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Stock Market & Financial Investment News

News Breaks
April 26, 2013
16:23 EDTPKI, QLIK, EXPE, LOGM, AMZN, JCPOn The Fly: Closing Wrap
Stocks on Wall Street were mixed after U.S. GDP accelerated during the first quarter, but less than had been expected. The averages opened the session mixed and traded in a narrow range, as each of the major equity indices logged gains of more than 1% for the week. ECONOMIC EVENTS: In the U.S., real GDP growth accelerated to 2.5% in the first quarter, from 0.4% in the prior quarter. However, analysts expected the growth rate to tick up to 3%. Personal consumption in Q1 was estimated to have risen 3.2%, beating expectations for 2.8% growth. The final University of Michigan consumer sentiment index for April rose to 76.4, versus expectations for a 73.5 reading. COMPANY NEWS: J.C. Penney (JCP) traded sharply higher after George Soros disclosed a 7.91% passive stake in the company last night, and a late afternoon report by CNBC's David Faber said that Goldman has commitments for a $1.75B term loan for the company. Shares of J.C. Penney rallied to their highs following Faber's report, closing just off those levels, up $1.76, or 11.55%, to $17.00. MAJOR MOVERS: Among the notable gainers following their earnings reports were LogMeIn (LOGM), up $3.81, or 21.33%, to $21.67, and Qlik Technologies (QLIK), up $2.29, or 9.60%, to $26.14. Among the noteworthy losers was Amazon (AMZN), down $19.89, or 7.24%, to $254.81 after the company reported first quarter earnings that beat estimates, but gave a second quarter operating income view well below the prior year's results. Also lower after reporting earnings was Expedia (EXPE), down $6.41, or 9.87%, to $58.56, and PerkinElmer (PKI), down $4.12, or 11.95%, to $30.35. INDICES: The Dow was up 11.75, or 0.08%, to 14,712.55; the S&P 500 was down 2.92, or 0.18%, to 1,582.24; the Nasdaq was down 10.73, or 0.33%, to 3,279.26.
News For JCP;LOGM;QLIK;AMZN;EXPE;PKI From The Last 14 Days
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June 22, 2015
07:19 EDTEXPEExpedia upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Expedia (EXPE) to Buy citing an improving core business and cost synergies from acquisitions. The firm sees a path for Expedia to reach $200 per share over the next five year. It raised its price target for the stock to $130 from $95. Deutsche coupled the upgrade with a downgrade of Priceline (PCLN).
07:17 EDTEXPEPriceline downgraded to Hold from Buy at Deutsche Bank
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06:42 EDTEXPEExpedia upgraded to Buy from Hold at Deutsche Bank
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06:23 EDTAMZNAmazon updates customer reviews system with machine learning, CNet says
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June 19, 2015
16:00 EDTAMZNOptions Update; June 19, 2015
iPath S&P 500 VIX Short-Term Futures up 11c to 18.21, Option volume leaders: AAPL TWTR BAC T FB GILD NFLX BABA AAL MU AMZN
09:37 EDTAMZNActive equity options trading on open
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08:22 EDTAMZNChina to let foreign companies fully own e-commerce businesses, Reuters reports
China's Ministry of Industry and Information Technology announced that, effective immediately, foreign companies will be allowed to have full ownership of some e-commerce businesses, reported Reuters. Players in China's booming e-commerce market include market leader Alibaba Group (BABA) as well as JD.com (JD), Amazon.com (AMZN), Vipshop (VIPS) Wal-Mart (WMT), which holds a stake in shopping site Yihaodian, the report noted. Reference Link
05:52 EDTAMZNStocks with implied volatility movement; AMZN QCOM
Stocks with implied volatility movement; Amazon.com (AMZN) 24, Qualcomm (QCOM) 19 according to iVolatility.
June 18, 2015
12:04 EDTAMZNActive options: AAPL ORCL FB RAD BAC HTZ MU GE TSLA AMZN BABA KO
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10:54 EDTAMZNAmazon says long-term pact struck with publisher Penguin, AP reports
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09:35 EDTAMZNActive equity options trading on open
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08:14 EDTAMZNAmazon.com international EGM revenues poised to accelerate, says Bernstein
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08:04 EDTAMZNGoogle accelerating pace of cloud product innovation, says Baird
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June 17, 2015
13:43 EDTAMZNAmazon.com says 30-minute delivery by drone on the horizon, AP reports
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09:16 EDTAMZNAmazon.com introduces new Kindle Paperwhite
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09:08 EDTAMZNFedEx says properly identified delivery people an 'important issue'
FedEx (FDX) executives, responding to a question about "a prominent user of parcel services," likely referring to Amazon.com (AMZN), reportedly exploring its own solutions for delivery, said that "what a lot of people lose in this conversation" is that setting up a transportation network is extremely capital intensive, requires very sophisticated information technology and takes a very long time to build out to scale. FedEx also said that "research has indicated time and time again that a uniformed person with proper identification showing up at your doorstep is an important issue for customers" and that the consistency of customer experience is very critical. FedEx noted that it will continue to monitor these situations, but that it feels "pretty comfortable in terms of our strategy going forward and our ability to serve the e-commerce market and our customers."
08:45 EDTPKIBofA/Merrill life sciences analysts hold an analyst/industry conference call
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07:24 EDTAMZNHouse Oversight & Government Reform Committee to hold a hearing
The Committee holds a hearing entitled, "Drones: The Next Generation of Commerce?" with Michael Whitaker, Deputy Administrator of the FAA, Brian Wynne, CEO of Association for Unmanned Vehicle Systems International and Paul Misener, Vice President of Amazon on June 17 at 9 am. Webcast Link
07:04 EDTPKIAMRI and PerkinElmer to collaborate in drug discovery center
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06:30 EDTAMZNAmazonís Twitch wants to bring in 'nongaming brands,' CNBC reports
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