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Stock Market & Financial Investment News

News Breaks
July 30, 2014
12:27 EDTDEST, NQ, HUM, GNW, RT, REGN, TWTROn 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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November 18, 2014
05:43 EDTREGNRegeneron announces EYLEA injection approved for DME treatment in Japan
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November 17, 2014
16:00 EDTTWTROptions Update; November 17, 2014
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14:06 EDTHUMHumana to offer plans on 15 state ACA individual market exchanges in 2015
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11:35 EDTGNWStocks with call strike movement; GNW FLSR
Genworth (GNW) March 11 call option implied volatility increased 6% to 53, First Solar (FSLR) March 55 call option implied volatility increased 12% to 51 according to IVolatility.
09:36 EDTTWTRActive equity options trading
Active equity options trading according to Track Data: AAPL PBR BHI GILD MU HD AMZN TSLA YHOO FB TWTR
November 14, 2014
17:27 EDTGNWPaulson & Co. gives quarterly update on stakes
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16:26 EDTTWTRNasdaq clear leader as major averages end week higher
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16:01 EDTTWTROptions Update; November 14, 2014
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09:38 EDTTWTRActive equity options trading
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November 13, 2014
16:03 EDTTWTROptions Update; November 13, 2014
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15:42 EDTTWTRTwitter heads for lows of the day following steady decline
The shares have been on a downside move since the start of the session. The initial gap up in price was met with selling that did not really pause for long. Volume is more than double the average. S&P assigned an unsolicited BB- corporate credit rating which has additionally weighed on the shares. At the current price of $40.26 next support is at $40, $39.38, and $37.45.
14:59 EDTTWTRS&P assigns Twitter unsolicited BB- rating
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11:22 EDTTWTRDan Niles says looking to short more of Twitter
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10:01 EDTGNWOn The Fly: Analyst Upgrade Summary
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09:40 EDTTWTRActive equity options trading
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08:58 EDTTWTRTwitter analyst day yields cohesive growth strategy, says Canaccord
Canaccord said Twitter's analyst day presentation yielded a cohesive strategy, which increased their confidence in management. The firm continues to like the stock, citing the company's broadly defined user base and engagement and the monetization potential of these users. Canaccord reiterated its Buy rating and $56 price target on Twitter shares.
08:58 EDTTWTRTwitter met needs at Investor Day, says RBC Capital
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07:24 EDTTWTRTwitter addressed key challenges at analyst day, says JPMorgan
JPMorgan reiterates an Overweight rating on Twitter with a $64 price target saying the company addressed the key challenges around product and monthly active users at its analyst day. The firm it is encouraged that new product launches over the next 12 months will be heavier than it's ever been.
05:42 EDTGNWGenworth upgraded to Outperform from Market Perform at Raymond James
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04:14 EDTGNWGenworth upgraded to Outperform from Market Perform at Raymond James
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