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Stock Market & Financial Investment News

News Breaks
January 31, 2014
09:04 EDTABBV, ENTA, DLLR, SLCA, IMGN, NOV, LYB, CYTR, TNP, CTXS, JDSU, TSN, MAT, MA, CMG, ZNGA, WMT, AMZN, GOOGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Google (GOOG), up 4%... Chipotle (CMG), up 11.8%... JDSU (JDSU), up 6%... Tyson Foods (TSN), up 2.6%... ImmunoGen (IMGN), up 7%... LyondellBasell (LYB), up 2.4%... National-Oilwell Varco (NOV), up 1.8%. ALSO HIGHER: Zynga (ZNGA), up 18% after pre-announcing results, announcing job cuts and agreeing to buy privately-held NaturalMotion for about $527M... Citrix (CTXS), up 2% after upgrades at Nomura and JPMorgan... Enanta Pharmaceuticals (ENTA), up 15% after reporting on studies being conducted by AbbVie (ABBV) for the treatment of genotype 1 hepatitis C virus. DOWN AFTER EARNINGS: Amazon (AMZN), down 8%... Mastercard (MA), down 5.6%... Mattel (MAT), down 10%... U.S. Silica (SLCA), down 14%... DFC Global (DLLR), down 22.8%. ALSO LOWER: Wal-Mart (WMT), down xx% after warning now sees Q4 EPS at or slightly below low end of prior view.
News For GOOG;AMZN;WMT;ZNGA;CMG;MA;MAT;TSN;JDSU;CTXS;TNP;CYTR;LYB;NOV;IMGN;SLCA;DLLR;ENTA;ABBV From The Last 14 Days
Check below for free stories on GOOG;AMZN;WMT;ZNGA;CMG;MA;MAT;TSN;JDSU;CTXS;TNP;CYTR;LYB;NOV;IMGN;SLCA;DLLR;ENTA;ABBV the last two weeks.
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July 17, 2014
07:37 EDTMAVisa MasterCard underperformance creates buying opportunity, says Oppenheimer
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06:50 EDTAMZN, GOOGAirbus considering partnering with high tech companies, NY Times says
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06:47 EDTGOOGGoogle plans big push in India for Android One initiative, The Informations says
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06:18 EDTMATMattel reports Q2 Girls and Boys Brands sales down 13% to $389M
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06:18 EDTMATMattel reports Q2 EPS 8c, not comparable to consensus 18c
Q2 EPS of 8c includes tax benefit of 11c per share and negative impact of 7c per share of MEGA Brands acquisition and integration costs. Reports Q2 revenue $1.06B, consensus $1.19B
05:53 EDTABBVStocks with implied volatility movement; HLF ABBV
Stocks with implied volatility movement; Herbalife (HLF) 52, AbbVie (ABBV) 30 according to iVolatility.
July 16, 2014
17:39 EDTGOOGeBay says Google search algorithm change slowed traffic in June
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17:23 EDTTSNTyson Foods commences tender offer for Hillshire Brands for $63 per share cash
Tyson Foods (TSN) announced that it has commenced a cash tender offer for all outstanding shares of common stock of Hillshire Brands (HSH) at a price of $63.00 per share. The tender offer is being made pursuant to the previously announced merger agreement dated July 1, among the two companies and HMB Holdings, a wholly owned subsidiary of Tyson Foods. The tender offer period will expire at 12:00 midnight at the end of the day on August 12, unless the offer is extended. Tyson Foods has filed a tender offer statement on Schedule TO with the United States SEC. HMB Holdings is the acquirer in the tender offer. The Offer to Purchase contained within the Schedule TO sets out the terms and conditions of the tender offer. Hillshire Brands has also filed a Solicitation/Recommendation Statement with the SEC, which includes the recommendation of the Hillshire board of directors that Hillshire Brands stockholders tender their shares in the tender offer. Following successful completion of the tender offer, any shares not acquired in the tender offer will be acquired in a second-step merger at the same $63 per share cash price.
17:09 EDTSLCAU.S. Silica to acquire Cadre Services for $98M cash
U.S. Silica Holdings announced that it has signed a stock purchase agreement to acquire all of the outstanding shares of Cadre Services for approximately $98M in cash. Closing is expected by the end of the month. The purchase price of $98M, less the net present value of approximately $14M in deferred tax assets, results in $84M of net consideration. Adjusted LTM EBITDA of $11.1M represents a purchase price multiple of 7.6 times. Projected 2015 Adjusted EBITDA of approximately $18M after synergies and the benefit of a full year of sales from the March capacity expansion represents a purchase price multiple of 4.7 times. This would result in Adjusted EPS accretion of 11c-13c per share in 2015.
