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Stock Market & Financial Investment News

News For MHP;APO;WMT;TGT;M;FB;YHOO;ANAD;HOGS;ARO;DWA From The Last 14 Days
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October 1, 2014
16:00 EDTFBOptions Update; October 1, 2014
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13:47 EDTYHOOYahoo's new home page to be 'much cleaner,' TechCrunch says
Yahoo's (YHOO) new home page, which the company is currently testing, will "have a much cleaner look," and feature a collapsible vertical menu bar on the left and "dynamic pop-up widgets," according to TechCrunch, which cited tips from readers and information it saw on Twitter. The new Yahoo site will also integrate with Twitter (TWTR), TechCrunch stated. Reference Link
13:09 EDTFBFacebook slated to apologize for 'real name' rule, Valleywag says
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10:32 EDTDWAOptions with increasing implied volatility
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10:28 EDTYHOOYahoo call volume attributed to merger speculation
Yahoo October weekly 40 and 40.5 calls are active on total call volume of 29K contracts (6K puts) on merger speculation. October weekly call option implied volatility is at 43, October is at 46, November is at 37, January is at 35; compared to its 26-week average of 35 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
10:21 EDTYHOORumor: Yahoo rally attributed to merger speculation
The move higher in shares of Yahoo is being attributed to a foreign press report regarding a potential acquisition of the company.
07:36 EDTYHOOYahoo took in $9.4B from selling 140M shares in Alibaba's IPO
On September 24, Alibaba Group Holding Limited (BABA) closed its IPO of American Depositary Shares. Each ADS represents one ordinary share of Alibaba Group. Yahoo! Hong Kong Holdings Limited, a wholly owned subsidiary of Yahoo! Inc. (YHOO), said in a filing that it sold a total of 140,000,000 ADSs in the IPO, including 18,260,780 ADSs sold pursuant to the underwriters’ exercise of their option to purchase additional ADSs. The ADSs sold in the IPO were sold at an initial public offering price of $68.00 per ADS. Yahoo received net proceeds of approximately $9.4B after deducting underwriting discounts and commissions of $0.816 per ADS.
05:16 EDTFBLionsgate teams with Facebook, Women In Film, Stephenie Meyer on short films
Lionsgate (LGF) is teaming with Facebook, the prestigious Women In Film organization, the crowdsourcing platform Tongal and best-selling Twilight Saga author Stephenie Meyer to create and manage a social media campaign to develop and produce a series of short films directed by aspiring female filmmakers. The campaign, called "The Storytellers – New Creative Voices of The Twilight Saga," will include films based on a broad spectrum of characters from the Twilight universe, with guidance provided by Meyer's encyclopedic The Twilight Saga: Official Illustrated Guide.
September 30, 2014
19:28 EDTWMTFederal judge orders Wal-Mart to face Mexican-bribe claims, Bloomberg says
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17:40 EDTWMTWal-Mart issues statement regarding Tracy Morgan lawsuit
The company said, “Walmart is committed to working to resolve all of the remaining issues as a result of the accident. As part of the ordinary course of legal proceedings, Walmart filed an initial response yesterday to the lawsuit that included facts and defenses that may impact the case moving forward. While we were required to respond to the lawsuit, we have also taken steps to encourage settlement discussions. Our thoughts continue to go out to everyone involved, and we remain committed to doing what’s right.”
13:18 EDTFBTwitter to launch new app development platform, The Information reports
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11:44 EDTDWAOptions with increasing implied volatility
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09:36 EDTFBActive equity options trading on open
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09:10 EDTDWAOn The Fly: Pre-market Movers
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08:51 EDTYHOOYahoo searches disrupted in mainland China, Mint reports
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08:48 EDTFBFacebook price target raised to $95, estimates increased at Evercore
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08:43 EDTAPOApollo wins approval for transfer of Caesar's loyalty program, NY Post says
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08:32 EDTYHOOYahoo selects Rovi Music metadata
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07:38 EDTFBFacebook users not abandoning site 'in droves' for Ello, TechCrunch reports
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07:21 EDTFBFacebook well positioned to take share in display market, says RW Baird
Baird believes Facebook is well positioned to take market share in the display market, which is core to the firm's long-term positive view of the company. The firm sees the launch of Atlas as an evolution in its advertising platform that should help improve monetization and reiterates its Outperform rating and $82 price target on Facebook shares.
