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Stock Market & Financial Investment News

News Breaks
January 18, 2013
10:49 EDTAMAT, NAVB, AVEO, ODP, RADHigh option volume stocks; ODP, NAVB, RAD, AVEO, AMAT
News For ODP;NAVB;RAD;AVEO;AMAT From The Last 14 Days
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July 2, 2015
08:32 EDTRADRite Aid reports June SSS up 2.4%
Rite Aid announced that for the four weeks ended June 27, same store sales increased 2.4% over the prior-year period. June front-end same store sales increased 0.3%. Pharmacy same store sales, which included an approximate 226 basis points negative impact from new generic introductions, increased 3.4%. Prescription count at comparable stores increased 0.2% over the prior-year period. Total drugstore sales for the four-week period increased 2.2% to $2.04B. Prescription sales accounted for 69.0% of drugstore sales, and third party prescription sales represented 97.8% of pharmacy sales.
07:50 EDTNAVBMacrophage says preclinical KS results show Manocept drug induces apoptosis
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07:32 EDTNAVBNavidea says data demonstrate Manocept agent localizes in multiple KS lesions
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July 1, 2015
08:40 EDTAMATBofA/Merrill's Top 10 US Ideas for Q3
BofA/Merrill published its Top 10 U.S. Ideas Quarterly for Q3 that identifies companies it sees having significant catalysts in the next three months. The list includes eight Buys and two Underperforms. The Buys are Applied Materials (AMAT), Boise Cascade (BCC), Burlington Stores (BURL), Comcast (CMCSA), Comerica (CMA), Eli Lilly (LLY), Facebook (FB), and International Game (IGT). The Underperforms are BlackBerry (BBRY) and PBF Energy (PBF).
June 30, 2015
07:01 EDTAVEOAVEO Oncology to present additional biomarker analyses from BATON-CRC study
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June 26, 2015
06:53 EDTRADRite Aid shareholders vote to change CEO payment terms, Reuters says
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June 25, 2015
14:05 EDTODPStaples, Office Depot shares head lower as analyst highlights merger pitfalls
Shares of Staples (SPLS) and Office Depot (ODP) are in negative territory following a Citi research note identifying significant downside potential if their proposed merger is blocked. The note follows news on June 23 that a U.S. District Court has approved the preliminary injunction of the US Foods-Sysco (SYY) merger. WHAT'S NEW: In the wake of the FTC's preliminary injunction of the US Foods-Sysco deal, Citi's Kate McShane issued a note on the proposed merger of Staples and Office Depot. The FTC is expected to release a public version of its Sysco ruling this Friday, and McShane said details of the injunction could shed light on whether the Staples-Office Depot merger is likely to follow a similar path. The analyst sees a 40% and 49% downside scenario for Staples and Office Depot, respectively, were the merger to fail, versus a 20% upside for Office Depot shares if a successful outcome is reached. WHAT'S NOTABLE: The FTC stated on June 23 that the Sysco-US Foods merger "would lead to higher prices and diminished service," and U.S. District Judge Amit Mehta cited the probability of "substantially" reduced competition. Building on those pieces of information, Kate McShane notes that a merged Staples-Office Depot may only capture 15%-25% of the addressable market, in contrast to the 75% market share of a Sysco and US Foods combination. McShane cautioned that if she limits her analysis to just Fortune 100 companies, the 15%-25% figure would likely be higher, but refrains from stronger speculation on the probability of the deal closing. On June 24, the New York Post cited sources calling the merger "unlikely" after the Sysco injunction. As noted by Citi, if regulator sentiment swings against the office supply companies, shares could head sharply lower. PRICE ACTION: Staples is down 0.4% in afternoon trading, while Office Depot is down 0.3%.
10:00 EDTODPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Buy from Neutral at BofA/Merrill... Eli Lilly (LLY) upgraded to Buy, added to US 1 List at BofA/Merrill... Finish Line (FINL) upgraded to Buy from Neutral at B. Riley... Gran Tierra (GTE) upgraded to Buy from Hold at Canaccord... Greenhill & Co. (GHL) upgraded to Buy from Sell at Goldman... Magnum Hunter (MHR) upgraded to Equalweight from Underweight at Capital One... Marathon Oil (MRO) upgraded to Buy from Neutral at UBS... Newpark Resources (NR) upgraded to Strong Buy from Outperform at Raymond James... Office Depot (ODP) upgraded to Outperform from Market Perform at Telsey Advisory... Quanex (NX) upgraded to Outperform from In-Line at Imperial Capital... Vestas Wind (VWDRY) upgraded to Outperform from Neutral at Exane BNP Paribas... Web.com (WWWW) upgraded to Buy from Neutral at B. Riley... NRG Yield upgraded to Outperform from Market Perform at Avondale.
08:50 EDTODPStaples has 20% upside if Office Depot deal closes, says Citi
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06:47 EDTODPStaples volatility low into expected closure of its merger with Office Depot
Staples (SPLS) July weekly call option implied volatility is at 23, July is a 22, September is at 28; compared to its 52-week range of 20 to 53, suggesting decreasing price movement into the expected closure of its proposed $6.3B merger with Office Depot (ODP).
06:35 EDTODPOffice Depot upgraded to Outperform from Market Perform at Telsey Advisory
June 24, 2015
10:24 EDTRADRite Aid completes acquisition of EnvisionRx in deal valued at approx. $2B
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10:19 EDTRADOptions with decreasing implied volatility
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10:00 EDTAMATOn The Fly: Analyst Upgrade Summary
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09:10 EDTODPOn The Fly: Pre-market Movers
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07:12 EDTAMATApplied Materials upgraded to Conviction Buy from Buy at Goldman
Goldman added Applied Materials to the Conviction Buy List with a $24 price target due to the accelerating 3D NAND product cycle, increased focus on the core business, and capital allocation. The firm believes the July SEMICON meeting will be a catalysts for shares and provide constructive commentary on fundamentals.
07:12 EDTODPStaples deal unlikely after Sysco-US Foods merger blocked, NY Post reports
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June 23, 2015
10:30 EDTRADOptions with decreasing implied volatility
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June 22, 2015
10:47 EDTAMATCadence Design and Applied Materials collaborate on joint development program
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10:21 EDTRADOptions with decreasing implied volatility
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