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Stock Market & Financial Investment News

News Breaks
April 27, 2012
16:28 EDTMDRX, EXPE, MXWL, PG, BAC, F, MRK, GS, AMZN, CRAY, CVX, SBUXOn The Fly: Closing Wrap
Stock futures traded around fair value for most of the pre-market trading session, with a bit of a swoon following the disappointing Q1 GDP report. The futures gathered themselves before the close of the pre-market trading session which led to a slightly higher open for the broader market. The averages hung near the flat line until the University of Michigan Consumer Confidence reading gave investors a reason to buy. Although the volume was light, the averages achieved gains of roughly 0.5% and then drifted lower for the remainder of the session. ECONOMIC EVENTS: In the U.S., gross domestic product reportedly grew at an annual rate of 2.2% in the first quarter, versus an expected increase of 2.5%. Personal consumption increased 2.9%, versus expectations for an increase of 2.3%. The University of Michigan Consumer Confidence report had a reading of 76.4, versus the expected 75.7. Regarding Europe, S&P cut its credit rating on Spain to BBB+ from A and said its long-term outlook is negative...COMPANY NEWS: Amazon.com (AMZN), Ford (F) and Starbucks (SBUX) all exceeded expectations on the top and bottom lines, but only Amazon was rewarded by investors. Shares of the internet giant advanced more than 15% on the heels of upgrades from Goldman (GS), Merrill Lynch (BAC), Nomura and Sun Trust...The three Dow components reporting earnings, Chevron (CVX), Merck (MRK) and Procter & Gamble (PG), all declined despite each beating consensus earnings expectations. P&G was the Dow's worst performer, sliding 3.9%, after lowering its outlook for next quarter...MAJOR MOVERS: Among the biggest gainers were: Cray (CRAY) which soared 27.9% to $11.38 after forecasting higher than expected Q2 revenue, and Expedia (EXPE) which rallied 23.5% to $40.31 after reporting Q1 EPS that trounced analysts' expectations. The losers included Allscripts Healthcare Solutions (MDRX) which tumbled 35.7% to $10.29 after drastically reducing its FY12 EPS forecast, and Maxwell Technologies (MXWL) which fell 39.2% to $9.60 after issuing a disappointing Q2 sales forecast. INDICES: The Dow rose 23.69 to 13,228.31, the S&P gained 3.38 to 1,403.36, and the Nasdaq added 18.59 to 3,069.20.
News For AMZN;F;SBUX;GS;BAC;CVX;MRK;PG;CRAY;EXPE;MDRX;MXWL From The Last 14 Days
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August 20, 2015
16:33 EDTAMZNAmazon.com to open fifth Texas fulfillment center in San Marcos
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16:00 EDTBACOptions Update; August 20, 2015
iPath S&P 500 VIX Short-Term Futures up 1.49 to 17.70. Option volume leaders: AAPL BAC FB NFLX DIS INTC BABA MU
13:18 EDTAMZNAmazon.com falls, levels to watch
The shares are down 2.8% at time of writing to $517.99. The last established support level before the large bullish gap from last earnings is at $513.06. If that level is taken out on the downside, a gam fill will begin. And the chart will be left with a blow-off top formation. Resistance is at $522.62.
12:56 EDTAMZNSmall drones bringing air traffic problems in U.S., Washington Post reports
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11:33 EDTMRKLeerink major pharmaceuticals analyst holds an analyst/industry conference call
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10:14 EDTFFord reports Europe sales up 5.3% in July
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09:36 EDTBACActive equity options trading on open
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08:38 EDTMRKMerck says to present new analyses from IMPROVE-IT study
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06:10 EDTCVXAuction for drilling leases attracts little interest, NY Times reports
A federal auction for drilling leases in the Gulf of Mexico Wednesday attracted only $22.7M in sales from five companies, the lowest since 1986, reports the New York Times. Most companies have insisted they would not sacrifice production in future years, but executives have recently expressed concern that the oil price collapse could last through 2016 and possibly even 2017. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
06:07 EDTGSSamsung Bioepis picks Citi, Goldman as lead managers for IPO, Reuters says
Samsung Bioepis has selected Citigroup (C) and Goldman Sachs (GS) as the lead managers for its planned listening on Nasdaq next year, a source tells Reuters. Morgan Stanley (MS) and Credit Suisse (CS) will also take part in the listing for Samsung's (SSNLF) biosimilar drug development arm, the source says. Reference Link
06:05 EDTAMZNAmazon Web Services to open data support center in London, Financial Times says
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05:56 EDTAMZNGoogle Express to shut down two California delivery hubs, Re/code says
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August 19, 2015
17:37 EDTBACFINRA investigates Merrill Lynch over money laundering employee, Reuters says
The Financial Industry Regulatory Authority has been investigating Bank of America Merrill Lynch over a former employee who earlier pleaded guilty to an insider-trading and money laundering scheme, reports Reuters, citing a source familiar with the matter. FINRA could resort to enforcement action against the company, likely citing a breach of money laundering laws, according to the sources. Reference Link
16:02 EDTMDRXAllscripts announces partnership with CoverMyMeds
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16:00 EDTBACOptions Update; August 19, 2015
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14:42 EDTGSBanks cooperate on data company to lower costs, WSJ says
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14:25 EDTGSCoca-Cola has option for outright purchase of Suja, Bloomberg says
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09:33 EDTBACActive equity options trading on open
Active equity options trading on open: AAPL BAC FB BA TWTR NFLX WMT BABA
07:42 EDTAMZNPhoenix Amazon warehouse evacuated due to chemical leak, ABC15 says
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06:12 EDTSBUXStarbucks K-cup momentum is accelerating, says UBS
UBS analyst Keith Siegner says Starbucks (SBUX) is seeing accelerating momentum in the single-serve cup category. The company's K-cup sales increased 36% year-over-year for the four-week period ended August 8, according to Nielsen (NLSN), Siegner tells investors in a research note. Starbucks' K-cup promotion levels ticked up sequentially, but remain well below levels from earlier in the year, the analyst points out. The company's K-Cup portfolio continues to gain share despite increasing price pressure and new market entrants like Dunkin' Brands (DNKN) and McDonald's (MCD), Siegner writes. He keeps a Buy rating on Starbucks with a $63 price target. The stock closed yesterday up 9c to $57.83. Shares of Keurig Green Mountain (GMCR) are down 62% year-to-date in part due to the company's slowing sales in the single-serve cup category.
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