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Stock Market & Financial Investment News

News Breaks
May 29, 2014
16:38 EDTPLKI, TSN, KORS, BIIB, HSH, TLYS, PPC, AAPLOn The Fly: Closing Wrap
Stocks on Wall Street began the session on the plus side and remained there throughout the day. Most of the day was spent close to the flat line as the market essentially ignored the day’s economic data, including a worse than expected downward revision to Q1 gross domestic product. The averages began to lift late in the day to go out on their highs, though once again the move came on light volume. ECONOMIC EVENTS: In the U.S., the Commerce Department estimated that gross domestic product decreased at a 1% annual rate in the first quarter of the year, which is down significantly from the government's first estimate of positive 0.1% growth for the period and below the consensus expectation for a revision to a 0.5% decline. Initial jobless claims dipped 27K to 300K in the week ended May 24 from a revised 327K previously. An index of pending home sales edged up 0.4% to 97.8 in April, which was less than the expected 1% rise. COMPANY NEWS: Apple (AAPL) shares rose $11.37, or 1.82%, to $635.38 after the company confirmed last night that it has agreed to buy Beats Music, which operates a streaming music service, and Beats Electronics, which makes and sells electronic music products such as headphones and speakers, for $3B. Financial Times first reported on May 8, citing people familiar with the negotiations, that Apple was in talks to acquire Beats. In a note to investors after the confirmation, JPMorgan wrote that the deal "is really about what Apple can do with Beats Music" to revitalize its own iTunes music business. Meanwhile, PiperJaffray stated that Apple acquired Beats for several reasons, including the opportunity to bring Beats co-founders Jimmy Iovine and Dr. Dre to Apple to work on content... Hillshire Brands (HSH) jumped $7.94, or 17.73%, to $52.76 after the company received an unsolicited, all-cash takeover offer of $50 per share from Tyson Foods (TSN), which also rose $2.50, or 6.13%, to $43.25. Tyson's newly disclosed offer topped the $45 per share bid announced just two days ago from Pilgrim's Pride (PPC). MAJOR MOVERS: Among the notable gainers was Popeyes Louisiana Kitchen (PLKI), which rose $5.51, or 14.47%, to $43.58 after reporting better than expected quarterly results and raising its fiscal year earnings view. Also higher was Biogen Idec (BIIB), which gained $11.04, or 3.58%, to $319.85 after JPMorgan upgraded the shares to Overweight, citing upside potential from the company's multiple sclerosis franchise as well as its mid-stage pipeline opportunities. Among the noteworthy losers was apparel, footwear and accessory retailer Tilly's (TLYS), which dropped $1.81, or 17.11%, to $8.77 after the company reported a decline in its first quarter same-store sales and gave lower than expected earnings guidance for the new quarter. Also lower were shares of luxury retailer Michael Kors (KORS), which slipped $4.73, or 4.88%, to $92.28 after the stock was downgraded at Avondale to Market Perform from Outperform. INDEXES: The Dow was up 65.56, or 0.39%, to 16,698.74, the Nasdaq was up 22.87, or 0.54%, to 4,247.95, and the S&P 500 was up 10.25, or 0.54%, to 1,920.03.
News For AAPL;HSH;TSN;PPC;BIIB;PLKI;TLYS;KORS From The Last 14 Days
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November 11, 2014
08:15 EDTAAPLAlibaba says willing to collaborate with PayPal in future, Bloomberg reports
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08:01 EDTKORSMichael Kors promotions picked up in November, says Jefferies
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07:35 EDTAAPLApple price target raised to $125 from $115 at UBS
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06:31 EDTAAPLApple making aggressive move into corporate market, Reuters says
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06:03 EDTAAPLQ4 global tablet shipments estimated at 74.5M units, DigiTimes reports
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November 10, 2014
16:00 EDTAAPLOptions Update; November 10, 2014
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12:42 EDTAAPLFireEye details hack attack found on Apple operating system
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12:39 EDTAAPLFireEye has uncovered iOS flaw that leaves devices vulnerable, CNBC reports
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12:09 EDTTSN, PPCUSDA raises 2014 meat production forecast, lowers 2015
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11:35 EDTKORSStocks with call strike movement; WFM KORS
Whole Foods (WFM) February 52.5 call option implied volatility increased 2% to 28, Michael Kors (KORS) May 85 call option implied volatility decreased 2% to 31 according to IVolatility.
