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Stock Market & Financial Investment News

News Breaks
November 16, 2012
12:50 EDTDVAX, DELL, OMX, SHLD, PENNOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as meetings in Washington offered hope that a compromise on the fiscal cliff may emerge. The averages began the session slightly higher but quickly crossed back into negative territory. The economic reports released today were generally benign. Investors took some solace from encouraging commentary about compromise coming out of D.C. and the averages all crossed back into positive ground near noon... ECONOMIC EVENTS: In the U.S., industrial production unexpectedly declined 0.4% in October, compared to forecasts for a 0.2% gain, though the Fed said that Superstorm Sandy cut total production by almost 1 percentage point... COMPANY NEWS: Dell (DELL) shares fell 6.5% after its quarterly results missed estimates on both the top and bottom lines and the company called the global demand environment for its core PC business especially "challenging"... MAJOR MOVERS: Among the notable gainers was Penn National (PENN), up 30% after announcing its intent to separate its gaming operating assets and real property assets into two publicly traded companies. Also higher were shares of OfficeMax (OMX), up 20% after Boise Cascade, in which it holds a stake, filed to go public via an initial public offering of stock. Among the noteworthy losers was Dynavax (DVAX), down 46% after an FDA advisory committee voted that there was insufficient data to adequately support the safety of its Heplisav vaccine. Also lower were shares of Sears Holdings (SHLD), down 18% after its quarterly report... INDICES: The Dow was up 40.82, or 0.33%, to 12,583.20; the Nasdaq was up 15.48, or 0.55%, to 2,852.42; and the S&P 500 was up 6.36, or 0.47%, to 1,359.69.
News For DELL;PENN;OMX;DVAX;SHLD From The Last 14 Days
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January 27, 2015
06:06 EDTSHLDSears Holdings volatility increases, shares in tight two-month price range
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January 26, 2015
08:41 EDTPENNRegional gaming outlook has improved, says Wells Fargo
Wells Fargo is more upbeat on regional gaming stocks, citing improving same-store trends within the sector, significantly lower gas prices which the firm thinks could boost regional gaming companies, and a slowdown in supply growth within the sector. The firm also cited improving casual dining trends, which it says are highly correlated with regional gaming trends, as a reason for its increased optimism. It keeps Outperform ratings on Churchill Downs (CHDN), Gaming and Leisure (GLPI), and Penn National (PENN).
January 21, 2015
12:12 EDTSHLDBest Buy, home retailers seen getting biggest bump from Sears demise
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07:19 EDTPENNPenn National long trade in 'early innings,' says Deutsche Bank
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January 20, 2015
12:01 EDTSHLDOverstock.com to appeal patent infringement case
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January 16, 2015
11:04 EDTSHLDFAA proposes $533,000 civil penalty against Sears Holdings
The U.S. Department of Transportationís Federal Aviation Administration proposes a $533,000 civil penalty against Sears Holdings Management Corp. for allegedly violating Hazardous Materials Regulations. The FAA alleges that Sears on Dec. 20, 2012 offered UPS 27 boxes, each containing one DieHard Portable Power Supply that encased a non-spillable battery, for air transportation to various locations in the United States. Workers at the UPS sort facility in Louisville, Ky., discovered six of the corrosive shipments were vibrating and one was warm to the touch. The FAA alleges that Sears failed to package the batteries in accordance with the Hazardous Materials Regulations to prevent unintentional activation. The agency also alleges the shipment was not accompanied by shipping papers to indicate the hazardous nature of its contents, and was not marked or labeled. Additionally, Sears offered the shipment without providing emergency response information and failed to ensure its employees had received required hazardous materials training, the FAA alleges. Sears has 30 days from the receipt of the FAA's enforcement letter to respond to the agency.
January 14, 2015
14:02 EDTPENNNew Jersey reports Atlantic City gaming win down 11.2% to $190.5M in December
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January 13, 2015
08:52 EDTPENNPenn National price target raised to $17 from $14.50 at FBR Capital
FBR raised its estimates and price target for Penn National Gaming after its analysis of monthly regional data points indicated potential upside in Q4. The firm says it remains it remains a buyer of the stock with an Outperform rating.

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