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Stock Market & Financial Investment News

News Breaks
March 12, 2014
11:17 EDTUSAT, MCRS, PAY, NCRVeriFone Systems soars to 52-week high after results top estimates
Shares of VeriFone Systems (PAY), which offers secure electronic payment solutions, hit a new 52-week high after the company's first quarter results topped expectations. WHAT'S NEW: Last night, VeriFone reported Q1 earnings per share of 31c and revenue of $436M, beating expectations of 27c and $428.44M, respectively. The company forecast Q2 EPS of 30c-32c and revenue of $440M-$445M, compared to consensus of 31c and $439.06M, respectively. Fiscal 2014 EPS and revenue were seen at $1.40 and $1.78B-$1.81B, versus consensus of $1.39 and $1.79B, respectively. ANALYST REACTION: This morning, Deutsche Bank upgraded VeriFone to Hold from Sell following its Q1 results, citing the company's turnaround. The firm raised its price target for shares to $29 from $18. Another firm, Wedbush, raised their price target for VeriFone to $40 from $35 following the company's better than expected Q1 results and maintained an Outperform rating on the stock. Wedbush expects shares to move higher as the company overcomes its legacy issues and returns to normalized profitability in FY15. PRICE ACTION: In late morning trading, VeriFone rose $3.29, or about 11.3%, to $32.54 on twice its average daily trading volume. Including today's advance, the stock has gained about 50% over the past twelve months. OTHERS TO WATCH: Other companies in the electronic payment space include NCR Corporation (NCR), MICROS Systems (MCRS), and USA Technologies (USAT).
News For PAY;USAT;NCR;MCRS From The Last 14 Days
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December 19, 2014
10:19 EDTPAYOptions with decreasing implied volatility
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07:42 EDTPAYEPAM, WisdomTree added to Franchise Pick list at Jefferies
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December 18, 2014
11:04 EDTPAYOptions with decreasing implied volatility
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December 17, 2014
14:42 EDTPAYVeriFone has a potential bullish pattern, levels to watch
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10:36 EDTPAYOptions with decreasing implied volatility
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10:02 EDTPAYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Google (GOOG) upgraded to Buy from Hold at Pivotal Research... Twitter (TWTR) upgraded to Buy from Hold at Pivotal Research... Aaron's (AAN) upgraded to Buy from Hold at KeyBanc... Calpine (CPN) upgraded to Buy from Hold at Deutsche Bank... Check Point (CHKP) upgraded to Buy from Hold at Deutsche Bank... Columbia Sportswear (COLM) upgraded to Buy from Neutral at Goldman... Dakota Plains Holdings (DAKP) upgraded to Buy from Hold at Canaccord... SunCoke Energy (SXC) upgraded to Outperform from Neutral at Credit Suisse... Taylor Morrison (TMHC) upgraded to Buy from Hold at Evercore ISI... Teck Resources (TCK) upgraded to Buy from Neutral at UBS... VeriFone (PAY) upgraded to Overweight from Equal Weight at Barclays... Motorola Solutions (MSI) upgraded to Buy from Hold at Argus... Approach Resources (AREX) upgraded to Neutral from Reduce at Global Hunter... HealthSouth (HLS) upgraded to Outperform from Market Perform at Raymond James... QLogic (QLGC) upgraded to Overweight from Equal Weight at Morgan Stanley... Baker Hughes (BHI) upgraded to Focus List from Outperform at Howard Weil... Kansas City Southern (KSU) upgraded to Overweight from Equal Weight at Stephens... BlackBerry (BBRY) upgraded to Buy from Hold at BGC Financial.
05:37 EDTPAYVeriFone upgraded to Overweight from Equal Weight at Barclays
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December 16, 2014
10:34 EDTPAYOptions with decreasing implied volatility
Options with decreasing implied volatility: TLM LE CIEN LULU RH ATHN PAY
December 15, 2014
18:30 EDTPAYOn The Fly: After Hours Movers
UP AFTER EARNINGS: VeriFone Systems (PAY), up 1.5%. ALSO HIGHER: Prothena (PRTA), up 10.7% after receiving FDA fast track designation for NEOD001... Boeing (BA), up 2.3% after increasing dividend by 25% and authorizing a $12B share repurchase plan... Yamana Gold (AUY), up 4.6% after reporting new discoveries at Chapada, El Penon. LOWER: Abraxas Petroleum (AXAS), down 2% after reporting fourth quarter volume guidance and fiscal 2015 production guidance.
16:58 EDTPAYVeriFone announces partnership with First Data
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16:07 EDTPAYVeriFone sees Q1 EPS 40c, consensus 45c
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16:05 EDTPAYVeriFone sees FY15 EPS $1.85-$1.90, consensus $1.97
Sees FY15 revenue $2.02B-$2.04B, consensus $2.03B
16:03 EDTPAYVeriFone reports Q4 EPS 44c, consensus 41c
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15:21 EDTPAYNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include VeriFone Systems (PAY), consensus 41c; FuelCell Energy (FCEL), consensus (2c); Willbros Group (WG), consensus 15c.
14:11 EDTPAYVeriFone technical comments ahead of results
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13:56 EDTPAYVeriFone technical comments ahead of results
The stock has been in a downtrend since topping out near the 52-week high in November. That 52-week high, at $38.26, has been notable resistance in the prior year. If the news is weaker than expected, the downtrend could extend. Support levels that could become additional downside objectives are at $31.13, $30.19, and $28.95. A move that takes the shares below $30 would signal a potential major topping pattern that could be long-term bearish for price. If the news is better than expected, resistance levels that could become upside objectives are at $34.94, $36.53, $37.46, and the 52-week high at $38.26.
10:10 EDTPAYHigh option volume stocks:
High option volume stocks: RVBD AGCO FRO CRUS UBNT LH PAY PETM OREX KOS
December 10, 2014
07:33 EDTUSATUSA Technologies announces large-scale cashless payments roll out
USA Technologies announced a large-scale roll out with Five Star Food Service. Five Star Food Service is a full-service vending and micro-markets, office refreshment services and corporate dining company.

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