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Stock Market & Financial Investment News

News Breaks
June 30, 2014
09:18 EDTPPG, APP, RMD, DRNA, GWPH, MBI, THS, MNKD, BK, YHOOOn The Fly: Pre-market Movers
HIGHER: MannKind (MNKD), up 9.8% after company confirms FDA approval of Afrezza inhalation powder to improve glycemic control in adult patients with diabetes... Yahoo (YHOO), up 1.6% after being upgraded to Overweight at Piper Jaffray... BNY Mellon (BK), up 3.5% after Activist investor Trian Partners discloses 9.33M share stake... Dicerna Pharmaceuticals (DRNA), up 8.3% after announcing preclinical data demonstrating the promise of DCR-PH1... TreeHouse Foods (THS), up 5% after agreeing to acquire Flagstone Foods for $860M... PPG Industries (PPG), up 5.6% after agreeing to acquire privately-held Consorcio Comex, an architectural and industrial coatings company in Mexico, in transaction is valued at $2.3B... GW Pharmaceuticals (GWPH), up 4.8% after Piper Jaffray raises price target on its stock to $147 from $97. LOWER: American Apparel (APP), down 11% after adopting stockholder rights plan, rejecting Dov Charney request for special meeting... MBIA (MBI), down 4.3% after stock was downgraded to Neutral at BTIG... ResMed (RMD), down 3.8% following cautious mention of the stock in this weekend's Barron's magazine.
News For YHOO;MBI;RMD;BK;GWPH;APP;MNKD;DRNA;PPG;THS From The Last 14 Days
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February 1, 2016
11:42 EDTYHOOStocks with call strike movement; YHOO KORS
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11:01 EDTYHOOYahoo CEO to unveil cost reduction plan Tuesday, WSJ reports
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08:09 EDTYHOOOptions expected to be active
Options expected to be active: GOOGL GOOG YHOO UPS KORS UPS BAX RCL CCL PFE AET D STR DWA CMG ABT SYK.
06:26 EDTYHOOYahoo volatility elevated into Q4 and outlook
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06:21 EDTYHOOYahoo CEO does not plan to step down anytime soon, NY Post reports
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January 31, 2016
16:35 EDTYHOOYahoo accidentaly fired dozens of employees, NY Post says
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13:47 EDTYHOOYahoo delay in seeking sale could force proxy fight, Barron's says
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January 28, 2016
16:40 EDTYHOOOn The Fly: Top stock stories for Thursday
The Dow began the session with triple digit gains thanks in part to solid earnings reports from some of America's bellwether corporations and oil prices, which approached $34 a barrel. The market was unable to hold its opening gains and eventually crossed into negative territory. Before the losses became too big the averages reversed and moved back across the flat line. With oil holding onto its gains and closing above $33 a barrel, the averages closed in positive territory ahead of the next barrage of earnings reports. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 278,000 last week, versus the expected 281,000 first-time claims. Durable goods orders dropped 5.1% in December, versus expectations for a decrease of 0.7%. The core reading, which removes transportation items, was down 1.2%, versus expectations for a decline of 0.1%. The National Association of Realtors' pending home sales index for December rose 0.1%, versus expectations for it to be up 0.9%. COMPANY NEWS: Shares of Facebook (FB) surged 15.5% to $109.11 after the social media giant's fourth quarter earnings and revenue beat expectations. A number of Wall Street analysts increased their price targets for the stock following the report, including Piper Jaffray's Gene Munster, who hiked his target to a "Street-high" $170 per share. Facebook management made only one mention of macro concerns for the business in 2016, significantly different than Apple's (AAPL) earnings call on Tuesday night, Munster pointed out... Caterpillar (CAT) reported better than expected quarterly earnings, excluding certain items, but its revenue came in below the consensus forecast and the heavy equipment maker warned that it does not anticipate an improvement in the world economy or commodity prices in 2016. The stock, which had declined almost 20% in the last three months prior to this morning's report, rebounded 4.7% to $61.08 after the company jumped over the lowered bar that had been set by bearish analysts... Under Armour (UA), which had similarly been the focus of concern recently for some bearish analysts, posted better than expected results on the top and bottom line and backed its fiscal year revenue forecast, proving its doubters wrong and sending its share rocketing up 22.5% to $84.00. MAJOR MOVERS: Among the notable gainers were Intrexon (XON), Inovio (INO) and Cerus (CERS), which gained a respective 10%, 7.6% and 1.4% as the ongoing Zika virus scare brought attention to the companies' efforts fighting the illness. Also higher were SolarCity (SCTY), Sunrun (RUN) and Vivint Solar (VSLR), with the solar stocks jumping 8.5%, 20.5% and 3.6%, respectively, after the California Public Utilities Commission approved new net-metering rules. Meanwhile, Eagle Pharmaceuticals (EGRX) rose 12.2% to $74.44 after announcing commercial availability of its Bendeka injection in partnership with Teva (TEVA). Among the noteworthy losers was Yahoo (YHOO), which lost 3.2% to $28.75 despite a pre-market spike after SpringOwl Asset Management urged the company to seek an investment from a strategic partner. The news was also followed by reports that CEO Marissa Mayer has started restructuring efforts with an "invest/maintain/kill" list, as well as news that Verizon (VZ) denied a report that it had bid for the company's core Internet business. Also lower were OSI Systems (OSIS), Qualcomm (QCOM) and eBay (EBAY), which fell a respective 31.8%, 8.3% and 12.5% following their quarterly earnings reports. INDEXES: The Dow rose 125.18, or 0.79%, to 16,069.64, the Nasdaq gained 38.51, or 0.86%, to 4,506.68, and the S&P 500 advanced 10.41, or 0.55%, to 1,893.36.
