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Stock Market & Financial Investment News

News Breaks
February 21, 2014
11:29 EDTOWW, PCLN, EXPEpriceline.com advances after results beat expectations
Shares of online travel agency priceline.com (PCLN) are climbing after the company reported stronger than expected fourth quarter results last night. WHAT'S NEW: priceline.com's Q4 earnings per share and revenue both exceeded analysts' consensus estimates. However, the online travel agency provided first quarter EPS guidance of $6.35-$6.85, versus the consensus estimate of $7.19. It predicted that its revenue would jump about 15%-25% in Q1 versus the same period a year earlier. The company said that it would expand its ad campaign for its Booking.com website to additional markets and launch similar campaigns for other websites. The later start of Easter this year versus last year will hurt priceline.com's Q1 margins, the company stated. The company said it intends to increase its investments in personnel, offices and IT this quarter as it prepares for the peak travel season. ANALYST REACTION: Many research firms reacted to priceline.com's results and guidance by raising their price targets on the shares. Pacific Crest hiked its price target on the stock to $1,580 from $1,220, Benchmark Co. increased its target to $1,550 from $1,200, and Deutsche Bank raised its price target to $1,425 from $1,240. Pacific Crest kept an Outperform rating on the stock, while Deutsche Bank and Benchmark kept Buy ratings on the shares. OTHERS TO WATCH: Other online travel agencies include Orbitz Worldwide (OWW) and Expedia (EXPE). PRICE ACTION: In late morning trading, Priceline.com gained $47, or 3.7%, to about $1,330.
News For PCLN;OWW;EXPE From The Last 14 Days
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November 24, 2014
09:10 EDTPCLNPriceline coverage assumed with an Outperform at Credit Suisse
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09:10 EDTEXPEExpedia coverage assumed with a Neutral at Credit Suisse
Target $87.
09:10 EDTOWWOrbitz coverage assumed with a Neutral at Credit Suisse
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November 21, 2014
10:47 EDTEXPE, OWW, PCLNAmazon reported travel entry viewed positively by Piper's Munster
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November 19, 2014
06:00 EDTPCLNStocks with implied volatility below IV index mean; PCLN NFLX
Stocks with implied volatility below IV index mean; Priceline (PCLN) 22, Netflix (NFLX) 29 according to iVolatility.
November 18, 2014
14:01 EDTEXPEExpedia to begin selling airline branded fares in 2015
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05:57 EDTPCLNStocks with implied volatility below IV index mean; PCLN NFLX
Stocks with implied volatility below IV index mean; Priceline (PCLN) 22, Netflix (NFLX) 30 according to iVolatility.
November 14, 2014
17:13 EDTPCLN, EXPEAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
06:19 EDTPCLNStocks with implied volatility below IV index mean; PCLN NFLX
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November 13, 2014
06:05 EDTPCLNStocks with implied volatility below IV index mean; PCLN V
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