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Stock Market & Financial Investment News

News Breaks
August 11, 2014
12:25 EDTKMI, CQB, TSLA, KING, KMP, KMR, EPB, INO, GOGOOn The Fly: Midday Wrap
Stocks on Wall Street opened in positive territory and have remained there throughout the morning. There was little in the way of a catalyst, as the economic calendar was empty, though investors may have been encouraged that there was no breakdown in the ceasefire agreement between Israel and Gaza and no big headlines from the Russia/Ukraine border. Additionally, some may have viewed comments from Fed Vice Chair Fischer as dovish and in support of continued easing. ECONOMIC EVENTS: In the U.S., no significant economic data was released. In prepared comments for a conference, Federal Reserve Vice Chairman Stanley Fischer said rebounds across advanced economies have been disappointing, leading the Fed and other observers to lower their long-term expectations for growth potential in the U.S. COMPANY NEWS: Shares of Kinder Morgan (KMI) advanced 10% after announcing it will consolidate its oil-and-gas holdings into one company by acquiring all of the outstanding shares of a number of its subsidiaries, including Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB). In addition to the rise in the shares of the parent, Kinder Morgan Energy shares rose 19%, Kinder Morgan Management gained 25% and El Paso Pipeline moved up 22%. MAJOR MOVERS: Among the notable gainers was salad and banana producer Chiquita Brands (CQB), which jumped 31% to trade above $13 per share after Cutrale Group and the Safra Group proposed to acquire 100% of the company's outstanding stock for $13 in cash each. Also higher was electric car maker Tesla (TSLA), which rose 5% after Deutsche Bank upgraded the stock to Buy from Hold and raised its price target on the shares to $310 from $220. Among the noteworthy losers was social game maker King Digital (KING), which slid 3% after the stock was downgraded at Pacific Crest to Sector Perform from Outperform. Also lower following their earnings reports were Inovio (INO), which fell over 8%, and Gogo (GOGO), which dropped nearly 6%. INDEXES: Near midday, the Dow was up 51.25, or 0.31%, to 16,605.18, the Nasdaq was up 38.19, or 0.87%, to 4,409.08, and the S&P 500 was up 10.12, or 0.52%, to 1,941.71.
News For KMI;CQB;TSLA;KING;KMP;KMR;EPB;INO;GOGO From The Last 14 Days
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September 8, 2014
07:59 EDTTSLAMorgan Stanley downgrades Auto sector to Cautious, downgrades Ford
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07:07 EDTCQBChiquita Brands provides update to holders
Chiquita Brands announced that it has postponed the Special Meeting of Shareholders to vote on the proposed transaction with Fyffes to October 3. The meeting had been scheduled for September 17. In addition, Fyffes proposes to seek adjournments of the Court Meeting and EGM convened for September 17 and, subject to any direction of the Irish High Court, to reconvene such meetings for October 3. The company also announced Fyffes has granted Chiquita a waiver that permits Chiquita to engage in discussions with the Cutrale Group and the Safra Group. Accordingly, Chiquita has sent a letter to Cutrale / Safra indicating its willingness to offer to Cutrale / Safra the opportunity to conduct focused due diligence and present its final and best offer. Chiquita does not expect to update the market with any further information unless and until the Board has reached a decision on a definitive course of action. In the interim, Chiquita continues to recommend that its shareholders vote "FOR" the Fyffes transaction and the other proposals on the WHITE proxy card.
06:51 EDTTSLATesla head says 'not surprised' if Toyota deal happens, Reuters says
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September 5, 2014
13:00 EDTTSLATesla CEO Elon Musk says stock price is 'kind of high right now'
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12:52 EDTCQBChiquita Brands 'disappointed' with reports issed by proxy advisory firms
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11:51 EDTTSLATesla falls, levels to watch
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09:35 EDTTSLAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA YHOO WFM SLW ABX GOOG FB BIDU
September 4, 2014
19:16 EDTTSLATesla selects Nevada as official site for battery gigafactory
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16:00 EDTTSLAOptions Update; September 4, 2014
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15:08 EDTTSLATesla September volatility low, shares advance into expected giga factory event
Tesla September 5 weekly call option implied volatility is at 47, September and October is at 34, December is at 37; compared to its 26-week average of 47 according to Track Data, suggesting decreasing price September risk.
11:05 EDTINOOptions with increasing implied volatility
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09:35 EDTTSLAActive equity options trading on open
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09:02 EDTINOInovio to list on NASDAQ
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07:14 EDTTSLAElectric cars share of total U.S. market stalled, LA Times reports
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September 3, 2014
16:01 EDTTSLAOptions Update; September 3, 2014
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15:56 EDTTSLATesla picks Nevada for gigafactory, WSJ says
Tesla Motors will announce at a news conference tomorrow that it has selected Nevada for its proposed $5B "gigafactory" battery plant, reported The Wall Street Journal, citing a person familiar with the plans. Reference Link
15:04 EDTTSLATesla said to select Nevada for gigafactory, DJ reports
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13:04 EDTCQBCultrale-Safra says Chiquita, Fyffes 'attempt to mislead' Chiquita shareholders
Cutrale-Safra stated that they believe yesterday's communications by Chiquita Brands International and Fyffes plc are further evidence of both Chiquita's fear that its own shareholders prefer the Cutrale-Safra compelling $13 per share cash certain proposal to Chiquita's proposed business combination with Fyffes, and Chiquita's own recognition of the risks inherent in this combination. Chiquita and Fyffes now want Chiquita shareholders to ignore facts, and instead put their faith in the speculative future performance of Chiquita-Fyffes. Simply put, Cutrale-Safra will not pay for speculative future performance. The choice for Chiquita shareholders is simple. By voting with Cutrale-Safra on the GOLD proxy card, Chiquita shareholders are asking the Chiquita board to pursue a riskless option to explore a $13 per share, all-cash transaction. In Cutrale-Safra's view, Chiquita and Fyffes attempt to mislead Chiquita shareholders in several ways. By voting with the Chiquita board on its proxy card for the Chiquita Fyffes combination, Chiquita shareholders are supporting a transaction that the investment marketplace, after months of publicly available information, has valued at materially less than Chiquita's premerger price of $10.84.
12:02 EDTTSLATesla hits fresh life high, and then turns lower
The shares have gone negative on the day after hitting a high of $288 earlier in the session, which is a fresh life high for the stock. That high did not hold for long, with price now at $281.92. A look at a 5-day chart shows what is a relatively characteristic behavior for the shares. It tends to advance by gaps, consolidates, and then gaps higher the following session and in the process creates bear traps. On a longer-term time frame it would take a breakdown below the prior session gap at the $275 area for the shares to be in any sort of real technical trouble. Resistance is at $284.12, the prior day close.
09:36 EDTTSLAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA TWTR PBR C GILD NFLX FB BIDU
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