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Stock Market & Financial Investment News

News For KCG;PSO;KKR;BX;FB From The Last 14 Days
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August 2, 2015
15:45 EDTFBFacebook tests live events feature, WSJ says
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July 31, 2015
16:22 EDTFBStocks end week higher in U.S. despite selloff in China
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16:00 EDTFBOptions Update; July 31, 2015
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12:17 EDTKCGOnline brokers fall after KCG says retail trading activity muted
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10:31 EDTFBOptions with decreasing implied volatility
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09:36 EDTFBActive equity options trading on open
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08:18 EDTFBFacebook says aerospace, laser communications teams hit milestones
Facebook's Connectivity Lab team yesterday announced two milestones toward its goal to accelerate the development of a new set of technologies that can "drastically change the economics of deploying internet infrastructure." First, the team said "Aquila," the high-altitude, long-endurance aircraft designed by its aerospace team in the U.K., is now complete and ready for flight testing. "Aquila has the wingspan of a 737 but weighs hundreds of times less, thanks to its unique design and carbon-fiber frame. When deployed, it will be able to circle a remote region for up to 90 days, beaming connectivity down to people from an altitude of 60,000 to 90,000 feet," Facebook stated. Second, Facebook said its laser communications team achieved a "significant performance breakthrough," noting they’ve designed and lab-tested a laser that can deliver data at 10s of Gb per second, or approximately 10x faster than the previous state-of-the-art in the industry, to a target the size of a dime from more than 10 miles away. Facebook noted its team is now starting to test these lasers in real-world conditions. Reference Link
08:11 EDTBXBerry Plastics to acquire AVINTIV for $2.45B
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08:06 EDTBXBerry Plastics to acquire AVINTIV for approx. $2.45B in cash
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08:04 EDTBXBerry Plastics to acquire AVINTIV for approx. $2.45B in cash
07:10 EDTKKRJBF confirms $150M investment from KKR
JBF Industries has signed a definitive agreement with KKR under which KKR will invest $150M into JBF Group. A portion of the proceeds will be used by KKR to acquire a 20% stake in JBF, listed on the BSE Ltd. and National Stock Exchange of India. The remaining proceeds will be invested into zero-coupon convertible preference shares with 14.5% voting rights in JBF Global Pte. Limited, Singapore, an unlisted subsidiary. KKR will primarily make its investment from the KKR Special Situations Fund II. The transaction is subject to customary closing conditions, including the receipt of shareholder approval and regulatory approvals from competition authorities. Further details of the transactions were not disclosed.
07:06 EDTKCGKCG Holdings reports book value of $15.58 per share as of June 30, 2015
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07:06 EDTKCGKCG Holdings reports GAAP EPS (18c) vs. 8c last year
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07:03 EDTKCGKCG Holdings reports Q2 EPS (18c) vs. 8c a year ago
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July 30, 2015
18:56 EDTFBFacebook plans drone test later this year, AP says
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18:37 EDTKKRKKR to invest $150M in JBF Industries, FT says
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18:13 EDTFBOn The Fly: Top stock stories for Thursday
The market began the session in negative territory following the release of second quarter GDP data below economists' estimates. Continuing this morning's slow start, the indexes churned in negative territory for the first half of the day before turning mixed near noon. The Dow and S&P generally lagged behind the Nasdaq, with the S&P narrowly edging into positive territory by session close. ECONOMIC EVENTS: In the U.S., gross domestic product was estimated to have grown at a 2.3% annualized rate in the second quarter, though expectations were for GDP growth of 2.7%. The government also upwardly revised its estimate of first quarter GDP growth to 0.6% from a prior estimate of 0.2% contraction in the period. Initial jobless claims rose 12,000 to 267,000 in the week ended July 25, which was a bit below the expected 270,000 first-time claims. COMPANY NEWS: Facebook (FB) reported earnings and revenues last night that topped expectations, but its shares slid $1.78, or 1.84%, to $95.21 as the social network's growth in daily averages users fell a bit short of the consensus forecast and may have missed the high, "whisper" expectations for its report... Shares of Whole Foods (WFM) sunk 11.61% to $36.08 and hit a 52-week low of $35.57 during the session after the company reported weaker than expected