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Invensense Inc INVN Stock News

InvenSense Inc (NYSE: INVN)

InvenSense was off to a relatively rough start to the day today, and for good reason. The CEO of the company offloaded a good chunk of shares just before earnings. Nonetheless, minutes go, the stock spiked in a big way before the shares were halted. Below, we’ll talk about what we’re seeing from the stock, why, and what we can expect to see ahead.

INVN Spikes Big

As mentioned above, InvenSense was off to a rough start to the day today, and for good reason. The CEO offloaded a good chunk of shares ahead of earnings, insinuating that the report isn’t going to be positive. Nonetheless, minutes ago, the stock climbed in a big way before shares were halted. At the moment (3:21), INVN is trading at $7.47 per share after a gain of $0.60 per share, or 8.73%.

Why The Stock Is Climbing

As always, when we noticed the spike in value, the CNA Finance team went digging for a reason for the movement. Unfortunately, we haven’t been able to dig up anything just yet. There is one story going around, and it may be an acquisition.

Earlier in the day, INVN announced that it is exploring strategic alternatives. While this news didn’t cause much movement when it broke, it seems as though investors are starting to take note. One of the strategic alternatives that investors are often looking for is the prospect of an acquisition.

What We Can Expect To See Ahead

In the case of InvenSense, we’re talking about a stock that’s tough to call at the moment. Strategic alternatives are great. However, with the CEO selling a big chunk of shares just before earnings, I have to speculate that earnings won’t be positive. Nonetheless, we’ll be watching the story closely as it unfolds and suggest that you do the same.

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Michael Kors Holdings KORS Stock News

Michael Kors Holding Ltd (NYSE: KORS)

Michael Kors was off to a relatively normal day in the market today. However, minutes ago, the stock started soaring. Below, we’ll talk about what we’re seeing from the stock, why, and what we can expect to see from KORS ahead.

What We’re Seeing From KORS

As mentioned above, Michael Kors Holdings stock was off to a relatively normal start to the trading session. While the stock was in the green, it wasn’t anything to write home about. Nonetheless, that all changed minutes ago as the stock started to skyrocket. Currently (2:50), KORS is trading at $50.59 per share after a gain of $2.42 per share (5.02%) thus far today.

Why The Gains Are Happening

As soon as the gains started, the CNA Finance team started digging for the reason. Through the digging, we found no fundamental news released by the company or even surrounding the company. However, we did note that just a few sessions ago, KORS was climbing on acquisition rumors.

Earlier today, it was noted that Coach was planning a big acquisition. They could end up paying $20 billion for the acquisition of another luxury goods company. While Michael Kors Holdings was not mentioned in the news, we believe that the gains are the result of investors becoming excited about the possibility of an acquisition again.

What We Can Expect To See Ahead

Moving forward, I maintain a relatively bullish opinion with regard to what we can expect to see from KORS. The company has done an incredible job building its brand and demanding top dollar for great products. If an acquisition were to happen, it would be great for the stock. However, regardless of the possibility of an acquisition, KORS is likely to see gains in the long run.

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Barrick Gold Corp ABX Stock News

Barrick Gold Corp. (NYSE: ABX)

Barrick Gold was off to a relatively normal start in the market today. However, that is changing quickly. Less than 10 minutes ago, a high momentum spike started on the stock, pulling it out of the red and pushing it into the green. Today, we’ll talk about what we’re seeing from the stock, why, and what we can expect to see from ABX ahead.

What We’re Seeing From ABX

As mentioned above, Barrick Gold was starting the day off in a relatively normal way. The stock was up in the morning, down in the afternoon. However, we started to see a big spike in the value of the stock just minutes ago. Currently (1:16), ABX is trading at $16.95 per share after a gain of $0.10 per share or 0.59% thus far today.

Why We’re Seeing The Gains

The reason for the gains is relatively simple. Minutes ago, a letter started to circulate coming from James Comey, the Director of the FBI. In the letter, Comey explained that he is looking further into Hillary Clinton’s email scandal. The idea is that the FBI may pursue charges.

