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Stock Market & Financial Investment News

News Breaks
April 20, 2012
12:11 EDTTPX, WOLF, SNDK, HBI, MSFT, RVBD, XXIA, HON, MCD, APO, ALTR, SLB, GEOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, as another round of better than expected earnings reports from blue chip companies encouraged investors. Stocks opened higher on the heels of positive earnings reports from some of the country's largest corporations, positive confidence data out of Germany, and solid retail sales data from the U.K. The market tacked on gains in the opening 30 minutes and found a level where the averages sat while investors digested the corporate earnings and accompanying conference calls. In the second hour of trading the averages gained some upside momentum and added to their opening gains but they have since moved in a very narrow range. There may be little in the way of news flow for the remainder of the session as the week end approaches... ECONOMIC EVENTS: Domestically, little of note was on the economic calendar. In Europe, Spanish 10-year bond yields rose above 6% and equivalent Italian and French yields rose as well. In contrast, a measure of German business confidence climbed to 109.9, marking its sixth consecutive month of increase... COMPANY NEWS: Earnings reports from a trio of Dow components helped power that average higher, as Microsoft (MSFT) led all of the blue chips with a 5.4% gain after its earnings and revenue beat consensus. General Electric (GE) also beat on both the top and bottom line and shares moved higher by 1.9%. Results from McDonald's (MCD) were generally in line with expectations. The company said global comparable sales increased 7.3%, driven by an 8.9% increase in the U.S. and its stock rose 2% near noon... Among other companies reporting earnings, advancers included Hanesbrands (HBI), Schlumberger (SLB) and Honeywell (HON); decliners included SanDisk (SNDK) and Altera (ALTR)... MAJOR MOVERS: Among the notable gainers were Ixia (XXIA), up over 13%, following an upgrade at Wunderlich citing the company's Q1 results, and Great Wolf (WOLF), up 8%, after an affiliate of Apollo Global Management (APO) increased its offer to acquire the company to $7.85 per share from $7.00. Noteworthy losers included Riverbed (RVBD), down more than 26%, following downgrades by at least seven firms after the company's Q1 revenue missed consensus and it said it sees 15% revenue growth for FY12, and Tempur-Pedic (TPX), down over 21%, after its guidance fell short of expectations... INDICES: Near noon, the Dow was up 112.84, or 0.87%, to 13,076.94; the Nasdaq was up 20.84, or 0.69%, to 3,028.40; and the S&P 500 was up 9.60, or 0.70%, to 1,386.52.
News For MSFT;GE;MCD;HBI;SLB;HON;SNDK;ALTR;XXIA;WOLF;APO;RVBD;TPX From The Last 14 Days
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April 21, 2015
07:30 EDTMSFTMicrosoft volatility elevated into Q3 and outlook
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07:15 EDTHONCelestica subcontracted by Honeywell Aerospace
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06:04 EDTGEStocks with implied volatility below IV index mean; ALU GE
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06:04 EDTMSFTYahoo, Microsoft add termination clause to search deal
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April 20, 2015
15:37 EDTGEGE Ventures invests in talent acquisition platform Ascendify
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14:27 EDTALTRAltera volatility elevated into Q1 and outlook
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12:34 EDTGEGE in discussions to sell $74B U.S. commercial lending unit, WSJ says
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12:03 EDTGEGE in discussions to sell $74B commercial lending business, Dow Jones says
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10:11 EDTSNDKOptions with decreasing implied volatility
Options with decreasing implied volatility: BPT WETF NFLX BMRN SNDK STX TSM MAT FAST INTC
10:00 EDTSLBOn The Fly: Analyst Downgrade Summary
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09:36 EDTMCDActive equity options trading on open
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08:43 EDTSLBSchlumberger downgraded at CLSA
As previously reported, CLSA downgraded Schlumberger to Underperform from Buy and maintained its $94 price target. The firm downgraded shares due to valuation and said the stock is discounting oil prices in the $70s and a rapid inflection in rig count.
08:23 EDTSLBSchlumberger price target raised to $107 from $96 at Susquehanna
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08:08 EDTHBIHanesbrands remains a top pick, says UBS
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07:48 EDTSLBSchlumberger price target raised to $110 from $95 at UBS
UBS raised its price target and estimates on Schlumberger to $110 from $95 citing its cost cutting strategies and margin losses that were lower than expected. UBS reiterated its Buy rating on Schlumberger shares.
07:21 EDTSLB, SLBSchlumberger downgraded to Underperform from Buy at CLSA
06:09 EDTALTRAltera implied volatility of 74 at upper end of index
06:08 EDTGEStocks with implied volatility below IV index mean; ALU GE
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05:51 EDTMSFTEU calls for 'level playing field' in telecoms market, Financial Times reports
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April 19, 2015
16:51 EDTMSFTFireEye labs detected limited APT campaign
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