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Stock Market & Financial Investment News

News Breaks
February 7, 2013
18:59 EDTRVBD, UBTI, LNKD, ETRM, CSTR, MCHP, SPWR, NUAN, ATVIOn The Fly: After Hours Movers
UP AFTER EARNINGS: LinkedIn (LNKD), up 10%... Activision Blizzard (ATVI), up 5.4%... Microchip Technology (MCHP), up 6.5%... Ubiquiti Networks (UBTI), up 8.9%... DOWN AFTER EARNINGS: Nuance (NUAN), down 14.5%... Coinstar (CSTR), down 8.5%... Riverbed (RVBD), down 8.8%... SunPower (SPWR), 5%... ALSO LOWER: EnteroMedics (ETRM), down 51% after its ReCharge trial failed to meet an efficacy endpoint.
News For LNKD;ATVI;MCHP;UBTI;NUAN;CSTR;RVBD;SPWR;ETRM From The Last 14 Days
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August 31, 2015
16:10 EDTLNKDStephens to hold a tour
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11:12 EDTSPWRJPMorgan says buy SunEdison after recent pullback
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August 28, 2015
16:17 EDTATVIOn The Fly: Top stock stories for Friday
Stocks slipped at the open as the futures once again were influenced by the volatile overnight trading session in China. The averages began to recover shortly after the open and turned mixed by midday. Comments from Fed Vice Chairman Stanley Fisher about the central bank being open to a possible rate hike in September took some momentum out of the market. As the volume slowed and the news flow went silent, the volatility increased and the averages headed lower only to rebound before the close, but the trading was still remarkably calm when compared to the wide swings seen in the market in the earlier sessions of this week. ECONOMIC EVENTS: In the U.S., personal income rose 0.4% in July, as expected, with consumer spending up 0.3%, which was below the 0.4% consensus growth forecast. The University of Michigan consumer sentiment reading for August was revised down to 91.9 from the 92.9 preliminary reading, versus expectations for it to be bumped up to 93.0. Baker Hughes reported the U.S. rig count is down 8 rigs from last week to 877. WTI crude oil prices added another 6% today to yesterday's 10% rally, closing at $45.22 a barrel on Friday. U.S. crude closed with a weekly gain of 11.8%, marking its first advance in 10 weeks and best week in six years. The Federal Reserve may still raise its benchmark interest rate in September, Fed vice chairman Stanley Fischer said in an interview with CNBC, noting that Fed committee members "haven't made a decision yet" and have "time to wait and see," because the next policy-making meeting won't happen until the middle of next month. COMPANY NEWS: Shares of cancer drug maker ARIAD (ARIA) surged $2.91, or 41.69%, to $9.89 after Bloomberg reported that industry peer Baxalta (BXLT) is in takeover talks with the smaller company to boost its oncology pipeline. Baxalta, which had recently turned down a merger offer from Shire (SHPG), fell $1.18, or 3.24%, to $35.25 following the report... In other pharmaceutical industry M&A news, Mylan (MYL) shareholders voted to approve the company's proposed acquisition of Perrigo (PRGO) and the related issuance of Mylan ordinary shares. Afterward, Perrigo CEO Joseph Papa said he was confident that most of his company's shareholders believe that Mylan's offer substantially undervalues Perrigo and would dilute its "growth profile and superior valuation"... Video game maker Activision Blizzard (ATVI) and airline owner United Continental (UAL) both advanced sharply, rising 4.62% and 6.93%, respectively, after each had their shares selected to join the S&P 500. Activision will replace Pall Corp. (PLL) in the S&P 500 after the close of trading tonight, while United will replace Hospira (HSP) in the index after the close of trading on Wednesday, September 2. MAJOR MOVERS: Among the notable gainers was Big Lots (BIG), which advanced $6.58, or 15.67%, to $48.58 after the discount retailer reported better than expected quarterly results and lifted its fiscal year guidance. Among the noteworthy losers after their quarterly reports were video game retailer GameStop (GME), which slid $3.71, or 8.03%, to $42.49, and design software and services company Autodesk (ADSK), which fell $2.48, or 4.96%, to $47.52. INDEXES: The Dow fell 11.76, or 0.07%, to 16,643.01, the Nasdaq gained 15.62, or 0.32%, to 4,828.33, and the S&P 500 advanced 1.21, or 0.06%, to 1,988.87.
