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Financial News from Barrons.com

  • Insiders at Herbalife threw their hats into the ring of the media circus surrounding the multi-level marketing firm. Three Herbalife top executives bought 30,700 shares for $1,709,467, an average of $55.68 ...

  • LinkedIn (LNKD:NYSE) By Pacific Crest Securities ($180.64, July 31, 2014) We are raising our LinkedIn revenue and earnings-per-share estimates to $2.20 billion and $1.90, respectively, for 2014 and $2.95 billion and $2.95, respectively, for 2015. Our price target on LinkedIn (LNKD) goes to $250 (which is roughly 30 times …

  • S&P: Pessimism Around 3D Systems Overdone @ Barrons.com - 8 hours ago

    There has been no shortage of bad news for 3D Systems (DDD). Three separate analysts downgraded the stock today, on the heels of another downgrade Thursday, prompted by a disappointing second quarter. ...

  • Apple Up On E-Book Ruling @ Barrons.com - 8 hours ago

    Apple (AAPL) was rising 0.9% at recent check following news that it won preliminary approval of its $450 million e-book settlement. As Bloomberg reports,  a judge gave approval to the settlement, which ...

  • More than $1B Just Exited Junk-Bond ETFs @ Barrons.com - 8 hours ago

    Junk bonds: Turns out investors occasionally treat them like their name. Investors pulled $579 million from U.S. junk-bond ETFs on Thursday alone and more than $1 billion on the week, according to Bloomberg's ...

  • Scientific Games Nabs a One-Armed Bandit @ Barrons.com - 9 hours ago

    Scientific Games (SGMS) is placing a big bet on Bally Technologies (BYI). Scientific Games will take on $1.8 billion of Bally's debt. Scientific Games said it expects the deal to immediately benefit the company's per-share earnings and cash flow and help reduce the company's leverage over the next three to four years. …

  • [$$] Alcatel-Lucent Losing Out @ Barrons.com - 9 hours ago

    MKM Partners Alcatel-Lucent's second-quarter revenue was in line, but earnings per share fell short due to restructuring and financing expenses. Alcatel-Lucent (ALU) continued to execute on its Shift Plan by completing a 2 billion euro debt re-profiling, increasing fixed-cost savings and announcing plans for a first-half …

  • SunPower's Gloomy Outlook Splits Analysts @ Barrons.com - 10 hours ago

    Shares of SunPower (SPWR) are trading down nearly 6% in Friday afternoon trading following the company's light guidance, which overshadowed its better-than-expected second quarter and is weighing on other names in the sector. Brean Capital, which downgraded the stock to Hold earlier in the month, boosted its rating to …

  • The lovefest for Tesla Motors (TSLA) continued the day after the electric car company posted quarterly earnings that beat expectations and announced a deal with Panasonic (PCRFY) to build the world's largest battery factory in the U.S. At $234, the stock jumped $10.86 a share, or 4.8% in afternoon market action. In a recent …

  • P&G's New Plan: Keep It Simple Stupid @ Barrons.com - 12 hours ago

    What is Procter & Gamble (PG) throwing out? In short, the maker of Tide detergent, Pampers diapers and Olay skin creams wants to catch up to its faster growing rivals. P&G plans to keep 70 to 80 brands and jettison the rest.

  • There's no shortage of color on Expedia's (EXPE) better-than-expected second-quarter results. Raymond James' Aaron Kessler upgraded the stock to Outperform from Market Perform, establishing a $100 price target. His four main reasons for the move: "1) Expedia continues to experience solid room night growth (~23% normalized …

  • Chevron (CVX) shares fell Friday morning despite reporting better than expected per share earnings because revenue fell short of forecasts and crude oil productions slipped. Chevron fell 0.9% to $128.13, outpacing the drop by the Dow. As the Wall Street Journal reports: Chevron--the second-biggest U.S. oil company …

  • Credit Suisse We believe the emerging immuno-oncology patent portfolio is underappreciated by investors. With investors heavily focused on the immuno-oncology space, we are surprised by the lack of attention ...

  • Make That Three Downgrades For 3D @ Barrons.com - 14 hours ago

    3D Systems (DDD) garnered downgrades from both Citigroup and RBC Capital Markets today, and add Piper Jaffray to the list of cautious analysts. Troy Jensen and Matthew Lebo cut their rating from Overweight to Neutral and their target price from $63 to $50.

