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Stock Market & Financial Investment News

News Breaks
February 22, 2012
17:00 EDTATRI, DELL, CHS, GRMN, TOL, MGM, HSTM, FIRE, CETVOn The Fly: Closing Wrap
Stocks on Wall Street were lower, as the market took a breather from its steady move higher so far this year. The open was slightly lower following a weak pre-market session by the futures. The weakness was attributed to concerns over whether Greece could adhere to its austerity measures over the medium term, as well as disappointing manufacturing data from Europe and China. The market moved to its lowest levels of the session near mid-day, following statements by the Obama administration that corporate tax rates would be reduced but that interest would be taxed as ordinary income. The market quickly found a level where it sat for a couple of hours before moving back towards the flat line. There was little in the way of catalysts to move the buyers off the sidelines, as the domestic economic calendar remained quiet and there were few headlines of note from Europe... ECONOMIC EVENTS: Domestically, existing home sales rose by 4.3% in January, but the prior month's growth rate was revised lower. The resulting annual sales rate of 4.57M homes sold was down slightly from the annual rate of 4.61M reported a month ago. Also of note was a proposal from the Obama administration to cut the maximum U.S. corporate tax rate to 28% from 35% while eliminating many existing tax loopholes. Internationally, a euro zone composite PMI and a separate Chinese PMI reading both came in at 49.7, indicating contraction... MARKET NEWS: Dell (DELL) fell about 6% in heavy trading as it was downgraded to Neutral from Buy at Citigroup following its Q4 report. Citi cited weakening prospects for additional margin expansion and lowered its price target in the name to $19 from $20... Among others reporting earnings, winners included Chico's FAS (CHS) and Garmin (GRMN); losers included Toll Brothers (TOL) and MGM Resorts (MGM)... MAJOR MOVERS: Notable gainers included Healthstream (HSTM), up $5.21, or 30.05%, to $22.55, and SourceFire (FIRE), up $9.36, or 26.13%, to $45.18, following their earnings reports. Noteworthy losers included Central Euro Media (CETV), down $1.55, or 18.24%, to $6.95, and Newfield Exploration (NFX), down $5.37, or 12.71%, to $36.88, after disappointing quarterly results... INDICES: The Dow fell 27.02, or 0.21%, to 12,938.67; the Nasdaq slid 15.40, or 0.52%, to 2,933.17; and the S&P 500 dropped 4.55, or 0.33%, to 1,357.66.
News For DELL;CHS;GRMN;TOL;MGM;HSTM;FIRE;CETV;ATRI From The Last 14 Days
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April 15, 2014
10:00 EDTCHSOn The Fly: Analyst Upgrade Summary
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08:23 EDTCHSChico's FAS upgraded to Outperform from Market Perform at FBR Capital
FBR Capital upgraded Chico's FAS to Outperform citing shareholder return catalysts in 2014 and easy near-term same-store-sales compares. FBR raised its price target for the stock to $19 from $18.
08:01 EDTMGMMGM Resorts and Hakkasan Group form joint venture hotel management company
MGM Resorts International and Hakkasan Group announced the formation of a joint venture hotel management company, to be named MGM Hakkasan Hospitality. The strategic alliance will focus on the design, development and management of luxury non-gaming hotels, resorts and residential offerings under the Bellagio, Hakkasan, MGM Grand and SKYLOFTS brands in key international gateway cities and prime resort destinations across the globe. All of the hotel and resort projects currently under development by each group will be contributed to the joint venture, including MGM projects in the Americas, the Middle East, and Asia; and Hakkasan projects in Abu Dhabi and Dubai.
April 14, 2014
14:06 EDTMGMNew Jersey reports March Atlantic City gaming win down 2.2% to $233.4M
New Jersey reported total gaming win from the casino hotels and Internet gaming operations was $233.4M in March, a 2.2% decline compared to the casino win for the same month of last year, including Atlantic Club. Casino win from the eleven casino hotels open in both March 2013 and 2014 decreased by 1.9%. Internet gaming win increased 15.2% for the month, from $10.3M in February to $11.9M for March. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
April 11, 2014
10:07 EDTMGMMGM Resorts volatility increases into Q1 and Macau outlook
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09:00 EDTCETVCentral European Media rises 3.1%
Central European Media is up 3.1%, or 9c, to $2.95
April 10, 2014
10:24 EDTMGMMGM holds up amid broader downtrend after analyst recommends stock
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09:43 EDTCHSSeveral private equity firms interested in Chico's FAS, dealReporter says
08:14 EDTMGMMGM Resorts weakness creates long-term buying opportunity, says Stifel
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April 9, 2014
10:33 EDTMGMBofA/Merrill's gaming analysts hold an analyst/industry conference call
Gaming Analysts provide an industry update and outlook on an Analyst/Industry conference call. Relevant covered companies LVS, WYNN, MGM, PENN, PNK, CZR, BYD and IGT may be discussed on the Analyst/Industry conference call to be held on April 15 at 10:30 am.
April 8, 2014
15:54 EDTCHSChico's FAS up 6% after 2M share stake reported by Leonard Green Partners
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15:48 EDTCHSLeonard Green discloses 2.05M share stake in Chico's FAS
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11:11 EDTCHSChico's FAS management to meet with SunTrust
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07:28 EDTFIRESecurity Innovation Network to hold a forum
IT Security Entrepreneurs Forum: ITSEF 2014 is being held in Mountain View, California on April 8-9.
07:00 EDTHSTMICD-10 delay a slight postiive for Healthstream, says William Blair
William Blair notes that last week, legislation delayed the transition to the ICD-10 coding system for one year, to October 1, 2015. The firm says HealthStream's revenue from ICD-10 content was 13% of sales in Q4, up from 5% in the prior-year period. William Blair says that while some investors are concerned the ICD-10 delay will have a negative impact on 2014 sales, it believes the delay is a slight positive for Healthstream. It keeps an Outperform rating on the stock.
April 7, 2014
16:01 EDTMGMOptions Update; April 7, 2014
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13:27 EDTCETVCentral European Media to host special shareholder meeting
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