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April 1, 2013
09:04 EDTEBAY, NTT, VRNG, BCRX, STM, AM, SNE, CLF, PC, RT, TSLA, HMC, NMR, UAL, KWKOn The Fly: Pre-market Movers
HIGHER: Tesla (TSLA), up 13.5% after announcing Model S sales exceeded its target, saying it expects to be profitable in Q1... American Greetings (AM), up 12.4%, agrees to be acquired by Weiss family for $18.35 per share... Quicksilver (KWK), up 18.7% after selling 25% interest in Barnett Shale assets... BioCryst (BCRX), up 30%, after saying FDA outlined pathway by which company could file NDA seeking approval of intravenous peramivir... Vringo (VRNG), up 9.8% after announcing suit filed against ZTE... Cliffs Natural (CLF), up 3.4% after being added to Analyst Focus list at JPMorgan... eBay (EBAY), up 2.6% after upgrade at Canaccord, several price target increases after company's analyst day meeting on Thursday... Ruby Tuesday (RT), up 6.7%, STMicroelectronics (STM), up 4% following positive mentions in Barron's... LOWER: United Continental (UAL), down 3.2% after downgrade at Evercore... SEVERAL JAPANESE STOCKS LOWER: Panasonic (PC), down 5.2%, after WSJ says company investigated for alleged bribery by U.S., company confirms intent to delist from NYSE on April 22, general weakness in Japanese stocks. Shares of several other Japanese companies trading in New York lower after Nikkei index closed down over 2% following the Bank of Japan's quarterly Tankan survey showing confidence among large Japanese manufacturers saw a only a modest uptick. Names trading lower include Nomura (NMR), Sony (SNE), Nippon Telegraph and Telephone (NTT), and Honda (HMC).
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September 22, 2015
12:54 EDTSNEGoPro CEO says market share has grown since Sony entered market
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12:53 EDTSNEGoPro CEO says competitors like Sony have helped grow total reach
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10:52 EDTTSLAStocks with call strike movement; AA TSLA
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10:00 EDTAMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Midstream (AM) upgraded to Outperform from Neutral at Credit Suisse... China Southern Airlines (ZNH) upgraded to Neutral from Underperform at Macquarie... DuPont (DD) upgraded to Buy from Neutral at Citi... Entergy (ETR) upgraded to Overweight from Equal Weight at Barclays... HSBC (HSBC) upgraded to Conviction Buy from Buy at Goldman... KLA-Tencor (KLAC) upgraded to Buy from Neutral at Nomura... Total (TOT) upgraded to Buy from Hold at Societe Generale.
09:33 EDTTSLAActive equity options trading on open
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09:20 EDTUALUnited Airlines planning services from U.S. to Xian, Reuters reports
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06:14 EDTTSLATesla set to launch Model X at September 29 event, Verge reports
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05:37 EDTAMAntero Midstream upgraded to Outperform from Neutral at Credit Suisse
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05:20 EDTUALUnited Continental implied volatility of 36 at lower end of index mean range
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September 21, 2015
16:53 EDTSNE, TSLAOn The Fly: Top stock stories for Monday
Stocks on Wall Street began the session in positive territory and remained there for most of the morning. The Nasdaq was the first index to show signs of weakness after Hillary Clinton pledged to address the high cost of specialty drugs, sinking multiple biotech stocks. The averages later recovered from their afternoon lows, with both the Dow and S&P posting gains and the Nasdaq narrowly finishing in the green after Monday's drug pricing debate. ECONOMIC EVENTS: In the U.S., existing home sales fell 4.8% to a 5.31M rate in August, versus expectations for them to be down 1.6% to a rate of 5.5M. Over the weekend, three Federal Reserve officials, namely San Francisco Fed President John Williams, St. Louis Fed President James Bullard and Richmond Fed President Jeffrey Lacker, all argued that an interest-rate increase is still warranted this year. COMPANY NEWS: Biotech stocks declined after privately-held Turing Pharmaceuticals made headlines by enacting a 5,000% price increase on its treatment for toxoplasmosis, reigniting a debate around drug prices that previously embroiled costly Hepatitis C drugs including AbbVie's (ABBV) Viekira Pak and Gilead's (GILD) Sovaldi and Harvoni. Presidential candidate Hillary Clinton sent the debate to center stage by criticizing the "outrageous" prices of specialty drugs and promising to lay out a plan tomorrow to tackle "price gouging" in the specialty drug market. The NASDAQ Biotechnology index fell roughly 4.4% following the attention paid to Turing's drug and Clinton's response... Shares of Volkswagen (VLKAY) trading in New York dropped 17.1% to $30.10 after the EPA and California Air Resources Board detected manipulations that violate U.S. environmental standards while testing certain Volkswagen diesel cars. The EPA said Volkswagen may face civil penalties of $37,500 for each vehicle not in compliance with federal clean air rules, which could total as much as $18B, according to Reuters... Apple (AAPL), which has previously been reported to be working on an electric car via its "Project Titan," is speeding up those efforts and setting 2019 as a target to ship its first vehicle, according to The Wall Street Journal. Shares of Tesla Motors (TSLA) were volatile following the Journal's report, but closed the day up 1.37% at $264.20. MAJOR MOVERS: Among the notable gainers was Atmel (ATML), which surged 12.65%, to $8.19 after agreeing to be acquired by German chipmaker Dialog Semiconductor in a deal valued at roughly $4.6B. Also higher was Starwood Waypoint (SWAY), which gained $2.89, or 12.70%, to $25.64 after announcing a stock-for-stock merger agreement with Colony American Homes. Additionally, Pandora (P) rose 8.17% to $21.31 after receiving an interim opinion from the Register of Copyrights regarding the company's agreements with Merlin and Naxos. Among the noteworthy losers was GoPro (GPRO), which fell $2.88, or 8.19%, to $32.27 after Barron's contended that the company's stock could plunge another 30% to $25 as Apple, Sony (SNE), and others pressure the company's "one-hit wonder" products. Also lower was Mallinckrodt (MNK), which lost $8.23, or 10.02%, to $73.87 after ANI Pharma (ANIP) announced plans to acquire two new drug applications from Merck (MRK) that could compete with Acthar, Mallinckrodt's largest product. Separately, D.R. Horton (DHI) dipped 2.91% after the August U.S. existing home sales report showed a 4.8% drop for the month. Note also that Lennar (LEN) slipped 0.27% after its quarterly earnings report beat analyst estimates. INDEXES: The Dow rose 125.61, or 0.77%, to 16,510.19, the Nasdaq added 1.73, or 0.04%, to 4,828.96, and the S&P 500 gained 8.94, or 0.46%, to 1,966.97.
