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Stock Market & Financial Investment News

News Breaks
March 27, 2014
10:13 EDTYELP, YHOOResearch firms upbeat on Yelp after partnership deals
Two research firms issued positive notes on Yelp (YELP) earlier today, saying that the company's recently announced partnerships are positive for the company. Yelp offers reviews of local businesses. WHAT'S NEW: In a note to investors earlier today, Wunderlich analyst Blake Harper raised his price target on the stock to $90 from $78. Yelp's deal with YP, formerly known as Yellow Pages, should enable Yelp to increase its penetration of the local ad market, Harper predicted. While YP is much maligned due to its weakening print business, the company has significant brand name recognition and had over 120M unique visitors to its website in Q4, the analyst noted. The deal will enable Yelp to more effectively expand its business, according to Harper, who kept a Buy rating on the stock. Meanwhile, Stifel analyst Michael Purcell wrote in a note to investors earlier today that Yelp's YP deal along with its deal with Yahoo (YHOO) highlight the review site owner's growing strength in the local ad market. Yelp's partnership strategy increases the website's distribution and usage rates, while raising the number of marketing solutions that the company can provide to local businesses, Purcell contended. He kept a $95 price target and Buy rating on the shares. PRICE ACTION: In early trading, Yelp was up 0.9% to $78.00.
News For YELP;YHOO From The Last 14 Days
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July 16, 2014
08:25 EDTYHOOYahoo should be owned ahead of Alibaba IPO, says Piper Jaffray
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07:00 EDTYHOOYahoo price target lowered to $40 from $43 at Bernstein
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06:09 EDTYHOOYahoo downgraded to Fair Value from Buy at CRT Capital
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06:03 EDTYHOOYahoo M&A chief says company not planning to buy AOL, Re/code reports
Yahoo (YHOO) is not planning to buy AOL (AOL), Yahoo M&A chief Jackie Reses commented at the Fortune Brainstorm Tech conference, Re/code reports. When asked whether she thought AOL would be acquired in the next two years, Reses said "Not by us." Reference Link
July 15, 2014
18:40 EDTYHOOYahoo advertising revenue drops as company prepares for Alibaba IPO, WSJ says
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18:29 EDTYHOOOn The Fly: After Hours Movers
UP AFTER EARNINGS: Intel (INTC), up 4.1% after reporting second quarter results... AMD (AMD), up 1.6% after Intel reported quarterly results... Cintas (CTAS), up 1.6% after reporting fourth quarter results and fiscal 2015 guidance. ALSO HIGHER: IBM (IBM), up 1.8% after announcing an enterprise mobile partnership with Apple (AAPL), which is up 1.5%. DOWN AFTER EARNINGS: Yahoo! (YHOO), down 2.3% after reversing direction during the company's second quarter earnings conference call. ALSO LOWER: BlackBerry (BBRY), down 3.4% following IBM and Apple partnership announcement.
17:49 EDTYHOOYahoo reverses during conference call, now down 2% in after-hours trading
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16:15 EDTYHOOYahoo lowers amount to sell in Alibaba IPO to 140M shares
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16:14 EDTYHOOYahoo reports Q2 Display revenue down 7% to $394M
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16:12 EDTYHOOYahoo rallies 3% to $36.59 following Q2 results
16:11 EDTYHOOYahoo sees Q3 revenue ex-tac $1.02B-$1.06B, consensus $1.10B
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16:10 EDTYHOOYahoo reports Q2 Price-per-Ad down 24% vs. last year
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16:08 EDTYHOOYahoo CEO says 'not satisfied' with Q2 results
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16:05 EDTYHOOYahoo reports Q2 EPS 37c, consensus 38c
Reports Q2 revenue ex-tac $1.04B, consensus $1.08B.
15:27 EDTYHOONotable companies reporting after market close
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13:06 EDTYHOOEarnings Preview: Yahoo shares trading flat ahead of Q2 earnings report
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10:56 EDTYELPFed calls small cap social media, biotech valuations 'stretched'
The Board of Governors of the Federal Reserve in its Monetary Policy Report dated today said valuation metrics in "some sectors" appear substantially stretched, "particularly those for smaller firms in the social media and biotechnology industries, despite a notable downturn in equity prices for such firms early in the year." A later part in the document reads, "Equity valuations of smaller firms as well as social media and biotechnology firms appear to be stretched, with ratios of prices to forward earnings remaining high relative to historical norms." The specific targeting of sectors by the Fed seems to be having an impact on stocks in the social media and biotech spaces. Shares of Yelp (YELP) are down over 5% to $67.51, while Twitter (TWTR) and Facebook (FB) are each down 2%. Celgene (CELG) and Amgen (AMGN) are leading the biotech space lower with pullbacks of greater than 1%.
10:00 EDTYHOOOn The Fly: Analyst Initiation Summary
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07:32 EDTYHOOYahoo July 35.5 straddle priced for 4.5% move into Q2
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06:41 EDTYHOOYahoo, Live Nation concert program to launch tonight, NY Times says
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