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Stock Market & Financial Investment News

News Breaks
November 19, 2012
12:13 EDTCSCO, BMTI, ARUN, TSN, WMGI, LOWOn 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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September 3, 2015
06:46 EDTCSCOCisco chairman Chambers still running the show, not CEO Robbins, BI reports
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September 2, 2015
07:54 EDTWMGIWright Medical approval one of two main catalysts, says Leerink
Leerink analyst Richard Newitter views the FDA approval of Augment as one of two main upcoming catalysts for Wright Medical (WMGI). The second is the Tornier (TRNX) deal closing, which the analyst thinks could also occur this quarter. Newitter says an overhang has been removed with the approval and reiterates an Outperform rating on Wright with a $31 price target.
06:07 EDTWMGIPiper sees little upside to Wright Medical target despite FDA approval
Piper Jaffray analyst Matt O'Brien calls news of Wright Medical's regulatory clearance for Augment surprising and "clearly a positive." Most had expected approval to be delayed until the end of 2015, the analyst tells investors in a research note. Nonetheless, O'Brien sees little upside to his price target of $27 and keeps a Neutral rating on Wright. He expects the stock to rally about 10% today on last night's news.
September 1, 2015
19:22 EDTCSCOAmazon, Google, Netflix, others establish alliance to develop new media format
Amazon (AMZN), Cisco (CSCO), Google (GOOG), Intel (INTC), Microsoft (MSFT), Mozilla and Netflix (NFLX) announced the formation of the Alliance for Open Media, "an open-source project that will develop next-generation media formats, codecs and technologies in the public interest." The alliance added that it is committing its collective technology and expertise to meet "growing Internet demand for top-quality video, audio, imagery and streaming across devices of all kinds." The alliance's initial focus is to deliver a next-generation video format that is interoperable and open; optimized for the web; scalable to any modern device; optimized for hardware; capable of highest-quality and real-time video delivery; and flexible for both commercial and non-commercial content, including user-generated content. The initial project will create a new, open royalty-free video codec specification based on the contributions of members, said the group. Additional information on the alliance will be available later this year. Reference Link
18:41 EDTWMGIOn The Fly: After Hours Movers
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16:02 EDTWMGIWright Medical subsidiary receives FDA approval for its PMA for AUGMENT
Wright Medical Group announced that its BioMimetic subsidiary has received an approval order from the FDA for its Premarket Approval Application, or PMA, for AUGMENT Bone Graft. The approval order indicates that FDA determined that AUGMENT Bone Graft is safe and effective as an alternative to autograft for ankle and/or hindfoot fusion indications. Wright can now initiate commercial sale and distribution of AUGMENT Bone Graft in the U.S. The Company continues to anticipate AUGMENT revenue in the U.S. to be in the range of $10M-$12M in the first seven to eight months post-approval.
10:56 EDTCSCORBC Capital to hold a bus tour
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09:34 EDTCSCOActive equity options trading on open
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07:49 EDTCSCOData networking shares should be bought on weakness, says Bernstein
Bernstein says that Cisco (CSCO), Juniper (JNPR), and F5 Networks (FFIV) are down almost 10% recently, although they have "limited exposure" to China, according to the firm. Additionally, even in the face of wider macro economic weakness, Cisco "would still be protected by a positive product cycle momentum," while Juniper would be shielded by "the late cycle nature" of the spending trends of its service provider customers, according to the firm. Bernstein keeps Outperform ratings on all the stocks named.
07:02 EDTLOWAlliance Data business signs agreement with Lowe's Canada
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August 31, 2015
14:05 EDTCSCOApple, Cisco announce partnership for 'fast lane' for iOS enterprise users
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11:03 EDTCSCOEricsson signs OSSii license agreements with Cisco and Tektronix
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August 28, 2015
16:18 EDTCSCOCisco CEO Charles Robbins adopts 10b5-1 trading plan
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07:17 EDTCSCOCoomunication tech stock drop likely a buying opportunity, says Wells Fargo
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August 27, 2015
19:53 EDTTSNMcDonald's, Tyson Foods drop T&S Farm after animal cruelty video, Reuters says
McDonald's (MCD) and Tyson Foods (TSN) terminated a contract with T&S Farm after animal rights activists shot an undercover video showing farm workers engaging in "unacceptable animal treatment", reports Reuters citing Tyson spokesman Worth Sparkman and a statement from McDonald's. Reference Link
August 26, 2015
19:54 EDTTSNJudge overturns roughly $24M in damages against Tyson Foods, Reuters says
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August 25, 2015
09:35 EDTCSCOActive equity options trading on open
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August 24, 2015
16:51 EDTLOWLowe's files automatic mixed securities shelf
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07:49 EDTLOWLowe's share gains accelerating, says Deutsche Bank
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August 21, 2015
12:13 EDTCSCOBrocade soars after Q3 results top estimates
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