11:30 EDTYHOOYahoo pares down Latin American operations, TechCrunch says
Yahoo is paring down its regional operations in Latin America and has closed its offices in Mexico City and Buenos Aires, Argentina, says Tech Crunch. The company is maintaining operations in Sao Paulo, Brazil and Coral Gables, Florida. added TechCrunch. Reference Link
08:33 EDTYHOOOptions expected to be active
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06:56 EDTYHOOVerizon denies report of bidding on Yahoo core business, CTFN says
Verizon (VZ) spokesperson for Bob Varettoni said the New York Post "was wrong" in reporting on January 23 that the telecom company made an offer to acquire Yahoo's (YHOO) Internet search business, reported CTFN. Varettoni told the publication: "The rumor's false...We've made no offer to acquire Yahoo." Reference Link
06:30 EDTYHOOYahoo starts restructuring with 'invest/maintain/kill' list, Re/code reports
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06:17 EDTYHOOYahoo starts restructuring with 'invest/maintain/kill' list, Re/code reports
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05:44 EDTYHOOSpringOwl calls for Yahoo, Viacom to seek partners, Reuters reports
SpringOwl Asset Management, which holds undisclosed stakes in Yahoo (YHOO) and Viacom (VIA), is urging the boards of both companies to seek investments from strategic partner, Reuters reports, citing an article that is set to be published today. SpringOwl managing director Eric Jackson says that "Although some shareholders of both Yahoo and Viacom think that a simple sale or break-up of both companies is the best way to create value for shareholders, we believe that both companies could benefit from their own version of the 'Buffett Convert,'" and that while stakes of investors would be diluted if an outside investor steps in, but "they would still be better off because their shares would likely get re-rated upwards substantially with this new partner sitting around the board table." Jackson believes Yahoo should seek outside investment from Liberty Media (LMCA), Verizon (VZ) or AT&T (T), while Viacom would benefit from Alibaba (BABA), Amazon (AMZN) or AMC Entertainment (AMC). Reference Link
05:43 EDTMNKDStocks with implied volatility movement; BTU MNKD
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January 27, 2016
09:46 EDTMNKDMannKind to host business news update conference call
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08:42 EDTYHOOIAC's Diller says would not buy Yahoo, Bloomberg reports
IAC (IAC) Chairman Barry Diller said Yahoo (YHOO) can be a standalone business, adding that he would not buy the company, according to Bloomberg. Diller said Yahoo is only worth buying at a "serious discount," according to Bloomberg.
January 26, 2016
15:31 EDTMNKDMannKind exploring potential sale, Reuters reports
MannKind (MNKD), whose shares have plunged 40% since Sanofi (SNY) terminated an agreement for the development and commercialization of inhaled insulin drug Afrezza, is now exploring its strategic options, including a potential sale, reported Reuters, citing people familiar with the matter. MannKind shares are up about 20% to 90c in afternoon trading following the report. Reference Link
14:33 EDTMNKDMannKind exploring alternatives, including potential sale, Reuters reports
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10:48 EDTTHSTreeHouse may benefit from strategy shifts, says Detwiler Fenton
Detwiler Fenton said TreeHouse (THS) may benefit from Keurig Green Mountain's (GMCR) and Starbucks' (SBUX) focust shift into new products. Keurig Green Mountain dropping of its private-label business opens the door for TreeHouse to take market share, the firm's analyst said. Detwiler sees TreeHouse benefiting from Starbucks' shifts away from Keurig Green Mountain and into other product opportunities.
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