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Stock Market & Financial Investment News

News Breaks
May 13, 2014
10:02 EDTWB, TWTR, SINAWeibo 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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May 14, 2015
16:35 EDTWBWeibo reports 198M monthly active users in March, up 38% y/y
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16:33 EDTWBWeibo reports Q1 adjusted EPS 1c, consensus 1c
Reports Q1 revenue $96.3M, consensus $94.64M.
16:33 EDTSINASINA reports Q1 EPS (4c), consensus (1c)
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16:00 EDTTWTROptions Update; May 14, 2015
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15:16 EDTSINASINA technical comments ahead of earnings
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15:01 EDTSINANotable companies reporting after market close
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14:53 EDTWBWeibo technical comments before earnings news
On the daily chart ahead of earnings news, the key technical feature is a potential bullish pennant. The pattern is technically already in progress, but it will now be earnings news that determines whether or not that pattern remains active. If the news is bullish, potential for the pattern is to the $20 to $20.50 level. This is the point from which the downtrend of last year began in November. Resistance above $20.50 would be at $21.48. If the news is bearish, then the currently technical bullish tone of the pattern could result in a loss as deep as the potential target upside. The first level of significance on the downside is the 50-day moving average at $14.99. Next support on a breakdown below that average would be at $14.13 and $13.11.
11:33 EDTTWTRStocks with call strike movement; TWTR SUNE
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May 13, 2015
12:01 EDTTWTRStocks with call strike movement; TWTR RIG
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09:39 EDTTWTRActive equity options trading on open
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May 12, 2015
16:01 EDTTWTROptions Update; May 12, 2015
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11:37 EDTTWTRStocks with call strike movement; TWTR JCP
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09:38 EDTTWTRActive equity options trading on open
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06:09 EDTTWTRTwitter spent over $85M to buy Periscope, Niche, Re/code reports
Twitter paid over $86M to buy Periscope, a live streaming app, and Niche, a social media talent agency, earlier this year, Re/code reports. Re/code previously said Twitter acquired Niche for approximately $30M, including earn-out payments. Reference Link
May 11, 2015
16:00 EDTTWTROptions Update; May 11, 2015
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11:23 EDTTWTRStocks with call strike movement; TWTR TSLS
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May 8, 2015
16:05 EDTTWTROptions Update; May 8, 2015
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13:09 EDTTWTRCiti says 'sell in May, go away' on Twitter, LinkedIn, Zillow
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11:49 EDTTWTRStocks with call strike movement; TWTR JD
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06:22 EDTTWTRCitigroup sees internet stocks underperforming this summer
Citigroup analyst Mark May says that even with the recent share pullbacks, the broader internet index has still meaningfully outperformed broader indices year-to-date. The group is nearing peak valuations, which could lead to underperformance through the summer, May tells investors today in a research note. He recommends avoiding shares of Twitter (TWTR), LinkedIn (LNKD) and Zillow Group (Z), as the companies are going through business transitions. The analyst believes Amazon.com (AMZN), eBay (EBAY), Yelp (YELP), Netflix (NFLX), GrubHub (GRUB) and Facebook (FB) have company specific factors that should enable them to outperform the internet group over the near term.
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