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Stock Market & Financial Investment News

News Breaks
May 13, 2014
10:02 EDTTWTR, SINA, WBWeibo rises after Goldman starts coverage with Buy rating
Shares of Chinese microblog Weibo (WB) are climbing after Goldman Sachs initiated coverage of the stock with a Buy rating in a note to investors earlier today. Weibo has been described as China's version of Twitter (TWTR). WHAT'S NEW: Weibo is attracting a growing number of users and content providers, Goldman analyst Piyush Mubayi wrote in a note to investors earlier today. The company's support from SINA (SINA) and Alibaba increases the certainty of its revenue outlook, Mubayi believes. Weibo should become profitable this year and its net profit margin should reach 17% by 2015, predicted the analyst, who placed a $24 price target on the shares. WHAT'S NOTABLE: Yesterday Gene Munster, an analyst at research firm Piper Jaffray, initiated coverage of Weibo with an Overweight rating and a $25 price target. He predicted that the company's growth would accelerate, and said its valuation should exceed that of Twitter over the longer term. PRICE ACTION: In early trading, Weibo advanced 34c, or 1.7%, to $19.86. The stock closed at $17.86 on Friday.
News For WB;SINA;TWTR From The Last 14 Days
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April 17, 2015
09:34 EDTTWTRTwitter Q1 U.S. ad spending to moderate, says OTR Global
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08:34 EDTTWTRTwitter May volatility elevated into Q1 and outlook
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April 16, 2015
16:02 EDTTWTROptions Update; April 16, 2015
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April 15, 2015
16:01 EDTTWTROptions Update; April 15, 2015
iPath S&P 500 VIX Short-Term Futures down 49c to 21.90. Option volume leaders: AAPL NFLX C PBR KMI RIG MCP TWTR GILD BAC according to Track Data.
13:35 EDTTWTRTwitter introduces new twitter.com on desktop to U.S
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09:35 EDTTWTRActive equity options trading on open
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08:02 EDTTWTRTwitter Periscope may be next big thing in social media, says Baird
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April 14, 2015
19:05 EDTTWTRTwitter to launch redesigned homepage in coming days, Slate says
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16:00 EDTTWTROptions Update; April 14, 2015
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10:50 EDTSINAOptions with increasing implied volatility
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06:30 EDTTWTRTwitter threatens Periscope users who illegally streamed 'GoT,' Mashable says
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April 13, 2015
16:21 EDTSINAOn The Fly: Top stock stories for Monday
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16:01 EDTTWTROptions Update; April 13, 2015
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13:26 EDTSINAOn The Fly: Top stock stories at midday
Stocks on Wall Street were mixed at midday, with the Dow and S&P 500 slightly lower and the Nasdaq clinging to a narrow gain. The broader market opened in positive territory and the averages moved in a narrow trading range during the morning. The Nasdaq has been the strongest of the indices since the open, though early gains from Apple (AAPL) and Qualcomm (QCOM) had evaporated by near midday, taking a bite out of the gains the index had been seeing earlier in the session. ECONOMIC EVENTS: In the U.S., no major economic data was released. In China, export sales unexpectedly contracted 15% in March, while imports shrank 12.7% last month from a year ago. The March fall in imports was in line with forecasts, unlike the one for exports, which were expected to rise 12%. COMPANY NEWS: Activist investor Jana Partners is putting pressure on Qualcomm to increase stock buybacks and take other actions to increase shareholder value, including an exploration of spinning off its chip unit from its patent-licensing unit. In response to statements made by JANA, Qualcomm noted that it recently increased its stock repurchase authorization to $15B and repeated that it plans to repurchase $10B of common stock within one year. Barry Rosenstein of JANA Partners, while speaking on CNBC, said Qualcomm should buy back $15B of its shares over the next six months, before the company undertakes strategic actions that could move the stock higher... Apple shares were rising early in the trading day but had given up their gains by midday. Pre-orders of its new Apple Watch started Friday. The company did not release any sales figures for the first weekend, but research firm Slice Intelligence estimated that nearly one million customers in the U.S. preordered the device on the first day it was available. MAJOR MOVERS: Among the notable gainers were Alamos Gold (AGI), which rose 6%, and AuRico Gold (AUQ), which rose 7%, after the companies announced an agreement to combine via "a merger of equals" with a transaction equity value of about $1.5B. Upon completion of the deal, former Alamos and AuRico shareholders will each own approximately 50% of the new Alamos Gold and a new company, to be named AuRico Metals, will be created to hold AuRico's Kemess project and some other assets. The newly formed company will own a 4.9% equity interest in the spinoff and the remaining "SpinCo" shares will be distributed 50% each to former Alamos and AuRico shareholders. Also higher was Builders FirstSource (BLDR), which gained 65% after announcing that it has entered into an agreement to acquire ProBuild Holdings in an all-cash transaction valued at about $1.63B. Among the noteworthy losers was Basic Energy (BAS), which fell 8% after Raymond James downgraded the stock to Market Perform based on valuation, substantial pricing pressure, and industry overcapacity. Also lower were U.S.-listed shares of Sina (SINA), which dropped 5% after the Financial Times reported that China's government has warned that it will shut down the company's service if it does not "improve censorship." INDEXES: Near midday, the Dow was down 19.08, or 0.11%, to 18,038.57, the Nasdaq was up 7.93, or 0.16%, to 5,003.91, and the S&P 500 was down 3.04, or 0.14%, to 2,099.02.
12:05 EDTTWTRStocks with call strike movement; TWTR FXI
Twitter (TWTR) September 60 call option implied volatility increased 2% to 43, Twitter iShares Trust FTSE/Xinhua China 25 Fund (FXI) July 57 call option implied volatility decreased 11% to 33 according to IVolatility.
09:38 EDTSINASINA trades lower after Beijing warns on insufficient censorship
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09:20 EDTSINAOn The Fly: Pre-market Movers
HIGHER: Builders FirstSource (BLDR), up 54.35% after acquiring ProBuild in all-cash transaction... Arrowhead (ARWR), up 14.3% after being cleared to proceed with multiple dose Phase 2b study of ARC-520... Oramed Pharmaceuticals (ORMP), up 6.9% after enrolling first patient in glucose clamp study for oral insulin... Clovis Oncology (CLVS), up 8.2% after being upgraded to Buy from Neutral at Goldman... Quantum (QTM), up 3.2% after announcing go-to-market partnership with Dot Hill Systems (HILL)... Netflix (NFLX), up 3.4% after being upgraded to Buy from Neutral at UBS... Apple (AAPL), up just under 1% following reports of Apple Watch orders. LOWER: Sina (SINA), down 3% following a report from the Financial Times that China may shut down the company if censorship doesn't improve... Ruckus Wireless (RKUS), down 2.9% after being downgraded to Buy from Conviction Buy at Goldman... Allot Communications (ALLT), down 2.7% after being downgraded to Hold from Buy at Needham.
06:29 EDTSINAChina may shut down Sina if censorship doesn't improve, Financial Times says
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April 12, 2015
19:33 EDTTWTRTwitter tries to sway media companies, celebrities to Periscope, TechCrunch says
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15:28 EDTTWTRTwitter to expand direct data relationships with its data customers
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