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Stock Market & Financial Investment News

News Breaks
August 15, 2014
12:39 EDTTASR, KO, AOL, ACHN, MNST, JWN, GOOG, VRNG, JCPOn The Fly: Midday Wrap
Stocks on Wall Street began the session in positive territory despite some soft economic data points, including a weaker than expected report on manufacturing in the New York area and a lower than expected consumer confidence reading. The market drifted higher after the bell, but lost all momentum when reports surfaced that the Ukraine army fired on a Russian convoy that crossed the border. The equity averages quickly fell, while oil prices rose and gold recouped some of its early losses. ECONOMIC EVENTS: The NY Fed's Empire manufacturing survey had a reading of 14.69, versus expectations for a 20.0 reading. The Producer Price Index increased 0.1% overall, matching expectations. The core reading was up 0.2%, which was also in-line with the consensus forecast. Industrial production increased 0.4% in July, beating the consensus 0.2% growth forecast. That nudged up capacity utilization to 79.2%, versus 79.1% previously. The first University of Michigan consumer confidence reading for August fell 2.6 points to 79.2, versus expectations for it to have edged up to 82.0. Treasury international capital data showed foreigners dumped $153.5B in total U.S. assets in July after buying a revised $33.1B in June. COMPANY NEWS: Shares of beverage company Monster Beverage (MNST) surged 27% higher after Coca-Cola (KO) took a 16.7% stake in the energy drink maker and the companies announced a long-term strategic partnership and asset swap. Coca-Cola will pay $2.15B for a 16.7% stake in Monster Beverage, the companies announced last night. Under the terms of their agreement, Coca-Cola will add two directors to Monster's board. Coke will transfer ownership of its worldwide energy business including brands like NOS, Full Throttle, Burn, Mother, Play and Power Play, and Relentless to Monster. Monster will transfer its non-energy business. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 11% after the company announced interim results from an ongoing Phase 2 proxy study of a potential chronic hepatitis C virus regimen that analysts at Piper Jaffray called "impressive." Also higher was Taser (TASR), which gained 8% after Craig-Hallum said in a note to investors that its checks indicate Taser's AXON on-officer body cam will be rolled out to 16K London Met police officers over the next two years. Among the noteworthy losers was Vringo (VRNG), which plunged 75% after confirming that an appeals court reversed a jury's verdict and held that the asserted claims of the patents-in-suit in the company's wholly-owned subsidiary I/P Engine's litigation against Google (GOOG), AOL (AOL) and others are invalid. Also lower following their earnings reports were two department store operators: J.C. Penney (JCP), which fell nearly 4%, and Nordstrom (JWN), which dropped more than 4%. INDEXES: Near midday, the Dow was down 86.25, or 0.52%, to 16,627.33, the Nasdaq was down 11.44, or 0.26%, to 4,441.56, and the S&P 500 was down 6.54, or 0.33%, to 1,948.64.
News For MNST;KO;VRNG;ACHN;TASR;GOOG;AOL;JCP;JWN From The Last 14 Days
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February 1, 2016
06:14 EDTGOOGGoogle tests solar-powered internet drones, Guardian reports
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06:14 EDTMNSTMonster Beverage upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Bonnie Herzog upgraded Monster Beverage to Outperform saying the recent pullback in the shares provides a "compelling" entry point. The analyst points out her firm's recent beverage survey indicates Monster's U.S. distribution issues have largely been resolved and that the company's earnings are poised to reaccelerate in 2016 and beyond. Herzog raised her price target for Monster shares to $159-$161 from $139-$141. The energy drink maker closed Friday down $2.17 to $135.03 after Citron Research posted a cautious report on the company.
January 31, 2016
20:43 EDTKOOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
19:15 EDTGOOGGoogle adds dedicated VR design team, Re/code says
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15:06 EDTKOCoca-Cola makes strategic investment in Chi, plans full ownership within 3 years
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14:12 EDTGOOGApple should avoid 'dubious' M&A, focus on cloud, AI development, Barron's says
"Impatient" investors encouraging Apple (AAPL) to become a mere dividend payer or make "dubious" acquisitions are not making much sense, Barron's contends in its 'Technology Trader' column. Apple continues to innovate and its iPhone franchise "will endure," though the one area where Apple lags behind peers and "can and should" make progress is cloud computing, according to the publication. Alphabet (GOOG), Facebook (FB) and Microsoft (MSFT) are making large strides in cloud and artificial intelligence, but the company still has "plenty of opportunity" to catch up given its product install base, Barron's says. Reference Link
January 29, 2016
15:55 EDTGOOGAlphabet February weekly 740 straddle priced for 6.7% movement into Q4
12:50 EDTMNSTOptions with increasing put volume
Options with increasing put volume: MNST STLD LC LPX DRII MEOH STMP VMW XRX XLP
12:45 EDTMNSTMonster Beverage puts active on Citron sees shares hitting $80 in near term
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12:24 EDTMNSTCitron sees Monster Beverage shares hitting $80 in near term
Shares of Monster Beverage (MNST) are likely to hit $80 in the near term, Citron Research writes in a new research report on the energy drink maker. The short-selling research firm says valuing Monster versus Dr Pepper Snapple (DPS) results in 48% downside for the stock. "For the sake of the benefit of the doubt we used the post GMCR takeout value as a benchmark to get to $80 a share for Monster," Citron states. Monster shares are down $7.15, or 5%, to $130.05 in midday trading. Reference Link
12:18 EDTMNSTCitron puts $80 price target on Monster Beverage
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11:14 EDTMNSTLatvia to ban energy drink sales to minors, Nutra Ingredients reports
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11:12 EDTMNSTMonster Beverage weakness an overrreaction, says Stifel
Stifel said Monster is underperforming on concerns that a ban on energy drink sales to those under 18 years of age in Latvia could spread to other countries. Stifel said the concerns are a considerable overreaction, creating a buying opportunity. The firm's analyst said Latvia is barely a rounding error of the global energy drink market, and likely less than 0.1% of Monster's sales.
