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Stock Market & Financial Investment News

News Breaks
January 8, 2013
12:32 EDTSHLD, MON, MDCO, SIG, CY, AYI, FIOOn The Fly: Midday Wrap
Stocks on Wall Street were lower again at midday as investors shift their focus from the fiscal cliff to the fourth-quarter earnings season, set to unofficially kick off after the closing bell when Dow component Alcoa (AA) reports. Expectations for the earnings season are muted, with S&P 500 companies forecast to post earnings growth of just 2.8% for the quarter, according to Thomson Reuters. Profit-growth estimates were sharply reduced from the expected growth rate of 9.2% called for at the end of September, according to FactSet. The averages have drifted lower on fairly light volume, indicating a lack of buying rather than intense selling, as investors may be content to wait to see how the earnings season develops before stepping back in... ECONOMIC EVENTS: In the U.S., the NFIB small-business-optimism index rose to 88.0 in December from 87.5 in November. In Europe, zone-wide unemployment hit a new record rate of 11.8% in November, though the European Commission also separately reported that its December Economic Sentiment Indicator improved by 1.3 points in the euro area, to 87.0, and remained generally unchanged at 88.4 in the broader EU. In Asia, Japan said it will use its foreign reserves to continue to buy bonds issued by the European Stability Mechanism to help weaken the yen... COMPANY NEWS: Sears Holdings (SHLD) said late Monday that CEO Louis D’Ambrosio will step down due to family health reasons and be replaced in that role by Eddie Lampert, its chairman of the board and largest shareholder. Sears also forecast adjusted earnings for Q4 that beat consensus expectations but shares fell about 5% near noon... Among companies reporting earnings after yesterday's close or before today's open, Monsanto (MON) advanced and Acuity Brands (AYI) declined... MAJOR MOVERS: Among the notable gainers were The Medicines Company (MDCO), up 11% after announcing results for a Phase 3 trial of one of its drugs, and Signet Jewelers (SIG), up 9% after reporting its holiday season same-store sales rose 3.3% and issuing earnings guidance. Among the noteworthy losers were Cypress Semiconductor (CY), down 9% after cutting its Q4 earnings forecast, and Fusion-io (FIO), which fell 8% after William Blair downgraded the stock to Market Perform... INDICES: Near noon, the Dow was down 68.23, or 0.51%, to 13,316.06; the Nasdaq was down 15.69, or 0.51%, to 3,083.12; and the S&P 500 was down 7.46, or 0.51%, to 1,454.43.
News For SHLD;MON;MDCO;SIG;CY;AYI;FIO From The Last 14 Days
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September 18, 2014
06:10 EDTMONMonsanto upgraded to Buy from Hold at Stifel
September 17, 2014
09:36 EDTSHLDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFM X YHOO TSLA TWTR RAX SHLD SPLS
05:46 EDTSHLDStocks with implied volatility above IV index mean; SHLD GTAT
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September 16, 2014
10:15 EDTSHLDSears tumbles to fresh 52-week low, levels to watch
The shares hit a fresh 52-week low at $30.88 before bouncing slightly higher. WIth price last at $31.18, support is at that new low. A break below $30.88 would see next support at $30.10. Resistance is at $31.71, a pivot low on a closing basis, and then at $32.62.
06:35 EDTSHLDSears borrows $400M from CEO's hedge fund
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September 15, 2014
09:59 EDTAYIOn The Fly: Analyst Upgrade Summary
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07:14 EDTMONMonsanto Intacta-traited soy seed largely sold out, says Piper Jaffray
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05:37 EDTAYIAcuity Brands upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Acuity Brands to Buy saying growth in the company's LED lighting business is averaging over two-times the industry. Goldman is bullish on LED lighting adoption and raised its price target for shares to $153 from $128. The firm coupled the upgrade of Acuity with a downgrade of Cree (CREE) to Neutral.
05:35 EDTAYICree downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Cree (CREE) to Neutral citing slowing growth in the company's chip business. Goldman lowered its price target for Cree shares to $48 and $60 and prefers Acuity Brands (AYI) as an LED lighting investment. Shares of Cree closed Friday down 57c to $42.67. Goldman upgraded Acuity Brands this morning to Buy.
September 12, 2014
12:12 EDTMDCOThe Medicines Co. to host conference call
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10:00 EDTAYIOn The Fly: Analyst Initiation Summary
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September 11, 2014
18:10 EDTAYIAcuity Brands initiated with an Outperform at Cowen
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12:03 EDTMONUSDA raises U.S. corn yield forecast to record
In its monthly World Agricultural Supply and Demand Estimates, or WASDE, report, the U.S. Department of Agriculture's corn yield forecast is raised 4.3 bushels per acre to a record 171.7 bushels. Corn production for 2014/15 is forecast 363 million bushels higher at a record 14,395 million bushels. Total 2014/15 corn usage is projected at 13,605 million bushels, up 170 million from last month. Although a record, usage is expected up just 5 million bushels from 2013/14 as export prospects remain constrained by large foreign carryin stocks, the USDA wrote. Publicly traded companies in the agriculture space include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), DuPont (DD), Intrepid Potash (IPI), Monsanto (MON), Mosaic (MOS), Potash (POT) and Syngenta (SYT).
07:19 EDTSIGSignet Jewelers price target raised to $140 from $125 at BofA/Merrill
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September 10, 2014
11:43 EDTSHLDLand's End soars after better than expected Q2 results
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11:29 EDTMONMonsanto's Intacta remains on track, says Credit Suisse
Credit Suisse said Monsanto Intacta demand remains strong and check's indicate it is fully on track to meet the high end of its 10m-12M acre guidance for Brasil.
11:20 EDTMONMonsanto: Intacta demand 'in line,' pre-pays above expectation, Bloomberg says
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10:43 EDTMONMonsanto shares defended at JPMorgan
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09:39 EDTMONMonsanto view downgraded to Negative from Mixed at OTR Global
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September 8, 2014
13:03 EDTCYCypress Semiconductor management to meet with Needham
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