New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 30, 2014
11:32 EDTCTL, DLTR, MNKD, FTR, EXPE, SWY, PWE, PSECOptions 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
Sign up for a free trial to see the rest of the stories you've been missing.
February 4, 2016
09:18 EDTMNKDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Glu Mobile (GLUU), up 21.9%... Solaredge Technologies (SEDG), up 11.2%... Cadence Design (CDNS), up 6.6%. ALSO HIGHER: VirnetX Holding (VHC), up 91.7% after the company won a $625.6M verdict in favor of in a patent infringement lawsuit against Apple (AAPL)... Viacom (VIAB), up 5.1% after CNBC's David Faber reported that sources said CEO Philippe Dauman is likely to be named Chairman despite objections from Shari Redstone. DOWN AFTER EARNINGS: GoPro (GPRO), down 16.4%... ConocoPhillips (COP), down 2.9%... Dunkin Brands (DNKN), down 2.1%... Philip Morris (PM), down 3.2%. ALSO LOWER: L Brands (LB), down 3.3% after providing Q4 guidance, reporting January Same-Store Sales were down 2%... MannKind (MNKD), down 8.1% after Piper Jaffray analyst Joshua Schimmer calls the company a penny stock with a mid-cap valuation.
06:14 EDTEXPETripAdvisor risk/reward now favorable into earnings, says Piper Jaffray
Piper Jaffray analyst Michael Olson says that following the significant underperformance of shares, the risk/reward for TripAdvisor (TRIP) is now favorable into the company's Q4 results. The slowdown in travel is already reflected into consensus estimates and concerns regarding the magnitude of the upcoming 2016 guide-down are overblown, Olson tells investors in a pre-earnings research note on the Online Content space. He reiterates an Overweight rating on the stock with a $120 price target. The analyst recommends avoiding Expedia (EXPE) and Priceline (PCLN) into the Q4 reports.
06:05 EDTMNKDPiper calls MannKind a penny stock with a mid-cap valuation
Piper Jaffray analyst Joshua Schimmer calls MannKind's business strategy "flawed and desperate" following the company's conference call yesterday to discuss recent developments. The company is trying to appeal to "less sophisticated retail investors," Schimmer tells investors in a research note. MannKind does not have the ability to generate adequate revenue to offset the spending requirements over the next 12 months for Afrezza, the analyst contends. Schimmer sees no reason to own the shares and believes the likelihood that the company declares bankruptcy this year "is not out of the realm of possibility." He calls MannKind a "penny stock company with a mid-cap valuation." The analyst reiterates an Underweight rating on the biopharmaceutical company with a 5c price target. The stock closed yesterday down 1c to 99c.
January 28, 2016
06:50 EDTPWEPenn West approves FY16 Capital Budget of $50M
Subscribe for More Information
06:46 EDTPWEPenn West expects FY16 annual production 60K,BOE/d-64K BOE/d
Subscribe for More Information
06:46 EDTPWEPenn West sees FY16 production 60,000-64,000 boe/d
Penn West provided the following comments regarding production for FY16: "Given our focus on managing the business at current price levels, we continue to monitor the profitability of each of our fields. Our Budget reflects expected shuts ins of up to 4,000 boe/d of uneconomic non-core production during Q1 of 2016. We also anticipate that low commodity prices will weigh on the profitability of individual equipment repair or replacement projects at a certain portion of our non-core fields. Therefore, we estimate the deferral of these projects will reduce our 2016 annual average production by an additional 2,500 boe/d. We will be positioned to execute on these repair opportunities as the project economics improve to levels that warrant investment. As a result of optimizing our operations for the current price environment, including the significant reductions to our capital program, we expect average annual production in 2016 between 60,000 boe/d and 64,000 boe/d, with a liquids weighting between 66% and 68%. These ranges do not take into account any potential dispositions. Our base decline remains approximately 20% to 22%."
