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Stock Market & Financial Investment News

News Breaks
January 28, 2013
10:15 EDTVNO, INGR, STT, NYX, IMGN, GLW, AKS, RBS, OSK, BWA, SCCO, LIFE, ENR, BBBY, F, CELG, WY, NE, JOY, EEP, AAPL, JOSBOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AK Steel (AKS) downgraded to Sell from Neutral at Goldman... Apple (AAPL) downgraded to Neutral from Outperform at RW Baird... Bed Bath & Beyond (BBBY) downgraded to Sell from Neutral at Goldman... Brookfield Properties (BPO) downgraded to Sell from Neutral at Citigroup... Corning (GLW) downgraded to Equal Weight from Overweight at Barclays... Enbridge Energy (EEP) downgraded to Market Perform from Outperform at Wells Fargo... Energizer (ENR) downgraded to Equal Weight from Overweight at Morgan Stanley... ImmunoGen (IMGN) downgraded to Perform from Outperform at Oppenheimer... Joy Global (JOY) downgraded to Market Perform from Outperform at Raymond James... Life Technologies (LIFE) downgraded to Neutral from Buy at UBS... NYSE Euronext (NYX) downgraded to Neutral from Buy at UBS... Noble Corp. (NE) downgraded to Equal Weight from Overweight at Stephens... Southern Copper (SCCO) downgraded to Underweight from Hold at BB&T... State Street (STT) downgraded to Market Perform from Outperform at Keefe Bruyette... Weyerhaeuser (WY) downgraded to Sector Perform from Outperform at RBC Capital... BorgWarner (BWA) downgraded to Neutral from Buy at Sterne Agee... Ingredion (INGR) downgraded to Neutral from Buy at Citigroup... Celgene (CELG) downgraded to Hold from Buy at Argus... Oshkosh (OSK) downgraded to Neutral from Buy at Longbow... Vornado (VNO) downgraded to Cautious from Neutral at ISI Group... Ford (F) downgraded to Underperform from Neutral at Buckingham... Royal Bank of Scotland (RBS) downgraded to Sell from Neutral at Goldman... JoS. A. Bank (JOSB)downgraded to Equal Weight from Overweight at Johnson Rice.
News For AKS;AAPL;BBBY;GLW;EEP;ENR;IMGN;JOY;LIFE;NYX;NE;SCCO;STT;WY;BWA;INGR;CELG;OSK;VNO;F;RBS;JOSB From The Last 14 Days
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April 13, 2015
13:26 EDTAAPLOn The Fly: Top stock stories at midday
Stocks on Wall Street were mixed at midday, with the Dow and S&P 500 slightly lower and the Nasdaq clinging to a narrow gain. The broader market opened in positive territory and the averages moved in a narrow trading range during the morning. The Nasdaq has been the strongest of the indices since the open, though early gains from Apple (AAPL) and Qualcomm (QCOM) had evaporated by near midday, taking a bite out of the gains the index had been seeing earlier in the session. ECONOMIC EVENTS: In the U.S., no major economic data was released. In China, export sales unexpectedly contracted 15% in March, while imports shrank 12.7% last month from a year ago. The March fall in imports was in line with forecasts, unlike the one for exports, which were expected to rise 12%. COMPANY NEWS: Activist investor Jana Partners is putting pressure on Qualcomm to increase stock buybacks and take other actions to increase shareholder value, including an exploration of spinning off its chip unit from its patent-licensing unit. In response to statements made by JANA, Qualcomm noted that it recently increased its stock repurchase authorization to $15B and repeated that it plans to repurchase $10B of common stock within one year. Barry Rosenstein of JANA Partners, while speaking on CNBC, said Qualcomm should buy back $15B of its shares over the next six months, before the company undertakes strategic actions that could move the stock higher... Apple shares were rising early in the trading day but had given up their gains by midday. Pre-orders of its new Apple Watch started Friday. The company did not release any sales figures for the first weekend, but research firm Slice Intelligence estimated that nearly one million customers in the U.S. preordered the device on the first day it was available. MAJOR MOVERS: Among the notable gainers were Alamos Gold (AGI), which rose 6%, and AuRico Gold (AUQ), which rose 7%, after the companies announced an agreement to combine via "a merger of equals" with a transaction equity value of about $1.5B. Upon completion of the deal, former Alamos and AuRico shareholders will each own approximately 50% of the new Alamos Gold and a new company, to be named AuRico Metals, will be created to hold AuRico's Kemess project and some other assets. The newly formed company will own a 4.9% equity interest in the spinoff and the remaining "SpinCo" shares will be distributed 50% each to former Alamos and AuRico shareholders. Also higher was Builders FirstSource (BLDR), which gained 65% after announcing that it has entered into an agreement to acquire ProBuild Holdings in an all-cash transaction valued at about $1.63B. Among the noteworthy losers was Basic Energy (BAS), which fell 8% after Raymond James downgraded the stock to Market Perform based on valuation, substantial pricing pressure, and industry overcapacity. Also lower were U.S.-listed shares of Sina (SINA), which dropped 5% after the Financial Times reported that China's government has warned that it will shut down the company's service if it does not "improve censorship." INDEXES: Near midday, the Dow was down 19.08, or 0.11%, to 18,038.57, the Nasdaq was up 7.93, or 0.16%, to 5,003.91, and the S&P 500 was down 3.04, or 0.14%, to 2,099.02.
