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Stock Market & Financial Investment News

News Breaks
June 17, 2014
12:23 EDTMCRS, ORCL, EW, NFLX, SCTY, TSLA, MDT, COV, ACOROn The Fly: Midday Wrap
Stocks on Wall Street were slightly higher at midday after spending the morning fluctuating between narrow losses and marginal gains. The averages are drifting back and forth across the flat line as investors await the conclusion of the Fed's latest rate setting meeting, which kicked off today. ECONOMIC EVENTS: In the U.S., the consumer price index rose 0.4% in May, which was above the consensus forecast for an increase of 0.2%. Housing starts in the month declined 6.5% to a rate of about 1M and building permits slid 6.4% to a rate of 991K, which were both lower than expected. The Federal Reserve began its FOMC meeting, which will conclude tomorrow. COMPANY NEWS: Shares of register system and hospitality software maker Micros Systems (MCRS) surged 18% higher following a report from Bloomberg that the company is in talks to be acquired by tech giant Oracle (ORCL) for "more than" $5B... Shares of Edwards Lifesciences (EW) advanced nearly 5% after the company announced last night that it has received FDA approval for its SAPIEN XT transcatheter aortic heart valve for the treatment of certain high-risk and inoperable cardiovascular patients. Wells Fargo thinks the broad label and range of sizes approved by the FDA are a positive development for the company, while analysts at Canaccord noted that they view Edwards as an attractive acquisition candidate. Yesterday, CRT Capital said that it believes Medtronic's (MDT) acquisition of Covidien (COV) may signal an increase in sector M&A. MAJOR MOVERS: Among the notable gainers was SolarCity (SCTY), which jumped more than 15% after the solar energy system installer agreed to acquire solar panel technology and manufacturing company Silevo for up to $350M dollars. Also rising were shares of another company where Elon Musk is Chairman of the Board, Tesla Motors (TSLA), which rose over 3.5% after New Jersey's assembly approved a bill allowing the company to sell its cars directly in the state and New York Governor Andrew Cuomo signed a direct sales law in the neighboring state. Also higher was Netflix (NFLX), which rose 3% after Morgan Stanley upgraded the stock and research firm Pacific Crest issued a positive take on the shares in separate notes to investors earlier today. Among the noteworthy losers was executive recruiter Korn/Ferry (KFY), which dropped 3.5% after reporting on results during its just completed quarter and giving guidance for its current quarter. Also lower was Acorda Therapeutics (ACOR), which fell 5.5% after announcing an offering of $300M of convertible senior notes. INDEXES: Near midday, the Dow was up 9.46, or 0.06%, to 16,790.47, the Nasdaq was up 17.36, or 0.4%, to 4,338.46, and the S&P 500 was up 2.28, or 0.12%, to 1,940.06.
News For MCRS;ORCL;EW;NFLX;SCTY;TSLA;MDT;COV;ACOR From The Last 14 Days
Check below for free stories on MCRS;ORCL;EW;NFLX;SCTY;TSLA;MDT;COV;ACOR the last two weeks.
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September 3, 2014
13:03 EDTORCLConcur advances after report says acquisition being explored
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12:02 EDTTSLATesla hits fresh life high, and then turns lower
The shares have gone negative on the day after hitting a high of $288 earlier in the session, which is a fresh life high for the stock. That high did not hold for long, with price now at $281.92. A look at a 5-day chart shows what is a relatively characteristic behavior for the shares. It tends to advance by gaps, consolidates, and then gaps higher the following session and in the process creates bear traps. On a longer-term time frame it would take a breakdown below the prior session gap at the $275 area for the shares to be in any sort of real technical trouble. Resistance is at $284.12, the prior day close.
10:07 EDTNFLXNetflix volatility low as shares at record high
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09:36 EDTNFLX, TSLAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA TWTR PBR C GILD NFLX FB BIDU
09:15 EDTORCLOn The Fly: Pre-market Movers
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09:03 EDTEWNovation enters heart valve agreement with Edwards Lifesciences
Novation and Edwards Lifesciences announced they have entered into a three-year, sole-source strategic relationship that provides the world's market leading heart valve therapies to the more than 100,000 members and affiliates of VHA, UHC, Children's Hospital Association and Provista. The new agreement with Edwards for its heart valve product portfolio enables Novation to enter the heart valve category for the first time, and expands on the previous relationship between the companies for critical care technologies.
