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Stock Market & Financial Investment News

News Breaks
August 30, 2013
12:24 EDTOVTI, AAMRQ, APA, KKD, SPLK, LCC, CRMOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday as the worst month for the market in some time looks set to have a fitting last day of trading. Investors received data on personal spending, a regional business barometer and a final confidence reading for the month, but given the risks of a possible weekend military action in Syria investors did not appear ready to add to their stock exposure ahead of the long holiday weekend. The Nasdaq, which was within striking distance of ending the week in positive territory early in the session, has dropped along with the other averages, making it look as if it will suffer its fourth consecutive weekly decline. ECONOMIC EVENTS: In the U.S., consumer spending rose less than forecast in July as income growth slowed. Personal income in the month rose 0.1%, versus the expected increase of 0.2%, while personal spending rose 0.1%, versus an expected 0.3% increase. The Chicago ISM rose 0.7 points to 53.0 in August, matching the forecast of analysts. The final August reading of the University of Michigan Consumer Sentiment survey was revised up to 82.1, which was higher than the preliminary August estimate of 80.0, but lower than Julyís reading of 85.1. In Asia, Japanís consumer prices increased at the fastest pace since 2008 in July, a sign Prime Minister Shinzo Abe's steps to pull the nation's economy out of 15 years of deflation have made progress. COMPANY NEWS: Shares of energy explorer Apache (APA) rose after the company announced a deal to sell a 33% stake in its Egyptian business to China's Sinopec for $3.1B in cash. A number of analysts reacted positively to the news and Apache's stock advanced about 7% near noon... A judge sided with US Airways (LCC) and American Airlines parent AMR Corp. (AAMRQ) and set a November date for a trial to rule on the Department of Justice's challenge to the airlines' proposed merger. Shares of US Air rose 4% and AMR shares were up nearly 9% following the ruling. MAJOR MOVERS: Among the notable gainers was enterprise cloud computing provider Salesforce.com (CRM), which rose 14% after the company beat second quarter estimates and raised its full year 2014 outlook. Also higher following its earning report was another tech name, Splunk (SPLK), which was upgraded at FBR Capital and gained 11%. Among the noteworthy losers was image-sensor devices company OmniVision Technologies (OVTI), which fell over 15% after the company's first quarter revenue fell shy of consensus estimates and it issued disappointing guidance. Also lower following its earnings report was donut maker Krispy Kreme (KKD), which saw its stock drop 14%. INDEXES: Near noon, the Dow was down 39.84, or 0.27%, to 14,801.11; the Nasdaq was down 24.24, or 0.67%, to 3,596.06; and the S&P 500 was down 4.55, or 0.28%, to 1,633.62.
News For APA;CRM;SPLK;AAMRQ;LCC;KKD;OVTI From The Last 14 Days
Check below for free stories on APA;CRM;SPLK;AAMRQ;LCC;KKD;OVTI the last two weeks.
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April 17, 2014
09:59 EDTSPLKOn The Fly: Analyst Upgrade Summary
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09:04 EDTSPLK, SPLKSplunk upgraded to Buy from Outperform at CLSA
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April 11, 2014
09:14 EDTAAMRQCRT Capital's analyst holds an analyst/industry conference call
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08:49 EDTCRMBoston Properties signs 714,000 square foot lease with Salesforce.com
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April 10, 2014
09:32 EDTKKDKrispy Kreme weakness creates buying opportunity, says Roth Capital
Roth Capital expects Krispy Kreme to benefit from store expansion and increased store margins. The firm expects the company's EPs to grow at an average rate of 25%.
09:01 EDTCRMSalesforce.com should be bought ahead of results, says Pacific Crest
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April 9, 2014
10:06 EDTAPAOn The Fly: Analyst Downgrade Summary
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06:55 EDTAPAApache downgraded to Hold from Buy at Deutsche Bank
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06:01 EDTAPAApache downgraded to Hold from Buy at Deutsche Bank
April 8, 2014
12:53 EDTSPLKSplunk volatility increases as shares trend to four-month low
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11:22 EDTSPLKOptions with increasing implied volatility: CYTK NSR NOW ETFC SPLK
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11:12 EDTCRMFirm recommends buying tech stocks after declines
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10:28 EDTSPLKHigh option volume stocks: GIMO SOCL SPLK NOK CSOD
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08:18 EDTCRMDeclines in high growth IT stocks create opportunities, says Pacific Crest
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April 7, 2014
10:10 EDTSPLK, CRMAnalyst sees 'golden' opportunity after software stocks decline
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08:49 EDTCRM, SPLKFBR sees 'golden buying opportunity' in enterprise software
FBR Capital says a "'golden buying opportunity" exists in the enterprise software space following the recent sell-off of high-growth names. The firm believes overall software results in Q1 tracked in line to slightly ahead of expectations. It recommends buying Splunk (SPLK), Salesforce.com (CRM), Workday (WDAY), FireEye (FEYE), NetSuite (N) and Palo Alto (PANW) on the recent pullbacks.

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