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Stock Market & Financial Investment News

News Breaks
April 7, 2014
11:12 EDTZ, EJ, LEDR, RP, TRLA, MOVEZillow rises after monthly unique users jump in March
Shares of online real estate and home-related info provider Zillow (Z) are up after the company reported that its monthly unique users increased to 76.55M in March. WHAT'S NEW: Zillow reported on its company website after Friday's close that its monthly unique users for mobile apps and websites grew to 76.55M in March from 65.56M in February and 50.3M in March of last year. WHAT'S NOTABLE: On April 2, Zillow announced a partnership with Beijing Yisheng Leju Information Services in an effort to provide real-estate listings for a Chinse real-estate portal, which could give Chinese investors greater access to the housing market in the U.S. Financial terms of the partnership were not disclosed. In a written statement, Leju CEO Geoffrey Yinyu He said, "Many of our 60M users are interested in U.S. properties." Beijing Yisheng Leju Information Services is an affiliate of E-House (EJ). OTHERS TO WATCH: Other firms providing solutions for the real estate industry include Market Leader (LEDR), RealPage (RP), Trulia (TRLA), and Move, Inc. (MOVE). PRICE ACTION: During morning trading, shares of Zillow rose $3.41 or 3.75% to $94.41.
News For Z;EJ;LEDR;RP;TRLA;MOVE From The Last 14 Days
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July 24, 2014
14:07 EDTZ, TRLAZillow in talks to acquire Trulia, Bloomberg reports
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14:03 EDTTRLA, ZTrulia, Zillow resume trading after volatility halts
14:00 EDTTRLA, ZTrulia jumps 11%, Zillow up 10% after Bloomberg report of buyout talks
13:58 EDTZ, TRLATrulia could be valued as high as $2B in Zillow buyout, Bloomberg says
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13:57 EDTZ, TRLAZillow in talks to acquire Trulia, Bloomberg reports
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July 22, 2014
12:53 EDTZ, RPRealPage likely being presented with strategic alternatives, says Barrington
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10:46 EDTEJHigh option volume stocks: SBAC KS EDU PII GALT EJ AXL TSEM HLF BCOR
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07:17 EDTTRLANational Association for Business Economics to hold a seminar
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July 18, 2014
12:48 EDTTRLA, RP, Z, LEDR, MOVERealPage tumbles after reporting preliminary Q2 revenue miss
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12:42 EDTRPOn The Fly: Midday Wrap
Stocks on Wall Street began the session in positive territory and have remained there throughout the morning. The averages moved in a narrow range for most of the opening hour of the session but spurted to higher levels during the second hour. Investors appear to be using yesterday’s sell-off as a buying opportunity, despite the ongoing events in Russia and Israel that largely contributed to yesterday’s action. ECONOMIC EVENTS: The first release of the University of Michigan consumer sentiment index for July fell to 81.3 after ending June with an 82.5 reading. The leading economic indicator index rose 0.3% to 102.2, which was a bit below the forecast for an increase of 0.5%. COMPANY NEWS: Class A shares of Google (GOOGL) advanced over 3% after the search giant reported quarterly revenue that beat expectations last night. Following its report, at least three Wall Street research firms raised their price targets on the stock, while noted tech analyst Collin Gillis of BGC Financial upgraded the stock to Buy from Hold... Dow component General Electric (GE) reported second quarter EPS of 39c, matching the consensus forecast, and revenue that just missed the consensus view of analysts. The company also reported that it is targeting the initial public offering of IPO of Synchrony Financial (SYF), its North American Retail Finance business, for July. In the IPO, Synchrony is offering 125M shares of its common stock, which will be listed on the New York Stock Exchange under the symbol “SYF,” and anticipates that the IPO price of the shares will be between $23.00 and $26.00 per share... Another Dow member, IBM (IBM), fell 0.4% after reporting adjusted Q2 earnings per share and revenue that beat expectations. Afterward, Cantor said it thinks the worst is over for the company and reiterated its Buy rating on the shares, though Societe Generale downgraded IBM to Sell from Hold and Credit Suisse said IBM continues to be driven by less revenue growth and kept its Underperform rating and $160 price target on Big Blue's stock. MAJOR MOVERS: Among the notable gainers was Skyworks (SWKS), which gained 14% after reporting third quarter results and fourth quarter guidance above analyst estimates and seeing no less than five analyst firms raise their price targets on its stock. Also higher was Gentiva Health (GTIV), which rose 14% after it announced that its board unanimously determined to reject the partial tender offer from Kindred Healthcare (KND) to acquire 14.9% of the outstanding shares of Gentiva for a price of $16.00 per share in cash and disclosed that it has received a $17.25 per share, all-cash takeover proposal from a "recognized owner, operator and investor in the sector." After the announcement, shares of Kindred fell 2%. Also lower following their earnings reports were RealPage (RP), which fell over 21%, and Advanced Micro Devices (AMD), which dropped nearly 18%. INDEXES: Near midday, the Dow was up 107.05, or 0.63%, to 17,083.86, the Nasdaq was up 57.98, or 1.33%, to 4,421.43, and the S&P 500 was up 17.04, or 0.87%, to 1,975.16.
10:03 EDTRPOn The Fly: Analyst Downgrade Summary
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09:24 EDTRPOn The Fly: Pre-market Movers
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08:20 EDTRPRealPage downgraded at JMP Securities
As noted earlier, JMP Securities downgraded RealPage to Market Perform from Outperform. The firm downgraded the stock following the company's Q2 results which the firm found "very disappointing."
06:25 EDTRPRealPage downgraded to Underperform from Outperform at William Blair
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06:22 EDTRPRealPage downgraded to Market Perform from Outperform at JMP Securities
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July 17, 2014
18:31 EDTRPOn The Fly: After Hours Movers
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17:48 EDTRPRealPage reports preliminary Q2 non-GAAP revenue $93.8M-$94.8M
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July 16, 2014
16:33 EDTZZillow acquires Retsly
Zillow announced it has acquired Vancouver, BC based Retsly, a software company that normalizes real estate data from multiple listing services so developers can build data-driven products for the real estate industry. The company also provides MLSs with the tools to manage software applications in their market and ensure their content is being used appropriately. Zillow is not disclosing the financial terms of the acquisition. "Retsly's platform will spur tremendous innovation in the real estate space, enabling developers to build software that works across MLS boundaries and without the overhead of dealing with local data formats," said Spencer Rascoff, Zillow CEO. "Retsly's team and cutting-edge technology is a great fit with Zillow and aligns with our goal to offer great value and services to our industry partners. We're thrilled to welcome Retsly to Zillow." Retsly was founded in 2013 and will continue to operate from Vancouver.
09:32 EDTMOVEMove, Inc. mentioned positively at Craig-Hallum
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07:24 EDTZSiemer & Associates to hold a summit
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