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Stock Market & Financial Investment News

News Breaks
November 26, 2012
16:20 EDTARO, KCG, MHP, HOGS, FB, M, ZLC, EBAY, APO, TGTOn The Fly: Closing Wrap
Stocks on Wall Street were mixed on the day with the Nasdaq the only one of the major averages to finish in positive territory. Several major retailers, including Target (TGT) and Macy's (M), traded lower on the session, despite numbers out of the National Retail Federation indicating consumer spending increased 13% over the holiday weekend compared to a year ago... ECONOMIC EVENTS: In the U.S., the Dallas Fed manufacturing survey for November came in at -2.8, versus forecasts for a +2.5 reading. Also, Mary Schapiro stepped down as the head of the Securities and Exchange Commission and President Obama designated current SEC Commissioner Elisse Walter to take over the position. In Europe, the Bank of England named Mark Carney, who is currently the head of Canada’s central bank, as its next governor... COMPANY NEWS: McGraw-Hill (MHP) advanced 20c, or 0.40%, to $51.89 after confirming it reached a deal to sell its education business to Apollo Global Management (APO) for $2.5B... Shares of Facebook (FB) traded up $1.94, or 8.09%, to $25.94 after Bernstein upgraded the stock to Outperform and BTIG raised its rating on the name to Neutral... A CNBC report just after midday said that Knight Capital (KCG) was exploring a sale of the whole company, not just its market-making business, as had been reported earlier. The CNBC report said that the price being discussed for a sale of the company was in the $600M-$700M range and shares gained 33c, or 13.25%, to $2.82... MAJOR MOVERS: Among notable gainers were shares of eBay (EBAY), up $2.39, or 4.88%, to $51.40 after various reports indicated growth in "Cyber Monday" sales, including a note from ChannelAdvisor that said client sales on the site were up 57% from a year ago. Also higher were shares of Zhongpin (HOGS), up $1.64, or 15.10%, to $12.50 after after agreeing to a "go private" offer for $13.50 per share. Among the noteworthy losers was Aeropostale (ARO), which fell 68c, or 4.71%, to $13.77 following a downgrade to Neutral at Janney Capital. Also trading lower were shares of Zale (ZLC), down 25c, or 4.97%, to $4.78 as Bank of America Merrill Lynch removed the stock from its "Most Attractive Buy" list... INDICES: The Dow was down 42.31, or 0.33%, to 12,967.37; the Nasdaq was up 9.93, or 0.33%, to 2,976.78; and the S&P 500 was down 2.86, or 0.20%, to 1,406.29.
News For TGT;M;MHP;APO;FB;KCG;EBAY;HOGS;ARO;ZLC From The Last 14 Days
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December 11, 2014
08:53 EDTFBBritain lays out details for proposed 25% 'Google Tax,' WSJ reports
U.S. technology giants such as Google (GOOGL, GOOG), Facebook (FB), Microsoft (MSFT) and Apple (AAPL) have come under fire in Britain for the relatively small corporate taxes they pay there and the U.K. government detailed plans for a new 25% tax on profits of multinational technology and other companies, reported The Wall Street Journal. Reference Link
05:52 EDTEBAYStocks with implied volatility above IV index mean; DG EBAY
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December 10, 2014
17:58 EDTEBAYeBay considering cutting 'thousands' of jobs next year, WSJ reports
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17:35 EDTEBAYeBay considering cutting 'thousands' of jobs next year, DJ reports
11:50 EDTEBAYeBay says no decision made on new company boards, Bloomberg reports
Bloomberg cites a comment from the company, which follows an earlier Re/code report that said eBay CEO John Donahoe could leave the parent company's board and join PayPal's board when the companies separate.
11:12 EDTFBInstagram announces service now has over 300M users
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10:35 EDTEBAYeBay CEO could join PayPal's board following spinoff, Re/code reports
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10:10 EDTKCGHigh option volume stocks
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09:36 EDTFBActive equity options trading
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08:09 EDTFBFacebook management to meet with UBS
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December 9, 2014
16:00 EDTFBOptions Update; December 9, 2014
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12:48 EDTFBFacebook volatility at low end of historic range
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10:23 EDTMOn The Fly: Analyst Downgrade Summary
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08:14 EDTMMacy's downgraded at Atlantic Equities
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08:06 EDTMMacy's downgraded to Neutral from Overweight at Atlantic Equities
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05:34 EDTEBAYChannelAdvisor says Amazon November SSS up 35.7%, eBay up 9.8%
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December 8, 2014
13:52 EDTEBAYeBay advances slightly in down tape after Stifel upgrades shares
Shares of eBay (EBAY) are rising slightly in a down market after research firm Stifel upgraded the stock to Buy from Hold. WHAT'S NEW: The risk/reward ratio on eBay appears to be favorable, Stifel analyst Scott Devitt wrote in a note to investors today. In the most likely scenario for the company, the shares could increase as high as about $65 from their current level of around $55, but are unlikely to drop much below $50, Devitt believes. In a possible bullish scenario, the shares could go up to $75, the analyst stated. The spin off of eBay's PayPal business, expected to occur within nine months, should be a significant catalyst for the stock, while the gross merchandise volume generated by the company's marketplaces business should accelerate in the second half of next year, wrote Devitt. Marketplaces comparisons become easier starting in the second half of the year, the analyst explained. Additionally, eBay will begin to emphasize that the percentage of e-commerce transactions processed by PayPal is increasing, Devitt stated. Meanwhile, eBay's valuation is "compelling," and the upcoming spin-off reminds Devitt of the separation of Expedia (EXPE) and TripAdvisor (TRIP), which proved to be a positive catalyst, he wrote. Devitt set a $65 price target on the shares. PRICE ACTION: In mid-afternoon trading, eBay gained 17c, or 0.3%, to $54.97.
11:58 EDTAPOApollo Global to host investor day
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10:00 EDTEBAYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Buy from Neutral at Citigroup... Apache (APA) upgraded to Buy from Neutral at Citigroup... Applied Materials (AMAT) upgraded to Buy from Hold at Deutsche Bank... Arch Capital (ACGL) upgraded to Outperform from Market Perform at BMO Capital... CU Bancorp (CUNB) upgraded to Buy from Hold at Sandler O'Neill... Calpine (CPN) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Market Perform from Underperform at Keefe Bruyette... EastGroup Properties (EGP) upgraded to Neutral from Underperform at Credit Suisse... Enbridge Energy Management (EEQ) upgraded to Equal Weight at Morgan Stanley... Enbridge Energy (EEP) upgraded to Equal Weight from Underweight at Morgan Stanley... GasLog (GLOG) upgraded to Buy from Hold at Stifel... Hoegh LNG (HMLP) upgraded to Buy from Neutral at UBS... Illinois Tool Works (ITW) upgraded to Buy from Accumulate at Global Hunter... LaSalle Hotel (LHO) upgraded at Morgan Stanley... Lufthansa (DLAKY) upgraded to Buy from Neutral at Nomura... NASDAQ (NDAQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Citigroup... Omega Healthcare (OHI) upgraded to Buy from Hold at Jefferies... Orange SA (ORAN) upgraded to Conviction Buy from Neutral at Goldman... SM Energy (SM) upgraded to Outperform from Market Perform at BMO Capital... Southwest (LUV) upgraded at Goldman... TSMC (TSM) upgraded to Buy from Neutral at BofA/Merrill... United Technologies (UTX) upgraded at Bernstein... eBay (EBAY) upgraded to Buy from Hold at Stifel.
06:10 EDTEBAYeBay upgraded to Buy from Hold at Stifel
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