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Stock Market & Financial Investment News

News Breaks
April 27, 2012
12:19 EDTDECK, MDRX, BAYRY, WCRX, JAZZ, CVH, SIMO, MXWL, CERN, CRAY, EXPE, SBUX, F, MRK, CVX, PG, AMZNOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, in spite of Spain's ratings being cut by S&P and a U.S. GDP reading that disappointed. Each of the major indices is higher, with the Nasdaq the leader. The averages have moved in a narrow range since the open as market participants digest all the earnings and economic news that was delivered this week. Earnings have come in better than expected, which has led the averages to rebound and stand ready for a positive close for the week. The economic data remains mixed, as housing and labor continue to limp along but consumer confidence is showing an uptick. For now earnings have trumped macro data, leading to a move higher for equities... 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 14% on the heels of upgrades from Goldman, Merrill Lynch, Nomura and Sun Trust on its strong results... The three Dow components reporting earnings, Chevron (CVX), Merck (MRK) and Procter & Gamble (PG), all declined in spite of the fact that each beat consensus earnings expectations. P&G was the Dow's worst performer, sliding 3.5%, after lowering its outlook for next quarter... Among the many other companies reporting earnings, advancers included Expedia (EXPE), Cray (CRAY) and Cerner (CERN); decliners included Maxwell (MXWL), Silicon Motion (SIMO) and Coventry Health (CVH)... MAJOR MOVERS: Among the notable gainers were Jazz Pharmaceuticals (JAZZ), up over 15%, after announcing plans to acquire EUSA Pharma for $650M, and Warner Chilcott (WCRX), up 9%, after the Times of London said that Bayer (BAYRY) may offer $32 per share for the company. Noteworthy losers included Allscripts (MDRX), down 41%, following downgrades by at least eight firms after its earnings and guidance severely missed consensus and the company reported the ouster of its board chairman, three other board members and its CFO, and Deckers Outdoor (DECK), down more than 25%, after lowering its full year sales and profit outlook... INDICES: Near noon, the Dow was up 30.92, or 0.23%, to 13,235.54; the Nasdaq was up 14.12, or 0.46%, to 3,064.73; and the S&P 500 was up 2.31, or 0.17%, to 1,402.29.
News For AMZN;PG;CVX;MRK;F;SBUX;EXPE;CRAY;CERN;MXWL;SIMO;CVH;JAZZ;WCRX;BAYRY;MDRX;DECK From The Last 14 Days
Check below for free stories on AMZN;PG;CVX;MRK;F;SBUX;EXPE;CRAY;CERN;MXWL;SIMO;CVH;JAZZ;WCRX;BAYRY;MDRX;DECK the last two weeks.
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August 14, 2014
08:48 EDTAMZNAmazon.com plans fifth California fulfillment center in Redlands
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07:33 EDTMDRXAllscripts sell-off creates attractive entry point, says Jefferies
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06:35 EDTMDRXAllscripts volatility flat on wide price movement
Allscripts September call option implied volatility is at 32, December is at 33; compared to its 26-week average of 32 according to Track Data, suggesting non-directional price movement.
August 13, 2014
18:02 EDTMRKMerck provides statement on role of PNEUMOVAX 23 in updated ACIP recommendations
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16:52 EDTMRKMerck confirms FDA approval of BELSOMRA
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16:19 EDTAMZNOn The Fly: Closing Wrap
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16:16 EDTFFord initiated with a Neutral at Credit Suisse
Target $18.15.
16:11 EDTMDRXAllscripts expands partnership with Clinical Architecture
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16:00 EDTAMZNOptions Update; August 13, 2014
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15:30 EDTMRKFDA approves Belsomra sleep drug
The Food and Drug Administration approved Belsomra tablets for use as needed to treat difficulty in falling and staying asleep. Belsomra is an orexin receptor antagonist and is the first approved drug of this type. Belsomra will be dispensed with an FDA-approved patient Medication Guide that provides instructions for its use and important safety information. Belsomra is a controlled substance because it can be abused or lead to dependence. Belsomra is made by Merck, Sharpe & Dohme.
11:41 EDTAMZNAmazon payment move complements e-commerce platform, says RW Baird
Baird said Amazon's (AMZN) launch of the "Local Register" payment and card reader system is not a surprise after the company's acquisition of assets from GoPago and that the move is complementary to Amazon's e-commerce platform. Baird said Amazon's system will compete with Square and eBay's (EBAY) payment product "Here" and added that it expects Google (GOOG) and Apple (AAPL) to expand their existing payment initiatives. The firm maintains its Outperform rating and $400 price target on Amazon.com.
10:42 EDTAMZNAmazon.com rises after announcing Local Register, levels to watch
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09:55 EDTAMZNAmazon.com July SSS acceleration positive, but early, says Piper Jaffray
Piper Jaffray views ChannelAdvisor's reported July Amazon same-store-sales growth of 40.4% as positive, but notes itís early in the quarter and that ChannelAdvisor data is less helpful after the discrepancy in the June quarter. Piper notes ChannelAdvisor pegged Amazon's June quarter SSS acceleration at 900 basis points while Amazon reported flat North American growth. It has an Overweight rating on the stock.
09:37 EDTAMZNActive equity options trading on open
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08:16 EDTFFord upgraded at Stifel
As previously reported, Stifel upgraded Ford to Buy from Hold. Thea analyst upgraded shares based on better than expected year-to-date trends, commentary that indicate the F-150 launch is on track, higher than expected Q2 North American margins, and a portfolio refresh cycle. Price target is $22.
06:59 EDTFFord upgraded to Buy from Hold at Stifel
06:31 EDTAMZNAmazon.com coverage resumed with a Hold at Stifel
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06:23 EDTAMZNAmazon.com could sell 1M-2M phones in first year, says Piper Jaffray
Piper Jaffray estimates Amazon.com could sell 1M-2M Fire phones in the first twelve months, adding the product will not have an impact on the company's financials. After testing the phone, Piper says the Fire is a "quality phone but lacks uniqueness or price needed to attract measurable market share." It expects the phone to quickly improve and keeps an Overweight rating on the stock.
06:08 EDTAMZNChannelAdvisor reports Amazon July SSS up 40.4%, eBay up 9.7%
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05:32 EDTAMZNAmazon.com announces credit card reader Amazon Local Register
Amazon.com announced Amazon Local Register, what it calls a "secure card reader and mobile app that provides local businesses with the tools they need to quickly and easily accept credit and debit cards from a smartphone or tablet and keep track of their growing business." It added that customers who sign up for Amazon Local Register before October 31 will also receive a promotional rate of 1.75% per card swipe on all major credit and debit cards until January 1, 2016.
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