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Stock Market & Financial Investment News

News Breaks
February 12, 2014
11:15 EDTYELP, OUTR, VXX, RAXOptions with decreasing implied volatility: YELP BOIL OUTR VXX RAX
News For YELP;OUTR;VXX;RAX From The Last 14 Days
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July 25, 2014
05:54 EDTVXXiPath S&P 500 VIX Short-Term Futures at 28.39, 50-day moving average is 30.66
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July 24, 2014
12:58 EDTVXXiPath S&P 500 VIX Short-Term Futures are recently down 8c to 28.10
12:05 EDTYELPAngie's List plummets after Q2 report triggers multiple downgrades
Shares of consumer-driven review service Angie's List (ANGI) are plummeting after the company reported second quarter losses per share and revenue that were worse than expected, prompting a number of downgrades of its stock by Wall Street analysts. WHAT'S NEW: Angie's List reported a Q2 loss per share of (31c) which was worse than analysts' consensus forecast for a (24c) per share loss. The company's Q2 revenue was $78.9M, which was below analysts' consensus of $80.19M. The review service reported Q2 gross member additions of approximately 399K at an average cost per acquisition of $90 and reported total end of period paid memberships of 2.84M. Angie's Q2 average membership renewal rate was 77%. Angie's List guided to Q3 revenue of $80.5M-$82.5M, which is lower than analysts' consensus of $86.63M. Angie's List added that it expects to generate positive adjusted EBITDA for FY14, with CEO Bill Oesterle saying, "While revenue growth in e-commerce was lower than expected, we continued to make progress against our strategy of enabling service providers and populating their stores with offers. We expect significant improvement in margin in the second half of the year and continue to see compelling opportunities for growth." ANALYST REACTION: After Angie's List's report, at least seven Street research firms downgraded their ratings on its stock. Oppenheimer analyst Jason Helfstein downgraded Angie's List to Perform from Outperform, stating that while executives feels that vendor renewal rates are strong, the ratio of selling expense to vendor revenue is leaning negatively, productivity per rep is decreasing and e-commerce revenue is decelerating. MKM Partners analyst Rob Sanderson downgraded the review service company to Neutral from Buy, saying that Angie's List gave several "layers" of disappointing news in the Q2 earnings report. Sanderson said that the data went against its anticipation for signs of stability this quarter. Piper Jaffray analyst Gene Munster lowered his price target for Angie's List to $12 from $17 and believes that shares of Angie's List, but believes shares are "washed out" after the company gave its Q2 report. Munster perceives the firm's outlook to be conservative and feels investor anticipations are at "rock bottom," which could mean that any optimistic updates from Angie's list could have "meaningful" and "positive" benefit. Munster maintained an Overweight rating on the stock. PRICE ACTION: During midday trading, shares of Angie's List fell $2.07, or 20% to $8.10. OTHERS TO WATCH: Yelp (YELP), which also allows users to review local businesses, is up 1% to $69.40 near noon.
09:30 EDTVXX iPath S&P 500 VIX Short-Term Futures are recently down 24c to 27.94
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07:13 EDTYELPYelp August volatility elevated into Q2 and growth outlook
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05:51 EDTVXXiPath S&P 500 VIX Short-Term Futures at 27.89, 50-day moving average is 30.83
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July 23, 2014
18:34 EDTYELPOn The Fly: After Hours Movers
UP AFTER EARNINGS: Fortinet (FTNT), up 7.8%... Hanesbrands (HBI), up 5.4%... 8x8 (EGHT), up 5.1%... Infinera (INFN), up 4.9%... Facebook (FB), reverses and is now trading up 5.1% following second quarter earnings conference call. NOTABLE: Twitter (TWTR), up 1.7%, LinkedIn (LNKD), up marginally, and Yelp (YELP), up 1.6% after Facebook reports second quarter results. ALSO HIGHER: Spectranetics (SPNC), up 7.1% after receiving FDA clearance for atherectomy products, Turbo-Tandem and Turbo Elite... Ariad Pharmaceuticals (ARIA), up 7.1%... Jamba (JMBA), up 3.8% after Engaged Capital reports stake in the company and announced that they had discussions with management. DOWN AFTER EARNINGS: AT&T (T), down 1.2%... Angie's List (ANGI), down 16.4%... Tripadvisor (TRIP), down 11.5%... Orchids Paper (TIS), down 7.4%... Cirrus Logic (CRUS), down 6.6%... Cliffs Natural (CLF), down 1.2%... Teradyne (TER), down 4%. ALSO LOWER: Kandi Technologies (KNDI), down 3.8% after being mentioned negatively in a Seeking Alpha blog post.
09:39 EDTVXXiPath S&P 500 VIX Short-Term Futures are recently down 8c to 27.87
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05:55 EDTVXXiPath S&P 500 VIX Short-Term Futures at 27.78, 50-day moving average is 31.08
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July 22, 2014
09:47 EDTYELPYelp initiated with a Neutral at Tigress Financial
09:30 EDTVXXiPath S&P 500 VIX Short-Term Futures are recently down 70c to 27.83
06:01 EDTVXXiPath S&P 500 VIX Short-Term Futures at 28, 50-day moving average is 31.20
July 21, 2014
09:33 EDTVXXiPath S&P 500 VIX Short-Term Futures are recently up 22c to 28.11
07:15 EDTRAXO'Reilly to hold a conference
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July 18, 2014
09:33 EDTVXXiPath S&P 500 VIX Short-Term Futures are recently up down 1.07 to 28.24
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06:48 EDTVXXiPath S&P 500 VIX Short-Term Futures at 29.10, 50-day moving average is 31.64
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July 17, 2014
15:22 EDTVXXiPath S&P 500 VIX Short-Term Futures up 2.73 to 29.66
11:56 EDTVXXiPath S&P 500 VIX Short-Term Futures are recently up 91c to 28.22
09:38 EDTVXXiPath S&P 500 VIX Short-Term Futures are recently up 18c to 27.46
06:28 EDTVXXiPath S&P 500 VIX Short-Term Futures at 27.74, 50-day moving average is 31.79
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