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Stock Market & Financial Investment News

News Breaks
August 13, 2014
09:15 EDTBABA, MYGN, ARWR, CSIQ, SEAS, YHOO, JDSU, CREE, FCEL, KING, LIVE, HPJ, RIGL, JKS, DE, MOn 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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July 20, 2015
13:46 EDTMAmazon seen eclipsing Macy's as top U.S. clothing retailer
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12:20 EDTYHOOYahoo July weekly volatility increases into Q2 and outlook
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09:34 EDTBABAActive equity options trading on open
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08:08 EDTMMacy's price target to $78 on likelihood of a REIT transaction at BofA/Merrill
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07:03 EDTCSIQCanadian Solar completes grid connection of three solar power plants in Japan
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06:59 EDTBABA, YHOOYahoo says taxes could 'materially reduce' Aabaco cash for distributions
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05:17 EDTBABAAlibaba, Unilever sign strategic partnership agreement
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July 19, 2015
18:52 EDTYHOOYahoo experiments with 'texting plus video' messaging app, TechCrunch says
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18:13 EDTMMacy's considered, rejected sale/lease-backs in past, WSJ says
Macy's (M) executives have considered sale/lease-backs "over the years" and have come to negative conclusions, reports the Wall Street Journal, citing people familiar with the company. The report comes in the wake of Starboard Value pressuring Macy's to spin off its real estate, and sources said the activist investor sees several options, including a REIT, a Hudsonís Bayís-style real estate partnership, a sale/lease-back, or borrowing money against the properties. Separately, a source said Target (T) is still reluctant to relinquish control over its real estate. Reference Link
17:47 EDTBABAAAFA calls on Alibaba's Jack Ma to implement anti-counterfeiting measures
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July 17, 2015
17:00 EDTBABA, YHOOYahoo expects Alibaba spin-off completed in Q4
Yahoo (YHOO) announced the initial filing with the SEC in connection with its previously announced plan to spin off the company's remaining holdings in Alibaba Group Holding Limited (BABA) into a newly formed independent, publicly traded, registered investment company. The name selected for the new public company is Aabaco Holdings. Under the spin-off plan, announced on January 27, Yahoo plans to distribute all of the outstanding shares of Aabaco Holdings pro rata to its shareholders. Immediately after the spin-off, Aabaco Holdings will own approximately 384M shares of Alibaba Group, representing an ownership interest of approximately 15% in Alibaba Group, and a 100% ownership interest in a newly formed entity which will own Yahoo Small Business. The initial filing provides important information about the spin-off and Aabaco Holdings. Additional and updated information will be provided in subsequent amendments to the Form N-2. The spin-off is expected to be completed in Q4, subject to final approval by Yahoo's board and the satisfaction or waiver by Yahoo of certain other conditions.
16:41 EDTMStocks end week higher as Google, Greece bring out the buyers
Stocks ended the week higher and the major averages are back at record highs after Iran agreed to a nuclear deal, Greece's parliament paved the way for the country to receive another bailout by agreeing to new austerity measures and Google (GOOG) gave investors hope that earnings from tech's other heavyweights will be similarly better than expected. MACRO NEWS: In the U.S., retail sales unexpectedly fell 0.3% in June, versus the consensus forecast for growth of 0.3%. The producer prices index showed prices rose 0.4% in June, versus expectations for an increase of 0.2%. The consumer price index rose a seasonally adjusted 0.3% in June from a month earlier, matching the consensus forecast. Compared with last year, consumer prices rose 0.1%, marking the first annual increase since December. Housing starts rose 9.8% to a 1.17M rate in June and building permits rose 7.4% to a 1.34M pace, both of which topped expectations. The NAHB homebuilder sentiment index for July came in at 60, a point better than forecast. The University of Michigan's consumer sentiment reading dropped to 93.3 in the preliminary July figure, which was below the 96.0 reading that was expected. During testimony before Congress, Federal Reserve Chair Janet Yellen stayed on message, stating that the central bank is on track to raise record-low interest rates this year, so long as the labor market and the economy keep improving... In China, exports rose 2.1% from a year earlier during June and imports dropped 6.7%, leaving a trade surplus of $45.8B for the month, the nation's customs administration reported. The nation's GDP was reported to have grown 7% in the second quarter from a year earlier, beating the consensus expectation for growth of 6.8%... In Europe, Greek lawmakers passed the country's austerity agreement and Euro-area finance ministers reportedly agreed in