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Stock Market & Financial Investment News

News Breaks
February 14, 2013
12:25 EDTCSCO, AAMRQ, STZ, ULTA, VCLK, PEP, LCC, BRK.A, WTW, ANGI, GM, BUD, HNZ, WFM, ZOn The Fly: Midday Wrap
Stocks on Wall Street were little changed at midday in spite of fewer than expected weekly jobless claims and a flurry of mergers and acquisitions announcements. The domestic news was offset by worse than expected economic growth data from Europe and Japan, leaving the major averages mixed near noon... ECONOMIC EVENTS: In the U.S., weekly jobless claims fell 27K from the prior week to 341K, versus expectations for 360K claims. In Europe, the euro zone's 0.6% contraction in gross domestic product in the fourth quarter was the steepest for the bloc since early 2009. The zone's two biggest economies shrank more than expected, as Germany's economy contracted 0.6% and France's shrunk 0.3%. In Asia, Japanís real gross domestic product contracted for the third straight quarter, shrinking 0.1% in the final three months of last year... COMPANY NEWS: M&A news stole the headlines, as household names Heinz (HNZ), US Airways (LCC), American Airlines (AAMRQ) and Anheuser-Busch (BUD) were all involved in high-profile deals. Warren Buffet's Berkshire Hathaway (BRK.A), along with partner 3G Capital, agreed to buy H.J. Heinz for $72.50 in cash per share, sending the stock of the ketchup maker up 20%. Constellation Brands (STZ) soared more than 35% after the terms of its deal with AB InBev were revised, granting Constellation perpetual rights to distribute Corona and other Modelo brands in the U.S. AB InBev shares also gained over 4% following the modification, which the company hopes will end its fight with the DOJ over its intention to acquire Grupo Modelo. US Airways shares fell 7% after it agreed to merge with bankrupt AMR Corp, the parent of American Airlines, in a deal that will create the world's biggest air carrier... Almost overshadowed among the M&A news were earnings reports from giants General Motors (GM), PepsiCo (PEP) and Dow component Cisco (CSCO). Of the three, only Pepsi traded higher following its results and outlook... MAJOR MOVERS: Among the notable gainers following their earnings reports were Angie's List (ANGI), up 24%, ValueClick (VCLK), up 16%, and Zillow (Z), up 12%. Among the noteworthy losers after their quarterly reports were Weight Watchers (WTW), down 16%, Ulta Salon (ULTA), down 12%, and Whole Foods Market (WFM), down over 9%... INDICES: Near noon, the Dow was down 9.40, or 0.07%, to 13,973.51; the Nasdaq was up 0.31, or 0.01%, to 3,197.19; and the S&P 500 was up 0.14, or 0.01%, to 1,520.47.
News For A;STZ;BUD;LCC;AAMRQ;GM;PEP;CSCO;ANGI;VCLK;Z;WTW;ULTA;WFM From The Last 14 Days
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November 12, 2014
15:08 EDTCSCOEarnings Preview: Cisco reports amid analyst debate on break-up potential
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13:07 EDTCSCOPacific Crest remains cautious on Cisco
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11:55 EDTCSCOCisco November weekly 25 straddle priced for 4.4% move into Q1
11:51 EDTCSCOCisco technical comments before earnings
The stock has underperformed the broader averages in the past three months, falling over 1%. That lower performance would have been far worse if not for the recent uptrend off the mid-October lows. That rally helped to overcome the otherwise bearish head and shoulders that had developed on the daily chart and had completed at mid-October. In a long view, the current price action appears to put the shares either at a double top, or poised for a breakout that would results in four-year highs or more. The key level is at $26, not far from where the stock is currently trading. On better news or guidance, a move above $26 would seem highly probable and that would constitute a technical bullish breakout. Next resistance would be at $27.74 and then at $28.40. If the news is not as bullish as current price action suggests, the recent uptrend would probably be broken. It would only take a move below $24.50 for that to happen. Additional downside objectives might be at the following supports at $23.76, $22.43 and $21.94. A move down to or below $22 would confirm a major top was in place, which would have long-term bearish implications for price.
10:13 EDTCSCOEZchip expects revenue from Cisco to grow YoY in 2014
Comments taken from Q3 earnings conference call.
09:58 EDTCSCOCisco November volatility increases into Q1 and outlook
Cisco November weekly call option implied volatility is at 77, November is at 34, December is at 23, January is at 19, February is at 20; compared to its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q1 results after the market close on November 12.
08:42 EDTGMGeneral Motors' Ammann leading push for change, WSJ says
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08:06 EDTZPacific Crest to hold a conference
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November 11, 2014
17:17 EDTGMGM scales back workers, production at small car plant, WSJ says
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11:33 EDTBUDSABMiller may look for takeover, expansion stable of beers, WSJ says
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10:01 EDTCSCOInteractive Intelligence hires Jeff Platon as Chief Marketing Officer
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09:37 EDTWFMActive equity options trading
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November 10, 2014
15:29 EDTCSCOCisco November volatility increases into Q1 and outlook
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11:35 EDTWFMStocks with call strike movement; WFM KORS
Whole Foods (WFM) February 52.5 call option implied volatility increased 2% to 28, Michael Kors (KORS) May 85 call option implied volatility decreased 2% to 31 according to IVolatility.
08:22 EDTCSCONetwork equipment makers slip after AT&T projects lower 2015 capital spending
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07:34 EDTWFMApple Pay seen making up 1% of Whole Foods transactions since launch, Dudas says
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07:23 EDTANGIRBC Capital to hold a conference
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07:12 EDTCSCOCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
06:41 EDTGMGM ordered new switches months before recall, WSJ reports
Half a million replacement ignition switches were ordered by General Motors (GM) almost two months before it alerted federal safety regulators of the issues that led to a recall of millions of vehicles, the Wall Street Journal reports, citing email exchanges between the automaker and Delphi Automotive (DLPH). The email exchanges, which took place in mid-December 2013 between a GM contract worker and Delphi, indicate GM placed an "urgent" order for 500,000 replacement switches on December 18, a day after a meeting of senior executives. Reference Link
05:54 EDTWFMStocks with implied volatility movement; WFM AEO
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