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Stock Market & Financial Investment News

News Breaks
May 21, 2012
12:21 EDTRGR, RENN, AEO, ETN, CPB, YHOO, CBE, KKD, FB, DVA, LOWOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, rebounding a bit from last week's dismal performance, which was the worst this year for U.S. equity markets. Near noon the market was off of its best levels and had been drifting in a narrow range since mid-morning. The market move is due more to a bounce from an oversold condition than from any data reported in either Europe or the U.S. There was little on the U.S. economic calendar, with the exception of the Chicago Fed National Activity Index, which went largely unnoticed when reported during the pre-market trading session... ECONOMIC EVENTS: In the U.S., the Chicago Fed National Activity Index rebounded a bit to a reading of +0.11 for the month of April, up from -0.29 a month ago. In Europe, stocks gained in spite of little in the way of concrete plans for the region coming out of the weekend's meeting of the G-8 leaders... COMPANY NEWS: Facebook (FB) shares fell below their $38 issue price in premarket trading and continued to slide as much as 13.7% before stabilizing near $33. Near noon, shares were down $4.49, or 11.59%, to $33.74... Yahoo! (YHOO) reached a deal for a plan to sell out of its 40% stake in Alibaba, including an initial sale of 20% of Alibaba back to the company for $7.1B. Yahoo! said it intends to return substantially all of the after-tax cash proceeds to shareholders from the deal and did not finalize the form of the return of capital but did increase its share buyback authorization by $5B. However, Yahoo shares only moved up about 0.3% on the news... Shares of Lowes (LOW) slid almost 10% in spite of sales and profits that beat estimates, as the company's yearly earnings guidance came in below consensus. Among other companies reporting earnings, Krispy Kreme (KKD) advanced while Campbell Soup (CPB) declined... DaVita (DVA) agreed to purchase HealthCare Partners for $4.42B, which investors applauded by driving shares up more than 4%... MAJOR MOVERS: Among the notable gainers were Cooper Industries (CBE), up nearly 27%, after agreeing to be acquired by Eaton Corporation (ETN) in a cash and stock deal valued at $72.00 per share, representing a premium of 29% to Cooper's closing price on Friday, and American Eagle (AEO), up more than 10%, following an upgrade to Buy at Brean Murray ahead of Wednesday's earnings report and after the company announced it plans to eliminate children's brand 77kids and its CFO stepped down. Noteworthy losers included Renren (RENN), down almost 3%, as it was dragged down in concert with the steep decline seen in Facebook, and Sturm, Ruger (RGR), down about 6%, after being initiated with a Sell rating at Off Wall Street Research... INDICES: Near noon, the Dow was up 96.57, or 0.78%, to 12,465.95; the Nasdaq was up 44.42, or 1.60%, to 2,823.21; and the S&P 500 was up 14.44, or 1.11%, to 1,309.66.
News For FB;YHOO;LOW;KKD;CPB;DVA;CBE;ETN;AEO;RENN;RGR From The Last 14 Days
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January 13, 2015
08:05 EDTETNEaton acquires Oxalis Group, terms not disclosed
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06:44 EDTYHOOYahoo shuts down Right Media ad exchange, Business Insider reprots
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06:18 EDTYHOOSilicon Valley shuttle drivers looking to unionize, USA Today reports
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06:01 EDTYHOOStocks with implied volatility above IV index mean; HLF YHOO
Stocks with implied volatility above IV index mean; Herbalife (HLF) 115, Yahoo (YHOO) 52 according to iVolatility.
January 12, 2015
11:48 EDTFBFacebook February volatility elevated at 39
Facebook January call option implied volatility is at 32, January weekly is at 29, February is at 39, March Is at 33; compared to its 26-week average of 34 according to Track Data, suggesting large near term price movement.
10:58 EDTAEOAmerican Eagle says expects to end year with cash around $400M
10:40 EDTAEOAmerican Eagle repeats Q4 EPS view 32c-34c, 25% growth vs. last year's Q4
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10:34 EDTCPBFood makers slip as Citi highlights headwinds with downgrades in space
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10:24 EDTFBFacebook, Xiaomi held talks over Facebook investment, Reuters says
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10:12 EDTFBFacebook discussed potential investment in Xiaomi, Reuters reports
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10:00 EDTCPBOn The Fly: Analyst Downgrade Summary
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09:09 EDTKKDKrispy Kreme names Price Cooper as CFO
Krispy Kreme Doughnuts (KKD) that Price Cooper will be joining Krispy Kreme as EVP later this month. Cooper will be appointed CFO following the company’s filing of its Annual Report on Form 10-K in early April. Cooper will succeed Douglas R. Muir, who has served as CFO since June 2007 and who announced his retirement plans last year. Cooper previously served as CFO of Texas Roadhouse (TXRH).
09:02 EDTKKDTexas Roadhouse says CFO Price Cooper resigns
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08:10 EDTKKDKrispy Kreme sees FY16 EPS 79c-85c, consensus 87c
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08:09 EDTKKDKrispy Kreme backs FY15 EPS view 69c-74c, consensus 72c
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07:46 EDTKKDStephens Events at 17th Annual ICR XChange Conference
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07:26 EDTKKDWedbush to hold a meetings at ICR XChange Conference
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07:20 EDTKKDICR to hold a conference
17th Annual ICR XChange Conference is being held in Orlando, Florida on January 12-14.
06:15 EDTCPBCampbell Soup downgraded to Sell from Neutral at Citigroup
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06:12 EDTYHOOStocks with implied volatility above IV index mean; HLF YHOO
Stocks with implied volatility above IV index mean; Herbalife (HLF) 114, Yahoo (YHOO) 50 according to iVolatility.
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