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Stock Market & Financial Investment News

News Breaks
July 22, 2014
16:36 EDTHLF, DD, MCD, CROX, TRV, VZ, NFLX, CMG, UTX, KO, HOGOn The Fly: Closing Wrap
Stocks on Wall Street were higher in spite of post-earnings drops from a number of Dow components and a halt of U.S. flights to Israel's capital. Stocks began the session in positive territory and remained there throughout the entire session, moving in a fairly narrow range against the backdrop of a pick-up in the number of companies reporting on their quarterly results. The market withstood the latest headlines from Israel's conflict in Gaza, which indicated that the FAA has suspended U.S. flights to Tel Aviv for 24 hours following a rocket launch that landed near the city's airport. With the Dow again near record levels, investors are preparing for tonight's earnings blast, which includes reports from both Apple (AAPL) and Microsoft (MSFT). ECONOMIC EVENTS: In the U.S., the Consumer Price Index rose 0.3% in June, matching expectations. The FHFA home price index rose 0.4% to 212.4 in May. Existing home sales rose 2.6% to a rate of 5.04M in June, beating expectations for a 2.2% monthly increase to a 5.0M rate. The Richmond Fed's manufacturing index rose 3 points to 7 in July, missing the consensus forecast by 1 point. COMPANY NEWS: Shares of Herbalife (HLF) began the day in negative territory as hedge fund manager Bill Ackman, who has repeatedly called the company a pyramid scheme, prepared to begin the presentation that he told CNBC yesterday would show why the company "is going to collapse." Among the allegations made today, Ackman estimated that Herbalife's nutrition clubs lose an average of $12K for their operators, that the clubs contribute "enormously" to Herbalife's results and that Herbalife insiders are selling while the company is repurchasing shares. After the multiple hour long presentation, Herbalife said Ackman "over-promised and under-delivered" on his $1B bet against the company. The multi-level marketing company added that Ackman’s claim about the earnings of its nutrition clubs is "completely false and fabricated" and the stock closed the day up $13.75, or 25.45%, at $67.77... Six members of the Dow Jones Industrial Average, or one fifth of the index, reported on their earnings this morning. Among them, Verizon (VZ) advanced 28c, or 0.55%, to $50.98, while Coca-Cola (KO) slid 2.85%, McDonald’s (MCD) fell 1.31%, DuPont (DD) dropped 0.9%, United Technologies (UTX) dropped 1.88% and Travelers (TRV) declined 3.81%. MAJOR MOVERS: Among the notable gainers was Chipotle Mexican Grill (CMG), which rallied $69.84, or 11.84%, to $659.77 after the restaurant operator's second quarter results handily beat analysts' consensus estimates and it raised its fiscal 2014 comparable restaurant sales outlook. Also higher was Crocs (CROX) which rose $1.84, or 12.4%, to $16.68 after the footwear maker reported second quarter earnings per share and revenue that exceeded analysts' consensus and detailed its plans for cost-saving measures and store closures. Among the noteworthy losers was Harley Davidson (HOG), which fell $3.62, or 5.4%, to $63.46 after its second quarter earnings beat expectations but the company lowered its forecast for its fiscal year motorcycle shipments. Also lower were shares of Netflix (NFLX), which fell $20.86, or 4.62%, to $431.09 after several research firms reiterated their negative outlook on the stock following the company's second quarter results. INDEXES: The Dow was up 61.81, or 0.36%, to 17,113.54, the Nasdaq was up 31.31, or 0.71%, to 4,456.02, and the S&P 500 was up 9.90, or 0.50%, to 1,983.53.
News For HLF;CMG;CROX;HOG;NFLX;MCD;KO;VZ;DD;UTX;TRV From The Last 14 Days
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January 20, 2015
16:06 EDTNFLXNetflix reports 4.33M members added in Q4
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16:00 EDTNFLXOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
15:21 EDTNFLXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $5.41; Netflix (NFLX), consensus 45c; CA Technologies (CA), consensus 60c; Cree (CREE), consensus 22c; Woodward (WWD), consensus 46c; Fulton Financial (FULT), consensus 21c; Advanced Micro Devices (AMD), consensus 1c; Interactive Brokers (IBKR), consensus 6c; Pinnacle Financial (PNFP), consensus 53c.
