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Stock Market & Financial Investment News

News Breaks
February 4, 2014
16:39 EDTKORS, YUM, DNB, BRO, TTWO, MSFT, JCPOn The Fly: Closing Wrap
Stocks on Wall Street were higher, bouncing back a bit following yesterday's sharp sell-off. The averages opened higher, led by gains in the tech-heavy Nasdaq, which added nearly 1% for the session. Despite gains, the averages recouped less than half of yesterday's decline. ECONOMIC EVENTS: In the U.S., factory orders dropped 1.5% in December, versus expectations for a 1.8% decline. COMPANY NEWS: Microsoft (MSFT) shares fell 13c, or 0.36%, to $36.35 after the company promoted the head of its Cloud and Enterprise group, Satya Nadella, to Chief Executive Officer, succeeding Steve Ballmer. Nadella's promotion, which had been roundly telegraphed in recent media reports, make him the tech giant's third CEO. Bill Gates, one of the company's founders and formerly chairman of its board, will assume a new role as Technology Advisor and devote more time to the company, with lead independent director John Thompson taking over as chairman... Embattled retailer J.C. Penney (JCP) fell 60c, or 10.56%, to $5.08 despite reporting comparable store sales that grew 3.1% during the Holiday period. Deutsche Bank said it believes investors were expecting a positive low-single digit gain in same-store sales and it does not view today's press release as material to the J.C. Penney story, while Sterne Agee cut its price target on the retailer's shares to $3 from $9. MAJOR MOVERS: Among the notable gainers was luxury goods maker Michael Kors (KORS), which advanced $13.24, or 17.27%, to $89.91 after the company's third quarter results soundly beat analysts' expectations and several analyst firms raised their price targets on the stock. Also higher following their quarterly report was Yum! Brands (YUM), up $5.90, or 8.92%, to $72.06 after the Taco Bell and KFC owner reported adjusted profit that beat estimates and affirmed its fiscal 2014 earnings outlook. Among the noteworthy losers following disappointing earnings reports were Dun & Bradstreet (DNB), down $10.88, or 10.22%, to $95.58, and Brown & Brown (BRO), down $2.40, or 7.82%, to $28.28. Also lower was Take-Two (TTWO), which fell $1.84, or 9.74%, to $17.06. The video game maker reported better-than-expected results though issued guidance for the current quarter that missed expectations and analysts were generally downbeat about the company's outlook. INDEXES: The Dow was up 72.44, or 0.47%, to 15,445.24, the Nasdaq was up 34.56, or 0.86%, to 4,031.52, and the S&P 500 was up 13.31, or 0.76%, to 1,755.20.
News For MSFT;JCP;KORS;YUM;DNB;BRO;TTWO From The Last 14 Days
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October 8, 2014
06:13 EDTMSFTNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
October 7, 2014
17:18 EDTYUMYum! Brands reverses direction in after-hours trading, up 1.1%
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16:31 EDTYUMYum! Brands reports Q3 China SSS down 14%
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16:24 EDTYUMYum! Brands down 1% following Q3 results
16:23 EDTYUMYum! Brands expects to develop at least 700 new restaurants in China this year
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16:22 EDTYUMYum! Brands lowers FY14 EPS growth ex-items to 6%-10%
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16:19 EDTYUMYum! Brands provides China update
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16:15 EDTYUMYum! Brands reports Q3 EPS ex-items 87c, consensus 89c
Reports Q3 revenue $3.35B, consensus $3.48B. Worldwide system sales grew 1%. Worldwide restaurant margin decreased 2.7 percentage points to 14.9%, and worldwide operating profit decreased 12%.
15:16 EDTYUMNotable companies reporting after market close
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14:27 EDTYUMYum! Brands October weekly 70 straddle priced for 4.6% move into Q3
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13:04 EDTJCPJ.C. Penney to host analyst day
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13:03 EDTYUMYum! Brands technical notes ahead of results
The shares have markedly under-performed in the prior three months, trading down over 14%. A great deal of the share price loss came at the front of the interval during the tainted-meat scandal in China. After the initial drop, shares have been basing in a range of $70 at the low and $73 at the high. The base at $70 may be particularly important. If the news is worse than already low expectations, that support at the $70 area could be lost. Next support below would be at $68.20 and then at $66.16. An extreme price reaction could see the 52-week low at $64.08 tested as well or perhaps broken. Equally, an upside surprise could see the top of the range tested at $73. Given low expectations, a bit of stronger news could push the stock through that resistance level. Next upside would be at $73.84, $75.44, and then at $76.33 on an increasing band of positive surprises.
12:50 EDTMSFTSamsung aiming for arbitration versus Microsoft, Bloomberg says
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12:45 EDTMSFTMicrosoft near deal to buy text analysis start-up for about $200M, WSJ says
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12:45 EDTMSFTMicrosoft to hold cloud event on October 20
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10:52 EDTMSFTNokia suspends handset production at Chennai facility, Reuters reports
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10:13 EDTJCPJ.C. Penney volatility increases into company hosted analyst day
J.C. Penney October weekly call option implied volatility is at 118, October is at 72, November is at 57, January is at 55, February is at 53; compared to its 26-week average of 54 according to Track Data suggesting large near term price movement into a company hosted analyst day event on October 8.
09:42 EDTKORSMichael Kors mentioned positively at OTR Global
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07:48 EDTMSFTU.S. Chamber of Commerce to hold a discussion
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07:00 EDTMSFTReport says 100K Xbox Ones sold throughout China, Kotaku says
A report from Chinese video games news website 17173 said that Shanghai Media Group vice-president Zhang Dazhong accidentally noted that over 100K Microsoft Xbox One consoles sold throughout China during the first week they were launched, according to Kotaku, citing the report from 17173. Reference Link
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