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Stock Market & Financial Investment News

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July 5, 2013
12:30 EDTDELL, TSL, FSLR, STP, JASO, CSIQ, YGE, LDK, NEM, AUY, ABX, AU, TSLA, SPWROn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday following a better than expected monthly jobs report. ECONOMIC EVENTS: In the U.S., 195K new nonfarm jobs were added in June, beating the consensus forecast for 165K. The unemployment rate remained unchanged at 7.6%. In Europe, German factory orders unexpectedly declined 1.3% in May, versus the forecast for a gain of 1.2%. However, while U.S. markets were closed for the 4th of July holiday yesterday, the European Central Bank gave dovish forward guidance and the Bank of England struck a dovish tone as well. COMPANY NEWS: Dell (DELL) shares were down about 3% near noon after Bloomberg reported, citing sources, that Michael Dell and Silver Lake likely will not raise their $13.65 per share bid to take the computer maker private. Also this morning, the company's special committee filed supplemental materials with the SEC to address questions from shareholders and the advisory firm ISS, stating that a competing proposal from Carl Icahn and Southeastern Asset Management relies on a sum-of-parts valuation of the company that implies "unrealistic multiples." MAJOR MOVERS: Among the notable gainers were some Chinese solar panel makers, including Yingli Green Energy (YGE), which rose 12% after Reuters reported that the EU and China are close to a deal over alleged dumping of solar panels. Also higher were shares of Tesla Motors (TSLA), which advanced nearly 3% after saying it has received hundreds of orders for its new Model S sedan in Hong Kong. Among the noteworthy losers were a number of gold miners, such as AngloGold Ashanti (AU), which slid 9% amid another pullback in the price of the precious metal. INDICES: Near noon, the Dow was up 87.35, or 0.58%, to 15,075.90; the Nasdaq was up 24.18, or 0.7%, to 3,467.85; and the S&P 500 was up 10.08, or 0.62%, to 1,625.49.
News For DELL;TSLA;AU;ABX;AUY;NEM;LDK;YGE;CSIQ;JASO;STP;FSLR;TSL;SPWR From The Last 14 Days
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October 13, 2014
10:26 EDTNEMHigh option volume stocks
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10:08 EDTSPWROn The Fly: Analyst Upgrade Summary
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09:39 EDTTSLAActive equity options trading on open
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08:17 EDTSPWRSunPower upgraded at Raymond James
As previously reported, Raymond James upgraded SunPower to Outperform. The firm upgraded shares citing reasonable valuation and believes there is a chance the company makes a yieldco announcement next month. Price target is $35.
07:30 EDTSPWRSunPower upgraded to Outperform from Market Perform at Raymond James
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05:34 EDTCSIQCanadian Solar reports sale of 24.3 MWp of modules to EDF Renewable Energy
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05:24 EDTSPWRSunPower supplying 41 MW of high efficiency solar panels to La Compagnie du Vent
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October 12, 2014
17:21 EDTTSLATesla ahead of other car makers on semiautonomous driving system, WSJ says
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14:07 EDTABXZambia to increase royalties on open-pit mines, WSJ says
The Finance Ministry of Zambia said it plans to more than triple royalties on open-pit copper mines, says the Wall Street Journal. Mining companies with open-pit mines in Zambia include Canada’s Barrick Gold (ABX) and First Quantum Minerals, added the Wall Street Journal. Reference Link
October 10, 2014
17:14 EDTTSLAMarket ends week lower amid global growth worries
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16:18 EDTSPWRCompuware announces spin-off of Covisint
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16:02 EDTTSLAActionable Options for Friday, October, 10
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15:58 EDTTSLATesla breaks support, levels to watch
Shares are ending near session lows, last at $236.76. Support is at the session low at $235.20. Resistance is at previous support at $238.49.
12:52 EDTTSLATesla shares sink after all-wheel drive model unveiling
Shares of Tesla (TSLA) are falling after the company's CEO, Elon Musk, introduced an all-wheel drive model and some autonomous driving features on a number of its vehicles. On October 2, Musk had teased on Twitter that Tesla would "unveil D, something else,' exciting investors. WHAT'S NEW: Musk last night said Tesla would enable consumers to buy an all-wheel drive version of the company's Model S electric vehicle. The all wheel drive feature will increase the speed and efficiency of vehicles, Musk said. It will also enable the cars to drive more effectively in poor driving conditions, the CEO stated. The feature will be offered on the company's new advanced Model S car, the P85D, which will cost $120,000. The feature can be added onto other Tesla vehicles for $4,000. Additionally, Musk announced that all new Model S vehicles will have a number of auto pilot features. Among other capabilities, the new vehicles will be able to change lanes and park on their own, the CEO said. ANALYST REACTION: The updates unveiled by Tesla largely add features already offered by other companies, Merrill Lynch analyst John Lovallo II wrote For example, Mercedes has been offering all wheel drive since 1985, and Subaru offers the technology as a standard feature on almost all of its vehicles, Lovallo stated. Several companies also offer the speed limit reading feature, the analyst reported. Tesla's ability to drive its share price up at will, exhibited by the rise in the stock following Musk's tweet, could create a significant risk for shareholders, the analyst warned. He kept an Underperform rating on the name. WHAT’S NOTABLE: Shares of Mobileye (MBLY), which develops components for automatic driver-assist systems, are falling today. Mobileye investors may be disappointed that Tesla did not offer more advanced autonomous driving features. PRICE ACTION: In early afternoon trading, Tesla slumped 6% to $242 and Mobileye sank 7% to $50.50.
09:57 EDTTSLATesla drops after 'D' announcement, levels to watch
The shares are down over 6% to $241. At that price next support is at $240.24 and then at $238.49. Resistance is at $245.26.
09:21 EDTTSLATesla's announcement may fail to impress investors, says BofA/Merrill
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09:00 EDTTSLAOn The Fly: Pre-market Movers
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08:25 EDTLDKLDK Solar announces module supply pact with SNPTC
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08:06 EDTTSLTrina Solar announces sale of 10.6MW PV power plant in UK
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06:14 EDTTSLATesla unveils all-wheel-drive version of Model S
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