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Stock Market & Financial Investment News

News Breaks
November 27, 2012
12:16 EDTMMR, LVS, DDS, GLW, BF.B, CAG, THO, ACAD, BFA, RAHOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after "core" durable goods orders and a reading on consumer confidence rose. Stock index futures were slightly lower in pre-market trading, even though the terms of a new debt deal for Greece had been outlined prior to the U.S. opening bell. The major averages spent the majority of the session in negative territory despite some better than expected domestic economic data, but managed to get back on the plus side of the ledger as the lunch hour arrived... ECONOMIC EVENTS: In the U.S., the Commerce Department said non-defense capital goods orders excluding aircraft rose 1.7% in October, versus expectations for a 0.5% decline. Total durable goods orders were unchanged for the month, versus expectations for them to decline 0.7%. The S&P Case-Shiller 20-city home-price index gained 0.4% in September compared to the prior month and prices in the 20 cities rose 3.0% year over year, which were both roughly in line with forecasts. The Conference Board's consumer confidence index rose to 73.7 in November, beating expectations and hitting its highest level in almost five years. The Richmond Fed manufacturing survey for November registered +9, compared to expectations for it to slide to -9 from the prior -7 reading. In Europe, the region's finance ministers, the ECB and the IMF reached an aid deal on Greece, which is expected to help the nation reduce its debt-to-GDP ratio to 124% by 2020... COMPANY NEWS: ConAgra Foods (CAG) agreed to acquire Ralcorp Holdings (RAH) for $90.00 per share, or about $6.8B including the assumption of debt. Shares of Ralcorp shot up 26.4% to $88.76 following the deal announcement and ConAgra also advanced 4.7% after the news... In the continuation of a recent trend, several companies declared new special dividends, with Dillard's (DDS) to pay a one-time dividend of $5.00 per share, Brown-Forman (BFA, BF.B) declaring one at $4.00 per share, and Las Vegas Sands (LVS) approving its own $2.75 per share special dividend... MAJOR MOVERS: Among the notable gainers was ACADIA Pharmaceuticals (ACAD), up 140% following its report of positive results from a trial of its treatment for Parkinson's disease psychosis, or PDP. Also higher were shares of Corning (GLW), up nearly 8% after the company said it now sees stronger than forecasted Q4 LCD glass volume and Topeka raised its rating on the shares to Buy. Among the noteworthy losers was McMoRan Exploration (MMR), which fell over 15% after being down yesterday as well after the company provided an update on its Gulf of Mexico exploration results and indicated ongoing well difficulties. Also lower were shares of Thor Industries (THO), down 10% after its disappointing quarterly report... INDICES: Near noon, the Dow was up 3.22, or 0.02%, to 12,970.59; the Nasdaq was up 5.79, or 0.19%, to 2,982.57; and the S&P 500 was up 2.32, or 0.16%, to 1,408.61.
News For B;LVS;ACAD;GLW;MMR;THO From The Last 14 Days
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November 26, 2014
09:35 EDTLVSNevada reports October statewide gaming win down 4.26% to $913.64M
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November 21, 2014
09:36 EDTLVSActive equity options trading
Active equity options trading according to Track Data: AAPL AMZN TSLA BIDU CLF DOW LVS BABA TWTR GILD
09:17 EDTACADOn The Fly: Pre-market Movers
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08:30 EDTACADACADIA initiated with an Outperform at Cowen
Target $46.
November 20, 2014
14:54 EDTLVSWynn Resorts probed by several agencies on money laundering controls, WSJ says
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09:29 EDTACADACADIA management to meet with Piper Jaffray
Meetings to be held in Europe November 27 and 28 Piper Jaffray.
November 18, 2014
07:36 EDTGLWUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 18 at 10:45 am; not all company presentations may be webcasted. Webcast Link
07:29 EDTLVSDeutsche Bank to hold a conference
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07:21 EDTACADUBS to hold a field trip
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November 17, 2014
19:01 EDTACADACADIA management to meet with Piper Jaffray
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10:52 EDTGLWCorning management to meet with UBS
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November 13, 2014
14:05 EDTLVSNew Jersey reports Atlantic City gaming win down 4.4% to $207.23M
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08:56 EDTLVSMacau to ask for eased restrictions on RMB conversion, Macau Business Daily says
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