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Stock Market & Financial Investment News

News Breaks
August 14, 2014
11:09 EDTEL, WB, SINAOptions with increasing implied volatility: SINA WB EL
News For SINA;WB;EL From The Last 14 Days
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May 21, 2015
07:58 EDTWB, SINAWeibo working with Socialbakers on Facebook Insight product, BI reports
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May 18, 2015
16:21 EDTWBOn The Fly: Top stock stories for Monday
Stocks on Wall Street advanced in Monday trading, sending the Dow Jones Industrial Average and the S&P 500 to new all-time closing highs. The early part of the day saw the market move in a narrow range, but by early afternoon the market punched through its upper range and moved to session highs. The market drifted throughout the afternoon as the news flow was quiet and the trading volume remained light. ECONOMIC EVENTS: In the U.S., the National Association of Home Builders’ confidence index fell 2 points to a reading of 54 in May, missing expectations for a 1 point increase to a reading of 57. COMPANY NEWS: Shares of Apple (AAPL) advanced $1.47, or 1.14%, to $130.24 after noted investor Carl Icahn stated in an open letter to the company's CEO that he thinks other investors, analysts and the news media continue to misunderstand Apple and that its stock is "worth $240 today." Icahn urged Apple CEO Tim Cook to take advantage by launching a "much larger buyback" of the iPhone maker's shares. Separately, FBR Capital analysts Daniel Ives and James Moore wrote this morning in a note to investors that the Street is still underestimating Apple's growth outlook in China. The analysts believe that Apple's China revenue will exceed its revenue from the Americas in fiscal 2017... Endo International (ENDP) slid $4.53, or 5.31%, to $80.82 after the company agreed to pay $8B for privately held Par Pharmaceutical, which will roughly double Endo’s generics revenue and place its generics business among the top five as measured by U.S. sales. MAJOR MOVERS: Among the notable gainers was Ann Inc. (ANN), which surged $7.69, or 19.87%, to $46.40 after agreeing to be acquired by Ascena Retail Group (ASNA) for about $2.15B in cash and stock. Ascena, which agreed to pay $37.34 in cash and 0.68 of a share of its own common stock in exchange for each share of the parent of the Ann Taylor brand, slipped 14c, or 0.99%, to $14.07 after announcing the deal. Also higher was Achillion (ACHN), which rose $1.41, or 14.79%, to $10.98 after the company cancelled its presentation at the UBS Global Healthcare Conference. Conference cancellations often generate speculation as to whether a company is engaged in merger or acquisition talks. Among the noteworthy losers was Eleven Biotherapeutics (EBIO), which dropped $8.29, or 69.26%, to $3.68 after announcing the company’s Phase 3 study of its lead drug candidate, EBI-005, in moderate to severe dry eye disease did not meet either of its two co-primary endpoints. Also lower were shares of Weibo (WB), which fell 87c, or 5.24%, to $15.73 after the shares were downgraded to Hold from Buy at Summit Research. INDEXES: The Dow rose 26.32, or 0.14%, to 18,298.88, the Nasdaq gained 30.15, or 0.6%, to 5,078.44, and the S&P 500 added 6.47, or 0.3%, to 2,129.20.
09:43 EDTWBWeibo downgraded to Hold from Buy at Summit Research
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May 15, 2015
11:31 EDTWBInvestors likely to be slightly cautious on Weibo in near-term, says Piper
Piepr Jaffray says that Weibo's guidance was "relatively weak" due to the timing of its revenue from Alibaba (BABA). However, the firm thinks the acceleration in Weibo's user growth to 38% from 36% is a positive sign, and it keeps a $22 price target and Overweight rating on the shares.
10:32 EDTSINASINA price target raised to $65 from $49 at Piper Jaffray
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10:09 EDTWBInvestors likely to be slightly cautious on Weibo in near-term, says Piper
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May 14, 2015
19:02 EDTWBOn The Fly: After Hours Movers
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16:36 EDTWBWeibo sees Q2 revenue $102M-$105M, consensus $111.39M
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16:35 EDTWBWeibo reports 198M monthly active users in March, up 38% y/y
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16:33 EDTWBWeibo reports Q1 adjusted EPS 1c, consensus 1c
Reports Q1 revenue $96.3M, consensus $94.64M.
16:33 EDTSINASINA reports Q1 EPS (4c), consensus (1c)
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15:16 EDTSINASINA technical comments ahead of earnings
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15:01 EDTSINANotable companies reporting after market close
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14:53 EDTWBWeibo technical comments before earnings news
On the daily chart ahead of earnings news, the key technical feature is a potential bullish pennant. The pattern is technically already in progress, but it will now be earnings news that determines whether or not that pattern remains active. If the news is bullish, potential for the pattern is to the $20 to $20.50 level. This is the point from which the downtrend of last year began in November. Resistance above $20.50 would be at $21.48. If the news is bearish, then the currently technical bullish tone of the pattern could result in a loss as deep as the potential target upside. The first level of significance on the downside is the 50-day moving average at $14.99. Next support on a breakdown below that average would be at $14.13 and $13.11.

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