  • U.S. Equities Pare Loses on Weak Jobs Report @ Barrons.com - 14 hours ago

    The Labor Department said Friday that U.S. employers added 209,000 jobs in July, and the unemployment rate moved up to 6.2% last month from 6.1% in June. Economists had expected an increase of 230,000 jobs and the unemployment rate to stay unchanged. The Dow Jones Industrial Average fell five points to 16,558, after earlier …

  • Here are some things going on today in your world of tech: LinkedIn (LNKD) is up more than 10%, continuing its after-hours jump on better-than-expected earnings and guidance. Also moving up is Expedia ...

  • Gold Price Goes 'Haven' Again Friday @ Barrons.com - 14 hours ago

    "Everyone got wet": That's how Nicholas Colas of ConvergEx Group describes Thursday's trading in the gold market, where the metal sold off amid a slump in stock prices. While there was no single reason for yesterday's selloff, the notion is never far off that the Federal Reserve must get stingier -- that this week's pretty …

  • Two Downgrades For 3D @ Barrons.com - 14 hours ago

    A number of analysts are still digesting 3D Systems' (DDD) disappointing second-quarter report, and two cut the stock to Hold, following on the heels of FBR's downgrade yesterday. Citigroup's Kenneth Wong ...

  • The Macau government published the casino industry's gross gaming revenue today. In July, Macau collected 28.4 gross gaming revenue, or an equivalent of 917 million daily table win, down 3.6% from a year ...

  • Emerging Asia: Taiwan Beat Korea In Earnings @ Barrons.com - 16 hours ago

    In the last week, the 12-month forward P/E for MSCI Asia Pacific ex-Japan rose further to 12.6 times, the highest level since January 2011, data provided by Nomura Securities show. This multiple is in ...

  • Morgan Stanley has a "focus list" of 10 of its high-conviction stocks in Latin America and the bank just rebalanced its list, adding Mexico's real estate developer Fibra Danhos and removing Brazil's ...

  • Micron Technology (MU) was down 6.1%. Taiwan Semiconductor Manufacturing Co. (TSM) dropped 3.5%. MediaTek (2454.TW) is one, according to Bernstein Research.  MediaTek (2454.TW) reported solid second-quarter earnings, gaining 5.9% in Taiwan today, recovering most of yesterday's 6.6% slump. MediaTek's second-quarter earnings …

  • [$$] Silicon Image Looks Sharp @ Barrons.com - 18 hours ago

    Silicon Image (SIMG:Nasdaq) By Needham & Co. ($4.84, July 31, 2014) We are upgrading Silicon Image to Buy from Hold and introducing a $6 price target as we feel the Samsung inventory correction is mostly in the rearview mirror, and we see a compelling story with its 60-gigahertz pipeline. While Silicon Image (SIMG) saw …

  • For the week ending July 30, emerging markets dedicated equity funds saw an inflow of $5.3 billion, the highest weekly number since January 2013. Emerging markets dedicated bond funds saw an inflow of ...

  • Emerging markets followed U.S. overnight and traded sharply lower today. China: The official manufacturing purchasing managers' index rose to 51.7 in July from 51 in June, marking a 27-month high and above ...

  • Exploring Coke's Woes, the Internet's Diversity @ Barrons.com - Thu, Jul 31, 2014 6:56 PM EDT

    Things went better with Coke on Thursday, at least relative to other stocks. Unfortunately for Coca-Cola (KO) investors, this classic defensive stock has rarely outperformed the broader market during the past year. In a story titled "Coke Confronts Its Big Fat Problem," writer Claire Suddath reports that sales of Coca-Cola's …

  • LinkedIn Jumps On Q2 Beat, Strong Guidance @ Barrons.com - Thu, Jul 31, 2014 4:30 PM EDT

    LinkedIn (LNKD) was climbing after reporting a better-than-expected second quarter. For the third quarter it expects earnings per share of 44 cents on revenue between $543 million and $547 million.

