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Stock Market & Financial Investment News

News Breaks
January 7, 2013
10:07 EDTBIDU, QLIK, YHOO, SAP, SWN, AMAT, UA, LOW, SPR, FINL, FDO, DSW, CREE, BK, MTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ArcelorMittal (MT) downgraded to Sector Perform from Outperform at RBC Capital... BNY Mellon (BK) downgraded to Sell from Neutral at Goldman... Cree (CREE) downgraded to Hold from Buy at Canaccord... DSW (DSW) downgraded to Hold from Buy at Brean Capital... Family Dollar (FDO) downgraded to Equal Weight from Overweight at Morgan Stanley... Finish Line (FINL) downgraded to Neutral from Buy at Janney Capital... Lowe's (LOW) downgraded to Sell from Hold at Canaccord... Spirit AeroSystems (SPR) downgraded to Sector Perform from Outperform at RBC Capital... Under Armour (UA) downgraded to Equal Weight from Overweight at Morgan Stanley... Applied Materials (AMAT)downgraded to Underweight from Neutral at JPMorgan... Southwestern Energy (SWN) downgraded to Hold from Buy at Dahlman Rose... SAP (SAP) downgraded to Neutral from Buy at UBS... Yahoo! (YHOO) downgraded to Market Perform from Outperform at Bernstein... Qlik Technologies (QLIK) downgraded to Equal Weight from Overweight at Barclays... Baidu (BIDU)downgraded to Equal Weight from Overweight at Barclays.
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May 23, 2013
11:05 EDTYHOOPlayerScale says acquired by Yahoo
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08:09 EDTLOWLowe's momentum encouraging, says RW Baird
Baird believes Lowe's recent momentum is encouraging despite disappointing Q1 results. The firm noted management's optimism regarding ongoing internal initiatives, the improvement in comps, and a housing tailwind as reasons to stay involved in the shares. Lowe's is Outperform rated and price target increased to $48 from $45.
May 22, 2013
12:20 EDTLOWOn The Fly: Midday Wrap
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10:03 EDTLOWLowe's rises after results in spite of miss, levels to watch
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10:00 EDTCREEOn The Fly: Analyst Upgrade Summary
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09:29 EDTLOWLowe's says comp sales improved as quarter progressed
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09:17 EDTSAPTangoe, SAP sign software development cooperation agreement
Tangoe (TNGO) announced that it has signed a Software Development Cooperation Agreement with SAP (SAP). Under terms of the agreement, Tangoe and SAP will work cooperatively to integrate Tangoe’s Mobile TEM software suite with the SAP Mobile Secure portfolio including SAP Afaria 7.0. Specifically, the agreement enables Tangoe and SAP to develop interoperability between the SAP Afaria mobile device management software and Tangoe’s procurement, fulfillment, invoice processing, expense allocation, asset management, plan optimization, catalog management and carrier payment capabilities.
08:59 EDTLOWOn The Fly: Pre-market Movers
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08:09 EDTCREECree upgraded at Sterne Agee
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07:42 EDTQLIKBarclays to host a conference
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07:21 EDTSAPMIT Sloan Alumni Club of Boston to hold a symposium
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07:08 EDTSAPPhone companies start selling subscriber data, WSJ reports
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06:31 EDTCREECree upgraded to Buy from Neutral at Sterne Agee
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06:25 EDTCREEGlobal LED tube light shipments to reach 220M units in 2013, DigiTimes says
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06:16 EDTYHOOFrance Telecom to invest up to $64M in Dailymotion, Reuters reports
France Telecom (FTE) plans to invest about $64M its video-sharing website Dailymotion and begin a new search for a partner this fall, according to CEO Stephane Richard, reports Reuters. He said that "the door is not closed" to Yahoo (YHOO), which had been in talks to buy a 75 % stake in Dailymotion in a deal that would have valued Europe's largest video website at $300M.Reference Link
06:04 EDTLOWLowe's sees FY13 EPS $2.05, consensus $2.08
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06:02 EDTSAPOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Since the financial crisis, bonds backed by a single loan have been less common than securities made up of a group of unrelated loans. But the market for loans on commercial properties has changed in recent months and is booming again--$12.1B so far this year--the Wall Street Journal reports...Big phone companies (SAP, T, TEF, VZ, VOD, CCO) have begun to sell the vast amounts of data they gather about their subscribers' locations, travels and Web-browsing habits. The information provides a powerful tool for marketers but raises new privacy concerns, the Wall Street Journal reports...REUTERS: Apple's (AAPL) ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. Apple channeled profits into Irish-incorporated subsidiaries that had no declared tax residency anywhere in the world, Reuters reports...The dollar languished well below last week's 4 1/2-year high against the yen today, ahead of testimony from the Fed Chairman Bernanke after two regional Fed presidents hinted that the central bank will continue its bond-buying scheme, Reuters reports...BLOOMBERG: Samsung (SSNLF) and LG Electronics are reworking their strategies for high-end TVs after spending billions of dollars on a new display technology that’s behind schedule and costs nearly $10,000 a set. The misstep has created an opening for Sony (SNE), Sharp (SHCAY) and Chinese maker Skyworth Digital, Bloomberg reports...Apple’s (AAPL) bonds have lost $280.6M of market value since buyers snapped up $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, Bloomberg reports.
06:02 EDTLOWLowe's reports Q1 SSS down 0.7%
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06:02 EDTLOWLowe's reports Q1 EPS 49c,c onsensus 51c
Reports Q1 revenue $13.09B, consensus $13.46B
06:01 EDTBKBNY Mellon plans to increase Wealth Management sales force by 50%
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