07:48 EDTORCLConcur a highly desirable M&A target, says UBS
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07:10 EDTMDTMedtronic announces CE Mark for CoreValve Evolut R System
Medtronic announced CE Mark for the 23 mm CoreValve Evolut R System for transcatheter aortic valve implantation, or TAVI. The novel, self-expanding valve and 14FR equivalent delivery system offers new capabilities that advance valve performance and deliverability during the procedure, while providing the option to recapture and reposition the valve during deployment phase, if needed.The novel system consisting of the CoreValve Evolut R transcatheter aortic valve and the EnVeo(TM) R Delivery Catheter System is designed for first-time positioning accuracy and also offers a new InLine Sheath that significantly reduces the profile to the lowest on the market; a smaller profile size is believed to minimize the risk of major vascular complications. The new valve is anatomically designed to increase conformability at the annulus for optimal annular fit and sealing, while maintaining supra-annular valve position for improved hemodynamic performance.
05:29 EDTNFLXNetflix announces Gotham to be released exclusively on Netflix
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September 2, 2014
16:33 EDTORCLConcur explores sale, talks to SAP and Oracle, Bloomberg says
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16:00 EDTTSLA, NFLXOptions Update; September 2, 2014
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12:21 EDTTSLATesla hits 52-week high following Stifel upgrade
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11:27 EDTSCTYStocks with call strike movement; GRPN SCTY
Groupon (GRPN) January 8 call option implied volatility increased 3% to 54, SolarCity (SCTY) January 82.5 call option implied volatility increased 6% to 52 according to IVolatility.
10:27 EDTTSLATesla hits fresh life high, levels to watch
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10:02 EDTTSLAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Cabot Oil & Gas (COG) upgraded at Stifel... Century Aluminum (CENX) upgraded to Overweight from Equal Weight at Morgan Stanley... Groupon (GRPN) upgraded at RBC Capital... Hawaiian Electric (HE) upgraded to Neutral from Cautious at ISI Group... Life Time Fitness (LTM) upgraded to Overweight from Neutral at Piper Jaffray... Live Nation (LYV) upgraded to Buy from Neutral at Northcoast... Northrop Grumman (NOC) upgraded at RBC Capital... Panasonic (PCRFY) upgraded to Buy from Sell at CLSA... Progressive (PGR) upgraded at Goldman... RCS Capital (RCAP) upgraded to Buy from Neutral at Citigroup... SandRidge Energy (SD) upgraded at Stifel... Staples (SPLS) upgraded to Outperform from Neutral at Credit Suisse... Statoil (STO) upgraded to Buy from Hold at Deutsche Bank... Tenaris (TS) upgraded to Neutral from Sell at UBS... Tesla (TSLA) upgraded at Stifel... Ultratech (UTEK) upgraded to Outperform from Market Perform at Barrington... Volkswagen (VLKAY) upgraded to Outperform from Neutral at Exane BNP Paribas... Waddell & Reed (WDR) upgraded to Buy from Hold at Jefferies... Willis Group (WSH) upgraded to Outperform from Market Perform at Keefe Bruyette... zulily (ZU) upgraded to Buy from Fair Value at CRT Capital.
09:41 EDTTSLA, NFLXActive equity options trading on open
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08:56 EDTTSLAOn The Fly: Pre-market Movers
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08:06 EDTTSLATesla upgraded at Stifel
As noted earlier, Stifel upgraded Tesla to Buy from Hold. The firm upgraded the stock as it thinks the company has obtained "a defensible" market "niche," while it has a head start in production and demand is unlikely to become a headwind for it until late in the decade at the earliest. Target $400.
06:36 EDTMDTMedtronic, AbbVie reimburse executives for inversion-triggered taxes, WSJ says
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06:07 EDTTSLATesla upgraded to Buy from Hold at Stifel
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