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Stock Market & Financial Investment News

News Breaks
January 28, 2014
09:22 EDTCRUS, STX, OSK, DD, AAPL, MLM, PII, RCII, DHI, CMCSA, TXI, GLW, CTIC, CLF, FOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Ford (F), up 1.7%... Pfizer (PFE), up 1.8%... D.R. Horton (DHI), up 3.6%... DuPont (DD), up 1%... AK Steel (AKS), up 6.3%... Oshkosh (OSK), up 6.7%... ALSO HIGHER: Comcast (CMCSA), up 2.4% after earnings report, boosting share buyback program and dividend... Cliffs Natural (CLF), up 13% after Casablanca Capital urges company to spin off international assets, Cliffs responds that it "welcomes communications" with all shareholders, including Casablanca... Texas Industries (TXI), up 2.6% after agreeing to combine with Martin Marietta Materials (MLM) in $2.7B transaction... Cell Therapeutics (CTIC), up 5.7% after announcing the National Cancer Institute's Gynecologic Oncology Group completed enrollment in a Phase 3 trial of paclitaxel poliglumex... Sanmina (SANM), up 12.8% after earnings report, upgrades at Needham and at Raymond James. DOWN AFTER EARNINGS: Apple (AAPL), down 7.3%... Corning (GLW), down 7.6%... Rent-A-Center (RCII), down 16%... Seagate (STX), down 5.7%... Polaris Industries (PII), down 7%... ALSO LOWER: Cirrus Logic (CRUS), down 5.7% after Apple's disappointing guidance.
News For AAPL;F;CMCSA;DD;CLF;DHI;OSK;CTIC;RCII;STX;GLW;PII;CRUS;TXI;MLM From The Last 14 Days
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August 24, 2015
06:22 EDTAAPLTSMC pursuing 16nm chip orders, DigiTimes reports
According to market sources, DigiTimes reports that TSMC (TSM) has been "actively" seeking 16nm FinFET chip orders. In addition to securing a portion of Apple's (AAPL) A9 chip orders, TSMC has also received orders from AMD (AMD), Broadcom (BRCM), LG, Nvidia (NVDA) and Avago (AVGO), the sources say, noting that TSMC failed to maintain orders for Qualcomm's (QCOM) flagship mobile chips, as it has placed orders for the Snapdragon 820 series with Samsung (SSNLF). Reference Link
06:18 EDTAAPLApple announces repair program for blurry iPhone 6 Plus cameras
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05:45 EDTAAPLStocks with implied volatility movement; AAPL EFA
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August 23, 2015
19:03 EDTAAPLApple hires Tesla engineer for 'special projects' division
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16:22 EDTCMCSA'Straight Outta Compton' finds little contention for No. 1 box office spot
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14:23 EDTAAPLApple, Micron shares look like bargains, Barron's says
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August 21, 2015
16:34 EDTSTXMarket enters correction territory in worst week in four years
For the week, stocks plummeted amid concerns about a slowing Chinese economy and declining oil prices. MACRO NEWS: Monday, the Empire State manufacturing index crashed to -14.92 in August after rebounding to 3.86 in July from June's -1.98. The consensus estimate was 4.75, and the surprising drop puts the index at its lowest point since April 2009... Meanwhile, the NAHB homebuilder sentiment index rose to 61 in August from 60 in June, matching consensus estimates... Tuesday, July housing starts edged up 0.2% to 1.206M, beating consensus estimates for 1.180M in the best reading since October 2007. Building permits, however, fell 16.3% to 1.119M against expectations for 1.230M, while single family starts rose 12.8% and multifamily numbers fell 17.0%... Wednesday, the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%... Meanwhile, FOMC minutes showed no definitive indication of a September rate hike... Thursday, initial jobless claims rose to 277,000 from a revised 273,000, bringing the 4-week moving average to 271,500... The Philadelphia Fed index rose 2.6 points to 8.3 in August, beating expectations for a 7.5 reading... Friday, the PMI Manufacturing Index Flash for August came in at a level of 52.9, below the prior level of 53.8 and the consensus level of 54.2. COMPANY NEWS: Monday, Liberty Interactive (QVCA) announced an agreement to acquire zulily (ZU) for $18.75 per share in a deal valuing the online shopping site at $2.4B. The acquisition will be attributed to Liberty's QVC tracking stock, though the companies specified that QVC and zulily will operate as separate brands... Amazon (AMZN) founder and CEO Jeff Bezos downplayed a recent New York Times critique of the company's workplace practices, telling employees in an email that "the article doesn't describe the Amazon I know or the caring Amazonians I work with every day..." Tuesday, Wal-Mart (WMT) cut its full year earnings outlook, with company executives on a subsequent conference call expressing confidence in China but noting that Brazil and U.K. remain challenging markets for the company... Wednesday, Seagate Technology (STX) agreed to acquire Dot Hill Systems (HILL) for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016... Thursday, Valeant (VRX) agreed to acquire Sprout Pharmaceuticals for roughly $1B in cash plus a profit-sharing agreement, adding that it expects to bring the company's recently-approved female sexual dysfunction drug Addyi to the U.S. by Q4... Friday, Steiner Leisure (STNR) entered into a definitive merger agreement where an affiliate of Catterton will acquire all of the outstanding shares of Steiner for $65 per share in cash. INDEXES: For the week, the Dow lost about 5.79% to close at 16,459.75, the Nasdaq declined about 6.71% to close at 4,706.04, and the S&P 500 fell about 5.73% to close at 1,970.89.
