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March 28, 2013
11:29 EDTGME, TIBX, UTHR, RHT, RPRXOptions with decreasing implied volatility: RPRX UTHR GME RHT TIBX
News For RPRX;UTHR;GME;RHT;TIBX From The Last 14 Days
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November 23, 2015
08:34 EDTGMEGameStop reiterates FY EPS view $3.66-$3.86, consensus $3.91
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08:33 EDTGMEGameStop reports Q3 adjusted EPS 54c, consensus 59c
Reports Q3 revenue $2.02B, consensus $2.14B. Including one-time charges, EPS was 53c. Reports Q3 SSS down 1.1%, with SSS down 1.7% in the U.S. and up 0.3% internationally. Foreign currency exchange rate changes negatively impacted sales by approximately $100 million and earnings per share by $0.02. In the new video game segments, new hardware sales declined 20.4%, while new software sales decreased 9.3% due to the tough overlap of Destiny and Super Smash Bros. in Q3 2014.
06:30 EDTGMEGameStop sees challenge around growing number of digital shoppers, WSJ says
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November 20, 2015
10:38 EDTRHTAnalyst sees 'cloud cold war' coming between Google, Microsoft, Amazon
Recent comments by Google (GOOG) indicate that the tech giant plans to make a major push in the cloud infrastructure market, Deutsche Bank analyst Ross Sandler wrote in a note to investors today. Google's initiatives in this area could significantly boost its stock price and signify the start of a "cold war" in the space, but are unlikely to negatively affect the number two player in the area, Microsoft (MSFT), Sandler believes. WHAT'S NEW: Google has not been aggressively expanding its cloud infrastructure business, but recent comments by the tech giant indicates that this situation is changing, Sandler wrote. Google executive Urs Holzle said that the tech giant plans to aggressively expand its cloud platform, and projected that the company's revenue from the cloud could surpass its ad revenue by 2020, the analyst noted. The note comes after Google acquired a small platform-as-a-service company called bebop and appointed its CEO, VmWare (VMW) co-founder Diane Greene, to lead a new cloud business. Based on Hozle's comment, Google is seeking to boost its cloud revenue to $100B by 2020, Sandler estimated. If the tech giant even "gets part of the way" to meeting the goal, the growth in its cloud business will boost its market cap by hundreds of billions of dollars, Sandler believes. Google's push in the cloud is negative for Microsoft, but it will take years for Google to build up its cloud business to the point where it's competitive with Microsoft's cloud offering, Azure, the analyst contended. Amazon (AMZN), which Google also much catch, is the runaway leader in the cloud market. WHAT'S NOTABLE: Google may look to make acquisitions in the software-as-a-service sector to build up its cloud business, and vendors like Red Hat (RHT) which sell to cloud infrastructure providers have added a major new customer, Sandler wrote. Major software-as-a-service providers include (CRM), Workday (WDAY), and Netsuite (N). PRICE ACTION: In early trading, Alphabet Class A shares gained 1.5% to $771.37, Microsoft slid 1.1% to $53.33 and Amazon rose fractionally to $662.87.
