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Stock Market & Financial Investment News

News For NYX;ICE;MDRX;VVUS;ELOQ;ORCL;RAD;JBL;CAG;BBBY;DFS;FOLD From The Last 14 Days
Check below for free stories on NYX;ICE;MDRX;VVUS;ELOQ;ORCL;RAD;JBL;CAG;BBBY;DFS;FOLD the last two weeks.
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April 23, 2014
07:00 EDTFOLDTerrapinn to hold a conference
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April 22, 2014
16:33 EDTDFSOn The Fly: Closing Wrap
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16:12 EDTDFSDiscover reports Q1 EPS $1.31, consensus $1.25
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15:32 EDTDFSNotable companies reporting after market close
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12:18 EDTORCLBofA/Merrill's software analysts hold an analyst/industry conference call
Software Analysts, along with Ray Wang, Principal Analyst & CEO at Constellation Research, provide their perspectives on pertinent topics in the software industry and how disruptive technologies impact cross channel commerce and technology optimization on an Analyst/Industry conference call to be held on April 25 at 11 am.
08:51 EDTBBBYBed Bath & Beyond settles with NY AG over hiring practices
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07:24 EDTDFSSourceMedia to hold a forum
26th Annual Card Forum & Expo is being held in Orlando on April 22-25.
April 21, 2014
10:01 EDTJBLOn The Fly: Analyst Downgrade Summary
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09:32 EDTJBLJabil Circuit downgraded at RBC Capital
As noted earlier, RBC Capital downgraded Jabil Circuit (JBL) to Sector Perform from Outperform. As reasons for the downgrade, the firm cited concerns about Jabil circuit's largest customer, Apple (AAPL), as well as its belief that Jabil's FY15 guidance appears to reflect a best-case scenario. Target to $20 from $21.
06:51 EDTICENYSE, BofA among those sued regarding high-frequency trading, Bloomberg says
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06:17 EDTJBLJabil Circuit downgraded to Sector Perform from Outperform at RBC Capital
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April 16, 2014
17:15 EDTDFSDiscover announces $3.2B share repurchase, increases dividend to 24c per share
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10:45 EDTBBBY, RADOptions with decreasing implied volatility: BBBY INFY RAD FDO
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09:03 EDTMDRXAllscripts should see core business stability, says RW Baird
Baird said recent restructuring actions and strong bookings at Allscripts will lead to predictable P&L performance and help narrow its valuation discount to its peers. The firm maintains an Outperform rating and $23 price target on Allscripts.
07:41 EDTICEICE owner purchases Algo Technologies, Bloomberg says
The new owner of IntercontinentalExchange has been exploring matching engine software and purchased Algo Technologies in response to that, according to Bloomberg, citing two people familiar with the matter. The sources said that Algo Technologies is a firm that claims to have the industry’s quickest matching engine. Reference Link
April 15, 2014
10:18 EDTBBBY, RADOptions with decreasing implied volatility: BBBY INFY STZ RAD
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10:00 EDTMDRXOn The Fly: Analyst Initiation Summary
Allscripts (MDRX) reinstated with an Outperform at Raymond James... Amber Road (AMBR) initiated with a Buy at Canaccord... Autonation (AN) coverage assumed with a Market Perform at Wells Fargo... BG Group (BRGYY) initiated with an Outperform at BMO Capital... Borderfree (BRDR) initiated with a Buy at Canaccord... Dean Foods (DF) initiated with a Buy at BB&T... Destination XL (DXLG) initiated with a Buy at Ascendiant... Group 1 Automotive (GPI) coverage assumed with a Market Perform at Wells Fargo... Halozyme (HALO) initiated with a Buy at Citigroup... MakeMyTrip (MMYT) initiated with a Neutral at Goldman... Penske Automotive (PAG) coverage assumed with a Market Perform at Wells Fargo... RPM (RPM) initiated with an Outperform at Wells Fargo... RSP Permian (RSPP) initiated with a Buy at KLR Group... Repligen (RGEN) initiated with a Buy at Jefferies... Spansion (CODE) initiated with a Buy at Sterne Agee... Statoil (STO) initiated with a Market Perform at BMO Capital... TPG Specialty Lending (TSLX) initiated with a Buy at BofA/Merrill... Versartis (VSAR) initiated with a Buy at Citigroup... WWE (WWE) initiated with a Buy at Needham... WebMD (WBMD) reinstated with a Strong Buy at Raymond James.
