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Stock Market & Financial Investment News

News For KORS;NTWK;FOSL;AVP;BCS;ZIOP;VAL;LVLT;BYD;FB;QCOM From The Last 14 Days
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May 29, 2015
16:44 EDTKORSStocks end week lower as GDP revision closes May on down note
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16:07 EDTQCOMQualcomm's Snapdragon 810 processor to power Google's Project Tango platform
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16:00 EDTFBOptions Update; May 29, 2015
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15:16 EDTKORSMichael Kors initiated with a Buy at Standpoint Research
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12:39 EDTZIOPFly Watch: Several names that may move following ASCO meeting
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10:27 EDTKORSOptions with decreasing implied volatility
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10:07 EDTQCOMBroadcom calls active on speculation of a competing bid
Broadcom (BRCM) June 55 and 56 calls are active on total call volume of 13K contracts (3K puts) on speculation of a competing bid by Qualcomm (QCOM). June weekly call option implied volatility is at 22, June is at 25, July is at 21; compared to its 52-week range of 18 to 62. Active call volume suggests traders taking positions for price movement after announcing it will be acquired by Avago Technologies (AVGO) for cash and stock in a deal valued at $37B or roughly $58 per share.
09:41 EDTBYDBoyd Gaming management to meet with Deutsche Bank
Meeting to be held in Boston on May 29 hosted by Deutsche Bank.
09:35 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL INTC VLO FB HFC AMZN FB BRCM FCX
09:31 EDTBYDNevada reports April Statewide gaming win up 5.4% to $897.93M
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07:15 EDTQCOMBroadcom-Avago deal may not be tech's largest for long, Bloomberg says
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06:16 EDTFBFacebook implied volatility of 20 at lower end of index mean range
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06:15 EDTKORSStocks with implied volatility below IV index mean; TWTR LNKD
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May 28, 2015
16:03 EDTKORS, FBOptions Update; May 28, 2015
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12:31 EDTFBStocks with call strike movement; PBR FB
Petrobras (PBR) October 10 call option implied volatility increased 2% to 52, Facebook (FB) September 90 call option implied volatility increased 2% to 26 according to IVolatility.
10:55 EDTFBGoPro rises after confirming plans to enter drone, VR markets
Shares of GoPro (GPRO) are rising after the action camera maker confirmed it is developing a camera array for virtual reality filming and is also making its own drone for consumers. WHAT'S NEW: GoPro is developing a product that can create video which can be viewed on virtual reality headsets, GoPro CEO Nick Woodman said at the Code Conference, according to Re/code. Called a Six-Camera Spherical Array, the device uses six of GoPro's Hero4 cameras and a product from Kolor, a virtual reality software company GoPro acquired in April. GoPro is also building its own drone geared to consumers, Woodman said, according to Re/code. However, the company will continue to provide cameras to other drone makers, the website noted. ANALYST REACTION: In a note to investors earlier today, Piper Jaffray analyst Erinn Murphy said that GoPro's virtual reality product should be available in the second half of this year and cost $500-$1,500. The drone is expected to be available in the first half of next year and is likely to be sold for $500-$2,500, the analyst stated. GoPro's expansion into the drone and virtual reality markets could undermine bears' contention that GoPro's total available market is low, according to Murphy. Drones and virtual reality should have total available markets of over $5B by 2020 and over $65B by 2025, respectively, estimated the analyst, who kept a $68 price target and Overweight rating on GoPro. Meanwhile, Stifel analyst Jim Duffy wrote that the virtual reality product will have only a minimal impact on GoPro's results in 2015 and 2016. However, the drone offering could increase its 2016 earnings per share by 20c-30c if it is launched in the beginning of the year, according to Duffy, who kept a Hold rating on the stock. WHAT'S NOTABLE: In a note to investors yesterday, well-known Piper Jaffray analyst Gene Munster called virtual reality and augmented reality "the next mega tech themes through 2030." Users will be able to enjoy gaming, live sports, concerts, "immersive cinema," and social experiences using virtual reality, he predicted. Facebook (FB), Google (GOOG,GOOGL) and Apple (AAPL) are likely to benefit from this trend, Munster believes. PRICE ACTION: In mid-morning trading, GoPro climbed nearly 8% to $57.43.
