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Stock Market & Financial Investment News

News Breaks
February 13, 2012
11:24 EDTGRPN
theflyonthewall.com: New Enterprise Associates reports 13.7% passive stake in Groupon
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News For GRPN From The Last 14 Days
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May 25, 2012
10:10 EDTGRPN
theflyonthewall.com: Groupon margin gains to be short lived, says Detwiler Fenton
Detwiler said Groupon's (GRPN) revenue/billings recovered off the lows but they expect Amazon.com (AMZN), eBay (EBAYU), or Google (GOOG) to solicit local retailers, resulting in margin pressure. :theflyonthewall.com
09:44 EDTGRPN
theflyonthewall.com: Groupon testing credit card reader to rival PayPal, Bloomberg says

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May 22, 2012
15:56 EDTGRPN
theflyonthewall.com: Groupon management to meet with Wells Fargo
Field trip to company headquarters to be held in Chicago on May 23 hosted by Wells Fargo. :theflyonthewall.com

May 21, 2012
09:03 EDTGRPN
theflyonthewall.com: Groupon shares slip lower, support is at $10.80

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May 18, 2012
14:37 EDTGRPN
theflyonthewall.com: Market set to end week lower as European situation continues to rattle investors
Stocks are poised to end the week much lower as investors continued to worry that Greece could leave the euro zone, sparking a worldwide financial crisis. MACRO NEWS: Greece officially announced that it would hold new elections on June 17. The country's second-largest party, SYRIZA, has said that it wouldn't adhere to the agreements that previous Greek governments made in order to obtain bailout funds. Meanwhile, Greeks pulled their money out of the country's banks in droves... Also unnerving investors was the situation in Spain, whose fourth largest bank was reportedly hit with more than EUR1B of withdrawals. In a related development, Moody's downgraded its ratings on 16 Spanish banks... U.S. economic data failed to boost stocks, as jobless claims were in-line with the consensus estimate, but the index of leading economic indicators for April came in significantly below the consensus estimate. COMPANY NEWS: Facebook (FB) launched its IPO. The stock opened at $38 and was trading at $40.15 at 2:20 PM ET... Yahoo's (YHOO) CEO resigned, and the company agreed to add three nominees made by hedge fund Third Point to its board. The company is reportedly in talks to sell a 20% stake in Chinese e-commerce company Alibaba back to the Chinese company for about $7B, according to All Things Digital... Groupon (GRPN) reported stronger than expected Q1 results, :theflyonthewall.com
11:40 EDTGRPN
theflyonthewall.com: Zynga, Groupon, Quepasa fall after Facebook drops from $42.05 open

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11:38 EDTGRPN
theflyonthewall.com: Groupon drops 8% to $11.39 after IPO of Facebook

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08:43 EDTGRPN
theflyonthewall.com: Groupon volatility elevated into Facebook IPO

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06:06 EDTGRPN
theflyonthewall.com: Finra examining trading in Groupon, WSJ reports

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May 17, 2012
11:46 EDTGRPN
theflyonthewall.com: Facebook may threaten Groupon, Business Insider says

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09:44 EDTGRPN
theflyonthewall.com: Groupon CEO says doesn't plan to sell shares once lockup expires

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09:20 EDTGRPN
theflyonthewall.com: Groupon CEO Mason says all markets in U.S. running SmartDeals
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09:14 EDTGRPN
theflyonthewall.com: Groupon CEO Mason says fundamentals of the business remain strong

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May 16, 2012
13:00 EDTGRPN
theflyonthewall.com: Groupon hires Amazon executive Vinayak Hegde, AllThingsD reports
Groupon (GRPN) has hired Vinayak Hegde as its new VP of Engineering, AllThingsD reports. Hegde will oversee the company's marketing technology expansion and will be in charge of opening a new 20-person office in Seattle. Hegde comes to Groupon from Amazon (AMZN), where he spent six years managing payments and another six years heading up several other business units. Reference Link :theflyonthewall.com
04:45 EDTGRPN
theflyonthewall.com: Jim Cramer's "Mad Money"

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May 15, 2012
16:21 EDTGRPN
theflyonthewall.com: On The Fly: Closing Wrap

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12:50 EDTGRPN
theflyonthewall.com: Groupon's positive Q1 cash flow aided by unpaid accounts payable, BI says

