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Stock Market & Financial Investment News

News Breaks
December 21, 2012
16:34 EDTRIMM, YUM, PNK, ASCA, RHT, NKE, HLF, GDI, SPWOn The Fly: Closing Wrap
Stocks on Wall Street were lower on the day, after news last night out of Washington indicated that House Speaker Boehner's 'Plan B' failed to garner enough support for passage in the House, leaving the fiscal cliff unresolved as lawmakers head home for Christmas. Light volume in the markets saw the averages trade in a narrow range following the morning's selloff... 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: After yesterday's close, Research in Motion (RIMM) reported Q3 revenue that beat consensus estimates and quarterly losses that were not as steep as feared, though 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. Shares of RIM opened higher in yesterday's after hours session, but quickly reversed and the weakness continued into today's trading, eventually closing down $3.21, or 22.73%, to $10.91...Yum! Brands (YUM) saw shares down $2.61, or 3.93%, to $63.88, the stock's third straight day of losses following reports that Chinese authorities were testing chicken suspected to have contained an antiviral medicine... MAJOR MOVERS: Among the notable gainers were Pinnacle Entertainment (PNK) and Ameristar Casinos (ASCA), which both rose after Pinnacle agreed to purchase Ameristar for $26.50 per share, or $2.8B. Shares of Pinnacle gained $2.85, or 21.35%, to $16.20 on the news, while Ameristar gained $4.43, or 20.07%, to $26.50. Also higher following earnings reports were Nike (NKE), up $6.10, or 6.16%, to $105.10, and Red Hat (RHT), up $2.38, or 4.52%, to $54.99. Among the noteworthy losers were shares of Herbalife (HLF), down $6.43, or 19.08%, to $27.27 as the company's public fight with Bill Ackman intensifies. Also lower were shares of Gardner Denver (GDI), down $8.14, or 10.78%, to $67.40 after a Reuters report said the company's takeover talks with SPX Corp. (SPW) fell through... INDICES: The Dow was down 120.88, or 0.91%, to 13,190.84; the S&P was down 13.54, or 0.94%, to 1,430.25; the Nasdaq was down 29.38, or 0.96%, to 3,021.01.
News For RIMM;YUM;PNK;ASCA;RHT;NKE;HLF;GDI;SPW From The Last 14 Days
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October 24, 2014
05:54 EDTHLFStocks with implied volatility movement; NPSP HLF
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October 23, 2014
09:22 EDTNKENike CEO 'bullish' on partnership with Apple
Nike (NKE) CEO Mark Parker made comments in an interview on Bloomberg TV. Reference Link
08:01 EDTYUMMcDonald's pressured by rising competition in China, WSJ says
In addition to its food supplier issues, McDonald’s (MCD) has a bigger problem in China, namely rising competition from other foreign companies such as Yum! (YUM) and domestic chains that have gained prominence and scale, said The Wall Street Journal. Reference Link
October 22, 2014
13:54 EDTNKENike expects womens business to reach $7B in revenue by FY17
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12:55 EDTHLFPivotal analyst says Herbalife 'just not a pyramid scheme'
Pivotal Research analyst Tim Ramey said on CNBC that Herbalife "is just not a pyramid scheme."
October 21, 2014
18:33 EDTHLFIcahn reiterates view that high-yield market is a bubble
Says the Fed has given the economy, or the patient, "too much medicine." Says market should not be shorted. Again, says Apple (AAPL) CEO Tim is a "great CEO." Says Apple pay has a great future. Says Ebay (EBAY) is like his past campaign at Motorola. Reiterates view that Ebay should explore Paypal sale right now. Says Dell is on his radar screen. Says Warren Buffet sometimes too easy on companies, should do more on corporate governance. Again, says has never sold a share of Herbalife (HLF). Says Western Europe has "major problems," and continues to be short the Euro. Says energy stocks "getting cheap." Carl Icahn is speaking on Bloomberg TV.
October 20, 2014
11:00 EDTHLFHerbalife volatility increases
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08:48 EDTHLFHerbalife initiated with a Buy at Pivotal Research
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05:54 EDTHLFStocks with implied volatility movement; HLD SD
Stocks with implied volatility movement; Herbalife (HLF) 109, SandRidge Energy (SD) 97 according to iVolatility.
October 16, 2014
08:01 EDTRHTRed Hat, Cloudera announce alliance to deliver enterprise software solutions
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October 15, 2014
10:02 EDTNKEOn The Fly: Analyst Upgrade Summary
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08:28 EDTNKENike upgraded to Conviction Buy from Buy at Goldman
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07:28 EDTYUMYum! Brands weakness creates buying opportunity, says UBS
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06:12 EDTNKENike's Converse sues rivals over 'copycat' design, NY Post reports
Converse, a unit of Nike (NKE), is suing rivals including Ralph Lauren (RL) and Tory Burch, alleging that shoemakers and retailers are copying its iconic design, the New York Post reports. Lawyers for Converse say "We welcome fair competition, but we do not believe companies have a right to copy the trademarked look." The lawsuit seeks unspecified damages and injunctions that would bar the production of the rival shoe models. Reference Link
October 14, 2014
12:51 EDTYUMKFC to open first American restaurant in Myanmar next year, Nikkei reports
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11:21 EDTYUMDomino's Pizza rises after Q3 profits benefit from high cheese costs
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11:17 EDTYUMOptions with decreasing implied volatility
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09:37 EDTYUMDomino's Pizza sees potential for additional 3.8K stores in top 15 markets
Says has 'robust' international business. Says its store count growing faster internationally than Pizza Hut or Papa Johns (PZZA). Pizza Hut is owned by Yum! Brands (YUM). Says now offering voice ordering for Apple's (AAPL) iPhone and Google's (GOOG) Android operating systems. Says in terms of the franchise's long-range outlook, sees global net units to increase 4%-6%, sees domestic SSS to increase 2%-4%, sees international SSS to increase 3%-6% and sees global retail sales to increase 6%-10%. Comments taken from the company's Q3 earnings conference call slide presentation.
October 13, 2014
12:01 EDTYUMOptions with decreasing implied volatility
Options with decreasing implied volatility: EXAS INFY YUM FDO HSY
09:01 EDTHLFHerbalife moving distributor websites to central control, NY Post reports
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