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Stock Market & Financial Investment News

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March 25, 2014
09:07 EDTGIII, SOL, HALO, VTNR, HIMX, LUX, EXEL, ARIA, RAX, AI, SONC, GOOGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Sonic (SONC), up 6.8%... Vertex Energy (VTNR), up 13%. ALSO HIGHER: Rackspace (RAX), up 5% following upgrade at Morgan Stanley... ReneSola (SOL), up 3.4% after upgraded at Roth Capital... Luxottica (LUX), up 3.7% after WSJ says the company is collaborating with Google (GOOG) on new versions of Google Glass... ARIAD (ARIA), up 4% following upgrade to Buy at H.C. Wainwright... Exelixis (EXEL), up 7% after COMETRIQ approved by European Commission... Halozyme (HALO), up 5% after meeting primary endpoint of HTI-501 clinical trial. DOWN AFTER EARNINGS: G-III Apparel (GIII), down 8.4%. ALSO LOWER: Arlington Asset (AI), down 3.7% after filing to sell 2.75M common shares... Himax Technologies (HIMX), down 6% after downgraded at BofA/Merrill.
News For LUX;GOOG;RAX;HIMX;SONC;ARIA;VTNR;AI;EXEL;HALO;SOL;GIII From The Last 14 Days
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March 18, 2015
09:28 EDTSONCSonic March volatility elevated into Q2 and outlook
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08:04 EDTGOOGAmerican Enterprise Institute to hold a discussion
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06:04 EDTGOOGGoogle's initial drone design failed, company working on new drone, WSJ reports
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05:59 EDTGOOGGoogle sees self-driving car on market within five years, Re/code says
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05:55 EDTGOOGApple has small team working on augmented reality, says Piper Jaffray
Piper Jaffray analyst Gene Munster says that following talks with industry contacts, he believes Apple (AAPL) has a small team working and exploring the augmented reality space. Munster believes augmented reality has the potential to "be as profound a technology platform as the smartphone today," but admits broader consumer adoption is likely 10 years away. He views Apple's involvement in the space as an indication the company is preparing for the next evolution of computing. Munster has an Overweight rating on Apple with a $160 price target. He describes augmented reality as the "overlay of digital information on the physical world," with Google (GOOG) Glass given as an example.
05:43 EDTGOOGGoogle introduces new app approval process
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March 17, 2015
14:13 EDTGOOGMorgan Stanley questions GM capital allocation plan
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12:38 EDTHIMXOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, with the Dow falling about 1%. The market opened in negative territory and proceeded to gain additional downside momentum in early trading. Data on housing starts was not good, even accounting for bad weather in many areas of the country, and the prospect of interest rate increases on the horizon may have some fearing that the housing market recovery is in danger of stalling. Adding to the weakness in stocks may have been the further slide in crude oil prices, which pushed benchmark U.S. crude oil below $43 per barrel earlier in the session. ECONOMIC EVENTS: In the U.S., housing starts plunged 17% to an 897K rate in February, widely undershooting expectations for starts to be down 2.4% to a 1.04M rate, but much of the slide was attributed to weather. Building permits rose 3% to a rate of 1.092M, which was better than the expected 0.5% growth to a 1.065M rate. In Europe, Germany's ZEW Center investor confidence index climbed to 54.8 from 53 last month, though that fell short of the 59.4 consensus forecast. In Asia, the Shanghai Composite index rose 1.6% to close at its highest level in over 6 years. COMPANY NEWS: Apple (AAPL) is preparing to launch an online TV service later this year, according to reports from The Wall Street Journal and the Financial Times. After the reports, Piper Jaffray analyst Gene Munster said he believes Apple's online TV service launch would lay the groundwork for an actual television launch sometime in 2016. Munster estimates that at an average selling price of $1,750, a television could add about 7% to Apple's 2017 revenue. MAJOR MOVERS: Among the notable gainers was Black Diamond (BDE), which jumped 30% after the company reported was then expected quarterly results and guidance but also announced it has hired two banks to help it explore its strategic alternatives. Also higher was Esperion (ESPR), which rose 15% after the company's phase 2b study of ETC-1002, a product in development for patients with hypercholesterolemia on stable statin therapy, met its primary endpoints. Among the noteworthy losers was Himax (HIMX), which dropped 9% after BofA Merrill Lynch downgraded the stock two notches to Underperform from Buy. Also lower following its earnings report was magicJack (CALL), which fell 19%. INDEXES: Near midday, the Dow was down 152.00, or 0.85%, to 17,825.42, the Nasdaq was down 8.39, or 0.17%, to 4,921.12, and the S&P 500 was down 11.39, or 0.55%, to 2,069.80.
09:32 EDTHIMXHimax downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill downgraded Himax two notches to Underperform from Buy based on limited visibility, product newsflow from both Google (GOOG) and Microsoft (MSFT), and weakness with Samsung's low-end LCD based smartphone and China share. BofA/Merrill lowered Himax's price target to $7.
09:27 EDTGOOGApple plans to allow trade-ins of Android, BlackBerry devices, Bloomberg says
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09:07 EDTGOOGDISH's Sling TV launches on Xbox One
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09:05 EDTGOOGMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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08:45 EDTHALOHalozyme management to meet with JPMorgan
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07:42 EDTGOOGBoeing may produce satellite for tech giants, Reuters says
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06:50 EDTRAXRackspace volatility at low end of historic range
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06:37 EDTGOOGAfter losing marketshare, Google now asks Firefox users to switch, BI says
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05:57 EDTGOOGChina vendors to ship 50M Androids with fingerprint sensors, DigiTimes reports
China vendors is expected to ship 50M Android (GOOG) smartphones with fingerprint sensors in 2015, reports DigiTimes. According to sources at Taiwan-based IC backend service companies, Android smartphone vendors have adopted sliding-type fingerprint sensors, which are more competitive in pricing compared to press-type sensors used by Apple (AAPL). Reference Link
March 16, 2015
14:43 EDTHIMXAnalyst sees Himax facing headwinds, risks in near-term
The shares of Himax Technologies (HIMX) are falling sharply after research firm Northland Securities warned that the company's March revenues could come in at the lower end of its guidance. Himax develops semiconductors used in thin film transistor-liquid crystal displays and displays using other technologies. WHAT'S NEW: The Chinese sales of smartphones made by a number of Himax's customers, including Samsung, Lenovo (LNVGY), and ZTE, have been weak, Northland analyst Tom Sepenzis wrote in a note to investors today. Additionally, Samsung's new smartphones will probably ship with OLED displays, rather than TFT displays, the analyst stated. These developments create risks for Himax in the March-June time period, according to Sepenzis. Meanwhile, January and February data reported by a number of Taiwanese vendors, including HTC and Taiwan Semiconductor (TSM), do not bode well for Himax, as their sales were down 26.5% in February versus January. Additionally, Sepenzis is now more pessimistic on the near-term outlook for sales of augmented reality headsets, leading him to believe that Himax's revenue from these products will be lower than he previously estimated in the near-term. The analyst kept a $110 price target and Outperform rating on the shares, as he remains upbeat on the company's longer term outlook. PRICE ACTION: In mid-afternoon trading, Himax dropped 51c, or 6.5% to $7.47.
14:13 EDTGOOGApple to offer Android users rebates to switch to iPhones, 9to5Mac says
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11:14 EDTHIMXHimax China sales falling, estimates need to come down, says Northland
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