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Stock Market & Financial Investment News

News Breaks
January 29, 2013
12:11 EDTLLY, BTU, EMC, YHOO, STX, PFE, VLO, VMW, KERX, SANM, LXK, BSX, DHI, F, HES, BMCOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday in spite of a consumer confidence reading that plunged to its lowest level in more than a year after workers assessed the impact of increased payroll taxes. Though the Nasdaq was marginally lower near noon, the Dow's move higher pushed it back near its 14,164.53 all time high... ECONOMIC EVENTS: In the U.S., the November S&P/Case-Shiller 20-city Home-Prices Index was up a seasonally adjusted 0.6% from the prior month, versus expectations for a 0.7% increase. On a year-over-year basis, the 20-city index rose 5.5%, which was nearly in-line with consensus. The Consumer Confidence reading for January fell to 58.6, versus expectations for a smaller decline to 64.0... COMPANY NEWS: Ford (F) reported quarterly results that widely beat expectations on both the top and bottom lines, but shares fell nearly 6% after the company also said it now expects to lose about $2B in Europe this year... Among others reporting earnings last night and this morning, advancers included DR Horton (DHI), Valero (VLO), Peabody Energy (BTU), Boston Scientific (BSX), Pfizer (PFE) and Eli Lilly (LLY); decliners included Lexmark (LXK), Seagate (STX), BMC Software (BMC), Yahoo! (YHOO) and Sanmina (SANM)... MAJOR MOVERS: Among the notable gainers was Hess (HES), which added almost another 10% after being up more than 6% yesterday. Shareholder Elliott Management, which is seeking to elect five directors to Hess' board, said that if managed appropriately, the equity value of Hess could be up to $126 per share. Also higher for a second straight session were shares of Keryx Biopharmaceuticals (KERX), up over 33% today after the price target on its shares was raised by at least three more firms. Among the noteworthy losers was VMware (VMW), which fell 20% and was downgraded by at least six firms following its Q4 results and FY13 guidance. Also lower by more than 4% were shares of EMC (EMC), which holds a majority ownership stake in VMware. Like VMware, EMC reported stronger than expected quarterly results but issued a cautious outlook for the year ahead... INDICES: Near noon, the Dow was up 55.11, or 0.40%, to 13,937.04; the Nasdaq was down 2.75, or 0.09%, to 3,151.55; and the S&P 500 was up 4.50, or 0.30%, to 1,504.68.
News For F;VMW;EMC;DHI;VLO;BTU;BSX;PFE;LLY;LXK;STX;BMC;SANM;YHOO;HES;KERX From The Last 14 Days
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November 11, 2014
08:42 EDTEMC, VMWEMC returns could be limited after potential spin off, says Bernstein
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08:38 EDTYHOOYahoo price target raised to $55 from $48 at Needham (yesterday)
Needham yesterday afternoon raised its price target for Yahoo (YHOO) shares to $55 citing higher than previously expected trading values for Alibaba (BABA). The firm believes Yahoo shares are pricing in negative 6% EBITDA growth for the company, which it views as too pessimistic. Needham expects positive EBITDA growth for Yahoo and keeps a Buy rating on the stock.
07:15 EDTFFord begins production of 2015 F-150 at Ford Rouge Center
The 2015 Ford F-150 starts production at Ford Rouge Center. The facilities have been transformed with the latest in manufacturing technology to build the first mass-produced truck in its class featuring a high-strength, military-grade, aluminum-alloy body and bed. The new F-150 goes on sale in December in the U.S. and will be available in 90 markets in 2015.
07:02 EDTDHID.R. Horton reports Q4 EPS 45c, consensus 48c
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November 10, 2014
17:40 EDTYHOOYahoo could go higher, Barron's says
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16:00 EDTYHOOOptions Update; November 10, 2014
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15:55 EDTSTXNeedham to hold a conference
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15:26 EDTDHINotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings DR Horton (DHI), consensus 48c; Sabre (SABR), consensus 26c; AECOM Technology (ACM), consensus 82c; CST Brands (CST), consensus 57c; Qiwi plc (QIWI), consensus 36c; INSYS Therapeutics (INSY), consensus 29c.
14:22 EDTDHID.R. Horton volatility elevated into Q4 and outlook
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13:59 EDTDHID.R. Horton technical comments before earnings
In the prior three months the shares have outperformed, trading up over 15%. Over the prior year the shares have traded in a range largely contained by $20 at the low and $25 at the high. Ahead of earnings, the stock is trading closer to the top of the range. When looking at a long-term chart, 10-year basis, the price action from March 2013 until now appears to be a symmetrical triangle in formation. That pattern would be a bullish continuation pattern given the uptrend that preceded its formation. On strong news and outlook, a move above $25 would trigger that pattern. Upside objectives could be at resistance at $25.97, $27.75, and $29.22. If the news disappoints, the lower bound of the triangle could be tested at the $20 area. A breakdown below $20 would void the pattern. Support levels that could become downside objectives would be at $18.99, $17.60, and $16.32.
13:00 EDTHESHess Corp. increases five-year production growth rate forecast
Hess Corporation will review its growth strategy and provide a detailed update on its portfolio at an Investor Day in Houston. CEO John Hess, COO Greg Hill and other members of the leadership team will outline plans and targets that underpin the company’s strategy and commitment to deliver value to shareholders. The company is increasing its five-year production growth rate forecast to 6%-10% compounded annually from 2013 through 2018 between $90 and $100 Brent. With the success of its 2014 downspacing pilots confirmed, the company is increasing its Bakken net peak production guidance to approximately 175,000 barrels of oil equivalent per day by 2020; adding an additional 1,000 well locations to a total of more than 4,000; and increasing its net estimated ultimate recovery to more than 1.4 BBOE. Utica’s net peak production is forecast to reach approximately 40,000 BOEPD by 2020, with approximately 500 well locations and a net EUR of more than 300 MMBOE. This is the first time the company is providing guidance for this asset. Significant production growth and free cash generation are forecast from Hess’ offshore assets, particularly in the deepwater Gulf of Mexico with the Stampede field sanctioned in October for first oil in 2018 and production startup underway at Tubular Bells.
11:39 EDTYHOOStocks with call strike movement; YHOO NEM
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08:04 EDTFFord announces partnership with Wind Energy Corporation
Ford Motor Company is collaborating with Wind Energy Corporation to bring a new and innovative source of clean energy to its dealers. Under a pilot program exclusive to Ford, Wind Energy will install wind sail and solar panel systems at four Ford dealerships, a nearly $750,000 investment, to help power dealer facilities. A Windy System is expected to deliver 20,000 kilowatts of electricity annually. That is enough energy to power two average-sized homes for a year or charge a Ford Focus Electric 870 times, Fusion Energi 2,600 times and C-MAX Energi 2,600 times. Using one Windy System will offset nearly 14 tons of greenhouse gases per year.
07:56 EDTSTXSeagate management to meet with Deutsche Bank
Meeting to be held in New York on November 10 hosted by Deutsche Bank.
November 7, 2014
12:06 EDTYHOOStocks with call strike movement; YHOO CHK
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11:59 EDTFSenators ask U.S. DOJ to review Takata as airbag worries increase, Reuters says
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11:24 EDTYHOOYahoo's small business VP, GM Amit Kumar leaves company, TechCrunch reports
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09:01 EDTFFord names Marcy Kevorn as VP, Chief Information Officer
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07:19 EDTVLOPossible acquirers inspect Citgo refineries, Reuters says
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06:18 EDTYHOOAOL downgraded to Neutral from Buy at Citigroup (yesterday)
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