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Stock Market & Financial Investment News

News Breaks
January 9, 2013
16:20 EDTININ, DISH, HA, NUVA, CLWR, APOL, S, HLFOn The Fly: Closing Wrap
Stocks on Wall Street were higher as Alcoa's (AA) report and outlook sparked optimism regarding the Q4 earnings season that is just beginning. The averages drifted for much of the session, moving lower just after midday and again losing some ground prior to the close, but held onto enough of their gains to finish the day in positive territory... ECONOMIC EVENTS: In the U.S., the EIA's weekly petroleum status update showed that inventories of crude oil built up but by fewer barrels than expected, while gasoline and distillates built up by more than expected. In Europe, industrial output in Germany grew slightly in November but fell short of expectations, as the 0.2% adjusted monthly rise missed expectations for a 1.0% increase... COMPANY NEWS: Herbalife (HLF) dominated the headlines through the day, as Dan Loeb's hedge fund Third Point disclosed an 8.24% stake in the company this morning, sending shares sharply higher. Herbalife continued to trade higher until a Dow Jones headline said the SEC will open an investigation of the company, sending shares temporarily down almost $4. Shares of Herbalife, however, reversed again and finished the day up $1.60, or 4.17%, to $39.95 ahead of tomorrow's much anticipated investor meeting to address Bill Ackman's short thesis... Shares of Clearwire (CLWR) gained 21c, or 7.19%, to $3.13 after the company got an unsolicited $3.30 per share buyout bid from Dish Network (DISH). Sprint (S), which already owns a majority stake in Clearwire and has a deal in place to acquire the remaining interest in the company, saw its shares fall 9c, or 1.51%, to $5.88 following the news... MAJOR MOVERS: Among the notable gainers was NuVasive (NUVA), which rose $1.70, or 10.79%, to $17.46 after reporting preliminary revenue that beat expectations and having its stock upgraded to Sector Perform at RBC Capital. Also higher were shares of Interactive Intelligence (ININ), up $6.12 or 18.60%, to $39.02 after the company reported Q4 orders were up 119% over last year and gave an FY13 revenue view above consensus. Among the noteworthy losers was Apollo Group (APOL), down $1.61, or 7.69%, to $19.33 following its Q1 earnings report last night. Also lower were shares of Hawaiian Holdings (HA), down 46c, or 6.52%, to $6.59 following a two notch downgrade to Underperform from Buy at Bank of America Merrill Lynch... INDICES: The Dow was up 61.66, or 0.46%, to 13,390.51; the Nasdaq was up 14.00, or 0.45%, to 3,105.81; and the S&P 500 was up 3.87, or 0.27%, to 1,461.02.
News For HLF;CLWR;DISH;S;NUVA;ININ;APOL;HA From The Last 14 Days
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November 21, 2014
06:18 EDTDISHDISH price target raised to $94 from $79 at Citigroup
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05:44 EDTDISHCBS has upper-hand in dispute with DISH, says Piper Jaffray
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November 20, 2014
18:21 EDTDISHCBS consents to short term extension on DISH negotiations, Bloomberg says
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09:08 EDTDISHDISH CEO looking to boost shares for T-Mobile bid, Fox Business reports
DISH (DISH) CEO Charles Ergen is buying more spectrum in an attempt to boost his companyís share price ahead of a potential T-Mobile (TMUS) takeover bid, Charles Gasparino of Fox Business reports, citing sources.
06:37 EDTDISHCBS, DISH share downside limited with blackout, says Citigroup
Citigroup sees limited share downside for both CBS (CBS) and DISH (DISH) should a blackout result in the companies not renewing their carriage agreement, which expires today. Citi notes shares of CBS are down 3% since the press started reporting about the tenuous negotiations. It estimates CBS' equity value could fall 2% with a blackout, thus it believes the impact is already priced in. Further, Citi sees a minimal impact to DISH from a potential CBS blackout. The firm keeps Buy ratings on both stocks.
