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Stock Market & Financial Investment News

News Breaks
November 19, 2012
12:13 EDTARUN, TSN, WMGI, LOW, CSCO, BMTIOn The Fly: Midday Wrap
Stocks on Wall Street were sharply higher at midday as sales of existing homes rose in October and a gauge of homebuilder sentiment climbed to a six-year high in November. Stocks began the session higher as investors appeared to be more optimistic that congressional leaders could agree on compromises to solve the fiscal cliff dilemma. The market picked up momentum shortly after the open following the impressive real estate data. The market has been in a holding pattern for about the last two hours and continues to trade in a narrow range... ECONOMIC EVENTS: In the U.S., the National Association of Realtors said that resales of existing homes climbed 2.1% last month to a seasonally adjusted annual rate of 4.79M units, beating forecasts for sales to have declined 0.2% from the prior month. The housing market index for November, a barometer of homebuilder sentiment, rose to 46, versus expectations for a flat 41 reading... COMPANY NEWS: Lowe's (LOW) reported earnings per share with charges that met expectations and revenue that beat consensus, sending shares up 7%... MAJOR MOVERS: Among the notable gainers was Tyson Foods (TSN), up 8.5% after beating quarterly expectations, raising its regular dividend and declaring a special dividend. Also higher were shares of BioMimetic Therapeutics (BMTI), up 75% after striking a deal to merge with Wright Medical (WMGI). Wright moved lower fractionally following the announcement. Among the other losers was Aruba Networks (ARUN), which retreated a bit over 1% after Cisco (CSCO) bought Meraki, a competitor to Aruba... INDICES: Near noon, the Dow was up 175.09, or 1.39%, to 12,763.40; the Nasdaq was up 50.51, or 1.77%, to 2,903.64; and the S&P 500 was up 22.83, or 1.68%, to 1,382.71.
News For LOW;TSN;BMTI;WMGI;ARUN;CSCO From The Last 14 Days
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February 25, 2015
15:59 EDTARUNAruba Networks moderates after extreme price swings on HP bid news
It was reported by Bloomberg near 3pm ET that Hewlett-Packard (HPQ) was in talks to buy the company. The shares remain up over 20% to $22.13 after hitting an intraday high at $23.49, close to the 52-week high at $23.90. The low to watch as support is at $21.07, the top of the intraday price gap.
15:40 EDTARUNAruba Networks a strong takeout candidate, says Northland
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15:08 EDTARUNRuckus Wireless up 5.5% after report of peer Aruba Networks in takeout talks
15:07 EDTARUNAruba Networks in talks to be acquired by Hewlett-Packard, Bloomberg says
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15:04 EDTARUNAruba Networks jumps 10.5%, halted after report on HP takeover talks
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15:03 EDTARUNAruba Networks in talks to be bought by Hewlett-Packard, Bloomberg says
09:53 EDTCSCOCredit Suisse technology analysts hold an analyst/indusr
Analysts provide takeaways from Qualcomm, Cisco and Arista Networks on an Analyst/Industry conference call to be held on February 25 at 10 am.
09:25 EDTCSCOCisco, Apple among U.S. names cut from China state buying list, Reuters says
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09:24 EDTLOWLowe's expects to report highest comp for FY15 in Q1
Expects higher comps in 1H15 than 2H15. Comments taken from Q4 earnings conference call.
09:18 EDTLOWLowe's expects jobs, incomes, household financial conditions to improve in 2015
The company said key drivers of home improvement spending are real disposable personal income, employment, home prices and housing turnover. It expects stronger income gains, historically low mortgage rates, and moderating home price growth will provide more support to home buying in 2015. Comments taken from slides for Q4 earnings conference call.
08:47 EDTLOWLowe's: Momentum, macro fundamentals aligned for 2015 modestly stronger growth
06:03 EDTLOWLowe's sees FY15 EPS $3.29, consensus $3.28
Sees FY15 total sales to increase 4.5%-5%, consensus $58.52B; Sees FY15 comparable sales to increase 4%-4.5%. The company expects to open 15-20 home improvement and hardware stores in 2015. Sees FY15 earnings before interest and taxes as a percentage of sales to increase 80 to 100 basis points. Sees FY15 effective income tax rate to be approximately 38.1%.
06:02 EDTLOWLowe's reports Q4 EPS 46c, consensus 44c
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February 24, 2015
15:21 EDTLOWNotable companies reporting before tomorrow's open
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12:58 EDTLOWEarnings Preview: Lowe's up over 17% since last earnings report
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February 23, 2015
07:51 EDTLOWLowe's March volatility elevated into Q4 and outlook
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February 22, 2015
18:09 EDTCSCOArista Networks shares could be a bargain, Barron's says
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February 19, 2015
14:38 EDTTSNGovernment panel continues to recommend lean meat, Bloomberg says
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February 17, 2015
11:25 EDTCSCOCisco partners with France to invest $100M in French startups, TechCrunch says
French Prime Minister Manuel Valls announced Monday a partnership with Cisco that will see the company investing $100M in French startups in coming years, reports TechCrunch, citing government statements and remarks by Cisco CEO John Chambers. The partnership also involves collaborating on cybersecurity, "smart" networks and cities, and an education initiative aimed at teaching network infrastructure to 200,000 people. Reference Link
05:52 EDTCSCOSony to establish alliance to promote Ultra HD technology, DigiTimes reports
Sony (SNE) is planning to form an alliance with 10 companies including Cisco (CSCO) and Rohde & Shwarz to boost IP-based Ultra HD video broadcasts, reports DigiTimes. According to industry sources, the alliance named IP Life Consortium will allow TV stations worldwide to set up Ultra HD infrastructure with lower costs. Reference Link
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