09:27 EDTCAGConAgra sent FDA warning letter following inspection of sunflower seed plant
In a warning letter posted to the FDA website, dated April 7, the regulator alerted ConAgra that investigators documented insanitary conditions during inspections of the company's sunflower seed manufacturing plant in Missouri held on January 8-10, 13-16, 21, and 27. Reference Link
08:26 EDTDFSDiscover reports March charge-offs 1.81% vs. 1.81% last month
Reports March delinquencies 1.57% vs. 1.61% last month.
07:28 EDTICESEC officials weighing curbs on trading fees, WSJ says
SEC officials, including some commissioners, are considering a trial program to curb "maker-taker" fee plans that are a major source of revenue for exchanges and some high-frequency trading firms, according to The Wall Street Journal. Fund managers, including BlackRock (BLK), are concerned about the negative effects of maker-taker, the report added. IntercontinentalExchange (ICE) CEO Jeffrey Sprecher, along with representatives from T. Rowe Price (TROW) and from RBC Capital (RY), recently held a series of private meetings with SEC Chairman Mary Jo White to push for its elimination, according to the report, citing people familiar with the matter. Like IntercontinentalExchange, which owns the New York Stock Exchange, Nasdaq (NDAQ) is a publicly-traded exchange operator. Reference Link
April 14, 2014
16:51 EDTMDRXAllscripts reinstated with an Outperform at Raymond James
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12:01 EDTICEIntercontinentalExchange sets new daily record for ICE NYH RBOB futures
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10:58 EDTRAD, BBBYOptions with decreasing implied volatility: BBBY FDO STZ RAD
06:52 EDTRADRite Aid price target raised to $9 from $7 at Deutsche Bank
Deutsche Bank raised its price target for Rite Aid shares to $9 from $7 citing the company's strong Q4 results and outlook. The firm believes Rite Aide is transitioning from a turnaround to growth story and it keeps a Buy rating on the stock.
April 11, 2014
12:42 EDTBBBYOn The Fly: Analyst Downgrade Summary
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10:46 EDTBBBYOptions with decreasing implied volatility: MNKD QCOR NQ WWE BBBY
09:37 EDTRADActive equity options trading on open
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09:24 EDTORCLOracle management to meet with JPMorgan
Meeting to be held in Chicago on April 17 hosted by JPMorgan.
07:06 EDTORCLOracle management to meet with Deutsche Bank
Meeting to be held in Frankfurt on April 11 hosted by Deutsche Bank.
07:06 EDTVVUSVIVUS announces avanafil clinical data presentation
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April 10, 2014
16:39 EDTRADOn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower as selling pressure took hold early in the session and did not relent. The averages closed near their worst levels, with the tech-heavy Nasdaq down more than 3%. With today's close, each of the major indexes is now lower for the year. ECONOMIC EVENTS: In the U.S., initial claims for unemployment benefits fell to 300K last week, hitting their lowest weekly level since May 2007. The the timing of Easter and Passover, as well as other seasonal factors, however, may have lead many to discount the figure. Export prices rose 0.8% in March, while import prices grew 0.6%, both of which were greater than expected advances. In China, exports fell 6.6% from a year earlier in March, while imports plunged 11.3%. Economists had predicted year-over-year gains for both. COMPANY NEWS: eBay (EBAY) and activist investor Carl Icahn settled their proxy contest, with Icahn withdrawing both his two board nominees and his proposal for eBay to spin off its PayPal unit. As part of its agreement with Icahn, eBay will expand the number of independent directors on its board to 10 and add David Dorman to serve in that capacity. The online retail marketplace was among the many tech names suffering losses, closing the session down $1.81, or 3.24%, at $54.08... Ally Financial (ALLY), formerly the auto finance and financial services arm of General Motors (GM), lost $1.02, or 4.08%, to close at $23.98 in its first day of trade following its return to the public markets after having price its return offering at $25.00 per share... General Motors made news again as well by confirming that two of its engineers have been placed on paid leave as part of the company's ongoing ignition switch recall probe. The company also added ignition lock cylinders to its safety recall of 2.2 million vehicles