06:28 EDTDWAAs DreamWorks talks slow, Softbank mulls Legendary, Hollywood Reporter says
Even though Softbank (SFTBF) has slowed its deal discussions with DreamWorks Animation (DWA), it is looking to make an investment in Thomas Tull's Legendary Pictures studio, according to the Hollywood Reporter, citing sources. The sources said that the Japanese company has been talking with Legendary for several weeks. Legendary has co-financed films with Time Warner's (TWX) Warner Bros Entertainment. Reference Link
September 29, 2014
18:15 EDTWMTWal-Mart blames Tracy Morgan for his own injuries in car crash, USA Today says
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17:50 EDTDWADreamWorks Animation down 9% after report that talks have slowed with Softbank
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17:45 EDTDWASoftbank, DreamWorks discussions may have slowed, WSJ says
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16:22 EDTDWAOn The Fly: Closing Wrap
Stocks on Wall Street opened sharply lower, as the volatility which was seen last week carried over. It was the sixth session in a row, and the eighth in the last ten, in which the Dow experienced a triple digit move. The early weakness was attributed to unrest in Hong Kong as pro-Democratic protesters forced the closing of 17 banks and many small businesses. The market was able to shrug off the early weakness and pared its losses, with the Nasdaq eventually crossing into positive territory for a brief time. The averages all ended the day in the red, but were much improved from the lows they hit right after the opening bell. ECONOMIC EVENTS: In the U.S., consumer spending increased 0.5% last month, which was a bit better than expected. Personal incomes increased 0.3% in August, which matched the consensus forecast of economists. The National Association of Realtors' pending home sales index fell 1.0% to 104.7 in August, which was worse than the expected drop of 0.5%. In Asia, Hong Kong's Hang Seng Index dropped nearly 2% as riot police advanced on protesters in the deepest unrest since China took back control of the colony two decades ago. In Europe's bond market, Italian and Spanish yields rose as Italy's Prime Minister Matteo Renzi faced rumors that he could be pressured to quit and leaders in Spain's Catalonia region called for a referendum to be held on independence. COMPANY NEWS: DreamWorks Animation (DWA) rallied $5.82, or 26.03%, to $28.18 after The Hollywood Reporter said yesterday that the company is in talks to be acquired by Japanese telecom company Softbank (SFTBF), the parent of U.S. wireless carrier Sprint (S). Softbank is negotiating to buy DreamWorks for $32 per share, or $3.4B, the report said, citing an unnamed source, though CNBC's David Faber and entertainment industry publication Variety were cautious about whether a deal will be consummated. Lionsgate (LGF), another movie maker recently linked to Softbank by The New York Post and to Vivendi (VIVHY) by Reuters, also rose $1.79, or 5.74%, to $32.99. MAJOR MOVERS: Among the notable gainers were a number of companies that agreed to be acquired. Ambit Biosciences (AMBI) surged $7.14, or 87.07%, to $15.34 after Daiichi Sankyo agreed to acquire all of its outstanding shares for $15 per share in cash plus one Contingent Value Right based on commercialization related milestones. Einstein Noah (BAGL) advanced $6.76, or 50.49%, to $20.15 after the bagel shop owner agreed to be acquired by JAB Holding Company for $20.25 per share in cash. Athlon Energy (ATHL) rose $11.59, or 24.8%, to $58.32 after striking a deal to be bought by Canadian energy giant Encana (ECA), which also gained 46c, or 2.18%, to $21.59 following the deal announcement. Among the noteworthy losers was Civeo Corporation (CVEO), which dropped $12.63, or 49.59% to $12.84 after the company decided against conversion to a real estate investment trust, or REIT, and said it will continue as C corporation and redomicile to Canada. Also lower were shares of Ford (F), which fell $1.22, or 7.47%, to $15.11 after the automaker said during its investor day presentation that it won't achieve its previously stated 2014 profit goal and now sees pre-tax profit of $6B for the fiscal year. INDEXES: The Dow slipped 41.93, or 0.25%, to 17,071.22, the Nasdaq fell 6.34, or 0.14%, to 4,505.85, and the S&P 500 dropped 5.05, or 0.25%, to 1,977.80.
13:53 EDTDWAVivendi may look at deal for Lionsgate, Reuters says
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13:11 EDTFBFacebook talking to Twitter about joining Atlas ad service, Re/code reports
Facebook (FB) has talked to Twitter (TWTR) about signing up the company for its new advertising measurement platform, Atlas, Re/code reported yesterday. The idea of Twitter signing up for Atlas still remains a possibility, Re/code added. Reference Link
13:07 EDTFBFacebook officially launches Atlas ad measuring platform
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12:18 EDTDWAOn The Fly: Midday Wrap
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11:23 EDTYHOOStocks with call strike movement; DAL YHOO
Delta Air Lines (DAL) March 40 call option implied volatility decreased 4% to 35, Yahoo (YHOO) January 48 call option implied volatility increased 2% to 35 according to IVolatility.
