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Stock Market & Financial Investment News

News Breaks
September 25, 2012
16:21 EDTMTN, CAT, MACK, RIMM, KEG, TSLAOn The Fly: Closing Wrap
Stocks on Wall Street were lower as unrest in Spain brought the difficult fiscal challenges facing Europe back into the spotlight. Stocks opened slightly higher as the market was helped in part by better than expected consumer confidence and home price data. With little else for investors to key on domestically, the averages weakened in the afternoon, as European headlines again drove concern... ECONOMIC EVENTS: Domestically, the S&P/Case-Shiller 20-city home prices index for July indicated that prices rose 1.2%, beating expectations. The consumer confidence reading for September rose to 70.3 and the FHFA home prices index for July was up 0.2%. In Europe, protesters in Spain took to the streets to voice their displeasure with further austerity measures. Also, Germany's Jorg Asmussen, an executive board member of the European Central Bank, said any additional Greek financing needs to come from EU member states and not the ECB... COMPANY NEWS: After lowering its 2015 guidance late Monday, shares of Caterpillar (CAT) were down $3.86, or 4.25%, to $87.01... Tesla Motors (TSLA) shares fell $3.00, or 9.78%, to $27.66 after the company reduced its second half of 2012 Model S delivery guidance and cut its revenue outlook for the year... MAJOR MOVERS: Among the notable gainers were Research in Motion (RIMM), up 30c, or 4.68%, to $6.60 after saying BlackBerry subscribers now total 80M during a company hosted conference, and Vail Resorts (MTN), up $4.37, or 8.29%, to $57.10 after its quarterly revenues beat expectations and its losses were not as steep as forecast. Noteworthy losers included Key Energy (KEG), down $1.02, or 12.52%, to $7.13 after lowering its Q3 expectations, and Merrimack (MACK), down $1.85, or 16.91%, to $9.09 as an IPO lockup period expired today for the shares... INDICES: The Dow lost 101.37, or 0.75%, to 13,457.55; the Nasdaq fell 43.05, or 1.36%, to 3,117.73; and the S&P 500 declined 15.30, or 1.05%, to 1,441.59.
News For CAT;TSLA;RIMM;MTN;KEG;MACK From The Last 14 Days
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November 25, 2015
16:49 EDTTSLAOn The Fly: Top stock stories for Wednesday
Stocks began Wednesday in positive territory and remained higher for much of the day before dipping slightly near close. The averages moved in a narrow range as investors digested a host of economic data, including reports on consumer confidence, jobless claims and housing, none of which moved the market in any discernible way ahead of the Thanksgiving holiday. ECONOMIC EVENTS: In the U.S., several days of economic reports were compressed into a single, busy morning. Jobless claims for the week ended November 21 fell to 260,000 against expectations for 270,000 first-time claims. Personal income rose 0.4% in October, matching expectations, while spending rose 0.1% versus estimates for a 0.3% increase. Meanwhile, durable goods orders were up 3% last month versus expectations for up 1.7%. Removing transportation items showed a core reading of up 0.5% against estimates for 0.3%. The FHFA home price index rose 0.8% in September to 226.5, while Markit's services index improved to 56.5 in the flash reading for November, topping the 55.1 forecast. New home sales rose 10.7% to a 495,000 rate in October. Consumer sentiment rose to 91.3 in the final November print of the University of Michigan survey, up from October's 90.0 reading but down from the preliminary November reading of 93.1. COMPANY NEWS: Shares of HP Inc. (HPQ) and HP Enterprise (HPE) headed in opposite directions following the final combined earnings report of the recently-split companies. HP Inc., which was downgraded to Hold at research firm Needham following last night's report, ended the session down 13.63% to $12.65. Meanwhile, HP Enterprise, which also announced a cloud partnership with Microsoft (MSFT), gained 3.14% to $14.12... Deere (DE), which reported better than expected earnings and issued a 2016 sales outlook matching estimates, gained 4.79% to $80 following its quarterly report. MAJOR MOVERS: Among the notable gainers was Tesla (TSLA), which advanced $11.39, or 5.22%, to $229.64 after research firm Credit Suisse reiterated its Outperform rating and $325 price target on the shares, saying the carmaker's January volume report should positively address investor fears over its fourth-quarter performance and Model X production ramp. Also higher was American Capital (ACAS), which gained $1.32, or 9.50%, to $15.22 after expanding its stock buyback program and announcing a strategic review of the company, including a possible sale. Additionally, Veeva (VEEV) jumped 5.01% to $28.73 following its quarterly numbers, which prompted analysts at both JPMorgan and Canaccord to raise their price targets on the stock. Among the noteworthy losers was PTC Therapeutics (PTCT), which declined $2.23, or 7.02%, to $29.52 after Jefferies analyst Gena Wang downgraded the stock to Underperform, saying yesterday's FDA panel for BioMarin's (BMRN) competing muscular dystrophy drug is a negative for PTC. BioMarin, meanwhile, slipped 1.78% to $96.06 for the day, while Sarepta (SRPT), also competing in the same therapeutic space, was up fractionally to $37.49. Also lower were SunEdison (SUNE) and TerraForm Power (TERP), which crashed a respective 21.6% and 17.67% after research firm UBS downgraded both stocks on "considerable" risks suggested by recent management changes at Terraform. TerraForm Global (GLBL), meanwhile, plunged 21.26% to $4.11. Separately, Dow Chemical (DOW) slipped 2.72% to $51.93 after the EPA withdrew approval for the company's Enlist Duo herbicide. INDEXES: The Dow rose 1.20, or 0.01%, to 17,813.39, the Nasdaq gained 13.33, or 0.26%, to 5,116.14, and the S&P 500 slipped 0.27, or 0.01%, to 2,088.87.
