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Stock Market & Financial Investment News

News Breaks
December 7, 2012
12:31 EDTZRumor: Zillow strength attributed to takeover speculation
News For Z From The Last 14 Days
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May 20, 2013
14:20 EDTZMove mentioned as takeover target by Citron Research on Twitter
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May 15, 2013
09:28 EDTZZillow shares should be bought at current levels, says Pacific Crest
Pacific Crest's checks suggest that Trulia's (TRLA) purchase of Market Leader (LEDR) should not have a significant impact on Zillow (Z). The firm remains bullish on Zillow's market position and keeps an Outperform rating on the shares.
May 8, 2013
17:01 EDTZOn The Fly: Closing Wrap
Stocks on Wall Street were higher again, pushing the Dow and S&P to new record levels. A late afternoon move down to the flatline made it seem like the recent winning streak was set to end, but the averages quickly reversed higher and closed firmly in positive ground. ECONOMIC EVENTS: In the U.S., the light economic calendar included MBA's report on mortgage applications, which were up 7%, and the EIA's petroleum status report, which showed crude oil inventories built up by less than was expected last week. In Europe, German industrial production increased 1.2% month-over-month in March, beating expectations for a 0.1% decline. In Asia, Chinese trade data showed exports climbed 14.7% in April, while imports were up 16.8%. However, some analysts expressed caution that the strong export gains should be viewed with some level of skepticism. COMPANY NEWS: Dow member Disney (DIS) beat expectations on the top and bottom line and price targets on the stock were raised at several firms, but shares slid 8c, or 0.12%, to $65.99... J.C. Penney (JCP) released preliminary Q1 results last night, including comparable store sales that were down 16.6% and revenue of $2.64B, which was below expectations. However, the results were enough to send shares of the heavily-shorted retailer up $1.21, or 7.38%, to $17.61. MAJOR MOVERS: Among the notable gainers was Whole Foods Market (WFM), up $9.39, or 10.12%, to $102.19 after earnings beat estimates, the company raised its full year outlook and announced a two-for-one stock split. Also higher were shares of Dex Media (DXM), up $2.84, or 20.71%, to $16.55 after Kyle Bass, presenting at the Sohn Investing Conference, said the company's stock could trade up to 5 times higher than current levels in 3 years. Among the noteworthy losers was Fusion-io (FIO), down $3.40, or 18.89%, to $14.60 after its CEO and chief marketing officer resigned and shares were downgraded by at least two analyst firms. Also lower following its earnings report was Zillow (Z), which fell $6.26, or 9.95%, to $56.68. INDICES: The Dow was up 48.92, or 0.32%, to 15,105.12; the Nasdaq was up 16.64, or 0.49%, to 3,413.27; and the S&P 500 was up 6.73, or 0.41%, to 1,632.69.
12:20 EDTZOn The Fly: Midday Wrap
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10:38 EDTZZillow tumbles after big earnings miss, levels to watch
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09:24 EDTZOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Myriad Genetics (MYGN), up 9%... Electronic Arts (EA), up 7.4%... Cognizant (CTSH), up 5.2%. ALSO HIGHER: Whole Foods (WFM), up 8.5% after earnings, raising guidance, announcing two-for-one stock split... BlackBerry (BBRY), up 2% after Macquarie says stock setting up for bounce and Jefferies says Q10 demand remains robust... Delta (DAL), up 0.7% after initiating 6c dividend, authorizing $500M share buyback. DOWN AFTER EARNINGS: ValueClick (VCLK), down 20%... Axiall (AXLL), down 8.4%... Zillow (Z), down 5.1%... SodaStream (SODA), down 6%... Symantec (SYMC), down 5.8%... AOL (AOL), down 4.6%. ALSO LOWER: Fusion-io (FIO), down 26% after resignations of CEO, Chief Marketing Officer.
07:14 EDTZZillow downgraded to Neutral from Buy at Goldman
Goldman downgraded Zillow citing valuation following the Q1 report.
06:21 EDTZZillow price target raised to $75 from $60 at Benchmark Co.
Benchmark Co. raised its price target for shares of Zillow following the company's Q1 results and keeps a Buy rating on the stock.
May 7, 2013
17:20 EDTZZillow raises FY13 revenue view to $178M-$182M from prior $165M-$170M
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17:18 EDTZZillow reports Q1 EPS (11c), consensus (3c)
Reports Q1 revenue $39M, consensus $37.39M.
15:29 EDTZZillow May 65 straddle priced for 12% movement into Q1
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