10:03 EDTLVLTOn The Fly: Analyst Initiation Summary
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10:02 EDTKORSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BT Group (BT) downgraded to Underperform from Strong Buy at Raymond James... Banc of California (BANC) downgraded to Neutral from Buy at DA Davidson... Bon-Ton Stores (BONT) downgraded to Underperform from In-Line at Imperial Capital... Broadcom (BRCM) downgraded to Outperform, would not rule out another bid, says CLSA... DSW (DSW) downgraded to Neutral from Buy at Goldman... First Potomac (FPO) downgraded on DC office market fundamentals at BMO Capital... Ignite Restaurant (IRG) downgraded to Neutral from Buy at UBS... Magnum Hunter (MHR) downgraded to Hold from Buy at Canaccord... Michael Kors (KORS) downgraded to Equal Weight from Overweight at Stephens... Santander Brasil (BSBR) downgraded to Underweight from Equal Weight at Barclays... Semtech (SMTC) downgraded to Sell from Neutral at B. Riley... The Fresh Market (TFM) downgraded to Neutral from Overweight at JPMorgan... Vail Resorts (MTN) downgraded to Neutral ahead of Q3 earnings at MKM Partners.
10:02 EDTVALOn The Fly: Analyst Upgrade Summary
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10:02 EDTFBSandvine: Netflix accounts for 36.5% of peak Internet traffic, Variety reports
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09:34 EDTFBActive equity options trading on open
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09:19 EDTVALValspar upgraded to Buy from Hold at Gabelli
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09:16 EDTQCOM, QCOMQualcomm's chipset headwinds could force it to consider M&A, says CLSA
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09:08 EDTVALValspar upgraded to Buy from Hold at Gabelli
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08:06 EDTFBFacebook bringing Internet.org service to Pakistan with Telenor
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07:58 EDTKORSMichael Kors investors must remain patient, says Baird
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07:40 EDTKORSMichael Kors price target lowered to $60 from $85 at Deutsche Bank
Deutsche Bank lowered its price target for Michael Kors to $60 following the company's Q4 results but keeps a Buy rating on the name. Deutsche views the FY16 comp outlook as achievable and says expectations are low.
07:11 EDTKORSMichael Kors downgraded to Equal Weight from Overweight at Stephens
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06:14 EDTKORSMichael Kors downgraded to Market Perform from Outperform at Telsey Advisory
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06:07 EDTFBFacebook implied volatility of 20 at lower end of index mean range
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06:06 EDTLVLTLevel 3 initiated with a Buy at Goldman
05:55 EDTQCOMStocks with implied volatility movement; AVGO QCOM
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05:41 EDTKORSMichael Kors downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Michael Kors to Neutral citing a lack of visibility into comp stabilization following the company's Q4 results and Q1 guidance. Goldman says Kors' U.S. comp trends are "far weaker" than it expected. It cut its price target for shares to $50 from $93.
May 27, 2015
16:23 EDTKORSOn The Fly: Top stock stories for Wednesday
Stocks on Wall Street began the session in positive territory and never looked back. The market gained upside momentum during the first hour of trading, then found a level where it moved in a very narrow range throughout the day. The averages, led by the Nasdaq, recaptured a major part of yesterday’s losses with today's advance. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Shares of Broadcom (BRCM) spiked after The Wall Street Journal reported that the company is in advanced talks to be acquired by Avago Technologies (AVGO). Piper Jaffray analyst Ruben Roy said that if average takeout multiples in the semiconductor space over the past several years are used as a guide, Broadcom could be valued near $58 per share in a takeover. Meanwhile, Pacific Crest speculated that Avago could pay $63-$65 per share for Broadcom and the deal would still be accretive. Later in afternoon, a report from Bloomberg claimed a stock and cash deal for Avago to acquire Broadcom could be announced as soon as tomorrow. Broadcom shares finished up $10.05, or 21.42%, to $56.97, while Avago ended with gains of $11.32, or 8.62%, to close the session at $142.62. MAJOR MOVERS: Among the notable gainers was Tiffany & Co. (TIF), which advanced $9.01, or 10.53%, to $94.54 after its earnings beat expectations and the company backed its forecast for fiscal year 2015. Also higher was Five Prime Therapeutics (FPRX), which rallied $2.89, or 14.69%, to $22.56 after it made a deal to develop CAR-T cancer therapies in partnership with bluebird bio (BLUE). Among the noteworthy losers was Michael Kors (KORS), which sank $14.66, or 24.2%, to $45.93 and was downgraded at BofA Merrill Lynch and JPMorgan after the company provided a weaker than expected outlook for the first quarter and fiscal year 2016. Also lower were shares of Workday (WDAY), which dropped $10.49, or 11.34%, to $82.00 after the company reported results and gave guidance with less upside than investors have come to expect. INDEXES: The Dow rose 121.45, or 0.67%, to 18,162.99, the Nasdaq gained 73.84, or 1.47%, to 5,106.59, and the S&P 500 advanced 19.28, or 0.92%, to 2,123.48.
