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Stock Market & Financial Investment News

News Breaks
March 24, 2014
09:14 EDTICLD, NTAP, NUS, YELP, LGF, SOL, SSYS, HLFOn The Fly: Pre-market Mover
HIGHER: Herbalife (HLF), up 7% after agreeing to nominate three additional Icahn designees to board... Nu Skin (NUS), up 33% after the company's China business is penalized only $524K for direct sales of certain products... Lionsgate (LGF), up 6.6% after "Divergent" tops box office with $56M domestic opening weekend... Renesola (SOL), up 10% after earnings report... Stratasys (SSYS), up 3% after upgraded at JPMorgan... Yelp (YELP), up 3.3% following upgrade at JMP Securities... Intercloud Systems (ICLD), up 9% after agreeing to acquire VaultLogix. LOWER: NetApp (NTAP), down 3% after shares downgraded to Underweight at Morgan Stanley.
News For NUS;HLF;LGF;NTAP;SSYS;YELP;ICLD;SOL From The Last 14 Days
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February 5, 2016
08:59 EDTLGFLionsgate hits new 52-week low after earnings miss estimates
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08:14 EDTYELPYelp volatility elevated into Q4 and outlook
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February 4, 2016
16:08 EDTLGFLionsgate down 5.7% after reporting Q3 results
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16:06 EDTLGFLionsgate CEO sees strong, sustainable financial trajectory in FY17
"While the performance of our theatrical film slate resulted in softer than anticipated results, our other businesses performed strongly in the quarter," said Lionsgate CEO Jon Feltheimer. "With our television business continuing its robust topline and margin growth, a deeper and more diversified film slate with lower costs and contributions anticipated from recently launched businesses, we have a clear path to resume our strong and sustainable financial trajectory in FY17."
16:02 EDTLGFLionsgate: Q3 revenue, EPS declined due to performance of theatrical film slate
Revenue, adjusted EBITDA and EPS in Q3 declined from the prior year quarter due to the performance of the theatrical film slate. Although The Hunger Games: Mockingjay 2 grossed over $650M at the global box office, ranking it among the highest-grossing films of the year, its box office performance declined from Mockingjay 1 with higher Mockingjay 2 production costs also impacting its profitability.
16:01 EDTLGFLionsgate reports Q3 adjusted EPS 45c, consensus 49c
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14:35 EDTLGFNotable companies reporting after market close
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12:01 EDTLGFLionsgate acquires rights to Magic Tree House book series
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10:25 EDTNTAP$25B cloud boost seen coming for Amazon, Microsoft, Google
Amazon (AMZN), Microsoft (MSFT) and Alphabet (GOOGL, GOOG) are all poised to get huge boosts from their cloud businesses over the next three years, research firm Pacific Crest wrote in a note to investors today. The combined revenue from their cloud initiatives should surge $25B over the next three years as companies move more workloads to the cloud from legacy IT systems, the firm believes. NEXT MAJOR CLOUD CYCLE: The revenue of Amazon's cloud business, AWS, could triple to $25B by 2018, according to Pacific Crest analyst Evan Wilson. Moreover, by 2018, AWS could account for 14% of the company's revenue and over 50% of its profits, up from 7% and 41%, respectively, today, the analyst predicts. Meanwhile, within three years, Microsoft's revenue from its commercial cloud business could jump 50% to $25B, the analyst stated. By 2018, the business could account for almost 25% of the tech giant's revenue and 15% of its profits, up from 15% of its revenue and very little of its profit today, the analyst added. Google's revenue from infrastructure as a service, a form of cloud computing, can surge 500% over the next three years to about $4.5B, Wilson believes. Additionally, noting that AWS' incremental operating margin came in at 51.9% last quarter, Wilson believes that investors are underestimating the profitability of cloud businesses. The analyst maintained an $800 price target and Overweight rating on Amazon, a $65 price target and Overweight rating on Microsoft, and a $910 price target and Overweight rating on Alphabet. WHAT'S NOTABLE: Intel (INTC), along with hard disk drive maker Western Digital (WDC) and Arista Networks (ANET), which supplies cloud networking solutions, should all benefit from the tremendous growth in demand for cloud platforms, Wilson believes. He kept Overweight ratings on all three of the latter stocks. Conversely, Wilson identifies EMC (EMC), HP Enterprise (HPE) and NetApp (NTAP) as "cloud share donors" and keeps Sector Weight ratings on their shares. PRICE ACTION: In early trading, Amazon fell 1% to $525.80, Microsoft was flat near $52 per share and Alphabet Class A shares dropped 1.8% to $736.15.
09:30 EDTNTAPNetApp downgraded to Negative from Mixed at OTR Global
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February 3, 2016
18:53 EDTLGFLionsgate restarts talks to acquire Starz, Bloomberg says
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15:50 EDTLGFLionsgate restarts talks with Starz on possible acquisition, Bloomberg reports
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10:35 EDTYELPYelp losing traffic share, says B. Riley
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February 2, 2016
10:53 EDTSSYSStratasys, MakerBot announce sales partnership program
MakerBot and Stratasys announced a sales partnership program that allows both companies to extend the cross-selling of their products and opens the door for sales partners to offer MakerBot and Stratasys 3D Printers. MakerBot is also launching a training program to familiarize Stratasys resellers and distributors with MakerBot products so they are better positioned to consult customers on the full product portfolio.
08:06 EDTLGFLionsgate risk/reward attractive, says Bernstein
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February 1, 2016
12:42 EDTHLFHerbalife names John Agwunobi Chief Health and Nutrition Officer
Herbalife announces that John Agwunobi has joined the company as its Chief Health and Nutrition Officer. Most notably, from 2005-2007, he served as the Assistant Secretary of Health for the U.S. Department of Health and Human Services.
09:27 EDTHLFOn The Fly: Pre-market Movers
HIGHER: Alere (ALR), up 45.4% after announcing that Abbott (ABT) will acquire the company for $56 per share... Questar (STR), up 20.2% after announcing that Dominion (D) will acquire the company for $25 per share and assumed debt... Mast Therapeutics (MSTX), up 12.2% after the Phase 2a study of AIR001 met its primary endpoint... Twitter (TWTR), up 5.7% after The Information reported that Marc Andreessen and Silver Lake have considered a deal for Twitter... Herbalife (HLF), up 2.2% after the Wall Street Journal reported that probes into Bill Ackman's "pyramid scheme" accusations against Herbalife, as well as Herbalife's own accusations that Ackman sought to manipulate the company's stock, have both failed to uncover enough evidence to support criminal charges. LOWER: Dominion Resources, down 1.7% after reporting quarterly results and that it will acquire Questar... Abbott, down 4.1% after announcing that it will acquire Alere... GoPro (GPRO), down 4.4% after Piper Jaffray cut its price target to $7.50.
09:04 EDTHLFHerbalife moves higher in pre-market
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January 31, 2016
20:43 EDTHLFOn 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).
19:24 EDTHLFHerbalife, Ackman probes fail to find criminal evidence, WSJ says
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