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Stock Market & Financial Investment News

News Breaks
August 13, 2014
09:15 EDTFCEL, KING, LIVE, HPJ, RIGL, JKS, DE, M, BABA, MYGN, ARWR, CSIQ, SEAS, YHOO, JDSU, CREEOn The Fly: Pre-market Movers
HIGHER: FuelCell (FCEL), up 4% after upgraded at Cowen... JinkoSolar (JKS), up 3.5% after signing five-year development agreement with Lishui City... Yahoo (YHOO), up 1.3% after disclosing Alibaba (BABA) agreed to sell assets relating to its SME loan business for $518M. UP AFTER EARNINGS: Canadian Solar (CSIQ), up 9%... Highpower International (HPJ), up 8.9%... LiveDeal (LIVE), up 28.6%. DOWN AFTER EARNINGS: Macy's (M), down 5%... SeaWorld (SEAS), down 28%... Myriad Genetics (MYGN), down 9%... Deere (DE), down 0.8%. LOWER: King Digital (KING), down 23.5%, downgraded at several firms including Piper Jaffray, Barclays and JPMorgan following the company's lowered outlook for fiscal 2014 growth rates... Rigel Pharmaceuticals (RIGL), down 10% after R348 did not meet endpoints in Phase 2 study... Cree (CREE), down 10.9%, downgraded at CLSA following the company's Q4 earnings results... Arrowhead Research (ARWR), down 8% after reporting third quarter results and providing an update on Phase 2a study of ARC-520... JDSU (JDSU), down 4.7%, downgraded at B. Riley and Piper Jaffray following its Q4 report and lower than expected Q1 guidance.
News For M;KING;SEAS;DE;FCEL;CSIQ;JKS;CREE;ARWR;RIGL;JDSU;MYGN;HPJ;YHOO;BABA;LIVE From The Last 14 Days
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January 29, 2016
07:58 EDTBABAAlibaba reported good results, says Wells Fargo
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January 28, 2016
19:01 EDTCSIQCanadian Solar receives $70M financing package from IFC
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16:40 EDTYHOOOn The Fly: Top stock stories for Thursday
The Dow began the session with triple digit gains thanks in part to solid earnings reports from some of America's bellwether corporations and oil prices, which approached $34 a barrel. The market was unable to hold its opening gains and eventually crossed into negative territory. Before the losses became too big the averages reversed and moved back across the flat line. With oil holding onto its gains and closing above $33 a barrel, the averages closed in positive territory ahead of the next barrage of earnings reports. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 278,000 last week, versus the expected 281,000 first-time claims. Durable goods orders dropped 5.1% in December, versus expectations for a decrease of 0.7%. The core reading, which removes transportation items, was down 1.2%, versus expectations for a decline of 0.1%. The National Association of Realtors' pending home sales index for December rose 0.1%, versus expectations for it to be up 0.9%. COMPANY NEWS: Shares of Facebook (FB) surged 15.5% to $109.11 after the social media giant's fourth quarter earnings and revenue beat expectations. A number of Wall Street analysts increased their price targets for the stock following the report, including Piper Jaffray's Gene Munster, who hiked his target to a "Street-high" $170 per share. Facebook management made only one mention of macro concerns for the business in 2016, significantly different than Apple's (AAPL) earnings call on Tuesday night, Munster pointed out... Caterpillar (CAT) reported better than expected quarterly earnings, excluding certain items, but its revenue came in below the consensus forecast and the heavy equipment maker warned that it does not anticipate an improvement in the world economy or commodity prices in 2016. The stock, which had declined almost 20% in the last three months prior to this morning's report, rebounded 4.7% to $61.08 after the company jumped over the lowered bar that had been set by bearish analysts... Under Armour (UA), which had similarly been the focus of concern recently for some bearish analysts, posted better than expected results on the top and bottom line and backed its fiscal year revenue forecast, proving its doubters wrong and sending its share rocketing up 22.5% to $84.00. MAJOR MOVERS: Among the notable gainers were Intrexon (XON), Inovio (INO) and Cerus (CERS), which gained a respective 10%, 7.6% and 1.4% as the ongoing Zika virus scare brought attention to the companies' efforts fighting the illness. Also higher were SolarCity (SCTY), Sunrun (RUN) and Vivint Solar (VSLR), with the solar stocks jumping 8.5%, 20.5% and 3.6%, respectively, after the California Public Utilities Commission approved new net-metering rules. Meanwhile, Eagle Pharmaceuticals (EGRX) rose 12.2% to $74.44 after announcing commercial availability of its Bendeka injection in partnership with Teva (TEVA). Among the noteworthy losers was Yahoo (YHOO), which lost 3.2% to $28.75 despite a pre-market spike after SpringOwl Asset Management urged the company to seek an investment from a strategic partner. The news was also followed by reports that CEO Marissa Mayer has started restructuring efforts with an "invest/maintain/kill" list, as well as news that Verizon (VZ) denied a report that it had bid for the company's core Internet business. Also lower were OSI Systems (OSIS), Qualcomm (QCOM) and eBay (EBAY), which fell a respective 31.8%, 8.3% and 12.5% following their quarterly earnings reports. INDEXES: The Dow rose 125.18, or 0.79%, to 16,069.64, the Nasdaq gained 38.51, or 0.86%, to 4,506.68, and the S&P 500 advanced 10.41, or 0.55%, to 1,893.36.