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12:14 EDTGRPN
theflyonthewall.com: On The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, amid a raft of U.S. economic data and surprisingly strong economic growth in Germany. Each of the major indices was in positive territory and near session highs around noon despite trading in a narrow range for the entire session. The averages have had a better tone since the close of the European markets, which once again dictated the direction of our markets in the early going. Europe's markets, which had been higher following better than expected GDP numbers from Germany, fell when Greece said they were unable to establish a coalition government. The U.S. markets see-sawed with the European news but have generally remained in a narrow range... ECONOMIC EVENTS: In the U.S., the Consumer Price Index remained flat in April, as expected, while the core CPI, which excludes food and energy, rose 0.2%, which was also in line with forecasts. The Empire Manufacturing Index had a reading of 17.09, versus expectations of a 9.0 reading. Retail sales increased 0.1% in April, which matched expectations, while the core reading subtracting autos and gas rose 0.1%, versus expectations of an increase of 0.3%. Business inventories increased 0.3% in March, versus expectations for an increase of 0.4%. The NAHB Housing Market Index hit a five year high with a reading of 29, versus expectations for a reading of 26. In Europe, Greek political leaders failed to agree on a coalition government so the nation will hold new elections. Also, the 17-member euro zone narrowly avoided a recession, as economic growth in the first quarter was flat, but the overall result was largely influenced by unexpectedly strong growth in Germany. Germany's GDP rose 0.5%, but growth was flat in France, Italy's economy shrunk 0.8%, Spain's fell by 0.3% and Greece's GDP declined 6.2%... COMPANY NEWS: Groupon (GRPN) shares rallied over 16% after its earnings and revenue beat expectations. The company also guided to revenues next quarter that were above consensus at the midpoint but some on the Street remain skeptical, as Stifel Nicolaus said shares are likely to weaken into the June 1 lockup expiration and Susquehanna lowered its price target on the stock to $15 from $25... Dow component Home Depot (HD) slid about 2% after its earnings beat expectations and it raised its full year profit forecast. Sales, however, missed estimates and the company said that same store sales growth next quarter would lag because of sales pulled into the early part of the year due to warm weather... MAJOR MOVERS: Among the notable gainers were TJX (TJX), up about 7%, after its earnings and revenue beat expectations, and Dick's Sporting Goods (DKS), up 7% as well, after its sales, profits and guidance all came in above consensus. Noteworthy losers included Avon (AVP), down over 10%, after Coty withdrew its proposal to acquire the company, and Summer Infant (SUMR), down 25%, after the company's earning and revenue fell short of expectations... INDICES: Near noon, the Dow was up 60.92, or 0.48%, to 12,756.27; the Nasdaq was up 26.43, or 0.91%, to 2,929.01; and the S&P 500 was up 6.27, or 0.47%, to 1,344.62. :theflyonthewall.com
10:00 EDTGRPN
theflyonthewall.com: Groupon rises 19%

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09:44 EDTGRPN
theflyonthewall.com: Active equity option families in first 10-minutes

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09:00 EDTGRPN
theflyonthewall.com: Groupon rises 24.4%
Groupon is up 24.4%, or $2.86, to $14.59 :theflyonthewall.com
08:57 EDTGRPN
theflyonthewall.com: Groupon breaks resistance at the $14.30 pivot, resistance now at $14.90
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08:38 EDTGRPN
theflyonthewall.com: Groupon price target lowered to $15 from $25 at Susquehanna

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08:03 EDTGRPN
theflyonthewall.com: Groupon shares likely to weaken into lockup expiration, says Stifel Nicolaus

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07:49 EDTGRPN
theflyonthewall.com: Groupon upgraded to Buy from Neutral at Citigroup

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07:32 EDTGRPN
theflyonthewall.com: Groupon upgraded to Buy from Neutral at Sterne Agee
Sterne Agee upgraded Groupon to reflect the stronger than expected Q1 report and market share gains. Price target is $20. :theflyonthewall.com
07:18 EDTGRPN
theflyonthewall.com: Groupon price target raised to $20 from $17 at BofA/Merrill

