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Stock Market & Financial Investment News

News Breaks
April 17, 2012
16:18 EDTFSLR, JNJ, WHR, DTSI, GS, AMTG, SRSL, KOOn The Fly: Closing Wrap
Stocks on Wall Street were significantly higher, as a trio of earnings reports and a boost in the IMF's view of global growth prospects powered the market's rise. Stock futures were higher in pre-market trading on the strength of positive earnings reports from Coca-Cola (KO), Goldman Sachs (GS), and Johnson & Johnson (JNJ). The domestic economic data, which included fewer than expected housing starts and no increase in industrial production, was overshadowed by increased global and U.S. growth forecasts by the International Monetary Fund. With the earnings season beginning in earnest this week, investors appeared bullish about the prospects for solid numbers this quarter, if today's trading is taken as an indication... ECONOMIC EVENTS: In the U.S., housing starts for the month of March decreased 5.8%, versus expectations of an increase of 1%, but the number of building permits issued rose 4.5%, versus expectations of a decrease of 0.7%. Industrial production was reportedly flat in March, versus expectations for a 0.3% increase. Capacity utilization was in line with forecasts at 78.6%. In Europe, a German investor confidence survey was better than expected and Spanish benchmark yields eased back below 6%. Also, the International Monetary Fund said it sees world output growing 3.5% in 2012, raising its projection for United States growth to 2.1%. The IMF also said it sees growth in China slowing to 8.2% and real GDP in the euro area contracting in the first half of 2012 but then recovering... COMPANY NEWS: Coca Cola and Goldman Sachs both reported earnings and revenue that beat the Street's expectations, though Coke saw more of a favorable reaction from investors. Coca Cola shares rose 2.08% to $73.95 after its report, while Goldman fell 0.74% to $116.86. Johnson and Johnson also beat consensus for adjusted earnings, but its revenue came in below forecasts. Shares rose 0.38% to $64.22, making it one of the Dow's laggards during a session that saw all 30 stocks in the index post gains... MAJOR MOVERS: Among the notable gainers were SRS Labs (SRSL), up $2.53, or 36.88%, to $9.39, after agreeing to be acquired by DTS, Inc. (DTSI) in a cash-and-stock transaction valued at $9.50 per share, and First Solar (FSLR), up $2.14, or 10.28%, to $22.96, following its announcement of plans to cut its global workforce by approximately 2,000 positions, or about 30%, in response to conditions in Europe. Noteworthy losers included Apollo Residential Mortgage (AMTG), down $1.37, or 7.16%, to $17.76, after filing to sell 13.9M shares of its common stock, and Whirlpool (WHR), down $3.03, or 4.27%, to $68.00, after the International Trade Commission voted against imposing duties on refrigerators produced in South Korea and Mexico... INDICES: The Dow gained 194.13, or 1.50%, to 13,115.54; the Nasdaq rose 54.42, or 1.82%, to 3,042.82; and the S&P 500 added 21.21, or 1.55%, to 1,390.78.
News For KO;GS;JNJ;SRSL;DTSI;FSLR;AMTG;WHR From The Last 14 Days
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April 8, 2015
14:42 EDTFSLRAnalyst says solar to be disruptive in some markets by 2018
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12:36 EDTGSGoogle, Facebook not discussing Twitter buyout, Re/code reports
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11:07 EDTWHRWhirlpool trades lower after Electrolux warns of lower appliance sales in Q1
Shares of appliance maker Whirlpool (WHR) are trading lower after Swedish home appliances manufacturer Electrolux (ELUXY) said earlier that results for the business area Major Appliances North America will be significantly lower than anticipated in the first quarter. PRICE ACTION: Electrolux shares are lower by almost 8% in late morning trading while Whirlpool shares are lower by 1% to $195.74.
10:26 EDTGSBofA Merill Lynch names De Giorgi, Assef as investment banking co-heads, FT says
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09:23 EDTJNJJohnson & Johnson April volatility elevated into Q1 and outlook
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07:43 EDTFSLRFirst Solar Yield Co. could add $5-$15 per share, says FBR Capital
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07:24 EDTJNJNeurotechnology Industry Organization to hold a conference
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07:22 EDTFSLRSeasonality reason for NJ solar pricing softness, says UBS
UBS said the recent weakness in the New Jersey solar market is due to seasonal factors including a deceleration in the pace of the state's solar renewable target alongside the declining cost structure of solar. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).
07:09 EDTFSLRSolar plus storage to be cheaper than competition in 2018, says Bernstein
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April 7, 2015
10:05 EDTKOOn The Fly: Analyst Initiation Summary
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09:35 EDTKOActive equity options trading on open
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08:11 EDTGSGoldman Sachs, Morgan Stanley estimates raised at Susquehanna
Susquehanna raised its estimates for both Goldman Sachs (GS) and Morgan Stanley (MS) to reflect a strong quarter for FICC driven by interest rate and currency volatility and more stable credit markets as well as better I&L. Susquehanna maintains Neutral ratings on both Goldman Sachs and Morgan Stanley shares.
07:13 EDTDTSIDTS, Inc. should exceed 2015 guidance, says B. Riley
B. Riley has increased conviction DTS, Inc will exceed 2015 guidance following a management meeting last week. The firm believes DTS' emerging technologies have meaningful traction within the CE industry and with current emerging market leaders. Shares are Buy rated with a $41 price target.
06:12 EDTKOCoca-Cola initiated with a Hold at Evercore ISI
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April 6, 2015
18:01 EDTGSCanada GEN Investment to sell 73.39M shares of General Motors to Goldman Sachs
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16:00 EDTKOOptions Update; April 6, 2015
iPath S&P 500 VIX Short-Term Futures down 51c to 24.53. Option volume leaders: AAPL TSLA VZ TWTR BIDU RIG NFLX AMZN KO PBR according to Track Data.
14:34 EDTJNJDepomed price target raised to $30 from $27 at Roth Capital
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12:41 EDTDTSIDTS, Inc. management to meet with William Blair
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09:36 EDTJNJActive equity options trading on open
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06:21 EDTJNJJohnson & Johnson CEO comments on Asia expansion, WSJ reports
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