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Stock Market & Financial Investment News

News Breaks
May 7, 2012
16:38 EDTDIS, ABT, VRTX, CECO, CTSH, TPXOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, as investors had a muted reaction to the anti-austerity backlash evidenced in two elections in Europe. Stock futures pointed to a lower open throughout the pre-market trading session but moved off their low prior to the opening bell. The futures action led to a lower but stable open with the market essentially hitting its lows soon after the open. The market began to drift off its lows after the first hour of trading and by midday made it back to positive ground. The market continued to drift for most the remainder of the session until a downturn into the close pushed the S&P and Nasdaq back down to finish the day near the flat line... ECONOMIC EVENTS: In the U.S., consumer credit increased by $21.36B in March, versus expectations of an increase of $9.8B. In Europe, Francois Hollande defeated Nicolas Sarkozy in France's presidential election and voting in Greece’s general election showed a dramatic swing toward anti-austerity groups and away from the pro-Europe parties... COMPANY NEWS: Disney's (DIS) "The Avengers" set U.S. records with its $200M opening weekend, powering the company's shares 2% higher... Abbott Labs (ABT) announced it reached a settlement and will pay $1.6B in connection with its marketing of Depakote... MAJOR MOVERS: Among the notable gainers were Vertex Pharma (VRTX), up $20.71, or 55.36%, to $58.12, amid at least three upgrades and a number of price target increases after the company reported interim data from a Phase 2 study of a combination therapy for certain cystic fibrosis patients, and Career Education (CECO), up 56c, or 8.70%, to $7.00, after the Accrediting Council for Independent Colleges and Schools removed its show-cause directive on all 71 Career Education campuses accredited by the body and the company said four of its campuses were placed on probation. Noteworthy losers included Cognizant (CTSH), down $13.35, or 19.16%, to $56.31, after the company's earnings beat consensus but it said its revising its guidance to be more conservative after seeing slower-than-expected acceleration in demand, and Tempur-Pedic (TPX), down $8.42, or 14.85%, to $48.29, as Raymond James said in a note to investors that the company will offer a discount on one of its most profitable mattresses, the Cloud Supreme, which the firm said was unusual for the company... INDICES: The Dow lost 29.74, or 0.23%, to 13,008.53; the Nasdaq rose 1.42, or 0.05%, to 2,957.76; and the S&P 500 added 0.48, or 0.04%, to 1,369.58.
News For DIS;ABT;VRTX;CECO;CTSH;TPX From The Last 14 Days
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April 14, 2014
06:47 EDTDIS'Captain America' surpasses "Rio 2' in weekend box office, LA Times says
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April 11, 2014
10:38 EDTDISDisney to host investor day
Investor Day to be held on April 17 at 12:30 pm. Webcast Link
April 10, 2014
08:34 EDTABTAbbott completes enrollment of Absorb clinical trials in U.S., Japan and China
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07:21 EDTDISHulu's head of original programming development to leave company, AdWeek says
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April 9, 2014
14:42 EDTDISHSN and Disney Studios announce multi-film collaboration
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11:43 EDTABTGilead defended by analysts after recent pullback
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10:16 EDTCTSHHigh option volume stocks: IMGN GTN RDA AXAS CTSH
April 8, 2014
09:04 EDTDISAmazon Instant Video says video streams on Prime Instant Video tripled y/y
Amazon Instant Videoannounced that video streams on Prime Instant Video nearly tripled year over year. According to a report from Qwilt, which tracks growth in online video usage, Amazon (AMZN) has now passed both Apple (AAPL) and Hulu (NWSA, DIS, CMCSA) in streaming video usage.
08:35 EDTTPXTempur Sealy to acquire Sealy brand rights in Japan
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07:25 EDTDISBook by Pixar president explains growth crisis under Disney, Bloomberg says
"Creativity, Inc," a new book by Pixar's president Ed Catmull, describes three crises the company faced after it was acquired by Disney seven years ago, according to Bloomberg, citing comments from Catmull in his book. Reference Link
06:27 EDTDISMajor movie studios file lawsuit against Megaupload, Engadget reports
The MPAA announced that major movie studios have filed a civil lawsuit against filesharing site megaupload two years after federal investigators shut down the website and filed criminal charges against its founder, reports Engadget. The lawsiut targets the site's Uploader Rewards program with the claim that the business model was "designed to encourage theft." Reference Link
April 7, 2014
08:19 EDTDIS'Captain America' sequel breaks records with $96.2M debut, LA Times says
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07:45 EDTDISNoble Financial Capital Markets to hold a forum
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April 3, 2014
14:59 EDTDISWalt Disney volatility low into “Captain America: The Winter Soldier”
Walt Disney April weekly call option implied volatility at 20, May is at 22, July is at 20; compared to its 26-week average of 23 according to Track Data, suggesting decreasing price movement into the release “Captain America: The Winter Soldier”.
07:40 EDTCECOChanos says still short names in for-profit education space
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April 2, 2014
10:00 EDTCTSHOn The Fly: Analyst Upgrade Summary
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08:37 EDTCTSHWells Fargo to hold a summit
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06:40 EDTDISDisney expanded use of new high tech wristbands, NY Times says
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06:22 EDTCTSHCognizant upgraded to Buy from Neutral at UBS
UBS upgraded Cognizant and said it is well positioned for the current demand environment as IT budgets are focused on cost optimization and believes discretionary project spending will be solid. The analyst expect Cognizant to announce a more formal capital return policy this year and views valuation as attractive. Price target raised to $58 from $50.
06:18 EDTDISHulu, Comcast expected to strike deal for past NBCU shows, WSJ reports
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