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Stock Market & Financial Investment News

News For YHOO;GOOG From The Last 14 Days
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October 23, 2014
07:45 EDTGOOGGoogle's DeepMind acqui-hires two AI teams in the U.K.
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06:00 EDTYHOOYahoo implied volatility of 34 at lower end of index mean range
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October 22, 2014
16:33 EDTYHOOOn The Fly: Closing Wrap
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16:00 EDTYHOOOptions Update; October 23, 2014
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13:18 EDTYHOOYahoo earnings beat, Alibaba stake sale details send shares higher
Shares of Yahoo (YHOO) are climbing after the company's third quarter earnings and revenue topped estimates. Additionally, Yahoo CEO Marissa Mayer said that it had obtained net proceeds of $6B from its sale of shares in Alibaba (BABA) during the latter company's IPO. The country's top tax experts are "working intensively" to reduce Yahoo's tax liability on its sale of the Alibaba stake, said Mayer, adding that Yahoo will provide more information about its strategy for accomplishing that goal in January. WHAT'S NEW: Last night, Yahoo reported Q3 earnings per share of 52c, topping the consensus forecast of 30c, and revenue excluding Traffic Acquisition Costs of $1.09B, which also beat consensus. Yahoo's after-tax windfall from the sale of its Alibaba stake during the Chinese company's IPO totaled about $6B, Mayer said on the company's earnings conference call last night. Yahoo intends to return at least 50% of that total, or about $3B, to shareholders, the CEO noted. Last quarter, Yahoo intensified its share repurchases as part of that commitment, she added. Yahoo still holds 384M shares of Alibaba, worth $34B before taxes, Mayer pointed out. The Internet company has hired top tax experts who are "working intensively" in an effort to reduce the company's tax liability on the sale of these shares, the CEO stated. Yahoo will provide more information to investors about this issue in January, Mayer indicated. ANALYST REACTION: In a note to investors today, FBR Capital analyst William Bird upgraded Yahoo to Outperform from Market Perform. Yahoo appears to be working on shielding its Asian assets from taxes and the company's tax saving initiatives could be worth $13 per share, Bird stated. The company's decision to share information about these initiatives sooner than expected is also positive for the stock, he contended. Bird raised his price target on the stock to $50 from $40. PRICE ACTION: In early afternoon trading, Yahoo climbed over 5% to $42.30.
13:14 EDTGOOGMarathon Patent Group files patent fringement lawsuits against Apple, Amazon
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13:11 EDTGOOGFirm says Chromebook shipments surged 67% in Q2
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13:06 EDTGOOGGoogle introduces Inbox on blog
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12:09 EDTYHOOOn The Fly: Midday Wrap
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11:55 EDTYHOOStocks with call strike movement; YHOO CELG
Yahoo (YHOO) January 48 call option implied volatility decreased 6% to 32, Celgene (CELG) April 110 call option implied volatility increased 2% to 32 according to IVolatility.
10:09 EDTYHOOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AOL (AOL) upgraded to Buy from Hold at Evercore... ARM Holdings (ARMH) upgraded to Buy from Neutral at UBS... American Assets Trust (AAT) upgraded to Buy from Hold at MLV & Co.... American Midstream Partners (AMID) upgraded to Buy from Neutral at Ladenburg... BancorpSouth (BXS) upgraded to Neutral from Underweight at JPMorgan... Chesapeake (CHK) upgraded at UBS... Chuy's (CHUY) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Overweight from Equal Weight at Morgan Stanley... East West Bancorp (EWBC) upgraded at BMO Capital... El Paso Electric (EE) upgraded to Buy from Neutral at Ladenburg... Generac (GNRC) upgraded to Buy from Hold at KeyBanc... Gold Fields (GFI) upgraded to Overweight from Neutral at HSBC... Harmony Gold (HMY) upgraded to Neutral from Underweight at HSBC... Hess Corp. (HES) upgraded to Buy from Neutral at UBS... Hovnanian (HOV) upgraded to Market Perform from Underperform at JMP Securities... Intuitive Surgical (ISRG) upgraded to Buy from Neutral at BTIG... OMV AG (OMVKY) upgraded to Neutral from Underperform at Credit Suisse... Seaspan (SSW) upgraded to Neutral from Underperform at Credit Suisse... Sibanye Gold (SBGL) upgraded to Neutral from Underweight at HSBC... Smith & Nephew (SNN) upgraded to Overweight from Equal Weight at Barclays... Southwestern Energy (SWN) upgraded to Buy from Hold at Maxim... Steel Dynamics (STLD) upgraded to Outperform from Neutral at Macquarie... Steris (STE) upgraded to Strong Buy from Market Perform at Raymond James... Tesoro Logistics (TLLP) upgraded to Strong Buy from Outperform at Raymond James... Texas Instruments (TXN) upgraded to Outperform from Market Perform at Bernstein... Twitter (TWTR) upgraded to Hold from Sell at Hudson Square... Vanguard Natural (VNR) upgraded to Buy from Hold at Wunderlich... Volaris (VLRS) upgraded to Buy from Hold at Deutsche Bank... Wilshire Bancorp (WIBC) upgraded to Outperform from Neutral at Macquarie... Yahoo (YHOO) upgraded to Outperform from Market Perform at FBR Capital.
09:38 EDTYHOOActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR YHOO BAC GILD FB THRX DOW CAR
09:21 EDTYHOO, GOOGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
07:36 EDTYHOOYahoo shares offer compelling trading opportunity, says Bernstein
After Yahoo (YHOO) expressed optimism about its ability to find tax efficient ways to transfer the value of Alibaba's (BABA) stake to its shareholders, Bernstein says that Yahoo's stock price implies that the company will pay full tax on the sale of its Alibaba stake. The firm sees limited downside and 30% potential upside in Yahoo's stock over the near-term. However, it keeps a Market Perform rating on the shares.
07:09 EDTYHOOYahoo turnaround still in early stages, says JMP Securities
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06:24 EDTGOOGGoogle announces continued progress on fighting piracy
Google is refining its search algorithm designed to demote links to sites featuring content that allegedly infringes on copyrights, the company said in a blog post. Google says "We’ve now refined the signal in ways we expect to visibly affect the rankings of some of the most notorious sites. This update will roll out globally starting next week." Reference Link
06:20 EDTYHOOYahoo upgraded to Outperform from Market Perform at FBR Capital
FBR Capital upgraded Yahoo to Outperform following the company's Q3 results and raised its price target for shares to $50. FBR believes Yahoo's attempts to create a tax shield for its Asian assets could add $13 per share and that the company's new initiatives in mobile and video are gaining traction. Shares of Yahoo are trading up $1.32 to $41.50 in pre-market trading.
06:19 EDTYHOOYahoo's Tumblr could generate over $100M in revenue in 2015, WSJ reports
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October 21, 2014
18:36 EDTYHOOOn The Fly: After Hours Movers
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17:48 EDTYHOOYahoo, Tumblr monthly active users exceeds 1B, up 6% vs. last year
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