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Stock Market & Financial Investment News

News Breaks
November 28, 2012
05:55 EDTRNET, RNET, RNET, CHK, CHK, CHK, FET, FET, FET, BAS, BAS, BAS, EPL, EPL, EPL, KOG, KOG, KOG, FST, FST, FST, CLR, CLR, CLR, HEK, HEK, HEK, RRC, RRC, RRC, PVA, PVA, PVA, WMB, WMB, WMB, COP, COP, COP, WG, WG, WG, ZAZA, ZAZA, ZAZA, SPN, SPN, SPNJefferies to host a conference
Global Energy Conference is being held in Houston on November 28-30.
News For RNET;ZAZA;WG;COP;WMB;PVA;RRC;HEK;CLR;FST;KOG;EPL;BAS;FET;CHK;SPN From The Last 14 Days
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August 25, 2015
05:59 EDTWMBStocks with implied volatility movement; WMB VZ
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August 24, 2015
07:19 EDTCLRContinental Resources downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill downgraded Continental Resources to Neutral and lowered its price target to $44 from $70. The firm downgraded shares based on potential extended commodity weakness and the impact on investment.
05:56 EDTWMBStocks with implied volatility above IV index mean; ANF WMB
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August 23, 2015
17:49 EDTCOPIran to increase oil production as BP, Shell express interest, Bloomberg says
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August 21, 2015
07:05 EDTCHKChesapeake reports notice of proposed voluntary dismissal of derivative action
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August 20, 2015
06:10 EDTCOPAuction for drilling leases attracts little interest, NY Times reports
A federal auction for drilling leases in the Gulf of Mexico Wednesday attracted only $22.7M in sales from five companies, the lowest since 1986, reports the New York Times. Most companies have insisted they would not sacrifice production in future years, but executives have recently expressed concern that the oil price collapse could last through 2016 and possibly even 2017. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
August 19, 2015
16:58 EDTCOPOn The Fly: Top stock stories for Wednesday
The market opened deep in negative territory after a tumultuous trading session in China and a softer than expected U.S. consumer prices report. Sellers continued to push the averages lower throughout the morning, with the Dow tacking on losses of more than 200 points as investors waited for the release of the Fed minutes. The market rallied following an early leak of the minutes, which suggested officials are getting closer to raising rates but appear to be waiting for additional data. Despite the afternoon rally, the averages sold off once again heading into the close, leaving all three indices in the negatives for Wednesday. ECONOMIC EVENTS: In the U.S., the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%. There were no revisions to the 0.3% headline gain in June or the 0.2% growth in the ex-food and energy component. Component gains were muted across the board, with Energy prices up just 0.1% in July. Meanwhile, FOMC minutes showed no definitive indication of a September rate hike. Most committee members "judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point." Other members, however, believed that the inflation outlook "might not soon meet one of the conditions... for initiating a firming of policy." COMPANY NEWS: Shares of Dot Hill Systems (HILL) soared $4.50, or 86.87%, to $9.68 after Seagate Technology (STX) agreed to acquire the company for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016. Shares of the hard drive giant fell 5.03% to $49.43 for the session... Lowe's (LOW) shares saw gains of $1.34, or 1.84%, to $74.36 following the company's earnings report this morning, while Target (TGT) rose $59c, or 0.73%, to $80.89 after beating on both top and bottom lines. On a subsequent conference call, Target executives forecast a "choppy" competitive environment in Q3, though they added that the company "will not get beat" on promotions in Q4. Separately, American Eagle (AEO) lost 7.42% to $16.92 after its quarterly numbers. MAJOR MOVERS: Among the notable gainers were Palatin (PTN) and Apricus (APRI), showing respective advances of 3.19% and 7.89% after the FDA approved Sprout's female sexual dysfunction drug Addyi, with the agency remarking that it "continues to encourage drug development in this area." Note that both Palatin and Apricus are developing their own treatments in the space, and Apricus reaffirmed this morning its intent to seek a global partner as it advances its Femprox sexual dysfunction medication. Also higher was Yum! Brands (YUM), which gained $1.90, or 2.26%, to $86.10 after appointing a new CEO of its China division, adding that its same-store sales in the region "have turned significantly positive." Among the noteworthy losers was Rayonier Advanced Materials (RYAM), plunging $6.01, or 44.09%, to $7.62 after disclosing a legal battle with its customer Eastman Chemical (EMN) over "meet or release" contract stipulations which may impact Eastman's purchase obligations. Also lower was Caesarstone (CSTE), which lost $3.43, or 7.14%, to $44.61 after short-selling hedge fund Spruce Point said the stock has up to 75% downside due to heightened raw material costs and competitive concerns, among other factors. Separately, EOG Resources (EOG), Baytex Energy (BTE), and Vanguard Natural (VNR) saw respective losses of 4.15%, 15.53%, and 13.83% after WTI crude fell 5.02% for the session. INDEXES: The Dow declined 162.61, or 0.93%, to 17,348.73, the Nasdaq fell 40.30, or 0.80%, to 5,019.05, and the S&P 500 lost 17.31, or 0.83%, to 2,079.61.
16:00 EDTCHKOptions Update; August 19, 2015
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13:30 EDTCLROptions with increasing put volume;
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13:23 EDTCOP, CLROptions with increasing call volume
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10:05 EDTCLRHigh option volume stocks
High option volume stocks: MNTA TUR ITB CLR HILL DV AU XLNK AEO CYBR
August 18, 2015
16:00 EDTCHKOptions Update; August 18, 2015
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08:12 EDTCOPGlobal Big Oil sector upgraded at Citi
Citi analysts Alastair Syme and Michael Alsford upgraded their rating on the Global Big Oil space and now recommend investors position "at least a benchmark-weight" in the group. The analysts, who had been multi-year cautious on the space, prefer Total (TOT), ConocoPhillips (COP) and Statoil (STO), which they call "self-helpers." The sector price-to-book ratio of 1.2 times is now below the Q1 of 2009 and Q4 of 1998 troughs, Syme and Alsford write. Cost-cutting and better capital allocation are key to restoring the industry's profitability, they believe.
07:29 EDTCLR, BASEnerCom to hold a conference
The Oil & Gas Conference is being held in Denver, Colorado on August 16-20 with webcasted company presentations to begin on August 18 at 10:00 am; not all company presentations may be webcasted. Webcast Link
06:01 EDTWMBStocks with implied volatility above IV index mean; WMB ATML
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August 17, 2015
16:53 EDTWMBOn The Fly: Top stock stories for Monday
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07:46 EDTRRCEnerCom to hold a conference
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07:23 EDTWMBSpectra making bid for whole of Williams Companies, Reuters reports
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06:01 EDTWGWillbros Group expects to restore compliance with NYSE listing standards
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06:01 EDTWMBStocks with implied volatility above IV index mean; WMB ODP
Stocks with implied volatility above IV index mean; Williams (WMB) 57, Office Depot (ODP) 60 according to iVolatility.
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