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Stock Market & Financial Investment News

News Breaks
July 8, 2014
12:48 EDTTWTR, NFLX, KPTI, FB, IPCI, TSLA, GES, ABBV, TXMD, SHPGOn The Fly: Midday Wrap
Stocks on Wall Street were lower for a second straight session at midday, with a number of tech "momentum stocks" among the hardest hit names. Slides in prominent high-fliers like Netflix (NFLX), Tesla (TSLA), Facebook (FB) and Twitter (TWTR) weighed on the Nasdaq, pushing the tech-heavy index to a nearly 2% decline near noon. The Dow and S&P were lower as well as the slide has been broad-based, with investors express showing caution ahead of the start of the earnings season. ECONOMIC EVENTS: In the U.S., the Job Openings and Labor Turnover Survey, or JOLTs report, showed a 171K increase in job openings to 4.635M, marking a fourth straight monthly gain. A report on consumer credit growth in May is due out at 3:00 pm ET. COMPANY NEWS: AbbVie (ABBV) made a fourth offer to buy Shire (SHPG), raising the price of its bid by 11% to over $51B in cash and stock. For its part, Shire responded by saying that AbbVie did not make the revised proposal to Shire before the announcement and that its board will meet to consider the revised offer. Near noon, Shire shares trading in New York fell 2.7%, while AbbVie slipped 3.2%. MAJOR MOVERS: Among the notable gainers was TherapeuticsMD (TXMD), which jumped 14% to trade near $4.72 after FBR Capital initiated the stock with an Outperform rating and $34 price target. Also higher was apparel designer and retailer Guess (GES), which climbed 5% after research firm Piper Jaffray upgraded the stock to Overweight from Neutral in a note to investors earlier today. Among the noteworthy losers was Karyopharm (KPTI), which slipped 11% after Oppenheimer assumed coverage of its stock with a Perform rating, down from its prior rating of Outperform. Also lower following its quarterly report was Intellipharmaceutics (IPCI), which fell 11% after reporting a net loss for its second fiscal quarter. INDEXES: Near midday, the Dow was down 140.51, or 0.83%, to 16,883.70, the Nasdaq was down 71.67, or 1.61%, to 4,379.86, and the S&P 500 was down 16.85, or 0.85%, to 1,960.80.
News For SHPG;ABBV;GES;TXMD;NFLX;TSLA;FB;TWTR;IPCI;KPTI From The Last 14 Days
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August 24, 2015
18:07 EDTTWTRSEC asked Twitter for details on user trend metrics
According to SEC correspondence released earlier, the Commission asked former Twitter CEO Dick Costolo to "describe the alternative metric(s) you anticipate presenting in future filings to explain trends in user engagement and advertising services revenue." The letter to Costolo is dated April 13, and was followed by a response from the company saying that it included two metrics -- changes in ad engagements and changes in cost per ad engagement -- on its quarterly report for the period ended March 31. "These metrics are intended to serve as a measure of user engagement and demand, respectively," explained Twitter in its May 11 response letter. Reference Link
18:02 EDTNFLXS&P 500 enters correction territory amid global growth concerns
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16:00 EDTFB, NFLXOptions Update; August 24, 2015
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15:25 EDTTSLATesla falls, levels to watch
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14:55 EDTTSLATesla tests the $220 area
Shares were last at $220.34, down over 4.5% on the day. At that price next support is at $216.66. Resistance is at $222.70.
14:15 EDTNFLXNetflix tests $100 area
Shares were last at $100.67. At that price next support is at $98.13 and then at $94.93. Resistance is at $102.31.
13:49 EDTTSLATesla turns lower, levels to watch
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13:46 EDTNFLXNetflix turns negative on the session, levels to watch
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11:05 EDTFBStocks with call strike movement; FB AAPL
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10:58 EDTTSLAStocks with call strike movement; AMZN TWTR
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09:36 EDTNFLX, FBActive equity options trading on open
Active equity options trading on open: AAPL FB BAC NFLX
09:21 EDTNFLXNetflix plunges over 12% in pre-market
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08:51 EDTNFLXNetflix confirms partnership with SoftBank ahead of Japan launch
SoftBank Corp (SFTBF) and Netflix (NFLX) confirmed that SoftBank, among Japanese telecommunications companies, will exclusively offer a fully integrated Netflix experience, including billing, when Netflix Japan launches on September 2. Under the agreement, SoftBank customers will be able to sign up for Netflix at SoftBank Shops, major electronics retailers, via the SoftBank website and via SoftBank call centers without filling out payment information, with Netflix's monthly fee added to their bill. In addition, SoftBank will begin pre-installing the Netflix app on its smartphones for sale after October 2015.
08:30 EDTFBFacebook volatility elevated
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08:28 EDTNFLXNetflix volatility elevated
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08:05 EDTFB, NFLXFacebook Netflix TubeMogul best Internet pullback opportunities,says Oppenheimer
Oppenheimer sees Facebook (FB) Netflix (NFLX) and TubeMogul (TUBE) as providing the best buying opportunities among Internet stocks. The firm notes that the growth of Facebook's usage minutes fell to 17% year-over-year in July from a 20% increase in June and a 21% increase in May. However, the firm notes that the company maintained its 21% share of time on mobile devices. The firm thinks that the company's earnings could be boosted in the near-term by the launch of performance-based ads on Instagram. Oppenheimer notes that Netflix has risks from U.S. dollar appreciation and investors' skepticism towards stocks whose value is based on expected long-term growth. TubeMogul could be hurt by perceived risks to global macro growth, according to the firm.Despite these risks, the firm thinks that Facebook's stock could rise 27% above its $110 price target. It believes that Netflix's stock could jump 15% above its $125 price target and it thinks that TubeMogul could surpass its $19 price target by 83%.
06:30 EDTNFLXDiscovery exec: Group in 'hand to hand combat' with Netflix, Guardian says
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06:07 EDTNFLXNetflix partners with SoftBank ahead of Japan launch, Japan Times reports
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August 23, 2015
19:03 EDTTSLAApple hires Tesla engineer for 'special projects' division
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16:57 EDTFBGoogle Express workers join Teamsters union in face of 'constant harassment'
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