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Stock Market & Financial Investment News

News Breaks
December 4, 2012
12:08 EDTMSPD, BIDU, PBY, GERN, YOKU, BIG, GALE, UEPS, SINA, DRIOn 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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February 25, 2015
16:16 EDTUEPSNet 1 UEPS receoves Court directions on SASSA tender process
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15:05 EDTSINANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include salesforce.com (CRM), consensus 14c... Avago Technologies (AVGO), consensus $1.94... L Brands (LB), consensus $1.80... Workday (WDAY), consensus (6c)... BioMarin (BMRN), consensus (59c)... Concho Resources (CXO), consensus 84c... Antero Resources (AR), consensus 28c... Medivation (MDVN), consensus $1.34... Transocean (RIG), consensus 77c... Sprouts Farmers Market (SFM), consensus 9c... SINA Corporation (SINA), consensus 18c.
February 24, 2015
07:25 EDTUEPSRW Baird to hold a conference
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February 23, 2015
12:03 EDTSINASINA weekly volatility flat into Q4 and outlook
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11:51 EDTDRIOpco reiterates Darden as a top idea after CEO news
Oppenheimer reiterates Darden as a top idea after the company removed the temporary status of CEO Gene Lee. Opco views the development as an incremental positive and reiterates an Outperform rating on the name.
10:36 EDTBIDUBaidu calls active amid renewed takeover speculation
Baidu February weekly 210 and 212 calls are active on total call volume of 7K (1K puts) amid renewed takeover speculation. February weekly call option implied volatility is at 29, March is at 26, April is at 27; compared to its 26-week average of 33 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
10:31 EDTBIDURumor: Baidu moves higher amid renewed takeover speculation
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08:12 EDTDRIDarden board appoints Eugene Lee to CEO effective immediately
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February 19, 2015
12:24 EDTUEPSNet 1 UEPS management to meet with Sterne Agee
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February 17, 2015
09:40 EDTBIDUActive equity options trading on open
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05:36 EDTUEPSZazoo announces collaboration with Microsoft and Cell C
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February 12, 2015
10:00 EDTBIDUOn The Fly: Analyst Downgrade Summary
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09:36 EDTBIDUActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA WFM BIDU TWTR GILD FB AMAT EXPE TRIP
09:22 EDTBIDUOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Tripadvisor (TRIP), up 13.5%... Cisco Systems (CSCO), up 7.2%... FireEye (FEYE), up 7.7%... GNC (GNC), up 4.8%... NVIDIA (NVDA), up 5.5%... Whole Foods (WFM), up 2.5%. ALSO HIGHER: Orbitz Worldwide (OWW), up 21.6% after agreeing to be acquired by Expedia (EXPE). Expedia is up 11%... Ballard Power (BLDP), up 8.1% after being upgraded to Buy from Hold at Lake Street... Verastem (VSTM), up 4.7% after receiving orphan drug designation from FDA VS-5584 in mesothelioma. DOWN AFTER EARNINGS: Zulily (ZU), down 25.4%... Cabelas (CAB), down 9%... Cheesecake Factory (CAKE), down 5.9%.... Baidu (BIDU), down 4.8%... NetApp (NTAP), down 6.5%... Avon Products (AVP), down 3.6%... Tesla (TSLA), down 8.9%... Kellogg (K), down 5.1%... Amber Road (AMBR), down 16%. ALSO LOWER: Achillion Pharmaceuticals (ACHN), down 4.5% after 12M share Secondary priced at $10.25.
07:51 EDTBIDUBaidu price target lowered to $230 from $280 at Oppenheimer
Oppenheimer lowered its price target for Baidu shares to $230 saying "aggressive" promotional spending relating to mobile products drove the "soft" margin outlook. The firm notes management expects growth to pick up starting in Q2. It keeps an Outperform rating on Baidu.
07:43 EDTBIDUBaidu price target lowered to $250 from $275 at Brean Capital
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07:36 EDTBIDUBaidu downgraded at Stifel
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07:23 EDTBIDUBaidu price target lowered to $253 from $283 at Jefferies
Jefferies lowered its price target for Baidu shares to $253 after the company's Q1 revenue outlook missed expectations. The firm sees the near-term correction in shares as a buying opportunity as it expects results to rebound in Q2. Jefferies keeps a Buy rating on the stock.
07:19 EDTBIDUBaidu subsidiary granted exclusive rights from CCTV
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06:52 EDTBIDUBaidu downgraded to Hold from Buy at Stifel
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