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Stock Market & Financial Investment News

News Breaks
December 31, 2012
06:52 EDTYUM, SINA, SBUX, BIDU, COH, SOHUChinese PMI reaches highest level since May 2011, Reuters reports
HSBC's Chinese Purchasing Managers' Index reached 51.5 this month, the highest level since May 2011, according to Reuters. The index came in at 50.5 in November, the news service added. Reference Link
News For SINA;SOHU;BIDU;YUM;COH;SBUX From The Last 14 Days
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May 21, 2013
14:50 EDTSBUXWal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link
10:00 EDTCOHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Acquity Group (AQ) downgraded to Neutral from Buy at Roth Capital... Beazer Homes (BZH) downgraded to Neutral from Buy at Sterne Agee... CME Group (CME) downgraded to Neutral from Outperform at Macquarie... Carnival (CCL) downgraded to Neutral from Buy at UBS... Coach (COH) downgraded to Equal Weight from Overweight at Morgan Stanley... Deutsche Bank (DB) downgraded to Neutral from Overweight at JPMorgan... First Republic Bank (FRC) downgraded to Hold from Buy at Jefferies... Franklin Resources (BEN) downgraded to Neutral from Outperform at Macquarie... Life Technologies (LIFE) downgraded to Underperform from Outperform at CLSA... Oil States (OIS) downgraded to Neutral from Buy at Sterne Agee... Raymond James (RJF) downgraded to Market Perform from Outperform at Wells Fargo... VF Corp. (VFC) downgraded to Market Perform from Outperform at Wells Fargo... WellCare (WCG) downgraded to Neutral from Buy at Goldman... Huaneng Power (HNP) downgraded to Neutral from Buy at Citigroup... Comerica (CMA) downgraded to Neutral from Buy at DA Davidson... Beazer Homes (BZH) downgraded at Sterne Agee... Oil States (OIS) downgraded at Sterne Agee... eHealth (EHTH) downgraded to Neutral from Buy at Lazard Capital... Carnival (CCL) downgraded to Market Perform from Outperform at Wells Fargo... Warner Chilcott (WCRX) downgraded to Neutral from Positive at Susquehanna.
06:12 EDTCOHCoach downgraded to Equal Weight from Overweight at Morgan Stanley
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May 20, 2013
16:02 EDTBIDUOptions Update; May 20, 2013
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09:58 EDTSOHU, BIDURumor of Baidu in search deal with Sohu may be true, Forbes says
Rumors, citing an industry source, that Baidu (BIDU) has reached an agreement to purchase Sogou from Sohu.com (SOHU) in a complex swap transaction might be true, despite seemingly contradictory indications from Charles Zhang that seem to say that Sogou isn’t for sale, according to Forbes contributor Doug Young. Reference Link
09:49 EDTBIDUBaidu rumored to be competing with Tencent to buy NetQin, TechinAsia says
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09:40 EDTBIDUActive equity option families trading
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07:29 EDTBIDUDeutsche Bank to host a conference
dbAccess Asia Conference 2013 is being held in Singapore on May 20-22.
05:54 EDTBIDUBaidu considers IPO for its video site, Bloomberg reports
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May 17, 2013
10:10 EDTBIDU, SOHUBaidu rumored to acquire Sohu unit Sogou, Marbridge Daily reports
Baidu (BIDU) has entered into an agreement to acquire Sohu's (SOHU) online search subsidiary Sogou for $2.0B-$2.5B, Marbridge Daily reports, citing an industry source. Note Bloomberg this morning reported that Sohu is seeking a strategic investment in its online search subsidiary. Reference Link
10:02 EDTBIDU, SOHUSohu.com seeking strategic for search unit, Bloomberg reports
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09:08 EDTSINASINA recommended at 86 Research
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06:09 EDTCOHCiti recommends Michael Kors ahead of Q4 results
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05:44 EDTSINASINA shares still undervalued on Alibaba deal, says Piper Jaffray
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May 16, 2013
18:56 EDTSINAOn The Fly: After Hours Movers
UP AFTER EARNINGS: SINA (SINA), up 4.2%. ALSO HIGHER: Kansas City Southern (KSU), up 1.6% after it was announced the company would replace Dean Foods (DF) in the S&P 500 on May 23. DOWN AFTER EARNINGS: Autodesk (ADSK), down 6.5% after earnings, guiding its second quarter below expectations... Aruba Networks (ARUN), down 17.1% after earnings, guiding its fourth quarter below expectations... Nordstrom (JWN), down 3.5%... J.C. Penney (JCP), down 1.7%... Brocade (BRCD), down 2.4% after earnings, guiding its third quarter below expectations.
17:18 EDTSINASINA trades higher after earnings beat, first look
The stock is up over 4.7% to $61.58 in the extended session. At that price, next resistance is at $62.52, and then at $63.10. Support is at $60.84.
17:04 EDTSINASINA sees Q2 revenue $143M-$147M, consensus $142.66M
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17:02 EDTSINASINA reports Q1 EPS 2c, consensus (3c)
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16:48 EDTYUMYum! Brands Taco Bell CEO sees doubling revenue to $14B in 10 years
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15:14 EDTSINANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Dell (DELL), consensus 35c; Applied Materials (AMAT), consensus 13c; Nordstrom (JWN), consensus 76c; Autodesk (ADSK), consensus 45c; J. C. Penney (JCP), consensus (86c); SINA (SINA), consensus (3c); ViaSat (VSAT), consensus 2c; Brocade Communications (BRCD), consensus 15c; Aruba Networks (ARUN), consensus 15c.
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