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Stock Market & Financial Investment News

News Breaks
February 5, 2014
12:38 EDTMYGN, MRK, BIRT, CVS, SSYS, USNA, GOOG, DDDOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday after ADP reported that dismal weather in January put a damper on private sector hiring. The market seemed indecisive in the opening 30 minutes of trading, but soon picked up downside momentum. The Nasdaq, which was down more than 1% early in the session, has trimmed its losses and the Dow has moved into positive ground, though just barely. ECONOMIC EVENTS: In the U.S., payroll company ADP reported that 175,000 service jobs were created in January, versus the expectations for 185,000 net new positions to have been added. The ISM services index rose to 54.0 in January from December's 53.0 reading, which was a bit ahead of expectations. COMPANY NEWS: Dow component Merck (MRK) advanced fractionally after the drug company’s quarterly results were generally in-line with expectations and it also announced three clinical collaboration agreements to evaluate its investigational anti-PD-1 immunotherapy… Shares of Google (GOOG) are advancing in a down market after the search giant reached a settlement with European Union regulators over antitrust allegations and research firm Bernstein hiked its price target on the stock to $1,500 from $1,350... CVS Caremark (CVS) announced plans to cease selling all tobacco products, including cigarettes, at all its locations starting October 1. MAJOR MOVERS: Among the notable gainers was multi-level-marketer USANA Health Sciences (USNA), which rose 17% after its results and guidance beat expectations. Also higher were shares of molecular diagnostic company Myriad Genetics (MYGN), which climbed over 11% after the company reported second quarter results that beat consensus expectations, raised its fiscal 2014 outlook, and announced the acquisition of Crescendo Bioscience. Among the noteworthy losers was 3D Systems (DDD), which plunged 16% after the maker of 3D printers and supplies lowered its profit outlook for the current fiscal year and guided to earnings next year below the consensus estimate. A number of 3D Systems’ peers fell as well, with the next biggest company in the sector, Stratasys (SSYS), also declining 3%. Also lower were shares of Actuate (BIRT), which slid about 17% after reporting earnings, announcing the acquisition of German software developer legodo ag and being downgraded at Drexel Hamilton. INDICES: Near midday, the Dow was up 13.12, or 0.08%, to 15,458.36; the Nasdaq was down 13.59, or 0.34%, to 4,017.93; and the S&P 500 was down 2.14, or 0.12%, to 1,753.06.
News For DDD;SSYS;MRK;GOOG;CVS;MYGN;USNA;BIRT From The Last 14 Days
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July 16, 2015
16:57 EDTGOOGGoogle says average YouTube session on mobile roughly 40 minutes
Google's Kordestani says average YouTube viewing session on mobile is roughly 40 minutes. Says YouTube reaches more 18-25 year olds than any cable network. Says number of advertisers on YouTube up 40%.
16:53 EDTGOOGGoogle CBO Kordestani says mobile search surpasses desktop in 10 countries
Google Chief Business Officer Omid Kordestani says continues to see great partner momentum across Android devices. Says Google Play continues to grow at "impressive clip." Says more mobile searches occur on mobile than desktop computers in 10 countries.
16:43 EDTGOOGGoogle CFO says YouTube watch time up 60%
16:39 EDTGOOGGoogle CFO pleased with mobile search
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16:10 EDTGOOGGoogle CFO sees 'great care regarding resource allocation'
Google CFO Ruth Porat said in today's earnings release, "Our strong Q2 results reflect continued growth across the breadth of our products, most notably core search, where mobile stood out, as well as YouTube and programmatic advertising. We are focused every day on developing big new opportunities across a wide range of businesses. We will do so with great care regarding resource allocation."
16:08 EDTGOOGGoogle rallies $45.98 to $644.98 following Q2 results
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16:08 EDTGOOGGoogle reports Q2 aggregate paid clicks up 18%
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16:06 EDTGOOGGoogle reports Q2 websites revenue $12.4B, up 13% year-over-year
Reports Q2 Network Members' websites revenue $3.62B, up 2%.
16:05 EDTGOOGGoogle reports Q2 non-GAAP operating margin 34% vs. 32% last year
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16:04 EDTGOOGGoogle revises income tax expense by $711M for incorrect classification
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16:02 EDTGOOGGoogle reports Q2 EPS $6.99, consensus $6.71
Reports Q2 revenue $17.73B, consensus $17.75B.
15:02 EDTGOOGNotable companies reporting after market close
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14:00 EDTGOOGGoogle July 572.5 straddle priced for 3.8% movement into Q2
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13:02 EDTGOOGEarnings Watch: Analysts positive on Google long-term outlook ahead of Q2 report
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11:27 EDTSSYS, DDDPiper ups Voxeljet despite caution after 3D printing survey
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10:00 EDTGOOGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Arc Logistics (ARCX) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Buy from Hold at Deutsche Bank... FreightCar America (RAIL) upgraded to Neutral from Sell at UBS... Frontier Communications (FTR) upgraded to Buy from Hold at Jefferies... Google (GOOG) upgraded to Outperform from Market Perform at BMO Capital... Intel (INTC) upgraded to Buy from Hold at Needham... Medtronic (MDT) upgraded to Buy from Neutral at BTIG... Netflix (NFLX) upgraded to Buy from Neutral at Rosenblatt... New Jersey Resources (NJR) upgraded to Buy from Hold at Argus... ONEOK Partners (OKS) upgraded to Outperform from Perform at Oppenheimer... Patterson-UTI (PTEN) upgraded to Overweight from Equal Weight at Morgan Stanley... SJM Holdings (SJMHY) upgraded to Overweight from Underweight at JPMorgan... Statoil (STO) upgraded to Buy from Neutral at Citi... SunOpta (STKL) upgraded to Outperform from Sector Perform at Scotia Howard Weil... Viacom (VIAB) upgraded to Neutral from Sell at Citi... Walgreens Boots Alliance (WBA) upgraded to Outperform from Neutral at Credit Suisse... Werner (WERN) upgraded on 'compelling' valuation at Wells Fargo... Wisconsin Energy (WEC) upgraded to Outperform from Neutral at Baird... voxeljet (VJET) upgraded to Overweight from Neutral at Piper Jaffray.
07:38 EDTGOOGGoogle July volatility elevated into Q2 and outlook
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06:45 EDTGOOGGoogle upgraded to Outperform from Market Perform at BMO Capital
BMO Capital analyst Daniel Salmon upgraded Google (GOOGL, GOOG) to Outperform from Market Perform and raised his price target for the stock to $670 from $570. The search giant's Class A shares closed yesterday down 22c to $583.96. The upgrade is not a call on tonight's quarterly results, but reflects a belief that second half of 2015 and 2016 estimates will move higher on margin stabilization, Salmon tells investors in a research note. A focus on investing in key growth areas coupled with a steady revenue outlook should drive Google shares higher, the analyst writes.
06:18 EDTSSYS, DDDPiper's 3D printing survey 'discouraging again'
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05:36 EDTSSYS, DDDvoxeljet upgraded to Overweight from Neutral at Piper Jaffray
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