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Stock Market & Financial Investment News

News Breaks
November 16, 2011
12:18 EDTTGT, ZOOM, A, ADSK, ENB, PEIX, ANF, DELL, EPD, UNIS, TSRA, TYCOn 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
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January 30, 2015
07:35 EDTTYCTyco reports Q1 orders up 2%, ex-forex impact
Tyco reports Q1 orders growth of 2% year over year, excluding impact of foreign currency. Backlog of $4.8B increased 3% on a year over year basis and 2% on a quarter sequential basis, excluding impact of foreign currency.
07:34 EDTTYCTyco sees Q2 cont. ops. EPS 48c-50c, consensus 56c
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06:03 EDTTYCTyco updates FY15 EPS ex-items view to $2.30-$2.40, consensus $2.41
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06:01 EDTTYCTyco reports Q1 EPS ex-items 49c, consensus 49c
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January 29, 2015
19:22 EDTUNISUnilife announces common stock offering, no amount given
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15:37 EDTTYCNotable companies reporting before tomorrow's open
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12:57 EDTTYCTyco February volatility elevated into Q1 and outlook
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12:14 EDTTYCUnited Technologies' future options discussed by The Deal
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06:32 EDTEPDEnterprise Products CEO sees 2015 growth CapEx $3.5B
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06:13 EDTEPDEnterprise Products reports Q4 EPS 34c with items, consensus 37c
Reports Q4 revenue $10.19B, consensus $13.29B. Q4 EPS was reduced by non-cash impairment charges of $16 million, or 1c per unit on a fully diluted basis and by $21M, or 1c per unit on a fully diluted basis for severance costs and costs related to the acquisition of ownership interests in Oiltanking Partners.
January 27, 2015
11:06 EDTAAgilent announces China FDA approval of SureScan Dx microarray scanner
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09:08 EDTTYCTyco, AEG renews, expands partnership for STAPLES Center
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January 22, 2015
13:02 EDTEPDEnterprise Products to move forward with Panola NGL pipeline expansion
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10:03 EDTTYCOn the Fly: Analyst Initiation Summary
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06:24 EDTADSKJPMorgan downgrades three in Software, FireEye a top pick
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January 21, 2015
17:15 EDTTYCTyco initiated with a Sell at UBS
UBS initiated Tyco with a Sell rating and $40 price target, as the firm believes any upside in the stock is already factored into the company's guidance.
11:23 EDTANFSnow Capital reports 5.1% passive stake in Abercrombie & Fitch
08:07 EDTADSKAutodesk, Schneider Electric sign MOU for collaboration
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January 20, 2015
09:44 EDTTGTSupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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09:14 EDTADSKAutodesk weakness a buying opportunity, says RW Baird
Baird said it would use the recent weakness ins Autodesk as a buying opportunity, citing its conversion to subscription pricing, changes in Direct Sales go-to-market, improving maintenance renewal rates, and increasing sales of cloud products. Baird reiterated its Outperform rating and $65 price target on Autodesk shares.
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