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Stock Market & Financial Investment News

News Breaks
March 16, 2012
16:21 EDTPWRD, C, OGXI, WFC, RIG, DSCO, FROOn The Fly: Closing Wrap
Stock futures were quiet throughout the pre-market trading session, leading to a relatively flat open for the broader market. The action characterized the day’s activity as the averages moved in a narrow range throughout the session and investors ignored economic data points The action was particularly quiet given it was quadruple witching; the day when stock index futures, stock index options, stock options, and stock futures expire. ECONOMIC EVENTS: In the U.S., the CPI showed that prices rose 0.4% in February, in-line with the expected increase. The core reading, which excludes food and energy, showed an increase of 0.1% versus the expected increase of 0.2%. U.S. industrial production was flat in February, versus expectations of rise of 0.4%. Capacity utilization was reported at 78.7%, down from January's upwardly revised 78.8%. In March, U.S. consumer sentiment dipped 1 point to 74.3 according to the preliminary University of Michigan survey, versus expectations for a 76.0 reading... MARKET NEWS: Shares of Transocean (RIG) moved up about 4% after the company's monthly fleet update spurred an upgrade at Global Hunter and price target increases at Citigroup (C) and Susquehanna…MAJOR MOVERS: Among the biggest gainers were Frontline Ltd. (FRO) which soared 23.6% to $7.64 after Wells Fargo (WFC) noted charter costs had risen significantly, and Perfect World (PWRD) which rallied 27.6% to $16.01 after reporting better than expected Q4 results. The losers included Discovery Labs (DSCO) which tumbled 18.5% to $2.85 after announcing a 16M share offering, and OncoGenex Pharmaceutical (OGXI) which fell 20.7% to $13.81 after announcing a 4M share offering. INDICES: The Dow fell 20.14 to 13,232.62, the S&P gained 1.57 to 1,404.17, and the Nasdaq lost 1.11 to 3,055.26.
News For RIG;C;FRO;WFC;PWRD;DSCO;OGXI From The Last 14 Days
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July 1, 2015
10:38 EDTWFCWells Fargo July volatility flat into Q2 and outlook
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07:57 EDTWFC, CU.S. banks not facing significant direct losses on Greek default, WSJ says
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07:37 EDTDSCODiscovery Labs notified by NASDAQ of minimum bid price requirement noncompliance
Discovery Laboratories received a letter from The Nasdaq Stock Market indicating that, because the company's common stock has not maintained a minimum closing bid price of $1.00 per share over the previous 30 consecutive business days, the company is no longer in compliance with Nasdaq's Minimum Bid Price Requirement Listing Rule. The company has until December 28 to regain compliance with the Requirement. If during the grace period, the company's common stock achieves a minimum closing bid price of at least $1.00 per share for a period of at least ten consecutive business days, the company will regain compliance with the Minimum Bid Price Requirement and its common stock will continue to be eligible for listing on the Nasdaq Capital Market. The company may be eligible for an additional grace period through June 27, 2016.
June 29, 2015
16:00 EDTCOptions Update; June 29, 2015
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11:29 EDTRIGStocks with call strike movement; RIG BABA
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June 26, 2015
16:00 EDTRIGOptions Update; June 26, 2015
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11:56 EDTRIGStocks with call strike movement; RIG AMD
Transocean (RIG) November 20 call option implied volatility increased 2% to 43, AMD (AMD) October 3 call option implied volatility decreased 1% to 52 according to IVolatility.
07:28 EDTCKKR-backed Coffee Day plans $181M IPO in India, Bloomberg reports
Coffee Day Enterprises, which includes KKR (KKR) among its investors, plans to raise as much as $181M from an initial share sale in India, Bloomberg reports. Kotak Mahindra Capital, Citi (C), and Morgan Stanley (MS) are among the managers to the planned sale, the report says. Reference Link
06:38 EDTCCiti plans to combine retail banking, mortgage operations, Reuters says
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June 25, 2015
10:11 EDTCBrooks Brothers, Citi announce exclusive credit card relationship
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07:13 EDTWFC, CFed director says full transparency in stress testing can be 'enormous weakness'
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05:35 EDTCCiti apppointed depository bank for Celyad ADR program
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June 24, 2015
10:00 EDTCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Autoliv (ALV) downgraded to Sell from Neutral at Goldman... Catamaran (CTRX) downgraded to Neutral from Buy at UBS... Citi (C) downgraded to Hold from Buy at Deutsche Bank... Esperion (ESPR) downgraded to Neutral from Outperform at Credit Suisse... Fortinet (FTNT) downgraded to Neutral from Buy at Citi... General Motors (GM) downgraded to Neutral from Buy at Goldman... Goldman Sachs (GS) downgraded to Hold from Buy at Deutsche Bank... IBERIABANK (IBKC) downgraded to Neutral from Outperform at Baird... Independent Bank (INDB) downgraded to Underperform from Neutral at Baird... Inphi (IPHI) downgraded to Market Perform from Outperform at Northland... MoneyGram (MGI) downgraded to Neutral from Outperform at Macquarie... Sensata (ST) downgraded to Hold from Buy at Cross Research... Teradyne (TER) downgraded to Buy from Conviction Buy at Goldman... Alcobra (ADHD) downgraded to Hold from Speculative Buy at WBB Securities.
07:19 EDTRIGU.K. panel to decide on first fracking in area since 2011, WSJ reports
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06:37 EDTCDeutsche downgrades Citi, Goldman after share rallies
Deutsche Bank analyst Matt O'Connor recommends using the strong share performance of both Citi (C) and Goldman Sachs (GS) as on opportunity to take profits. The analyst this morning downgraded shares of both investment banks to Hold from Buy. Citi is up 21% from the lows on January 30 while Goldman is up 30% since July 1, 2014, the analyst points out. On Citi, O'Connor sees less near term upside with fixed income trading entering a seasonally weak period and core cost reductions largely over. On Goldman, the analyst sees a lack of catalysts to drive the stock meaningfully higher in the near term. His top picks among U.S. Banks are Bank of America (BAC), JPMorgan (JPM), M&T Bank (MTB) and SunTrust (STI).
06:27 EDTCCiti downgraded to Hold from Buy at Deutsche Bank
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June 23, 2015
13:02 EDTWFCSumitomo, others show interest in GE railway-leasing business, WSJ says
Japan's Sumitomo Mitsui Financial Group is interested in buying General Electric's (GE) railway-leasing business, says the Wall Street Journal, citing sources. Wells Fargo (WFC) and other U.S. financial institutions have also shown interest in GE Capital Rail Services, which may be worth around $4B, added the Wall Street Journal, citing people familiar with the matter. Reference Link
09:36 EDTCActive equity options trading on open
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06:25 EDTCBarclays-Stifel deal marks end of Lehman legacy, Business Insider reports
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June 21, 2015
14:25 EDTRIGTransocean shares look cheap, Barron's says
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