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Stock Market & Financial Investment News

News Breaks
March 28, 2013
12:17 EDTFIVE, BBRY, PVH, RPRX, UTIW, DECKOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday and if the S&P's level holds into the close, the index will set a new all-time closing record. Equity markets being closed for a holiday tomorrow makes this the last trading day of the quarter, and buyers have emerged to position their portfolios accordingly... ECONOMIC EVENTS: In the U.S., initial jobless claims increased 16K from the prior week to a seasonally adjusted 357K, versus expectations for 340K claims. The Commerce Department upwardly revised its estimate for gross domestic product expansion in the fourth quarter to 0.4% growth from its prior estimate of a 0.1% growth rate. However, this was a bit below the 0.5% gain forecast by analysts. The Chicago PMI Business Barometer Index came in at 52.4, missing the expected reading of 56.5... COMPANY NEWS: Blackberry (BBRY) posted an adjusted profit for its most recent quarter, when a loss was expected, and said it shipped 6M smartphones, including approximately 1M BlackBerry 10 units. The company also reported a gross margin of 40% in the quarter and said its cash position grew to $2.9B. Shares of the mobile device maker gained 2% near noon following the report and associated conference call... MAJOR MOVERS: Among the notable gainers were shares of Repros Therapeutics (RPRX), which rose 71% after the company announced its Androxal drug for the treatment of secondary hypogonadism reached its primary endpoints in a study. Also higher was Deckers Outdoor (DECK), which advanced over 7% after a Jefferies analyst increased his price target on the shares to $100 from $65. Among the noteworthy losers following their earnings reports were Five Below (FIVE), UTi Worldwide (UTIW) and PVH Corp. (PVH), which all fell around 4%... INDICES: Near noon, the Dow was up 43.25, or 0.30%, to 14,569.41; the Nasdaq was up 2.90, or 0.09%, to 3,259.42; and the S&P 500 was up 3.64, or 0.23%, to 1,566.49.
News For BBRY;DECK;RPRX;FIVE;UTIW;PVH From The Last 14 Days
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April 17, 2015
07:11 EDTBBRYBlackBerry management to meet with UBS
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April 15, 2015
16:02 EDTRPRXRepros Therapeutics announces Nov. 30, PDUFA goal date for NDA
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10:00 EDTDECKOn The Fly: Analyst Initiation Summary
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07:28 EDTDECKDeckers Outdoor thesis remains 'very much intact,' says Jefferies
Jefferies says its thesis on Deckers Outdoor shares remains "very much intact" following news that Connie Rishwain plans to step down as President of UGG. The firm views the current multiple as compressed and sees a "compelling" risk/reward at current share levels. It reiterates a Buy rating on Deckers with a $110 price target.
07:26 EDTDECKDeckers Outdoor says President of UGG to step down
Deckers Brands announced last night that Connie Rishwain, President of UGG and Fashion and Lifestyle Brands has notified the company of her plans to step down in order to spend more time with her family and pursue other interests.
06:56 EDTDECKDeckers Outdoor initiated with a Neutral at Guggenheim
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06:11 EDTBBRYBlackBerry implied volatility of 43 at lower end of index mean range
April 14, 2015
06:28 EDTBBRYBlackBerry implied volatility of 43 at lower end of index mean range
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April 13, 2015
06:02 EDTBBRYBlackBerry implied volatility of 42 at lower end of index mean range
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April 10, 2015
06:58 EDTDECKDeckers Outdoor volatility at record low
Deckers Outdoor overall option implied volatility of 27 compares to its 26-week average of 31 according to Track Data, suggesting decreasing price movement.
April 7, 2015
07:51 EDTUTIWUTi Worldwide management to meet with Stephens
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April 6, 2015
16:06 EDTRPRXEMA informs Repros that new substance eligible for centralized MAA submission
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08:15 EDTUTIWUTi Worldwide negatives 'firmly' priced into shares, says FBR Capital
FBR Capital lowered its price target for UTi Worldwide to $14 from $19 following the company's "very disappointing" quarter and guidance cut, but the firm believes the negatives are now "firmly" priced into shares at current levels. FBR believes the company's turnaround will still work and keeps an Outperform rating on the name.

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