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Stock Market & Financial Investment News

News Breaks
June 13, 2014
12:59 EDTAWAY, OPEN, YELP, PCLN, GRUBAnalyst sees Priceline expanding in more areas after OpenTable buy
After Priceline Group (PCLN) agreed to buy OpenTable (OPEN), which operates an online restaurant reservation network, research firm Piper Jaffray predicted that Priceline would probably expand into additional areas. WHAT'S NEW: Priceline can move into additional categories, including events, ride sharing, and attractions, Piper analyst Michael Olson wrote. The company's decision to buy OpenTable shows that it is poised to move into new business areas, Olson contended. As for the OpenTable deal, the analyst thinks that there are obvious synergies between online travel and online restaurant reservations, and that the two companies will be able to promote their respective offerings to each other's customers. Additionally, Priceline's expertise in overseas operations will enable OpenTable to expand to perform more effectively in that area, the analyst contended. He kept an Overweight rating and $1,485 price target on Priceline. OTHERS TO WATCH: Yelp (YELP) allows its users to review local businesses, including restaurants, and its platform provides local businesses with a range of services, including its newly launched reservation system. GrubHub (GRUB) is an online and mobile platform for restaurant pick-up and delivery orders that similarly connects local restaurants with diners. Shares of HomeAway (AWAY), which operates an online marketplace for the vacation rental industry, are also higher, with the move potentially related to investor belief that it could be targeted for an acquisition by one of the larger players in the space. PRICE ACTION: In early afternoon trading, Priceline fell 2.4% to $1,196, while OpenTable soared 47% to $103.50.
News For PCLN;OPEN;GRUB;YELP;AWAY From The Last 14 Days
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April 17, 2015
12:23 EDTGRUBGrubHub has chance to more than double market share by 2020, analyst says
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10:00 EDTGRUBOn The Fly: Analyst Initiation Summary
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08:06 EDTYELPRecent developments positive for Yelp, says Wunderlich
Wunderlich says recent developments on the legal and regulatory fronts as well as enhanced search capabilities should be positive for Yelp's (YELP) outlook. The firm believes the European Commission's charges against Google (GOOG) should help Yelp's traffic overseas. It also views the Supreme Court of Virginia's decision yesterday to protect users' rights to free speech and anonymity online as positive for Yelp's reviewers and community. Further, it points out Yelp introduced a new search tool for restaurant reservations and takeout/delivery food, which it thinks will help the user experience and potential ad targeting. Wunderlich keeps a Buy rating on Yelp with a $90 price target.
06:25 EDTGRUBGrubHub initiated with a Buy at Sterne Agee
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April 16, 2015
13:45 EDTYELPVirginia court says Yelp does not need to disclose reviewer identity, WSJ says
Virginia's highest court ruled that Yelp does not need to reveal the identity of reviewers that were accused by a small business owner of posting fraudulent negative reviews about his business, says the Wall Street Journal. Reference Link
April 14, 2015
11:16 EDTYELPCredit Suisse's top Internet picks
Credit Suisse's top large-cap Internet picks remain Amazon.com (AMZN) for operating margin expansion and normalizing International growth, Facebook (FB) for underestimated long-term monitization potential from growing new products, and Google (GOOGL) for a slowdown in capex and narrowing of the mobile-desktop monetization gap. The firm's top small-cap picks are LinkedIn (LNKD) for the ramp of Sales Navigator and acceleration of Marketing Solutions and Yelp (YELP) because of reduced churn and increasing mobile traffic growth and ARPU.