results and provided lower than expected profit guidance. Several analysts downgraded shares of the organic foods grocer in the wake of its quarterly report and outlook. MAJOR MOVERS: Among the notable gainers was T-Mobile (TMUS), which advanced $1.82, or 4.91%, to $38.86 after handily beating analyst estimates and raising its outlook for yearly net customer additions forecast. Also higher following their earnings reports were Mondelez (MDLZ) and WWE (WWE), gaining a respective 5.03% and 17.48%. Among the noteworthy losers was Stratasys (SSYS), which fell $3.82, or 10.47%, to $32.67 after the company rescinded its fiscal year guidance, citing a lack of visibility on growth in the market. The news built on continued fears of overcapacity in the sector, leading to session losses for numerous 3D printer stocks, including an 8.94% drop for peer 3D Systems (DDD). Also lower was Qorvo (QRVO), which declined $9.99, or 14.17%, to $60.49 after its second quarter guidance significantly trailed analyst estimates, after which the stock saw price target reductions from BMO and Brean. Additionally, LinnCo (LNCO) declined $1.83, or 29.33%, to $4.41 after parent company Linn Energy (LINE) announced plans to suspend dividends and reserve roughly $450M from annualized distributions, which saw Linn also slipping 26.32% to $4.76. INDEXES: The Dow fell 5.41, or 0.03%, to 17,745.98, the Nasdaq gained 17.05, or 0.33%, to 5,128.79, and the S&P 500 advanced 0.06, or 0.00%%, to 2,108.63.
16:00 EDTFBOptions Update; July 30, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 16.05. Option volume leaders: AAPL FB SPLS X TWTR BAC NFLX MU CHK BIDU WFM HPQ LNKD MDLZ XOM
12:55 EDTFBOn The Fly: Top stock stories at midday
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11:37 EDTFBFacebook price targets hiked while shares slide after earnings
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10:09 EDTFBOptions with decreasing implied volatility
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09:25 EDTFBOn The Fly: Pre-market Movers
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08:16 EDTFBFacebook Q2 results over-delivered, says Brean Capital
Brean Capital said Facebook reported Q2 results that were ahead of expectations despite headwinds from foreign exchange. Brean Capital reiterated its Buy rating and raised its price target to $111 from $108 on Facebook shares, citing its strong execution, careful monetization and its leading long-term position in the digital advertising industry.
08:03 EDTFBFacebook price target raised to $110 from $100 at Oppenheimer
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07:54 EDTFBFacebook price target raised to $115 from $105 at BofA/Merrill
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07:46 EDTFBFacebook price target raised to $108 from $95 at Stifel
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07:45 EDTFBFacebook results impressive despite high expectations, says Baird
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07:41 EDTFBFacebook price target raised to $115 following strong Q2 at Raymond James
Raymond James raised Facebook's price target to $115 from $110 following the strong Q2 report. The firm said engagement trends remain solid and is encouraged by the continued strength in the core platform and monetization of new platforms. Raymond James rates shares an Outperform .
07:33 EDTFBFacebook fundamentals still 'very strong,' says RBC Capital
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07:14 EDTFBFacebook price target raised to $115 from $100 at Deutsche Bank
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06:25 EDTKKRSamson Resources plans to file for bankruptcy protection, NY Post reports
Samson Resources plans to file for bankruptcy protection "within days," the New York Post reports. KKR (KKR) is slated to lose its approximately $2B investment in the firm, the report says. Cerberus Capital Management, Silver Point Capital, and Credit Suisse (CS) are among the second-lien lenders that hold roughly $1B in debt and will take over Samson in exchange for their loans as part of a prepackaged bankruptcy, the report says. Reference Link
05:35 EDTFBFacebook price target raised to $110 from $96 at Baird
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05:32 EDTFBFacebook price target raised to $146 from $120 at Piper Jaffray
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July 29, 2015
19:32 EDTFBOn The Fly: After Hours Movers
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19:06 EDTFBFacebook says over 450M people using events each month, over 850M using groups
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16:08 EDTFBFacebook drops 4.6% to $92.60 following Q2 earnings report
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16:03 EDTFBFacebook says mobile ad revenue made up 76% of total Q2 ad revenue
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16:02 EDTFBFacebook reports Q2 daily active users up 17%
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16:01 EDTFBFacebook reports Q2 EPS 50c, consensus 47c
Reports Q2 revenue $4.04B, consensus $3.99B.
