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Stock Market & Financial Investment News

News Breaks
April 4, 2014
16:30 EDTHALO, SNX, AMZN, SYMC, GRUB, NFLX, APC, FBOn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower, with the Nasdaq leading the way lower, losing more than 2.5% as a number of momentum stocks in the technology and biotech space continued to see losses as they have over much of the last month of trade. After a quiet open to the session following a slightly better-than-expected U.S. jobs report, selling took hold and did not relent, as the averages finished the session just off their worst levels. ECONOMIC EVENTS: In the U.S., the Department of Labor's monthly jobs report showed nonfarm payrolls increased 192K in March, versus the consensus forecast for 200K job additions. Notably, February's job gain was revised up to 197K from the prior estimate of 175K and January war revised up to 144K from 129K. The unemployment rate in March was steady at 6.7%. COMPANY NEWS: A number of tech names that had been leaders during 2013's rally continued to face selling pressure, as they have for much of the last month or so of trade. Streaming internet video service Netflix (NFLX), which gained more than 300% in 2013, fell $17.38, or 4.90%, to $337.31. Other tech leaders, including Amazon (AMZN), down $10.62, or 3.18%, to $323.00, and Facebook (FB), down $2.74, or 4.61%, to $56.75 also lost ground, with both stock's now down more than 20% from their best levels reached earlier this year... Four new stocks made their debuts on the New York Stock Exchange and Nasdaq this morning, highlighted by the initial public offering of food delivery service GrubHub (GRUB), which gained $8.00, or 30.77%, to close at $34.00 in its first day of trade. MAJOR MOVERS: Among the notable gainers was SYNNEX (SNX), up $14.52, or 23.26%, to $76.94 after the company's first quarter results and second quarter outlook topped analysts' consensus estimates. Also higher was Anadarko Petroleum (APC), up $2.03, or 2.05%, to $101.05 to add to yesterday's gain after finalizing a settlement related to its case with Tronox (TROX). A number of analyst firms were positive on shares following the settlement, with no fewer than four firms raising their price targets while analysts at JPMorgan upgraded the stock to Overweight from Underweight. Also higher was Symantec (SYMC), up 22c, or 1.10%, to $20.25 after a report from Reuters said the company has been seeking advice from investment banks as it prepares to defend itself against potential involvement from activist investors. Also lower was Halozyme (HALO), down $3.16, or 27.26%, to $8.43 after an independent committee recommended it temporarily halt patient enrollment and dosing of a Phase 2 trial evaluating a drug in patients with pancreatic cancer. INDEXES: The Dow was down 159.84, or 0.96%, to 16,412.71; the S&P 500 was down 23.68, or 1.25%, to 1,865.09; the Nasdaq was down 110.02, or 2.60%, to 4,127.73.
News For NFLX;AMZN;FB;GRUB;SNX;APC;SYMC;HALO From The Last 14 Days
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April 9, 2015
06:03 EDTAMZNAmazon.com announced that Prime Now launches in Austin
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05:56 EDTAMZNAmazon, Flipkart eye 49% stake in FSCS, Times of India reports
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April 8, 2015
17:30 EDTAPCAnadarko initiated with an Outperform at BMO Capital
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16:01 EDTAMZNActionable Options for Wednesday, April, 8
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14:57 EDTNFLXNetflix April volatility into Q1 and outlook
Netflix April weekly call option implied volatility is at 26, April is at 78, May is at 49; compared to its 26-week average of 36 according to Track Data, suggesting larger price movement into the expected release of Q1 results on April 15.
14:50 EDTNFLXGoogle plans ad-free YouTube subscription service, Bloomberg says
Google (GOOG) is planning to launch a YouTube subscription service as early as this year, reports Bloomberg, citing a person with knowledge of the matter and a YouTube letter sent to certain content creators on the site. The new paid version of the site will be free of ads and may include a type of offline access to YouTube. Bloomberg notes that the move will put the streaming site into closer competition with Netflix (NFLX), Time Warner's (TWX) HBO Now, and similar paid streaming services. Reference Link
12:36 EDTFBGoogle, Facebook not discussing Twitter buyout, Re/code reports
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11:08 EDTSYMCCybersecurity stocks in focus after White House security breach
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09:36 EDTSYMCSingtel acquires cybersecurity company Trustwave for $810M
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09:35 EDTNFLXActive equity options trading on open
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09:18 EDTHALOHalozyme to proceed with Phase 3 study of pancreatic cancer candidate
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08:42 EDTFBLivePerson should benefit from Facebook move, says Roth Capital
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06:02 EDTAMZNGoogle plans service to connect users with home-service providers, BuzzFeed says
Google (GOOG) is planning a service to connect users with plumbers, electricians, roofers and other home-service providers, BuzzFeed reported yesterday, citing sources close tot he company. The new service is expected to be announced at an advertising conference later this spring. Amazon (AMZN) last week launched its new Home Services site. Reference Link
05:55 EDTAMZNStocks with implied volatility above IV index mean; LNKD AMZN
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April 7, 2015
16:00 EDTFBOptions Update; April 7, 2015
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15:08 EDTNFLXArrested Development producer says 17 new episodes to be produced
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09:35 EDTNFLX, AMZNActive equity options trading on open
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08:35 EDTGRUBGrubHub addressable market could double, says William Blair
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07:09 EDTAMZNAmazon licenses technology from Crytek, sources say, Kotaku reports
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06:00 EDTFBTurkey restores access to YouTube, Twitter, Facebook, FT reports
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