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Stock Market & Financial Investment News

News Breaks
November 7, 2012
16:52 EDTPLXS, AAPL, ANR, BA, QLTY, VHC, HMA, JNPR, PKT, BTU, THCOn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower on the day, after last night's re-election of Barack Obama lead to an early sell-off that did not let up. After receiving clarity on the White House, attention on the Street turned to the looming fiscal cliff. An intra-day announcement by Boeing (BA) of cuts to its defense division heightened fears that a deal would not be reached by legislators before the scheduled budget cuts take effect... ECONOMIC EVENTS: In the U.S., President Obama was re-elected and Congress remains split, with Republicans keeping control of the House of Representatives and Democrats maintaining their majority in the Senate. House Speaker John Boehner stated in a speech late in the day that Republicans are “willing to accept new revenue” to reach a compromise that averts the approaching fiscal cliff. U.S. consumer credit climbed $11.4B in September, a slightly higher number than was expected. In Europe, the European Commission lowered its 2013 growth forecast for the region's economy to 0.1% from a prior call for 1% growth. Also, German industrial production fell 1.8% in September from the prior month, which was worse than forecast... COMPANY NEWS: Boeing announced that it will cut executive positions in its Defense, Space & Security unit, and a report said it also plans to close facilities and restructure several business units. Shares of Boeing were down $1.47, or 2.05%, to $70.11... Following the re-election of President Obama, hospital stocks were among the few stocks that advanced on the day, notably shares of Tenet Healthcare (THC), up $2.39, or 9.58%, to $27.34 and Health Management Associates (HMA), up 56c, or 7.25%, to $8.28... Amongst the broader market slide, coal stocks Alpha Natural Resources (ANR) and Peabody Energy (BTU) both fell sharply after enjoying a run-up through October heading into the election... MAJOR MOVERS: Among the notable gainers was VirnetX (VHC), up $7.32, or 27.84%, to $33.61 after a jury awarded the company over $368M in a patent verdict against Apple (AAPL). Also trading higher were shares of Procera Networks (PKT), up $2.95, or 14.54%, to $23.24, after the company's Q3 earnings beat consensus estimates and the company reiterated its FY12 revenue view. Among noteworthy losers was Quality Distribution (QLTY), down $2.92, or 33.95%, to $5.68 after the company's Q3 earnings missed consensus estimates and the stock was downgraded at SunTrust and JPMorgan. Also lower were shares of Plexus (PLXS), down $7.45, or 26.65%, to $20.51 after the company announced Juniper (JNPR) had dropped it as a supplier... INDICES: The Dow lost 312.95, or 2.36%, to 12,932.73; the Nasdaq fell 74.64, or 2.48%, to 2,937.29; and the S&P 500 dropped 33.86, or 2.37%, to 1,394.53.
News For BA;THC;HMA;ANR;BTU;VHC;AAPL;PKT;QLTY;PLXS;JNPR From The Last 14 Days
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June 24, 2015
07:45 EDTAAPLSharp asking suppliers to cut prices for LCD parts, WSJ says
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07:32 EDTBANew Boeing CEO Muilenburg to inherit tough decisions, Bloomberg says
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06:12 EDTAAPLiPhone 6 resale value suggests strong demand, says Piper Jaffray
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06:00 EDTAAPLGoogle held 29 high-level meetings in Brussels in 6 months, Financial Times says
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05:57 EDTTHCStocks with implied volatility above IV index mean; XOMA THC
Stocks with implied volatility above IV index mean; XOMA (XOMA) 169, Tenet (THC) 51 according to iVolatility.
June 23, 2015
19:03 EDTBAOn The Fly: After Hours Movers
UP AFTER PROVIDING GUIDANCE: MeetMe (MEET), up 18.8%. ALSO HIGHER: Nektar Therapeutics (NKTR), up 4.3% after being added to S&P 600... Quidel (QDEL), up 5% after receiving FDA clearance for new Solana molecular system and assay... Vanda Pharmaceuticals (VNDA), up 4.6% after announcing positive results from REPRIEVE study... Netflix (NFLX), up 3.4% after announcing seven-for-one stock split. LOWER: Alcobra (ADHD), down 2.5% after announcing that it will host a conference call and simultaneous webcast presentation to present results from the Phase II clinical trial of MDX... Sysco (SYY), down 2.6% after bid for U.S. foods blocked was blocked by a federal judge... Boeing (BA), down marginally after announcing CEO transition.