in the U.S. and said it expects to take a $1.3B charge in the first quarter due to recall-related repairs... MAJOR MOVERS: Among the notable gainers was drugstore operator Rite Aid (RAD), which rose 54c, or 8.44%, to $6.94 after reporting earnings and revenue and that beat expectations and giving a revenue outlook for its fiscal 2015 that came in above estimates. Also higher following a better than expected earnings report was casual restaurant owner Ruby Tuesday (RT), which advanced 72c, or 12.08%, to $6.68. Among the noteworthy losers was data security solutions provider Imperva (IMPV), down $21.73, or 43.7%, to $28.00 which plunged 41% after the company slashed its first quarter profit and sales outlook. Another name in computer security, FireEye (FEYE), was among a a number of so-called "momentum" stocks that fell during the session, sliding $6.64, or 11.77%, to $49.75. Other momentum stocks that fell included 3D Systems (DDD), down $5.90, or 10.79%, to $48.78, and Yelp (YELP), down $7.78, or 10.92%, to $63.47. INDEXES: The Dow was down 266.96, or 1.62%, to 16,170.22, the Nasdaq was down 129.79, or 3.1%, to 4,054.11, and the S&P 500 was down 39.10, or 2.09%, to 1,833.08.
16:34 EDTBBBYBed Bath & Beyond downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Bed Bath & Beyond citing the company's disappointing FY15 outlook. Citi lowered its price target for shares to $72 from $85.
16:00 EDTRADOptions Update; April 10, 2014
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14:44 EDTRADRite Aid trades at multi-year highs, levels to watch
The shares gapped up today and have remained in a tight range, last up over 10% to $7.05. At that price, next resistance is at the session high at $7.39 and then at $7.53. Support is at $6.95.
13:43 EDTICEFidelity to pitch new lost cost trading venue to large asset managers, WSJ says
Fidelity is working on a new trading venue, dubbed "Sakura," that it hopes will be a collaboration among big mutual-fund firms to reduce costs and streamline trading and will be an improvement over other "dark pools," reported The Wall Street Journal, citing people with knowledge of the matter. The report said Fidelity is in the initial planning stages and has just started pitching the idea to other large asset managers. Publicly traded fund managers include BlackRock (BLK), Franklin Resources (BEN) and T. Rowe Price (TROW), while Investment Technology Group (ITG) currently operates dark pools that facilitate block trading among large institutions. Exchange operators Nasdaq (NDAQ) and Intercontinentalexchange's (ICE) NYSE have previously testified to legislators that too much trading occurs in dark pools, hurting investors. Reference Link
12:25 EDTRAD, BBBYOn The Fly: Midday Wrap
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12:00 EDTRADRite Aid rises 10.3%
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11:47 EDTBBBYBed Bath & Beyond approaches 52-week low after profit forecast disappoints
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11:23 EDTRADRite Aid hits 52-week high after results, sales view top estimates
Shares of retail drugstore Rite Aid (RAD) are rallying after the company's fourth quarter results and fiscal 2015 revenue outlook topped analysts' consensus estimates. WHAT'S NEW: This morning, Rite Aid reported fourth quarter adjusted earnings per share of 10c and revenue of $6.6B, compared to expectations of 4c and $6.54B, respectively. Q4 same store sales increased 2.1%. Rite Aid forecast FY15 EPS of 31c-42c, compared to the consensus of 35c. FY15 revenue was seen at $26B-$26.5B, ahead of the consensus $25.75B. FY15 same-store sales are expected by the company to be up 2.5%-4.5%. WHAT'S NOTABLE: Rite Aid also announced it has acquired RediClinic, which currently operates 30 clinics in the greater Houston, Austin and San Antonio areas. Rite Aid CEO John Standley said, “Our recent acquisitions of Health Dialog and RediClinic, our expanded partnership with McKesson and our continued commitment to investing in our store base have positioned us to transition our strategy from turnaround to growth as we more aggressively pursue opportunities to become a growing retail healthcare company.” PRICE ACTION: In late morning trading, Rite Aid rose 71c, or about 11%, to $7.11 on more than twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $7.39. Including today's advance, the stock is up approximately 300% over the past twelve months. OTHERS TO WATCH: Other retail drugstore operators include Walgreen Company (WAG) and CVS Caremark (CVS).
