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Stock Market & Financial Investment News

News Breaks
June 18, 2014
12:33 EDTADBE, BBRY, LZB, FDX, CAG, AMZNOn The Fly: Midday Wrap
Stocks opened slightly lower this morning and then moved back and forth across the flat line a couple of times in a narrow range. Investors are in a holding pattern, typical for a day when the FOMC rate decision is expected. Investors will be waiting to see if the Fed has any change in policy including the timing of any change in bond buying tapering or interest rate increases. As the European markets closed, the market has drifted to the downside with all three major equity indices slightly lower. ECONOMIC EVENTS: The U.S. MBA mortgage market index sank 9.2% in data released earlier, along with a 4.7% drop in the purchase index and a 12.7% dive in the refinancing index for the week ended June 13... The EIA inventory data showed a 600k barrel fall in crude stocks. The street had been expecting a 1/0 M barrel decrease. COMPANY NEWS: BlackBerry (BBRY) announced that the Amazon (AMZN) Appstore will be available with the launch of the BlackBerry 10.3 operating system this fall, greatly expanding app and game access to BlackBerry customers. MAJOR MOVERS: FedEx (FDX) is up 4.85% after the company reported Q4 earnings and giving FY15 guidance... Adobe Systems (ADBE) is up 7.23% after the company reported Q2 earnings and gave Q3 guidance... ConAgra (CAG) is down 7.67% after the company cut its EPS outlook for Q4... La-Z-Boy (LZB) is down 8.41% after the company reported Q4 earnings last night. INDEXES: Near noon, the Dow was down 34.55, or 0.21%, to 16,773.94; the Nasdaq was down 6.45, or 0.15%, to 4,330.78; and the S&P 500 was down 1.12, or 0.06%, to 1,940.87.
News For BBRY;AMZN;FDX;ADBE;CAG;LZB From The Last 14 Days
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May 20, 2015
07:38 EDTLZBLa-Z-Boy management to meet with Barrington
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07:36 EDTADBEJPMorgan to hold a conference
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May 19, 2015
11:52 EDTAMZNDepartures raises concerns of Google's commitment to ecommerce, Re/code says
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08:37 EDTBBRYBlackBerry software showing encouraging signs, says RBC Capital
RBC Capital says it's seeing encouraging signs regarding the sales of BlackBerry's software to regulated sectors, including government ,financials, and healthcare. The firm says that the company's mobile device management system, BES 12, is adding customers, while its resellers are getting more comfortable selling its software and sales of its technology solutions products are beating its guidance. RBC slashed its hardware sales estimates for the company and expects its Q1 revenue to come in well below expectations as a result, but adds that software has become the company's focus. It keeps an $11 price target and Sector Perform rating on the shares.
07:22 EDTFDXUPS having success with pickup points, WSJ says
Driven by the increase in e-commerce deliveries, UPS (UPS) has been combatting failed deliveries by using package pickup points, called UPS Access Points, like local drug stores, reports the Wall Street Journal. As a result UPS, FedEx (FDX), and DHL are investing in new systems aimed at having e-commerce customers collect orders from these pickup points, the Journal adds. Reference Link
06:29 EDTBBRYBlackBerry CEO says smartphone business will be profitable again, BI reports
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May 18, 2015
14:04 EDTAMZNEarnings Watch: Wal-Mart sees Q1 EPS 95c-$1.10, U.S. SSS up 1%-2%
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11:47 EDTAMZNAmazon unlikely hurt by Google Buy button in next 3 years, says Piper Jaffray
Piper Jaffray analyst Gene Munster said he does not expect Google's (GOOG) addition of a "Buy" button for mobile e-commerce hurting Amazon.com (AMZN) over the next 1 to 3 years, but he does believe Google's plan presents a longer-term threat to "chip away" at Amazon's growth rate. However, Munster thinks it will be "next to impossible" for Google to replicate Amazon's core infrastructure and customer experience and he keeps an Overweight rating and $475 price target on Amazon shares.
05:50 EDTBBRYStocks with implied volatility movement; BBRY MNKD
Stocks with implied volatility movement; BlackBerry (BBRY) 55, MannKind (MNKD) 75 according to iVolatility.
May 15, 2015
16:01 EDTAMZNOptions Update; May 15, 2015
iPath S&P 500 VIX Short-Term Futures down 20c to 20.06 Option volume leaders: AAPL BAC FB NFLX TWTR BABA CSCO TSLA MU GILD T MSFT AMZN MCD
15:26 EDTBBRYBlackBerry calls active amid rumor of Microsoft investigation of potential bid
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15:00 EDTBBRYBlackBerry rises amid rumor of Microsoft investigation of potential bid
Shares of BlackBerry (BBRY) are higher in afternoon trading after Ben Harrington's Betaville blog said Microsoft (MSFT) is said to have requested Deutsche Bank (DB) and Goldman Sachs (GS) examine whether the company should acquire the mobile device maker. His source said Microsoft has not yet approached Blackberry and is still in the "very early stages" of looking into making a potential deal, Harrington added. BlackBerry is up 1.7% to $10.50 following the blog post. Reference Link
14:54 EDTBBRYMicrosoft said to examine potential for BlackBerry bid, Betaville says
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12:15 EDTADBEAdobe management to meet with Jefferies
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12:13 EDTFDXThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
12:07 EDTFDXThird Point reports new stakes in Yum! Brands, FedEx, McKesson
10:34 EDTBBRYOptions with increasing implied volatility
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10:01 EDTADBEOn The Fly: Analyst Initiation Summary
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06:33 EDTFDXJudge denies FedEx motion on drug charges, Reuters says
A judge denied FedEx's motion to dismiss charges that it was involved in distributing controlled substances, according to Reuters. The company is accused by the Justice Department of shipping packages from illegal online pharmacies, the news service stated. Reference Link
05:38 EDTADBEAdobe initiated with an Overweight at JPMorgan
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