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Stock Market & Financial Investment News

News Breaks
April 11, 2014
12:42 EDTAPOG, ACM, MPO, SLGN, SYMC, SDRL, GPS, EQR, ELLI, GLW, BBBY, ABBOn The Fly: Analyst Downgrade Summary
Apogee Enterprises (APOG) downgraded to Buy from Conviction Buy at Goldman... Bed Bath & Beyond (BBBY) downgraded to Neutral from Buy at Citigroup... Corning (GLW) downgraded to Neutral from Buy at UBS... Ellie Mae (ELLI) downgraded to Market Perform from Outperform at FBR Capital... Equity Residential (EQR) downgraded to Underperform from Hold at Jefferies... Gap (GPS) downgraded to Neutral from Buy at Janney Capital... Seadrill (SDRL) downgraded to Neutral from Outperform at Credit Suisse... Symantec (SYMC) downgraded to Equalweight from Overweight at Barclays... Silgan Holdings (SLGN) downgraded to Market Perform from Outperform at Wells Fargo... Midstates Petroleum (MPO) downgraded to Hold from Accumulate at Tudor Pickering... AECOM Technology (ACM) downgraded to Neutral from Buy at DA Davidson... ABB (ABB) downgraded to Neutral from Outperform at RW Baird.
News For APOG;BBBY;GLW;ELLI;EQR;GPS;SDRL;SYMC;SLGN;MPO;ACM;ABB From The Last 14 Days
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October 9, 2014
07:41 EDTGPSGap long-term buy thesis remains intact, says UBS
UBS said the long-term buy thesis for Gap remains intact following its disappointing Q3 results and CEO change. The firm expects the CEO transition to be smooth with no meaningful changes in strategy. UBS lowered its second half estimates for Gap and lowered its price target on the stock to $48 from $50, but maintains its Buy rating on the shares.
07:33 EDTGPSGap volatility elevated into the retirement of CEO Glenn Murphy
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07:16 EDTGPSGap CEO change positive, says Stifel
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06:40 EDTSYMCSource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
06:11 EDTGPSGap downgraded to Neutral from Buy at Janney Capital
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05:48 EDTGPSGap downgraded to Neutral from Buy at Sterne Agee
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05:38 EDTGPSGap downgraded to Market Perform from Outperform at Wells Fargo
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October 8, 2014
18:31 EDTGPSOn The Fly: After Hours Movers
UP AFTER EARNINGS: Ruby Tuesday (RT), up 19.6%... Exar (EXAR), up 13.7% after reporting second quarter revenue guidance... Alcoa (AA), up 2.2%. ALSO HIGHER: Nuance (NUAN), up 2.5% following rumors that Carl Icahn will recommend that Apple (AAPL) buy the company... GrubHub (GRUB), up just under 1% after being initiated with a Buy at CRT Capital. DOWN AFTER EARNINGS: Kofax (KFX), down 20.1% after reporting first quarter revenue and fiscal 2015 revenue guidance below analyst estimates... ARC Group (ARCW), down 17%... E2open (EOPN), down 8.9%. ALSO LOWER: Gap (GPS), down 7.6% following September same store sales data and CEO transition... AMD (AMD), down 7% after announcing CEO transition.
16:50 EDTGPSGap CEO Glenn Murphy says board planned CEO succession
Gap's outgoing chairman and CEO Glenn Murphy stated that the CEO transition to Art Peck was planned in advance and was a part of the company's growth plan. Murphy stated that the board asked him to stay but he is not able to make a personal commitment to be at the company to execute long-term plans. Murphy says he will work closely with Peck during the transition period. Comments made during CEO transition conference call.
16:08 EDTGPSGap trades sharply lower in the extended session
The stock is down over 8% to $38.49 in the after hours market. At that price next support is at $37.25. Resistance is at $39.48.
16:05 EDTGPSGap reports September net sales up 1% vs. last year
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16:03 EDTGPSGap names Art Peck to succeed Glenn Murphy as CEO
Gap Inc. announced that Art Peck, the president of its Growth, Innovation and Digital division, has been selected by the board to succeed Glenn Murphy as the company’s next CEO, effective February 1, 2015. Murphy made the personal decision to retire from the company at the end of the fiscal year, allowing for a smooth leadership transition. Peck joined the company in 2005. As part of the transition, Bob Fisher will become non-executive Chairman of the board, and Peck will join the board, effective February 1, 2015.
16:01 EDTGPSGap names Art Peck to succeed Glenn Murphy as CEO
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10:38 EDTACMHigh option volume stocks
High option volume stocks: FRAN RMTI ACM CY CLNY SMH BEAV SIG CTB DUG SHLD
09:20 EDTSYMCOn The Fly: Pre-market Movers
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07:27 EDTSYMCSymantec volatility flat, in advanced talks to split company in two, report
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07:03 EDTACMAECOM awarded contract for Newtown Creek renewable natural gas project
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05:46 EDTSYMCSymantec in advanced talks to split company in two, Bloomberg reports
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October 7, 2014
10:57 EDTBBBYBed Bath and Beyond calls active on renewed activist investor speculation
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10:43 EDTBBBYRumor: Bed Bath & Beyond moves up on renewed activist investor speculation
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