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07:05 EDTGRPN
theflyonthewall.com: Groupon positioned for upside, says Barclays
Following the strong Q1 report, Barclays raised Groupon estimates and said its low valuation and negative investor sentiment position the shares to move higher. The firm rates Groupon an Overweight with a $27 price target. :theflyonthewall.com
06:59 EDTGRPN
theflyonthewall.com: Groupon option implied volatility elevated
Groupon option implied volatility is near the top of its 52-week range according to iVolatility. :theflyonthewall.com
06:24 EDTGRPN
theflyonthewall.com: Groupon Q1 results, guidance topped expectations, says Benchmark Co.
Benchmark Co. believes Groupon's operating metrics showed no sign of competitive pressure in Q1 following the company's better than expected results and guidance. The firm lowered its price target for shares to $20 from $28 but keeps a Buy rating on the stock. :theflyonthewall.com

May 14, 2012
19:31 EDTGRPN
theflyonthewall.com: Groupon shares gap higher after results, resistance at $14.30 pivot

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16:22 EDTGRPN
theflyonthewall.com: On The Fly: Closing Wrap
Stocks on Wall Street were lower as fears mounted of a possible disorderly Greek exit from the euro currency. Stock futures were lower to begin the week as the market took its cue from the European markets, which were sharply lower. The weakness was attributed to Greece’s inability to form a coalition government and the prospect that the euro zone’s firewall will prove insufficient to shield Spain and other embattled countries against the effect of a Greek catastrophe. Weaker demand data out of China, highlighted by that country's policy response, certainly did not help either. The U.S. market opened sharply lower and continued its drop until finally finding a level about an hour into trading. With the financial sector still reeling from JP Morgan's (JPM) trading loss and the associated fallout, the averages tried in vain to recapture their losses before faltering again in the afternoon... ECONOMIC EVENTS: Domestically, there was little on the economic calendar. In Europe, stock markets plunged and the yields on benchmark sovereign debt in Greece, Spain and Italy spiked as Greece continues to be unable to form a new government. In China, the central bank announced plans over the weekend to cut its bank reserve requirement by 0.5 percentage points after economic readings showed industrial production growth had slowed... COMPANY NEWS: Yahoo! (YHOO) shares gained 2% after activist investor Dan Loeb won a spot on the company's board, along with two of his other nominees, and the company's CEO Scott Thompson quit over the resume inaccuracy that Loeb brought to light... Chesapeake Energy (CHK) also jumped as it was linked to a prominent activist investor, as shares rose 4.79% after the Wall Street Journal reported that Carl Icahn will likely reveal he once again has increased his stake in the company. The company also said after the close on Friday that it had arranged for a $3B unsecured loan to aid its financial flexibility as it continues to sell off assets and said on its call today to discuss the financing that it "wouldn't be surprised" if Icahn becomes a large shareholder... MAJOR MOVERS: Among the notable gainers was Groupon (GRPN), up $1.84, or 18.54%, to $11.73, ahead of its earnings report after the bell and up another 11% in the after market when its earnings and revenue beat expectations. Also higher were shares of Francesca's (FRAN), up $1.58, or 6.60%, to $25.60, after the company raised its earnings and same store sales guidance for its upcoming report and terminated its CFO for improper communication via social media. Noteworthy losers included Ancestry.com (ACOM), down $3.59, or 13.72%, to $22.57, following NBC's cancellation of the show "Who Do You Think You Are?", which featured the company's technology and services, and InterOil (IOC), down $3.88, or 6.73%, to $53.73, after the company said it received a notice that Papua New Guinea's government will cancel a liquefied natural gas project in the country... INDICES: The Dow lost 125.25, or 0.98%, to 12,695.35; the Nasdaq fell 31.24, or 1.06%, to 2,902.58; and the S&P 500 dropped 15.04, or 1.11%, to 1,338.35. :theflyonthewall.com
16:09 EDTGRPN
theflyonthewall.com: Groupon jumps 15% to $13.47 following Q1 results
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16:09 EDTGRPN
theflyonthewall.com: Groupon says nearly 30% of Aprril North American transactions on mobile

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16:08 EDTGRPN
theflyonthewall.com: Groupon ended Q1 with 36.9M active customers

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16:07 EDTGRPN
theflyonthewall.com: Groupon sees Q2 revenue $550M-$590M, consensus $558.74M

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16:06 EDTGRPN
theflyonthewall.com: Groupon reports Q1 EPS 2c, consensus 1c