16:00 EDTBABAOptions Update; January 28, 2016
iPath S&P 500 VIX Short-Term Futures down 84c to 25.21 Option volume leaders: FB AAPL MSFT AMZN NFLX BAC BABA QCOM AAL MU C RIG
13:02 EDTBABAAlibaba results reinforce positive view, says Baird
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11:31 EDTBABAAlibaba price target raised to $102 from $99 at Deutsche Bank
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11:30 EDTYHOOYahoo pares down Latin American operations, TechCrunch says
Yahoo is paring down its regional operations in Latin America and has closed its offices in Mexico City and Buenos Aires, Argentina, says Tech Crunch. The company is maintaining operations in Sao Paulo, Brazil and Coral Gables, Florida. added TechCrunch. Reference Link
09:38 EDTBABAActive equity options trading on open
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09:19 EDTBABAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Facebook (FB), up 13.9%... Under Armour (UA), up 14.6%... MicroStrategy (MSTR), up 8.9%... Harley-Davidson (HOG), up 8%... Paypal (PYPL), up 6%... Mellanox (MLNX), up 7.9%... Cirrus Logic (CRUS), up 6.2%... Alibaba (BABA), up 4.5%. ALSO HIGHER: Neos Therapeutics (NEOS), up 61.4% after the FDA approved Adzenys XR-ODT for the treatment of ADHD... Exelixis (EXEL), up 4.7% after the U.S. FDA determined the company's New Drug Application for cabozantinib is sufficiently complete... Kinder Morgan (KMI), up 6.7% after being upgraded at Credit Suisse and Stifel. DOWN AFTER EARNINGS: OSI Systems (OSIS), down 21.3%... ServiceNow (NOW), down 22.3%... eBay (EBAY), down 11.5%... InvenSense (INVN), down 10.5%... Juniper Networks (JNPR), down 9.3%... Hologic (HOLX), down 4.4%... Abbott Laboratories (ABT), down 3.6%... Potash (POT), down 2.1%... Qualcomm (QCOM), down 3.6%.
08:33 EDTYHOOOptions expected to be active
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08:15 EDTBABAAlibaba's Tsai says he, Ma have no intention to sell shares
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07:40 EDTRIGLRigel Pharmaceuticals completes enrollment of Phase 3 study of Fostamatinib
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07:03 EDTBABAAlibaba says fundamental strength brings confidence
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07:01 EDTBABAAlibaba jumps 6% to $73.75 following Q3 earnings beat
07:00 EDTBABAAlibaba reports Q3 adjusted EPS 6.43 yuan, consensus 5.81 yuan
Reports Q3 revenue 34.5B yuan, consensus 33.2B yuan. Annual active buyers on the company's China retail marketplaces increased to 407M, an increase of 21M from the prior quarter, while mobile MAUs in December reached 393M, an increase of 47M over the prior quarter. GMV transacted on its China retail marketplaces was $149B, an increase of 23% year-over-year.
06:56 EDTYHOOVerizon denies report of bidding on Yahoo core business, CTFN says
Verizon (VZ) spokesperson for Bob Varettoni said the New York Post "was wrong" in reporting on January 23 that the telecom company made an offer to acquire Yahoo's (YHOO) Internet search business, reported CTFN. Varettoni told the publication: "The rumor's false...We've made no offer to acquire Yahoo." Reference Link
06:30 EDTYHOOYahoo starts restructuring with 'invest/maintain/kill' list, Re/code reports
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06:17 EDTBABAAlibaba could sell Meituan-Dianping stake for about $900M, WSJ reports
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06:17 EDTYHOOYahoo starts restructuring with 'invest/maintain/kill' list, Re/code reports
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05:44 EDTBABA, YHOOSpringOwl calls for Yahoo, Viacom to seek partners, Reuters reports
SpringOwl Asset Management, which holds undisclosed stakes in Yahoo (YHOO) and Viacom (VIA), is urging the boards of both companies to seek investments from strategic partner, Reuters reports, citing an article that is set to be published today. SpringOwl managing director Eric Jackson says that "Although some shareholders of both Yahoo and Viacom think that a simple sale or break-up of both companies is the best way to create value for shareholders, we believe that both companies could benefit from their own version of the 'Buffett Convert,'" and that while stakes of investors would be diluted if an outside investor steps in, but "they would still be better off because their shares would likely get re-rated upwards substantially with this new partner sitting around the board table." Jackson believes Yahoo should seek outside investment from Liberty Media (LMCA), Verizon (VZ) or AT&T (T), while Viacom would benefit from Alibaba (BABA), Amazon (AMZN) or AMC Entertainment (AMC). Reference Link
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