16:00 EDTFBOptions Update; July 29, 2015
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15:59 EDTFBNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 47c... MetLife (MET), consensus $1.48... Williams (WMB), consensus 24c... Vertex (VRTX), consensus (58c)... O'Reilly Automotive (ORLY), consensus $2.26... NXP Semiconductors (NXPI), consensus $1.37... Marriott (MAR), consensus 81c... Fiserv (FISV), consensus 94c... Western Digital (WDC), consensus $1.45... SBA Communications (SBAC), consensus 9c... Whole Foods (WFM), consensus 45c... Lincoln National (LNC), consensus $1.53... Lam Research (LRCX), consensus $1.47... ServiceNow (NOW), consensus (2c)... Qorvo (QRVO), consensus $1.06... Hologic (HOLX), consensus 39c.
15:08 EDTFBNotable companies reporting after market close
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14:49 EDTFBFacebook July weekly 96 straddle priced for 8.2% movement into Q2
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12:37 EDTFBEarnings Watch: Analysts upbeat on Facebook revenue drivers ahead of Q2 report
Facebook (FB) is expected to report second quarter earnings after the market close on Wednesday, July 29 with a conference call scheduled for 5:00 pm ET. Facebook is a social networking service with over 1B active users. EXPECTATIONS: Analysts are looking for earnings per share of 47c on revenue of $3.99B. The consensus range is 39c-54c for EPS, and $3.66B-$4.22B for revenue, according to First Call. LAST QUARTER: Facebook reported first quarter EPS of 42c against estimates of 40c, on revenue of $3.54B against estimates of $3.56B. Facebook reported Q1 daily active users were up 17% to 936M and mobile daily active users were up 31% to 798M. Monthly active users were 1.44B as of March 31, 2015. The company said Instagram has more than 200M daily users. During its Q1 earnings conference call, Facebook said it expects Foreign Exchange headwinds in Q2 will be greater than Q1. It said it expects total payments and other fees revenue to decline year-over-year for the remainder of the year. NEWS: In the past quarter, Facebook introduced video calling and Moneypenny features to its Messenger service. It also announced the Internet.org platform and its Instant Articles for publishers. Re/code said Facebook may be mulling a Twitter (TWTR) acquisition, but Facebook declined to comment. A New York Times article said Facebook is in talks to insert music videos in feeds. Facebook also said there was no truth to a rumor that said it may launch a music streaming service. STREET RESEARCH: Most analyst firms in the past quarter gave positive recommendations on Facebook, citing strong revenue drivers from multiple sources, SunTrust said Facebook could get a significant revenue boost from its Instagram move and expects the Buy button could lift revenue 5%-10%. Piper Jaffray said Facebook’s multiple is expected to increase as investors become more aware of VR, adding that the company is the best play on the “next computer paradigm of virtual reality.” JMP Securities say Facebook is expected to continue its growth in ad share as Instagram engagement and monthly average users continue to grow. Ahead of the Q2 earnings report, ITG Research said Q2 revenue is tracking slight above consensus and BTIG expects Facebook to exceed consensus estimates due to higher confidence in video advertising opportunity. Brean Capital said Facebook will face ForEx headwinds in Q2, but quarterly results are less relevant as investors will be focused on the long-term goals. PRICE ACTION: Facebook shares have gained about 13% since the first day of trading following the company's Q1 report. In Wednesday afternoon trading ahead of its Q2 report, Facebook shares are up 0.5%
11:48 EDTFBStocks with call strike movement; FB GILD
Facebook (FB) December 110 call option implied volatility decreased 3% to 32, Gilead (GILD) November 130 call option implied volatility decreased 9% to 29 according to IVolatility.