10:32 EDTDWADreamWorks jumps after report of Softbank takeover talks
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10:30 EDTDWAHigh option volume stocks
High option volume stocks: RGEN ALIM TIBX MYCC RDWR ATHL DWA ASNA PSDV BGC
10:00 EDTYHOOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Akorn (AKRX) upgraded to Outperform from Sector Perform at RBC Capital... Alexandria Real Estate (ARE) upgraded to Buy from Hold at ISI Group... Baidu (BIDU) upgraded to Buy at UBS... Banner Corp. (BANR) upgraded to Buy from Neutral at DA Davidson... Boston Properties (BXP) upgraded to Buy from Hold at ISI Group... Brocade (BRCD) upgraded to Hold from Sell at Summit Research... Chico's FAS (CHS) upgraded to Outperform from Perform at Oppenheimer... Energy Transfer Partners (ETP) upgraded at Morgan Stanley... Equity One (EQY) upgraded to Buy from Hold at ISI Group... FedEx (FDX) upgraded to Outperform from Market Perform at Cowen... Himax (HIMX) upgraded at Craig-Hallum... Janus Capital (JNS) upgraded at Morgan Stanley... Kilroy Realty (KRC) upgraded to Buy from Hold at ISI Group... LRR Energy (LRE) upgraded to Buy from Hold at Stifel... Nationstar (NSM) upgraded at Sterne Agee... Nexstar (NXST) upgraded to Buy from Hold at Noble Financial... Nike (NKE) upgraded to Outperform from Neutral at Credit Suisse... Pearson (PSO) upgraded to Outperform from Underperform at Macquarie... Philips (PHG) upgraded to Buy from Hold at ING Group... Rent-A-Center (RCII) upgraded at KeyBanc... Rice Energy (RICE) upgraded to Buy from Accumulate at KLR Group... Sonic Automotive (SAH) upgraded to Overweight from Underweight at Morgan Stanley... Tahoe Resources (TAHO) upgraded to Outperform from Market Perform at Raymond James... Tanger Factory (SKT) upgraded to Buy from Hold at ISI Group... Universal Health (UHS) upgraded at BMO Capital... Voya Financial (VOYA) upgraded to Strong Buy from Outperform at Raymond James... Waste Management (WM) upgraded at Wedbush... Yahoo (YHOO) upgraded to Buy from Hold at Needham.
09:37 EDTYHOOActive equity options trading on open
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09:36 EDTDWADreamWorks potential takeout positive for content space, says Stifel
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09:20 EDTDWAOn The Fly: Pre-market Movers
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09:16 EDTDWA'Not much going on' between DreamWorks, SoftBank, CNBC reports
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09:11 EDTDWADreamWorks, SoftBank talks early, may go nowhere, CNBC reports
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09:10 EDTDWA'Not much going on' between DreamWorks, SoftBank, CNBC reports
08:50 EDTFB, WMTWal-Mart names Instagram CEO and co-founder Kevin Systrom to board
Wal-Mart Stores (WMT) announced that its Board of Directors has appointed Kevin Systrom, an entrepreneur, software engineer and co-founder of photo-sharing service Instagram (FB), as a new member of the company's Board, effective September 26. Systrom became the 15th member of the Board and will also serve as a member of the company's Technology and eCommerce Committee and its Compensation, Nominating and Governance Committee. Systrom is currently CEO of Instagram, where he is responsible for its day-to-day operations and has overseen its growth to more than 200 million monthly active accounts.
08:49 EDTYHOOCorrection: Yahoo price target raised to $45 at B. Riley not Craig-Hallum
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08:31 EDTYHOOMellanox selected by Yahoo Japan
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08:01 EDTMMacy's to hire 86,000 seasonal associates in 2014
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07:27 EDTYHOOYahoo upgraded to Buy from Hold at Needham
As previously reported, Needham upgraded Yahoo (YHOO) to Buy from Hold with a $48 price target. The firm believes shareholders who wanted to own Alibaba (BABA) are likely gone and that the Starboard stake announcement will aid capital allocation of balance sheet cash and urgency to the turnaround.
07:20 EDTYHOOAOL CEO say no comment on Yahoo speculation
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07:19 EDTYHOOYahoo upgraded to Buy from Hold at Needham
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06:55 EDTDWAReport: Slim chance Softbank acquires DreamWorks, Variety says
The likelihood of a deal where Softbank (SFTBF) acquires DreamWorks Animation (DWA) is "slim", reports Variety, citing an unnamed Softbank source in Japan's Nihon Keizai Shimbun. The Hollywood Reporter first broke the news Saturday, but the source said, “It’s true that we are in contact, but the likelihood of [the deal] actually happening is slim.” Reference Link
06:51 EDTDWADreamWorks Animation volatility low into Softbank in talks to acquire report
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06:29 EDTFBFacebook to challenge Google with ad platform, NY Times says
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06:24 EDTFBChina censors coverage of pro-democracy demonstrations, NY Times says
China prevented websites from mentioning pro-democracy demonstrations in Hong Kong, according to The New York Times. Access to Facebook's (FB) Instagram was blocked amid the censorship. Weibo (WB) is a microblog seen as China's version of Twitter (TWTR). Reference Link
September 28, 2014
14:39 EDTDWASoftbank in talks to acquire DreamWorks Animation, Hollywood Reporter says
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September 26, 2014
17:18 EDTYHOOYahoo acknowledges receipt of letter from Starboard Value
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16:55 EDTYHOOMarket ends week lower after inversion crackdown, mixed data
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16:15 EDTYHOOOn The Fly: Closing Wrap
