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Stock Market & Financial Investment News

News Breaks
July 30, 2014
12:27 EDTRT, REGN, TWTR, DEST, NQ, HUM, GNWOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with the Nasdaq leading and the Dow lagging, after a much better than expected reading on second quarter economic growth in the U.S. and ahead of a statement from the Federal Reserve following its latest policy meeting. With a solid earnings season and the economic data showing growth, investors are now on Fed watch, with the move in the averages potentially illustrating fear that the central bank may begin to get more hawkish. ECONOMIC EVENTS: In the U.S., the Commerce Department estimated that Gross Domestic Product grew at a seasonally adjusted annual rate of 4.0% in the second quarter, easily beating expectations for a growth rate of 3.0%. Payroll company ADP reported private payrolls climbed 218K in July, which was a bit below the 238K forecast. The Federal Reserve wraps up its two-day Federal Open Market Committee meeting today and the accompanying rate decision and statement is scheduled to be released at 2:00 pm ET. COMPANY NEWS: Shares of Twitter (TWTR) surged 20% higher after the social network operator's second quarter results beat analysts' consensus estimates and it raised its fiscal year 2014 revenue and adjusted EBITDA forecasts. Following last night's report, Bank of America Merrill Lynch upgraded Twitter to Buy from Neutral, while the stock was also upgraded to Outperform from Sector Perform at FBN Securities, to Neutral from Sell at UBS and to Market Perform from Underperform at Cowen. MAJOR MOVERS: Among the notable gainers was NQ Mobile (NQ), which jumped 15% to trade near $8 per share after the company reported it has received a non-binding proposal from Bison Capital to acquire all of NQ's outstanding American depositary shares for $9.80 each. Also higher was Regeneron (REGN), which rose 6% after the company announced that nine new Phase 3 Odyssey trials of alirocumab in people with hypercholesterolemia met their primary efficacy endpoint. Among the noteworthy losers was Genworth Financial (GNW), which dropped 13% and was downgraded to Neutral from Outperform at Macquarie after its second quarter earnings report. Also lower following their earnings reports were Humana (HUM), which slid 5%, Ruby Tuesday (RT), which fell over 16%, and Destination Maternity (DEST), which dropped more than 19%. INDEXES: Near midday, the Dow was down 57.70, or 0.34%, to 16,854.41, the Nasdaq was up 9.01, or 0.2%, to 4,451.71, and the S&P 500 was down 3.87, or 0.2%, to 1,966.08.
News For TWTR;GNW;NQ;REGN;HUM;DEST;RT From The Last 14 Days
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June 24, 2015
10:26 EDTTWTRStocks with call strike movement; TWTR JCP
Twitter (TWTR) December 40 call option implied volatility increased 1% to 44, J.C. Penney (JCP) November 20 call option implied volatility decreased 5% to 42 according to IVolatility.
10:00 EDTHUMOn The Fly: Analyst Initiation Summary
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06:35 EDTHUMHumana initiated with a Sector Perform at RBC Capital
Target $221.
05:59 EDTHUMHumana implied volatility of 54 at upper end of index
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June 23, 2015
16:00 EDTTWTROptions Update; June 23, 2015
iPath S&P 500 VIX Short-Term Futures down 46c to 17. Option volume leaders: AAPL FB AAPL T BAC MU BTU WMB AMZN TWTR BBRY
09:50 EDTHUMAnthem CFO meeting with Cigna shareholders, CNBC reports
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09:45 EDTHUMAnthem concerned Cigna may bid for Humana, CNBC's Faber reports
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09:36 EDTTWTRActive equity options trading on open
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07:44 EDTHUMHumana takeover looks unlikely below $210/share, says Leerink
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06:00 EDTHUMHumana implied volatility of 48 at upper end of index
June 22, 2015
18:56 EDTHUMCigna/Anthem deal could leave Humana with Aetna as only suitor, Bloomberg says
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16:00 EDTTWTROptions Update; June 22, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 17.45. Option volume leaders: AAPL FB BAC CHK WMB BABA TWTR MU AMBA TSLA JPM
11:21 EDTTWTRStocks with call strike movement; TWTR BBRY
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09:16 EDTTWTRTwitter retains Spencer Stuart to assist in CEO search process, CNBC says
According to a tweet from CNBC, Twitter has retained Spencer Stuart to assist in the CEO search process. Twitter will reportedly only consider "full-time" candidates. Reference Link
08:16 EDTHUMAnthem, Cigna deal would be negative for Catamaran, says Leerink
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07:54 EDTHUMAnthem, Cigna deal likely to be consummated, says Leerink
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07:16 EDTHUMAnthem should be bought after Cigna offer, says Stifel
After Anthem, (ANTM) offered to buy Cigna (CI) and the latter company rejected the bid, Stifel estimates that the deal would have been 10% accretive for Anthem in the first year and 20% accretive in the second year. The firm thinks that accretion from the deal will probably be higher than expected. It also recommends buying Aetna (AET) as it believes that the Anthem offer suggests that Aetna will benefit more than expected from its own deal. The firm is cautious on Humana (HUM), saying that it may lose two potential buyers in Anthem and Cigna, while Humana may retreat if Aetna does not acquire the company quickly.
06:51 EDTHUMHealth insurer tie-ups could cut competition, WSJ reports
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06:37 EDTHUMHealth insurers may change policies based on King v. Burwell ruling, NYT says
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June 21, 2015
16:03 EDTHUMAetna makes offer to acquire Humana, WSJ says
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