14:40 EDTTSLAiPath S&P 500 VIX Short-Term Futures down 90c to 23.79
Option volume leaders: AAPL NFLX BAC FB BABA DOW TSLA
13:52 EDTTSLATesla options active on Apple accelerates electric-car plan report
Tesla (TSLA) September weekly 255 and 260 puts are active on total put volume of 48K contracts (49K calls) following the WSJ's report Apple (AAPL) accelerates electric-car plan, targets shipment in 2019. September weekly put option implied volatility is at 47, October is at 46; compared to its 52-week range of 29 to 62. Active options volume suggests traders taking positions for large price movement.
13:47 EDTTSLAApple accelerates electric car plan, WSJ reports
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13:43 EDTTSLAApple accelerates electric-car plan, targets shipment in 2019, WSJ reports
Shares of electric car maker Tesla (TSLA) have moved into negative ground following the Journal's report. Reference Link
10:49 EDTSNEGoPro falls after Barron's predicts 'dramatic' drop in share price
GoPro (GPRO) shares fell in morning trading after an article from Barron's argued that the company's share price may drop to as low as $25. WHAT'S NEW: Alexander Eule argued in a Barron's article that GoPro's stock price may see a "dramatic" slip of as much as 30% to $25 due to significant competitive pressure from Apple (AAPL), Sony (SNE) and others. Eule noted that the company's shares have crashed to a recent $35 after peaking at $98 in October 2014 and even called the mostly bullish analyst views on the camera maker's stock "wishful thinking." Additionally, Eule called the company's cameras a "one-product wonder" and compares them to BlackBerry (BBRY) smartphones and Palm digital organizers, which previously dominated their respective markets. The article adds that there is risk in being overly bearish on the company, since the "impressive" brand might become an acquisition target. WHAT'S NOTABLE: Last Wednesday, Citi analyst Jeremy David said that GoPro chief financial officer Jack Lazar confirmed at the bank's Global Tech Conference the week before that the Hero4 Session camera has been off to a slow start since its launch on July 12. David said that the recent selloff in the company's shares has been motivated by investor concerns about the Session. At the time, Citi cut its third quarter fiscal 2015 estimate for the company to $425M from $438M and fourth quarter estimate to $560M from $737M, $148M below consensus estimate at the time of $708M. David also said he was reducing estimates for the second half of fiscal 2015 and first quarter of fiscal 2016 as a result of downside from the Hero4 Session, but left estimates after 1Q16 unchanged, saying the long-term fundamentals of the company are "intact." The analyst added that his firm was "humbled" by the recent move in share price and acknowledged that GoPro is the "quintessential product cycle stock," though he said he remains bullish on the long-term prospects of the camera maker and reiterated a $90 price target. David argued that GoPro missing Q3 estimates and guiding below the consensus for Q4 is largely priced in. Separately, The Wall Street Journal said on September 13 that shares of GoPro were starting to look like a bargain after dropping 50% in a month. The company had a difficult time selling its Hero4 Session camera in July in the face of competition from older GoPro models, the publication added. PRICE ACTION: In morning trading, GoPro shares are down 5.15% to $33.34. OTHERS TO WATCH: Ambarella (AMBA), which supplies chips to GoPro, is down 3.7% to $68.81.
09:40 EDTTSLAActive equity options trading on open
Active equity options trading on open: AAPL BAC ESV BABA FB NFLX TSLA TWTR GE GPRO JPM ONVO MU
08:40 EDTTSLATesla October volatility elevated at 78
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08:29 EDTHMCOff-road dealer checks 'somewhat mixed' for Polaris, says Wunderlich
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06:02 EDTUALUnited Continental implied volatility of 37 at lower end of index mean range
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05:49 EDTCLFCliffs Natural implied volatility of 118 at upper end of index mean range
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