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Stock Market & Financial Investment News

News For NYX;ICE;ELOQ;ORCL;ARRS;GOOG;RAD;KMX;FOLD;MDRX From The Last 14 Days
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December 21, 2014
18:57 EDTGOOGChina's Xiaomi raises over $1B in latest funding round, WSJ says
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December 19, 2014
16:35 EDTORCLMarket ends week higher as Fed reassures, oil stabilizes
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11:54 EDTORCLRed Hat soars to 52-week high after beat and raise quarter
Shares of open source software solutions provider Red Hat (RHT) are rallying after the company’s third quarter results surpassed analysts’ consensus estimates and it raised its outlook for fiscal 2015. WHAT'S NEW: Last night, Red Hat reported Q3 adjusted earnings per share of 42c and revenue of $455.9M, topping analysts’ consensus estimates of 40c and $451.39M, respectively. Q3 subscription revenue was $395M, up 15% year-over-year, while operating cash flow of $133M was up 40% year-over-year. CFO Charlie Peters noted that strong performance in the quarter was driven by outstanding sales execution. He said, “performance this quarter with large deals was exceptional, setting new records in number of deals over $5M in a quarter and deals over $10M in a Q3.” Peters also announced his intention to retire in the next twelve months. WHAT’S NOTABLE: Looking ahead to Q4, Red Hat forecast EPS of 40c-41c and revenue of $456M-$459M, compared to consensus of 41c and $459.39M, respectively. The company raised its outlook for FY15 EPS to $1.57-$1.58 from $1.53-$1.55, versus consensus of $1.54. It also boosted the bottom end its FY15 revenue outlook to $1.78B-$1.79B from $1.77B-$1.79B, compared to the consensus of $1.78B. ANALYST REACTION: This morning, four research firms - Piper Jaffray, Stifel, UBS, and Oppenheimer - all raised their respective price targets on Red Hat. Each cited the company’s stronger than expected Q3 results. All four maintained a Buy or equivalent rating on the shares and among the four Oppenheimer took its price target up to the highest level, increasing its target on Red Hat to $80 from $74. PRICE ACTION: In late morning trading, Red Hat rose $6.98, or 11.4%, to $68.48 on nearly three times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $70.13. Including today's advance, the shares have gained approximately 40% over the past 12 months. OTHERS TO WATCH: Other companies in the software and cloud space include Oracle (ORCL), LogMeIn (LOGM) VMware (VMW), and Microsoft (MSFT).
10:29 EDTGOOGHarman's threat from Google more than just smartphones, says Morgan Stanley
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10:19 EDTRADOptions with decreasing implied volatility
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09:28 EDTGOOGVringo updates on litigation with ZTE, Google
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09:28 EDTKMXOn The Fly: Pre-market Movers
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07:55 EDTORCLOracle price target raised to $52 from $49 at Bernstein
Bernstein increased its price target on Oracle after the company reported stronger than expected Q2 results. The firm thinks the company's cloud strategy is succeeding, and it keeps an Outperform rating on the shares.
07:42 EDTGOOGEPAM, WisdomTree added to Franchise Pick list at Jefferies
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07:40 EDTKMXCarMax sees FY15 capex about $300M
CarMax said the company currently plans to open eleven stores within 12 months from November 30, one of which represents a store relocation being made in connection with the expiration of a lease. Normal construction, permitting or other scheduling delays could shift the opening dates of any of the stores into a later period. The company currently estimates total capital expenditures will be approximately $300M in FY15. CarMax plans to open 13 stores in FY15 and between 10 and 15 stores in each of the following two fiscal years.
07:36 EDTKMXCarMax reports Q3 EPS 60c, consensus 54c
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07:06 EDTGOOGBlackBerry expands support for cross-platform EMM solution for Android Lollipop
BlackBerry announced that BES12: a cross-platform EMM solution includes support for Android 5.0 Lollipop. BES12 support for Android Lollipop was made available to customers in early November. The capability underscores BlackBerry's commitment to unparalleled security in managing devices from multiple platforms in the enterprise, and further demonstrates the breadth of BES12 functionality.
