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Stock Market & Financial Investment News

News Breaks
March 6, 2012
10:31 EDTYHOO, A, VRA, AFFX, GOOG, WAT, TMO, GNRC, DOX, NSR, MITK, LECO, SNCR, DUSA, YNDX, ATU, NUAN, GDOT, SNSSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Sunesis Pharmaceuticals (SNSS) initiated with a Buy at Canaccord...Yandex (YNDX) initiated with a Neutral at UBS...Mitek Systems (MITK) initiated with an Outperform at JMP Securities...Green Dot (GDOT) initiated with a Buy at Roth Capital...Dusa Pharmaceuticals (DUSA) initiated with a Buy at C.K. Cooper...NeuStar (NSR) initiated with a Market Perform at Wells Fargo...Nuance (NUAN) initiated with a Market Perform at Wells Fargo...Synchronoss (SNCR) initiated with an Outperform at Wells Fargo...Amdocs (DOX) initiated with an Outperform at Wells Fargo...Actuant (ATU) initiated with a Buy at Stifel Nicolaus...Lincoln Electric (LECO) initiated with a Buy at Stifel Nicolaus...Generac (GNRC) initiated with a Hold at Stifel Nicolaus...Thermo Fisher (TMO) initiated with an Overweight at Morgan Stanley...Affymetrix (AFFX) initiated with an Underweight at Morgan Stanley...Agilent (A) initiated with an Overweight at Morgan Stanley...Waters (WAT) initiated with an Overweight at Morgan Stanley...Vera Bradley (VRA) initiated with an Outperform at William Blair...Yahoo! (YHOO) initiated with a Neutral at Nomura...Google (GOOG) initiated with a Buy at Nomura.
News For SNSS;YNDX;MITK;GDOT;DUSA;NSR;NUAN;SNCR;DOX;ATU;LECO;GNRC;TMO;AFFX;A;WAT;VRA;YHOO;GOOG From The Last 14 Days
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May 13, 2015
06:55 EDTYHOOInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link
06:11 EDTGOOGBoeing ends work on only small satellite program, WSJ reports
Boeing is no longer working on a program for HySpecIQ, a private equity-backed startup, which had ordered two Boeing 502 Phoenix satellites that were expected to be launched in 2018, The Wall Street Journal reports. Boeing has ended work on the imaging spacecraft, its only small satellite order, due to the downturn in the natural resources market, the publication adds.
06:09 EDTYHOOYahoo implied volatility of 22 at lower end of index mean range
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May 12, 2015
16:25 EDTTMO, YHOOOn The Fly: Top stock stories for Tuesday
Stocks began the session deep in negative territory as bond yields in Europe and the U.S. were moving higher. The market saw its lows shortly after the open and soon began to recapture some of its losses. By noon, the losses were cut in half and the Dow made it all the way back to positive ground by the afternoon. Unable to gather any upside momentum, the rally stalled and the averages limped into the close. ECONOMIC EVENTS: In the U.S., the National Federation of Independent Business' small business optimism rose 1.7 points to 96.9 in April, versus expectations for a 96.0 reading. The JOLTs report showed job openings fell 150K to 4.99M in March, versus expectations for 5.11M openings. The 10-year U.S. Treasury yield climbed at high as 2.37% earlier in the session, which was its highest intraday mark since last November, before easing back by midday. Outside of the U.S., bond yields surged on 10-year notes in Japan, Italy, Spain, Portugal, and Germany. COMPANY NEWS: Shares of AOL (AOL) advanced $7.93, or 18.62%, to $50.52 after Verizon (VZ) agreed to buy the company for $50 per share in a deal valued at $4.4B. Verizon's John Stratton, speaking at the Jefferies 2015 Global TMT Conference, said the AOL deal was primarily about ad technology and Re/code reported that "one scenario" the service has heard about is that Verizon plans to spin off some or all of the content operations it is acquiring by buying AOL, such as the Huffington Post. Yahoo (YHOO) also rose 24c, or 0.55%, to $43.84, as Cantor Fitzgerald analyst Youssef Squali said he now views it as the "last remaining large scale digital media company of its kind." MAJOR MOVERS: Among the notable gainers was Pall Corp. (PLL), which advanced $19.31, or 19.44%, to $118.62 after The Wall Street Journal reported that the company is near a possible sale and listed Danaher (DHR) and Thermo Fisher (TMO) as potential buyers. Also higher was Pain Therapeutics (PTIE), which gained 68c, or 35.05%, to $2.62 after announcing that a study of its lead drug candidate, that is specifically designed to discourage certain common methods of drug tampering and misuse, demonstrated with statistical significance that both intact and chewed Remoxy were less "liked" than immediate-release oxycodone on the two primary endpoints of Drug Liking and Drug High. Among the noteworthy losers was ITT Educational Services (ESI), which plunged $1.75, or 43.53%, to $2.27 after the SEC announced that it had charged the company, along with its CEO and CFO, with fraud. Also lower were shares of NewLink Genetics (NLNK), which dropped $15.59, or 29.9%, to $36.55 after stating that it would continue its flagship IMPRESS trial as planned despite disclosing the FDA did not endorse management's plan to change the statistical analysis plan as defined in the original protocol. INDEXES: The Dow fell 36.94, or 0.2%, to 18,068.23, the Nasdaq slid 17.38, or 0.35%, to 4,976.19, and the S&P 500 dropped 6.21, or 0.29%, to 2,099.12.