11:15 EDTFBFacebook July weekly 95 straddle priced for 8.7% movement into Q2
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11:07 EDTFBFacebook technical comments ahead of results
On the daily chart there is a potential bullish flag that has developed in the last two weeks. If the news is strongly bullish, the flag pattern would become active on a move above $96.50. Upside potential for the pattern, if it triggers and completes, is to the $110 to $112 area. If the news is instead a negative surprise, first established support would be at the $90 area. On a breakdown below $90, next support would be at the 50-day moving average at $86.16. If the 50-day is broken, next support is at $84.74. The $83 to $80 zone has been strong support over the prior year in the event of a larger negative surprise.
09:35 EDTFB, BXActive equity options trading on open
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06:40 EDTFBFacebook testing profile tags feature, Verge reports
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06:23 EDTFBFacebook July weekly volatility elevated into Q2 and outlook
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06:07 EDTFBFacebook expected to present mobile revenue increase, Re/code says
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July 28, 2015
16:00 EDTFBOptions Update; July 28, 2015
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12:51 EDTBXExcel Trust shareholders approve acquisition by Blackstone
Excel Trust (EXL) announced that its common stockholders approved the acquisition of Excel Trust by Blackstone (BX) at its special meeting of stockholders held earlier. Subject to the satisfaction or waiver of all closing conditions related to the transaction, Excel Trust expects the transaction to close on July 31, 2015, at which time trading of the company's shares on the New York Stock Exchange will cease.
11:42 EDTFBStocks with call strike movement; FB GILD
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10:47 EDTFBUBS says YouTube paid service could be $1B business
Google's (GOOG, GOOGL) revenue could increase by about $1B or more if it decides to offer a paid, ad free version of its YouTube website in the U.S., UBS wrote in a note to investors today. The firm made the estimate based on a survey it conducted of U.S. consumers. WHAT'S NEW: YouTube remains well-positioned to benefit from the growth of online video, UBS analyst Eric Sheridan stated. After UBS conducted a survey of U.S. adult consumers, Sheridan reported that the survey found that 27% of U.S. consumers would probably subscribe to a paid, ad free version of YouTube. According to Bloomberg, YouTube has decided to launch such a service in coming months. If only 5% of U.S. YouTube users buy subscriptions to the service, Google's revenue would rise by about $943M, Sheridan estimated. Following the survey, the analyst is more confident that Google will meet his revenue estimates, which exceed consensus levels. Specifically, he predicted that Google's revenue for the second half of 2015 would come in at $32.4B, versus the consensus outlook of $31.8B, while its 2016 revenue would be $72.2B, compared with the consensus estimate of $69.7B. Sheridan kept a $750 price target and Buy rating on the stock. WHAT'S NOTABLE: Other companies that are significantly exposed to online video include Netflix (NFLX), Facebook (FB) and AOL, which has been acquired by Verizon (VZ). PRICE ACTION: In morning trading, Google Class A shares were little changed at $657.55.
09:42 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL BIDU FB NFLX F T FCX TWTR
08:16 EDTFBFacebook July weekly volatility elevated into Q2 and outlook
Facebook July weekly call option implied volatility is at 109, August is at 52, September is at 41; compared to its 52-week range of 19 to 48, suggesting large near term price movement into the expected release of Q2 results on July 29.
