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Stock Market & Financial Investment News

News Breaks
July 18, 2014
12:42 EDTAMD, GTIV, GOOGL, GOOG, KND, IBM, RP, SWKS, GEOn The Fly: Midday Wrap
Stocks on Wall Street began the session in positive territory and have remained there throughout the morning. The averages moved in a narrow range for most of the opening hour of the session but spurted to higher levels during the second hour. Investors appear to be using yesterday’s sell-off as a buying opportunity, despite the ongoing events in Russia and Israel that largely contributed to yesterday’s action. ECONOMIC EVENTS: The first release of the University of Michigan consumer sentiment index for July fell to 81.3 after ending June with an 82.5 reading. The leading economic indicator index rose 0.3% to 102.2, which was a bit below the forecast for an increase of 0.5%. COMPANY NEWS: Class A shares of Google (GOOGL) advanced over 3% after the search giant reported quarterly revenue that beat expectations last night. Following its report, at least three Wall Street research firms raised their price targets on the stock, while noted tech analyst Collin Gillis of BGC Financial upgraded the stock to Buy from Hold... Dow component General Electric (GE) reported second quarter EPS of 39c, matching the consensus forecast, and revenue that just missed the consensus view of analysts. The company also reported that it is targeting the initial public offering of IPO of Synchrony Financial (SYF), its North American Retail Finance business, for July. In the IPO, Synchrony is offering 125M shares of its common stock, which will be listed on the New York Stock Exchange under the symbol “SYF,” and anticipates that the IPO price of the shares will be between $23.00 and $26.00 per share... Another Dow member, IBM (IBM), fell 0.4% after reporting adjusted Q2 earnings per share and revenue that beat expectations. Afterward, Cantor said it thinks the worst is over for the company and reiterated its Buy rating on the shares, though Societe Generale downgraded IBM to Sell from Hold and Credit Suisse said IBM continues to be driven by less revenue growth and kept its Underperform rating and $160 price target on Big Blue's stock. MAJOR MOVERS: Among the notable gainers was Skyworks (SWKS), which gained 14% after reporting third quarter results and fourth quarter guidance above analyst estimates and seeing no less than five analyst firms raise their price targets on its stock. Also higher was Gentiva Health (GTIV), which rose 14% after it announced that its board unanimously determined to reject the partial tender offer from Kindred Healthcare (KND) to acquire 14.9% of the outstanding shares of Gentiva for a price of $16.00 per share in cash and disclosed that it has received a $17.25 per share, all-cash takeover proposal from a "recognized owner, operator and investor in the sector." After the announcement, shares of Kindred fell 2%. Also lower following their earnings reports were RealPage (RP), which fell over 21%, and Advanced Micro Devices (AMD), which dropped nearly 18%. INDEXES: Near midday, the Dow was up 107.05, or 0.63%, to 17,083.86, the Nasdaq was up 57.98, or 1.33%, to 4,421.43, and the S&P 500 was up 17.04, or 0.87%, to 1,975.16.
News For GOOGL;GE;IBM;GTIV;SWKS;KND;AMD;RP;GOOG From The Last 14 Days
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June 17, 2015
13:17 EDTAMDAMD advances after introducing next-generation Radeon graphics line-up
Shares of AMD (AMD) are rising today after the company introduced its next-generation Radeon graphics line-up yesterday at the Electronic Entertainment Expo or E3. "The AMD next-generation graphics cards mark a technology turning point in PC gaming, bringing super high resolutions, exceptional VR experiences, smoother gameplay, support for new, advanced APIs like DirectX 12 and Vulkan, and groundbreaking form factors to gamers everywhere through a top-to-bottom line of GPUs that fit virtually every need and budget", the company noted. Radeon R9 300 series GPUs and Radeon R7 series GPUs are scheduled for select retailer availability on June 18. The AMD Radeon R9 Fury X GPU is planned to be available on June 24. AMD competes with NVIDIA (NVDA) in the graphics processor unit or GPU product space. Shares of AMD are up around 5% to $2.47 while NVIDIA shares are up 0.75% to $21.49 in afternoon trading.
