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Stock Market & Financial Investment News

News Breaks
February 13, 2013
12:24 EDTRATE, DDD, CMCSA, CLF, WCG, PRLB, RAX, XONE, GEOn 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 Electric’s (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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March 17, 2015
10:21 EDTCMCSAAtlanta Braves and Comcast announce technology and real estate partnership
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10:01 EDTGEGeneral Electric announces Chief Communications Officer Gary Sheffer to retire
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10:00 EDTXONEOn The Fly: Analyst Downgrade Summary
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09:25 EDTXONEOn The Fly: Pre-market Movers
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08:33 EDTRATEBankrate sees Q4 revenue $136.5M, consensus $138.95M
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07:40 EDTXONEExOne guidance 'pretty good,' says Oppenheimer
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07:23 EDTGEEC extends GE-Alstom deal decision deadline to August 6
The European Commission has extended the deadline on its decision on the deal between General Electric (GE) and Alstom (ALSMY) by 20 working days to August 6, according to a post to the commission's site. Reference Link
07:18 EDTGESatellite & Access Intelligence to hold a exhibition
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06:50 EDTRAXRackspace volatility at low end of historic range
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06:18 EDTGEGeneral Electric CEO says GE Capital will focus on improving returns
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05:39 EDTXONEExOne downgraded to Market Perform from Outperform at FBR Capital
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March 16, 2015
19:00 EDTXONEOn The Fly: After Hours Movers
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17:18 EDTXONEExOne sees FY15 revenue $58M-$66M, consensus $61.77M
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17:17 EDTXONEExOne reports Q4 EPS (50c), may not compare to consensus (5c)
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15:57 EDTGEGeneral Electric March calls active
General Electric March call option implied volatility is at 19, April and May is at 15; compared to its 26-week average of 15 according to Track Data, suggesting non-directional price movement.
10:44 EDTCMCSANetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
10:28 EDTGEOptions with increasing implied volatility
Options with increasing implied volatility: PVA NFLX BMRN DNOW MYL TEVA PEP GE
08:19 EDTGEGE announces $100M in new programs in Saudi Arabia
GE announced $100M in new programs that will further the company’s localization efforts, build innovation capacity, and create jobs in advanced manufacturing and software analytics in Saudi Arabia. This new investment adds to GE’s $1B commitment over the past three years in the Kingdom, and aligns the company with the country’s Vision 2024 and Ninth Development Plan to diversify the economy, drive industrialization and manufacturing, and build the next-generation of human capital skill-sets in materials and data science.
07:53 EDTXONEExOne March volatility elevated at 135 into Q4 and outlook
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March 15, 2015
12:41 EDTGEGE sells Australia-New Zealand consumer lending unit to consortium
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