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Stock Market & Financial Investment News

News Breaks
November 9, 2012
16:37 EDTSTRA, PCLN, DIS, DTSI, KYAK, JCP, ISIS, GRPNOn the Fly: Closing Wrap
Stocks on Wall Street were fractionally higher on the day, putting an end to consecutive selloffs following Tuesday night's election, and capping a volatile week for the averages. Stocks opened the day lower but quickly moved into positive territory, and while a mild selloff during President Obama's midday remarks regarding the fiscal cliff sent the market lower, the averages were able to maintain some gains and finish positive for the session... ECONOMIC EVENTS: In the U.S., import prices rose 0.5% in October from the prior month, versus expectations for them to be flat. The preliminary University of Michigan consumer sentiment reading for November came in at 84.9, versus the expected 82.9. Wholesale inventories were reported to have increased 1.1% in September, versus expectations for an increase of 0.4%. Also, the Congressional Budget Office estimated that going over the fiscal cliff would cut U.S. economic output by about 3%, driving the nation back into recession next year. President Obama made his first public comments since the election regarding the fiscal cliff and said that he would not accept a deficit reduction plan that did not include revenue hikes. However, Senate Minority Leader Mitch McConnell said Republicans would not agree to increased taxes for any payers... COMPANY NEWS: Shares of J.C. Penny (JCP), Walt Disney (DIS), and Groupon (GRPN) all traded lower following the release of their quarterly earnings. Shares of J.C. Penny were down $1.05, or 4.84%, to $20.64 after the company's EPS and revenue both missed consensus estimates and the company reported same store sales were down 26.1% in Q3. Disney fell $2.98, or 5.96%, to $47.06 after reporting their quarterly earnings after yesterday's close. Shares of Groupon were down $1.16, or 29.59%, to $2.76 after earnings missed consensus estimates and the stock received at least four analyst downgrades and three lowered price targets... MAJOR MOVERS: Among the notable gainers were shares of Kayak Software (KYAK), up $8.63, or 27.80%, to $39.67, after agreeing to be acquired by Priceline.com (PCLN) in a stock and cash transaction equivalent to $40 per share of Kayak stock. Shares of Priceline were fractionally lower after the announcement, down $2.00, or 0.32%, to $625.87. Also higher on the day were shares of Isis Pharmaceuticals (ISIS), up $1.11, or 14.47%, to $8.78 after the stock was upgraded to Outperform from Neutral at Cowen, citing a favorable valuation and optimism surrounding its antisense platform and pipeline. Among noteworthy losers were shares of DTS Inc (DTSI), down $5.82, or 28.23%, to $14.80 after the company reported earnings that missed consensus estimates and lowered its FY12 and FY13 revenue view. Also lower were shares of Strayer Education (STRA), down $9.66, or 17.20%, to $46.51 after its full-year earnings outlook was well below consensus estimates and the company suspended its dividend... INDICES: The Dow was up 4.07, or 0.03%, to 12,815.39; the S&P 500 was up 2.34, or 0.17%, to 1,379.85; the Nasdaq was up 9.29, or 0.32%, to 2,904.87.
News For JCP;DIS;GRPN;KYAK;PCLN;ISIS;DTSI;STRA From The Last 14 Days
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June 23, 2015
18:04 EDTISISIsis Pharma granted FDA orphan status for treatment of familial chylomicronemia
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13:09 EDTDISHulu to sell Showtime premium package for subscribers
Hulu (DIS;NWSA;CMSA) will sell Showtime Networks' (CBS) Internet streaming service to subscribers in early July, reports Variety. Hulu will offer Showtime to its subscribers for $8.99 in addition to the $7.99 fee Hulu subscribers pay per month.Reference Link
10:00 EDTGRPNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Adeptus Health (ADPT) initiated with a Buy at BofA/Merrill... Angie's List (ANGI) initiated with a Hold at Topeka... Avenue Financial (AVNU) initiated with an Equal Weight at Stephens... CASI Pharmaceuticals (CASI) initiated with a Buy at H.C. Wainwright... Corindus (CVRS) initiated with a Buy at Stifel... Coupons.com (COUP) initiated with a Market Perform at William Blair... Five Below (FIVE) initiated with an Outperform at RBC Capital... Franklin Financial Network (FSB) initiated with an Equal Weight at Stephens... Galmed (GLMD) initiated with a Buy at H.C. Wainwright... Genesis Healthcare (GEN) initiated with a Neutral at Susquehanna... Groupon (GRPN) initiated with a Hold at Topeka... GrubHub (GRUB) initiated with a Buy at Topeka... Hercules Technology (HTGC) initiated with a Buy at Compass Point... Immersion (IMMR) initiated with a Buy at Craig-Hallum... Lipocine (LPCN) initiated with a Buy at Canaccord... NeoGenomics (NEO) initiated with a Buy at BTIG... Novadaq (NVDQ) initiated with a Neutral at BTIG... Perrigo (PRGO) initiated with an Outperform at BMO Capital... Signal Genetics (SGNL) initiated with a Buy at Chardan... Standard Motor Products (SMP) initiated with a Neutral at CL King... United Community Financial (UCFC) initiated with a Market Perform at Keefe Bruyette... WP Glimcher (WPG) initiated with a Neutral at Goldman... WhiteWave (WWAV) initiated with a Buy at Maxim... Yelp (YELP) initiated with a Buy at Topeka.
