New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 1, 2014
09:27 EDTGALT, YRCW, PXLW, DATA, ARRY, SPWR, BYD, GPRO, WWWW, HIL, ARNA, EXPE, SGMS, BYI, LNKD, PGOn The Fly: Pre-market Movers
HIGHER: Procter & Gamble (PG), up 2.2% after core EPS beat expectations, company announces plans to trim portfolio to 70-80 "core" brands... Expedia (EXPE), up 3.5% after upgraded at Raymond James following better than expected Q2 earnings results... Bally Technologies (BYI), up 31% after Scientific Games (SGMS) to acquire the company for $83.30 per share, or $5.1B. Scientific Games is up 13% after the news... Array BioPharma (ARRY), up 6% after receiving orphan status for ovarian cancer treatment... Tableau (DATA), up 4.5% after upgraded at Mizuho after better than expected Q2 earnings results. UP AFTER EARNINGS: LinkedIn (LNKD), up 8.6%... Arena Pharmaceuticals (ARNA), up 3.5%. DOWN AFTER EARNINGS: GoPro (GPRO), down 10.6%... SunPower (SPWR), down 3.1%... Pixelworks (PXLW), down 16.8%... YRC Worldwide (YRCW), up 15.8%. LOWER: Web.com (WWWW), down 25% after reporting second quarter results and acquiring U.K. online directory company Scoot... Hill International (HIL), down 12.9% after 8.5M share secondary offering priced at $4.25... Boyd Gaming (BYD), down 7.4% after downgraded at Credit Suisse following lower than expected Q2 earnings results... Galectin Therapeutics (GALT), down 4% after downgraded at Aegis... Biota (BOTA), down 33% after IGLOO did not achieve significant reduction in time to alleviation.
News For PG;LNKD;BYI;SGMS;EXPE;ARNA;HIL;WWWW;GPRO;BYD;SPWR;ARRY;DATA;PXLW;YRCW;GALT From The Last 14 Days
Check below for free stories on PG;LNKD;BYI;SGMS;EXPE;ARNA;HIL;WWWW;GPRO;BYD;SPWR;ARRY;DATA;PXLW;YRCW;GALT the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
September 8, 2014
17:16 EDTSGMSScientific Games wins three-year instant games contract extension with Colorado
Scientific Games announced that it has signed an extension of its contract with the Colorado Lottery to continue as a provider of instant lottery games and related services. Under the agreement with the Colorado Lottery, Scientific Games will continue as the Lottery's primary instant game provider for three additional years beginning July 1.
12:50 EDTGPROGoPro Septemnrt weekly volatility elevated as shares at record high
GoPro September weekly call option implied volatility is at 84, September is at 70, October is at 53, January is at 40; compared to its 9-week average of 56 according to Track Data, suggesting large near term price movement.
12:18 EDTSGMSOn The Fly: Midday Wrap
Subscribe for More Information
11:29 EDTGPROStocks with call strike movement; GPRO YHOO
Subscribe for More Information
10:25 EDTHILHigh option volume stocks:
Subscribe for More Information
10:06 EDTGPROOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AIG (AIG) initiated with a Buy at Citigroup... Agilent (A) initiated with an Equal Weight at Morgan Stanley... Altisource Residential (RESI) initiated with a Neutral at JPMorgan... AngloGold (AU) initiated with an Overweight at JPMorgan... Arista Networks (ANET) initiated with an Outperform at FBN Securities... C1 Financial (BNK) initiated with a Buy at Wunderlich... Cherokee (CHKE) initiated with a Buy at Roth Capital... ContraFect (CFRXU) initiated with a Buy at Maxim... DRDGOLD (DRD) initiated with an Underweight at JPMorgan... Enable Midstream (ENBL) initiated with an Equal Weight at Morgan Stanley... Enservco (ENSV) initiated with an Outperform at Northland... GoPro (GPRO) initiated with an Outperform at FBN Securities... Gold Fields (GFI) initiated with an Overweight at JPMorgan... Gulfport Energy (GPOR) initiated with an Equal Weight at Morgan Stanley... Harmony Gold (HMY) initiated with a Neutral at JPMorgan... Illumina (ILMN) initiated with an Equal Weight at Morgan Stanley... LINN Energy (LINE) reinstated with an Outperform at Credit Suisse... LinnCo (LNCO) reinstated with an Outperform at Credit Suisse... Randgold (GOLD) initiated with a Neutral at JPMorgan... Rentrak (RENT) initiated with a Buy at Needham... Rice Energy (RICE) initiated with an Accumulate at KLR Group... SanDisk (SNDK) initiated with an Outperform at FBN Securities... Seadrill (SDRL) initiated with a Sell at Canaccord... Tesla (TSLA) initiated with an Outperform at FBN Securities... Thermo Fisher (TMO) initiated with an Overweight at Morgan Stanley... Waters (WAT) initiated with an Underweight at Morgan Stanley... Whiting Petroleum (WLL) initiated with an Equal Weight at Morgan Stanley.
09:17 EDTHILHill International receives $51M contract to manage construction of theme parks
Subscribe for More Information
09:13 EDTPXLWPixelworks initiated with a Buy at Dougherty
Target $11.
