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Stock Market & Financial Investment News

News Breaks
November 21, 2012
12:33 EDTZLC, DE, STJ, SQNM, CRM, TLYS, SKXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday in a pre-holiday session marked by little corporate news but a fair amount of economic data. The averages opened quietly after the Labor Department reported a drop in first-time unemployment claims from the prior week, as expected. Among the other economic reports, the consumer confidence reading was slightly lower than expected and the leading economic indicators were slightly above expectations. There was little reaction to any of the reports and volume has been light, which is not surprising... ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 410,000, which was in-line with forecasts. Markit's "flash" November flash PMI rose to 52.4 from 51.0 in October. The final November reading of the University of Michigan Sentiment index slipped to 82.7 from its 84.9 preliminary reading. The leading indicators edged up 0.2% in October to 96.0 from 95.8 in September. In Europe, the region's finance ministers and the IMF were unable to reach a bailout agreement for Greece and will meet again on Monday with an eye on resolving the remaining disagreements. In Asia, Japanese exports fell 6.5% in October, which was worse than expectations of a 4.9% decline... COMPANY NEWS: Salesforce.com's (CRM) Q3 results beat on the top and bottom lines and RW Baird and Wells Fargo reiterated their Outperform ratings on the stock following the report. Shares advanced 8%. Conversely, Deere (DE) shares slumped 4% after its earnings missed expectations, as did its guidance for the coming year... MAJOR MOVERS: Among the notable gainers was Sketchers (SKX), rising 12% after Susquehanna upgraded the stock to Positive from Neutral, citing valuation and product momentum. Also higher were shares of Sequenom (SQNM), up 11% after a committee of the American College of Obstetricians and Gynecologists recommended that cell-free fetal DNA testing be offered to certain at-risk patients. Among the noteworthy losers following their earnings reports were Zale (ZLC), down over 28%, and Tilly's (TLYS), down 17%. Also lower was St. Jude Medical (STJ), which fell 14% after an FDA inspection report cited serious flaws in its oversight of design changes in its Durata line of defibrillator leads... INDICES: Near 12:30 pm ET, the Dow was up 45.14, or 0.35%, to 12,833.65; the Nasdaq was up 7.07, or 0.24%, to 2,923.75; and the S&P 500 was up 2.43, or 0.18%, to 1,390.24.
News For CRM;DE;SKX;SQNM;ZLC;TLYS;STJ From The Last 14 Days
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April 17, 2015
09:36 EDTCRMActive equity options trading on open
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07:04 EDTSKXSkechers May volatility elevated into Q1 and outlook
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April 16, 2015
17:55 EDTCRMCloud computing firms lower after ServiceNow reports Q1 results, guidance
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09:07 EDTCRMSalesforce.com's chief architect Scott Hansma joins LendingClub
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07:36 EDTDEDeere management to meet with Deutsche Bank
Meeting to be held in Seoul, South Korea on April 16 hosted by Deutsche Bank.
April 15, 2015
11:28 EDTSKXSkechers May volatility elevated into Q1 and outlook
Skechers May option implied volatility is at 45, June is at 37, July is at 37; compared to its 26-week average of 39 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 20.
11:23 EDTCRMSalesforce.com participates in a meeting with Stephens
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08:21 EDTDEDeere management to meet with Deutsche Bank
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April 13, 2015
12:42 EDTCRMFly Watch: Wells says ServiceNow likely to unveil upbeat revenue target
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10:15 EDTSQNMHigh option volume stocks
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10:00 EDTSTJOn The Fly: Analyst Upgrade Summary
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07:36 EDTDEDeere management to meet with Deutsche Bank
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06:47 EDTDEDeere reports March U.S./Canada utility tractor sales down less than 5%
Deere reports industry U.S./Canada utility tractor sales were down 5% in March, while Deere sales were down less than the industry in the month. Deere reports its U.S./Canada row-crop tractor retail sales were down more than the industry, which was down 19% in the month. Deere's U.S./Canada 4WD tractor retail sales were down more than the industry, which was down 24% in the month. In March, Deere's U.S./Canada combines retail sales were down more than the industry, which was down 48%. Information from Deere's retail sales comment for March posted to the company's investor relations website.
06:33 EDTSTJSt. Jude Medical upgraded to Neutral from Underperform at Credit Suisse
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April 10, 2015
10:00 EDTTLYSOn The Fly: Analyst Downgrade Summary
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07:03 EDTTLYSTilly's downgraded to Neutral from Buy at B. Riley
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05:57 EDTCRMSalesforce.com implied volatility of 27 at lower end of index mean range
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April 9, 2015
06:05 EDTCRMSalesforce.com implied volatility of 27 at lower end of index mean range
April 8, 2015
06:00 EDTCRMSalesforce.com implied volatility of 28 at lower end of index mean range
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April 7, 2015
12:21 EDTDEDeere management to meet with Piper Jaffray
Meetings to be held in Chicago on April 7, in Milwaukee on April 8 and in Minneapolis on April 9 hosted by Piper Jaffray.

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