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Stock Market & Financial Investment News

News Breaks
August 21, 2014
10:17 EDTMU, HTZStocks with call strike movement; MU HTZ
Micron (MU) January 40 call option implied volatility increased 2% to 37, Hertz (HTZ) January 35 call option implied volatility decreased 4% to 34 according to IVolatility.
News For MU;HTZ From The Last 14 Days
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July 28, 2015
12:31 EDTMUIntel, Micron expect 3D XPoint cost to be 'somewhere between' NAND, DRAM
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12:08 EDTMUIntel, Micron introduce 3D XPoint memory technology
Intel (INTC) and Micron Technology (MU) unveiled 3D XPoint technology, a non-volatile memory that the companies say has the potential to "revolutionize any device, application or service that benefits from fast access to large sets of data." Now in production, 3D XPoint technology brings non-volatile memory speeds up to 1,000 times faster than NAND, according to Intel and Micron. 3D XPoint technology will sample later this year with select customers, and Intel and Micron are developing individual products based on the technology, the companies said.
12:02 EDTMUStocks with call strike movement; MU ASHR
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12:02 EDTMUMicron, Intel to discuss technology similar to HP memristor, Hesseldahl says
Arik Hesseldahl of Re/code said on Twitter: "Intel and Micron are going to disclose technology similar to HP's memristor technology. It will be called: 3D XPoint" Reference Link
08:38 EDTMUIntel and Micron to hold a joint press and analyst webcast
Micron and Intel Share Updates on Latest Storage and Memory Technologies in a webcast being held on July 28 at 12 pm. Reference Link
July 27, 2015
10:35 EDTMUIntel, Micron gain after announcing joint press event
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09:36 EDTMUActive equity options trading on open
Active equity options trading on open: AAPL NFLX INTC MU VZ BIDU AMBA
July 23, 2015
18:21 EDTHTZOn The Fly: Top stock stories for Thursday
Stocks began the session mixed on the heels of weak earnings reports from both Caterpillar (CAT) and 3M (MMM). The Nasdaq managed to spend most of the day in positive territory but joined the other averages in negative territory by mid-afternoon. Selling picked up momentum towards late afternoon, and by day’s end each of the averages were lower by more than 0.4%, with the Dow losing nearly 0.7%. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 255,000 in the week ended July 18, below the 278,000 first-time claims that were expected. The Leading Economic Indicators advanced 0.6% in June, exceeding expectations for a 0.3% increase. In Asia, the Shanghai Composite index advanced for a sixth straight session, adding another 2.4%. In Europe, the Greek Parliament voted to accept creditor terms for a new bailout, though a decision on when to reopen Greek financial markets was deferred to next week. COMPANY NEWS: Shares of General Motors (GM) finished the session up 3.96% to $31.50 after reporting earnings per share above analyst expectations. Other notable names rising following earnings reports include SanDisk (SNDK), Under Armour (UA), Southwest (LUV)... Caterpillar, meanwhile, dropped $2.86, or 3.59%, to $76.90 after cutting its yearly guidance during this morning's earnings report, with the company noting a "relatively stagnant" global economy. Also lower following earnings were Comcast (CMCSA, CMCSK), Bristol-Myers Squibb (BMY), Dunkin Brands (DNKN), and Boston Scientific (BSX). MAJOR MOVERS: Among the notable gainers was Cigna (CI), which rose $3.29, or 2.18%, to $154.36 after the Wall Street Journal reported last night that Anthem (ANTM) is nearing a deal to acquire the company for roughly $187, representing a total transaction value of over $48B. Adding to that report, CNBC's David Faber said on Thursday morning that Anthem will announce an agreement Friday to purchase Cigna for $188 per share, at a 45% equity, 55% cash split. Also higher were shares of numerous IT security companies, with FireEye (FEYE) advancing 4.53% and Palo Alto Networks (PANW) adding 2.33% after earnings reports from security firms Fortinet (FTNT) and F5 Networks (FFIV) beat on both top and bottom lines. Fortinet and F5, meanwhile, finished Thursday's session up 10.71% and 7.75% to $46.83 and $127.68, respectively. Among the noteworthy losers following earnings was McDonald's (MCD), which edged down 0.52% to $97.10 after noting that Q2 global comparable sales fell 0.7% for the quarter, including a 2% decline in U.S. same-store sales. Also lower was Hertz (HTZ), which declined 8.53% to $16.45 following a downgrade to Underweight at Morgan Stanley, with the research firm citing increased competition from Uber and similar mobility services. INDEXES: The Dow fell 119.12, or 0.67%, to 17,731.92, the Nasdaq lost 25.36, or 0.49%, to 5,146.41, and the S&P 500 declined 12.00, or 0.57%, to 2,102.15.
10:00 EDTHTZOn The Fly: Analyst Downgrade Summary
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08:12 EDTHTZHertz downgraded to Underweight at Morgan Stanley
As previously reported, Morgan Stanley downgraded Hertz to Underweight from Equal Weight with a $15 price target on shares. The firm believes consensus estimates remain too high and meaningful price increases are unlikely. Additionally, Morgan Stanley said competition from Uber-like ride sharing and new mobility models is accelerating faster than expected.
06:42 EDTHTZHertz downgraded to Underweight from Equal Weight at Morgan Stanley
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06:42 EDTMUMobile DRAM prices to fall on excess smartphone inventory, DigiTimes reports
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06:42 EDTMUTsinghua still in talks with Micron over possible takeover, Reuters reports
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06:29 EDTMUMicron and Tsinghua fail to reach consensus in tie-up talks, DigiTimes reports
Micron and Tsinghua Unigroup failed to reach a consensus although it is negotiating a possible tie-up in DRAM business, reports DigiTimes. According to industry sources, Micron wanted to have absolute control over the production capacity the company would share with Tsinghua while the China chipmaker had no interest in just being a manufacturing partner of the US vendor. The sources add that Tsinghua could be the one spreading the rumors that it is looking to make an offer for Micron. Reference Link
July 22, 2015
19:02 EDTMUOn The Fly: After Hours Movers
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17:33 EDTMUMicron advances by 2.33% after SanDisk Q2 results
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15:02 EDTMUOptions Update; July 22, 2015
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10:21 EDTMUTsinghua 'sounding out' Micron interest in deal, to make $23B bid, Nikkei says
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05:55 EDTMUDRAMeXchange: DRAM prices to fall further, DigiTimes says
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July 21, 2015
10:04 EDTMUMicron spurning of Tsinghua a 'bargaining tactic,' blog author contends
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