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Stock Market & Financial Investment News

News Breaks
June 12, 2014
09:13 EDTNBL, CLF, RH, CNX, GERN, APU, SNSS, LULUOn The Fly: Pre-market Movers
HIGHER: Geron (GERN), up 28.5% after FDA removes partial clinical hold on imetelstat trial... Restoration Hardware (RH), up 17.7% after reporting better than expected Q1 earnings and raising its FY14 outlook... Sunesis (SNSS), up 5.6% after stock was initiated with a Buy rating and $14 price target at UBS... CONSOL Energy (CNX), up 0.6%, and Noble Energy (NBL), up 0.8%, after the company said they intend to form a master limited partnership to provide midstream gathering services for production from their jointly owned acreage in the Marcellus Shale. LOWER: lululemon (LULU), down 17% after reporting on quarter, lowering FY14 normalized EPS view, shares downgraded at William Blair and at Stifel... AmeriGas (APU), down 5% after its 8.5M share spot secondary offering priced at $45.80 per unit... Cliffs Natural (CLF), down 2.7% after Casablanca Capital sends letter to shareholders in support of its 6 board nominees, Morgan Stanley said in a note to investors that Cliffs' dividend at risk.
News For RH;LULU;GERN;CLF;SNSS;CNX;NBL;APU From The Last 14 Days
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January 20, 2015
07:43 EDTNBLNoble Energy reports no commercial hydrocarbons in Madison exploration well
Noble Energy announced that the Madison exploration well in the Gulf of Mexico reached the targeted Upper and Middle Miocene objectives and did not encounter commercial hydrocarbons. Drilled to a total depth of 16,859 feet on Mississippi Canyon 479, the well has been plugged and abandoned and the drilling rig has been released. Noble Energy operated the well with a 60% working interest and Stone Energy Offshore, had the remaining 40%.
06:10 EDTLULUlululemon implied volatility of 34 at lower end of index mean range
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January 16, 2015
13:32 EDTLULUManning & Napier Advisors reports 5.96% passive stake in lululemon
11:36 EDTCLFCliffs Natural volatility elevated on wide price movement
Cliffs Natural January weekly call option implied volatility is at 96. January is at 98, March is at 88, compared to its 26-week average of 79 according to Track Data, suggesting large price movement.
10:01 EDTLULUOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 21st Century Fox (FOXA) initiated with a Buy at Stifel... Arista Networks (ANET) initiated with a Neutral at Buckingham... Boston Beer (SAM) initiated with a Buy at Jefferies... Brocade (BRCD) initiated with a Neutral at Buckingham... CBS (CBS) initiated with a Buy at Stifel... Cabela's (CAB) initiated with an Outperform at Raymond James... Coach (COH) initiated with a Market Perform at Bernstein... Costco (COST) initiated with an Outperform at BMO Capital... Crane (CR) initiated with a Hold at Canaccord... Flowserve (FLS) initiated with a Neutral at Susquehanna... Fortinet (FTNT) initiated with a Buy at Buckingham... Gap (GPS) initiated with a Market Perform at Bernstein... GrubHub (GRUB) initiated with a Buy at Stifel... Imperva (IMPV) initiated with a Neutral at Buckingham... KLX Inc. (KLXI) initiated with a Sector Perform at RBC Capital... KNOT Offshore Partners (KNOP) initiated with a Buy at UBS... L Brands (LB) initiated with a Market Perform at Bernstein... Michael Kors (KORS) initiated with an Outperform at Bernstein... Northstar Realty (NRF) initiated with a Buy at Sterne Agee... OmniVision (OVTI) initiated with a Buy at Rosenblatt... Qorvo (QRVO) initiated with a Buy at Brean ... RSP Permian (RSPP) initiated with an Outperform at Northland... Ross Stores (ROST) initiated with a Market Perform at Bernstein... SPX Corp. (SPW) initiated with a Neutral at Susquehanna... TJX (TJX) initiated with an Outperform at Bernstein... Tiffany (TIF) initiated with a Market Perform at Bernstein... Viacom (VIAB) initiated with a Buy at Stifel... Xylem (XYL) initiated with a Neutral at Susquehanna... iGATE (IGTE) initiated with a Buy at Deutsche Bank... lululemon (LULU) initiated with an Outperform at Bernstein.
10:01 EDTLULUOn The Fly: Analyst Downgrade Summary
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07:39 EDTLULU, LULUlululemon downgraded to Outperform from Buy at CLSA
January 15, 2015
17:08 EDTLULUlululemon initiated with an Outperform at Bernstein
Target $76.00.
