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Stock Market & Financial Investment News

News Breaks
January 31, 2014
06:15 EDTGNRCGenerac upgraded to Outperform from Neutral at RW Baird
RW Baird upgraded Generac with a $60 price target citing the recent pullback in shares.
News For GNRC From The Last 14 Days
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October 2, 2015
16:27 EDTGNRCOn The Fly: Top stock stories for Friday
Stocks on Wall Street were lower at the open after the government's monthly jobs report showed fewer people than expected were hired last month and average hourly wages did not increase. However, the major indexes gathered themselves and began drifting higher, crossing back into the green in early afternoon trading. Before this morning, many investors expected that the Federal Reserve would start raising interest rates before the end of the year, but the jobs data for September has certainly raised doubts in that regard. ECONOMIC EVENTS: In the U.S., 142,000 nonfarm jobs were added last month, missing expectations for 201,000 job additions. Average hourly earnings were flat month-over-month, compared to expectations for them to rise 0.2% in September. The unemployment rate held at 5.1%, as expected. Factory orders fell 1.7% in August, versus expectations for them to drop 1.2%. Baker Hughes said that the U.S. rig count fell by 29 total rigs from last week to 809. COMPANY NEWS: Shares of big banks were underperformers after the jobs report cast doubt on how soon the Fed will begin raising interest rates. Shares of Wells Fargo (WFC) slid 0.32%, JPMorgan (JPM) dropped 0.21% and Bank of America declined 1.09%... Two of the nation's big four wireless carriers were in the news after Experian (EXPGY) announced that one of its units experienced an attack by hackers that exposed data from its client T-Mobile (TMUS) and The Wall Street Journal reported that Sprint (S) plans to eliminate as much as $2.5B in costs and make job cuts over the next six months. MAJOR MOVERS: Among the notable gainers was Wynn Resorts (WYNN), which surged 22.73% to $63.47 following reports that the Chinese government may provide economic support to the gaming center Macau, where Wynn and several peers operate casinos. Shares of Las Vegas Sands (LVS) gained 10.52%, MGM Resorts (MGM) rose 6% and Melco Crown (MPEL) advanced 13.88% after the news as well. Among the noteworthy losers was Amicus Therapeutics (FOLD), which dropped 53.53% to $6.39 after the company said it is unlikely to submit a New Drug Application for its Fabry disease treatment to the FDA by the end of the year. Also lower were shares of backup generator maker Generac (GNRC), which fell 5.18% to $27.62 after weather forecasters' latest models predicted that Hurricane Joaquin may stay offshore and not make landfall along the East Coast of the U.S. INDEXES: The Dow rose 200.36, or 1.23%, to 16,472.37, the Nasdaq gained 80.69, or 1.74%, to 4,707.77, and the S&P 500 advanced 27.54, or 1.43%, to 1,951.36.
10:02 EDTGNRCHigh option volume stocks
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09:44 EDTGNRCOptions with increasing volume
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October 1, 2015
12:54 EDTGNRCOptions with increasing call volume
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08:11 EDTGNRCGenerac volatility at 52-week high as shares at two-year low
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September 30, 2015
13:44 EDTGNRCGenerac spikes ahead of potential U.S. landfall of Hurricane Joaquin
Shares of backup generator maker Generac (GNRC) are trading higher ahead of the potential U.S. landfall of Hurricane Joaquin, which would be the first hurricane to hit the U.S. since Hurricane Arthur in July of 2014. Models for the storm predict it will hit the East Coast anywhere from coastal North Carolina to Long Island, New York, although one model forecasts it will go out to sea. WHAT'S NOTABLE: Previous severe weather events have tended to push Generac shares higher, such as a blizzard this past winter that pushed shares higher by 4.4% on January 26. Just after Hurricane Sandy hit in 2012, an event that boosted Generac shares by more than 30%, CEO Aaron Jagdfeld noted, "The events of the last few days continue to demonstrate for home owners and business owners the importance of having a backup plan for their power needs. Automatic standby generators have emerged as a cost effective and increasingly important part of those backup plans. As a result of the increased awareness these outage events provide, adoption rates for home standby and light commercial generators have accelerated over the last several years." PRICE ACTION: Shares of Generac are higher by 7.3% to $29.24 in afternoon trading.
10:05 EDTGNRCHigh option volume stocks
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