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Stock Market & Financial Investment News

News Breaks
May 21, 2014
09:13 EDTCRM, CMRX, AEO, TGT, TSL, ST, PETM, INTU, EBAY, TIFOn The Fly: Pre-market Movers
HIGHER: Tiffany (TIF), up 7% after reporting earnings, raising its fiscal year profit view... Target (TGT), up 0.7% after reporting better than expected adjusted earnings, cutting its adjusted earning per share outlook... Trina Solar (TSL), up 10.7% following better than expected earnings... Chimerix (CMRX), up 2% after its 7.3M share secondary stock offering priced at $14.22 per share. LOWER: PetSmart (PETM), down 7% after quarterly and fiscal year profit guidance misses consensus view... Intuit (INTU), down 5.3% after reporting third quarter results and providing fourth quarter guidance below analyst estimates... American Eagle (AEO), down 3.6% after quarterly earnings view below consensus, says will close additional stores... salesforce.com (CRM), down 1% despite raising guidance for fiscal 2015... eBay (EBAY), down 1.6% after disclosing cyberattack, asking user to change passwords... Sensata (ST), down 1.6% after its 11.5M share secondary stock offering priced at $42.65 per share.
News For TGT;TIF;PETM;AEO;EBAY;ST;CMRX;INTU;TSL;CRM From The Last 14 Days
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January 27, 2016
19:30 EDTEBAYOn The Fly: After Hours Movers
UP AFTER EARNINGS: Facebook (FB), up 11.4%... Mellanox (MLNX), up 6.4%... Paypal (PYPL), up 5%... Crown Castle (CCI), up 2.2%... Citrix (CTXS), up 2.4%... Las Vegas Sands (LVS), up 1%... SanDisk (SNDK), up 1%. ALSO HIGHER: Radius Health (RDUS), up 1.2% after announcing a clinical collaboration with Novartis (NVS)... LinkedIn (LNKD) is up 2.4%, Alphabet (GOOG, GOOGL) is up 2.2% and 2.6%, respectively, Netflix (NFLX) is up 1%, Amazon.com (AMZN) is up 2%, and Twitter (TWTR) is up marginally after Facebook reported quarterly results... MGM Resorts (MGM) is up 2.2% and Wynn Resorts (WYNN) is up 2.2%. DOWN AFTER EARNINGS: ServiceNow (NOW), down 16.5%... eBay (EBAY), down 12.8%... United Rentals (URI), down 9.7%... Juniper Networks (JNPR), down 9.6%... Silicon Graphics (SGI), down 9.1%... Discover Financial (DFS), down 7.4%... InvenSense (INVN), down 6.1%... Core Laboratories (CLB), down 4.3%... Vertex Pharmaceuticals (VRTX), down 1.1%. ALSO LOWER: Incyte (INCY), down 12.8% after announcing that it will halt the Phase 2 sub-study of ruxolitinib or placebo in combination with regorafenib after a planned interim analysis of the high CRP subgroup demonstrated that ruxolitinib plus regorafenib did not show a sufficient level of efficacy to warrant continuation.
18:40 EDTEBAYeBay drops, PayPal climbs after quarterly results
Shares of eBay (EBAY) and PayPal (PYPL) diverged after the recently-split companies reported their respective fourth quarter results and gave guidance for the first quarter and fiscal 2016. WHAT'S NEW: eBay reported Q4 adjusted earnings per share of 50c, compared to consensus estimates of 50c, and Q4 revenue of $2.32B, in-line with analyst expectations of $2.32B. eBay provided Q1 adjusted EPS guidance of 43c-45c, below analyst estimates of 48c, and Q1 revenue guidance of $2.05B-$2.1B, against analyst expectations of $2.16B. eBay also gave FY16 adjusted EPS guidance of $1.82-$1.87, below analyst estimates of $1.98, and FY16 revenue guidance of $8.5B-$8.8B, below consensus expectation of $8.99B. PayPal reported Q4 adjusted EPS of 36c, above analyst estimates of 35c, and Q4 revenue of $2.56B, above consensus expectations of $2.51. PayPal gave Q1 adjusted EPS guidance of 34c-36c, above analyst estimates of 35c, and Q1 revenue guidance of $2.47B-$2.52B, compared to consensus expectations of $2.48B. PayPal also gave FY16 adjusted EPS guidance of $1.45-$1.50, compared to analyst estimates of $1.49, and FY16 revenue guidance of $10.5B-$10.7B, against consensus expectations of $10.68B. WHAT'S NOTABLE: eBay reported that its Q4 active buyer base was up 5% to 162M. The company also reported Q4 gross merchandise volume of $21.9B, while Marketplace GMV was $20.7B, and StubHub GMV was $1.2B. PayPal reported that Q4 total payment volume was up 29% to $82B and the active account base increased by 6.6M to 179M in Q4. Its Venmo subsidiary processed $2.5B of TPV in Q4, an increase of 174% year-over-year. PayPal also announced a new $2B share repurchase program. ANALYST REACTION: Piper Jaffray analyst Gene Munster issued a note following eBay's earnings announcement reiterating the firm's Neutral rating. Munster explained that eBay's disappointing guidance is consistent with his belief that the company will continue to struggle to return to eCommerce growth amid the structural shift away from eBay's intensive search model and towards automated, simplified online commerce platforms. Munster argued that repositioning eBay's brand in the consumer's mind will continue to be a challenge, though given the stock's valuation, those expectations appear to be priced in. PRICE ACTION: Shares of eBay are lower by 12.38% to $23.15 in after-hours trading, while shares of PayPal are up 5% to $33.18. TECHNICAL ANALYSIS: At eBay's current price, the next support is at $22.11, the 52-week low, and resistance is at $24.51.
