New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For YHOO;GOOG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | all recent news | >>
September 22, 2014
12:16 EDTYHOOOn The Fly: Midday Wrap
Subscribe for More Information
12:14 EDTGOOGTel Aviv in negotiations with Waze to relieve traffic jams, Globes reports
Subscribe for More Information
11:57 EDTYHOOStocks with call strike movement; TSLA YHOO
Subscribe for More Information
11:21 EDTYHOOYahoo downgraded, continues slide following Alibaba IPO
Shares of Yahoo (YHOO) are falling after two research firms downgraded the stock following Friday's initial public offering of China's Alibaba (BABA), in which the U.S. company owned a 23% stake. BACKGROUND: On September 19, Alibaba opened for trade on the NYSE at $92.70 after the company's 320.1M shares were originally priced at $68. Alibaba closed Friday at $93.89 per share, giving it a market value of over $230B. Yahoo sold nearly 122M shares that it owned in the Chinese e-commerce giant as part of the IPO, which left it with a stake of 401.8M shares. ANALYST OPINION: This morning, Bank of America Merrill Lynch analyst Justin Post downgraded Yahoo to Neutral from Buy. He feels that Yahoo is no longer the optimum means to gain Alibaba exposure and that some investment funds will likely exit shares. Post believes that some traders might be now utilizing Yahoo as a short proxy for the Chinese company's stock. Yahoo will potentially allocate some of the Alibaba debut proceeds to acquisitions, Post wrote, and added that Yahoo could also possibly spin-off its Alibaba shares into an entirely separate publicly traded company or that Alibaba could look to buy Yahoo to get back the stake the U.S. company holds. Despite cutting his rating on the stock, Post raised his price target on Yahoo to $46 from $40 to reflect the valuation of its Alibaba position. Bernstein analyst Carlos Kirjner also downgraded Yahoo this morning, lowering his rating on the stock to Market Perform from Outperform. Kirjner is not certain whether Yahoo's stock can grow meaningfully from its current levels now that the Alibaba IPO has come and gone. The analyst maintains a $42 price target on Yahoo. PRICE ACTION: During morning trading, shares of Yahoo fell $2.31 or 5.6%, to $38.62. On Friday the stock ended the day down $1.15, or 2.74%, to close at $40.93. Shares of Alibaba were down about 4% to $90.05 in morning trading.
11:17 EDTYHOOYahoo hits fresh session lows, levels to watch
Subscribe for More Information
11:02 EDTYHOOOptions with decreasing implied volatility
Subscribe for More Information
10:17 EDTYHOOYahoo falls, levels to watch
Subscribe for More Information
10:15 EDTYHOOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actavis (ACT) downgraded to Equal Weight from Overweight at Barclays... Aetna (AET) downgraded to Neutral from Buy at BofA/Merrill... Auxilium (AUXL) downgraded to Hold from Buy at Stifel... CARBO Ceramics (CRR) downgraded to Neutral from Buy at Sterne Agee... Commerzbank (CRZBY) downgraded to Underperform from Neutral at Exane BNP Paribas... Concur (CNQR) downgraded to Neutral from Buy at Nomura... Dresser-Rand (DRC) downgraded to Neutral from Accumulate at Global Hunter... Finish Line (FINL) downgraded to Equal Weight from Overweight at Morgan Stanley... General Communications (GNCMA) downgraded to Hold from Buy at Drexel Hamilton... InvenSense (INVN) downgraded to Neutral from Outperform at RW Baird... Las Vegas Sands (LVS) downgraded to Market Perform from Outperform at Wells Fargo... Lindsay Corp. (LNN) downgraded at Sterne Agee... Melco Crown (MPEL) downgraded to Market Perform from Outperform at Wells Fargo... Outerwall (OUTR) downgraded to Sell from Neutral at B. Riley... PSEG (PEG) downgraded to Hold from Buy at Jefferies... Realogy (RLGY) downgraded to Underperform from Neutral at Credit Suisse... Regal-Beloit (RBC) downgraded to Accumulate from Buy at Global Hunter... SABMiller (SBMRY) downgraded to Market Perform from Outperform at Bernstein... Saba Software (SABA) downgraded to Neutral from Buy at B. Riley... Suburban Propane (SPH) downgraded to Market Perform from Outperform at Wells Fargo... Swiss Re (SSREY) downgraded to Underperform from Neutral at Exane BNP Paribas... Towers Watson (TW) downgraded to Buy from Conviction Buy at Goldman... Valmont (VMI) downgraded at Sterne Agee... Walgreen (WAG) downgraded to Equal Weight from Overweight at Barclays... Watts Water (WTS) downgraded to Neutral from Buy at Janney Capital... Wynn Resorts (WYNN) downgraded to Market Perform from Outperform at Wells Fargo... Yahoo (YHOO) downgraded to Neutral from Buy at BofA/Merrill.