16:01 EDTAAPLOptions Update; August 21, 2015
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13:50 EDTAAPLOn The Fly: Weekly technical notes, Gold, S&P 500, Germany, China, Energy
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13:11 EDTCMCSAFly Watch: 'Straight Outta Compton' eyes second weekend at top spot
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12:49 EDTAAPLReport: Apple may be working on smart bands for Watch, Apple Insider says
Apple may be working on "smart bands" for the Apple Watch product in order to add more health tracking functions, reports Apple Insider, citing Czech website Letem Svetem Applem. Citing unnamed sources, the Czech website said Apple is planning to announce new bands that will connect the hidden port of the Apple Watch and add functionality to the device. The smart bands could launch as early as 2016. Reference Link
12:43 EDTAAPLJim Chanos says still long Apple, short HP
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12:17 EDTDDDeere slides after Q3 results and outlook impacted by deteriorating farm economy
Despite reporting third quarter results that surpassed analyst expectations, shares of farm equipment maker Deere (DE) are falling after the company said it sees farm equipment sales for the year lower than previously thought, as the downturn in the agricultural economy continues. WHAT'S NEW: Deere reported Q3 EPS of $1.53, down from $2.33 in the year-ago quarter, and revenue of $7.6B, down 20% from last year's Q3. Analysts' consensus estimates for Q3 were for EPS of $1.44 on revenue of $7.17B. John Deere's Chief Executive Officer Samuel Allen said, "John Deere's third quarter results reflected the continuing impact of the downturn in the farm economy as well as lower demand for construction equipment." WHAT'S NOTABLE: Looking ahead, the farm equipment maker forecast full year 2015 world-wide sales of its farm equipment to be lower by about 25% for the year compared to the 24% it forecast in May with its Q2 report. On its Q3 earnings conference call, the company said crop prices are stabilizing near the long-term average and the dairy sector remains under pressure. Beef prices remain solid while pork prices remain at low levels, Deere added. In China, the company sees continued slowdown in economic growth, lower commodity prices impacting agricultural economy, and mechanizing trends and ongoing subsidies supportive of agriculture. In India, the company sees positive consumer and investor sentiment supporting economic growth, and two consecutive below normal monsoon seasons impacting farm incomes. In the Commonwealth of Independent States, the company sees a continued deterioration of economic growth and credit conditions remaining challenged. Deere sees crop value of agricultural production in Brazil to decrease 11% in 2015. PRICE ACTION: Shares of Deere are down $6.04, or 6.6%, to $84.61 in midday trading. OTHERS TO WATCH: Other companies that are leveraged to agriculture include AGCO (AGCO),Potash (POT), Mosaic(MOS), Agrium (AGU), Syngenta (SYT), CF Industries (CF), and DuPont (DD).
10:29 EDTCTICCTI BioPharma strength attributed to abstract posted on PubMed
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10:23 EDTAAPLApple falls, levels to watch
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10:02 EDTCLFOn The Fly: Analyst Initiation Summary
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09:34 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL FB BAC NFLX DIS TSLA TWTR
08:22 EDTCLFCliffs Natural initiated with a Sell at Axiom
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08:11 EDTAAPLDaimler AG could collaborate with Google, Apple, Reuters says
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06:01 EDTAAPLABI Research: Portable PC sales to remain flat in 2015, DigiTimes says
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