Morning Buzz: Yahoo (YHOO), China Finance Online (JRJC), Abiomed (ABMD), Apple (AAPL), Cirrus Logic (CRUS), FXCM Inc (FXCM)

Yahoo! Inc. (YHOO) shares gained 5% to $50.38 in pre-market trading Wednesday after the company reported Q4 adjusted quarterly profit of 30 cents per share, just ahead of Wall Street’s expectations of 29 cents. Revs came in roughly in line. Separately, the web portal said it will spin off its 15% stake, or 384 million shares, in Alibaba (BABA) into a separate company in a tax-free transaction. The spin-off could save $16 billion in taxes on the $40 billion stake.

Yahoo, currently valued at $45.46B, has a median Wall Street price target of $54.00 with a high target of $74.11. In the past 52 weeks, shares of Sunnyvale, California-based company have traded between a low of $32.15 and a high of $52.62 with the 50-day MA and 200-day MA located at $49.42 and $43.47 levels, respectively. Additionally, shares of YHOO trade at a P/E ratio of -6.06 and have a Relative Strength Index (RSI) and MACD indicator of 43.52 and +0.44, respectively.

YHOO currently prints a one year return of about 30.94%, and a year-to-date loss of around 5%.

Shares of China Finance Online (JRJC) gained 6.80% to $5.33 in  early trade Wednesday after the company announced the launch of securities services in Hong Kong, which enables Chinese investors to open trading accounts to trade in real-time, Hong Kong securities, including all stocks listed on Hong Kong exchanges.

“The launch of our Hong Kong securities service is an important milestone to create a one-stop platform for multiple financial products in global securities markets,” said in a statement Mr. Zhao, Chairman and CEO of the company.

On valuation measures, China Finance Online shares have a t-12 price/sales ratio of 1.19 and a most recent quarter price/book of 1.80. EPS is ($0.41). The Beijing-based company has a market cap of $109 million and a median Wall Street price target of $8.30.

Fundamentally, JRJC shows the following financial data:

· $25.34 million in cash
· $0 Total Debt
· $95.9 million total current assets
· $91.40 million t-12 total revenue

Shares of China-based integrated financial information and services provider are down 32% year-over-year, and 6.20% year-to-date.

Abiomed Inc. (ABMD) shares jumped 39% to $53.76 in early trading session Wednesday, after the medical device maker raised its full-year revenue forecast to $223-$226 million from $209-$212 million and said the FDA had approved its heart pump.

Abiomed, Inc. gained $12.87 to $51.50 in recent trading. On valuation-measures, shares of ABMD have a trailing-12 and forward P/E of 214.58 and 89.84, respectively. P/E to growth ratio is 11.23, while t-12 profit margin is 5.14%. EPS registers at $0.24. The company has a market cap of $2.08B and a median Wall Street price target of $39.00 with a high target of $45.00.

ABMD currently prints a one year return of about 45.50%, and a year-to-date return of around 1.50%.

The company’s stock closed at $38.63 on the Nasdaq on Tuesday.

Shares of Apple Inc. (AAPL) jumped nearly 8% to $117.50 in early trading after the company beat estimates by a wide margin with the biggest quarterly profit in corporate history. Apple earned $3.06 per share for its latest quarter, $0.46 above estimates. Revs came in at $74.6 billion, up 30% from last year. The mega quarter was led by record sales of iPhone 6 and iPhone 6 Plus models during the holiday season. Apple CEO Tim Cook said consumer demand for new iPhones has been “staggering” and “hard to comprehend.” Customers snapped up a record 74.5 million iPhones, up 46% from last year. Analysts were expecting 67 million to 70 million.

Cirrus Logic Inc. (CRUS) – The fabless semiconductor company is up 5% in sympathy with Apple Inc (AAPL) following the tech giant’s quarterly results that smashed Wall Street expectations.

Cirrus Logic Inc. gained $1.31 to $27.34 in morning trading today. On valuation-measures, shares of Cirrus Logic Inc. have a trailing-12 and forward P/E of 27.34 and 17.06, respectively. P/E to growth ratio is 1.75, while t-12 profit margin is 8.92%. EPS registers at $1.00. The company has a market cap of $1.73B and a median Wall Street price target of $28.00 with a high target of $30.00.

CRUS currently prints a one year return of about 32.67%, and a year-to-date return of around 11%.

Currency broker FXCM Inc (FXCM) is higher by approximately 8% this morning after the firm today announced that 90% of its clients who incurred negative balances on January 15, 2015, as a result of the Swiss National Bank’s decision to remove its peg against the euro, will be forgiven.

In a statement, the broker said “FXCM worked diligently to reach this decision and we are extremely appreciative of our clients for their patience and loyalty as we worked through this.”

FXCM recently traded at $4.62, up 2.49 percent.

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