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15:23 EDTGRPN
theflyonthewall.com: Groupon May 12 straddle priced for 19% share movement on Q1 results
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14:57 EDTGRPN
theflyonthewall.com: Companies reporting After the Market Close on Monday, May 14
Notable companies reporting after the closing bell on Monday include Agilent (A) and Groupon (GRPN). :theflyonthewall.com
14:10 EDTGRPN
theflyonthewall.com: Groupon rises, resistance is at the $12.32 pivot

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13:36 EDTGRPN
theflyonthewall.com: Groupon jumps 21% to $12.00 ahead of Q1 results
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12:03 EDTGRPN
theflyonthewall.com: Stocks with call strike movement; ANF GRPN

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10:06 EDTGRPN
theflyonthewall.com: Groupon options active into Q1 and allocation of capital for growth outlook

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10:01 EDTGRPN
theflyonthewall.com: Groupon breaks downtrend above its 10-day MA, resistance is at $11.60
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May 13, 2012
15:33 EDTGRPN
theflyonthewall.com: Jim Cramer's "Mad Money"
Jim Cramer laid out his game plan for the week of May 14, ahead of Facebook's (FB) IPO on Friday. (Monday) Groupon (GRPN) reports, Cramer said this stock shows us just what can go wrong with a red hot technology-related IPO. He said to stay away. (Tuesday) A slew of retail earnings, including JC Penney (JCP), Dick'' Sporting Goods (DKS), Saks (SKS), TJX Stores (TJX) and Home Depot (HD). Cramer was bullish on TJX and Home Depot, but told investors to steer clear of the others for now. (Wednesday) earnings include John Deere (DE) a perpetually downbeat conference call, Target (TGT) a retailer whose prospects are looking up, along with two restaurants Jack in the Box (JACK) and Red Robin (RRBG). Cramer said he's intrigued by Target, but would only listen to the two burger chains'' results. (Thursday) Reporting: Ross Stores (ROST), Gap Stores (GPS) and Dollar Tree (DLTR), along with cloud computing giant Salesforce.com (CRM). Cramer said to buy any of the retailers on weakness, but only pickup Salesforce if the weakness is severe. (Friday) the expected IPO of Facebook (FB) and Cramer once again told investors to get in on the IPO, if they can, but absolutely do not buy any shares in the aftermarket. Next, Cramer said he's always a fan of companies unlocking value by splitting themselves up. In a case like Marathon Oil (MRO), shares rose 30% from the time the deal was announced until the split actually occurred earlier this year. But once the split happens, cautioned Cramer, the opportunity comes to an end. Now ConocoPhillips (COP) has spun off its Phillips 66 (PSX) refining and pipeline assets, the company is only growing at 3% to 5% a year, hardly enough to get excited about., Cramer says. He prefers Chevron (CVX), which offers a smaller dividend but also more growth. Investors looking for even more upside should consider EOG Resources (EOG) or an oil pipeline like Kinder Morgan Energy Partners (KMP). Bottom-line: Cramer said that he's not a buyer of either half of the old Conoco and told investors that this opportunity, like most other break up stories, has come to an end. Then, Cramer put the energy drink maker Monster Beverage (MNST) through his 10-step prism to find out if its a turbo-charged company or just an over-caffeinated stock. Weighing all the pros and cons, Cramer said that he would invest in Monster only as a speculative stock. He also recommended using deep-in-the-money call options as a stock replacement strategy to limit the downside risk. MAD MAIL: Medtronic (MDT) is dead money and there are better places to invest. Cramer prefers Energy Transfer Partners (ETP) instead of Inergy (NRGY). Conns (CONN) too risky. Cramer is only recommending a few oil stocks and not Carrizo (CRZO). Bearish on Windstream Communications (WIN). Abbott Labs (ABT) is his favorite drug stock. NO HUDDLE OFFENSE: Cramer sounded off on the JPMorgan Chase (JPM)) bad-trade debacle. Cramer suggested JPM CEO Jamie Dimon give up his bonus as a gesture of good will toward shareholders. LIGHTNING ROUND: (Bullish) DOW; CCE; HBAN, buy under $6. (Bearish) UPL; BGCP; BRCD; ERF.Reference Link :theflyonthewall.com