principle to extend a bridge loan to Greece. The loan should help keep Greece afloat while its Prime Minister negotiates the details of the country's latest bailout... Iran reached a deal on restrictions and inspections intended to prevent it from developing nuclear weapons in exchange for the lifting of economic sanctions by six world powers. The agreement still faces a political fight in the U.S. before taking effect, but President Barack Obama has vowed to veto any congressional effort to block its implementation. COMPANY NEWS: Class A shares of Google (GOOG, GOOGL) surged at the end of the week after the search giant reported better than expected revenues and earnings in the second quarter. Research firms all over Wall Street raised their price targets on the stock in the wake of the report... Netflix (NFLX) rallied to a split-adjusted all-time high after the streaming service operator reported stronger than expected second quarter results, including higher than expected Q2 subscriber metrics, prompting a large number of research firms to raise their price targets on the stock... Many of the nation's largest banks reported on their results in the second quarter this week. JPMorgan (JPM), Bank of America (BAC) and Citigroup (C) all posted quarterly profits, excluding certain items, that beat the average estimates of analysts. Wells Fargo (WFC) reported earnings in-line with consensus estimates and revenue somewhat below expectations, while Goldman Sachs (GS) reported headline earnings that appeared to fall far short of the consensus forecast. However, that was due to Goldman's nearly $1.5B in provisions for litigation and regulatory matters. Excluding those provisions, the bank's earnings were ahead of consensus... On the M&A front, Receptos (RCPT) advanced after Celgene (CELG) announced a deal to buy the smaller drugmaker for $232 per share in cash, or a total of about $7.2B net of cash acquired. A number of research firms applauded the deal, especially noting the price Celgene agreed to pay, but cautioned that a rival bidder may still emerge for Receptos. Marathon Petroleum (MPC) gained after MPLX (MPLX), the company's fee-based master limited partnership, agreed to acquire MarkWest Energy (MWE) in a cash and stock deal that implies a total enterprise value for MarkWest of approximately $20B, including the assumption of debt of approximately $4.2B. Micron (MU) rose after The Wall Street Journal reported that China's state-owned Tsinghua Unigroup had offered to acquire the memory chip maker for $23B, or $21 per share... Shares of Twitter (TWTR) spiked Tuesday morning after a questionable takeover report was published on a website that mimicked, but had a different web address, than Bloomberg News. A Bloomberg spokesman said soon afterward that the Twitter takeover story being attributed to the news service was a fake, while a Twitter spokesperson also denied the report of an alleged deal... Macy's (M) jumped after Starboard CEO Jeffrey Smith called the stock his "best idea" for 2015, adding that the shares could be worth $125 each if the company takes steps to maximize the value of its real estate holdings. Amazon (AMZN) announced it sold more units on its first "Prime Day" than the biggest Black Friday ever and had more new members try its Prime service worldwide than any single day in company history. The e-commerce giant noted that its worldwide order growth increased 266% over the same day last year and 18% more than Black Friday 2014, adding that it will "definitely be" doing another Prime Day in the future. A number of semiconductor equipment stocks, including Applied Materials (AMAT) and Lam Research (LRCX), dropped after Intel (INTC) cut its capital expenditures guidance while reporting on its quarterly results. INDEXES: For the week, the Dow gained about 1.05% to close at 18,086.45, the Nasdaq advanced about 3.37% to close at 5,210.14, and the S&P 500 rose about 1.67% to close at 2,126.64.
16:01 EDTBABAOptions Update; July 17, 2015
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07:57 EDTBABAAlibaba volatility at low end of range
Alibaba July weekly call option implied volatility is at 23, August is at 32, September is at 27; compared to its 52-week range of 22 to 49 suggesting decreasing price movement.
July 16, 2015
17:56 EDTYHOOGoogle CBO says 'looking forward' to working with Yahoo
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16:00 EDTBABAOptions Update; July 16, 2015
iPath S&P 500 VIX Short-Term Futures down 1.17 to 16.52 Option volume leaders: NFLX AAPL BAC FB F INTC C EBAY AMZN GM JPM MU PFE BABA JD X
11:44 EDTMMacy's price target raised to $76 from $67 at JPMorgan
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11:01 EDTYHOOYahoo announces Mobile Developer Conference in NYC on August 26
Yahoo! announced that the Yahoo Mobile Developer Conference is headed to the East Coast on August 26 at the Marriott Marquis in New York City. At the New York City Mobile Developer Conference, Yahoo will unveil updates to its Yahoo Mobile Developer Suite.
10:18 EDTKINGOptions with increasing implied volatility
Options with increasing implied volatility: SRPT ENR FOSL KING
07:10 EDTJKSJinkoSolar signs $150M financing to expand project portfolio
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