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Stock Market & Financial Investment News

News Breaks
August 11, 2014
06:09 EDTGPRO, SNDKStocks with implied volatility below IV index mean; GPRO SNDK
Stocks with implied volatility below IV index mean; GoPro (GPRO) 68, SanDisk (SNDK) 27 according to iVolatility.
News For GPRO;SNDK From The Last 14 Days
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September 29, 2014
10:55 EDTGPROGoPro price target raised to $90 from $60 at Piper Jaffray
Piper Jaffray raised its price target for GoPro shares to $90 after the company announced its new camera, HERO4. Piper keeps an Overweight rating on the stock. GoPro shares are up 6% to $86.98 in morning trading.
10:39 EDTGPROGoPro climbs higher after revealing new HERO4 camera line-up
Shares of mountable and wearable camera developer GoPro (GPRO) are climbing after the company announced its new HERO4 camera line-up. WHAT'S NEW: GoPro announced the camera offerings in its Hero4 lineup, including the $499 GoPro HERO4 Black, which shoots 4K video at up to 30 frames per second, 1080p HD video at 120 frames per second and 12-megapixel photos, as well as the HERO4 Silver, which offers may of the same features as the Hero4Black less some of the higher performance video capture modes including 4K30, 2.7K50 and 1080p120. The Hero4 Silver, which costs $399, includes GoPro's first built-in touch display. Finally, GoPro announced the HERO "entry-level" camera, which costs $129 and shoots 1080p HD video at 30 frames per second and 720p HD video at 60 frames per second. The company announced that the new HERO4 line will be available October 5 online and at select retailers worldwide. GoPro is also debuting new mounts and accessories on October 5, which include the Smart Remote, the Handler and the new BacPac Accessories, which correlate with the HERO4 line-up. ANALYST REACTION: Citigroup analyst Jeremy David said that while the company's rivals, such as Sony (SNE), are launching new products as well, GoPro isn't likely to be impacted much by competitive pressure. David foresees an upside risk to revenue and earnings per share in the third quarter. He believes that a broader array of price points for HERO devices might spark unit and/or ASP upside in Q4 and fiscal year 2015. David maintains a Neutral rating on GoPro with a $70 price target. PRICE ACTION: During mid-morning trading, GoPro rose $3.46 or 4.1%, to $85.47. Since it's IPO on June 26, GoPro's shares have increased 172.09%.
08:18 EDTGPROGoPro line-up has HERO4 with 4K at high end, $129 price at low end
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07:49 EDTGPROGoPro HERO4 could be announced next week, says Citigroup
Citigroup believes GoPro's HERO4 is likely to be announced in the next four weeks, possibly as early as next week. Citi notes the company's last three product launches in 2011, 2012 and 2013 occurred between October 1 and October 24. Citi expects the HERO4 to have better image quality, better battery life, and an LCD touch-screen. The firm thinks GoPro is unlikely to feel much competitive pressure, despite the launch of new products in the marketplace. It keeps a Neutral rating on GoPro with a $70 price target.
September 28, 2014
19:30 EDTGPROGoPro shares look overvalued, Barron's says
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September 26, 2014
11:35 EDTSNDKMicron advances after results, outlook beat expectations
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11:16 EDTGPROOptions with increasing implied volatility
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10:18 EDTGPROGoPro slips, levels to watch
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06:41 EDTGPROGoPro Q3 likely to hit high end of guidance, says JPMorgan
JPMorgan says GoPro's Q3 results are likely to come in at the high end of guidance after its channel checks indicated demand may have outstripped supply in the quarter. The firm believes the stock is now trading above fair value following the recent rally. It raised its price target for GoPro to $54 from $51 and keeps a Neutral rating on the name.
