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Stock Market & Financial Investment News

News Breaks
October 24, 2012
15:15 EDTAIZ, AKAM, OI, EFX, CTXS, AMP, TER, ORLY, CCI, AVB, SRCL, RRC, LSI, CLF, WYNN, SYMC, FFIVCompanies reporting After the Market Close on Wednesday, October 24th
Notable companies reporting after the bell include Akamai (AKAM), Ameriprise (AMP), Assurant (AIZ), AvalonBay (AVB), Citrix Systems (CTXS),Cliffs Natural (CLF), Crown Castle (CCI), Equifax (EFX), F5 Networks (FFIV), LSI Corp. (LSI), O'Reilly Automotive (ORLY), Owens-Illinois (OI), Range Resources (RRC), Stericycle (SRCL), Symantec (SYMC), Teradyne (TER), Wynn Resorts (WYNN)
News For SYMC;WYNN;FFIV;AMP;AIZ;AVB;CTXS;CLF;CCI;EFX;LSI;ORLY;OI;RRC;TER;AKAM;SRCL From The Last 14 Days
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February 24, 2015
16:42 EDTWYNNOn The Fly: Closing Wrap
Stocks on Wall Street began the day almost unchanged as investors awaited the testimony from Federal Reserve Chair Janet Yellen before a Senate panel. Following her prepared remarks, which suggested the central bank will not rush to raise interest rates, buyers stepped in to push the market higher. The Dow moved to all-time highs, as did the S&P, while the Nasdaq extended its most recent streak that saw the index close higher for nine consecutive sessions for the first time that has happened since 2009. ECONOMIC EVENTS: In the U.S., Federal Reserve Chair Janet Yellen stated in prepared testimony to Congress that the central bank considers it "unlikely" that economic conditions will warrant an increase in the target range for the federal funds rate for "at least the next couple" of FOMC meetings. Yellen also said that while the drop in oil prices will have negative effects on energy producers and will probably result in job losses in this sector, it will likely be a significant overall net positive for the U.S. economy. The S&P Case-Shiller 20-city house price index reported a seasonally adjusted monthly increase of 0.9%, versus expectations for an increase of 0.6%. Markit's services PMI for February came in at 57.0, versus consensus of 54.5. The Conference Board consumer confidence index declined in February to 96.4, which was down from last month's revised 103.8 figure and below the consensus 99.5 forecast. The Richmond Fed manufacturing index for February came in at 0, versus the consensus expectation for a reading of 6. In Europe, eurozone finance ministers approved Greece's reform proposals and extended the country's bailout program by four more months. COMPANY NEWS: Home Depot (HD) advanced $4.47, or 3.98%, to $116.75 after the Dow member's earnings beat expectations. The home improvement giant also hiked its quarterly dividend by 26% and authorized an $18B share repurchase program. MAJOR MOVERS: Among the notable gainers was SunPower (SPWR), which rose $5.00, or 17.99%, to $32.80 after its quarterly results topped expectations and the company announced that its in advanced talks to form a joint YieldCo vehicle with peer First Solar (FSLR). First Solar shares also advanced $5.06, or 10.19%, to $54.70 during the session, though its shares are fractionally lower in after-hours trading after the company issued its own earnings report. Among the noteworthy losers was Rosetta Resources (ROSE), which fell $3.29, or 15.04%, to $18.58 after its weaker than expected Q4 report and lowered guidance was followed by at least five analyst downgrades of its stock. Also lower were shares of Wynn Resorts (WYNN), which slid $7.33, or 4.75%, to $147.00 after reports indicated that Macau's government views overcrowding from tourists as a serious problem and plans to review the mainland’s individual visit scheme with authorities after Chinese New Year. INDEXES: The Dow rose 92.35, or 0.51%, to 18,209.19, the Nasdaq gained 7.15, or 0.14%, to 4,968.12, and the S&P 500 added 5.82, or 0.28%, to 2,115.48.
16:31 EDTRRCRange Resources targets FY15 production growth 20% y/y
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16:30 EDTRRCRange Resources sees FY15 CapEx $870M, down 46% vs. FY14
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16:29 EDTRRCRange Resources reports Q4 adjusted EPS 39c, consensus 28c
Reports Q4 adjusted revenue $519M, consensus $480.73M.
15:59 EDTAKAMAkamai price target raised to $77 from $68 at Piper Jaffray
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15:21 EDTRRCNotable companies reporting after market close
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10:19 EDTAKAMAkamai to host investor meeting
Investor meeting to be held in Boston on February 24 from 8:30 until 2 pm. Webcast Link
09:52 EDTWYNNMacau to review mainland’s individual visit scheme, Macau Business Daily says
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07:19 EDTCTXSSusquehanna to hold a summit
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February 23, 2015
10:15 EDTSYMC, FFIVCyberArk sinks after JPMorgan analyst cuts rating to sell
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08:40 EDTRRCRange Resources March volatility elevated into Q4 and outlook
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07:46 EDTWYNNJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 23 at 8:20 am; not all company presentations may be webcasted. Webcast Link
07:40 EDTCLFBMO Capital to hold a conference
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05:54 EDTSYMCSymantec management to meet with JMP Securities
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February 20, 2015
06:30 EDTEFXEquifax management to meet with SunTrust
Meeting to be held in Boston on February 26 hosted by SunTrust.
06:26 EDTCTXSCitrix management to meet with FBR Capital
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February 19, 2015
17:23 EDTAVBAvalonBay files automatic mixed securities shelf
14:18 EDTAKAMAkamai volatility at low end of historic range on sharp rally
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08:34 EDTSYMCIntralinks expands Enterprise Fabric partner ecosystem
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06:47 EDTEFXReport shows subprime consumer loans at pre-2007 levels, WSJ says
Equifax (EFX) has released a report stating nearly 40%, or 50M, of auto loans, credit cards, and personal loans during the first 11 months of 2014 were made to subprime customers, the highest levels since the 2007 financial crisis, reports the Wall Street Journal. LendingTree (TREE) Chief Marketing Officer Gabriel Dalporto attributes the growth to nonbank lenders under less regulatory scrutiny than large banks. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
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