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Stock Market & Financial Investment News

News Breaks
June 15, 2012
12:21 EDTNOK, YPF, NAV, TTWO, IIVIOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday in spite of some disappointing domestic economic data, with the market's expectations for more quantitative easing possibly making bad news seem like good news. The averages opened quietly but almost immediately began to move higher. Whenever options are set to expire it can lead to higher volatility and heavier volume. With today being “quadruple witching,” when options, stock index options, single stock futures and stock index futures are all due to expire, the moves can be more extreme. Although the move today was orderly it came on heavier than normal volume, which is a sure sign that options were involved. The market has ignored the poor economic data points, including the industrial production and Empire manufacturing reports, and has added to its gains from earlier in the week... ECONOMIC EVENTS: In the U.S., the Empire state manufacturing report for June reported a drop in the general business conditions index to 2.29, versus expectations of a reading of 13.0. Industrial production fell 0.1% in May, versus expectations that it would remain flat, while manufacturing production declined 0.4%, versus forecasts it would fall 0.3% month-over-month. The University of Michigan consumer confidence reading was 74.1, versus expectations of 77.5. Internationally, this weekend will see the highly anticipated elections in Greece, as well as the second round of France's legislature elections and voting in Egypt that will influence U.S. policy in the Middle East... COMPANY NEWS: Shares of Nokia (NOK) rebounded a bit from yesterday's steep sell-off, gaining back about 6%. The troubled phone maker's shares were upgraded at both Citigroup and Oppenheimer, though the stock was also downgraded at Credit Suisse... MAJOR MOVERS: Among the notable gainers were YPF SA (YPF), up 20%, after Carlos Slim reported an 8.4% stake in the company, and Navistar (NAV), up almost 8%, after hedge fund MHR Fund Management disclosed a 13.6% stake. Noteworthy losers included II-VI (IIVI), down 11%, after giving a near-term and longer-term earnings view below consensus estimates, and Take-Two (TTWO), down more than 3%, as one of a number of video game makers falling after research firm NPD reported that U.S. video game sales plunged a greater than expected 28% in May... INDICES: Near noon, the Dow was up 62.32, or 0.49%, to 12,714.23; the Nasdaq was up 18.71, or 0.66%, to 2,855.04; and the S&P 500 was up 7.37, or 0.55%, to 1,336.47.
News For NOK;YPF;NAV;TTWO;IIVI From The Last 14 Days
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August 29, 2014
12:49 EDTTTWOStocks with increasing volume options volume
Stocks with increasing volume options volume: OXY HD RSH UTHR IRF TTWO CONN
12:00 EDTTTWOTake-Two rises after speculated as potential Activision target
Shares of video game maker Take-Two (TTWO) are rising after an analyst speculated that it could be acquired by another company in the space, Actvision Blizzard (ATVI). WHAT'S NEW: Dan Houser. the co-founder of key Take-Two division Rockstar Games, appears to be quite fond of Hollywood and Los Angeles, as many of Rockstar's games involve that genre, Benchmark analyst Mike Hickey wrote in a note to investors today. Additionally, there is speculation that Take-Two Interactive could be considering a movie based on Rockstar's hit Grand Theft Auto game, according to the analyst, who adds that Rockstar would control the development of the movie. Activision is based near Los Angeles and it may be in the process of entering the movie business, according to Hickey. Activision's possible foray into movies could stem partly from the larger company being interested in Take-Two, Hickey contended. Such an acquisition would be a "no-brainer" for Activision, given Take-Two's strong development talent and intellectual property, along with its nearly $1B in cash and attractive valuation, the analyst stated. He kept Buy ratings on both stocks. PRICE ACTION: In late morning trading, Take-Two rallied 4% to $23.39 and Activision advanced 0.4% to $23.44.
11:29 EDTTTWOTake-Two calls active, could be Activision takeover target, says Benchmark Co.
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11:23 EDTNOKNokia enters licensing agreement with Samsung, releases HERE for Android
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11:21 EDTTTWOTake-Two could be Activision takeover target, says Benchmark Co.
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August 28, 2014
13:56 EDTNOKNokia Here division teases 'Here for Gear' announcement for tomorrow
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12:39 EDTYPFYPF executes shale deal with Petronas
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07:29 EDTNOKNokia removed from Europe 1 List at BofA/Merrill
August 25, 2014
19:58 EDTNOKRoyalty cap for Nokia, Microsoft deal may be ordered by S. Korea, Bloomberg says
The Fair Trade Commission of South Korea may implement a cap on royalty fees for Nokia (NOK) patents as a condition when they hold a meeting next month to approve the Microsoft (MSFT), Nokia deal, Bloomberg reports, citing the Seoul Economic Daily. Reference Link
08:01 EDTTTWO2K says WWE SuperCard exceeds 1.5M downloads in first week
2K (TTWO) announced the larger-than-life, action-packed collectible card game, WWE (WWE) SuperCard, was downloaded more than 1.5 million times during its first week of release.
August 24, 2014
20:18 EDTYPFYPF discovers new gas and oil reserves in Santa Cruz, Buenos Aires Herald says
Argentina-based YPF has discovered new gas and oil reserves in the province of Santa Cruz, says the Buenos Aires Herald. The new reserves have the potential to produce more than 200,000 cubic metres of gas and 370 barrels of oil per day, added the Buenos Aires Herald. Reference Link
August 22, 2014
11:59 EDTTTWOGameStop surges after Q2 EPS, revenue beat expectations
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August 21, 2014
10:22 EDTYPFOptions with decreasing implied volatility
Options with decreasing implied volatility: AMPE FOLD VHC ACHN JCP WB JD YPF
07:18 EDTNAVJuly Class 8 sales rose 16% year-over-year, says JPMorgan
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05:52 EDTNOKStocks with implied volatility movement; NOK WLT
Stocks with implied volatility movement; Nokia (NOK) 30, Walter Energy (WLT) 62 according to iVolatility.
August 19, 2014
10:42 EDTYPFOptions with decreasing implied volatility
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August 18, 2014
10:57 EDTYPFOptions with decreasing implied volatility
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