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Stock Market & Financial Investment News

News Breaks
April 16, 2014
09:28 EDTYHOO, CRDC, ZLCS, IBKR, JBLU, ZGNX, YELP, KING, SODA, SFUNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Yahoo (YHOO), up 8%... Interactive Brokers (IBKR), up 5%. ALSO HIGHER: SodaStream (SODA), up 10% after Israel's Calcalist says the company is in talks to sell a stake to a strategic buyer, though research firm Stifel questioned the validity of the report... King Digital (KING), up 5% after announcing planned launch of Candy Crush Saga in China in partnership with Tencent (TCEHY)... Zalicus (ZLCS), up 20% after announcing merger agreement with Epirus... Yelp (YELP), up 4.7% after upgraded at Citigroup... SouFun (SFUN), up 4.6% after upgraded at Goldman... JetBlue (JBLU), up 2% following upgrade at Argus... Zogenix (ZGNX), up 10% after confirming reversal of Zohydro sales ban in Massachusetts. DOWN AFTER EARNINGS: Credit Suisse (CS), down 2.6%. ALSO LOWER: Cardica (CRDC), down 3.2% after selling 32.5M common shares at 85c.
News For YHOO;SODA;KING;YELP;ZGNX;JBLU;IBKR;ZLCS;CRDC;SFUN From The Last 14 Days
Check below for free stories on YHOO;SODA;KING;YELP;ZGNX;JBLU;IBKR;ZLCS;CRDC;SFUN the last two weeks.
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August 12, 2014
15:48 EDTKINGKing Digital August 18 straddle priced for 14.4% move into Q2
15:23 EDTKINGNotable companies reporting after market close
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14:17 EDTJBLUJetBlue reports July traffic up 4.3%
JetBlue Airways reported its traffic in July, measured by revenue passenger miles, increased 4.3% from the same month of last year on a capacity increase of 3.5%. Load factor for July was 88.3%, an increase of 0.7 points from July of last year. JetBlue's preliminary completion factor was 97.0% and its on-time performance was 65.8%. JetBlue's preliminary passenger revenue per available seat mile for the month of July increased 1% year over year.
13:05 EDTYHOOYahoo acquires Zofari, terms not disclosed
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August 11, 2014
15:27 EDTCRDCWedbush to hold a conference
Life Sciences Management Conference to be held in New York on August 12-13.
14:15 EDTKINGKing Digital volatility elevated into Q2 and outlook
King Digital August call option implied volatility is at 148, September is at 66, November is at 61, January is at 54; compared to its 18-week average of 56 according to Track Data, suggesting large price movement into the expected release of Q2 results on August 12.
12:25 EDTKINGOn The Fly: Midday Wrap
Stocks on Wall Street opened in positive territory and have remained there throughout the morning. There was little in the way of a catalyst, as the economic calendar was empty, though investors may have been encouraged that there was no breakdown in the ceasefire agreement between Israel and Gaza and no big headlines from the Russia/Ukraine border. Additionally, some may have viewed comments from Fed Vice Chair Fischer as dovish and in support of continued easing. ECONOMIC EVENTS: In the U.S., no significant economic data was released. In prepared comments for a conference, Federal Reserve Vice Chairman Stanley Fischer said rebounds across advanced economies have been disappointing, leading the Fed and other observers to lower their long-term expectations for growth potential in the U.S. COMPANY NEWS: Shares of Kinder Morgan (KMI) advanced 10% after announcing it will consolidate its oil-and-gas holdings into one company by acquiring all of the outstanding shares of a number of its subsidiaries, including Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB). In addition to the rise in the shares of the parent, Kinder Morgan Energy shares rose 19%, Kinder Morgan Management gained 25% and El Paso Pipeline moved up 22%. MAJOR MOVERS: Among the notable gainers was salad and banana producer Chiquita Brands (CQB), which jumped 31% to trade above $13 per share after Cutrale Group and the Safra Group proposed to acquire 100% of the company's outstanding stock for $13 in cash each. Also higher was electric car maker Tesla (TSLA), which rose 5% after Deutsche Bank upgraded the stock to Buy from Hold and raised its price target on the shares to $310 from $220. Among the noteworthy losers was social game maker King Digital (KING), which slid 3% after the stock was downgraded at Pacific Crest to Sector Perform from Outperform. Also lower following their earnings reports were Inovio (INO), which fell over 8%, and Gogo (GOGO), which dropped nearly 6%. INDEXES: Near midday, the Dow was up 51.25, or 0.31%, to 16,605.18, the Nasdaq was up 38.19, or 0.87%, to 4,409.08, and the S&P 500 was up 10.12, or 0.52%, to 1,941.71.