10:58 EDTGOOGGoogle announces cross-device measurement for all DoubleClick products
Google announced that cross-device measurement is coming to all of its DoubleClick advertiser products, so marketers can measure conversions that start as a click on one device and end with a conversion on another for all their campaigns across the web, not just with the ads they buy from Google. Reference Link
10:05 EDTGEGE Aviation, Mahindra Aeropsace to collaborate on manufacturing opportunities
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09:54 EDTGEGeneral Electric calls active on activist investor speculation
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09:48 EDTGERumor: General Electric moves up on activist investor speculation
09:40 EDTAMDActive equity options trading on open
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09:36 EDTAMDActive equity options trading on open
Active equity options trading on open: AAPL FB AMD ADBE TWTR BABA QIHU NFLX BAC
07:30 EDTGEEconomic Club of Washington, D.C. to hold a luncheon meeting
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06:36 EDTGEGeneral Electric, Altran Technologies announce intention to form alliance
Altran and General Electric announced they have signed a Memorandum of Understanding to form an alliance focused on delivering the next generation of Industrial Internet solutions that support secure connected assets and objects; industrial analytics and data science; and machine data management. This partnership complements both GE’s & Altran’s deep industrial and software expertise in order to power economic growth in France and globally. Altran and GE continue to build out their Industrial Internet ecosystem of global alliances and partnerships with this latest MOU. The companies are negotiating to define the scope of services each will provide under the terms of the agreement. The alliance is expected to begin operations in the fourth quarter of 2015. This agreement has been signed this day at the International Paris Air Show.
06:34 EDTGOOGGoogle's former head of Maps to join Uber, Re/code reports
Brian McClendon, the former head of Google Maps and a 10-year company veteran, will join Uber to oversee the company's new Advanced Technologies Center out of Pittsburgh, Re/code reports. McClendon will help guide Uber’s mapping, self-driving car and vehicle safety initiatives, the report says. Reference Link
June 16, 2015
19:38 EDTGOOGNext Google Nexus may have 3D camera, BGR says
Google is working on two Nexus handsets and LG's is testing a 3D camera for its model, reports the Boy Genius Report. Reference Link
16:01 EDTGEApple Twitter Facebook Bank of America Yahoo Netflix Alibaba WisdomTree Coca-Cola Goldman Sachs Micron General Electric
iPath S&P 500 VIX Short-Term Futures down 33c to 18.68. Option volume leaders: AAPL TWTR FB BAC YHOO NFLX BABA WETF KO GS MU GE.
14:47 EDTGOOGL, GOOGBanking sources say Twitter open to potential sale, Gasparino says
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13:56 EDTGOOG, GOOGLTwitter hits 52-week low after MKM downgrades on user growth concerns
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08:40 EDTSWKSSkyworks likely to beat consensus but valuation stretched, says Stephens
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08:09 EDTGEGE's renewable energy business announces $25M investment from TerraForm
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07:51 EDTGOOG, GOOGLTwitter downgraded to Neutral at MKM Partners on stalled user growth
As previously reported, MKM Partners analyst Rob Sanderson downgraded Twitter (TWTR) to Neutral from Buy, noting that growth in its user base is stalling out and he sees no catalyst for sentiment to improve in the next two quarters, besides a possible bid from Google (GOOG). Sanderson thinks the company's CEO search brings with it some uncertainty and likely delays user experience improvements, unless Jack Dorsey takes over full-time, but that would require him to give up his CEO post at Square. The firm lowered its estimates on Twitter and cut its price target on the shares to $39 from $57.
06:01 EDTGOOGNeal Mohan not leaving Google for Dropbox, Re/code reports
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05:52 EDTGOOGStocks with implied volatility movement; GOOG VXX
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05:49 EDTAMDSK Hynix ramps production of high bandwidth memory
SK Hynix announced that it is shipping mass production volumes of 1st generation High Bandwidth Memory based on SK hynix’s advanced 20nm-class DRAM process technology. In addition to the mass production announcement, SK Hynix recognized AMD as a key partner in enabling HBM1 technology. AMD announced the Radeon R9 Fury X on June 16th. The AMD Radeon R9 Fury X graphics card utilizes 4GB HBM1 to achieve up to 512GB/second memory bandwidth performance while reducing memory subsystem power by up to 85%.
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