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Stock Market & Financial Investment News

News Breaks
June 27, 2014
16:27 EDTMTW, DD, AMED, MNKD, NKE, DG, FINLOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a late day rise allowed all of the major averages to end the week on a high note. The averages began the session in negative territory but soon turned mixed. The Nasdaq was able to hold its head above water for most of the session while the Dow struggled for most of the day under the weight of DuPont (DD) shares, which were down more than 3% after the company lowered its guidance. ECONOMIC EVENTS: In the U.S., the final University of Michigan consumer sentiment index for June rose to 82.5, which beat the consensus expectation for a reading of 81.9. COMPANY NEWS: Shares of athletic apparel and footwear giant Nike (NKE) and sports shoe retailer Finish Line (FINL) climbed after both companies reported better than expected quarterly sales and profits. Dow member Nike rose 82c, or 1.07%, to $77.68, while Finish Line advanced 41c, or 1.41%, to $29.56... Another member of the Dow Jones Industrial Average, DuPont, moved in the opposite direction, falling $2.26, or 3.34%, to $65.44 after the industrial conglomerate cut its earnings outlook for its second quarter and its current fiscal year. MAJOR MOVERS: Among the notable gainers was Amedisys (AMED), which rose $4.01, or 29.81%, to $17.46 and was upgraded at CRT Capital after the company gave Q2 guidance. Also higher was Manitowoc (MTW), which gained $3.22, or 10.84%, to $32.93 and was upgraded to Hold at Jefferies after activist Relational Investors took an 8.5% stake in the company and urged for a spin-off of its food business. Among the noteworthy losers was discount retailer Dollar General (DG), which fell $4.49, or 7.28%, to $57.19 after Chief Executive Officer Rick Dreiling announced plans to retire. Also lower were shares of MannKind (MNKD), which dropped 58c, or 5.48%, to $10.00 after the FDA approved its Afrezza inhalation powder to treat diabetes but required the drug to have a Boxed Warning and required the company to conduct several post-marketing studies on the drug. INDEXES: The Dow was up 5.71, or 0.03%, to 16,851.84, the Nasdaq was up 18.88, or 0.43%, to 4,397.93, and the S&P 500 was up 3.74, or 0.19%, to 1,960.96.
News For NKE;DD;FINL;MNKD;MTW;DG;AMED From The Last 14 Days
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November 19, 2014
15:15 EDTDGDollar General affirms commitment to Family Dollar deal, says FTC review ongoing
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15:14 EDTDGDollar General says actively engaged in ongoing FTC review process for deal
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15:13 EDTDGDollar General affirms commitment to Family Dollar acquisition
06:39 EDTDGDollar General may have to sell over 4K stores for deal approval, NY Post says
The Federal Trade Commission may require Dollar General (DG) to sell more than 4,000 of its stores to gain approval of its deal to buy Family Dollar (FDO), according to The New York Post. Dollar General had previously said that it was willing to sell 1,500 of its stores to facilitate the deal, the newspaper stated. Reference Link
November 18, 2014
09:56 EDTMTWOn The Fly: Analyst Upgrade Summary
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09:20 EDTMTWOn The Fly: Pre-market Movers
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08:54 EDTNKENike initiated with a Hold at BB&T
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08:54 EDTNKENike initiated with a Hold at BB&T
07:31 EDTNKESignet Jewelers names Daniel Shull as Chief Information Officer
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05:42 EDTMTWManitowoc upgraded to Buy from Hold at Jefferies
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November 17, 2014
09:00 EDTDGDollar General says now accepting American Express cards
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08:44 EDTDDDuPont management to meet with UBS
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November 16, 2014
19:26 EDTDDDuPont probed on Texas chemical plant accident that left four dead, WSJ says
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November 14, 2014
18:05 EDTMTWRelational Investors gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: None. DECREASED STAKES: Mondelez (MDLZ), Manitowoc (MTW), Clean Harbors (CLH), and Hologic (HOLX). LIQUIDATED STAKES: Ingersoll-Rand (IR), B/E Aerospace (BEAV), Timken (TKR), Hess (HES), and NXP Semiconductors (NXPI).
10:00 EDTNKEOn The Fly: Analyst Downgrade Summary
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06:31 EDTNKENike downgraded to Neutral from Buy at Sterne Agee
Sterne Agee downgraded Nike to Neutral based on valuation.
November 13, 2014
17:00 EDTDDTrian Fund Management gives quarterly update on stakes
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10:01 EDTMTWOn The Fly: Analyst Initiation Summary
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07:57 EDTNKENike positioned to 'significantly increase' dividend, says Nomura
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06:18 EDTMTWManitowoc initiated with a Neutral at Citigroup
Target $24.
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