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Stock Market & Financial Investment News

News Breaks
February 21, 2014
12:21 EDTSTRA, HPQ, NEM, BKD, GRPN, COG, ESC, PCLNOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday despite the day's primary economic report, on existing homes sales, coming in below expectations. Stocks began the session moderately higher as traders rolled out positions ahead of options expiration. The market seemed to lack direction in the opening moments but the buyers emerged following the housing data, as investors may have been cheered that sales fell only slightly more than expected. ECONOMIC EVENTS: In the U.S., existing home sales fell 5.1% from the prior month to a rate of 4.62M in January, which was only slightly worse that projected by economists. COMPANY NEWS: Shares of online travel agency priceline.com (PCLN) climbed 3% to trade near $1,325 per share after the company reported stronger than expected fourth quarter results last night. Many research firms reacted to priceline's results and guidance by raising their price targets on the shares, with more than one hiking their targets above $1,500 per share... Groupon (GRPN) reported fourth quarter earnings per share of 4c, excluding certain items, and revenue of $768.4M, beating expectations. However, the company forecast first quarter losses per share 2c-4c, which was far below expectations of 6c per share in earnings. Groupon said it expects one-time costs related to the integration of its recent acquisitions, specifically as it consolidates Ticket Monster with its Korean business, and anticipates approximately $25M of additional investment in marketing and other growth initiatives to drive adoption of the marketplace. Shares of the local e-commerce marketplace owner were down 18% near noon after the report. MAJOR MOVERS: Among the notable gainers was Emeritus (ESC), which rose almost 37% after agreeing to a $2.8B deal to merge with Brookdale Senior Living (BKD) in a stock exchange transaction. Also higher was following its earnings report was for-profit education company Strayer Education (STRA), which jumped about 26%. Among the noteworthy losers was Hewlett-Packard (HPQ), which fell 1% after its first quarter results beat expectations but its earnings forecast for the new quarter came in generally below expectations. Also lower following their earnings reports were Cabot Oil & Gas (COG), which fell 7%, and Newmont Mining (NEM), which dropped 6%. INDEXES: Near midday, the Dow was up 28.90, or 0.18%, to 16,162.13, the Nasdaq was up 12.40, or 0.29%, to 4,279.94, and the S&P 500 was up 3.94, or 0.21%, to 1,843.72.
News For PCLN;GRPN;HPQ;ESC;BKD;STRA;COG;NEM From The Last 14 Days
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March 26, 2015
14:39 EDTHPQHP close to deal to sell control of Chinese unit, Dow Jones says
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07:25 EDTHPQThe Economist to hold a forum
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06:05 EDTHPQIntel to partner with notebook makers for Chromebook 2-in-1s, DigiTimes says
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March 25, 2015
10:00 EDTGRPNOn The Fly: Analyst Upgrade Summary
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09:24 EDTGRPNOn The Fly: Pre-market Movers
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07:15 EDTGRPNGroupon upgraded to Buy from Hold at Wunderlich
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06:04 EDTHPQStocks with implied volatility below IV index mean; CSCO HPQ
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March 24, 2015
10:02 EDTHPQHP partners with Bang & Olufsen to bring premium sound to PCs
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05:57 EDTHPQStocks with implied volatility below IV index mean; CSCO HPQ
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March 23, 2015
10:17 EDTHPQHP management to meet with Jefferies
Meetings to be held in Texas March 25-27 hosted by Jefferies.
08:07 EDTBKDBofA/Merrill healthcare high yield analyst has analyst/industry conference call
Healthcare High Yield Analyst Bland provides an update on the current state of the bond markets and the ability of healthcare providers to utilize debt financing on an Analyst/Industry conference call to be held on March 24 at 10 am.
07:39 EDTHPQHP break-up value in at least the low $40's, says UBS
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March 20, 2015
09:05 EDTHPQJefferies Euro offshore IT services analyst has analyst/industry conference call
Analysts discusses the market growth in Ofshore IT Services in Continental Europe which is expected to outpace project growth in the U.S., with Cognizant Technology Solutions/EPAM Systems best positioned and IBM/Hewlett Packard disadvantaged on an Analyst/Industry conference call to be held on March 20 at 10 am.
07:35 EDTBKDBrookdale Senior Living price target raised to $46 from $41 at Jefferies
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07:00 EDTPCLNPriceline bookings tracking towards upper end of guidance, says Cantor
After conducting checks on global search traffic to Booking.com and other Priceline brands through mid- March, Cantor thinks the checks suggest that the company's bookings are tracking towards the upper end of management's guidance this quarter. The firm keeps a $1,360 price target and Buy rating on the shares.
March 19, 2015
10:02 EDTNEMOn The Fly: Analyst Upgrade Summary
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08:35 EDTHPQTsinghua on short list of potential buyers of HP China units, Bloomberg says
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07:47 EDTHPQHP raises quarterly dividend to 17.6c per share from 16c per share
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07:02 EDTHPQHP CEO says company split on track for November 1, Bloomberg says
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06:30 EDTNEMNewmont Mining upgraded to Overweight from Neutral at HSBC
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