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Stock Market & Financial Investment News

News Breaks
July 9, 2014
12:30 EDTAVAV, TCS, RAI, AA, BTI, GIMOOn The Fly: Midday Wrap
Stocks on Wall Street were moderately higher at midday, helped in part by better than expected earnings from Alcoa (AA), solid monthly numbers from the airlines sector, and a bounce from the two day losing streak that had seen the S&P lose 1% and the Nasdaq pullback by more than 2%. The market has been unable to gather any upside momentum and has moved in a narrow range throughout the morning, as investors await the release of the Fedís FOMC minutes. ECONOMIC EVENTS: The minutes from the Federal Open Market Committee meeting held June 17-18 are scheduled to be released at 2:00 pm ET. In China, the producer-price index declined 1.1% from a year earlier, compared with a consensus forecast for a 1% drop. China's consumer-price index rose 2.3%, below projections for a 2.4% gain. COMPANY NEWS: Alcoa swung to a second-quarter profit of 18c a share on an adjusted basis, beating the consensus estimate of 7c a share, as its revenue also topped expectations. The aluminum producer, whose report is widely considered to mark the start of an earnings season, said its transformation is in "high gear" and that its cost position continues to improve. The stock rose 5% near midday following its report. MAJOR MOVERS: Among the notable gainers was AeroVironment (AVAV), which develops a portfolio of products and services for unmanned aircraft and efficient energy systems. The stock rallied 14% after the company reported better than expected fourth quarter results. Also higher was Reynolds American (RAI), which rose more than 2.5% after the U.K.'s Daily Mail reported that British American Tobacco (BTI), which currently holds a 42% stake in Reynolds, is speculated to be "on the verge" of buying out the remainder of its U.S. peer that it does not already own. Among the noteworthy losers was IT infrastructure technology provider Gigamon (GIMO), which was downgraded by at least five firms and plunged 32% after the company lowered its Q2 revenue guidance, citing challenges closing deals. Also lower following its earnings reports was specialty storage and organizational product retailer The Container Store (TCS), which fell 10%. INDEXES: Near midday, the Dow was up 36.86, or 0.22%, to 16,943.48, the Nasdaq was up 18.93, or 0.43%, to 4,410.39, and the S&P 500 was up 4.59, or 0.23%, to 1,968.30.
News For AA;TCS;GIMO;RAI;AVAV;BTI From The Last 14 Days
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August 28, 2015
10:20 EDTAAAlcoa rallies with Freeport-McMoRan, materials sector
Shares are up over 5% to $9.33 at time of writing, putting it above downtrend resistance at the 10-day moving average. At that price next resistance is at $9.51. Support is at $9.19.
August 27, 2015
20:06 EDTRAIFDA issues warning letter to Reynolds American, others over tobacco packaging
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August 26, 2015
10:24 EDTAACentury Aluminum to curtail Hawesville operations due to weak prices
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August 24, 2015
09:11 EDTAVAVAeroVironment awarded contracts totaling $47.1M by U.S. Army
AeroVironment announced receipt since May 1, 2015 of ten orders from the United States Army totaling $47.1M for RQ-11B Raven and RQ-20A PumaAE unmanned aircraft systems sustainment. This total value includes seven orders awarded on July 23 totaling $35.2M.
08:23 EDTTCSContainer Store top initiatives gaining momentum, says JPMorgan
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06:17 EDTRAI, BTITobacco groups consolidate brands to maintain customers, WSJ reports
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August 21, 2015
06:25 EDTBTIBAT raises offer for Souza Cruz, Reuters reports
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August 20, 2015
10:00 EDTTCSOn The Fly: Analyst Upgrade Summary
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09:10 EDTAVAVAeroVironment receives contract from U.S. Army totaling $3.4M
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07:32 EDTTCSContainer Store upgraded to Hold from Underweight at BB&T
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August 18, 2015
09:29 EDTAAMorgan Stanley lowers Metals & Mining sector price targets by 33%
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