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News Breaks
July 18, 2014
09:24 EDTRECN, ERIC, AMD, NQ, CPHD, ICLD, RP, NUS, HBAN, TGP, GE, SWKS, GOOGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Google (GOOG), up 3.5%... Skyworks (SWKS), up 9%... Ericsson (ERIC), up 7.7%... Huntington Bancshares (HBAN), up 3.8%... General Electric (GE), up 0.9%. HIGHER: Intercloud Systems (ICLD), up 13% after announcing over $23M in new business backlog for FY14... Resources Connection (RECN), up 10% after earnings, upgrade at RW Baird. DOWN AFTER EARNINGS: Advanced Micro Devices (AMD), down 17%... Cepheid (CPHD), down 4.7%. LOWER: RealPage (RP), down 25% after reporting preliminary second quarter revenue below analyst estimates, downgrades at JMP Securities and William Blair... Nu Skin (NUS), down 4.5% after downgraded at BofA Merrill Lynch... NQ Mobile (NQ), down 21.1% after dismissing PwC as the company's auditor, engaging Marcum Berstein & Pinchuk as replacement... Teekay LNG (TGP), down 5% after filing to sell 2.8M common units for limited partners.
News For GOOG;NUS;NQ;SWKS;RP;AMD;GE;ICLD;ERIC;TGP;CPHD;RECN;HBAN From The Last 14 Days
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February 1, 2016
13:24 EDTGOOGTesla bull cuts target as competition ramps more quickly than new models
Shares of Tesla (TSLA) dipped significantly in early trading before later rebounding after Morgan Stanley cut its price target on the automaker to $333 from its previous $450, with the research firm citing a slow production ramp for its new car models, potentially weakened consumer demand amid cheap oil, and clearly heightening competition in the electric and autonomous vehicle space. LOW DEMAND, MORE COMPETITION: Morgan Stanley analyst Adam Jones cut his price target on Tesla to $333 from $450, arguing Monday that the carmaker is facing a slow production ramp for the Model X as well as the Model 3, which Jones said may launch in late 2018, missing the company's internal target by at least one year. It is reasonable to assume, Jones said, that Tesla is taking a deliberate, quality-conscious pace for Model X production while also shuffling personnel to help with the car's early rollout, impacting the launch of the mass-market Model 3 even as the company grapples with potentially reduced consumer demand in today's cheap oil environment. Given his assumption of lower volumes, the analyst's revised his 2020 forecast for complete vehicle deliveries to less than half of Tesla's own 500,000 target. For 2016, the analyst cut his total delivery forecast 2% to roughly 70,000 units, including a revision of Model X expectations to 15,000 from 18,500. Contributing to Tesla's headwinds, its consumer energy storage solution looks to be more expensive than previously thought, while competition in the shared and autonomous mobility arena has increased markedly. Indeed, competing efforts from Ford (F), Volkswagen (VLKAY), Alphabet (GOOG) and many others appear "genuine" and are likely to see significant investment follow-through, potentially pressuring Tesla's margins as it increases R&D spend to keep pace, Jones argued. That said, the analyst keeps an Overweight rating on the shares, explaining that while Tesla remains a high risk name that burns plenty of cash to fuel its ambitious plans, it may still be the best positioned company in the ongoing "Auto 2.0" transition. PRICE ACTION: After quickly dropping as low as $182.75 in early trading, shares of Tesla are now up 2.6% to $196.14 in afternoon trading.
09:20 EDTGOOGU.K. opposed to EU sanctions against Google-favored Bermuda, Observer says
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09:07 EDTGEGE to stop making coiled compact fluorescent lamps for U.S. market
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08:32 EDTGEGE Hitachi Nuclear Energy completes services outage at PWR facility
GE Hitachi Nuclear Energy announced the successful completion of its first services outage at a Pressurized Water Reactor, or PWR, facility. The outage, completed in partnership with Exelon Generation at the R.E. Ginna Nuclear Power Plant in Ontario, New York, was completed under budget and ahead of schedule with no safety-related or human performance issues. GEH is a part of a global nuclear alliance created by GE and Hitachi to serve the global nuclear industry.
08:20 EDTGOOGTwitter jumps after The Information breaks potential deal
Shares of Twitter (TWTR) are rising in pre-market trading after tech reporter Jessica Lessin said private equity firm Silver Lake and investor Marc Andreessen and have "considered some sort of deal" for the microblog service operator. WHAT'S NOTABLE: Lessin said in her report published on her site, The Information, that she did not know if deal considerations are "active" now with Andreessen and private equity firm Silver Lake. Silver Lake calls itself "the global leader in technology investing," stating that it has over $26B in combined assets under management. FREQUENT SPECULATION TARGET: Twitter has often been the subject of takeover rumors in the past year. Last April, Re/code's Kurt Wagner reported that Google (GOOG) and Facebook (FB) had looked at a potential acquisition of Twitter in the past, but noted at that time that neither tech giant was in discussions to acquire the social network owner. On January 20, News Corp. (NWSA) declined comment to CNBC regarding speculation about its potential interest in acquiring Twitter. Speculation also circulated the same day regarding an activist investor taking an interest in Twitter, trading sources told The Fly. PRICE ACTION: In pre-market trading near 8:15 am ET, Twitter rose 7% to $18 per share.
