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May 10, 2012
12:11 EDTCSCO, SGI, KERX, TSLA, WIN, PANL, KSS, PCLN, INSP, MNST, SNE, NWSA, WFROn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with the Dow higher in spite of a steep decline in shares of Cisco (CSCO) following its earning report and guidance. Stock futures rallied into positive territory during the pre-market trading session, with the move solidified by the in line jobless claims data and a rally in stock markets in Europe. U.S. equities opened higher but met resistance in the early going. The failure to push through some technical levels saw the market lose some of its steam. The averages have been generally mixed since about an hour into trading, with the Dow and S&P higher and the Nasdaq in negative territory... ECONOMIC EVENTS: In the U.S., 367,000 initial jobless claims were reported, which was basically in line with last week's figure and with consensus estimates. The U.S. trade deficit grew 14.1% to $51.83B in March, versus estimates of $50.0B. U.S. imports grew 5.2%, the biggest gain since January 2011, while U.S. exports rose 2.9% to a record $186.8B. Also, import prices decreased 0.5%, versus the expected decrease of 0.2%. In Europe, the Bank of England left its benchmark interest rate at 0.5%, as expected, and did not increase its plans for asset purchases. In China, foreign trade growth in April disappointed as exports rose only 4.9% from a year earlier, down from 8.9% in March... COMPANY NEWS: Dow component Cisco reported quarterly earnings and revenue that just beat consensus views but forecast earnings in the coming quarter below the Street's expectations. The company's pessimistic view on challenges in Europe and weakness in India resonated with investors and the stock slid nearly 10%... News Corp. (NWSA) shares gained about 5% after the company reported revenue and profit that beat expectations and it raised its stock repurchase program by $5B to $10B... Sony (SNE) projected it will swing back to profit this fiscal year on a recovery in its consumer electronics and component businesses, giving its shares a 1% boost... Among others reporting earnings, advancers included Monster Beverage (MNST) and InfoSpace (INSP); decliners included Priceline.com (PCLN), Kohl's (KSS), Universal Display (PANL) and Windstream (WIN)... MAJOR MOVERS: Among the notable gainers were Tesla Motors (TSLA), up nearly 12%, after it reported quarterly sales and losses that were worse than expected but also increased the low end of its full year revenue guidance, and Keryx Biopharmaceuticals (KERX), up more than 16%, following upgrades to Buy ratings at Ladenburg and Roth Capital, which both cited the company's Zerenex program. Noteworthy losers included Silicon Graphics (SGI), down over 27%, after projecting losses for next quarter and for the year, and MEMC Electronic (WFR), down 20%, following its report of quarterly losses that were steeper than expected... INDICES: Near noon, the Dow was up 26.83, or 0.21%, to 12,861.89; the Nasdaq was down 11.13, or 0.38%, to 2,923.58; and the S&P 500 was up 2.76, or 0.20%, to 1,357.34.
News For CSCO;NWSA;SNE;MNST;INSP;PCLN;KSS;PANL;WIN;TSLA;KERX;SGI;WFR From The Last 14 Days
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April 4, 2014
09:45 EDTCSCOWells questions validity of low FireEye score in NSS Labs report
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09:36 EDTTSLAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA MU GNK AMZN FB GILD MA NFLX
06:24 EDTSNEElectronic Arts hires Sony developer Amy Hennig
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April 3, 2014
16:13 EDTCSCOCisco initiated with an Outperform at Northland Securities
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16:00 EDTTSLAOptions Update; April 3, 2014
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12:42 EDTMNSTEnergy drink MLM changes practices amid scrutiny of Herbalife, NY Post says
Vemma, a multilevel marketing company that makes Verve brand energy drinks, said it is changing its business practices as the Federal Trade Commission investigates Herbalife (HLF), which has a similar business model, reported The New York Post. Monster Beverage (MNST), which like Herbalife has drawn a fair amount of scrutiny from lawmakers, markets energy drinks that compete with Vemma's. Reference Link
12:04 EDTWINOptions with increasing implied volatility: NSR WIN
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09:37 EDTTSLAActive equity options trading on open
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07:47 EDTTSLATesla suing NJ over being 'unfairly targeted' by new rules, AP says
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April 2, 2014
17:25 EDTTSLATesla sells 1,493 Model S vehicles to Norwegians in March
Tesla shares were up over 6% today in regular session trading after reports that the electric car maker sold 1,493 Model S sedans to Norwegians in March. WHAT'S NOTEWORTHY: The Wall Street Journal reported earlier today that Tesla's sold 1,493 Model S sedans in Norway, breaking the previous record for monthly sales of a single model in the country. Tesla has four dealers in Norway, which offers generous tax incentives for electric vehicles. PRICE ACTION: Shares of Tesla closed the session up 6.14% to $230.29, and is up fractionally in the after-hours.
11:33 EDTTSLATesla appeals NJ ban on direct sales, Star-Ledger reports
Tesla has filed an appeal in New Jersey Superior Court to overturn the state's ban on selling its vehicles directly to consumers, reported The Star-Ledger. Reference Link
11:01 EDTSGISilicon Graphics initiated with a Buy at Sidoti
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09:35 EDTTSLAActive equity options trading on open
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09:22 EDTKERXKeryx price target raised to $34 from $25 at Mizuho
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08:41 EDTCSCOPacific Crest to hold a forum
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08:37 EDTKERXKeryx announces EMA validation of MAA for Zerenex
Keryx Biopharmaceuticals announced that the European Medicines Agency, or EMA, has determined that the company's Marketing Authorization Application, or MAA, seeking the approval of Zerenex as a treatment for hyperphosphatemia in patients with chronic kidney disease, CKD, including dialysis- and non-dialysis-dependent CKD, is valid. Validation of the MAA confirms that the submission is sufficiently complete to begin the formal review process. The EMA's review of the application will follow the centralized marketing authorization procedure. If approved by the EMA, Zerenex will receive marketing authorization in all 27 member states of the European Union, as well as in Norway, Liechtenstein and Iceland.
08:37 EDTCSCOWells Fargo to hold a summit
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08:35 EDTTSLATesla Motors May volatility elevated at 65
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07:44 EDTTSLAChina mulls more electric car incentives, Bloomberg says
China may exempt electric-car buyers from paying purchase taxes as part of expanded state measures to boost sales of such cars after past incentives failed to spark demand, according to Bloomberg, citing comments from Vice Premier Ma Kai. Companies that make electric vehicles include GM (GM), Honda (HMC), Nissan (NSANY) and Tesla (TSLA). Reference Link
05:47 EDTWINStocks with implied volatility movement; WIN NVDA
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