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Stock Market & Financial Investment News

News Breaks
March 18, 2014
12:41 EDTHTZ, PVA, GME, NDAQ, MSFT, AAPL, WMT, ICEOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday amid continued headlines from Russia regarding the Crimea region of Ukraine and a report that showed the cost of living in the U.S. was little changed in February. Also, the Federal Reserve kicked off its two-day policy meeting, which will culminate tomorrow with Janet Yellen's first press conference as the head of the central bank. ECONOMIC EVENTS: In the U.S., consumer prices rose 0.1% in February, matching the consensus forecast of economists. Housing starts fell 0.2% from the prior month in February to a rate of 907K, while building permits rose 7.7% to a rate of 1.02M. In Europe, Vladimir Putin formally called for Crimea and Sevastopol to be annexed and added to Russia, but added in his address to his parliament that Russia is not seeking to split up Ukraine. A measure of German economic expectations dropped more-than-expected to 46.6 in March, which was linked to the Crimea crisis and represented its weakest reading since August 2013. COMPANY NEWS: Rental car company Hertz (HTZ) confirmed plans to separate its equipment rental business and announced a new $1B share repurchase program, but missed earnings expectations. The stock's reaction to the spin-off news was likely muted due to the fact that Financial Times, citing sources familiar with the matter, had already reported on the spin-off on Friday evening and the stock advanced nearly 5% yesterday after that report. MAJOR MOVERS: Among the notable gainers was Penn Virginia (PVA), which jumped 13% after activist investor Soros Fund Management disclosed that it has taken a 9.18% stake and urged the company to explore strategic alternatives. Also higher was Microsoft (MSFT), which rose almost 4% after the tech blog The Verge, citing sources, said the company will introduce a version of its Office product suite for Apple's iPad (AAPL) at a press event later this month. Barclays also published a positive note on Microsoft this morning, stating that the firm believes that the benefit Microsoft could receive from the monetization of Office 365 is underappreciated, while the company's revenue growth from Azure is accelerating. Among the noteworthy losers was Nasdaq OMX (NDAQ), which fell about 4% after New York Attorney General Eric Schneiderman called for tougher regulations and market reforms to eliminate what he called the "unfair advantages" provided to high-frequency trading firms. Also possibly weighing on its shares was a Dow Jones report that claimed the New York Stock Exchange, which is owned by IntercontinentalExchange (ICE), is viewed as the front-runner for the upcoming IPO of China's largest e-commerce company, Alibaba. Also lower were shares of video game retailer GameStop (GME), which slid 4% after Wal-Mart (WMT) announced that customers would soon be able to trade in their used video games in return for store credit. INDEXES: Near midday, the Dow was up 81.65, or 0.5%, to 16,328.87, the Nasdaq was up 41.74, or 0.98%, to 4,321.69, and the S&P 500 was up 10.56, or 0.57%, to 1,869.39.
News For HTZ;PVA;GME;NDAQ;MSFT;AAPL;WMT;ICE From The Last 14 Days
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August 14, 2014
17:08 EDTAAPLSoros Fund Management gives quarterly update on stakes
NEW STAKES: CONSOL Energy (CNX), Google (GOOG), Level 3 (LVLT), Time Warner (TWC), and New Oriental (EDU). INCREASED STAKES: YPF SA (YPF), Apple (AAPL), Facebook (FB), AIG (AIG), and American Airlines (AAL). DECREASED STAKES: Teva (TEVA), Liberty Global (LBTYK), Barrick Gold (ABX), EQT (EQT), and Comcast (CMCSA). LIQUIDATED STAKES: FedEx (FDX), Monster Beverage (MNST), Google (GOOGL), Devon Energy (DVN), Marathon Petroleum (MPC).
17:00 EDTAAPLGreenlight Capital gives quarterly update on stakes
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16:30 EDTWMTOn The Fly: Closing Wrap
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16:01 EDTAAPLOptions Update; August 14, 2014
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15:47 EDTWMTWal-Mart price target lowered to $80 from $84 at RW Baird
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14:13 EDTAAPLOmega Advisors gives quarterly update on stakes
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12:30 EDTWMTOn The Fly: Midday Wrap
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09:36 EDTAAPLActive equity options trading on open
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08:16 EDTWMTWal-Mart lowers FY15 e-commerce sales growth forecast to 25%
"E-commerce is particularly important to both our customers and our company’s future, and we will continue to invest in areas such as technology, talent, and fulfillment. As a result, our fiscal 2015 earnings per share now assumes 5c-7c of incremental investment, versus our prior guidance of 2c-4c. I would like to add that, although we are slightly revising our e-commerce sales growth to 25% for this year, we continue to be very encouraged by the progress we are making on our strategic goals," Charles Holley, Walmart’s CFO, stated on the company's earnings conference call earlier.
07:55 EDTAAPLApple bans two chemicals from iPhone, iPad final stages, AP says
Apple said its investigation at 22 factories found no evidence that two potentially hazardous chemicals, benzene and n-hexane, endangered the plants' workers, but the company is banning the use of those chemicals in the final assembly of iPhones and iPads, reported Associated Press, citing statements from the company. Apple is still allowing use of the two chemicals during the early production phases, but is lowering the maximum amount of benzene and n-hexane that can be present in the materials used during those phases. Reference Link
07:30 EDTWMTWal-Mart reports Q2 U.S. comp traffic down 1.1%, average ticket up 1.1%
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07:30 EDTWMTWal-Mart says saw double-digit e-commerce growth in 4 'most important' markets
Wal-Mart saw double-digit e-commerce growth from its "four most important markets," the U.S., U.K., China and Brazil, in Q1, Wal-Mart President and CEO Doug McMillon stated on the company's Q2 earnings call.
07:22 EDTWMTWal-Mart to hold a summit
2nd Annual U.S. Manufacturing Summit is being held in Denver, Colorado on August 14 at 4 pm. Webcast Link
07:10 EDTWMTWal-Mart CEO says pleased with 'solid' EPS, encouraged by e-commerce growth
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07:07 EDTWMTWal-Mart sees Q3 EPS $1.10-$1.20, consensus $1.18
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07:06 EDTWMTWal-Mart reports Q2 U.S. SSS flat
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07:05 EDTWMTWal-Mart lowers FY15 EPS view to $4.90-$5.15 from $5.10-$5.45, consensus $5.15
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07:02 EDTWMTWal-Mart reports Q2 EPS $1.21, consensus $1.21
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06:19 EDTAAPLLenovo sees opportunities outside of China for smartphone business, WSJ reports
Lenovo CEO Yang Yuanqing tells the Wall Street Journal that although that China is still the most important market for its smartphone business, the company sees additional opportunities outside China. Reference Link
06:18 EDTNDAQNASDAQ, CME Group eyes Barclays index division, Bloomberg says
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