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Stock Market & Financial Investment News

News Breaks
December 10, 2012
12:20 EDTDECK, IN, HPQ, ZGNX, UNXL, HON, MCDOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as some encouraging data from China offset increased worries about Europe fueled by the surprise resignation announcement from Italy's prime minister. Stocks opened quietly amid the international news. No movement was reported on the fiscal cliff negotiations, though the President and House Speaker John Boehner did meet yesterday, and investors may continue to stay on the sidelines until more clarity on that front emerges... ECONOMIC EVENTS: In the U.S., no major economic data was reported. In Europe, Italy's benchmark bond yields spiked and its stock market fell sharply after Prime Minister Mario Monti's surprise announcement of his intention to resign, which will likely prompt early elections. In China, industrial output had its best growth rate since March, rising 10.1% in November from a year ago. However, exports slowed sharply last month, rising 2.9% year over year after growing at an 11.6% pace in October. Import growth was unchanged from a year earlier, growing 2.4%... COMPANY NEWS: On the Dow, McDonald's (MCD) reported its global same-store sales rose 2.4% in November, driven mainly by strong results in the U.S. Shares rose about 1.3%, but could not catch up to Dow pacesetter Hewlett-Packard (HPQ), which jumped over 3.5% following speculation that activist investor Carl Icahn is building a stake, though CNBC's David Faber disputed those rumors... MAJOR MOVERS: Among the notable gainers was Uni-Pixel (UNXL), up 37% after rising over 18% Friday. The company said Friday it reached a deal for its technology to be used by "a large PC manufacturer" and this morning Craig-Hallum raised its price target on shares to $22 from $13. Also higher were shares of Intermec (IN), up 23% after agreeing to be acquired by Honeywell (HON) for $10.00 per share in cash. Among the noteworthy losers was Zogenix (ZGNX), down over 46% after an FDA advisory panel voted against recommending approval for its Zohydro ER pain drug. Also lower were shares of Deckers Outdoor (DECK), down more than 5% following cautious comments from Piper Jaffray regarding evidence of higher markdowns of UGG boots... INDICES: Near noon, the Dow was up 33.99, or 0.26%, to 13,189.12; the Nasdaq was up 13.46, or 0.45%, to 2,991.50; and the S&P 500 was up 2.81, or 0.20%, to 1,420.88.
News For HPQ;MCD;UNXL;IN;HON;ZGNX;DECK From The Last 14 Days
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April 10, 2014
06:56 EDTHPQHP estimates raised above consensus at Morgan Stanley
Morgan Stanley raised Overweight rated HP FY15-16 estimates above consensus to reflect a margin recovery in Enterprise Services. The firm's FY15 EPS estimate goes to $4.05 vs. consensus of $3.84 and price target is raised to $36 from $34.
06:55 EDTHPQHP initiated with a Buy at Deutsche Bank
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06:23 EDTHPQIDC says worldwide PC shipments totaled 73.4M units in Q1, down 4.4% y/y
Worldwide PC shipments totaled 73.4 million units in 1Q14, a decline of -4.4% year on year, according to the International Data Corporation Worldwide Quarterly PC Tracker. Although still in decline and with continuing weakness in consumer and emerging market segments, the preliminary results are slightly better than a projected decline of -5.3%. The U.S. market continued to stabilize with growth near zero in line with forecasts. With shipments totaling 14.3 million PCs in 1Q14, the U.S. market contracted by -0.6% from the same quarter a year ago. Desktop shipments were slightly stronger, posting 3.5% growth, while portables remained in negative territory. Lenovo (LNVGY) preserved its lead in total worldwide PC shipments despite a seasonal drop due to the Chinese New Year. Growth in other regions continued at a solid pace although Latin America slowed after a dramatic expansion over the past year. HP (HPQ) remained in the number 2 position, with growth rising nicely to nearly 5% year on year. Dell grew over 9% in the first quarter.
06:12 EDTDECKDeckers Outdoor initiated with a Buy at Buckingham
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April 9, 2014
17:26 EDTHPQGartner says worldwide PC shipments in Q1 fell 1.7%
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12:20 EDTHPQHP announces $108M settlement with DOJ and SEC
HP announced a resolution of a U.S. Department of Justice and U.S. SEC investigation of potential violations of the Foreign Corrupt Practices Act. HP will pay approximately $108M to these two U.S. government agencies. HP also has agreed to undertake certain compliance, reporting and cooperation obligations.
09:11 EDTZGNXOn The Fly: Pre-market Movers
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09:00 EDTZGNXZogenix rises 8.9%
Zogenix is up 8.9%, or 23c, to $2.82
06:48 EDTHPQSienkiewicz says HP to acknowledge 'corrupt' activities in Poland, Reuters says
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05:58 EDTHPQHP implied volatility of 27 at lower end of index mean range
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05:16 EDTZGNXZogenix requested order staying the ban of Zohydro in MA
Today Zogenix presented its case in U.S. District Court in Boston requesting an immediate order staying the ban on the FDA-approved prescription drug product, Zohydro ER extended-release capsules, entered on March 27, by Massachusetts Governor Deval Patrick. A follow-up hearing has been scheduled for Monday, April 14. The company will continue to monitor, evaluate and take appropriate actions in all states specific to Zohydro ER to ensure that all FDA-approved Schedule II prescription opioids covered by the FDA mandated Risk Evaluation Mitigation Strategy for extended-release and long-acting opioid analgesics receive equal treatment for any rules that impact patient access and prescribing.
April 7, 2014
16:15 EDTZGNXZogenix files suit against Massachusetts to block ban of Zohydro ER
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09:39 EDTHONHoneywell announces CFO to retire, Vice Chairmen promoted
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06:39 EDTHPQTwo HP executives arrested in Pakistan, WSJ reports
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April 5, 2014
11:24 EDTHPQHP could rise 20%, Barron's says
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April 4, 2014
12:04 EDTDECKDeckers Outdoor May volatility elevated at 48
Deckers Outdoor April call option implied volatility is at 34, May is at 48, June is at 42; compared to its 26-week average of 42 according to Track Data, suggesting large May price movement.
06:54 EDTMCDMcDonald's ceases work in Crimea, Reuters says
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April 3, 2014
10:01 EDTUNXLUni-Pixel and Conductive Inkjet Technology agree to settle ongoing litigation
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07:15 EDTDECKPiper remains a buyer of Deckers Outdoor following meetings
After spending two days with management, Piper Jaffray says it remains a buyer of Deckers Outdoor shares. Piper believes its Q1 DTC estimates could prove conservative and it expects shares to move higher as the company's growth recovers this year. It has an Overweight rating on the stock with a $96 price target.
06:34 EDTMCDStates moving on minimum wage hikes, NY Times says
Since President Obama called for an increase in the federal minimum wage 14 months ago, seven states and Washington, DC have passed such an increase, according to The New York Times. Meanwhile, 34 other state legislatures have started debating the issue and activists in another eight states are looking to get proposals for minimum wage increases on voter ballots, the newspaper stated. Companies that could be affected by minimum wage increases include McDonald's (MCD), Burger King (BKW), Wendy's (WEN), Jack in the Box (JACK), Dunkin Donuts (DNKN), and Sonic Corporation (SONC). Reference Link
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