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June 26, 2014
09:17 EDTNBR, CIDM, UNXL, AA, ONVO, ROYL, ZU, QLTI, PM, CJES, BCS, AGEN, AUXL, BBBYOn The Fly: Pre-market Movers
HIGHER: Uni-Pixel (UNXL), up 22.7% after achieving roll-to-roll pilot production of InTouch Sensors... Agenus (AGEN), up 12.8% after announcing Phase 2 results for HerpV... Alcoa (AA), up 4.5% after acquiring Firth Rixson for $2.85B in cash and stock... Auxilium (AUXL), up 15.4% after agreeing to merge with QLT Inc. (QLTI). Shares of QLT trading in New York are also up 30%... zulily (ZU), up 3.4% after upgraded at RBC Capital... Nabors (NBR), up 10%, and C&J Energy (CJES), up 9%, after announcing C&J Energy will merge with Nabors' completion and production businesses in a transaction valued at $2.86B... Organovo (ONVO), up 10% after 3D Liver system distinguished toxic drug in study... Royale Energy (ROYL), up 13% after reporting on independent review of two North Alaska drilling targets. DOWN AFTER EARNINGS: Bed Bath & Beyond (BBBY), down 8%... Cinedigm (CIDM), down 15.5%... Steelcase (SCS), down 9.4%. ALSO LOWER: Barclays (BCS), down 5.5% after NY Attorney General Eric Schneiderman announced a lawsuit against the bank... Philip Morris (PM), down 2.3% after lowering its 2014 EPS outlook.
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November 19, 2015
08:46 EDTAGENAgenus to host research and development update
Research and Development Update to be held in New York on November 19 at 4 pm. Webcast Link
08:08 EDTUNXLUni-Pixel receives initial mass production order from Japanese PC manufacturer
UniPixel received an initial mass production order from a PC manufacturing company based in Japan for a 10-inch tablet product. UniPixel expects the initial delivery of XTouch sensors to this new customer to occur in the current quarter and 1Q16. The company expects the lifetime of the product to be in the range of three to four quarters.
November 18, 2015
10:38 EDTPMPhilip Morris sees FY15 international industry cigarette volume to decline 2.5%
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10:37 EDTPMPhilip Morris announces additional city launches of iQOS
PMI announces additional city launches in 2015 of its Reduced-Risk Product, iQOS, in Lisbon, Portugal, Bucharest, Romania and Moscow, Russia;
10:36 EDTPMPhilip Morris backs FY15 EPS $4.35-$4.40, consensus $4.44
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10:34 EDTBCSBarclays to pay added $150M penalty over forex trading misconduct
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10:08 EDTZUGoPro sinks after analyst finds cameras on flash sales sites
The shares of action camera maker GoPro (GPRO) are sinking and hit a new 52-week low after research firm Piper Jaffray reported that the company has been offering significant discounts on its cameras. WHAT'S NEW: GoPro's cameras have been selling on flash sales websites such as Zulily (ZU) and Groupon (GRPN) at price discounts of 16%-34%, Piper analyst Erinn Murphy wrote in a note to investors today. As a result of these discounts and the 147% increase in GoPro's inventory at the end of the third quarter, the analyst is concerned that the company's gross margin could be pressured. In addition to the discounts GoPro is offering on the flash websites, the camera maker cut the price of its GoPro Session camera on Amazon to $299 from $399 in September and there has been "select downward price movement" on two more of its cameras on Amazon, Murphy reported. The analyst continues to expect GoPro's Q4 earnings per share to come in at 34c, versus analysts' consensus estimate of 41c. She slashed her fiscal 2016 EPS estimate for the company to $1.03 from $1.35, versus the consensus outlook of $1.37. Murphy reduced her price target on the stock to $15 from $20 and kept an Underweight rating on the name. WHAT'S NOTABLE: Ambarella (AMBA) makes chips used in GoPro's cameras. Best Buy (BBY), which is due to report its results tomorrow, sells GoPro's cameras. PRICE ACTION: In early trading, GoPro fell 8% to $19.19. Earlier today, it hit a new 52-week low of $19.04.
