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Stock Market & Financial Investment News

News For GRPN From The Last 14 Days
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February 12, 2016
16:24 EDTGRPNOn The Fly: Top stock stories for Friday
Stocks began the session in positive territory and never looked back. The early catalyst was a rally in oil prices, which continued moving higher throughout the day and settled up more than 12%. The rally was spurred by comments that came to light late in the day yesterday from the United Arab Emirates' energy minister, who said the Organization of the Petroleum Exporting Countries was willing to cooperate on an output cut. Despite today's strong performance by each of the major equity indexes, the market still had a down week, as today's rally came on the heels of four very tough days. U.S. markets will be closed Monday for President's Day, but Chinese markets will reopen after being closed all of this week for their celebration of New Year. ECONOMIC EVENTS: In the U.S., retail sales increased 0.2% in January, versus expectations for an increase of 0.1%. Import prices dropped 1.1%, while export prices fell 0.8% last month. The University of Michigan's consumer sentiment index fell to 90.7 in the preliminary February print, versus expectations for a 92.3 reading. In Europe, the euro zone's gross domestic product grew by 0.3% in the last three months of 2015, meeting expectations. In Asia, Japan suffered another ugly day, with its key indexes each falling about 5%, after the market reopened following a one-day holiday. COMPANY NEWS: Shares of Jack Dorsey's point-of-sale payment firm Square (SQ) advanced 7.9% to $9.30 after credit card giant Visa (V) disclosed details about the stake it holds in the company. Visa, which made an investment in the start-up prior to its IPO, disclosed in a filing that it owns Class B shares of Square that could be converted into about 3.52M Class A shares, which would leave Visa with about 10% of that class of shares. Shares of Twitter (TWTR), which is also headed by Jack Dorsey, followed Square higher, rising 11% to $15.89... Also rising were shares of JPMorgan (JPM), which gained 8.3% to close at $57.46 after CEO Jamie Dimon disclosed he bought 500,000 shares of the bank's stock in the open market yesterday. MAJOR MOVERS: Among the noteworthy gainers was Intercept Pharmaceuticals (ICPT), which jumped 27.5% to $120.22 after Reuters reported that the company received interest from potential suitors and is now exploring a possible sale. Also higher was Groupon (GRPN), which rallied 29% to $2.89 after the Internet deal service operator reported better than expected quarterly results. Among the notable losers was Pandora (P), which fell 12% to $7.99 after the company reported lower than expected fourth quarter earnings after last night's closing bell. The pullback comes on the heels of the stock's 8.5% advance yesterday after the New York Times said the music service operator has held talks about selling the company. On the company's earnings conference call last night, Pandora's management said that they won't comment on any potential sale of the company, adding that they are "very confident" in their ability to continue to drive significant value for holders. Also lower after reporting quarterly results was videogame maker Activision Blizzard (ATVI), which slid 7.9%. Meanwhile, shares of L Brands (LB) fell 2.5% after announcing that Victoria's Secret CEO Sharen Jester Turney will resign. INDEXES: The Dow rose 313.66, or 2.0%, to 15,973.84, the Nasdaq gained 70.68, or 1.66%, to 4,337.51, and the S&P 500 added 35.70, or 1.95%, to 1,864.78.