April 13, 2015
07:28 EDTGRUBGrubHub valuation justified by large opportunity potential, says Canaccord
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April 9, 2015
15:08 EDTYELPYelp May volatility elevated at 61 into Q4 and outlook
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10:00 EDTGRUBOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Adobe (ADBE) initiated with an Overweight at Stephens... Aimco (AIV) initiated with a Neutral at Janney Capital... Akamai (AKAM) initiated with a Hold at Deutsche Bank... Anadarko (APC) initiated with an Outperform at BMO Capital... Apache (APA) initiated with a Market Perform at BMO Capital... Arista Networks (ANET) initiated with a Neutral at Wedbush... AvalonBay (AVB) initiated with a Neutral at Janney Capital... BioScrip (BIOS) initiated with a Buy at Craig-Hallum... Brinker (EAT) initiated with a Buy at Longbow... Broadcom (BRCM) initiated with a Buy at Ladenburg... Camden Property (CPT) initiated with a Neutral at Janney Capital... Canadian National (CNI) initiated with an Overweight at Atlantic Equities... Canadian Pacific (CP) initiated with an Overweight at Atlantic Equities... Cancer Genetics (CGIX) initiated with a Buy at Janney Capital... Denny's (DENN) initiated with a Buy at Longbow... Equity Residential (EQR) initiated with a Neutral at Janney Capital... Essex Property Trust (ESS) initiated with a Neutral at Janney Capital... Fifth Third (FITB) initiated with a Buy at Evercore ISI... Garrison Capital (GARS) initiated with a Buy at Maxim... GrubHub (GRUB) initiated with a Hold at Wunderlich... Hess Corp. (HES) initiated with a Market Perform at BMO Capital... Home Properties (HME) initiated with a Buy at Janney Capital... Huntington Bancshares (HBAN) initiated with a Buy at Evercore ISI... Intersect ENT (XENT) initiated with a Buy at CRT Capital... Jack in the Box (JACK) initiated with a Neutral at Longbow... KeyCorp (KEY) initiated with a Hold at Evercore ISI... LogMeln (LOGM) initiated with a Neutral at JPMorgan... Marathon Oil (MRO) initiated with a Market Perform at BMO Capital... Marvell (MRVL) initiated with an Outperform at Cowen... Masonite (DOOR) initiated with an Outperform at Macquarie... Mid-America Apartment (MAA) initiated with a Buy at Janney Capital... Natures Sunshine Products (NATR) initiated with an In-Line at Imperial Capital... Nielsen (NLSN) initiated with an Outperform at Telsey Advisory... Plug Power (PLUG) initiated with an Equal Weight at Morgan Stanley... Post Properties (PPS) initiated with a Neutral at Janney Capital... QTS Realty Trust (QTS) initiated with a Buy at Evercore ISI... Rentrak (RENT) initiated with an Outperform at Telsey Advisory... RiceBran (RIBT) initiated with a Buy at Maxim... StarTek (SRT) initiated with a Buy at Lake Street... Tribune Media (TRCO) initiated with an Outperform at Wells Fargo... TrueCar (TRUE) initiated with a Hold at Wunderlich... UDR, Inc. (UDR) initiated with a Neutral at Janney Capital... comScore (SCOR) initiated with a Market Perform at Telsey Advisory.
06:32 EDTGRUBGrubHub initiated with a Hold at Wunderlich
Target $44.
April 7, 2015
08:35 EDTGRUBGrubHub addressable market could double, says William Blair
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April 6, 2015
11:30 EDTYELPOptions with increasing implied volatility
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10:23 EDTYELP, PCLNApple Maps searches no longer showing just Yelp, AppleInsider reports
Searches on Apple (AAPL) Maps, which previously relied solely on Yelp (YELP) to provide reviews for local search, are now pulling results from TripAdvisor (TRIP) and Priceline's (PCLN) Booking.com, AppleInsider reported yesterday. Neither TripAdvisor or Booking.com are listed as sources on Apple's official Maps attribution webpage, but reviews with links to their respective webpages and apps are now appearing in Maps queries, the blog added. Shares of Yelp are down 1% to $46.67 in early trading. Reference Link
10:02 EDTPCLNOn The Fly: Analyst Initiation Summary
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07:34 EDTPCLNPriceline initiated with a Buy at Argus
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