11:15 EDTBBBYOptions with decreasing implied volatility: YONG STZ BBBY FDO EPB
10:00 EDTBBBYOn The Fly: Analyst Downgrade Summary
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10:00 EDTRADRite Aid rises 11.2%
Rite Aid is up 11.2%, or 72c, to $7.12
09:37 EDTRADActive equity options trading on open
Active equity options trading on open according to Track Data: SIRI RAD AAPL AMZN AA FB TSLA MRK CVX C
09:21 EDTRAD, BBBYOn The Fly: Pre-market Movers
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09:06 EDTORCLOracle management to meet with Deutsche Bank
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09:00 EDTBBBYBed Bath & Beyond falls 5%
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09:00 EDTRADRite Aid rises 11.2%
Rite Aid is up 11.2%, or 72c, to $7.12
07:43 EDTBBBYBed Bath & Beyond price target lowered to $75 from $80 at Argus
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07:15 EDTBBBYBed Bath & Beyond price target lowererd to $70 from $78 at Credit Suisse
Credit Suisse lowered Bed Bath & Beyond 's estimates due to slower than expected buybacks and a lower growth rated. Shares are Neutral rated.
07:06 EDTRADRite Aid sees FY15 EPS 31c-42c, consensus 35c
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07:05 EDTRADRite Aid reports Q4 EPS 10c ex-items, consensus 4c
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06:35 EDTRADRite Aid acquires RediClinic, details not disclosed
Rite Aid announced it has acquired Houston-based RediClinic. RediClinic currently operates 30 clinics in the greater Houston, Austin and San Antonio areas. Through the acquisition, RediClinic will operate as a wholly owned subsidiary of Rite Aid. Details of the transaction were not disclosed.
05:49 EDTBBBYBed Bath & Beyond downgraded to Neutral from Buy at BofA/Merrill
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April 9, 2014
19:01 EDTBBBYOn The Fly: After Hours Movers
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17:27 EDTBBBYBed Bath & Beyond sees Q1 revenue up 2%-3.5%
Consensus $2.37B. Sees FY14 revenue up 4%, consensus $12.07B.
17:19 EDTBBBYBed Bath & Beyond sees Q1 SSS up 1%-2.5%
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16:17 EDTBBBYBed Bath & Beyond down 4% after Q4 sales, Q1 outlook disappoint
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16:16 EDTBBBYBed Bath & Beyond sees FY14 EPS up mid-single digits
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16:16 EDTBBBYBed Bath & Beyond sees Q1 EPS 92c-96c, consensus $1.04
16:15 EDTBBBYBed Bath & Beyond reports Q4 EPS $1.60, consensus $1.60
Reports Q4 revenue $3.2B, consensus $3.22B. Reports Q4 SSS up 1.7%.
15:19 EDTBBBYBed Bath & Beyond technical comments ahead of results
Shares are essentially flat on the session heading into earnings. A key area to watch today is the low of the bearish gap down in price from early January at $72.26. On good news, that is likely to be an area of resistance tested on the upside. Exceptional news on the good side might see a break back into the bearish gap, which would be bullish for price. If news is less supportive of a bullish outlook, a first major support area would be at the $64 area, which was a support following the recovery from the bearish gap in February. Unexpectedly poor results might send shares down to the 52-week low at $62.12.
15:19 EDTRADNotable companies reporting before tomorrow's open
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15:19 EDTBBBYNotable companies reporting after market close
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15:03 EDTBBBYBed Bath & Beyond April weekly 68 straddle priced for 4.8% move into Q4
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11:51 EDTORCLOracle management to meet with Jefferies
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10:33 EDTORCLConstant Contact surges after preliminary Q1 revenue beats consensus
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09:20 EDTBBBYBofA/Merrill's retail analysts hold an analyst/industry conference call
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07:22 EDTORCLOracle management to meet with Deutsche Bank
Meetings to be held in Zurich/Milan on April 9 hosted by Deutsche Bank.
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