09:35 EDTAAPLActive equity options trading
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07:34 EDTAAPLApple Pay seen making up 1% of Whole Foods transactions since launch, Dudas says
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06:27 EDTAAPLGT Advanced accuses Apple of 'bait-and-switch' in unsealed documents, WSJ says
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06:00 EDTAAPLApple implied volatility of 19 at lower end of index mean range
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November 7, 2014
17:00 EDTKORSMarket ends week higher after upbeat U.S. data, hint at ECB easing
Stocks finished the week higher and near record levels as several better than expected U.S. economic data points boosted shares. MACRO NEWS: In the U.S., weekly jobless claims, a manufacturing index for October, and factory orders for September all beat expectations. The nonfarm payrolls report showed fewer than expected jobs were added last month, but the figures from the prior two months were upwardly revised... European Central Bank President Mario Draghi said the ECB Governing Council was unanimous in its commitment to use unconventional instruments if needed to boost the euro zone's economy. Meanwhile, some possible "green shoots" emerged in Europe, as France reported that its manufacturing output had risen 0.6% in September versus August. Furthermore, Western European car sales surged 5.5% in October versus the same period a year earlier, Reuters reported, citing industry data. There was, however, some negative news out of Europe, as Germany said that its factory orders had increased just 0.8% in September, following a revised 4.2% slump in August. Economists had expected the orders to jump 2.3%. Also, the European Commission cut its 2014 GDP growth forecast for the EU to 0.8% from its previous forecast for a 1.2% gain. COMPANY NEWS: Tesla (TSLA), Chinese e-commerce giant Alibaba (BABA), Archer Daniels Midland (ADM), International Paper (IP), Whole Foods (WFM), and upscale accessories and apparel maker Kate Spade (KATE) were among the stocks that climbed following their results. Conversely, multi-level marketer Herbalife (HLF), Priceline (PCLN), Michael Kors (KORS), IT security company FireEye (FEYE), and chip maker Qualcomm (QCOM) fell following their quarterly reports... In takeover news, clinical laboratory company LabCorp (LH) said it would buy drug development services company Covance (CVD) for $105.12 per share in cash and stock, and marketing services company Sapient (SAPE) agreed to be acquired by French advertising giant Publicis (PUBGY) for $25.00 per share in cash... Shares of a number of hospital owners, including Tenet Healthcare (THC), Community Health (CYH), and HCA Holdings (HCA) fell after Republicans won control of the U.S. Senate. Republicans have promised to seek to repeal most parts of the Affordable Care Act, which benefits hospitals by reducing the number of uninsured patients that use their services. Additionally, the Supreme Court today agreed to hear a lawsuit challenging the federal government's right to subsidize the health insurance premiums of Americans who buy health insurance through the federal exchange set up by the Act... The Justice Department sued to block the acquisition of Screenvision, which provides solutions related to cinema advertising, by movie theater ad network National CineMedia (NCMI), sending its stock lower. Movie theater operator Carmike Cinemas (CKEC), which owns a 19% “profits interest" in the holding company for Screenvision, also slid following the news. INDEXES: For the week, the Dow is up 1.04% to 17,573.93, the Nasdaq is up 0.03% to 4,632.53, and the S&P 500 is up 0.66% to 2,031.92.
16:00 EDTAAPLOptions Update; November 7, 2014
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10:00 EDTTLYSOn The Fly: Analyst Initiation Summary
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09:36 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL WFM ABX GILD TSLA ZNGA FB FSLR GOOG AMZN
06:46 EDTAAPLMicrosoft begins offering free iPhone Office apps
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06:35 EDTAAPLApple says shuts down 'WireLurker' malware, Business Insider reports
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