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Stock Market & Financial Investment News

News Breaks
April 9, 2014
09:11 EDTETFC, SNMX, CTCT, LNKD, GM, ZGNX, ISRG, FEYE, YELP, PEP, ACI, AA, TMOn The Fly: Pre-market Movers
HIGHER: Constant Contact (CTCT), up 16% after its preliminary first quarter revenue outlook beat estimates... Alcoa (AA), up 4% after reporting adjusted profit that beat estimates... LinkedIn (LNKD), up 3% following upgrade at Topeka... Yelp (YELP), up 1.8% after upgraded at CRT Capital... Senomyx (SNMX), up 8.7% after entering into research agreement with PepsiCo (PEP)... Zogenix (ZGNX), up 5.4% after requesting order staying the ban of Zohydro in MA... Consumer Portfolio (CPSS), up 4% after upgraded at Stephens... FireEye (FEYE), up 2% after upgraded at Topeka... E-Trade (ETFC), up 2% following upgrade at BofA Merrill Lynch. LOWER: GM (GM), down 1.6% after shares downgraded to Underweight at Morgan Stanley... Toyota (TM), down 2.3% after announcing recall of over 6M vehicles worldwide... Intuitive Surgical (ISRG), down 9% after giving a first quarter revenue outlook that widely missed expectations and saying it will take a $67M charge in the quarter related to legal settlements...Arch Coal (ACI), down 3.5%, Walter Energy (WLT), down 3%, and Alpha Natural (ANR), down 3.3% following downgrades at UBS.
News For GM;TM;YELP;LNKD;AA;FEYE;CTCT;ACI;ISRG;SNMX;PEP;ZGNX;ETFC From The Last 14 Days
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February 1, 2016
10:02 EDTGMGeneral Motors volatility elevated into Q4 and outlook
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09:36 EDTAAActive equity options trading on open
Active equity options trading on open: BAC AAPL FB AMZN TWTR MGM MCD NFLX GILD INTC TSLA AA BABA C
09:04 EDTAAElliott Management: Alcoa 'taking the right steps'
Alcoa and affiliates of Elliott Management, which hold an economic interest in approximately 7.5% of Alcoa's common stock, have entered into an agreement that provides that Elliott will support the company's slate of director nominees at Alcoa's 2016 Annual Meeting of Shareholders.
09:03 EDTAAAlcoa names three new directors to board
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09:02 EDTAAAlcoa to appoint 3 new directors to board; Elliott to support slate of nominees
Alcoa announced that it will appoint Ulrich "Rick" Schmidt, John C. Plant and Sean O. Mahoney to serve on the company's Board of Directors, effective February 5, 2016. These appointments will further strengthen the company and add valuable aerospace and automotive experience to the Board as Alcoa prepares to separate into two independent companies in the second half of 2016. With these appointments, the Alcoa Board will be expanded to consist of 15 directors. In connection with this announcement, Alcoa and affiliates of Elliott Management, which hold an economic interest in approximately 7.5% of Alcoa's common stock, have entered into an agreement that provides that Elliott will support the company's slate of director nominees at Alcoa's 2016 Annual Meeting of Shareholders. Mahoney will be included with the company's slate of director nominees for election at the Company's 2016 Annual Meeting of Shareholders and will be added to the class of directors whose term expires in 2016. Schmidt and Plant will be added to the class of directors whose terms expire in 2017 and 2018, respectively. Dave Miller, Senior Portfolio Manager at Elliott Management said, "We believe the Company is taking the right steps as it moves forward with its separation. This is a pivotal moment for Alcoa and represents an opportunity to create substantial value for shareholders. We are pleased to have worked constructively with Alcoa and believe that Rick, John and Sean bring relevant experience to the Alcoa Board and the future Value-Add Co." As previously announced, Alcoa plans to separate into two, publicly traded companies in the second half of 2016. The Upstream company will comprise five strong business units that today make up Global Primary Products: Bauxite, Alumina, Aluminum, Cast Products and Energy; the innovation and technology-driven Value-Add company will include the Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions businesses. As the Company prepares to implement the separation, the Board of Directors will work closely with Alcoa's management team in a comprehensive review of its portfolio, operations, profitability drivers and cost structure, and will update the market at the appropriate time.
05:48 EDTTMToyota confirms plans to halt domestic production from February 8-13
Due to parts shortages resulting from an explosion that occurred on January 8 at an Aichi Steel Corporation manufacturing facility, Toyota Motor Corporation will suspend all production on its vehicle assembly lines within Japan from February 8 through 13. Operations are scheduled to recommence on February 15, and vehicle production on lines outside Japan will not be suspended. Toyota will continue to take any measures necessary to minimize the impact of this incident on vehicle production. Such measures may include production on alternate lines operated by Aichi Steel and procurement from other steelmakers.