16:03 EDTKORS, FBOptions Update; May 27, 2015
iPath S&P 500 VIX Short-Term Futures down 82c to 18.56 Option volume leaders: AAPL KORS BRCM MCD FB MNKD AAL YHOO BAC MU ANF S EOX
12:36 EDTFOSL, KORSOn The Fly: Top stock stories at midday
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12:24 EDTKORSMichael Kors downgraded at BofA/Merrill on growth slowdown concerns
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12:12 EDTKORSMichael Kors downgraded to Neutral from Buy at BofA/Merrill
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11:54 EDTFOSL, KORSFossil down over 7% after Michael Kors Q4 results, guidance
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11:49 EDTKORSMichael Kors risk/reward favorable, says Jefferies
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11:33 EDTKORSStocks with call strike movement; KORS DAL
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10:58 EDTKORSMichael Kors shares defended at Deutsche Bank
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10:38 EDTFBFacebook testing Yelp-like feature for restaurant pages, ClickZ reports
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10:36 EDTFOSLOptions with increasing implied volatility
Options with increasing implied volatility: QUNR DGX FOSL BBBY ACN NKE EFA EMR
10:34 EDTKORSMichael Kors sinks, Tiffany soars following earnings reports
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10:32 EDTFBTwitter beats LinkedIn as top social media site for salespeople, Forbes reports
In a survey conducted by Forbes with a client, Twitter (TWTR) beat LinkedIn (LNKD) to become the top social media network for salespeople. When it came to sales prospecting, Twitter was "slightly more valuable" than LinkedIn, according to the survey, though both sites beat out Facebook (FB) and Google (GOOG). Reference Link
10:07 EDTKORSJPMorgan downgrades Michael Kors, says 'bad news' worse than expected
JPMorgan noted that Michael Kors' Q4 earnings report represented the first time its earnings missed expectations since the company came public and that while bad news was expected by the firm, the magnitude was "materially worse" than forecast. With the handbag and watch categories in transition, JPMorgan views Kors' top and bottom-line growth both being more in question. The firm downgraded the stock to Neutral from Overweight and lowered its price target on the stock to $60 from $70.
10:06 EDTKORSHigh option volume stocks
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09:57 EDTKORSMichael Kors downgraded to Neutral from Overweight at JPMorgan
09:53 EDTKORSMichael Kors fears likely overdone, says Cowen
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09:38 EDTFB, KORSActive equity options trading on open
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09:33 EDTKORSMichael Kors breaks to fresh multi-year low post-earnings
The shares are down over 17% to $49.99 at time of writing, setting a new multi-year low. Current support is at $49.50, the session low, and then at $48.31. Resistance is at $51.70.
09:17 EDTFBFacebook's Oculus acquires Surreal Vision, terms not disclosed
Facebook-owned Oculus announced in a blog post yesterday the acquisition of Surreal Vision. Oculus explains, "Surreal Vision is one of the top computer vision teams in the world focused on real-time 3D scene reconstruction – generating an accurate representation of the real world in the virtual world. Great scene reconstruction will enable a new level of presence and telepresence, allowing you to move around the real world and interact with real-world objects from within VR." Reference Link
09:07 EDTKORSOn The Fly: Pre-market Movers
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09:00 EDTKORSMichael Kors says not looking at capital restructuring
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08:44 EDTKORSMichael Kors sees revenue growth accelerating in 2H
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08:39 EDTFBSony purchases Optical Archive, WSJ reports
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08:37 EDTKORSMichael Kors sees using cash to repurchase shares
Says confident in long-term growth, free cash flow outlook. Says board has authorized additional $500M repurchase of shares at board meeting on May 20, extended program through May 2017. This increases the initial repurchase authorization to $1.5B.
