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Stock Market & Financial Investment News

News Breaks
July 30, 2014
11:32 EDTPWE, PSEC, CTL, DLTR, MNKD, FTR, EXPE, SWYOptions with increasing implied volatility
Options with increasing implied volatility: MNKD PSEC EXPE DLTR PWE FTR CTL SWY
News For MNKD;PSEC;EXPE;DLTR;PWE;FTR;CTL;SWY From The Last 14 Days
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March 31, 2015
11:14 EDTEXPEOptions with increasing implied volatility
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11:12 EDTEXPEPriceline rises after Stifel says European macro risks already priced in
The shares of online travel agency Priceline (PCLN) are advancing in a down market after Stifel upgraded the stock, saying that the European macro economic risks faced by the company are priced into the shares at current levels, while the stock's valuation is compelling. WHAT'S NEW: The macro economic risks that Priceline faces in Europe are already priced into the stock, Stifel analyst Scott Devitt wrote in a note to investors earlier today. Following the stock's recent underperformance spurred by this risk and worries about the stock's valuation, the shares' risk/reward ratio has become attractive, Devitt believes. If the economic situation in Europe improves, Priceline's stock could rise, Devitt said. Citing Priceline's estimated 5% 2015 free cash flow yield, its newly initiated $3B share repurchase program, and its consistent profitable organic growth, the analyst wrote that the company has strong fundamentals and favorable shareholder policies. Moreover, the combination of Priceline's leverage to improvement in Europe, its leading position in its industry, and its compelling valuation make the company unique among mature, growing large-cap Internet companies, according to the analyst, who set a $1,400 price target on the shares. OTHERS TO WATCH: Other companies in Priceline's sector include Expedia (EXPE) and Orbitz (OWW). PRICE ACTION: In mid-morning trading, Priceline rose 2% to $1,172.
March 30, 2015
10:22 EDTPSECOptions with decreasing implied volatility
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March 27, 2015
13:32 EDTEXPESabre in talks for non-U.S. acquisition in travel network business
In a regulatory filing, Sabre (SABR) reports that the Hawaii Supreme Court ruled this month that Expedia's (EXPE) Travelocity is not subject to Hawaii’s transient accommodation tax but is subject to its general excise tax. The court further ruled that an income splitting provision that benefits Travelocity applies to the general excise tax. Sabre initially paid $34M in 2013 in order to appeal the matter and expects to receive a majority of this amount back as a result of this ruling. The company also reports that as of the date hereof, Sabre is involved in active negotiations for a potential non-U.S. acquisition within the travel network business segment for which it is possible that it will enter into an agreement in Q2. If consummated, it anticipates that the acquisition would close in Q2/Q3 and require approximately $500M in funds. With respect to its consolidated income statement for the year ended December 31, on a pro forma basis, it expects the acquisition would have resulted in a revenue increase of approximately $250M and would have resulted in a modest increase in adjusted EBITDA. In 2015, it expects the transaction would be approximately neutral to adjusted EPS, and would have a positive impact on adjusted EPS thereafter.
March 25, 2015
17:37 EDTEXPEExpedia, Orbitz receive second information request from DoJ
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10:36 EDTPSECOptions with decreasing implied volatility
Options with decreasing implied volatility: FOLD WLL WBAI ASPS GES PSEC CTRP LNCO VRTX ARP
March 24, 2015
10:40 EDTPSECOptions with increasing implied volatility
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10:32 EDTPSECOptions with increasing implied volatility
Options with increasing implied volatility: MAC CMG HLSS PSEC ISRG AMZN CREE
05:46 EDTMNKDStocks with implied volatility movement; AMZN MNKD
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March 20, 2015
16:00 EDTMNKDOptions Update; March 20, 2015
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March 18, 2015
09:32 EDTMNKDMannKind faces cash shortfall if $100M debt not settled, TheStreet says
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