05:08 EDTLNKDStocks with implied volatility above IV index mean; LNKD TWTR
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January 31, 2016
20:43 EDTTMOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
19:39 EDTTMToyota may halt domestic production amid steel shortage, Reuters says
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January 29, 2016
11:02 EDTPEPPepsiCo unveils new hospitality venture with launch of Kola House
Pepsi (PEP) announces its plans to launch Kola House, the first experimental kola bar, restaurant, lounge and event space to open in the U.S. market. This first-of-its-kind hospitality venture is set to open its doors in spring 2016, with its flagship location in New York City's Meatpacking District. The flagship location will also serve as an event space for pop culture moments in music, art, style, film, sports and more. Pepsi is leveraging its partnership with Live Nation (LYV) to help build out a special music series, Live at the Kola House, which will serve as tent pole moments throughout its year-long programming. Each of the intimate, stripped down performances will bring fans up-close to the artists both visually and acoustically for the once-in-a-lifetime shows.
10:56 EDTFEYEIT security stocks rise after Fortinet meets expectations
The shares of a number of IT security companies are rising after one of the companies in the sector, Fortinet (FTNT), reported in-line fourth quarter results last night. JPMorgan and RBC Capital were upbeat on the company's outlook. WHAT'S NEW: Fortinet reported Q4 EPS of 18c, in line with analysts' consensus outlook. The company's revenue was also in-line with the consensus outlook, while its billings jumped 35% versus the same period a year earlier. Moreover, Fortinet's fiscal 2016 guidance also came in near consensus estimates. ANALYST REACTION: Fortinet's results show that it is gaining market share, especially overseas and among U.S. small and medium businesses, JPMorgan analyst Sterling Auty stated. Additionally, the company's margins look set to reach about 15% in fiscal 2016, up from 13% the previous year, and its free cash flow should jump 33% in fiscal 2016, the analyst predicted. He kept a $54 price target and Overweight rating on the shares, saying the quarter should bring a "welcomed lift" following the recent selloff in shares. Fortinet's guidance suggests that it will have more leverage than expected in fiscal 2016, but its outlook is also "somewhat conservative," RBC Capital analyst Dan Bergstrom wrote. Fortinet's stock is relatively cheap versus its peers and its historical norms, the analyst believes. However, he kept a $32 price target and Sector Perform rating on the shares. WHAT'S NOTABLE: Yesterday morning IT security company Check Point (CHKP) reported stronger than expected Q4 results and provided in-line fiscal 2016 EPS guidance, excluding certain items. Last night IT security company Proofpoint (PFPT) reported in-line Q4 results but provided lower than expected fiscal 2016 EPS guidance. PRICE ACTION: In late morning trading, Fortinet climbed 6% to $28. Other IT security companies also advanced, with Palo Alto (PANW) surging 7.5%, Barracuda (CUDA) gaining 2.5% to $10.60, FireEye (FEYE) rising 1.5% to $14, Check Point adding 1% to $77.70 and Symantec (SYMC) rising 1.2% to $129.75.
06:07 EDTPEPPepsi making foray into restaurant business with Kola House, NY Times says
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05:48 EDTTMToyota confirms plans to buy out rest of Daihatsu
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January 28, 2016
19:09 EDTFEYEOn The Fly: After Hours Movers
UP AFTER EARNINGS: Gigamon (GIMO), up 15.2%... QLogic (QLGC), up 11%... Fortinet (FTNT), up 9.2%... ShoreTel (SHOR), up 5.7%... Skyworks (SWKS), up 3.6%... Flextronics (FLEX), up 4.6%... Microsoft (MSFT), up 3.6%... Proofpoint (PFPT), up 3.1%. ALSO HIGHER: Palo Alto Networks (PANW) is up 1.1% and FireEye (FEYE) is up 1.6% after Fortinet reported quarterly results. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 13.2%... Synaptics (SYNA), down 3.8%... Electronic Arts (EA), down 8%... Quality Systems (QSII), down 9%... Visa (V), down 1.2%. ALSO LOWER: Facebook (FB) is down 1.2%, Netflix (NFLX) is down 2.7%, and Alphabet (GOOG, GOOGL) is down 1.5% and 1.7%, respectively, after Amazon reported quarterly results.
12:32 EDTGMGM, Lithia Motors settle FTC actions alleging inadequate car inspection programs
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10:28 EDTTMTakata CEO plans to resign, WSJ reports
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09:46 EDTFEYEFireEye downgraded to Negative from Mixed at OTR Global
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08:31 EDTAAAlcoa, Boeing agree on long-term supply deal
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06:09 EDTGMGM's Opel unit, watchdog recalling undisclosed number of models, Reuters reports
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05:47 EDTTMToyota seen deciding Friday on buying out rest of Daihatsu, Reuters reports
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