06:12 EDTORCLStocks with implied volatility below IV index mean; QCOM ORCL
Stocks with implied volatility below IV index mean; Qualcomm (QCOM) 20, Oracle (ORCL) 19 according to iVolatility.
December 18, 2014
18:14 EDTGOOGGoogle's next version of Android to be built directly into cars, Reuters says
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17:58 EDTORCLOracle looks like a 'buy', Barron's says
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16:26 EDTORCLOn The Fly: Closing Wrap
Stocks began the session sharply higher and remained that way for the entire session. The strength was attributed to investor enthusiasm over statements from the Fed about being patient in their approach to raising interest rates. Over the past couple of weeks the price of oil has often dictated the direction of equities, but that was not the case today as a drop in WTI and Brent crude was not followed by a dip in the equity averages. With year-end approaching, money managers may be chasing performance, but they also may be adjusting portfolio’s ahead of tomorrow’s quadruple witching, when market index futures, market index options, stock options, and stock futures all expire. ECONOMIC EVENTS: In the U.S., initial jobless claims fell 6K to 289K in the week ended December 13, versus expectations for 295K first-time claims. Markit's flash December Services PMI reading came in at 53.6, which was below the consensus 56.3 forecast. The Philadelphia Fed survey of business conditions index drop to 24.5 in December from November's unexpectedly high 40.8 reading, though the steep pullback was in-line with the consensus forecast. The November index of leading economic indicators rose 0.6%, as expected. In Europe, U.K. retail sales including auto fuel increased 1.6% in November, widely topping economists' forecast for a 0.4% gain. Germany's Ifo business climate index advanced to 105.5 in December from 104.7 in the prior month, narrowly topping expectations. COMPANY NEWS: Oracle (ORCL) rallied $4.19, or 10.18%, to $45.35 after the company’s second quarter results surpassed consensus estimates. Analyst commentary was mixed, with research firms Canaccord and FBR Capital raising their price targets on the stock to $50 and $48, respectively, while JPMorgan said it expects consensus estimates for Oracle to be reduced and Oppenheimer said that it thinks the transition to the cloud is increasing pressure on the company's financial model and restraining EPS growth. MAJOR MOVERS: Among the notable gainers was OvaScience (OVAS), which rose $8.26, or 23.63%, to $43.22 after the company said it has achieved its 2014 corporate goals to advance its three fertility treatment options and its stock was upgraded to Outperform at Wedbush. Also higher was Tetraphase Pharmaceuticals (TTPH), which gained $4.81, or 14.49%, to $38.00 after a study of the company's eravacycline antibiotic met its primary endpoint and more than one research firm said the trial results make the company a more likely takeover target. Among the noteworthy losers was Silicon Image (SIMG), which dropped $1.84, or 27.3%, to $4.90 after the company warned it expects a year-over-year revenue decline in 2015 of about 10% due to a reduction in mobile design wins at one of its largest customers. Also lower were shares of RCS Capital (RCAP), which fell $1.81, or 15.39%, to $9.95 after its Executive Chairman of the Board, Nicholas Schorsch, was reportedly accused of directing two executives at American Realty Capital Properties (ARCP), where he was formerly the Chairman, to manipulate quarterly financial results. INDEXES: The Dow gained 421.28, or 2.43%, to 17,778.15, the Nasdaq advanced 104.08, or 2.24%, to 4,748.40, and the S&P 500 rose 48.34, or 2.4%, to 2,061.23.