12:05 EDTKINGKing Digital shares defended at Cowen
Cowen defended King Digital and said it disagrees with a competitor comments comparing Soda Sage Beta data vs. actual launch data for Candy Crush and Farm Hero, which benefited from marketing ad spend and app store featuring.
11:48 EDTKINGKing Digital shares weaker after Pacific Crest downgrade
Shares of interactive entertainment company King Digital (KING) are falling in late-morning trading after the company was downgraded at Pacific Crest. WHAT'S NEW: In a note to investors earlier today, Pacific Crest analysts downgraded the company to Sector Perform from Outperform, saying King Digital's "Candy Crush Soda Saga" will not drive a return to growth. The firm believes that the game's popularity may have already peaked and leveled off. WHAT'S NOTABLE: In light of their low confidence in the "Soda Saga" game and the current trends in King Digital's portfolio, Pacific Crest is lowering its 2015 estimates, although it expects near-term estimates in the third quarter to meet expectations. The firm believes that the company faces the same risks as other videogame companies and must be able to develop another hit game to sustain growth, and says growth forecasts are more difficult to achieve in the fourth quarter and beyond. PRICE ACTION: Shares of King Digital are down 58c, or 3.01%, to $18.71 in late-morning trading. Year-to-date, shares are down over 1.5%.
10:19 EDTKINGOn The Fly: Analyst Downgrade Summary
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05:33 EDTKINGKing Digital downgraded to Sector Perform from Outperform at Pacific Crest
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August 10, 2014
20:27 EDTJBLUEngine fire on JetBlue Airbus A321 single aisle jet forces evacuation, WSJ says
A JetBlue (JBLU) Airbus (EADSY) A321 single aisle jet had to land and evacuate its passengers on a flight from San Juan, Puerto Rico, after its left engine caught on fire, says the Wall Street Journal. Reference Link
August 8, 2014
06:01 EDTYHOOYahoo to strengthen email encryption for users, Mashable reports
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August 7, 2014
17:33 EDTCRDCCardica reports Q4 EPS (8c), consensus (6c)
Reports Q4 revenue $1.02M, consensus $930.000.
11:26 EDTSFUNSouFun rallies after results and in spite of FY14 revenue guidance cut
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08:44 EDTSFUNSouFun cuts FY14 revenue to $727M-$739M from $780M-$796M
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08:43 EDTSFUNSouFun reports Q2 non-GAAP EPS 16c, consensus 14c
Reports Q2 revenue $168.16M, consensus $173.52M
August 6, 2014
11:28 EDTYHOOYahoo appoints former Netflix executive Mike Kail as CIO
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07:59 EDTZGNXZogenix price target lowered to $2.50 from $5 at Oppenheimer
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07:49 EDTYHOOcomScore price target raised to $44 from $40 at Brean Capital
Brean Capital raised its price target on comScore (SCOR) to $44 from $40 as they believe the company is well positioned for an acceleration in fundamentals. The firm expects its recent years of investment to impact their online business as the integration of Yahoo (YHOO) vCE is up and running and Google (GOOG) is expected to be completed by the end of Q3, leading to an acceleration of top line growth. Brean maintains its Buy rating on comScore.
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