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Stock Market & Financial Investment News

News Breaks
August 7, 2014
10:28 EDTINSM, KORS, FEYE, GMCR, WETF, OWW, GPRO, EXPE, GRPN, SALEOptions with decreasing implied volatility
Options with decreasing implied volatility: INSM GRPN EXPE GPRO OWW WETF GMCR FEYE KORS SALE
News For INSM;GRPN;EXPE;GPRO;OWW;WETF;GMCR;FEYE;KORS;SALE From The Last 14 Days
Check below for free stories on INSM;GRPN;EXPE;GPRO;OWW;WETF;GMCR;FEYE;KORS;SALE the last two weeks.
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September 5, 2014
07:19 EDTGPROGoPro price target raised to $60 from $48 at Piper Jaffray
Piper Jaffray raised its price target for GoPro (GPRO) shares to $60 saying it remains positive on the company's near- and long-term outlook. Piper believes GoPro's near-term trends are tracking at least in-line with guidance following yesterday's strong results by supplier Ambarella (AMBA). The firm recommends using any weakness in the stock as a buying opportunity and keeps an Overweight rating on the name.
06:30 EDTINSMInsmed initiated with an Outperform at Cowen
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September 4, 2014
18:28 EDTKORSOn The Fly: After Hours Movers
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16:26 EDTKORSMichael Kors offers 11.63M shares for Sportswear Holdings
Michael Kors announced that it has launched a secondary public offering of ordinary shares pursuant to a shelf registration statement on Form S-3 filed with the SEC on behalf of Sportswear Holdings Limited, one of its principal founding shareholders, for the offering of 11.63M ordinary shares, representing all of the ordinary shares held by Sportswear Holdings. Effective as of the closing date of the offering, Lawrence Stroll and Silas Chou will resign from the company’s board. Following their resignation, the company’s board will be comprised of seven directors. J.P. Morgan Securities LLC will act as sole book-running manager for the offering.
14:19 EDTGPROGoPro slides following downgrade, levels to watch
Shares are down over 5% at time of writing at $54. At that price, next support is at $53.23, the low of the day, and then at $52.19. Resistance is at $55.52. JPMorgan downgraded the shares earlier today to Neutral with a $51 price target.
10:29 EDTGPROOn The Fly: Analyst Downgrade Summary
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10:00 EDTGPROGoPro slips after JPMorgan cuts rating citing valuation
Shares of GoPro (GPRO) are falling after JPMorgan downgraded the stock to Neutral from Overweight based on valuation concerns. GoPro develops mountable and wearable cameras. WHAT'S NEW: GoPro has risen 137% from its IPO price of $24 and the stock should not be bought at current levels, JPMorgan analyst Paul Coster wrote in a note to investors. However, the analyst continues to believe that GoPro remains dominant in the action camera sector and he says that it could launch new cameras ahead of the holiday season. Consequently, Coster does not recommend that investors sell shares of the stock, as he believes that the shares are as likely to go up as they are to go down. He kept a $51 price target on the stock. WHAT'S NOTABLE: Coster believes that GoPro's stock may have risen recently partly on speculation that the company could benefit from the growing push for police officers to use wearable cameras. After speaking with GoPro's CFO, however, the analyst thinks that GoPro's opportunity in this area is "quite modest." A number of other companies that provide cameras and related services to police forces have moved higher in recent trading, including Digital Ally (DGLY) and TASER (TASR). PRICE ACTION: In early trading, GoPro fell $1.10, or 2%, to $55.76.
09:06 EDTGPROOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PVH Corp. (PVH), up 9%... Verifone (PAY), up 3.8%... Methode Electronics (MEI), up 13%... Bazaarvoice (BV), up 9%. ALSO HIGHER: Bolt Technology (BOLT), up 35.7% after Teledyne (TDY) agrees to acquire the company for $22 per share in cash... Mitek Systems (MITK), up 58% after USAA lawsuit settlement... Tibco Software (TIBX), up 7% after announcing that it is reviewing strategic alternatives... Stereotaxis (STXS), up 22% after receiving FDA clearance for Vdrive with V-Loop system... NewLink (NLNK), up 3.4% after reporting FDA approval for Phase 1 clinical studies of Ebola vaccine. DOWN AFTER EARNINGS: Ciena (CIEN), down 3%... Joy Global (JOY), down 1%... Matrix Service (MTRX), down 11%... Mobileye (MBLY), down 1.3%. ALSO LOWER: Yum! Brands (YUM), down 2.8% after updating third quarter China division same-store sales guidance... 3D Systems (DDD), down 2.9% after downgraded at Pacific Crest... GoPro (GPRO), down 3.5% after downgraded at JPMorgan... Shanda Games (GAME), down 4% after announcing reconstitution of special committee.
