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Stock Market & Financial Investment News

News Breaks
April 13, 2012
14:34 EDTAA, GOOG, NOK, WFC, FB, JPMStocks set to finish week lower as global growth worries intensify
Concerns about the global growth outlook became dominant on Wall Street after interest rates on Spanish bonds reached record levels and China reported lower than expected GDP growth... MACRO NEWS: The interest rates on Spanish bonds reached record levels on Tuesday and the yield on Italian bonds rose sharply on Thursday, as concerns about the countries' high debt levels resurfaced... China reported that its GDP grew 8.1% year-over-year last quarter, versus the consensus estimate of 8.4%. The world's second largest economy expanded at an 8.9% clip in Q4... On a positive note, the Fed reported in its Beige Book that residential real estate "improved somewhat" in most regions... COMPANY NEWS: Google (GOOG), JP Morgan (JPM), Wells Fargo (WFC), and Alcoa (AA) all reported higher than expected Q1 EPS... Facebook (FB) agreed to buy Instagram, the creator of a popular photo-sharing app for mobile devices, for $1B in cash and shares... Nokia's (NOK) stock tumbled on Tuesday after the company lowered the outlook for its devices and services business.
News For GOOG;JPM;WFC;AA;FB;NOK From The Last 14 Days
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August 14, 2015
16:16 EDTGOOGStocks end week higher after China rattles market with currency moves
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16:00 EDTFBOptions Update; August 14, 2015
iPath S&P 500 VIX Short-Term Futures down 4c to 16 Option volume leaders: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT RAD CSCO JCP AMZN SUNE
12:29 EDTFB, GOOGComcast to launch online video platform called Watachable, Business Insider says
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12:29 EDTFBKing Digital sinks after posting weaker than expected network metrics
Shares of King Digital (KING), an interactive entertainment company for the mobile world, are sinking after the company reported weaker than expected network metrics in the second quarter. WHAT'S NEW: After the close on Thursday, King Digital reported Q2 adjusted earnings per share of 49c and revenue of $500M, ahead of analysts' consensus estimates of 43c and $490.03M, respectively. King reported Q2 total gross bookings of $529M, above the high end of its previously provided guidance range, but down 12% sequentially and 13% year over year. Excluding the impact of changes in foreign exchange rates, King said gross bookings would have decreased by approximately 11% sequentially, and by approximately 6% y/y. King noted that 81%, or $430M, of gross bookings were derived from the mobile audience. The company said "Candy Crush Saga," "Candy Crush Soda Saga" and "Farm Heroes Saga" ranked within the top 10 grossing games in App Store and Play Store in the U.S. during Q2. King said its monthly unique users fell 1% to 340M in Q2, down from 345M last year, while monthly active users were 501M vs. 485M last year; daily active users were 142M in Q2 vs. 138M last year. The company said year-over-year increases in monthly active users and daily active users were primarily due to the introduction of new games, particularly "Candy Crush Soda Saga," partially offset by decline in "Candy Crush Saga" and other more mature games. It said increases also reflect growth in activity from mobile players, partially offset by continued decrease in activity from Facebook (FB) players. WHAT'S NOTABLE: Looking ahead, King Digital said it expects gross bookings in the third quarter of $460M-$485M based on the timing of game releases and recent trends. The company sees fourth quarter bookings "fairly consistent sequentially." ANALYST REACTION: This morning, JPMorgan analyst Doug Anmuth downgraded King Digital Entertainment to Neutral from Overweight citing an elevated risk profile following the company's Q2 results. King's network metrics were weaker than expected while a key component of the company's pipeline, the upcoming mid-core game, is pushed to 2016, Anmuth said. He cut the price target for shares to $17 from $20. PRICE ACTION: In early afternoon trading, King Digital fell $1.81, or 11.84%, to $13.40 on nearly four times its average daily trading volume. Including today's pull back, the shares have lost approximately 3% over the past year. OTHERS TO WATCH: Other companies in the mobile gaming space include Glu Mobile (GLUU), Zynga (ZNGA), Shanda Games (GAME), Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two Interactive (TTWO).
11:24 EDTFBStocks with call strike movement; AAL FB
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10:13 EDTFBAnalyst says Twitter CEO decision could come next week
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09:37 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL TWTR FB NFLX TSLA QIHU JCP BABA BP
09:08 EDTGOOGEtsy can keep secrets on Irish unit due to register change, Bloomberg reports
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06:21 EDTFBFacebook's Parse open-sources all software development kits
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06:00 EDTGOOGStocks with implied volatility below IV index mean; BIIB GOOG
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August 13, 2015
17:37 EDTJPMEight banks agree to pay $2B to settle currency rigging suit, Reuters says
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16:00 EDTFBOptions Update; August 13, 2015
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14:16 EDTAAAluminum nears six-year low as lower yuan may add to supply, Bloomberg says
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14:04 EDTGOOGDell, Google launch premium professional Chromebook
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13:52 EDTJPMBlackstone sells Boston properties for approximately $1.3B, Bloomberg says
Blackstone (BX) agreed to sell two office buildings in Boston for approximately $1.3B to a unit of JPMorgan (JPM) and Oxford Properties Group, Bloomberg reports, citing two people with knowledge of the contract. Reference Link
10:46 EDTGOOGGoogle given until August 31 to respond to EU antitrust charges, Reuters reports
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09:37 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL CSCO M TSLA BAC GILD BABA FB SLW GPRO SUNE NLY ABX NFLX MSFT
06:50 EDTJPM, WFCDanoff bullish on Wells Fargo, other banks, Reuters reports
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06:21 EDTGOOGGoogle startup Niantic Labs to become an independent comapny
Niantic Labs, a startup within Google that has launched an augmented reality game called Ingress as well as a location discovery app called Field Trip, is becoming an independent company, it announced on Google Plus. The company says, "We'll be taking our unique blend of exploration and fun to even bigger audiences with some amazing new partners joining Google as collaborators and backers. Niantic will be building on the success of +Ingress, which has been downloaded more than 12M times, has attracted more than 250,000 people to live events around the world, and has inspired users to collectively walk the distance from the earth to the sun while playing, exploring and discovering." Reference Link
06:02 EDTGOOGStocks with implied volatility below IV index mean; BIIB GOOG
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