New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For P From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | all recent P news | >>
October 24, 2014
16:54 EDTPMarket ends week higher as Apple leads list of earnings winners
Stocks ended the week higher as stronger than expected economic data and upbeat results from a number of companies lifted shares. MACRO NEWS: In the U.S., existing home sales for September and leading economic indicators for the month beat expectations, while weekly jobless claims were roughly in-line with expectations. Markit's “flash” manufacturing Purchasing Managers' Index for October came in at 56.2, versus the consensus forecast for a 57.0 reading... China reported that its GDP rose 7.3% in Q3, above the 7.2% growth expected by economists. HSBC's flash PMI inched up to 50.4 from a final reading of 50.2 in September, beating the consensus forecast for a 50.3 reading. The Asian country said that its industrial production jumped 8% versus the year earlier, easily beating the anticipated 7.5% increase... A euro zone purchasing managers' index increased to 52.2 in October from 52 in September. Most analysts had expected the index to decline modestly. COMPANY NEWS: Apple (AAPL), Microsoft (MSFT), Harley-Davidson (HOG), Yahoo (YHOO), Caterpillar (CAT), diversified manufacturer 3M (MMM) and chip maker Broadcom (BRCM) were among the companies that reported higher than expected profits. Conversely, the bottom lines of IBM (IBM), McDonald's (MCD), Verizon (VZ), AT&T (T), and Angie's List (ANGI) missed expectations... Shares of Amazon (AMZN) fell after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its quarterly report, while a number of others cut their price targets on the shares... Boeing (BA) reported stronger than expected results and raised its full year core EPS guidance, but its stock fell as the airplane maker reduced its full year operating cash flow guidance... Pandora's (P) shares tumbled after the company's Q3 results beat expectations, but its total listener hours declined in Q3 versus Q2... Shares of drug maker Biogen Idec (BIIB) fell after the Q3 sales of its flagship multiple sclerosis treatment, Tecfidera, came in below expectations. Additionally, Biogen reported that one of the patients taking the drug had died after contracting a disease previously linked to MS treatments... BlackBerry (BBRY) rallied following renewed rumors that Chinese computer maker Lenovo (LNVGY) is looking to buy the smartphone maker... At home soda machine maker SodaStream (SODA) rallied after the company said that it would test making some of PepsiCo's (PEP) brands available on its machines. INDEXES: For the week, the Dow gained 2.58% to close at 16,805.41, the S&P 500 rose 4.12% to close at 1,964.58, and the Nasdaq advanced about 5.28% to close at 4,483.71.
13:29 EDTPPandora slides after reporting sequential listener hour decline
Subscribe for More Information
12:49 EDTPOn The Fly: Midday Wrap
Stocks on Wall Street opened relatively quietly, with investors cautious given the way the market closed yesterday following the report a NYC doctor had the Ebola virus. As the morning progressed investors became more emboldened and pushed the market higher, leaving the major averages near their highs at midday. ECONOMIC EVENTS: In the U.S., a report on new home sales showed that they inched up 0.2% to a 467K rate in September, but August was revised much lower. COMPANY NEWS: Shares of Amazon (AMZN) fell 7.5% after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its report, while a number of others cut their price targets on the shares... Procter & Gamble (PG) rose 3% after the company's Q1 core EPS matched estimates and it announced plans to exit the Duracell personal power business. P&G noted that while no decision has been made on the form of the exit, the company’s current preference is a split-off of the Duracell business into a stand-alone company. MAJOR MOVERS: Among the notable gainers was were Edwards Lifesciences (EW), which rose 11% following the company's "beat and raise" report. Also higher was SodaStream (SODA), which jumped 14% after confirming that it has entered into an agreement with PepsiCo (PEP) specifically focused on a small-scale, limited time test to make certain of PepsiCo’s brands available for use on the company’s at-home beverage system. Among the noteworthy losers was Pandora (P), which dropped 15% after reporting quarterly results that included a sequential drop in listener hours. Also lower was Abercrombie & Fitch (ANF), which fell 5.5% after Goldman Sachs downgraded the stock to a Sell rating in a note to investors. INDEXES: Near midday, the Dow was up 86.67, or 0.52%, to 16,764.57, the Nasdaq was up 16.36, or 0.37%, to 4,469.15, and the S&P 500 was up 8.86, or 0.45%, to 1,959.68.
10:03 EDTPOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:23 EDTPPandora downgraded to Neutral from Positive at Susquehanna
Subscribe for More Information
09:18 EDTPOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Microsoft (MSFT), up 4.3%... KLA-Tencor (KLAC), up 8.8%... Rubicon Project (RUBI), up 17.8%... Gigamon (GIMO), up 16%. ALSO HIGHER: Procter & Gamble (PG), up 2.7% after earning report, announcing plans to exit Duracell business by creating a stand-alone Duracell company... Vitae Pharmaceuticals (VTAE), up 40% following its report of top-line results from two Phase 1 clinical trials... Digital River (DRIV), up 47% after agreeing to be acquired by investor group for $26.00 per share. LOWER: Amazon (AMZN), down 9.3%, downgraded at Cowen and Janney Capital following the company's Q3 report... DryShips (DRYS), down 26% after filing an automatic common stock shelf... NPS Pharmaceuticals (NPSP), down 4.4% following PDUFA date for Natpara extended three months to January 24... Abercrombie & Fitch (ANF), down 4% after downgraded at Goldman and BMO Capital. DOWN AFTER EARNINGS: Pandora (P), down 7%... Synaptics (SYNA), down 9.9%... Flowserve (FLS), down 5%... New Oriental Education (EDU), down 4%.