Stocks on Wall Street were higher, regaining much of their losses from yesterday, after GDP data showed the U.S. economy grew at its fastest pace in more than 2 years during the second quarter. Also helping improve sentiment was the significant earnings beat from Dow member Nike (NKE). ECONOMIC EVENTS: In the U.S., second quarter real GDP growth was revised up to 4.6% in the government's third estimate. This was raised from the prior 4.2% growth estimate, though the upward revision had been expected by analysts. The final University of Michigan consumer sentiment index for September came in at 84.6, which was unchanged from the preliminary print but up from the final August reading of 82.5. COMPANY NEWS: Shares of Nike climbed $9.75, or 12.23%, to $89.50 after the company reported stronger than expected results and provided better than expected profit guidance. Following last night's report, a number of analysts reacted positively in notes this morning, including Janney Capital, which upgraded the stock to Buy from Neutral. Meanwhile, Deutsche Bank upgraded Under Armour (UA) to Buy, citing continued sector strength evidenced in Nike's results. Under Armour gained $2.27, or 3.36%, to $69.82 following the report from the industry leader and Deutsche's ratings action. MAJOR MOVERS: Among the notable gainers was Janus Capital (JNS), which surged $4.60, or 41.43%, to $15.72 after the company unexpectedly announced that "Bond King" Bill Gross, formerly of PIMCO, will join as a fund manager this Monday. Afterward, Citigroup upgraded Janus to Neutral from Sell, citing Gross' hiring. Also higher was Yahoo (YHOO), which jumped $1.71, or 4.39%, to $40.66 after activist investor Starboard Value announced it has acquired a significant ownership stake in the company and urged it to explore a strategic combination with AOL (AOL). Shares of AOL also rose $1.58, or 3.68%, to $44.55 following Starboard's public disclosure of its recommendation to Yahoo. Among the noteworthy losers was Finish Line (FINL), which was left out of the Nike-fueled rally in the sneaker sector and fell $4.30, or 14.62%, to $25.11 after the company reported second quarter earnings and revenue that missed expectations. Following Finish Line's Q2 report, the stock and peer Foot Locker (FL) were both downgraded to Neutral from Buy at Bank of America Merrill Lynch. Also lower were shares of AcelRx (ACRX), which fell $1.31, or 19.49%, to $5.41 and was downgraded to Neutral at Roth Capital after the company said it has to resubmit for FDA approval of its Zalviso drug. INDEXES: The Dow advanced 167.35, or 0.99%, to 17,113.15, the Nasdaq gained 45.45, or 1.02%, to 4,512.19, and the S&P 500 rose 16.86, or 0.86%, to 1,982.85.
15:46 EDTYHOOOptions expected to be active next week
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13:56 EDTYHOOYahoo aims to shut down Qwiki app on November 1
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12:49 EDTYHOOAOL climbs after activist says Yahoo should pursue merger
Shares of AOL (AOL) are rising after activist investor Starboard Value urged Yahoo (YHOO) to consider a takeover of the company. WHAT'S NEW: Starboard said in a press release that Yahoo should "explore a strategic combination" with AOL. Merging with AOL could improve Yahoo's competitive position and deliver cost synergies of up to $1B, stated Starboard, which said that it had obtained a "significant stake" in Yahoo. Combining with AOL could also help Yahoo reduce the taxes it would owe after monetizing its stakes in Alibaba (BABA) and Yahoo Japan, Starboard stated. WHAT'S NOTABLE: Other steps that Yahoo should take include reducing its costs, curtailing its "aggressive acquisition strategy," and unlocking the value from its stakes in Alibaba and Yahoo Japan, the activist investor added. If all the steps recommended by Starboard are carried out, "tremendous value" for Yahoo shareholders will be unlocked, the hedge fund stated. PRICE ACTION: In early afternoon trading, AOL rose 3.5% to $44.50, while Yahoo gained 3% to $40.
12:31 EDTYHOOReuters corrects tweet on Yahoo to attribute to Starboard, not company
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12:25 EDTYHOOStarboard: Yahoo core business expected to trade at low end of industry multiple
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12:22 EDTYHOOAOL calls active, activist believes combination with Yahoo could offer synergies
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12:19 EDTYHOOStarboard says Yahoo's acquisition strategy has not delivered value to holders
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12:17 EDTYHOOAOL up 8.45%, Yahoo up 4% after talk of Yahoo-AOL combination
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12:15 EDTYHOOStarboard believes Yahoo-AOL combination could offer synergies of up to $1B
In a letter to Yahoo, Starboard said, "Based on our analysis, we believe that a combination of Yahoo and AOL could offer synergies of up to $1 billion by significantly reducing the cost overlaps in their Display advertising businesses as well as synergies in corporate overhead. Importantly, we believe the combined entity would be able to more successfully navigate the ongoing industry changes, such as the growth of programmatic advertising and migration to mobile. In addition, we believe a combination could also lead to revenue growth opportunities given the broader user base, higher quality content, better technology assets, and enhanced relationships with advertising agencies. Interestingly, based on our research and the legal advice we have received on how to unlock the value of Yahoo's equity holdings, we believe a merger of AOL and Yahoo's core business may be one of the best ways to both fully seize the cost reduction opportunity and also to tax efficiently monetize Yahoo's non-core equity holdings. We trust the Board and management will do the right thing for shareholders, even if this may mean accepting AOL as the surviving entity in a combination, should that be the best and most tax efficient structure."
