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Stock Market & Financial Investment News

News For SINA;SOHU;BIDU;YUM;COH;SBUX From The Last 14 Days
Check below for free stories on SINA;SOHU;BIDU;YUM;COH;SBUX the last two weeks.
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April 17, 2014
12:00 EDTSINAWeibo opens for trade at $16.27, IPO priced at $17.00
Weibo (WB), a social media platform in China, is a majority-owned subsidiary of SINA (SINA).
11:49 EDTSINAWeibo IPO indicated to open $16.50
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11:47 EDTSINAWeibo IPO indicated to open $16.80
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11:42 EDTSINAWeibo IPO indicated to open $17.00
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11:36 EDTSINAWeibo IPO indicated to open $17.20
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08:03 EDTSINASINA shares undervalued, says Stifel
After conducting a sum of the parts analysis of SINA following the IPO of Weibo, Stifel believes that, based on the company's current stock price, its core portal business and investments in Alibaba Group and 9158.com are being given a negative valuation. The firm notes that SINA's portal business generates estimated annual adjusted EBITDA of about $175M. Stifel lowered its price target on the stock to $80 from $100 and keeps a Buy rating on the stock.
07:29 EDTBIDUBaidu launches mobile wallet in China to compete with peers, TNW says
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07:20 EDTSINAWeibo grosses $285.6M in IPO with low-end pricing, Bloomberg says
Weibo, the Chinese microblogging service owned by Sina (SINA) and Yahoo's (YHOO) Alibaba, grossed $285.6M in its U.S. IPO after pricing the shares on the lower-side of a marketed range, reported Bloomberg. Reference Link
April 16, 2014
12:47 EDTSBUXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the earnings season picks up steam. Stocks began the session sharply higher, with the market attempting to extend the rally that began on Monday. The move upward comes in spite of the dayís housing data coming in below expectations. This afternoon, investors will be watching the Fedís Beige Book report in hopes it provides evidence that the economy is strengthening. ECONOMIC EVENTS: In the U.S., housing starts in March were up 2.8% from the prior month to a rate of 946K, versus expectations for an increase of 7%. Building permits were down 2.4% to a 990K rate, versus expectations for a decline of 0.4%. Industrial production rose 0.7% in March, which was ahead of the 0.5% forecast. The Fedís Beige Book report, which includes anecdotal reports on business conditions in the various Fed districts, is due out at 2:00 pm ET. In China, data showed its economy grew 7.4% in the first quarter from a year earlier, providing relief after recent signs that growth in the world's second largest economy has been slowing. COMPANY NEWS: Shares of Bank of America (BAC) were down over 2% near midday after the company reported a first quarter loss of 5c per share, which was influenced by $6B in legal charges. The $6B in litigation expense, which was related to a previously announced settlement with the Federal Housing Finance Agency and added reserves for other legacy mortgage-related matters, hurt the banks earnings by about 40c per share... Yahoo (YHOO) rose more than 6% after reporting first quarter profit and sales last night that beat expectations. A great deal of attention was also paid to the 66% year-over-year increase in revenue reported by Alibaba, the Chinese group of e-commerce sites in which Yahoo has a 24% stake. This morning, Wells Fargo upgraded its rating on Yahoo to Outperform from Market Perform and raised its price target range for shares to $45-$47 from $38-$40, while Jefferies assumed coverage of Yahoo and also raised its rating on the stock. MAJOR MOVERS: Among the notable gainers was SodaStream (SODA), which surged 9% after an Israeli website said that the company was in talks to sell a 10% or greater stake to a big name company such as PepsiCo (PEP), Dr Pepper Snapple (DPS), or Starbucks (SBUX). Also higher was drugmaker Zogenix (ZGNX), which gained nearly 10% after confirming that a judge prevented a ban on sales of the company's Zohydro pain medication in Massachusetts. Among the noteworthy losers was Agnico Eagle Mines (AEM), which fell 7.5% after agreeing to jointly acquire Osisko Mining in partnership with Yamana Gold (AUY). Yamana shares were also down 3%. Also lower following their earnings reports were ADTRAN (ADTN), which fell nearly 6%, and CSX (CSX), which dropped about 3%. INDEXES: Near midday, the Dow was up 124.14, or 0.76%, to 16,386.70, the Nasdaq was up 37.86, or 0.94%, to 4,072.02, and the S&P 500 was up 13.52, or 0.73%, to 1,856.50.
10:49 EDTSBUXSodaStream rallies following report of talks to sell stake to American company
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09:36 EDTBIDUActive equity options trading on open
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08:49 EDTSBUXSodaStream investment report 'unsubstantiated and unlikely,' says Stifel
Stifel said it views the report in Israel-based Calcalist that SodaStream (SODA) was in talks with a large partner like PepsiCo (PEP), Dr. Pepper (DPS), or Starbucks (SBUX) for a 10%-16% strategic stake as "unsubstantiated and unlikely." Stifel noted that the publication reported falsely in the past that PepsiCo was going to purchase SodaStream and the firm maintained its Sell rating on SodaStream shares. Note that SodaStream shares are up nearly 12% in pre-market trade following Calcalist's report.
