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Stock Market & Financial Investment News

News Breaks
July 22, 2014
16:36 EDTHLF, UTX, DD, VZ, KO, MCD, NFLX, HOG, CROX, CMG, TRVOn The Fly: Closing Wrap
Stocks on Wall Street were higher in spite of post-earnings drops from a number of Dow components and a halt of U.S. flights to Israel's capital. Stocks began the session in positive territory and remained there throughout the entire session, moving in a fairly narrow range against the backdrop of a pick-up in the number of companies reporting on their quarterly results. The market withstood the latest headlines from Israel's conflict in Gaza, which indicated that the FAA has suspended U.S. flights to Tel Aviv for 24 hours following a rocket launch that landed near the city's airport. With the Dow again near record levels, investors are preparing for tonight's earnings blast, which includes reports from both Apple (AAPL) and Microsoft (MSFT). ECONOMIC EVENTS: In the U.S., the Consumer Price Index rose 0.3% in June, matching expectations. The FHFA home price index rose 0.4% to 212.4 in May. Existing home sales rose 2.6% to a rate of 5.04M in June, beating expectations for a 2.2% monthly increase to a 5.0M rate. The Richmond Fed's manufacturing index rose 3 points to 7 in July, missing the consensus forecast by 1 point. COMPANY NEWS: Shares of Herbalife (HLF) began the day in negative territory as hedge fund manager Bill Ackman, who has repeatedly called the company a pyramid scheme, prepared to begin the presentation that he told CNBC yesterday would show why the company "is going to collapse." Among the allegations made today, Ackman estimated that Herbalife's nutrition clubs lose an average of $12K for their operators, that the clubs contribute "enormously" to Herbalife's results and that Herbalife insiders are selling while the company is repurchasing shares. After the multiple hour long presentation, Herbalife said Ackman "over-promised and under-delivered" on his $1B bet against the company. The multi-level marketing company added that Ackman’s claim about the earnings of its nutrition clubs is "completely false and fabricated" and the stock closed the day up $13.75, or 25.45%, at $67.77... Six members of the Dow Jones Industrial Average, or one fifth of the index, reported on their earnings this morning. Among them, Verizon (VZ) advanced 28c, or 0.55%, to $50.98, while Coca-Cola (KO) slid 2.85%, McDonald’s (MCD) fell 1.31%, DuPont (DD) dropped 0.9%, United Technologies (UTX) dropped 1.88% and Travelers (TRV) declined 3.81%. MAJOR MOVERS: Among the notable gainers was Chipotle Mexican Grill (CMG), which rallied $69.84, or 11.84%, to $659.77 after the restaurant operator's second quarter results handily beat analysts' consensus estimates and it raised its fiscal 2014 comparable restaurant sales outlook. Also higher was Crocs (CROX) which rose $1.84, or 12.4%, to $16.68 after the footwear maker reported second quarter earnings per share and revenue that exceeded analysts' consensus and detailed its plans for cost-saving measures and store closures. Among the noteworthy losers was Harley Davidson (HOG), which fell $3.62, or 5.4%, to $63.46 after its second quarter earnings beat expectations but the company lowered its forecast for its fiscal year motorcycle shipments. Also lower were shares of Netflix (NFLX), which fell $20.86, or 4.62%, to $431.09 after several research firms reiterated their negative outlook on the stock following the company's second quarter results. INDEXES: The Dow was up 61.81, or 0.36%, to 17,113.54, the Nasdaq was up 31.31, or 0.71%, to 4,456.02, and the S&P 500 was up 9.90, or 0.50%, to 1,983.53.
News For HLF;CMG;CROX;HOG;NFLX;MCD;KO;VZ;DD;UTX;TRV From The Last 14 Days
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October 9, 2014
10:00 EDTDDOn The Fly: Analyst Initiation Summary
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09:38 EDTNFLXActive equity options trading on open
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09:33 EDTVZGE, Verizon announce alliance
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07:20 EDTDDArchitectural Record to hold a conference
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October 8, 2014
16:29 EDTDDU.S. Chemicals sector initiated with an Overweight at RBC Capital
RBC Capital started the U.S. Chemicals sector with an Overweight rating citing the growth of shale gas. The firm lists ethylene stocks LyondellBasell (LYB), Westlake Chemical (WLK) and Dow Chemical (DOW) its top picks in the space. RBC views coatings stocks as good ways to play the pending recovery in construction, and has Outperform ratings on Sherwin-Williams (SHW) and PPG Industries (PPG). RBC put its only Underperform rating in the sector on Axiall (AXLL), citing the company's short ethylene position and leverage to single-family housing.
16:26 EDTNFLXOn The Fly: Closing Wrap
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16:20 EDTDDDuPont initiated with a Sector Perform at RBC Capital
Target $71.
16:01 EDTNFLXOptions Update; October 8, 2014
iPath S&P 500 VIX Short-Term Futures down 2.73 to 29.51. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX PBR AA CLF GILD according to Track Data.
15:43 EDTNFLXNetflix October weekly volatility low at 21
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09:48 EDTNFLXGoogle says new movies can be pre-ordered, watched on first day of availibility
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09:38 EDTNFLX, VZActive equity options trading on open
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09:02 EDTNFLXNetflix November volatility increases into Q3 and outlook
Netflix October call option implied volatility is at 58, November is at 40, December is at 33, January is at 31, March is at 32; compared to its 26-week average of 35, suggesting large near term price movement into the expected release of Q3 results on October 15.
07:28 EDTMCDMcDonald's brand solid but execution issues remain, says UBS
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October 7, 2014
16:00 EDTVZ, NFLXOptions Update; October 7, 2014
iPath S&P 500 VIX Short-Term Futures up 2.16 to 32.24 Option volume leaders: AAPL TSLA TWTR AMZN FB VZ AA HTZ NFLX PBR according to Track Data.
14:39 EDTHLFFTC probe of Herbalife seen lasting 'well into' next year, NY Post reporter says
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14:19 EDTHLFHerbalife expects discipline, but not shutdown, following FTC probe, FBN says
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13:59 EDTHLFHerbalife expects some discipline, not shutdown, from FTC, Gasparino says
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09:36 EDTNFLXActive equity options trading on open
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06:19 EDTMCDMcDonald's Japan now sees FY loss of Y17B
McDonald's Japan is forecasting a loss for the full year of Y17B vs. its previous guidance for a Y6B profit, the Financial Times reports. The company, which is 50% owned by McDonald's, sees food supplier problems impacting sales by Y45B.
06:13 EDTHLFHerbalife names ex-FTC commissioner to lead compliance group
Herbalife yesterday announced the appointment of Pamela Jones Harbour to the newly created role of SVP, global member compliance and privacy, reporting to Mark Friedman, EVP and general counsel. Harbour will develop and enhance policies and infrastructure that ensure effective education, training and mentoring programs for the nearly 4 million independent Herbalife members worldwide, underpinned by robust and consistent monitoring and enforcement procedures. In addition to her compliance responsibilities, Harbour will also coordinate the company’s global privacy and cyber security efforts. Harbour served as a Commissioner at the Federal Trade Commission from 2003-2010 and a prosecutor at the New York State Attorney General’s office for 12 years.
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