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Stock Market & Financial Investment News

News Breaks
November 6, 2012
12:10 EDTSREV, NYX, ODP, WTW, CVC, AOL, ESRX, ENOC, OMXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as Americans headed to the polls. Stock futures improved during the premarket trading session, leading to a slightly higher open for the broader market. The averages slowly gained upside momentum and eventually punched through for their best gains in a couple of weeks. The domestic economic calendar was quiet and investors may be factoring an end to the presidential election process, along with hope that political leaders will get back to work on the countryís problems, as the catalyst for the buying... ECONOMIC EVENTS: In the U.S., the Job Openings and Labor Turnover survey, or JOLTs report, showed job openings fell 100K to 3.56M in September from 3.66M in August. In Europe, a report showed that the shared currency area's business activity shrank in October at its steepest rate in over three years. In Germany in particular, which is the region's biggest economy, the composite services and manufacturing purchasing managers index came in at 48.4, below the consensus forecast of 49.3, and factory orders for the month of September were weaker than expected as well... COMPANY NEWS: Among companies reporting earning last night and this morning, AOL (AOL), Office Depot (ODP) and OfficeMax (OMX) advanced, while Cablevision (CVC) and NYSE Euronext (NYX) declined... MAJOR MOVERS: Among the notable gainers were EnerNOC (ENOC), up 21% following price target raises at RW Baird and Needham after its Q3 results, and Weight Watchers (WTW), up over 16% after its quarterly earnings beat expectations. Among the noteworthy losers was ServiceSource (SREV), down 35% amid at least three downgrades after the company lowered its revenue growth view for the upcoming quarter and the fiscal year. Also lower were shares of Express Scripts (ESRX), down 13% after saying that it views current consensus estimates for 2013 as "overly aggressive" and disclosing that its Accredo Health unit received a subpoena from the Department of Justice... INDICES: Near noon, the Dow was up 171.63, or 1.31%, to 13,284.07; the Nasdaq was up 21.82, or 0.73%, to 3,021.48; and the S&P 500 was up 14.96, or 1.06%, to 1,432.22.
News For AOL;ODP;OMX;CVC;NYX;ENOC;WTW;SREV;ESRX From The Last 14 Days
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May 12, 2015
07:01 EDTAOLVerizon to acquire AOL for $50 per share, or $4.4B
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May 11, 2015
11:51 EDTAOLCLSA, UBS diverge widely on AOL following Q1 results
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10:17 EDTWTWOptions with decreasing implied volatility
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09:59 EDTAOLOn The Fly: Analyst Downgrade Summary
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08:39 EDTAOLAOL well positioned to capitalize on industry shifts, says UBS
UBS believes AOL is well positioned to capitalize on the shifts to video display advertising, deep brand marketing services on digital properties, and the trend toward programmatic buying in the coming years. UBS reiterated its Buy rating and $50 price target on AOL shares.
07:42 EDTAOL, AOLAOL downgraded to Sell from Underperform at CLSA
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07:40 EDTESRXFocus on Vertex will shift to pricing after Orkambi FDA meeting, WSJ says
An FDA advisory committee that meets Tuesday to decide whether to recommend approval of Vertexís Orkambi will be closely watched by health insurers and pharmacy-benefit managers concerned that the experimental cystic-fibrosis drug will be high-priced, said The Wall Street Journal. Vertex hasnít announced a price, but analyst at JPMorgan predict the drug will have a wholesale price of about $287,000 annually per patient. Publicly traded PBM owners include Catamaran (CTRX), which is being acquired by UnitedHealth (UNH), CVS Health (CVS) and Express Scripts (ESRX). Reference Link
May 8, 2015
16:34 EDTAOLOn The Fly: Top stock stories for Friday
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12:58 EDTAOLOn The Fly: Top stock stories at midday
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10:25 EDTWTWOptions with decreasing implied volatility
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09:28 EDTAOLOn The Fly: Pre-market Movers
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08:49 EDTAOLAOL CEO sees doing 'more and more things' with messaging, social platforms
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08:35 EDTAOLAOL CEO says feels 'very good' about choices when renewing search contract
AOL (AOL) CEO Tim Armstrong says he feels "very good" about where the company is in search and about the options and position the company has heading into its search contract renewal conversations with incumbent Yahoo (YHOO) and others.
08:28 EDTAOLAOL says Q1 results evidence of 'solid progress' on strategies
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08:25 EDTAOLAOL sees Q2 revenue 'bearing brunt' of restructuring efforts
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07:49 EDTODPJPMorgan recommeds long Staples, short Office Depot pair trade
JPMorgan believes Staples (SPLS) is positioned to win whether or not the merger with Office Depot (ODP) receives regulatory approval. Should the deal go through, the potential synergies are "substantial" and should drive higher estimates, JPMorgan says. Should it not, Staples' performance gap over Office Depot will only widen, the firm believes. The firm thinks a long Staples, short Office Depot trade can generate positive returns over time. It keeps a Neutral rating on both stocks.
07:20 EDTAOLAOL CEO says focused on mobile, programmatic ad growth
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07:19 EDTAOLAOL CEO says Huffington Post 'one of the most valuable assets' in media
AOL CEO Tim Armstrong says Huffington Post has grown to have 220M global users and is still "in investing mode," noting that its traffic and revenue are growing. Armstrong is speaking on CNBC.
07:05 EDTAOLAOL reports Q1 domestic average monthly multi-platform unique visitors up 12%
AOL reports domestic AOL subscribers of 2.156M at end Q1, down 11% from prior year and down 3% from the prior quarter. Reports domestic average monthly AOL multi-platform unique visitors of 190M, up 12% from the prior year and down 3% from the prior quarter. Reports domestic average monthly desktop unique visitors to AOL Properties of 107M, down 6% from the prior year and flat with the prior quarter.
07:01 EDTAOLAOL reports Q1 adjusted EPS 34c, consensus 32c
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