16:07 EDTEBAYeBay drops after results
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16:06 EDTEBAYeBay sees FY16 adjusted EPS $1.82-$1.87, consensus $1.98
Sees FY16 revenue $8.5B-$8.8B, consensus $8.99B.
16:06 EDTEBAYeBay sees Q1 adjusted EPS 43c-45c, consensus 48c
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16:05 EDTEBAYeBay reports Q4 active buyer base up 5% to 162M
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16:02 EDTEBAYeBay reports Q4 adjusted EPS 50c, consensus 50c
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14:34 EDTEBAYNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 68c... Qualcomm (QCOM), consensus 90c... Texas Instruments (TXN), consensus 69c... McKesson (MCK), consensus $3.13... PayPal (PYPL), consensus 35c... Las Vegas Sands (LVS), consensus 65c... eBay (EBAY), consensus 50c... Crown Castle (CCI), consensus $1.10... Vertex (VRTX), consensus 17c... Discover (DFS), consensus $1.30... SanDisk (SNDK), consensus 89c... ServiceNow (NOW), consensus 8c... Lam Research (LRCX), consensus $1.43... Citrix Systems (CTXS), consensus $1.19... Hologic (HOLX), consensus 42c... Juniper (JNPR), consensus 59c... Cavium (CAVM), consensus 28c... Cirrus Logic (CRUS), consensus 81c.
14:33 EDTEBAYeBay January weekly 27 straddle priced for 7% movement into Q4
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12:29 EDTEBAYEarnings Watch: eBay to report Q4 earnings following 2015 holiday season
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08:00 EDTTIFTiffany, Coty announce new fragrance agreement
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07:49 EDTEBAYEBay volatility elevated into Q4 and outlook
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January 26, 2016
07:36 EDTCRMKKR leads funding round in Jitterbit
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January 25, 2016
10:22 EDTTIFOptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT SPWR NFLX CREE FFIV ISRG TIF MXIM QIHU IBM
10:09 EDTTSLTrina Solar downgraded to Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley analyst Sheng Zhong downgraded Trina Solar (TSL) to Equal Weight from Overweight and set a $11.10 price target on the shares as the analyst expects the stock to be range-bound under the price of $11.6 in cash per ADS proposed by Chairman's recent privatization proposal. The analyst, who still prefers module makers, named JinkoSolar (JKS) as the top pick in the solar space.
10:00 EDTAEOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Eagle (AEO) downgraded to Hold from Buy at BB&T... American Express (AXP) downgraded on weak revenue outlook at Argus... Bristol-Myers (BMY) downgraded to Market Perform from Outperform at BMO Capital... Caterpillar (CAT) downgraded to Sell from Neutral at Goldman... Crestwood Equity (CEQP) downgraded to Neutral on potential distribution cut at Baird... Cummins (CMI) downgraded to Neutral from Buy at Citi... Federal Realty (FRT) downgraded to Hold from Buy at Evercore ISI... GKN PLC (GKNLY) downgraded to Neutral from Outperform at Credit Suisse... Galapagos NV (GLPG) downgraded to Neutral from Buy at GoldmanvHortonworks (HDP) downgraded to Perform from Outperform at Oppenheimer... International Flavors (IFF) downgraded on headwinds at Stifel... International Paper (IP) downgraded to Neutral from Buy at Citi... JPMorgan (JPM) downgraded to Neutral from Buy at Nomura... KapStone (KS) downgraded to Underperform from Neutral at Macquarie... Mosaic (MOS) downgraded to Neutral from Overweight at JPMorgan... NetSuite (N) downgraded to Equal Weight from Overweight at Stephens... ONEOK Partners (OKS) downgraded to Neutral at Baird... OvaScience (OVAS) downgraded to Perform from Outperform at Oppenheimer... Packaging Corp. (PKG) downgraded to Neutral from Buy at Citi... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... Power Solutions (PSIX) downgraded to Neutral from Overweight at Piper Jaffray... Raymond James (RJF) downgraded to Neutral from Buy at Nomura... Regeneron (REGN) downgraded to Sell from Neutral at Chardan... SanDisk (SNDK) downgraded to Underperform from Outperform at CLSA... Toll Brothers (TOL) downgraded to Market Perform from Outperform at JMP Securities... Twitter (TWTR) downgraded to Hold from Buy at Stifel... WPX Energy (WPX) downgraded to Sector Perform from Outperform at Iberia... WestRock (WRK) downgraded to Neutral from Buy at BofA/Merrill... Whole Foods (WFM) downgraded to Underperform from Market Perform at BMO Capital... Zurich Insurance (ZURVY) downgraded to Neutral from Outperform at Exane BNP Paribas.
09:58 EDTTSLTrina Solar downgraded to Equal Weight from Overweight at Morgan Stanley
09:38 EDTTIFTiffany management to meet with Oppenheimer
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08:55 EDTAEOAmerican Eagle downgraded to Hold from Buy at BB&T
BB&T downgraded American Eagle based on valuation.
05:49 EDTCRMSalesforce implied volatility of 34 at lower end of index mean range
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