06:21 EDTFBTwitter, Facebook profitability gap 'vast,' Re/code reports
Twitter's (TWTR) recent stock stumble has created the appearance of a potential bargain compared with Facebook (FB), though in reality the difference in growth and profitability between the two companies is enormous, the Wall Street Journal reports. Analysts forecast Twitter posting negative $200M in EBITDA this year, with Facebook expected to post positive $8B, the report says. Reference Link
July 27, 2015
16:00 EDTFBOptions Update; July 27, 2015
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11:57 EDTFBStocks with call strike movement; FB GILD
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09:14 EDTFBFacebook price target raised to $110 from $94 at Cowen
Cowen analyst John Blackledge raised his price target for Facebook (FB) to $110 ahead of the social media giant's Q2 results on July 29. Investor sentiment has grown more positive recently given Facebook's "explosive" video growth and the opening of the Instagram platform to advertisers, Blackledge tells investors in a research note previewing the Q2 results this week for Internet names. He keeps an Outperform rating on the stock. Blackledge also keeps Outperform ratings on LinkedIn (LNKD) and IAC (IACI) as well as a Market Perform rating on Twitter (TWTR). Those three companies are also reporting Q2 results this week.
09:11 EDTFBFacebook price target raised to $125 from $100 at SunTrust
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08:23 EDTFBFacebook July weekly volatility elevated into Q2 and outlook
Facebook August weekly call option implied volatility is at 87, August is at 50, September is at 41; compared to its 52-week range of 19 to 48, suggesting large near term price movement into the expected release of Q2 results on July 29.
08:20 EDTFBFacebook expectations high into results, says BofA/Merrill
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06:23 EDTFBInstagram's mobile ad revenues to reach $2.81B in 2017, eMarketer says
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05:53 EDTFBBrean calls LinkedIn valuation 'problematic' ahead of Q2 results
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July 26, 2015
16:42 EDTPSOPearson in talks to sell stake in Economist Group
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July 24, 2015
15:06 EDTFBEarnings Watch: TV networks report as streaming services gain ground
CBS (CBS), Time Warner (TWX), Viacom (VIA, VIAB), and 21st Century Fox (FOX, FOXA) are among TV network companies expected to report quarterly results over the next several weeks, with Comcast (CMCSA, CMCSK) already having reported before the open on July 23. EXPECTATIONS: Time Warner is expected to report EPS of $1.03 on revenue of $6.9B, CBS is expected to report EPS of 73c on revenue of $3.22B, Viacom is expected to report EPS of $1.47 on revenue of $3.22B, and 21st Century Fox is expected to report EPS of 37c on revenue of $6.48B. LAST QUARTER: CBS, Time Warner, and Fox all reported stronger than expected Q1 results, while Viacom reported higher than expected Q2 EPS but missed on revenue. THIS WEEK'S EARNINGS: On the morning of July 23, Comcast reported Q2 EPS of 84c in line with estimates, and revenue of $18.7B versus expectations for $18.14B. Cable customer relationships for the quarter were up 31,000 to 27.3M, driven by increases in double and triple product relationships. During a subsequent conference call, the company noted that TV viewership continues to be under pressure. NEWS: At Re/code's Code Conference on May 27, CBS CEO Leslie Moonves remarked that his network will "probably" sign up for Apple's (AAPL) rumored TV service, and on June 3, CBS announced that its Showtime network will be offered over the internet as a stand-alone streaming service launching in early July for a monthly price of $10.99, with Apple as its first partner. On July 1, Variety quoted sources as saying Viacom was attempting to entice advertisers by offering to construct social-media and digital extensions of traditional TV ad campaigns as the company seeks to move away from Nielsen-based advertising sales. On July 8, the Wall Street Journal reported that Viacom's Paramount Pictures reached an agreement with AMC (AMC) to accelerate the home release of movies, noting that the company hoped to implement the quickened schedule for all new releases beginning later in the year. On July 17, Re/code reported that Viacom held talks to acquire e-commerce and media company Thrillist Media, according to sources. On June 17, 21st Century Fox named James Murdoch as CEO, with founder and former chairman and CEO Rupert Murdoch appointed executive co-chairman alongside Lachlan Murdoch. The Telegraph reported on June 20 that Fox rejected offers for its stake in Sky (SKYAY) from Vodafone (VOD) and Vivendi (VIVHY), potentially signalling an interest in outright purchasing the rest of Sky, according to the report. More recently, the European Commission announced on July 23 that it delivered a statement of objections to Sky and various film studios owned by Comcast, Viacom, Fox, Time Warner, Disney (DIS), and Sony (SNE), discussing anti-trust concerns due to limitations on country-by-country availability of pay-TV services. STREET RESEARCH: On May 12, Pacific Crest said it believes Apple will launch its TV service before the end of the year, saying the move should benefit TV networks as well as Apple itself. On June 24, Brean Capital said Facebook's (FB) agreement with Time Warner to host premier episodes of certain upcoming shows was "a trend worth following," and possibly indicative of Facebook hosting additional TV content in the future. Also on June 24, FBR Capital contended that Netflix (NFLX) was on pace to have a larger 24-hour audience than all traditional broadcast networks, where ratings are seeing declines on average, according to the research firm. Those comments were followed by a July 10 note on Netflix from Morgan Stanley, saying the subscription streaming service was seeing higher time spent per day than any single broadcast network. Moving away from the Netflix factor, on July 10, JPMorgan said CBS shares looked "very attractive" following a recent selloff, though the company saw a downgrade on July 20 from Pivotal, which cited higher costs of capital among other factors. Finally, Citi upgraded Viacom on July 16 to Neutral, citing recent underperformance in the company's shares heading into earnings season.
14:04 EDTFBOn The Fly: Weekly technical notes on 'FANG' and divergences
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13:52 EDTFBFacebook July weekly volatility increasing into Q2 and outlook
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12:33 EDTBXBlackstone reports CFO Tosi resigns to join Airbnb
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10:15 EDTFBFacebook wins litigation against investors over IPO, Reuters reports
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09:55 EDTKKRKKR enters bidding process for NCR, CNBC's Faber reports
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09:36 EDTFBActive equity options trading on open
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08:52 EDTPSOPearson sale of Financial Times positive, says Bernstein
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06:57 EDTFBFacebook July weekly volatility increasing into Q2 and outlook
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06:21 EDTBXAirbnb in talks to hire Blackstone's Tosi as CFO, Bloomberg reports
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05:43 EDTPSOPearson expects to return to more normal levels of restructuring expenditure
Expects cyclical and UK policy related factors to stabilize in 2015. The US policy environment remains uncertain. In North America, the company expects growth in online higher education services and VUE and, with more stable college enrollments and a slower new edition year, courseware to be broadly level. In School, the company expects greater stability in courseware and assessments with growth in virtual schools.In Core markets, the company expects trading conditions to stabilise in the UK, growth in inside services to broadly offset declines in courseware in Australia, and sustained share in Italy following share gains in 2014. Pearson expects the Financial Times to continue to benefit from, and invest in, its digital transition. In Growth markets, the company expects good growth in China in our English Language Learning adult and test preparation businesses and continued stability in courseware; in Brazil, it expects a better year in our sistemas business and good growth in the English Language Learning franchises; and in South Africa Pearson expects modest declines in the school courseware and lower enrollments in higher education.
05:40 EDTPSOPearson backs FY15 adjusted EPS 75p-80p
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05:39 EDTPSOPearson reports interim 2015 adjusted EPS of 4.4p compared to 4.7p last year
Reports interim 2015 sales up 1% at CER to GBP 2.2B, reflecting growth in North America, Brazil and China, and strength in digital and services, including Connections Education and Pearson On Line Services. This was partly offset by a smaller new textbook adoption market in US schools and the phasing of school textbook expenditure and lower college enrolments in South Africa. Reports interim 2015 deferred revenue from continuing operations up 3% at CER to more than GBP 750M as a result of further good progress in our digital and services businesses partly offset by lower deferred revenue in UK testing and in South Africa, due to lower college enrollments.
