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Stock Market & Financial Investment News

News Breaks
July 17, 2014
09:15 EDTOIS, BNFT, OWW, MS, DRC, SIEGY, SNDK, DRQ, MSFT, YUM, MATOn The Fly: Pre-market Movers
HIGHER: Dresser-Rand (DRC), up 15.5% after Manager Magazin says Siemens (SIEGY) preparing bid for the company. Other oil equipment companies with a market cap similar to Dresser-Rand's include Dril-Quip (DRQ) and Oil States (OIS)... Microsoft (MSFT), up 3.4% after announcing restructuring, including plans to cut up to 18K jobs. UP AFTER EARNINGS: Morgan Stanley (MS) up 1.5%... Sherwin-Williams (SHW), up 3%. DOWN AFTER EARNINGS: Mattel (MAT), down 7.3%... Sandisk (SNDK), down 7%... Yum! Brands (YUM), down 2.5%. LOWER: Orbitz (OWW), down 3% after results, 34M share spot secondary offering of stock priced at $8.25... Benefitfocus (BNFT), down 1% after 2.5M share Secondary priced at $38.50.
News For MSFT;DRC;OIS;DRQ;MS;MAT;SNDK;OWW;YUM;SIEGY;BNFT From The Last 14 Days
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February 20, 2015
06:40 EDTOISOil States downgraded to Neutral from Outperform at Credit Suisse
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February 19, 2015
11:30 EDTOISOil States sees Q1 offshore revenue $185M-$200M, well services $152M-$162M
Oil States guided to Q1 revenues in its offshore product segment to range between $185-$200M. The company estimates that Q1 revenue for the well site services segment will range between $152M-$162M, it stated on the call. Q1 revenue consensus for Oil States is $431.66M. The company noted that its view is the result of a slow-down in service work and discretionary spending on the part of its customers, along with backlog cancellations and lower backlog levels overall. Imbedded in the guidance is the expectation of lower land drilling rig utilization, which is forecasted to average 50% in the first quarter, coupled with reduced activity levels in its completion services operations given material declines in the horizontal rig count. "While Oil States remains well positioned with our product and service offerings across our business lines...clearly we are not immune to the market conditions under which we currently operate. And in anticipation of the materially lower activity level, we proactively began addressing our cost structure late in 2014 by reviewing head count requirements, pay structures, controlling discretionary spending for both capital and operating items and negotiating price decreases with our vendors. These steps will continue well into 2015 as we gain better visibility on current market conditions and the duration of this week commodity price environment," the company stated during the call.
06:47 EDTMSReport shows subprime consumer loans at pre-2007 levels, WSJ says
Equifax (EFX) has released a report stating nearly 40%, or 50M, of auto loans, credit cards, and personal loans during the first 11 months of 2014 were made to subprime customers, the highest levels since the 2007 financial crisis, reports the Wall Street Journal. LendingTree (TREE) Chief Marketing Officer Gabriel Dalporto attributes the growth to nonbank lenders under less regulatory scrutiny than large banks. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:28 EDTMSAuthorities investigating possible hack in Morgan Stanley leak, WSJ says
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February 18, 2015
17:04 EDTOISOil States reports Q4 EPS $1.09, consensus 99c
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16:27 EDTMSFTiPass announces Wi-Fi agreement with Microsoft
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10:18 EDTMSFTInterDigital drops after reportedly lossing appeal in patent case
Shares of InterDigital (IDCC) are moving lower after Bloomberg reported the company lost its bid to revive patent-infringement claims against Microsoft (MSFT) and ZTE Corp. over mobile phone technologies. Shares of InterDigital are down 83c to $50.06.
10:05 EDTOISOn The Fly: Analyst Initiation Summary
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09:59 EDTSNDKSanDisk calls active on renewed takeover chatter
SanDisk February 81 and 83 calls are active on total call volume of 1500 contracts (600 puts) on renewed takeover chatter. February call option implied volatility is at 41, March and April is at 29, July is at 31; compared to its 26-week average of 32 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
09:42 EDTSNDKRumor: SanDisk moves up on renewed takeover chatter
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08:46 EDTOISOil States initiated with an Underperform at BMO Capital
Target $49.
07:21 EDTMSJPMorgan, Citi top government report of riskiest banks, Reuters reports
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05:57 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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February 17, 2015
09:09 EDTMSFTBox announces Microsoft Office cloud integration
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09:06 EDTMSFTCitrix joins Microsoft Cloud Storage Partner Program
Citrix (CTXS) announced it is an inaugural member of the new Microsoft (MSFT) Cloud Storage Partner Program.
08:38 EDTDRC, SIEGYEU regulators expanding probe of Siemens, Dresser-Rand merger, Reuters says
European Commission antitrust regulators will expand their investigations into Siemens' (SIEGY) $7.6B bid for Dresser-Rand (DRC), reports Reuters, citing regulator statements. The Commission stated, "The transaction would reduce the number of competitors from three main players to two main players" in related markets. Siemens stated it still expects to close the deal in Summer 2015 or sooner. Reference Link
07:22 EDTSNDKMitsubishi UFJ to hold a tour
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05:51 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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05:03 EDTBNFTBenefitfocus valuation compelling into Q4 results, says Piper Jaffray
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February 15, 2015
16:04 EDTOWWAirline trade group expresses concern on Orbitz, Expedia deal, Reuters says
The trade group Airlines for America expressed its concern for the tentative merger of Expedia (EXPE) and Orbitz Worldwide (OWW) saying it could do harm to the travel business but hinted that it would not actively lobby against the deal, says Reuters. Reference Link
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