15:21 EDTKMXNotable companies reporting before tomorrow's open
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14:53 EDTKMXCarmax December 60 straddle priced for 7.3% movement into Q3
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14:00 EDTGOOGEarnings Preview: BlackBerry upped at BGC, Goldman says short squeeze possible
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12:26 EDTORCLOn The Fly: Midday Wrap
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11:49 EDTORCLOracle soars to 52-week high after Q2 results beat estimates
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11:04 EDTORCL, RADOptions with decreasing implied volatility
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10:41 EDTRADHigh option volume stocks
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10:24 EDTORCLOracle hits fresh 52-week high after results, levels to watch
The shares were last at $44.85, up over 8.9%. At that price resistance is at the 52-week high set this morning at $44.98 and then at $46.46, the lifetime high from 2000. Support is at $43.81.
09:35 EDTRADActive equity options trading
Active equity options trading according to Track Data: AAPL FB TSLA PBR RAD AMAT NFLX GILD KMI TWTR
09:21 EDTRAD, ORCLOn The Fly: Pre-market Movers
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08:40 EDTKMXCarMax volatility elevated into Q3 and booking outlook
Carmax December call option implied volatility is at 125, January is at 43, April is at 31; compared to its 26-week average of 32 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on December 19.
08:37 EDTORCLOracle Q2 solid, guidance 'good enough,' says FBR Capital
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08:25 EDTORCLPressure on Oracle financials increasing, says Oppenheimer
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07:56 EDTICENYSE says raised $182B in 545 transactions in 2014
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07:30 EDTORCLOracle price target raised to $50 from $48 at Canaccord
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07:04 EDTORCLOracle execution solid, results strong, says Cantor
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07:04 EDTRADRite Aid raises FY15 EPS view to 31c-37c, consensus 31c
Raises FY15 revenue view to $26.25B-$26.4B, consensus $26.43B. Raises FY15 SSS view to up 3.75%-4.25% over FY14. Previous FY15 EPS view was 22c-33c, FY15 revenue view was $26B-$26.3B. Sees FY15 adjusted EBITDA $1.275B-$1.305B, CapEx $525M.
07:02 EDTRADRite Aid reports Q3 EPS 10c, consensus 5c
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06:57 EDTORCLOracle consensus estimates to be revised lower, says JPMorgan
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06:50 EDTGOOGGoogle to seek dismissal of Android antitrust lawsuit, Reuters reports
Google (GOOG) will try to convince a federal judge today to dismiss a lawsuit alleging that its practices related to its Android operating system violate antitrust laws, according to Reuters. The plaintiffs allege that Google forces handset makers to restrict competing apps such as Microsoft's (MSFT) search engine, Bing, the news service stated. Reference Link
06:38 EDTGOOGGoogle signs Karbonn to Android One project, 9to5Google reports
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06:17 EDTICEIntercontinentalExchange wants to revamp U.S. stock market, WSJ reports
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06:01 EDTRADStocks with implied volatility above IV index mean; CX RAD
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06:00 EDTORCLOracle guidance in-line with factoring in currency, says Jefferies
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December 17, 2014
18:34 EDTORCLOn The Fly: After Hours Movers
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18:08 EDTORCLOracle up almost 5% to $43.18 after Q2 results and guidance
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17:49 EDTORCLOracle sees currency volatility affecting Q3 EPS by 4c, revenue by 4%
Comment made on Q2 earnings conference call.
17:15 EDTORCLOracle sees Q3 EPS in constant currency 69c-74c, consensus 73c
Sees Q3 constant currency revenue growth up 4%-8%, consensus $9.69B.
16:07 EDTORCLOracle trades higher after results, first look
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16:05 EDTORCLOracle total Q2 new cloud bookings grew at a rate of more than 140%
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16:03 EDTORCLOracle says Q2 total Software plus Cloud revenue was up 5% to $7.3B
Software and Cloud Revenues was up 5% to $7.3 billion. Cloud software-as-a-service, platform-as-a-service and infrastructure-as-a-service revenue was up 45% to $516M Hardware Systems revenues were up 1% to $1.3B. GAAP operating income was up 4% to $3.5B, and the GAAP operating margin was 37%. Non-GAAP operating income was up 3% to $4.4B, and the non-GAAP operating margin was 46%. GAAP net income was down 2% to $2.5 billion while non-GAAP net income was down 1% to $3.1B.