  • [$$] Four Gas Stocks Exposed to Bloated Supply @ Barrons.com - Thu, Jul 31, 2014 4:28 PM EDT

    Imperial Capital We are marking to market gas prices for our four covered equities with exposure to Appalachian gas. The companies are: Carrizo Oil & Gas (CRZO); In the past month, we witnessed a decrease in the front month Nymex to $3.78 per million British thermal units (mmbtu) from $4.44 on July 1. This decrease, …

  • SunPower Reports Q2 Beat, Falls On Light Guidance @ Barrons.com - Thu, Jul 31, 2014 4:21 PM EDT

    SunPower (SPWR) was tumbling despite a second quarter beat, as guidance didn't satisfy investors. In late April, SunPower rose after reporting better-than-expected first-quarter results, as EPS more than doubled year over year, and upbeat guidance. By contrast, shares fell in February when its full-year forecast overshadowed …

  • Tesla Rises On Q2 EPS, Revenue Beat; Predicts 35k Deliveries For Year @ Barrons.com - Thu, Jul 31, 2014 4:16 PM EDT

    Tesla (TSLA) is rising after reporting an upbeat second quarter. The electric car maker said it earned 11 cents a share on revenue of $857 million. By comparison, analysts were expecting a four-cent per-share ...

  • GoPro Tumbles Despite Q2 Beat @ Barrons.com - Thu, Jul 31, 2014 4:10 PM EDT

    GoPro (GPRO) shares were down almost 10% after reporting The company earned 8 cents a share, a penny ahead of consensus, while revenue of $244.6 million was also above the $238 million analysts were expecting. ...

  • The Dow Jones Industrial Average just closed out July with a loss of 317 points, or 1.9%. It was the Dow's biggest single-day selloff since February. Stronger data certainly could give investors pause over the pace of Federal Reserve policy changes. Maybe it's just time for a selloff, a consolidation, a correction, whatever …

  • Expedia Moves Up After Q2 EPS, Revenue Beat @ Barrons.com - Thu, Jul 31, 2014 4:06 PM EDT

    Expedia (EXPE) was on the rise after an upbeat second quarter. The online travel firm reported earnings of $1.03 a share, well above the 75 cents analysts were expecting. Revenue of $1.49 billion edged ...

  • WWE Shares Rise on Earnings Beat; Announced Job Cuts @ Barrons.com - Thu, Jul 31, 2014 4:03 PM EDT

    World Wrestling Entertainment (WWE) reported a smaller than expected loss for the second quarter and cut a deal with Rogers Media, to be the exclusive distribution partner of all WWE pay-per-view events throughout Canada. World Wrestling plans to get its WWE Network to 1.4 million subscribers;

  • Is Avon's Makeover Finally Gaining Traction? @ Barrons.com - Thu, Jul 31, 2014 3:36 PM EDT

    On a day when major stock indices are all in the red, Avon (AVP) is up slightly in late afternoon market action, climbing 0.85% to $13.10 after earlier gaining as much as 8.3% to above $14 a share. With AVP shares so weak heading into earnings, we think today's results fall into anti-disaster territory.

  • At Lululemon, the Analyst Love Fest Continues @ Barrons.com - Thu, Jul 31, 2014 3:25 PM EDT

    My colleague Grace Williams penned this post on Lululemon Althetica On Tuesday, we recapped a note tackling the possibility of a LBO at Lululemon Athletica (LULU).  Yesterday after market close, another note came our way, adding to prior theories we've had about how analysts continue to love the maker of elite yoga and …

  • Apache: Ask and You Shall Receive @ Barrons.com - Thu, Jul 31, 2014 3:23 PM EDT

    Citigroup's Robert Morris explains: While no further detail was provided, Apache stated that it plans to completely exit the Wheatstone and Kitimat LNG projects. We believe it will receive very little, if any, value for Kitimat while the merits of selling Wheatstone will depend on the price received given that this project …

  • T-Mobile Up After Resuming Trading Following Iliad Offer; Sprint Falls @ Barrons.com - Thu, Jul 31, 2014 3:12 PM EDT

    T-Mobile (TMUS) is up nearly 7% after resuming trading about a half hour ago. Just after 2:30 the company was halted after it confirmed that it received a proposal from France's Iliad. Iliad bid $15 billion ...

  • Bernstein Cuts Qualcomm To Hold As China Headwinds Cloud Future @ Barrons.com - Thu, Jul 31, 2014 2:59 PM EDT

    Longtime bull Bernstein's Stacy Rasgon downgraded Qualcomm (QCOM) late Wednesday, cutting his rating from Outperform to market perform and shaving $5 off his target price, to $80. He writes that while the company still has solid exposure to the growing 3G/4G device market through a profitable licensing business the growth …

  • FBR Cuts 3D Systems To Hold; Others See Hope @ Barrons.com - Thu, Jul 31, 2014 2:56 PM EDT

    Analysts reactions to 3D Systems' (DDD) disappointing quarter are beginning to trickle in. FBR Capital Markets' Ajay Kejriwal downgraded the stock on the news, cutting his rating from Outperform to Market Perform and dramatically reducing his target price from $83 to $48. Kejriwal writes that he was dismayed to see organic …

  • Small Caps Plunge; Russell 2000 falls 1.7% @ Barrons.com - Thu, Jul 31, 2014 2:20 PM EDT

    Blue Chips and big-cap stock indices aren't the only ones getting their heads handed to them today. Small cap stocks are getting trounced. In fact, the benchmark Russell 2000 index has fallen 20 points, ...