08:58 EDTISISIsis Pharmaceuticals shares not reflecting SMA data, says Needham
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06:19 EDTGRPNGroupon initiated with a Hold at Topeka
Target $6.
June 22, 2015
13:19 EDTDISMarvel Entertainment wins patent dispute over Spider-Man toy, Variety says
The Supreme Court sided with Disney 's Marvel Entertainment in a case involving a patent on a toy owned by Stephen Kimble that shoots web from pressurized foam string, says Variety. The Court would not overrule precedent and ruled in favor of Marvel Entertainment that a patentee cannot continue to receive royalties for a patent after it expires, added Variety. Reference Link
10:46 EDTPCLNAirbnb to hurt Priceline more than Expedia, Deutsche Bank says
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10:00 EDTPCLNOn The Fly: Analyst Downgrade Summary
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07:19 EDTPCLNExpedia upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Expedia (EXPE) to Buy citing an improving core business and cost synergies from acquisitions. The firm sees a path for Expedia to reach $200 per share over the next five year. It raised its price target for the stock to $130 from $95. Deutsche coupled the upgrade with a downgrade of Priceline (PCLN).
07:17 EDTPCLNPriceline downgraded to Hold from Buy at Deutsche Bank
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07:01 EDTISISIsis Pharmaceuticals reports data from ISIS-SMN Rx in Phase 2 study
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06:42 EDTPCLNPriceline downgraded to Hold from Buy at Deutsche Bank
June 21, 2015
17:57 EDTDISRealD says 3D screens accounted for 47% of weekend 'Jurassic World' gross
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16:21 EDTDISUniversal's 'Jurassic World' leads U.S. weekend box office with $102M
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June 19, 2015
18:12 EDTPCLNS&P announces changes to S&P 100, 400, 500, and 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: S&P 500 constituent The Priceline Group (PCLN) will replace Baxter International (BAX) in the S&P 100, Baxalta (BXLT) will replace QEP Resources (QEP) in the S&P 500, QEP Resources will replace Itron (ITRI) in the S&P MidCap 400, and Itron will replace Arch Coal (ACI) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. Baxter International is spinning off Baxalta in a transaction expected to be completed on that date. Baxter International will remain in the S&P 500 following the distribution, but its post spin market capitalization will no longer make it appropriate for the S&P 100. QEP Resources, Itron and Arch Coal are all ranked near or at the bottom of their current indices. Skechers USA (SKX) will replace Rock-Tenn Co. (RKT) in the S&P MidCap 400, and MiMedx Group (MDXG) will replace Skechers USA in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent MeadWestvaco Corp. (MWV) is combining with Rock-Tenn in a transaction expected to be completed on or about that date. The combined company will remain in the S&P 500 and will change its name to WestRock Co. HealthEquity (HQY) will replace Zep Inc. (ZEP) in the S&P SmallCap 600 after the close of trading on Thursday, June 25. Private equity firm New Mountain Capital is acquiring Zep in a transaction expected to be completed on or about that date pending final approvals.
17:19 EDTPCLNPriceline to replace Baxter in S&P 100 as of 6/30 close
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June 18, 2015
08:23 EDTDISDisney cancels plans to outsource tech jobs, L.A. Times reports
Disney (DIS) is canceling plans to replace employees in 30 technology positions with workers hired from Cognizant Technology Solutions (CTSH), an agency that outsources jobs to immigrants mostly from India on temporary work visas, the L.A. Times reports. Disney employees in New York, New York and Burbank, California were first made aware of the layoffs in late May, and recently some of the employees were asked to help train their own successors, sometimes in person but mostly via teleconference, the report says. Disney has not offered many details on the reasons for its decision to reverse layoff plans, the L.A. Times says. Reference Link
June 17, 2015
13:28 EDTDISHBO to make serious run at Bill Simmons, Hollywood Reporter says
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09:08 EDTDTSIDTS, Inc. management to meet with Barrington
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06:20 EDTDISHulu luring content producers from Netflix, WSJ reports
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