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Stock Market & Financial Investment News

News Breaks
July 5, 2013
09:16 EDTHBC, TSLA, SDRL, SRPT, LULUOn The Fly: Pre-market Movers
HIGHER: Tesla Motors (TSLA), up 2% after saying has received hundreds of orders for Model S sedan in Hong Kong... HSBC (HBC), up 2.3% after Reuters says bank will close retail branch network and wealth management businesses in South Korea... Seadrill (SDRL), up 1.7% following upgrade at BofA Merrill Lynch. LOWER: Sarepta (SRPT), down 2% after announcing $125M at-the-market equity offering... lululemon (LULU), down 1.2% after Chairman and founder Dennis Wilson files to sell 3.4M shares.
News For TSLA;LULU;SDRL;HBC;SRPT From The Last 14 Days
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February 3, 2016
09:56 EDTLULUlululemon February weekly calls active on renewed takeover chatter
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09:52 EDTTSLATesla hits fresh 52-week low
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09:51 EDTLULURumor: lululemon moves up on renewed takeover chatter
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05:30 EDTTSLATesla initiated with a Sell at Berenberg
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05:13 EDTTSLATesla implied volatility of 67 at upper end of index mean range
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February 2, 2016
11:19 EDTTSLATesla estimated to deliver 850 Model S sedans in NA in January, Inside EVs says
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07:30 EDTTSLAPacific Crest more cautious on Tesla after channel checks
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February 1, 2016
16:01 EDTTSLAOptions Update; February 1, 2016
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14:42 EDTTSLATesla applies for Michigan dealership license, Detroit News says
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13:24 EDTTSLATesla bull cuts target as competition ramps more quickly than new models
Shares of Tesla (TSLA) dipped significantly in early trading before later rebounding after Morgan Stanley cut its price target on the automaker to $333 from its previous $450, with the research firm citing a slow production ramp for its new car models, potentially weakened consumer demand amid cheap oil, and clearly heightening competition in the electric and autonomous vehicle space. LOW DEMAND, MORE COMPETITION: Morgan Stanley analyst Adam Jones cut his price target on Tesla to $333 from $450, arguing Monday that the carmaker is facing a slow production ramp for the Model X as well as the Model 3, which Jones said may launch in late 2018, missing the company's internal target by at least one year. It is reasonable to assume, Jones said, that Tesla is taking a deliberate, quality-conscious pace for Model X production while also shuffling personnel to help with the car's early rollout, impacting the launch of the mass-market Model 3 even as the company grapples with potentially reduced consumer demand in today's cheap oil environment. Given his assumption of lower volumes, the analyst's revised his 2020 forecast for complete vehicle deliveries to less than half of Tesla's own 500,000 target. For 2016, the analyst cut his total delivery forecast 2% to roughly 70,000 units, including a revision of Model X expectations to 15,000 from 18,500. Contributing to Tesla's headwinds, its consumer energy storage solution looks to be more expensive than previously thought, while competition in the shared and autonomous mobility arena has increased markedly. Indeed, competing efforts from Ford (F), Volkswagen (VLKAY), Alphabet (GOOG) and many others appear "genuine" and are likely to see significant investment follow-through, potentially pressuring Tesla's margins as it increases R&D spend to keep pace, Jones argued. That said, the analyst keeps an Overweight rating on the shares, explaining that while Tesla remains a high risk name that burns plenty of cash to fuel its ambitious plans, it may still be the best positioned company in the ongoing "Auto 2.0" transition. PRICE ACTION: After quickly dropping as low as $182.75 in early trading, shares of Tesla are now up 2.6% to $196.14 in afternoon trading.
09:36 EDTTSLAActive equity options trading on open
Active equity options trading on open: BAC AAPL FB AMZN TWTR MGM MCD NFLX GILD INTC TSLA AA BABA C
08:58 EDTTSLATesla target cut to $333 on lower Model X, 3 expectations at Morgan Stanley
Morgan Stanley analyst Adam Jonas said manufacturing and engineering troubles delayed the Model X launch by at least one year and may have added "hundreds of millions of dollars" to costs for Tesla. While the company focuses significant effort on the Model X, Jonas repeats his expectation that the Model 3 will not launch until late 2018, which is at least one year later than the company is targeting. Citing the Model X and Model 3 concerns, as well as a lower valuation for Tesla Energy and rising competition in the shared mobility space, Jonas cut his price target on Tesla shares to $333 from $450, but maintains an Overweight rating on the stock.
