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Stock Market & Financial Investment News

News Breaks
April 1, 2014
13:48 EDTSSYS, DDDStratasys advances after analyst calls it best positioned in 3D sector
Shares of 3D printer maker Stratsys (SSYS) are higher after UBS initiated coverage of the stock with a Buy rating in a note to investors earlier today. WHAT'S NEW: 3D printing is "a disruptive innovation with a bright future," wrote UBS analyst Steven Milunovich. Stratasys is the best way to invest in this trend, partly due to its stronger execution than its peer, 3D Systems (DDD), along with the immediate potential of Stratasys' MakerBot unit, the analyst contended. Stratasys' earnings per share should rise 18% in 2014, while 3D Systems' earnings will be unchanged this year, Milunovich predicted. He set a $125 price target on Stratasys. WHAT'S NOTABLE: Milunovich initiated coverage of 3D Systems with a Neutral rating today. He thinks the company's near-term results are likely to be "bumpy" as it invests in its products and distribution this year. However, the analyst believes that 3D Systems' profits could surge in 2015. Moreover, the company's goals of increasing its revenues by 30% annually, excluding acquisitions, while raising its gross margin to 55%-60% are "aggressive but may be achievable," the analyst contended. He set a $62 price target on 3D Systems. PRICE ACTION: In early afternoon trading, Stratasys rose about 3% to trade near $109, while 3D Systems was down nearly 2%, to $58.
News For SSYS;DDD From The Last 14 Days
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August 20, 2014
07:23 EDTSSYSBrean Capital remains a buyer of Stratasys following management meetings
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August 14, 2014
09:11 EDTSSYS, DDDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Kohl's (KSS), up 2.5%... Plug Power (PLUG), up 10%... Perrigo (PRGO), up 4.5%. HIGHER: Aruba Networks (ARUN), up 3% after shares upgraded at Stifel... KaloBios (KBIO), up 7.9% after publication shows EphA3 as target for anticancer therapy... Supernus (SUPN), up 4.4% after receiving FDA fast track designation for SPN-810. DOWN AFTER EARNINGS: Noodles & Company (NDLS), down 22%... Vipshop (VIPS), down 5.8%. LOWER: ExOne (XONE), down 10.7%, Voxeljet (VJET), down 6.6%, after earnings reports. Peers in the 3D space are lower as well, with Stratasys (SSYS) down 1% and 3D Systems (DDD) down 0.2%... Enphase Energy (ENPH), down 2.6% after filing to sell common stock for holders... InterMune (ITMN), down 3% after downgraded at Goldman following yesterday's advance on Bloomberg report that the company received takeover bids from Sanofi (SNY), Roche (RHHBY).
08:43 EDTDDD3D Systems announces new Ohio facility
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August 13, 2014
11:56 EDTDDDStocks with call strike movement; JCP DDD
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10:29 EDTSSYSStratasys management to meet with Brean Capital
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08:49 EDTDDD3D Systems acquires APP, APM, terms not disclosed
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August 12, 2014
08:37 EDTDDD3D Systems adds 200K square foot manufacturing facility in South Carolina
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August 8, 2014
17:10 EDTSSYSMarket finishes week up slightly as earnings offset by political events
Stocks finished the week fractionally higher than where they started as strong corporate earnings reports and better than expected economic data was weighed against concerns about geopolitical issues and negative M&A news. MACRO NEWS: A few ongoing geopolitical conflicts worried investors and weighed on shares. Russia unveiled sanctions against Western countries, banning the import of a wide range of food items from the U.S, the EU and a few allied countries in response to sanctions recently enacted against it from G7 nations... President Obama authorized the bombing of rebels in Iraq and Hamas and Israel failed to reach a permanent truce... An ISM services index, the U.S. trade deficit for June, and weekly jobless claims were all better than expected. Meanwhile, the increase in unit labor costs last quarter came in below the consensus outlook, perhaps easing fears that the Fed will need to raise interest rates sooner than expected. COMPANY NEWS: On the M&A front, two huge potential deals fell through as 21st Century Fox (FOX, FOXA) withdrew its offer to acquire Time Warner (TWX) and Sprint (S) reportedly decided to end its pursuit of a merger with peer T-Mobile (TMUS)... President Obama indicated that his administration would take unilateral steps in an effort to prevent companies from carrying out tax inversion acquisitions. Among the deals or possible transactions that involve inversion are Medtronic's (MDT) acquisition of Covidien (COV), Valeant's (VRX) proposed takeover of Allergan (AGN) and Mylan's (MYL) acquisition of Abbott's (ABT) developed markets branded generics pharmaceuticals business. Meanwhile, Walgreen's (WAG) stock tumbled after the U.S. company said it would not structure its takeover of European drugstore chain Alliance Boots as a tax inversion deal... 21st Century Fox, 3D printer maker Stratasys (SSYS), chip maker NVIDIA (NVDA), brewer Molson Coors (TAP), and luxury accessories maker Coach (COH) all rose following their earnings reports. Conversely, Target (TGT), luxury accessories maker Michael Kors (KORS) and Internet coupon provider Groupon (GRPN) fell following their results or guidance... Gannett (GCI) struck a deal to acquire the remaining 73% interest in Classified Ventures, whose primary asset is the online car shopping website Cars.com, for $1.8B from the other partners in the venture, which include McClatchy (MNI), Tribune Media (TRBAA), Graham Holdings (GHC) and A. H. Belo (AHC). Gannett also announced plans to spin-off its Publishing business, which includes USA Today, through a tax-free distribution to shareholders... McDonald's (MCD) stock was little changed after the company reported that its comparable store sales fell 2.5% in July, which was significantly worse than expected. Food quality issues weighed on the fast food company's sales in Asia and as a result of the China supplier issue, the company warned its previously issued global comparable sales forecast for 2014 is now at risk. INDEXES: The Dow finished the week up 0.35% to 16,553.93, the S&P 500 rose 0.32% to 1,931.59, and the Nasdaq gained 0.41% to 4,370.90.
