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News Breaks | | | | January 23, 2013 | | 16:30 EDT |  | AGN, CREE, STRI, MAPP, HLF, MCP, COH, GOOG, FSLR, IBM | On The Fly: Closing Wrap
Stocks on Wall Street were higher following better than expected earnings from tech giants IBM (IBM) and Google (GOOG). Near midday, the House voted to extend the debt limit until May 19, as expected, and the markets did not react to the news. Eyes on the Street are focused on this evening's report from Nasdaq's largest component, Apple (AAPL)... ECONOMIC EVENTS: In the U.S., the light economic calendar included the Home Price Index, which showed prices rose 0.6% in November, versus expectations for an increase of 0.7%. Also of note, the International Monetary Fund lowered its outlook for 2013 global output growth to 3.5% from 3.6%... COMPANY NEWS: IBM shares gained $8.64, or 4.41%, to $204.72 after its earnings report and guidance exceeded expectations. Google similarly reported earnings that beat consensus. A number of firms increased their price targets on shares, including Jefferies taking their target up to $875. Google advanced $38.63, or 5.5%, to $741.50 following its earnings report... Herbalife (HLF) was again in the news as Greenlight Capital's quarterly letter to investors made the rounds this afternoon. There was some speculation that the letter contained a veiled reference to a short position in Herbalife, however, The Wall Street Journal reported that Greenlight's David Einhorn told investors he does not currently have any bet on the stock. However, Einhorn admitted to profiting from a short position in Herbalife held in 2012 that has since been closed. Shares of Herbalife were down $1.13, or 2.56%, to $43.01 on the day... Among notable companies moving after reporting earnings were Cree (CREE), up $7.38, or 22.05%, to $40.85 after beating expectations, and Coach (COH), down $9.93, or 16.36%, to $50.75 after its earnings fell short of expectations and its Q4 SSS fell 2%... MAJOR MOVERS: Among notable gainers was MAP Pharmaceuticals (MAPP), which rose $9.13, or 58.6%, to $24.71 after it was announced last night that the company had agreed to be acquired by Allergan (AGN) for $25 per share. Allergan shares fell $1.10, or 1.04%, to $104.65 following the announcement. Among notable losers was Molycorp (MCP), which fell 95c, or 10.76%, to $7.88 after disclosing that the company sees Q4 and 1H13 production below expectations and shares were downgraded at Dahlman Rose. Also lower were shares of STR Holdings (STRI), down 79c, or 25.48%, to $2.31 after announcing last night that it expects to lose First Solar (FSLR) as a customer and shares were downgraded to Hold at Craig-Hallum... INDICES: The Dow was up 66.96, or 0.49%, to 13,779.17; the Nasdaq was up 10.49, or 0.33%, to 3,153.67; and the S&P 500 was up 2.22, or 0.15%, to 1,494.78. | |
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News For IBM;GOOG;HLF;CREE;COH;MAPP;AGN;MCP;STRI;FSLR From The Last 14 Days Check below for free stories on IBM;GOOG;HLF;CREE;COH;MAPP;AGN;MCP;STRI;FSLR the last two weeks. |
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| May 17, 2013 | | 16:00 EDT |  | GOOG | Options Update; May 17, 2013
 Subscribe for More Information | | | 14:03 EDT | | GOOG | Market set to finish week with gains after Cisco results, comments
Subscribe for More Information | | | 12:00 EDT | | FSLR | Stocks with call strike movement; FSLR BBY
Subscribe for More Information | | | 09:38 EDT |  | GOOG | Google rises following price target bump, levels to watch
Subscribe for More Information | | | 09:37 EDT | | GOOG | Active equity option families trading on open
Subscribe for More Information | | | 08:53 EDT |  | GOOG | Google price target raised to $1,065 from $875 at Argus
Subscribe for More Information | | | 07:10 EDT |  | GOOG | U.K. to question Amazon over income tax, Reuters reports
Subscribe for More Information | | | 06:36 EDT | | GOOG | Google to add new apps to Google Glass, NY Times says
Subscribe for More Information | | | 06:27 EDT | | FSLR, IBM | Stocks with implied volatility below IV index mean; IBM FSLR
Subscribe for More Information | | | 06:09 EDT | | COH | Citi recommends Michael Kors ahead of Q4 results
Subscribe for More Information | | | | May 16, 2013 | | 18:42 EDT | | GOOG | Google sent letter by Congress over Glass privacy issues, WSJ reports
Subscribe for More Information | | | 14:44 EDT |  | CREE | Cree management to meet with JPMorgan
Subscribe for More Information | | | 14:01 EDT | | GOOG | Options Update; May 16, 2013
Subscribe for More Information | | | 13:05 EDT | | GOOG | Spending on Apple, Android video games jumped in Q1, AllThingsD says
In the first quarter spending on video games for Apple (AAPL) and Android devices increased significantly versus the previous quarter, while spending on video games for traditional handheld consoles fell meaningfully, research firms IDC and App Annie found, according to AllThingsD. Consumers spent three times more on games for smartphones and tablets than on games for traditional handheld consoles last quarter, the website stated. Reference Link | | | 11:40 EDT | | FSLR | Stocks with call strike movement; FSLR JCP
Subscribe for More Information | | | 10:25 EDT | | GOOG | Microsoft discussing 'glasses' tech with Vuzix, NY Post says
Subscribe for More Information | | | 09:36 EDT | | GOOG | Active equity option families trading on open
Subscribe for More Information | | | 09:20 EDT | | COH | Coach estimatse raised at Sterne Agee
Sterne Agee believes Coach can take shares in the combined premium footwear/outwear market and has an opportunity in watches. The firm reiterates its Buy rating and raised its price target to $65 from $62. | | | 07:36 EDT | | GOOG | Google price target raised to $1,025 from $830 at RW Baird
RW Baird raised its price target for Google shares to $1,025 following the company's I/O conference and keeps an Outperform rating on the name. Baird thinks Chrome continues to gain momentum and that yesterday's event highlighted Google's technology advantages. Shares of Google closed yesterday up $28.79 to $915.89, and are indicated up another $5.66 in pre-market trading. | | | 07:10 EDT | | GOOG | Google to help with supercomputing project, WSJ reports
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