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Stock Market & Financial Investment News

News Breaks
July 23, 2014
15:30 EDTWFT, TSCO, SKX, CTXS, NXPI, ETFC, ORLY, CCI, FB, AVB, GILD, T, TRIP, ILMN, QCOMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include AT&T (T), consensus 63c; Facebook (FB), consensus 32c; QUALCOMM (QCOM), consensus $1.22; Gilead (GILD), consensus $1.79; Crown Castle (CCI), consensus $1.01; Illumina (ILMN), consensus 51c; Avalonbay (AVB), consensus $1.66; O'Reilly Automotive (ORLY), consensus $1.85; TripAdvisor (TRIP), consensus 61c; Citrix (CTXS), consensus 61c; Tractor Supply (TSCO), consensus 95c; E*TRADE (ETFC), consensus 23c; Skechers (SKX), consensus 40c; Weatherford International (WFT), consensus 21c; NXP Semiconductors (NXPI), consensus $1.06
News For T;FB;QCOM;GILD;CCI;ILMN;AVB;ORLY;TRIP;CTXS;TSCO;ETFC;SKX;WFT;NXPI From The Last 14 Days
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December 4, 2014
13:39 EDTFBTarget executive says tough to choose between TV, Facebook, BI reports
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09:01 EDTGILDVA negotiated $594 per dose price for Gilead HCV treatment
A Veterans Health Administration official told a Senate committee yesterday that Veterans' Affairs has "moved rapidly to deploy new, more effective, less toxic HCV treatments and has been able to negotiate significant discounts for these newer therapies." The agency negotiated a price of $594 per dose for Gilead's (GILD) Hepatitis C virus drug Sofosbuvir, below the commercial price of $1,000 per dose, VHA Chief Consultant for Pharmacy Benefits Management Michael Valentino told the Senate's Committee on Veterans' Affairs. The agency also received a $413 per dose price for Johnson & Johnson's (JNJ) Simeprevir, below the commerical price of $790. The VA has approximately 174,000 veterans in care with HCV, making it the largest single HCV provider in the U.S., Valentino pointed out. He added, "Like the rest of the country, VA has treated only a portion of Veterans for HCV because treatment and cures have been difficult to achieve due to low efficacy and high toxicity of standard drug therapies." Reference Link
06:43 EDTFBFacebook and ESET announce partnership to fight malware
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06:40 EDTWFTWeatherford price targtet lowered to $20 on updated guidance at Credit Suisse
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06:05 EDTQCOMStocks with implied volatility below IV index mean; WFM QCOM
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December 3, 2014
16:30 EDTILMNOn The Fly: Closing Wrap
Stocks on Wall Street opened quietly and trading remained muted through another session. Despite a host of economic data, including the Fedís Beige book report, the market moved in a narrow range, albeit toward record levels. The Fedís report confirmed the economy continues to improve, but at a slow pace. ECONOMIC EVENTS: In the U.S., Automatic Data Processing reported private payrolls increased 208k in November, versus expectations for 222K. Q3 nonfarm productivity grew 2.3%, versus expectations for an increase of 2.4%. Markit's final services PMI for November dropped to 56.2, which was below the 56.3 November flash print and down from October's 57.1 reading. The Institute for Supply Management's composite non-manufacturing index jumped to 59.3 in November from 57.1 in October, beating expectations for it to remain unchanged. The Federal Reserve Beige Book stated that the country's economy continued to expand in October and November. Consumer spending rose in most areas and the employment situation improved in many areas, while demand for nonfinancial services rebounded and lending held steady or increased, districts reported to the central bank. COMPANY NEWS: Carbonite (CARB) jumped $2.68, or 22.79%, to $14.44 after J2 Global (JCOM) offered to acquire all of the company's outstanding shares for $15.00 per share in cash. Carbonite's board will carefully "review and consider the offer," the company announced following its receipt of the unsolicited takeover bid. Investors reacted favorably to J2 Global's offer, sending its shares up $3.36, or 5.9%, to $60.33 as well. MAJOR MOVERS: Among the notable gainers was Sequenom (SQNM), which rose 72c, or 23.61%, to $3.77 after the company and a unit of Illumina (ILMN) agreed to settle all their pending infringement claims. Also higher was UTi Worldwide (UTIW), which jumped $2.34, or 20.28%, to $13.88 after Bloomberg, citing people with knowledge of the matter, reported that the company could reach an agreement to sell itself to Denmark-based DSV A/S as soon as this month. Among the noteworthy losers was Puma Biotechnology (PBYI), which sunk $27.33, or 12.15%, to $197.67 after the company delayed the filing for neratinib from the first half of 2015 to Q1 of 2016. Also lower were Class B shares of Brown-Forman (BF.B), which fell $3.75, or 3.91%, to $92.25 after the maker of Jack Danielís and other spirits reported lower than expected earnings and lowered its FY15 EPS view. INDEXES: The Dow rose 33.07, or 0.18%, to 17,912.62, the Nasdaq gained 18.66, or 0.39%, to 4,774.47, and the S&P 500 added 7.78, or 0.38%, to 2,074.33.