As a result, we’re seeing big declines in the market, with the Dow falling 100 points in about 15 minutes. Because ABX focuses on gold, and gold is a safe haven investment, this is great news for the stock.

What We Can Expect To See Ahead

Moving forward, my opinion with regard to ABX is becoming more and more bullish. With James Comey re-opening investigations into Clinton, we now have the first Presidential candidate that is under federal investigation. This will likely lead to big concerns with regard to the economy and the market. Ultimately leading to bigger gains for Barrick Gold stock.

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Dean Foods DF Stock News

Dean Foods Co (NYSE: DF)

Dean Foods was off to a relatively normal start in the trading session today. However, that has changed, and it changed quickly. Minutes ago, the CNA Finance team noticed a spike on the stock, and we believe we’ve found the reason. Today, we’ll talk about what we’re seeing from the stock, why, and what we can expect to see from DF ahead.

DF Gains Big

As mentioned above, Dean Foods was off to a relatively normal start to the day. While it was seeing gains, those gains were well below 1%. However, that changed quickly. In fact, just minutes ago, this stock decided to spike higher. Currently (11:48), DF is trading at $17.56 per share after a gain of $0.86 per share or 5.15%.

Why Is The Stock Gaining

As soon as the spike started, the CNA Finance team started searching for clues as to why it was happening. It didn’t take long to come up with the reason. A recent Bloomberg report suggests that there may be strong backing for a DF takeover. And we all know that nothing seems to excite investors quite as much as hopes of an acquisition.

What We Can Expect To See Ahead

At the moment, it’s important to remember that the rumors with regard to a possible acquisition are just that. While there seems to be stronger backing for a Dean Foods takeover, that doesn’t mean that the takeover is going to happen. Nonetheless, get ready for a strong day as DF investors are in a frenzy. Moving forward, it’s going to be important to watch this story unfold. After all, this news could really move the needle for DF ahead.

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Netflix NFLX Stock News

Netflix, Inc. (NASDAQ: NFLX)

Netflix is having a strong day in the market today, and it seems as though the day is getting stronger with recent spikes. After a quick search through the web, we believe that we’ve found the reason. Today, we’ll talk about what we’re seeing from the stock, why it’s gaining, and what we can expect to see from NFLX ahead.

What We’re Seeing From NFLX

As mentioned above, Netflix was off to a relatively strong start to the day already. However, minutes ago, the stock started to spike higher. At the moment (11:36), NFLX is trading at $1.94 per share after a gain of 1.53% thus far today.

Why Is The Stock Gaining

When we noticed that NFLX was spiking, the CNA Finance team did some digging to see if we could dig up any news. While the company hasn’t released anything fundamental that would lead to such strong gains, we believe we’ve found the culprit.

On social media, we’re seeing quite a bit of chatter surrounding a possible takeover. At the moment, this chatter is overwhelmingly vague. There is no news as to who might be the buyer, how much they’re willing to pay, or anything else. All we’re seeing is excitement surrounding the concept of a Netflix takeover.

What’s Next?

Moving forward, I have an overwhelmingly bullish opinion of what we can expect to see from NFLX, regardless of the takeover. Don’t get me wrong, if a takeover happens, it will be great. Not to mention, there are plenty of companies like Disney, Amazon, and others that would benefit from such a move.

However, my view on NFLX goes far beyond that. The company is seeing stronger than expected user growth, and that’s always a good thing. With recent moves the company has made, I’m expecting for this to continue. Therefore, I’m expecting to see gains on Netflix ahead!

Update – The acquisition rumors are getting deeper. According to updates, Disney is the buyer and the price is $145 per share. Rumor yet to be confirmed.

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Honeywell International HON Stock News

Honeywell International Inc. (NYSE: HON)

Honeywell International is having a relatively strong day in the market today, and for good reason. It was announced that the company has increased its dividend. Today, we’ll talk about what we’re seeing from the stock, why, and what we can expect to see from HON moving forward.

