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Stock Market & Financial Investment News

News Breaks
November 9, 2012
16:37 EDTJCP, DIS, GRPN, KYAK, PCLN, ISIS, DTSI, STRAOn the Fly: Closing Wrap
Stocks on Wall Street were fractionally higher on the day, putting an end to consecutive selloffs following Tuesday night's election, and capping a volatile week for the averages. Stocks opened the day lower but quickly moved into positive territory, and while a mild selloff during President Obama's midday remarks regarding the fiscal cliff sent the market lower, the averages were able to maintain some gains and finish positive for the session... ECONOMIC EVENTS: In the U.S., import prices rose 0.5% in October from the prior month, versus expectations for them to be flat. The preliminary University of Michigan consumer sentiment reading for November came in at 84.9, versus the expected 82.9. Wholesale inventories were reported to have increased 1.1% in September, versus expectations for an increase of 0.4%. Also, the Congressional Budget Office estimated that going over the fiscal cliff would cut U.S. economic output by about 3%, driving the nation back into recession next year. President Obama made his first public comments since the election regarding the fiscal cliff and said that he would not accept a deficit reduction plan that did not include revenue hikes. However, Senate Minority Leader Mitch McConnell said Republicans would not agree to increased taxes for any payers... COMPANY NEWS: Shares of J.C. Penny (JCP), Walt Disney (DIS), and Groupon (GRPN) all traded lower following the release of their quarterly earnings. Shares of J.C. Penny were down $1.05, or 4.84%, to $20.64 after the company's EPS and revenue both missed consensus estimates and the company reported same store sales were down 26.1% in Q3. Disney fell $2.98, or 5.96%, to $47.06 after reporting their quarterly earnings after yesterday's close. Shares of Groupon were down $1.16, or 29.59%, to $2.76 after earnings missed consensus estimates and the stock received at least four analyst downgrades and three lowered price targets... MAJOR MOVERS: Among the notable gainers were shares of Kayak Software (KYAK), up $8.63, or 27.80%, to $39.67, after agreeing to be acquired by Priceline.com (PCLN) in a stock and cash transaction equivalent to $40 per share of Kayak stock. Shares of Priceline were fractionally lower after the announcement, down $2.00, or 0.32%, to $625.87. Also higher on the day were shares of Isis Pharmaceuticals (ISIS), up $1.11, or 14.47%, to $8.78 after the stock was upgraded to Outperform from Neutral at Cowen, citing a favorable valuation and optimism surrounding its antisense platform and pipeline. Among noteworthy losers were shares of DTS Inc (DTSI), down $5.82, or 28.23%, to $14.80 after the company reported earnings that missed consensus estimates and lowered its FY12 and FY13 revenue view. Also lower were shares of Strayer Education (STRA), down $9.66, or 17.20%, to $46.51 after its full-year earnings outlook was well below consensus estimates and the company suspended its dividend... INDICES: The Dow was up 4.07, or 0.03%, to 12,815.39; the S&P 500 was up 2.34, or 0.17%, to 1,379.85; the Nasdaq was up 9.29, or 0.32%, to 2,904.87.
News For JCP;DIS;GRPN;KYAK;PCLN;ISIS;DTSI;STRA From The Last 14 Days
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September 9, 2014
15:11 EDTGRPNGroupon confirms integration with Apple Pay
Groupon (GRPN) announced its integration with Apple Pay, Apple's (AAPL) new mobile payment system for iPhone 6 and iPhone 6 Plus. Groupon said it is one of the first mobile commerce companies to announce integration with Apple Pay, and the new payment option will be available to customers beginning in October.
14:54 EDTDISApple announces Apple Pay
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13:58 EDTPCLN, GRPN, DISStarbucks, Groupon, OpenTable apps among those to integrate Apple Pay
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07:16 EDTJCPSterne Agee to hold a field trip
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September 8, 2014
11:15 EDTJCPJ.C. Penney volatility at 27-month low
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September 5, 2014
12:42 EDTPCLNStocks with increasing options volume
Stocks with increasing options volume: VALE MCP KORS WAG GM PCLN
10:05 EDTPCLNOn The Fly: Analyst Downgrade Summary
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09:18 EDTDISDISH debuts ESPN Fantasy Football app
As the NFL kicks off its 2014 season, DISH (DISH) is adding an ESPN Fantasy Football app that delivers fantasy stats directly to customers’ TV screens. ESPN is owned by Disney (DIS).
06:59 EDTPCLNPriceline downgraded to Equal-Weight from Overweight at Evercore
Evercore downgraded Priceline (PCLN) to Equal Weight based on Google (GOOG) competitive concerns. The analyst is positive on Priceline's Enterprise initiatives but said they are in the early stages and don't address new "captive demand" channels Google is integrating. Price target lowered to $1,350 from $1,450.
06:01 EDTDISESPN head doesn't see people using Google for big sports events, Re/code reports
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September 3, 2014
16:20 EDTDISChesapeake Lodging to acquire JW Marriott property and sell Courtyard Anaheim
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06:03 EDTDISDISH plans to call upcoming internet TV service Nutv, GigaOM reports
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September 2, 2014
19:28 EDTISISIsis Pharmaceutical licensing partner Antisense reports ATL1103 phase II results
Antisense Therapeutics, or ANP, reported the primary efficacy results from its phase II clinical trial of ATL1103 in patients with the potentially life threatening growth disorder, acromegaly. The phase II trial met its primary efficacy endpoint showing a statistically significant average reduction in the serum insulin-like growth factor-I, or sIGF-1, levels of 26% from baseline at week 14 at the 400mg per week dose tested. All patients treated with 400mg per week of ATL1103 had a reduction in sIGF-I levels from baseline at week 14. Greater reductions in sIGF-I were observed in patients who had lower body weights and thereby received a relatively higher dose per kg bodyweight with the patients who received 5.5 mg/kg per week showing a 36% average reduction in their sIGF-I levels. The positive results achieved in this Phase II trial position ATL1103 to move into Phase III stage of development. Consequently, ANP will accelerate out-licencing activities to secure a pharmaceutical development partner for the drug's further development. ANP has 4 products in its development pipeline that it has in-licensed from Isis Pharmaceuticals, including ATL1103.
16:54 EDTPCLNPriceline files automatic mixed securities shelf
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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.
07:36 EDTDISDisney wins another weekend with 'Guardians,' LA Times reports
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07:14 EDTGRPNGroupon upgraded at RBC Capital
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06:34 EDTDISA+E Networks could buy 10% of Vice Media for $250M, WSJ reports
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06:09 EDTGRPNGroupon upgraded to Sector Perform from Underperform at RBC Capital
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