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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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April 3, 2014
09:30 EDTAAPLApple, Pfizer others create 'go slow' patent lobby group, Reuters says
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07:40 EDTAAPLApple bulls bet new products to prompt stock revival, Bloomberg says
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06:23 EDTBABoeing, Airbus rivalry moves to tanker market, WSJ reports
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06:22 EDTBABoeing to cut as man as 300 Australian contrators, WSJ reports
Boeing plans to cut as many as 300 contractors from its Boeing Aerostructures Australia facility by the end of the year, reports the Wall Street Journal. The company said, "This was always our intention when the company's aircraft programs stabilized at full production rates." Reference Link
April 2, 2014
17:25 EDTJNPRJuniper to cut worldwide headcount by approximately 6%
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17:22 EDTJNPRJuniper to cut worldwide headcount by approximately 6%
16:58 EDTAAPLPiper Jaffray still expects 'full TV' offering from Apple this year
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16:21 EDTAAPLOn The Fly: Closing Wrap
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16:00 EDTAAPLOptions Update; April 2, 2014
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12:48 EDTAAPLGT Advanced rallies after Goldman raises price target
Shares of GT Advanced Technologies (GTAT) - which makes sapphire products and solar energy equipment - are climbing after Goldman Sachs raised its price target on the stock in a note to investors earlier today. WHAT'S NEW: Goldman Sachs analyst Brian Lee raised his 2015 and 2016 earnings per share estimates for GT Advanced, as he is more upbeat about the outlook for the company's equipment business. GT Advanced's deal to supply sapphire for upcoming Apple (AAPL) devices is worth $15 per share for GT if the deal goes as expected, and up to $25 if the deal exceeds expectations, contended Lee. The analyst raised his price target on the stock to $24 from $20 and kept a Buy rating on the shares. OTHERS TO WATCH: Rubicon Technology (RBCN) also makes sapphire. That stock was upgraded to Overweight from Neutral in a note to investors from JPMorgan yesterday. JPMorgan expected Rubicon to benefit from a pick-up in demand for LEDs and sapphire covers. The stock surged yesterday in the wake of the upgrade. PRICE ACTION: In early afternoon trading, GT Advanced climbed $1.13, or 6.5%, to $18.51, while Rubicon fell 2.8% to $12.62.
12:20 EDTANR, BTUCoal stocks higher after BHP executive signals confidence
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11:15 EDTAAPLAmazon says Fire TV 'three times as powerful' as Apple TV, Roku, Chromecast
11:10 EDTBABoeing reports first order for BBJ MAX 8
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09:35 EDTAAPLActive equity options trading on open
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09:18 EDTAAPLOn The Fly: Pre-market Movers
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07:23 EDTAAPLApple (AAPL) to act like Google (GOOG) in ad push, Business Insider says
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07:23 EDTBABoeing machinists to cast ballots in rare leadership challenge, Reuters says
Boeing machinists are set to vote in a rare election for control of one of the biggest industrial unions in the U.S., a contest that could see a shift to a more militant stance if the challengers are successful, reported Reuters. Results are expected to be announced in May. Reference Link
06:45 EDTAAPLAmazon expected to announce media streaming device today, Business Insider says
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05:58 EDTAAPLSamsung lawyer calls Apple claims 'gross exaggeration,' Re/code reports
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05:57 EDTAAPLPiper positive on Apple shares ahead of product cycle
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