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Stock Market & Financial Investment News

News Breaks
June 12, 2014
12:31 EDTGERN, TWTR, LULU, HPQ, WAVX, RHOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after retail sales rose less than expected in May and first-time unemployment claims increased last week. In addition to the mixed bag of economic data, there has also been increased anxiety about Iraq in recent days amidst a backdrop of an Islamist militant uprising there, as evidenced by a seven month high in the price of crude oil. The market opened in negative territory and has remained there throughout the morning, though the averages have drifted in a fairly narrow range again. 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%. In Europe, the euro zone's industrial output rose 0.8% in April, versus expectations for a 0.4% increase. COMPANY NEWS: Shares of Hewlett-Packard (HPQ) climbed nearly 2% near noon after Goldman Sachs admitted that its negative thesis on the stock was wrong and upgraded the shares to Neutral from Sell. Among 34 research firms tracked by Bloomberg, none now have a "Sell" or equivalent rating on shares of HP following Goldman's upgrade... Twitter (TWTR) shares gained 4% after the company 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. MAJOR MOVERS: Among the notable gainers was Geron (GERN), which advanced 26.5% after the FDA removed its partial clinical hold on the company's trial of imetelstat in myelofibrosis. Also higher were shares of home furnishings retailer Restoration Hardware (RH), which rose 13% after the company's first quarter quarter results topped analysts' consensus estimates and it raised its fiscal 2014 outlook. Among the noteworthy losers was yoga wear maker lululemon (LULU), which dropped over 15% 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 following was Wave Systems (WAVX), which fell 22% after it announced plans to sell about 5.2M shares of its common stock at a price of $1.90 per share. INDEXES: Near midday, the Dow was down 51.99, or 0.31%, to 16,791.89, the Nasdaq was down 10.49, or 0.24%, to 4,321.45, and the S&P 500 was down 5.57, or 0.29%, to 1,938.32.
News For HPQ;TWTR;RH;LULU;GERN;WAVX From The Last 14 Days
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November 12, 2014
12:33 EDTTWTRTwitter says scope to meet goal includes syndication platform
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12:28 EDTTWTRTwitter says expects to grow as fast or faster than IDC forecast rate
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12:19 EDTTWTRTwitter says will explore additional mobile applications
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12:17 EDTTWTRTwitter says will introduce 'instant timeline' feature
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12:16 EDTTWTRTwitter says plans to accelerate pace and breadth of product change
Says adding significant functionality to private messaging and will roll out this quarter. Says goal is to build world's largest daily audience. Comments from analyst day presentation.
11:59 EDTTWTRTwitter November weekly 40 straddle priced for 5% move into analyst day
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09:37 EDTTWTRActive equity options trading
Active equity options trading according to Track Data: AAPL CLSN TWTR BABA NFLX TSLA AMZN CSIQ C
06:37 EDTTWTRTwitter weekly volatility increases into analyst day
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November 11, 2014
16:14 EDTGERNLeerink biotech analysts hold an analyst/industry conference call
Biotech Analysts provide a preview of items being discussed at the upcoming 56th Annual Meeting of ASH including JAK inhibitors, novel Jakafi combinations for Myelofibrosis and developing compounds on an Analyst/Industry conference call to be held on November 17 at 10 am.
16:01 EDTTWTROptions Update; November 11, 2014
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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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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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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.
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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