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Stock Market & Financial Investment News

News Breaks
December 21, 2012
12:21 EDTRHT, MU, HLF, PNK, NKE, NOK, ASCA, RIMMOn 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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August 28, 2015
06:10 EDTMUTsinghua Unigroup chairman meets with Micron board members, Reuters says
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August 27, 2015
15:19 EDTMUOptions Update; August 27, 2015
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12:58 EDTHLFHerbalife price target raised to $100 from $90 at Pivotal Research
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11:30 EDTMUStocks with call strike movement; MU MRO
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07:20 EDTNKENike continuing to 'dominate' back to school, says Stifel
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05:53 EDTMUIC demand for notebooks picking up, DigiTimes reports
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August 26, 2015
10:00 EDTNKEOn The Fly: Analyst Upgrade Summary
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07:45 EDTNKENike upgraded to Positive at Susquehanna
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06:40 EDTNKENike upgraded to Positive from Neutral at Susquehanna
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August 25, 2015
08:00 EDTHLFTwitter wants to move Herbalife suit to California, NY Post reports
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August 24, 2015
09:45 EDTNKEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bank of America (BAC) upgraded to Outperform from Market Perform at Keefe Bruyette... Bristol-Myers (BMY) upgraded to Neutral from Underweight at Piper Jaffray... Chevron (CVX) upgraded to Neutral from Underperform at BofA/Merrill... Abercrombie & Fitch (ANF) upgraded to Overweight from Neutral... Nike (NKE) upgraded to Outperform from Market Perform at Telsey Advisory... DreamWorks (DWA) upgraded to Buy from Neutral at B. Riley... Caesarstone (CSTE) upgraded to Overweight from Equal Weight at Barclays... TransAlta (TAC) upgraded to Outperform from Market Perform at BMO Capital... Sarepta (SRPT) upgraded to Overweight from Neutral at Piper Jaffray... AutoZone (AZO) upgraded to Buy from Neutral at BofA/Merrill... Royal Dutch Shell (RDS.A) upgraded to Buy from Hold at Jefferies... Allscripts (MDRX) upgraded to Buy from Hold at Argus... China Unicom (CHU) upgraded to Buy from Hold at Jefferies... Ross Stores (ROST) upgraded to Buy from Neutral at Buckingham.
06:20 EDTNKENike upgraded to Outperform from Market Perform at Telsey Advisory
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August 23, 2015
14:23 EDTMUApple, Micron shares look like bargains, Barron's says
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August 21, 2015
12:18 EDTNOKMicrosoft to cut up to 2,300 jobs in Finland, Reuters reports
Microsoft (MSFT) will cut up to 2,300 jobs in Finland and close Nokia's (NOK) former handset product development unit in Salo, Reuters reports. The cuts are part of Microsoft's plans to cut 7,800 jobs globally. Microsoft will keep open sites in Espoo and Tampere. Reference Link
August 20, 2015
16:00 EDTMUOptions Update; August 20, 2015
iPath S&P 500 VIX Short-Term Futures up 1.49 to 17.70. Option volume leaders: AAPL BAC FB NFLX DIS INTC BABA MU
11:12 EDTMUStocks with call strike movement; MU TWTR
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10:00 EDTMUOn The Fly: Analyst Downgrade Summary
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09:20 EDTMUOn The Fly: Pre-market Movers
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07:28 EDTMUBaird downgraded Micron to Neutral on falling DRAM prices
Baird analyst Tristan Gerra downgraded Micron to Neutral from Outperform and lowered his price target to $15 from $36 on DRAM price concerns. Gerra believes blended DRAM pricing could fall 20%+ between now and next year, down to fully loaded costs before capacity cuts take place. The analyst said continued PC unit weakness, soft enterprise server, mobile DRAM weakness, and excess channel inventories are causing the current downturn. Gerra expects Micron's gross margin and earnings to bottom in the February quarter and sees little upside potential until then.
05:46 EDTNOKNokia Networks expand use of WANdisco big data technology
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