12:14 EDTYHOOYahoo says exploring strategic combination with AOL, Reuters says
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12:13 EDTYHOOStarboard urges Yahoo to explore combination with AOL
Starboard Value LP announced it has acquired a significant ownership stake in Yahoo!, and that it has delivered a letter to Marissa Mayer, President and CEO of Yahoo, and to Yahoo's Board of Directors. In the letter, Starboard said, "The purpose of this letter is to highlight several opportunities to unlock tremendous value for the benefit of all Yahoo shareholders. These opportunities include: 1) Unlocking the substantial value from Yahoo's non-core minority equity stakes in Alibaba (BABA) and Yahoo Japan in a structure that delivers value directly to Yahoo shareholders in a tax-efficient manner; 2) Realizing substantial cost efficiencies by reducing expenses throughout the Company, specifically with a goal of reducing losses in the Display business by between $250M-$500M; 3) Halting Yahoo's aggressive acquisition strategy which has resulted in $1.3 billion of capital spent since Q2 2012 while consolidated revenues have remained stagnant and EBITDA has materially decreased; and 4) Exploring a strategic combination with AOL (AOL) – a company we know well – which could improve Yahoo's competitive position, deliver cost synergies of up to $1B, and potentially facilitate the realization of value from Yahoo's non-core equity stakes with minimal tax leakage. We believe that the execution of these initiatives would produce tremendous value for shareholders, and are squarely within the control of the Company's management and board of directors. We look forward to engaging directly with you to discuss the details of how these actions can be implemented in a timely manner.
12:12 EDTYHOOYahoo, AOL jump after Starboard recommends exploration of tie-up
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12:10 EDTYHOOYahoo urged by Starboard Value to explore strategic combination with AOL
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12:07 EDTYHOOYahoo acquires short movie app maker Qwiki
Yahoo has acquired Qwiki, which has created an app that automatically turns users' pictures and videos into brief movies. Qwiki announced the news about joining Yahoo on its corporate blog. Reference Link
10:58 EDTMFinish Line left out of sports footwear rally after earnings miss
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10:53 EDTYHOO, FBStocks with call strike movement; FB YHOO
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10:18 EDTYHOOOptions with decreasing implied volatility
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09:12 EDTMFinish Line cites assortment 'blip' for Q2 performance
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07:12 EDTMFinish Line says Q2 results fell short due to basketball offering 'softness'
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September 25, 2014
13:31 EDTAPODow starts process for epoxy, chlorine unit sales, seeks one buyer, Reuters says
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11:35 EDTFBStocks with call strike movement; FB RIG
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11:22 EDTMSkechers rebounds after refuting Barrington research report
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10:33 EDTYHOOOptions with decreasing implied volatility
Options with decreasing implied volatility: VHC RPRX SFLY VNET YHOO RHT KMX BBBY CCL ACN
10:06 EDTYHOOOn The Fly: Analyst Downgrade Summary
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09:45 EDTFBEU regulators set to approve Facebook's WhatsApp bid, Reuters reports
European Union antitrust regulators are set to approve Facebook's $19B offer for mobile messaging startup WhatsApp, reports Reuters. Citing two people familiar with the matter, the regulators will give "unconditional clearance". Reference Link
09:36 EDTYHOOActive equity options trading on open
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09:27 EDTFBFacebook price target raised to $99 from $95 at Stifel
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09:13 EDTYHOOOn The Fly: Pre-market Movers
HIGHER: LipoScience (LPDX), up 63% after agreeing to be acquired by LabCorp (LH) for $5.25 per share in cash... Magnum Hunter (MHR), up 12.5% after announcing that throughput volumes on Eureka Hunter's gas gathering pipeline system have increased to about 316,500 MMBtu per day... Jabil Circuit (JBL), up 4.7% following its report of better than expected fourth EPS and revenue... JD.com (JD), up 0.7% after the stock was initiated with an Outperform rating at Macquarie. LOWER: Yahoo (YHOO), down 0.6% after RBC Capital downgraded its rating on the stock to Sector Perform from Outperform, saying the risk/reward is less attractive following Alibaba's (BABA) initial public offering... HB Fuller (FUL), down 15% after reporting quarterly results and guidance that missed analyst estimates... Omnova Solutions (OMN), down 10.8% after its Q3 adjusted EPS missed expectations... Pacira Pharmaceuticals (PCRX), down 9.2% after receiving an FDA warning letter over certain promotional materials on Exparel.
