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Stock Market & Financial Investment News

News Breaks
January 9, 2013
12:37 EDTDISH, HA, NUVA, S, APOL, HLF, CLWR, GPNOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after Alcoa (AA) unofficially kicked off the earnings season last night by matching analysts' earnings estimates and topping revenue expectations. Alcoa's report may be lending a sense of optimism that companies may be able to exceed the lowered expectations for the earnings season now getting underway. The market's bounce from its recent run of lower closes may not be long lived if lawmakers do not make progress, as highlighted again in a Washington Post report that said the U.S. may reach the current limit on the debt ceiling as soon as February 15, about two weeks earlier than previously expected... ECONOMIC EVENTS: In the U.S., the EIA's weekly petroleum status update showed that inventories of crude oil built up but by fewer barrels than expected, while gasoline and distillates built up by more than expected. In Europe, industrial output in Germany grew slightly in November but fell short of expectations, as the 0.2% adjusted monthly rise missed expectations for a 1.0% increase... COMPANY NEWS: Shares of Clearwire (CLWR) rose nearly 8% to $3.15 after the company got an unsolicited $3.30 per share buyout bid from Dish Network (DISH). The offer sets up a potential takeover battle with Sprint (S), which already owns a majority stake in Clearwire and has a deal in place to acquire the remaining interest... Another potential Wall Street showdown made headlines, related to two prominent hedge fund managers and their conflicting positions on Herbalife (HFL). Shares of Herbalife spiked higher and were up almost 5% near noon, after hedge fund Third Point, managed by Dan Loeb, disclosed an 8.24% passive stake. The holding puts Loeb in opposition with Bill Ackman of Pershing Square, who has a large and well publicized short position in the company... MAJOR MOVERS: Among the notable gainers was NuVasive (NUVA), which rose nearly 12% after reporting preliminary revenue that beat expectations and having its stock upgraded to Sector Perform at RBC Capital. Also higher were shares of Global Payments (GPN), up about 6% after JPMorgan upgraded the stock and RBC Capital raised its price target on shares following the company's report and increased guidance. Among the noteworthy losers was Apollo Group (APOL), which fell 9% following more than one downgrade of the stock after its Q1 report. Also lower were shares of Hawaiian Holdings (HA), which slid over 6% following a two notch downgrade to Underperform from Buy at Bank of America Merrill Lynch... INDICES: Near noon, the Dow was up 80.63, or 0.60%, to 13,409.48; the Nasdaq was up 14.66, or 0.47%, to 3,106.47; and the S&P 500 was up 4.86, or 0.33%, to 1,462.01.
News For CLWR;S;DISH;HLF;NUVA;GPN;APOL;HA From The Last 14 Days
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December 17, 2014
07:23 EDTGPNGlobal Payments price target raised to $90 from $80 at Oppenheimer
Oppenheimer increased its price target on Global Payments as the firm thinks the company could benefit from solid regional trends, various pricing/fee opportunities and aggressive OptBlue participation. Oppenheimer says that Global Payments' fundamentals appear to be strong, while its multiple should rise as its North American margins increase. Oppenheimer keeps an Outperform rating on the shares.
December 16, 2014
14:11 EDTSSprint may face $105M FCC fine over billing, Bloomberg reports
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13:31 EDTSSprint to conclude NASCAR partnership after 2016 season
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06:03 EDTHLFHerbalife insider trading case dismissed by SEC, NY Post reports
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December 15, 2014
07:57 EDTHADeutsche ups targets on Airlines amid lower fuel prices
Deutsche Bank expects 2015 to be an even stronger year than 2014 for Airline stocks and believes carriers will continue to "share their growing wealth with their stakeholders." Deutsche sees lower fuel prices and reduced interest expense providing benefits in 2015. The firm raised its price target for Allegiant Travel (ALGT) to $174 from $150, for Hawaiian Holdings (HA) to $27 from $19, for JetBlue (JBLU) to $21 from $17, for Southwest (LUV) to $55 from $46, for Spirit Airlines (SAVE) to $95 from $85, for United Continental (UAL) to $80 from $50, for American Airlines (AAL) to $67 from $54 and for Alaska Air (ALK) to $53 from $42.50. Deutsche keeps a $60 price target on shares of Delta Air Lines (DAL). The firm has a Buy rating on all name in the space save for Alaska Air, which it rates Sell.
07:32 EDTNUVAStifel to hold a bus tour
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December 11, 2014
09:35 EDTHLFHerbalife says product claims have 'strict rules and guidelines'
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09:34 EDTHLFVideo entitled 'Harmful Promises' posted to Ackman's Herbalife website
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06:24 EDTDISHDISH plans to leave broadcast channels out of basic online TV package, WSJ says
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05:18 EDTDISHNexstar, DISH reach distribution agreement
Nexstar Broadcasting (NXST) announced that it reached a new distribution agreement with DISH Network (DISH) allowing the satellite television provider the right to continue to air Nexstarís programming. The agreement covers Nexstarís broadcast platform inclusive of 60 network affiliated and local stations in 46 markets. On Monday, December 8, Nexstar granted DISH an extension until 11:59 p.m. ET tonight to the companiesí previous agreement.
December 10, 2014
10:24 EDTSSprint retreats after Oppenheimer cuts rating to Underperform amid price war
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10:00 EDTSOn The Fly: Analyst Downgrade Summary
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09:12 EDTSRadioShack threatens bankruptcy if cell phone deals not reworked, NY Post says
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07:58 EDTSSprint downgraded to Underperform from Perform at Oppenheimer
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05:53 EDTDISHStocks with implied volatility movement; SPLS DISH
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December 9, 2014
10:28 EDTSVerizon drops after warning about promotional impact on profits
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06:32 EDTDISHCitigroup calls on DISH to split into two companies
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05:24 EDTDISHNexstar provides third extension to DISH distribution agreement
Nexstar Broadcasting (NXST) announced that it has provided the third extension of its distribution agreement with DISH Network (DISH) allowing the satellite television provider the right to continue to air Nexstarís highly rated programming until 11:59 p.m. ET on Wednesday, December 10. The agreement covers Nexstarís broadcast platform inclusive of 60 network affiliated and local stations in 46 markets. DISHís previous extension with Nexstar expires at 11:59 p.m. ET. Nextar stated that for over two months, it has been negotiating in good faith to establish a mutually agreeable contract with DISH and Nexstar remains hopeful that a resolution can be reached without a service interruption to viewers in affected markets.
December 8, 2014
16:02 EDTHAHawaiian Holdings reports Nov. passenger traffic up 6.7% to 817,583
Reports November RPMs up 4.4% to 1.11M. Reports November ASMs up 2.9% to 1.39M. Reports November Load Factor up 1.1 percentage points to 80.3%.
14:56 EDTSMDC Partners climbs for third day after making announcement on CRM unit
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