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Stock Market & Financial Investment News

News Breaks
March 17, 2014
12:41 EDTKR, WAG, RAI, PM, SWY, WMT, LO, MO, RAD, CVS, VGRTobacco stocks relatively weak after AGs write retailers
Tobacco stocks are trading relatively weaker today after Attorneys General in numerous states encouraged U.S. retailers to follow the example of CVS Caremark (CVS) and stop selling tobacco products in stores that also have pharmacies. WHAT'S NEW: Led by Attorney General Schneiderman and Attorney General DeWine, the Attorneys General of 28 states and territories have written to the CEOs of Wal-Mart (WMT), Walgreen (WAG), Rite-Aid (RAD), Safeway (SWY) and Kroger (KR), asking them to remove any and all tobacco products from their shelves. In addition, 32 Attorneys General have commended CVS Caremark for its recent decision to stop selling tobacco in its stores. PRICE ACTION: At midday, the U.S. equity markets are all up over a percentage point, but shares of Altria Group (MO) and Vector Group (VGR) are trading near the flat-line, Reynolds American (RAI) is down almost 1% , while Lorillard (LO), which was also upgraded by Goldman today, is up 0.6%.
News For MO;PM;VGR;LO;RAI;CVS;WMT;WAG;RAD;SWY;KR From The Last 14 Days
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April 16, 2015
16:21 EDTPMOn The Fly: Top stock stories for Thursday
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15:23 EDTRAINotable companies reporting before tomorrow's open
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13:21 EDTPMPhilip Morris upgraded to Outperform from Market Perform at Cowen
12:37 EDTPMOn The Fly: Top stock stories at midday
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12:12 EDTPMPhilip Morris trades higher post-earnings, levels to watch
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10:04 EDTPMHigh option volume stocks
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09:36 EDTPMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX NEE AMT WFM C PM INTC AA MCD
09:18 EDTPMOn The Fly: Pre-market Movers
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07:07 EDTPMPhilip Morris raises FY15 reported EPS view to $4.32-$4.42 from $4.27-$4.37
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07:04 EDTPMPhilip Morris reports Q1 adjusted EPS $1.16, consensus $1.01
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06:05 EDTWMTFormer Wal-Mart CEO Duke heads to Carlyle Group, WSJ reports
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April 15, 2015
14:32 EDTPMPhilip Morris technical comments before earnings
The shares have been in a downtrend since a recent peak in price back in early November of last year. If the news is more bullish than traders appear to expect, the first level of significant resistance would be at $79.95 which is the 50-day moving average. A move back above that resistance line would see next upside at $81.08 and then at $82.57. Such moves would reverse the shorter-term trend to bullish. If the news continues to disappoint, the 52-week low at $75.27 would be first significant support. Looking at a 5-year chart, the important of the $75 area becomes clear. It was previously a pivot high in January 2012, and then support in early February of last year. A breakdown below this level would therefore have strongly bearish implications, setting a long-term topping process into motion. Support below $75 would be at $72.85.
08:07 EDTPMPhilip Morris April volatility elevated into Q1 and outlook
Philip Morris April call option implied volatility is at 49, May is at 16, June is at 15, September is at 14; compared to its 26-week average of 17 according to Track Data, suggesting large near term price movement into its expected release of Q1 results on April 16.
08:01 EDTLO, RAI, MOU.S. traditional cigarette Q1 outlook strong, says Wells Fargo
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April 14, 2015
18:32 EDTWMTCourt rules Wal-Mart can reject shareholder proposal on gun sales, WSJ says
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12:36 EDTRAI, LO, PM, MOTobacco companies file suit against FDA over labeling guidance, Reuters says
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12:19 EDTLO, RAI, MO, PMTobacco companies file suit against FDA over labeling guidance, Reuters says
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11:07 EDTRADStocks with call strike movement; EBAY RAD
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10:34 EDTRADOptions with decreasing implied volatility
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07:58 EDTRADRite Aid has a conference call hosted by JPMorgan
JPMorgan Analyst Gill will host a conference call with CEO John Standley on April 21 at 1 pm.
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