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Stock Market & Financial Investment News

News Breaks
December 4, 2012
12:08 EDTGERN, YOKU, BIG, GALE, UEPS, SINA, DRI, MSPD, BIDU, PBYOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday in a lackluster trading session, with the Dow the leader and the Nasdaq the laggard. In the latest chapter of the unfolding fiscal cliff drama, President Obama’s administration rejected a Republican plan that did not include higher tax rates for wealthy Americans. The next batch of cliff headlines may come from an interview that President Obama has scheduled for this afternoon on Bloomberg Television... ECONOMIC EVENTS: No major economic data was released in the U.S. Internationally, the Reserve Bank of Australia cut its key benchmark interest rate to 3.00% from 3.25%, as expected, and the Bank of Canada maintained its target for its overnight rate at 1%... COMPANY NEWS: Darden Restaurants (DRI), the parent company of Olive Garden, Red Lobster and LongHorn Steakhouse, warned its profit for the current quarter and the year may fall well short of analyst expectations. The company, whose shares tumbled nearly 10% after the outlook announcement, blamed failed promotions and negative press on its tests to limit rising health care costs for its under performance... Among companies reporting quarterly results, Big Lots (BIG) advanced 9.7% while Pep Boys (PBY) declined 13.7%... A number of U.S.-listed Chinese companies traded lower after the SEC charged the Chinese subsidiaries of the four major U.S. accounting firms with refusing to cooperate in investigations of alleged accounting fraud at Chinese companies. Shares of Sina (SINA), Youku Tudou (YOKU) and Baidu (BIDU) were among those declining following the news... MAJOR MOVERS: Among the notable gainers were Galena Biopharma (GALE), up almost 10% after signing a commercialization partnership for its NeuVax drug with Teva (TEVA), and Mindspeed Technologies (MSPD), up 7% after raising its Q1 revenue view. Among the noteworthy losers was Net 1 UEPS (UEPS), which plunged 56% after disclosing the DOJ and FBI are investigating the company for potential violations of the Foreign Corrupt Practices Act. Also lower were shares of Geron (GERN), down 25% after it discontinued development of a treatment for brain cancer, announced job cuts and said its CFO is leaving the company to pursue other opportunities... INDICES: Near noon, the Dow was up 15.36, or 0.12%, to 12,980.96; the Nasdaq was down 11.77, or 0.39%, to 2,990.43; and the S&P 500 was down 1.88, or 0.13%, to 1,407.58.
News For DRI;BIG;PBY;SINA;YOKU;BIDU;UEPS;GERN;MSPD;GALE From The Last 14 Days
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March 20, 2015
07:25 EDTYOKUYouku Tudou price target lowered to $20 from $24 at Brean Capital
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07:04 EDTDRIDarden reports Q3 Olive Garden sales up 3% to $957M
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07:04 EDTDRIDarden sees FY15 adjusted EPS $2.45-$2.48, consensus $2.30
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07:03 EDTDRIDarden sees Q4 adjusted EPS 91c-94c, consensus 89c
07:02 EDTDRIDarden reports Q3 comparable same-restaurant sales up 3.6%
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07:01 EDTDRIDarden reports Q3 adjusted EPS 99c, consensus 84c
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March 19, 2015
18:58 EDTYOKUOn The Fly: After Hours Movers
UP AFTER EARNINGS: Mattress Firm (MFRM), up 5.2%... New York & Company (NWY), up 3.1%... Rally Software (RALY), up 1.4%... Nike (NKE), up 4.2%... Youku Tudou (YOKU), up 1%. ALSO HIGHER: Prothena (PRTA), up 39.3% after reporting positive results from Phase 1 study of PRX002... SeaWorld (SEAS), up 1% after naming Joel Manby as president and CEO. DOWN AFTER EARNINGS: AK Steel (AKS), down 9.1%.
18:05 EDTYOKUYouku Tudou sees Q1 revenue RMB1.01B-RMB1.03B, consensus RMB996.47M
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18:04 EDTYOKUYouku Tudou reports Q4 adjusted EPS RMB (1.18), consensus RMB (1.00)
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16:10 EDTUEPSSouth African court issues further directions for SASSA tender process
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15:27 EDTYOKUYouku Tudou March 15 straddle priced for 6.5% movement into Q4
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15:19 EDTDRINotable companies reporting before tomorrow's open
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14:43 EDTYOKUYouku Tudou technical comments ahead of earnings
Shares are trading close to the 52-week low at $14.88 ahead of earnings. That low is not just a 52-week low, but is close to the life low area of the shares at $13.76. Sentiment is negative, with 10.5% of the float short. On a positive surprise this could add significant buy-to-cover demand that could help push shares higher. The first significant test of resistance would come at the 50-day moving average at $16.73. A breakout above that downtrend resistance line proxy could help turn the short-term trend to bullish. Resistance levels above the 50-day as potential upside objectives would be at $17.76 and then at $18.50. It would likely take a move above the $20 area to turn the longer-term trend to bullish. If the news is as or even more negative than current expectations, the life lows would be the first significant support. Below $13.76 there would be not established support, leaving open a drift lower to typical option strike prices at $13, $12.50, and $12.
14:31 EDTDRIDarden March 62 straddle priced for 3.3% movement into Q3
13:35 EDTBIDUBaidu, Alibaba taking opposite approach with maps, WantChinaTimes says
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March 18, 2015
09:08 EDTBIDUYOU On Demand signs agreement with Galaxy Internet Television in China
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08:47 EDTDRIDarden March volatility elevated into Q3 and outlook
Darden March call option implied volatility is at 64, April is at 28, July is at 22; compared to its 26-week average of 24 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on March 20.
06:42 EDTBIDUUxin raises $170M from KKR, Baidu, others, WSJ says
Chinese used car auctioneer Uxin has raised $170M from backers including KKR (KKR) and Baidu (BIDU), reports the Wall Street Journal. Uxin will primarily use the fund to expand its business-to-consumer operations to complete with rivals Bitauto (BITA) and Autohome (ATHM). Reference Link
March 17, 2015
07:26 EDTYOKUYouku Tudou volatility elevated into Q4 and outlook
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March 16, 2015
09:37 EDTYOKUActive equity options trading on open
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