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Stock Market & Financial Investment News

News Breaks
December 26, 2012
16:21 EDTRIMM, KORS, GOL, COH, MED, AEO, MRVLOn The Fly: Closing Wrap
Stocks on Wall Street were lower on the day amid reports indicating that this season's holiday season may have been weaker than expected. MasterCard's SpendingPulse unit estimated that spending between October 28 and Christmas Eve rose just 0.7% from a year ago. Data from Consumer Growth Partners indicated a 2.8% sales increase for the holiday period, which would equate to the worst holiday-shopping season growth since 2009... ECONOMIC EVENTS: In the U.S., the S&P/Case-Shiller index of property values in 20 cities increased 4.3% in October from a year ago, versus expectations for a 4% gain. The Richmond Fed December manufacturing survey fell to 5 from a prior reading of 9. Analysts had forecast a drop to a reading of 8. In Europe, most markets were closed. Asian markets, particularly Japan's, traded broadly higher for a second-straight session, as the official appointment of Shinzo Abe as Japan's prime minister continued to drive down the Yen and lift Tokyo-traded share prices... COMPANY NEWS: A jury ordered Marvell Technologies (MRVL) to pay $1.17B in a patent case with Carnegie Mellon University. The Wall Street Journal first reported the news, and a later report by the Pittsburgh Post-Gazette said that if Marvell is found to have willfully violated the patent, the damages due to Carnegie Mellon could triple. Shares of Marvell traded sharply lower following the news, eventually settling down 85c, or 10.30%, to $7.40 on the session... Retail and apparel makers' stocks slid after reports indicated that holiday sales were likely weaker than expected. Among the worst performing retail stocks were Coach (COH), down $3.39, or 5.89%, to $54.13, Michael Kors (KORS), down $3.54, or 6.61%, to $50.03, and American Eagle Outfitters (AEO), down 84c, or 4.10%, to $19.65... MAJOR MOVERS: Among the notable gainers was GOL Linhas (GOL), a low-cost airline in Latin America which saw its U.S. listed shares gain 53c, or 9.09%, to $6.36 after the company announced late Friday that it has segregated the activities of its "Smiles" loyalty program, a business unit it previously said may be put up for an initial public offering. Also higher were shares of Research in Motion (RIMM), up $1.22, or 11.45%, to $11.82 after shares had lost nearly 25% in the two sessions following the release of its Q3 earnings after the close last Thursday. Among the noteworthy losers was Medifast (MED), down $3.86, or 13.15%, to $25.50 after the company's acting CFO resigned... INDICES: The Dow was down 24.49, or 0.19%, to 13,114.59; the Nasdaq was down 22.44, or 0.74%, to 2,990.16; the S&P was down 6.83, or 0.48%, to 1,419.83.
News For MRVL;COH;KORS;AEO;GOL;RIMM;MED From The Last 14 Days
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June 30, 2015
09:13 EDTCOH, KORSCowen lowers handbag estimates, calls Kate Spade favorite name in space
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June 29, 2015
08:01 EDTMRVLMarvell's IoT platform selected by iHome
Marvell announced that SDI Technologies has selected Marvell's EZ-Connect IoT platform and SDK to power its iHome iSP5 SmartPlug.
June 25, 2015
08:19 EDTMRVLCiti names Rambus top buy in Specialty Semiconductors
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June 24, 2015
09:11 EDTAEOAmerican Eagle says environment continues to be highly promotional
Says "pleased" with 1H15 results. Says has seen "good" sequential improvement starting from 2H14 through 1Q15 and 2Q15. Says environment continues to be highly promotional, but seeing strength across all categories and regions. Says leveraging mall traffic, says AUR continues to grow, as well as unit volume. Sees room for improved merchandise margins in 2H. Sees continued EPS growth in 2H. Says "very" optimistic going into 2H. Comments made at the Oppenheimer Annual Consumer Conference.
09:04 EDTAEOAmerican Eagle repeats Q2 EPS view 11c-14c, consensus 14c
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June 23, 2015
14:38 EDTMEDMedifast reaffirms FY15 EPS guidance of $1.85-$1.95, consensus $1.80
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14:36 EDTMEDMedifast reaffirms Q2 EPS guidance of 47c-50c, consensus 48c
Reaffirms Q2 revenue guidance of $72M-$74M, consensus $73.05M.
07:15 EDTAEOOppenheimer to hold a conference
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05:59 EDTKORSStocks with implied volatility below IV index mean; DE KORS
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June 22, 2015
19:11 EDTGOLGOL Linhas reports May domestic load factor 77%
GOL Linhas Aereas Inteligentes S.A. announces its preliminary air traffic figures for May. The domestic load factor in May was 77.0%, up 1.6 p.p. year-over-year. For the first five months of 2015 and in the last 12 months, or LTM, the rate was 78.7%, an increase of 2.2 p.p. and 4.3 p.p, respectively. Domestic demand in May increased by 4.3% year-over-year. From January to May 2015 and in the LTM, domestic demand rose 4.7%, and 5.4%, respectively, compared to the same periods in 2014. Domestic capacity rose 2.2% in May and 1.8% in 2015. In the LTM, supply dropped 0.4% compared to the same period of 2014. GOL reaffirms its zero growth guidance for 2015. International demand in May grew 3.4%, leading to a load factor of 67.3% representing a decline of 0.7 p.p. versus May 2014. For the year, demand increased 14.1% and in the LTM, the expansion was 21.8% compared to the same periods in 2014. The number of passengers transported totaled 3.1M in May, 16.5M in the year to date and 40.1M in the LTM. The fares charged in May remained at stable levels over April.
07:38 EDTGOLGogo wins Latin-American contract, price target raised to $26 at UBS
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