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News Breaks | | | | February 19, 2013 | | 16:38 EDT |  | FNB, HUM, OMX, DGIT, PVFC, SPLS, RRGB, BBY, ODP, YNDX | On The Fly: Closing Wrap
Stocks on Wall Street were higher despite a home builders confidence reading that fell a bit short of expectations. Alan Simpson and Erskine Bowles proposed a new plan for deficit reduction via tax codes changes and spending cuts with the "sequester" deadline now less than two weeks away. In spite of the political tension and looming threat, the Dow and S&P remain at multi-year highs and near their all-time highs... ECONOMIC EVENTS: In the U.S., the NAHB Housing Market Index reading of 46.0 fell short of the forecast for a reading of 48.0. In Europe, the ZEW institute's index of German investor optimism rose to 48.2 points from 31.5 in January, beating analysts' expectations... COMPANY NEWS: OfficeMax (OMX) and Office Depot (ODP) both surged after the The Wall Street Journal said the companies are in advanced talks to merge. OfficeMax gained $2.25, or 20.93%, to $13.00, while shares of Office Depot gained 43c, or 9.37%, to $5.02. Their rival Staples (SPLS) also gained $1.70, or 13.13%, to $14.65 after several research firms predicted that the company would benefit significantly if such a merger goes through and as "going private" chatter about the office retailer continues to circulate... Humana (HUM) plunged $4.98, or 6.39%, to $73.01, bearing the brunt of a decline in managed healthcare stocks after the Centers for Medicare and Medicaid Services announced preliminary 2014 Medicare Advantage benchmark payment rates. Humana said it believes the preliminary base rates in the notice would result in a mid-single-digit decline in its benchmark payment rates, while the company added that it previously expressed confidence in membership and earnings growth while assuming the Medicare Advantage payment rate would be flat to slightly down... Best Buy (BBY) shares gained 46c, or 2.73%, to $17.33 following upgrades from Stifel Nicolaus and Barclays and a Bloomberg report that said the company would make its holiday price-matching policy permanent, effective March 3... MAJOR MOVERS: Among the notable gainers was PVF Capital (PVFC), which rose $1.33, or 52.78%, to $3.85 after agreeing to be acquired by F.N.B Corp (FNB) for $3.98 per share. Also higher was Red Robin Gourmet Burgers (RRGB), up $6.88, or 18.88%, to $43.33 after its earnings and revenue beat Street expectations. Among the noteworthy losers was Digital Generation (DGIT), down $2.52, or 28.06%, to $6.46 after the company reported its quarterly results and said its special committee concluded its review of strategic alternatives without recommending any transaction. Also lower were shares of Russian search engine company Yandex (YNDX), down $2.58, or 10.08%, to $23.01 after the company's Q4 report... INDICES: The Dow was up 53.91, or 0.39%, to 14,035.67; the Nasdaq was up 21.56, or 0.68%, to 3,213.59; and the S&P 500 was up 11.15, or 0.73%, to 1,530.94. | |
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News For OMX;ODP;SPLS;HUM;BBY;PVFC;FNB;RRGB;DGIT;YNDX From The Last 14 Days Check below for free stories on OMX;ODP;SPLS;HUM;BBY;PVFC;FNB;RRGB;DGIT;YNDX the last two weeks. |
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| May 17, 2013 | | 12:00 EDT |  | BBY | Stocks with call strike movement; FSLR BBY
 Subscribe for More Information | | | May 16, 2013 | | 13:24 EDT | | RRGB | Red Robin June volatility elevated; shares near seven-year high into Q1
Subscribe for More Information | | | 11:37 EDT | | BBY | Stocks with call strike movement; AMD BBY
AMD (AMD) October 4.5 call volatility increased 4% to 58, Best Buy (BBY) June 30 call option implied volatility increased 3% to 63 according to IVolatility. | | | 10:21 EDT | | BBY | Best Buy volatility elevated shares near one-year high into Q1
Best Buy May weekly call option implied volatility is at 71, June is at 61, July is at 55, September is at 51 of 50 is above its 26-week average of 59 according to Track Data, suggesting large near term price movement into the expected release of Q1 earnings on May 20. | | | 10:10 EDT |  | HUM | Quest Diagnostics Humana acquires Concentra's laboratory business
Subscribe for More Information | | | 09:42 EDT |  | BBY | Best Buy estimates lowered at ITG Research
Subscribe for More Information | | | May 15, 2013 | | 11:45 EDT | | BBY | Stocks with call strike movement; JCP BBY
Subscribe for More Information | | | 11:45 EDT |  | DGIT | Digital Generation to host investor meeting
Investor meeting to be held in New York on May 16 at 9 am. Webcast Link | | | 09:44 EDT | | BBY | Best Buy Q1results likley below consensus, says Wedbush
Wedbush expects Best Buy to report Q1 pro-forma results below consensus due to the reclassification of Best Buy Europe as discontinued operations. The firm expects Best Buy's cash flow to decline and continued margin erosion to result in lower earnings. The firm rates shares an Underperform with a $9 price target. | | | May 14, 2013 | | 12:16 EDT | | DGIT | Options with decreasing implied volatility: MM PANL DGIT VCLK THRX
Subscribe for More Information | | | | 11:51 EDT | | BBY | Stocks with call strike movement; JCP BBY
J.C. Penney (JCP) June 21 call volatility increased 2% to 60, Best Buy (BBY) June 31 call option implied volatility decreased 2% to 59 according to IVolatility. | | | May 13, 2013 | | 11:57 EDT | | BBY | Stocks with call strike movement; FLSR BBY
Subscribe for More Information | | | May 10, 2013 | | 11:59 EDT | | DGIT | Options with decreasing implied volatility: GRPN DGIT BMC BAX TRIP
Subscribe for More Information | | | 11:31 EDT | | BBY | Stocks with call strike movement; FLSR BBY
First Solar (FSLR) June 60 call volatility decreased 2% to 58, Best Buy (BBY) June 28 up 2% to 60 call option implied volatility decreased 2% to 52 according to IVolatility. | | | 10:00 EDT |  | RRGB | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 07:25 EDT | | RRGB | Red Robin upgraded to Buy from Neutral at Northcoast
Subscribe for More Information | | | May 9, 2013 | | 11:31 EDT | | DGIT | Options with decreasing implied volatility: BMC TPX DGIT GRPN WTW
Subscribe for More Information | | | 08:51 EDT | | HUM | Humana appoints Roy A. Beveridge, M.D., as Chief Medical Officer
Humana (HUM) has appointed Roy A. Beveridge, M.D. as Senior VP and Chief Medical Officer, effective June 17. Dr. Beveridge is currently Chief Medical Officer for McKesson Specialty Health, a subsidiary of McKesson (MCK). | | | 06:02 EDT | | ODP | Acacia Research subsidiary enters into license agreement with Office Depot
Subscribe for More Information | | | May 8, 2013 | | 12:28 EDT | | DGIT | Options with decreasing implied volatility: DGIT TPX LNKD FOSL ALGN
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