16:01 EDTORCLOracle reports Q2 EPS 69c, consensus 68c
Reports Q2 revenue $9.6B, consensus $9.52B.
15:28 EDTORCLOracle December 41 straddle priced for 4.3% movement into Q2
15:18 EDTRADNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Accenture (ACN), consensus $1.20; ConAgra (CAG), consensus 61c; Rite Aid (RAD), consensus 5c; Sanderson Farms (SAFM), consensus $4.01; Actuant (ATU), consensus 42c.
15:18 EDTORCLNotable companies reporting after market close
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13:59 EDTORCLEarnings Preview: Analysts split on Oracle ahead of Q2 report
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13:19 EDTORCLOracle December volatility increases into Q2 and outlook
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11:09 EDTGOOGFormer Hulu CEO gears up to launch Vessel, Re/code reports
Former Hulu CEO Jason Kilar is getting ready to launch a web video service called Vessel, which utilizes YouTube stars, Re/code reports. Reference Link
10:02 EDTGOOGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Google (GOOG) upgraded to Buy from Hold at Pivotal Research... Twitter (TWTR) upgraded to Buy from Hold at Pivotal Research... Aaron's (AAN) upgraded to Buy from Hold at KeyBanc... Calpine (CPN) upgraded to Buy from Hold at Deutsche Bank... Check Point (CHKP) upgraded to Buy from Hold at Deutsche Bank... Columbia Sportswear (COLM) upgraded to Buy from Neutral at Goldman... Dakota Plains Holdings (DAKP) upgraded to Buy from Hold at Canaccord... SunCoke Energy (SXC) upgraded to Outperform from Neutral at Credit Suisse... Taylor Morrison (TMHC) upgraded to Buy from Hold at Evercore ISI... Teck Resources (TCK) upgraded to Buy from Neutral at UBS... VeriFone (PAY) upgraded to Overweight from Equal Weight at Barclays... Motorola Solutions (MSI) upgraded to Buy from Hold at Argus... Approach Resources (AREX) upgraded to Neutral from Reduce at Global Hunter... HealthSouth (HLS) upgraded to Outperform from Market Perform at Raymond James... QLogic (QLGC) upgraded to Overweight from Equal Weight at Morgan Stanley... Baker Hughes (BHI) upgraded to Focus List from Outperform at Howard Weil... Kansas City Southern (KSU) upgraded to Overweight from Equal Weight at Stephens... BlackBerry (BBRY) upgraded to Buy from Hold at BGC Financial.
09:41 EDTGOOGActive equity options trading
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08:47 EDTGOOGGoogle upgraded to Buy from Hold at Pivotal Research
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07:28 EDTKMXCarMax should be bought on any weakness, says Oppenheimer
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06:44 EDTGOOG, ORCLGoogle opponents lobbying state attorneys general, NY Times says
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06:12 EDTGOOGBaidu to take stake in Uber, Reuters reports
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December 16, 2014
14:50 EDTGOOGGoogle volatility increases as shares trends to 13-month low
Google December call option implied volatility is at 27, January is at 26, February is at 29, March is at 27; compared to its 26-week average of 22 according to Track Data, suggesting large near tem price movement.
12:55 EDTORCLOracle December volatility increases into Q2 and outlook
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10:01 EDTGOOGGoogle, Verizon enter into global patent licensing agreement
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09:59 EDTRADOn The Fly: Analyst Upgrade Summary
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08:03 EDTORCLUnisys names Peter Altabef as new CEOOracle
Unisys Corporation (UIS) announced that it has named Peter Altabef as President and CEO, effective January 1, 2015. At that time Altabef also will join the company's board of directors. Altabef was most recently President and CEO of MICROS Systems from January 2013 until the completion in September 2014 of its acquisition by Oracle (ORCL). Paul Weaver, currently interim Chairman of the Unisys board, will become Chairman, effective January 1, 2015.