08:29 EDTTSLATesla moves lower in pre-market trading
The stock is down over 3.2% to $184.93 on light volume. At that price next support is at $181.40, the 52-week low. Resistance is at $189.80.
06:07 EDTTSLATesla CEO Musk raises stake in company, MarketWatch reports
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January 31, 2016
15:50 EDTSDRLSeadrill expands cost cuts, Bloomberg says
In a Bloomberg interview published Sunday, Seadrill CEO Per Wullf said the company's cost cutting efforts this year will exceed the $200M target previously announced in November. Nearly 80% of the 2016 cuts are sustainable, Wullf told the publication. The Chief Executive noted that, in terms of the floating rig market, "we're likely to be at the end of 2017 before this starts being fun again," while adding that he would now accept a $300,000 day rate for an idle floating rig on a 12-month or longer contract. Reference Link
January 29, 2016
17:25 EDTLULUlululemon files to sell 9.8M shares of common stock
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January 28, 2016
10:05 EDTSDRLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Azure Midstream Partners (AZUR) downgraded at Stifel... Chesapeake (CHK) downgraded to Hold from Buy at Wunderlich... CorEnergy (CORR) downgraded at Stifel... DCP Midstream (DPM) downgraded to Hold from Buy at Stifel... DynCorp (DCP) downgraded at Stifel... Ericsson (ERIC) downgraded on challenging outlook at BMO Capital... H&E Equipment (HEES) downgraded to Neutral from Buy at UBS... Halcon Resources (HK) downgraded to Hold from Buy at Wunderlich... InvenSense (INVN) downgraded to Market Perform from Outperform at Barrington... Invitae (NVTA) downgraded to Market Perform from Outperform at Leerink... Kirby (KEX) downgraded to Sector Perform from Outperform at RBC Capital... MEG Energy (MEGEF) downgraded to Equal Weight from Overweight at Barclays... Metro (MTTRY) downgraded to Underweight from Neutral at JPMorgan... OSI Systems (OSIS) downgraded to Hold following Q2 miss at BB&T... Oasis Petroleum (OAS) downgraded to Hold from Buy at Wunderlich... Pan American Silver (PAAS) downgraded to Market Perform from Outperform at FBR Capital... Qualcomm (QCOM) downgraded to Market Perform from Outperform at William Blair... Range Resources (RRC) downgraded to Equal Weight from Overweight at Barclays... Rockwell Automation (ROK) downgraded to Underperform from Market Perform at Bernstein... Royal Gold (RGLD) downgraded to Market Perform from Outperform at FBR Capital... SEI Investments (SEIC) downgraded to Underperform at Keefe Bruyette... SandRidge Energy (SD) downgraded to Sell from Hold at Wunderlich... Seadrill (SDRL) downgraded to Equal Weight from Overweight at Morgan Stanley... ServiceNow (NOW) downgraded to Neutral from Buy at MKM Partners... State Bank Financial (STBZ) downgraded to Hold from Buy at Sandler O'Neill... Sunoco Logistics (SXL) downgraded at Stifel... Tallgrass Energy GP (TEGP) downgraded to Hold from Buy at Stifel... Tallgrass Energy (TEP) downgraded to Hold from Buy at Stifel... Textron (TXT) downgraded to Hold from Buy at Drexel Hamilton... TripAdvisor (TRIP) downgraded to Underperform from Market Perform at Raymond James... Tupperware Brands (TUP) downgraded to Neutral from Overweight at Piper Jaffray... U.S. Steel (X) downgraded to Hold from Buy at Argus... United Rentals (URI) downgraded to Neutral from Buy at UBS... Welltower (HCN) downgraded to Hold from Buy at Evercore ISI... Western Gas Partners (WES) downgraded to Hold from Buy at Stifel... Whiting Petroleum (WLL) downgraded to Hold from Buy at Wunderlich.
09:52 EDTTSLATesla nears test of 52-week low
Shares were last at $186.40, nearing a potential test of support at $181.40 which is the 52-week low. Resistance is at the session high at $191. A move below the 52-week low would confirm a break in the long-term uptrend for the shares.
09:38 EDTTSLAActive equity options trading on open
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06:40 EDTSDRLSeadrill downgraded to Equal Weight from Overweight at Morgan Stanley
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