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Stock Market & Financial Investment News

News Breaks
July 29, 2014
18:35 EDTYELP, TRN, NUVA, X, ECYT, ZLTQ, AFL, ICPT, WB, AMGN, SQNM, EXAM, RNG, PNRA, MOVE, FB, TWTR, NCR, EW, AEGR, RUBI, TXMD, BWLDOn The Fly: After Hours Movers
UP AFTER EARNINGS: Panera Bread (PNRA), up 1.3%... Zeltiq Aesthetics (ZLTQ), up 28.1%... Rubicon Project (RUBI), up 12.5%... RingCentral (RNG), up 11%... Endocyte (ECYT), up 10.5%... Aegerion Pharmaceuticals (AEGR), up 9.4%... Examworks (EXAM), up 8.8%... U.S. Steel (X), up 7.3%... Edwards Lifesciences (EW), up 7.2%... Sequenom (SQNM), up 7.5%... NuVasive (NUVA), up 5.6%... NCR Corp. (NCR), up 3.5%... Amgen (AMGN), up 4% after reporting quarterly results and announcing that it will reduce its global workforce by 12%-15%... Trinity Industries (TRN), up 2.8%... Twitter (TWTR), up 29.1% after reporting better than expected second quarter results as well as third quarter and fiscal 2014 guidance above analyst expectations. NOTABLE: Weibo Corp (WB), up 5.5%; Yelp (YELP), up 3.6%; Facebook (FB), up just under 1%, respectively, following Twitter's second quarter results. ALSO HIGHER: Intercept Pharmaceuticals (ICPT), up 2.5% following upgrade to Buy from Neutral at Nomura. DOWN AFTER EARNINGS: Buffalo Wild Wings (BWLD), down 10.6%... Move Inc. (MOVE), down 3.5%... Aflac (AFL), down 4% after reporting second quarter results and guidance for third quarter and fiscal 2014. ALSO LOWER: TherapeuticsMD (TXMD), down marginally after filing to sell $40M in common stock.
News For PNRA;ZLTQ;RUBI;RNG;ECYT;AEGR;EXAM;X;EW;SQNM;NUVA;NCR;AMGN;TRN;TWTR;WB;YELP;FB;ICPT;BWLD;MOVE;AFL;TXMD From The Last 14 Days
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July 21, 2015
06:19 EDTFBSilicon Valley giants side with Samsung in battle with Apple, InsideSources says
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05:34 EDTFBPayPal initiated with an Underweight at Piper Jaffray
Piper Jaffray analyst Gene Munster started shares of PayPal (PYPL) with an Underweight rating saying increased competition could pressure the stock's multiple over the next 6-24 months. Underweight is Piper's equivalent of a sell rating. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in a research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal, which began trading yesterday following a spinoff from parent company eBay (EBAY). Shares of the online payment system closed Monday up $2.08 to $40.47.
July 20, 2015
16:01 EDTFBOptions Update; July 20, 2015
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14:41 EDTNCRThoma Bravo, Blackstone competing for NCR with final bids due, dealReporter says
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13:18 EDTNCROptions with increasing call volume
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12:40 EDTFBEarnings Watch: IBM up 4% since last quarterly report
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12:35 EDTFBFacebook July weekly volatility increasing into Q2 and outlook
Facebook 7/31/15 weekly call option implied volatility is at 53, August is at 38, September is at 33; compared to its 52-week range of 19 to 48, suggesting large near term price movement into the expected release of Q2 results on July 29.