08:31 EDTYHOOYahoo downgraded after Alibaba catalyst at RBC Capital
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07:09 EDTYHOOYahoo downgraded to Sector Perform from Outperform at RBC Capital
September 24, 2014
17:12 EDTYHOOYahoo in one year lock-up agreement for shares of Alibaba
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12:29 EDTWMTOn The Fly: Midday Wrap
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11:04 EDTYHOOOptions with decreasing implied volatility
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10:03 EDTYHOOYahoo call volume attributed to rumor of an activist investor stake
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09:55 EDTYHOORumor: Yahoo strength attributed to an activist investor stake
09:49 EDTWMTGreen Dot's 2014 guidance incorporates Wal-Mart, says Piper Jaffray
Green Dot (GDOT) announced this morning that it will offer its GoBank product at Wal-Mart (WMT) stores nationwide by the end of October. Piper said GoBank has been piloted in a few stores in Texas and the launch has already been incorporated into Green Dot's 2014 guidance and accounts for relatively little in revenues. The firm views the news as a positive in total and said it shows continued traction within GoBank and its relationship with Wal-Mart. Shares of GoBank are Overweight rated with a $24 price target.
09:34 EDTYHOO, FBActive equity options trading on open
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09:05 EDTWMTOn The Fly: Pre-market Movers
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08:59 EDTYHOOKyle Bass says short Yahoo on Alibaba IPO day, no longer short
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08:09 EDTAPOApollo Global weakness creates buying opportunity, says Argus
Argus believes that Apollo Global is clicking on all cylinders, and it thinks that analysts are underestimating the outlook for the company's distributions. The firm cut its price target on the name to $35 from $40 but reiterates a Buy rating.
07:14 EDTYHOOYahoo removed from U.S. Key Call List at UBS
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06:56 EDTFBFacebook volatility low, shares at record high
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06:36 EDTDWAJAKKS Pacific' Disguise signs multi-year agreement with DreamWorks Animation
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06:32 EDTFBApple iOS 8 upgrade prompts more frequent app collapse, Bloomberg says
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05:14 EDTWMTGreen Dot, Wal-Mart announce nationwide rollout of GoBank
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September 23, 2014
16:00 EDTFB, YHOOOptions Update; September 23, 2014
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11:43 EDTYHOOStocks with call strike movement; AAL YHOO
American Airlines (AAL) February 40 call option implied volatility decreased 4% to 35, Yahoo (YHOO) February 47 call option implied volatility decreased 4% to 34 according to IVolatility.
10:33 EDTYHOOOptions with decreasing implied volatility
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09:37 EDTYHOOActive equity options trading on open
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07:23 EDTYHOOYahoo could be buyer or target after Alibaba IPO, Re/code says
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06:56 EDTFBGoogle exec to manage Snapchat PR, policy, Re/code says
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06:11 EDTYHOOYahoo confirms acquisition of Bookpad, TechCrunch reports
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06:00 EDTFBFacebook expected to launch new advertising platform, WSJ reports
This week, Facebook (FB) will introduce Atlas, a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reports, citing people familiar with the matter. Atlas is a re-engineered version of the Atlas Advertiser Suite Facebook acquired in 2013 from Microsoft (MSFT). Facebook is looking to challenge Google (GOOG) in the online ad space. Reference Link
September 22, 2014
17:58 EDTYHOOSeveral Japanese retailers set up shop on Alibaba, Nikkei reports
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16:18 EDTYHOOOn The Fly: Closing Wrap
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12:16 EDTYHOOOn The Fly: Midday Wrap
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11:57 EDTYHOOStocks with call strike movement; TSLA YHOO
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11:21 EDTYHOOYahoo downgraded, continues slide following Alibaba IPO
Shares of Yahoo (YHOO) are falling after two research firms downgraded the stock following Friday's initial public offering of China's Alibaba (BABA), in which the U.S. company owned a 23% stake. BACKGROUND: On September 19, Alibaba opened for trade on the NYSE at $92.70 after the company's 320.1M shares were originally priced at $68. Alibaba closed Friday at $93.89 per share, giving it a market value of over $230B. Yahoo sold nearly 122M shares that it owned in the Chinese e-commerce giant as part of the IPO, which left it with a stake of 401.8M shares. ANALYST OPINION: This morning, Bank of America Merrill Lynch analyst Justin Post downgraded Yahoo to Neutral from Buy. He feels that Yahoo is no longer the optimum means to gain Alibaba exposure and that some investment funds will likely exit shares. Post believes that some traders might be now utilizing Yahoo as a short proxy for the Chinese company's stock. Yahoo will potentially allocate some of the Alibaba debut proceeds to acquisitions, Post wrote, and added that Yahoo could also possibly spin-off its Alibaba shares into an entirely separate publicly traded company or that Alibaba could look to buy Yahoo to get back the stake the U.S. company holds. Despite cutting his rating on the stock, Post raised his price target on Yahoo to $46 from $40 to reflect the valuation of its Alibaba position. Bernstein analyst Carlos Kirjner also downgraded Yahoo this morning, lowering his rating on the stock to Market Perform from Outperform. Kirjner is not certain whether Yahoo's stock can grow meaningfully from its current levels now that the Alibaba IPO has come and gone. The analyst maintains a $42 price target on Yahoo. PRICE ACTION: During morning trading, shares of Yahoo fell $2.31 or 5.6%, to $38.62. On Friday the stock ended the day down $1.15, or 2.74%, to close at $40.93. Shares of Alibaba were down about 4% to $90.05 in morning trading.
