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Stock Market & Financial Investment News

News Breaks
May 12, 2014
09:18 EDTP, HDY, BPI, NIHD, IRDM, ALNY, SRO, GOGO, HSH, PF, TWTR, CLBOn The Fly: Pre-market Movers
HIGHER: Pinnacle Foods (PF), up 18% after agreeing to be acquired by Hillshire Brands (HSH) for $6.6B. Hillshire Brands is down 1.5% after the news... TESARO (TSRO), up 20% after rolapitant Phase 3 trial meets primary, secondary endpoints... Alnylam (ALNY), up 7.7% after naming new program ALN-HBV to its pipeline. UP AFTER EARNINGS: Gogo (GOGO), up 8.6%. UP AFTER UPGRADES: Pandora (P), up 3.2% after upgraded at MKM Partners... Twitter (TWTR), up 3.1% following upgrade at SunTrust... Peabody (BTU), up 3.8% after upgraded at Morgan Stanley... Iridium (IRDM), up 4% following upgrade at Macquarie. DOWN AFTER EARNINGS: NII Holdings (NIHD), down 10%... Bridgepoint Education (BPI), down 12%... Hyperdynamics (HDY), down 11%. ALSO LOWER: Core Laboratories (CLB), down 12% after lowering earnings outlook.
News For P;TWTR;PF;HSH;GOGO;SRO;ALNY;IRDM;NIHD;BPI;HDY;CLB From The Last 14 Days
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October 15, 2014
07:07 EDTBPIFor profit education positive catalysts outweigh negative, says Wells Fargo
Wells Fargo expects for-profit education stocks to benefit from improved hiring trends and a sale by Corinthian of its assets that, according t othe firm ,would set a valuation floor for the sector. The firm continues to believe that the final gainful employment rule will be neutral to positive for the group. Wells favors the option value on the long side for the sector. Publicly traded companies in the space include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon (LOPE), ITT Educational (ESI) and Strayer (STRA).
October 14, 2014
16:00 EDTTWTROptions Update; October 14, 2014
iPath S&P 500 VIX Short-Term Futures down 40c to 39.11. Option volume leaders: AAPL TSLA TWTR AMZN GILD C JNJ AA NFLX PBR according to Track Data.
11:49 EDTTWTRStocks with call strike movement; TWTR DAL
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09:37 EDTTWTRActive equity options trading on open
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08:04 EDTALNYAlnylam presents new ALN-TTRsc Phase 1 trial data
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05:40 EDTALNYTekmira partner Alnylam reports positive clinical data for Patisiran study
Tekmira Pharmaceuticals (TKMR) reported that Alnylam Pharmaceuticals (ALNY) presented six-month clinical data for the ongoing Patisiran Phase II Open Label Extension, or OLE, study in patients with Familial Amyloidotic Polyneuropathy, or FAP. Patisiran is an RNAi therapeutic targeting transthyretin, or TTR, in development for the treatment of TTR-mediated amyloidosis, or ATTR, which is enabled by Tekmira's lipid nanoparticle, or LNP, technology. Alnylam presented data at the American Neurological Association's 2014 Annual Meeting. Results showed a mean 0.95 point decrease in modified Neuropathy Impairment Score at six months in 19 patients with mNIS+7 data available for the current analysis. This decrease in neuropathy progression compares favorably with the 7 to 10 point increase in mNIS+7 at six months that can be estimated from historical data sets in untreated FAP patients with similar baseline characteristics.