06:18 EDTDISHStocks with implied volatility movement; DISH GDX
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November 19, 2014
16:31 EDTDISHOn The Fly: Closing Wrap
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13:10 EDTDISHDISH, Globalstar climb as wireless spectrum bids reportedly jump
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13:06 EDTDISHDeutsche Telekom CEO says T-Mobile could again attract suitors, Bloomberg says
Bloomberg quotes Deutsche Telekom (DTEGY) CEO Timotheus Hoettges speaking in interview as having said that T-Mobile (TMUS) could attract interest from suitors such as Comcast (CMCSA), DISH (DISH) or America Movil (AMOV, AMX).
10:00 EDTHLFOn The Fly: Analyst Initiation Summary
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07:19 EDTDISHSpectrum auction positive for DISH, Globalstar, says JPMorgan
JPMorgan notes the AWS-3 spectrum auction continued on Tuesday with the aggregate value of licenses with bids at $16.4B, up from Monday's $8.9B and compared to the reserve price of $10.6B that the FCC set for the entire auction. The firm views the rise in prices as negative for telecom carriers that are spending more than expected, namely AT&T (T) and Verizon (VZ), and possibly T-Mobile (TMUS) and US Cellular. It views the prices as positive for independent spectrum owners like DISH (DISH) and Globalstar (GSAT), as well as tower companies American Tower (AMT), SBA Communications (SBAC) and Crown Castle (CCI).
06:14 EDTHLFHerbalife initiated with a Buy at BTIG
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November 18, 2014
06:27 EDTSSprint's Chief Marketing Officer to leave company, WSJ reports
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06:23 EDTSSprint names Douglas Michelman to management team, to replace Bill White
Sprint (S) announced the appointment of Douglas Michelman to Sprintís leadership team. Most recently, he spent 10 years as Chief Communications Officer at Visa (V), where he oversaw global media relations, public affairs, industry analyst relations and financial and communication strategies. Prior to Visa, Michelman served in various roles at FleishmanHillard, including regional president and senior partner. In addition to his many years of corporate experience, Michelmanís communications background also includes staff positions for two presidential campaigns. Michelman replaces Bill White, Senior Vice President of Corporate Communications and Corporate Social Responsibility, who will be leaving the company. White spent the past 32 years with Sprint. Michelman joins Sprint on Monday, Dec. 1, 2014, and will be relocating to Overland Park, Kansas.
November 17, 2014
10:02 EDTNUVAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CyrusOne (CONE) upgraded to Buy from Hold at Stifel... MGIC Investment (MTG) upgraded to Conviction Buy from Buy at Goldman... NuVasive (NUVA) upgraded to Outperform from Market Perform at Wells Fargo... Phillips 66 (PSX) upgraded to Outperform from Neutral at Credit Suisse... Pinnacle Foods (PF) upgraded to Buy from Hold at Deutsche Bank... Rayonier (RYN) upgraded to Outperform from Sector Perform at RBC Capital.. Thoratec (THOR) upgraded to Outperform from Market Perform at Wells Fargo... Volcano (VOLC) upgraded to Outperform from Neutral at Credit Suisse... Progressive Waste (BIN) upgraded to Neutral from Underperform at Macquarie... Clean Harbors (CLH) upgraded to Outperform from Neutral at Wedbush... McGraw Hill Financial (MHFI) upgraded to Buy from Hold at Benchmark Co... Chesapeake (CHK) upgraded to Outperform from Market Perform at Bernstein... American Science & Engineering (ASEI) upgraded to Fair Value from Sell at CRT Capital... Sony (SNE) upgraded to Overweight from Equal Weight at Morgan Stanley.
05:39 EDTNUVANuVasive upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded NuVasive to Outperform after attending last week's North American Spine Society annual meeting. Wells believes the worldwide spine market continues to improve and that NuVasive is well positioned to capitalize on the momentum. The firm raised its price target range for shares to $50-$52 from $43-$44.
November 14, 2014
17:07 EDTHLFSoros Fund Management gives quarterly update on stakes
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12:53 EDTSOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
08:59 EDTNUVANuVasive price target raised to $51 from $49 at Canaccord
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08:07 EDTHLFHerbalife director linked to Brazilian fraud case, Reuters reports
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