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Stock Market & Financial Investment News

News Breaks
February 1, 2013
10:01 EDTEPD, KKD, WHR, IVZ, HP, VIA, MW, HES, EA, VIAB, UPS, ZQK, HOLX, BOBE, BUD, TWC, MA, HBC, ALKS, RDS.A, LTM, STZ, ARROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AB InBev (BUD) downgraded to Hold from Buy at Societe Generale... ARMOUR Residential (ARR) downgraded to Neutral from Buy at BofA/Merrill... Alkermes (ALKS) downgraded to Neutral from Buy at BofA/Merrill... Bob Evans (BOBE) downgraded to Hold from Buy at KeyBanc... Constellation Brands (STZ) downgraded to Neutral from Buy at BofA/Merrill... HSBC (HBC) downgraded to Neutral from Buy at Citigroup... Hologic (HOLX) downgraded to Reduce from Neutral at SunTrust... Life Time Fitness (LTM) downgraded to Market Perform from Outperform at William Blair... MasterCard (MA) downgraded to Market Perform from Outperform at Wells Fargo... Quiksilver (ZQK) downgraded to Neutral from Outperform at RW Baird... Royal Dutch Shell (RDS.A) downgraded to Underperform from Neutral at BofA/Merrill... Time Warner Cable (TWC) downgraded to Hold from Buy at Deutsche Bank... UPS (UPS) downgraded to Neutral from Buy at Citigroup... Viacom (VIAB) downgraded to Neutral from Overweight at Piper Jaffray... Whirlpool (WHR) downgraded to Outperform from Strong Buy at Raymond James... Electronic Arts (EA) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Helmerich & Payne (HP) downgraded to Neutral from Add at Capital One... Time Warner Cable (TWC) downgraded to Neutral from Buy at Guggenheim... Krispy Kreme (KKD) downgraded to Neutral from Buy at B. Riley Caris... Hess Corp. (HES) downgraded to Accumulate from Buy at Global Hunter... Invesco (IVZ) downgraded to Equal Weight from Overweight at Morgan Stanley... Enterprise Products (EPD) downgraded to Neutral from Outperform at Credit Suisse... Men's Wearhouse (MW) downgraded to Neutral from Outperform at Cowen.
News For A;TWC;UPS;VIAB;VIA;WHR;EA;HP;KKD;HES;IVZ;EPD;MW From The Last 14 Days
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April 20, 2015
05:47 EDTTWCStocks with implied volatility movement; TWC CSX
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April 19, 2015
14:47 EDTAMerck submits supplemental biologics license for Keytruda in lung cancer
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12:23 EDTTWCTime Warner Cable, Comcast set to meet with DoJ, WSJ says
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April 17, 2015
16:31 EDTTWCStocks end week lower amid earnings reports, fear about Greece, China
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16:24 EDTTWCOn The Fly: Top stock stories for Friday
Stocks on Wall Street began the session deep in negative territory and remained there throughout the day. The losses were broad based, with the S&P 500 losing 1% and the Dow and Nasdaq each sliding about 1.5%. There was little in the way of buying, as the number of declining stocks dwarfed the number of advancing stocks. Fears about Greece exiting the euro, steps taken by securities regulators in China and inflation data here at home were all pointed to as potential contributors to the down day in the market. The slide also coincided with the expiration of options, which can lead to volatility and heavy volume. ECONOMIC EVENTS: In the U.S., the headline Consumer Price Index rose 0.2% in March, versus expectations for it to be up 0.3%. The "core" rate, excluding food and energy prices, rose 0.2%, as expected. The leading economic index rose 0.2% to 121.4 in March, versus expectations for it to be up 0.3%. The University of Michigan consumer sentiment index jumped 2.9 points to 95.9 in the preliminary print for April, topping expectations for a 94.0 reading. In China, announcements by Chinese securities regulators, the Shanghai and Shenzhen stock exchanges, and related bodies raised fears of a selloff in China. The China Securities Regulatory Commission imposed sanctions to try to control margin buying of stocks with borrowed money and the Securities Association of China said it will allow fund managers to lend stocks for short selling to increase the supply of shares. In Europe, strategists reportedly said a lack of progress in negotiations between Greece and its creditors had substantially increased the risk of Greece defaulting on its debt and even exiting the euro. COMPANY NEWS: Shares of both Comcast (CMCSA) and Time Warner Cable (TWC) dropped after Bloomberg, citing sources, reported that lawyers at the Justice Departmentís antitrust division are leaning toward making a recommendation to file suit to block the companies' proposed merger. Spokespeople for Comcast and TWC reportedly told Bloomberg they see "no basis" for a lawsuit to block the transaction. Comcast ended the day down $1.25, or 2.09%, to $58.42, while Time Warner Cable shares slid $8.59, or 5.43%, to $149.61... First the Wall Street Journal, then Bloomberg, reported that Teva Pharmaceutical (TEVA) is internally discussing a potential takeover bid for Mylan (MYL). Shares of both moved higher following the reports, which