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Stock Market & Financial Investment News

News Breaks
March 21, 2014
16:33 EDTGEOS, ANN, NKE, RALY, ECYT, WPX, SYMC, GMCROn The Fly: Closing Wrap
Stocks on Wall Street were lower in a session that saw the averages open higher before the Nasdaq quickly reversed lower, with the benchmark S&P 500 and blue-chip Dow joining the tech index in the red late in the session. Volume on each of the major indexes was heavy, with index and stock futures, as well as index and stock options, all set to expire at today's close. Despite today's sell off, each of the averages finished the week with gains larger than 1%. ECONOMIC EVENTS: In the U.S., no notable economic reports were released. COMPANY NEWS: Dow-member Nike (NKE) was the blue-chip index's worst performer, losing $4.06, or 5.12%, to $75.21 after reporting third quarter profit and sales that beat analyst expectations but saying that the devaluation of some developing market currencies will be a "significant drag" on its reported revenue, gross margin and profit in fiscal 2015. The athletic footwear and apparel maker said that excluding forex adjustments, its revenue growth in 2015 should exceed its target range for high-single digit growth... Keurig Green Mountain (GMCR) was scheduled to join the S&P 500 as of today's market close, replacing WPX Energy (WPX), and shares of the coffee maker closed the session down $3.40, or 2.95%, to $112. MAJOR MOVERS: Among the notable gainers was Endocyte (ECYT), up $13.53, or 92.42%, to $28.17 after the company announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency issued "positive opinions" for conditional authorizations for its Vynfinit, Folcepri and Neocepri treatments. The company also announced a Phase 2b lung cancer trial met its primary endpoint, and following the news no fewer than three analyst firms increased their price target on the stock. Also higher was Ann Inc (ANN), up $4.82, or 12.95%, to $42.05 after Golden Gate Capital last night disclosed a 9.5% stake in the retailer and said it plans to leverages its retail and equity experience to create value for shareholders. Among the noteworthy losers was Symantec (SYMC), down $2.70, or 12.94%, to $18.20 after the company last night announced it terminated its CEO, Steve Bennett. No fewer than five analysts downgraded shares of the company following the news. Also lower was Geospace Technologies (GEOS), down $11.16, or 15.07%, to $62.89 after the company disclosed in a regulatory that a $29.4M order the company previously said would occur in its third quarter may be postponed following capital concerns at its customer. INDEXES: The Dow was down 28.35, or 0.17%, to 16,302.70, the S&P 500 was down 5.49, or 0.29%, to 1,866.52, and the Nasdaq was down 42.50, or 0.98%, to 4,276.79.
News For NKE;GMCR;ECYT;ANN;SYMC;RALY;GEOS;WPX From The Last 14 Days
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August 26, 2015
06:40 EDTNKENike upgraded to Positive from Neutral at Susquehanna
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August 24, 2015
18:02 EDTGMCRS&P 500 enters correction territory amid global growth concerns
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14:21 EDTSYMCJMP Securities says pullback in Palo Alto a buying opportunity
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09:45 EDTNKEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bank of America (BAC) upgraded to Outperform from Market Perform at Keefe Bruyette... Bristol-Myers (BMY) upgraded to Neutral from Underweight at Piper Jaffray... Chevron (CVX) upgraded to Neutral from Underperform at BofA/Merrill... Abercrombie & Fitch (ANF) upgraded to Overweight from Neutral... Nike (NKE) upgraded to Outperform from Market Perform at Telsey Advisory... DreamWorks (DWA) upgraded to Buy from Neutral at B. Riley... Caesarstone (CSTE) upgraded to Overweight from Equal Weight at Barclays... TransAlta (TAC) upgraded to Outperform from Market Perform at BMO Capital... Sarepta (SRPT) upgraded to Overweight from Neutral at Piper Jaffray... AutoZone (AZO) upgraded to Buy from Neutral at BofA/Merrill... Royal Dutch Shell (RDS.A) upgraded to Buy from Hold at Jefferies... Allscripts (MDRX) upgraded to Buy from Hold at Argus... China Unicom (CHU) upgraded to Buy from Hold at Jefferies... Ross Stores (ROST) upgraded to Buy from Neutral at Buckingham.
06:20 EDTNKENike upgraded to Outperform from Market Perform at Telsey Advisory
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August 21, 2015
10:46 EDTANNAscena Retail completes acquisition of Ann Inc.
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10:02 EDTSYMCOn The Fly: Analyst Upgrade Summary
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06:48 EDTSYMCSymantec upgraded to Equal Weight from Underweight at Morgan Stanley
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05:51 EDTGMCRStocks with implied volatility below IV index mean; GMCR TEVA
Stocks with implied volatility below IV index mean; Teva (TEVA) 25, Keurig Green Mountain (GMCR) 39 according to iVolatility.
August 20, 2015
05:58 EDTGMCRStocks with implied volatility below IV index mean; GMCR TEVA
Stocks with implied volatility below IV index mean; Teva (TEVA) 23, Keurig Green Mountain (GMCR) 37 according to iVolatility.
05:57 EDTGMCRStocks with implied volatility below IV index mean; GMCR TEVA
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August 19, 2015
17:42 EDTANNS&P announces changes to the S&P 400, 600 indices
S&P SmallCap 600 constituent Sovran Self Storage (SSS) will replace Ann Inc. (ANN) in the S&P MidCap 400, and ePlus (PLUS) will replace Sovran Self Storage in the S&P SmallCap 600 after the close of trading on Friday, August 21. S&P MidCap 400 constituent Ascena Retail Group (ASNA) is acquiring Ann in a deal expected to be completed on or about that date.
17:20 EDTANNSovran Self Storage to replace Ann Inc. in S&P 400 as of 8/21 close
06:12 EDTGMCRStarbucks K-cup momentum is accelerating, says UBS
UBS analyst Keith Siegner says Starbucks (SBUX) is seeing accelerating momentum in the single-serve cup category. The company's K-cup sales increased 36% year-over-year for the four-week period ended August 8, according to Nielsen (NLSN), Siegner tells investors in a research note. Starbucks' K-cup promotion levels ticked up sequentially, but remain well below levels from earlier in the year, the analyst points out. The company's K-Cup portfolio continues to gain share despite increasing price pressure and new market entrants like Dunkin' Brands (DNKN) and McDonald's (MCD), Siegner writes. He keeps a Buy rating on Starbucks with a $63 price target. The stock closed yesterday up 9c to $57.83. Shares of Keurig Green Mountain (GMCR) are down 62% year-to-date in part due to the company's slowing sales in the single-serve cup category.
05:56 EDTGMCRStocks with implied volatility below IV index mean; GMCR GOOG
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August 18, 2015
09:34 EDTANNAnn Inc. to host special shareholder meeting
Special Shareholder Meeting to vote on the acquisition of Ann by Ascena Retail Group whereby Ann will become a wholly-owned subsidiary of Ascena will be held in New York on August 19 at 8 am.
07:29 EDTWPXEnerCom to hold a conference
The Oil & Gas Conference is being held in Denver, Colorado on August 16-20 with webcasted company presentations to begin on August 18 at 10:00 am; not all company presentations may be webcasted. Webcast Link
06:02 EDTGMCRStocks with implied volatility below IV index mean; GMCR GOOG
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August 17, 2015
14:27 EDTSYMCIRS says cyber attack larger than originally thought, AP says
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06:03 EDTGMCRStocks with implied volatility below IV index mean; GMCR GOOG
Stocks with implied volatility below IV index mean; Keurig Green Mountain (GMCR) 38, Google (GOOG) 23 according to iVolatility.
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