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Stock Market & Financial Investment News

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July 22, 2014
16:36 EDTDD, MCD, CROX, TRV, VZ, NFLX, CMG, UTX, KO, HOG, HLFOn 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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November 11, 2014
09:31 EDTUTXShejiang Loong Airlines selects Pratt & Whitney AeroPower foor Airbus A320
Pratt & Whitney AeroPower has signed a long-term auxiliary power unit maintenance support agreement with Zhejiang Loong Airlines for its new fleet of 30 Airbus A320 family aircraft, including nine A320neos. The agreement also covers repair and spares support services. First aircraft deliveries are scheduled to begin in 2015. Pratt & Whitney is a United Technologies company.
08:04 EDTUTXUTC Aerospace Systems selected by China Airlines
UTC Aerospace Systems has been selected by China Airlines to supply the wheels and carbon brakes for its fleet of 14 Airbus A350-900 aircraft. The company will provide the equipment through its Landing Systems facility in Troy, Ohio. China Airlines will take delivery of their first A350-900 aircraft in 2016. UTC Aerospace Systems is a unit of United Technologies.
05:56 EDTMCDMcDonald's recalls Hello Kitty themed whistles due to choking hazards
McDonald's is recalling about 2.3M “Hello Kitty Birthday Lollipop” Whistles in the U.S. and about 200,000 in Canada. The CPSC says components inside of the whistle can detach, posing choking and aspiration hazards to young children. McDonald’s has received two reports of children who coughed out pieces of the whistle that they had sucked into their mouths, including one child who received medical attention. Reference Link
05:51 EDTHLFStocks with implied volatility movement; HLF CMCSA
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November 10, 2014
16:44 EDTVZ, NFLXOn The Fly: Closing Wrap
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15:51 EDTDDMorgan Stanley to hold a conference
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14:09 EDTNFLX, VZBoehner strongly opposes net neutrality
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13:26 EDTVZ, NFLXCable providers fall after Obama weighs in on net neutrality
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12:24 EDTNFLX, VZOn The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday. The averages opened mixed, but very close to the flat line, and have continued to drift slowly higher from that point. There is little to stand in the way of the market’s drift, as the economic calendar is quiet, the earnings season is winding down, and the most closely watched geopolitical situations are currently status quo. ECONOMIC EVENTS: In the U.S., little of note was on the economic calendar. The Federal Reserve's newly introduced Labor Market Conditions Index was flat at 4 in October. The Fed started updating estimates of the LMCI every month beginning with last month. COMPANY NEWS: Shares of Netflix (NFLX) advanced about 1% after xxx President Barack Obama publicly urged the Federal Communications Commission to implement the "strongest possible rules" to protect net neutrality. In response, Verizon (VZ) said it supports the open Internet and continues to believe that the "light-touch regulatory approach in place for the past two decades has been central to the Internet’s success," adding that it believes the reclassification Obama called for would "apply 1930s-era utility regulation to the Internet" and be a "radical reversal of course" that would threaten great harm to an open Internet, competition and innovation." A number of Internet Service Providers, including Comcast (CMCSA), Time Warner Cable (TWC), Charter (CHTR) and Cablevision (CVC), moved lower after Obama weighed in on the hot-button issue. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 22% after the company presented data from the ongoing Phase 2 study of its Hepatitis C virus treatment at the Annual Meeting of the American Association for the Study of Liver Diseases, or AASLD. Also higher was Dean Foods (DF), which rose more than 13% after the dairy products distributor’s third quarter results, as well as its fourth quarter and full year profit outlook, surpassed analysts’ consensus estimates. Among the noteworthy losers was Rayonier (RYN), which dropped 13% after management determined that there was a material weakness in the company's internal controls, restated certain previously made financial statements, and cut its dividend reflecting expectations of reduced cash available for distribution due to lower expected annual harvest levels. INDEXES: Near midday, the Dow was up 18.55, or 0.11%, to 17,592.48, the Nasdaq was up 10.77, or 0.23%, to 4,643.30, and the S&P 500 was up 4.01, or 0.2%, to 2,035.93.
12:07 EDTDDUSDA lowers corn production forecast by 68M bushels
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10:06 EDTVZVerizon says utility Internet regulation would 'threaten great harm'
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09:45 EDTNFLX, VZObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:43 EDTNFLX, VZObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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08:00 EDTMCDMcDonald's reports October APMEA comparable sales down 4.2%
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07:59 EDTMCDMcDonald's reports October Europe comparable sales down 0.7%
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07:59 EDTMCDMcDonald's reports October US comparable sales down 1%
The company said, "To restore business momentum, the U.S. is revamping its marketing approach, simplifying the menu and creating a new organizational structure. These initiatives are designed to better address consumer preferences and the competitive dynamics of the local markets in which we compete by bringing decision making closer to our customers."
07:58 EDTMCDMcDonald's reports October global comparable sales down 0.5%
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07:23 EDTNFLXRBC Capital to hold a conference
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07:11 EDTVZOpen Mobile Media to hold a summit
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05:58 EDTNFLXStocks with implied volatility below IV index mean; CHK NFLX
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