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Stock Market & Financial Investment News

News Breaks
June 5, 2014
09:09 EDTTSL, NVAX, JOY, RATE, FIVE, VRNT, AXAS, RCAP, CLVS, HALO, CIEN, PVH, VRA, SSNLF, BKS, RAD, TWTR, TMUS, SOn The Fly: Pre-market Movers
HIGHER: Sprint (S), up 2% after Reuters reported that the company agreed to purchase T-Mobile (TMUS) U.S. for $40 per share... Twitter (TWTR), up 2.4% after the Financial Times reported that the firm weighed an acquisition of Spotify and other music services... Barnes & Noble (BKS), up 3.2% after announcing a partnership with Samsung (SSNLF) to create co-branded tablets... Ciena (CIEN), up 14.8% after reporting better than expected Q2 earnings results... Halozyme Therapeutics (HALO), up 15.2% after the FDA removed the clinical hold on patient enrollment and dosing of PEGPH20 in the ongoing Phase 2 trial... Clovis (CLVS), up 4.3% after upgraded at Stifel... Abraxas Petroleum (AXAS), up 7.7% after upgraded at SunTrust following the company's raised FY14 production guidance... Verint Systems (VRNT), up 8.4% after upgraded at Credit Suisse following better than expected Q1 results and raised FY15 guidance... Five Below (FIVE), up 2.6% after reporting Q1 earnings results... Bankrate (RATE), up 1.9% after upgraded at RBC Capital... Joy Global (JOY), up 3.2% after reporting better than expected Q2 earnings results. LOWER: RCS Capital (RCAP), down 7.3% after 24M share Secondary priced at $20.25... Rite Aid (RAD), down 7.1% after lowering its FY15 EPS outlook... Novavax (NVAX), down 7.5% after filing to sell $100M of common stock... PVH Corp. (PVH), down 6.3% after lowering FY14 guidance... Trina Solar (TSL), down 4% after filing to sell 8.8M American Depositary Shares... Vera Bradley (VRA), down 11.3% after reporting lower than expected Q1 earnings results...
News For S;TMUS;TWTR;RAD;BKS;SSNLF;VRA;PVH;CIEN;HALO;CLVS;RCAP;AXAS;VRNT;FIVE;RATE;JOY;NVAX;TSL From The Last 14 Days
Check below for free stories on S;TMUS;TWTR;RAD;BKS;SSNLF;VRA;PVH;CIEN;HALO;CLVS;RCAP;AXAS;VRNT;FIVE;RATE;JOY;NVAX;TSL the last two weeks.
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July 16, 2014
10:30 EDTJOYJoy Global calls active on renewed takeover speculation
Joy Global July 61.5 and 62.5 calls are active on total call volume of 9,400 contracts (900 puts). July call option implied volatility is at 38, August is at 35, September is at 26, January is at 26; compared to its 26-week average of 26 according to Track Data. Active call volume suggests larger price movement following renewed speculation chatter.
10:09 EDTJOYRumor: Joy Global strength attributed to takeover speculation
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06:55 EDTSSNLFSurvey shows Samsung losing smartphone ground, Reuters says
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06:52 EDTSSNLFSamsung may be in partnership talks with Under Armour, Yonhap says
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06:20 EDTSSNLFDRAM chip prices likely to increase 10% in July, DigiTimes reports
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06:16 EDTSSNLFSanDisk partners with Rockchip for iNAND solutions, DigiTimes reports
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July 15, 2014
16:00 EDTTWTROptions Update; July 15, 2014
iPath S&P 500 VIX Short-Term Futures up 53c to 28.02. Option volume leaders: AAPL FB GOOG AMZN ABX DIS NFLX TWTR TSLA according to Track Data.