10:00 EDTSSYSOn The Fly: Analyst Downgrade Summary
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08:50 EDTSSYSStratasys downgraded to Hold from Buy at Gabelli
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07:58 EDTSSYSStratasys price target raised to $150 form $120 at Canaccord
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07:32 EDTSSYSStratasys price target raised to $135 from $120 at UBS
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05:50 EDTSSYSStratasys price target raised to $145 from $125 at Piper Jaffray
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August 7, 2014
17:06 EDTSSYSOn The Fly: Closing Wrap
Stocks on Wall Street began the session in positive territory and appeared ready to build on yesterday’s gains. There was little to point to as a catalyst, but the early move was likely helped by better than expected initial jobless claims data and an agreement to an extended ceasefire by between Gaza and Israel. The market saw its highs shortly after the open and then began to drift lower. By noon each of the major equity indexes had crossed into negative ground and by mid-afternoon the sellers were in control and renewed the selling trend that has been prevalent in recent sessions. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 14K to 289K in the week ended August 2, versus expectations for 300K new claims. Consumer credit grew by $17.3B in June, versus expectations for it to have increased $18.3B for the month. In Europe, both the European Central Bank and the Bank of England decided to keep their main interest rates unchanged. COMPANY NEWS: 21st Century Fox (FOXA) advanced $1.63, or 5.04%, to $33.96 after the company reported higher than expected fourth quarter earnings and the stock was upgraded to Market Perform from Underperform at Cowen. Chairman and CEO Rupert Murdoch spoke on the company's earnings conference call, which is a bit outside of the recent norm, and said the company's decision to no longer pursue an acquisition of Time Warner (TWX) is "resolute." Chief Operating Officer Chase Carey echoed that the company is "done" as far as Time Warner and added that 21st Century Fox says will not pursue any other content company. MAJOR MOVERS: Among the notable gainers was inContact (SAAS), which gained $1.34, or 17.45%, to $9.02 and was upgraded at Oppenheimer and Benchmark Co. after reporting better than expected Q2 results. Also higher was Stratasys (SSYS), which rose $14.78, or 14.94%, to $113.69 after the company reported stronger than expected second quarter results and raised its guidance. Among the noteworthy losers was Thoratec (THOR), which fell $9.83, or 30.18%, to $22.74 and was downgraded by at least four Street firms following the company's Q2 miss and lowered guidance. Also lower after its earnings report were shares of Coupons.com (COUP), which fell $4.58, or 23.5%, to $14.91. INDEXES: The Dow fell 75.07, or 0.46%, to 16,368.27, the Nasdaq dropped 20.08, or 0.46%, to 4,334.97, and the S&P 500 slipped 10.67, or 0.56%, to 1,909.57.
12:14 EDTDDD, SSYSOn The Fly: Midday Wrap
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11:05 EDTDDD, SSYS3D printer makers advance after Stratasys' beat and raise report
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10:57 EDTSSYSStratasys rallies sharply after results, levels to watch
The stock is up over 20% at time of writing to $118.89. At that price next resistance is at $120.86, the session high, and then at $122.82. Support is at $114.35.
09:08 EDTSSYS, DDDOn The Fly: Pre-market Movers
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07:06 EDTSSYSStratasys ups FY14 EPS view $2.25-$2.35 from $2.15-$2.25, consensus $2.20
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07:03 EDTSSYSStratasys reports Q2 EPS 55c, consensus 45c
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