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Stock Market & Financial Investment News

News Breaks
February 22, 2013
10:00 EDTHPQ, EXP, MS, WBMD, V, TASR, ISRG, MT, SWKS, CAT, SLCA, PWR, FTI, TWC, MRVL, TSSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ArcelorMittal (MT) upgraded to Neutral from Underweight at HSBC... Eagle Materials (EXP) upgraded to Buy from Neutral at Sterne Agee... FMC Technologies (FTI) upgraded to Buy from Hold at Dahlman Rose... Hewlett-Packard (HPQ) upgraded to Neutral from Sell at UBS... Intuitive Surgical (ISRG) upgraded to Buy from Neutral at Goldman... Quanta Services (PWR) upgraded to Overweight from Equal Weight at Johnson Rice... RF Micro Devices (RFMD) upgraded to Buy from Neutral at Lazard Capital... TASER (TASR) upgraded to Overweight from Neutral at JPMorgan... Total System (TSS) upgraded to Buy from Neutral at Citigroup... U.S. Silica (SLCA) upgraded to Outperform from Market Perform at William Blair... Marvell (MRVL) upgraded to Buy from Hold at Craig-Hallum... Visa (V) upgraded to Buy from Neutral at Guggenheim... Caterpillar (CAT) upgraded to Outperform from Market Perform at Raymond James... WebMD (WBMD) upgraded to Buy from Hold at Stifel Nicolaus... Time Warner Cable (TWC) upgraded at Macquarie... Total (TOT) upgraded to Buy from Hold at Canaccord... Home Depot (HD) upgraded to Outperform from Perform at Oppenheimer... State Street (STT) upgraded to Buy from Hold at Jefferies... Skyworks (SWKS) upgraded to Overweight from Equal Weight at Stephens... Morgan Stanley (MS) upgraded to Neutral from Underweight at HSBC.
News For MT;EXP;FTI;ISRG;HPQ;PWR;TASR;TSS;SLCA;V;MRVL;CAT;WBMD;TWC;SWKS;MS From The Last 14 Days
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November 11, 2014
06:03 EDTHPQQ4 global tablet shipments estimated at 74.5M units, DigiTimes reports
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05:58 EDTVStocks with implied volatility below IV index mean; PCLN V
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05:27 EDTMTArcelorMittal downgraded to Neutral from Buy at Citigroup
Citigroup downgraded ArcelorMittal to Neutral after lowering its estimates for iron ore prices.
November 10, 2014
16:44 EDTTWCOn The Fly: Closing Wrap
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15:54 EDTVVisa, MasterCard could be hurt by new Canadian credit card rules, WSJ says
Canada is preparing to announce broad changes to its code of conduct for the credit- and debit-card industry, which could make it the first country to give merchants the right to reject mobile payments through Visa (V) and MasterCard (MA) even if the merchants accept their physical cards, said The Wall Street Journal, citing a draft copy of rules that could be announced this week. Reference Link
15:17 EDTVCFPB may require added disclosures on prepaid cards, WSJ says
The Consumer Financial Protection Bureau is expected to propose new rules later this week that will require more disclosure for prepaid debit cards and cracking down on allowing consumers to spend more money on the cards than they have, according to The Wall Street Journal, citing people familiar with the matter. The rules come as traditional financial institutions, such as JPMorgan (JPM) and American Express (AXP) have moved into the business and the industryís biggest players donít allow overdrafts so it is unclear whether the new rules will dent industry profits, the report said. Green Dot (GDOT) also does not permit overdrafts and Visa (V) recently excluded overdraft abilities in guidelines for its prepaid cards, the report added. Reference Link
14:09 EDTTWCBoehner strongly opposes net neutrality
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13:26 EDTTWCCable providers fall after Obama weighs in on net neutrality
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12:25 EDTTWCTime Warner Cable issues statement on White House Title II announcement
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12:24 EDTTWCOn The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday. The averages opened mixed, but very close to the flat line, and have continued to drift slowly higher from that point. There is little to stand in the way of the marketís drift, as the economic calendar is quiet, the earnings season is winding down, and the most closely watched geopolitical situations are currently status quo. ECONOMIC EVENTS: In the U.S., little of note was on the economic calendar. The Federal Reserve's newly introduced Labor Market Conditions Index was flat at 4 in October. The Fed started updating estimates of the LMCI every month beginning with last month. COMPANY NEWS: Shares of Netflix (NFLX) advanced about 1% after xxx President Barack Obama publicly urged the Federal Communications Commission to implement the "strongest possible rules" to protect net neutrality. In response, Verizon (VZ) said it supports the open Internet and continues to believe that the "light-touch regulatory approach in place for the past two decades has been central to the Internetís success," adding that it believes the reclassification Obama called for would "apply 1930s-era utility regulation to the Internet" and be a "radical reversal of course" that would threaten great harm to an open Internet, competition and innovation." A number of Internet Service Providers, including Comcast (CMCSA), Time Warner Cable (TWC), Charter (CHTR) and Cablevision (CVC), moved lower after Obama weighed in on the hot-button issue. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 22% after the company presented data from the ongoing Phase 2 study of its Hepatitis C virus treatment at the Annual Meeting of the American Association for the Study of Liver Diseases, or AASLD. Also higher was Dean Foods (DF), which rose more than 13% after the dairy products distributorís third quarter results, as well as its fourth quarter and full year profit outlook, surpassed analystsí consensus estimates. Among the noteworthy losers was Rayonier (RYN), which dropped 13% after management determined that there was a material weakness in the company's internal controls, restated certain previously made financial statements, and cut its dividend reflecting expectations of reduced cash available for distribution due to lower expected annual harvest levels. INDEXES: Near midday, the Dow was up 18.55, or 0.11%, to 17,592.48, the Nasdaq was up 10.77, or 0.23%, to 4,643.30, and the S&P 500 was up 4.01, or 0.2%, to 2,035.93.
10:09 EDTTWCOptions with increasing implied volatility: CZR IGT CMCSA TWC
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10:06 EDTTWCVerizon says utility Internet regulation would 'threaten great harm'
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10:01 EDTTWCTWC, Charter, Comcast drop after Obama calls for Internet regulation
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09:45 EDTTWCObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:43 EDTTWCObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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07:57 EDTISRGIntuitive Surgical survey positive on hernia opportunity, says JPMorgan
JPMorgan said its survey of 25 U.S.-based general surgeons who have used da Vinci for hernia procedures yielded positive outlook on the hernia opportunity for Intuitive Surgical. The firm says the complexity of the robot does not appear to be an issue. It keeps an Overweight rating on Intuitive with a $550 price target.
07:36 EDTTASRTASER announces multiple orders of multiple smart weapons
TASER announced multiple orders of its TASER brand next generation Smart Weapons and Conducted Electrical Weapons. These orders were received in and anticipated to ship in the fourth quarter of 2014.
07:12 EDTVCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
06:46 EDTMSRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
November 9, 2014
21:17 EDTEXPEagle Materials management to meet with Stephens
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