15:32 EDTTMUS, SPaulson sees T-Mobile takeover in high $30s, low $40s 'reasonable,' WSJ says
John Paulson, the fourth-largest shareholder in T-Mobile (TMUS) and the third largest stakeholder in Sprint (S), would support a merger of the two, which has been widely reported as being worked on, and said that a takeover price for T-Mobile in the "high $30s to low $40s" per share would be "reasonable," according to The Wall Street Journal, citing an interview with the investor. Reference Link
13:44 EDTTMUS, SSprint, T-Mobile jointly raising $10B for airwave auction, WSJ says
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10:56 EDTTWTRFed calls small cap social media, biotech valuations 'stretched'
The Board of Governors of the Federal Reserve in its Monetary Policy Report dated today said valuation metrics in "some sectors" appear substantially stretched, "particularly those for smaller firms in the social media and biotechnology industries, despite a notable downturn in equity prices for such firms early in the year." A later part in the document reads, "Equity valuations of smaller firms as well as social media and biotechnology firms appear to be stretched, with ratios of prices to forward earnings remaining high relative to historical norms." The specific targeting of sectors by the Fed seems to be having an impact on stocks in the social media and biotech spaces. Shares of Yelp (YELP) are down over 5% to $67.51, while Twitter (TWTR) and Facebook (FB) are each down 2%. Celgene (CELG) and Amgen (AMGN) are leading the biotech space lower with pullbacks of greater than 1%.
10:33 EDTTWTRFacebook, Twitter slip following cautious valuation comments from Fed
Shares of a number of companies in the social media and biotech industries moved lower following the circulation of cautious comments about their stock valuations that were included in the Federal Reserve's latest Monetary Policy Report. WHAT'S NEW: In the report, presented by the Board of Governors of the Federal Reserve and signed on behalf of the governors by Chair Janet Yellen, the central bank wrote that some broad equity price indexes have increased to all-time highs in nominal terms since the end of 2013, but that valuation measures for the overall market in early July were "generally at levels not far above their historical averages." However, the Fed's report also cautioned that valuation metrics in some sectors do appear substantially "stretched," particularly those for smaller firms in the social media and biotechnology industries, despite a notable downturn in equity prices for such firms early in the year. As support for its assessment, the Fed noted that ratios of prices to forward earnings for "smaller firms as well as social media and biotechnology firms" remain "high relative to historical norms." PRICE ACTION: Following the circulation of the comments in the Fed report, shares of Facebook (FB) are down 88c, or 1.3%, to $67.02, Twitter (TWTR) is down 24c, or 0.6%, to $38.07 and LinkedIn (LNKD), is down 21c, or 0.1%, to $159.57. Shares of some biotechnology companies including Celgene (CELG) and Amgen (AMGN) also ticked lower following the circulation of the comments from the Fed's report.
10:18 EDTTWTRFacebook, Twitter move lower following comments from Yellen
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10:00 EDTTWTROn The Fly: Analyst Upgrade Summary
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08:18 EDTTWTRTwitter cracks down on providers of user stats, BI says
After Twitter's stock declined early this year following data that suggested growth in its monthly active users was slowing or flat and that engagement measures were declining, the social network operator has taken the unusual step of shutting off its data flow to certain companies that have published their own stats on Twitter's user statistics, according Business Insider, citing two sources. Reference Link
07:24 EDTTMUSMicrosoft to hold a conference
MSFT Worldwide Partner Conference to be held in Washington, D.C. on July 13-17.
07:04 EDTTSLWTO says U.S. tariffs on Chinese solar cells against rules, Xinhua reports
The World Trade Organization yesterday ruled that U.S. tariffs on Chinese solar cells violated the rules of the organization, according to Xinhua. China requested that the WTO probe the subsidies in 2012, the news service noted. The WTO also said that U.S. tariffs on Chinese steel products and paper violated the organization's rules, the news service added. Publicly traded solar energy companies include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).Reference Link
06:17 EDTSSNLFReport: Samsung finishes LTE-A solution for mobile processors, DigiTimes says
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06:11 EDTSSNLFSamsung, HiSilicon to sell more handset solutions to vendors, DigiTimes says
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06:06 EDTTWTRTwitter upgraded to Neutral from Underperform at Macquarie
Macquarie upgraded its rating on Twitter (TWTR) to Neutral saying a reset in expectations and improving fundamentals will limit downside in the stock. The firm believes user growth trends remain an issue, though, and remains cautious on the name. Macquarie has a $36 price target for Twitter shares, which closed yesterday down 2c to $38.31.
06:02 EDTSSNLFSamsung, Nest, ARM team up for Thread wireless networking protocol
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