08:22 EDTKORSMichael Kors sees forex rates as headwind this year
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07:32 EDTVALValspar reports Q2 adjusted EPS $1.07, consensus $1.10
Reports Q2 revenue $1.08B, consensus $1.11B. Net sales in local currency decreased 2 percent. Total volumes decreased 3 percent, driven by the expected decline in the Paints segment.
07:31 EDTVALValspar reaffirms FY15 adjusted EPS view $4.45-$4.65, consensus $4.60
Based on the company’s updated estimate of foreign currency translation for the year, the company is updating its fiscal 2015 annual sales guidance to reflect a sales decline in the “low single-digits” from fiscal 2014, compared to the previous guidance of “approximately flat sales”. Excluding the expected impact of currency translation, fiscal 2015 annual sales are expected to increase “low single-digits”.
07:05 EDTVALValspar to acquire performance coatings businesses of Quest Specialty Chemicals
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07:03 EDTKORSMichael Kors sees FY16 EPS $4.40-$4.50, consensus $4.70
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07:02 EDTKORSMichael Kors sees Q1 EPS 74c-78c, consensus $1.03
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07:01 EDTKORSMichael Kors reports Q4 EPS 90c, consensus 91c
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06:13 EDTFB, QCOMTech companies look for ways to fend off activist investors, WSJ reports
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06:01 EDTFBSnapchat CEO says company 'needs to IPO," Business Insider reports
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05:58 EDTKORSStocks with implied volatility above IV index mean; KORS ZNGA
Stocks with implied volatility above IV index mean; Michael Kors (KORS), Zynga (ZNGA) 57 according to iVolatility.
May 26, 2015
18:32 EDTFBFacebook India offers content creators exclusivity deals, Economic Times says
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16:01 EDTFB, KORSOptions Update; May 26, 2015
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15:56 EDTKORSMichael Kors May 60.5 weekly straddle priced for 9.3% movement into Q4
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15:00 EDTKORS, VALNotable companies reporting before tomorrow's open
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13:46 EDTKORSMichael Kors technical comments ahead of earnings
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12:31 EDTKORSMichael Kors May weekly volatility increasing into Q4 and outlook
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11:30 EDTKORSEarnings Watch: Analysts cautious on Michael Kors ahead of Q4 report
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07:23 EDTKORSMichael Kors target lowered, cautious stance remains, says Canaccord
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07:19 EDTFBFacebook being scrutinized on several fronts in Europe, NY Times reports
In recent months, several different European regulators have been examining facets of Facebook's (FB) operations and it remains to be seen whether the social network operator has learned from the past mistakes of companies such as Intel (INTC), Microsoft (MSFT) and Google (GOOG) in terms of navigating Europe’s legal system, said The New York Times. The European Union is looking into whether Facebook unfairly favors its own services, the region’s top court will issue a preliminary decision next month on whether Facebook can continue transferring user data between Europe and the U.S. and a number of EU data protection watchdogs are questioning Facebook’s privacy settings, the report noted. Reference Link
May 25, 2015
12:37 EDTQCOMQualcomm, Daimler announce strategic collaboration on connected car technology
Daimler AG (DDAIF) and Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), announced a strategic collaboration focused on vehicle innovation. In the first phase of the collaboration, the companies will focus on developing vehicles with mobile technologies such as 3G/4G connectivity, wireless charging technology, and implementation of the Qualcomm "Halo" wireless electric vehicle charging technology. In addition, the companies are jointly assessing the application of Qualcomm's newly developed "Automotive Solutions." Qualcomm Technologies is collaborating with Daimler on its wireless power transfer 2.0 program for electric vehicles. The Qualcomm Halo technology could allow Daimler customers to charge their electric vehicles and plug-in hybrid EVs without having to plug them in. In addition, Qualcomm WiPower technology enables consumer electronics to charge wirelessly in-vehicle.