12:50 EDTATVIOn The Fly: Top stock stories at midday
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12:27 EDTATVIActivision Blizzard volatility flat on addition to S&P 500
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11:16 EDTATVIBattleground: Benchmark says sell GameStop, Piper says bears misguided
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09:23 EDTATVIOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Big Lots (BIG), up 11.1%... Smith & Wesson (SWHC), up 4.8%... Splunk (SPLK), up 3%... Freeport-McMoRan (FCX), up 14.3% after Carl Icahn reported a 8.46% stake in the company... United Continental (UAL), up 5.8% after being added to S&P 500... Activision Blizzard (ATVI), up 5.8% after being added to S&P 500... DOWN AFTER EARNINGS: Violin Memory (VMEM), down 23.9%... bebe stores (BEBE), down 19.8%... Autodesk (ADSK), down 4.2%... Aeropostale (ARO), down 4%. ALSO LOWER: Peabody Energy (BTU), down 6.6% after Moody's downgraded the company to Caa1.
07:43 EDTATVIGameStop bear thesis not playing out, says Piper Jaffray
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August 27, 2015
17:38 EDTATVIS&P announces changes to S&P 500 index
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17:30 EDTATVIActivision Blizzard up 7% to $29.99 after being added to S&P 500
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17:16 EDTATVIActivision Blizzard to replace Pall Corp. in S&P 500 as of 8/28 close
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05:53 EDTMCHPIC demand for notebooks picking up, DigiTimes reports
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August 26, 2015
08:45 EDTMCHPSemiconductor stock risk/reward positive, says Citi
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August 25, 2015
11:41 EDTSPWRSolarCity rises again after Chairman Musk buys shares
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07:15 EDTETRMEnteroMedics announces retirement of CEO Mark Knudson
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August 24, 2015
18:55 EDTNUANOn The Fly: After Hours Movers
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16:46 EDTSPWRPresident Obama announces new renewable energy commitments
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11:09 EDTSPWRGoldman says SolarCity attractive after sharp pullback
SolarCity (SCTY) shares are climbing in the down market after Goldman Sachs contended in a note to investors today that the stock is attractive following its recent sharp retreat, The company probably won't be affected by issues that are causing investors to worry about the solar sector, the firm believes. WHAT'S NEW: Noting that SolarCity's stock had tumbled 27% in the last month before today's open, Goldman Sachs analyst Brian Lee wrote that the shares are being dragged down by worries about financing and cost of capital that are affecting the entire solar sector. However, he contended that these issues are having only a "limited" impact on SolarCity. On August 13, the company successfully sold asset-backed securities and it said that more such sales are likely to occur in the near-term, Lee noted. Meanwhile, SolarCity isn't being affected by the cost of capital increases that other solar companies are experiencing, the analyst reported. Before today's open, the stock was near a two year low, even though SolarCity's fundamentals are still "strong," Lee believes. Additionally, the largest U.S. solar trade show, which is expected to begin on September 14, could boost solar stocks, as it has historically been a catalyst for the sector, the analyst stated. SolarCity may provide guidance about the outlook for its Silevo solar panel manufacturing subsidiary in the second half of 2015, and the guidance could boost the stock, Lee believes. The risk/reward ratio of SolarCity's stock is positive, according to the analyst, who has a Conviction List Buy and $85 price target on the shares. OTHERS TO WATCH: Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunEdison (SUNE), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). PRICE ACTION: In late morning trading, SolarCity advanced 5.3% to $43.18.
08:28 EDTMCHPMicrochip downgraded to Hold from Buy at Drexel Hamilton
Drexel Hamilton downgraded Microchip and lowered its price target to $40 from $48. The firm said reduced business confidence will likely result in continued weakness in orders and visibility
August 21, 2015
06:56 EDTSPWRSolar companies spending $1B in Texas projects, WSJ says
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