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Stock Market & Financial Investment News

News Breaks
March 1, 2013
11:56 EDTMELI, MNST, QCOR, PANW, DDDOptions with decreasing implied volatility: MNST DDD QCOR MELI PANW
News For MNST;DDD;QCOR;MELI;PANW From The Last 14 Days
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June 18, 2013
16:13 EDTMNSTAMA adopts policy supporting ban of marketing energy drinks to kids
The American Medical Association, or AMA, announced that it voted during its Annual Meeting to adopt several new policies on emerging issues in public health and science. Among the policies adopted was support for a ban of the marketing of high stimulant/caffeine drinks to adolescents under the age of 18. "Energy drinks contain massive and excessive amounts of caffeine that may lead to a host of health problems in young people, including heart problems, and banning companies from marketing these products to adolescents is a common sense action that we can take to protect the health of American kids," said AMA board member Alexander Ding, M.D. The Fly notes that Forbes reported earlier this week that the AMA might endorse such a ban.
15:23 EDTMNSTAMA calls for ban on advertising energy drinks to kids, Bloomberg says
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10:01 EDTPANWOn The Fly: Analyst Downgrade Summary
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07:15 EDTDDD3D Systems price target raised to $55 from $50 at Canaccord
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06:50 EDTPANWPalo Alto downgraded to Buy from Conviction Buy at Goldman
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June 17, 2013
10:24 EDTDDD3D Systems June volatility elevated at 61
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08:41 EDTPANWPalo Alto shares attractive at current levels, says Pacific Crest
After meeting with Palo Alto's management, Pacific Crest thinks the company has superior technology, and an opportunity to acquire many more customers. The firm also believes that the company can better monetize its current customers, and it keeps an Outperform rating on the shares.
08:08 EDTMNSTMonster Beverage weakness on AMA headlines overdone, says Goldman
Goldman believes weakness in Monster Beverage shares following American Medical Association, or AMA, reports that it may endorse a ban on sales and marketing of energy drinks seems overdone. The analyst said the proposal does not contain new information and the AMA requested additional studies to better understand the issue.
June 14, 2013
12:57 EDTMNSTMonster Beverage puts active on report AMA may ban energy drinks
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12:43 EDTMNSTOn The Fly: Midday Wrap
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11:22 EDTMNSTMonster Beverage down more than 3% after Forbes says AMA may ban energy drinks
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11:21 EDTMNSTAMA could endorse ban of 'high energy' drinks, Forbes reports
The American Medical Association may endorse sales and advertising bans of “high-energy/stimulant drinks” to consumers under 18 years old, due to an increase in emergency room visits "linked to the consumption of 'stimulant' drinks," which are made by companies including Monster Beverage (MNST) and PepsiCo (PEP), according to Forbes. Reference Link
11:18 EDTMNSTAMA could endorse ban on high-energy drinks, Forbes says
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June 13, 2013
13:33 EDTDDD3D printer makers rise after analyst says demand looks strong
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07:02 EDTDDDPiper sees another favorable earnings season for 3D printers
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June 12, 2013
11:29 EDTDDD3D Systems to host analyst and investor meeting
Analyst and Investor meeting to be held in New York on June 17 at 10 am. Webcast Link
10:48 EDTPANWPalo Alto management to meet with Pacific Crest
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09:31 EDTDDD3D Systems to acquire Phenix Systems
3D Systems announced that it has signed agreements to acquire approximately 80% of Phenix Systems based in Riom, France. Phenix Systems designs, manufactures and sells proprietary Direct Metal 3D Printers that can print chemically pure fully dense metal and ceramic parts from very fine powders with the granularity of 6-9 microns. This acquisition is expected to close in July. After closing conditions are met and the acquisition closes, 3D Systems intends to launch a take-over bid on the remaining 20% of the shares of Phenix Systems, listed on the French stock market, followed by a squeeze-out procedure should it reach 95% of the shares or voting rights of Phenix Systems, during the second half of 2013. The maximum price payable by 3D Systems for the 80% block is EUR 13 per share.
June 11, 2013
16:21 EDTQCOROn The Fly: Closing Wrap
Stocks on Wall Street were lower after the Bank of Japan's decision to hold off on any further stimulus measures raised investor concern. The averages recovered much of their early losses in the morning, sitting just below the flat line near noon, but the selling intensified during the second half of the session, with the market trending lower into the close. ECONOMIC EVENTS: In the U.S., NFIB's small business optimism index rose to 94.4 in May from a prior 92.1 reading. Wholesale inventories rose 0.2% in April, matching expectations, and wholesale trade rose 0.5% from the prior month, versus expectations for a 0.1% slide. The Job Openings & Labor Turnover report for April showed openings fell 3% to a seasonally adjusted 3.75M, while hiring jumped nearly 5% to 4.4M. In Asia, the Bank of Japan refrained from changing its policies following recent volatility in its stock and bond markets. The dollar weakened considerably against the Yen, losing more than 2% to trade near the Y96 level. COMPANY NEWS: Sprint (S) shares jumped 17c, or 2.37%, to $7.35 after Japan's Softbank (SFTBF) increased its offer to acquire the telecom company in the face of a potential rival bid from DISH Network (DISH). MAJOR MOVERS: Among notable gainers was Questcor (QCOR), up $5.47, or 14.9%, to $42.18 after the company acquired the right to develop Synacthen from Novartis (NVS). Also higher was Catamaran (CTRX), up $5.33, or 10.95%, to $53.99 after the company struck a ten-year strategic pharmacy benefits agreement with Cigna (CI) and its stock received upgrades from at least three firms. Among noteworthy losers was lululemon (LULU), down $14.43, or 17.54%, to $67.85 after its CEO announced plans to step down and the stock was downgraded at Sterne Agee and UBS. Also lower was GenMark Diagnostics (GNMK) which lost $1.96, or 12.95%, to $13.17, after Natural Molecular Testing launched a cardiac testing panel using technology from GenMark's competitor Luminex (LMNX). INDICES: The Dow was down 116.57, or 0.76%, to 15,122.02; the Nasdaq was down 36.82, or 1.06%, to 3,436.95; and the S&P 500 was down 16.68, or 1.02%, to 1,626.13.
12:59 EDTQCORQuestcor price target raised to $54 from $35 at Ladenburg
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