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Stock Market & Financial Investment News

News Breaks
April 5, 2012
16:17 EDTRT, PLCM, STZ, PMTC, BBBY, NDAQ, ITMN, FB, NYXOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, as investors largely decided to stay on the sidelines until after the market's long weekend. Stock futures were lower throughout the pre-market trading session and improved only slightly following the Challenger job cuts report. The jobless claims data went generally unnoticed and the futures action led to a lower open for the broader market. The averages made it into positive territory but while the Nasdaq was able to hold its gains the Dow and S&P struggled. The market spent most of the day near the flat line as investors looked toward tomorrow's jobs report, even though the stock markets will be closed... ECONOMIC EVENTS: In the U.S., the Challenger job cuts report said planned reductions were down 8.8% versus the same period one year earlier. Initial jobless claims fell to 357,000 last week, versus the expected 355,000. Continuing jobless claims came in at 3.33M, versus expectations for 3.35M... COMPANY NEWS: Reports from The New York Times and CNBC said that Facebook (FB) has selected the Nasdaq (NDAQ) over the New York Stock Exchange (NYX) as the future home of its stock... MAJOR MOVERS: Among the notable gainers were InterMune (ITMN), up $1.41, or 10.17%, to $15.28, following a favorable opinion for the reimbursement of its Esbriet drug from the Transparency Commission of the French National Health Authority, and Bed Bath & Beyond (BBBY), up $5.62, or 8.49%, to $71.85, after its earnings, revenue and same store sales growth all topped its own forecasts. Noteworthy losers included Parametric Technology (PMTC), down $5.74, or 21.10%, to $21.46, and Polycom (PLCM), down $3.63, or 19.96%, to $14.56, after both issued forecasts that disappointed. Also lower were shares of Ruby Tuesday (RT), down $1.61, or 18.13%, to $7.27, and Constellation Brands (STZ), down $3.08, or 12.47%, to $21.61, as both reported earnings above consensus estimates but issued guidance below the Street's expectations... INDICES: The Dow lost 14.61, or 0.11%, to 13,060.14; the Nasdaq gained 12.41, or 0.40%, to 3,080.50; and the S&P 500 fell 0.88, or 0.06%, to 1,398.08.
News For FB;NDAQ;NYX;ITMN;BBBY;PMTC;PLCM;RT;STZ From The Last 14 Days
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January 27, 2016
09:12 EDTBBBYOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Biogen (BIIB), up 5.6%... Hawaiian Holdings (HA), up 6.7%... Capital One (COF), up 1.5%. ALSO HIGHER: Capnia (CAPN), up 34.1% after entering into an exclusive distribution agreement with Bemes... Fate Therapeutics (FATE), up 18.6% after announcing that the FDA has cleared the company's investigational new drug application for ProTmune... Raptor Pharmaceutical (RPTP), up 12.1% after being upgraded to Buy from Neutral at Citi... Aquinox (AQXP), up 5.6% after Baker Bros. buys 140,786 shares in the company... Sunedison (SUNE), up 7.4% after SunEdison and Greenlight Capital announced that they have mutually agreed to corporate governance initiatives... Citizens Financial Group (CFG), up 3% after it will be added to the S&P 500... Terex (TEX), up 5.2% after being upgraded to Neutral from Underweight at JPMorgan. DOWN AFTER EARNINGS: Tupperware Brands (TUP), down 11.4%... VMware (VMW), down 6.5%... Textron (TXT), down 9.9%... Cliffs Natural (CLF), down 5.8%... Boeing (BA), down 6.2%... Fiat Chrysler (FCAU), down 3%... Apple (AAPL), down 3.4%. ALSO LOWER: Priceline (PCLN), down 2.9% after being downgraded to Neutral from Buy at Goldman... Bed Bath & Beyond (BBBY), down 4.2% after being downgraded at Citi and KeyBanc... Tripadvisor (TRIP), down 5.5% after being downgraded to Sell from Neutral at Goldman.
08:32 EDTNDAQIteris moves to NASDAQ
Iteris (ITI) announced that it has met the listing criteria for the NASDAQ (NDAQ) Capital Market and will move its listing from NYSE MKT to the NASDAQ Capital Market, effective with the start of trading on February 8, 2016. Iteris will continue to trade under its existing ticker symbol "ITI". Iteris common stock will trade on the NYSE MKT until the market close on February 5, 2016.
