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Stock Market & Financial Investment News

News Breaks
July 7, 2014
12:57 EDTZZillow July weekly volatility increases
Zillow July weekly put option implied volatility is at 71, August is at 62, November is at 54; compared to its 26-week average of 57 according to Track Data, suggesting large near term price movement.
News For Z From The Last 14 Days
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July 25, 2014
16:49 EDTZS&P ends week little changed amid earnings deluge
The S&P 500 finished little changed this week as mixed U.S. economic data and continued geopolitical uncertainty offset strong earnings from a number of major companies and upbeat overseas economic data. MACRO NEWS: U.S. economic data was mixed, as fewer than expected jobless claims were reported and durable goods orders for June were slightly higher than expected, but new home sales for June and a preliminary purchasing managers' index for July came in below expectations... Investors received some positive economic news from overseas, as HSBC's preliminary China purchasing managers' index for July reached an 18-month high. Meanwhile, a preliminary PMI for the euro zone for July came in at 54, versus 52.8 in June... Ongoing conflicts between Israel and Hamas and Russia and Ukraine kept investors on edge, with Friday reports indicating that no truce accord had been reached in Israel and that Russia was building up its troop presence along the Ukrainian border. COMPANY NEWS: Among the notable companies whose stocks rose after they reported quarterly results were Facebook (FB), Apple (AAPL), Allergan (AGN) and Chipotle Mexican Grill (CMG). Notable companies whose stocks sold off following their results included Netflix (NFLX), Harley-Davidson (HOG), General Motors (GM), Boeing (BA), McDonald's (MCD) and Pandora (P)... McDonald's was also hit this week by revelations that its restaurants in China had sold expired meat that was allegedly intentionally supplied by a China-based company. Yum! Brands (YUM) and a provider of products to Starbucks (SBUX) are also believed to have bought and sold expired meat from the supplier... In M&A news, Bloomberg reported that real estate website operator Zillow (Z) held talks about buying its rival, Trulia (TRLA). Both stocks surged. Shares of SodaStream (SODA) also rallied after Bloomberg reported that the company is in talks about selling itself to an investment firm that would take the beverage system maker private... On Monday, hedge fund manager Bill Ackman promised on CNBC that his presentation about Herbalife (HLF) would show why the company "is going to collapse." But the shares actually surged higher during and immediately after Ackman's presentation. Ackman has a large short position in the stock and notably alleged it is a pyramid scheme... BlackBerry's (BBRY) CEO told the Financial Times that his company was in early talks about partnering with companies to target the enterprise markets, in order to counter a recently announced partnership between Apple and IBM (IBM). INDEXES: For the week, the Dow fell 0.83% to 16,960.57, the Nasdaq rose 0.4% to 4,449.56, and the S&P was flat at 1,978.34.
16:18 EDTZOn The Fly: Closing Wrap
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11:06 EDTZZillow, Trulia continue climb after takeover talks report seen as 'credible'
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08:18 EDTZZillow, Trulia merger story viewed as credible at Deutsche Bank
Deutsche Bank views Bloomberg's report of merger talks between Zillow (Z) and Trulia (TRLA) as credible, saying the deal would make a lot of sense. The firm says Trulia shares would be worth around $63 in a takeover when using Priceline's (PCLN) acquisition of OpenTable as a comparison. Even at that price, the firm sees nearly 20% upside for Zillow's enterprise value should an acquisition occur. Deutsche notes that neither company has denied yesterday's report, nor has either company announced an earnings date. It cautions, though, that the potential merger could easily fall apart as well. It has a Buy rating on Trulia and Hold rating on Zillow.
July 24, 2014
17:05 EDTZOn The Fly: Closing Wrap
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15:51 EDTZZillow CEO said to leave meeting to head to San Francisco, CNBC reports
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15:27 EDTZZillow, Trulia deal 'rumors just ridiculous,' Citron Research says
Citron Research stated on Twitter that Zillow (Z) and Trulia (TRLA) "rumors just ridiculous Top 10 real estate websites COMBINED do not account for more than 50% of total real estate traffic." Reference Link
14:19 EDTZTrulia August volatility spikes on Zillow in talks to acquire
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14:16 EDTZZillow volatility spikes on talks to acquire Trulia, Bloomberg
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14:07 EDTZZillow in talks to acquire Trulia, Bloomberg reports
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14:03 EDTZTrulia, Zillow resume trading after volatility halts
14:00 EDTZTrulia jumps 11%, Zillow up 10% after Bloomberg report of buyout talks
13:58 EDTZTrulia could be valued as high as $2B in Zillow buyout, Bloomberg says
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13:57 EDTZZillow in talks to acquire Trulia, Bloomberg reports
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July 22, 2014
12:53 EDTZRealPage likely being presented with strategic alternatives, says Barrington
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July 18, 2014
12:48 EDTZRealPage tumbles after reporting preliminary Q2 revenue miss
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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.
07:24 EDTZSiemer & Associates to hold a summit
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