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Stock Market & Financial Investment News

News Breaks
March 6, 2014
12:28 EDTLOV, BJRI, AAPL, PXLW, COST, P, SPLSOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as a drop in weekly jobless claims may have increased confidence that tomorrow's closely watched monthly jobs report may not be as bad as feared. Other reports showed factory orders fell in January and fourth quarter non-farm productivity was downwardly revised, but both of those were widely expected. The Dow has been today’s leader while the Nasdaq has been the laggard, reversing yesterday's trend. ECONOMIC EVENTS: In the U.S., weekly jobless claims fell 26K to 323K, which was better than the forecast for 335K initial claims. The government's estimate of productivity growth in the fourth quarter was lowered sharply to 1.8% from 3.2%, though this was generally in line with analysts' expectation. Unit labor costs fell 0.1% in the quarter, which was less than anticipated. Factory orders declined 0.7% in January, though that was only a bit worse than expected and was improved from the prior month's drop. Excluding transportation, orders were up 0.2%. In Europe, the European Central Bank and the Bank of England kept their key interest rates unchanged. COMPANY NEWS: Wholesale club operator Costco (COST) fell over 2% after its second quarter earnings and sales came in below analysts consensus estimate. Costco said its second quarter comparable store sales rose 3% and that its February comparable store sales were up 2%... Shares of office products retailer Staples (SPLS) plunged 15% after the company's fourth quarter results and first quarter guidance trailed expectations. The company also announced it expects to close up to 225 stores in North America by the end of 2015 and that it will no longer provide annual sales or EPS guidance. MAJOR MOVERS: Among the notable gainers was Pixelworks (PXLW), which jumped 55% after the company disclosed that more than 10% of its revenue in 2013 was attributable to its sales to Apple (AAPL). Also higher was BJ's Restaurants (BJRI), which rose 18% after two different investor groups stated their intent to nominate slates to stand for election to BJ's board and the stock was upgraded to Buy at Buckingham. Among the noteworthy losers was internet radio provider Pandora (P), which fell 2.5% after its listener hour growth decelerated to 9% in February and the company announced it will discontinue its monthly report of key metrics. Also lower was Spark Networks (LOV), which was downgraded at both Canaccord and William Blair and fell 21% after the company's earnings report and forecast that revenue from its Christian Mingle website would drop modestly in 2014. INDEXES: Near midday, the Dow was up 85.41, or 0.52%, to 16,445.59, the Nasdaq was up 10.94, or 0.25%, to 4,368.92, and the S&P 500 was up 7.63, or 0.41%, to 1,881.44.
News For COST;SPLS;P;PXLW;AAPL;BJRI;LOV From The Last 14 Days
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July 15, 2015
12:38 EDTAAPLGundlach says out of Apple position
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11:01 EDTAAPLApple introduces new iPod touch, unveils new colors for iPod models
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09:53 EDTAAPLHSBC UK says Apple Pay support coming within 2 weeks, Apple Insider says
HSBC UK (HSBC) said that Apple Pay (AAPL) support is in its final testing and availability will be coming within two weeks, reports Apple Insider. An HSBC spokesperson said, "We are excited to be one of a small number of Apple Pay launch partners. We have been working closely with Apple and are now properly reviewing and testing our systems before launching in two weeks." Reference Link
09:34 EDTPPandora downgraded to Mixed from Positive at OTR Global
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09:32 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL FB BAC RCPT MU YUM NFLX CELG
06:39 EDTAAPLApple to release new iPod touch, 9to5Mac reports
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06:33 EDTAAPLApple 'in touch' with Iranian distributors to sell products there, WSJ reports
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06:03 EDTPStocks with implied volatility above IV index mean; P HLF
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July 14, 2015
16:01 EDTAAPLOptions Update; July 14, 2015
iPath S&P 500 VIX Short-Term Futures down 15c to 17.76 Option volume leaders: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT NFLX TSLA TWTR MPC
15:52 EDTAAPLApple Pay in U.K. less lucrative than U.S., FT says
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13:18 EDTAAPLProbendi sues Apple over iWatch name, Bloomberg reports
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09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT
08:56 EDTAAPLMorgan Stanley names 'Vintage Values 2016' list
Morgan Stanley named its "Vintage Values 2016" list, comprised of the firm's analysts' best ideas to hold over the next 12 months. Included on the list are Ameriprise (AMP), Apple (AAPL), Bank of America (BAC), Comcast (CMCSA), Crown Castle (CC), Estee Lauder (EL), Hilton (HLT), Ingersoll-Rand (IR), LinkedIn (LNKD), Magna (MGA), Marathon Oil (MRO), McKesson (MCK), Oaktree Capital (OAK), Thermo Fisher (TMO) and Visa (V).
08:19 EDTAAPLFBR Capital looks past 'speed bump' in Apple shares
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07:32 EDTCOSTFederal Reserve Bank of Kansas City to hold a symposium
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06:37 EDTAAPLApple progresses in TV app talks with networks, NY Post reports
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06:30 EDTAAPLApple Pay launches in U.K., has technical problems, Reuters reports
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05:59 EDTPStocks with implied volatility above IV index mean; P HLF
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05:53 EDTAAPLSamsung expected to launch Galaxy Note 5 on August 14, DigiTimes reports
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05:53 EDTAAPLReport: Apple research center in Japan part of govt IT strategy, DigiTimes says
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