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Stock Market & Financial Investment News

News Breaks
October 25, 2013
17:08 EDTEMN, CECO, NQ, MSFT, ZNGA, AMZNOn 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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May 19, 2015
17:08 EDTNQNQ Mobile sees FY15 revenue $455M-$460M, one estimate $443M
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17:08 EDTNQNQ Mobile sees Q2 revenue $102M-$103M, one estimate $99.5M
Representing a 25.0%-26.2% year-over-year increase.
17:06 EDTNQNQ Mobile reports Q1 adjusted EPS 0c, one estimate 0c
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16:01 EDTMSFTOptions Update; May 19, 2015
iPath S&P 500 VIX Short-Term Futures down 27c to 19.17. Option volume leaders: AAPL BAC WMT MSFT FB TWTR MNKD NFLX T PBR
13:05 EDTMSFTSalesforce deal talks may have 'died down,' dealReporter says
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12:55 EDTMSFTPC related stocks struggle after Morgan Stanley says PC turn won't come until Q3
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11:52 EDTAMZNDepartures raises concerns of Google's commitment to ecommerce, Re/code says
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08:33 EDTMSFTMorgan Stanley cautious in near-term on PC names
Morgan Stanley is more cautious on PC names near-term, given PC and HDD inventory builds quarter-to-date and weaker April ODM sales. The firm's analyst team continues to believe Q1 was a bottom in year-over-year growth, but now expects normal Q2 seasonal growth instead of above normal and thinks any recovery will likely be delayed until Q3. Morgan Stanley is cautiously optimistic on Western Digital (WDC) due to its diverse revenue drivers, sees value creation catalysts for Hewlett-Packard (HPQ) and believes Microsoft (MSFT) shares reflect the challenging PC market and Win 10. The firm is more cautious on semis such as NVIDIA (NVDA) given higher valuations, share loss at Advanced Micro (AMD), potential 2H margin pressure at Intel (INTC), and Morgan is cautious on PC DRAM stocks near-term due to weaker pricing.
07:32 EDTMSFTMad Catz Interactive signs deal with Dovetail Games for Flight Simulator X
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06:01 EDTMSFTStocks with implied volatility below IV index mean; MSFT GE
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May 18, 2015
19:27 EDTMSFTMicrosoft's new internet browser to be Windows exclusive, TechCrunch says
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17:08 EDTCECOBlum Capital Partners lowers stake in Career Education to 4.9% from 5.8%
16:28 EDTMSFTWindows 10 Mobile devices to feature carrier-free updates, ZDNet says
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16:00 EDTMSFTOptions Update; May 18, 2015
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14:04 EDTAMZNEarnings Watch: Wal-Mart sees Q1 EPS 95c-$1.10, U.S. SSS up 1%-2%
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13:37 EDTMSFTBaidu, Uber teaming up to pursue Nokia's maps unit, Bloomberg reports
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11:47 EDTAMZNAmazon unlikely hurt by Google Buy button in next 3 years, says Piper Jaffray
Piper Jaffray analyst Gene Munster said he does not expect Google's (GOOG) addition of a "Buy" button for mobile e-commerce hurting Amazon.com (AMZN) over the next 1 to 3 years, but he does believe Google's plan presents a longer-term threat to "chip away" at Amazon's growth rate. However, Munster thinks it will be "next to impossible" for Google to replicate Amazon's core infrastructure and customer experience and he keeps an Overweight rating and $475 price target on Amazon shares.
10:37 EDTZNGAFacebook ramps up interest in games, The Information reports
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06:05 EDTMSFTStocks with implied volatility below IV index mean; MSFT GE
Stocks with implied volatility below IV index mean; Microsoft (MSFT) 17, General Electric (GE) 15 according to iVolatility.
May 17, 2015
14:45 EDTMSFTMicrosoft should acquire software translator Xamarin, Barron's says
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