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Stock Market & Financial Investment News

News Breaks
May 31, 2013
16:22 EDTKKD, OVTI, PANW, AIGOn The Fly: Closing Wrap
Stocks on Wall Street were lower after the averages fell sharply in the final hour of trading. The averages moved in a narrow range near the flatline for much of the session, and despite the late-day selloff, each of the major indices finished the month with marked gains, going against the "sell in May" theory. ECONOMIC EVENTS: In the U.S., personal income was reported to be flat in April, versus expectations of an increase of 0.1%, while personal spending fell 0.2% in the month, versus the consensus forecast for it to be unchanged. The ISM-Chicago business survey had a reading of 58.7, versus an expected reading of 50.0. The University of Michigan consumer confidence report came in at 84.5, versus expectations for a reading of 83.7. COMPANY NEWS: American International Group (AIG) lost $1.75, or 3.79%, to $44.46, after the company disclosed that a Chinese group that has agreed to buy up to 90% of International Lease Finance Corporation common stock missed a deposit deadline. AIG has previously said asset sales will be key to funding its capital return plans, potentially including share buybacks. MAJOR MOVERS: Among the notable gainers following their earnings reports and better than expected guidance were OmniVision (OVTI),up $2.978, or 19.24%, to $18.47, and Krispy Kreme (KKD), up $3.06, or 21.46%, to $17.32. Among noteworthy losers was Palo Alto Networks (PANW), $5.87, or 10.795, to $48.52 after its third quarter revenue missed the Street view and its fourth quarter outlook came in below expectations. INCDICES: The Dow lost 208.96, or 1.36%, to 15,115.57; the S&P lost 23.87, or 1.43%, to 1,630.74; the Nasdaq lost 35.39, or 1.01%, to 3,455.91.
News For AIG;OVTI;KKD;PANW From The Last 14 Days
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July 1, 2015
16:51 EDTAIGCheckpoint Systems pays $9M to AIG to resolve litigation
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14:49 EDTPANWTrump Hotels becomes latest victim of credit card data breach, Krebs says
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June 29, 2015
10:23 EDTOVTIOptions with decreasing implied volatility
Options with decreasing implied volatility: THC CYH HCA BBBY BBRY BKS NKE OVTI ACN CTRX
June 26, 2015
10:56 EDTPANWBarclays calls Fortinet, Palo Alto best bets in cybersecurity sector
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05:43 EDTPANWPalo Alto price target raised to $210 from $178 at Barclays
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05:41 EDTPANWFireEye downgraded to Equal Weight from Overweight at Barclays
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June 24, 2015
17:57 EDTAIGWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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12:06 EDTPANWU.S. data hack larger than previously disclosed, WSJ reports
Office of Personnel Management Director Katherine Archuleta said in a statement today to the House Oversight Committee that her agency is investigating whether up to 18M unique Social Security numbers were stolen as part of the previously disclosed cyberattack, Wall Street Journal reports. The hack is being defined as two distinct breaches, and the larger than previously thought numbers are preliminary and not verified, the Journal adds. Publicly traded companies in the cybersecurity space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
08:54 EDTPANWFortinet downgraded to Neutral from Buy at Citi
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June 22, 2015
10:41 EDTOVTIOptions with increasing implied volatility
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10:19 EDTPANWAnalyst says get more selective on cybersecurity stocks
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05:55 EDTPANWPalo Alto price target raised to $206 from $180 at UBS
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05:45 EDTPANWFireEye downgraded to Neutral from Buy at UBS
UBS analyst Brent Thill downgraded FireEye (FEYE) to Neutral citing the stock's 70% rally year-to-date. Hill, however, raised his price target for name to $55 from $50. Shares of the cybersecurity provider closed Friday down 58c to $53.65. Hill also downgraded Symantec (SYMC) this morning to Sell. In the cybersecurity space, he keeps Buy ratings on Palo Alto Networks (PANW) and Fortinet (FTNT).

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