What We’re Seeing From HON

As mentioned above, Honeywell International is having a relatively strong day in the market. The gains come after the company announced that it would be increasing shareholder dividends. Currently (11:01), HON is trading at $109.97 per share after a gain of $1.14 per share or 1.05% thus far today.

Why The Gains Are Happening

The gains that we’re seeing on HON today are happening for a very good reason. Early this morning, the company announced that it is increasing dividends. In the past, dividends came in at $2.38 per share. However, Honeywell International announced today that it is increasing dividends by around 12%. Future dividends will be paid at a rate of $2.66 per share.

What We Can Expect To See Moving Forward

Moving forward, I have an overwhelmingly bullish opinion of what we can expect to see from HON stock. At the end of the day, we’re talking about a massive company that has done an incredible job building its brand. Now, with increasing dividends, there’s even more reason to invest. All in all, I’m expecting to see gains from HON ahead.

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Marvell Technology Group MRVL Stock News

Marvell Technology Group Ltd. (NASDAQ: MRVL)

Marvell was off to a relatively strong start in the market this morning before correcting in early morning hours. Nonetheless, minutes ago, we started to see a new spike in the stock. After digging a bit, we found the reason. Below, we’ll talk about what we’re seeing from the stock, why, and what we can expect to see from MRVL ahead.

MRVL Is Having A Strong Day

As mentioned above, Marvell Technology Group started the day off strong in the market before an early morning correction that brought the stock back down to nearly break-even. Nonetheless, we started to see a high momentum spike upward just minutes ago. At the moment (10:25), the MRVL is trading at $13.28 per share after a gain of $0.16 per share or 1.20% thus far today.

Why The Gains Are Happening

As soon as we saw the spike on MRVL, the CNA Finance team started digging for a cause, and this one definitely has a valid cause. According to reports, Marvell Technology has received a takeover offer from Broadcom. If these reports are correct, Broadcom is willing to pay $8.3 billion in order to acquire the company; which would represent a strong premium.

What We Can Expect To See Ahead

Moving forward, I’m expecting to see more gains throughout the day as investors cheer the concept of an acquisition. However, it’s important to remember that at this point, MRVL hasn’t accepted the offer and could refuse it. So, keep an eye on the story as it unfolds for clues with regard to what’s likely coming next for MRVL shareholders.

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Aerie Pharmaceuticals Inc AERI Stock News

Aerie Pharmaceuticals Inc (NASDAQ: AERI)

Aerie Pharmaceuticals had a rough day in the market today, struggling to stay anywhere near the green line. And, in after-hours trading, things have gone from bad to worse for the stock as it started spiking down minutes ago. Today, we’ll talk about the decline, why it’s happening, and what we can expect to see from AERI stock ahead.

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What We’re Seeing From AERI

As mentioned above, Aerie Pharmaceuticals wasn’t having the best day in the market to begin with. After struggling throughout the day, the stock closed at $33.28 per share after a loss of $0.84 per share, or 2.46%. However, the real story is what we’re seeing in after hours. Minutes ago, the stock started tumbling. At the moment, AERI is trading at $30.13 per share after a loss of $3.15 per share (9.47%) in after-hours trading thus far.

Why The Stock Is Falling

When the CNA Finance team noticed the spike downward, we started looking for the information that caused the fall. With a quick search, it wasn’t hard to find at all. Unfortunately AERI announced that it has pulled the Rhopressa New Drug Application (NDA). The reason the company gave was relatively simple. They said that third party manufacturing wasn’t ready for the pre-approval inspection.

Along with the news that the NDA had been pulled, Aerie Pharmaceuticals gave an estimate of when it would be ready to resubmit. The company is expecting to resubmit the NDA to the United States Food and Drug Administration in January.

What We Can Expect To See Ahead

In the short run, this is overwhelmingly negative news for AERI. For the company to have to pull the New Drug Application because the ducks weren’t quite lined up right is concerning. At least, that’s the case for the short and mid term.

