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Stock Market & Financial Investment News

News Breaks
February 19, 2013
05:55 EDTSODA, SODA, SIX, SIX, OC, OC, NFX, NFX, MGM, MGM, GRMN, GRMN, DTE, DTE, DISH, DISH, DVN, DVN, XRAY, XRAY, AEE, AEECompanies reporting Before the Market Open on Wednesday, February 20
Notable companies reporting before the opening bell on Wednesday include Ameren (AEE), DENTSPLY International (XRAY), Devon Energy (DVN), DISH Network (DISH), DTE Energy (DTE), Garmin (GRMN), MGM Resorts International (MGM), Newfield Exploration (NFX), Owens Corning (OC), Six Flags Entertainment (SIX), and Sodastream (SODA).
News For AEE;XRAY;DVN;DISH;DTE;GRMN;MGM;NFX;OC;SIX;SODA From The Last 14 Days
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November 18, 2014
07:29 EDTMGMDeutsche Bank to hold a conference
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November 17, 2014
11:44 EDTNFXStocks with call strike movement; YHOO NFX
Yahoo (YHOO) February 60 call option implied volatility increased 4% to 39, Newfield Exploration (NFX) March 38 call option implied volatility increased 9% to 40 according to IVolatility.
November 14, 2014
17:13 EDTMGMAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
November 13, 2014
14:05 EDTMGMNew Jersey reports Atlantic City gaming win down 4.4% to $207.23M
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08:56 EDTMGMMacau to ask for eased restrictions on RMB conversion, Macau Business Daily says
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November 12, 2014
11:44 EDTSIXSeaWorld sinks to 52-week low after Q3 profit, attendance fall
Shares of theme park and entertainment company SeaWorld (SEAS) are plunging after the company’s profit, attendance and adjusted EBITDA all fell significantly on a year over year basis. The also forecast fiscal year 2014 revenue and adjusted EBITDA to be down from last year. WHAT'S NEW: This morning, SeaWorld reported Q3 adjusted earnings per share of $1.01, missing analysts' $1.13 consensus by 12 cents. Revenue for the quarter was $495.84M, compared to analysts' consensus estimates of $495.4M. Adjusted EBITDA in the quarter was $209.1M, a decrease of $45.3M, or 18%, compared to the third quarter of 2013. Attendance in Q3 ws 8.4M, down from 8.9M a year ago. The company believes the decline in attendance results from a combination of factors including negative media attention in California along with a challenging competitive environment, particularly in Florida. The competitive challenges in Florida relate to significant new attraction offerings at competitor destination parks, along with a delay in the scheduled opening of one of the company's new rides at its Busch Gardens Tampa park. The decrease in total revenue in the third quarter was primarily driven by a 5.2% decline in attendance, along with a 2.9% decline in total revenue per capita from $60.74 in the third quarter of 2013 to $58.99. WHAT’S NOTABLE: Looking ahead, SeaWorld forecast FY14 revenue and adjusted EBITDA to be down 6%-7% and 14%-16%, respectively. The FY14 revenue consensus ahead of the company's report was $1.37B. The company also said it expects to take a restructuring charge of up to $13M in Q4 related to its cost reduction initiatives. The company sees FY14 capital expenditures to be in the range of $155M-$165M and fiscal year 2015 CapEx to be in the range of $185M-$195M. Jim Atchison, the company's Chief Executive Officer, noted that the attendance trends the company experienced in the latter part of the second quarter continued into Q3. He called 2014 a “challenging year,” and said the company was executing a cost savings plan that is expected to deliver approximately $50M of annual cost savings by the end of 2015. He also said the company was adjusting its attraction and marketing plans to address immediate top-line concerns. PRICE ACTION: In late morning trading, SeaWorld fell $2.24, or 12.04%, to $16.36 on more than twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $16.53. Including today's pull back, the shares have lost approximately 48% over the past 12 months. OTHERS TO WATCH: Other companies in the theme park space include Disney (DIS), up 0.03%, Six Flags (SIX), down 0.16%, and Cedar Fair (FUN), up 0.76%.
07:48 EDTSIXWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
07:31 EDTNFXBofA/Merrill to hold a conference
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November 11, 2014
09:50 EDTDTEBofA/Merrill to hold events at the 49th EEI Financial Conference
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November 10, 2014
17:13 EDTDTEDTE Energy sees FY15 EPS $4.43-$4.67, consensus $4.60
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17:13 EDTDTEDTE Energy reaffirms FY14 EPS view $4.28-$4.42 , consensus $4.36
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16:28 EDTDTEDTE Energy announces plan to purchase Renaissance Power Plant for $240M
DTE Energy announced its plan to purchase the Renaissance Power Plant, a 732 megawatt simple-cycle natural gas facility, for $240M. DTE expects to complete the transaction during 1Q15. The facility, located in Carson City, Michigan, and currently owned by The LS Power Group, will allow DTE to meet the peak demand of approximately 260,000 households on a hot summer day. The purchase will allow DTE to address its current and future resource adequacy requirements.
15:43 EDTDVNAmerican Petroleum Institute to hold a conference
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15:16 EDTAEE, DTEEdison Electric Institute to hold a conference
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15:15 EDTDVNJefferies to hold a conference
2014 Global Energy Conference is being held in New York on November 11-12.
14:45 EDTXRAYDENTSPLY management to meet with Jefferies
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14:38 EDTMGMT. Rowe Price reports 10.7% passive stake in MGM Resorts
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10:04 EDTNFXOn The Fly: Analyst Upgrade Summary
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09:39 EDTNFXCitadel Advisors reports 5.3% passive stake in Newfield Exploration
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06:43 EDTNFXNewfield Exploration upgraded to Buy from Hold at Deutsche Bank
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