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Stock Market & Financial Investment News

News Breaks
October 25, 2013
17:08 EDTAMZN, MSFT, CECO, ZNGA, NQ, EMNOn The Fly: Closing Wrap
Stocks on Wall Street were higher, but closed off their best levels, after a session that saw the Nasdaq rally early following strong earnings reports from Amazon (AMZN) and Microsoft (MSFT), though the averages later consolidated their gains to trade in a narrow range for much of the session and close with modest gains. ECONOMIC EVENTS: In the U.S., durable goods orders climbed 3.7% in September, stronger than the expected 2.5% increase. Durable goods orders excluding transportation orders were down 0.1%, versus expectations for them to be up 0.5% in the month. The final University of Michigan consumer confidence reading for October was 73.2, versus an expected 75.0 reading. Wholesale trade inventories grew 0.5% in August, versus expectations for a rise of 0.4% for the month. COMPANY NEWS: Amazon gained $31.18, or 9.39%, to $363.39 after the company reported third quarter losses that were in-line with forecasts and revenue that beat analysts' consensus expectation. Following its report at least eight firms raised their price targets on Amazon's shares and Raymond James upgraded the stock to Strong Buy... Microsoft reported earnings beat expectations on both the top and the bottom line, and the PC giant saw its shares gain $2.01, or 5.96%, to $35.73. MAJOR MOVERS: Among the notable gainers was Career Education (CECO), up $2.18, or 57.37%, to $5.98 after last night announcing a deal to sell its European education properties for $305M. Also higher was mobile game maker Zynga (ZNGA), up 18c, or 5.52%, to $3.73 after reporting a narrower-than-expected third quarter loss. Among the noteworthy losers were U.S.-listed shares of NQ Mobile (NQ), down $1.46, or 12.08%, to $10.63 after the shares, which were halted for much of the session, re-opened for trade following a conference call held by management to address a negative research report released yesterday by noted short seller Muddy Waters. Shares of NQ Mobile fell $12.48, or 54.55% yesterday before being halted for the session. Also lower was Eastman Chemical (EMN), down $4.24, or 5.16%, to $77.94 after cutting its FY13 EPS outlook and being downgraded to Neutral from Conviction Buy at Goldman. INDEXES: The Dow was up 61.07, or 0.39%, to 15,570.28; the S&P 500 was up 7.70, or 0.44%, to 1,759.77; the Nasdaq was up 14.40, or 0.37%, to 3,943.36.
News For AMZN;MSFT;CECO;ZNGA;NQ;EMN From The Last 14 Days
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October 13, 2014
07:45 EDTEMNU.S. chemical company declines an overreaction to macro outlook, says UBS
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07:15 EDTMSFTNational Association of Corporate Directors to hold a conference
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October 12, 2014
17:20 EDTAMZNGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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October 10, 2014
07:04 EDTAMZNAmazon in talks to join digital locker for movies. WSJ reports
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06:35 EDTAMZNAmazon in discussions for Jabong acquisition, Economic Times says
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October 9, 2014
16:00 EDTAMZNOptions Update; October 9, 2014
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14:35 EDTAMZNAmazon.com falls to lows of the day, levels to watch
The shares are down over 2% and just off the lows of the session at $315.33. At current price, resistance is at $317.13. Support is at $315.33 and then at $314.14.
14:34 EDTAMZNAmazon plans first physical retail store in NYC, WSJ reports
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14:23 EDTAMZNAmazon plans first physical retail store in NYC, DJ reports
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13:39 EDTMSFTMicrosoft says committed to Surface Pro 3
Microsoft's Brian Hall acknowledged in a post to the company's Surface blog that the company has recently received a lot of interest and questions from businesses about Microsoft’s longer-term commitment to Surface is in businesses of all sizes. Surface Pro 3 will continue to support Windows 8.1 and be upgrade-able when Windows 10 is released, Hall stated. Hall also announced a limited-time Surface Laptop Replacement Bundle that provides up to $150 off of a Surface Pro 3, Type Cover and Docking Station when purchased together, available through Microsoft's authorized resellers in the U.S. starting immediately. "Businesses can buy with confidence. We are here to stay," Hall, the General Manager for Surface, stated in concluding the blog post. The Fly notes that DigiTimes, citing sources from the upstream supply chain, reported earlier that Microsoft may be planning to cancel the Surface tablet business as it continues to see weak sales for the Surface Pro 3. Reference Link
10:00 EDTMSFTOn The Fly: Analyst Initiation Summary
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09:38 EDTMSFTActive equity options trading on open
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09:01 EDTMSFTSony moves step further toward sale of PS4 in China, WSJ says
Sony (SNE), which seeks to join Microsoft (MSFT) in selling video game consoles in China, may see a partner company start packaging its consoles in the nation in December, said The Wall Street Journal, citing a filing posted by a Sony local partner on the official website of Shanghai’s free-trade zone. A Sony spokesperson said the facility's ability to package 200,000 consoles a year, which was communicated in the filing, does not represent an actual business plan and declined to comment further on Sony’s plans. Reference Link
08:53 EDTMSFTAbout 1,000 workers went on strike for several hours at Foxconn plant, WSJ says
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06:42 EDTMSFTMicrosoft CEO admits 'mistakes' with Windows 8, Business Insider reports
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06:41 EDTMSFTMicrosoft initiated with a Market Perform at BMO Capital
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06:33 EDTAMZNCourt considers whether to pay Amazon workers for security checks, WSJ says
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06:31 EDTMSFTFiling says Sony to begin console packaging in China, Bloomberg says
A filing on the website of the China Pilot Free Trade Zone said that Sony (SNE) is aiming to begin packaging over 200K new video game consoles starting in December in China, according to Bloomberg, citing the filing which was verified as authentic by a spokesman for Sony Computer Entertainment. The company is looking to accumulate sales in the country as the end of a 14-year ban on the devices approaches. Microsoft (MSFT) already began selling Xbox Ones in China. Reference Link
06:26 EDTAMZNGoogle's tax arrangement facing new challenge by France, WSJ reports
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06:24 EDTMSFTMicrosoft rumored to cancel Surface tablet business, DigiTimes reports
Microsoft may be planning to cancel the Surface tablet business as it continues to see weak sales for its Surface Pro 3 tablet, reports DigiTimes. According to sources from the upstream supply chain, the first and second generation Surface tablets are estimated to have created losses of about $1.7B. Reference Link
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