07:18 EDTEXPEACCC cites competition concerns about Expedia proposed acquisition of Wotif
The Australian Competition and Consumer Commission has released a Statement of Issues outlining competition issues that have arisen to date from the ACCC’s review of the proposed acquisition of Wotif.com Holdings by Expedia. The ACCC is exploring whether the removal of Wotif from the Australian market has the potential to increase the rate of commissions charged to hotels and other accommodation providers in Australia. The ACCC’s preliminary view is that bricks and mortar travel agents are unlikely to be a strong constraint on the operations of OTAs and therefore do not form part of the relevant market. “The ACCC is seeking further information to determine whether the proposed acquisition is likely to substantially lessen competition in the market for the online distribution of Australian accommodation,” ACCC Chairman Rod Sims said. Reference Link
06:19 EDTGPROGoPro downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded GoPro to Neutral citing valuation following the recent rally in shares. The firm has a $51 price target for the stock, which closed yesterday up 5% to $56.86.
September 3, 2014
12:19 EDTGPROOptions with increasing implied volatility
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11:31 EDTFEYEStocks with call strike movement; FEYE SPLK
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10:40 EDTFEYEAnalyst sees security 'spending frenzy' amid high-profile hacks
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09:01 EDTGMCRKeurig Green Mountain, Coca-Cola expand agreement to Keurig hot brewing system
Keurig Green Mountain (GMCR) and The Coca Cola Company (KO) have expanded the companies’ innovative partnership to offer select beverages from the portfolio of The Coca Cola Company’s still brands in the Keurig hot brewing system in the United States and Canada. Honest Tea will be the first brand from The Coca Cola Company available in K-Cup® packs. In February 2014, the companies signed a 10-year agreement to collaborate on the development and introduction of The Coca Cola Company's global brand portfolio for use in Keurig’s forthcoming Keurig Cold™ at-home beverage system, available in Keurig’s fiscal year 2015. As part of that agreement Coca-Cola acquired a 10% minority equity position in Keurig and subsequently announced its intention to increase its stake up to 16%.
06:44 EDTFEYESecurity market demand 'rapidly' improving, says Piper Jaffray
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September 2, 2014
11:27 EDTGRPNStocks with call strike movement; GRPN SCTY
Groupon (GRPN) January 8 call option implied volatility increased 3% to 54, SolarCity (SCTY) January 82.5 call option implied volatility increased 6% to 52 according to IVolatility.
10:02 EDTGRPNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Cabot Oil & Gas (COG) upgraded at Stifel... Century Aluminum (CENX) upgraded to Overweight from Equal Weight at Morgan Stanley... Groupon (GRPN) upgraded at RBC Capital... Hawaiian Electric (HE) upgraded to Neutral from Cautious at ISI Group... Life Time Fitness (LTM) upgraded to Overweight from Neutral at Piper Jaffray... Live Nation (LYV) upgraded to Buy from Neutral at Northcoast... Northrop Grumman (NOC) upgraded at RBC Capital... Panasonic (PCRFY) upgraded to Buy from Sell at CLSA... Progressive (PGR) upgraded at Goldman... RCS Capital (RCAP) upgraded to Buy from Neutral at Citigroup... SandRidge Energy (SD) upgraded at Stifel... Staples (SPLS) upgraded to Outperform from Neutral at Credit Suisse... Statoil (STO) upgraded to Buy from Hold at Deutsche Bank... Tenaris (TS) upgraded to Neutral from Sell at UBS... Tesla (TSLA) upgraded at Stifel... Ultratech (UTEK) upgraded to Outperform from Market Perform at Barrington... Volkswagen (VLKAY) upgraded to Outperform from Neutral at Exane BNP Paribas... Waddell & Reed (WDR) upgraded to Buy from Hold at Jefferies... Willis Group (WSH) upgraded to Outperform from Market Perform at Keefe Bruyette... zulily (ZU) upgraded to Buy from Fair Value at CRT Capital.
09:19 EDTGPROGoPro volatility at historic low as shares at record high
GoPro overall option implied volatility of 41 is below its 26-week average of 56 according to Track Data, suggesting decreasing price risk.
07:14 EDTGRPNGroupon upgraded at RBC Capital
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06:09 EDTGRPNGroupon upgraded to Sector Perform from Underperform at RBC Capital
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