08:31 EDTGMEGameStop volatility elevated into Q3 and outlook
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07:16 EDTGMEGameStop should be bought on any weakness after results, says Oppenheimer
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November 19, 2015
07:15 EDTRHTPalo Alto Fortinet seen as potential Cisco takeover targets, says Oppenheimer
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November 18, 2015
08:08 EDTRHTWipro announces collaboration with Red Hat
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November 17, 2015
10:20 EDTGMEOptions with increasing implied volatility
Options with increasing implied volatility: SGMS HZNP CSC ULTA RH BURL GME AEO BBRY TIF
November 13, 2015
12:34 EDTGMEOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday following worse than expected retail sales data in the U.S. and a report showing that the Eurozone's economic growth slowed last quarter. ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in the month of October, versus expectations for an increase of 0.3%. When autos and gas are removed, the core reading was up 0.3%, versus expectations for a rise of 0.4%. Producer prices fell 0.4%, versus expectations for them to be up 0.2%. When food and energy are removed, the core reading was down 0.3%, versus expectations for it to be up 0.1%. Business inventories grew 0.3% in September while sales were flat compared to August. Consumer sentiment, as measured by the preliminary print from the University of Michigan survey, improved 3.1 points to 93.1 in November, which was better than the 91.5 reading that was expected. In Europe, data showed that eurozone's economy grew by just 0.3% in the third quarter, which was a slowdown from the 0.4% GDP growth recorded three months earlier and weaker than the 0.4% consensus growth forecast. COMPANY NEWS: Shares of retailers broadly declined on Friday morning following the weaker than expected retail sales data reported by the government as well as third quarter earnings reports from Nordstrom (JWN) and J.C. Penney (JCP). Each of the aforementioned department store operators slid following their reports, as did Macy's (M) and Kohl's (KSS), which reported on their own results earlier in the week. TJX Companies (TJX) and Ross Stores (ROST), which are both scheduled to report quarterly earnings next week, were also among those caught up in the weakness... Shares of Mylan (MYL) jumped 13% after the company's offer to acquire Perrigo (PRGO) failed, ending a seven-month fight between the two drugmakers. Perrigo Chief Executive Officer Joseph Papa said he was "delighted" that his company's shareholders rejected the offer and the company added that it will immediately commence its previously announced $2B share buyback program, but its shares slid 7% in the wake of the shareholder vote... Cisco (CSCO) fell 6% after its first quarter earnings and revenue beat expectations but its guidance for the new quarter disappointed. A number of analysts that had been bullish on the name trimmed their price targets in response but also recommended the post-earnings weakness as a buying opportunity. MAJOR MOVERS: Among the notable gainers was Syngenta (SYT), which rallied 5% after Bloomberg reported that the company rejected an initial $42B offer from ChemChina. Also higher was Yum! Brands (YUM), which gained 4% after it reported positive year over year same store sales growth for its China division in October. Among the noteworthy losers was GameStop (GME), which fell 14% after its stock was downgraded at Pacific Crest and NPD estimated that video game software sale declined 3% last month compared to the same month of last year. Also lower was Fossil (FOSL), which plunged 33% after the watchmaker gave lower than expected profit guidance for the upcoming quarter and said it continues to expect this fiscal year's results to be "significantly" negatively impacted by foreign currency changes. INDEXES: Near midday, the Dow was down 88.19, or 0.51%, to 17,359.88, the Nasdaq was down 34.22, or 0.68%, to 4,970.86, and the S&P 500 was down 9.24, or 0.45%, to 2,036.73.
10:48 EDTGMEGameStop retreats after downgrade, NPD sales data
Video game retailer GameStop (GME) is falling after its stock was downgraded by Pacifc Crest and a research firm estimated that video game software sale declined 3% last month compared to the same month of last year. Notably, the news comes after video game makers Activision Blizzard (ATVI) and Electronic Arts (EA) have recently announced some upbeat news. WHAT'S NEW: Pacific Crest analyst Evan Wilson cut his rating on GameStrop to Sector Weight from Overweight, citing weaker than expected physical game sales, the growth of digital games, and the stock's gains. Noting that research firm NPD reported that sales of new physical software video games had dropped 3% year-over-year last month, Wilson says he is not as optimistic as he had been that the category will grow going forward. Additionally, the popularity of digital games, where GameStop's market share and profitability are much lower than in physical software, is hurting the retailer, the analyst stated. The new video games due out in 2016 don't look especially impressive, and before today's trading, GameStop's stock was approaching Wilson's previous price target, the analyst wrote. WHAT'S NOTABLE: Activision Blizzard's stock climbed November 11 and November 12 after the company announced that its new Call of Duty video game had generated more than $550M of sales in the first weekend it was available. In a note to investors on November 11, Piper Jaffray analyst Michael Olson said he still anticipates that Activision will sell 20.5M units of Call of Duty this year. However, he added that the estimate could prove conservative, given solid reviews of the game and a bigger next-gen console installed base. He kept an Overweight rating on the shares. On October 29, Electronic Arts reported stronger than expected second quarter results and provided stronger than expected Q3 guidance. The company's "Star Wars: Battlefront" game, due out November 17, has generally gotten good reviews from analysts. The video game should be "one of the strongest titles" this quarter, and should kick off an important franchise for the company, predicted Piper's Olson, who expects the company to sell 13.5M units of the game. He kept an $87 price target and Overweight rating on EA shares. PRICE ACTION: In morning trading, GameStop dropped 12% to $39.20, Electronic Arts slid 1% to $70.93 and Activision fell 1.8% to $34.39.
