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Stock Market & Financial Investment News

News Breaks
February 4, 2013
10:17 EDTWMS, YOKU, BUD, EXPE, BKR, HSY, SCHW, CMA, CLWR, WCC, MRK, GOOG, TIF, WMT, VOD, LF, CVX, NYT, WSFSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Charles Schwab (SCHW) downgraded to Neutral from Buy at UBS... Chevron (CVX) downgraded to Neutral from Buy at UBS... Comfort Systems USA (FIX) downgraded to Hold from Buy at BB&T... Google (GOOG) downgraded to Market Perform from Outperform at BMO Capital... Hershey (HSY) downgraded to Neutral from Conviction Buy at Goldman... LeapFrog (LF) downgraded to Buy from Strong Buy at Ascendiant Capital... Merck (MRK) downgraded to Underweight from Equal Weight at Morgan Stanley... Michael Baker (BKR) downgraded to Hold from Buy at KeyBanc... Vodafone (VOD) downgraded to Neutral from Buy at Citigroup... WESCO (WCC) downgraded to Neutral from Buy at UBS... WSFS Financial (WSFS) downgraded to Neutral from Buy at Janney Capital... Wal-Mart (WMT) downgraded to Neutral from Overweight at JPMorgan... Clearwire (CLWR) downgraded to Underperform from Neutral at DA Davidson... New York Times (NYT) downgraded to Sell from Neutral at Lazard Capital... Tiffany (TIF) downgraded to Neutral from Buy at Monness Crespi... Comerica (CMA) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Expedia (EXPE) downgraded to Neutral from Buy at Monness Crespi... Guess (GES) downgraded to Underperform from Neutral at Buckingham... Youku Tudou (YOKU) downgraded to Sell from Hold at Maxim... WMS Industries (WMS) downgraded to Hold from Buy at Stifel Nicolaus... AB InBev (BUD) downgraded to Neutral from Buy at BofA/Merrill.
News For SCHW;CVX;GOOG;HSY;LF;MRK;BKR;VOD;WCC;WSFS;WMT;CLWR;NYT;TIF;CMA;EXPE;YOKU;WMS;BUD From The Last 14 Days
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November 9, 2014
18:58 EDTMRKMerck presents interim data from C-SWIFT study
Merck announced the presentation of interim data from the C-SWIFT study exploring the potential of a candidate triple-therapy regimen consisting of the fixed-dose combination of grazoprevir/elbasvir , the company’s investigational NS3/4A protease inhibitor and NS5A inhibitor, in combination with sofosbuvir, a nucleotide inhibitor for the treatment of chronic hepatitis C virus, HCV, infection. Preliminary findings in treatment-naïve HCV genotype 1- infected non-cirrhotic patients, following six and four weeks of treatment, and patients with cirrhotic disease, following eight and six weeks of treatment, will be presented by Dr. Eric Lawitz, vice president, scientific and research development, The Texas Liver Institute, San Antonio, TX and C-SWIFT lead investigator. This poster presentation is part of a late-breaking abstract session at the 65th American Association for the Study of Liver Diseases, AASLD, Annual Meeting, also known as The Liver Meeting. “These interim data provide a compelling proof-of-concept for the potential of an eight- or six-week triple therapy course in treatment-naive patients with genotype 1 disease, including cirrhotic patients,” said Dr. Lawitz. “These findings will inform the design of larger studies aimed at understanding the potential of short-duration triple therapy across multiple patient types.”
18:41 EDTWMTWal-Mart to focus on food safety in China, Reuters says
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16:55 EDTWMTWal-Mart China sales impacted by country's austerity program, WSJ says
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November 7, 2014
11:58 EDTWMTWal-Mart call activity attributed to activist investor speculation
Wal-Mart November 80 and 81 call active of total call volume of 25K contracts (1K puts) is attributed to activist investor speculation. November call option implied volatility is at 19, December and January is at 12; compared to its 26-week average of 14 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
11:20 EDTWMTRumor: Wal-Mart strength attributed to activist investor speculation
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09:36 EDTGOOGActive equity options trading
Active equity options trading according to Track Data: AAPL WFM ABX GILD TSLA ZNGA FB FSLR GOOG AMZN
06:46 EDTGOOGMicrosoft begins offering free iPhone Office apps
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06:39 EDTGOOGLenovo to launch low-cost Chromebook in early 2015, DigiTimes reports
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November 6, 2014
15:52 EDTGOOGApple appears to be crawling HTML sites with bot, AppleInsider says
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15:13 EDTMRKAmerican Association for Study of Liver Diseases to hold a meeting
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13:04 EDTGOOGEarnings Preview: Analysts positive on NVIDIA ahead of Q3 earnings report
NVIDIA (NVDA) is expected to report third quarter earnings after the close on Thursday, November 6, with a conference call scheduled for 5:00 pm ET. NVIDIA is a semiconductor manufacturer that produces graphics chips used in personal computers as well as mobile processors used in cell phones and tablets. EXPECTATIONS: Analysts are looking for earnings per share of 29c on revenue of $1.2B. The consensus range is 27c-31c for EPS on revenue of $1.2B-$1.22B, according to First Call. In its last earnings report, NVIDIA said it expects Q3 revenue of $1.2B, plus or minus 2%, which was higher than analysts' consensus of $1.16B at the time. LAST QUARTER: On August 6, NVIDIA reported second quarter EPS of 30c, which beat the consensus forecast of 20c, on revenue of $1.1B, which matched analysts consensus of $1.1B. COMPANY NEWS: On August 26, NVIDIA, VMWare (VMW) and Google (GOOG) announced a collaboration to deliver high-performance virtual desktops and workstation-class graphic on Google Chromebooks. The partnership is anticipated to broaden the hardware