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News Breaks | | | | June 15, 2012 | | 12:21 EDT |  | NOK, YPF, NAV, TTWO, IIVI | On 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. | |
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News For NOK;YPF;NAV;TTWO;IIVI From The Last 14 Days Check below for free stories on NOK;YPF;NAV;TTWO;IIVI the last two weeks. |
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| May 16, 2013 | | 08:49 EDT |  | NAV | Navistar sells recreational vehicle business
 Subscribe for More Information | | | 06:03 EDT |  | YPF | YPF, Chevron agree to terms of Argentina shale investment, Reuters reports
Subscribe for More Information | | | May 15, 2013 | | 07:35 EDT |  | NOK | JPMorgan to host a conference
41st Annual Global Technology, Media & Telecom Conference is being held in Boston on May 14-16 with webcasted company presentations to begin on May 15 at 8 am; not all company presentations may be webcasted. Webcast Link | | | May 14, 2013 | | 13:21 EDT | | TTWO | Take-Two rises after results beat expectations
Subscribe for More Information | | | 11:41 EDT |  | TTWO | High option volume stocks: DANG RLGY JNY TTWO OPTR
| | | 09:21 EDT |  | TTWO | Take-Two an interesting idea but sector cautious, says RW Baird
Subscribe for More Information | | | 09:14 EDT | | TTWO | On The Fly: Pre-market Movers
Subscribe for More Information | | | 08:53 EDT | | TTWO | Take-Two price target raised to $21 from $17 at Sterne Agee
Subscribe for More Information | | | 08:29 EDT | | TTWO | Take-Two price target raised to $20 from $16 at BMO Capital
BMO Capital increased its price target on Take-Two after the company reported significantly better than expected Q4 results. The firm believes that the company is poised for strong growth in FY14, but it keeps a Market Perform rating on the shares. | | | 07:27 EDT | | NOK | Nokia introduces Lumia 925 with metal body, PureView camera
Nokia (NOK) introduced the Nokia Lumia 925, which introduces a metal design and includes the most advanced lens technology and next generation imaging software for clearer, sharper pictures and video, including the best low light images. The Nokia Lumia 925 also introduces the new Nokia Smart Camera mode, coming as an update to all Lumia Windows Phone 8 smartphones. The Lumia 925 is being introduced into Europe with Vodafone (VOD), along with other operator and retail partners. In addition to Europe, the Nokia Lumia 925 will be introduced into the US by T-Mobile (TMUS) and into China by China Mobile (CHL) and China Unicom (CHU). Sales are expected to start in the U.K., Germany, Italy, Spain and China in June, followed by the U.S. and a number of other markets. | | | | 06:22 EDT | | NOK | Gartner reports Q1 mobile phone sales growth
Subscribe for More Information | | | 05:55 EDT | | NOK | Stocks with implied volatility movement; NOK MDLZ
Subscribe for More Information | | | May 13, 2013 | | 18:56 EDT | | TTWO | On The Fly: After Hours Movers
Subscribe for More Information | | | 17:17 EDT | | TTWO | Take-Two up 66c, or 4.03%, to $17.05 after earnings, guidance
Subscribe for More Information | | | 17:17 EDT | | TTWO | Take-Two CEO says will be profitable in FY15 and beyond
Subscribe for More Information | | | 16:23 EDT |  | TTWO | Take-Two rises after results and guidance, first look
Shares are up over 4% in the extended session following earning and guidance. The company beat on its Q4 but lowered its outlook to a sharer loss than estimated for its Q1. At the current price of $17.05, resistance is at the 2-year high of $17.58. Support is at $16.51. | | | 16:10 EDT |  | TTWO | Take-Two sees FY14 adjusted EPS $2.05-$2.30, consensus $2.26
Sees FY14 non-GAAP net revenue $1.75B-$1.85B, consensus $1.78B. | | | 16:10 EDT | | TTWO | Take-Two sees Q1 adjusted EPS (70c)-(55c), consensus (3c)
Sees Q1 non-GAAP net revenue $100M-$125M, consensus $217.25M. | | | 16:08 EDT | | TTWO | Take-Two reports Q4 adjusted EPS 38c, consensus 23c
Subscribe for More Information | | | 15:27 EDT | | TTWO | Notable companies reporting after market close
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