July 23, 2015
13:53 EDTFB“Fab Five” option implied volatility
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12:59 EDTPSOPearson's FT sale gives way for education deals, Bloomberg says
Pearson's sale of the Financial Times to Nikkei allows it to pursue acquisitions in educational publishing, Bloomberg says, citing an analyst at Panmure Gordon & Co. “Pearson’s direction of travel has been clear,” said media analyst Jonathan Helliwell. “This deal gives them the flexibility to do some education mergers and acquisitions and help toward restructuring costs." Reference Link
11:13 EDTPSONew York Times becomes Bloomberg's best target after FT sold, Re/code says
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10:49 EDTPSOPearson trading resumes, shares up 33c to $19.21
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10:17 EDTPSOPearson: Deal does not include 50% stake in The Economist Group
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10:16 EDTPSOPearson to sell FT Group to Nikkei Inc for GBP844M
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10:15 EDTPSOPearson to sell FT Group to Nikkei Inc for GBP844M
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10:13 EDTPSOPearson trading halted, pending news
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10:11 EDTPSOPearson sells FT to Nikkei for $1.29B, MarketWatch reports
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10:11 EDTPSOAxel Springer says will not acquire Financial Times from Pearson
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09:38 EDTFB, BXActive equity options trading on open
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09:28 EDTPSOPearson in talks to sell FT Group to Axel Springer, FT reports
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09:02 EDTBXUtility One Source announces partnership with TNT Equipment
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07:08 EDTKKRKKR reports Q2 adjusted ENI 88c, consensus 62c
Reports Q2 revenue $255.87M, consensus $253.91M. Book value was $10.9B on a total reportable segment basis, or $12.77 per adjusted unit. Assets under management and fee paying assets under management totaled $101.6B and $83.7B, respectively, as of June 30, 2015. Return on equity and cash return on equity were 16.6% and 17.1%, respectively.
06:38 EDTFBFacebook July weekly volatility increasing into Q2 and outlook
Facebook 7/31/15 weekly call option implied volatility is at 60, August is at 40, September is at 34; compared to its 52-week range of 19 to 48, suggesting large near term price movement into the expected release of Q2 results on July 29.
06:17 EDTPSOPearson says in advanced talks to sell FT Group
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05:56 EDTPSOPearson will sell FT newspaper to digital news company, Reuters reports
Pearson will sell The Financial Times to a digital news company, a source tells Reuters. The source says an announcement is expected to be made "shortly." Reference Link
05:30 EDTKKRKKR, Borealis Maritime JV acquires Hanseatic Ship Asset Management
KKR and Borealis Maritime announced the $254.5M acquisition of Hanseatic Ship Asset Management GmbH, a 100% owned subsidiary of Commerzbank AG controlling a modern fleet of 18 container and dry cargo vessels, through a joint venture vehicle established by the two firms. Embarcadero Maritime III, a joint venture formed by KKR and Borealis Maritime to invest in distressed shipping assets, will acquire HSAM with all its assets. Following this purchase, investment vehicles established by KKR and Borealis will jointly operate a fleet of over 50 vessels in the container, chemical, product and LPG sectors. To date, KKR and Borealis have deployed over $600M into vessel acquisitions and continue to pursue additional transactions opportunistically.
July 22, 2015
23:09 EDTFBFormer MTV executive joins YouTube as VP of originals, Variety says
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15:02 EDTFBOptions Update; July 22, 2015
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13:14 EDTBXBlackstone venture agrees to buy 25 NYC apartment buildings, Bloomberg says
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09:46 EDTFBFacebook Q2 revenues tracking slight above consensus, says ITG Research
ITG Research's data analysis indicates Facebook's Q2 North American revenue is tracking to $1.9B, up from a previous estimate of $1.86B, versus consensus of $1.84B due to increased spending per advertiser. Firm estimates total Q2 revenues are tracking to $4.05B versus consensus of $3.98B.
