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Stock Market & Financial Investment News

News Breaks
May 28, 2014
09:19 EDTQIHU, FORM, WDAY, DDD, TWTR, BEE, PDH, DSW, KORS, ACUR, TOLOn The Fly: Pre-market Movers
HIGHER: Workday (WDAY), up 4% after reporting a lower than expected Q1 loss, higher than expected revenue... Toll Brothers (TOL), up 3.7% after reporting Q1 earnings which beat analyst's consensus... Twitter (TWTR), up 3% after upgraded at Nomura... Qihoo 360 (QIHU), up 3% after reporting Q1 results which surpassed analyst's anticipations... PetroLogistics (PDH), up 9.7% after agreeing to be acquired by Flint Hills for $14.00 per unit... FormFactor (FORM), up 11.1% after upgraded at B. Riley following raised revenue guidance. DOWN AFTER EARNINGS: Michael Kors (KORS), down 0.8% despite reporting better than expected Q4 EPS, revenues... DSW (DSW), down 21% after Q1 earnings, FY14 outlook miss expectations... ALSO LOWER: 3D Systems (DDD), down 6% after 5.95M share spot secondary offering priced at $53.25 per share... Acura Pharma (ACUR), down 16.7% after downgraded at MLV & Co. following the announcement that the FDA advised the company that the data from the AP-ADF-301 for AVERSION hydrocodone bitartrate with acetaminophen product candidate are insufficient to support an intranasal abuse deterrence claim... Strategic Hotels (BEE), down 5.9% after 36M share secondary offering priced at $10.50 per share.
News For KORS;TWTR;QIHU;DSW;DDD;TOL;PDH;WDAY;ACUR;BEE;FORM From The Last 14 Days
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July 22, 2015
06:12 EDTTWTRHerbalife requests user information from Twitter, Reuters reports
Herbalife (HLF) has filed a petition seeking information from Twitter (TWTR) to find an anonymous user who posted defamatory tweets against Herbalife, Reuters reports. Herbalife wants Twitter to provide IP addresses as well as account details of the user so that the company can pursue legal action, the report says. Reference Link
July 21, 2015
09:14 EDTFORMFormFactor remains a premium takeover target, says Summit Research
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July 20, 2015
10:00 EDTBEEOn The Fly: Analyst Downgrade Summary
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09:13 EDTBEEStrategic Hotels downgraded to Hold from Buy at Evercore ISI
06:06 EDTTWTRStocks with implied volatility above IV index mean; XOMA TWTR
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July 17, 2015
16:41 EDTTWTRStocks end week higher as Google, Greece bring out the buyers
Stocks ended the week higher and the major averages are back at record highs after Iran agreed to a nuclear deal, Greece's parliament paved the way for the country to receive another bailout by agreeing to new austerity measures and Google (GOOG) gave investors hope that earnings from tech's other heavyweights will be similarly better than expected. MACRO NEWS: In the U.S., retail sales unexpectedly fell 0.3% in June, versus the consensus forecast for growth of 0.3%. The producer prices index showed prices rose 0.4% in June, versus expectations for an increase of 0.2%. The consumer price index rose a seasonally adjusted 0.3% in June from a month earlier, matching the consensus forecast. Compared with last year, consumer prices rose 0.1%, marking the first annual increase since December. Housing starts rose 9.8% to a 1.17M rate in June and building permits rose 7.4% to a 1.34M pace, both of which topped expectations. The NAHB homebuilder sentiment index for July came in at 60, a point better than forecast. The University of Michigan's consumer sentiment reading dropped to 93.3 in the preliminary July figure, which was below the 96.0 reading that was expected. During testimony before Congress, Federal Reserve Chair Janet Yellen stayed on message, stating that the central bank is on track to raise record-low interest rates this year, so long as the labor market and the economy keep improving... In China, exports rose 2.1% from a year earlier during June and imports dropped 6.7%, leaving a trade surplus of $45.8B for the month, the nation's customs administration reported. The nation's GDP was reported to have grown 7% in the second quarter from a year earlier, beating the consensus expectation for growth of 6.8%... In Europe, Greek lawmakers passed the country's austerity agreement and Euro-area finance ministers reportedly agreed in principle to extend a bridge loan to Greece. The loan should help keep Greece afloat while its Prime Minister negotiates the details of the country's latest bailout... Iran reached a deal on restrictions and inspections intended to prevent it from developing nuclear weapons in exchange for the lifting of economic sanctions by six world powers. The agreement still faces a political fight in the U.S. before taking effect, but President Barack Obama has vowed to veto any congressional effort to block its implementation. COMPANY NEWS: Class A shares of Google (GOOG, GOOGL) surged at the end of the week after the search giant reported better than expected revenues and earnings in the second quarter. Research firms all over Wall Street raised their price targets on the stock in the wake of the report... Netflix (NFLX) rallied to a split-adjusted all-time high after the streaming service operator reported stronger than expected second quarter