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Stock Market & Financial Investment News

News Breaks
July 22, 2014
11:07 EDTPSEC, JOY, NI, HLFOptions with increasing implied volatility: HLF JOY PSEC NI
News For HLF;JOY;PSEC;NI From The Last 14 Days
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December 17, 2014
10:42 EDTHLFAckman says Herbalife Q4 results will be worse than Q3
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10:41 EDTHLFAckman says Herbalife business deteriorating
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10:19 EDTHLFHerbalife January and February volatility elevated, shares near 18-month low
Herbalife December call option implied volatility is at 54, January is at 71, February is at 86; compared to its 26-week average of 61 according to Track Data, suggesting large near term price movement.
09:22 EDTJOYOn The Fly: Pre-market Movers
HIGHER: Auspex Pharmaceuticals (ASPX), up 83.1% after Phase 3 trial of SD-809 met primary efficacy endpoint... Volcano (VOLC), up 55.3% after Philips (PHG) announced it will acquire the company for $18.00 per share... Paramount Gold and Silver (PZG), up 35.9% after announcing a merger agreement with Coeur Mining... Cerus (CERS), up 17.8% after FDA approves Intercept Blood System... American Apparel (APP), up 15.5% after terminating Dov Charney for cause... TASER (TASR), up 6.1% after LAPD purchases 860 AXON body-worn video cameras... Idera Pharmaceuticals (IDRA), up 5.9% after being called a top 2015 small cap pick at Piper Jaffray... Kandi Technologies (KNDI), up 7.5% after selling 1,000 electric vehicles to Chengdu City... Stillwater Mining (SWC), up 2.7% after being upgraded to Buy from Neutral at Goldman. DOWN AFTER EARNINGS: FedEx (FDX), down 3.5%... Joy Global (JOY), down 1.7%. ALSO LOWER: POZEN (POZN), down 13.1% after receiving a second complete response letter from the FDA for Yosprala... Cliffs Natural (CLF), down 13.1% after price target cut to $1 from $10 at Credit Suisse... Coeur Mining (CDE), down 2.8% following merger agreement with Paramount Gold and Silver.
06:11 EDTJOYJoy Global reports Q4 continuing operations EPS $1.38 vs. 25c last year
Reports Q4 backlog $1.3B.
06:07 EDTJOYJoy Global sees FY15 EPS ex-items $3.10-$3.50, consensus $3.57
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06:04 EDTJOYJoy Global reports Q4 adjusted EPS $1.25, consensus $1.15
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December 16, 2014
15:42 EDTJOYNotable companies reporting before tomorrow's open
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15:28 EDTJOYJoy Global December 46 straddle priced for 5.8% movement into Q4
15:27 EDTJOYJoy Global technical comments ahead of results
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11:09 EDTJOYJoy Global December volatility increases into Q4 and outlook
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06:03 EDTHLFHerbalife insider trading case dismissed by SEC, NY Post reports
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December 15, 2014
10:25 EDTPSECProspect Capital to host business news update conference call
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December 11, 2014
12:17 EDTJOYJoy Global volatility elevated into Q4 and outlook
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09:35 EDTHLFHerbalife says product claims have 'strict rules and guidelines'
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09:34 EDTHLFVideo entitled 'Harmful Promises' posted to Ackman's Herbalife website
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December 9, 2014
10:27 EDTPSECOptions with increasing implied volatility
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December 8, 2014
10:42 EDTPSECOptions with increasing implied volatility
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09:20 EDTPSECOn The Fly: Pre-market Movers
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08:43 EDTPSECProspect Capital suspends ATM equitiy issuance, reduces dividends
Prospect Capital announced that, in light of current share price levels, Prospect has suspended at-the-market equity issuances for the indefinite future. Prospect will continue to take a disciplined approach to any future potential equity issuance, the company said. As of September 30, Prospect's asset concentration in the energy industry stood at 5.1%, including Prospect's first lien senior secured loans where third parties bear first loss capital risk. As of December 31, 2013, Prospect's loan non-accrual rate stood at 0.32%, weighted average portfolio net leverage stood at 4.49 times earnings before interest, taxes, depreciation, and amortization and trailing twelve month first lien origination mix stood at 58.3%. Prospect announced it has declared reduced monthly cash dividends to shareholders in the following amounts and with the following record and payment dates: 8.333c per share for February 2015, with a record date of February 27, 2015 and payment date of March 19, 2015; 8.333c per share for March 2015, with a record date of March 31, 2015 and payment date of April 23, 2015; and 8.333c per share for April 2015, with a record date of April 30, 2015 and payment date of May 21, 2015. "As our updated credit statistics show, we have elected in the past year to take on less risk and focus on higher earnings quality by increasing our percentage of first lien loans and accepting lower interest rates in this yield compressed environment. We have not chased higher yields that we believe do not compensate for risk. While we have more than covered our prior dividends out of taxable earnings, we are reducing the next three declared dividends from past levels because we believe we should pay a dividend that is no more than our minimum expected net investment income, based on our expectations over the next twelve months," said John Barry III, Chairman and CEO of Prospect.
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