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Stock Market & Financial Investment News

News Breaks
July 24, 2014
17:05 EDTANGI, SODA, DHI, TRLA, GM, LTM, Z, FBOn The Fly: Closing Wrap
Stocks on Wall Street began the session slightly higher but were unable to gather any upside momentum during the day. The market barely reacted to the much better than expected weekly jobless claims data, as the Labor Department explained that this time of the year is typically volatile for the data. The new home sales report for June had the opposite effect, as sales were worse than expected and the previous month was also revised down. The number put a lid on the averages, which moved throughout the afternoon as if summer doldrums had set in. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 19K to 284K in the week ended July 19. While the BLS said there were no special factors in the claims data, they also reminded that the numbers can be very volatile at this time of year due in part to auto shutdowns. Markit's flash U.S. PMI for July dipped 1 point to 56.3 from 57.3 in June. June new home sales fell 8.1% to a 406K rate, which was worse than expected, and May's data was downwardly revised. In China, HSBC's flash manufacturing Purchasing Managers' Index rose to 52 in July from 50.7 a month earlier. COMPANY NEWS: Facebook (FB) achieved a new all-time high during the session and closed up $3.69, or 5.18%, to $74.98 after its revenue and profits beat expectations. After the report a number of Wall Street analysts hiked their price targets on the stock, with Jefferies and Topeka both raising their targets on the social network operator's stock to $100... Shares of General Motors (GM) declined $1.67, or 4.46%, to $35.74 after its earnings per share, excluding special items, missed consensus expectations and its revenue also fell short of the analysts' forecast. The company took a $400M special charge related to its ignition switch compensation program, but cautioned that there is no cap on this program and it is possible the total cost could increase by another $200M. Also, GM recorded a non-cash pre-tax special charge of about $900M in the second quarter for the estimated costs of future possible recalls for "up to the next 10 years on 30M GM vehicles on the road today." MAJOR MOVERS: Among the notable gainers was Trulia (TRLA), which surged $13.16, or 32.43%, to $53.74 after Bloomberg said the company is in talks to be acquired by rival real estate website operator Zillow (Z). Zillow shares also gained $19.29, or 15.25%, to $145.76 after the news service said it could tie-up with its peer in a deal that could value Trulia as much as $2B. Also higher was SodaStream (SODA), which jumped $2.73, or 9.45%, to $31.63 after Bloomberg said the home soda machine maker is holding talks with an investment firm about taking itself private at a valuation of about $828M, or $40 per share. However, an analyst at Stifel called that scenario "highly improbable to impossible." Among the noteworthy losers was Angie's List (ANGI), which plunged $1.96, or 19.27%, to $8.21 after reporting second quarter results that were worse than expected, prompting at least seven downgrades of its stock by Wall Street analysts. Also lower were Life Time Fitness (LTM), which lowered its FY14 earnings view and fell $6.00, or 12.7%, to $41.26 and D.R. Horton (DHI), which dropped $2.86, or 11.53%, to $21.94 after its quarterly profits missed expectations. INDEXES: The Dow slipped 2.83, or 0.02%, to 17,083.80, the Nasdaq dropped 1.59, or 0.04%, to 4,472.11, and the S&P 500 gained 0.97, or 0.05%, to 1,987.98.
News For FB;GM;SODA;Z;TRLA;ANGI;LTM;DHI From The Last 14 Days
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November 18, 2014
12:54 EDTFBFacebook introduces FB Techwire breaking tech news product
Facebook, in a post to its media blog, announced the launch of FB Techwire, a resource for journalists to discover original content including breaking news, first-person analysis, photos and videos posted to Facebook by technology influencers and organizations. Reference Link
11:07 EDTFBStocks with call strike movement; DAL FB
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09:32 EDTFBActive equity options trading according to Track Data: AAPLTSLA TWTR FB
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08:44 EDTFBFacebook initiated with a Long-Term Buy at Hilliard Lyons
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07:57 EDTFBFacebook At Work unlikely to impact LinkedIn, says Wunderlich
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06:08 EDTFBIntel's 'Mica' bracelet to feature Google alerts, AT&T data plan, Re/code says
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November 17, 2014
16:00 EDTFBOptions Update; November 17, 2014
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14:56 EDTFBFacebook reports solid October engagement data, says JPMorgan
14:13 EDTZZillow's Agentfolio to shut down
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12:42 EDTFBProfessional network operators slide following report on 'Facebook at Work'
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09:36 EDTFBActive equity options trading
Active equity options trading according to Track Data: AAPL PBR BHI GILD MU HD AMZN TSLA YHOO FB TWTR
06:30 EDTFBFacebook says reducing 'overly promotional' page posts in news feed
Facebook said on Friday that "Our goal with News Feed has always been to show people the things they want to see. That’s why we often look to people on Facebook to tell us how we can improve. As part of an ongoing survey we asked hundreds of thousands of people how they feel about the content in their News Feeds. People told us they wanted to see more stories from friends and Pages they care about, and less promotional content. What we discovered is that a lot of the content people see as too promotional is posts from Pages they like, rather than ads. This may seem counterintuitive but it actually makes sense: News Feed has controls for the number of ads a person sees and for the quality of those ads, but those same controls haven’t been as closely monitored for promotional Page posts. Now we’re bringing new volume and content controls for promotional posts, so people see more of what they want from Pages.... Beginning in January 2015, people will see less of this type of content in their News Feeds. This change will not increase the number of ads people see in their News Feeds. The idea is to increase the relevance and quality of the overall stories – including Page posts – people see in their News Feeds. This change is about giving people the best Facebook experience possible and being responsive to what they have told us. While Pages that post a lot of the content we mention above will see a significant decrease in distribution, the majority of Pages will not be impacted by this change." Reference Link
06:23 EDTFBFacebook working on 'Facebook at Work' website, FT reports
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06:07 EDTGMDeadline extended for GM compensation claims, AP reports
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November 14, 2014
17:13 EDTGMAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
17:07 EDTFBSoros Fund Management gives quarterly update on stakes
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16:39 EDTGMBerkshire Hathaway gives quarterly update on stakes
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16:01 EDTFBOptions Update; November 14, 2014
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07:32 EDTFB, GMHayman Capital gives quarterly update on stakes
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06:24 EDTFBFacebook implied volatility of 27 at lower end of index mean range
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