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News Breaks | | | | January 2, 2013 | | 16:24 EDT |  | X, JNJ, HPQ, SKUL, CAR, MRK, DOLE, ZIP, UNH | On The Fly: Closing Wrap
Stocks on Wall Street were significantly higher after U.S. lawmakers agreed on a deal to prevent falling off the fiscal cliff late last night. Several issues, including the debt ceiling, were pushed off by the agreement, but the stop-gap measure provided investors with enough temporary stability to send the market sharply higher at the open. The averages did not move far from their early levels and closed at the highs of the session... ECONOMIC EVENTS: In the U.S., Markit's final reading for December's purchasing managers' index came in at 54.0, which was up from 52.8 a month ago and beat expectations for a downward revision to 53.6. The ISM's December manufacturing PMI had a reading of 50.7, versus the expected 50.5, while the prices paid index came in at 55.5, versus the expected 50.8. A separate report showed construction spending fell 0.3% in November, versus an expected increase of 0.6%... COMPANY NEWS: Every member of the Dow Jones Industrial Average gained on the session, though UnitedHealth (UNH) rose only 30c, or 0.55%, to $54.54 and fellow healthcare companies Merck (MRK) and Johnson & Johnson (JNJ) were the average's other laggards. Shares of Hewlett-Packard (HPQ) lead the index, gaining 77c, or 5.4%, to $15.02... MAJOR MOVERS: Among the notable gainers was Zipcar (ZIP), which rose $3.94, or 47.82%, to $12.18 following its agreement to be acquired for $12.25 per share in cash by Avis Budget (CAR). Avis shares also gained 95c, or 4.79%, to $20.77. Also higher were shares of U.S. Steel (X), up $2.04, or 8.55%, to $25.89 after an upgrade to Outperform and a price target raise to $30 from $20 per share at Credit Suisse. Among noteworthy losers were shares of Dole Food (DOLE), which fell $1.54, or 13.43%, to $9.93 after the company said its fresh fruit business continues to experience declining earnings. Also lower was Skullcandy (SKUL), down 99c, or 12.71%, to $6.80 after Jefferies downgraded the stock two notches, to Underperform from Buy... INDICES: The Dow was up 308.41, or 2.35%, to 13,412.55; the Nasdaq was up 92.75, or 3.07%, to 3,112.26; and the S&P 500 was up 36.23, or 2.54%, to 1,462.42. | |
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News For HPQ;UNH;MRK;JNJ;ZIP;CAR;X;DOLE;SKUL From The Last 14 Days Check below for free stories on HPQ;UNH;MRK;JNJ;ZIP;CAR;X;DOLE;SKUL the last two weeks. |
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| May 23, 2013 | | 18:41 EDT |  | CAR | Hertz, Avis suing Chicago over airport facility costs, Bloomberg says
 Subscribe for More Information | | | 17:04 EDT |  | MRK | Merck's preladenant gave no evidence of efficacy, ends regulatory filing pursuit
Subscribe for More Information | | | 16:23 EDT | | HPQ | On The Fly: Closing Wrap
Subscribe for More Information | | | 16:00 EDT |  | HPQ | Options Update; May 23, 2013
Subscribe for More Information | | | 12:38 EDT | | HPQ | On The Fly: Midday Wrap
Subscribe for More Information | | | 10:11 EDT |  | HPQ | Hewlett-Packard gaps up and rises sharply after results
Subscribe for More Information | | | 10:08 EDT |  | JNJ | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 10:08 EDT |  | HPQ | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 09:37 EDT | | HPQ | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG HPQ | | | 09:21 EDT | | HPQ | HP must diversify product options, Meg Whitman says
Subscribe for More Information | | | | 09:21 EDT | | HPQ | Hewlett-Packard CEO: Still believe keeping HP together is 'right thing to do'
Subscribe for More Information | | | 09:11 EDT |  | HPQ | Hewlett-Packard had a solid quarter but remain cautious, says Goldman
Subscribe for More Information | | | 09:00 EDT | | HPQ | Hewlett-Packard rises 10.6%
Subscribe for More Information | | | 07:54 EDT | | HPQ | Hewlett-Packard strength a selling opportunity, says Topeka
Subscribe for More Information | | | 07:31 EDT | | JNJ | Janssen expects to have more than 25 brand line extensions by 2017
Subscribe for More Information | | | 07:17 EDT | | HPQ | Hewlett-Packard guidance looks conservative, says Bernstein
After HP reported lower than expected Q2 revenue but higher than expected EPS, Bernstein thinks the company's EPS guidance looks conservative. The firm expects the company to either improve its business or break itself up. It keeps an Outperform rating on the shares. | | | 06:29 EDT | | JNJ | Johnson & Johnson coverage assumed with an Underperform at Credit Suisse
Subscribe for More Information | | | 05:52 EDT | | HPQ | Hewlett-Packard upgraded to Hold from Underperform at Jefferies
Subscribe for More Information | | | 05:48 EDT | | HPQ | Proxy advisers see their power diminish, WSJ reports
Subscribe for More Information | | | May 22, 2013 | | 18:52 EDT | | MRK, HPQ | On The Fly: After Hours Movers
UP AFTER EARNINGS: Hewlett-Packard (HPQ), up 13.4% after reporting second quarter earnings that beat expectations and guiding third quarter and full-year earnings above estimates... Pacific Sunwear (PSUN), up 14.3%. ALSO HIGHER: Merck (MRK), up 0.2% after an FDA advisory panel voted 13-3 in support of the safety of initial doses of its insomnia drug suvorexant. DOWN AFTER EARNINGS: DryShips (DRYS), down 4.7%. ALSO LOWER: Apricus Biosciences (APRI), down 11.5% after filing to sell an ungiven amount of stock... NCI Building Systems (NCS) after being replaced by Cynosure (CYNO) in the S&P 600 as of May 31. | | |
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