06:44 EDTPWEPenn West reports Q4 production voumes over 77,000 boe/d
Subscribe for More Information
06:44 EDTPWEPenn West approves capital budget of $50M for FY16
Subscribe for More Information
05:43 EDTMNKDStocks with implied volatility movement; BTU MNKD
Subscribe for More Information
January 27, 2016
10:20 EDTEXPEGoldman says sell TripAdvisor as Airbnb adds to industry challenges
The outlook for online travel agencies, or OTAs, has become less favorable, partly due to increased competition from alternative lodging providers like Airbnb, Goldman Sachs wrote in a note to investors today. The firm downgraded one of the stocks in the sector, Priceline (PCLN), to Neutral from Buy, and cut another online travel agency, TripAdvisor (TRIP), to Sell from Neutral. WHAT'S NEW: Amid high lodging occupancy rates and below average supply growth, more travelers are embracing alternative lodging options like Airbnb, cutting out the OTAs, wrote Goldman analyst Heath Terry. Additionally, high occupancy rates are enabling hotels to seek better terms from OTAs, the analyst stated. Meanwhile, OTAs have increased their penetration of the hotel sector, leaving less room for share gains, Terry stated. Turning to specific stocks, the analyst expects Priceline to be hurt by the stronger dollar as well as increased competition from alternative lodging options. He anticipates that TripAdvisor's bottom line will be lowered by its efforts to convince hotels to join its Instant Booking program by granting them more favorable deal terms. Terry kept a Neutral rating on Expedia, but said that the stock could drop further, given the company's high exposure to large hotel chains, the competitive challenges it's facing, and integration risks from four major acquisitions it has made over the last two years. He cut his price target on Priceline to $1,200 from $1,500 and on TripAdvisor to $59 from $68. Terry has a $93 price target on Expedia. PRICE ACTION: In early trading, Priceline fell 3.5% to $1,073, TripAdvisor lost 3.2% to $67.44, and Expedia declined 2.2% to $102.61.
09:51 EDTDLTRDollar Tree initiated with a Buy at Cleveland Research
09:46 EDTMNKDMannKind to host business news update conference call
Subscribe for More Information
09:04 EDTCTLCenturyLink wins DISA network fair opportunity awards for up to $10M
Subscribe for More Information
06:02 EDTEXPEPriceline downgraded to Neutral from Buy at Goldman
Goldman Sachs analyst Heath Terry downgraded Priceline (PCLN) to Neutral saying the environment for online travel agents is becoming less favorable amid high occupancy and rising competition from alternative accommodation providers. Terry cut his price target for the shares to $1,200 from $1,500. He continues to believe Priceline is the best positioned in the space, however. The analyst this morning also downgraded TripAdvisor (TRIP) to Sell and kept a Neutral rating on Expedia (EXPE).
January 26, 2016
15:31 EDTMNKDMannKind exploring potential sale, Reuters reports
MannKind (MNKD), whose shares have plunged 40% since Sanofi (SNY) terminated an agreement for the development and commercialization of inhaled insulin drug Afrezza, is now exploring its strategic options, including a potential sale, reported Reuters, citing people familiar with the matter. MannKind shares are up about 20% to 90c in afternoon trading following the report. Reference Link
14:33 EDTMNKDMannKind exploring alternatives, including potential sale, Reuters reports
Subscribe for More Information
05:19 EDTFTRStocks with implied volatility movement; CHK FTR
Subscribe for More Information
January 25, 2016
10:00 EDTEXPEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 8x8, Inc. (EGHT) initiated with a Buy at Summit Research... ARI Network (ARIS) initiated with an Outperform at Barrington... Alcobra (ADHD) initiated with an Outperform at Oppenheimer... CNO Financial (CNO) initiated with a Hold at Deutsche Bank... Expedia (EXPE) initiated with an Outperform at Wells Fargo... Gartner (IT) initiated with an Overweight at Atlantic Equities... MAG Silver (MVG) initiated with a Buy at Roth Capital... Mitek Systems (MITK) initiated with an Outperform at Northland... Priceline (PCLN) initiated with a Market Perform at Wells Fargo... QTS Realty Trust (QTS) initiated with a Buy at SunTrust... Seres Therapeutics (MCRB) initiated with a Buy at H.C. Wainwright.
08:08 EDTEXPEExpedia initiated with an Outperform at Wells Fargo
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use