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Stock Market & Financial Investment News

News Breaks
May 20, 2014
10:36 EDTTJX, BPL, AZN, FST, URBNHigh option volume stocks: TJX BPL AZN FST URBN
News For TJX;BPL;AZN;FST;URBN From The Last 14 Days
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October 22, 2014
09:11 EDTTJXTJX downgraded to Neutral from Buy at Northcoast
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07:35 EDTAZNCardiometabolic Health Congress to hold annual meeting
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October 21, 2014
07:15 EDTAZNFDA to hold workshop on breast cancer drug development
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06:10 EDTAZNInovio, MedImmune, UPENN awarded $12.2M collaborative study by DARPA
Inovio Pharmaceuticals (INO) announced the Defense Advanced Research Projects Agency, or DARPA, has awarded $12.2M for a collaborative study that will be conducted by scientists from the Perelman School of Medicine at the University of Pennsylvania; Inovio Pharmaceuticals; and MedImmune, the global biologics research and development arm of AstraZeneca (AZN). The group will develop DNA-based monoclonal antibodies, or mAbs, for infectious disease treatment. DARPA is an agency of the US Department of Defense that creates and supports novel technologies important for national security. Together, the three organizations will develop and assess the DNA mAbs in preclinical studies using technology developed by Penn and licensed by Inovio. The collaboration will focus on three disease areas – influenza virus, Pseudomonas aeruginosa and Staphylococcus aureus.
October 20, 2014
07:47 EDTAZNPfizer less likely to renew Astra pursuit after Shire deal breakdown, FT says
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07:19 EDTAZNIBC Life Sciences to hold a conference
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07:14 EDTAZNEuropean College of Neuropsychopharmacology to hold a conference
27th ECNP Congress is being held in Berlin, Germany on October 18-21.
07:09 EDTFSTForest Oil announces commencement of proxy mailing
Forest Oil Corporation will commence mailing definitive proxy materials today in connection with the meeting to Forest shareholders for the purpose of voting on the previously announced business combination transaction between Sabine Oil & Gas LLC and Forest. Today’s action follows completion of the Securities and Exchange Commission review process last week. Forest has scheduled the special meeting of shareholders for November 20, 2014, to consider and vote on the proposed merger agreement with Sabine. Forest shareholders of record at the close of business on October 3, 2014, the record date, are entitled to notice of, and to vote at, the Forest special meeting. Closing of the transaction is subject to approval of shareholders of Forest, necessary regulatory approvals and other closing conditions. If approved, Forest anticipates the transaction to close in 2014.
October 17, 2014
16:17 EDTURBNOn The Fly: Closing Wrap
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12:52 EDTURBNOn The Fly: Midday Wrap
Stocks on Wall Street were sharply higher at midday, as the averages bounce back following steep declines in several recent sessions. Better than expected earnings from General Electric (GE) and Morgan Stanley (MS), a rebound in European stock markets and a stronger than expected reading on U.S. consumer confidence may all be contributing to the brightened mood evidenced by today's trading. ECONOMIC EVENTS: In the U.S., housing starts rebounded 6.3% to a 1.017M pace in September, beating expectations for a monthly increase of 4.6%. Building permits increased 1.5% to a 1.018M rate, which was below the expected 2.3% rise. The first release on the University of Michigan's consumer sentiment index for October came in at 86.4, versus expectations for a decline to 84.0 from the prior 84.6 reading. COMPANY NEWS: General Electric shares rose over 3% after the company reported better than expected third quarter profit and nearly in-line revenues. Morgan Stanley, whose quarterly results also topped Street expectations, advanced 2.5%. MAJOR MOVERS: Among the notable gainers was Westmoreland Coal (WLB), which gained 23% after it stuck a deal to acquire Oxford GP, the general partner of Oxford Resource Partners (OXF), and contribute certain royalty bearing coal reserves to Oxford in return for Oxford common units. Afterward, Brean Capital raised its price target on Westmoreland to $60, noting the announcement represents an entry into the MLP space. Also higher were shares of Textron (TXT), which advanced 11% after the aircraft and defense company reported better than expected third quarter earnings per share and raised its profit outlook for fiscal 2014. Among the noteworthy losers was Urban Outfitters (URBN), which dropped 13% and was downgraded by at least three Street research firms after the owner of Anthropologie and its namesake clothing stores warned that its Q3 earnings may be negatively impacted by continued weakness in its comparable retail sales. Also lower was Myriad Genetics (MYGN), which fell 7% after guiding to lower than expected Q1 adjusted earnings, citing a higher than expected increase in costs to perform its myRisk Hereditary Cancer test following the test's national launch. INDEXES: Near midday, the Dow was up 295.34, or 1.83%, to 16,412.58, the Nasdaq was up 62.43, or 1.48%, to 4,279.82, and the S&P 500 was up 29.48, or 1.58%, to 1,892.24.
11:28 EDTURBNUrban Outfitters downgraded to Neutral from Outperform at Credit Suisse
Note this is the fourth downgrade of the day.
10:43 EDTURBNUrban Outfitters slumps after warning on continued retail sales weakness
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10:00 EDTURBNUrban Outfitters plunges after Q3 sales warning
The stock is down over 15% to $29.35, a fresh 52-week low, following a warning on negative sales trends after the bell yesterday. At current price next support is at $27.41. Resistance is at $30.16.
10:00 EDTURBNOn The Fly: Analyst Downgrade Summary
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09:17 EDTURBNOn The Fly: Pre-market Movers
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08:02 EDTURBNUrban Outfitters price target lowered to $41 from $44 at RW Baird
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07:30 EDTURBNUrban Outfitters downgraded to Neutral from Buy at Janney Capital
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06:53 EDTURBNUrban Outfitters downgraded at Morgan Stanley
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06:27 EDTURBNUrban Outfitters downgraded to Equal Weight from Overweight at Morgan Stanley
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05:29 EDTURBNUrban Outfitters downgraded to Neutral from Buy at Goldman
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