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Stock Market & Financial Investment News

News Breaks
April 3, 2014
11:13 EDTADI, URS, ACTG, PGR, LQDTHigh option volume stocks: LQDT ACTG ADI PGR URS
News For LQDT;ACTG;ADI;PGR;URS From The Last 14 Days
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February 4, 2016
11:15 EDTADIBroadcom, Analog Devices seen as beneficiaries of cellular/Wi-Fi convergence
Shares of three companies involved in cellular and Wi-Fi technology -- Broadcom Limited (AVGO), Analog Devices (ADI), and Microsemi Corporation (MSCC) -- are all trading higher after a Sterne Agee research note suggested they would benefit from a trend toward the convergences of the two communications technologies. WHAT'S NEW: On February 3, Qualcomm (QCOM) and Deutsche Telekom (DTEGY) announced that, through the aggregation of licensed and unlicensed spectrum bands, recent testing demonstrated the ability of LTE Licensed-Assisted Access, or LAA, to extend coverage and increase network capacity, while delivering seamless mobility, and ensuring a fair coexistence with Wi-Fi in unlicensed spectrum. "LAA is one of the key technologies that will help satisfy the increasing demand for data and better mobile connectivity," said Deutsche Telekom Chief Technology Officer Bruno Jacobfeuerborn. "The trial will help the wireless ecosystem and key stakeholders verify and experience the benefits of LAA first hand." WHAT'S NOTABLE: Sterne Agee CRT analyst Douglas Freedman believes the line between cellular and Wi-Fi is likely to blur, pointing to the Qualcomm-Deutsche Telekom partnership as an example of this technology trend. Freedman said three stocks that could benefit from the shift are Broadcom Limited, given its premium RF filtering and Wi-Fi connectivity solutions, Analog Devices, because of its increased data converter content in small cell applications, and Microsemi Corporation, due to its Wi-Fi access point and timing enablers. The firm has Buy ratings on all three stocks. PRICE ACTION: In late morning trading, Broadcom was trading higher by 2.2%, Analog Devices was up fractionally and Microsemi rose 1%.
09:18 EDTADISterne Agee CRT names three winners from convergence of cellular, Wi-Fi
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07:14 EDTLQDTLiquidity Services remains cautious for FY16 outlook
Cites the changing mix and volume of supply in our DoD and commercial business, in part due to lower commodity prices and macro weakness in the energy sector. The company adds, "While we anticipate a benefit to earnings in FY16 compared to FY15 from the sale of the Jacobs Trading business, client engagements and the mix of property received under select retail client programs are unpredictable, resulting in lower supply and lower per unit prices in certain categories. In the longer term, we expect our business to benefit from: innovative new service capabilities and more efficient business operations from our LiquidityOne investment program; improved monetization of our buyer base through the deployment of our new integrated marketplace system and data warehouse; increased outsourcing of reverse supply chain activities in response to our new model and the rise of e-commerce and sustainability programs; and (iv) increased brand recognition as a market leader due to our proven track record, innovative scalable solutions and the ability to make a strategic impact in the reverse supply chain."
07:14 EDTLQDTLiquidity Services says difficult to forecast sales as DoD business seen changes
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06:59 EDTLQDTLiquidity Services reports Q1-end registered buyers 2.88M
Reports Q1-end auction participants 561K. Reports Q1 completed transactions 133K.
06:58 EDTLQDTLiquidity Services sees Q2 adjusted EPS (11c)-0c, consensus 3c
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06:57 EDTLQDTLiquidity Services: Q1 dampened by lower commodity prices
The company commented, "Our Q1 results were dampened by lower commodity prices which have adversely affected the pricing and volume of transactions in our DoD and capital assets marketplaces. However, we continue to expand our commercial and municipal government client base as our marketplace and integrated services are highly relevant to organizations seeking to manage total supply chain costs in the current business climate. We also continued to make progress on the design and build of our LiquidityOne platform to provide customers the next generation of cloud based marketplace, analytics and returns management solutions. We are testing our new product and service capabilities with customers and are excited by the initial feedback and the new opportunities we are uncovering to grow our business over the long term."
06:56 EDTLQDTLiquidity Services reports Q1 EPS (17c), consensus (5c)
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February 1, 2016
10:08 EDTPGRHigh option volume stocks
High option volume stocks: NOK HLT NCLH DF GALE VMW DPS SYY SYMC PGR
January 29, 2016
11:33 EDTPGRProgressive appoints Steve Broz Chief Information Officer
The Progressive Corporation announced Steve Broz as its new Chief Information Officer following the previously announced retirement of Ray Voelker. Voelker retired after 30 years at Progressive, including 15 as Chief Information Officer. Broz was as a key member of Voelker's senior leadership team heading up the technology group's Enterprise Project Management Office.
January 27, 2016
08:28 EDTPGRProgressive reports Q4 EPS with gains 56c, may not compare to consensus 47c
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08:25 EDTPGRProgressive reports December EPS 24c
Reports December net premiums written down 11% to $1.392B and net premiums earned down 9% to $1.604B.
January 26, 2016
14:32 EDTPGRNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Novartis (NVS), consensus $1.18... Boeing (BA), consensus $1.26... United Technologies (UTX), consensus $1.52... Biogen (BIIB), consensus $4.08... EMC (EMC), consensus 65c... General Dynamics (GD), consensus $2.38... Anthem (ANTM), consensus $1.22... Illinois Tool Works (ITW), consensus $1.21... State Street (STT), consensus $1.18... Norfolk Southern (NSC), consensus $1.24... Progressive (PGR), consensus 47c... St. Jude Medical (STJ), consensus $1.01... Rockwell Automation (ROK), consensus $1.33... Textron (TXT), consensus 83c... Hess (HES), consensus ($1.47)... Cliffs Natural (CLF), consensus (26c).

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