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Stock Market & Financial Investment News

News Breaks
August 13, 2013
18:55 EDTPMT, MM, RSH, MXC, NTI, XONE, EOG, MYGN, SEAS, GT, PXD, BRCDOn The Fly: After Hours Movers
UP AFTER EARNINGS: Brocade (BRCD), up 15.9%... Myriad Genetics (MYGN), up 1.9%. ALSO HIGHER: Mexco Energy (MXC), up 26% after announcing agreements with Pioneer Natural Resources (PXD) and EOG Resources (EOG)... RadioShack (RSH), up 3.2% after Reuters reported the company is looking to refinance its debt with new, lower-cost loans... Goodyear Tire (GT), up 1.7% after Appaloosa filed an increased stake in the company. DOWN AFTER EARNINGS: ExOne (XONE), down 13%... Millennial Media (MM), down 11.6%... SeaWorld (SEAS), down 11%. ALSO LOWER: Northern Tier (NTI), down 4.5% after announcing an offering of 11.5M common units for a unitholder... PennyMac (PMT), down 3.5% after filing to sell 11.3M shares of common stock.
News For BRCD;MYGN;MXC;PXD;EOG;RSH;GT;XONE;MM;SEAS;NTI;PMT From The Last 14 Days
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August 21, 2015
12:13 EDTBRCDBrocade soars after Q3 results top estimates
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10:02 EDTBRCDOn The Fly: Analyst Upgrade Summary
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09:13 EDTBRCDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Accuray (ARAY), up 12.7%... Brocade (BRCD), up 6%... salesforce.com (CRM), up 3.5%. DOWN AFTER EARNINGS: Intuit (INTU), down 6.7%... Deere (DE), down 5.4%... Nordson (NDSN), down 4.4%. ALSO LOWER: GigOptix (GIG), down 20% after 9.22M share Spot Secondary priced at $1.70... VirnetX Holding (VHC), down 19.8% after filing to sell 35M shares of common stock... Northwest Biotherapeutics (NWBO), down 8.7% after TheStreet's Adam Feuerstein reports, via Twitter, that CVax Phase 3 study has been temporarily halted in Germany.
08:27 EDTBRCDBrocade upgraded to Neutral from Sell at Goldman
Goldman Sachs analyst Simona Jankowski upgraded Brocade Communications to Neutral saying she no longer sees "meaningful downside" to consensus estimates following the company's "solid" quarter. Brocade is executing well in both the switching and routing markets, but its long-term growth prospects remain "modest," Jankowski tells investors in a post-earnings research note. She raised her price target for the stock to $12 from $11. Summit Research analyst Srini Nandury upgraded Brocade this morning to Buy. The stock is up 63c to $10.35 in pre-market trading.
05:31 EDTBRCDBrocade upgraded to Buy from Hold at Summit Research
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August 20, 2015
19:02 EDTBRCDOn The Fly: After Hours Movers
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18:07 EDTBRCDBrocade seeing pressure in server business due to IBM-Lenovo deal
Brocade (BRCD) says "where we've really seen pressure has been in our server related business," due to market conditions as well as divestiture of IBM's (IBM) commodity business to Lenovo (LNVGY). Says growth of flash storage continues to be one of the "most disruptive" factors in data center. Comments taken from Q3 earnings conference call.
17:59 EDTBRCDBrocade sees Q4 adjusted EPS 23c-25c, consensus 24c
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16:03 EDTBRCDBrocade reports Q3 adjusted operating margin 26.9%
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16:02 EDTBRCDBrocade reports Q3 adjusted gross margin 68.6%
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16:01 EDTBRCDBrocade reports Q3 adjusted EPS 27c, consensus 22c
Reports Q3 revenue $552M, consensus $550.54M.
14:42 EDTBRCDNotable companies reporting after market close
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05:46 EDTEOGStocks with implied volatility movement; QIHU EOG
Stocks with implied volatility movement; Qihoo 360 (QIHU) 45, EOG Resources (EOG) 35 according to iVolatility.
