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Stock Market & Financial Investment News

News Breaks
August 1, 2014
05:48 EDTS, SPXStocks with implied volatility movement; S SPX
Stocks with implied volatility movement; Sprint (S) 59, S&P 500 (SPX) 15 according to iVolatility.
News For S;SPX From The Last 14 Days
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April 12, 2015
19:21 EDTSSprint introduces free international roaming
In a press release Friday, Sprint introduced "International Value Roaming," giving customers the ability to travel to areas in Latin America, Europe and Japan and roam with up to 2G speeds to read emails and surf the web at no additional charge. Additionally, they can send unlimited text messages for no extra charge, and they can call for 20c per minute. Eligible countries for International Value Roaming are Argentina, Brazil, Chile, Costa Rica, El Salvador, Germany, Guatemala, Japan, Mexico, Nicaragua, Panama, Russia, South Korea, Spain and the United Kingdom. Customers looking for higher data speeds can choose from three "International Speed Data Roaming options" offering up to 3G network speeds for one-day, seven-day and 14-day passes, starting at $15.
April 10, 2015
15:03 EDTSPXOn The Fly: Weekly technical notes for Financial SPDR ahead of bank earnings
Among the potentially significant charts for the coming week, The Fly is watching the Financial Select Sector (XLF), S&P 500 (SPX), and iShares Transportation Average (IYT). FINANCIAL SELECT: In the coming week the major banks will report and that is likely to move this bank focused fund. Currently, the Financial Select Sector SPDR has a potential bearish wedge on the 1-year daily chart. It is very close to triggering at or below $24, and would have downside potential to the $23 to $22.75 area. Patterns during earnings are at their weakest in some respects as news can lead to the opposite of the expected outcome. If that is the case, investors could expect to see upside equal in magnitude to the downside, with a move up to $25.50 or higher. S&P 500 (SPX): The expected range-bound trading highlighted last week has continued this past week, but with an important technical event today. In the week ahead traders should note that a bullish symmetrical triangle pattern became active on Friday afternoon when price rose above the 2080 area. For now traders appear poised for the range of the last few months to be resolved bullishly, which could mean new life highs in the week ahead. The measuring implications of the triangle, if it remains active, would see upside to 2160 area. With earnings ahead this pattern could fail, and a move below 2085 at this juncture would be a signal that the pattern is no longer valid. TRANSPORTATION: The Fly made a note of the importance of the 50-week moving average earlier this week, last at $154.17. On a 5-year chart its importance as an uptrend support line proxy is clear. The bulk of gains in the S&P 500 and Dow for example have followed the breakout of the Transports in January 2013. A breakdown below the 50-week would, therefore, have broad bearish implications. A stronger bounce than has been seen away from the 50-week, which was briefly broken on Monday April 6, could equally signal a broader advance in the major indexes.
11:33 EDTSPXS&P 500 hits session high, levels to watch
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08:45 EDTSPXS&P 500: Pivot points
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05:59 EDTSSprint to pay $15.5M to settle DOJ wiretap overcharging case
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April 9, 2015
15:36 EDTSPXS&P 500 at highs of the session, levels to watch
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12:14 EDTSSprint store announcement a positive, says Wells Fargo
Wells Fargo views Sprint's announcement of opening 1,435 Sprint-RadioShack stores starting tomorrow as a positive. Wells believes the stores are in attractive locations across the country and that Sprint continues to focus on attracting higher credit quality customers. It keeps an Outperform rating on the name.
11:25 EDTSPXS&P 500 slips to lows of the day, levels to watch
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11:02 EDTSSprint to open 1,435 Sprint-RadioShack stores tomorrow
Sprint says it will more than double its company-owned retail footprint tomorrow by opening 1,435 Sprint-RadioShack stores. In last week’s transaction, General Wireless, an affiliate of Standard General LP, acquired 1,743 RadioShack stores. Sprint has agreed with Standard General to be co-tenants in 1,435 of those stores, with Sprint being the primary brand in marketing materials and signage. Sprint will occupy roughly one third of the retail space at these existing RadioShack locations. The phone carrier added, "The expansion of Sprint’s retail stores also means significant opportunities for the company to invest in local communities by adding nearly 3,500 new jobs. In the coming months, Sprint will actively recruit a skilled workforce to fill quality full- and part-time positions, helping to make local communities stronger."
08:45 EDTSPXS&P 500: Pivot points
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April 8, 2015
08:45 EDTSPXS&P 500: Pivot points
The following are the pivot points for the SPX. Pivot High: 2083.070, Pivot Low: 2069.360. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
06:06 EDTSSoftbank downsizing Silicon Valley presence, WSJ reports
SoftBank (SFTBF) has reduced its presence in Silicon Valley, relocating some employees to Japan and subsidiary Sprint's (S) headquarters in Kansas, The Wall Street Journal reports. The move to downsize comes after Sprint's failed bid to acquire T-Mobile US (TMUS) last year. Reference Link
April 7, 2015
15:50 EDTSPXS&P 500 turns negative on the day, levels to watch
The index has turned negative on the session, last down fractionally to 2079.13. At that price support is at 2074.28. Resistance is at 2080.62, the prior session close. Health Care, Energy, and Technology remain the relative upside leaders. Utilities are the downside leaders, with the Financials, Consumer Discretionary, and Consumer Staples becoming additional drags on the downside.
12:47 EDTSPXS&P 500 trades near session highs at mid-session, levels to watch
The index was last at 2087.16, just off the session high at 2089.81. Above the session high next resistance is at 2094.89. Support is at 2080.35. All sectors with the exception of Utilities are in the green, with Health Care, Energy, and Technology the relative upside leaders.
08:45 EDTSPXS&P 500: Pivot points
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April 6, 2015
13:38 EDTSPXS&P 500 climbs to session highs, levels to watch
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10:25 EDTSPXS&P 500 turns positive, hits session highs in first hour of trading
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09:39 EDTSPXS&P 500 trades up off initial low
The index is still down on the session, but off the low at 2056.52 which is now support. At the current price of 2060.75, resistance is at 2067.15.
08:45 EDTSPXS&P 500: Pivot points
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06:45 EDTSQualcomm downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Qualcomm (QCOM) to Market Perform, removed the stock from its Top Picks list and dropped its price target for shares to $72 from $80. FBR said the moves were prompted by a posting on AT&T's (T) website which said the carrier’s version of the GS6 smarphone is powered by the Samsung Exynos 7420 processor with a Shannon 333 modem as opposed to Qualcomm's Snapdragon platform. FBR still expects the Verizon (VZ) and Sprint (S) GS6 versions to sport Qualcomm modems, but it believes the change at AT&T signals Samsung’s "clear intent to utilize proprietary baseband whenever and wherever possible." Shares of chip maker Qualcomm closed Thursday down $1.46 to $67.97.
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