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Stock Market & Financial Investment News

News Breaks
November 30, 2012
14:33 EDTMSFT, RAH, ARO, CAG, GMCRMarket poised to end week little changed despite fiscal cliff impasse
Stocks are set to end the week little changed, as some positive economic data and a new Greek bailout deal helped offset the impact of the continued fiscal cliff stalemate... MACRO NEWS: Greece and its lenders reached a deal that is likely to prevent the country from exiting the euro zone in the near-term... Conversely, a deficit reduction deal between Democrats and Republicans remains elusive, as the parties continue to be at odds over whether to increase tax rates. The GOP yesterday reportedly rejected a deal proposed by the White House that would increase taxes by $1.6T, as the fiscal cliff continues to loom... Third quarter GDP growth was revised up to 2.7%, from 2%, although the consensus estimate was 2.8%. Pending home sales for October and an index of consumer confidence for November beat expectations. On the other hand, personal income for October came in below expectations... COMPANY NEWS: Amid negative reports suggesting that sales of Microsoft's (MSFT) Surface tablet and of its Windows 8 operating system have been lackluster, the company's stock is set to end the week significantly lower... Food manufacturer ConAgra Foods (CAG) agreed to buy one of its competitors, RalCorp (RAH), for $90 per share... Coffee machine maker Green Mountain (GMCR) and apparel retailer Aeropostale (ARO) both reported stronger than expected quarterly results.
News For MSFT;CAG;RAH;GMCR;ARO From The Last 14 Days
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June 19, 2015
08:08 EDTCAGConAgra July volatility elevated into Jana Partners disclosing a 7.2% stake
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08:06 EDTMSFTMicrosoft Azure its key to the cloud, says UBS
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07:51 EDTMSFTGameStop CFO says 'blown away' by Microsoft virtual reality demonstration
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07:20 EDTCAGConAgra board may be reluctant to a break-up, says Deutsche Bank
After JANA Partners reported an activist stake in ConAgra, Deutsche Bank says its sense is that the board is reluctant to breaking up the company's parts. Nonetheless, Deutsche laid out its "optimistic" sum-of-the-parts analysis, which yields a $47 target for the stock. This includes $27 for the Consumer division, $11 for Commercial, $6 for Private Brands and $3 for the Ardent joint venture. The firm raised its price target for ConAgra shares to $38 from $36 and keeps a Hold rating on the name
07:16 EDTCAGConAgra breakup unlikely, says Credit Suisse
Credit Suisse raised Neutral rated ConAgra's price target to $42 from $34 following the announcement of activist investor Jana Partners' 7.2% stake in the company. The firm said ConAgra's enormous debt load from the Ralcorp acquisition limits upside potential from an all-out break up and doubts the Board would consider this option. Credit Suisse believes the most logical recommendation would be to sell the struggling private label business to TreeHouse for $4B in a tax advantaged structure relieving management from the distraction of turning the business around.