August 19, 2015
16:58 EDTEOGOn The Fly: Top stock stories for Wednesday
The market opened deep in negative territory after a tumultuous trading session in China and a softer than expected U.S. consumer prices report. Sellers continued to push the averages lower throughout the morning, with the Dow tacking on losses of more than 200 points as investors waited for the release of the Fed minutes. The market rallied following an early leak of the minutes, which suggested officials are getting closer to raising rates but appear to be waiting for additional data. Despite the afternoon rally, the averages sold off once again heading into the close, leaving all three indices in the negatives for Wednesday. ECONOMIC EVENTS: In the U.S., the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%. There were no revisions to the 0.3% headline gain in June or the 0.2% growth in the ex-food and energy component. Component gains were muted across the board, with Energy prices up just 0.1% in July. Meanwhile, FOMC minutes showed no definitive indication of a September rate hike. Most committee members "judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point." Other members, however, believed that the inflation outlook "might not soon meet one of the conditions... for initiating a firming of policy." COMPANY NEWS: Shares of Dot Hill Systems (HILL) soared $4.50, or 86.87%, to $9.68 after Seagate Technology (STX) agreed to acquire the company for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016. Shares of the hard drive giant fell 5.03% to $49.43 for the session... Lowe's (LOW) shares saw gains of $1.34, or 1.84%, to $74.36 following the company's earnings report this morning, while Target (TGT) rose $59c, or 0.73%, to $80.89 after beating on both top and bottom lines. On a subsequent conference call, Target executives forecast a "choppy" competitive environment in Q3, though they added that the company "will not get beat" on promotions in Q4. Separately, American Eagle (AEO) lost 7.42% to $16.92 after its quarterly numbers. MAJOR MOVERS: Among the notable gainers were Palatin (PTN) and Apricus (APRI), showing respective advances of 3.19% and 7.89% after the FDA approved Sprout's female sexual dysfunction drug Addyi, with the agency remarking that it "continues to encourage drug development in this area." Note that both Palatin and Apricus are developing their own treatments in the space, and Apricus reaffirmed this morning its intent to seek a global partner as it advances its Femprox sexual dysfunction medication. Also higher was Yum! Brands (YUM), which gained $1.90, or 2.26%, to $86.10 after appointing a new CEO of its China division, adding that its same-store sales in the region "have turned significantly positive." Among the noteworthy losers was Rayonier Advanced Materials (RYAM), plunging $6.01, or 44.09%, to $7.62 after disclosing a legal battle with its customer Eastman Chemical (EMN) over "meet or release" contract stipulations which may impact Eastman's purchase obligations. Also lower was Caesarstone (CSTE), which lost $3.43, or 7.14%, to $44.61 after short-selling hedge fund Spruce Point said the stock has up to 75% downside due to heightened raw material costs and competitive concerns, among other factors. Separately, EOG Resources (EOG), Baytex Energy (BTE), and Vanguard Natural (VNR) saw respective losses of 4.15%, 15.53%, and 13.83% after WTI crude fell 5.02% for the session. INDEXES: The Dow declined 162.61, or 0.93%, to 17,348.73, the Nasdaq fell 40.30, or 0.80%, to 5,019.05, and the S&P 500 lost 17.31, or 0.83%, to 2,079.61.
14:56 EDTBRCDBrocade August volatility elevated into Q3 and outlook
Brocade August call option implied volatility is at 94, September is at 40; compared to its 52-week range of 24 to 45 suggesting large price movement into the expected release of Q3 results on Aug 20.
08:30 EDTPMTPennyMac Mortgage announces $150M share repurchase program
PennyMac Mortgage Investment Trust announced that its Board of Trustees has authorized a share repurchase program under which the company may repurchase up to $150M of its outstanding common shares of beneficial interest.
August 18, 2015
16:07 EDTXONEExOne to open new Production Service Center in Sweden
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10:07 EDTXONEHigh option volume stocks
High option volume stocks: CCOI XONE XDE OMER JMBA URBN W SCCO DKS ESPR FEYE W
08:08 EDTBRCDBrocade expands OEM relationship with Lenovo
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August 17, 2015
16:06 EDTSEASSeaWorld names Peter Crage as CFO, names Anthony Esparza Chief Creative Officer
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