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Stock Market & Financial Investment News

News Breaks
August 18, 2014
16:52 EDTDG, FDO, ST, LCI, MNST, NXPIOn The Fly: Closing Wrap
Stocks opened in positive territory and continued to tack on gains throughout the session. The market opened higher due to optimism that Russia and the Ukraine were negotiating a ceasefire. The momentum was solidified by better than expected data from the NAHB Housing Market Index. The averages drifted higher into the afternoon, setting up August to be the best monthly performance since February. The market closed near session highs on one of the lightest volume days of the year. ECONOMIC EVENTS: The NAHB homebuilder sentiment index rose 2 points to 55 in August. The index had climbed 4 points to 53 in July. This is the highest level since January's 56. The single family sales index edged up to 58 from 56 (revised from 57). The future index was 65 from 63 (revised from 64). The index of prospective buyer traffic improved to 42 from 39 (revised from 39). COMPANY NEWS: Shares of discount retailer Dollar General (DG) were higher by about 11.6% after the company announced a proposal to acquire rival Family Dollar (FDO) for $78.50 per share in cash, in a transaction valued at $9.7B. Shares of Family Dollar rose approximately 5% on the news. MAJOR MOVERS: Among the notable gainers was Sensata Technologies (ST), which rose 5.8% after after agreeing to buy privately held Schrader International for $1B. Also higher was Lannett (LCI), which gained 6.6% after the company said fourth quarter and full-year 2014 earnings per share and revenue would exceed analysts' consensus estimates. Among the noteworthy losers was Monster Beverage (MNST), which fell 5.4% after research firm Jefferies downgraded the shares to Hold from Buy saying the valuation looks full following its recent rally. Also lower was NXP Semiconductors (NXPI), which dropped 1% after Goldman Sachs downgraded the company to Sell from Neutral, and downgraded the semiconductor sector to Cautious from Neutral. The firm expects consensus estimates to move lower due to cyclical headwinds, increased Q4 and Q1 seasonality, and a RF correction. Goldman lowered their price target on the shares to $54 from $58. INDEXES: The Dow gained 175.8, or 1.06%, to 16,838.74, the Nasdaq rose 43.39, or 0.97%, to 4,508.31, and the S&P 500 was higher by 16.68, or 0.85%, to 1,971.74.
News For DG;FDO;ST;LCI;MNST;NXPI From The Last 14 Days
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October 24, 2014
09:08 EDTNXPINXP Semiconductors shares should be bought, says Pacific Crest
Pacific Crest believes that NXP's results and guidance were solid. The firm thinks the company remains well-positioned to deliver stronger than expected industry growth. It keeps an $80 price target and Outperform rating on the shares.
October 23, 2014
15:17 EDTNXPINXP Semiconductors concerns overdone, says BofA/Merrill
BofA/Merrill believes NXP Semiconductor concerns are overstated and reiterates its Buy rating and $81 price target.
11:23 EDTNXPINXP Semiconductors shares defended at Sterne Agee
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09:04 EDTNXPIOn The Fly: Pre-market Movers
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09:02 EDTNXPINXP Semiconductors shares should be bought, says Sterne Agee
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07:56 EDTLCILannett sees Q1 EPS 91c-94c, consensus 77c
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October 22, 2014
20:03 EDTNXPINXP Semiconductors sees Q4 EPS $1.26-$1.36, consensus $1.28
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20:01 EDTNXPINXP Semiconductors reports Q3 EPS $1.35, consensus $1.30
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15:30 EDTNXPINotable companies reporting after market close
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October 21, 2014
17:27 EDTFDO, DGFamily Dollar certifies substantial compliance with FTC
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14:04 EDTNXPIEarnings Preview: Analysts divided on Broadcom ahead of Q3 report
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12:36 EDTNXPINXP Semiconductors loses Samsung Galaxy phone NFC business, NFC Times says
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October 20, 2014
18:51 EDTNXPIOn The Fly: After Hours Movers
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18:22 EDTNXPISkyworks Solutions, Cirrus Logic, others higher after Apple reports Q4 results
The following stocks are moving higher in the after hours following Apple's Q4 results: ARM Holdings (ARMH) is up 1.1%, Skyworks Solutions (SWKS) is higher by 2.2% ,NXP Semiconductors (NXPI), up 2.28%,Cirrus Logic (CRUS) is up 2%, RF Micro Devices (RFMD) gains 1.53% and Avago Technologies (AVGO) is up 1.17%.
08:31 EDTFDOFamily Dollar sets Oct. 30 as record date for special meeting of stockholders
Family Dollar Stores (FDO) announced that October 30, 2014 has been established as the record date for determining stockholders entitled to receive notice of, and to vote at, the Special Meeting of Stockholders, at which stockholders will be asked to adopt the previously announced merger agreement, as amended, with Dollar Tree (DLTR).
05:26 EDTSTSensata reinstated with an Overweight at Barclays
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October 17, 2014
17:36 EDTFDOFamily Dollar says will review Elliot notice on directors in due course
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16:09 EDTFDO, DGElliott Advisors expresses concerns over Family Dollar merger, nominates slate
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10:00 EDTDGOn The Fly: Analyst Initiation Summary
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08:11 EDTDGDollar General initiated with a Buy at Stifel
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