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Stock Market & Financial Investment News

News Breaks
December 6, 2012
12:01 EDTTRIP, STXStocks with call strike movement; STX TRIP
RT Options Scanner shows Seagate (STX) January 32 call option implied volatility decreased 1% to 45, TripAdvisor (TRIP) March 43 call option implied volatility decreased 2% to 44 according to iVolatilty.
News For TRIP;STX From The Last 14 Days
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June 30, 2015
07:41 EDTTRIPOnline travel trends point to solid Q2, says Piper Jaffray
Piper Jaffray analyst Michael Olson said analysis of travel industry trends through May point to a "solid" second quarter for online travel, noting his belief that Priceline (PCLN) has the most favorable risk/reward in the space given the stock's underperformance so far this year. In addition to an Overweight rating on Priceline, Olson keeps an Overweight on HomeAway (AWAY) and TripAdvisor (TRIP), but has a Neutral rating on Expedia (EXPE), citing its relative valuation.
June 29, 2015
08:08 EDTSTXJefferies sees recent weakness as attractive entry point in PC names
Jefferies analyst James Kisner cut his PC unit expectations for 2015 and 2016, citing recent negative data points including Micron's (MU) commentary and guidance, but added that he believes PC names may be finding a bottom and that the pullback in Western Digital (WDC), Seagate (STX), and HP (HPQ) creates an attractive entry point in all three stocks. Kisner sees the most potential upside in Western Digital, but lowered his price target on its shares to $116, and said HP may have the least potential downside, cutting his price target on the computer maker to $40.50. The firm keeps Buy rating on both HDD makers and on HP.
June 25, 2015
17:56 EDTSTXMicron plunges after Q3 results, guidance impacted by PC headwinds
Shares of PC related memory chip maker Micron Technology (MU) are plunging after reporting third quarter financial results and fourth quarter guidance that missed analyst expectations. WHAT'S NEW: After the close, Micron reported Q3 earnings per share of 54c on revenue of $3.85B, both shy of analyst estimates of 56c and $3.9B, respectively. Citing "near-term headwinds driven primarily by weakness in PC sector," Micron gave a fourth quarter revenue view of $3.45B-$3.7B which was significantly lower than analyst expectations of $4.16B. WHAT'S NOTABLE: On the company's earnings conference call, Micron said, consistent with prior expectations, "We are forecasting DRAM industry supply bit growth in the mid-20s in calendar 2015 and in the low-to-mid 20s in 2016." The company said it sees DRAM gross margins for Q4 down mid-single digits sequentially. Additionally, the chip maker said it sees Q4 DRAM bit growth flat to up low single digits. ANALYST TAKE: On June 22, Micron was downgraded to Sell from Neutral at Goldman Sachs. Goldman analyst Mark Delaney downgraded Micron Technology to Sell saying rising DRAM supply will lower selling prices and contract margins. Delaney expects DRAM prices to drop up to 30% over the next three quarters and cut his price target for shares to $19 from $27. On the same day, JP Morgan lowered its price target on Micron shares to $33 from $37. The firm also lowered its estimates for Micron citing lower than anticipated DRAM pricing in the past three months. The firm, however, kept an Overweight rating on Micron, saying improving demand in other segments like mobile and the company's decision to not hold inventory during Q3 should help offset the DRAM weakness. PRICE ACTION: Shares of Micron are lower by 11.5% in after- hours trading to $21.25. OTHER PC RELATED STOCKS: In after-hours trading, PC related chip makers are also lower, with Intel Corporation (INTC) down 0.9%, NVIDIA (NVDA) lower by 1.1%, and AMD (AMD) down fractionally. Others trading lower include Microsoft (MSFT), SanDisk (SNDK), Hewlett-Packard (HPQ), and Seagate (STX).
12:59 EDTTRIPOptions with increasing implied volatility
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June 23, 2015
12:54 EDTSTXPC concerns weighing on shares of Seagate, Western Digital
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11:00 EDTTRIPOptions with increasing implied volatility
Options with increasing implied volatility:TRIP WPZ CMG BIIB WMB AMZN ISRG VMW
06:25 EDTSTXWestern Digital downgraded to Neutral from Overweight at JPMorgan
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June 22, 2015
10:41 EDTTRIPOptions with increasing implied volatility
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June 19, 2015
14:07 EDTTRIPOptions with increasing implied volatility: NFLX CI TRIP AET
06:17 EDTTRIPEU gives Google critics one month to remark on antitrust charges, Reuters says
European Union antitrust regulators have sent copies of their charges against Google (GOOG) to critics of the company and given them a month to comment on the charges, Reuters reports, citing one of the complainants. Google has been accused by many companies of abusing its market power and cheating consumers and rivals by tweaking search results to favor its shopping service, the report says. 19 companies, including Microsoft (MSFT) and TripAdvisor (TRIP), are expected to receive the EU charge sheet, Reuters says. Reference Link
June 18, 2015
11:31 EDTTRIPOptions with increasing implied volatility
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07:37 EDTTRIPTripAdvisor deal attractive for Marriott, says UBS
UBS said the TripAdvisor (TRIP) deal is attractive for Marriott (MAR) since its adds a new customer acquisition outlet with a flexible partner. The firm also noted fear of further consolidation in the OTA space and the likelihood Marriott is at the low end of the commission scale. UBS reiterated its Neutral rating and $83 price target on Marriott shares.
June 17, 2015
17:19 EDTTRIPOn The Fly: Top stock stories for Wednesday
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15:44 EDTTRIPTripAdvisor gives back some gains into the close
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13:57 EDTTRIPInstant Book momentum may help TripAdvisor land top OTA, says Piper Jaffray
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13:36 EDTTRIPTripAdvisor up nearly 8% to $82.34 after striking partnership with Marriott
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12:34 EDTTRIPMarriott, TripAdvisor announce Instant Booking partnership
Marriott International (MAR) and TripAdvisor (TRIP) announced they are expanding their partnership and will add Marriott's global hotel portfolio to the TripAdvisor Instant Booking platform. Starting later this summer, travelers shopping for hotel rooms on TripAdvisor will be able to make a booking at any of Marriott's more than 4,200 hotels around the world without leaving the TripAdvisor site experience. The agreement also signifies a strategic partnership between Marriott and TripAdvisor to introduce new customers to Marriott's broad portfolio of 19 brands. TripAdvisor first launched its Instant Booking platform to U.S. consumers in June 2014, with a gradual roll out to other international markets expected over time. The platform provides a more efficient hotel booking experience for travelers.

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