
Roth Capital believes that recent industry developments, including Zynga's (ZNGA) acquisition of Natural Motion and the upcoming IPO of King Digital (KING), support its positive thesis on Glu Mobile (GLUU). The firm keeps a $6 price target and Buy rating on Glu.
News For GLUU;ZNGA;KING From The Last 14 Days
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November 20, 2014
06:59 EDTKINGKing Digital new Candy Crush game off to 'great' start, says Deutsche Bank
Deutsche Bank says King Digital's newly launched Candy Crush Soda Saga hit the top downloaded app and top 5 grossing app in the U.S. faster than any King game in history. Deutsche says it is incrementally more positive on the stock and upped its price target for shares to $16 from $13. It keeps a Hold rating on the name.
November 19, 2014
07:30 EDTKINGMorgan Stanley to hold a conference
European Technology, Media & Telecoms Conference is being held in Barcelona, Spain on November 19-21.
November 17, 2014
13:09 EDTZNGAZynga's Pincus, directors must face lawsuit over 'lockup' sales, Reuters says
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November 13, 2014
11:57 EDTKINGKing Digital rallies after Cowen says new game looks like a hit
King Digital's (KING) new Candy Crush Soda Saga digital game launched on Apple's (AAPL) iOS operating system and Google's (GOOG) Android operating system earlier this week. In a note to investors today, research firm Cowen wrote that the game looks poised to be a "significant hit" for King. WHAT'S NEW: Candy Crush Soda Saga, the sequel to King's extremely popular Candy Crush Saga game, launched on iOS and Android on Tuesday after having previously been available only on Facebook (FB). The game features new environments, new candies and "kooky" new characters, King stated in its announcement of the game's expanded release. ANALYST REACTION: In a note to investors, Cowen analyst Doug Creutz wrote that Candy Crush Soda Saga is already in 13th place on the U.S. top-grossing games charts for both iPhone and iPad. The game will "almost certainly" provide a significant boost to King's Q4 revenue, and the company's Q4 gross bookings are likely to surpass its guidance by a meaningful amount, Creutz forecast. King's guidance factored in only a modest revenue contribution from Candy Crush Soda Saga, the analyst stated. The guidance was based on the assumptions that the revenue generated by Candy Crush Soda Saga would increase relatively slowly, and that the revenue generated by King's other games would decline as a result of the sequel's launch, the analyst stated. Neither of these assumptions appears to be occurring so far, he wrote. Adding that analysts' consensus Q4 estimates and the company's Q4 guidance "look very conservative," Creutz "aggressively reiterated" his Outperform rating on the shares. PRICE ACTION: In late morning trading, King rose 10% to $15.50.
10:44 EDTKINGOptions with decreasing implied volatility
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10:19 EDTKINGKing Digital 'meaningful' upside to Q4 guidance likely, says Cowen
Cowen says King Digital's Candy Crush Soda Saga has already risen to 13th on the U.S. top-grossing games charts for both iPhone and iPad despite being out for only two days. The firm thinks "meaningful upside" to the company's Q4 revenue outlook is now "very likely" and reiterates an Outperform rating on the stock with a $27 price target.
09:40 EDTZNGAActive equity options trading
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November 12, 2014
10:34 EDTKINGOptions with decreasing implied volatility
Options with decreasing implied volatility: RMTI RPRX KATE PNK CZR KING TSLA UBNT LOCO GNRC
November 11, 2014
13:55 EDTZNGAYuoTube hires Zynga executive to lead consumer products group, Re/code says
Google's (GOOG) YouTube has hired Manuel Bronstein, a Zynga (ZNGA) executive, to lead its consumer products group, says Re/code. According to the Re/code report, YouTube has had a series of notable managers depart in the last year. Reference Link
10:39 EDTKINGOptions with decreasing implied volatility
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10:00 EDTZNGAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcentra Capital (ABDC) upgraded to Outperform from Market Perform at Keefe Bruyette... Ambac Financial (AMBC) upgraded to Neutral from Sell at MKM Partners... Banco Bilbao (BBVA) upgraded to Buy from Reduce at Nomura... Darden (DRI) upgraded at KeyBanc... ICU Medical (ICUI) upgraded to Overweight from Neutral at Piper Jaffray... IMAX (IMAX) upgraded to Buy from Neutral at Goldman... Juniper (JNPR) upgraded to Buy from Neutral at Nomura... Michaels (MIK) upgraded to Overweight from Equal Weight at Morgan Stanley... Midcoast Energy (MEP) upgraded to Outperform from Neutral at Credit Suisse... Midstates Petroleum (MPO) upgraded to Outperform from Market Perform at Northland... Monroe Capital (MRCC) upgraded to Outperform from Neutral at RW Baird... NuVasive (NUVA) upgraded to Outperform from Market Perform at Cowen... ONEOK Partners (OKS) upgraded to Outperform from Neutral at Credit Suisse... ORBCOMM (ORBC) upgraded to Overweight from Equal Weight at First Analysis... Pattern Energy (PEGI) upgraded to Outperform from Neutral at Macquarie... Targa Resources Partners (NGLS) upgraded to Outperform from Neutral at Credit Suisse... Time Warner (TWX) upgraded to Conviction Buy from Neutral at Goldman... Tremor Video (TRMR) upgraded to Buy from Hold at Jefferies... Western Gas Partners (WES) upgraded to Outperform from Neutral at Credit Suisse... Yamana Gold (AUY) upgraded to Overweight from Neutral at HSBC... Zynga (ZNGA) upgraded to Buy from Hold at Jefferies.
09:17 EDTZNGAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: FMSA Holdings (FMSA), up 4.7% following third quarter results. ALSO HIGHER: AVEO Pharmaceuticals (AVEO), up 7.6% after entering agreement with Ophthotech (OPHT) to license tivozanib... Ophthotech is 2.1% higher in pre-market trading... Galena Biopharma (GALE), up 3.6% after first patient dosed in NeuVax and Herceptin combination Phase 2 trial... Yamana Gold (AUY), up 3% after being upgraded to Overweight from Neutral at HSBC... Ambac Financial (AMBC), up 3.1% after being upgraded to Neutral from Sell at MKM Partners... China Finance (JRJC), up 12.4% after announcing a new partnership with Great Wall Securities... Zynga (ZNGA), up 5.7% after being upgraded on mobile business growth at Jefferies... Fiat Chrysler (FCAU), up 2.2% after being initiated with a Conviction Buy at Goldman. DOWN AFTER EARNINGS: Applied Optoelectronics (AAOI), down 10.7%... Ekso Bionics (EKSO), down 2.2%. ALSO LOWER: Alibaba Group (BABA), down 1.6% following comments made by vice chairman Joseph Tsai in an interview.
07:36 EDTZNGAZynga upgraded on mobile business growth at Jefferies
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05:49 EDTZNGAZynga upgraded to Buy from Hold at Jefferies
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November 10, 2014
10:17 EDTKINGOptions with decreasing implied volatility
Options with decreasing implied volatility: RMTI ACHN RPRX ARCP SALE ZU KING UBNT KATE AWAY

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