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Stock Market & Financial Investment News

News Breaks
February 13, 2013
12:05 EDTSPWR, FOSL, AKAM, RVBD, YELPOptions with deceasing implied volatility: RVBD FOSL YELP AKAM SPWR
News For RVBD;FOSL;YELP;AKAM;SPWR From The Last 14 Days
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July 24, 2015
11:01 EDTSPWRSolarCity rises after analyst says second half outlook strong
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07:53 EDTAKAMAkamai management to meet with JPMorgan
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07:10 EDTYELPYelp July weekly volatility elevated into Q2 and outlook
Yelp July weekly call option implied volatility is at 116, August is at 70, September is at 56; compared to its 52-week range of 39 to 81, suggesting large near term price movement into the expected release of Q2 results on July 28.
July 23, 2015
12:14 EDTAKAMAkamai July weekly volatility elevated into Q2 and outlook
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08:25 EDTSPWRSunPower to build 100 MW solar power plant for NV Energy
SunPower has signed a 20-year power purchase agreement with NV Energy to build a 100 MW solar photovoltaic power plant planned for construction in the Eldorado Valley of Boulder City, Nevada. The project is expected to create approximately 200 jobs during construction, which is anticipated to commence before the end of 2015, with commercial operation planned in 2016. SunPower acquired the project from KOMIPO America earlier this year.
July 22, 2015
08:13 EDTSPWRDominion and SunPower partner to supply solar power to New Jersey homeowners
Dominion (D) subsidiary Dominion Retail and SunPower (SPWR) announced a collaboration of the two companies to offer SunPower solar power systems to New Jersey homeowners. Dominion will provide program details to residents through a marketing campaign scheduled to begin this summer.
July 21, 2015
08:09 EDTYELPYelp ending efforts to find buyer a positive, says Brean Capital
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07:23 EDTAKAMAkamai and Telecom Italia announce partnership agreement
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July 20, 2015
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.
10:00 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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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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July 17, 2015
10:32 EDTFOSLOptions with increasing implied volatility
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July 16, 2015
10:18 EDTFOSLOptions with increasing implied volatility
Options with increasing implied volatility: SRPT ENR FOSL KING
08:17 EDTSPWRPullback in solar space provides attractive entry point, says Cowen
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06:31 EDTYELPBlue Calypso announces favorable 'Markman' rulings at District Court
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July 15, 2015
10:33 EDTFOSLOptions with increasing implied volatility: KING FOSL
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