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Stock Market & Financial Investment News

News Breaks
April 4, 2014
16:30 EDTNFLX, AMZN, FB, GRUB, SNX, APC, SYMC, HALOOn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower, with the Nasdaq leading the way lower, losing more than 2.5% as a number of momentum stocks in the technology and biotech space continued to see losses as they have over much of the last month of trade. After a quiet open to the session following a slightly better-than-expected U.S. jobs report, selling took hold and did not relent, as the averages finished the session just off their worst levels. ECONOMIC EVENTS: In the U.S., the Department of Labor's monthly jobs report showed nonfarm payrolls increased 192K in March, versus the consensus forecast for 200K job additions. Notably, February's job gain was revised up to 197K from the prior estimate of 175K and January war revised up to 144K from 129K. The unemployment rate in March was steady at 6.7%. COMPANY NEWS: A number of tech names that had been leaders during 2013's rally continued to face selling pressure, as they have for much of the last month or so of trade. Streaming internet video service Netflix (NFLX), which gained more than 300% in 2013, fell $17.38, or 4.90%, to $337.31. Other tech leaders, including Amazon (AMZN), down $10.62, or 3.18%, to $323.00, and Facebook (FB), down $2.74, or 4.61%, to $56.75 also lost ground, with both stock's now down more than 20% from their best levels reached earlier this year... Four new stocks made their debuts on the New York Stock Exchange and Nasdaq this morning, highlighted by the initial public offering of food delivery service GrubHub (GRUB), which gained $8.00, or 30.77%, to close at $34.00 in its first day of trade. MAJOR MOVERS: Among the notable gainers was SYNNEX (SNX), up $14.52, or 23.26%, to $76.94 after the company's first quarter results and second quarter outlook topped analysts' consensus estimates. Also higher was Anadarko Petroleum (APC), up $2.03, or 2.05%, to $101.05 to add to yesterday's gain after finalizing a settlement related to its case with Tronox (TROX). A number of analyst firms were positive on shares following the settlement, with no fewer than four firms raising their price targets while analysts at JPMorgan upgraded the stock to Overweight from Underweight. Also higher was Symantec (SYMC), up 22c, or 1.10%, to $20.25 after a report from Reuters said the company has been seeking advice from investment banks as it prepares to defend itself against potential involvement from activist investors. Also lower was Halozyme (HALO), down $3.16, or 27.26%, to $8.43 after an independent committee recommended it temporarily halt patient enrollment and dosing of a Phase 2 trial evaluating a drug in patients with pancreatic cancer. INDEXES: The Dow was down 159.84, or 0.96%, to 16,412.71; the S&P 500 was down 23.68, or 1.25%, to 1,865.09; the Nasdaq was down 110.02, or 2.60%, to 4,127.73.
News For NFLX;AMZN;FB;GRUB;SNX;APC;SYMC;HALO From The Last 14 Days
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September 10, 2014
06:04 EDTNFLXNetflix initiated with a Buy at Canaccord
Target $550.
September 9, 2014
16:00 EDTAMZNiPath S&P 500 VIX Short-Term Futures up 74c to 28.25
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15:05 EDTAMZNAmazon.com falls to session lows, levels to watch
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14:32 EDTFBApple shows Facebook, Twitter apps on Apple Watch
12:55 EDTNFLXNetflix advances after analyst ups target to $600
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10:18 EDTAMZNBarnes & Noble says won't launch new bn.com in time for holiday season
Says "extremely happy" with Retail's Q1 performance, sees moderation of physical booksales decline. Says sees sales lift due to dispute between Amazon (AMZN) and Hachette. Regarding the launch of bn.com says making progress on development, but completion taking longer than expected. The company plans to launch the new site later this FY, but not in time for holiday season. Comments made on the Q1 earnings conference call.
09:36 EDTNFLX, FBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL KNDI NFLX YHOO TWTR TSLA C BAC FB MCD
08:22 EDTNFLXNetflix price target raised to $600 from $530 at RBC Capital
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07:31 EDTNFLXNetflix enters online U.S. net neutrality strike, Reuters says
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07:17 EDTFBThe Wireless Association to hold a conference
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September 8, 2014
16:00 EDTNFLX, AMZNOptions Update; September 8, 2014
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14:00 EDTFBFacebook averages more than 1B video views per day, introducing video views
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11:12 EDTAMZNAmazon offering Fire Phone for 99c with two-year contract
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10:00 EDTFBFacebook may soon enter China, DoNews reports
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09:40 EDTFB, NFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA YHOO BAC FB MSFT NFLX GILD MCD
07:42 EDTNFLXNetflix expands in Europe amid scrutiny, skepticism, WSJ says
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07:35 EDTAMZNAmazon mulls Fire phone UK exclusively deal with O2, FT says
In an effort to rival Apple (AAPL) and Samsung (SSNLF) in the premium smartphone industry, Amazon (AMZN) is in final-stage discussions to sell its new Fire smartphone exclusively through Telefonica’s (TEF) O2 throughout the UK, reported the Financial Times. Reference Link
06:34 EDTFBFacebook's Zuckerberg sees WhatsApp reaching up to 3B users, WSJ reports
Speaking at an event in Mexico City, Facebook CEO Mark Zuckerberg says messaging service WhatsApp could reach two to three billion users through a tie-up with Facebook, though WhatsApp will stay an independent service, the Wall Street Journal reports. Facebook agreed to pay $19B for WhatsApp earlier this year. Reference Link
September 7, 2014
14:29 EDTAMZNAmazon.com secures $2B credit arrangement
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14:24 EDTFBFacebook CEO ready to spend billions to spread internet access, Bloomberg says
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