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April 4, 2014
16:30 EDTAPC, FB, HALO, SNX, AMZN, SYMC, GRUB, NFLXOn 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.
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November 17, 2015
17:04 EDTHALOHalozyme to expand with satellite office in San Francisco
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16:01 EDTAMZN, NFLX, FBOptions Update; November 17, 2015
iPath S&P 500 VIX Short-Term Futures up 1.32 to 21.07. Option volume leaders: GE BAC AAPL FB NFLX SYF WMT CSCO MU SUNE VRX BABA AMZN HD FCX
11:35 EDTSYMCFinancing backing Carlyle's purchase of Symantec's Veritas pulled, Reuters says
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11:24 EDTAMZNStocks with call strike movement; AAL AMZN
American Airlines (AAL) February 50 call option implied volatility increased 2% to 34, (AMZN) April 760 call option implied volatility increased 1% to 32 according to iVolatility.
10:56 EDTNFLXStocks with call strike movement; BABA NFLX
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10:55 EDTNFLXNetflix management to meet with Sterne Agee CRT
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09:35 EDTFBActive equity options trading on open: AAPL FB GE HD
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08:38 EDTAPCApache assets do not warrant a premium, says Canaccord
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08:10 EDTAPCMitsubishi UFJ to hold a conference
Oil & Gas Conference is being held in New York on November 17.
November 16, 2015
17:10 EDTAMZNSoros took stake in Paypal, liquidated Herbalife stake
Soros Fund Management gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Paypal (PYPL), CIT Group (CIT), Schlumberger (SLB), Kraft Heinz (KHC), and Amazon (AMZN). INCREASED STAKES: Allergan (AGN), Lions Gate (LGF), Energen (EGN), Southwest Airlines (LUV), and Qunar Cayman Islands (QUNR). DECREASED STAKES: LyondellBasell (LYB), YPF (YPF), Time Warner Cable (TWC), Dow Chemical (DOW), and Monsanto (MON). LIQUIDATED STAKES: Herbalife (HLF), Lennar (LEN), DR Horton (DHI), United Continental (UAL), and Nice Systems (NICE).
17:02 EDTAMZN, NFLXPoint72 added to lululemon position, subtracted from Netflix position
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16:00 EDTNFLX, FB, AMZNOptions Update; November 16, 2015
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10:37 underperforms, heads sharply lower
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09:59 EDTFBOmega bought Valeant in Q3, sold some SuneEdison
Leon Cooperman's Omega Advisors gave a quarterly update on its stakes in a filing this morning, disclosing its positions as of September 30. NEW STAKES: Pfizer (PFE), Valeant (VRX) Walgreens Boots Alliance (WBA), TerraForm Global (GLBL), Cigna (CI). INCREASED STAKES: Google Class A (GOOGL), Facebook (FB), Delta Air Lines (DAL). DECREASED STAKES: SunEdison (SUNE), Shire (SHPG), Citi (C), KAR Auction (KAR), LyondellBasell (LYB). LIQUIDATED STAKES: McKesson (MCK), 21st Century Fox (FOXA), General Motors (GM), QEP Resources (QEP), eBay (EBAY).
09:37 EDTAMZN, NFLX, FBActive equity options trading on open
Active equity options trading on open: AAPL FB ORCL BAC SUNE FDX FCX EXPE NFLX MU AMZN INTC TSLA
09:33 EDTAMZNeBay second week of November SSS up 0.4%, ChannelAdvisor says
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08:44 EDTAMZNGerman watchdog launches probe into Apple, Amazon audio books pact, Reuters says
Germany's Federal Cartel Office has initiated a probe into Apple's (AAPL) arrangement with Amazon (AMZN) for buying audiobooks, Reuters reports. The watchdog said that both companies had a long-term agreement for the purchase of audio books by Apple from Amazon via Apple's iTunes, the report says. Reference Link
07:42 EDTAPCAnadarko named a Top Pick at Cowen
Cowen moved Anadarko (APC) to a Top Pick, citing valuation and the company's ability to execute large, complex mergers. Cowen noted Anadarko approached Apache (APA) and declined when the deal did not happen, but the firm sees material upside for Anadarko shares. Cowen reiterated its Outperform rating and $87 price target on Anadarko.
06:19 EDTNFLXTV programmers negotiate promotional deals with Netflix, WSJ says
Television programmers are negotiating with Netflix (NFLX) over promotional content and branding opportunities, the Wall Street Journal reports. For example, Disney's (DIS) ABC negotiated a deal where Netflix subscribers watching the ABC program "How to Get Away with Murder" will first watch a four second shot of star Viola Davis alongside an ABC logo right before watching the show, the report says. Reference Link
November 15, 2015
17:54 EDTFBFacebook to expand use of 'Safety Check' feature in wake of Paris attacks
Facebook announced it will be expanding its use of "Safety Check," a feature allowing users of the social network who live in endangered areas of the world to let friends and family know they are safe. Traditionally limited to natural disasters, the policy change has been made in the wake of the terrorist attacks on Paris, France, during which the company turned on Safety Check for affected users. The move spurred both praise for quick action and criticism for not using the feature during other serious events such as Thursday's tragedy in Beirut, prompting Facebook to reconsider its use of the service. "Each time we have launched the tool, we've improved it... We are learning to make the tool and policies behind it better as we go -- and because Safety Check is a relatively new feature for us, we're still understanding how it can best be used... We talked with our employees on the ground, who felt that there was still a need that we could fill. So we made the decision to try something we've never done before: activating Safety Check for something other than a natural disaster... We want this tool to be available whenever and wherever it can help," explained the company.
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