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Stock Market & Financial Investment News

News Breaks
March 11, 2014
12:16 EDTJIVE, URBN, AAPL, TMUS, JOSB, SAP, MYGN, FCEL, T, S, MW, ORCL, AEO, BYD, VZ, WDAYOn The Fly: Midday Wrap
Stocks on Wall Street continued searching for direction near midday, after having spent time about equal time just above and just below the flat-line in the early hours of the session. The averages drifted lower and fell into negative ground near noon, but generally have been range in a band around where they ended yesterday. ECONOMIC EVENTS: In the U.S., wholesale inventories rose 0.6% in January, beating expectations for an increase of 0.4%. The NFIB small business optimism index for February fell to 91.4, which was a worse than expected drop from its prior 94.1 reading. The JOLTS report showed job openings rebounded 60K in January to 3.97M. COMPANY NEWS: Softbank (SFTBF) CEO and Sprint (S) Chairman Masayoshi Son confirmed his interest in buying T-Mobile (TMUS) in a number of television interviews, though clearly noted that he has no formal agreement with T-Mobile and that "steps and details" would have to be worked out if a deal were to move forward. Analysts at Wells Fargo think Son is undertaking a "targeted and very purposeful" public relations effort to help make Sprint's case to purchase T-Mobile and believe his comments regarding a "massive price war" if Sprint was given clearance to pursue a merger could pressure shares of AT&T (T) and Verizon (VZ). Shares of both of the incumbent U.S. wireless leaders were down about 1% at midday as Son's public relations tour continues with an event planned in Washington, D.C... Shares of Apple (AAPL) climbed over 1% after research firm Pacific Crest upgraded the tech giant in a note to investors earlier today, citing the opportunity for a 4.7 inch iPhone 6 to increase Apple's gross profit. A number of media outlets have reported that Apple will release a larger screen iPhone this year, but the company has not confirmed the reports... Another name that spiked near midday was Jive Software (JIVE), which jumped after Re/code said the company has explored a sale in recent months, though the report added that Oracle (ORCL), SAP (SAP) and Workday (WDAY) each passed on making a bid. Shares were off their earlier highs but remained up about 5% near noon... Suit retailers Men's Wearhouse (MW) and Jos. A. Bank (JOSB) ended their long and public courtship as Men's Wearhouse struck a deal to acquire its peer for $65 per share in cash. MAJOR MOVERS: Among the notable gainers was Boyd Gaming (BYD), which jumped more than 16% after activist hedge fund Elliott Associates disclosed a stake in the casino operator. Also higher was alternative energy company FuelCell (FCEL), which rose nearly 15% following its quarterly earnings report. Among the noteworthy losers was Myriad Genetics (MYGN), which fell about 10% after a judge denied the company's motion for preliminary injunctive relief against rival Ambry Genetics. Also lower following their earnings reports and cautious commentary about the current environment were mall-based clothing retailers Urban Outfitters (URBN), which slid over 4%, and American Eagle (AEO), which dropped more than 5%. INDEXES: Near midday, the Dow was down 37.08, or 0.23%, to 16,381.60, the Nasdaq was down 3.20, or 0.07%, to 4,331.25, and the S&P 500 was down 4.88, or 0.26%, to 1,872.29.
News For S;TMUS;VZ;T;AAPL;BYD;FCEL;URBN;AEO;MYGN;JIVE;ORCL;SAP;WDAY;MW;JOSB From The Last 14 Days
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December 5, 2014
09:17 EDTAEOOn The Fly: Pre-market Movers
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07:51 EDTAEOAmerican Eagle fundamentals remain weak, says UBS
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07:45 EDTAAPLConsensus on Apple iPhone units could be low, says UBS
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07:17 EDTORCLOracle December volatility elevated into Q2 and margin outlook
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07:15 EDTAEOAmerican Eagle shares should be bought on weakness, says SunTrust
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06:41 EDTAAPLApple questions validity of plaintiffs in iPod case, NY Times says
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06:03 EDTAAPLiOS mobile traffic shows iPhone 6 launch strong, says Piper Jaffray
Piper Jaffray says that according to Quantcast data, Apple's (AAPL) iOS mobile traffic share increased from 60.6% at iPhone 6 launch to 61.4% nine weeks after launch, while Google's (GOOG) Android decreased from 38.4% to 37.5% in the same period. Piper views the iOS mobile traffic share as further evidence that the iPhone 6 launch in the U.S. is off to a strong start. It keeps an Overweight rating on Apple shares with a $135 price target.
06:01 EDTTTechNet: Combined AT&T/DirecTV will increase broadband development
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December 4, 2014
18:34 EDTAEOOn The Fly: After Hours Movers
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16:07 EDTAEOAmerican Eagle sees FY14 CapEx approximately $230M
The company continues to expect capital spending to be approximately $150M in 2015.
16:07 EDTAEOAmerican Eagle reports Q3 total merchandise inventories $469M
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16:04 EDTAEOAmerican Eagle sees Q4 EPS approximately 30c-33c, consensus 35c
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16:02 EDTAEOAmerican Eagle reports Q3 adjusted EPS 22c, consensus 22c
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16:00 EDTAAPLOptions Update; December 4, 2014
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15:18 EDTAEONotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cooper Companies (COO), consensus $2.03; ULTA Salon (ULTA), consensus 84c; American Eagle Outfitters (AEO), consensus 22c; Five Below (FIVE), consensus 6c; Ambarella (AMBA), consensus 54c; Finisar (FNSR), consensus 25c; Smith & Wesson (SWHC), consensus 7c.
14:52 EDTAEOAmerican Eagle technical comments before results
The shares in the past three months have been trading sideways in a range of $12.50 at the low to $15 at the high. Those two bounds may be useful as a guide to post-earnings price reactions. On stronger than expected bullish news the stock could easily test the upper bound at $15. A breakout above $15 would resolve the range bullishly. Next resistance levels in that case would be at $15.69, $16.50 which is the 52-week high, and $17.15. If the news is bearish, a test to the low of the range would be possible. On a breakdown below $12.50, the following support levels could become additional downside objectives: $11.63, $11.10, and $10.52. The 52-week low is at $10.12 and could be tested on exceptionally bearish news.
11:24 EDTMWMen's Wearhouse volatility elevated into Q3 and outlook
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09:37 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL ALTR P BIDU AMZN TSLA X NFLX TWTR WMT
08:10 EDTVZDuPont Fabros and Verizon expand relationship with Virginia data center
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05:23 EDTVZVerizon, Cox reavh agreement to restore Fox 25 to FiOS TV
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