May 22, 2015
16:00 EDTFBOptions Update; May 22, 2015
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10:33 EDTFBFacebook management to meet with Oppenheimer
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09:34 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL BABA AMZN FB MU BIDU SDRL BAC INTC EXPE CHK FEYE
08:02 EDTKORSMichael Kors says breaking ground on European distribution center soon
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07:21 EDTKORSMichael Kors May weekly volatility elevated into Q4 and outlook
Michael Kors May weekly call option implied volatility is at 66, June is at 43, August is at 34, November is at 31; compared to its 90-day average of 33, suggesting large May price movement into the expected release of Q4 results on May 27.
May 21, 2015
19:44 EDTFBGoogle advertising head remarks that larger phones may help mobile ads, WSJ says
In a Wall Street Journal interview at the San Francisco ad:tech conference, Google (GOOG) advertising chief Sridhar Ramaswamy commented on the conversation rate from mobile ad viewership to actual mobile sales, stating, "As phones get bigger the [screen] space issue becomes less challenging... [My six-inch phone] is essentially a tablet. People’s ability to navigate sites and fill out forms and such goes up tremendously." Ramaswamy also offered commentary on Facebook's (FB) advertising metrics, asking, "How many of Facebook’s video views are engaged views?" The Journal notes that Google's YouTube waits 30 seconds to register a video view, while Facebook counts a view "more quickly." Reference Link
16:00 EDTFBOptions Update; May 21, 2015
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10:12 EDTAVPOptions with decreasing implied volatility
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09:36 EDTFBActive equity options trading on open
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09:02 EDTLVLTComcast, Level 3 announce long-term interconnection agreement
Comcast (CMCSA) and Level 3 Communications (LVLT) announced they have reached a new multi-year, bilateral interconnection agreement as part of a multifaceted arrangement that will help both companies meet their customers’ needs into the next decade and beyond. "The new arrangement builds on the strong working relationship between Comcast and Level 3, and expands on the agreements already in place," said the two companies.
08:48 EDTAVPAvon Products management to meet with Deutsche Bank
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08:02 EDTFBDuPont Fabros expands relationship with Facebook at ACC7 data center
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07:32 EDTQCOMQualcomm initiates $5B accelerated share repurchase
Qualcomm announced that it has entered into accelerated share repurchase agreements with two financial institutions to repurchase an aggregate of $5B of Qualcomm's common stock, with an initial delivery of approximately 57.7M shares. The final number of shares to be repurchased will be based on the volume-weighted average stock price of Qualcomm's common stock during the term of the transaction, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR Agreements. The company is funding the accelerated share repurchase with proceeds from its recently completed $10B debt offering.
May 20, 2015
16:26 EDTBCSOn The Fly: Top stock stories for Wednesday
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16:00 EDTFBOptions Update; May 20, 2015
iPath S&P 500 VIX Short-Term Futures up 3c to 19.19. Option volume leaders: AAPL AAL YHOO DAL FB BABA UAL BAC TWTR LUV C TSLA GE MU
14:04 EDTFBFacebook acquires web publisher tool maker Tugboat Yards
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12:33 EDTBCSOn The Fly: Top stock stories at midday
Stocks began the session relatively unchanged from yesterday’s close and continue to trade in a holding pattern as investors await the release of the minutes from the Federal Reserve's last FOMC meeting. ECONOMIC EVENTS: In the U.S., EIA inventory data showed a 2.67M barrel fall in crude stocks, versus expectations for a 1.75M barrel decrease. The Federal Reserve is scheduled to release the minutes from its last rate setting meeting at 2 pm EDT. In Asia, Japan's GDP accelerated to a 2.4% growth pace in the first quarter, which was much better than expected. Japanese stock markets rallied on the news, sending the Nikkei 225 average to its best level in 15 years. COMPANY NEWS: Five of the world's largest banks - Citi (C), JPMorgan Chase (JPM), Barclays (BCS), The Royal Bank of Scotland (RBS) and UBS (UBS) - agreed to pay more than $5B and plead guilty to felony charges related to manipulating foreign currencies and interest rates. In conjunction with previously announced settlements with regulatory agencies in the United States and abroad, today’s resolutions bring the total fines and penalties paid by these five banks for their conduct in the foreign exchange spot market to nearly $9B, the Department of Justice stated... Target (TGT) shares advanced 1% after the retailer's first quarter earnings topped expectations and it raised the low-end of its fiscal year profit forecast. Brian