11:17 EDTYHOOYahoo hits fresh session lows, levels to watch
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11:02 EDTYHOOOptions with decreasing implied volatility
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10:17 EDTYHOOYahoo falls, levels to watch
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10:15 EDTYHOOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actavis (ACT) downgraded to Equal Weight from Overweight at Barclays... Aetna (AET) downgraded to Neutral from Buy at BofA/Merrill... Auxilium (AUXL) downgraded to Hold from Buy at Stifel... CARBO Ceramics (CRR) downgraded to Neutral from Buy at Sterne Agee... Commerzbank (CRZBY) downgraded to Underperform from Neutral at Exane BNP Paribas... Concur (CNQR) downgraded to Neutral from Buy at Nomura... Dresser-Rand (DRC) downgraded to Neutral from Accumulate at Global Hunter... Finish Line (FINL) downgraded to Equal Weight from Overweight at Morgan Stanley... General Communications (GNCMA) downgraded to Hold from Buy at Drexel Hamilton... InvenSense (INVN) downgraded to Neutral from Outperform at RW Baird... Las Vegas Sands (LVS) downgraded to Market Perform from Outperform at Wells Fargo... Lindsay Corp. (LNN) downgraded at Sterne Agee... Melco Crown (MPEL) downgraded to Market Perform from Outperform at Wells Fargo... Outerwall (OUTR) downgraded to Sell from Neutral at B. Riley... PSEG (PEG) downgraded to Hold from Buy at Jefferies... Realogy (RLGY) downgraded to Underperform from Neutral at Credit Suisse... Regal-Beloit (RBC) downgraded to Accumulate from Buy at Global Hunter... SABMiller (SBMRY) downgraded to Market Perform from Outperform at Bernstein... Saba Software (SABA) downgraded to Neutral from Buy at B. Riley... Suburban Propane (SPH) downgraded to Market Perform from Outperform at Wells Fargo... Swiss Re (SSREY) downgraded to Underperform from Neutral at Exane BNP Paribas... Towers Watson (TW) downgraded to Buy from Conviction Buy at Goldman... Valmont (VMI) downgraded at Sterne Agee... Walgreen (WAG) downgraded to Equal Weight from Overweight at Barclays... Watts Water (WTS) downgraded to Neutral from Buy at Janney Capital... Wynn Resorts (WYNN) downgraded to Market Perform from Outperform at Wells Fargo... Yahoo (YHOO) downgraded to Neutral from Buy at BofA/Merrill.
10:08 EDTYHOOYahoo volatility elevated after Alibaba IPO
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09:42 EDTYHOOBofA/Merrill technology analysts holds analyst/industry conference call
Analysts discuss what's next for Yahoo and Softbank on an Analyst/Industry conference call to be held on September 22 at 10 am.
09:38 EDTYHOOActive equity options trading on open
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09:15 EDTYHOOOn The Fly: Pre-market Movers
HIGHER: Sigma-Aldrich (SIAL), up 34% after Merck KGaA (MKGAY) to acquire the company for $17B... Viasystems (VIAS), up 44% after TTM Technologies (TTMI) acquires the company for $16.46 per share in cash and stock. TTM is up 15.5% after the deal... Clorox (CLX), up 5.4% after the New York Post said the company turned down offer to sell or merge with rival... EMC (EMC), up 2.5% after The Wall Street Journal said the company is considering options that could include merging with a rival and held on-and-off merger talks with Hewlett-Packard (HPQ) for almost a year, though the Journal added that those talks recently ended... Epiq Systems (EPIQ), up 9.9% after P2 Capital confirms 16.9% stake in Epiq and that the company turned down the shareholders' $20 per share takeover offer... Dresser-Rand (DRC), up 2.7% after the company sells to Siemens (SIEGY) for $83 per share or $7.6B... TAT Technologies (TATT), up 6.6% after a division of the company signed a maintenance agreement with Republic Airways (RJET). LOWER: Yahoo (YHOO), down 2.1% after stock was downgraded at Bank of America Merrill Lynch and at Bernstein... InvenSense (INVN), down 2.9% after downgraded at RW Baird... Threshold Pharmaceuticals (THLD), down 5.6% after TH-302 Phase 3 trial events to occur later than expected.
08:54 EDTYHOOYahoo downgraded at BofA/Merrill
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08:42 EDTYHOOYahoo downgraded at Bernstein
As noted earlier, Bernstein downgraded Yahoo to Market Perform from Outperform. The firm thinks its positive thesis based on investors' previous underestimation of Alibaba (BABA) has played out. Bernstein believes that it is unclear whether Yahoo's stock can advance meaningfully from current levels. Target $42.
