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Stock Market & Financial Investment News

News Breaks
March 14, 2014
16:43 EDTPLUG, MW, GM, KKD, AMZN, BA, FCEL, JOSB, HLF, CALLMarket finishes week lower as China, Ukraine weigh on shares
Stocks ended the week lower as investors worried about the impact of slowing growth in China and the situation in Ukraine. MACRO NEWS: China reported weaker than expected retail sales and urban fixed asset investment for the two month period ended February 28. The data exacerbated fears about a potential significant Chinese economic slowdown... Also fanning fears on Wall Street was the standoff in Ukraine. U.S. Secretary of State John Kerry warned that Russia would face consequences if it continued to occupy Ukraine on Monday. Kerry's statement fueled concerns about a potential escalation of the standoff... U.S. economic data was mixed as February retail sales and jobless claims were better than expected, but an index of consumer sentiment missed expectations. COMPANY NEWS: The Department of Justice and the Department of Transportation stated that they would investigate General Motors' (GM) handling of problems with the ignition on some of its vehicles... The government is also probing Herbalife (HLF), as the FTC disclosed that it was launching an investigation of the multi-level marketer... Another American company that found itself facing new difficulties was Boeing (BA), which disclosed that it had found cracks in some wings of its 787 Dreamliner planes. As a result, the delivery of some of the aircraft will be delayed.... Menswear retailers Men's Wearhouse (MW) and Jos. A. Bank (JOSB) ended their long and public courtship as Men's Wearhouse struck a deal to acquire its peer for $65 per share in cash... Amazon.com (AMZN) raised the price of its Prime service by 25% for most of its customer base... In earnings news, VoIP phone service provider magicJack (CALL) rose after reporting stronger than expected results and providing higher than expected revenue guidance, and doughnut retailer Krispy Kreme (KKD) climbed after reporting slightly weaker than expected results but raising its full-year EPS guidance and increasing its share repurchase allocation. On the other hand, fuel cell maker Plug Power (PLUG) finished the week lower after the company reported an in-line EPS loss, but research firms Roth Capital and Cowen downgraded the stock. Another company in the sector, FuelCell (FCEL), also ended the week lower after reporting in-line results. Both stocks had jumped by large amounts in previous weeks.
News For GM;HLF;BA;MW;JOSB;AMZN;PLUG;FCEL;KKD;CALL From The Last 14 Days
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July 17, 2015
16:24 EDTBAOn The Fly: Top stock stories for Friday
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14:24 EDTAMZNAmazon.com July weekly volatility elevated into Q2 and outlook
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10:46 EDTAMZNBest Buy sinks after analyst says sell to avoid comp sales risk
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10:13 EDTAMZNAmbarella to get boost from drone demand, analyst says
Ambarella (AMBA) should benefit from stronger than expected demand for drones, which are "literally flying off the shelves" at Best Buy (BBY), research firm Pacific Crest wrote in a note to investors today. Ambarella develops processors used in high definition cameras, such as those often utilized by drones. WHAT'S NEW: After conducting checks, Pacific Crest analyst Brad Erickson wrote that sales of drones have been stronger than expected. Ambarella should benefit from that trend, as well as from the fact that demand for GoPro (GPRO) cameras, which utilize Ambarella's chips, has been steady, Erickson stated. Although initial demand for GoPro's new Session camera "appears lukewarm," its newer cameras should drive a significant increase in sales volume starting in GoPro's October quarter, according to Erickson, who said the popularity of GoPro's cameras should enable Ambarella's results to beat Street expectations. The analyst continues to recommend buying Ambarella's stock and kept a $123 price target on the shares. WHAT'S NOTABLE: In a note to investors yesterday, Piper Jaffray analyst Erinn Murphy wrote that GoPro's risk/reward ratio was favorable heading into the company's Q2 results. According to Murphy, the stock fell recently because money rotated out of the shares following the initial public offering of Fitbit (FIT) and Goldman Sachs' initiation of coverage of the stock with a Neutral rating. However, Amazon (AMZN) data shows that GoPro's cameras are selling well and Ambarella's Q2 results beat expectations, Murphy noted. As a result, she expects GoPro's Q2 results to exceed expectations when they are reported next week. Murphy reiterated a $68 price target and Overweight rating on GoPro shares. PRICE ACTION: In early trading, Ambarella rose 1.3% to $109.59, while GoPro added 0.5% to $55.53.
09:45 EDTBABoeing cash generation should be viewed positively, says Wells Fargo
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08:48 EDTBABoeing expects to adjust 2015 EPS guidance due to Q2 charge
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08:34 EDTBABoeing to recognize Q2 charge of 77c per share for KC-46 tanker program
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07:18 EDTAMZNApigee won;t be hurt by AWS API Gateway, says Pacific Crest
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06:39 EDTAMZNAmazon Fresh close to launching in London, London Times reports
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06:13 EDTAMZNHulu considering ad-free option, WSJ reports
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July 16, 2015
16:00 EDTAMZNOptions Update; July 16, 2015
iPath S&P 500 VIX Short-Term Futures down 1.17 to 16.52 Option volume leaders: NFLX AAPL BAC FB F INTC C EBAY AMZN GM JPM MU PFE BABA JD X
13:52 EDTGMGM slips after Barclays downgrades auto sector on China downturnbw
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12:30 EDTAMZNAmazon says Prime Day order growth 18% more than Black Friday 2014
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12:29 EDTBAEarnings Watch: Bernstein positive on GE ahead of Q2 report
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12:18 EDTAMZNAmazon's Prime Day sales exceed Black Friday sales, breaks record
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11:03 EDTBABoeing reports 50 new orders since last update
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10:00 EDTAMZNAmazon says HBO NOW available on Fire Tablets
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10:00 EDTGMOn The Fly: Analyst Downgrade Summary
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08:26 EDTAMZNAmazon.com shares likely to rise after Q2 results, says Oppenheimer
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07:30 EDTGMGeneral Motors downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded the U.S. Autos and Auto Parts sector to Negative from Neutral and cut its rating on General Motors (GM) to Equal Weight from Overweight. The firm sees further sector underperformance as China car sales continue to disappoint and Chinese production goes negative against a peak in the U.S. auto industry and a slow recovery in Europe. The firm sees few near-term catalysts for General Motors given is larger exposure to China and little that will change its perception by investors as a "value trap." Barclays lowered General Motors' price target to $36 from $44.
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