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Stock Market & Financial Investment News

News Breaks
June 12, 2014
16:24 EDTRH, INTC, LUV, LULU, HPQ, DAL, TWTROn The Fly: Closing Wrap
Stocks on Wall Street were lower after retail sales rose less than expected, first-time unemployment claims increased, and oil prices continued their move higher as Islamic militants threaten to take over more Iraqi cities, including the capital. The major averages opened just slightly below the flat line and that was about as close to positive territory as they would get for the session. The commodity sector, which is often a safe haven for money during times of geopolitical turmoil, had its biggest rally in more than three months. In contrast, the equity market continued its losing streak. ECONOMIC EVENTS: In the U.S., retail sales rose only 0.3% in May, and were up 0.1% excluding autos, as both growth figures missed the consensus forecast. Initial jobless claims rose to 317K in the week ended June 7, which was above the expectation for 310K new claims. Import and export prices both rose 0.1% in May. Business inventories rose 0.6% in April, with sales up 0.7%. COMPANY NEWS: Twitter (TWTR) confirmed a report from Re/code that Ali Rowghani has resigned from his position as Chief Operating Officer. Rowghani will continue to be an employee and act as a strategic advisor to the CEO and the company does not intend to hire a replacement for the COO role, Twitter stated. Shares of the social network operator advanced $1.25, or 3.52%, to $36.79 after the management shake-up. MAJOR MOVERS: Among the notable gainers was home furnishings retailer Restoration Hardware (RH), which advanced $9.05, or 12.68%, to $80.40 after the company's first quarter quarter results topped analysts' consensus estimates and it raised its fiscal 2014 outlook. Also higher was Hewlett-Packard (HPQ), which rose 14c, or 0.42%, to $33.39 after Goldman Sachs changed its view on its negative thesis on the stock and upgraded the shares to Neutral from Sell. In after-hours trading, however, HP was up nearly another 1% after chipmaker Intel (INTC) raised its Q2 revenue view, citing stronger than expected demand for business PCs. Shares of Intel, meanwhile, were up more than 4% in after-hours trade following the increased outlook. Among the noteworthy losers was yoga wear maker lululemon (LULU), which fell $7.05, or 15.91%, to $37.25 and was downgraded at both William Blair and Stifel after the company reported Q1 results, lowered its FY14 guidance and announced the retirement of CFO John Currie. Also lower amid the recent spike in oil prices were a number of airline stocks, including Delta Air Lines (DAL), which slid $2.21, or 5.43%, to $38.50, and Southwest (LUV), which dropped $1.22, or 4.53%, to $25.72. INDEXES: The Dow was down 109.69, or 0.65%, to 16,734.19, the Nasdaq was down 34.30, or 0.79%, to 4,297.63, and the S&P 500 was down 13.78, or 0.71%, to 1,930.11.
News For HPQ;INTC;TWTR;LULU;RH;DAL;LUV From The Last 14 Days
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November 11, 2014
11:45 EDTDALStocks with call strike movement; ESV DAL
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11:29 EDTTWTRTwitter weekly volatility elevated into Financial Analyst Day
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11:09 EDTTWTRTwitter to hold financial analyst day
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09:37 EDTTWTRActive equity options trading
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07:50 EDTLUVSouthwest price target raised to $44 from $38 at UBS
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06:29 EDTLUVSouthwest expects to raise capacity by 6% in 2015, WSJ reports
Southwest expects to boost its capacity by 6% in 2015 due growth mostly from adding more seats to its planes and flying longer distances, reports the Wall Street Journal. Of the growth, nearly 3% will come from increased from in and out of Love Field in Dallas and another 2% of next year's growth will come mostly from expanded flights from Washington's Reagan National Airport. Reference Link
06:03 EDTHPQQ4 global tablet shipments estimated at 74.5M units, DigiTimes reports
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November 10, 2014
18:15 EDTTWTRTwitter CEO, others sell $10.58M shared in planned sale, Barron's says
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16:00 EDTTWTROptions Update; November 10, 2014
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14:01 EDTLUVSouthwest announces plans to serve fourth destination in Mexico
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09:46 EDTLULUBB&T remains positive on lululemon following channel checks
BB&T said it remains positive on lululemon following recent channel checks. The firm continues to expect lululemon's results to improve as the company improved product assortment and laps 2013 PR stumbles. BB&T views the hire of Duke Stump as EVP of Community and Brand as a a positive and views the controversy over the donation to the Dalai Lama Center as overblown. Shares are Buy rated with a $50 price target.
08:46 EDTLUVSouthwest reports October RPMs up 4.4% to 9B
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07:22 EDTLULUU.S. Retail Softlines sector downgraded to Negative at Barclays
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07:12 EDTTWTRCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
05:48 EDTLULUU.S. Retail Softlines industry cut to Negative at Barclays
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November 7, 2014
10:00 EDTLULUOn The Fly: Analyst Initiation Summary
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08:49 EDTLUVSouthwest to host investor day
Investor Day to be held on November 10 at 1:30 pm. Webcast Link
06:52 EDTLULUlululemon initiated with a Market Perform at FBR Capital
Target $40.
06:21 EDTTWTRTwitter CEO sending 'mixed messages' to investors, WSJ reports
A year after its IPO, Twitter CEO Dick Costolo has confused investors with mixed messages as well as several executive changes. The Wall Street Journal says that Costolo is popular with employees, but according to research firm Morningstar, some big investors are frustrated and have sold out of their stock or cut their positions over the past several quarters. Reference Link
06:18 EDTTWTRTwitter to open Hong Kong office early next year, WSJ reports
In a move to serve greater China, Twitter will open an office in Hong Kong in 1Q15, the Wall Street Journal reports. The office will mainly house sales staff, Shailesh Rao, Twitter’s VP for Asia Pacific, the Americas and emerging markets, says. Twitter has been blocked in China since 2009 over concerns by the government it could be used to organize protests. Reference Link
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