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Stock Market & Financial Investment News

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June 5, 2014
11:17 EDTDLLR, OVTI, QCOR, KKD, GES, GDP, BIG, INCY, CONN, CIENOptions with decreasing implied volatility
Options with decreasing implied volatility: DLLR CONN INCY BIG GDP GES KKD QCOR OVTI CIEN
News For DLLR;CONN;INCY;BIG;GDP;GES;KKD;QCOR;OVTI;CIEN From The Last 14 Days
Check below for free stories on DLLR;CONN;INCY;BIG;GDP;GES;KKD;QCOR;OVTI;CIEN the last two weeks.
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July 21, 2014
07:36 EDTQCORMallinckrodt price target raised to $95 from $85 at Jefferies
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July 17, 2014
11:12 EDTQCOROptions with decreasing implied volatility
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July 16, 2014
16:13 EDTQCORMallinckrodt initiated with an Outperform, $100 target at Oppenheimer
Oppenheimer believes Mallinckrodt's (MNK) acquisition of Questcor (QCOR) provides sustainable high-growth revenue potential. It believes the company bought Acthar at an attractive valuation. Opco started shares of Mallinckrodt with an Outperform rating and $100 price target.
10:35 EDTQCOROptions with decreasing implied volatility
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06:37 EDTCONNConn's recent sell-off a buying opprotunity, says Piper Jaffray
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July 15, 2014
11:34 EDTCONNAaron's falls after cutting second quarter outlook
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08:19 EDTOVTIOmniVision regaining smartphone market share in China, says RW Baird
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08:16 EDTCONNConn's management to meet with Oppenheimer
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July 14, 2014
15:09 EDTQCORQuestcor rises after S-4 effective, interest from other suitors disclosed
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07:04 EDTQCORMallinckrodt and Questcor update transaction
Mallinckrodt (MNK) and Questcor (QCOR) announced that the registration statement on Form S-4 filed with the SEC by Mallinckrodt on May 16 and amended on July 11 which includes a joint proxy statement of Mallinckrodt and Questcor that also constitutes a prospectus of Mallinckrodt, was declared effective on July 11. The companies have also each scheduled shareholder meetings on August 14 for shareholders of record on July 9 to consider (i) in the case of Mallinckrodt, its proposal to issue its ordinary shares in connection with its proposed acquisition of Questcor and (ii) in the case of Questcor, approval of the merger agreement with Mallinckrodt and related matters. The transaction is currently expected to be completed in August.
July 13, 2014
17:49 EDTOVTIOmniVision could see improvement after Apple, Barron's says
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July 11, 2014
11:19 EDTCONNRent-A-Center plummets after Q2 profit warning
Shares of rent-to-own operator Rent-A-Center (RCII) are sinking after the company’s second quarter profit outlook significantly trailed analysts’ consensus estimates. WHAT'S NEW: Last night, Rent-A-Center forecast Q2 adjusted earnings per share of 36c-38c and revenue of $773M, far short of the consensus views of 48c and $786.4M, respectively. The company’s CEO Robert Davis said, “Macro-economic pressures continue to burden our financially constrained customers contributing to softer than expected demand in our U.S. business segments. Consequently, revenue and earnings for Q2 will not meet expectations. We are not satisfied with our Q2 results and hold ourselves accountable for improving our performance. To that end, we are excited to announce a new product line in our domestic retail stores with our entrance into the burgeoning smartphone business.” WHAT’S NOTABLE: The company’s smartphone rollout offers consumers nationwide one-stop shopping for a variety of name-brand smartphones and no-contract plans, a rent-to-own industry first, the company said. PRICE ACTION: In late morning trading, Rent-A-Center fell $3.22, or about 11%, to $25.86 on more than twice its average daily trading volume. Including today’s pull back, the stock has lost approximately 36% over the past twelve months. OTHERS TO WATCH: Other companies that provide leasing and rent-to-own arrangements of consumer products include Aaron’s (AAN), which is down 3.3%, and CONN’S (CONN), which is down 3.5%.
09:09 EDTQCOROn The Fly: Pre-market Movers
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06:39 EDTQCORQuestcor reports Acthar adverse effects data, NY Times says
The number of patients who reported an adverse effect last year while taking Questcor's (QCOR) Acthar drug amounted to almost 5% of prescriptions dispensed, the company stated in a regulatory filing released yesterday, according to The New York Times. The filing marked the first time that the company has disclosed any difficulties experienced by Acthar patients, the newspaper added. Questcor has agreed to be bought by Mallinckrodt (MNK). Reference Link
July 8, 2014
12:48 EDTGESOn The Fly: Midday Wrap
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10:28 EDTGESOn The Fly: Analyst Upgrade Summary
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10:03 EDTGESGuess rises after analyst upgrades on European outlook
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07:34 EDTINCYIncyte achieves $25M milestone for approval of Jakavi in Japan
Incyte Corporation (INCY) has earned a $25M milestone payment from Novartis (NVS) in connection with the approval of Jakavi in Japan for the treatment of patients with myelofibrosis. Incyte will record this amount as contract revenue in the third quarter. Under the Incyte-Novartis Collaboration and License Agreement, Novartis received exclusive development and commercialization rights to ruxolitinib outside of the United States for all hematologic and oncologic indications and sells ruxolitinib under the name Jakavi. Ruxolitinib is marketed by Incyte in the United States as Jakafi. Novartis also continues to make progress in obtaining formal pricing and reimbursement approval for a third major European country and expects this to occur in the second half of 2014. Once achieved, Incyte will earn an additional $60M milestone payment.
07:17 EDTINCYLeerink raises immuno-oncology market forecast to $36B
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05:42 EDTGESGuess upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray upgraded Guess to Overweight with a $32 price target after its European channel checks came back positive.

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