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Stock Market & Financial Investment News

News Breaks
April 23, 2014
10:11 EDTGWPH, CNC, SAVE, IAU, JNSHigh option volume stocks: CNC JNS SAVE GWPH IAU
News For CNC;JNS;SAVE;GWPH;IAU From The Last 14 Days
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February 10, 2016
14:57 EDTCNCCentene concludes internal search for information technology asets
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07:15 EDTGWPHLeerink to hold a conference
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07:08 EDTGWPHGW Pharmaceuticals reports Q4 EPS (10c), may not compare to one est. ($1.53)
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February 9, 2016
16:53 EDTSAVEOn The Fly: Top stock stories for Tuesday
Stocks began the day sharply lower in the wake of a stock market selloff in Japan, but the domestic averages quickly gathered themselves and were in positive territory before long. From there stocks spent most of the day searching for direction but not moving far from the flat line. A late day rally made it seem like a green close was possible, but the averages could not hold and the market's losing streak continued, though the losses were modest. ECONOMIC EVENTS: In the U.S., wholesale sales dipped 0.3% in December, while inventories fell 0.1%. The Labor Department's Job Openings and Labor Turnover Survey showed job openings rose 261,000 in December to about 5.61M. In Asia, most major markets remain closed for Chinese New Year, but one of the exceptions, Japan, saw its main indexes plunge, as the Nikkei dropped 5.4% and the Topix fell 5.5%. COMPANY NEWS: Class A shares of 21st Century Fox (FOXA) declined 1.85% to $24.14 after the company reported lower than expected second quarter revenue and cut its 2016 outlook, while peer Viacom (VIAB) tumbled 21.5% to $32.86 following its own revenue miss. The largest name in the space, Disney (DIS), rose fractionally ahead of its own earnings report after the bell, but its shares dipped nearly 3% in after-hours trading following the company's report... Deutsche Bank (DB) continued its recent slide, falling another 1% in New York trading despite a report of co-CEO John Cryan telling employees in a memo that the bank is "absolutely rock-solid." The stock came well off its lows in afternoon trading, however, after Financial Times said the German giant is considering buying back several billion euros of its debt... Anadarko Petroleum (APC) lost 7.5% to $37.06 after slashing its dividend to 5c from 27c per share, with Anadarko Chairman and CEO Al Walker defending the step as "the appropriate action to take in the current environment." MAJOR MOVERS: Among the notable gainers was Boston Scientific (BSX), which advanced 5% to $16.87 after announcing that the government's Medicare and Medicaid will cover its Watchman cardiac device. Also higher was Salesforce (CRM), which gained 6.1% to $57.33 after being upgraded to Hold from Underperform at Jefferies, with the research firm arguing that Salesforce is seeing improved traction in enterprise and continued solid mid-market performance. In addition, Wyndham (WYN), Spirit Airlines (SAVE) and Masco (MAS) rose 2.6%, 5.8% and 8.2%, respectively, following their quarterly earnings reports. Among the noteworthy losers was ITC Holdings (ITC), which fell 1.85% to $38.65 after agreeing to be acquired by Fortis in a cash-and-stock deal valued at roughly $11.3B. Also lower were Regeneron (REGN) and Wendy's (WEN), which lost 6.3% and 4.3%, respectively, after announcing their quarterly results. INDEXES: The Dow fell 12.67, or 0.08%, to 16,014.38, the Nasdaq lost 14.99, or 0.35%, to 4,268.76, and the S&P 500 declined 1.23, or 0.07%, to 1,852.21.
12:00 EDTSAVESpirit Airlines says 'nothing to report' on whether company interested in merger
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09:40 EDTSAVESpirit Airlines sees FY16 capacity up 20%
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09:39 EDTSAVESpirit Airlines sees Q1 capacity up 27.5%
Spirit Airlines sees Q1 capacity, as measured by Available Seat Miles, or ASMs, up 27.5%. Sees Q1 operating margin of 19%-20.5%. Sees Q1 adjusted CASM ex-fuel down 2.5%-3.5% year-over-year. Sees Q1 economic fuel cost per gallon $1.25. Guidance in a regulatory filing.
06:17 EDTCNCCentene sees FY16 adjusted EPS $4.05-$4.40, consensus $4.25
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06:16 EDTCNCCentene reports Q4 EPS 91c, consensus 86c
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06:08 EDTSAVESpirit Airlines reports Q4 total revenue per passenger flight segment down 12.6%
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06:02 EDTSAVESpirit Airlines reports Q4 adjusted EPS $1.02, consensus 99c
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February 8, 2016
14:28 EDTCNCNotable companies reporting before tomorrow's open
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11:34 EDTCNCCentene gets contract recommendation for Nebraska's Heritage Health program
Centene announced that its subsidiary, Nebraska Total Care, has been selected by the Nebraska Department of Health and Human Services', DHSS, Division of Medicaid and Long-Term Care as one of three managed care organizations, MCO, to administer its Heritage Health program. Heritage Health is a new healthcare delivery system that combines Nebraska's current physical health, behavioral health, and pharmacy programs into a single comprehensive and coordinated system for 230,000 Medicaid and Children's Health Insurance Program enrollees. Nebraska Total Care has been selected to operate statewide.
07:48 EDTSAVESpirit Airlines volatility elevated into Q4 and outlook
Spirit Airlines February call option implied volatility is at 64, March is at 58; compared to its 52-week range of 29 to 67, suggesting large near term price movement into the expected release of Q4 results on February 9.
February 1, 2016
08:58 EDTCNCCentene files to sell 1.14M shares of common stock for RGA International
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08:17 EDTCNCCenturion selected to provide correctional healthcare in Florida
Centene Corporation announced that Centurion of Florida, a JV between Centene and MHM Services, has reached a formal agreement to provide correctional healthcare services for the Florida Department of Corrections in Regions 1, 2 and 3. This agreement with Centurion is a result of the State undertaking negotiation of a gap contract due to early termination by its prior vendor. The initial term of Centurion's contract with the Department of Corrections runs through January 2018 when the Department anticipates completion of a formal procurement. However, the agreement also includes optional renewal periods if the formal procurement is not finalized in the anticipated timeframe. Centurion will provide comprehensive healthcare services to over 70,000 inmates housed at facilities throughout the three Regions.

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