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Stock Market & Financial Investment News

News Breaks
April 9, 2012
12:15 EDTITMN, GOLD, AOL, CNC, CALL, MOH, MSFTOn The Fly: Mid-Day Wrap
Stocks on Wall Street were lower at mid-day, in a delayed reaction to Friday's disappointing jobs report. Investors and analysts continue after the long weekend to try to connect the dots to determine whether this report is a sign of a slow down in the economic recovery or if it indicates a pause. The move today is broad based, as all of the S&P sectors are lower and at one point 99% of all the S&P 500 stocks were lower. The averages have shown virtually no improvement since the open and continue to drift. The lack of economic data today has left investors with nothing new to focus on to move past the jobs report... ECONOMIC EVENTS: Domestically, little of note was on the economic calendar, leaving investors to react to the disappointment from the the 120K increase in nonfarm payrolls reported Friday while the equity markets were closed. Internationally, the Nikkei was down and the Hang Seng and the European markets were closed... COMPANY NEWS: AOL (AOL) shares surged over 45% after the company agreed to sell over 800 of its patents to Microsoft (MSFT) for a bit over $1B. Microsoft's stock was down close to 1% near noon following the announcement... MAJOR MOVERS: Among the notable gainers were magicJack (CALL), after it provided guidance above the Street's view and said it will look to increase its stock buyback program, and Randgold (GOLD), after the company said its gold production and 2012 production guidance were not affected by a coup in Mali. Noteworthy losers included Molina Healthcare (MOH) and Centene (CNC), after the state of Ohio did not renew its Medicaid contract with the two companies. Also lower were shares of InterMune (ITMN), following a downgrade to Sector Perform at RBC Capital... INDICES: Near noon, the Dow was down 138.38, or 1.06%, to 12,921.76; the Nasdaq was down 34.41, or 1.12%, to 3,046.09; and the S&P 500 was down 16.86, or 1.21%, to 1,381.22.
News For AOL;MSFT;CALL;GOLD;MOH;CNC;ITMN From The Last 14 Days
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November 18, 2014
06:10 EDTMSFTMicrosoft, Real Madrid to announce 'significant' partnership, Re/code reports
Microsoft is expected to today announce a "significant" tie-up with Real Madrid, a Spanish soccer team, Re/code reports. The partnership is likely to be a technology and sponsorship deal. Reference Link
05:49 EDTMSFTStocks with implied volatility movement; MSFT UNG
Stocks with implied volatility movement; Microsoft (MSFT) 19, United States Natural Gas Fund (UNG) 57 according to iVolatility.
November 17, 2014
12:02 EDTMSFTSAP names new Chief Digital Officer, Chief Marketing Officer
SAP (SAP) announced that Jonathan Becher has been appointed as the company's first Chief Digital Officer to lead the company's new digital business unit with immediate effect. SAP has appointed Maggie Chan Jones as Chief Marketing Officer. Jones, who will join SAP from Level 3 Communications (LVLT), spent seven years at Microsoft (MSFT). She has extensive cloud experience having successfully navigated Microsoft's transition from on premise to a cloud business.
06:23 EDTMSFTFacebook working on 'Facebook at Work' website, FT reports
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November 16, 2014
17:28 EDTCALLHedge fund manager Tilson sticks with magicJack bet, Bloomberg says
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November 14, 2014
09:38 EDTMSFTActive equity options trading
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09:18 EDTMSFTTyler Technologies signs contract with Ohio Police and Fire Pension Fund
Tyler Technologies (TYL) has signed a contract with the Ohio Police and Fire Pension Fund to implement Microsoft Dynamics AX, an enterprise resource planning solution with public sector functionality that Tyler Technologies jointly developed with Microsoft (MSFT). The contract includes related professional services, licensing, training and support.
09:05 EDTMSFTNPD says U.S. video game sales down 27% in October, Bloomberg reports
U.S. retail sales of video-game hardware and software in October were nearly flat compared to the same month of last year at $790.7M, according to NPD Group, which noted that game sales fell 27% and hardware sales increased 59%, reported Bloomberg. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Game console makers include Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOY). Reference Link
November 13, 2014
11:52 EDTMSFTMicrosoft confirms acquisition of security company Aorato
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10:01 EDTCNCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ATK (ATK) downgraded to Hold from Buy at Argus... Adeptus Health (ADPT) downgraded to Hold from Buy at Deutsche Bank... American Woodmark (AMWD) downgraded to Neutral from Buy at Longbow... Avnet (AVT) downgraded to Sell from Neutral at Goldman... Baxano Surgical (BAXS) downgraded to Sell from Buy at Summer Street... Beazer Homes (BZH) downgraded to Neutral from Overweight at JPMorgan... Bristol-Myers (BMY) downgraded to Equal Weight from Overweight at Morgan Stanley... Centene (CNC) downgraded to Market Perform from Outperform at FBR Capital... Cherry Hill Mortgage (CHMI) downgraded to Equal Weight from Overweight at Barclays... Discover (DFS) downgraded to Hold from Buy at Deutsche Bank... Fleetmatics (FLTX) downgraded to Neutral from Buy at BofA/Merrill... Gazprom (OGZPY) downgraded to Neutral from Overweight at JPMorgan... Jabil Circuit (JBL) downgraded to Neutral from Buy at Goldman... LabCorp (LH) downgraded to Hold from Buy at Deutsche Bank... Laredo Petroleum (LPI) downgraded at BMO Capital... Macy's (M) downgraded to Market Perform from Outperform at Wells Fargo... Madison Square Garden (MSG) downgraded to Equal Weight from Overweight at Morgan Stanley... Marvell (MRVL) downgraded to Sell from Neutral at Goldman... Meritor (MTOR) downgraded to Neutral from Overweight at Piper Jaffray... Swedbank (SWDBY) downgraded to Underperform from Sector Perform at RBC Capital... TransGlobe (TGA) downgraded to Sector Perform from Outperform at Scotia Capital... UIL Holdings (UIL) downgraded to Hold from Buy at Argus... Verint Systems (VRNT) downgraded to Fair Value from Buy at CRT Capital... ZAIS Financial (ZFC) downgraded to Equal Weight from Overweight at Barclays.
07:29 EDTMSFTMicrosoft to buy Aorato for about $200M, sources say, WSJ reports
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06:45 EDTMSFTMicrosoft Xbox sales tripled since price cut, CNet reports
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06:29 EDTCNCCentene downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Centene to Market Perform citing valuation following the recent rally in shares.
06:20 EDTMSFTAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
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November 12, 2014
17:22 EDTMSFTMicrosoft says will have sold 10M Xbox One consoles 'shortly'
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08:58 EDTMOH, CNCManaged Care earnings risk low from King vs. Burwell, says Leerink
Leerink believes the Supreme Court decision to the King vs. Burwell case carries low earnings risk for Managed Care companies. The case to determine the legality of Exchange subsidies administered by the Federal Government carries less than 2% and 3% of earnings risk for 2014 and 2015 estimates, respectively, Leerink believes. The firm says Humana (HUM) and Cigna (CI) are currently losing money on Exchanges, and thus could benefit from any Federal Exchange membership loss. Leerink lists Aetna (AET), Centene (CNC), WellPoint (WLP) and Molina Healthcare (MOH) as being most impacted.
08:02 EDTCNCCredit Suisse to hold a conference
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07:58 EDTMSFTMicrosoft to hold a conference
Developer Conference is being held in New York on November 12-13 with webcasted discussions will begin on November 12 at 10 am. Reference Link
07:48 EDTMSFTWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
06:00 EDTAOLYahoo investors met with AOL CEO to push merger, Reuters reports
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