08:59 EDTPPandora shares should be bought at current levels, says Pacific Crest
Pacific Crest believes that Pandora's Q3 results showed evidence of strong sales force productivity, high incremental margins, and pricing power. The firm thinks the company's ad business appears to be in the midst of a positive turning point.
08:21 EDTPPandora reported solid results, says Oppenheimer
Oppenheimer believes that Pandora reported solid Q3 results. However, the firm cut its price target on the name to $32 from $43 to reflect lower valuations for high-growth Internet stocks. The firm also expects investors to view the stock's risk as elevated until clarity on royalties increase. The firm keeps an Outperform rating on the shares.
07:59 EDTPPandora price target lowered to $36 from $43 at Canaccord
Canaccord lowered its price target on Pandora following its Q3 report. The firm expects strong revenue and margin growth to continue and for the gap between its share of radio listening and revenue to close. Canaccord maintains its Buy rating on Pandora shares.
05:55 EDTPPandora story remains on track, says Piper Jaffray
Subscribe for More Information
05:48 EDTPStocks with implied volatility movement; P GPRO
Stocks with implied volatility movement; Pandora (P) 69, GoPro (GPRO) 92 according to iVolatility.
October 23, 2014
18:52 EDTPOn The Fly: After Hours Movers
UP AFTER EARNINGS: Rubicon Project (RUBI), up 19.2%... KLA-Tencor (KLAC), up 15.8%... Gigamon (GIMO), up 13.5%... Maxwell (MXWL), up 11.3%... Qlik Technologies (QLIK), up 9.8%... NetSuite (N), up 5.5%... Microsoft (MSFT), up 3.3%... Juniper Networks (JNPR), reverses in after-hours trading and is up 1.4% after reporting third quarter results and announcing a $1.1B increase to the company's share repurchase authorization. ALSO HIGHER: Vitae Pharmaceuticals (VTAE), up 38.6% following positive top-line results from two Phase 1 clinical trials of BI1181181/VTP-37948... Pfizer (PFE), up 1.8% after announcing a new $11B share repurchase program. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 10.7%... Synaptics(SYNA), down 12.7%... Pandora (P), down 6.8%... Lattice Semiconductor (LSCC), down 5.6%... Maxim Integrated (MXIM), down 5.8%. ALSO LOWER: DryShips (DRYS), down 16.5% after filing an automatic common stock shelf... NPS Pharmaceuticals (NPSP), down 7.9% following PDUFA date for Natpara extended three months to January 24... GoPro (GPRO), down 2.8% after being initiated with an Underperform at Oppenheimer.
17:51 EDTPPandora down almost 6% to $21.75 after Q3 results, guidance
Subscribe for More Information
16:08 EDTPPandora share of total U.S. radio listening in September 9.06%
Subscribe for More Information
16:08 EDTPPandora Q3 total listener hours grew 25% to 4.99B
Total listener hours grew 25% to 4.99B for the third quarter of 2014, compared to 3.99B for the same period last year. Active listeners grew 5.2% to 76.5M at the end of the third quarter of 2014, compared to 72.7M from the same period last year.
16:06 EDTPPandora raises FY14 EPS view to 19c-21c from 16c-19c from, consensus 18c
Subscribe for More Information
16:04 EDTPPandora sees Q4 EPS 17c-19c, consensus 17c
Subscribe for More Information
16:03 EDTPPandora reports Q3 EPS 9c, consensus 8c
Reports Q3 revenue $239.6M, consensus $238.5M.
16:00 EDTPOptions Update; October 23, 2014
iPath S&P 500 VIX Short-Term Futures down 2.04 to 33.48. Option volume leaders: AAPL TSLA TWTR F AMZN FB NFLX PBR P according to Track Data.
15:49 EDTPPandora October 23 straddle priced for 10.4% move into Q3
15:30 EDTPNotable companies reporting after market close
Subscribe for More Information
12:51 EDTPPandora technical comments before results
Subscribe for More Information
October 22, 2014
11:18 EDTPPandora launches marketing platform AMP for artists
Subscribe for More Information
October 21, 2014
15:22 EDTPPandora volatility elevated into Q3 and outlook
Pandora October weekly call option implied volatility is at 135, November is at 70, December is at 58, January is at 57; compared to its 26-week average of 55 according to Track Data, suggesting large price movement into the expected release of Q3 results on October 23.
October 20, 2014
07:24 EDTPPandora expected to meet/beat high-end of Q3 guidance, says Wedbush
Subscribe for More Information
October 17, 2014
10:31 EDTPPandora calls active on renewed speculation of an activist investor
Subscribe for More Information
10:20 EDTPPandora spikes higher, levels to watch
Shares are up 3% to $22.70 on a sharp spike in the last ten minutes. At current price resistance is at $23.23. Support is at $22.45, the opening price of the day.
10:16 EDTPRumor: Pandora moves up on renewed speculation of an activist investor
Subscribe for More Information
October 15, 2014
10:50 EDTPPandora November volatility elevated into Q3 and outlook
Subscribe for More Information
October 13, 2014
07:22 EDTPSony/ATV could ditch licensing firms due to streaming dollars, NY Post reports
Sony/ATV Music Publishing (SNE) is considering no longer dealing with performance rights groups BMI and ASCP, and instead negotiating directly with online music services like Pandora (P), YouTube (GOOG) and Spotify due to outdated rules and low royalties, the New York Post reports. Reference Link
<< 1 | 2 | all recent P 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