06:38 EDTSBUXStarbucks to relocate EU headquarters to Britain, U.K. Times says
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April 15, 2014
18:58 EDTBIDUOn The Fly: After Hours Movers
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13:27 EDTSINASina's Weibo not likely to have same debut share increase as Twitter, FT says
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06:52 EDTSBUXJuan Valdez profit sparks IPO goal as chain takes on Starbucks, Bloomberg says
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April 14, 2014
07:59 EDTSBUXStarbucks volatility increases from historic low levels into Q2 and outlook
Starbucks April call option implied volatility is at 24, May is at 27, June is at 24, July is at 22; compared to its 26-week average of 23 according to Track Data, suggesting large June near term price movement into the expected release of Q2 results after the market close on April 24.
07:23 EDTYUMJapan sees first bird flu outbreak since 2011, Mainichi reports
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April 11, 2014
12:44 EDTBIDUHedge funds initiating shorts on Priceline, Amazon, Twitter, CNBC says
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09:13 EDTSINAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Fastenal (FAST), up 3%... Wells Fargo (WFC), up 0.2%. ALSO HIGHER: H&R Block (HRB), up 5% after announcing a deal for BofI (BOFI) to acquire H&R Block's bank assets. Bofi up 9.4% after the deal announcement... Zynga (ZNGA), up 1.7% after naming new CFO, shares upgraded to Equal Weight at Morgan Stanley... SINA (SINA), up 2% after announcing up to $500M share repurchase program. DOWN AFTER EARNINGS: JPMorgan (JPM), down 3.7%... NQ Mobile (NQ), down 14.6%. ALSO LOWER: Gap (GPS), down 4% after reporting March SSS fell 6%, shares downgraded at Janney Capital... Voxeljet (VJET), down 16% after 3M share secondary offering priced at $15.00... Datawatch (DWCH), down 29% after cutting its second quarter revenue outlook.
08:31 EDTSINASINA announces up to $500M share repurchase program
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April 10, 2014
08:26 EDTSINASINA licensed to to sell investment products in China, Marbridge Daily says
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April 9, 2014
08:33 EDTBIDU, BIDUBaidu revenue growth could beat expectations, says CLSA
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08:31 EDTBIDU, BIDUSpeculation of Baidu interest in Ctrip.com logical, says CLSA
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April 8, 2014
12:08 EDTSINASINA to unveil wealth management service, China Daily says
Chinese Internet company SiINA is expected to launch an Internet-based wealth management service in the middle of this month, according to China Daily. Reference Link
10:51 EDTBIDUCtrip, Qunar rise after Bloomberg says travel sites in deal talks
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10:03 EDTSINAOn The Fly: Analyst Downgrade Summary
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09:35 EDTBIDUActive equity options trading on open
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09:09 EDTBIDUOn The Fly: Pre-market Movers
HIGHER: BioScrip (BIOS), up 6.7% after stock was named as a stock pick and a potential takeover target by Oscar Schafer while speaking on CNBC... Nokia (NOK), up 5% after deal to sell substantially all of its Devices & Services business to Microsoft (MSFT) receives regulatory approval in China... Ctrip.com (CTRP), up 4.6% after Bloomberg said, citing sources, that the company is in talks with Baidu-controlled (BIDU) Qunar (QUNR) about a partnership or a potential merger... Plug Power (PLUG), up 4.6% after CEO discusses plan to expand fuel cells to trucks in interview... FireEye (FEYE), up 2.5% following upgrade at Wedbush... Twitter (TWTR), up 2% following initiation of coverage with a Buy rating at at Janney Capital... Nike (NKE), up 1.75% after upgraded at Stifel. LOWER: Gigamon (GIMO), down 23% after lowering revenue outlook, shares downgraded at Pacific Crest... LivePerson (LPSN), down 3% after announcing resignation of EVP, Worldside Sales, shares downgraded at Benchmark... Cisco (CSCO), down 0.5% following downgrade to Hold from Buy at Wunderlich.
07:54 EDTYUMYum! Brands testing new Super Chix concept, AdAge reports
Yum Brands will start testing Super Chix, a new concept restaurant, AdAge reports. This week, Super Chix will launch in Arlington, Texas, with a limited menu including chicken sandwiches, chicken tenders, fries, salads and custards. A spokesperson for Yum says the concept "may in the future be considered for international purposes." Reference Link
07:42 EDTSINASINA downgraded to Neutral from Buy at Mizuho
Mizuho downgraded SINA to reflect the slowdown of the Alibaba contribution and overhang from Weibo's revenue growth outlook. The firm lowered its valuation for Weibo to reflect lack of catalysts, resulting in the SINA downgrade.
07:22 EDTBIDUQunar, Ctrip.com in talks on potential merger, Bloomberg says
Chinese travel websites Qunar (QUNR) and Ctrip.com (CTRP) are in talks on a range of possibilities, from a partnership to a full merger, according to Bloomberg, citing two people with direct knowledge of the talks. Qunar, which went public last year in the U.S., is majority owned by Chinese search giant Baidu (BIDU), which recently had over 58% of voting power via its stake. Reference Link
April 7, 2014
14:16 EDTBIDUBaidu volatility increases as shares pull back to six-month low
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06:49 EDTSINAWeibo looking to raise over $380M in IPO, NY Times says
SINA's (SINA) Weibo hopes to raise more than $380M in its upcoming IPO and price its shares at $17-$19, Weibo said in its prospectus, according to The New York Times. Known as a "microblog," Weibo has been compared to Twitter (TWTR). Reference Link
April 4, 2014
07:43 EDTSOHU, BIDUBaidu market leading search share in China rose in March, Marbridge Daily says
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