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Stock Market & Financial Investment News

News Breaks
December 21, 2012
12:21 EDTHLF, RHT, MU, ASCA, RIMM, PNK, NKE, NOKOn The Fly: Midday Wrap
Stocks on Wall Street were sharply lower at midday after Republicans failed to back Speaker Boehner's "Plan B" fiscal cliff bill, meaning lawmakers will go home for the Christmas holiday with the cliff still looming. Today's volume is heavy, as is typical for options expiration day, but investors seem to care less about the latest economic reports and remain focused on the impact the fiscal cliff may have on the economy next year... ECONOMIC EVENTS: Reports showed U.S. personal income rose 0.6% in November, versus the expected increase of 0.3%. Consumer spending climbed 0.4% in the month, which matched expectations. Durable goods orders rose 0.7% in November, versus the expected increase of 0.3%. Excluding transportation items, orders jumped 1.6%, versus the expected decline of 0.2%. The final University of Michigan Consumer Confidence reading for December was revised down to 72.9 from a prior 74.5 reading. Analysts called for it to rise slightly to 75.0... COMPANY NEWS: Research in Motion (RIMM) jumped higher in after-market trading immediately after its report that Q3 revenue beat consensus estimates and its quarterly losses were not as steep as feared. However, shares reversed and the weakness extended into today's trading session after the company said on its conference call that it plans to introduce a lower enterprise service tier, which multiple Wall Street analysts said may cut into one of its highest margin revenue streams. The company also agreed to a patent deal with Nokia (NOK), under which it will make a one-off payment and pay ongoing fees to it smartphone rival. Shares of Research in Motion plunged over 18% in afternoon trade, while Nokia slid nearly 5%... MAJOR MOVERS: Among the notable gainers were Pinnacle Entertainment (PNK) and Ameristar Casinos (ASCA), which both rose after Pinnacle agreed to purchase its fellow casino operator for $26.50 per share, or $2.8B. Shares of the buyer rose over 18%, while Ameristar jumped nearly 20%. Also higher were shares of Nike (NKE), which rose almost 5%, and Red Hat (RHT), up nearly 4%, after their earnings reports. Among the noteworthy losers were Herbalife (HLF), down more than 14% as the company's public fight with Bill Ackman intensifies, and Micron (MU), down 8% following its worse than expected quarterly results... INDICES: Near noon, the Dow was down 175.99, or 1.32%, to 13,135.73; the Nasdaq was down 45.81, or 1.50%, to 3,004.58; and the S&P 500 was down 19.77, or 1.37%, to 1,423.92.
News For RIMM;NOK;PNK;ASCA;NKE;RHT;HLF;MU From The Last 14 Days
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February 25, 2015
07:56 EDTMUMicron management to meet with Deutsche Bank
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05:53 EDTHLFStocks with implied volatility above IV index mean; ANF HLF
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February 24, 2015
14:35 EDTMUMicron retreats amid pricing, Apple worries but analysts defend shares
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13:45 EDTHLFHerbalife February volatility elevated into Q4 and outlook
Herbalife February weekly option implied volatility is at 166, March is at 99, April is at 88, May is at 84; compared to its 26-week average of 65 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on February 26.
12:42 EDTMUOn The Fly: Midday Wrap
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12:26 EDTMUMicron weakness a buying opportunity, says Sterne Agee
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12:15 EDTMUMicron sell-off 'totally unwarranted,' says Summit Research
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11:48 EDTMUMicron says not seeing pricing decline alluded to in 'boutique firm' report
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11:40 EDTMUStocks with call strike movement; MU EBAY
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11:38 EDTMUMicron pullback a buying opportunity, says JPMorgan
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10:48 EDTHLFHerbalife critics seek meetings with Icahn, Soros, NY Post reports
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10:43 EDTMUMicron drop on Apple speculation presents buying opportunity, says Stifel
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09:46 EDTMUMicron falls sharply, levels to watch
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09:46 EDTMUMicron's May guidance looks increasingly challenged, says Cleveland Research
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05:44 EDTHLFStocks with implied volatility above IV index mean; ANF HLF
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February 23, 2015
10:38 EDTMUMicron management to meet with Pacific Crest
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06:09 EDTHLFStocks with implied volatility above IV index mean; ANF HLF
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February 20, 2015
14:04 EDTHLFHerbalife February volatility elevated into Q4 and outlook
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09:23 EDTNKEGoldman sees select Apparel and Footwear opportunities due to FX risk
Goldman said translation currency exposure in the Apparel and Footwear has created volatility and opportunity to gain exposure to this theme. Goldman's analyst sees a positive near-term set-up for Nike (NKE) and Tiffany (TIF) and a negative set-up for Crocs (CROX) and Abercrombie & Fitch (ANF) and of upcoming earnings reports.
05:13 EDTHLFStocks with implied volatility above IV index mean; HLF ARCP
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