10:16 EDTMNSTOptions with increasing implied volatility: WMB W CERS RAD CRM GILD MNST
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10:05 EDTJCPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Atlassian (TEAM) upgraded on positive outlook at JMP Securities... BRF S.A. (BRFS) upgraded to Buy from Hold at Deutsche Bank... Bank of America (BAC) upgraded to Outperform from Sell at CLSA... CEMEX (CX) upgraded to Buy from Hold at Jefferies... Chemical Financial (CHFC) upgraded to Outperform from Market Perform at Fig Partners... Computer Programs (CPSI) upgraded to Buy from Hold at Topeka... DST Systems (DST) upgraded to Outperform at Baird... Diamond Offshore (DO) upgraded to Neutral from Sell at Citi... First Cash Financial (FCFS) upgraded to Buy from Neutral at Janney Capital... First Merchants (FRME) upgraded to Overweight from Equal Weight at Stephens... Flex (FLEX) upgraded on solid results at Stifel... Intercept (ICPT) upgraded to Equal Weight from Underweight at Morgan Stanley... J.C. Penney (JCP) upgraded to Neutral from Underperform at Credit Suisse... JetBlue (JBLU) upgraded to Buy from Hold at Evercore ISI... Juniper (JNPR) upgraded to Outperform from Market Perform at Bernstein... Live Oak Bancshares (LOB) upgraded to Buy from Neutral at SunTrust... Microsemi (MSCC) upgraded to Outperform from Market Perform at Wells Fargo... NetSuite (N) upgraded to Buy from Hold at Canaccord... NextEra Energy (NEE) upgraded to Outperform at Baird... Oshkosh (OSK) upgraded to Buy from Neutral at SunTrust... PC Connection (PCCC) upgraded to Market Perform from Underperform at Raymond James... Pinnacle Financial (PNFP) upgraded to Overweight from Equal Weight at Stephens... Potash (POT) upgraded to Outperform from Sector Perform at Scotiabank... Rayonier (RYN) upgraded on valuation at BMO Capital... SanDisk (SNDK) upgraded to Buy from Hold at Needham... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... Sotherly Hotels (SOHO) upgraded to Buy from Neutral at Janney Capital... Textura (TXTR) upgraded to Outperform from Market Perform at Northland... Valley National (VLY) upgraded to Buy from Hold at Sandler O'Neill.
09:34 EDTACHNAchillion downgraded to Market Perform from Outperform at Leerink
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09:21 EDTJCPOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Gigamon (GIMO), up 17.7%... Fortinet (FTNT), up 10%... Flextronics (FLEX), up 10%... Skyworks (SWKS), up 5.7%... Seagate Technology (STX), up 4.9%.. Microsoft (MSFT), up 4.6%. ALSO HIGHER: Inovio Pharmaceuticals (INO), up 8.1% after CEO says Zika vaccine could enter human testing this year... J.C. Penney (JCP), up 2.1% after being upgraded to Neutral from Underperform at Credit Suisse... BRF S.A. (BRFS), up 3.1% after being upgraded to Buy from Hold at Deutsche Bank... Axiall (AXLL), up 83.4% after rejecting $20 per share acquisition proposal from Westlake Chemical (WLK)... Energous (WATT), up 12% after Bloomberg reported that Apple (AAPL) is working with partners in the U.S. and Asia to develop new wireless charging technology. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 10.1%... Electronic Arts (EA), down 6.2%... AbbVie (ABBV), down 4%... American Airlines (AAL), down 1.3%. ALSO LOWER: Gilead Sciences (GILD), down 5.5% after CEO John Martin to assume role of executive chairman and COO John Milligan will be promoted to CEO.
08:13 EDTGOOGAlphabet volatility elevated into Q4 and outlook
Alphabet February weekly call option implied volatility is at 60, February is at 42, March is at 33; compared to its 52-week range of 16 to 42, suggesting large near term price movement into the expected release of Q4 results on February 1.
06:40 EDTJCPJ.C. Penney upgraded to Neutral from Underperform at Credit Suisse
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06:29 EDTGOOGOptions expected to be active: AMZN EA MSFT EWJ FLEX SWKS GOOG GOOGL FB
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