options for high-performance virtual desktops. On September 4, NVIDIA announced that it filed complaints against Samsung (SSNLF) and Qualcomm (QCOM) at the International Trade Commission and in the U.S. District Court in Delaware, alleging that the companies were both infringing NVIDIA GPU patents covering technology including programmable shading, unified shaders and multithreaded parallel processing. The identified Samsung products included the Galaxy Note Edge, Galaxy Note 4, Galaxy S5, Galaxy Note 3 and Galaxy S4 mobile phones and the Galaxy Tab S, Galaxy Note Pro and Galaxy Tab 2 computer tablets. STREET RESEARCH: On August 8, Needham upgraded NVIDIA to Buy from Hold. The firm believed that the change in the company's strategy reduced its earnings volatility and raised its margins, while the stock's decline has created a good entry point. The firm also noted that the company reported better than expected results and provided stronger than expected guidance. NVIDIA announced that it had filed graphics processing units patent infringement lawsuits against both Samsung and Qualcomm, Stifel said on September 5 that the lawsuits could at a minimum cause other companies to conclude licensing deals with NVIDIA. The firm kept a $22 price target and Buy rating on NVIDIA. After NVIDIA (NVDA) filed lawsuits against Qualcomm (QCOM) and Samsung, JMP Securities noted that there was a good chance that NVIDIA would obtain a favorable ruling or settlement that is equal or greater to the $1.5B deal it cut with Intel (INTC). The firm thought that other companies, most notably Apple (AAPL), would launch talks with NVIDIA in the wake of the lawsuit. JMP Securities recommended buying NVIDIA ahead of upcoming Apple product refreshes and what it sees as accelerating growth trends for NVIDIA. The firm was upbeat about NVIDIA's new products and reiterated an Outperform rating. Pacific Crest upgraded NVIDIA to Sector Perform from Underperform on November 3. The firm expected the company's share gains in high end desktop GPU and AMD's (AMD) product delays to enable NVIDIA's results to meet or exceed consensus estimates in the near to medium term. PRICE ACTION: Since issuing preliminary earnings on August 6, shares of NVIDIA are up over 12.5%. During late-morning trading, shares of NVIDIA are down fractionally to $20.02.
09:12 EDTMRKMerck to present KEYTRUDA data
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08:05 EDTYOKUYouku.com November volatility elevated into Q3 and outlook
Youku.com November call option implied volatility is at 60, December is at 52, January is at 45; compared to its 26-week average of 49 according to Track Data, suggesting large near term price movement into the expected release of Q3 on November 13.
08:04 EDTTIFBofA/Merrill retail analysts hold an analyst/industry conference call
Retail Analysts Hutchinson, Ohmes and Chai hold an October Retail Update Analyst/Industry conference call on November 6 at 1 pm.
07:27 EDTMRKBIND announces agreement with Merck to develop Accurin nanomedicines
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07:24 EDTCVXSasol sees Nigeria facility at full production by next year, Reuters says
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06:25 EDTBUDAnheuser-Busch to acquire 10 Barrel Brewing, terms not disclosed
Anheuser-Busch announced it has agreed to purchase 10 Barrel Brewing Company, located in Bend, Ore. In addition to the Bend brewery, the acquisition will include the company’s existing brewpubs in Bend and Boise, Idaho; and a Portland brewpub scheduled to open in early 2015. Anheuser-Busch’s purchase of 10 Barrel is expected to close by the end of 2014. Terms of the agreement were not disclosed. First Beverage Group acted as financial adviser to 10 Barrel, and Spencer Fane Britt & Browne provided legal counsel.
06:22 EDTWMT, GOOGGlobal companies silent on local impact, transparency report shows
Transparency International issued a report saying that global companies are saying too little regarding their businesses abroad. The agency said, "The world’s biggest companies disclose little or no financial details about their operations outside their home country, a new report from Transparency International reveals. Ninety of the 124 companies assessed do not disclose the taxes they pay in foreign countries, while 54 disclose no information on their revenues in other countries. BHP Billiton (BHP), Eni (E), Statoil (STO) and Vodafone (VOD) scored more than six out of ten. The four companies report on a range of corruption prevention measures and disclose details of subsidiaries. However, only three companies, Statoil, Telefónica (TEF) and Vodafone score above 50% for country-by-country reporting, disclosing tax payments in almost all the countries where they operate, though not all financial data. Forty-four of the firms in the report are American, of which Amazon (AMZN), Berkshire Hathaway (BRK.A, BRK.B) and Google (GOOG) performed worst. Only two US companies publish tax payments in foreign countries, ConocoPhilips (COP) in Canada, Walmart (WMT) in Chile. Surprisingly, the sector that makes greater transparency possible is one of the least transparent. U.S. tech giants Amazon, Apple (AAPL), Google and IBM (IBM) all score less than three out of ten." Reference Link
06:16 EDTGOOGGoogle Maps to integrate OpenTable restaurant reservations
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05:40 EDTYOKUYouku Tudou obtains exclusive right to The Voice Kids format in China
Youku Tudou announced that it has obtained the exclusive rights from Talpa Holding, an international media company, to produce The Voice Kids format in China. This project will be operated by the company's Tudou division. This collaboration combines the strengths of Youku Tudou and Talpa media with the power of The Voice franchise.
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