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Stock Market & Financial Investment News

News Breaks
October 16, 2012
10:11 EDTMMC, GG, AON, HTH, GLUU, SLB, HAL, CAM, NEMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Cameron (CAM) initiated with an Outperform at Credit Suisse... Glu Mobile (GLUU) initiated with a Buy at Stifel Nicolaus... Goldcorp (GG) initiated with an Overweight at Barclays... Halliburton (HAL) initiated with an Outperform at Credit Suisse... Hilltop Holdings (HTH) initiated with a Buy at Sterne Agee... Newmont Mining (NEM) initiated with an Overweight at Barclays... Schlumberger (SLB) initiated with a Neutral at Credit Suisse... Aon Corp. (AON) initiated with a Buy at MKM Partners... Marsh & McLennan (MMC) initiated with a Neutral at MKM Partners.
News For CAM;GLUU;GG;HAL;HTH;NEM;SLB;AON;MMC From The Last 14 Days
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July 21, 2015
05:48 EDTNEMStocks with implied volatility movement; NEM XME
Stocks with implied volatility movement; Newmont Mining (NEM) 50, SPDR Metals & Mining ETF (XME) 50 according to iVolatility.
July 20, 2015
16:22 EDTGGOn The Fly: Top stock stories for Monday
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13:15 EDTGGGoldcorp volatility increases as shares near ten-year low
Goldcorp 30-day call volatility is at 52, compared to a one-month ago level of 35.
12:08 EDTNEMOn The Fly: Top stock stories at midday
Stocks on Wall Street were slightly higher at midday in the first trading day of a week that will be light on domestic economic data but heavy on earnings reports. Investors will be receiving profit reports from about 25% of the companies on the S&P 500 this week, making this the highest volume earnings week of this season. ECONOMIC EVENTS: In the U.S., no major data was released. In Europe, Greece reopened its banks three weeks after closing as the country worked out another bailout agreement. The country announced it has started the process of paying off its creditors, including the European Central Bank and the International Monetary Fund, with a bridge loan it just received. COMPANY NEWS: Lockheed Martin (LMT) agreed to buy the Sikorsky Aircraft business from United Technologies (UTX) for $9B, noting the price is "effectively reduced" to $7.1B after taking into account tax benefits resulting from the transaction. Shares of Lockheed, which also reported better than expected second quarter results and increased its fiscal year guidance, gained nearly 2% after the Sikorsky announcement and saying it will conduct a strategic review of its government IT infrastructure services business and technical services business... Shares of Morgan Stanley (MS) shares were little changed near noon after the bank reported earnings and revenue, excluding certain adjustments, that topped analysts' consensus forecasts... SunEdison (SUNE) announced a deal to acquire Vivint Solar (VSLR) for approximately $2.2B, payable in a combination of cash, shares of SunEdison common stock and SunEdison convertible notes. In connection with the proposed acquisition of Vivint Solar, SunEdison has entered into a definitive purchase agreement with a subsidiary of TerraForm Power (TERP) which, concurrently with the completion of SunEdison's acquisition of Vivint, will acquire Vivint Solar's rooftop solar portfolio, consisting of 523 MW expected to be installed by year-end 2015, for $922M in cash. Shares of Vivint rose 44% following the announcement, while SunEdison's stock gained 4% and TerraForm dropped 3%. Fellow residential solar installer SolarCity (SCTY), which is backed by Tesla's (TSLA) Elon Musk, rose 7% following the deal in the space. MAJOR MOVERS: Among the notable gainers was Exelixis (EXEL), which rallied 43% after the company reported that a study of cabozantinib in metastatic renal cell carcinoma met its primary endpoint of significant improvement in progression-free survival. The shares were indicated to rise even more in early pre-market trading, but lost some of their gains after Bristol-Myers (BMY) announced that its Opdivo study was stopped early after showing superior overall survival in a Phase 3 study of previously treated patients with advanced or metastatic renal cell carcinoma. Bristol-Myers rose a bit less than 1% to trade near $70 per share after its own announcement. Also higher was PayPal (PYPL), which gained more than 5.5% in its first day of trading after being spun out of eBay (EBAY). Meanwhile, eBay shares rose over 2%. Cal-Maine Foods (CALM) dropped 8% after posting lower than expected sales and profits in its fourth quarter and warning that while it should have an adequate supply of its primary feed ingredients, the company expects that prices will be "volatile" in the year ahead. Also lower were shares of several gold miners, including Barrick Gold (ABX) and Newmont Mining (NEM), which each fell about 11%, as gold prices declined about 2% near midday. INDEXES: Near midday, the Dow was up 31.66, or 0.18%, to 18,118.11, the Nasdaq was up 9.81, or 0.19%, to 5,219.96, and the S&P 500 was up 2.82, or 0.13%, to 2,129.46.
11:12 EDTSLBSchlumberger downgraded to Neutral from Buy at Tigress Financial
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10:00 EDTSLBOn The Fly: Analyst Upgrade Summary
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09:34 EDTHALHalliburton CEO says 'this is a damn tough market'
09:34 EDTHALHalliburton sees significant runway for refrack in the future
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09:31 EDTSLBSchlumberger upgraded to Buy from Neutral at Global Hunter
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09:25 EDTHALHalliburton sees lower revenue and margins in Q3
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09:12 EDTHALHalliburton says Q2 was challenging due to lower activity, pricing pressure
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08:38 EDTNEMNewmont Mining July weekly volatility elevated into Q2 and outlook
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08:00 EDTSLBSchlumberger outlook remains favorable, says Oppenheimer
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07:05 EDTHALHalliburton says Q2 Eastern Hemisphere revenues declined 'modestly' vs. Q1
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07:04 EDTHALHalliburton incurred $67M after-tax for costs related to Baker Hughes deal in Q2
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07:03 EDTHALHalliburton says 'pleased' with progress of Baker Hughes acquisiton
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07:02 EDTHALHalliburton expects global markets will remain 'transitional'
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07:01 EDTHALHalliburton reports Q2 continuing ops EPS 44c ex-items, consensus 29c
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06:50 EDTSLBSchlumberger upgraded to Outperform from Market Perform at Wells Fargo
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06:36 EDTHALHalliburton July weekly volatility increases into Q2 and outlook
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