08:08 EDTGPROGoPro initiated with an Outperform at FBN Securities
Subscribe for More Information
06:07 EDTGPROGoPro implied volatility of 97 at upper end of index mean range
Subscribe for More Information
September 5, 2014
10:05 EDTGPROGoPro climbs after supplier results beat expectations
Shares of GoPro (GPRO) are climbing after Ambarella (AMBA), which provides chips for processing video, reported stronger than expected results last night. GoPro develops mountable and wearable cameras. WHAT'S NEW: Ambarella reported second quarter earnings per share of 37c, versus analysts' consensus estimate of 28c. The company's revenue came in at $47M, compared with the consensus outlook of $44.67M. "We are delighted with our second quarter financial results," said Ambarella CEO Fermi Wang "We achieved revenue of $47M reflecting the success of our HD and Ultra-HD camera solutions in the expanding IP security camera, UAV and wearable sports camera markets," Wang added. ANALYST REACTION: Ambarella's results indicate that GoPro's near-term trends are tracking at least in-line with its guidance, wrote Piper Jaffray analyst Sean Naughton in a note to investors today. The analyst, who noted that Ambarella is a key GoPro supplier, raised his price target on GoPro to $60 from $48 and kept an Overweight rating on the shares. PRICE ACTION: In early trading, GoPro rose 3% to $54.50, while Ambarella jumped 8% to $39.
07:19 EDTGPROGoPro price target raised to $60 from $48 at Piper Jaffray
Piper Jaffray raised its price target for GoPro (GPRO) shares to $60 saying it remains positive on the company's near- and long-term outlook. Piper believes GoPro's near-term trends are tracking at least in-line with guidance following yesterday's strong results by supplier Ambarella (AMBA). The firm recommends using any weakness in the stock as a buying opportunity and keeps an Overweight rating on the name.
September 4, 2014
14:19 EDTGPROGoPro slides following downgrade, levels to watch
Shares are down over 5% at time of writing at $54. At that price, next support is at $53.23, the low of the day, and then at $52.19. Resistance is at $55.52. JPMorgan downgraded the shares earlier today to Neutral with a $51 price target.
10:29 EDTGPROOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
10:00 EDTGPROGoPro slips after JPMorgan cuts rating citing valuation
Shares of GoPro (GPRO) are falling after JPMorgan downgraded the stock to Neutral from Overweight based on valuation concerns. GoPro develops mountable and wearable cameras. WHAT'S NEW: GoPro has risen 137% from its IPO price of $24 and the stock should not be bought at current levels, JPMorgan analyst Paul Coster wrote in a note to investors. However, the analyst continues to believe that GoPro remains dominant in the action camera sector and he says that it could launch new cameras ahead of the holiday season. Consequently, Coster does not recommend that investors sell shares of the stock, as he believes that the shares are as likely to go up as they are to go down. He kept a $51 price target on the stock. WHAT'S NOTABLE: Coster believes that GoPro's stock may have risen recently partly on speculation that the company could benefit from the growing push for police officers to use wearable cameras. After speaking with GoPro's CFO, however, the analyst thinks that GoPro's opportunity in this area is "quite modest." A number of other companies that provide cameras and related services to police forces have moved higher in recent trading, including Digital Ally (DGLY) and TASER (TASR). PRICE ACTION: In early trading, GoPro fell $1.10, or 2%, to $55.76.
09:57 EDTPGProcter & Gamble sees FY15 core EPS growth in the mid single digits
Subscribe for More Information
09:06 EDTGPROOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PVH Corp. (PVH), up 9%... Verifone (PAY), up 3.8%... Methode Electronics (MEI), up 13%... Bazaarvoice (BV), up 9%. ALSO HIGHER: Bolt Technology (BOLT), up 35.7% after Teledyne (TDY) agrees to acquire the company for $22 per share in cash... Mitek Systems (MITK), up 58% after USAA lawsuit settlement... Tibco Software (TIBX), up 7% after announcing that it is reviewing strategic alternatives... Stereotaxis (STXS), up 22% after receiving FDA clearance for Vdrive with V-Loop system... NewLink (NLNK), up 3.4% after reporting FDA approval for Phase 1 clinical studies of Ebola vaccine. DOWN AFTER EARNINGS: Ciena (CIEN), down 3%... Joy Global (JOY), down 1%... Matrix Service (MTRX), down 11%... Mobileye (MBLY), down 1.3%. ALSO LOWER: Yum! Brands (YUM), down 2.8% after updating third quarter China division same-store sales guidance... 3D Systems (DDD), down 2.9% after downgraded at Pacific Crest... GoPro (GPRO), down 3.5% after downgraded at JPMorgan... Shanda Games (GAME), down 4% after announcing reconstitution of special committee.
08:06 EDTDATATableau resumed with an Outperform at Pacific Crest
Target $84.
07:18 EDTEXPEACCC cites competition concerns about Expedia proposed acquisition of Wotif
The Australian Competition and Consumer Commission has released a Statement of Issues outlining competition issues that have arisen to date from the ACCC’s review of the proposed acquisition of Wotif.com Holdings by Expedia. The ACCC is exploring whether the removal of Wotif from the Australian market has the potential to increase the rate of commissions charged to hotels and other accommodation providers in Australia. The ACCC’s preliminary view is that bricks and mortar travel agents are unlikely to be a strong constraint on the operations of OTAs and therefore do not form part of the relevant market. “The ACCC is seeking further information to determine whether the proposed acquisition is likely to substantially lessen competition in the market for the online distribution of Australian accommodation,” ACCC Chairman Rod Sims said. Reference Link
06:19 EDTGPROGoPro downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded GoPro to Neutral citing valuation following the recent rally in shares. The firm has a $51 price target for the stock, which closed yesterday up 5% to $56.86.
1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use