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Stock Market & Financial Investment News

News Breaks
February 14, 2014
11:43 EDTTRLA, MOVE, ZTrulia plummets after fourth quarter profit misses expectations
Shares of real estate search engine Trulia (TRLA) are plunging after the company’s fourth quarter profit missed estimates. WHAT'S NEW: Last night, Trulia reported Q4 adjusted earnings per share of 3c and revenue of $49.7M, compared to expectations of 7c and $49.62M, respectively. Monthly unique visitors in Q4 were 35.3M, an increase of 49% from 23.6M in the same period last year. Mobile monthly unique visitors in the Q4 were 14.3M, an increase of 86% from 7.7M in the same period last year. Total subscribers as of December 31, 2013 were approximately 59,700, an increase of approximately 3,300 from September 30, 2013. Average monthly revenue per subscriber for Q4 was $179, a 4% increase from $172 in the same period last year. WHAT’S NOTABLE: The company’s revenue forecast for the first quarter and fiscal 2014 were in-line with consensus estimates. ANALYST REACTION: This morning, research firm RBC Capital lowered its price target on the shares to $45 from $54. The firm said it would have liked to have seen the company report higher revenue, but thought the company's long-term fundamentals are intact. It reiterated an Outperform rating on the stock. PRICE ACTION: In morning trading, Trulia dropped $6.53, or 17.9%, to $29.90 on nearly six times its average daily trading volume. Including today’s slide, the stock has lost approximately 1% over the past twelve months. OTHERS TO WATCH: Shares of Zillow (Z), which is also in the real estate search space, are down over 6.5% in late morning trading, while Move, Inc. (MOVE) is down 5.6%.
News For TRLA;Z;MOVE From The Last 14 Days
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April 22, 2014
10:00 EDTZOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CommonWealth REIT (CWH) downgraded to Sell from Hold at Stifel... Del Frisco's (DFRG) downgraded to Market Perform from Outperform at Raymond James... Deutsche Bank (DB) downgraded to Neutral from Buy at UBS... Diageo (DEO) downgraded to Market Perform from Outperform at Raymond James... Eni SpA (E) downgraded to Neutral from Buy at UBS... Fidelity & Guaranty Life (FGL) downgraded to Neutral from Outperform at Credit Suisse... Frontier Communications (FTR) downgraded to Hold from Buy at Gabelli... QEP Resources (QEP) downgraded to Equalweight from Overweight at Barclays... Rogers Communications (RCI) downgraded to Sell from Hold at Canaccord... Rush Enterprises (RUSHA) downgraded to Underperform from Buy at BofA/Merrill... TSMC (TSM) downgraded to Neutral from Overweight at HSBC... Valero (VLO) downgraded to Neutral from Buy at BofA/Merrill... Wisconsin Energy (WEC) downgraded to Fair Value from Buy at CRT Capital... Zillow (Z) downgraded to Fair Value from Buy at CRT Capital... Zions Bancorp (ZION) downgraded to Equal Weight from Overweight at Evercore.
09:03 EDTMOVEMove and RE/MAX sign Approved Supplier agreement
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06:46 EDTZZillow downgraded to Fair Value from Buy at CRT Capital
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April 21, 2014
11:41 EDTMOVEMove, Inc. shares recommended at B. Riley
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08:03 EDTTRLATrulia signs new direct data license with My Florida Regional MLS
Trulia has signed a direct data license with My Florida Regional MLS to provide brokers the option to directly syndicate their listings to Trulia.
April 16, 2014
16:20 EDTMOVEPoint72 lowers passive stake in Move, Inc. to 6.1% from 6.6%
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April 11, 2014
12:42 EDTTRLA, ZOn The Fly: Analyst Initiation Summary
ASML (ASML) initiated with a Cautious at ISI Group... Analog Devices (ADI) initiated with a Buy at ISI Group... Applied Materials (AMAT) initiated with a Strong Buy at ISI Group... Aruba Networks (ARUN) initiated with a Buy at SunTrust... Broadcom (BRCM) initiated with a Neutral at ISI Group... CSX (CSX) initiated with an Outperform at Macquarie... Cisco (CSCO) initiated with a Buy at SunTrust... F5 Networks (FFIV) initiated with a Neutral at SunTrust... Genesee & Wyoming (GWR) initiated with a Neutral at Macquarie... Intel (INTC) initiated with a Neutral at ISI Group... Juniper (JNPR) initiated with a Buy at SunTrust... KLA-Tencor (KLAC) initiated with a Neutral at ISI Group... Lam Research (LRCX) initiated with a Strong Buy at ISI Group... Linear Technology (LLTC) initiated with a Cautious at ISI Group... Maxim Integrated (MXIM) initiated with a Neutral at ISI Group... Micron (MU) initiated with a Strong Buy at ISI Group... NVIDIA (NVDA) initiated with a Neutral at ISI Group... NXP Semiconductors (NXPI) initiated with a Strong Buy at ISI Group... Qualcomm (QCOM) initiated with a Strong Buy at ISI Group... Riverbed (RVBD) initiated with a Neutral at SunTrust... SanDisk (SNDK) initiated with a Neutral at ISI Group... Teradyne (TER) initiated with a Buy at ISI Group... Texas Instruments (TXN) initiated with a Neutral at ISI Group... Trulia (TRLA) initiated with a Neutral at Susquehanna... Union Pacific (UNP) initiated with a Neutral at Macquarie... Zillow (Z) initiated with a Positive at Susquehanna... Flamel Technologies (FLML) initiated with a Buy at Roth Capital... Parker Drilling (PKD) initiated with an Accumulate at Tudor Pickering.
06:42 EDTTRLATrulia initiated with a Neutral at Susquehanna
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06:42 EDTTRLATrulia initiated with a Fair Value at CRT Capital
Target $37.
April 10, 2014
16:10 EDTZZillow initiated with a Positive at Susquehanna
Target $115.
10:06 EDTZZillow volatility elevated on tight price movement
Zillow April call option implied volatility is at 60, May is at 71, August is at 57; above its 26-week average of 53 according to Track Data, suggesting large price movement.

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