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Stock Market & Financial Investment News

News Breaks
November 13, 2012
12:22 EDTHD, MSFT, GBX, DKS, HCLP, BHI, WFTOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday as the averages struggle to regain some portion of their losses from last week. The market opened moderately lower on the heels of the futures, which ended the premarket session below fair value. The major equity indices have traded in a narrow range again today, though they all stand near session highs at the lunch hour, with the Dow the biggest winner and the Nasdaq fighting to get back into positive territory... ECONOMIC EVENTS: In the U.S., the October federal budget is scheduled to be reported at 2:00 pm ET and is seen widening to $113B from $98.5B a month ago. In Europe, euro-zone leaders failed to agree on the release of the latest round of aid for Greece, though the nation was granted a two-year extension by the EU to repay its current bailout loans. Also, a measure of German economic sentiment unexpectedly fell more than was forecast and U.K. inflation rose faster than expected... COMPANY NEWS: Home Depot (HD) leads all members of the Dow Jones Industrial Average, up 3.7% after its earnings and revenue beat expectations and the company raised its full year guidance. Microsoft (MSFT) is the Dow's laggard, down 2.7% after the head of its Windows unit resigned, though Stifel Nicolaus suggested that the departure could help the company over the long term... MAJOR MOVERS: Among the notable gainers was Greenbrier (GBX), up 17% after investor Carl Icahn reported a 9.99% stake in the company and called its shares undervalued. Also higher were shares of Dick's Sporting Goods (DKS), up nearly 5% following its better than expected quarterly report and increased full year outlook. Among the noteworthy losers was Hi-Crush Partners (HCLP), down 21% after its quarterly results missed consensus and it announced the termination of a supply agreement with Baker Hughes (BHI). Also lower were shares of Weatherford (WFT), down almost 14% after the company reported a disappointing preliminary revenue estimate and said it sees material weakness in its internal controls, prompting it to restate some prior financial statements... INDICES: Near noon, the Dow was up 47.73, or 0.37%, to 12,862.81; the Nasdaq was down 0.68, or 0.02%, to 2,903.58; and the S&P 500 was up 5.64, or 0.41%, to 1,385.67.
News For HD;MSFT;GBX;DKS;HCLP;BHI;WFT From The Last 14 Days
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October 9, 2014
06:42 EDTMSFTMicrosoft CEO admits 'mistakes' with Windows 8, Business Insider reports
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06:41 EDTMSFTMicrosoft initiated with a Market Perform at BMO Capital
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06:31 EDTMSFTFiling says Sony to begin console packaging in China, Bloomberg says
A filing on the website of the China Pilot Free Trade Zone said that Sony (SNE) is aiming to begin packaging over 200K new video game consoles starting in December in China, according to Bloomberg, citing the filing which was verified as authentic by a spokesman for Sony Computer Entertainment. The company is looking to accumulate sales in the country as the end of a 14-year ban on the devices approaches. Microsoft (MSFT) already began selling Xbox Ones in China. Reference Link
06:24 EDTMSFTMicrosoft rumored to cancel Surface tablet business, DigiTimes reports
Microsoft may be planning to cancel the Surface tablet business as it continues to see weak sales for its Surface Pro 3 tablet, reports DigiTimes. According to sources from the upstream supply chain, the first and second generation Surface tablets are estimated to have created losses of about $1.7B. Reference Link
October 8, 2014
16:56 EDTMSFTGartner says worldwide PC shipments in Q3 declined 0.5%
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12:20 EDTGBXGreenbrier shares defended at Sterne Agee
09:34 EDTHDHome Depot management to meet with Deutsche Bank
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06:13 EDTMSFTNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
October 7, 2014
12:50 EDTMSFTSamsung aiming for arbitration versus Microsoft, Bloomberg says
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12:45 EDTMSFTMicrosoft near deal to buy text analysis start-up for about $200M, WSJ says
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12:45 EDTMSFTMicrosoft to hold cloud event on October 20
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10:52 EDTMSFTNokia suspends handset production at Chennai facility, Reuters reports
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10:02 EDTDKSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Air France-KLM (AFLYY) upgraded to Overweight from Underweight at JPMorgan... Alcobra (ADHD) upgraded to Outperform at FBR Capital... Alon USA Partners (ALDW) upgraded to Buy from Neutral at Citigroup... Becton Dickinson (BDX) upgraded to Buy from Hold at Stifel... CNOOC (CEO) upgraded at Bernstein... CTC Media (CTCM) upgraded to Buy from Hold at Deutsche Bank... CVR Refining (CVRR) upgraded to Buy from Neutral at Citigroup... CalAmp (CAMP) upgraded to Outperform from Neutral at Macquarie... China Unicom (CHU) upgraded to Overweight from Equal Weight at Barclays... Crown Holdings (CCK) upgraded at Macquarie... Dick's Sporting (DKS) upgraded to Buy from Neutral at Goldman... Fortuna Silver Mines (FSM) upgraded to Outperformer from Sector Performer at CIBC... Franco-Nevada (FNV) upgraded to Buy from Hold at TD Securities... Horsehead Holding (ZINC) upgraded to Outperform from Market Perform at FBR Capital... Ingersoll-Rand (IR) upgraded to Buy from Neutral at Goldman... IntercontinentalExchange (ICE) upgraded to Buy from Neutral at Citigroup... International Paper (IP) upgraded at BofA/Merrill... Leidos (LDOS) upgraded to Neutral from Underperform at Credit Suisse... Lennox (LII) upgraded to Positive from Neutral at Susquehanna... MGM Resorts (MGM) upgraded to Buy from Hold at Deutsche Bank... Natus Medical (BABY) upgraded to Outperform at William Blair... Noodles & Company (NDLS) upgraded to Buy from Hold at Jefferies... Phillips 66 (PSX) upgraded to Buy from Neutral at Citigroup... RockTenn (RKT) upgraded to Buy from Neutral at BofA/Merrill... Smith & Nephew (SNN) upgraded to Hold from Sell at Societe Generale... Sotheby's (BID) upgraded to Buy from Hold at Craig-Hallum... Sun Life Financial (SLF) upgraded to Overweight from Equal Weight at Barclays... WellCare (WCG) upgraded at Sterne Agee... Yamana Gold (AUY) upgraded to Neutral from Underweight at HSBC.
09:35 EDTHDHome Depot management to meet with Deutsche Bank
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07:48 EDTMSFTU.S. Chamber of Commerce to hold a discussion
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07:00 EDTMSFTReport says 100K Xbox Ones sold throughout China, Kotaku says
A report from Chinese video games news website 17173 said that Shanghai Media Group vice-president Zhang Dazhong accidentally noted that over 100K Microsoft Xbox One consoles sold throughout China during the first week they were launched, according to Kotaku, citing the report from 17173. Reference Link
06:30 EDTDKSDick's Sporting upgraded to Buy from Neutral at Goldman
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06:06 EDTBHIBaker Hughes announces September international rig count down 16 to 1,323
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October 6, 2014
07:00 EDTHDHome Depot management to meet with Deutsche Bank
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06:21 EDTMSFTMicrosoft 2015 solution may not help suppress Chromebook growth, DigiTimes says
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