October 13, 2014
16:28 EDTALNYOn The Fly: Closing Wrap
Stocks on Wall Street spent most of today's quiet session see-sawing across the flat-line before dropping sharply in the final hour of trading and closing at their lows. The market opened in negative territory but soon made a move to the upside and appeared ready to break the recent market slide that has seen the S&P lose about 5% of its value. Before the averages gained significant steam, they reversed again and moved back into negative ground. The averages moved in a fairly narrow range for most of the afternoon, before accelerating to the downside with conviction in the final hour of trading. ECONOMIC EVENTS: In the U.S., no economic data of note was reported and banks and bond markets were closed in observance of the Columbus Day holiday. In China, the nation's customs administration reported a trade surplus of about $31B for September. Exports in the month increased 15.3% from a year earlier, beating expectations and making for the biggest monthly increase since February 2013. Imports rose 7%, significantly outpacing the consensus projection for a 2% decline. COMPANY NEWS: The Wall Street Journal reported that CSX (CSX) was approached by a larger rival, Canadian Pacific (CP), about a possible merger. However, Credit Suisse analyst Allison Landry wrote in a note to investors that a merger between the two would not be able to occur, due to high regulatory hurdles. Still, CSX rose $1.76, or 5.88%, to $31.70 following the Journal's report, while Canadian Pacific fell $4.40, or 2.32%, to $184.97... Shares of Fiat Chrysler Automobiles (FCAU) made their debut on the New York Stock Exchange and opened at $9 per share. The stock of the newly merged company closed trading down about 1% at $8.92... J.C. Penney (JCP) selected Marvin Ellison, who is currently executive vice president of stores at Home Depot (HD), to become its next CEO. The stock, which was also downgraded to Sell from Neutral at UBS this morning, spent much of the trading day in positive ground but moved lower late in the session and closed down 3c, or 0.42%, at $7.09. MAJOR MOVERS: Among the notable gainers was Alnylam (ALNY), which advanced $13.83, or 18.98%, to $86.68 after the company announced data from study of its treatment for patients with familial amyloidotic polyneuropathy and Piper Jaffray raised its price target on the stock to $133 from $101 citing the trial results. Among the noteworthy losers was AutoNation (AN), which fell $4.11, or 8.01%, to $47.21 after another company in the same sector, Lithia Motors (LAD), lowered its profit outlook for the third and fourth quarter and issued a lower than expected earnings forecast for fiscal 2015. Shares of Lithia, meanwhile, plunged $16.85, or 20.84%, to $64.01. Also lower were shares of GoPro (GPRO), which fell $8.38, or 9.85%, to $76.67 after a French journalist reported that the son of racing legend Michael Schumacher attributed the severity of his father's brain injury following a skiing accident on the GoPro camera mounted to his helmet. INDEXES: The Dow fell 223.03, or 1.35%, to 16,321.07, the Nasdaq dropped 62.58, or 1.46%, to 4,213.66, and the S&P 500 declined 31.39, or 1.65%, to 1,874.74.
10:50 EDTTWTRTwitter reverses lower on the session, levels to watch
Shares are down 2% to $49.38 at time of writing, nearing 1-month lows. Support below is at $47.56, the 1-month low. Resistance is at $50.16.
09:44 EDTALNYAlnylam price target raised to $133 on positive Ph. 2 results at Piper Jaffray
Piper Jaffray raised Alnylam's price target to $133 from $101 following positive Phase 2 open-label extension study with patisiran in patients with familial amyloidotic polyneuropathy.
09:39 EDTTWTRActive equity options trading on open
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07:33 EDTALNYAmerican Neurological Association to hold annual meeting
ANA 2014: 139th Annual Meeting is being held in Baltimore on October 12-14.
07:22 EDTPSony/ATV could ditch licensing firms due to streaming dollars, NY Post reports
Sony/ATV Music Publishing (SNE) is considering no longer dealing with performance rights groups BMI and ASCP, and instead negotiating directly with online music services like Pandora (P), YouTube (GOOG) and Spotify due to outdated rules and low royalties, the New York Post reports. Reference Link
07:12 EDTALNYOligonucleotide Therapeutics Society to hold annual meeting
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06:44 EDTALNYAlnylam to host conference call
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06:04 EDTALNYAlnylam's patisiran for polyneuropathy shows positive Phase 2 results
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October 12, 2014
18:06 EDTTWTRTwitter, French bank partner to allow money transfers via tweets
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October 10, 2014
16:02 EDTTWTRActionable Options for Friday, October, 10
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11:45 EDTTWTRStocks 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.
09:38 EDTTWTRActive equity options trading on open
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