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Stock Market & Financial Investment News

News Breaks
August 1, 2014
16:51 EDTPEP, ALL, GPRO, UPS, TRLA, DLTR, TMUS, TGT, PG, GRMN, SGMS, Z, TWTR, WMT, AMGN, EXPE, GLW, BYI, FDO, SMarket finishes week lower as Fed, geopolitical worries weigh
Stocks ended the week lower amid worries about the Fed tightening sooner than expected and continued geopolitical uncertainty. MACRO NEWS: In a statement released following their latest meeting, the Federal Open Market Committee said that "the likelihood of inflation running persistently below 2% has diminished somewhat." Meanwhile, the employment cost index jumped 0.7% in the second quarter, it was reported on Thursday. Wages and salaries rose 0.6% in Q2, according to the report. Following the release of the index and the Fed's statement, investors worried that the central bank could start tightening monetary policy sooner than expected. The Commerce Department estimated that U.S. Gross Domestic Product grew at a seasonally adjusted annual rate of 4.0% in the second quarter, easily beating expectations for a growth rate of 3.0%. Non-farm payrolls rose 209K in July, missing the 230K forecast. Other U.S. economic data was largely upbeat, as two consumer confidence indexes for July and weekly jobless claims were all better than expected... In overseas news, China's official purchasing managers' index reached its highest level in 27 months in July, beating expectations by a small amount. 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. The U.S. and EU leveled new, tougher sanctions against Russia, leading to concerns that Moscow's struggle with the West could intensify. Meanwhile, Israel continued to battle Hamas. COMPANY NEWS: Among the noteworthy companies that fell after reporting their results were shipping giant UPS (UPS), glass maker Corning (GLW), navigation device specialist Garmin (GRMN) and newly-listed action camera maker GoPro (GPRO). On the other other side of the coin, Twitter (TWTR), Expedia (EXPE), Procter & Gamble (PG), Allstate (ALL), and Amgen (AMGN) were among the companies whose stocks rose in the wake of their earnings reports... The M&A news flow continued to be strong, as Dollar Tree (DLTR) agreed to buy Family Dollar (FDO) and real estate website operator Trulia (TRLA) agreed to be acquired by its peer Zillow (Z) and casino equipment maker Bally Technologies (BYI) agreed to be acquired by Scientific Games (SGMS). Meanwhile, France's Iliad (ILIAF) confirmed that it had offered $15B in cash for a 56.6% stake in T-Mobile US (TMUS) for $33 per share for $83.30 per share, which negatively impacted the stock of Sprint (S), which has been widely viewed as on track to buy T-Mobile as the two seek to grow and better challenge the number one and two mobile carriers in the U.S., Verizon (VZ) and AT&T (T)... Target Corporation (TGT) announced that its Board of Directors had named Brian Cornell as the company's next chairman of the Board of Directors and CEO, effective August 12. Cornell most recently served as the CEO of PepsiCo Americas Foods (PEP) where he oversaw Pepsi's global food business. Before joining PepsiCo in 2012, Cornell served as president and CEO of Sam's Club, a division of Wal-Mart (WMT). INDEXES: The Dow dropped 2.75% to 16,493.37, the S&P 500 fell 2.16% to 1,925.15, and the Nasdaq declined 2.69% to 4,352.64.
News For TMUS;S;TWTR;DLTR;FDO;Z;TRLA;BYI;SGMS;UPS;GLW;GRMN;GPRO;EXPE;PG;ALL;AMGN;TGT;PEP;WMT From The Last 14 Days
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April 23, 2015
07:03 EDTPEPPepsiCo backs FY15 core EPS growth of 7%, consensus $4.65
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07:02 EDTPEPPepsiCo reports Q1 core EPS 83c, consensus 79c
Reports Q1 revenue $12.22B, consensus $12.18B. Reports Q1 organic revenue up 4.4%.
06:59 EDTPGProcter & Gamble backs FY15 core EPS to be down low single digits
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06:58 EDTPGProcter & Gamble took non-cash charge of $300M or 10c per share in Q3
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06:57 EDTPGProcter & Gamble to offset forex with pricing, mix enhancement, cost reduction
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06:56 EDTPGProcter & Gamble reports Q3 core EPS 92c, consensus 92c
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April 22, 2015
15:50 EDTPEP, PGNotable companies reporting before tomorrow's open
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15:19 EDTAMGNAmgen management to meet with Piper Jaffray
Group luncheon to be held in Boston on April 27 hosted by Piper Jaffray.
15:12 EDTPGProcter & Gamble technical comments before earnings
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15:10 EDTPGEarnings Watch: Procter & Gamble to report Q3 results after forex warnings
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13:37 EDTS, TMUSGoogle introduces Project Fi, to partner with Sprint, T-Mobile
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13:34 EDTTWTRTwitter top execs end programattic selling, Fortune says
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11:25 EDTTWTRStocks with call strike movement; TWTR CREE
Twitter (TWTR) September 60 call option implied volatility increased 3% to 42, Cree (CREE) August 37.5 call option implied volatility decreased 11% to 34 according to IVolatility.
09:22 EDTAMGNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 12.7%... Angie's List (ANGI), up 17.4%... Broadcom (BRCM), up 6.3%... Owens Corning (OC), up 3.8%... Yum! Brands (YUM), up 3.3%... Dolby Laboratories (DLB), up 3.6%... Infinera (INFN), up 2.4%... AutoNation (AN), up 2.5%... Amgen (AMGN), up 3.1%... Coca-Cola (KO), up 2%. ALSO HIGHER: Procera Networks (PKT) up 10.4% after being acquired by Francisco Partners in deal valued at $240M... Organovo (ONVO), up 19.2% after entering into a collaboration agreement with Merck Sharp and Dohme... Vical (VICL), up 5.8% after being awarded $4M contract to manufacture HIV vaccines for clinical evaluation... CTI BioPharma (CTIC), up 4.9% after announcing that Phase 3 pacritinib data will be highlighted in a late-breaking oral presentation at ASCO meeting. DOWN AFTER EARNINGS: Chipotle Mexican Grill (CMG), down 5.2%... iRobot (IRBT), down 3.6%... Cree (CREE), down 3.5%... United Rentals (URI), down 4%... Super Micro Computer (SMC), down 2.3%... Thermo Fisher (TMO), down 2.6%. ALSO LOWER: Natural Resource Partners (NRP), down 14% after reducing quarterly distribution 75% to 9c per unit... Trinity Industries (TRN), down 3.5% following a Bloomberg report that the Justice Department has initiated a criminal investigation into Trinity guardrails.
07:59 EDTAMGNAmgen price target raised to $189 from $164 at Cowen
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07:29 EDTAMGNAmgen estimates and price target raised at UBS
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06:38 EDTGPROCiti sees Q1 sales, but not earnings upside for GoPro
Citigroup expects GoPro to report Q1 revenue of $346M, $5M above consensus, with its demand trackers showing "strong momentum" for the company's cameras. The firm, however, does not expect the sales beat to flow through to earnings with GoPro "hiring aggressively" in Q1. It expects Q1 earnings per share of 17c, 1c below consensus. Citi tells investors it finds it difficult to get more positive on shares with the stock near its $48 price target. The firm keeps a Neutral rating on the action camera maker.
06:11 EDTTMUST-Mobile added to Focus List at Citigroup
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06:03 EDTAMGNAmgen price target raised to $192 from $187 at Piper Jaffray
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06:01 EDTTMUS, SGoogle could launch wireless service today, WSJ reports
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