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Stock Market & Financial Investment News

News Breaks
August 1, 2014
13:46 EDTPKI, GPRO, EXPE, CVX, SGMS, PG, BYIOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after a report showed that the economy continued to add jobs last month though the pace of hiring slowed a bit from the recent trend. ECONOMIC EVENTS: In the U.S., non-farm payrolls rose 209K in July, missing the 230K forecast. The unemployment rate rose to 6.2% from 6.1% previously. Personal income rose 0.4% in June, with spending up 04% as well, and both of those matched expectations. The final reading of the University of Michigan consumer sentiment index for July came in at 81.8, which was in-line with expectations. seen 81.9; previously 81.3. ISM's manufacturing PMI for July rose to 57.1, beating expectations for a more modest rise to 56.0. Construction spending dropped 1.8% in June, versus expectations for it to have risen 0.4%. COMPANY NEWS: Shares of Procter & Gamble (PG) advanced more than 3% to lead the Dow Jones Industrial Average after the company's core earnings per share beat expectations and it said it intends to pare back its portfolio to focus on the 70 to 80 "core" brands that make up about 90% of its revenue... Another member of the Dow, Chevron (CVX), moved in the opposite direction, falling about 1% after its own earnings report. The oil major also lowered its FY14 production view by 1%-2%, citing weather, asset sales and a shutdown at its Angola LNG site as negative production drivers. MAJOR MOVERS: Among the notable gainers was Bally Technologies (BYI), which jumped 30% after the company agreed to be acquired by Scientific Games (SGMS) for $5.1B, or $83.30 per share. Shares of Scientific Games slipped 1.6% after the news. Also higher following its earnings reports was Expedia (EXPE), which rose 5%. Among the noteworthy losers was GoPro (GPRO), which tumbled 12.5% after the company reported on its earnings per share and revenue for the first time since its initial public offering in June. Also lower following their earnings reports were Web.com (WWWW), which fell 25% and was downgraded at SunTrust and BWS Financial, and PerkinElmer (PKI), which fell 4%. INDEXES: A bit before 2:00 pm ET, the Dow was down 60.46, or 0.37%, to 16,502.84, the Nasdaq was down 24.60, or 0.56%, to 4,345.17, and the S&P 500 was down 4.57, or 0.24%, to 1,926.10.
News For PG;CVX;BYI;SGMS;GPRO;EXPE;PKI From The Last 14 Days
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April 15, 2015
10:36 EDTSGMSBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
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10:00 EDTGPROOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Tower (AMT) upgraded to Outperform from Neutral at Macquarie... Ameriprise (AMP) upgraded at Morgan Stanley... Builders FirstSource (BLDR) upgraded to Buy from Neutral at Sterne Agee... China Telecom (CHA) upgraded to Outperform from Market Perform at Bernstein... China Unicom (CHU) upgraded to Outperform from Underperform at Bernstein... Discover (DFS) upgraded to Overweight from Neutral at JPMorgan... EV Energy (EVEP) upgraded on asset sale at RBC Capital... GoPro (GPRO) upgraded to Overweight from Neutral at Piper Jaffray... Intel (INTC) upgraded on valuation at RBC Capital... Nike (NKE) upgraded to Overweight from Neutral at Piper Jaffray... Nokia (NOK) upgraded to Market Perform from Underperform at Bernstein... Rice Energy (RICE) upgraded to Buy from Neutral at Goldman... Staples (SPLS) upgraded to Buy from Hold at BB&T... Team (TISI) upgraded to Buy from Hold at BB&T... Ulta Salon (ULTA) upgraded to Overweight from Neutral at Piper Jaffray.
April 14, 2015
18:30 EDTGPROOn The Fly: After Hours Movers
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16:32 EDTGPROPiper upgrades GoPro to buy after teen survey shows growing adoption
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16:05 EDTGPROGoPro upgraded to Overweight from Neutral at Piper Jaffray
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06:40 EDTCVXU.S. shale forecast, Yemen fighting lift oil prices, Reuters says
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06:11 EDTPGProcter & Gamble CEO could step down as early as summer, WSJ reports
Procter & Gamble CEO A.G. Lafley and other senior executives have reportedly made comments in private meetings with Wall Street analysts and investors that Lafley could step down as early as this summer, The Wall Street Journal reports, citing sources who attended the meetings. Analysts believe Lafley could remain chairman for "another year or two" to help smooth a CEO transition. The company's next CEO, which is likely to be an internal candidate, is widely expected to be P&G executive David Taylor. Reference Link
April 13, 2015
11:24 EDTGPROStocks with call strike movement; GPRO FEYE
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05:51 EDTGPROStocks with implied volatility movement; ALTR GPO
Stocks with implied volatility movement; Altera (ALTR) 68, GoPro (GPRO) 62 according to iVolatility.
April 12, 2015
16:49 EDTCVXIEA says Iran nuke deal to have limited impact on supply for years, Reuters says
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April 8, 2015
11:23 EDTPGProcter & Gamble starts sale process for beauty brands, Bloomberg says
Procter & Gamble (PG) has begun the sale process for its Wella haircare unit, some cosmetics brands and its fragrance business by sending out documents to potential bidders, according to Bloomberg, citing people familiar with the matter. Potential buyers contacted include Revlon (REV), Unilever (UN, UL), Coty (COTY), Kao Corp. and Henkel, the report noted, adding that the businesses could fetch as much as $19B altogether. Reference Link
April 7, 2015
10:31 EDTGPROGoPro calls active on speculation of an activist investor stake
GoPro April weekly 44 and 45 calls are active on 5K contracts (1K puts) on speculation of an activist investor stake. April weekly call option implied volatility is at 51, April is at 43, May is at 56, July is at 49; compared to its 26-week average of 57 according to Track Data. Active call volume suggests traders taking positions for large price movement.
10:18 EDTGPRORumor: GoPro moves off lows on speculation of an activist investor stake
Shares of GoPro have moved off lows on renewed speculation Carl Icahn has taken a stake in the company.
09:06 EDTCVXChevron launches new category of heavy duty motor oil in Canada
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06:43 EDTCVXOil retreats on reports of Iran, China talks, Reuters says
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April 6, 2015
11:52 EDTGPROStocks with call strike movement; X GPRO
U.S. Steel (X) July 29 call option implied volatility increased 4% to 47, GoPro (GPRO) October 50 call option implied volatility decreased 2% to 47 according to IVolatility.
11:30 EDTEXPEOptions with increasing implied volatility
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08:26 EDTGPROAmbarella checks positive, says Pacific Crest
After conducting checks on GoPro (GPRO), Pacific Crest raised its estimates for Ambarella (AMBA) and increased its price target on the name to $78 from $76. The firm says that Ambarella's stock has risen on optimism about the outlook for Xiaomi's Yi action camera targeted at the Chinese market. Pacific Crest adds that early data points for Yi are positive, but that it is too early to determine whether the product will be successful, although retailers are selling the product for prices 40%-50% above the listed price. Pacific Crest remains upbeat on Ambarella and keeps an Outperform rating on the shares.
06:41 EDTCVXOil up after Saudi Arabia increases prices for Asia, Reuters says
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April 5, 2015
18:12 EDTCVXOil falls after tentative nuclear deal for Iran, Reuters says
After a preliminary pact between Iran and world powers on Tehran's nuclear program the price of Brent oil fell nearly 4% on Thursday, says Reuters. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
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