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Stock Market & Financial Investment News

News Breaks
October 22, 2013
12:22 EDTNFLX, TRV, DD, UTX, WHR, DAL, LXK, RSH, COHOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after the delayed jobs report for September showed employers added a disappointing 148,000 jobs in the month, though the unemployment rate edged further down toward 7%. Though the jobs data missed the mark it is already dated and did represent the 43rd consecutive month of employment growth, which was enough to push the S&P to its fourth consecutive day hitting an all-time high. ECONOMIC EVENTS: The Labor Department's previously delayed employment report for September showed the economy added 148,000 jobs in September, well below analystsí expectations for 185,000 and down from the nearly 200,000 jobs added in the prior month. The unemployment rate, however, dipped to 7.2% from 7.3%. The Richmond Fed's manufacturing index inched up to 1 in October from a 0 reading in the prior month. Construction spending rose 0.6% in August, beating expectations for it to have grown 0.4% during the month. COMPANY NEWS: Netflix (NFLX) last night reported stronger than expected quarterly results and the stock opened nearly 10% higher this morning. But the shares were down about 4% near noon, after several analysts warned that the stock may not be attractive following its rapid and steep rally... Among the many companies reporting earnings last night and this morning were three members of the Dow Jones Industrial Index: DuPont (DD), Travelers (TRV), and United Technologies (UTX). All three reported headline earnings that beat consensus, though UTX also narrowed its full-year profit forecast and saw its shares slide nearly 1% near noon. MAJOR MOVERS: Among the notable gainers was appliance maker Whirlpool (WHR), which rallied over 11% after the company's adjusted earnings beat forecasts and it raised its full year profit outlook. Also higher following their earnings reports were printer maker and business service provider Lexmark (LXK), which rose 7%, and Delta Air Lines (DAL), which advanced 4%. Among the noteworthy losers following their earnings reports were electronics retailer RadioShack (RSH), which dropped over 23%, and handbag maker Coach (COH), which fell almost 8%. INDEXES: Near noon, the Dow was up 60.75, or 0.39%, to 15,452.95; the Nasdaq was up 6.63, or 0.17%, to 3,926.68; and the S&P 500 was up 8.29, or 0.48%, to 1,752.95.
News For NFLX;TRV;DD;UTX;WHR;DAL;LXK;RSH;COH From The Last 14 Days
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October 21, 2014
06:33 EDTLXKLexmark reports Q3 adjusted EPS $1.05, consensus 92c
Reports Q3 revenue $918.1M, consensus $889.62M. Paul Rooke, Lexmark chairman and CEO, said, "In Q3, Managed Print Services and Perceptive Software combined revenue grew 20%, representing nearly one third of Lexmark's total revenue, and is on track to exceed $1B this year. The acquisition of ReadSoft further broadens Lexmark's solutions capabilities and reach, and supports our target of generating Perceptive Software revenue of $500M in 2016"
06:27 EDTNFLXStocks with implied volatility below IV index mean; EBAY NFLX
Stocks with implied volatility below IV index mean; eBay (EBAY) 26, Netflix (NFLX) 38 according to iVolatility.
06:08 EDTDALAir France, Delta, Alitalia look to resolve EC investigation
The European Commission has invited interested third parties to comment on commitments proposed by Air France (AFLYY), Alitalia and Delta (DAL) to address concerns that their transatlantic cooperation may harm competition for premium passengers on the Paris-New York route and for all passengers on the Amsterdam-New York and Rome-New York routes, in breach of EU antitrust rules. The three airlines have offered to make landing and take-off slots available at both ends of the Amsterdam-New York and Rome-New York routes to facilitate the market entry of competitors. They are also prepared to enter into agreements which would enable competitors to offer tickets on their flights and facilitate access to connecting traffic, as well as to provide access to their frequent flyer programs on all three routes. If the market test confirms that the proposed commitments remedy the competition concerns, the Commission may make them legally binding on the companies. At this stage, the Commission has concerns that the extensive cooperation between Air France/KLM, Alitalia and Delta in the framework of the Skyteam alliance, involving profit-sharing and the joint management of schedules, pricing and capacity, may result in higher prices on the following routes: Paris-New York, Amsterdam-New York and Rome-New York. The parties have jointly offered a set of commitments, to alleviate the Commission's concerns. The commitments are primarily aimed at enabling competing airlines to start operating or extend existing operations on the affected routes by lowering barriers to entry or expansion. The airlines offered to make available landing and take-off slots at Amsterdam, Rome and/or New York John F. Kennedy/Newark Liberty airports on the Amsterdam-New York and Rome-New York routes. The companies committed to enter into fare combinability and special prorate agreements with competitors who start operating new non-stop services or increase their non-stop services on the three routes. For Paris-New York, this also applies to existing non-stop competitors on the route.
October 20, 2014
16:00 EDTNFLXOptions Update; October 20, 2014
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15:36 EDTUTX, TRVNotable companies reporting before tomorrow's open
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12:36 EDTDALOptions with decreasing implied volatility
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12:36 EDTUTXUnited Technologies technical notes ahead of earnings
In the past three months the shares have traded down more than 10%, underperforming the broader averages. The trend is distinctly down in the past three months, but that is part of a larger trend that began after price peaked in early June of this year. The long-term uptrend line has also been broken by this recent price action, leaving the technical picture distinctly bearish. If earnings and outlook continue to be below expectations, next support would be at $99.83. Additional downside objectives, on an increasing scale of bearish news, may be at the following support levels: $96.53, $92.94, and $91.15. If the news surprises on the upside, first major resistance would be at $106.07. A move above that level would put the stock back on a more neutral price path. Additional upside objectives might be at resistance at $109.22, and $110.06.
12:01 EDTNFLXNetflix, Amazon recomended as short ideas by Fred Wilson, Bloomberg reports
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11:42 EDTDALStocks with call strike movement; FB DAL
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06:01 EDTNFLXStocks with implied volatility below IV index mean; EBAY NFLX
Stocks with implied volatility below IV index mean; eBay (EBAY) 27, Netflix (NFLX) 40 according to iVolatility.
October 19, 2014
12:58 EDTUTXUnited Technologies worth a second look, Barron's says
United Technologies stock valuation and dividend yield are starting to look attractive at current levels and if the market rebounds, then the stock should outperform, Barron's contends in its 'The Trader' column. Reference Link
October 17, 2014
16:55 EDTNFLXStocks end volatile week lower amid oil price plunge
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12:38 EDTNFLXNetflix shares 'so far underpriced right now its amazing,' says Cuban
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12:17 EDTNFLXMark Cuban says buying Netflix shares, sees company as M&A target
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11:51 EDTDALStocks with call strike movement; MU DAL
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11:38 EDTNFLXCuban say buying Netflix stock, predicts 'someone will try to buy them'
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10:58 EDTNFLXHBO streaming service may cost around $15 a month, The Information reports
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09:38 EDTNFLXActive equity options trading on
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08:46 EDTDALDelta Air Lines price target raised to $51 from $47 at CRT Capital
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06:24 EDTNFLXStocks with implied volatility below IV index mean; HPQ NFLX
Stocks with implied volatility below IV index mean; HP (HPQ) 31, Netflix (NFLX) 40 according to iVolatility.
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