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News Breaks | | | | November 26, 2012 | | 16:20 EDT |  | EBAY, APO, TGT, ARO, KCG, MHP, HOGS, FB, M, ZLC | On 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. | |
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News For TGT;M;MHP;APO;FB;KCG;EBAY;HOGS;ARO;ZLC From The Last 14 Days Check below for free stories on TGT;M;MHP;APO;FB;KCG;EBAY;HOGS;ARO;ZLC the last two weeks. |
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| May 24, 2013 | | 15:22 EDT |  | FB | Facebook volatility decreases as shares trend to six-month low
Facebook May weekly call option implied volatility is at 34, June and July is at 35; below its 26-week average of 45 according to Track Data, suggesting decreasing price risk. | | | 14:44 EDT |  | FB | Facebook slips to session lows, close to 6-month low, levels to watch
 Subscribe for More Information | | | 13:18 EDT | | ARO | On The Fly: Midday Wrap
Subscribe for More Information | | | 08:25 EDT |  | ARO | Aeropostale turn around no where in sight, says Brean Capital
Subscribe for More Information | | | 07:59 EDT | | ARO | Aeropostale weakness a buying opportunity, says Susquehanna at Susquehanna
Subscribe for More Information | | | 07:49 EDT |  | FB | Rumors of Google interest in Waze unfounded, TechCrunch says
After Bloomberg, citing "people familiar with the matter," said Google (GOOG) is considering a bid for map and traffic app maker Waze, TechCrunch countered that multiple credible sources it contacted "have poured cold water on the Google rumor." Facebook (FB) and Apple (AAPL) have previously been suggested as expressing interest in Waze, but the Bloomberg report said Apple was not among the "large tech companies” that have recently approached Waze, TechCrunch noted. Reference Link | | | 07:44 EDT | | FB | Facebook delays release of HTC First phone in Europe, FT reports
Facebook delayed release of its customized Android phone in Europe, following negative customer feedback in the U.S., reports the Financial Times. The new HTC First was released in the U.S. last month.Reference Link | | | 07:20 EDT | | FB | Facebook may face bidding war with Google for Waze, Bloomberg says
Subscribe for More Information | | | May 23, 2013 | | 18:54 EDT |  | ARO | On The Fly: After Hours Movers
UP AFTER EARNINGS: Pandora (P), up 9%... Infoblox (BLOX) up 16.8%... Marvell (MRVL), up 7.3%. DOWN AFTER EARNINGS: Sears Holding (SHLD), down 11.6%... salesforce.com (CRM), down 6.2%... Gap (GPS), down 3.2%... Aeropostale (ARO), down 3.1%. ALSO LOWER: AVEO Pharmaceuticals (AVEO), down 12.9% after disclosing that its partner Astellas will not submit an EMA marketing application for tivozanib... Titan Machinery (TITN), down 12.4% after saying it sees first quarter earnings below consensus and the company cut its full-year earnings view. | | | 16:11 EDT | | ARO | Aeropostale reports Q1 SSS down 14%
Subscribe for More Information | | | | 16:04 EDT |  | ARO | Aeropostale sees Q2 EPS (20c)-(15c), consensus (6c)
| | | 16:03 EDT | | ARO | Aeropostale reports Q1 EPS (16c) , consensus (17c)
Subscribe for More Information | | | 15:24 EDT | | ARO | Notable companies reporting after market close
Subscribe for More Information | | | 14:45 EDT | | TGT, M | Retailers file new suit against card companies over swipe fees, Bloomberg says
Subscribe for More Information | | | 12:47 EDT | | ARO | rue21 agrees to buyout, as previously predicted by analyst
Subscribe for More Information | | | 11:59 EDT | | M, TGT | Retailers file suit against Visa, MasterCard over credit cards, Bloomberg says
Subscribe for More Information | | | 09:02 EDT | | FB | Facebook slips lower, breaks $25 threshold
The stock is down 1.5% in the pre-market to $24.77, breaking the psychologically important $25 support level. This move puts the shares at 3-month lows. At current price, next support is at $23.88, the 6-month low. Resistance is at $25.65. | | | 08:06 EDT | | TGT | Target positive catalysts still intact, says Wells Fargo
Subscribe for More Information | | | 07:13 EDT | | EBAY | Amazon.com eBay to see little impact from sales tax reform, says Bernstein
After the Senate passed a bill that would force all online retailers to collect sales tax, Bernstein thinks the impact of such a law on Amazon's (AMZN) gross profits would be "immaterial," while the bill would reduce eBay's (EBAY) EPS by less than 1% in 2014 if it becomes law. The firm keeps Outperform ratings on both stocks. | | | May 22, 2013 | | 19:29 EDT | | ARO | Gap shares may be overheated, WSJ says
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