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News Breaks | | | | August 31, 2012 | | 12:21 EDT |  | SPLK, LCC, ZUMZ, FB, NAV, AAMRQ | On The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after Fed Chairman Ben Bernanke reiterated his willingness to act as needed to combat the "daunting" challenges facing the U.S. economy. Stocks opened higher in anticipation of Bernanke’s speech in Jackson Hole, Wyoming. Investors generally ignored the economic data that was released during the opening 30 minutes of the trading session. The averages began to weaken, however, following the summary release of the Chairman’s speech, which at first blush looked disappointing. The chairman reasserted that the Fed stood ready with additional tools to help stimulate the economy. Bernanke also defended the current policies, stating both QE1 and QE2 boosted growth by 3.0% and led to 2M new jobs. After a brief dip, the averages regained their footing and then drifted, as they most likely will for the remainder of the pre-holiday session... ECONOMIC EVENTS: Aside from the central bankers' meeting in Jackson Hole, three U.S. economic reports were released. The August Chicago PMI fell to 53.0 from 53.7, as expected. The University of Michigan final reading on August consumer sentiment rose to 74.3 from 72.3 a month ago. Factory orders rose 2.8% in July, topping expectations... COMPANY NEWS: US Airways (LCC) and AMR Corporation (AAMRQ), the bankrupt parent company of American Airlines, entered into a non-disclosure agreement, under which the companies said they would work in close collaboration with AMR's unsecured creditors to evaluate a potential merger. Shares of US Airways rose about 3% following the joint announcement... MAJOR MOVERS: Among the notable gainers were Splunk (SPLK), up 16% after its Q3 revenues came in higher than expected and it raised its full-year sales view, and Navistar (NAV), up over 6% after the EPA issued its Final Rule for nonconformance penalties for on-highway heavy-duty diesel engines. Among the noteworthy losers were Zumiez (ZUMZ), down 11% following its disappointing results and guidance, and Facebook (FB), down over 4% to new lows after a BMO Capital analyst said the company is losing momentum and Merrill Lynch said it expects further selling pressure on shares from multiple coming lock-up expirations... INDICES: Near noon, the Dow was up 76.89, or 0.59%, to 13,077.60; the Nasdaq was up 10.84, or 0.36%, to 3,059.55; and the S&P 500 was up 5.26, or 0.38%, to 1,404.74. | |
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News For LCC;AAMRQ;FB;SPLK;NAV;ZUMZ From The Last 14 Days Check below for free stories on LCC;AAMRQ;FB;SPLK;NAV;ZUMZ the last two weeks. |
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| May 20, 2013 | | 10:52 EDT |  | FB | Facebook near session lows, levels to watch
The stock is drifting lower today, nearing session lows at $25.73. At that price, next support is at $25.33, the 1-month low. Resistance is at $26.25. | | | 08:28 EDT |  | SPLK | Splunk has opportunity to expand market, says Pacific Crest
 Subscribe for More Information | | | 07:00 EDT |  | FB | New Facebook projects probably won't bear fruit soon, AllThingsD says
Subscribe for More Information | | | May 19, 2013 | | 17:10 EDT | | FB | Facebook's Waze deal being held up by move from Israel, NY Post says
Facebook’s negotiations to buy mapping firm Waze are being held up as founders of Waze, based in Israel, are holding out for more money, the NY Post says. Citing sources, the Post says that Waze founders want more money if they are going to be forced to move from Israel to Silicon Valley as part of the deal. Reference Link | | | May 17, 2013 | | 06:51 EDT |  | FB | Facebook volatility at low end of historic range
Subscribe for More Information | | | 06:36 EDT | | FB | Google to add new apps to Google Glass, NY Times says
Subscribe for More Information | | | 05:59 EDT | | LCC | Stocks with implied volatility movement; FXI LCC
Stocks with implied volatility movement; iShares Trust FTSE/Xinhua China 25 Fund (FXI), US Airways (LCC) according to IVolatility. | | | May 16, 2013 | | 08:49 EDT |  | NAV | Navistar sells recreational vehicle business
Subscribe for More Information | | | 08:28 EDT | | AAMRQ | EU to decide on Delta, Virgin deal next month, Reuters reports
EU antitrust regulators will decide by June 20 whether to clear a bid by Delta Air Lines for a 49% stake in Virgin Atlantic, reports Reuters. Reference Link | | | 05:59 EDT | | FB | High tech firms involved in immigration battle, WSJ reports
Subscribe for More Information | | | | 05:57 EDT | | FB | Facebook implied volatility at lower end of index mean range
Subscribe for More Information | | | May 15, 2013 | | 17:46 EDT | | FB | SAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), . | | | 17:03 EDT | | LCC | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). | | | 05:59 EDT | | FB | Corporate boards recruit newcomers with digital knowledge, WSJ reports
Subscribe for More Information | | | May 14, 2013 | | 17:48 EDT | | FB | Lone Pine gives quarterly update on stakes
NEW STAKES: Valeant Pharmaceuticals (VRX), Virgin Media (VMED), Thermo Fisher Scientific (TMO), CME Group (CME), and Liberty Media (LMCA). INCREASED STAKES: Mead Johnson Nutrition (MJN), News Corp (NWSA), Intuitive Surgical (ISRG), Monsanto (MON), and Qualcomm (QCOM). DECREASED STAKES: Cognizant Technology Solutions (CTSH), Equinix (EQIX), Ralph Lauren (RL), Disney (DIS), and Oceaneering International (OII). LIQUIDATED STAKES: Facebook (FB), Crown Castle (CCI), Accretive Health (AH), Informatica (INFA), and NetEase (NTES). | | | 07:17 EDT |  | LCC | BofA/Merrill to host a conference
Subscribe for More Information | | | 06:07 EDT | | FB | AT&T may drop HTC Facebook phone, Bloomberg reports
Subscribe for More Information | | | 05:53 EDT | | FB | Web browsers are being reinvented, WSJ reports
Subscribe for More Information | | | May 13, 2013 | | 12:17 EDT | | FB | Facebook's Waze deal hits snag, BGR reports
Facebook's acquisition of social navigation company Waze has hit some complications, said BGR, citing a report from the Israeli newspaper Calcalist. The main area of contention is Facebook's desire to close Waze’s Israel-based R&D center and transfer several employees to the U.S., the report said. Reference Link | | | 10:38 EDT | | NAV | Oshkosh vehicle design rejected by Pentagon, Defense News says
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