06:57 EDTGOOGGoogle price target lowered to $600 from $670 at JPMorgan
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06:28 EDTRADRite Aid upgraded to Buy from Neutral at UBS
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06:25 EDTGOOGGoogle facing Dutch privacy fine of up to $19M, WSJ reports
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December 15, 2014
15:05 EDTGOOGGoogle to step up challenge to Amazon with new shopping features, WSJ says
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12:41 EDTGOOGGoogle to shutter Russian engineering office, Guardian reports
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12:36 EDTGOOGVringo will seek Supreme Court review of court's reversal of Google judgement
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10:00 EDTORCLOn The Fly: Analyst Upgrade Summary
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09:27 EDTORCLOn The Fly: Pre-market Movers
HIGHER: Opko Health (OPK), up 13.1% after Pfizer (PFE) and OPKO Health enter into global agreement for hGH-CTP... Cirrus Logic (CRUS), up 7.5% after being upgraded to Overweight from Underweight at Barclays... PetSmart (PETM), up 4.7% after being acquired by BC Partners led consortium for $83 per share... Sohu.com (SOHU), up 3% after being upgraded to Overweight from Neutral at JPMorgan... Oracle (ORCL), up 2.2% after receiving FedRAMP provisional authority to operate. LOWER: Unwired Planet (UPIP), down 25.7% after commenting on Google (GOOG) Markman ruling... EXCO Resources (XCO), down 13% after suspending its dividend.
09:03 EDTORCLOracle achieves FedRAMP provisional authority to operate
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08:52 EDTARRSARRIS management to meet with Brean Capital
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07:33 EDTORCLOracle upgraded at Morgan Stanley
As previously reported, Morgan Stanley upgraded Oracle to Overweight from Equal Weight. The firm's surveys indicate improving Cloud Apps growth in 2015 against low expectations and weak sentiment, favorable adoption of the new 12c database options next year, and improved perception value in Engineered Systems. Price target is $50.
07:24 EDTKMXCarMax
Carmax December call option implied volatility is at 89, January is at 41, April is at 44; compared to its 26-week average of 32 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on December 19.
06:34 EDTORCLOracle upgraded to Overweight from Equal Weight at Morgan Stanley
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06:32 EDTGOOGUnwired Planet commented on Google Markman ruling
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December 12, 2014
10:01 EDTORCLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BreitBurn Energy (BBEP) downgraded to Hold from Buy at Wunderlich... CIBC (CM) downgraded to Underperform from Neutral at Credit Suisse... Costco (COST) downgraded to Neutral from Buy at Janney Capital... Discovery (DISCA) downgraded to Sector Perform from Outperform at RBC Capital... Emerald Oil (EOX) downgraded to Neutral from Accumulate at Global Hunter... Goodrich Petroleum (GDP) cut to Underweight on lower oil at JPMorgan... Hain Celestial (HAIN) downgraded to Sector Perform from Outperform at RBC Capital... Hovnanian (HOV) downgraded to Neutral from Buy at Compass Point... Mindray Medical (MR) downgraded to Underweight from Equal Weight at Morgan Stanley... Morgan Stanley (MS) downgraded to Neutral from Buy at Buckingham... Oracle (ORCL) resumed with a Neutral from Overweight at Piper Jaffray... Rackspace (RAX) downgraded to Underperform from Neutral at DA Davidson... Zayo Group (ZAYO) downgraded to Neutral from Buy at BTIG.
