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Stock Market & Financial Investment News

News Breaks
July 1, 2014
17:05 EDTNFLX, TWTR, GPRO, RGEN, AYI, SNY, GEVAOn The Fly: Closing Wrap
Stocks on Wall Street were higher but the Dow will need to wait at least one more session before eclipsing 17,000 for the first time. The bluechip average, along with the S&P 500 and the Nasdaq, began the trading day in positive territory and remained there for the entire session. Following manufacturing reports from around the globe that were released today, investors will now be keying in on the week's big economic event, which is the U.S. monthly nonfarm payrolls report due Thursday. ECONOMIC EVENTS: In the U.S., Markit's manufacturing purchasing managers' index for June had a final reading of 57.3, which was a hair below the 57.5 flash estimate but up from May's 56.4 reading. ISM's manufacturing index slipped very slightly to 55.3 in June from May's 55.4 figure. Construction spending increased 0.1% in May, missing the forecast for 0.5% growth. In China, HSBC's PMI reading came in at 50.7, which was a bit below the flash reading but above the 50 mark that indicates expansion for the first time since December. In Europe, Markit's final eurozone manufacturing PMI for June came in at 51.8, which was down from 52.2 in the prior month and below the earlier flash estimate of 51.9, but still indicated expansion in the sector. COMPANY NEWS: Shares of Netflix (NFLX) climbed $32.50, or 7.38%, to $473.10 after Goldman Sachs upgraded the stock in a note to investors earlier today, predicting that Netflix's total worldwide market will more than double over the next three years and its subscriber growth will continue to exceed expectations... Twitter (TWTR) rose $1.08, or 2.64%, to $42.05 after hiring Anthony Noto as its new Chief Financial Officer. Noto served as a Managing Director in the Technology, Media and Telecom group at Goldman Sachs (GS), which had handled the social network's IPO, and prior to that had served as the CFO of the National Football League. MAJOR MOVERS: Among the notable gainers was GoPro (GPRO), which rose another $8.25, or 20.35%, to $48.80 in its fourth trading session since its IPO last Thursday. The action camera maker has advanced an incredible 66.78% since its IPO priced at $24.00 per share. Also higher was Regeneron (REGN), which advanced $20.92, or 7.41%, to $303.39 after Sanofi (SNY) disclosed in a regulatory filing that it plans to increase its beneficial ownership stake in its smaller pharmaceutical industry peer to 22.5% from 20.5%. Among the noteworthy losers was lighting solutions maker Acuity Brands (AYI), which fell $20.63, or 14.92%, to $117.62 after its sales and profits missed expectations. Also lower were shares of Synageva BioPharma (GEVA), which tumbled $14.35, or 13.69%, to $90.45 after the company reported that its sebelipase alfa drug had met its primary endpoint in a trial, but two research firms were lukewarm about the stock's outlook. INDEXES: The Dow was up 129.47, or 0.77%, to 16,956.07, the Nasdaq was up 50.47, or 1.14%, to 4,458.65, and the S&P 500 was up 13.09, or 0.67%, to 1,973.32.
News For NFLX;TWTR;GPRO;RGEN;AYI;SNY;GEVA From The Last 14 Days
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October 10, 2014
16:02 EDTTWTR, NFLXActionable Options for Friday, October, 10
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11:45 EDTTWTR, GPROStocks with call strike movement; TWTR GPRO
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11:23 EDTTWTRTwitter falls after bounce attempt, levels to watch
The stock is heading lower after a bounce attempt off the session low at $51 failed to hold. At the current price of $52.26, next support is at the low of the day. Resistance is at $52.77, the peak price of the recent bounce.
10:39 EDTGPROGoPro tumbles, levels to watch
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09:38 EDTTWTRActive equity options trading on open
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06:39 EDTNFLXNetflix spends $150M annually on content recommendations, Gigaom reports
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October 9, 2014
16:25 EDTGPROSilicon Valley Community Foundation reports 22.1% stake in GoPro
Silicon Valley Community Foundation received a donation of 5.82M shares of the Class A Common Stock as a gift from Nicholas Woodman and Jill R. Woodman, as Co-Trustees of The Woodman Family Trust under Trust Agreement dated March 11, 2011 for no consideration. The Foundation received the shares as a donation. The Foundation does not intend to sell any shares during the remainder of 2014. The Foundation anticipates selling a portion of the shares in 2015 and afterwards, but have not yet determined the quantity of shares to be sold or the time period in which such sales will occur.
16:00 EDTNFLX, TWTROptions Update; October 9, 2014
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14:32 EDTNFLXIcahn says never discussed Netflix with Tim Cook
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14:23 EDTGPROCitron sees GoPro shares going to $20 in 12 months
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13:19 EDTGPROGoPro falls to session lows, levels to watch
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13:16 EDTTWTRTwitter November volatility elevated
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12:56 EDTGPROGoPro October volatility increases
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12:37 EDTNFLXBrett Icahn says Netflix is 30% position at Sargon
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12:35 EDTNFLXBrett Icahn says still owns shares of Netflix
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10:00 EDTAYIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Acuity Brands (AYI) upgraded at Oppenheimer... Agnico-Eagle (AEM) upgraded to Buy from Hold at Desjardins... Apple (AAPL) upgraded to Outperform from Perform at Oppenheimer... Bank of Montreal (BMO) upgraded to Buy from Hold at Canaccord... Basic Energy (BAS) upgraded to Hold from Underperform at Jefferies... BreitBurn Energy (BBEP) upgraded to Outperform from Perform at Oppenheimer... Golden Minerals (AUMN) upgraded at Roth Capital... Helmerich & Payne (HP) upgraded to Buy from Hold at Jefferies... II-VI (IIVI) upgraded to Buy from Neutral at DA Davidson... LivePerson (LPSN) upgraded at Credit Suisse... Luminex (LMNX) upgraded to Market Perform at Cowen... MGM Resorts (MGM) upgraded at Craig-Hallum... New Gold (NGD) upgraded to Buy from Hold at Desjardins... New Source Energy (NSLP) upgraded to Outperform from Perform at Oppenheimer... Pacific Coast Oil (ROYT) upgraded to Buy from Hold at Stifel... Pioneer Energy (PES) upgraded to Buy from Hold at Jefferies... Precision Drilling (PDS) upgraded to Strong Buy from Outperform at Raymond James... Randgold (GOLD) upgraded to Overweight from Neutral at HSBC... Resource Capital (RSO) upgraded to Buy from Hold at MLV & Co.... Toyota (TM) upgraded to Buy from Neutral at BofA/Merrill... Transocean (RIG) upgraded to Outperform from Sector Perform at Iberia... Universal Technical (UTI) upgraded to Outperform from Market Perform at Wells Fargo... Vulcan Materials (VMC) upgraded to Buy from Neutral at Longbow.
09:38 EDTTWTR, NFLXActive equity options trading on open
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09:13 EDTGPROGoPro Q3 appears in-line, Q4 has potential upside, says Cleveland Research
Cleveland Research said Q3 demand appears in-line and initial Q4 work indicates potential Q4 upside to the firm's estimates. The analyst's work suggests growth in unit volumes, potential margin leverage, and improving mix. Additionally, Cleveland believes expanded in-store presence is limiting competitive impact. Shares are Buy rated.
07:25 EDTAYIAcuity Brands upgraded at Oppenheimer
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06:34 EDTAYIAcuity Brands upgraded to Outperform from Perform at Oppenheimer
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