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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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December 18, 2014
14:00 EDTCRMEarnings Preview: BlackBerry upped at BGC, Goldman says short squeeze possible
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12:03 EDTDEDeere to sell crop insurance business to Farmers Mutual Hail Insurance Company
Deere & Company announced it has reached a definitive agreement to sell its crop insurance business, subject to regulatory approval, to Farmers Mutual Hail Insurance Company of Iowa , headquartered in West Des Moines, Iowa. The action is a result of Deere's previously announced review of strategic options for the crop insurance business. The agreement will result in Deere selling both John Deere Insurance Company and John Deere Risk Protection, Inc., which together made up the crop insurance business unit of John Deere Financial. Closing is expected in the first quarter of the 2015 calendar year.
11:49 EDTCRMOracle soars to 52-week high after Q2 results beat estimates
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December 17, 2014
08:19 EDTCRMSalesforce.com announces launch of Salesforce Files Connect
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December 16, 2014
13:19 EDTCRMResearch firm sees Amazon spinning off AWS in 2015, CNBC reports
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12:52 EDTSKXSkechers nears session lows, levels to watch
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12:40 EDTSKXSkechers decline on December sales concerns unwarranted, analyst says
Shares of footwear maker Skechers (SKX) are falling, but research firm Sterne Agee suggested that the decline is based on inaccurate information. WHAT'S NEW: The volatility in Skechers' stock today was likely due to commentary suggesting that the company's December sales have been disappointing, Sterne Agee analyst Sam Poser wrote in a note to investors today. Most of Skechers' customers say that sales of the company's footwear continue to rise by at least 10% annually, Poser reported after speaking with a number of customers. Moreover, large retailers expect sales of Skechers' products to rise by at least 10% next year, the analyst stated. Skechers' momentum is continuing, according to Poser, who identified the stock as a top pick and kept a $70 price target and Buy rating on the shares. PRICE ACTION: In early afternoon trading, Skechers fell 4.5% to $54.85.
10:51 EDTSKXSkechers weakness based on inaccurate information, says Sterne Agee
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December 15, 2014
07:33 EDTCRMSusquehanna to hold a tour
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December 12, 2014
06:36 EDTCRMSalesforce.com resumed with an Overweight at Piper Jaffray
Price target lowered to $64 from $74.
December 11, 2014
05:23 EDTSTJSt. Jude Medical announces CE Mark approval of Quadra Allure MP CRT-P
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December 10, 2014
20:02 EDTDEDeere reports November U.S./Canada utility tractor sales down 'a single digit'
Deere reports its U.S./Canada utility tractor sales were down "a single digit," while the industry rose 8% in November. Deere reports its U.S./Canada row-crop tractor retail sales were down more than the industry, which was down 29% in the month. Deere's U.S./Canada 4WD tractor retail sales were down more than the industry, which was down 45% in the month. In November, Deere's U.S./Canada combines retail sales were down double digits, but less than the industry, which was down 50%. Information from Deere's retail sales comment for November posted to company's investor relations website. Reference Link
13:53 EDTDEUSDA data still negative for Ag equipment makers, says Wells Fargo
Wells Fargo estimates USDA data for December indicates row crop cash flow will drop 21% from the prior year, which is consistent with November and still negative for farm equipment demand. The firm keeps its negative view on demand trends for farm equipment makers Deere (DE) and AGCO (AGCO). The firm maintains its Underperform rating on AGCO and Market Perform rating on Deere.
13:10 EDTCRMSalesforce.com management to meet with FBR Capital
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10:53 EDTCRMSalesforce.com calls active on activist investor speculation
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10:05 EDTCRMRumor: Salesforce.com moves up on activist investor speculation
December 9, 2014
06:00 EDTCRMSalesforce.com names YouTube CEO Susan Wojcicki to board
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December 8, 2014
07:28 EDTCRMFBN Securities to hold a bus tour
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