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News Breaks | | | | May 21, 2012 | | 16:16 EDT |  | FB, BLK, LOW, WPRT, KKD, ETN, CBE, JPM, YHOO, BCS | On The Fly: Closing Wrap
Stocks on Wall Street were higher in spite of Facebook (FB) breaking its IPO pricing. Stock futures were higher throughout the premarket trading session as the market got ready to bounce from its two week tailspin. There was little reaction to the better than expected Chicago Fed National Activity Index but the futures action led to a higher open for the broader market. The averages began the day slightly higher but moved firmly into the green shortly after midmorning. The market then moved in a narrow range for most of the session, but with an upward trend, as the market finally broke its losing streak... ECONOMIC EVENTS: Domestically, the Chicago Fed National Activity Index rose to +0.11 for the month of April from -0.29 in March... COMPANY NEWS: Facebook shares fell below their $38 issue price in premarket trading and continued to slide as much as 13.7% before finding a level near $33. In its second day of trading the stock closed down $4.20, or 10.99%, at $34.03... Yahoo! (YHOO) agreed to sell half of its 40% stake in Chinese e-commerce group Alibaba for about $7.1B and laid out a joint agreement for a plan to dispose of the remainder of its stake over time. Yahoo did not give exact plans for what it will do with the proceeds, expected to be about $4.2B after taxes, but did increase its share repurchase authorization by $5B concurrently with the transaction... JP Morgan (JPM) slid close to another 3% as the company's CEO Jamie Dimon announced at an investor conference that the bank is suspending its share repurchase program for the time being as it works to strengthen its capitalization ahead of new regulations... MAJOR MOVERS: Among the notable gainers were Cooper Industries (CBE), up $14.04, or 25.14%, to $69.88, after agreeing to be acquired by Eaton Corporation (ETN) in a cash and stock deal valued at $72.00 per share, and Krispy Kreme (KKD), up 61c, or 10.15%, to $6.62, following its report of better than expected earnings. Also higher were shares of Westport Innovations (WPRT), up $2.83, or 11.93%, to $26.56, as Craig-Hallum said in a note to investors that the firm sees more catalysts heading into Westport's analyst day later this week and continues to recommend the stock as the shift towards natural gas in trucking is hitting a tipping point. Noteworthy losers included Lowe's (LOW), down $2.88, or 10.11%, to $25.60, after its sales and profits beat estimates but its yearly earnings guidance came in below consensus, and BlackRock (BLK), down $4.18, or 2.43%, to $167.73, as Barclays (BCS) announced plans to sell its entire 19.6% stake in the alternative investment manager... INDICES: The Dow gained 135.10, or 1.09%, to 12,504.48; the Nasdaq rose 68.42, or 2.46%, to 2,847.21; and the S&P 500 added 20.77, or 1.60%, to 1,315.99. | |
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News For FB;YHOO;JPM;CBE;ETN;KKD;WPRT;LOW;BLK;BCS From The Last 14 Days Check below for free stories on FB;YHOO;JPM;CBE;ETN;KKD;WPRT;LOW;BLK;BCS the last two weeks. |
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| May 22, 2013 | | 10:37 EDT |  | FB | Pandora extends Facebook partnership with timeline App
 Subscribe for More Information | | | 10:31 EDT |  | JPM | JPMorgan spikes higher along with peers, levels to watch
Subscribe for More Information | | | 10:03 EDT | | LOW | Lowe's rises after results in spite of miss, levels to watch
Subscribe for More Information | | | 09:29 EDT | | LOW | Lowe's says comp sales improved as quarter progressed
Subscribe for More Information | | | 09:02 EDT |  | JPM | Financials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list. | | | 08:59 EDT | | LOW | On The Fly: Pre-market Movers
Subscribe for More Information | | | 08:58 EDT |  | FB | Facebook management to meet with Deutsche Bank
Meeting to be held in New York on May 22 hosted by Deutsche Bank. | | | 06:16 EDT |  | YHOO | France Telecom to invest up to $64M in Dailymotion, Reuters reports
France Telecom (FTE) plans to invest about $64M its video-sharing website Dailymotion and begin a new search for a partner this fall, according to CEO Stephane Richard, reports Reuters. He said that "the door is not closed" to Yahoo (YHOO), which had been in talks to buy a 75 % stake in Dailymotion in a deal that would have valued Europe's largest video website at $300M.Reference Link | | | 06:04 EDT |  | LOW | Lowe's sees FY13 EPS $2.05, consensus $2.08
Subscribe for More Information | | | 06:02 EDT | | LOW | Lowe's reports Q1 SSS down 0.7%
Subscribe for More Information | | | | 06:02 EDT | | LOW | Lowe's reports Q1 EPS 49c,c onsensus 51c
Reports Q1 revenue $13.09B, consensus $13.46B | | | May 21, 2013 | | 16:26 EDT | | JPM | On The Fly: Closing Wrap
Subscribe for More Information | | | 15:18 EDT | | LOW | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Lowe's (LOW), consensus 51c; Target (TGT), consensus 87c; Staples (SPLS), consensus 27c; Toll Brothers (TOL), consensus 7c; Eaton Vance (EV), consensus 52c; American Eagle Outfitters (AEO), consensus 17c; Booz Allen (BAH), consensus 37c; | | | 15:16 EDT |  | LOW | Lowe’s May 43 weekly straddle priced for 4.4% move into Q1
| | | 14:50 EDT | | LOW | Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link | | | 12:36 EDT | | JPM | On The Fly: Midday Wrap
Subscribe for More Information | | | 11:47 EDT | | JPM | JPMorgan holders vote to keep Dimon as Chairman, CEO
Subscribe for More Information | | | 11:09 EDT | | JPM | JPMorgan's Raymond says 'stay tuned' on composition of risk committee
Subscribe for More Information | | | 11:03 EDT | | JPM | JPMorgan's Dimon says more regulatory consent orders expected
Subscribe for More Information | | | 11:01 EDT | | BLK | BlackRock buys private equity real estate fund MGPA, Reuters says
BlackRock bought private equity real estate fund MGPA, increasing the firms presence in Asia and Europe says Reuters. Reference Link | | |
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