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Stock Market & Financial Investment News

News Breaks
February 13, 2013
12:24 EDTRAX, XONE, GE, RATE, DDD, CMCSA, CLF, WCG, PRLBOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday following the president's State of the Union address and a report that showed retail sales growth slowed in January. The Dow and S&P have moved back and forth across the flat line while the Nasdaq remained in positive ground throughout the morning, but was well off its early day highs near noon... ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in January, which was in-line with expectations though down from a 0.5% gain in December. Import prices rose 0.6% during the month, versus expectations for an increase of 0.8%, while Export prices were up 0.3% in January, matching the consensus forecast. Business inventories grew 0.1% in December, versus expectations for a 0.2% increase. Additionally, in his State of the Union address last night, President Obama outlined a mix of old and new proposals intended to jump-start the domestic economy as well as urging Congress to raise the minimum wage to $9 an hour from the existing $7.25. In Europe, Q4 industrial production fell 2.4% from the previous quarter, though production in the euro-zone rose 0.7% on the month in December... COMPANY NEWS: Comcast (CMCSA) announced several important developments late Tuesday and investors reacted favorably, sending its stock up over 4%. The company reported its Q4 results but also announced it will buy General Electricís (GE) remaining 49% equity stake in NBCUniversal for $16.7B, increased its dividend by 20% to 78c per share and said it plans to buy back $2B of its stock in 2013. After the earlier than expected sale of the JV interest, GE said it was raising its share repurchase plan to $35B and accelerating its 2013 share buybacks to about $10B and its shares rose about 3%... MAJOR MOVERS: Among the notable gainers was Proto Labs (PRLB), up 23%, after its better than expected earnings report as well as a positive mention of 3D printing technology by President Obama last night. Shares of publicly traded 3D printer makers moved up as well, including 3D Systems (DDD) and ExOne (XONE). Also higher were shares of WellCare (WCG), which gained 10% after its earnings and revenue both beat consensus expectations. Among the noteworthy losers after earnings reports that sparked analyst downgrades were Bankrate (RATE), down nearly 20% and downgraded at Citi, Rackspace (RAX), down 18% and downgraded at Stifel Nicolaus, and Cliffs Natural (CLF), which was downgraded at Deutsche Bank, Citi and Macquarie and saw shares fall about 19%... INDICES: Near noon, the Dow was down 44.62, or 0.32%, to 13,974.08; the Nasdaq was up 4.55, or 0.14%, to 3,191.04; and the S&P 500 was up 0.30, or 0.02%, to 1,519.73.
News For CMCSA;GE;PRLB;DDD;XONE;WCG;RATE;RAX;CLF From The Last 14 Days
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August 19, 2015
08:05 EDTGEGE Capital unit selected by Bush Hog for financing solutions
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August 18, 2015
16:49 EDTCMCSAOn The Fly: Top stock stories for Tuesday
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16:07 EDTXONEExOne to open new Production Service Center in Sweden
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10:17 EDTCMCSADisney downgraded as Wells moves away from content providers
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10:07 EDTXONEHigh option volume stocks
High option volume stocks: CCOI XONE XDE OMER JMBA URBN W SCCO DKS ESPR FEYE W
09:32 EDTGEGE unveils $100M-plus washer investment in Louisville plant
GE announced an investment of $100M-plus in a new top load washer design and expanded manufacturing capability at its laundry plant in Louisville. This marks the largest laundry launch for GE in 20 years and is another example of the company's continued commitment to U.S. manufacturing.
08:06 EDTPRLBSentiment towards Proto Labs overly pessimistic, says Oppenheimer
Oppenheimer notes that Proto Labs' results have come in below its 25% sales growth/29% operating margin target over the last few quarters. The firm thinks that easy comparisons will help the company's progress towards its goals accelerate over the next few quarters. It believes that the company's margins and overall business have bottomed. The firm keeps a $95 price target and Outperform rating on the shares.
08:04 EDTCMCSABuzzFeed says NBCUniversal to make $200M equity investment in company
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08:00 EDTRATEBankrate reinstated with a Sell at Goldman
Target $9.
07:57 EDTWCGMagellan Iowa loss largely priced into shares, says Jefferies
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August 17, 2015
20:09 EDTCMCSACable companies test virtual reality offerings, Variety says
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19:54 EDTCMCSAComcast online video platform to give creators 70% share of ad revenue, WSJ says
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16:12 EDTWCGMagellan drops after Iowa picks four others for Medicaid
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15:56 EDTWCGWellCare up 4.5% after being awarded Iowa healthcare contract
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15:55 EDTWCGWellCare, Amerigroup, UnitedHealth, AmeriHealth awarded Iowa healthcare contract
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14:44 EDTRATEBankrate management to meet with SunTrust
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10:21 EDTRAXOptions with decreasing implied volatility
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08:02 EDTGEGE Healthcare wins FDA approval for low dose CT lung cancer screening
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August 16, 2015
17:54 EDTCLFUnited Steelworkers union prepares for week of strike action
The United Steelworkers union said it is preparing for a "busy week of events" at U.S. Steel (X), ArcelorMittal (MT), and Cliffs Natural (CLF), as the union's steelworkers prepare for various strike actions and rallies from August 19-21. USW notes that contract negotiations with the companies "continue to proceed slowly," though it reassured that the union committee "continues to meet both internally and with management as the process continues." Reference Link
16:59 EDTCMCSA'Straight Outta Compton' sidesteps rivals in $56.1M weekend debut
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