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Stock Market & Financial Investment News

News Breaks
August 30, 2013
12:24 EDTAPA, CRM, SPLK, AAMRQ, LCC, KKD, OVTIOn 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 July’s reading of 85.1. In Asia, Japan’s 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
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September 16, 2014
13:59 EDTAPAApache looking to raise up to $840M for Alberta assets, The Globe and Mail says
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September 15, 2014
16:32 EDTCRMSalesforce.com assumed with an Outperform at RBC Capital
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07:24 EDTCRMTech leaders concede need to address privacy, security concerns, FT says
Prominent start-up investor and Facebook (FB) director Peter Thiel said a "crescendo of concern is building up in Europe" about the U.S. tech industry's record on online privacy and security, which Silicon Valley is underestimating "badly,” though Google (GOOG) chairman Eric Schmidt tech companies "are way sensitive" to the concerns, reported Financial Times. The same report noted that Brad Smith, general counsel of Microsoft (MSFT), said some in the industry have "underestimated the degree to which people care about privacy,” while Salesforce.com (CRM) CEO Marc Benioff said consumer Internet companies have “paid a terrible price” for imposing a U.S.-centric view of their technology. Reference Link
06:23 EDTCRMCisco says Salesforce.com CEO Benioff to step down from board
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September 11, 2014
08:44 EDTKKDKrispy Kreme sales, margins should improve in 2H14, says Roth Capital
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September 10, 2014
09:22 EDTKKDOn The Fly: Pre-market Movers
HIGHER: Twitter (TWTR), up 2.8% after upgraded at UBS... SunEdison (SUNE), up 2.7% after Google (GOOG) to provide $145M investment in the company's Regulus solar plant... Camtek (CAMT), up 15% after receiving new orders of $3.0M from large OSAT... Doral Financial (DRL), up 12.5% after announcing sale of approximately $430M in assets... Imperva (IMPV), up 1.5% after upgraded at Oppenheimer... Mandalay Digital (MNDL), up 13.7% after updating its guidance. UP AFTER EARNINGS: Land's End (LE), up 8.7%... Palo Alto (PANW), up 4.4%. LOWER: eBay (eBAY), down 2.6% after downgraded at Piper Jaffray following yesterday's launch of Apple Pay (AAPL)... Mobileye (MBLY), down 2.5% after downgraded at Deutsche Bank... Krispy Kreme (KKD), down 2% after Q2 earnings report... GT Advanced (GTAT), down 7% after downgraded at Goldman and Piper Jaffray... Boyd Gaming (BYD), down 3.3% after downgraded at Morgan Stanley... Urban Outfitters (URBN), down 2% after reporting Q3 SSS were so far in the low single-digits negative... Armada Hoffler (AHH), down 6% after filing to sell 5M shares of common stock... AvalonBay (AVB), down 1.8% after to sell 4.5M shares in a forward sales agreement with Goldman... AngloGold (AU), down 12% after announcing plans to restructure its international mining under a new company and saying equity capital raising being contemplated.
09:06 EDTAPAEgypt signs two oil exploration deals with Apache, Reuters reports
Egypt's state news agency MENA reported that the country signed two oil exploration deals worth at least $44M with Apache, reported Reuters. Reference Link
05:38 EDTCRMSalesforce.com signs agreement to establish data center in France
Salesforce.com (CRM) announced that it has signed an agreement to establish a new European Data Centre in France, selecting Interxion (INXN) as its service provider. The new data centre in France is one of three planned for Europe and will support the company's growing base of customers across the region. Salesforce.com's European Data Centre in France will be powered 100% by renewable energy sources.
September 9, 2014
18:31 EDTKKDOn The Fly: After Hours Movers
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16:14 EDTKKDKrispy Kreme down 7% following Q2 results, guidance
16:10 EDTKKDKrispy Kreme backs FY15 adjusted EPS view 69c-74c, consensus 73c
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16:09 EDTKKDKrispy Kreme reports Q2 adjusted EPS 13c, consensus 16c
Reports Q2 revenue $120.5M, consensus $118.13M. Systemwide domestic same store sales rose 2.8%, including a 1.1% gain at company shops; constant currency international franchise same store sales declined 2.4%. Systemwide store count rose 3.4% in the quarter - 6.8% year-to-date, to 884 company and franchise shops worldwide.
15:34 EDTKKDKrispy Kreme September 18 straddle priced for 10% move into Q2
15:30 EDTKKDNotable companies reporting after market close
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11:30 EDTCRMSalesforce.com issues security alert on Dyre malware
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September 8, 2014
08:16 EDTSPLKBarclays software analyst holds an analyst/industry conference call
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08:10 EDTCRMSalesforce.com allocates $100M to venture capital fund for app builders
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September 5, 2014
10:50 EDTOVTI, SPLKOptions with decreasing implied volatility
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10:17 EDTKKDKrispy Kreme September volatility elevated into Q2 and guidance
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07:17 EDTCRMSalesforce.com management to meet with UBS
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