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Stock Market & Financial Investment News

News For SHLD;DVAX;DELL;PENN From The Last 14 Days
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July 7, 2015
17:41 EDTSHLDSears receives $2.7B in gross proceeds from Seritage transaction
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July 6, 2015
13:03 EDTSHLDSears Holdings volatility low as share price near ten-year low
Sears Holdings July call option implied volatility is at 56, August is at 52, September is at 51; compared to its 52-week range of 44 to 121, suggesting decreasing price movement.
07:14 EDTPENNPenn National Plainridge casino has strong first week, says Janney Capital
Janney Capital noted that Penn National's new Plainridge casino generated $6.1M in revenues for its first seven days and while the firm expects a fall-off from initial levels it also believes there will be upside to consensus estimates for the property. Janney has a Buy rating and $19 fair value estimate on Penn National shares.
07:08 EDTSHLDSeritage Growth Properties to start trading on NYSE
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July 2, 2015
08:57 EDTPENNPenn National Plainridge casino expectations too high, says Morgan Stanley
Morgan Stanley believes Penn National Plainridge Park casino consensus expectations for $250M revenue and $60M EBITDA in 2016 are too high. The firm said other city property openings within proximity suggest lower win, unit and spend, and will likely face capacity issues. Morgan Stanley rates Penn National an Underweight with a $15 price target and says risk/reward is unfavorable.
June 26, 2015
09:32 EDTPENNNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 25, 2015
07:17 EDTDELLRed Hat to hold a summit
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June 24, 2015
11:11 EDTSHLDAnalyst says Best Buy shares poised to rise
Best Buy's (BBY) stock is poised to advance after the company reports its second quarter results, research firm B. Riley predicted. WHAT'S NEW: Best Buy's forecast for increased margins in the second half of the year, along with easing comparisons, should cause the stock to rise, predicted B. Riley in a note to investors earlier today. The shares will be particularly well-positioned to climb after the company updates its guidance following its Q2 results, the firm believes. Best Buy's initiatives should help increase its revenue and profits heading into fiscal 2017 and the retailer can continues to increase its market share at the expense of Sears (SHLD), RadioShack and others. Additionally, macro economic trends remain favorable for Best Buy and its key product categories continue to perform well, according to B. Riley. The firm, which is particularly confident about the company's ability to beat Q4 consensus estimates, keeps a $47 price target on the name and reiterates a Buy rating on the shares. WHAT'S NOTABLE: In their own note to investors this morning, SunTrust analysts David Magee and D. Mitch Van Zelfden speculated on potential M&A activity in the specialty retail space, noting that "Wall Street’s appetite for acquisitions has strengthened recently." In their opinion, Best Buy acquiring GameStop (GME) is among the "most compelling relationships" in the sector, the note explained. PRICE ACTION: In mid-morning trading, Best Buy slid 0.4% to $34.72, while GameStop rose 1.3% to $44.92.
09:13 EDTPENNPenn National’s Plainridge Park Casino debuts as Massachusetts’ first casino
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07:35 EDTSHLDCFA Society of Chicago to hold a meeting
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June 23, 2015
11:01 EDTDVAXDynavax management to meet with William Blair
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07:41 EDTDELLRed Hat to hold a summit
Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link

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