  • Investors Say Nyet to Nike @ Barrons.com - Thu, Jul 31, 2014 1:56 PM EDT

    Worries about Russia have taken a toll on Nike (NKE). Nike shares fell 2.8% to $77.34, on a day when the Dow dropped 1.3%. Adidas is being hit by many issues, including currency woes, weakening golf-equipment sales, and the cost of its World Cup marketing. Sterne Agee analyst, Sam Poser cautions against imposing Adidas' …

  • Tesla's Gigagreement: Will Groundbreaking Overshadow Funding? @ Barrons.com - Thu, Jul 31, 2014 1:38 PM EDT

    Tesla Motors (TSLA) and Panasonic confirmed what had only been conjectured: They've reached an agreement on the gigafactory. The Wall Street Journal reports on the agreement between Tesla and Panasonic: Panasonic Corp. committed to help electric car maker Tesla Motors Inc. build its U.S. battery plant, but part of the …

  • Beazer Bulldozed By Weak Earnings @ Barrons.com - Thu, Jul 31, 2014 1:28 PM EDT

    Home owners are having a rough time of it. Earlier this week, weak housing data and a downgrade of D.R. Horton (DHI) on the heels of a weak earnings report sent the industry reeling. Today, Beazer Homes ...

  • [$$] Truck Maker Oshkosh Has at Least 20% Upside @ Barrons.com - Thu, Jul 31, 2014 12:58 PM EDT

    Specialty truck maker Oshkosh posted disappointing earnings this past week on a plunge in military orders. Oshkosh (OSK) is now one of the cheapest stocks in the heavy equipment group, and rising construction activity looks likely to fuel orders for aerial work platforms, its biggest profit contributor. Shares are priced …

  • Volatility Index Hits Three-Month High @ Barrons.com - Thu, Jul 31, 2014 12:53 PM EDT

    Volatility, rising? The CBOE Volatility Index is ahead by 22% on the session as of mid-Thursday. MKM Partners' derivatives strategist Jim Strugger asks clients this afternoon: "Is This the One?" By which he means, is this the selloff investors have been fearing? His suggestion is yes, but perhaps not an especially big …

  • Dow Drops 225 Points To Threaten Winning Streak @ Barrons.com - Thu, Jul 31, 2014 12:45 PM EDT

    OMG! Stocks continue to get blasted with the Dow now down more than 200 points as investors panic in response to any number of catalysts, from disappointing earnings and worries about interest rates and Fed policy to sanctions in Russia, Argentina's default and wage inflation. Exxon Mobil (XOM) fell 2.38% to weighing on …

  • [$$] Buy the Flap in Buffalo Wild Wings @ Barrons.com - Thu, Jul 31, 2014 12:28 PM EDT

    Buffalo Wild Wings (BWLD:Nasdaq) By Sterne, Agee & Leach ($145.17, July 31, 2014) We are upgrading Buffalo Wild Wings to Buy from Neutral and initiating a 12- to 18-month price target of $176. We believe there are incremental positives to the long-term story at Buffalo Wild Wings (BWLD) and believe that Wednesday's price …

  • If Stocks are Attractively Priced, Explain This Private Equity Chart @ Barrons.com - Thu, Jul 31, 2014 12:19 PM EDT

    If you believe the stock market is richly priced or, at minimum, somewhere north of fair value, much of the private-equity industry would appear to agree. From Ryan Dezember of the Wall Street Journal: Private-equity firms have all but stopped buying public companies, retreating from a cornerstone of their business as …

  • Bonds Now Higher On The Day As Stocks Suffer @ Barrons.com - Thu, Jul 31, 2014 11:56 AM EDT

    That midmorning turnaround in the bond market has accelerated into flat-out strength, as Treasury prices are now higher on the day after starting out sharply lower. The gains come as U.S. stocks are struggling after ...

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