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Stock Market & Financial Investment News

News Breaks
March 5, 2013
11:18 EDTSHLD, QCOR, MNST, SPLK, BYDOptions with decreasing implied volatility: QCOR BYD MNST SHLD SPLK
News For QCOR;BYD;MNST;SHLD;SPLK From The Last 14 Days
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September 1, 2015
17:41 EDTSHLDKmart pays $1.4M to settle claims of illegal Medicare inducements
The Department of Justice announced that Kmart, a subsidiary of Sears Holdings, has paid the United States $1.4M to resolve allegations that it violated the false claims act by using drug manufacturer coupons and gasoline discounts as improper Medicare beneficiary inducements. "The United States will continue to pursue retail pharmacies that improperly attempt to influence a beneficiary's choice of pharmacy," said the Justice Department's Civil Division chief Benjamin Mizer. The government alleged that from June 2011 to June 2014, Kmart knowingly and improperly influenced the decisions of Medicare beneficiaries to bring their prescriptions to Kmart pharmacies by permitting them to use drug manufacturer coupons to reduce prescription co-pays that they otherwise would be obligated to pay. The government also alleged that Kmart's conduct caused the Medicare beneficiaries to seek expensive, brand name drugs in lieu of cheaper generic drugs. The government additionally claimed that Kmart improperly encouraged Medicare beneficiaries to bring their prescriptions to Kmart pharmacies by offering them varying levels of discounts on the purchase of gasoline based on the number of prescriptions filled at Kmart pharmacies. "The claims settled by today's agreement are allegations only and there has been no determination of liability," cautioned the Department. Reference Link
August 31, 2015
09:09 EDTSHLDMP Associates to hold a conference
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August 28, 2015
12:50 EDTSPLKOn The Fly: Top stock stories at midday
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09:34 EDTBYDNevada reports July statewide gaming win down 0.96% to $922.89M
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09:23 EDTSPLKOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Big Lots (BIG), up 11.1%... Smith & Wesson (SWHC), up 4.8%... Splunk (SPLK), up 3%... Freeport-McMoRan (FCX), up 14.3% after Carl Icahn reported a 8.46% stake in the company... United Continental (UAL), up 5.8% after being added to S&P 500... Activision Blizzard (ATVI), up 5.8% after being added to S&P 500... DOWN AFTER EARNINGS: Violin Memory (VMEM), down 23.9%... bebe stores (BEBE), down 19.8%... Autodesk (ADSK), down 4.2%... Aeropostale (ARO), down 4%. ALSO LOWER: Peabody Energy (BTU), down 6.6% after Moody's downgraded the company to Caa1.
08:03 EDTSPLKSplunk momentum remains solid, says Oppenheimer
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07:27 EDTSPLKSplunk should outperform for several years, says Canaccord
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August 27, 2015
18:52 EDTSPLKOn The Fly: After Hours Movers
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16:51 EDTSPLKSplunk says signed seven figure order with social media company in Q2
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16:08 EDTSPLKSplunk signs more than 500 new customers in Q2
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16:07 EDTSPLKSplunk raises FY16 revenue view to $628M-$632M from $610M-$614M
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16:06 EDTSPLKSplunk sees Q3 revenue $158M-$160M, consensus $155.2M
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16:05 EDTSPLKSplunk reports Q2 adjusted EPS 3c, consensus 2c
Reports Q2 revenue $148.3M, consensus $140.31M.
14:58 EDTSPLKNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Autodesk (ADSK), consensus 17c... ULTA Beauty (ULTA), consensus $1.12... Splunk (SPLK), consensus 2c... GameStop (GME), consensus 25c... Veeva (VEEV), consensus 11c... OmniVision (OVTI), consensus 39c... Aeropostale (ARO), consensus (55c).
August 25, 2015
08:20 EDTSPLKSplunk August weekly volatility elevated into Q2 and outlook
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06:18 EDTSHLDSears names Lynn Pendergrass as Hardlines president
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August 24, 2015
09:19 EDTSPLKSplunk downgraded to Hold at Summit Research on expected tech correction
As previously reported, Summit Research analyst Srini Nandury downgraded Splunk to Hold from Buy. Nandury noted that the downgrade is not a call on the company's Q2 results, as he believes Splunk's momentum "continues unabated" and that its fundamentals are intact. However, the analyst tells investors this morning that he thinks tech stocks "are in for a major correction" and that "high flyers" like Splunk will see their multiples compress more than other tech names. Nandury cut his price target on Splunk shares to $50 from $84, stating that to remain at current levels, Splunk has to not only beat estimates "handily" but also must guide up "significantly."
09:18 EDTSPLKOn The Fly: Pre-market Movers
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08:10 EDTSPLKSplunk downgraded to Hold from Buy at Summit Research
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August 20, 2015
06:08 EDTSHLDSears reports Q2 adjusted EPS ($2.40), one estimate ($2.50)
Reports Q2 revenue $6.2B, one estimate $5.72B. Reports Q2 SSS down 10.8%, comprised of decreases of 7.3% and 14.0% at Kmart and Sears Domestic, respectively, which accounted for $584M of the revenue decline.

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