Groupon ‘Has Made Progress’ Says Stock Upgrade Report

Groupon (GRPN) stock rose Monday after the online daily deals marketplace got upgraded by RBC Capital Markets, which cited signs of operational improvement and Wall Street applying “a more reasonable valuation” to the stock. Groupon stock fell 13% to as low as 5.68 on Aug. 6 after its Q2 earnings and Q3 outlook fell below Wall Street expectations. And RBC has downgraded Groupon on Feb. 21, citing “anemic” billings growth of less than 2%

Novartis, Regeneron Hit New Highs On Cardio Drugs

Swiss pharma giant Novartis (NVS) was up nearly 4% to a new high above 93 in early trading on the stock market today after it released positive clinical-trial data on its heart-failure drug over the weekend. At least one analyst says that the drug could top $6 billion in annual sales. At the European Society of Cardiology Congress in Barcelona, Novartis presented results of a study of patients with heart failure with reduced ejection fraction,

Apple iPhone 6 Seen Boosting China’s Export Data

Apple’s (AAPL) iPhone 6 launch, expected next Tuesday, will boost China’s export growth by 1% per month for the rest of 2014, says Bank of America Merrill Lynch. The handsets are mostly manufactured in China. China’s exports already jumped 14.5% in July from July 2013. On a three-month moving average basis, China’s exports rose 9.6% in Q2. The iPhone 6′s release will boost Taiwan’s exports as well as China’s, say Bank of America economists Ting Lu