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Stock Market & Financial Investment News

News Breaks
November 29, 2012
16:28 EDTSVU, WLL, BLOX, KR, LQDT, BKS, USNAOn The Fly: Closing Wrap
Stocks on Wall Street withstood some fiscal cliff related volatility to finish in positive territory. Some positive economic data, including better than expected pending home sales and an upward revision to Q3 GDP growth, contributed to the move higher but investors remained on edge and reacted with each new headline coming out of Washington... ECONOMIC EVENTS: In the U.S., weekly jobless claims dropped to 393,000, versus expectations for claims to fall to 390,0000. The Commerce Department revised its estimate for the gain in Q3 GDP to 2.7% from the previously reported 2% gain. Analysts expected growth to be revised to a 2.8% rate. However, within the report, Q3 consumer spending was lowered to a 1.4% growth rate from the 2% gain previously reported. Pending home sales rose 5.2% in October from the prior month, versus expectations for an increase of 1%... COMPANY NEWS: A Bloomberg report said that PE-firm Cerberus Capital Management's planned buyout of SuperValu (SVU) had stalled on financing concerns. Shares of SuperValu dropped sharply following the news, eventually closing down 52c, or 18.57%, at $2.28... A report from the Wall Street Journal said that Whiting Petroleum (WLL) had been exploring a sale but would no longer pursue that alternative. After a midday circuit-breaker halt, shares of Whiting settled down $1.34, or 3.17%, to $40.94... MAJOR MOVERS: Among the notable gainers was Infoblox (BLOX), up $4.12, or 29.53%, to $18.07 after its earnings beat consensus estimates. Also higher were shares of Kroger (KR), up $1.19, or 4.75%, to $26.25 after the company reported earnings and provided guidance that beat Street forecasts. Among noteworthy losers were Liquidity Services (LQDT), down $5.90, or 13.49%, to $37.83, and Barnes & Noble (BKS), down $1.79, or 11.15%, to $14.26, after their earnings reports. Also lower were shares of Usana Health Sciences (USNA), down $2.44, or 5.60%, to $41.17 after a report from short-selling blog Citron Research which said the company is the subject of criminal probes in China... INDICES: The Dow was up 36.71, or 0.28%, to 13,021.82; the Nasdaq was up 20.25, or 0.68%, to 3,012.03; and the S&P 500 was up 6.02, or 0.43%, to 1,415.95.
News For SVU;WLL;BLOX;KR;LQDT;BKS;USNA From The Last 14 Days
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July 16, 2014
09:07 EDTWLLWhiting Petroleum initiated with a Buy at Tigress Financial
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July 15, 2014
13:38 EDTUSNAUsana MLM operations exposed in China press, Citron says
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13:33 EDTUSNAUsana mentioned cautiously by Citron Resaerch
11:06 EDTUSNAUsana drops after Herb Greenberg discusses possible Chinese scrutiny
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10:00 EDTKR, WLLOn The Fly: Analyst Upgrade Summary
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06:48 EDTKRKroger upgraded to Outperform from Market Perform at BMO Capital
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06:22 EDTWLLKodiak Oil & Gas upgraded to Buy from Hold at Wunderlich
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06:22 EDTKRKroger upgraded to Outperform from Market Perform at BMO Capital
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06:17 EDTWLLWhiting Petroleum upgraded to Buy from Neutral at UBS
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July 14, 2014
18:48 EDTWLLKodiak Oil & Gas downgraded to Market Perform from Outperform at BMO Capital
BMO Capital downgraded Kodiak Oil & Gas (KOG) to Market Perform citing the takeover by Whiting Petroleum (WLL).
15:04 EDTWLLWhiting Petroleum price target raised to $122 from $88 at Barrington
Barrington raised its price target on Whiting Petroleum (WLL) to $122 from $88 following its announcement of a proposed deal to acquire Kodiak Oil & Gas (KOG). The firm, which noted that its prior price target was for year-end 2014 and that its new target is for year-end 2015, reiterated its Outperform rating on Whiting.
09:31 EDTWLLWhiting Petroleum acquisition positive, says Sterne Agee
After Whiting (WLL) announced that it would buy Kodiak (KOG), Sterne Agee thinks the deal enabled the company to increase its Bakken inventory at an attractive price. Sterne continues to believe that Whiting's valuation is cheap and it keeps a Buy rating on the stock.
09:16 EDTWLLOn The Fly: Pre-market Movers
HIGHER: Citigroup (C), up 3.6% after reporting better than expected Q2 results, announcing $7B settlement with DOJ and FDIC... Apple (AAPL), up 0.7% after Barclays upgrades stock to Overweight, Morgan Stanley raises Apple estimates above consensus... Shire (SHPG), up 1.6% after receiving revised proposal from AbbVie (ABBV) of GPB 53.20 per share, which it says it would be willing to recommend to Shire shareholders. AbbVie is down 2.8% after the news... Mylan (MYL), up 4% after acquiring Abbott's (ABT) non-U.S. developed markets specialty and branded generics business in all-stock transaction valued at about $5.3B. Abbott up 1.6% after the news... Progenics (PGNX), up 13% after FDA says RELISTOR can be approved on data submitted in sNDA... Exelixis (EXEL), up 13% after announcing coBRIM Phase 3 trial met primary endpoint... URS (URS) up 8% after acquired by AECOM Technology (ACM) for $56.31 per share. AECOM shares alos up 2% after deal announcement... Whiting Petroleum (WLL), up 4.5% after agreeing to acquire Kodiak Oil & Gas (KOG) in a $6B transaction. Kodiak Oil & Gas up 3%... Kandi Technologies (KNDI), up 11% after announcing JV's sale of 4,114 EVs in Q2. LOWER: Riverbed (RVBD), down 4.5% after saying it sees its Q2 adjusted EPS at low end of 26c-28c range... Harmonic (HLIT), down 13% after reporting preliminary Q2 earnings results.. EBay (EBAY), down 0.5% after downgraded at Pacific Crest, confirming partnership plans with Sotheby's (BID).
08:07 EDTWLLWhiting Petroleum and Kodiak Oil & Gas to jointly hold a conference call
Conference call to discuss Whiting's acquisition of Kodiak Oil & Gas will be held on July 14 at 8 am. Webcast Link
07:43 EDTWLLWhiting Petroleum deal to be accretive to NAV, says BMO Capital
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07:28 EDTWLLWhiting Petroleum price target raised to $102 from $96 at Brean Capital
Brean Capital raised its price target on Whiting Petroleum (WLL) to $102 from $96 following its proposed acquisition of Kodiak Oil & Gas (KOG), which is expected to be accretive across all metrics in 2015. Noting a forecast of higher commodity prices, Brean says Whiting represents the most attractive opportunity in its coverage universe and keeps a Buy rating on the stock.
06:54 EDTWLLWhiting Petroleum volatility expected to move on acquisition of Kodiak Oil & Gas
Whiting Petroleum (WLL) option implied volatility is expected to move on the acquisition of Kodiak Oil & Gas (KOG) in an all-stock transaction valued at $6B. Overall option implied volatility of 31 is at its 26-week average according to Track Data, suggesting non-directional price movement.
06:38 EDTWLLKodiak Oil & Gas volatility expected to move on Whiting Petroleum acquiring
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July 13, 2014
16:16 EDTWLLWhiting Petroleum sees Kodiak deal as accretive to EPS in FY15
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16:12 EDTWLLWhiting Petroleum to acquire Kodiak Oil & Gas in $6B transaction
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