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Stock Market & Financial Investment News

News Breaks
January 17, 2014
16:32 EDTSSNI, BBRY, UPS, COF, V, INTC, RDEN, MS, AXPOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, with the Dow serving as the only index to close in the green following a post-earnings gain from American Express (AXP), as well as a strong session from Visa (V) which gained more than 4.5%. With today's close the S&P 500 served as the only major average closing the week with losses, though no index logged a weekly move greater than 0.4%. ECONOMIC EVENTS: In the U.S., housing starts fell 9.8% to a rate of just under 1M in December, though that decline was roughly in-line with expectations. Building permits dropped 3.0% from the prior month, versus an expected decrease of 0.3%. Industrial production rose 0.3% in December, meeting the consensus forecast of economists. The preliminary January reading of the University of Michigan consumer sentiment index came in at 80.4, versus expectations for a 83.5 reading. JOLTS data showed job openings rose 70K in November to about 4M. COMPANY NEWS: Intel (INTC) fell 69c, or 2.60%, to $25.85 after last night reporting mixed fourth quarter results and fiscal 2014 guidance. The chipmaking giant reported earnings per share that missed estimates by 1c on revenue that narrowly beat expectations and said there were signs of stabilization in the personal computer market in the quarter. Intel's 2014 revenue guidance was somewhat disappointing, with the company saying it expects revenue to be flat compared to the just completed year... UPS (UPS) fell 58c, or 0.58%, to $99.91, closing well off its worst levels, after pre-announcing weaker than expected fourth quarter results. UPS estimated that its fourth quarter earnings per share would be $1.25, shy of analysts' estimates for $1.43. The shipping giant cited the compressed holiday shopping season and an "unprecedented" level of online shopping that featured a surge of orders at the very end of the season, which forced the company to take "extraordinary measures" that hurt profits. MAJOR MOVERS: Among the notable gainers was BlackBerry (BBRY), up 53c, or 6.19%, to $9.09 after short-selling blog Citron Research disclosed a long position on shares and put a "minimum" price target on the stock of $15, saying the stock's current position creates a "unique trading opportunity." Also higher following their quarterly reports were banking major Morgan Stanley (MS), up $1.40, or 4.38%, to $33.40, and credit card giant American Express (AXP), up $3.19, or 3.63%, to $90.97. Among the noteworthy losers was Capital One (COF), down $4.05, or 5.30%, to $72.39 after the company's fourth quarter profit came in below expectations and the stock was downgraded to Neutral from Positive at Susquehanna. Also lower were Silver Spring Network (SSNI), down $5.81, or 24.72%, to $17.69 and Elizabeth Arden (RDEN), down $6.54, or 18.96%, to $27.96, after both companies last night warned that their quarterly profit and sales would come in below expectations. INDEXES: The Dow was up 41.55, or 0.25%, to 16,458.56; the S&P 500 was down 7.19, or 0.39%, to 1,838.70; the Nasdaq was down 21.11, or 0.5%, to 4,197.58.
News For INTC;UPS;AXP;V;BBRY;MS;COF;SSNI;RDEN From The Last 14 Days
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March 19, 2015
09:02 EDTINTCIntel, Google, TAG Heuer announce Swiss smartwatch collaboration
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08:40 EDTINTCIntel Capital in talks to invest in Indian streaming service, TechCrunch says
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07:28 EDTAXPAmerican Express, Charles Schwab reach co-brand agreement, Reuters says
American Express (AXP) stated Thursday it has reached a deal with Charles Schwab (SCHW) to offer cards under both company names, reports Reuters. The deal is a multi-year agreement and will involve two kinds of cards, though precise details will not be announced until near the expected launch date in early 2016. Reference Link
07:22 EDTBBRYBlackBerry volatility elevated into Q4 and outlook
Blackberry March weekly call option implied volatility is at 85, April is at 66, May is at 58, June is at 54; compared to its 26-week average of 54 according to Track Data, suggesting large April price movement into the expected release of Q4 results on March 27.
07:04 EDTAXPAmerican Express confirms plans to launch Plenti loyalty program
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05:57 EDTBBRYStocks with implied volatility above IV index mean; BBRY NFLX
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05:50 EDTBBRYMicrosoft, BlackBerry raises cooperation for software products, DigiTimes says
Microsoft and Blackberry have been increasing their cooperation with other companies to promote sales of software platforms and related services, reports DigiTimes. According to industry sources, the new eefforts come after their global smartphone market edge dropped 2.8% and 0.6%, respectively. Reference Link
March 18, 2015
06:16 EDTAXPAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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06:01 EDTBBRYStocks with implied volatility above IV index mean; BBRY NFLX
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March 17, 2015
10:45 EDTBBRYStocks with call strike movement; X BBRY
U.S. Steel (X) March 24 call option implied volatility increased 8% to 52, BlackBerry (BBRY) September 11 call option implied volatility decreased 2% to 50 according to IVolatility.
10:05 EDTUPSUPS management to meet with Oppenheimer
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09:27 EDTBBRYApple plans to allow trade-ins of Android, BlackBerry devices, Bloomberg says
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05:58 EDTBBRYStocks with implied volatility above IV index mean;
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March 16, 2015
13:05 EDTMSMorgan Stanley's quarter not shaping up to be strong one, says Rafferty Capital
Rafferty Capital's Dick Bove said Morgan Stanley's current quarter is not shaping up to be a strong one. Bove said industry trade data from the NY Federal Reserve Bank is not that encouraging with fall offs in numbers in key categories. The analyst believes trading is flat to down overall in the quarter and investment banking its not fairing much better. Bove still views Morgan Stanley among his top picks for 2015 despite near-term issues.
12:33 EDTMSMorgan Stanley may be challenged in quarter, says Rafferty Capital
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12:01 EDTAXPAmerican Express reports February net write-off rate 1.5% vs. 1.4% last month
Reports February 30 days past due loans 1.0% vs. 1.0% last month.
11:20 EDTBBRYStocks with call strike movement; MNKD BBRY
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08:25 EDTCOFCapital One reports February net charge-off rate 3.47% vs. 3.57% last month
Reports February 30+ day performing delinquency rate 3.17% vs. 3.31% last month.
06:07 EDTBBRYStocks with implied volatility above IV index mean; BBRY CZR
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March 15, 2015
16:14 EDTBBRYBlackBerry collaborates with IBM, Samsung on SecuTABLET
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