results, including higher than expected Q2 subscriber metrics, prompting a large number of research firms to raise their price targets on the stock... Many of the nation's largest banks reported on their results in the second quarter this week. JPMorgan (JPM), Bank of America (BAC) and Citigroup (C) all posted quarterly profits, excluding certain items, that beat the average estimates of analysts. Wells Fargo (WFC) reported earnings in-line with consensus estimates and revenue somewhat below expectations, while Goldman Sachs (GS) reported headline earnings that appeared to fall far short of the consensus forecast. However, that was due to Goldman's nearly $1.5B in provisions for litigation and regulatory matters. Excluding those provisions, the bank's earnings were ahead of consensus... On the M&A front, Receptos (RCPT) advanced after Celgene (CELG) announced a deal to buy the smaller drugmaker for $232 per share in cash, or a total of about $7.2B net of cash acquired. A number of research firms applauded the deal, especially noting the price Celgene agreed to pay, but cautioned that a rival bidder may still emerge for Receptos. Marathon Petroleum (MPC) gained after MPLX (MPLX), the company's fee-based master limited partnership, agreed to acquire MarkWest Energy (MWE) in a cash and stock deal that implies a total enterprise value for MarkWest of approximately $20B, including the assumption of debt of approximately $4.2B. Micron (MU) rose after The Wall Street Journal reported that China's state-owned Tsinghua Unigroup had offered to acquire the memory chip maker for $23B, or $21 per share... Shares of Twitter (TWTR) spiked Tuesday morning after a questionable takeover report was published on a website that mimicked, but had a different web address, than Bloomberg News. A Bloomberg spokesman said soon afterward that the Twitter takeover story being attributed to the news service was a fake, while a Twitter spokesperson also denied the report of an alleged deal... Macy's (M) jumped after Starboard CEO Jeffrey Smith called the stock his "best idea" for 2015, adding that the shares could be worth $125 each if the company takes steps to maximize the value of its real estate holdings. Amazon (AMZN) announced it sold more units on its first "Prime Day" than the biggest Black Friday ever and had more new members try its Prime service worldwide than any single day in company history. The e-commerce giant noted that its worldwide order growth increased 266% over the same day last year and 18% more than Black Friday 2014, adding that it will "definitely be" doing another Prime Day in the future. A number of semiconductor equipment stocks, including Applied Materials (AMAT) and Lam Research (LRCX), dropped after Intel (INTC) cut its capital expenditures guidance while reporting on its quarterly results. INDEXES: For the week, the Dow gained about 1.05% to close at 18,086.45, the Nasdaq advanced about 3.37% to close at 5,210.14, and the S&P 500 rose about 1.67% to close at 2,126.64.
12:12 EDTTWTRStocks with call strike movement; TWTR MU
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July 16, 2015
13:38 EDTTWTRTwitter's head of communications Stricker to leave company, Re/code reports
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11:27 EDTDDDPiper ups Voxeljet despite caution after 3D printing survey
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11:20 EDTTWTRTwitter's TweetDeck says 'working on a fix' for issues
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10:00 EDTKORSOn The Fly: Analyst Downgrade Summary
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09:21 EDTKORSMichael Kors downgraded to Mixed from Positive at OTR Global
OTR Global downgraded Michael Kors to Mixed following checks that indicate U.S. Department Store sales are below goals and feedback that popularity is waning due to over distribution.
06:18 EDTDDDPiper's 3D printing survey 'discouraging again'
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05:36 EDTDDDvoxeljet upgraded to Overweight from Neutral at Piper Jaffray
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July 15, 2015
16:00 EDTTWTROptions Update; July 15, 2015
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15:24 EDTFORMFormFactor weakness presents buyback opportunity, says Summit Research
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13:52 EDTTWTRSoftbank COO says would be interested in Twitter 'at right price,' Fortune says
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12:18 EDTTWTRTwitter rolls out data dashboard for all users
In a blog post the company said: "Today, we’re continuing to roll out to all users the Twitter data dashboard — a new tool to help you monitor and manage your account....Now, your Twitter data dashboard — which you can access from the settings menu on twitter.com — shows your account activation details, the devices that have accessed your account and your recent login history. With this information, you can quickly review your account activity and verify that everything looks the way it should." Reference Link
11:24 EDTKORSStocks with call strike movement; AAL KORS
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06:29 EDTTWTREvan Williams would leave Twitter board if 3 former CEOs not preferred, WSJ says
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