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Stock Market & Financial Investment News

News Breaks
August 8, 2014
16:28 EDTIRG, TKMR, POST, MCD, NVDAOn The Fly: Closing Wrap
Stocks began the session in positive territory despite President Obama authorizing air strikes against the Islamic State militant group in northern Iraq in conjunction with a humanitarian effort. The early move higher stalled but the market then moved higher as reports confirmed that Russian military aircraft exercises near the Ukraine border had ended, as planned. ECONOMIC EVENTS: In the U.S., productivity growth rose 2.5% in the second quarter, beating expectations for a rise of 1.6%. Second quarter unit labor costs, however, only increased 0.6%, which was below the 1% consensus forecast. Wholesale inventories increased 0.3% in June, and sales were up 0.2%, which were both below expectations. COMPANY NEWS: Shares of McDonald's (MCD) were fractionally higher despite the company reporting that its comparable store sales fell 2.5% in July, which was significantly worse than expected. The fast food giant stated that its U.S. comparable sales were down 3.2% in the month compared to the same month of last year and that comp sales in Asia/Pacific, Middle East and Africa dropped 7.3%. The APMEA region's comparable sales decline reflects the impact of food quality and safety issues at a supplier to McDonald's and other food companies in China which caused a "significant negative impact" to results in China, Japan and certain other markets, the company noted. As a result of the China supplier issue, the company's previously issued global comparable sales forecast for 2014 is now at risk, McDonald's added. MAJOR MOVERS: Among the notable gainers was chip maker NVIDIA (NVDA), which rose $1.54, or 8.82%, to $19.00 after the company’s second quarter profit and third quarter revenue outlook surpassed analysts’ consensus estimates. Also higher was small-cap Tekmira Pharmaceuticals (TKMR), which jumped $6.43, or 45.06%, to $20.70 after announcing that the FDA has verbally confirmed they have modified the full clinical hold placed on the TKM-Ebola Investigational New Drug Application to a partial clinical hold. Among the noteworthy losers was cereal maker Post Holdings (POST), which fell $7.08, or 15.91%, to $37.43 and was downgraded to Neutral from Buy at SunTrust after the company reported an adjusted net loss for its third quarter and agreed to acquire American Blanching Company for $128M. Also lower were shares of Ignite Restaurant (IRG), the owner of the Joe’s Crab Shack and Macaroni Grill brands, which fell $4.33, or 34.98%, to $8.05 after reporting second quarter results that missed analysts' expectations and having its shares downgraded at Raymond James and CL King. INDEXES: The Dow advanced 185.66, or 1.13%, to 16,553.93, the Nasdaq gained 35.93, or 0.83%, to 4,370.90, and the S&P 500 rose 22.02, or 1.15%, to 1,931.59.
News For MCD;TKMR;NVDA;POST;IRG From The Last 14 Days
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March 23, 2015
10:00 EDTNVDAOn The Fly: Analyst Downgrade Summary
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09:28 EDTNVDAOn The Fly: Pre-market Movers
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06:09 EDTNVDANVIDIA downgraded to Sell from Neutral at Goldman
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March 20, 2015
16:00 EDTMCDOptions Update; March 20, 2015
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06:17 EDTTKMRTekmira 7.5M share Secondary priced at $20.25
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March 19, 2015
09:20 EDTTKMROn The Fly: Pre-market Movers
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March 18, 2015
18:32 EDTTKMROn The Fly: After Hours Movers
UP AFTER EARNINGS: Guess (GES), up 12.4% after reporting fourth quarter results and guidance... Shoe Carnival (SCVL), up 10%... NQ Mobile (NQ), up 9.1%... Tilly's (TLYS), up 1.3%... Cintas (CTAS), up 1.3% after reporting quarterly results and raising fiscal 2015 guidance. DOWN AFTER EARNINGS: Williams-Sonoma (WSM), down 4.1%... Jabil Circuit (JBL), down 1.8%... Juno Therapeutics (JUNO), down 3.3%. ALSO LOWER: Concert Pharmaceuticals (CNCE), down 4.4% after filing to sell common stock... Tekmira Pharmaceuticals (TKMR), down 3.7% after filing to sell 6M shares of common stock.
16:19 EDTTKMRTekmira files to sell 6M shares of common stock
Leerink Partners LLC and RBC Capital Markets LLC are acting as joint lead book-runners for the offering. Nomura is acting as a book-runner for the offering. Co-managers for the offering are: JMP Securities, Wedbush PacGrow Life Sciences and Lazard Frères & Co.
11:14 EDTPOSTPost reaffirms MOM Brands acquisition immediately accretive
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06:27 EDTNVDATesla CEO calls autonomous cars 'solved,' says Tesla will be leader, WSJ says
Tesla (TSLA) CEO Elon Musk believes self-driving cars are "a solved problem... we know exactly what to do and we will be there in a few years," reports the Wall Street Journal, citing statements given at the Nvidia (NVDA) graphical processor conference Tuesday. Musk added that "I think [Tesla] will be the leader in autonomous cars that you can actually buy." The Journal notes that Nvidia will make its autonomous car development platform available in May to researchers and car makers. Reference Link
March 17, 2015
15:01 EDTNVDANVIDIA introduces new GPU called Titan X, says Raymond James
Raymond James said NVIDIA introduced its new GPU called Titan X at the 2015 GPU Technology Conference, with two or three more announcements expected to be made. The firm believes the company's position continues to strengthen as it moves into all segments of computing from smartphones to supercomputers and becomes less tied to consumer PCs. Shares are Strong Buy rated.
14:10 EDTNVDATesla CEO says will put a lot of effort into autonomous cars
The Tesla CEO Elon Musk is speaking at NVIDIA’s 2015 GPU Technology Conference.
14:00 EDTNVDATesla CEO sees NVIDIA technology aiding future of autonomous driving
The Tesla CEO Elon Musk is speaking at NVIDIA’s 2015 GPU Technology Conference.
13:50 EDTNVDANVIDIA's Drive-PX will bring deep learning to ADAS
13:29 EDTNVDANVIDIA targets may to start shipping Digits DevBox
Comments from NVIDIA’s 2015 GPU Technology Conference.
12:31 EDTNVDANVIDIA introduces 'Titan X' GPU at technology conference
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12:17 EDTNVDANVIDIA CEO confirms plans to unveil new GPU at conference
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06:46 EDTMCDMcDonald's burn complaints to focus on corporate reponsibility, WSJ says
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06:06 EDTMCDMcDonald's employees file complaints of burns, injuries, LA Times says
McDonald's employees have filed complaints against 28 McDonald's locations -- including nine owned by the corporation itself -- alleging they received burns on the job, reports the LA Times, citing statements by union-backed group Fast Food Forward. The complaints were lodged with the Occupational Safety and Health Administration and claim that greasy floors, lack of staff, and an extremely fast-paced environment elevate the risk of injury in McDonald's restaurants. Reference Link
March 16, 2015
11:33 EDTNVDANVIDIA volatility increases into investor meeting
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