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Stock Market & Financial Investment News

News Breaks
October 29, 2012
17:15 EDTT, GOOG, DTEGY, WMT, LPLGoogle announces three new Nexus devices running Android 4.2
Google (GOOG) announced three new Nexus devices on the company's official Android blog: the Nexus 4 smartphone, the Nexus 7 tablet, and the Nexus 10 tablet. Nexus 4 is Google's latest smartphone, developed with LG (LPL). It has a quad-core processor, a 4.7" display, and wireless charging. Pricing for the Nexus 4 is 8GB for $299; 16GB for $349; available unlocked and without a contract on 11/13 on the Google Play store in U.S., U.K., Australia, France, Germany, Spain and Canada. The 16GB version will also be available through T-Mobile (DTEGY) for $199, with a 2-year contract. The Nexus 7 tablet comes in 16GB of storage for $199, or 32GB of storage for $249. Nexus 7 is also available with 32GB and HSPA+ mobile for $299, which can operate on more than 200 GSM providers worldwide, including AT&T (T) and T-Mobile in the U.S. Nexus 10 is a high resolution tablet with a 10.055" display at 2560-by-1600, or 300ppi. It comes with a battery that will get up to nine hours of video playback and more than 500 hours of standby time. Nexus 10 comes in 16GB for $399; 32GB for $499; and is available on 11/13 in the Google Play Store in the U.S., U.K., Australia, France, Germany, Spain, Canada and Japan. The 32GB version will be available in over 2,000 Walmart (WMT) stores in the U.S. Reference Link
News For GOOG;LPL;DTEGY;T;WMT From The Last 14 Days
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May 17, 2013
16:00 EDTGOOGOptions Update; May 17, 2013
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14:03 EDTGOOGMarket set to finish week with gains after Cisco results, comments
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09:38 EDTGOOGGoogle rises following price target bump, levels to watch
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09:37 EDTGOOGActive equity option families trading on open
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08:53 EDTGOOGGoogle price target raised to $1,065 from $875 at Argus
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07:48 EDTWMTWal-Mart valuation profile seems sustainable, says RW Baird
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07:10 EDTGOOGU.K. to question Amazon over income tax, Reuters reports
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06:49 EDTTAT&T initiated with an Equal Weight at Barclays
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06:36 EDTGOOGGoogle to add new apps to Google Glass, NY Times says
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May 16, 2013
18:42 EDTGOOGGoogle sent letter by Congress over Glass privacy issues, WSJ reports
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16:29 EDTWMTOn The Fly: Closing Wrap
Stocks on Wall Street were lower following some disappointing economic data and a hint from a regional Fed president that the central bank may taper its easing program in the coming months. The averages traded in a narrow range for much of the session before moving lower in the final hour of trading. Comments by San Francisco Fed president John Williams late in the afternoon, suggesting that the central bank may begin slowing its bond buying pace by the summer, may have spurred the late session selling. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares added $2.66, or 12.54%, to $23.87 to lead the blue chip index after the company's results beat expectations on the top and bottom lines. Wal-Mart fell $1.36, or 1.7%, to $78.50 after its first quarter earnings sand second quarter outlook missed the consensus forecast... Tesla Motors (TSLA) last night announced a stock and debt offering of more than $800M, with CEO Elon Musk announcing his intent to buy $100M of the offering, and shares of the electric car maker added $7.36, or 8.67%, to $92.20. MAJOR MOVERS: Among notable gainers was Aegerion (AEGR), up $14.73, or 31.37%, to $61.70 after the company said its Juxtapid treatment may have a $1B global market opportunity and at least two analyst firms raised their price targets on its shares. Also higher was Constellation Brands (STZ), up $1.52, or 3.03%, to $51.76 after the stock was upgraded at Stifel and ISI Group. Among noteworthy losers following analyst downgrades were AMD (AMD), which fell 55c, or 12.56%, to $3.83 after Goldman downgraded the stock to Sell, and CSC (CSC), which slid $2.12, or 4.74%, to $42.59 after being cut to Hold at Deutsche Bank. Also lower following its quarterly report was NetQin Mobile (NQ), down 72c, or 7.5%, to $8.88. INDICES: The Dow was down 42.47, or 0.28%, to 15,233.22; the Nasdaq was down 6.38, or 0.18%, to 3,465.24; and the S&P 500 was down 8.31, or 0.50%, to 1,650.47.
14:01 EDTGOOG, WMTOptions Update; May 16, 2013
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13:16 EDTWMTWal-Mart warns on email phishing scam
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13:05 EDTGOOGSpending on Apple, Android video games jumped in Q1, AllThingsD says
In the first quarter spending on video games for Apple (AAPL) and Android devices increased significantly versus the previous quarter, while spending on video games for traditional handheld consoles fell meaningfully, research firms IDC and App Annie found, according to AllThingsD. Consumers spent three times more on games for smartphones and tablets than on games for traditional handheld consoles last quarter, the website stated. Reference Link
12:24 EDTWMTOn The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80.
10:25 EDTGOOGMicrosoft discussing 'glasses' tech with Vuzix, NY Post says
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10:02 EDTWMTTarget losing traffic, says Buckingham
Buckingham said Target (TGT) is significantly under performing Wal-Mart (WMT) and that its less promotional marketing and consumer offerings are losing traffic. Shares are Neutral rated with a $65 price target.
09:36 EDTGOOGActive equity option families trading on open
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09:27 EDTWMTWal-Mart slips after results and guidance, levels to watch
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09:19 EDTWMTOn The Fly: Pre-market Movers
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