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Stock Market & Financial Investment News

News Breaks
July 15, 2013
19:11 EDTANR, JOEZ, BRO, MPC, CTAS, BERY, HSII, NQOn The Fly: After Hours Movers
HIGHER: Brown & Brown (BRO), up 1.8% after its second quarter earnings beat estimates... NQ Mobile (NQ), up 7.3% after saying it sees second quarter revenue exceeding $40M against estimates for $38.61M, and acquiring the remaining 45% stake in its Beijing NationSky subsidiary for $25.2M. DOWN AFTER EARNINGS: Cintas (CTAS), down 4%... Stanley Furniture (STLY), down 6.2%... Joe's Jeans (JOEZ), down 13.4% after earnings miss estimates and the company announces plans to buy Hudson Clothing for $97.6M. ALSO LOWER: Heidrick & Struggles (HSII), down 12.8% after the it's CEO will step down as the company announced it will pursue a standalone strategy after exploring strategic alternatives. The company also said it expects second quarter revenue to come in at the high end of its guidance range... Marathon Petroleum (MPC), down 3.4% after the company said it sees second quarter earnings below current estimates... Alpha Natural Resources (ANR), down 3.2% after the company's subsidiary Cumberland Coal suspended mine production due to adverse geological conditions... Berry Plastics (BERY), down 3.6% after the company gave a third quarter revenue view below estimates and filed to sell 15M shares of common stock for holders.
News For BRO;NQ;CTAS;JOEZ;HSII;MPC;ANR;BERY From The Last 14 Days
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January 23, 2015
06:02 EDTJOEZJoe's Jeans announces resignation of CEO Marc Crossman
Joe’s Jeans announced that Marc Crossman has tendered his resignation as President and CEO and that in conjunction with his resignation, he will be transitioning to a consulting position with the company. Samuel Joseph Furrow will serve as Interim CEO.
January 21, 2015
07:14 EDTMPCCitgo scraps auction process, to raise debt instead, WSJ reports
The auction for Venezuela’s Citgo Petroleum, which drew interest from Marathon Petroleum (MPC), HollyFrontier (HFC), Valero Energy (VLO) and private equity firms, has been called off, said The Wall Street Journal, citing people familiar with the matter. Citgo will still seek to raise $2.5B in debt at this point and could restart its sales process later, the report added. Reference Link
January 20, 2015
09:36 EDTANRAlpha Natural downgraded to Underweight from Equal Weight at Morgan Stanley
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05:51 EDTBERYU.S. Paper & Packaging sector raiseed to Positive at Barclays
Barclays upgraded the U.S. Paper & Packaging sector to Positive from Neutral saying stocks in the space offer investors an attractive alternative in 2015 due to improving demand and input cost reductions. The firm calls Containerboard its preferred subsector, and recommends a long position in Crown Holdings (CCK) versus Ball Corp. (BLL). The firm downgraded the latter to Equal Weight from Overweight. Barclays also upgraded to Overweight shares of Avery Dennison (AVY). It calls Berry Plastics (BERY) a top pick.
January 16, 2015
07:40 EDTMPCWolfe Research to hold a conference
1st Annual Oil & Gas 1:1 Refining Conference is being held in Boston on January 16.
January 15, 2015
10:00 EDTANROn The Fly: Analyst Initiation Summary
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06:06 EDTNQNQ Mobile implied volatility of 97 at lower end of index mean range
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05:31 EDTANRAlpha Natural initiated with an Underweight at Barclays
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January 14, 2015
05:50 EDTNQStocks with implied volatility movement; NQ OCN
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January 13, 2015
16:19 EDTCTASCintas approves additional $500M share repurchase program
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10:00 EDTMPCOn The Fly: Analyst Downgrade Summary
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07:24 EDTMPCMarathon Petroleum downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Marathon Petroleum to Neutral citing the recent outperformance of shares and its belief retail fuel margins are likely to "come back to earth" once crude prices bottom. The firm lowered its price target for shares to $97 from $104.

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