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Stock Market & Financial Investment News

News Breaks
March 26, 2014
06:06 EDTSYMC, GRPNStocks with implied volatility below IV index mean; GRPN SYMC
Stocks with implied volatility below IV index mean; Groupon (GRPN) 55, Symantec (SYMC) 28 according to iVolatility.
News For GRPN;SYMC From The Last 14 Days
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November 26, 2014
11:08 EDTSYMCSony Pictures hack highlights need for more IT security spending, analyst says
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November 25, 2014
13:49 EDTSYMCPalo Alto rallies after results beat expectations
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13:16 EDTGRPNAngie's List retreats after Amazon reportedly launches local services site
Shares of Angie's List (ANGI) are sinking after The Wall Street Journal reported this morning that Amazon.com (AMZN) had launched a website that will connect consumers to local service providers. Angie's List connects users to local contractors and publishes consumers' reviews of contractors. WHAT'S NEW: Amazon.com launched its website featuring information about local contractors in New York, Los Angeles, and Seattle, The Journal reported, citing an unnamed source who was briefed on the company's plan. Called Amazon Local Services, the website is part of the e-commerce giant's attempt to compete with traditional stores, The Journal said. WHAT'S NOTABLE: Reuters reported last June that Amazon planned to launch a local services website. Last month, research firm Wunderlich said that Angie's List could be a logical takeover target for Amazon or eBay (EBAY). Wunderlich issued its note after The Financial Times reported that Angie's List had hired bankers to help it explore strategic options, including a possible sale of the company. ANALYST REACTION: In a note to investors today, Robert W. Baird analyst Colin Sebastian wrote that Amazon's service should be appealing to users searching for local services or shopping for products that have to be serviced. Moreover, service providers should also find value in Amazon's website, Sebastian stated. Service providers will only have to pay Amazon a share of the revenue they receive from customers they obtain from the website, the analyst wrote. Also, Amazon's popularity will enable it to bring meaningful amounts of business to the service providers, Sebastian wrote. He kept a $340 price target and Outperform rating on Amazon shares. Sebastian also noted that the market is increasingly competitive, with Groupon (GRPN) and Yelp (YELP) among the other public companies in the space, and he said he expects Facebook (FB) and Google (GOOG) to build more local services over time. PRICE ACTION: In early afternoon trading, Angie's List fell 4% to $6 and Amazon slid 1% to $332.50.
12:22 EDTGRPNAmazon uniquely positioned in home services market, says RW Baird
After the Wall Street Journal this morning highlighted the recent roll-out of Amazon (AMZN) Local Services in select U.S. cities, RW Baird analyst Colin Sebastian says the tech giant is "uniquely positioned" in the $400B home services market given its position in e-commerce and ability to geo-target traffic to local service professionals. Sebastian notes the market is increasingly competitive, with Angie's List (ANGI), Groupon (GRPN) and Yelp (YELP) among the public companies in the space. He also expects Facebook (FB) and Google (GOOG) to build more local services over time. Sebastian keeps an Outperform rating on Amazon, point out Baird's initial e-commerce checks suggest a solid start to holiday shopping.
November 24, 2014
08:34 EDTSYMCJefferies software analysts hold an analyst/industry conference call
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November 23, 2014
16:41 EDTSYMCSymantec discovers advanced piece of malware known as Regin
Symantec announced in a company blog post that it has discovered an advanced piece of malware, known as Regin that has been used in systematic spying campaigns against a range of international targets since at least 2008. In the blog post Symantec noted: "A back door-type Trojan, Regin is a complex piece of malware whose structure displays a degree of technical competence rarely seen. Customizable with an extensive range of capabilities depending on the target, it provides its controllers with a powerful framework for mass surveillance and has been used in spying operations against government organizations, infrastructure operators, businesses, researchers, and private individuals. It is likely that its development took months, if not years, to complete and its authors have gone to great lengths to cover its tracks. Its capabilities and the level of resources behind Regin indicate that it is one of the main cyberespionage tools used by a nation state...Regin is a highly-complex threat which has been used in systematic data collection or intelligence gathering campaigns. The development and operation of this malware would have required a significant investment of time and resources, indicating that a nation state is responsible. Its design makes it highly suited for persistent, long term surveillance operations against targets. The discovery of Regin highlights how significant investments continue to be made into the development of tools for use in intelligence gathering. Symantec believes that many components of Regin remain undiscovered and additional functionality and versions may exist. Additional analysis continues and Symantec will post any updates on future discoveries. "Reference Link
November 21, 2014
10:38 EDTSYMCJefferies says Microsoft, Salesforce.com, Symantec facing significant problems
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10:01 EDTSYMCOn The Fly: Analyst Initiation Summary
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09:33 EDTGRPNGroupon mentioned positively at ITG Research
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06:02 EDTSYMCSymantec implied volatility of 18 at lower end of index mean range
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November 20, 2014
16:17 EDTSYMCSymantec initiated with an Underperform at Jefferies
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November 19, 2014
18:22 EDTGRPNOn The Fly: After Hours Movers
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17:08 EDTGRPNGroupon director discloses 30K share purchase at $7.75
Groupon director Daniel Henry disclosed the purchase of 30K shares at a price of $7.75. Shares of Groupon are up 1.31%, or 9c, to $7.35 in after hours trading.
07:46 EDTSYMCSymantec, Hewlett-Packard announce DRaaS solution partnership
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07:40 EDTSYMCUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 19 at 10:45 am; not all company presentations may be webcasted.Webcast Link
November 17, 2014
12:31 EDTGRPNGroupon acquires marketing startup Swarm Mobile
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06:48 EDTSYMCState Department hacked, NY Times reports
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November 16, 2014
19:34 EDTSYMCFinancial services firms plan $2B increase in cybersecurity spending, WSJ says
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November 14, 2014
12:53 EDTGRPNOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
09:38 EDTGRPNJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).

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