U.S. stock futures are down sharply in premarket trading Thursday amid a wider global market selloff as falling crude prices once again take their toll on markets.
Brent crude was down $0.57 to $30.27 per barrel while West Texas crude contracts for March delivery were down $0.98 to $26.47 per barrel.
Asian markets once again led the way down as Hong Kong's Hang Seng closed trading 3.9% lower and Japan's Nikkei fell 2.3%. The Shanghai Composite Index is closed this week in recognition of China's Lunar New Year holiday.
In Europe, France's CAC 40 was falling the hardest, down nearly 4%, while the German DAX and U.K. FTSE 100 were down 2.2% and 2.01%, respectively.
Today, Federal Reserve Chair Janet Yellen continues her testimony before Congress. Yellen began her testimony Wednesday, telling U.S. lawmakers that the central bank recognizes that there are still plenty of obstacles for the U.S. economy to overcome. She did not, however, give any solid indications on what policy tweaks the bank was prepared to make to overcome those headwinds.
The last leg of earnings season continues today. More than 75% of company's scheduled to report their quarterly results have done so already.
Showing posts with label market. Show all posts
Showing posts with label market. Show all posts
Thursday, February 11, 2016
Friday, January 22, 2016
#NEWS: $TWTR Twitter Buyout Rumors Are Bogus, But Still an Idea
The Twitter Buyout Rumors Are Bogus, But Still an Idea
I guess it's that time of year again: time to bounce around baseless Twitter TWTR buyout rumors. The latest would-be purchaser is News Corp NWS NWSA, joining the ranks of formerly-rumored buyers like Facebook FB, Alibaba BABA, and Apple AAPL).
#NEWS: Why $KMI was UP 16% & $VZ UP 4% ?
Oil prices took a big step higher today, helping push indexes up.
After spending time in negative territory this morning, stocks rallied to end the day solidly higher. The Dow Jones Industrial Average (DJINDICES:^DJI) gained 116 points, or 0.8%, and the S&P 500 (SNPINDEX:^GSPC) rose 10 points, or 0.6%.
^DJI Chart ^DJI DATA BY YCHARTS.
Why $XNPT is UP 5% #AHtrading @ $5.05 ?
XenoPort, Inc. (XNPT) Now Covered by Credit Suisse
Research analysts at Credit Suisse started coverage on shares of XenoPort, Inc. (NASDAQ:XNPT) in a research report issued to clients and investors on Tuesday, Market Beat Ratings reports. The brokerage set an "underperform" rating and a $4.00 price target on the biopharmaceutical company's stock. Credit Suisse's price target points to a potential downside of 16.49% [...]
Why $VSTM is UP 6% #AHtrading @ $1.55 ?
After today's hit of new 52-week low it is in play on the bounce after hours .
Verastem Inc. (VSTM) Hits New 52-week Low During January 20 Session
Verastem Inc. (VSTM) established a new 52-week low yesterday, and could be a company to watch at the open. After opening at $1.25, Verastem Inc. dropped to $1.24 for a new 52-week low. By the closing bell, the company's stock was at $1.45 a share for a gain of 13.28%.
$BLDP $12 ml Agreement with China #AHtrading @ $1.40 UP 13%
Ballard Signs $12 Million Agreement For Fuel Cell Stacks to Power Commercial Buses in China
VANCOUVER and BEIJING, China, Jan. 21, 2016 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) today announced that it has signed an Equipment Supply Agreement (ESA), valued at $12 million, with Guangdong Synergy Hydrogen Power Technology Co., Ltd. ("Synergy") to provide FCvelocity TM-9SSL fuel cell stacks for use in commercial buses in China.
Thursday, January 21, 2016
$VZ Q4 subscriber growth drives earnings beat #NEWS @ $45.60 UP 3%
Verizon's Q4 subscriber growth drives earnings beat
The nation's largest wireless provider reported fourth-quarter earnings that beat Wall Street expectations.
$SBUX Jim Cramer Is Watching Starbucks Earnings 2morrow #AfterHoursGainers @ $57.59 UP 2%
Jim Cramer Is Watching Starbucks Earnings on Thursday - Video - TheStreet
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer is keeping an eye on quarterly results from Starbucks (SBUX) released after the markets close on Thursday. Analysts expect the Seattle-based coffee giant to report fiscal first quarter earnings per share of $0.45 on sales of almost $5.4 billion.
#NEWS: $NFLX think producing series with YouTube talent
Netflix Just Poached Talent From YouTube -- The Motley Fool
A few months ago, YouTube launched a new subscription service called YouTube Red. The service combines a full-fledged music-streaming service with a commercial-free YouTube experience. In order to entice users to sign up, the Google subsidiary announced that it's going to start producing original movies and series starring its most popular creators such as PewdiePie and Lilly Singh.
NEWS: $TWTR Jumps On Buyout Rumors
Twitter Jumps On Buyout Rumors, But Tech Stocks Slump
As other tech stocks tumbled, Twitter (NYSE:) stock rose in both regular trading and after hours Wednesday, as rumors swirled about unconfirmed reports that media conglomerate News Corporation (NASDAQ:) is interested in taking an ownership stake in the social media site or buying the portal outright.
Wednesday, January 20, 2016
$ZFGN have to clear up the drug's clinical status before applying for regulatory approval #Realtime @ $8.80 UP 56%
Why Shares of Zafgen Skyrocketed Today -- The Motley Fool
( What: Shares of Zafgen NASDAQ:ZFGN), a small-cap anti-obesity drugmaker, gained as much as 94% today on exceptionally high volume after the company announced that its twice-weekly injected drug, beloranib, met both of its co-primary endpoints in a pivotal late-stage study.
