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Stock Market & Financial Investment News

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February 21, 2013
13:46 EDTISRGIntuitive Surgical volatility low on wide price movement
Intuitive Surgical March call option implied volatility is at 23, April is at 28, July is at 27; compared to its 26-week average 30 according to Track Data; suggesting decreasing price movement following Citron Research reaffirming its $300 price target.
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April 23, 2014
07:34 EDTISRGIntuitive Surgical lowered 2014 procedure growth outlook to 2%-8%
Intuitive Surgical on its earnings conference call last night lowered its 2014 procedure growth guidance to 2%-8% from 9%-12%. The company said, "This is a wider range than we have previously communicated, giving consideration to increased volatility in elective procedures and the recent FDA statement discouraging the use of power morcellation techniques and the potential impact this may have on our procedure business."
April 22, 2014
16:14 EDTISRGIntuitive Surgical reports Q1 EPS with items $1.13, may not compare ests $3.27
Reports Q1 revenue $464.7M, consensus $507.04M. Q1 net income, including the $67M litigation accrual and reflecting the $26M revenue deferral associated with the da Vinci Xi customer trade-out program, was $44M, or $1.13 per diluted share, compared with $189M, or $4.56 per diluted share, for the prior year period.
15:57 EDTISRGIntuitive Surgical technical comments before results
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13:15 EDTISRGEarnings Preview: Intuitive Surgical looks to rebound after Q1 preannouncement
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08:35 EDTISRGIntuitive Surgical announces FDA clearance of da Vinci Sp Surgical System
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April 17, 2014
12:29 EDTISRGIntuitive Surgical lower after FDA discourages laparoscopic power morcellation
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April 14, 2014
06:30 EDTISRGIntuitive Surgical May volatility elevated at 41 on wide price movement
Intuitive Surgical May call option implied volatility is at 41, July is at 34; compared to its 26-week average 33.
April 11, 2014
08:51 EDTISRGLeerink's medical devices analysts hold an analyst/industry conference call
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April 10, 2014
08:09 EDTISRGSurgeons positive on new Intuitive Surgical robot, says JPMorgan
JPMorgan said its survey of general surgeons indicated a positive reaction to Intuitive Surgical's recently approved da Vinci Xi system. The firm said many surgeons noted the multi-quadrant ability as a significant upgrade, which it notes should enable additional procedures. JPMorgan keeps an Overweight rating on Intuitive Surgical with a $550 price target.
April 9, 2014
16:23 EDTISRGOn The Fly: Closing Wrap
Stocks on Wall Street were higher after the minutes of the latest FOMC meeting struck a particularly dovish note. The averages, which were higher for the second straight session ahead of the minutes release, climbed to their highs over the final two hours of trade. Each index posted gains of over 1%, with the tech-heavy Nasdaq again the biggest winner. ECONOMIC EVENTS: The minutes for the March 18-19 FOMC showed that some committee members were concerned that its future interest rate projections could be misconstrued by the market as advocating tighter monetary policies. The minutes also showed that committee members expect to continue tapering the Fed's asset purchases if the economy performs as expected going forward. Wholesale inventories rose 0.5% in February, matching economists' forecast. COMPANY NEWS: Several auto majors were in the news, notably General Motors (GM), which fell 91c, or 2.64%, to $33.62 as the National Highway Traffic Safety Administration yesterday announced that it fined the automaker for failing to respond to the administration's inquiry into its recall related to faulty ignition switches in a timely manner. Analysts at Morgan Stanley also downgraded the stock to Underweight from Equal Weight. U.S.-listed shares of Toyota Motor (TM) fell $1.37, or 1.26%, to $107.73 after the company announced the recall of over 6M vehicles worldwide. A report from Automotive News said that Volkswagen (VLKAY) issued a stop-sale order on some of it newer-model cars, but U.S.-listed shares of the German automaker, which were upgraded earlier in the session by Bernstein to Outperform, were unfazed and gained $2.91, or 5.72%, to $53.78... Two notable initial public offerings took place today, with hotel chain operator La Quinta (LQ) gaining 12c, or 0.71%, to $17.12 and Chinese medical exam and screening center operator iKang Healthcare (KANG) gaining $1.20, or 8.57%, to $15.20, in their first day of trade. MAJOR MOVERS: Among the notable gainers was marketing software and solutions provider Constant Contact (CTCT), up $6.30, or 28.74%, to $28.22 after the company's preliminary first quarter revenue exceeded analysts' projection. Also higher was social media giant Facebook (FB), up $4.22, or 7.25%, to $62.41 after analysts at Susquehanna and SunTrust published positive commentary on the company. Among the noteworthy losers was Intuitive Surgical (ISRG), down $33.20, or 6.78%, to $456.64 after last night saying it expects first quarter revenue to come in well below expectations, though the stock was defended by no fewer than three analyst firms following the announcement. Also lower were a number of coal producers, including Alpha Natural Resources (ANR) and Walter Energy (WLT), which each lost more than 6%, and Arch Coal (ACI), which fell over 3%, after all three stocks were downgraded to Sell at UBS. INDEXES: The Dow was up 181.04, or 1.11%, to 16,437.18, the Nasdaq was up 70.91, or 1.72%, to 4,183.90, and the S&P 500 was up 20.22, or 1.09%, to 1,872.18.
13:35 EDTISRGIntuitive Surgical gaps down, retraces some losses, levels to watch
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10:06 EDTISRGOn The Fly: Analyst Initiation Summary
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10:00 EDTISRGIntuitive Surgical falls 7.7%
Intuitive Surgical is down 7.7%, or $37.50, to $452.34
09:11 EDTISRGOn The Fly: Pre-market Movers
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09:06 EDTISRGIntuitive Surgical should be bought on any weakness, says JMP Securities
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09:00 EDTISRGIntuitive Surgical falls 9.1%
Intuitive Surgical is down 9.1%, or $44.80, to $445.04
08:13 EDTISRGIntuitive Surgical volatility is expected to move on Q1 revenue warning
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07:59 EDTISRGOutlook for Intuitive Surgical still upbeat after preannouncement, says Wedbush
After Intuitive Surgical issued a negative Q1 preannouncement, Wedbush does not view the Q1 results as "overly representative" of the company's 2014 results. The firm is confident that the company will benefit from its new products, and it keeps a $550 price target and Outperform rating on the shares.
07:39 EDTISRGIntuitive Surgical pullback a buying opportunity, says William Blair
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07:31 EDTISRGIntuitive Surgical will return to 'strong growth' late in year, says JPMorgan
JPMorgan says it continues to expect Intuitive Surgical to return to "strong growth" in late 2014 and 2015 despite the company's weaker than expected Q1 preannouncement. The firm believes weather played a meaningful role in the Q1 weakness and it keeps an Overweight rating on Intuitive Surgical shares.
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