10:00 EDTGMEOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abbott (ABT) downgraded to Neutral from Buy at Goldman... Advance Auto Parts (AAP) downgraded after Q3 miss at Sterne Agee CRT... CafePress (PRSS) downgraded to Underperform from Market Perform at Raymond James... (CTRP) downgraded to Outperform from Strong Buy at Raymond James... CubeSmart (CUBE) downgraded to Outperform from Strong Buy at Raymond James... Deutsche Bank (DB) downgraded to Neutral from Buy at Citi... Digital Ally (DGLY) downgraded to Neutral from Buy at Roth Capital... El Pollo Loco (LOCO) downgraded to Neutral at Baird... F5 Networks (FFIV) downgraded to Market Perform from Outperform at William Blair... FirstMerit (FMER) downgraded on stock outperformance at Raymond James... Fly Leasing (FLY) downgraded to Underweight from Neutral at JPMorgan... GameStop (GME) downgraded on valuation, digital impact at Pacific Crest... Histogenics (HSGX) downgraded to Neutral from Buy at BTIG... MaxPoint (MXPT) downgraded to Hold from Buy at Needham... Memorial Resource (MRD) downgraded to Outperform at Scotia Howard Weil... Rite Aid (RAD) downgraded to Neutral from Overweight at JPMorgan... Rubicon Minerals (RBY) downgraded to Sell from Hold at Canaccord... SABMiller (SBMRY) downgraded to Hold from Buy at Berenberg... Sensata (ST) downgraded at SunTrust... Stryker (SYK) downgraded to Neutral from Buy at Goldman.
09:50 EDTGMEGameStop tumbles following NPD data, downgrade
The stock was last at $39.02, down over 12% on the session. At that price next support is at $38.36. Resistance is at $40.50. October NPD video game software data showed a 3% decline. Pacific Crest downgraded the shares to Sector Weight.
09:27 EDTGMEOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Blue Buffalo (BUFF), up 8.2%... Applied Materials (AMAT), up 3.8%... Planet Fitness (PLNT), up 9.8%... Lipocine (LPCN), up 16.2% after reporting quarterly results and that the FDA has assigned a Prescription Drug User Fee Act goal date of June 28, 2016. ALSO HIGHER: Mylan (MYL), up 10.9% after Perrgo (PRGO) shareholders did not tender enough shares for the hostile takeover bid to succeed... Plug Power (PLUG), up 7.3% after entering into a strategic supply agreement with 3M (MMM)... Yum! Brands (YUM), up after reporting that October China Same-Store Sales are up 5%. DOWN AFTER EARNINGS: Fossil (FOSL), down 24.5%... Fossil (JWN), down 20.6%... El Pollo LoCo (LOCO), down 15.1%... Cisco (CSCO), down 4.1%.... Tyco (TYC), down 4.1%... J.C. Penney (JCP), down 6.8%. ALSO LOWER: Fitbit (FIT), down 8.4% after 17M share Secondary priced at $29.00... GameStop (GME), down 8% after being downgraded to Sector Weight from Overweight at Pacific Crest... Lions Gate (LGF), down 2.6% after 3.4M share Spot Secondary priced at $39.43... Perrigo is down 10.5% after shareholders did not tender enough shares for the hostile takeover bid to succeed.
07:16 EDTGMEGameStop downgraded on valuation, digital impact at Pacific Crest
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06:55 EDTGMEGameStop downgraded to Sector Weight from Overweight at Pacific Crest
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05:40 EDTGMEOctober NPD video game software declined 3%, says Piper Jaffray
Piper Jaffray analyst Michael Olson says October NPD video game software declined 3% year-over-year, with Microsoft's (MSFT) Halo 5 being the top title by a "wide margin." Enough next generation hardware has now been sold to drive sustainable software growth on a quarterly basis, Olson tells investors in a research note. He maintains Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
November 12, 2015
16:35 EDTRPRXRepros completes randomization of Phase 2b study of Vaginal Proellex
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09:57 EDTRHTRed Hat recommended as a Long Idea at Needham
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November 11, 2015
09:48 EDTGMEActivision 'Call of Duty' results bode well for EA, GameStop, says Baird
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