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Stock Market & Financial Investment News

News Breaks
March 19, 2013
16:22 EDTABC, LMCA, CAH, WAG, CHTR, EA, LULUOn The Fly: Closing Wrap
Stocks on Wall Street were mixed as the ongoing fears over the situation in Cyprus weighed on the S&P, though the Dow was able to eke out a modest gain. Data released before the open showed housing permits rose to multi-year highs, but headlines out of Europe kept the averages under pressure for much of the afternoon... ECONOMIC EVENTS: In the U.S., housing starts climbed 0.8% from the prior month to a 917K rate in February. Building permits rose by 4.6% to a 946K rate, which was significantly ahead of the consensus forecast. In Europe, ongoing fears about how the situation in Cyprus will play out, including renewed worries that the nation will default or be forced to leave the euro zone, sent the euro currency lower against the U.S. dollar. Cyprus' parliament defeated the bank levy bill and afternoon headlines from Bloomberg said the ECB will provide liquidity to that nation, though only within its existing rules... COMPANY NEWS: Liberty Media (LMCA) announced an agreement to pay $2.617B for a 27.3% stake in Charter Communications (CHTR). Charter shares, which gained nearly 10% yesterday as media reports of the Liberty investment circulated, advanced another $2.34, or 2.39%, to $100.38, while Liberty shares closed down 32c, or 0.29%, to $110.34... lululemon (LULU) lost $1.82, or 2.76%, to $64.08 after issuing a recall of its Black Luon pants, citing a sheerness problem. lululemon cut its Q1 revenue and same-store-sales guidance as a result of the recall, and shares were downgraded at Sterne Agee... MAJOR MOVERS: Among the notable gainers was Walgreen (WAG), up $2.31, or 5.44%, to $44.74 after reporting earnings and announcing it agreed to a long-term pharmaceutical distribution agreement with AmerisourceBergen (ABC). AmerisourceBergen shares rose $1.76, or 3.64%, to $50.06 after the agreement, which grants Walgreen the right to buy a stake in AmerisourceBergen. Among the noteworthy losers was Electronic Arts (EA), down $1.56, or 8.34%, to $17.15 after its CEO resigned and the company warned it will likely come in below or near the bottom of its prior guidance. Also lower was Cardinal Health (CAH), down $3.78, or 8.19%, to $42.35 after the company announced its agreement with Walgreen will end in August and the company provided a FY14 EPS view below consensus... INDICES: The Dow was up 3.76, or 0.03%, to 14,455.82; the Nasdaq was down 8.49, or 0.26%, to 3,229.10; and the S&P 500 was down 3.76, or 0.24%, to 1,548.34.
News For CHTR;LMCA;LULU;WAG;ABC;EA;CAH From The Last 14 Days
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November 18, 2014
05:55 EDTLULUStocks with implied volatility above IV index mean; GME LULU
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05:34 EDTEAElectronic Arts initiated with an Overweight at Barclays
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November 17, 2014
08:37 EDTCAHCardinal Health management to meet with FBR Capital
Meetings to be held in the Midwest November 17-18 hosted by FBR Capital.
06:05 EDTLULUStocks with implied volatility above IV index mean; GME LULU
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November 14, 2014
17:07 EDTCHTRSoros Fund Management gives quarterly update on stakes
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16:39 EDTCHTRBerkshire Hathaway gives quarterly update on stakes
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10:00 EDTLULUOn The Fly: Analyst Downgrade Summary
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09:38 EDTCHTRJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
09:16 EDTLULUOn The Fly: Pre-market Movers
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09:05 EDTEANPD says U.S. video game sales down 27% in October, Bloomberg reports
U.S. retail sales of video-game hardware and software in October were nearly flat compared to the same month of last year at $790.7M, according to NPD Group, which noted that game sales fell 27% and hardware sales increased 59%, reported Bloomberg. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Game console makers include Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOY). Reference Link
09:03 EDTLULUlululemon downgraded at Sterne Agee
As noted earlier, Sterne Agee downgraded lululemon to Neutral from Buy. The firm believes that the company's brand has been damaged, causing many customers to leave, while its competition has become stronger. Target $39.
08:54 EDTLULUlululemon down 2% to $44.14 in pre-market following Sterne Agee downgrade
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06:30 EDTLULUlululemon downgraded to Underperform from Neutral at Sterne Agee
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05:52 EDTEAOctober NPD video game software sales fell 27%, says Piper Jaffray
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November 13, 2014
18:40 EDTABCOn The Fly: After Hours Movers
UP AFTER EARNINGS: TubeMogul (TUBE), up 12.4%... Weibo (WB), up 3.2%... Nordstrom (JWN), up 3.1%. ALSO HIGHER: Geron (GERN), up 30.7% after announcing a global strategic collaboration with Janssen Biotech... Baker Hughes (BHI), up 16.2% following reports that the company is in talks to be acquired by Halliburton (HAL)... Halliburton is up 1.4%... Pandora (P), up 4% after announcing a conference call to discuss Web IV proceeding... AmerisourceBergen (ABC), up 1.1% after being awarded a $4.06B government contract. DOWN AFTER EARNINGS: Retrophin (RTRX), down 6.6%... Phoenix New Media (FENG), down 8.4%... Voxeljet AG (VJET), down 8.6%... Intrexon (XON), down 1.1%... Youku Tudou (YOKU), down 5.7%... Applied Materials (AMAT), down 2.5%. ALSO LOWER: Puma Biotechnology (PBYI), down 6.9% following PB272 Phase II Trial results... EnLink Midstream (ENLK), down 4.8% after filing to sell 10.5M common units representing limited partners.
17:38 EDTABCAmerisourceBergen awarded $4.06B government contract
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14:50 EDTWAGLonestar Capital to shut down by mid-2015, WSJ reports
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14:45 EDTWAGLonestar capital to shut down, DJ reports
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09:16 EDTABCAmerisourceBergen management to meet with Leerink
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06:04 EDTLULUStocks with implied volatility above IV index mean; GME LULU
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