However, it’s important to remember that the treatment NDA wasn’t pulled for lack of efficacy or safety issues. The problem is a third party. As a result, the chances of approval are largely the same. This simply means that AERI investors are going to have to wait.

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Anadarko Petroleum Corporation APC Stock News

Anadarko Petroleum Corporation (NYSE: APC) | Blackstone Group LP (NYSE: BX)

Anadarko Petroleum was having a normal day throughout most of the trading session today. However, minutes ago, the stock started spiking in a big way. After a quick search, we believe we’ve found the reason. Below, we’ll talk about what we’re seeing from the stock, why, and what we can expect to see from APC ahead.

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What We’re Seeing From APC

As mentioned above, Anadarko Petroleum Corporation was having a normal day in the market through most of the trading session. However, minutes ago, the stock started climbing in a big way. Currently (3:21), APC is trading at $61.88 per share after a gain of $0.98 per share (1.61%) thus far today.

Why The Stock Is Headed Up

When we saw the spike in value, the CNA Finance team started digging to see why it was happening. After a short search, we found something good. According to recent reports, BX is in talks with regard to acquiring the South Texas assets owned by APC.

This could be a very big deal. It could mean that Blackstone would be handing over between $3 billion and $3.5 billion to acquire the assets. According to the rumor, BX is partnering with Sanchez Energy (SN) for the acquisition of APC. So, if that part is there, the capital is definitely available.

What We Can Expect To See Ahead

While the rumors suggest that a deal may be coming down the line in as little as a few weeks, it’s important that we keep in mind that this is just a rumor at this point. There has been no confirmation from Anadarko Petroleum, Blackstone, or Sanchez. With that said, I’m expecting to see continued gains in the short term as excitement continues to move the needle.

However, the mid-term view on APC will largely depend on how the deal evolves. So, keep an eye on a possible deal between BX, SN, and APC when trading ahead, as this will largely dictate movement.

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Sarepta Therapeutics Inc SRPT Stock News

Sarepta Therapeutics Inc (NASDAQ: SRPT)

Sarepta Therapeutics was having an incredibly rough day in the market today. In fact, just minutes ago, the stock was trading down nearly 9%. However, over the past few minutes, the CNA Finance team has noticed a spike, and we found what caused it. Below, we’ll talk about what we’re seeing from the stock, why it’s happening, and what we can expect to see from SRPT ahead.

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SRPT Is Coming Back From The Dead

As mentioned above, Sarepta Therapeutics was being punished in early trading hours, and, really, throughout the day. In fact, less than 15 minutes ago, the stock was nearing 9% losses. However, it seems to be coming back from the dead now on some relatively big news (we’ll talk about the news later). Currently (2:07), SRPT is trading at $41.05 per share after a loss of $3.49 per share (7.84%) thus far today. However, given the strength of the spike that’s happening right now, it may make it back to the green.

Why The Stock Is Climbing

When we saw the spike in value, we immediately started looking for the reason, and it didn’t take long to find it. The reason that SRPT is seeing the upward movement at the moment is an update from Aetna. The provider has added Exondys 51 to its coverage list. According to the release, coverage will become effective as of November 1st.

What We Can Expect To See Moving Forward

Moving forward, I have a relatively bullish opinion of what we can expect to see from Sarepta Therapeutics. At the end of the day, the company has done some great work with Exondys. As CNA Finance Chief Strategic Analyst Kenny Soulstring points out, there are some issues, and they are big. However, recently, we learned that Humana added the treatment to its coverage list and now Aetna follows. That’s a huge milestone when it comes to validating the idea of finalized approval of Exondys 51. All in all, I’m expecting to see gains ahead.

UPDATE: SRPT is heading back down as it was uncovered that the Aetna document was a pending document from 10/21/2016. We will continue to follow the story to bring you updates.

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Thought Leader Discussions

Gevo, Inc. GEVO Stock News

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Gevo, Inc. (NASDAQ: GEVO) Before we get into this interview, I'd like to extend a special thanks to my friend Joey who both set up the...