06:54 EDTBCSBarclays eyes more investment bank cuts, Telegraph reports
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06:39 EDTPME-cigarette sales slumping sharply, WSJ says
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November 17, 2015
18:16 EDTBCSBarclays set to pay at least $100M in new forex fine, FT says
Barclays is set to pay "at least" $100M by next month to settle allegations by the New York Department of Financial Services that the bank abused foreign exchange markets through its electronic trading platform, reports Financial Times, citing sources. Reference Link
09:02 EDTBCSAnalyst pans competing products, says buy Fitbit
Shares of previous high-flier Fitbit (FIT) have dropped about 30% in the last two weeks following the company's third quarter earnings report, but an analyst at Bank of America upgraded his view of the fitness tracker maker this morning, saying that now is the time to buy ahead of fourth quarter results that may be boosted by the "underwhelming" new products being launched by its competitors. UNDERWHELMING COMPETITION: Fitbit's sales guidance for this holiday quarter looks conservative, contends Bank of America analyst Nat Schindler, who notes that the company only had the launch of one new product last December but will have the Charge, Charge HR and Surge to drive sales this season. Schindler also notes that the company's international advertising has expanded into more countries ahead of the holidays this year. Key, however, may be the "underwhelming" lineup of new or updated fitness trackers launched by competitors, such as the Microsoft's (MSFT) Band 2, Jawbone's UP4 and Sony's (SNE) Smartband 2, many of which have only minor improvements and no "must have" features to pull consumers away from Fitbit, Schindler told investors in his research note. PLATFORM PICKING UP STEAM: The analyst also pointed out that Fitbit now has more than 20 companies signed onto its health and wellness platform, including big names like Target (TGT) and Barclays (BCS), which he believes should help drive revenue beats in the upcoming fiscal year due to increased device sales. Also, the additional dashboard data should help Fitbit maintain long-term user engagement, said Schindler. APPLE WATCH: Apple's (AAPL) Apple Watch is largely viewed as the biggest potential competitive threat to Fitbit's offerings, but on the fitness tracker maker's last earnings call CEO James Park said Fitbit's products differ from those of its competitors in several key aspects, including pricing, cross-platform compatibility, brand awareness and product line breadth. Other wearables makers include Garmin (GRMN) and Samsung. PRICE ACTION: Since the day after Fitbit's last earnings report after the market close on November 2, its shares have fallen about 29.5% to close yesterday at $28.80. In pre-market trading this morning, Fitbit shares rose 2% to $29.40.
08:34 EDTBCSNAREIT to hold a conference
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07:50 EDTBCSClearing House to hold a conference
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November 16, 2015
11:24 EDTBCSClearing House to hold a conference
Clearing House Annual Conference is being held in New York on November 16-18.
07:17 EDTNBRSeaport Global to hold a conference
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November 15, 2015
16:17 EDTBCSLaw firm says Barclays reaches $120M settlement in LIBOR litigation
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November 12, 2015
18:40 EDTBCSLINN Energy to explore options for restructuring debt, Reuters says
Linn Energy (LINE) is exploring options for restructuring its debt with Barclays (BCS) as low oil and natural gas prices test its ability to service $10B of debt after next year, Reuters reports, citing people with knowledge of the matter. Reference Link
November 10, 2015
12:00 EDTPM, BCSAb InBev, HSBC, Google, among firms to testify at EU tax hearing, Reuters says
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08:01 EDTROYLRoyale Energy to monetize portion of Alaska acreage
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07:46 EDTAAJacobs wins contract from Alcoa of Australia to sustain capital projects
Jacobs Engineering (JEC) announced its appointment as engineering service provider for Alcoa (AA) of Australia's baseload sustaining capital projects at the Kwinana and Pinjarra alumina refineries in Western Australia. Under the multi-year contract, Jacobs is providing engineering and project management services to these refineries. The program of work aims to leverage Jacobs' High Value Engineering Center in India, providing cost effective design services.
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