16:01 EDTTSLAOptions Update; November 25, 2015
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09:36 EDTTSLAActive equity options trading on open: AAPL TSLA TGT TSN FB
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08:37 EDTTSLATesla early January volume report should ease concerns, says Credit Suisse
Credit Suisse analyst Dan Galves said he expects short-term worries currently plaguing Tesla Motors, namely Q4 volume concerns and fears about the Model X production ramp, to be positively addressed by early January when Tesla discloses its volumes for the quarter. Galves, who thinks it is possible for Tesla to reach 17,000 units in the quarter and views Monday's release of full Model X specs and pricing as a sign that a production ramp is "in sight," keeps an Outperform rating and $325 price target on Tesla shares.
November 23, 2015
09:49 EDTTSLATesla slips lower in early trading, levels to watch
The stock is down 2% at time of writing to $215.58. At that price next support is at $208.80. Resistance is at the session high at $218.54.
08:03 EDTMACKMerrimack and Baxalta announce publication of ONIVYDE NAPOLI-1 study
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November 20, 2015
16:02 EDTTSLAOptions Update; November 20, 2015
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12:34 EDTTSLATesla November 215 and 220 puts active following Model S seatbelt recall
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12:14 EDTTSLATesla drops 2% following Model S seatbelt recall
According to multiple media reports, Tesla Motors is recalling all Model S sedans, or 90,000 cars worldwide, to inspect their front seat belts after a a customer in Europe reported that her seat belt disconnected when she turned to talk to rear passengers. Seat belts in the back seat also aren't affected and the the Model X SUV is not affected either. Shares of Tesla are down 2% to $217.26 in early afternoon trading following the news.
12:08 EDTTSLATesla down over 2% after reports of Model S recall
12:08 EDTTSLATesla recalling 90K Model S cars to check seatbelts, Bloomberg says
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09:25 EDTTSLATesla CEO says Autopilot ramp up a 'super high priority'
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November 19, 2015
10:26 EDTCATGoldman says sell Titan with ag and mining weakness expected to continue
Goldman Sachs downgraded Titan International (TWI) to Sell from Neutral today, saying that weakness in agriculture and mining would continue to weigh on the company's results. Goldman's downgrade comes after the company reported much weaker than expected results on November 6. Titan makes tires and wheels used in off-road vehicles which are utilized by farmers and mining and construction companies. WHAT'S NEW Titan derives 80% of its revenue from agriculture and mining, so the weakness in those sectors will continue to hurt its results going forward, wrote Goldman analyst David Tamberino. Additionally, farmers have less money to spend on capital projects, reducing the likelihood that they will adopt Titan's new LSW tires, according to the analyst. Given these factors and the January 2017 maturity of Titan's convertible note, the company could be faced with a cash crunch, the analyst warned. Moreover, Titan is facing increased competition, according to Tamberino. He sharply lowered his 2015-2017 earnings before interest, taxes, depreciation and amortization estimates for the company and slashed his price target on the name to $3 from $8. WHAT'S NOTABLE: Deere (DE), Caterpillar (CAT), and AGCO (AGCO) sell heavy machinery used in agriculture. PRICE ACTION: In early trading, Titan sank 11% to $4.50.
November 18, 2015
09:32 EDTTSLAThe House Oversight & Government Reform Committee to hold a hearing
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08:11 EDTTSLAMusk, Silver Lake investing over $100M in SolarCity, NY Times reports
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06:28 EDTTSLATesla Model 3 will minimize wind resistance, Electrek reports
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November 17, 2015
11:20 EDTTSLATesla in talks with Germany over battery factory, Bloomberg reports
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November 16, 2015
15:36 EDTCATCaterpillar November volatility up into overview of Financial Services
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13:29 EDTCATCaterpillar to host conference call
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09:37 EDTTSLAActive equity options trading on open
Active equity options trading on open: AAPL FB ORCL BAC SUNE FDX FCX EXPE NFLX MU AMZN INTC TSLA
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