10:08 EDTYHOOYahoo volatility elevated after Alibaba IPO
Subscribe for More Information
09:42 EDTYHOOBofA/Merrill technology analysts holds analyst/industry conference call
Analysts discuss what's next for Yahoo and Softbank on an Analyst/Industry conference call to be held on September 22 at 10 am.
09:38 EDTYHOOActive equity options trading on open
Subscribe for More Information
09:15 EDTYHOOOn The Fly: Pre-market Movers
HIGHER: Sigma-Aldrich (SIAL), up 34% after Merck KGaA (MKGAY) to acquire the company for $17B... Viasystems (VIAS), up 44% after TTM Technologies (TTMI) acquires the company for $16.46 per share in cash and stock. TTM is up 15.5% after the deal... Clorox (CLX), up 5.4% after the New York Post said the company turned down offer to sell or merge with rival... EMC (EMC), up 2.5% after The Wall Street Journal said the company is considering options that could include merging with a rival and held on-and-off merger talks with Hewlett-Packard (HPQ) for almost a year, though the Journal added that those talks recently ended... Epiq Systems (EPIQ), up 9.9% after P2 Capital confirms 16.9% stake in Epiq and that the company turned down the shareholders' $20 per share takeover offer... Dresser-Rand (DRC), up 2.7% after the company sells to Siemens (SIEGY) for $83 per share or $7.6B... TAT Technologies (TATT), up 6.6% after a division of the company signed a maintenance agreement with Republic Airways (RJET). LOWER: Yahoo (YHOO), down 2.1% after stock was downgraded at Bank of America Merrill Lynch and at Bernstein... InvenSense (INVN), down 2.9% after downgraded at RW Baird... Threshold Pharmaceuticals (THLD), down 5.6% after TH-302 Phase 3 trial events to occur later than expected.
08:54 EDTYHOOYahoo downgraded at BofA/Merrill
Subscribe for More Information
08:42 EDTYHOOYahoo downgraded at Bernstein
As noted earlier, Bernstein downgraded Yahoo to Market Perform from Outperform. The firm thinks its positive thesis based on investors' previous underestimation of Alibaba (BABA) has played out. Bernstein believes that it is unclear whether Yahoo's stock can advance meaningfully from current levels. Target $42.
06:53 EDTYHOOYahoo downgraded to Market Perform from Outperform at Bernstein
06:53 EDTYHOOYahoo downgraded to Neutral from Buy at BofA/Merrill
Subscribe for More Information
06:37 EDTYHOOYahoo's core business value cat in half after Alibaba IPO, WSJ reports
The value of Yahoo's (YHOO) core business was cut in half to $6.8B after Alibaba's (BABA) first day of trading Friday, reports the Wall Street Journal. Yahoo made $5.1B in cash from the sale of shares in Alibaba's IPO and its remaining stake is valued at about $23.4B. Reference Link
06:37 EDTYHOOYahoo reportedly acquires India's Bookpad, The Next Web reports
Subscribe for More Information
06:35 EDTGOOGGoogle hurt by new Chinese Internet cracckdown, NY Times says
New restrictions that China has placed on the Internet is making it more difficult for the country's citizens to use the search giant's services, according to The New York Times. Reference Link
06:34 EDTGOOGGoogle selects HTC to make 9-inch Nexus tablet, WSJ reports
Subscribe for More Information
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use