16:00 EDTAMZN, GOOGOptions 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.
14:55 EDTMATMattel July 39 straddle priced for 5.1% move into Q2
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13:40 EDTCMGChipotle Mexican Grill July weekly volatility increases into Q2
Chipotle Mexican Grill July weekly call option implied volatility is at 62, August is at 40, September is at 30, December is at 28; compared to its 26-week average of 32 according to Track Data, suggesting large July price movement into expected the release of Q2 results after the market close on July 21.
12:47 EDTGOOGYahoo falls after results disappoint, details additional plans for Alibaba stake
Shares of media and search engine company Yahoo (YHOO) are falling after the company's second quarter results fell short of analysts' consensus estimates. The company also said it will lower the amount of stock it will sell in Alibaba's initial public offering to 140M shares and that it plans to return "at least half" of its after-tax proceeds from the stake sale to its shareholders. WHAT'S NEW: Last night, Yahoo reported Q2 earnings per share of 37c and revenue ex-tac of $1.04B, narrowly missing analysts' consensus estimates of 38c and $1.08B, respectively. The company's Q2 display ad revenue fell 7% to $394M, while Q2 price per ad fell 24% versus last year. Q2 search revenue ex-tac increased 6% to $428M. Yahoo said that in Q2, the number of ads sold increased approximately 24% compared to last year, while the number of paid clicks increased approximately 3%. Price-per-click increased 15% compared to last year. Marissa Mayer, Yahoo's Chief Executive Officer, said that as the company's top priority is revenue growth, it is "not satisfied" with Q2 results. Mayer noted that several areas showed strength in the quarter, including Yahoo Search, which grew 6% year-over-year on a revenue ex-tac basis, but their growth was offset by declines. Meyer says the company needs to "work faster to ameliorate" negative trends in display. Mayer says the company "can and will do better" going forward. WHAT'S NOTABLE: Looking ahead, Yahoo forecast third quarter revenue ex-tac of $1.02B-$1.06B, below the consensus of $1.1B. The company also guided Q3 adjusted earnings before interest, taxes, depreciation and amortization, or EBTIDA, at $220M-$260M and non-GAAP operating income of $70M-$110M. Yahoo also noted that it will lower the number of shares it sells in the Alibaba IPO to 140M from 208M, and is committed to return at least half of the after-tax IPO proceeds to shareholders. Mayer noted on the company's earnings conference call that "A transformation of this size will take several years," adding that "it will take a little longer than originally forecasted." ANALYST REACTION: This morning, research firm CRT Capital downgraded Yahoo to Fair Value from Buy, citing mixed Q2 earnings and weak guidance. The firm sees pressure on ad pricing continuing for at at least two to three quarters. Another firm, Bernstein, lowered their price target on Yahoo to $40 from $43 following the company's weaker than expected results and said that it would return 50% of its proceeds from the Alibaba IPO to shareholders. The firm thinks there is an increased risk that Yahoo will use the other 50% on M&A, and Bernstein sees high risk that the M&A will destroy value. Bernstein kept an Outperform rating on the stock. Piper Jaffray said Yahoo should be owned ahead of the Alibaba IPO, noting its agreement with Alibaba to reduce the number of shares it will sell at the IPO should outweigh the "unsurprising" challenges in the company's core business. The firm, which kept an Overweight rating on the stock, expects the stock to react positively on the Q2 earnings report. PRICE ACTION: In early afternoon trading, Yahoo fell $1.66, or about 4.7%, to $33.95 on heavy trading volume. Despite today's pull back, the stock is up approximately 25% over the past 12 months. OTHERS TO WATCH: Yahoo peer AOL (AOL) is down over 4.% to $38.98. Jackie Reses, Yahoo's chief of mergers and acquisitions, said at the Fortune Brainstorm Tech Conference that the company is not planning to buy AOL, Re/code reported this morning. Mayer previously told a number of people that she does not "get" the merger.
11:50 EDTMATMattel technical comments before earnings
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10:58 EDTAMZNAmazon testing 'Kindle Unlimited' subscription service, Gigaom reports
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10:58 EDTGOOGSamsung in talks to buy SmartThings for about $200M, TechCrunch reports
Samsung is in talks to acquire SmartThings, a company in the home automation space that allows users to connect devices like lights and doorlocks to a system controlled by their mobile phone, TechCrunch reports. The purchase price is said to be around $200M. Reference Link
07:59 EDTABBVTreasury Secretary urges Congress to take action on tax inversions
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07:26 EDTCMGChipotle likely to report another sales upside quarter, says William Blair
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07:24 EDTCTXSSiemer & Associates to hold a summit
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06:14 EDTGOOGABI Research: More than 2B smartphones to ship in 2018, DigiTimes says
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