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Stock Market & Financial Investment News

News Breaks
March 18, 2014
09:13 EDTKIOR, HDY, HPQ, WMT, SFLY, FF, RNA, GME, YGE, GALE, HTZOn The Fly: Pre-market Movers
UP AFTER EARNINGS: FutureFuel (FF), up 21%. ALSO HIGHER: Prosensa Holding (RNA), up 20% after reporting results from a Phase II trial of drisapersen for the treatment of Duchenne Muscular Dystrophy... Hyperdynamics (HDY), up 12% after announcing it wishes to recommence drilling plans of an exploratory well offshore Guinea... Yandex (YNDX), up 4% after reported acquisition of KitLocate... HP (HPQ), up 1.8% following upgrade to Overweight at Barclays. DOWN AFTER EARNINGS: Yingli Green Energy (YGE), down 7%. ALSO LOWER: Hertz (HTZ), down 1%, after earnings report, new $1B share repurchase program, confirming approval for separation of equipment rental business... Galena Biopharma (GALE), down 15.8% after disclosing an SEC investigation into the company related to an outside investor relations firm retained in 2013... GameStop (GME), down 5% after Wal-Mart (WMT) announces used videogame trade-in program... Shutterfly (SFLY), down 6.5% after downgrade at Cowen... KiOR (KIOR), down 44% after saying it has "substantial doubts" about ability to continue as going concern.
News For GME;WMT;HTZ;RNA;HPQ;GALE;FF;HDY;YGE;SFLY;KIOR From The Last 14 Days
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January 14, 2015
10:00 EDTGMEOn The Fly: Analyst Upgrade Summary
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09:16 EDTGMEOn The Fly: Pre-market Movers
HIGHER: ZIOPHARM (ZIOP), up 53% after the company and Intrexon (XON) announced a licensing agreement with University of Texas. Intrexon shares are also up 12%... GameStop (GME), up 10.6% after reporting holiday SSS, providing guidance for the fourth quarter and fiscal 2014, and being upgraded at Pacific Crest... Smith Micro (SMSI), up 12.7% after reporting preliminary fourth quarter revenue and providing revenue guidance for the first quarter and fiscal 2015... BioCryst (BCRX), up 3.2% after receiving a positive opinion on EMA orphan drug designation for BCX4161... GoPro (GPRO), up 1% following analyst remarks that sell-off after yesterday's report on Apple (AAPL) patent was "overdone." DOWN AFTER EARNINGS: JPMorgan (JPM), down 2.7%... Wells Fargo (WFC), down 2.2%... Banking peers down as well, with Bank of America (BAC) down 2.8% and Citi (C) down 2%. ALSO LOWER: Tesla (TSLA), down 9% following comments made by CEO Elon Musk at an automotive conference in Detroit regarding a slowdown in China... New Media (NEWM), down 4.8% after 7M share spot secondary priced at $21.70... General Motors (GM), down 3% after giving 2015 guidance, saying it is on track to meet previously announced 2016 financial targets... Apple (AAPL), down 1% following lawsuit against Ericsson (ERIC) and countersuit filing.
07:47 EDTGMEGameStop new software sales promising, says SunTrust
After GameStop reported roughly in-line holiday SSS but said that its new software sales had risen 6%, the firm thinks the overall holiday data bodes well for the company's Q4 results. The firm keeps a Buy rating on the shares.
07:23 EDTGMEGameStop looks to be capitalizing on new products, says Oppenheimer
After GameStop reported that its total holiday SSS fell 3.1% but reiterated its previous Q4 EPS guidance, Oppenheimer says the company looks to be capitalizing on new products, while the short thesis on the stock was "somewhat" undermined by the company's report. The firm says the company is not yet out of the woods, but keeps an Outperform rating on the shares.
07:02 EDTYGEYingli Green Energy completes 10 MW solar power plant in China's Hebei Province
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06:38 EDTGMEGameStop upgraded to Outperform from Underperform at Pacific Crest
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06:14 EDTHPQMediaTek: Worldwide tablet shipments rise at slower pace, DigiTimes says
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January 13, 2015
18:37 EDTGMEOn The Fly: After Hours Movers
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18:24 EDTGMEGameStop now sees FY14 SSS up 3% to up 4%
18:24 EDTGMEGameStop now sees Q4 SSS down 2.5% to down 1%
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16:18 EDTGMEGameStop trades up after hours, levels to watch
Shares are up over 6.8% to $35 in the extended session. At that price resistance is at the after hours high at $36 and then at $37.20. Support is at $34.88.
16:14 EDTGMEGameStop up 9.3% after reporting holiday SSS, backing Q4, FY14 EPS guidance
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16:13 EDTGMEGameStop backs FY14 EPS view of $3.40-$3.55, consensus $3.49
16:13 EDTGMEGameStop backs Q4 EPS view of $2.08-$2.24, consensus $2.16
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16:12 EDTGMEGameStop reports total holiday SSS down 3.1%
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12:48 EDTHPQOn The Fly: Midday Wrap
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11:57 EDTHPQHP rises after PC report despite Pacific Crest downgrade
Shares of personal computer maker Hewlett-Packard (HPQ) are rising after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. The advance comes despite research firm Pacific Crest having downgraded HP shares this morning. WHAT'S NEW: Worldwide shipments of PCs increased 1% last quarter, Gartner estimated. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. The estimate suggests that PCs are not fading into oblivion, as some had predicted. Despite this news, research firm Pacific Crest downgraded HP to Sector Perform from Outperform in a note to investors today. HP is facing increased competition, as a number of companies are buying fewer individual servers and IT storage products, Pacific Crest analyst Brent Bracelin stated. Instead, they are buying integrated IT stacks. Ongoing technological trends could make this option more popular going forward, the analyst believes. Additionally, new data storage systems - including next wave systems with software-defined controls, cloud storage systems, and open sources systems - are growing rapidly and could increase the competitive pressure on HP, the analyst stated. Bracelin is less confident that HP's multiple can expand further going forward, he added. WHAT'S NOTABLE: Bracelin also downgraded NetApp (NTAP) to Sector Perform from Outperform for the same reasons that he cut his rating on HP. The analyst identified Tableau (DATA), F5 Networks (FFIV), Qlik Technologies (QLIK), and Nimble Storage (NMBL) as his favorite names in the IT infrastructure sector. F5 should benefit from earnings and multiple expansion as it carries out its security strategy, while Qlik is well-positioned to generate improved growth and margins, the analyst stated. Tableau and Nimble are poised to report better than expected results as their new products ramp up, Bracelin believes. OTHERS TO WATCH: Other companies that benefit from upbeat PC sales include Intel (INTC), Microsoft (MSFT), and hard disk drive makers Seagate (STX) and Western Digital (WDC). PRICE ACTION: In late morning trading, HP shares climbed 1.5% to $40.50.
10:00 EDTHPQOn The Fly: Analyst Downgrade Summary
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08:53 EDTRNAProsensa announces holder approval of certain matters relating to BioMarin
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06:44 EDTHPQHP downgraded to Sector Perform from Outperform at Pacific Crest
Pacific Crest downgraded HP (HPQ) to Sector Perform citing valuation and rising competitive risks from hyperconvergence and new datastores. The firm lists Tableau (DATA), F5 Networks (FFIV), lik Technologies (QLIK) and Nimble Storage (NMBL) as its top names to own in the Cloud, Analytics & Data Infrastructure space. Pacific Crest also downgraded also NetApp (NTAP) to Sector Perform citing the same rationale as HP.
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