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Stock Market & Financial Investment News

News Breaks
July 14, 2014
06:39 EDTYELPYelp initiated with an Underweight at Evercore
Target $65.
News For YELP From The Last 14 Days
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February 9, 2016
08:54 EDTYELPYelp results, guidance imply negative leverage, says Roth Capital
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07:58 EDTYELPYelp local ad revenue appears to be stabilizing, says RBC Capital
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06:54 EDTYELPYelp valuation looks compelling, says Citi
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06:22 EDTYELPYelp upgraded to Neutral from Sell at B. Riley
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05:49 EDTYELPYelp price target lowered to $19 from $26 at Piper Jaffray
Piper Jaffray analyst Gene Munster cut his price target for Yelp shares to $19 citing decelerating user engagement and account growth following the company's December quarter results. The will be range bound following another quarter of "disappointing core advertising revenue and lighter profitability than anticipated," Munster tells investors in a post-earnings research note. He reiterates a Neutral rating on Yelp.
February 8, 2016
16:23 EDTYELPOn The Fly: Top stock stories for Monday
Stocks began the session deep in negative territory thanks in part to lower oil prices, poor banking data out of China, and selling in Europe. The market saw little in the way of buying for most of the day, with all ten of the S&P sectors in negative territory. Oil prices struggled to stay above $30 per barrel, while "safe haven" gold moved above $1,200 an ounce, its highest price since June. Once oil settled, stocks saw a late rally and cut into their losses, but the averages still ended the day deep in the red even following the comeback. ECONOMIC EVENTS: In the U.S., the labor market conditions index came in at 0.4 for January, below expectations for a reading of 2.0. In Asia, markets in mainland China, Hong Kong, Taiwan and Korea were all closed for the New Year holiday. Data was still released in China that showed the country's foreign currency reserves fell to their lowest level since May 2012, dropping about $99B in January, though that was better than analyst forecasts and ahead of some recent whispers. COMPANY NEWS: Chesapeake Energy (CHK) tumbled 33.2% to $2.05 after media reports indicated that the natural gas producer has hired restructuring lawyers from Kirkland & Ellis. The company later remarked that the law firm has been retained as an adviser, though Chesapeake noted it has "no plans" to pursue bankruptcy, which helped the stock recover some of its early losses... Meanwhile, another player in the oil space with ties to Chesapeake, Energy Transfer Equity (ETE), declined 41.3% to $4.10 after the company disclosed it was making a change to the Chief Financial Officer of its general partner. Williams Company (WMB), which has agreed to merge with Energy Transfer, also slid nearly 35%... Yelp (YELP) ended Monday down 11% at $16.11 after the earlier than expected release of its quarterly earnings report, which the company blamed on the news distribution service that issued the press release before the results were due. Yelp's earnings and revenue came in above expectations, though the company also disclosed that its finance chief Rob Krolik would be stepping down. MAJOR MOVERS: Among the notable gainers was Apollo Education (APOL), which rallied 24% to $8.62 after agreeing to be acquired for $9.50 per share by a group of investors led by private equity firm Apollo Global (APO), with the news also sending its for-profit education competitor DeVry (DV) up 5.5%. Also higher was GoPro (GPRO), which gained 10.3% to $10.99 after Microsoft (MSFT) announced a new collaborative patent licensing agreement with the beaten down action camera maker. In addition, Outerwall (OUTR), owner of the Redbox and Coinstar kiosk brands, rose 11% to $30.01 after Bloomberg reported that at least three buyout firms have sought to take it private in the past two years, with activist investor Engaged Capital later in the day confirming a 14% stake in the company. Among the noteworthy losers was Sarepta (SRPT), which declined 12.1% to $10.74 after the FDA delayed a decision on the company's closely-watched Duchenne muscular dystrophy treatment eteplirsen. Also lower was BioCryst (BCRX), which plunged 71% to $1.77 after a clinical trial of its hereditary angioedema drug failed to meet its primary endpoint. Meanwhile, Twitter (TWTR) fell 5.3% to $14.89 following reports over the weekend that it is rethinking its news feed, potentially ordering posts based on popularity rather than chronological date. INDEXES: The Dow fell 177.92, or 1.1%, to 16,027.05, the Nasdaq lost 79.39, or 1.82%, to 4,283.75, and the S&P 500 declined 26.61, or 1.42%, to 1,853.44.
14:02 EDTYELPYelp outlook shows business still transitioning, says Piper Jaffray
Piper Jaffray analyst Gene Munster says Yelp's guidance shows the business is still in transition. The good news is investors expected a worse outlook, the bad news is Yelp's structural problems are not fixed, Munster tells investors in a research note after Yelp's earnings came out intraday. He keeps a Neutral rating on the stock.
13:50 EDTYELPYelp: Early earnings release caused by vendor error, CNBC says
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13:24 EDTYELPYelp trading halted again for circuit-breaker, down 5.3% at $17.14
Shares have been volatile after the company issued an intraday earnings release and announced that its CFO plans to leave.
13:20 EDTYELPYelp says CFO Rob Krolik to step down in coming months
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13:20 EDTYELPYelp down 10% to $16.37 after earnings release, CFO change
13:19 EDTYELPYelp reports Q4 app unique devices up 38% to 20M on monthly average basis
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13:17 EDTYELPYelp sees FY16 revenue $685M-$700M, consensus $687.42M
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13:16 EDTYELPYelp sees Q1 revenue $154M-$157M, consensus $154.4M
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13:15 EDTYELPYelp reports Q4 adjusted EPS 11c, consensus (3c)
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13:15 EDTYELPYelp halted for circuit-breaker after intraday earnings release
07:05 EDTYELPYelp volatility elevated into Q4 and outlook
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06:22 EDTYELPWall Street view of Yelp soured by higher costs, slowing user growth, WSJ says
Wall Street sentiment towards Yelp (YELP) has soured as the company struggles with rising costs and weakening user growth, Steven Russollilo of the Wall Street Journal's Ahead of the tape says. With the company poised to report Q4 results Monday, Yelp is closer to falling below its $15 IPO price for the first time, which seemed very unlikely a few years ago when its shares were trading above $100, the Journal says. The company has nearly tripled its employee count over the past three years, but generates a lower revenue per employee than multiple tech companies, including Facebook (FB) and Alphabet (GOOG), the report says. In addition, Yelp's niche market is becoming increasingly competitive, with companies like Google diverting traffic to its own listings, the report says. Reference Link
February 5, 2016
08:14 EDTYELPYelp volatility elevated into Q4 and outlook
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February 3, 2016
10:35 EDTYELPYelp losing traffic share, says B. Riley
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