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Stock Market & Financial Investment News

News Breaks
November 16, 2011
12:18 EDTPEIX, ANF, DELL, EPD, UNIS, TSRA, TYC, TGT, ZOOM, A, ADSK, ENBOn The Fly: Mid-Day Wrap
Stocks on Wall Street were lower at mid-day, as the price of crude spiked above $101. Futures were negative in the pre-market, leading to a lower open for the broader market. The averages moved quickly to the downside right out of the gate, marking session lows and remaining in a lower range for about the first hour of trade. The report on energy inventories from the DOE, followed by the close of trading in Europe, helped spark a move higher, but the attempt to retake the baseline fell flat. Near noon, the market is down about 0.6%, but off its lowest levels of the day... ECONOMIC EVENTS: Domestically, the Consumer Price Index fell 0.08% in October, versus the consensus estimate of unchanged. The "core" CPI, which excludes food and energy, rose 0.14%, versus the consensus estimate of a 0.1% increase. The Federal Reserve said that industrial production rose 0.7% in October. Economists had expected an increase of 0.4%. Capacity utilization also beat estimates, rising to 77.8%, compared with the forecast of 77.6%. The NAHB Housing Market Index had a 20 reading, beating expectations of 18. The DOE report on energy inventories showed that crude inventories dropped by 1.06M barrels, versus the consensus of a 1.20M draw. Gasoline inventories built by 992K barrels, versus the forecast of a 1.00M barrel draw. From Europe, the European Central Bank was believed to have bought Spanish and Italian bonds, though yields on both continue to be very high despite the intervention. Also, in Greece, the country's new Prime Minister passed his first test, winning a confidence vote. In Asia, Japan's central bank lowered its assessment of its economy and kept its key interest rate at virtually zero... MARKET NEWS: An announcement from Enterprise Products Partners (EPD) and Enbridge (ENB) that they would seek regulatory permission to reverse the direction of crude oil flows on the Seaway pipeline sent oil prices higher and the share prices of refiners lower... Target (TGT) reported Q3 adjusted EPS of 87c, soundly beating analyst estimates. Dell (DELL) reported Q3 earnings above estimates, but revenue fell below expectations as the company gave up “low-value” PC opportunities to preserve margins. Among others reporting, winners included Autodesk (ADSK) and Tyco (TYC); losers included Abercrombie & Fitch (ANF) and Agilent (A)... MAJOR MOVERS: Among the notable gainers were Tessera Technologies (TSRA), following Samsung Electronics exercising its renewal option in a license agreement with the company, and Pacific Ethanol (PEIX), after the company announced that it has retired in full its $35M senior convertible notes. Noteworthy losers included Zoom Technologies (ZOOM), after its Q3 revenue missed estimates and the company cut its FY11 revenue view, and Unilife (UNIS), which priced a 8.25M share secondary offering at $4.35... INDICES: Near noon, the Dow was down 77.91, or 0.64%, to 12,018.25; the Nasdaq was down 16.23, or 0.60%, to 2,669.97; and the S&P 500 was down 7.65, or 0.61%, to 1,250.16.
News For EPD;ENB;TGT;DELL;ADSK;TYC;ANF;A;TSRA;PEIX;ZOOM;UNIS From The Last 14 Days
Check below for free stories on EPD;ENB;TGT;DELL;ADSK;TYC;ANF;A;TSRA;PEIX;ZOOM;UNIS the last two weeks.
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April 19, 2014
20:23 EDTANFAbercrombie & Fitch to open over 100 stores in China, China Daily says
Abercrombie & Fitch plans to open over 100 stores in China over the next ten years under under its A&F and Hollister brands, says China Daily, citing an interview with SVP of marketing Craig Brommers. Reference Link
April 17, 2014
12:03 EDTENBEnbridge downgraded to Hold from Buy at Canaccord
09:59 EDTEPDOn The Fly: Analyst Downgrade Summary
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09:55 EDTTYC, TYCTyco initiated with an Outperform at CLSA (pre-open)
Target $48.
05:36 EDTEPDEnterprise Products downgraded to Hold from Buy at Jefferies
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April 14, 2014
10:02 EDTENBOn The Fly: Analyst Downgrade Summary
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06:53 EDTTGTTarget breach sparks retail push to upgrade card technology, Bloomberg says
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06:00 EDTENBEnbridge downgraded to Neutral from Outperform at Credit Suisse
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April 11, 2014
13:36 EDTANFGap falls after experiencing sharp decline in March SSS
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10:59 EDTADSKOptions with increasing implied volatility: EXPE PBI CROX CBS ADSK
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April 10, 2014
16:00 EDTAOptions Update; April 10, 2014
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April 9, 2014
16:34 EDTANFAbercrombie & Fitch names Joanne Crevoiserat CFO
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11:53 EDTUNISUnilife management to meet with Jefferies
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09:20 EDTANFBofA/Merrill's retail analysts hold an analyst/industry conference call
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April 8, 2014
16:12 EDTEPDEnterprise Products increases dividend 6% to 71c
Enterprise Products Partners announced that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to 71c per common unit, or $2.84 per unit on an annualized basis. The quarterly distribution will be paid on Wednesday, May 7 to unitholders of record as of the close of business on Wednesday, April 30. This distribution, which represents a 6.0% increase over the 67 per unit distribution declared with respect to the Q1 of FY13, is the 48th distribution increase since Enterprise’s initial public offering in 1998 and the 39th consecutive quarterly increase.

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