September 25, 2014
17:01 EDTSNDKSanDisk up 1.4% to $98.30 after Micron reports Q4 results
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12:29 EDTSNDKEarnings Preview: Several analysts positive on Micron ahead of Q4 report
Micron (MU) is expected to report fourth quarter earnings after the close on Thursday, September 25, with a conference call scheduled for 4:30 pm ET. Micron manufactures semiconductor devices, principally DRAM, NAND Flash and NOR Flash memory. EXPECTATIONS: Analysts are looking for earnings per share of 81c on revenue of $4.15B. The consensus range is 66c-$1.03 for EPS on revenue of $4.05B-$4.3B, according to First Call. LAST QUARTER: On June 23, Micron reported third quarter EPS of 79c, compared to the 70c consensus estimate of analysts. Micron's quarterly revenue of $3.98B beat expectations for $3.89B. Revenues for both DRAM and NAND Flash products were down slightly for the quarter compared to the prior quarter. The company’s overall consolidated gross margin of 34% for the third quarter was consistent with the second quarter, as mix-related decreases in average selling prices were essentially offset by corresponding decreases in manufacturing costs. STREET RESEARCH: On the day after its last report, Needham upgraded Micron to Strong Buy from Buy and raised its price target for the shares to $50 from $40. The firm said then that it expected NAND gross margins to improve in 2015 and recommended investors look past the company's Q4 margin guidance. On July 31, Goldman and Sterne Agee issued competing views on how comments from Samsung could impact Micron. On that day, Sterne Agee reported that Samsung said its DRAM bit growth in the second half of 2014 would be limited, while its 2015 bit growth will drop compared to this year. The firm saw the guidance as "a major positive" for Micron and SanDisk (SNDK) and kept Buy ratings on both. However, Goldman said Samsung's increased DRAM bit supply growth forecast was an incremental negative for Micron. Goldman continues to have a Neutral rating on shares of Micron. More recently, Sterne Agee said Micron's stock has lagged due to concerns about potentially weaker Q4 DRAM prices and worries about NAND seasonality. The firm thinks these concerns are misplaced and continues to view Micron as a beneficiary of industry consolidation over the long-term. The firm keeps a $40 price target and Buy rating on Micron. Wedbush said it expects Micron's Q4 results to beat consensus expectations and for the company to provide upbeat commentary. The firm thinks that investor sentiment towards the stock has stalled on concerns about unfavorable DRAM supply/demand dynamics in 2015. However, Wedbush remains bullish on memory market dynamics heading into 2015 and keeps a $37 price target and Outperform rating on the shares. UBS believes DRAM and NAND average selling price trends continue to be favorable for Micron in the near to medium term and that the company should report Q4 EPS and revenue that are in line with consensus or better. The firm maintains its Buy rating on Micron and raised its price target on the stock to $36 from $35 ahead of tonight's Q4 report. PRICE ACTION: Since the day after last quarter's report, shares of Micron have advanced about 1%. Ahead of tonight's report, Micron was down over 2% to $31.54 in afternoon trading.
07:35 EDTGPROHTC previews apparent GoPro competitor
Electronics maker HTC previewed its RECamera portable camera, which appears to be a competitor to devices from GoPro (GPRO), in a post to its official YouTube account entitled "Something Remarkable is Coming." In the post, HTC stated: "Visit RECamera.com on October 8th for the world premiere of a remarkable new product." Reference Link
06:12 EDTGPROGoPro implied volatility of 118 at upper end of index mean range
September 24, 2014
09:45 EDTGPROGoPro gaps up at open, runs higher
In what has become something of a pattern for the shares, there was a bullish gap up at the open with some follow through in rally form. At the current price of $75.55 the only resistance is the fresh life high at $76.25. Support is at $74.50. This run higher follows a brief period of consolidation, a sideways move, largely contained between $65 and $70 over the last two weeks. If traders can look past the clear stretch in valuation, the stock could still run on a pure momentum basis. The risk is there is very little real support below until that consolidation zone that starts at the $70 area.
07:11 EDTGPROGoPro volatility elevated, shares at record high
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September 19, 2014
08:03 EDTSNDKInvenSense, NXP, RF Micro chips included in iPhone 6, iFixit reports
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September 18, 2014
05:50 EDTGPROStocks with implied volatility movement; WLT GPRO
Stocks with implied volatility movement; Walter Energy (WLT) 86, GoPro (GPRO) 95 according to iVolatility.
September 16, 2014
12:08 EDTGPROStocks with call strike movement; GPRO YHOO
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09:59 EDTGPROOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ACI Worldwide (ACIW) initiated with a Neutral at Sterne Agee... ADP (ADP) initiated with a Market Perform at Bernstein... ANSYS (ANSS) initiated with a Sector Perform at RBC Capital... Accenture (ACN) initiated with a Market Perform at Bernstein... Blackhawk (HAWK) initiated with a Neutral at Sterne Agee... Coca-Cola (KO) initiated with a Market Perform at Cowen... Cognizant (CTSH) initiated with an Outperform at Bernstein... Constellation Brands (STZ) initiated with a Market Perform at Cowen... Dr Pepper Snapple (DPS) initiated with a Market Perform at Cowen... GenCorp (GY) initiated with a Hold at KeyBanc... Global Payments (GPN) initiated with a Neutral at Piper Jaffray... GoPro (GPRO) initiated with a Buy at Cleveland Research... Green Dot (GDOT) initiated with a Neutral at Sterne Agee... Lionsgate (LGF) initiated with a Buy at ISI Group... MEDNAX (MD) initiated with a Neutral at SunTrust... MasterCard (MA) initiated with a Buy at Sterne Agee... Molson Coors (TAP) initiated with an Outperform at Cowen... Monster Beverage (MNST) initiated with a Market Perform at Cowen... NetSuite (N) initiated with an Outperform at RBC Capital... Oracle (ORCL) assumed with a Sector Perform at RBC Capital... PepsiCo (PEP) initiated with an Outperform at Cowen... SAP (SAP) initiated with a Sector Perform at RBC Capital... Teekay (TK) initiated with a Hold at Deutsche Bank... Tesla (TSLA) initiated with a Buy at ISI Group... Visa (V) initiated with a Buy at Sterne Agee... Western Union (WU) initiated with a Neutral at Sterne Agee... Workday (WDAY) initiated with an Outperform at RBC Capital... Yelp (YELP) initiated with a Neutral at RW Baird... Zillow (Z) initiated with an Overweight at Stephens... zulily (ZU) initiated with an Outperform at RW Baird.
08:18 EDTGPROGoPro initiated with a Buy at Cleveland Research
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