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News Breaks | | | | November 6, 2012 | | 12:10 EDT |  | WTW, CVC, AOL, ESRX, ENOC, OMX, SREV, NYX, ODP | On 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 country’s 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. | |
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News For AOL;ODP;OMX;CVC;NYX;ENOC;WTW;SREV;ESRX From The Last 14 Days Check below for free stories on AOL;ODP;OMX;CVC;NYX;ENOC;WTW;SREV;ESRX the last two weeks. |
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| May 24, 2013 | | 07:56 EDT |  | CVC | Police called to Cablevision annual meeting, WSJ reports
 Subscribe for More Information | | | May 22, 2013 | | 10:18 EDT |  | ESRX | Express Scripts management to meet with Leerink
Subscribe for More Information | | | 07:29 EDT | | CVC | Xbox won't hurt pay TV companies in near-term, AllThingsD says
Subscribe for More Information | | | May 21, 2013 | | 06:52 EDT | | CVC | Video on demand from cable companies becoming more popular, NY Times says
Subscribe for More Information | | | May 19, 2013 | | 12:44 EDT | | AOL | AOL's Patch gets new CEO, trims staff, AllThingsD says
Subscribe for More Information | | | May 17, 2013 | | 10:42 EDT | | ESRX | Leerink's healthcare technology & distribution analyst holds a conference call
Subscribe for More Information | | | 05:51 EDT | | NYX | Regulators target exchanges, WSJ reports
Subscribe for More Information | | | May 15, 2013 | | 16:08 EDT |  | AOL | Google sites lead U.S. April searches with 66.5% of searches, comScore says
Subscribe for More Information | | | 10:13 EDT |  | NYX | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 06:06 EDT | | NYX | NYSE Euronext downgraded to Equal Weight from Overweight at Barclays
Subscribe for More Information | | | | May 13, 2013 | | 10:09 EDT |  | ESRX | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 07:19 EDT | | SREV | JMP Securities to host a conference
Subscribe for More Information | | | 05:52 EDT | | ESRX | Express Scripts upgraded to Buy from Hold at Jefferies
Subscribe for More Information | | | May 10, 2013 | | 10:00 EDT | | CVC | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 10:00 EDT |  | SREV | ServiceSource rises 17.3%
ServiceSource is up 17.3%, or 97c, to $6.59 | | | 08:42 EDT |  | SREV | ServiceSource price target raised to $12 from $10 at JMP Securities
JMP Securities increased its price target on ServiceSource after the company reported stronger than expected Q1 results. The firm expects the company's multiple to increase as it transitions from a fully managed service offering to a software-as-a-service technology platform. The firm keeps an Outperform rating on the shares. | | | 05:50 EDT | | CVC | Cablevision downgraded to Neutral from Buy at Citigroup
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