14:17 EDTNFLXNetflix technical commentary ahead of earnings
The stock has been in a sideways consolidation pattern since a sharp downtrend began in October of last year. The approximate range has been a high at $350 and a low at $320. Breaks of either end of this range will be important determinants of the trend following earnings. A breakout above $350 would potentially reverse the current dominant downtrend. With over 8.5% of the trading float short, there could be substantial buy-to-cover pressure in the event of a positive surprise. Upside levels to watch above $350 would be at $357.95, $366.51, and $375.83. On an extreme positive surprise, the $380 area could be tested. If the news is negative, a break below the $320 area would likely lead to a resumption of the dominant downtrend. Support levels to watch would be at $310.25, $299.50, and $290.28. A breakdown below $300 would be long-term bearish for price, confirming a major top.
14:04 EDTNFLXNetflix January weekly 345 straddle priced for 11% movement into Q4
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09:38 EDTKO, VZActive equity options trading
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08:11 EDTNFLXNetflix volatility increases into Q4 and outlook
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06:24 EDTVZT-Mobile warns of unsustainable costs against cellphone giants, Re/code says
T-Mobile (TMUS) owner Deutsche Telekom (DTEGY) claims Verizon (VZ) and AT&T's (T) wealth makes true competition difficult, reports Re/code, citing statements made at Germany's DLD conference. Deutsche Telekom CEO Tim Hoettges stated the dominance of AT&T and Verizon allowed them to make huge bids at the latest midband spectrum auction to further their market lead. Hoettges also stated he was "intrigued" by last year's unsuccessful merger talks with Sprint (S), and warned that T-Mobile's $4B-$5B investment requirements per year are unsustainable. Reference Link
06:01 EDTHLFStocks with implied volatility above IV index mean; HLF YHOO
Stocks with implied volatility above IV index mean; Herbalife (HLF) 113, Yahoo (YHOO) 54 according to iVolatility.
January 18, 2015
13:45 EDTVZGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
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January 16, 2015
18:07 EDTVZCongressional GOP unveil net neutrality law to bypass FCC, LA Times reports
Representatives Fred Upton of Michigan and John Thune of South Dakota endorsed a congressional bill that would protect net-neutrality by banning internet service providers from charging companies extra to load their sites, and prohibit broadband companies from blocking legitimate websites, or slowing speeds for customers, superseding the FCC's authority to regulate the internet, according to the LA Times. Major internet companies such as AT&T (T) , Comcast (CMCSA), and Verizon Communications (VZ) have opposed a recent recommendation by FCC Chairman Thomas Wheeler to treat internet service similar to a utility. Reference Link
16:00 EDTVZOptions Update; January 16, 2015
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11:16 EDTNFLXCBS, Viacom climb following Stifel upgrades
Shares of CBS (CBS) and Viacom (VIA, VIAB) are climbing after research firm Stifel upgraded the stocks to Buy from Hold. CBS owns the CBS network and other entertainment properties. Viacom owns a number of cable networks, including MTV and Nickelodeon. WHAT'S NEW: CBS' NFL rights leave it well-positioned to charge cable companies and other TV providers high fees, Stifel analyst Benjamin Mogil wrote in a note to investors today. Meanwhile, the company's strong ratings and lower production costs reduce its risk, Mogil stated. CBS has more opportunities when it comes to selling its content to Internet TV networks such as Netflix (NFLX), Mogil believes. The analyst set a $65 price target on the shares. Meanwhile, Mogil believes that Viacom should benefit from the adoption of ratings measurements other than Nielsen's (NLSN) tools. Viacom has complained that Nielsen's tools have underestimated its ratings by failing to adequately take into account new types of content consumption, the analyst noted. Viacom's recent expansion into new international markets should also improve its performance, Mogil stated. He set an $89 price target on the shares. ANOTHER TO WATCH: Mogil initiated coverage of Twenty-First Century Fox (FOXA) with a $41 price target and Buy rating, saying that the company is well-positioned to benefit from its wide range of sports programming. He set a $41 price target on the shares. PRICE ACTION: In late morning trading, CBS advanced 2.75% to $55, Viacom gained 2.5% to $68, and Twenty-First Century Fox rose 0.4% to $34.72.
10:34 EDTNFLXNetflix January weekly volatility increases into Q4 and outlook
Netflix January weekly call option implied volatility is at 97, February is at 55, March is at 46; compared to its 26-week average of 37 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on January 20.
10:06 EDTCROXHigh option volume stocks
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10:01 EDTNFLXOn The Fly: Analyst Upgrade Summary
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09:30 EDTNFLXNetflix results likely to beat expectations, says Cantor
Cantor expects Netflix's Q4 results to beat expectations. The firm views the company's 2015 original content as compelling and keeps a Buy rating on the shares.
08:57 EDTNFLXNetflix upgraded to Outperform at Cowen
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06:09 EDTNFLXNetflix upgraded to Outperform from Market Perform at Cowen
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06:08 EDTHLFStocks with implied volatility above IV index mean; HLF YHOO
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