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Stock Market & Financial Investment News

News Breaks
September 18, 2013
20:25 EDTCAG, CAG, IHS, IHS, RAD, RAD, PIR, PIR, SCHL, SCHL, MCS, MCSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include ConAgra Foods (CAG), consensus 40c; IHS (IHS), consensus $1.18; Rite Aid (RAD), consensus (4c); Pier 1 Imports (PIR), consensus 21c; Scholastic (SCHL), one estimate (68c); The Marcus Corporation (MCS), consensus 46c.
News For CAG;IHS;RAD;PIR;SCHL;MCS From The Last 14 Days
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February 23, 2015
07:46 EDTIHSJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 23 at 8:20 am; not all company presentations may be webcasted. Webcast Link
06:06 EDTRADStocks with implied volatility movement; JNJ NUGT
Stocks with implied volatility movement; Halliburton (HAL) 32, Rite Aid (RAD) 34 according to iVolatility.
February 19, 2015
05:19 EDTMCSMarcus announces JV agreement with IM Properties, Bradford Real Estate
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February 13, 2015
16:35 EDTPIR, RADS&P closes at all-time high as stocks run winning streak to second week
The major stock averages gained for the second week in a row, sending the S&P 500 to a new all-time high in the process. With the weekly advance, the major averages wiped out all their losses since the beginning of the year and moved into the green for 2015. MACRO NEWS: The U.S. economic calendar was relatively quiet during this week. Retail sales decreased 0.8% in January, versus expectations for a 0.4% decline. Initial jobless claims rose 25K to 304K in the week ended January 7. Consumer sentiment fell to 93.6 in the preliminary February release from the University of Michigan survey, versus expectations for the reading to hold at the 98.1 it achieved in January... In Europe, Russian, Ukrainian, German and French leaders came to terms on a cease-fire to begin Sunday. Eurozone GDP grew by 0.3% in the last three months of 2014, which was a bit faster than expected, largely due to strong upside in Germany. A Eurogroup meeting failed to reach a final bailout deal for Greece, but reports afterward seemed to have an optimistic tone about the continuation of talks. Sweden’s Riksbank became the latest central bank to cut interest rates and said it would undertake a program of sovereign bond buying... In China, foreign trade volume declined 10.8% year-on-year in January, with exports dropping 3.2% and imports slumping 19.7%. COMPANY NEWS: Coca-Cola (KO), PepsiCo (PEP), Zoetis (ZTS), Mondelez (MDLZ), and Groupon (GRPN) were among the companies whose stocks reacted positively to their quarterly earning reports. Conversely, the shares of Pier 1 Imports (PIR), AOL (AOL) and Zynga (ZNGA) fell after they reported their results... Dow member American Express (AXP) fell sharply after the company announced that its U.S. co-brand and merchant acceptance agreements with Costco (COST) are set to end in March of next year. Costco has been one of the few big U.S. merchants that to-date had accepted AmEx cards exclusively. Afterward, American Express said that the company now expects that overall earnings growth in 2015 will likely be "flat to down modestly" year-over-year... Another member of the blue chip index, McDonald's (MCD), dropped after reporting that its comparable sales declined 1.8% in January. As part of the overall results, U.S. same-store sales grew 0.4%, but Asia/Pacific, Middle East and Africa comparable sales dropped 12.6%... General Motors (GM) shares rose after the company confirmed that Harry Wilson intends to nominate himself as candidate for the GM board and bring before the annual meeting a proposal that the company commit to completing $8B of share repurchases... On the M&A front, Interxion (INXN) advanced after the company agreed to an all-share merger with U.K. peer TelecityGroup, after which Interxion shareholders will owning approximately 45% of the combined group. Rite Aid (RAD) rose after the pharmacy retail chain agreed to buy EnvisionRx from TPG for $2B and re-enter the pharmacy benefit management space it had previously exited. INDEXES: For the week, the Dow rose 1.09% to 18,019.35, the Nasdaq gained 3.14% to 4,893.84, and the S&P rose 2% to 2,096.99.
16:28 EDTCAGOn The Fly: Closing Wrap
Stocks on Wall Street opened the session in positive territory and remained there throughout the day. Although the market moved in a narrow range, the S&P 500 closed at an all-time high, the Nasdaq hit a 15 year high, and the Dow crossed back above 18,000 for the first time this year. There was little volatility in the market as investors looked forward to the three day President’s Day weekend. ECONOMIC EVENTS: In the U.S., consumer sentiment fell to 93.6 in the preliminary February release from the University of Michigan survey, versus expectations for the reading to hold at the 98.1 it achieved in January. The import price index for January declined 2.8%, versus the consensus forecast for a 3.2% drop. In Europe, Eurozone GDP grew by 0.3% in the last three months of 2014, which was a bit faster than expected, largely due to strength in Germany. COMPANY NEWS: Shares of King Digital (KING) advanced $1.96, or 13.3%, to $16.70, while shares of Zynga (ZNGA) dropped 42c, or 15.79%, to $2.24 after both casual game makers last night announced fourth quarter results and provided their respective outlooks. The maker of Candy Crush and other games reported adjusted earnings per share and revenue that beat expectations and also announced a special dividend of 84c per share, while the revenue and outlook of its rival Zynga came in below expectations. MAJOR MOVERS: Among the notable gainers was Columbia Sportswear (COLM), which rose $7.91, or 18.15%, to $51.50 after the clothing maker reported better than expected sales and profits, gave an earning forecast that topped estimates and approved an additional $200M share repurchase authorization. Also higher following its earnings report was another clothing maker V.F. Corporation (VFC), the owner of the North Face, Vans and Timberland brands, which gained $4.26, or 6%, to $75.26. Among the noteworthy losers was MagnaChip Semiconductor (MX), which plunged $7.50, or 49.93%, to $7.52 and was downgraded at Topeka and Barclays after restating its financial statements for 2011, 2012, 2013, and the first three quarters of 2014. Also lower were shares of ConAgra (CAG), which slid $1.59, or 4.37%, to $34.83 after the packaged food maker said after last night's closing bell that it sees third quarter earnings per share 10c below the 62c it earned in the same quarter last year. INDEXES: The Dow rose 46.97, or 0.26%, to 18,019.35, the Nasdaq gained 36.22, or 0.75%, to 4,893.84, and the S&P 500 advanced 8.51, or 0.41%, to 2,096.99.
08:29 EDTIHSUBS auto/auto parts analyst holds an analyst/industry conference call
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