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Stock Market & Financial Investment News

News Breaks
March 12, 2013
11:13 EDTNAV, TPX, ZQK, QIHU, ANNOptions with decreasing implied volatility: NAV TPX ZQK QIHU ANN
News For NAV;TPX;ZQK;QIHU;ANN From The Last 14 Days
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October 31, 2014
16:14 EDTTPXOn The Fly: Closing Wrap
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10:51 EDTTPXHigh option volume stocks
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08:34 EDTTPXTempur Sealy shares should be bought on major weakness, says Stifel
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October 30, 2014
18:39 EDTTPXOn The Fly: After Hours Movers
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16:37 EDTTPXTempur Sealy sees 2014 adjusted EPS $2.60-$2.70, consensus $2.73
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16:36 EDTTPXTempur Sealy reports Q3 adjusted EPS 88c, consensus 89c
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15:30 EDTTPXNotable companies reporting after market close
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10:52 EDTQIHUBaidu rises after profits beat expectations
Chinese Internet search engine Baidu (BIDU) is climbing after the company reported higher than expected profits and in-line revenue. WHAT'S NEW: Baidu reported third quarter earnings per share, excluding certain items, of $1.90, versus analysts' consensus outlook of $1.69. The company's revenue came in at $2.2B, in-line with the consensus outlook. Baidu provided Q4 revenue guidance of $2.26B-$2.32B, versus the consensus outlook of $2.3B. Last quarter, Baidu had more traffic from mobile devices than PCs, and mobile traffic generated 36% of its revenue, the company noted. "In the third quarter, our investments in mobile continued to pay off as mobile proved once again to be a strong driver of topline growth," said Baidu CFO Jennifer Li. ANALYST REACTION: Baidu's investment in mobile is starting to pay off, agreed Piper Jaffray analyst Gene Munster in a note to investors today. Additionally, the impact to Baidu from its investments in mobile appear not to have been as drastic as previously thought, and the company remains "essentially unchallenged" in the Chinese search market, wrote the analyst. He raised his price target on the shares to $267 from $222 and kept an Overweight rating on the stock. Meanwhile, research firm Stifel Nicolaus reported that the company's gross margin was about 1.5 percentage points ahead of expectations in Q3. Baidu is on track to generate about 65% of its queries from mobile devices in a year, at which point it may significantly increase the prices it charges for mobile search ads, the firm stated, adding that the company's innovation in mobile has been strong. Stifel has a $250 price target and Buy rating on the shares. PRICE ACTION: In mid-morning trading, Baidu rose 4% to $224. Other Chinese Internet names also rose, with Weibo (WB) adding 1% to $18, Renren (RENN) rising 1% to $3.45, Sohu.com (SOHU) gaining 1.5% to $44, and Qihoo 360 (QIHU) adding 0.5% to $68.50.
October 28, 2014
09:15 EDTQIHUQihoo 360 named a long Research Tactical Idea at Morgan Stanley
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08:16 EDTQIHUQihoo rumored to launch premium video site with Enlight, Marbridge Daily says
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October 24, 2014
10:03 EDTTPXOn The Fly: Analyst Initiation Summary
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05:27 EDTTPXTempur Sealy initiated with an Equal Weight at Barclays
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