09:38 EDTFBActive equity options trading on open:
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July 21, 2015
16:01 EDTFBOptions Update; July 21, 2015
iPath S&P 500 VIX Short-Term Futures down 13c to 16.20. Option volume leaders: AAPL BAC FB BAC MSFT NFLX AMD IBM CHK
10:14 EDTKKRHigh option volume stocks:
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09:35 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL FB IBM TSLA BAC PVA NFLX
08:05 EDTFBFacebook added to US 1 List at BofA/Merrill
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07:45 EDTFBSell PayPal amid mounting payments competition, Piper says
Shares of PayPal (PYPL) advanced over 5% yesterday in the stock's first day of trading following a split from eBay (EBAY), with the majority of research firms issuing optimistic notes on its prospects. This morning, however, analyst Gene Munster of Piper Jaffray recommends selling the share as competition grows in the digital payments space. BEARS: Munster started shares of PayPal with an Underweight rating, the firm's equivalent of a "Sell," saying increased competition could pressure the stock's multiple over the next 6-24 months. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in his research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal. Of note, Evercore ISI also started coverage of PayPal shares yesterday with a Sell rating. BULLS: Wells Fargo initiated coverage of PayPal yesterday with an Outperform rating, saying the company's unique assets will enable it to maintain its leadership role in digital payments and benefit from the growth of e-commerce. Also upbeat was Robert W. Baird analyst Colin Sebastian, who contends that PayPal has the top pure play online payment system and is continuing to grow its share of the Internet payment market. PayPal should be able to innovate more effectively after its spin-off, added the analyst, who set a $45 price target on the shares. PRICE ACTION: Shares of PayPal are pointing toward further gains in their second day of standalone trading, with the stock up about 2.7% to $41.55 in pre-market trading.
06:58 EDTFBFacebook added to US 1 List at BofA/Merrill
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06:19 EDTFBSilicon Valley giants side with Samsung in battle with Apple, InsideSources says
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05:49 EDTKKRKKR files paperwork for an IPO of First Data, Financial Times reports
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05:37 EDTKKRKKR acquires 80% stake in Gestamp Solar
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05:34 EDTFBPayPal initiated with an Underweight at Piper Jaffray
Piper Jaffray analyst Gene Munster started shares of PayPal (PYPL) with an Underweight rating saying increased competition could pressure the stock's multiple over the next 6-24 months. Underweight is Piper's equivalent of a sell rating. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in a research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal, which began trading yesterday following a spinoff from parent company eBay (EBAY). Shares of the online payment system closed Monday up $2.08 to $40.47.
July 20, 2015
16:01 EDTFBOptions Update; July 20, 2015
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14:41 EDTBXThoma Bravo, Blackstone competing for NCR with final bids due, dealReporter says
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12:40 EDTFBEarnings Watch: IBM up 4% since last quarterly report
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12:35 EDTFBFacebook July weekly volatility increasing into Q2 and outlook
Facebook 7/31/15 weekly call option implied volatility is at 53, August is at 38, September is at 33; compared to its 52-week range of 19 to 48, suggesting large near term price movement into the expected release of Q2 results on July 29.
11:29 EDTFBFacebook breakout accelerates, levels to watch
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11:21 EDTBXBlackstone, Corsair Capital acquire majority stake in First Eagle
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09:29 EDTPSOPearson receives interest in Financial Times from suitors, Bloomberg reports
Pearson is sounding out potential bidders for the Financial Times after receiving interest in the newspaper, according to Bloomberg, citing people familiar with the matter. There is no formal process under way, but a sale, if pursued, may value the business at as much as $1.6B, added the report, which noted that FT could draw interest from media companies such as Axel Springer. Reference Link
09:21 EDTPSOPearson weighing sale of Financial Times following approaches, Bloomberg says
08:56 EDTFBFacebook price target raised to $117 at BTIG on video opportunity
BTIG analyst Richard Greenfield believes Facebook can exceed consensus estimates, citing higher confidence in the company's video advertising opportunity. Greenfield, who raised his revenue estimates for Facebook in this year and next, also points out Instagram's monetization opportunity and the platform potential of WhatsApp and Messenger. The analyst raised his price target on Facebook to $117 from a "stale" target of $80 that had been set in July of last year and reiterates a Buy rating on the social network's stock, which closed at $94.97 on Friday.
06:15 EDTKKRKKR buys majority stake in Deutsche Glasfaser
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