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Stock Market & Financial Investment News

News Breaks
April 10, 2013
10:00 EDTAXAS, CHDN, APO, SEMG, TM, NFLX, IEP, HRB, MOFG, VRTX, ORC, RRMS, SBRA, PTSI, HOLX, NAVB, PDCE, SXL, HMC, IT, MWE, HTLFOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: H&R Block (HRB) initiated with an Outperform at Wedbush... Heartland Financial (HTLF) initiated with a Buy at DA Davidson... Hologic (HOLX) initiated with a Hold at Stifel... Icahn Enterprises (IEP) initiated with a Buy at Jefferies... MarkWest Energy (MWE) initiated with a Neutral at Goldman... Netflix (NFLX) initiated with an Underweight at Evercore... P.A.M. Transportation (PTSI) initiated with a Buy at Wunderlich... Gartner (IT) initiated with a Buy at Janney Capital... Netflix (NFLX) initiated with an Underweight at Evercore... Sabra Health Care (SBRA) initiated with a Buy at Sidoti... Honda (HMC) initiated with a Neutral at Guggenheim... Toyota (TM) initiated with a Buy at Guggenheim... Rose Rock Midstream (RRMS) initiated with an Equal Weight at Morgan Stanley... SemGroup (SEMG) initiated with an Overweight at Morgan Stanley... Orchid Island Capital (ORC) initiated with a Buy at Ladenburg... Sunoco Logistics (SXL) reinstated with an Outperform at Credit Suisse... Apollo Global (APO) initiated with a Market Perform at BMO Capital... PDC Energy (PDCE) initiated with a Hold at Topeka... Vertex (VRTX) initiated with a Buy at Chardan... Churchill Downs (CHDN) initiated with a Buy at Janney Capital... Navidea (NAVB) initiated with a Buy at Janney Capital... Abraxas Petroleum (AXAS) initiated with a Neutral at Global Hunter... MidWestOne (MOFG) initiated with a Neutral at DA Davidson.
News For HRB;HTLF;HOLX;IEP;MWE;PTSI;NFLX;IT;SBRA;TM;HMC;RRMS;SEMG;SXL;ORC;APO;PDCE;VRTX;CHDN;NAVB;MOFG;AXAS From The Last 14 Days
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August 21, 2015
18:42 EDTHMCNHTSA launches probe into 2008 Honda Accord air bag controller, Reuters says
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16:01 EDTNFLXOptions Update; August 21, 2015
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13:50 EDTNFLXOn The Fly: Weekly technical notes, Gold, S&P 500, Germany, China, Energy
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12:14 EDTNFLXStocks with call strike movement; FB NFLX
Facebook (FB) November 110 call option implied volatility increased 8% to 38, Netflix (NFLX) December 130 call option implied volatility increased 4% to 54 according to iVolatility.
11:24 EDTHRBIntuit plummets after Q1, FY16 outlooks trail estimates
Shares of tax preparation software provider Intuit (INTU) are sinking after the company's first quarter and fiscal 2016 outlooks significantly trailed analyst's consensus estimates. WHAT'S NEW: After the close on Thursday, Intuit reported fourth quarter adjusted earnings per share of (5c) and revenue of $696M, compared to analysts' consensus estimates of (12c) and $738.98M, respectively. In the U.S., TurboTax Online units increased 11% and total TurboTax units grew 7%, excluding the Free File Alliance, the company said. Additionally, Intuit said it reached 1.075M QuickBooks Online subscribers through the end of Q4 and increased total QuickBooks online subscribers by 57% for the year. Brad Smith, Intuit's president and Chief Executive Officer said the company closed out fiscal year 2015 "on a strong note," adding that the company's small business momentum "continues to build and our QuickBooks Online ecosystem growth is accelerating." Looking ahead, Intuit said it expects Q1 adjusted EPS of (4c)-(3c) and revenue of $660M-$680M, well below analysts' consensus estimates of of 6c and $776.36M, respectively. For FY16, the company expects adjusted EPS of $3.40-$3.45 and revenue of $4.53B-$4.6B, far short of the consensus of $3.82 and $5.04B, respectively. WHAT'S NOTABLE: In its earnings release, Intuit announced its intent to divest Demandforce, QuickBase and Quicken. The divestment will help Intuit "focus on and invest in businesses that strengthen the ecosystem and align with two strategic goals: to be the operating system behind small business success, and to do the nations' taxes in the U.S. and Canada," the company said. As a result of the decision, the company said FY16 adjusted EPS will be reduced by about 10c and revenue will be reduced by approximately $250M, as the company reports these assets as discontinued operations. Separately, Intuit raised its dividend for the first quarter by 20% to 30c per share, payable on October 19. ANALYST REACTION: First Analysis analyst James Macdonald downgraded Intuit this morning to Underweight from Equal Weight. Macdonald said Intuit's small business online ecosystem has "relatively low monetization." PRICE ACTION: In late morning trading, Intuit fell $10.80, or 10.41%, to $92.23 on more than twice its average daily trading volume. Despite today's pull back, the shares have gained approximately 5% over the past year. OTHERS TO WATCH: Other companies in the tax preparation space include Liberty Tax (TAX), up 0.16%, and H & R Block (HRB), down 1.5%.
10:02 EDTHMCHome Depot, Honda Power Equipment expand supply partnership
Honda Power Equipment, a division of American Honda Motor Co. (HMC), and marketer of a comprehensive range of outdoor power equipment, announced today the expansion of its partnership with The Home Depot (HD). Beginning September 1, a number of Honda generator models will be sold at The Home Depot's top 300 U.S. PRO Desk locations, a specialized area of the store dedicated to the product and service needs of the professional contractor.
09:42 EDTNFLXNetflix falls, levels to watch
Shares were last at $106.21, down by more than 5.5%. At that price the low of the day at $104.92 would be next support, and then $101.09. Resistance is at $109.86. The move today is taking place under the 30-day moving average, which was longer-term uptrend support.
09:34 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL FB BAC NFLX DIS TSLA TWTR
09:27 EDTNFLXNetflix volatility increases as shares pull back
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06:14 EDTTMToyota to purchase air bag inflators from Nippon Kayaku, Reuters reports
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05:47 EDTNFLXStocks with implied volatility movement; NFLX FB
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August 20, 2015
16:48 EDTNFLXOn The Fly: Top stock stories for Thursday
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16:00 EDTNFLXOptions Update; August 20, 2015
iPath S&P 500 VIX Short-Term Futures up 1.49 to 17.70. Option volume leaders: AAPL BAC FB NFLX DIS INTC BABA MU
13:26 EDTNFLXOn The Fly: Top stock stories at midday
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11:22 EDTNFLXNetflix selling accelerates on heavier volume
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11:16 EDTNFLXStocks with call strike movement; FB NFLX
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10:19 EDTNFLXNetflix may test uptrend support
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09:17 EDTNFLXDisney hit with another downgrade on TV concerns
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07:31 EDTNAVBNavidea reports publication of Lymphoseek comparative results in pain study
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06:38 EDTTMToyota to ask parts makers for price cuts, Nikkei reports
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