12:46 EDTAAPLApple to update capital return policy on April 27, says Piper Jaffray
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11:17 EDTRBSRBS plans to sell Luxembourg-based fund management unit, Reuters reports
Royal Bank of Scotland has appointed PricewaterhouseCoopers to advise on the sale of its Luxembourg-based fund management unit, Reuters reports. The business had $30.1B in assets under administration at the end of last year. Reference Link
10:33 EDTBBBYOptions with decreasing implied volatility
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09:34 EDTCELG, AAPLActive equity options trading on open
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09:24 EDTAAPLApple Watch sales conversion showing good results, says Cowen
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09:20 EDTAAPLOn The Fly: Pre-market Movers
HIGHER: Builders FirstSource (BLDR), up 54.35% after acquiring ProBuild in all-cash transaction... Arrowhead (ARWR), up 14.3% after being cleared to proceed with multiple dose Phase 2b study of ARC-520... Oramed Pharmaceuticals (ORMP), up 6.9% after enrolling first patient in glucose clamp study for oral insulin... Clovis Oncology (CLVS), up 8.2% after being upgraded to Buy from Neutral at Goldman... Quantum (QTM), up 3.2% after announcing go-to-market partnership with Dot Hill Systems (HILL)... Netflix (NFLX), up 3.4% after being upgraded to Buy from Neutral at UBS... Apple (AAPL), up just under 1% following reports of Apple Watch orders. LOWER: Sina (SINA), down 3% following a report from the Financial Times that China may shut down the company if censorship doesn't improve... Ruckus Wireless (RKUS), down 2.9% after being downgraded to Buy from Conviction Buy at Goldman... Allot Communications (ALLT), down 2.7% after being downgraded to Hold from Buy at Needham.
09:04 EDTOSKOshkosh to begin production of P-19R aircraft
Oshkosh Defense, LLC, an Oshkosh Corporation company, will begin the Production and Deployment Phase of the P-19 Replacement Aircraft Rescue Fire Fighting vehicle program for the U.S. Marine Corps. Oshkosh was awarded the P-19R contract in May 2013 and has since successfully completed all required government development testing and evaluation and readiness reviews required to move the program through Milestone C approval and into Low Rate Initial Production.
08:39 EDTGLWCorning announces collaboration with OLEDWorks
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07:48 EDTAAPLVocera announces first clinical communications app for Apple Watch
Vocera (VCRA) announced the Vocera app for Apple's (AAPL) Apple Watch. The Apple Watch enables Vocera to extend the power of the Vocera Communication Platform in new ways so physicians and care teams can engage with and respond to life-critical communications and alerts. The Vocera app for Apple Watch will allow users to rapidly manage life-critical communications by viewing and responding to prioritized calls, alerts, and messages from other care team members, Electronic Health Records and clinical systems, including critical lab values and STAT orders. In addition, users will be able to manage key communication functions by setting their availability to enable proper message routing. The Vocera app also allows users to initiate panic calls in "man-down" emergency situations, improving staff safety. The Vocera app will be available this summer from the Apple Watch App Store.
07:29 EDTAAPLApple May weekly volatility elevated into Q2 and outlook
Apple April call option implied volatility is at 28, May weekly is at 36, June is at 29; compared to its 26-week average of 26 according to Track Data, suggesting large May price into the expected release of Q2 results on April 27.
07:15 EDTAAPLApple Watch orders totaled about 957K in U.S. on first day, Apple Insider says
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07:13 EDTEEPWells Fargo to hold a conference
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06:51 EDTAAPLApple Watch off to strong start, says Cantor
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06:35 EDTAAPLApple Watch trends show solid demand, limited supply, says Piper Jaffray
Piper Jaffray says lead-times for the Apple Watch were unchanged over the weekend, which it views as an indication that Apple is expecting a ramp in production in mid-May to June. Overall, Piper views the Watch trends over the weekend as suggesting solid demand paired with very limited supply. It maintains an Overweight rating on Apple with a $160 price target.
06:30 EDTAAPLApple in talks with Florence and the Machine for Beats service, Bloomberg says
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05:59 EDTAAPLApple contacts Irish banks ahead of Apple Pay rollou, The Independent says
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05:09 EDTCELGCelgene to purchase 14.35M shares of Mesoblast stock for A$3.82 per share
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April 12, 2015
19:33 EDTCELGCelgene takes stake in Australia's Mesoblast, the Australian says
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19:01 EDTAAPLNokia maps unit HERE may be of interest to several tech firms, Re/code says
If Nokia is putting its mapping unit HERE up for sale it may draw interest from firms like Microsoft (MSFT), Yahoo (YHOO), Amazon (AMZN) and Apple (AAPL), says Re/code. Reference Link
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