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Stock Market & Financial Investment News

News Breaks
July 31, 2014
12:29 EDTLLL, LPSN, GE, TMUS, AVP, OTEX, SYF, EDAP, ILIAF, WFM, SOn The Fly: Midday Wrap
Stocks on Wall Street were sharply lower at midday, following the lead of international markets that were also lower overnight after Argentina defaulted on its debt. The averages, which opened deep in the red, took another leg lower shortly after the open when the Chicago Purchasing Manager’s Index came out well below expectations with a reading of 52.6, versus a 63.0 forecast. The Argentinian default and the U.S. data, coupled with concerns over the Fed tightening its monetary policy sooner than expected, have pushed buyers to the sidelines ahead of tomorrow’s monthly jobs report. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 23K to 302K in the week ended July 26 from a revised 279K figure for the prior week. The Chicago PMI dropped a surprising 10 points to 52.6 in July, making for its lowest print since June of 2013. Internationally, Argentina failed to head off its second default in the past 13 years, sending its stock and bond markets sharply lower and causing ripples throughout global debt and equity markets. COMPANY NEWS: Shares of T-Mobile (TMUS) gained 5% after the company reported second quarter results that beat expectations and The Wall Street Journal reported that French mobile carrier Iliad (ILIAF) has made an offer to acquire the company. Following that report, Sprint (S), which has been widely seen as the most logical buyer of T-Mobile, fell nearly 4%... Shares of Synchrony Financial (SYF), the North American Retail Finance business of GE Capital (GE) that is being spun off from the parent company, began trading on the New York Stock Exchange. 125M Synchrony shares priced at $23.00 per share and began trading at $23.00 per share. General Electric Chairman and CEO Jeff Immelt stated afterward that the industrial giant continues to target completing its exit in late 2015 through a capital-efficient split-off transaction. MAJOR MOVERS: Among the notable gainers were Open Text (OTEX), which rose 15%, and LivePerson (LPSN), which gained 18%, after both reported better than expected results and both were upgraded this morning at Credit Suisse. Also rising following their earnings reports were Avon (AVP), which advanced 3.7%, and Allstate (ALL), which moved 4.4% higher. Among the noteworthy losers was Whole Foods Market (WFM), which sunk 3% after the company cut its full-year guidance. Also lower was L-3 Communications (LLL), which dropped 16% and was downgraded to Hold from Buy at Drexel Hamilton after the company cuts its FY14 EPS outlook. Another loser in today's market was EDAP TMS (EDAP), which plunged 43% after an FDA panel voted against recommending approval for its Ablatherm-HIFU device. INDEXES: Near midday, the Dow was down 231.85, or 1.37%, to 16,648.51, the Nasdaq was down 88.96, or 1.99%, to 4,373.94, and the S&P 500 was down 32.24, or 1.64%, to 1,937.83.
News For TMUS;S;SYF;GE;WFM;OTEX;LPSN;ILIAF;AVP;LLL;EDAP From The Last 14 Days
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April 27, 2015
12:41 EDTWFMWhole Foods Markets May weekly calls active
Whole Foods Markets May 49.5 and 50 weekly calls are active on 21K contracts (1K puts) on renewed takeover speculation by Publix earlier. May weekly call option implied volatility is at 29, May is at 39, June is at 36, August is at 28; compared to its 26-week average of 28 according to Track Data. Active call volume suggests traders taking positions for larger near term price movement.
09:37 EDTTMUST-Mobile remains a top pick but ARPU pressures in Q1, says Morgan Stanley
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09:36 EDTWFMActive equity options trading on open
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08:14 EDTTMUSBofA/Merrill media & telecom analysts hold analyst/industry conference call
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April 24, 2015
09:04 EDTTMUST-Mobile May weekly volatility increases into Q1 and outlook
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09:02 EDTSSprint volatility at low end of historic range into Q3
Sprint overall option implied volatility of 44 compares to its 26-week average of 50 according to Track Data, suggesting decreasing price movement into the expected release of Q3 results on May 5.
06:52 EDTWFMStarbucks report bodes well for United Natural Foods, says Piper Jaffray
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05:57 EDTGEStocks with implied volatility below IV index mean; GE NFLX
Stocks with implied volatility below IV index mean; General Electric (GE) 16, Netflix (NFLX) 27 according to iVolatility.
April 23, 2015
14:20 EDTS, TMUSEarnings Watch: Google up close to 8.5% since last earnings report
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10:05 EDTSSprint introduces Command Center 2.0 for enterprises
Sprint (S) announced it has launched its next-generation Command Center 2.0, which provides a centralized management platform across multiple technologies and simplifies the job of device management, in more than 200 countries. Sprint said its parent company, Softbank (SFTBF), not only supports the Command Center 2.0’s global extension but is also working with Sprint to use certain components of Command Center 2.0 for their customers.
10:00 EDTSYFOn The Fly: Analyst Upgrade Summary
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06:36 EDTSYFSynchrony Financial upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Synchrony Financial to Buy with a $35 price target ahead of the company's separation. It is positive Synchrony's growth.
April 22, 2015
13:39 EDTGEAnalyst warns competition growing in 3D printing space
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13:37 EDTTMUS, SGoogle introduces Project Fi, to partner with Sprint, T-Mobile
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10:58 EDTGEGeneral Electric says dividend a 'priority'
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09:02 EDTGEAdvanced Power selects GE for 7F.05 gas turbines
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06:21 EDTGEGeneral Electric to look to sell Czech banking unit, Reuters says
General Electric will divest its Czech banking subsidiary, believed to be worth more than $787M, within two years, a newspaper quoted the bank's CEO as saying, according to Reuters. Reference Link
06:11 EDTTMUST-Mobile added to Focus List at Citigroup
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06:01 EDTTMUS, SGoogle could launch wireless service today, WSJ reports
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05:59 EDTGEStocks with implied volatility below IV index mean; ALU GE
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