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Stock Market & Financial Investment News

News Breaks
February 20, 2014
08:18 EDTTMUS, BBRYT-Mobile offering BlackBerry customers up to $250 credit with trade-in
Following BlackBerry (BBRY) CEO John Chen criticizing T-Mobile's (TMUS) marketing to BlackBerry users, T-Mobile's Chief Marketing Officer Mike Sievert announced in a blog post a new deal that the carrier is offering to existing BlackBerry devices users. Starting this Friday, T-Mobile is offering $200 credit toward a new device when a current BlackBerry is traded in and upgraded to any new device, with an additional $50 off if the new device is a BlackBerry Q10 or Z10, according to the blog. Reference Link
News For BBRY;TMUS From The Last 14 Days
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July 31, 2015
06:50 EDTTMUSComcast, Verizon differ over terms of wireless network deal, WSJ says
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July 30, 2015
18:13 EDTTMUSOn The Fly: Top stock stories for Thursday
The market began the session in negative territory following the release of second quarter GDP data below economists' estimates. Continuing this morning's slow start, the indexes churned in negative territory for the first half of the day before turning mixed near noon. The Dow and S&P generally lagged behind the Nasdaq, with the S&P narrowly edging into positive territory by session close. ECONOMIC EVENTS: In the U.S., gross domestic product was estimated to have grown at a 2.3% annualized rate in the second quarter, though expectations were for GDP growth of 2.7%. The government also upwardly revised its estimate of first quarter GDP growth to 0.6% from a prior estimate of 0.2% contraction in the period. Initial jobless claims rose 12,000 to 267,000 in the week ended July 25, which was a bit below the expected 270,000 first-time claims. COMPANY NEWS: Facebook (FB) reported earnings and revenues last night that topped expectations, but its shares slid $1.78, or 1.84%, to $95.21 as the social network's growth in daily averages users fell a bit short of the consensus forecast and may have missed the high, "whisper" expectations for its report... Shares of Whole Foods (WFM) sunk 11.61% to $36.08 and hit a 52-week low of $35.57 during the session after the company reported weaker than expected results and provided lower than expected profit guidance. Several analysts downgraded shares of the organic foods grocer in the wake of its quarterly report and outlook. MAJOR MOVERS: Among the notable gainers was T-Mobile (TMUS), which advanced $1.82, or 4.91%, to $38.86 after handily beating analyst estimates and raising its outlook for yearly net customer additions forecast. Also higher following their earnings reports were Mondelez (MDLZ) and WWE (WWE), gaining a respective 5.03% and 17.48%. Among the noteworthy losers was Stratasys (SSYS), which fell $3.82, or 10.47%, to $32.67 after the company rescinded its fiscal year guidance, citing a lack of visibility on growth in the market. The news built on continued fears of overcapacity in the sector, leading to session losses for numerous 3D printer stocks, including an 8.94% drop for peer 3D Systems (DDD). Also lower was Qorvo (QRVO), which declined $9.99, or 14.17%, to $60.49 after its second quarter guidance significantly trailed analyst estimates, after which the stock saw price target reductions from BMO and Brean. Additionally, LinnCo (LNCO) declined $1.83, or 29.33%, to $4.41 after parent company Linn Energy (LINE) announced plans to suspend dividends and reserve roughly $450M from annualized distributions, which saw Linn also slipping 26.32% to $4.76. INDEXES: The Dow fell 5.41, or 0.03%, to 17,745.98, the Nasdaq gained 17.05, or 0.33%, to 5,128.79, and the S&P 500 advanced 0.06, or 0.00%%, to 2,108.63.
09:25 EDTTMUSOn The Fly: Pre-market Movers
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07:39 EDTTMUST-Mobile raises FY15 branded postpaid net customer addition view to 3.4M-3.9M
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07:36 EDTTMUST-Mobile reports 2.1M total net adds in Q2
In Q2, T-Mobile added 2.1M net new customers, including branded postpaid net customer additions of 1M, comprised of phone net customer additions of 760,000 – which it said is expected to be the highest in the U.S. wireless industry once again – and mobile broadband net customer additions of 248,000. T-Mobile ended the second quarter with 58.9M total customers. Branded postpaid phone churn was 1.3% in Q2, down 16 basis points year-over-year and essentially flat sequentially. T-Mobile’s branded prepaid net customer additions were 178,000 in Q2, which it said was a "significant" improvement both year-over-year and sequentially. Total device sales, including both branded postpaid and prepaid customers, were 8.3M units in Q2, of which total smartphone sales were 7.4M units.