16:00 EDTFB, GILDOptions Update; December 3, 2014
iPath S&P 500 VIX Short-Term Futures down 45c to 26.52. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX C GILD RIG ABX according to Track Data.
12:39 EDTILMNOn The Fly: Midday Wrap
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12:11 EDTSKXSkechers management to meet with Sterne Agee
Meeting to be held in London on December 10 hosted by Sterne Agee.
11:35 EDTFBStocks with call strike movement; ANF FB
Abercrombie & Fitch (ANF) May 35 call option implied volatility decreased 13% to 34, Facebook (FB) March 82.5 call option implied volatility increased 2% to 32 according to IVolatility.
10:50 EDTTFCC restarts clock on Time Warner Cable/Comcast and AT&T/DirecTV deals
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10:47 EDTILMNSequenom settlement positive but reflected in stock price, says Ladenburg
Ladenburg views the settlement reached between Sequenom (SQNM) and Illumina (ILMN) as a near-term positive for Sequenom that gives more clarity on the competitive landscape, lowers its legal expenses and brings in needed capital. However, the firm believes the near-term financial benefit is reflected in the stock's valuation and maintains its Neutral rating on Sequenom shares.
10:00 EDTWFTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Aldeyra (ALDX) initiated with a Buy at Ascendiant... Baker Hughes (BHI) initiated with a Perform at Oppenheimer... Belmond Ltd (BEL) initiated with an Outperform at JMP Securities... Bruker (BRKR) initiated with a Buy at BTIG... Cepheid (CPHD) initiated with a Neutral at BTIG... ClubCorp (MYCC) initiated with a Buy at KeyBanc... GenMark (GNMK) initiated with a Buy at BTIG... Halliburton (HAL) initiated with an Outperform at Oppenheimer... MetLife (MET) initiated with a Neutral at Atlantic Equities... PerkinElmer (PKI) initiated with a Neutral at BTIG... Principal Financial (PFG) initiated with an Overweight at Atlantic Equities... Prudential (PRU) initiated with an Overweight at Atlantic Equities... SanDisk (SNDK) initiated with a Buy, $125 target at Citigroup... Schlumberger (SLB) initiated with an Outperform at Oppenheimer... Talmer Bancorp (TLMR) initiated with an Outperform at Fig Partners... W.P. Carey (WPC) initiated with a Neutral at Citigroup... WNS Holdings (WNS) initiated with a Buy at Maxim... Weatherford (WFT) initiated with an Outperform at Oppenheimer.
09:35 EDTGILDActive equity options trading
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09:23 EDTILMNOn The Fly: Pre-market Movers
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08:10 EDTTDISH downgraded to Sell with $67 target at Wunderlich
Wunderlich downgraded DISH (DISH) to Sell from Hold saying it sees only a 30% chance of all the company's spectrum getting monetized in 2015. Further, Wunderlich believes spectrum owned by Verizon (VZ) and AT&T (T) is worth more than DISH's spectrum, making auction valuation extrapolations "tricky." The firm raised its price target for DISH shares to $67 from $60.
07:14 EDTFBBusiness Insider to hold a conference
Business Insider IGNITION 2014 Conference is being held in New York on December 1-3 with webcasted company presentations to begin on December 3 at 8 am; not all company presentations may be webcasted. Webcast Link
07:11 EDTWFTCowen to hold a conference
4th Annual Ultimate Energy Conference is being held in New York on December 2-3 with webcasted company presentations to begin on December 3 at 8 am; not all company presentations may be webcasted. Webcast Link
06:07 EDTILMNIllumina and Sequenom end patent dispute with partnership in prenatal testing
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06:04 EDTQCOMStocks with implied volatility below IV index mean; WFM QCOM
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