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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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June 26, 2015
09:32 EDTPENNNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 25, 2015
07:17 EDTDELLRed Hat to hold a summit
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June 24, 2015
11:11 EDTSHLDAnalyst says Best Buy shares poised to rise
Best Buy's (BBY) stock is poised to advance after the company reports its second quarter results, research firm B. Riley predicted. WHAT'S NEW: Best Buy's forecast for increased margins in the second half of the year, along with easing comparisons, should cause the stock to rise, predicted B. Riley in a note to investors earlier today. The shares will be particularly well-positioned to climb after the company updates its guidance following its Q2 results, the firm believes. Best Buy's initiatives should help increase its revenue and profits heading into fiscal 2017 and the retailer can continues to increase its market share at the expense of Sears (SHLD), RadioShack and others. Additionally, macro economic trends remain favorable for Best Buy and its key product categories continue to perform well, according to B. Riley. The firm, which is particularly confident about the company's ability to beat Q4 consensus estimates, keeps a $47 price target on the name and reiterates a Buy rating on the shares. WHAT'S NOTABLE: In their own note to investors this morning, SunTrust analysts David Magee and D. Mitch Van Zelfden speculated on potential M&A activity in the specialty retail space, noting that "Wall Street’s appetite for acquisitions has strengthened recently." In their opinion, Best Buy acquiring GameStop (GME) is among the "most compelling relationships" in the sector, the note explained. PRICE ACTION: In mid-morning trading, Best Buy slid 0.4% to $34.72, while GameStop rose 1.3% to $44.92.
09:13 EDTPENNPenn National’s Plainridge Park Casino debuts as Massachusetts’ first casino
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07:35 EDTSHLDCFA Society of Chicago to hold a meeting
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June 23, 2015
11:01 EDTDVAXDynavax management to meet with William Blair
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07:41 EDTDELLRed Hat to hold a summit
Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link
June 19, 2015
07:38 EDTPENNMacau official says monthly revenue could hit four year low, says Wells Fargo
Wells Fargo reports that a Macau official said that the region's gaming revenue may hit the lowest level in over four years this month. The official said that the region's June gambling revenue could be more than 20% below the average for the first five months of this year, the firm added. Wells says that Macau's gaming industry remains challenged, and it remains neutral on the sector. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN), and Melco Crown (MPEL).
June 17, 2015
06:09 EDTPENNInternational Game provides Penn National with content, cabinets
International Game Technology (IGT) announced that it will provide Penn National (PENN) with a wide selection of new IGT content and cabinets, including more than 400 IGT games and the largest placements of the new IGT CrystalDual and S3000 cabinets at any location in the United States to date, for the new Plainridge Park Casino in Plainville, MA.

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