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Stock Market & Financial Investment News

News Breaks
August 14, 2014
16:30 EDTOVTI, CSCO, NDLS, KSS, RRGB, WMTOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory and drifted higher throughout the session. The president gave an optimistic press conference about the situation in Iraq, followed by press reports that the nation's incumbent Prime Minister has conceded defeat and will back the PM-designate. In another positive international development, a ceasefire was called by Russia to allow humanitarian efforts to take place in Ukraine. Investors are setting their sights now on tomorrow’s economic reports, which include the producer prices index, treasury bond flows, industrial production and capacity utilization reports and the University of Michigan consumer confidence report. ECONOMIC EVENTS: In the U.S., initial jobless claims rose to 311K in the second week of August, versus expectations for 295K claims. Import prices fell 0.2%, while export prices were flat in July. In Europe, growth in the shared currency zone stagnated, with Q2 GDP slipping to unchanged. The biggest economy in the region, Germany, saw its GDP contract 0.2% in the quarter. COMPANY NEWS: Cisco Systems (CSCO) was the laggard on the Dow Jones Industrial Average, falling 66c, or 2.62%, to $24.54 after saying it does not expect emerging markets growth for "several quarters" and that it expects to cut 6,000 jobs, or 8% of its workforce. The move lower came despite its report of higher than expected sales and profits for its fiscal fourth quarter and multiple Street research firms raising their price targets on Cisco's stock... Another member of the Dow, Wal-Mart (WMT), reported second quarter results that were in-line with expectations, but the world's largest retailer cut its fiscal year earnings outlook citing additional investments in e-commerce and higher U.S. health-care costs than previously anticipated. Despite the lowered guidance, Wal-Mart shares finished the day up 36c, or 0.49%, at $74.39. MAJOR MOVERS: Among the notable gainers was OmniVision (OVTI), which rose $3.69, or 15.0%, to $28.29 after announcing its board has received a preliminary non-binding proposal from Hua Capital Management to acquire all of the outstanding shares of common stock of the company for $29.00 per share in cash. Also higher was department store operator Kohl's (KSS), which gained $1.80, or 3.27%, to $56.91 after reporting better than expected second quarter earnings and noting that its sales improved as the quarter progressed, with July comparable sales turning positive. Among the noteworthy losers was Red Robin Gourmet Burgers (RRGB), which fell $11.92, or 18.47%, to $52.63 after the company reported lower than anticipated second quarter results and its stock was downgraded to Neutral from Buy at Longbow. Also lower after reporting quarterly earnings that missed expectations was another restaurant operator, Noodles & Company (NDLS), which dropped $4.05, or 16.08%, to $21.16. INDEXES: The Dow gained 61.78, or 0.37%, to 16,713.58, the Nasdaq advanced 18.88, or 0.43%, to 4,453.00, and the S&P 500 added 8.46, or 0.43%, to 1,955.18.
News For CSCO;WMT;KSS;OVTI;RRGB;NDLS From The Last 14 Days
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April 24, 2015
11:40 EDTCSCOJuniper soars to new 52-week high after preliminary Q1 results beat expectations
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10:00 EDTCSCOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Outperform from Neutral at Macquarie... Alaska Air (ALK) upgraded to Buy from Neutral at Buckingham... Amazon.com (AMZN) upgraded at Raymond James... American Electric (AEP) upgraded to Buy from Hold at Deutsche Bank... Broadridge (BR) upgraded to Buy from Hold at Evercore ISI... Cablevision (CVC) upgraded to Hold from Sell at Brean Capital... Cisco (CSCO) upgraded to Conviction Buy from Buy at Goldman... Core Laboratories (CLB) upgraded to Outperform from Sector Perform at Iberia... Crown Castle (CCI) upgraded to Outperform from Market Perform at Raymond James... Encore Wire (WIRE) upgraded to Buy from Neutral at Sidoti... Gigamon (GIMO) upgraded to Buy from Neutral at DA Davidson... Juniper (JNPR) upgraded on improved outlook at RBC Capital... KPN (KKPNY) upgraded to Buy from Neutral at Goldman... Knight Transportation (KNX) upgraded to Outperform from Market Perform at Avondale... Mattel (MAT) upgraded to Buy from Neutral at Goldman... Microsoft (MSFT) upgraded to Buy from Neutral at Nomura... Premiere Global (PGI) upgraded to Outperform from Market Perform at Raymond James... Quintiles (Q) upgraded to Buy from Hold at Jefferies... Southwestern Energy (SWN) upgraded to Market Perform at Raymond James... TE Connectivity (TEL) upgraded on positive catalysts at SunTrust... Target (TGT) upgraded to Buy from Neutral at BofA/Merrill... TriState Capital (TSC) upgraded to Overweight from Equal Weight at Stephens... United Continental (UAL) upgraded to Buy from Hold at Evercore ISI... Vipshop (VIPS) upgraded to Buy from Hold at HSBC... Vocera (VCRA) upgraded to Buy from Hold at Craig-Hallum.
09:37 EDTCSCOActive equity options trading on open
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06:26 EDTCSCOCisco upgraded to Conviction Buy from Buy at Goldman
Goldman added Cisco to the Conviction Buy List and maintained its $34 price target. The firm sees upside to FY16 estimates from emerging product cycles in enterprise WLAN and campus switching driven by adoption of 802.11ac Wave 2.
April 23, 2015
19:56 EDTWMTWal-Mart blocks shareholder vote to examine possible gender bias, Guardian says
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08:17 EDTKSSKohl's announces exclusive Gaiam women's apparel collection
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April 21, 2015
10:20 EDTCSCOWells thinks carrier equipment vendors factored in weak capex
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08:23 EDTCSCOCisco results likely to beat expectations, says Bernstein
Bernstein expects Cisco to report stronger than expected results, due to strength in enterprise and commercial and continued momentum in switching, Bernstein believes that risks caused by service provider revenue was eliminated by the company's Q1 guidance, while currency fluctuations should not impact its near-term results. The firm keeps a $34 price target and Outperform rating on the shares.
06:18 EDTWMTUS merchants struggle to meet deadline for accepting chip cards, WSJ reports
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April 20, 2015
12:31 EDTWMTWal-Mart workers claim store closings are retaliatory, Fortune says
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April 17, 2015
15:42 EDTWMTWal-Mart to slash layer of in-store management, Bloomberg reports
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April 16, 2015
10:51 EDTCSCOOptions with increasing implied volatility
Options with increasing implied volatility: PNK ARRY FOSL NSAM WUBA ARCP CSCO
06:05 EDTWMTFormer Wal-Mart CEO Duke heads to Carlyle Group, WSJ reports
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April 15, 2015
18:32 EDTCSCOIdentiv, Cisco enter agreement to provide solutions for Internet of Everything
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07:46 EDTCSCOEricsson, Juniper in focus for deals after Nokia-Alcatel tie-up, Bloomberg says
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April 14, 2015
18:32 EDTWMTCourt rules Wal-Mart can reject shareholder proposal on gun sales, WSJ says
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11:55 EDTCSCOCommunication equipment stocks active after potential Nokia-Alcatel deal
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10:50 EDTCSCOOptions with increasing implied volatility
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05:56 EDTCSCOStocks with implied volatility movement; CSCO MAC
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April 13, 2015
07:31 EDTCSCOHealthcare Information & Management Systems Society to hold a conference
HIMSS 2015 is being held in Chicago on April 12-16.
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