07:34 EDTTMUST-Mobile expects EPS to be positive for all remaining quarters and for FY15
T-Mobile said it expects EPS to be positive for all the remaining quarters and the full-year of 2015. FY15 EPS consensus 74c.
07:33 EDTTMUST-Mobile reports Q2 EPS 42c, consensus 18c
Reports Q2 revenue $8.2B, consensus $7.94B.
July 29, 2015
15:23 EDTTMUST-Mobile July weekly volatility elevated into Q2 and outlook
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15:08 EDTTMUSNotable companies reporting before tomorrow's open
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11:06 EDTTMUSSprint introduces Family Share Pack plan
With more data than T-Mobile (TMUS), and with significant savings over Verizon (VZ) and AT&T (T), Sprint (S) introduces the new Sprint Family Share Pack. Families switching to Sprint get four lines, unlimited talk, text and 10GB of high-speed data while on the Sprint network for $100/month starting July 31. Sprint says its new plan will save families $480/year over Verizon and $720/year over AT&T for virtually the same 10GB of data. Sprint says that 10GB is more than double the high-speed data in T-Mobile’s family plan.
July 28, 2015
10:00 EDTBBRYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aegerion (AEGR) upgraded to Buy from Hold at Jefferies... Ameren (AEE) upgraded to Neutral from Sell at Goldman... AutoNation (AN) upgraded to Buy from Neutral at Sterne Agee CRT... Beacon Roofing (BECN) upgraded to Outperform at Baird... BlackBerry (BBRY) upgraded to Equal Weight from Underweight at Morgan Stanley... Bojangles (BOJA) upgraded to Buy from Neutral at SunTrust... Boyd Gaming (BYD) upgraded to Neutral from Underperform at BofA/Merrill... Columbus McKinnon (CMCO) upgraded to Buy from Neutral at Sidoti... Danaher (DHR) upgraded to Overweight from Equal Weight at Morgan Stanley... Emerald Oil (EOX) upgraded to Hold from Sell at Wunderlich... Haemonetics (HAE) upgraded Outperform from Market Perform at Barrington... Jefferies sees entry point for Aegerion (AEGR), upgrades to Buy... Philips (PHG) upgraded to Buy from Hold at Societe Generale... Plum Creek Timber (PCL) upgraded to Buy from Neutral at DA Davidson... Raytheon (RTN) upgraded to Buy from Neutral at BofA/Merrill... SandRidge Energy (SD) upgraded to Hold from Sell at Wunderlich... Telecom Argentina (TEO) upgraded to Outperform from Market Perform at Raymond James... Teva (TEVA) upgraded to Outperform from Market Perform at BMO Capital... Triumph Bancorp (TBK) upgraded to Buy from Hold at Evercore ISI... Waste Management (WM) upgraded on valuation, rebounding businesses at Argus... Wisconsin Energy (WEC) upgraded to Buy from Neutral at Goldman.
08:29 EDTBBRYBlackBerry upgraded to Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley upgraded BlackBerry to Equal Weight from Underweight and maintained its $7 price target. The firm said the upgrade is not due to improving fundamentals but flexibility with cash and opex opportunities. Morgan Stanely said BlackBerry's cash balance is worth $3.50-$3.75 per share and has a significant opportunity to add that cash through headcount reductions or other reallocation of resources.
06:11 EDTBBRYBlackBerry upgraded to Equal Weight from Underweight at Morgan Stanley
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July 26, 2015
18:37 EDTBBRYPakistan orders halt to BlackBerry Enterprise Services within country, WSJ says
Pakistan has ordered mobile service providers within the country to shut down BlackBerry Enterprise Services due to security concerns, the Wall Street Journal reported Saturday. A senior government official told the Journal that remaining BlackBerry services such as messenger will be unaffected. Reference Link
July 24, 2015
11:02 EDTBBRYBlackBerry CEO says prepared to move past smartphones, Bloomberg says
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July 22, 2015
15:16 EDTTMUSFCC set to deny T-Mobile request for small carrier airwave help, Bloomberg says
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14:04 EDTTMUSFCC set to deny T-Mobile request for small carrier airwave help, Bloomberg says
08:01 EDTBBRYBlackBerry agrees to acquire AtHoc, terms not disclosed
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05:40 EDTTMUST-Mobile implied volatility of 34 at lower end of index mean range
July 21, 2015
17:50 EDTBBRYBlackBerry reports additional job cuts, CBC says
BlackBerry has disclosed an additional round of job cuts, the Canadian Broadcasting Corporation reported earlier, citing company statements. The company did not reveal how many employees were laid off, but noted that some were shifted to other positions within BlackBerry. Reference Link

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