06:59 EDTFBOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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06:46 EDTBBBYBed Bath & Beyond downgraded to Sell from Neutral at Citi
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06:32 EDTFBFacebook volatility increases into Q4 and outlook
Facebook January weekly call option implied volatility is at 94, February is at 46, March is at 40; compared to its 52-week range of 20 to 54, suggesting large near term price movement into the expected release of Q4 results today after the market close.
05:49 EDTBBBYBed Bath & Beyond downgraded to Underweight from Sector Weight at KeyBanc
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05:44 EDTFBTwitter's Kevin Weil to be named Head of Product at Instagram, Re/code reports
Twitter's (TWTR) former VP of product Kevin Weil is expected to be named Head of Product at Instagram, which is owned by Facebook (FB), Re/code reports, citing multiple sources. According to the sources, Weil was recruited by Instagram "for months" before announcing that he would exit Twitter late Sunday night. Reference Link
January 26, 2016
17:21 EDTPLCMPolycom sees Q1 adjusted EPS 18c-20c, consensus 20c
Sees Q1 revenue $295M-$305M, consensus $302.48M. Sees GAAP EPS 2c-4c. Guidance assumes "normal" Q1 seasonality.
16:11 EDTPLCMPolycom reports Q4 EPS 23c, consensus 23c
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16:00 EDTFBOptions Update; January 26, 2016
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14:32 EDTPLCMNotable companies reporting after market close
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13:51 EDTFBApple to make subscription content available in News app, Reuters says
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13:36 EDTFBFacebook settles shareholder suit over excessive pay allegation, Bloomberg says
Facebook settled an investor lawsuit by agreeing to alter pay schedules and keep a closer look on how company officials are compensated, Bloomberg reports. Shareholders Ernesto Espinoza sued Facebook and Mark Zuckerberg, claiming a 2012 pay plan improperly allowed directors to establish their own pay and that Zuckerberg exceeded allowable compensation for certain senior officials, the report says. Reference Link
12:32 EDTFBFacebook technical notes ahead of results
The key level on the downside for the stock is at the $90 area. If the news is a negative surprise, a test down to that level may be possible. Should the news be a more severe disappointment, a breakdown below $90 could be possible, which would break the long-term uptrend. Next supports below $90 are at $88.26 and $86.50. If the news is a positive surprise, a move above the resistance band at $100 may be possible. Very strong news might put the shares back to the life high at $110.65.
12:01 EDTFBFANG shares are all trading lower with elevated option implied volatility
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11:13 EDTFBActive options; AAPL BAC FB NFLX C MSFT TWTR VALE FCX COH XOM AMZN
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10:52 EDTFBStocks with call strike movement; SNDK FB
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09:32 EDTFBActive equity options trading on open
Active equity options trading on open: FB PEP NFLX PM GM RMBS MSFT GLW AAPL
08:26 EDTFBTwitter in play after executive departures, says Cantor
Cantor Fitzgerald analyst Youssef Squali believes yesterday's news of several senior executives leaving Twitter (TWTR) puts the company in play and could encourage potential bidders to step forward. Twitter's current valuation and sizeable user base makes it a strategic asset for a number of potential buyers, Squali told investors last night in a research note. Potential suitors on the technology side include Alphabet (GOOG, GOOGL), Facebook (FB) and Microsoft (MSFT), the analyst contends. On the media side, Squali thinks 21st Century Fox (FOXA), Disney (DIS), Comcast (CMCSA) or Time Warner (TWX) could express interest in Twitter. No concentration of share ownership and no super-voting structure increase the odds of a buyout, Squali argues. The analyst, however, adds that the executive departures are not good news for a company in the midst of a turnaround. He maintains a Buy rating on the microblogging operator with a $45 price target. Twitter closed yesterday down 82c, or 5%, to $17.02..
07:44 EDTFBStreet margin outlook for Amazon continues to be too low, says Bernstein
Bernstein says that Amazon's (AMZN) margins are poised to beat Street expectations, and the firm's 2016 and 2017 EBITDA estimates for the company are about 17% above Street levels. The firm is more upbeat on Amazon than on Alphabet (GOOG, GOOGL) and Facebook (FB)
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