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Stock Market & Financial Investment News

News Breaks
May 1, 2012
16:58 EDTCHK, PFE, SHLD, PLXT, IDTI, PFCB, HLF, PBYOn The Fly: Closing Wrap
Stocks on Wall Street were higher following an encouraging report on U.S. manufacturing. Stock futures were quiet during the pre-market trading session as investors digested the latest round of corporate earnings without having to deal with any new economic reports. The futures action led to a relatively quiet open for the broader market. The market received a lift following the ISM manufacturing report, which was better than expected. The data lifted to the market to fresh recovery highs on the Dow while recent highs were also within striking distance for the Nasdaq and S&P. The market met resistance at the new levels and pared its gains in the afternoon hours... ECONOMIC EVENTS: Domestically, the ISM manufacturing index rose to 54.8 in April, beating forecasts for a reading of 53.0. Construction spending for March increased by 0.1%, versus expectations of an increase of 0.5%. In China, the official purchasing managersí index for manufacturing rose to 53.3 in April... COMPANY NEWS: Chesapeake (CHK) said it would appoint a new non-executive chairman in the near future to replace CEO Aubrey McClendon in that role. McClendon, who will remain on as CEO, also agreed to an early termination of the well participation program that has drawn a firestorm of recent backlash from media, investors and regulators. Shares gained $1.16, or 6.29%, to close at $19.60 ahead of the company's earnings report, due out after the bell... Dow component Pfizer (PFE) reported earnings that beat consensus but lowered its full year forecast to account for the divestiture of its Nutrition business... Sears Holdings (SHLD) gained $8.27, or 15.38%, to $62.05 after saying its Q1 domestic same store sales fell 1.3%, which was a significant improvement from the declines seen in the same period last year, and forecasting a return to earnings from continuing operations in the quarter... MAJOR MOVERS: Among the notable gainers were PLX Technology (PLXT), up $2.68, or 67.34%, to $6.66, after saying it will be acquired by Integrated Device Technology (IDTI) for $7 per share in cash and stock, and P.F. Chang's (PFCB), up $11.79, or 29.71%, to $51.48, on news it will be acquired and taken private by Centerbridge Partners for $51.50 per share in cash. Noteworthy losers included Herbalife (HLF), down $14.02, or 19.94%, to $56.30, after hedge fund manager and noted short-seller David Einhorn asked some critical questions during the company's earnings conference call, and Pep Boys (PBY), down $3.31, or 22.17%, to $11.62, after the Gores Group hinted it may attempt to walk away from its proposed $1B takeover of the company following Pep Boys' warning on its Q1 results... INDICES: The Dow gained 65.69, or 0.50%, to 13,279.32; the Nasdaq rose 4.08, or 0.13%, to 3,050.44; and the S&P 500 added 7.91, or 0.57%, to 1,405.82.
News For CHK;PFE;SHLD;PLXT;IDTI;PFCB;HLF;PBY From The Last 14 Days
Check below for free stories on CHK;PFE;SHLD;PLXT;IDTI;PFCB;HLF;PBY the last two weeks.
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July 22, 2014
05:16 EDTPLXTPLX Technology reports Q2 continuing operations EPS 5c, consensus 3c
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July 21, 2014
15:26 EDTHLFAckman says Herbalife presentation will probe nutrition clubs
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14:45 EDTHLFHerbalife releases new video highlighting 'positive impact' of nutrition clubs
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14:02 EDTHLFHerbalife falls after Ackman teases presentation on coming 'collapse'
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13:55 EDTHLFIcahn has not sold 'single share' of Herbalife, Gasparino says
"Sources tell @FoxBusiness uncle @Carl_C_Icahn has not sold a single $hlf share," Fox Business' Charles Gasparino stated on Twitter. Reference Link
13:45 EDTHLFHerbalife puts active ahead of Bill Ackman presentation
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13:04 EDTHLFHerbalife spikes lower on Ackman comments, levels to watch
Shares are down over 6.3% to $56.92 at time of writing after Bill Ackman stated that he was going to expose an "incredible fraud" tomorrow at 10am ET, detailing why he believes the company will collapse. At current price next support is at $56.18, the low of the day. Resistance is at $57.91.