06:53 EDTYHOOYahoo downgraded to Market Perform from Outperform at Bernstein
06:53 EDTYHOOYahoo downgraded to Neutral from Buy at BofA/Merrill
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06:37 EDTYHOOYahoo's core business value cat in half after Alibaba IPO, WSJ reports
The value of Yahoo's (YHOO) core business was cut in half to $6.8B after Alibaba's (BABA) first day of trading Friday, reports the Wall Street Journal. Yahoo made $5.1B in cash from the sale of shares in Alibaba's IPO and its remaining stake is valued at about $23.4B. Reference Link
06:37 EDTYHOOYahoo reportedly acquires India's Bookpad, The Next Web reports
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September 21, 2014
16:02 EDTFBFacebook's Oculus gets closer to consumer release of Rift headset, FT says
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September 20, 2014
20:45 EDTYHOOYahoo could have 35% upside, Barron's says
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September 19, 2014
16:17 EDTYHOOOn The Fly: Closing Wrap
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16:00 EDTYHOOOptions Update; September 19, 2014
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12:53 EDTYHOOYahoo down nearly 5% following IPO of Alibaba
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12:40 EDTYHOOOn The Fly: Midday Wrap
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11:24 EDTFBTD Ameritrade:Alibaba premarket orders approaching Facebook levels, Reuters says
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11:23 EDTYHOOStocks with call strike movement; YHOO MU
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10:18 EDTYHOOAnalysts say tax treatment of Alibaba stake sale key for Yahoo
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10:16 EDTYHOOYahoo September volatility elevated on Alibaba IPO indicated to open at $80-$83
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09:37 EDTYHOOActive equity options trading on open
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07:25 EDTDWASoftbank to spend some of Alibaba windfall in Hollywood, NY Post says
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07:25 EDTYHOOFutures higher ahead of Alibaba trading
Stock futures are higher following Scotland’s decision to remain in the UK. Investors will now turn their attention to the initial public offering of Chinese internet company Alibaba (BABA), which raised $21.8B, making its IPO the largest in U.S. history. It is anticipated that investors are likely to push the stock price higher when it opens. The lone major domestic economic report due to be reported today is the index of leading economic indicators, which is due out at 10:00 am ET.
07:03 EDTYHOOYahoo volatility elevated on Alibaba 320.1M shares IPO priced at $68
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06:58 EDTYHOOYahoo price target raised to $43 from $39 at Cantor
Cantor increased its price target on Yahoo to reflect the pricing of Alibaba's (BABA) IPO at $68 per share. The firm adds that a tax-efficient sale of Yahoo's second tranche of Alibaba shares could cause the U.S. company's stock price to reach $53-$58. Cantor keeps a Buy rating on Yahoo.
06:05 EDTYHOOYahoo laying off 59 San Diego-area employees, Re/code reports
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05:54 EDTYHOOYahoo price target raised to $48 from $44 at Piper Jaffray
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September 18, 2014
18:07 EDTYHOOAlibaba 320.1M share IPO priced at $68
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15:42 EDTYHOOYahoo September 42 straddle priced for 5.7% move into Alibaba IPO
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15:17 EDTYHOOYahoo volatility elevated into Alibaba IPO
Yahoo (YHOO) September call option implied volatility is at 104, September weekly is at 76, October is at 55, November is at 43, January is at 34; compared to its 26-week average of 37 according to Track Data, suggesting large price movement into the expected IPO of Alibaba (BABA) on September 19.
13:54 EDTFBAd dollars on Facebook outpacing amount of time people spend on site, WSJ says
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13:27 EDTFBFacebook updates story ranking criteria
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13:05 EDTANADANADIGICS announces WiFi design win with LG Electronics for the G3 Beat
ANADIGICS announced earlier that the company is shipping production volumes of its AWL9280 and AWL9580S WiFi front-end ICs to LG Electronics in support of the global launch of the LG G3 Beat, also known as the LG G3 s in Europe. Shares of ANADIGICS are up more than 4% in afternoon trading.
12:07 EDTFBStocks with call strike movement; JCP FB
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11:03 EDTYHOOYahoo September 42 straddle priced for 5.9% move into Alibaba IPO
11:01 EDTYHOOYahoo volatility elevated into Alibaba IPO
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11:01 EDTTGTTarget to hire 70,000 seasonal workers in 2014, CNBC reports
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10:40 EDTWMTWal-Mart to hire 60K seasonal associates, 10% more than last year
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09:36 EDTYHOOActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL YHOO TWTR VVUS RAD PWE WFM TSLA PIR SHLD
08:12 EDTYHOOYahoo volatility elevated into Alibaba IPO
Yahoo (YHOO) September call option implied volatility is at 99, September weekly is at 77, October is at 59, November is at 46, January is at 39; compared to its 26-week average of 37 according to Track Data, suggesting large price movement into the expected IPO of Alibaba (BABA) on September 19.
07:23 EDTANADCraig-Hallum to hold a conference
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07:06 EDTFBFacebook volatility low into Alibaba IPO
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05:58 EDTYHOOStocks with implied volatility above IV index mean; YHOO BWP
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