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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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December 9, 2014
10:28 EDTLULUlululemon trades up in down tape, levels to watch
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10:23 EDTLULUOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Outperform from Perform at Oppenheimer... Concho Resources (CXO) upgraded to Outperform from Neutral at Macquarie... Hanmi Financial (HAFC) upgraded to Outperform from Market Perform at FBR Capital... LHC Group (LHCG) upgraded to Outperform from Underperform at Credit Suisse... Lincoln Electric (LECO) upgraded to Buy from Neutral at Longbow... Northeast Utilities (NU) upgraded to Outperform from Neutral at Macquarie... SM Energy (SM) upgraded to Outperform from Neutral at Macquarie... Volcano (VOLC) upgraded at Needham... Wells Fargo sees fewer distractions for lululemon (LULU), upgrades shares... Xcel Energy (XEL) upgraded to Outperform from Neutral at Macquarie... lululemon (LULU) upgraded to Outperform from Market Perform at Wells Fargo.
09:52 EDTDALDelta Air Lines to host investor day
Investor Day to be held on December 11 at 8:30 am. Webcast Link
09:38 EDTTWTRActive equity options trading
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07:44 EDTLULULululemon Athletica volatility elevated into Q3 and outlook
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07:30 EDTLULUWells Fargo sees fewer distractions for lululemon, upgrades shares
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07:09 EDTLULUlululemon's Q3 results could mark an inflection point, says Barclays
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05:41 EDTLULUlululemon upgraded to Outperform from Market Perform at Wells Fargo
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December 8, 2014
14:24 EDTTWTRRumor: Twitter moves off lows amid speculation Apple may take a stake
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13:38 EDTTWTRTwitter breaks to lows of the day, levels to watch
The shares are down over 6.7% to $35.89 at time of writing. Resistance is now at former support at $36.38. Support is now at $35.06.
11:21 EDTTWTRTwitter volatility low as shares pullback to four-month low
Twitter December weekly call option implied volatility is at 51, December is at 46, January at 43; compared to its 26-week average of 54 according to Track Data, suggesting decreasing price movement
10:16 EDTTWTRTwitter falls to session lows, levels to watch
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10:00 EDTLUVOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Buy from Neutral at Citigroup... Apache (APA) upgraded to Buy from Neutral at Citigroup... Applied Materials (AMAT) upgraded to Buy from Hold at Deutsche Bank... Arch Capital (ACGL) upgraded to Outperform from Market Perform at BMO Capital... CU Bancorp (CUNB) upgraded to Buy from Hold at Sandler O'Neill... Calpine (CPN) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Market Perform from Underperform at Keefe Bruyette... EastGroup Properties (EGP) upgraded to Neutral from Underperform at Credit Suisse... Enbridge Energy Management (EEQ) upgraded to Equal Weight at Morgan Stanley... Enbridge Energy (EEP) upgraded to Equal Weight from Underweight at Morgan Stanley... GasLog (GLOG) upgraded to Buy from Hold at Stifel... Hoegh LNG (HMLP) upgraded to Buy from Neutral at UBS... Illinois Tool Works (ITW) upgraded to Buy from Accumulate at Global Hunter... LaSalle Hotel (LHO) upgraded at Morgan Stanley... Lufthansa (DLAKY) upgraded to Buy from Neutral at Nomura... NASDAQ (NDAQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Citigroup... Omega Healthcare (OHI) upgraded to Buy from Hold at Jefferies... Orange SA (ORAN) upgraded to Conviction Buy from Neutral at Goldman... SM Energy (SM) upgraded to Outperform from Market Perform at BMO Capital... Southwest (LUV) upgraded at Goldman... TSMC (TSM) upgraded to Buy from Neutral at BofA/Merrill... United Technologies (UTX) upgraded at Bernstein... eBay (EBAY) upgraded to Buy from Hold at Stifel.
08:47 EDTLUVSouthwest reports November 8.6B revenue passenger miles
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07:28 EDTHPQFBN Securities to hold a bus tour
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06:27 EDTLUVSouthwest upgraded at Goldman
As previously reported, Goldman upgraded Southwest to Buy from Neutral. The firm believes shares can continue to move higher on the strong operating environment and improving net margins. Price target raised to $55 from $44.
06:12 EDTLULUStocks with implied volatility above IV index mean; LULU ACHN
Stocks with implied volatility above IV index mean; lululemon (LULU) 53, Achillion (ACHN) 216 according to iVolatility.
06:00 EDTTWTRTwitter's former head of product leaving company, Re/code reports
Daniel Graf, who was replaced by Kevin Weil as head of product last month, is leaving the company, Re/code reports. Reference Link
05:44 EDTLUVSouthwest upgraded to Buy from Neutral at Goldman
December 7, 2014
15:53 EDTHPQHP shares could gain 15%, Barron's says
HP shares could gain 15% to $45.00 per share as the company splits its enterprise business from PCs and printer business, by next October, Barron's argues in a follow up article. Reference Link
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