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Stock Market & Financial Investment News

News Breaks
November 9, 2012
10:55 EDTGRPNGroupon price target lowered to $2.50 from $3.50 at Ascendiant Capital
Ascendiant Capital said it remains cautious on Groupon following the company's Q3 results and that it finds the current valuation unattractive. The firm lowered its price target for shares to $2.50 from $3.50 and keeps a Sell rating on the name.
News For GRPN From The Last 14 Days
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February 26, 2015
10:00 EDTGRPNOn The Fly: Analyst Initiation Summary
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February 25, 2015
16:11 EDTGRPNGroupon initiated with an Equal Weight at Morgan Stanley
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February 20, 2015
10:30 EDTGRPNOptions with decreasing implied volatility
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February 19, 2015
10:44 EDTGRPNOptions with decreasing implied volatility
Options with decreasing implied volatility: VDSI KING ZU AVP GRPN SKX TRIP YPF UPL CYBR
February 18, 2015
10:32 EDTGRPNOptions with decreasing implied volatility
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February 17, 2015
13:18 EDTGRPNOmega Advisors gives quarterly update on stakes
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10:51 EDTGRPNOptions with decreasing implied volatility
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February 13, 2015
16:35 EDTGRPNS&P closes at all-time high as stocks run winning streak to second week
The major stock averages gained for the second week in a row, sending the S&P 500 to a new all-time high in the process. With the weekly advance, the major averages wiped out all their losses since the beginning of the year and moved into the green for 2015. MACRO NEWS: The U.S. economic calendar was relatively quiet during this week. Retail sales decreased 0.8% in January, versus expectations for a 0.4% decline. Initial jobless claims rose 25K to 304K in the week ended January 7. Consumer sentiment fell to 93.6 in the preliminary February release from the University of Michigan survey, versus expectations for the reading to hold at the 98.1 it achieved in January... In Europe, Russian, Ukrainian, German and French leaders came to terms on a cease-fire to begin Sunday. Eurozone GDP grew by 0.3% in the last three months of 2014, which was a bit faster than expected, largely due to strong upside in Germany. A Eurogroup meeting failed to reach a final bailout deal for Greece, but reports afterward seemed to have an optimistic tone about the continuation of talks. Sweden’s Riksbank became the latest central bank to cut interest rates and said it would undertake a program of sovereign bond buying... In China, foreign trade volume declined 10.8% year-on-year in January, with exports dropping 3.2% and imports slumping 19.7%. COMPANY NEWS: Coca-Cola (KO), PepsiCo (PEP), Zoetis (ZTS), Mondelez (MDLZ), and Groupon (GRPN) were among the companies whose stocks reacted positively to their quarterly earning reports. Conversely, the shares of Pier 1 Imports (PIR), AOL (AOL) and Zynga (ZNGA) fell after they reported their results... Dow member American Express (AXP) fell sharply after the company announced that its U.S. co-brand and merchant acceptance agreements with Costco (COST) are set to end in March of next year. Costco has been one of the few big U.S. merchants that to-date had accepted AmEx cards exclusively. Afterward, American Express said that the company now expects that overall earnings growth in 2015 will likely be "flat to down modestly" year-over-year... Another member of the blue chip index, McDonald's (MCD), dropped after reporting that its comparable sales declined 1.8% in January. As part of the overall results, U.S. same-store sales grew 0.4%, but Asia/Pacific, Middle East and Africa comparable sales dropped 12.6%... General Motors (GM) shares rose after the company confirmed that Harry Wilson intends to nominate himself as candidate for the GM board and bring before the annual meeting a proposal that the company commit to completing $8B of share repurchases... On the M&A front, Interxion (INXN) advanced after the company agreed to an all-share merger with U.K. peer TelecityGroup, after which Interxion shareholders will owning approximately 45% of the combined group. Rite Aid (RAD) rose after the pharmacy retail chain agreed to buy EnvisionRx from TPG for $2B and re-enter the pharmacy benefit management space it had previously exited. INDEXES: For the week, the Dow rose 1.09% to 18,019.35, the Nasdaq gained 3.14% to 4,893.84, and the S&P rose 2% to 2,096.99.
12:33 EDTGRPNOn The Fly: Midday Wrap
Stocks on Wall Street opened in positive territory and remained there throughout the morning, pushing the S&P to a new all-time high in the process. The Dow has climbed back above 18,000 for the first time this year and is also potentially on track to close the week at a new all-time high ahead of the long holiday weekend. The move comes in spite of the University of Michigan consumer confidence reading slipping from last month’s figure in the first look for February. ECONOMIC EVENTS: In the U.S., consumer sentiment fell to 93.6 in the preliminary February release from the University of Michigan survey, versus expectations for the reading to hold at the 98.1 it achieved in January. The import price index for January declined 2.8%, versus the consensus forecast for a 3.2% drop. In Europe, Eurozone GDP grew by 0.3% in the last three months of 2014, which was a bit faster than expected, largely due to strong upside in Germany. COMPANY NEWS: Shares of King Digital (KING) are surging while shares of Zynga (ZNGA) are dropping after both casual game makers last night announced fourth quarter results and provided their respective outlooks for the first quarter. King Digital reported adjusted earnings per share and revenue that beat expectations and also announced a special dividend of 84c per share, sending its stock up 13% near noon. Conversely, Zynga's revenue and outlook came in below expectations and its shares dropped 16% in midday trading. MAJOR MOVERS: Among the notable gainers following their earnings reports were Columbia Sportswear (COLM), which added 16%, SkyWest (SKYW), which rose 14%, and Groupon (GRPN), which advanced 9%. Among the noteworthy losers was MagnaChip Semiconductor (MX), which fell 49% and was downgraded to Hold from Buy at Topeka after restating its financial statements for 2011, 2012, 2013, and the first three quarters of 2014. Also lower were shares of Ambarella (AMBA), which slid 7.5%. Analysts at Pacific Crest attributed the sell-off to concerns over the company's revenue from Axis AB, which announced Tuesday it would be acquired by Canon (CAJ), but the firm said it believes Axis AB represents less than 1% Ambarella's revenue and views the pullback as an overreaction. INDEXES: Near midday, the Dow was up 29.25, or 0.16%, to 18,001.63, the Nasdaq was up 18.85, or 0.39%, to 4,876.46, and the S&P 500 was up 3.43, or 0.16%, to 2,091.91.
07:29 EDTGRPNNow the time to buy Groupon shares, says Brean Capital
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06:21 EDTGRPNGroupon files to sell common stock for shareholders, no amount given
05:46 EDTGRPNGroupon Q4 shows progress being made, says Piper Jaffray
Piper Jaffray views Groupon's Q4 results as evidence the company is making progress on its goal to be a real time local commerce marketplace with now almost 1M merchants. Piper keeps an Overweight rating on the stock with a $10 price target.

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