12:33 EDTGRPNOn The Fly: Top stock stories at midday
Stocks on Wall Street began the session in positive territory and have continued to gain upside momentum throughout the session. The are being aided by a surge in oil prices, which have rallied more than 10% on the heels of reports that OPEC nations may be ready to talk about a production freeze. The market, hoping to put an end to it recent losing streak, looks on track to do so with participation likely to tail off in the afternoon ahead of a long holiday weekend. ECONOMIC EVENTS: In the U.S., retail sales increased 0.2% in January, versus expectations for an increase of 0.1%. Import prices dropped 1.1%, while export prices fell 0.8% last month. The University of Michigan's consumer sentiment index fell to 90.7 in the preliminary February print, versus expectations for a 92.3 reading. In Europe, the euro zone's gross domestic product grew by 0.3% in the last three months of 2015, meeting expectations. In Asia, Japan suffered another ugly day, with its key indexes each falling about 5%, after the market reopened following a one-day holiday. COMPANY NEWS: Square (SQ) advanced 8% after credit card giant Visa (V) disclosed in a regulatory filing that it holds shares in the company that could convert to the equivalent of a 9.99% stake in the payments up-and-comer. The details about the stake held by the Dow member, which has held an investment in Square since prior to its IPO, also appeared to give a boost to Twitter (TWTR), which both share Jack Dorsey as their Chief Executive Officer... The Dow is being helped by the advance in shares of JPMorgan (JPM), which are higher by 8% after its CEO Jamie Dimon disclosed he bought 500,000 shares of the bank's stock in the open market yesterday. MAJOR MOVERS: Among the noteworthy gainers was Baidu (BIDU), which rallied 9% after it received a non-binding proposal to acquire Qiyi.com. Also higher were Groupon (GRPN) and Wynn Resorts (WYNN), which gained 27.5% and 13.5%, respectively, after reporting quarterly earnings. Among the notable losers was Pandora (P), which fell 12% after the company reported lower than expected fourth quarter earnings per share. The loss gave back all of the gains, and then some, that the stock enjoyed yesterday after the New York Times said the music service operator has held talks about selling the company. Also lower were Activision Blizzard (ATVI) and CBS (CBS), which were down 9.5% and 1%, respectively, after reporting quarterly results. INDEXES: Near midday, the Dow was up 236.58, or 1.51%, to 15,896.76, the Nasdaq was up 58.02, or 1.36%, to 4,324.85, and the S&P 500 was up 28.03, or 1.53%, to 1,857.11.
09:24 EDTGRPNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Groupon (GRPN), down 19.6%... USA Technologies (USAT), up 7.1%... Wynn Resorts (WYNN), up 3.9%. ALSO HIGHER: Square (SQ), up 15.8% after Visa (V) disclosed 9.99% stake in the company... Suncor Energy (SU), up 4.5% after being upgraded to Buy from Neutral at Citi... JPMorgan (JPM), up 4.9% after CEO Jamie Dimon buys 500,000 shares of common stock... Sunedison (SUNE), up 4.4% after the Wall Street Journal reported that a judge issued a temporary restraining order barring SunEdison and affiliate Terraform Power (TERP) from unusual asset moves. DOWN AFTER EARNINGS: Cyberark (CYBR), down 11.5%... Select Comfort (SCSS), down 17.7%... Zillow (Z), down 4.9%... Qlik Technologies (QLIK), down 7.5%... Activision Blizzard (ATVI), down 6.1%.
06:36 EDTGRPNOptions expected to be active: AIG WYNN P ATVI Z COLM FEYE NUS GRPN JPM CBS
February 11, 2016
19:07 EDTGRPNOn The Fly: After Hours Movers
UP AFTER EARNINGS: AIG (AIG), up 1.8%... Wynn Resorts (WYNN), up 1.7%... FireEye (FEYE), up 1.1%... Groupon (GRPN), up 17.4%... Infinera (INFN), up 2.8%. DOWN AFTER EARNINGS: Activision Blizzard (ATVI), down 14.2%... CBS (CBS), down 1.6%... Zillow (Z), down 10.4%... Pandora (P), down 5.5%... Qlik Technologies (QLIK), down 7.3%.
16:10 EDTGRPNGroupon up 22.8% after reporting Q4 results
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16:09 EDTGRPNGroupon backs FY16 revenue guidance of $2.75B-$3.05B, consensus $2.97B
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16:07 EDTGRPNGroupon reports Q4 EPS 4c, consensus 0c
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14:30 EDTGRPNNotable companies reporting after market close
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07:50 EDTGRPNGroupon volatility elevated into Q4 and outlook
Groupon February weekly call option implied volatility is at 297, February is at 155, March is at 102; compared to its 52-week range of 33 to 108, suggesting large near term price movement into the expected release of Q4 results today after the market close.