11:29 EDTFBFacebook breakout accelerates, levels to watch
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10:43 EDTYELPZillow slides to 52-week low after Barclays cuts to sell
The shares of Zillow (Z) are falling after Barclays downgraded the stock to Underweight, the firm's equivalent of a "Sell" rating, citing increased competition in the "local" segment of the Internet market. Zillow's websites advertise homes that are up for sale. WHAT'S NEW: In a note to investors earlier today, Barclays analyst Christopher Merwin wrote that, heading into second quarter results, he does not recommend Internet stocks that have been "challenged" and have relatively "cheap" valuations. These valuations are only "cheap" based on consensus estimates that are probably too high, the analyst believes. Based on that criteria, he downgraded Zillow to Underweight from Equal Weight. He also used the same criteria to downgrade Yelp (YELP), whose website features user reviews of local businesses, to Equal Weight from Overweight. Both companies are facing an "atypical level" of competition, driven by a favorable venture capital funding environment, Merwin indicated. The competition has driven down the companies' multiples, he believes. WHAT'S NOTABLE: Merwin recommended that investors buy the shares of small and mid cap Internet companies whose estimates are just beginning to be revised upwards by analysts. He identified IAC (IACI), which owns several dating websites, as one stock in this category. IAC should benefit from increased monetization of its popular Tinder dating app and the stabilization of its core dating websites, the analyst contended. Also poised for further positive estimate revisions are video game makers Electronic Arts (EA) and Activision Blizzard (ATVI), Merwin believes. The companies' increased revenue from digital games should mitigate the risk they face from slowing software growth as sales of new consoles slow, the analyst believes. He noted that 50% of both companies' revenue are now generated from digital games and identified Electronic Arts and Activision Blizzard as two of his top ideas. PRICE ACTION: In morning trading, Zillow fell 5% to $79 after hitting a 52-week low of $76.82 earlier in the session. Meanwhile, Yelp slid 1.6% to $34.40, IAC fell fractionally to $83.83, Electronic Arts added about 1% to $74.15 and activision Blizzard rose 0.5% to $25.93.
10:05 EDTRUBIHigh option volume stocks
High option volume stocks: PDCE GNRC CRZO NLSN RUBI TFM HABT EXEL DUST
10:00 EDTZLTQOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abeona Therapeutics (ABEO) initiated with a Buy at MLV & Co.... Ashford Hospitality Prime (AHP) initiated with a Buy at Brean Capital... Catabasis Pharmaceuticals (CATB) initiated with an Outperform at Wedbush... Cellectis (CLLS) initiated with a Buy at BofA/Merrill... Gener8 Maritime (GNRT) initiated with a Buy at UBS... Glaukos (GKOS) initiated with a Buy at Cantor... Lantheus (LNTH) initiated with a Buy at Jefferies... PayPal (PYPL) initiated with an Overweight at JPMorgan... ZELTIQ (ZLTQ) initiated with an Overweight at Piper Jaffray... United Rentals (URI) initiated with an Underperform at Wolfe Research... TopBuild (BLD) initiated with an Overweight at KeyBanc.
10:00 EDTYELPOn The Fly: Analyst Downgrade Summary
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09:52 EDTYELPYelp August volatility elevated as shares trend lower
Yelp July weekly call option implied volatility is at 49, August is at 69; compared to its 52-week range of 38 to 81, suggesting large August price movement.
09:42 EDTYELPYelp hits a new 52-week low, levels to watch
Shares are down over 3.8% to $33.62 at time of writing. At that price next support is at $33.35, the new low, and then at $32.88. Resistance is at $34.62. Barclays downgraded the stock to Equal Weight and cut its price target to $36.
09:22 EDTYELPOn The Fly: Pre-market Movers
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08:56 EDTFBFacebook price target raised to $117 at BTIG on video opportunity
BTIG analyst Richard Greenfield believes Facebook can exceed consensus estimates, citing higher confidence in the company's video advertising opportunity. Greenfield, who raised his revenue estimates for Facebook in this year and next, also points out Instagram's monetization opportunity and the platform potential of WhatsApp and Messenger. The analyst raised his price target on Facebook to $117 from a "stale" target of $80 that had been set in July of last year and reiterates a Buy rating on the social network's stock, which closed at $94.97 on Friday.
06:06 EDTTWTRStocks with implied volatility above IV index mean; XOMA TWTR
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05:44 EDTYELPZillow Group downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Christopher Merwin downgraded Zillow Group (Z) to Underweight saying competition is increasing in local. Underweight is Barclays' equivalent to a sell rating. The real estate and rental marketplace owner closed Friday at $83.27. Merwin believes consensus growth estimates are likely too high heading into Zillow's Q2 results and cut his price target for the stock to $70 from $90. The analyst this morning also downgraded Yelp (YELP) to Equal Weight for similar reasons. His top U.S. Internet picks heading into Q2 earnings season are IAC (IACI), Activision Blizzard (ATVI) and Electronic Arts (EA). Merwin thinks Activision and Electronic Arts will receive more than half of their 2015 revenue from digital.
05:37 EDTYELPYelp downgraded to Equal Weight from Overweight at Barclays
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05:28 EDTZLTQZELTIQ initiated with an Overweight at Piper Jaffray
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