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Stock Market & Financial Investment News

News Breaks
August 14, 2014
15:03 EDTAMAT, A, JWN, WB, SINA, JCPNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Applied Materials (AMAT), consensus 27c; Agilent (A), consensus 74c; Nordstron (JWN), consensus 95c; Weibo (WB), consensus (3c); SINA (SINA), consensus 9c; and J.C. Penney (JCP), consensus (93c).
News For AMAT;A;JWN;WB;SINA;JCP From The Last 14 Days
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October 31, 2014
11:39 EDTAGenetic Technologies, Agilent jointly file to dimiss lawsuit
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October 30, 2014
10:52 EDTWBBaidu rises after profits beat expectations
Chinese Internet search engine Baidu (BIDU) is climbing after the company reported higher than expected profits and in-line revenue. WHAT'S NEW: Baidu reported third quarter earnings per share, excluding certain items, of $1.90, versus analysts' consensus outlook of $1.69. The company's revenue came in at $2.2B, in-line with the consensus outlook. Baidu provided Q4 revenue guidance of $2.26B-$2.32B, versus the consensus outlook of $2.3B. Last quarter, Baidu had more traffic from mobile devices than PCs, and mobile traffic generated 36% of its revenue, the company noted. "In the third quarter, our investments in mobile continued to pay off as mobile proved once again to be a strong driver of topline growth," said Baidu CFO Jennifer Li. ANALYST REACTION: Baidu's investment in mobile is starting to pay off, agreed Piper Jaffray analyst Gene Munster in a note to investors today. Additionally, the impact to Baidu from its investments in mobile appear not to have been as drastic as previously thought, and the company remains "essentially unchallenged" in the Chinese search market, wrote the analyst. He raised his price target on the shares to $267 from $222 and kept an Overweight rating on the stock. Meanwhile, research firm Stifel Nicolaus reported that the company's gross margin was about 1.5 percentage points ahead of expectations in Q3. Baidu is on track to generate about 65% of its queries from mobile devices in a year, at which point it may significantly increase the prices it charges for mobile search ads, the firm stated, adding that the company's innovation in mobile has been strong. Stifel has a $250 price target and Buy rating on the shares. PRICE ACTION: In mid-morning trading, Baidu rose 4% to $224. Other Chinese Internet names also rose, with Weibo (WB) adding 1% to $18, Renren (RENN) rising 1% to $3.45, Sohu.com (SOHU) gaining 1.5% to $44, and Qihoo 360 (QIHU) adding 0.5% to $68.50.
October 29, 2014
16:12 EDTAAgilent reports Q3 EPS 3c, one estimate 3c
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10:31 EDTJWNNordstrom to close Mall of Georgia store in Buford Georgia
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06:50 EDTAMATTokyo Electron says Applied Materials deal could be postponed, Reuters says
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October 28, 2014
11:38 EDTJCPKohl's sinks after profit, sales growth outlook misses expectations
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October 27, 2014
18:38 EDTAS&P announces changes to the S&P MidCap 400 and S&P SmallCap 600 indices
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October 24, 2014
10:29 EDTJCPOptions with decreasing implied volatility
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October 22, 2014
09:58 EDTSINASINA discloses resignation of EVP Chen
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09:50 EDTJWNCredit Suisse to hold a field trip
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06:12 EDTAMATKLA-Tencor removed from Focus List at Citigroup
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October 21, 2014
12:49 EDTWBAcxiom, Weibo announce partnership
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October 20, 2014
07:10 EDTAAmerican Society of Human Genetics to hold annual meeting
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October 17, 2014
16:55 EDTJCPStocks end volatile week lower amid oil price plunge
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