February 4, 2016
19:30 EDTGRPNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Ubiquiti Networks (UBNT), up 18.3%... Symantec (SYMC), up 9.3%... Hartford Financial (HIG), up 7.4%... Post Holdings (POST), up 6.3%... Lumentum (LITE), up 4.7%... TTM Technologies (TTMI), up 1.1%. ALSO HIGHER: Multi-Fineline (MFLX), up 40% after agreeing to be acquired for $23.95 per share. DOWN AFTER EARNINGS: Tableau Software (DATA), down 35.2%... LinkedIn (LNKD), down 29%... Giga-tronics (GIGA), down 28.6%... Hanesbrands (HBI), down 11.4%... YRC Worldwide (YRCW), down 18.8%... Outerwall (OUTR), down 14.2%... Deckers Outdoor (DECK), down 9.9%... Qorvo (QRVO), down 1.3%... athenahealth (ATHN), down 3.7%. ALSO LOWER: Hess (HES), down 6.7% after filing to sell 25M common shares and 10M depositary shares... Splunk (SPLK) is down 10.4%, Qlik Technologies (QLIK) is down 11.4%, Workday (WDAY) is down 6.2%, and Palo Alto Networks (PANW) is down 3% after Tableau Software reported quarterly results... Groupon (GRPN) is down 1.9%, Netflix (NFLX) is down 1.7%, Twitter (TWTR) is down 1.7%, and Facebook (FB) is down 1% are down after LinkedIn reported quarterly results.
February 2, 2016
10:40 EDTGRPNStifel warns Twitter may go way of tech busts, cuts to Sell
Twitter (TWTR) is giving up nearly all of yesterday's gains after Fortune and The Wall Street Journal poured cold water on a report that private equity firm Silver Lake might be considering making a strategic investment in the company. Additionally weighing on the stock are a Business Insider report claiming that the number of tweets has declined by more than 50% in the last 18 months and research firm Stifel downgrading the stock to Sell. WHAT'S NEW: Yesterday morning, tech website The Information reported that venture capitalist Marc Andreessen and private equity firm Silver Lake have considered making a deal involving Twitter. However, Silver Lake isn't looking to make a deal with Twitter, The Wall Street Journal reported, citing an unnamed source. The Journal's article echoes a report yesterday afternoon by Fortune, which also quoted an unnamed source as saying that Silver Lake isn't interested in buying Twitter. Also, according to Business Insider, the number of daily tweets on Twitter has plummeted by more than 50% since August 2014. The report based its estimate on a sampling of data from the website's application programming interface. Last month, there were 303M tweets per day on average, down from the peak of an average of 661M per day in August 2014, when the World Cup was occurring, the website stated. Moreover, according to the data, Twitter has about 130M active users, versus the company's estimate of up to 320M monthly active users. STIFEL SAY SELL: Stifel analyst Scott Devitt downgraded Twitter to Sell form Hold, saying that it has "never fully developed into a sustainable public company." Yahoo (YHOO) says that it has 1B monthly active users, but the market valuation of Yahoo's core business is "much lower" than that of Twitter, which has a significantly smaller user base, Devitt stated. Additionally, Internet companies Groupon (GRPN) and Zynga (ZNGA) became well-known and obtained tens of millions of users, only to see their stocks plummet, the analyst stated. Meanwhile, Twitter's product has not changed significantly since the company hired a new CEO three months ago and it will have difficulty meeting financial expectations over the short-term and longer term, given the size of its user base, said Devitt, who has a $14 price target for the shares. PRICE ACTION: In morning trading, Twitter fell 6.3% to $16.78. The stock had gained 6.55% yesterday on the heels of Jessica Lessin's report in The Information.

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