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Stock Market & Financial Investment News

News Breaks
August 11, 2014
12:25 EDTEPB, KING, KMI, GOGO, KMR, TSLA, INO, KMP, CQBOn The Fly: Midday Wrap
Stocks on Wall Street opened in positive territory and have remained there throughout the morning. There was little in the way of a catalyst, as the economic calendar was empty, though investors may have been encouraged that there was no breakdown in the ceasefire agreement between Israel and Gaza and no big headlines from the Russia/Ukraine border. Additionally, some may have viewed comments from Fed Vice Chair Fischer as dovish and in support of continued easing. ECONOMIC EVENTS: In the U.S., no significant economic data was released. In prepared comments for a conference, Federal Reserve Vice Chairman Stanley Fischer said rebounds across advanced economies have been disappointing, leading the Fed and other observers to lower their long-term expectations for growth potential in the U.S. COMPANY NEWS: Shares of Kinder Morgan (KMI) advanced 10% after announcing it will consolidate its oil-and-gas holdings into one company by acquiring all of the outstanding shares of a number of its subsidiaries, including Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB). In addition to the rise in the shares of the parent, Kinder Morgan Energy shares rose 19%, Kinder Morgan Management gained 25% and El Paso Pipeline moved up 22%. MAJOR MOVERS: Among the notable gainers was salad and banana producer Chiquita Brands (CQB), which jumped 31% to trade above $13 per share after Cutrale Group and the Safra Group proposed to acquire 100% of the company's outstanding stock for $13 in cash each. Also higher was electric car maker Tesla (TSLA), which rose 5% after Deutsche Bank upgraded the stock to Buy from Hold and raised its price target on the shares to $310 from $220. Among the noteworthy losers was social game maker King Digital (KING), which slid 3% after the stock was downgraded at Pacific Crest to Sector Perform from Outperform. Also lower following their earnings reports were Inovio (INO), which fell over 8%, and Gogo (GOGO), which dropped nearly 6%. INDEXES: Near midday, the Dow was up 51.25, or 0.31%, to 16,605.18, the Nasdaq was up 38.19, or 0.87%, to 4,409.08, and the S&P 500 was up 10.12, or 0.52%, to 1,941.71.
News For KMI;CQB;TSLA;KING;KMP;KMR;EPB;INO;GOGO From The Last 14 Days
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February 13, 2015
05:17 EDTKINGStocks with implied volatility above IV index mean; KING ZNGA
Stocks with implied volatility above IV index mean; King Digital (KING) 87, Zynga (ZNGA) 81 according to iVolatility.
February 12, 2015
16:25 EDTKINGKing Digital up 19% following better than expected Q4 results
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16:25 EDTKINGKing Digital begins purchasing shares under $150M stock repurchase program
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16:17 EDTKINGKing Digital announces special dividend of 94c per share
The company's Board of Directors declared a special dividend to shareholders of 94c per share or approximately $300M in aggregate payable to shareholders of record on March 4. The dividend is expected to be paid on March 24.
16:16 EDTKINGKing Digital sees Q1 gross bookings $575M-$600M
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16:15 EDTKINGKing Digital reports Q4 adjusted EPS 57c, consensus 47c
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16:02 EDTTSLAOptions Update; February 12, 2015
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15:41 EDTKINGNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include AIG (AIG), consensus $1.05... Liberty Global (LBTYA), consensus 8c... Kraft (KRFT), consensus 73c... CBS (CBS), consensus 76c... DaVita HealthCare (DVA), consensus 89c... Republic Services (RSG), consensus 48c... Assurant (AIZ), consensus $1.66... Alnylam Pharmaceuticals (ALNY), consensus (60c)... American Equity (AEL), consensus 54c... Boyd Gaming (BYD), consensus (4c)... Regal Entertainment (RGC), consensus 29c... King Digital (KING), consensus 47c... Ironwood Pharmaceuticals (IRWD), consensus (21c)... Groupon (GRPN), consensus 3c... Zynga (ZNGA), consensus 0c... SS&C Technologies (SSNC), consensus 62c... Cognex (CGNX), consensus 26c... Taubman Centers (TCO), consensus 74c... j2 Global (JCOM), consensus 90c.
12:43 EDTTSLAOn The Fly: Midday Wrap
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12:32 EDTTSLATesla earnings miss, spending plans spark comments from bears and bulls
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12:08 EDTTSLAStocks with call strike movement; TSLA MU
Tesla (TSLA) June 240 call option implied volatility decreased 6% to 41, Micron (MU) July 35 call option implied volatility decreased 2% to 39 according to IVolatility.
10:00 EDTTSLAOn The Fly: Analyst Downgrade Summary
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09:51 EDTTSLAMorgan Stanley says Tesla prepping to be much larger than firm expected
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09:22 EDTTSLAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Tripadvisor (TRIP), up 13.5%... Cisco Systems (CSCO), up 7.2%... FireEye (FEYE), up 7.7%... GNC (GNC), up 4.8%... NVIDIA (NVDA), up 5.5%... Whole Foods (WFM), up 2.5%. ALSO HIGHER: Orbitz Worldwide (OWW), up 21.6% after agreeing to be acquired by Expedia (EXPE). Expedia is up 11%... Ballard Power (BLDP), up 8.1% after being upgraded to Buy from Hold at Lake Street... Verastem (VSTM), up 4.7% after receiving orphan drug designation from FDA VS-5584 in mesothelioma. DOWN AFTER EARNINGS: Zulily (ZU), down 25.4%... Cabelas (CAB), down 9%... Cheesecake Factory (CAKE), down 5.9%.... Baidu (BIDU), down 4.8%... NetApp (NTAP), down 6.5%... Avon Products (AVP), down 3.6%... Tesla (TSLA), down 8.9%... Kellogg (K), down 5.1%... Amber Road (AMBR), down 16%. ALSO LOWER: Achillion Pharmaceuticals (ACHN), down 4.5% after 12M share Secondary priced at $10.25.
08:37 EDTTSLARW Baird says Tesla remains a favorite name for 2015
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07:43 EDTTSLATesla price target lowered to $300 from $316 at Pacific Crest
Pacific Crest said its biggest takeaway from Tesla's noisy Q4 report was the company's outlook for the Model S gross margin to exit 2015 at 30%. The firm lowered its price target on the stock to $300 from $316, noting that the Q4 delivery shortfall does raise execution concerns, but keeps its Outperform rating on the stock, as its believes Tesla's growth remains underappreciated and its long-term gross profitability outlook is improving.
07:17 EDTTSLATesla price target lowered to $245 from $310 at Deutsche Bank
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06:58 EDTTSLATesla cut to sell with $175 price target at JPMorgan
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05:57 EDTTSLATesla downgraded to Underweight from Neutral at JPMorgan
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05:22 EDTTSLATesla sees 'significant' positive operating cash flow in FY15
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