08:09 EDTGOOGOptions expected to be active
Options expected to be active: GOOGL GOOG YHOO UPS KORS UPS BAX RCL CCL PFE AET D STR DWA CMG ABT SYK.
07:09 EDTGOOGAlphabet volatility elevated into Q4 and outlook
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06:14 EDTGOOGGoogle tests solar-powered internet drones, Guardian reports
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05:46 EDTGEGE Oil & Gas reports over $700M of customer agreements
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05:44 EDTGEGE Oil & Gas announces investments in Italy worth $600M
GE Oil & Gas announced a new Memorandum of Understanding that will lead to the investment of $600M over the next five years in Italy. The MoU was signed today in Florence by GE Oil & Gas at a ceremony attended by the Minister of Economic Development Federica Guidi, the President of Tuscany Region Enrico Rossi, GE's Chairman and CEO Jeff Immelt, the President and CEO of GE Italia Sandro De Poli, the President and CEO of GE Oil & Gas Lorenzo Simonelli and the President of Nuovo Pignone Massimo Messeri. The investment in significant research, development and technological innovation in the country reaffirms GE Oil & Gas' commitment to the Italian market, and reinforces its cooperation with universities, SMEs and the regional economy where it operates. Tuscany is the home to Oil & Gas' Turbomachinery Solutions division and is also present in Lombardy, Calabria and Apulia. Another Memorandum of Understanding has been signed in the last weeks between Avio Aero - a GE Aviation business - and the Italian Minister of Economic Development, consisting of EUR200M over the next four years and involving Piedmont, Apulia and Campania, the geographical areas in which Avio Aero employs about 4,000 people. The MoU announced today will see GE Oil & Gas operations invest $600M over the next five years establishing a centre of global excellence in Tuscany for the oil and gas sector that will involve 500 highly qualified people coming from GE, universities, research labs, and small and medium-sized enterprises. The project aims at increasing Italian production by 50% and increase company revenue by $1.7B in five years. The program, named Galileo, supports the development of gas turbines and centrifugal compressors with a 5-65MW power range and innovative digital technologies covering their entire life cycle with aim of optimising the performance and operative life of the products.
January 31, 2016
19:15 EDTGOOGGoogle adds dedicated VR design team, Re/code says
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14:12 EDTGOOGApple should avoid 'dubious' M&A, focus on cloud, AI development, Barron's says
"Impatient" investors encouraging Apple (AAPL) to become a mere dividend payer or make "dubious" acquisitions are not making much sense, Barron's contends in its 'Technology Trader' column. Apple continues to innovate and its iPhone franchise "will endure," though the one area where Apple lags behind peers and "can and should" make progress is cloud computing, according to the publication. Alphabet (GOOG), Facebook (FB) and Microsoft (MSFT) are making large strides in cloud and artificial intelligence, but the company still has "plenty of opportunity" to catch up given its product install base, Barron's says. Reference Link
January 29, 2016
15:55 EDTGOOGAlphabet February weekly 740 straddle priced for 6.7% movement into Q4
09:34 EDTGEActive equity options trading on open: AMZN MSFT FB AAPL GILD GE
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09:21 EDTSWKSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Gigamon (GIMO), up 17.7%... Fortinet (FTNT), up 10%... Flextronics (FLEX), up 10%... Skyworks (SWKS), up 5.7%... Seagate Technology (STX), up 4.9%.. Microsoft (MSFT), up 4.6%. ALSO HIGHER: Inovio Pharmaceuticals (INO), up 8.1% after CEO says Zika vaccine could enter human testing this year... J.C. Penney (JCP), up 2.1% after being upgraded to Neutral from Underperform at Credit Suisse... BRF S.A. (BRFS), up 3.1% after being upgraded to Buy from Hold at Deutsche Bank... Axiall (AXLL), up 83.4% after rejecting $20 per share acquisition proposal from Westlake Chemical (WLK)... Energous (WATT), up 12% after Bloomberg reported that Apple (AAPL) is working with partners in the U.S. and Asia to develop new wireless charging technology. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 10.1%... Electronic Arts (EA), down 6.2%... AbbVie (ABBV), down 4%... American Airlines (AAL), down 1.3%. ALSO LOWER: Gilead Sciences (GILD), down 5.5% after CEO John Martin to assume role of executive chairman and COO John Milligan will be promoted to CEO.
08:13 EDTGOOGAlphabet volatility elevated into Q4 and outlook
Alphabet February weekly call option implied volatility is at 60, February is at 42, March is at 33; compared to its 52-week range of 16 to 42, suggesting large near term price movement into the expected release of Q4 results on February 1.
07:39 EDTSWKSSkyworks price target lowered to $105 from $110 at Canaccord
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07:35 EDTSWKSSkyworks should be bought at current levels, says Oppenheimer
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06:29 EDTSWKS, GOOGOptions expected to be active: AMZN EA MSFT EWJ FLEX SWKS GOOG GOOGL FB
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06:10 EDTGEGE intends to invest $760M in Italy R&D facilities, Bloomberg reports
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