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Stock Market & Financial Investment News

News Breaks
April 23, 2012
12:15 EDTACHN, AZN, MSFT, HAS, NSRGY, WMT, ERIC, AMLN, RDEA, FB, XRX, PFE, STM, CEDC, AOL, CHKP, EAT, WMMVYOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, as European political uncertainty and a bribery investigation at Wal-Mart (WMT) kicked the week off on a sour note. Fresh concerns over the European debt crisis have caused a sell off in Europe and here in the U.S. The culprits this time were the failure by the Dutch government to agree on austerity measures and the first round of the French elections going to the Socialist party's candidate. There has been nothing on the U.S. economic calendar to turn investor's attention away from Europe, lending to broad based weakness in equities... ECONOMIC EVENTS: Domestically, little of note was on the economic calendar. In Europe, Markit's composite purchase managers' index fell to 47.4 points in April and political developments added to fears that the region's debt crisis could worsen, as the Netherlands' Prime Minister and his cabinet resigned after budget talks broke down and France's incumbent Nicolas Sarkozy lost in the first round of the nation's presidential elections. In China, a flash PMI reading rose to 49.1 in April, but that improved figure still signals contraction in the manufacturing industry... COMPANY NEWS: Shares of Wal-Mart dragged on the Dow, declining 4.6% after The New York Times said the company focused on damage control instead of fixing problems after finding "evidence of widespread" bribery at Wal-Mart de Mexico (WMMVY). Another Dow component, Pfizer (PFE), also slid following major news, falling almost 1% after agreeing to sell its Nutrition business to Nestle (NSRGY) for $11.85B... Among companies reporting earnings, advancers included Brinker (EAT) and Xerox (XRX); decliners included Hasbro (HAS) and Check Point (CHKP)... Facebook (FB) announced plans to buy a part of the patent portfolio Microsoft (MSFT) recently agreed to acquire from AOL (AOL)... MAJOR MOVERS: Among the notable gainers were Ardea Biosciences (RDEA), up 52%, on news it will be acquired by AstraZeneca (AZN) for $32 per share, and Central European Distribution (CEDC), up 14%, after Russian Standard agreed to invest $100M in the company as part of a strategic alliance. Also higher were shares of Amylin (AMLN), up 10%, after Reuters said over the weekend that the company has hired banks to explore a potential sale. Noteworthy losers included Achillion (ACHN), down over 18%, following a downgrade at JMP Securities after the release of interim ACH-1625 data at a conference over the weekend, and STMicroelectronics (STM), down 11%, after ST-Ericsson, its 50/50 joint venture with Ericsson (ERIC), said it will cut 1,700 jobs amid plans to pursue a new strategic direction... INDICES: Near noon, the Dow was down 135.02, or 1.04%, to 12,894.24; the Nasdaq was down 37.42, or 1.25%, to 2,963.03; and the S&P 500 was down 13.96, or 1.01%, to 1,364.57.
News For WMT;WMMVY;PFE;NSRGY;EAT;XRX;HAS;CHKP;FB;MSFT;AOL;RDEA;AZN;CEDC;AMLN;ACHN;STM;ERIC From The Last 14 Days
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June 18, 2015
08:04 EDTMSFTGoogle accelerating pace of cloud product innovation, says Baird
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07:38 EDTFBFacebook continues to take ad share, says JMP Securities
JMP Securities says its checks indicate that Facebook's share of total ad dollars continue to rise. The firm believes that Instagram's engagement and monthly average users continue to grow. It estimates that Instagram could generate about $1,4B in revenue next year, versus its 2015 estimate of about $445M. JMP Securities raised its price target on Facebook to $101 from $98 and keeps an Outperform rating on the shares.
07:36 EDTAZNReceptos remains an attractive takeover candidate, says Leerink
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07:30 EDTFBSalesforce initiatives should help social media companies, says Brean Capital
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06:48 EDTMSFTGoogle, Microsoft, Mozilla announce WebAssembly partnership, TechCrunch says
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06:41 EDTMSFTMicrosoft's Jo Harlow leaves company in realignment, The Verge reports
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06:13 EDTFBFacebook testing new approach to hiring to diversify employee ranks, WSJ reports
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06:10 EDTMSFTMicrosoft writedown for Nokia now more likely, says Jefferies
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June 17, 2015
14:42 EDTFBOption volume leaders
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14:23 EDTFBFacebook rises after Brean hikes target on app monetization potential
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10:11 EDTMSFTMicrosoft aligns engineering team, Chief Insights Officer to leave
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10:00 EDTPFEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AbbVie (ABBV) initiated with an Overweight at Piper Jaffray... Arista Networks (ANET) initiated with a Buy at Sterne Agee CRT... Astec (ASTE) initiated with a Buy at Maxim... Bristol-Myers (BMY) initiated with an Underweight at Piper Jaffray... Community Healthcare (CHCT) initiated with an Outperform at Oppenheimer... Eli Lilly (LLY) initiated with an Overweight at Piper Jaffray... Fitbit (FIT) initiated with a Buy ahead of IPO at Dougherty... Hortonworks (HDP) initiated with a Buy at Mizuho... II-VI (IIVI) initiated with a Buy at Benchmark Co.... J Sainsbury (JSAIY) initiated with an Underperform at Credit Suisse... McDermott (MDR) initiated with an Outperform at Cowen... Merck (MRK) initiated with a Neutral at Piper Jaffray... Molina Healthcare (MOH) initiated with a Buy at UBS... Pacific DataVision (PDVW) initiated with a Buy at Canaccord... Pfizer (PFE) initiated with an Overweight at Piper Jaffray... Quest Resource (QRHC) initiated with a Buy at Roth Capital... Regional Management (RM) initiated with a Buy at Janney Capital... Rofin-Sinar (RSTI) initiated with a Buy at Benchmark Co.... Salesforce (CRM) initiated with a Neutral at Exane BNP Paribas... Sprouts Farmers Markets (SFM) initiated with a Neutral at Cleveland Research... Tesco (TSCDY) initiated with an Underperform at Credit Suisse... WM Morrison (MRWSY) initiated with a Neutral at Credit Suisse... WWE (WWE) initiated with a Buy at BTIG... World Acceptance (WRLD) initiated with a Buy at Janney Capital... Zafgen (ZFGN) initiated with a Buy at SunTrust.
09:46 EDTMSFTJefferies to hold company meetings at E3 Expo
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09:40 EDTFBActive equity options trading on open
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09:36 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL FB AMD ADBE TWTR BABA QIHU NFLX BAC
07:25 EDTPFEPiper calls Bristol 'modestly overvalued,' starts shares with sell
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06:05 EDTFBFacebook implied volatility of 21 at lower end of index mean range
05:45 EDTFBBrean ups Facebook target to $108, says own for long haul
Brean Capital analyst Sarah Hindlian raised her price target for Facebook to $108 from $100 while telling investors to own the stock for the long haul. After analyzing the potential of the social networking giant's mobile applications, including Instagram, WhatsApp and Messenger, Hindlian's "bear case" analyses demonstrate that Facebook may have an incremental $4.0B in revenue in FY16 from monetization efforts. Only 25%-35% of this potential revenue is included in consensus estimates, the analyst states this morning in a research note. She reiterates a Buy rating on Facebook. The stock closed yesterday up 35c to $81.06.
05:37 EDTERICEricsson selected by Smile Communications for 4G/LTE managed services
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05:31 EDTPFEPfizer initiated with an Overweight at Piper Jaffray
Target $45.
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