Cornell, chairman and CEO of Target, said the company was pleased with its first quarter traffic and sales, particularly in its signature categories, which drove better-than-expected profitability through improved gross margin and continued expense management. MAJOR MOVERS: Among the notable gainers was Sarepta Therapeutics (SRPT), which rallied 53% after the company announced that, following meetings with the FDA, it would submit its eteplirsen drug to the FDA for approval on a rolling basis, with various components of the application being submitted separately. Eteplirsen is a treatment for Duchenne muscular dystrophy, or DMD. Also higher was Pep Boys (PBY), which gained 14% after The Wall Street Journal said private equity firm Golden Gate Capital and other potential suitors have expressed interest recently in buying the company. Among the noteworthy losers was Etsy (ETSY), which operates an online marketplace to buy and sell handmade items and vintage goods. The stock, which priced its IPO at $16 and opened for trading at $31 per share, dropped 22% to trade near $16.50 after the company issued its first financial report since coming public in April. Also lower were shares of several airline stocks, led by Southwest (LUV), which was down 8% near noon. In a regulatory filing last night, Southwest indicated it expects FY15 capacity growth to increase 7%-8% and to grow another 6%-7% in FY16. Buckingham downgraded Southwest to Neutral from Buy this morning, stating it has a more cautious revenue outlook for the company due to a worsening backdrop as competitors vow to compete aggressively. INDEXES: Near midday, the Dow was down 6.10, or 0.03%, to 18,306.29, the Nasdaq was up 1.65, or 0.03%, to 5,071.69, and the S&P 500 was down 0.49, or 0.02%, to 2,127.34.
10:29 EDTZIOPOptions with decreasing implied volatility
Options with decreasing implied volatility: ZIOP KING ARIA CTRP WTW VHC XON KERX VIPS JCP
10:16 EDTBCSBarclays to pay $115M for attempted manipulation of ISDAFIX swap rates
The CFTC issued an Order today filing and settling charges against Barclays PLC, Barclays Bank PLC, and Barclays Capital. The Order finds that, beginning at least as early as January 2007 and continuing through June 2012, Barclays attempted on many occasions to manipulate and made false reports concerning the U.S. Dollar International Swaps and Derivatives Association Fix, a global benchmark for interest rate products. This is the first enforcement action addressing abuses of this benchmark. The CFTC Order requires Barclays to pay a $115M civil monetary penalty, cease and desist from further violations as charged, and take specified remedial steps, including measures to detect and deter trading intended to manipulate swap rates such as USD ISDAFIX, to ensure the integrity and reliability of the Bank’s benchmark submissions, and to improve related internal controls. Barclays, through its traders, bid, offered, and executed interest rate swap spread transactions in a manner deliberately designed – in timing, price, and other respects – to influence the published USD ISDAFIX to benefit the Bank in its derivatives positions, according to the Order. In addition, Barclays, through its employees making the Bank’s USD ISDAFIX submissions, also attempted to manipulate and made false reports concerning USD ISDAFIX by skewing the Bank’s submissions in order to benefit the Bank at the expense of its derivatives counterparties and customers. The Order recognizes Barclays’ significant cooperation with the CFTC during the investigation of this matter. The Order also notes that the civil monetary penalty imposed on Barclays reflects the Bank’s early resolution of this matter.
10:16 EDTZIOPHigh option volume stocks
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10:15 EDTBCSFive banks agree to parent-level guilty pleas in settlement over forex rigging
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10:15 EDTBCSBarclays to pay $400M penalty to settle CFTC forex charges
The CFTC issued an Order filing and settling charges against Barclays Bank for attempted manipulation, false reporting, and aiding and abetting other banks’ attempts to manipulate, global foreign exchange benchmark rates to benefit the positions of certain traders. This Order requires Barclays to pay a civil monetary penalty of $400M, cease and desist from further violations, and take specified steps to implement and strengthen its internal controls and procedures, including the supervision of its FX traders, to ensure the integrity of its participation in the fixing of foreign exchange benchmark rates and internal and external communications by traders. The Order notes that the $400M civil monetary penalty reflects in part that Barclays did not settle at an earlier stage of the investigation. In addition to the charges related to Barclays’ misconduct in FX benchmark rates, the Commission took enforcement action against Barclays and its affiliates on the same charges relating to abuses of the ISDAFIX benchmark. The Order recognizes the significant cooperation of Barclays during the CFTC’s Division of Enforcement’s investigation of this matter.