14:04 EDTTMOPall Corp. a better strategic fit for Thermo Fisher than Danaher, says Mizuho
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12:34 EDTTMO, YHOOOn The Fly: Top stock stories at midday
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11:47 EDTGOOG, YHOOYouTube's engineering head Panchapakesan dies, Re/code reports
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11:14 EDTYHOOAOL premium low but likely best bet for AOL shareholders, Bloomberg says
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10:45 EDTTMOAnalyst says Pall deal may spark more life sciences M&A
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10:31 EDTYHOOCantor sees higher bid for AOL unlikely, positive on Yahoo
Cantor Fitzgerald analyst Youssef Squali downgraded AOL (AOL) two notches to Sell from Buy after Verizon (VZ) agreed to acquire the company for $50 per share. Squali finds the takeover valuation "relatively fair" and believes a higher bidder for AOL is unlikely to emerge. The analyst believes the transaction could be positive for Yahoo (YHOO), which he views as the "last remaining large scale digital Media company of its kind." Squali has a Buy rating on Yahoo with a $60 price target.
09:47 EDTTMOPall Corp. bids due later this week, CNBC's Faber reports
David Faber on CNBC reported that bids for Pall Corp. (PLL) from Danaher (DHR) and Thermo Fisher (TMO) are due later this week. The auction is being led by Goldman Sachs (GS), Faber adds. He notes Danaher is likely going to offer an all-cash bid whereas Thermo Fisher will use up to $2B of equity. Faber said an offer price of $120 per share for Pall is likely the top of the range. The Wall Street Journal reported last night some of these details.
09:38 EDTYHOOActive equity options trading on open
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09:14 EDTGOOGApps World to hold a conference
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07:46 EDTTMODanaher has upper hand to acquire Pall, says Jefferies
After the Wall Street Journal reported that Pall Corp. (PLL) is near a possible sale and listed Danaher (DHR) and Thermo Fisher (TMO) as potential buyers, Jefferies says it believes Danaher has the upper hand in getting the deal done given its greater relative balance sheet capacity. The firm views both companies as logical buyers for Pall and notes a takeout bid of around $13B implies a share price of $120. The firm has a Buy rating on Pall.
07:31 EDTTMOThermo Fisher acquisition of Pall Corp. could create 'powerhouse,' says UBS
UBS noted Thermo Fisher (TMO) was mentioned in a media report as a possible suitor for Pall Corp. (PLL) and feels if the two combine it could create a bio-production "powerhouse." The firm sees a potential deal as accretive and creating unparalleled scale. UBS also said that, based on current valuation, the potential for a deal is barely being priced into Thermo Fisher shares. UBS reiterated its Buy rating and $160 price target on Thermo Fisher shares.
07:00 EDTGOOGPublishers contend with Facebook clout as traffic-driving power grows, WSJ says
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06:53 EDTGOOGGoogle sees India business doubling every year, Economic Times says
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06:30 EDTTMOPall volatility flat, Danaher, Thermo Fisher to submit final bids, WSJ reports
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06:07 EDTGOOGGoogle's Urmson: Self-driving cars not the cause of accidents, Medium reports
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06:04 EDTGOOGGoogle's self-driving cars in three collisons since September, AP reports
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