06:46 EDTCAGConAgra price target raised to $44 from $37 at Bernstein
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06:22 EDTMSFTMicrosoft to offer more Lumia phones through U.S. carriers, Re/code reports
Microsoft (MSFT) will be offering more of its Lumia smartphones through U.S. wireless carriers, Re/code reports. Beginning next week, the company’s Lumia 640 XL smartphone will be available through AT&T (T) for around $250, the report says. The Lumia 735 will begin selling through Verizon (VZ) at around $200, Re/code reports. Reference Link
06:17 EDTMSFTEU gives Google critics one month to remark on antitrust charges, Reuters says
European Union antitrust regulators have sent copies of their charges against Google (GOOG) to critics of the company and given them a month to comment on the charges, Reuters reports, citing one of the complainants. Google has been accused by many companies of abusing its market power and cheating consumers and rivals by tweaking search results to favor its shopping service, the report says. 19 companies, including Microsoft (MSFT) and TripAdvisor (TRIP), are expected to receive the EU charge sheet, Reuters says. Reference Link
05:55 EDTCAGStocks with implied volatility above IV index mean; THC CAG
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June 18, 2015
19:00 EDTCAGOn The Fly: After Hours Movers
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17:57 EDTCAGJANA prepared to seek three ConAgra board seats
JANA is prepared, if necessary, to nominate Messrs. Alford, Lawrence and Rosenstein for election to ConAgra's board of directors and to participate in the solicitation of proxies in support of the Potential Nominees. JANA believes that the Potential Nominees possess the necessary expertise, experience and focus on shareholder value to help the Board evaluate and address opportunities for shareholder value creation, including but not limited to: undertaking a strategic review of the company’s strategy and corporate structure to determine if its businesses are optimally positioned to succeed, as well as various potential alternative transactions and structures; addressing the company’s operational performance and cost structure; and optimizing the company’s capital allocation policies and capital structure. JANA has requested, however, that the company delay the June 21 deadline to submit notice of stockholder nominations for the company’s 2015 annual meeting of stockholders in order to give the company and JANA more time to have collaborative discussions regarding the steps JANA believes the company should take to maximize shareholder value, as well as why JANA believes stockholders would benefit from the addition of the Potential Nominees to the Board.
16:59 EDTCAGConAgra says 'looks forward to opening discusssions with JANA'
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16:53 EDTCAGConAgra up 6.1% after Jana Partners reports stake, says company is undervalued
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16:52 EDTCAGJana Partners reports 7.2% stake in ConAgra
Jana Partners acquired the shares because they believe the shares are undervalued and represent an attractive investment opportunity. JANA believes that the company has significantly underperformed in shareholder value creation. Most significantly, the acquisition of Ralcorp Inc. in January 2013, which in JANA’s opinion was the most significant recent strategic decision made by the board, has been followed by disappointing performance for shareholders, repeated guidance misses, negative revisions to long term earnings targets, no dividend per share growth, and operating performance challenges. Issues with this acquisition led to the company taking a $1.3B impairment on March 26, after which JANA began purchasing the shares and analyzing opportunities for improved shareholder value creation. JANA believes that in the period since the Ralcorp acquisition, the board has failed to adequately address the shareholder value destruction and persistent underperformance that followed the Ralcorp acquisition.
13:02 EDTMSFTWorldwide wearables market forecast to grow 173.3% in 2015, IDC says
The wearables market maintained its upward trajectory in the first quarter of 2015 as new vendors, including Apple (AAPL), prepared to enter the market. A new forecast from the International Data Corporation, IDC, Worldwide Quarterly Wearable Device Tracker estimates that 72.1M wearable devices will be shipped in 2015, up a strong 173.3% from the 26.4 million units shipped in 2014. Shipment volumes are expected to experience a compound annual growth rate, CAGR, of 42.6% over the five-year forecast period, reaching 155.7M units shipped in 2019. "We expect smart wearables, those capable of running third party apps, to take the lead in 2016," added Ubrani. "Smart wearables like the Apple (AAPL) Watch and Micosoft's (MSFT) Hololens are indicative of an upcoming change in computing, and the transition from basic to smart wearables opens up a slew of opportunities for vendors, app developers, and accessory makers." Other companies that have been mentioned in the wearable tech group include Google (GOOG), GoPro (GPRO) and Fitbit (FIT). Reference Link
08:04 EDTMSFTGoogle accelerating pace of cloud product innovation, says Baird
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06:48 EDTMSFTGoogle, Microsoft, Mozilla announce WebAssembly partnership, TechCrunch says
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06:41 EDTMSFTMicrosoft's Jo Harlow leaves company in realignment, The Verge reports
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06:10 EDTMSFTMicrosoft writedown for Nokia now more likely, says Jefferies
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06:07 EDTGMCRStocks with implied volatility below IV index mean; GMCR SINA
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