10:09 EDTBCSCiti, JPMorgan, RBS, Barclays, UBS agreed to guilty pleas in forex settlement
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10:04 EDTBCSFCA fines Barclays GBP284M for forex failings
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09:36 EDTFBActive equity options trading on open
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08:37 EDTBYDMorgan Stanley to hold a conference
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07:03 EDTLVLTxG Technology receives $100K order in xMax mobile broadband wireless equipment
xG Technology (XGTI) announced that it has received an order for approximately $100,000 in xMax mobile broadband wireless equipment and services which will be deployed in a network to be initially installed in Escazu, Costa Rica, with plans to expand in other Latin American locations. The xMax equipment order was received from Itellum, one of four companies who have entered into a formal agreement to participate in the initial xMax deployment as well as expansion into other Latin American markets thereafter. The other partners include Level 3 (LVLT), Osmin Vargas Corporacion, and MB Technology Holdings. The xMax broadband wireless networking equipment will include compact, high-performance access points, fixed and mobile personal WiFi hotspot devices and mobile control switching centers.
06:46 EDTKORSMichael Kors multiple could 'struggle' to expand, says Piper Jaffray
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06:07 EDTKORSStocks with implied volatility above IV index mean; KORS BBY
Stocks with implied volatility above IV index mean; Michael Kors (KORS) 40, Best Buy (BBY) 37 according to iVolatility.
May 19, 2015
16:01 EDTFBOptions Update; May 19, 2015
iPath S&P 500 VIX Short-Term Futures down 27c to 19.17. Option volume leaders: AAPL BAC WMT MSFT FB TWTR MNKD NFLX T PBR
15:42 EDTBCSBanks' settlement over forex rigging to be announced tomorrow, CNBC says
Several banks are said to plan to plead guilty and pay "billions" in fines in a settlement over their roles in foreign exchange manipulation that is expected to be announced Wednesday, according to CNBC's Kate Kelly. Prior media reports have listed Barclays (BCS), Royal Bank of Scotland (RBS), UBS (UBS), JPMorgan (JPM) and Citigroup (C) as having been in talks with U.K. and U.S. authorities for their roles in foreign currency rigging.
11:59 EDTZIOPOptions with decreasing implied volatilit
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09:37 EDTFBActive equity options trading on open
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06:00 EDTKORSStocks with implied volatility above IV index mean; KORS ALTR
Stocks with implied volatility above IV index mean; Michael Kors (KORS) 38, Altera (ALTR) 72 according to iVolatility.
May 18, 2015
16:00 EDTFBOptions Update; May 18, 2015
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11:16 EDTFBFacebook says move to digital ads from TV and print is 'in early days'
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10:37 EDTZIOPOptions with decreasing implied volatility
Options with decreasing implied volatility: NLNK ARWR CTRP ZIOP CLNE ARIA VHC AOL KING XON PEIX
10:37 EDTFBFacebook ramps up interest in games, The Information reports
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10:10 EDTLVLTHigh option volume stocks
High option volume stocks: ASNA LAZ GTI CBRL ANN ISSI ANET HTS URBN LVLT
09:36 EDTFBActive equity options trading on open
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08:22 EDTFBVerizon deal has multiple positive catalysts, says Wells Fargo
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07:27 EDTFBJPMorgan to hold a conference
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07:12 EDTBCSBarclays expected to face over GBP250M in fines for rigging, Telegraph says
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06:15 EDTBCSCiti divests 16% stake in Grupo Aeromexico, Reuters reports
Citigroup (C) has sold its 16% stake in Grupo Aeromexico, the Mexican airline says, Reuters reports. According to the airline, Barclays Capital (BCS) acquired about 8% of shares through a financial operation with Delta (DAL). Reference Link
May 17, 2015
12:35 EDTLVLTLevel 3 shares may rise 20% to $66 in a year, Barron's says
Shares of Level 3 could see a 20% upside over the next 12 months and may advance towards $98, Barron's contends in a feature article. Barron's notes that the company has valuable, unused fiberoptic assets that should allow for continued growth as demand trends upwards. Reference Link
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