Mylan responded to by stating that it is fully committed to its stand-alone strategy, including its proposal to acquire Perrigo (PRGO). Mylan Chairman Robert Coury said that rumors of potential interest from Teva have been "circulating for some time," but that such a combination is "without sound industrial logic or cultural fit" and would be unlikely to receive antitrust regulatory clearances. Coury added that Mylan's board would "carefully consider" a bid if any party makes an "actual offer" to acquire the company. Shares of General Electric (GE) reported a loss of $1.35 per share due to large charges related to its planned exit from the majority of its GE Capital business. Adjusting for special items, GE's operating earnings per share of 31c topped the consensus forecast by 1c. Additionally, GE said it has received "strong inbound interest" in its GE Capital assets following the company's April 10 investor update. MAJOR MOVERS: Among the notable gainers following their earnings reports were Celanese (CE), which rose $9.04, or 15.55%, to $67.18, and Mattel (MAT), which advanced $1.48, or 5.84%, to $26.75. Among the noteworthy losers after their quarterly reports were SerivceNow (NOW), which fell $9.55, or 11.53%, to $73.29, and Advanced Micro Devices (AMD), which dropped 29c, or 10.28%, to $2.58. INDEXES: The Dow declined 279.47, or 1.54%, to 17,826.30, the Nasdaq fell 75.98, or 1.52%, to 4,931.81, and the S&P 500 dropped 23.81, or 1.13%, to 2,081.18.
15:28 EDTTWCCable stocks should be bought on weakness, says FBN Securities
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14:46 EDTTWCTime Warner Cable says no indication from DOJ that lawyer leaning against deal
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14:09 EDTTWCTime Warner Cable options active on report says DOJ leaning toward lawsuit
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14:06 EDTTWCDOJ lawyers leaning toward suit to block Comcast-TWC deal, Bloomberg says
Lawyers at the Justice Departmentís antitrust division are leaning toward making a recommendation to file suit to block Comcastís (CMCSA) proposed purchase of Time Warner Cable (TWC), according to Bloomberg, citing people familiar with the matter. Staff attorneys could submit their review to Renata Hesse, a deputy assistant attorney general for antitrust, as soon as next week, the report added. John Malone, the chairman of Liberty Media (LMCA), has previously said that Charter Communications (CHTR) would look to buy Time Warner Cable if its deal with Comcast falls through. Shares of Comcast are down 2.6% to $58.11 in afternoon trading after Bloomberg's report, while Time Warner Cable shares are down 5.6% to $149.30. Reference Link
14:00 EDTTWCTime Warner Cable drops 5.5% after Bloomberg says DOJ leaning toward lawsuit
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13:57 EDTTWCDOJ close to recommending suit to block Comcast-TWC deal, Bloomberg says
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13:39 EDTEAElectronic Arts says Star Wars Battlefront begins shipping November 17
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08:08 EDTMWMen's Wearhouse recommended at Goldman
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07:15 EDTEAMarch NPD video game software sales declined 3%, says Piper Jaffray
Piper Jaffray notes March NPD video game software sales declined 3% year-over-year, with major titles for the month including Electronic Arts' (EA) Battlefield Hardline, Bloodborne from Sony (SNE) and Take-Two's (TTWO) Grand Theft Auto V. Piper notes the monthly decline is the first in 2015, leaving the segment up 2% through the first three months combined. It keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts, GameStop (GME) and Take-Two.
April 16, 2015
13:06 EDTWHRWhirlpool to invest EUR500M in Italian operations over next four years
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13:01 EDTMWJos. A. Bank to scale back on suit discounts, Business Insider reports
Men's Wearhouse is scaling back on the discounts for Jos. A. Bank, reports Business Insider. CEO Doug Ewert said the "buy-one, get-several free" deals are no longer sustainable, adding that the company "sees an opportunity to expand on other reasons to shop at Jos. A. Bank, beyond just deep discounts. Reference Link
April 15, 2015
18:36 EDTTWCNetflix CEO says company looking for FCC to block Comcast/Time Warner deal
Netflix (NFLX) CEO Reed Hastings reiterated that the FCC should block the Comcast (CMCSA) and Time Warner Cable (TWC) merger. Comment provided during Q1 earnings interview.
13:13 EDTWHRWhirlpool near lows, down 0.9% to $194.11
Whirlpool shares are near their lows after the Association of Home Appliance Manufacturers reported lower than expected data on appliance shipments in March, according to contacts.
10:36 EDTTWCBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
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April 14, 2015
07:10 EDTUPSAviation Week to hold a conference
MRO Americas 2015 is being held in Miami Beach on April 14-16.
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