12:51 EDTHLFHerbalife sinks 6% after Ackman says presentation will detail collapse
12:49 EDTHLFAckman says going to expose 'incredible fraud' tomorrow
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12:48 EDTHLFAckman says Herbalife presentation tomorrow most important of career
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12:46 EDTHLFAckman says Herbalife presentation will show why company will collapse
Bill Ackman of Pershing Square is speaking on CNBC.
July 20, 2014
11:58 EDTCHKCaterpillar, five others should benefit from global recovery, Barron's says
Caterpillar (CAT), Teradata (TDC), Kennametal (KMT), Capital One Financial (COF), T. Rowe Price Group (TROW), and Chesapeake Energy (CHK) are all relatively cheap and should benefit from global recovery, Barron's contends in its cover article. Reference Link
July 18, 2014
10:38 EDTPBYAutoZone, O'Reilly drop following Stifel downgrades
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09:01 EDTHLFHerbalife says independent members 'demand opponents stop lies and smears'
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July 17, 2014
13:47 EDTHLFHerbalife says 'confident' will overcome Pershing's 'campaign of misinformation'
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13:47 EDTHLFHerbalife says Pershing Square's campaign 'based on propaganda'
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13:46 EDTHLFHerbalife says 'stands behind quality' of products
Herbalife issued the following statement regarding the strength and integrity of its business: "Herbalife has the utmost trust in the integrity of our business model and that we are in compliance with all applicable laws and regulations. We are cooperating fully with the FTC and welcome the opportunity to clear up misinformation in the marketplace. Herbalife stands behind the quality of our products and our commitment to member satisfaction and consumer protection. Herbalife continues to face an unprecedented and unrelenting attack from Pershing Square to support its $1B bet to manipulate and drive Herbalife's stock price to zero to the detriment of our investors, members, customers and employees. Herbalife is confident that the facts are on its side and that it will overcome Pershing Square's campaign of misinformation about the Company as the truth about Pershing Square's increasingly desperate accusations is revealed. Attacks on Herbalife have been clearly orchestrated by Pershing Square and its agents. Pershing Square's attack on the Company lacks any impartiality or accountability. Pershing Square has no duty to any member of the public and is unhindered by the disclosure obligations imposed upon publicly traded corporations. With Pershing Square's limited accountability, in light of the historical regulatory scrutiny placed on Herbalife, it has made the astonishing claim that it is a "provable certainty" Herbalife is a massive, sprawling fraud that had gone undetected for more than 30 years. Pershing Square is claiming that decades of Herbalife management, and a material number of members had all kept this secret.Pershing Square has admittedly spent more than $20B and 18 months trying to find former Herbalife members from as far back as 2008 that will complain about their experience with the Company. In fact, Pershing Square has even been willing to pay multi-million dollar bounties to anyone willing to generate negative publicity against Herbalife and support Pershing Square's agenda. The reason why Pershing Square has so few relative voices is because, as demonstrated through third party studies, the overwhelming majority of our members have been very satisfied, and we are proud of that track record. In fact, Pershing Square's own well-financed campaign to find dissatisfied customers has actually largely validated our consumer reputation. Ultimately, Pershing Square's campaign is based on propaganda."
11:56 EDTHLFPershing Square to reveal investigation into Herbalife Nutrition Clubs
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08:08 EDTPFEBristol-Myers, Pfizer announce enrollment in Phase IV EMANATE trial for Eliquis
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05:53 EDTHLFStocks with implied volatility movement; HLF ABBV
Stocks with implied volatility movement; Herbalife (HLF) 52, AbbVie (ABBV) 30 according to iVolatility.
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