09:35 EDTGOOGActive equity options trading
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07:30 EDTGOOGAmazon forced to remove app from Google Play store, TechCrunch reports
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07:24 EDTORCLOracle December volatility elevated into Q2 and outlook
Oracle December call option implied volatility is at 40, January is at 26, March is at 22; compared to its 26-week average of 22 according to Track Data suggesting larger near term price movement into the expected release of Q2 results after the close on December 17.
07:21 EDTARRSARRIS still in early stages of growth cycle, says Brean Capital
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07:18 EDTGOOGCato Institute holds a conference
2014 Cato Institute Surveillance Conference is being held in Washington, D.C. on December 12 with webcasted presentations to begin at 9 am. Webcast Link
06:40 EDTORCLOracle resumed with a Neutral from Overweight at Piper Jaffray
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06:05 EDTGOOGGoogle to shut down engineering operations in Russia, The Information reports
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December 11, 2014
10:17 EDTGOOGCiti upbeat on Google in face of pending Apple decision on Safari
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08:53 EDTGOOGBritain lays out details for proposed 25% 'Google Tax,' WSJ reports
U.S. technology giants such as Google (GOOGL, GOOG), Facebook (FB), Microsoft (MSFT) and Apple (AAPL) have come under fire in Britain for the relatively small corporate taxes they pay there and the U.K. government detailed plans for a new 25% tax on profits of multinational technology and other companies, reported The Wall Street Journal. Reference Link
08:09 EDTGOOGGoogle shares pricing in loss of Apple search deal, says Citigroup
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07:32 EDTFOLDAmicus Therapeutics to submit EU MAA for migalastat HCl
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07:24 EDTICEIntercontinentalExchange not currently planning to sell NYSE, Reuters reports
Intercontinental Exchange CEO Jeffrey Sprecher said there are no immediate plans to sell the New York Stock Exchange, Reuters reports, citing comments made at a Goldman Sachs conference. Sprecher said the NYSE could have the fastest EPS growth of all the businesses ICE operates, and expects it will become more profitable as a result of ongoing restructuring. Reference Link
06:17 EDTGOOGGoogle to shut Google News service in Spain
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December 10, 2014
09:36 EDTKMXActive equity options trading
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December 9, 2014
16:19 EDTICEAMD announces move to NASDAQ
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06:14 EDTGOOGGoogle launches Street View in Dubai
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06:00 EDTGOOGSalesforce.com names YouTube CEO Susan Wojcicki to board
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December 8, 2014
15:08 EDTICEIntercontinentalExchange sees EUR 96.8M proceeds from sale of Euronext stake
Intercontinental Exchange announced the pricing of the placement of 4.2M shares in Euronext, representing approximately 6% of Euronext’s share capital, by way of an accelerated book-building to institutional investors. The gross proceeds to ICE from the sale amount to EUR 96.8M. Following the sale, which is expected to close on December 11, ICE will no longer hold any of Euronext’s shares or voting rights and the transaction marks the final exit from Euronext by ICE initiated in 2014, the company said.
11:41 EDTICEIntercontinentalExchange to sell remaining shares in Euronext
Intercontinental Exchange announced its intention to sell approximately 4.2M shares in Euronext N.V., representing approximately 6% of Euronext’s share capital, by way of an accelerated book-building to institutional investors. Following the sale, assuming all shares are sold, ICE will no longer hold any of Euronext’s share capital and voting rights. This transaction marks the final exit from Euronext by ICE, in line with its previously announced strategy. ICE received a waiver of the lock-up agreement entered into at the time of the Euronext initial public offering in June 2014, which was due to expire on December 21. The shares will be offered by way of a private placement to institutional investors. The book-building will commence immediately. ICE reserves the right to close the books at short notice. Pricing and allocations will be determined at the conclusion of the offering and are expected to be announced in a separate press release.
December 7, 2014
13:47 EDTGOOGGoogle could reach $634 in a year, Barron's says
Google shares look attractive at current levels and shares could reach $634.00 in a year, driven by stabilizing ad pricing, Barron's contends in a feature article. Reference Link
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