16:20 EDTCLFOn The Fly: Closing Wrap
Stocks on Wall Street had a see-saw trading day, with every attempt at getting the averages into positive territory being met with more selling. The market spent most of the day in negative territory, however, as the latest bank earnings reports failed to impress investors, the price of oil renewed its downtrend, and the Swiss National bank withdrew its floor support on the Swiss franc. ECONOMIC EVENTS: Internationally, Switzerland's central bank unexpectedly gave up its minimum exchange rate, sending the Swiss franc soaring against the dollar and euro and triggering wild swings in its equity markets. In the U.S., initial jobless claims rose 19K to 316K in the week ended January 10, versus expectations for 298K first-time claims. The producer price index fell 0.3% in December, versus expectations for a decrease of 0.4%. The core PPI rate rose 0.3% in the month, versus expectations for it to be up 0.1%. The Empire State index rebounded to 9.95 in January, beating expectations for a 5.0 reading for the measure of manufacturing activity in the New York area. The Philly Fed index fell 18.0 points to 6.3 in January, which was worse than the projected pullback to a reading of 18.7. WTI crude oil, the U.S. benchmark, reversed its early gains to end the trading session down 4.6% at $46.25 per barrel. COMPANY NEWS: Shares of Target (TGT) advanced $1.34, or 1.8%, to $75.67 after the retailer announced plans to stop operating stores in Canada. Target expects this decision will increase its earnings in fiscal 2015 and beyond, and increase its cash flow in fiscal 2016 and beyond. The company also raised its forecasts for Q4 U.S. comparable sales growth and adjusted earnings per share, mostly due to increased traffic and stronger-than-expected digital sales... Bank of America (BAC) slid 84c, or 5.24%, to $15.20 after reporting its fourth quarter results, while Citigroup (C), which also issued its Q4 report, dropped $1.82, or 3.71%, to $47.23. MAJOR MOVERS: Among the notable gainers was Cliffs Natural Resources (CLF), which rose 93c, or 11.94%, to $8.72 amid strength in the basic materials sector. Also benefitting the stock may have been a Bloomberg report that said an adviser to Quebec's investment arm stated that Cliffs' closed down Bloom Lake mine has attracted interest from several potential buyers. Also higher were shares of Kraft Foods (KRFT), which climbed $2.92, or 4.66%, to $65.68 after Goldman Sachs upgraded the stock to Buy and placed the shares on its Conviction List. Also of note, the Consumer Analyst Group of New York confirmed to Bloomberg that the food and beverage manufacturer canceled its upcoming conference appearance. Among the noteworthy losers was Best Buy (BBY), which dropped $5.61, or 14.06%, to $34.30 after reporting holiday growth that was lower than previous quarters, citing factors including weakness in tablets, and guiding toward comparable sales in the first half of FY16, excluding certain items, to be flat to down by a low-single digit percentage. Also lower were shares of BlackBerry (BBRY), which declined $2.49, or 19.77%, to $10.10 after the company said last night that it is not in talks with Samsung (SSNLF) about a potential merger, rebutting a Reuters report. INDEXES: The Dow fell 106.38, or 0.61%, to 17,320.71, the Nasdaq dropped 68.50, or 1.48%, to 4,570.82, and the S&P 500 declined 18.60, or 0.92%, to 1,992.67.
16:01 EDTCLFOptions Update; January 15, 2015
iPath S&P 500 VIX Short-Term Futures up 1.01 to 36.13. Option volume leaders: AAPL TSLA TWTR AMZN FB C CLF ABX SUNE according to Track Data.
15:57 EDTCLFCliffs Natural said to have multiple suitors for mine, Bloomberg reports
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15:32 EDTCLFCliffs Natural said to have multiple suitors for Bloom Lake, Bloomberg reports
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10:19 EDTLULUOptions with decreasing implied volatility
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10:00 EDTCNXOn The Fly: Analyst Initiation Summary
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05:31 EDTCNXCONSOL initiated with an Equal Weight at Barclays
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January 14, 2015
10:21 EDTLULUOptions with decreasing implied volatility
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10:00 EDTAPUOn The Fly: Analyst Upgrade Summary
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07:53 EDTAPUAmeriGas upgraded to Neutral from Underperform at BofA/Merrill
BofA/Merrill upgraded AmeriGas to Neutral based on the potential benefit from lower propane prices, lower capital needs, and in-line valuation. Price target raised to $52 from $46.
January 13, 2015
11:31 EDTCLFBofA/Merrill metals & steel analysts hold analyst/industry conference call
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10:32 EDTCLFStocks with call strike movement; CLF FEYE
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