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Stock Market & Financial Investment News

News Breaks
December 27, 2012
12:16 EDTSWHC, SHLD, RSH, DIOD, BBY, TM, BCDS, JCPOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after a reading of consumer confidence fell and a leading Democrat warned that there may not be enough time left to avoid a trip over the fiscal cliff... ECONOMIC EVENTS: In the U.S., weekly jobless claims fell 12,000 to 350,000, compared to expectations for claims to remain relatively flat with the prior week. Sales of new homes rose 4.4% in November from October to a seasonally adjusted annual rate of 377,000, beating expectations. Consumer confidence fell to its lowest level since August with a 65.1 reading for December, versus expectations for a 70.0 figure. Also, the Treasury Department warned last night that the government would hit its borrowing limit by Monday. Then, this morning, Senate Majority Leader Harry Reid warned that there may not be enough time left to reach a budget deal and that the U.S. appears destined to head over the "fiscal cliff." In China, the National Bureau of Statistics reported that industrial profit surged 22.8% on-year in November, which was up from 20.8% growth in October... COMPANY NEWS: U.S. listed shares of Toyota Motor (TM) rose about 1.75% after the company agreed to a settlement valued over $1B related to previous recalls over claims of accelerator pedal problems... MAJOR MOVERS: Among the notable gainers was BCD Semiconductor (BCDS), which rose 92% to $7.64 after agreeing to be acquired by Diodes (DIOD) for $8.00 per U.S. listed share. Diodes, meanwhile, rose over 3% following the deal. Also higher were shares of Smith & Wesson (SWHC), which advanced more than 3% after the company expanded its share repurchase program. Among the noteworthy losers were RadioShack (RSH), which fell over 6%, and J.C. Penney (JCP), which declined nearly 6% as well, after both were mentioned by The Wall Street Journal among four retailers that may face a particularly challenging and important year in 2013. The other two, Best Buy (BBY) and Sears Holdings (SHLD), also saw their shares fall more than the broader market... INDICES: Near noon, the Dow was down 105.18, or 0.80%, to 13,009.41; the Nasdaq was down 29.98, or 1.00%, to 2,960.18; and the S&P 500 was down 13.89, or 0.98%, to 1,405.94.
News For TM;RSH;JCP;BBY;SHLD;BCDS;DIOD;SWHC From The Last 14 Days
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May 20, 2015
15:21 EDTBBYBest Buy May weekly volatility elevated into Q1 and outlook
Best Buy May weekly call option implied volatility is at 104, June is at 39, September is at 34; compared to its 90-day average of 32, suggesting large near term price movement into the expected release of Q1 earnings on May 21.
15:00 EDTBBYNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Dollar Tree (DLTR), consensus 75c... Best Buy (BBY), consensus 29c... Advance Auto Parts (AAP), consensus $2.48... Patterson Companies (PDCO), consensus 65c... Donaldson Company (DCI), consensus 35c... Booz Allen Hamilton Holding (BAH), consensus 33c... The Buckle (BKE), consensus 78c... Monro Muffler Brake (MNRO), consensus 39c... Brady Corp. (BRC), consensus 37c... Trina Solar (TSL), consensus 9c... Quality Systems (QSII), consensus 15c... Kirkland's (KIRK), consensus 11c... Bon-Ton Stores (BONT), consensus ($1.56).
10:29 EDTJCPOptions with decreasing implied volatility
Options with decreasing implied volatility: ZIOP KING ARIA CTRP WTW VHC XON KERX VIPS JCP
10:16 EDTJCPHigh option volume stocks
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09:34 EDTBBYBest Buy trends moderating, says Cleveland Research
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07:49 EDTSHLDCherokee partnerships add to long-term growth, says Brean Capital
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06:07 EDTBBYStocks with implied volatility above IV index mean; KORS BBY
Stocks with implied volatility above IV index mean; Michael Kors (KORS) 40, Best Buy (BBY) 37 according to iVolatility.
06:00 EDTTMTakata to widen airbag recall to nearly 34M, enters Consent Order
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May 19, 2015
13:20 EDTTMTakata expected to recall 33.8M vehicles, Detroit News reports
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11:59 EDTJCPOptions with decreasing implied volatilit
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09:53 EDTBBYBest Buy May volatility elevated into Q1 and outlook
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07:36 EDTTMAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
May 18, 2015
15:16 EDTSHLDSears Holdings May weekly volatility increases into Q1 and outlook
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09:54 EDTTMNHTSA looks to accelerate V2V rollout by automakers, Motor Authority says
Automakers have been notified that initial proposals for the implementation of vehicle-to-vehicle technology will be outlined by before January 1, 2016, which would be a full year ahead of schedule, according to Motor Authority. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Mobileye (MBLY) makes chips utilized in advanced driver assistance systems. Reference Link
06:26 EDTTMStudy shows Toyota and Honda leads in best supplier relations, Reuters says
A new study revealed that Toyota (TM) and Honda (HMC) led automakers with U.S. plants in supplier relations, reports Reuters. According to the study led by Planning Perspectives President John Henke, Toyota led Honda while Ford (F) was a distant third and Nissan (NSANY) came in fourth. General Motors (GM) and Fiat Chrysler (FCAU) were last on the list. Reference Link
May 17, 2015
16:18 EDTTMJapanese carmakers delay Takata restructuring until post-recall, Reuters says
Japanese automakers including Honda (HMC), Nissan (NSANY), and Toyota (TM) are delaying pressure for a restructuring at Takata (TKTDY) until the company ships out a healthy supply of replacement parts, reports Reuters, citing Masaki Higurashi, deputy director of the Japanese trade ministry's auto division. "After all the replacement parts are supplied, the automakers have to decide whether to let Takata stay on as it is... I think the automakers are starting to think about that," added Higurashi. Reuters notes that Takata and the carmakers disagree on whether the most recent round of airbag recalls are necessary, and as a result have not reached an agreement on costs. Reference Link
May 15, 2015
13:46 EDTSHLDSears Holdings May weekly volatility elevated into Q1 and outlook
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10:01 EDTJCPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aspen Technology (AZPN) upgraded to Overweight from Sector Weight at Pacific Crest... Canadian National (CNI) upgraded to Outperform from Sector Perform at Scotia Capital... Connecticut Water (CTWS) upgraded to Outperform from Market Perform at Wells Fargo... Hanesbrands (HBI) upgraded to Buy from Neutral at DA Davidson... Impala Platinum (IMPUY) upgraded to Buy from Neutral at Goldman... Inovalon (INOV) upgraded to Buy from Neutral at Goldman... J.C. Penney (JCP) upgraded to Market Perform at BMO Capital... Sovran Self Storage (SSS) upgraded to Buy from Neutral at UBS... Syngenta (SYT) upgraded to Neutral from Underperform at Exane BNP Paribas... UPS (UPS) upgraded to Buy from Neutral at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at TD Securities... Yum! Brands (YUM) upgraded to Overweight from Neutral at JPMorgan.
07:14 EDTJCPJ.C. Penney upgraded to Market Perform at BMO Capital
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07:05 EDTJCPJ.C. Penney upgraded to Market Perform from Underperform at BMO Capital
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