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Stock Market & Financial Investment News

News Breaks
November 28, 2012
12:19 EDTEXPR, TFM, KCG, GMCR, COST, BP, GES, ARO, ANN, AEO, JOSBOn The Fly: Midday Wrap
Stocks on Wall Street were lower for much of the morning before recovering significantly near midday. Just as a late day sell-off yesterday was prompted by some cautious fiscal cliff commentary from a notable politician, today's turn-around was sparked by optimism from one. In today's case, the averages turned following comments from House Speaker John Boehner, who said he's "optimistic" a deal with Obama can be reached and that he is willing to put revenues on the table if accompanied by spending cuts... ECONOMIC EVENTS: In the U.S., new single-family home sales fell 0.3% in October to a seasonally adjusted 368,000-unit annual rate. Also, the government revised sharply lower its estimate for the prior month's sales, cutting its estimate for sales in September by 20,000 to a 369,000-unit rate. The EIA reported crude oil inventories drew down by 347,000 barrels last week, versus expectations for a 350,000 barrel build up. In Europe, Spainís bank restructuring was approved, paving the way for euro zone aid to be disbursed... COMPANY NEWS: The Environmental Protection Agency announced BP (BP) will be suspended from winning new contracts from the federal government until the oil major can demonstrate it meets business standards set by the U.S., though the action does not affect existing contracts. Shares of BP fell about 0.7% near noon... Several apparel retailers reported better than expected results and saw their shares advance, including Express (EXPR), American Eagle Outfitters (AEO) and Ann Inc. (ANN). This may or may not bode well for some of their peers expected to report after the bell, including Aeropostale (ARO) and Guess (GES)... Costco (COST) shares rose over 4% after reporting its November same store sales rose 6% and declaring a $7 per share special dividend... MAJOR MOVERS: Among the notable gainers was Green Mountain Coffee Roasters (GMCR), which soared 24% after its better than expected earnings and guidance set off a wave of price target increases around the Street. Also higher were shares of Knight Capital (KCG), which rose 14% to $3.39 after shareholder Getco proposed a complex takeover bid that values shares at $3.50 apiece but involves a cash component and a share dispersal following a merger. Among the noteworthy losers was The Fresh Market (TFM), down 14% after its CFO unexpectedly resigned to take another position and its shares were downgraded at Deutsche Bank and Northcoast. Also lower were shares of Jos. A Bank (JOSB), down 7% after it was unable to participate in the rally among clothing retailers as its revenue beat consensus but its earnings fell short... INDICES: Near noon, the Dow was up 16.36, or 0.13%, to 12,894.49; the Nasdaq was down 2.31, or 0.08%, to 2,965.48; and the S&P 500 was down 0.88, or 0.06%, to 1,398.06.
News For EXPR;AEO;ANN;ARO;GES;BP;COST;GMCR;KCG;TFM;JOSB From The Last 14 Days
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October 14, 2014
16:24 EDTANNAnn Inc. in non-disclosure agreement with Golden Gate Capital
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07:33 EDTKCGKCG Holdings reports September average daily market making volume of $27.2B
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05:58 EDTCOSTCostco debuts in China through Alibaba Tmall platform
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October 13, 2014
07:26 EDTGMCRAB InBev has studied potential deal to acquire PepsiCo, Bloomberg says
Anheuser-Busch InBev (BUD), which has a history of growth via acquisition and has been speculated to be targeting peer SABMiller (SBMRY), has also studied whether a merger with PepsiCo (PEP) makes sense, according to Bloomberg, citing people familiar with the matter. The report added that one source said no talks between Anheuser-Busch and Pepsi are ongoing, no deal is imminent, and the scenario is among many that has been examined. The report also noted that Albert Fried views Monster Beverage (MNST) and Keurig Green Mountain (GMCR) as other suitable targets for AB InBev. Reference Link
06:36 EDTBPSaudi Arabia content to let oil prices stay low, Reuters reports
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October 12, 2014
13:53 EDTBPKuwaiti Minister says OPEC unlikely to cut production, WSJ says
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13:45 EDTBPSaudis take aggressive oil measures in Europe, WSJ says
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October 10, 2014
09:05 EDTBPBP begins $1.1B North Sea project, Bloomberg says
BP CEO Bob Dudley said that the company is poised to begin a project worth close to $1.1B in the North Sea this month, which is anticipated to supply oil and gas into the next ten years, according to Bloomberg, citing comments from Dudley. Reference Link
October 9, 2014
10:50 EDTEXPR, AEOGap falls after announcing CEO Murphy will step down, weak September sales
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09:41 EDTCOST, ARO, ANN, EXPRBofA/Merrill retail analysts hold an analyst/industry conference call
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06:13 EDTGMCRKeurig Green Mountain implied volatility of 34 at lower end of index mean range
October 8, 2014
17:15 EDTCOSTCostco stock still a 'buy', Barron's says
Costco shares aren't cheap but are still a "buy," Barron's argues in its 'Barron's Take' column. Quarterly results should continue to drive shares higher, the paper adds. Reference Link
15:58 EDTCOSTCostco price target raised to $140 from $130 at RW Baird
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13:41 EDTTFMThe Fresh Market backs FY14 adjusted EPS view $1.56-$1.66, consensus $1.57
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12:25 EDTCOSTOn The Fly: Midday Wrap
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11:23 EDTCOSTCostco sees FY15 CapEx $2.5B-$2.7B
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11:14 EDTCOSTCostco expects to open 31 new warehouses and relocate 4 locations in FY15
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11:10 EDTCOSTCostco reports September SSS up 4%, September revenue $10.57B
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09:20 EDTCOSTOn The Fly: Pre-market Movers
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05:21 EDTCOSTCostco reports Q4 EPS $1.58, consensus $1.52
Reports Q4 revenue $34.75B, consensus $35.47B. Reports Q4 SSS up 6%. Reports Q4 SSS, excluding negative impacts from gasoline price deflation and foreign exchange, up 7%.
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