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Stock Market & Financial Investment News

News Breaks
November 20, 2012
16:24 EDTHTWR, CLF, BBY, KKD, HPQOn The Fly: Closing Wrap
Stocks on Wall Street were mixed after pre-open news of a $8.8B write-down at Hewlett-Packard (HPQ) and midday comments from Federal Reserve Chairman Ben Bernanke dented the averages. Better than expected housing data provided a counter point to Bernanke's warnings about the potential impact of the fiscal cliff and a late day recovery brought the indices back to being nearly unchanged on the day... ECONOMIC EVENTS: In the U.S., housing starts increased 3.6% in October from the prior month, to an annual rate of 894K, versus expectations for a decline of 3.7%. Building permits declined 2.7%, to an 866K annual rate, versus expectations for a decline of 2.9%. In Europe, Moody's downgraded France's government bond rating to Aa1 from Aaa... COMPANY NEWS: Hewlett-Packard shares plunged $1.59, or 11.95%, to $11.71, closing near 10-year lows after the company disclosed "serious accounting improprieties, disclosure failures and outright misrepresentations” related to its purchase of U.K. software company Autonomy. In addition to the scandal, H-P's quarterly earnings beat expectations but its view for profit next quarter trailed Street estimates... MAJOR MOVERS: Among the notable gainers was Krispy Kreme Doughnuts (KKD), up $1.77, or 23.47%, to $9.31 after the company's Q3 earnings beat consensus estimates and Wedbush raised their price target on the shares to $11 from $9. Also higher were shares of HeartWare (HTWR), which rose $7.53, or 9.18%, to $89.54 after the company received FDA approval for a heart failure pump. Among the noteworthy losers was Best Buy (BBY), which slid $1.79, or 13.02%, to $11.96 after its earnings fell short of lowered expectations and its same store sales declined 4.3%. Also lower were shares of Cliffs Natural Resources (CLF), down $4.19, or 12.07%, to $30.48 following a downgrade to Sell from Neutral at Goldman... INDICES: The Dow was down 7.45, or 0.06%, to 12,788.51; the Nasdaq was up 0.61, or 0.02%, to 2,916.68; and the S&P 500 was up 0.93, or 0.07%, to 1,387.82.
News For HPQ;KKD;HTWR;BBY;CLF From The Last 14 Days
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April 28, 2015
16:33 EDTCLFCliffs Natural cuts FY15 capex view to $100M-$125M
Cliffs is lowering its FY15 capital expenditures budget to a range of $100M-$125M, from its previous expectation of $125M-$150M. This reduction reflects a continued focus on reducing expenditures. The spending range includes outflows related to North American Coal and assumes no additional asset divestitures.
16:32 EDTCLFCliffs Natural lowers FY15 sales and production volume view to 20.5M tons
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16:31 EDTCLFCliffs Natural reports Q1 adjusted EPS 2c, consensus (19c)
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15:06 EDTCLFNotable companies reporting after market close
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10:49 EDTCLFCliffs Natural announces increase in sales price for Chromite assets
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April 27, 2015
20:03 EDTBBYBest Buy's use of Apple Pay raises questions about Wal-Mart's MCX, Re/code says
Best Buy (BBY) announced it will accept Apple (AAPL) Pay in its stores later in the year, reports Re/code, citing company statements. Re/code notes that the move raises questions about Best Buy's previously announced partnership with rival payment consortium MCX, spearheaded by Wal-Mart (WMT). A Best Buy spokesperson said it is "too early to declare" whether the company will use MCX's platform at launch, while multiple sources claimed the delay in implementing Apple Pay is partly due to exclusivity agreements with MCX. Reference Link
11:21 EDTHPQOpco defends 3D Systems, while UBS, Piper Jaffray say sell
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07:13 EDTHPQUBM Tech to hold a conference
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April 24, 2015
18:23 EDTHPQHP awarded $469M government contract
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10:00 EDTBBYOn The Fly: Analyst Downgrade Summary
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06:20 EDTBBYBest Buy downgraded to Neutral from Overweight at JPMorgan
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April 23, 2015
11:31 EDTBBY, HPQOptions with increasing implied volatility
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April 22, 2015
13:39 EDTHPQAnalyst warns competition growing in 3D printing space
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11:08 EDTHPQ, BBYOptions with increasing implied volatility
Options with increasing implied volatility: CZR FMSA PSEC CSX AEO CRM BBY SPLS HPQ DTV
April 21, 2015
17:51 EDTCLFCommunications Sales & Leasing to replace Cliffs Natural in S&P 400 as of 4/24
Communications Sales & Leasing (CSALV) will replace Cliffs Natural Resources (CLF) in the S&P MidCap 400 after the close of trading on Friday, April 24. S&P MidCap 400 constituent Windstream Holdings (WIN) is spinning off Communications Sales & Leasing in a transaction expected to be completed on or about that date pending final conditions. Windstream will remain in the S&P MidCap 400 following the spin-off transaction. Cliff Natural Resources has a market capitalization below $800M and is no longer representative of the mid-cap market space.
17:30 EDTCLFCommunications Sales & Leasing to replace Cliffs Natural in S&P 400 as of 4/24
11:16 EDTHPQOptions with increasing implied volatility
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09:37 EDTHPQHP sells Snapfish to District Photo ahead of seperation
HP announced a definitive agreement to divest Snapfish, its photo storage and merchandising business. District Photo will acquire the Snapfish business, including technology assets and employees. After the transaction closes, HP will maintain a partnership with Snapfish. Snapfish will continue to use HP printing solutions, and HP will provide the HP Connected Photo application developed by Snapfish on HP consumer PCs, including the Sprout computing platform, the company said. HP expects the transaction to close in the second half of FY15. Financial terms of the deal were not disclosed. It added, "The divestiture is consistent with HP’s strategy to focus the organization following HP’s previously announced separation."
08:04 EDTHPQHP, FireEye announce partnership
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05:56 EDTHPQStocks with implied volatility movement; CNX HPQ
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