Why $ZFGN is UP 42% #BeforeBell @ $7.99 ?
Zafgen says obesity drug succeeds in late-stage study
Zafgen Inc said its experimental obesity drug, on complete clinical hold since last month after the death of two patients, met its main goals in a late-stage study in patients with a rare genetic eating disorder.
Why $CNAT is UP 53% #BeforeBell @ $2.35 ?
Conatus Pharmaceuticals Inc (NASDAQ:CNAT) Given Consensus Recommendation of "Buy" by Analysts
Conatus Pharmaceuticals Inc (NASDAQ:CNAT) has been assigned an average rating of "Buy" from the nine research firms that are presently covering the stock, Market Beat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company.
Why $STML is UP 56% #BeforeBell @ $7.50 ?
Recently stock market analysts have updated their consensus ratings on shares of Stemline Therapeutics, Inc. (STML). The latest broker reports which are currently outstanding on Tuesday 19th January state 3 analysts have a rating of “strong buy”, 3 analysts “buy”, 0 analysts “neutral”, 0 analysts “sell” and 0 analysts “strong sell”.
Why $FCX is UP 17% #AHtrading @ $4.62 ?
Freeport-McMoRan Inc. Offers to Sell a Slice of its Crown Jewel to Raise Cash -- The Motley Fool
In another sign of how tough things are for ( Freeport-McMoRan NYSE:FCX) it has reportedly offered to sell a stake in its crown jewel Grasberg mine in Indonesia in order to bring in some much needed cash.
Tuesday, January 19, 2016
$NXTD Announces New DreamTrips Smart Card
WorldVentures Announces New DreamTrips Smart Card Developed by NXT-ID to Over 22,000 Members at Annual Conference
NXT-ID, Inc. (NASDAQ: NXTD) ("NXT-ID" or the "Company"), a company focused on the growing mobile commerce market, reports the new smart card being developed for WorldVentures Vacation Club Members was introduced to an enthusiastic audience at their annual UNITED conference, held in Jan. 15-17 th . (Photo: http://photos.prnewswire.com/prnh/20160119/323395 ) On Jan.
$SRPT shares plunged almost 55% with the FDA raising concerns | Briefing Document Raises Concerns
Sarepta Tanks, Eteplirsen Briefing Document Raises Concerns
Sarepta Therapeutics (SRPT) shares plunged 55% after the FDA raised concerns related to the Duchenne muscular dystrophy candidate, eteplirsen, in its briefing documents.
$NFLX With Netflix, subscriber numbers really add up
BY: Mike Snider | USA TODAYWith Netflix, subscriber numbers really add up
Netflix has become known for the growing library of original programming available on its subscription video service. But perhaps the Net video leader's most ongoing dramatic story is that of its stock. During 2015, Netflix provided a year-long thrill ride, soaring more than 130% to more than $114 a share, making it the S&P 500's top-performing stock.
Netflix has become known for the growing library of original programming available on its subscription video service. But perhaps the Net video leader's most ongoing dramatic story is that of its stock.
During 2015, Netflix provided a year-long thrill ride, soaring more than 130% to more than $114 a share, making it the S&P 500's top-performing stock.
Expect more drama in 2016. Already this year, Netflix rose 9% on Jan. 6 after announcing its global expansion to 190 countries. Then, shares declined 9% last week after ITG Investment Research forecasted a miss on new U.S. subscriber numbers for the quarter. ITG expects Netflix to announce 1.13 million new U.S. subscribers when it releases its fourth quarter earnings Tuesday after the market closes. That would represent a 13% miss of Netflix's own expectations of 1.3 million new paying U.S. subs during the period.
Toss in a monthly price increase that Netflix enacted in October 2015 -- two concurrent HD streams now cost $9.99, a $1 increase -- and even analysts who are bullish on the stock admit to some cautiousness. "We would note that there is likely a great deal of uncertainty around U.S. sub adds this quarter," said RBC Capital Markets analyst Mark Mahaney in a note last week. Still, he expects Netflix to hit its U.S. subscriber target and has a $140 target price on Netflix (NFLX) stock, currently at $104.04.
For the year, Netflix shares are down nearly 5%, compared to 8% for the S&P 500.
Lackluster -- or impressive -- subscriber growth can result in big share price swings for Netflix, which has more than 70 million streaming subscribers worldwide. Back in the third quarter, Netflix fell 270,000 short of its own target of adding 1.15 million U.S. streaming customers, blaming some of the shortfall on customers being issued new credit cards and debit cards with built-in chips. Shares fell more than 8% the day after those results were released.
Similarly, after second quarter 2015 subscriber numbers were about 770,000 higher than expected, stock rose 18%. Unlike with other companies in which earnings per share and revenue are much of the focus, with Netflix "it’s all about the subscriber numbers," said Christine Short, senior vice president of crowdsourced financial estimates site Estimize.
As for earnings and revenue, Wall Street expectations for Netflix are earnings of 2 cents per share and revenue of $1.827 billion, according S&P Capital IQ Consensus Estimates. Estimize's community is more optimistic, with expectations of earnings of 4 cents and revenue of $1.833 billion, Short said.
But she notes that looking only at subscriber numbers is risky, because competition in the streaming space from Amazon, Hulu and traditional providers such as CBS, HBO and Showtime could be cutting into Netflix's strength. At the Golden Globe Awards held Jan. 10, Amazon's own original series Mozart of the Jungle came away with the only awards (two) won by streaming services, even though Netflix had more nominations (nine).
"Netflix has clearly proven they can produce great content," Short said. But Amazon's rise "is somewhat worrisome for Netflix," she said, "as streaming is only a small part of the Amazon business model ... yet they are still able to take a bite out of Netflix’s bread and butter business."
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