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Stock Market & Financial Investment News

News Breaks
July 17, 2014
11:00 EDTTSEM, JRJC, MAT, MTG, PRAN, SEAS, BURL, OMC, FXCHigh option volume stocks
High option volume stocks: OMC FXC TSEM JRJC MAT MTG PRAN SEAS BURL
News For OMC;FXC;TSEM;JRJC;MAT;MTG;PRAN;SEAS;BURL From The Last 14 Days
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September 30, 2014
14:27 EDTSEASSeaWorld hires top DC lobbying firm, The Hill says
SeaWorld hired a "powerhouse" DC lobbying firm, according to The Hill. The firm will discuss issues involving the display, research and public education of marine mammals with federal officials, the website quoted SeaWorld as saying in forms. Reference Link
07:45 EDTMTGJMP Securities to hold a conference
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September 29, 2014
18:04 EDTJRJCChina Finance Online reports Q2 EPS (29c) vs. (21c) last year
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10:00 EDTMATOn The Fly: Analyst Downgrade Summary
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09:22 EDTMATMattel downgraded to Neutral from Buy at MKM Partners
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06:59 EDTMATMattel downgraded to Neutral from Buy at MKM Partners
05:16 EDTOMCOmnicom announces partnership with Atlas
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September 26, 2014
16:55 EDTMATMarket ends week lower after inversion crackdown, mixed data
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September 25, 2014
08:22 EDTMATMattel loses key Disney license to Hasbro, says BMO Capital
BMO Capital views Hasbro's (HAS) announcement of a deal Disney (DIS) to acquire the global toys rights to produce and sell dolls based on Disney Princess property starting in 2016 as a negative for Mattel (MAT). BMO says Matte currently holds the Disney Princess doll license, and that its expected to generate about $600M in 2014. The firm estimates the license currently contributes $0.30, or 15%, to Mattel's annual earnings. BMO has an Underperform rating on Mattel with a $31 price target.
September 24, 2014
16:22 EDTMATOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a report showed that sales of new homes rose to their highest level in over six years in August. The volume and news flow were relatively light, which may be the case again tomorrow as many market participants celebrate the Jewish holiday of Rosh Hashanah. ECONOMIC EVENTS: In the U.S., new home sales rose 18.0% in August to a 504K unit rate, which was much higher than the expected 4.4% increase. COMPANY NEWS: Bed Bath & Beyond (BBBY) advanced $4.64, or 7.4%, to $67.33 after the home goods retailer last night reported second quarter earnings and revenue that surpassed analysts' consensus estimates. The better than expected report and rise in the stock comes a day after William Blair downgraded the stock yesterday morning... Citizen Financial (CFG), the U.S. retail bank unit of Royal Bank of Scotland (RBS), became the year's second largest IPO behind Alibaba (BABA) after 140M shares began trading on the NYSE this morning. The stock ended it first day up $1.58, or 7.35%, at $23.08, which was far cry from the advance seen by another of the day's new stock debuts. CyberArk (CYBR) priced 5.36M shares at $16.00, opened for trade at $25.00 and ended the day at $29.94, making for a rise of over 87% from its IPO pricing. MAJOR MOVERS: Among the notable gainers was Acorda Therapeutics (ACOR), which advanced $8.27, or 28.18%, to $37.62 after the company agreed to acquire Civitas Therapeutics for $525M in cash. Civitas, which was private, had been scheduled to come public via an IPO that was expected to happen later this week prior to the deal announcement. Also higher was Hasbro (HAS), which rose $2.01, or 3.8%, to $54.95 after striking a deal that gives the company global rights, excluding Japan, to develop dolls based on Disney's (DIS) princess characters, as well as Frozen, beginning in 2016. Mattel (MAT), which currently holds those rights, slid 40c, or 1.25%, to $31.67 in the wake of the news. Also lower were shares of Skechers (SKX), which fell $5.69, or 9.8%, to $52.40 after research firm SportscanInfo reported that the footwear maker's sales had fallen 3% last week. However, Sterne Agee recommended buying the stock on the weakness. INDEXES: The Dow rose 154.19, or 0.9%, to 17,210.06, the Nasdaq gained 46.53, or 1.03%, to 4,555.22, and the S&P 500 added 15.53, or 0.78%, to 1,998.30.
09:59 EDTBURLOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Ameren (AEE) initiated with a Buy at Ladenburg... Autoliv (ALV) initiated with an Outperform at Exane BNP Paribas... BNY Mellon (BK) initiated with a Neutral at Citigroup... Burlington Stores (BURL) initiated with a Neutral at Credit Suisse... Cameron (CAM) initiated with a Market Perform at Wells Fargo... CoreLogic (CLGX) initiated with an Overweight at Piper Jaffray... FMC Technologies (FTI) initiated with a Market Perform at Wells Fargo... FNFV (FNFV) initiated with a Neutral at Piper Jaffray... Fidelity National (FNF) initiated with an Overweight at Piper Jaffray... First American (FAF) initiated with a Neutral at Piper Jaffray... Freeport McMoRan (FCX) initiated with an Outperform at Scotia Capital... Helmerich & Payne (HP) initiated with an Outperform at Wells Fargo... HomeAway (AWAY) initiated with a Buy at SunTrust... IMS Health (IMS) initiated with a Buy at Topeka... Nabors Industries (NBR) initiated with an Outperform at Wells Fargo... National Oilwell (NOV) initiated with a Market Perform at Wells Fargo... Northern Trust (NTRS) initiated with a Neutral at Citigroup... Pacific Drilling (PACD) initiated with a Market Perform at Wells Fargo... Paragon Offshore (PGN) initiated with a Market Perform at Wells Fargo... Patterson-UTI Energy (PTEN) initiated with an Outperform at Wells Fargo... Pioneer Energy (PES) initiated with an Outperform at Wells Fargo... Realogy (RLGY) initiated with an Overweight at Piper Jaffray... Ruckus Wireless (RKUS) initiated with a Neutral at SunTrust... Sarepta (SRPT) initiated with an Outperform at Credit Suisse... Skyworks (SWKS) initiated with a Buy at MKM Partners... State Street (STT) initiated with a Buy at Citigroup... Ubiquiti Networks (UBNT) initiated with a Buy at SunTrust... Wafergen Biosystems (WGBS) initiated with a Buy at Brean Capital.
07:02 EDTBURLBurlington Stores initiated with a Neutral at Credit Suisse
Target $36.
September 23, 2014
11:28 EDTJRJCChina Finance Online rallies on Zhongshan Securities partnership
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08:12 EDTOMCSalesforce.com, Omnicom announce alliance
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06:22 EDTMTGMGIC Investment management to meet with JMP Securities
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06:07 EDTJRJCChina Finance Online partners with Zhongshan Securities
China Finance Online announced that it has entered into a strategic partnership agreement with Zhongshan Securities, to integrate with China Finance Online's newly-launched web-based trading platform, "Securities Master," or "Zhengquantong," with Zhongshan Securities' trading and settlement system. Along with the Company's previous partnership with CITIC Securities, this partnership will allow China Finance Online to offer a competitive commission rate to investors, strengthen its platform's online trading capabilities and further expand its broad user base.
September 22, 2014
17:29 EDTOMCOmnicom announces CFO Weisenburger steps down, Controller Angelastro to succeed
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