18:27 EDTAAPLLiquidmetal, Apple extend intellectual property agreement
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18:00 EDTBTUS&P announces changes to the S&P 400, 500, 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: Columbia Pipeline Group (CPGX) will replace Allegheny Technologies (ATI) in the S&P 500, Allegheny Technologies will replace Unit Corp. (UNT) in the S&P MidCap 400, and Unit Corp. will replace PetroQuest Energy (PQ) in the S&P SmallCap 600 after the close of trading on Wednesday, July 1. S&P 500 constituent NiSource (NI) is spinning off Columbia Pipeline Group in a transaction expected to be completed on that date. NiSource will remain in the S&P 500 following the distribution. Allegheny Technologies, Unit and PetroQuest are all ranked near or at the bottom of their current indices. S&P SmallCap 600 constituent Casey’s General Stores (CASY) will replace AOL (AOL) in the S&P MidCap 400, and Nektar Therapeutics (NKTR) will replace Casey’s General Stores in the S&P SmallCap 600 after the close of trading on Thursday, June 25. S&P 100 & 500 constituent Verizon (VZ) acquired AOL in a transaction completed today. TopBuild (BLD) will replace Aéropostale (ARO) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent Masco (MAS) is spinning off TopBuild in a transaction expected to be completed on that date. Masco will remain in the S&P 500 following the distribution. Aéropostale is ranked near the bottom of the S&P SmallCap 600. “New” Gannett Co. (GCI) will replace Quiksilver (ZQK) in the S&P SmallCap 600 after the close of trading on Friday, June 26. S&P 500 constituent Gannett Co. (GCI) is spinning off “new” Gannett Co. in a transaction expected to be completed on that date. Post spin, the parent company will change its name to TEGNA. and trade under the symbol “TGNA”. It will remain in the S&P 500 following the distribution. Quiksilver is ranked near the bottom of the S&P SmallCap 600. Cable ONE Inc. (CABO) will replace Peabody Energy (BTU) in the S&P MidCap 400 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Graham Holdings Company (GHC) is spinning off CableOne in a transaction expected to be completed on that date. Graham Holdings will remain in the S&P MidCap 400 following the distribution. Peabody Energy is ranked near the bottom of the S&P MidCap 400. The Chemours Co. (CC) will replace Semtech Corp. (SMTC) in the S&P MidCap 400, and Semtech will replace Paragon Offshore (PGN) in the S&P SmallCap 600 after the close of trading on Tuesday June 30. S&P 100 & 500 constituent E. I. du Pont de Nemours and Co. (DD) is spinning off Chemours in a transaction expected to be completed on that date. Dupont will remain in the S&P 100 & 500 following the distribution. Semtech and Paragon Offshore are ranked near or at the bottom of their current indices. “New “ Energizer Holdings (ENR) will replace Harsco (HSC) in the S&P MidCap 400, and Harsco will replace FXCM (FXCM) in the SmallCap 600 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Energizer (ENR) is spinning off “new” Energizer in a transaction expected to be completed on that date. Post spin, the parent company will change its name to Edgewell Personal Care Co. and trade under the symbol “EPC”. It will remain in the S&P MidCap 400 following the distribution. Harsco and FXCM are ranked near or at the bottom of their current indices.
17:40 EDTBABoeing incoming CEO Muilenburg says must deliver on 777 bridge program
Regarding the appointment of Dennis Muilenburg as Boeing CEO, outgoing CEO James McNerney says, "in many ways, there's not going to be a change." Muilenburg noted that the current defense market is more "challenging," and that the company needs to deliver on its 777 bridge program. Muilenburg added that the company's backlog remains "solid." Both executives are speaking on CNBC.
17:25 EDTBTUCable ONE Inc. to replace Peabody in S&P 400 as of 6/30 close
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16:32 EDTBABoeing names Dennis Muilenburg CEO
The Boeing board has elected Dennis Muilenburg as the company's CEO, succeeding W. James McNerney, Jr., who held the position for the past 10 years. Muilenburg, who has served as Boeing president and COO since 2013, becomes president and CEO on July 1. McNerney, who joined Boeing's board in 2001, continues as its chairman. To ensure a smooth transition of his CEO responsibilities to Muilenburg, he will continue working as a company employee until retiring at the end of February 2016.
16:00 EDTAAPL, BTUOptions Update; June 23, 2015
iPath S&P 500 VIX Short-Term Futures down 46c to 17. Option volume leaders: AAPL FB AAPL T BAC MU BTU WMB AMZN TWTR BBRY
13:15 EDTBABoeing sued over claims of toxic airplane cabin air, Chicago Tribune says
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12:54 EDTAAPLPC concerns weighing on shares of Seagate, Western Digital
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09:36 EDTAAPLActive equity options trading on open
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09:00 EDTAAPLTelus, BCE, Rogers to roll out mobile payments app, Bloomberg reports
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08:04 EDTAAPLApple Watch launch buzz lagging behind other devices, says Bernstein
After analyzing Internet search data, Bernstein estimates that the Internet "buzz" on the Apple Watch was only about 1/3 of the iPhone at its launch and about 1/4 of the iPod at its launch. Based on this data, the firm estimates that Apple will sell only 750,000 units of the Watch in Q3 and 1.3M in Q4. Nonetheless the firm thinks the Watch can be accretive to Apple's gross margins and could generate significant sales volumes going forward. Bernstein keeps a $142 price target and Outperform rating on Apple.
06:05 EDTAAPLNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
05:56 EDTAAPLEarnings Watch: Analyst says BlackBerry's FY16 targets looking 'unttainable'
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05:33 EDTJNPRJuniper, Ruckus Wireless announce new technology alliance
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