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Stock Market & Financial Investment News

News Breaks
January 2, 2013
16:24 EDTHPQ, UNH, MRK, JNJ, ZIP, CAR, X, DOLE, SKULOn 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.
News For HPQ;UNH;MRK;JNJ;ZIP;CAR;X;DOLE;SKUL From The Last 14 Days
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August 20, 2014
15:26 EDTHPQNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Hewlett-Packard (HPQ), consensus 89c; L Brands (LB), consensus 62c; Synopsys (SNPS), consensus 60c; CACI International (CACI), consensus $1.43; Semtech (SMTC), consensus 39c; Popeyes Louisiana Kitchen (PLKI), consensus 39c; America's Car-Mart (CRMT), consensus 60c.
13:42 EDTHPQEarnings Preview: Analysts view HP positively ahead of Q3 earnings report
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12:02 EDTCARHertz drops after withdrawing full year guidance, analyst downgrades
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11:54 EDTHPQHP technical comments before earnings
In the prior three months the shares have outperformed the broader averages, rising by more than 8%. The trend has had a decidedly bullish slant, with $36 at the high and $33 at the low. These bounds give us some guidance as to how price might behave depending on earnings and guidance. A breakout above $36 and notably the 52-week high at $36.21, would appear very probable if the news is better than already high expectations. Next major resistance would be at $38, a level not seen since early 2011. An extreme upside reaction could push the stock to $40.34. Given the strong bullish sentiment in the name, the risk may be more to the downside on a disappointment. The key level to watch on the downside if news or guidance is worse than expected is at the 50-day moving average, last at $34.57. A breakdown below the 50-day would break the intermediate-term uptrend and that would have bearish implications for future price. The $33 level would become the next important zone following such a break. A snap below $33 on an extreme disappointment would see $31.48 as next support.
10:04 EDTSKULOn The Fly: Analyst Upgrade Summary
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09:36 EDTXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FOLD TSLA TWTR WHX FB TM NFLX X EOG
08:59 EDTHPQHewlett-Packard weekly volatility increases into Q3 and outlook
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08:49 EDTHPQHP shares have dropped in August over past four years, Re/code reports
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08:26 EDTSKULSkullcandy upgraded to Buy from Neutral at DA Davidson
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August 19, 2014
11:05 EDTHPQImperva seen as takeover candidate under new CEO
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08:59 EDTHPQHewlett-Packard volatility increases into Q3 and outlook
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08:42 EDTHPQImperva new CEO has history of selling companies, says Sterne Agee
After Imperva (IMPV) appointed Anthony Bettencourt as its new CEO, Sterne Agee says that he has a history of selling companies. The firm believes that Imperva "would likely be an acquisition candidate" for a number of large tech companies such as Cisco (CSC), Juniper (JNPR), HP (HPQ), IBM (IBM), Check Point (CHKP), or F5 (FFIV). Sterne Agee believes that Imperva could be acquired for as much as $45 per share, and it keeps a Buy rating on the stock.
August 18, 2014
15:17 EDTCARAvis Budget signs exclusive partnership with Seaborne Airlines
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13:12 EDTHPQMicrosoft getting ready to launch Chromebook challengers, 9to5Google says
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11:41 EDTJNJCubist rises after report sparks takeover interest speculation
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10:01 EDTHPQOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Achillion (ACHN) upgraded to Buy from Hold at Deutsche Bank... CNOOC (CEO) upgraded to Neutral from Underperform at Credit Suisse... Dollar General (DG) upgraded to Buy from Neutral at Sterne Agee... Equity Residential (EQR) upgraded to Hold from Underperform at Jefferies... HMS Holdings (HMSY) upgraded to Overweight from Equal Weight at First Analysis... HP (HPQ) upgraded to Buy from Neutral at Monness Crespi... Halcon Resources (HK) upgraded to Buy from Hold at MLV & Co.... KapStone (KS) upgraded to Buy from Hold at Deutsche Bank... Sportsman's Warehouse (SPWH) upgraded at RW Baird... Westlake Chemical (WLK) upgraded to Neutral from Reduce at SunTrust... WisdomTree (WETF) upgraded to Neutral from Sell at Citigroup... Zimmer (ZMH) upgraded to Outperform from Market Perform at William Blair.
07:57 EDTMRKCambridge Healthtech Institute to hold a summit
6th Annual Bioprocessing Summit to be held in Boston on August 18-22.
07:41 EDTHPQHP upgraded to Buy from Neutral at Monness Crespi
07:39 EDTHPQHP remains a top pick ahead of Q3 results at Deutsche Bank
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August 15, 2014
08:06 EDTSKULSkullcandy, ASTRO Gaming announces patent issuance
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