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Stock Market & Financial Investment News

News Breaks
July 30, 2014
12:27 EDTDEST, NQ, HUM, GNW, RT, REGN, TWTROn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with the Nasdaq leading and the Dow lagging, after a much better than expected reading on second quarter economic growth in the U.S. and ahead of a statement from the Federal Reserve following its latest policy meeting. With a solid earnings season and the economic data showing growth, investors are now on Fed watch, with the move in the averages potentially illustrating fear that the central bank may begin to get more hawkish. ECONOMIC EVENTS: In the U.S., the Commerce Department estimated that 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%. Payroll company ADP reported private payrolls climbed 218K in July, which was a bit below the 238K forecast. The Federal Reserve wraps up its two-day Federal Open Market Committee meeting today and the accompanying rate decision and statement is scheduled to be released at 2:00 pm ET. COMPANY NEWS: Shares of Twitter (TWTR) surged 20% higher after the social network operator's second quarter results beat analysts' consensus estimates and it raised its fiscal year 2014 revenue and adjusted EBITDA forecasts. Following last night's report, Bank of America Merrill Lynch upgraded Twitter to Buy from Neutral, while the stock was also upgraded to Outperform from Sector Perform at FBN Securities, to Neutral from Sell at UBS and to Market Perform from Underperform at Cowen. MAJOR MOVERS: Among the notable gainers was NQ Mobile (NQ), which jumped 15% to trade near $8 per share after the company reported it has received a non-binding proposal from Bison Capital to acquire all of NQ's outstanding American depositary shares for $9.80 each. Also higher was Regeneron (REGN), which rose 6% after the company announced that nine new Phase 3 Odyssey trials of alirocumab in people with hypercholesterolemia met their primary efficacy endpoint. Among the noteworthy losers was Genworth Financial (GNW), which dropped 13% and was downgraded to Neutral from Outperform at Macquarie after its second quarter earnings report. Also lower following their earnings reports were Humana (HUM), which slid 5%, Ruby Tuesday (RT), which fell over 16%, and Destination Maternity (DEST), which dropped more than 19%. INDEXES: Near midday, the Dow was down 57.70, or 0.34%, to 16,854.41, the Nasdaq was up 9.01, or 0.2%, to 4,451.71, and the S&P 500 was down 3.87, or 0.2%, to 1,966.08.
News For TWTR;GNW;NQ;REGN;HUM;DEST;RT From The Last 14 Days
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December 12, 2014
09:35 EDTTWTRActive equity options trading
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08:01 EDTREGNPiper predicts two large-cap biotechs could be acquired in 2015
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December 11, 2014
16:01 EDTTWTROptions Update; December 11, 2014
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14:23 EDTNQChinese report casts doubt on NQ Mobile co-CEO departure, Muddy Waters says
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09:37 EDTTWTRActive equity options trading
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December 10, 2014
16:00 EDTTWTROptions Update; December 10, 2014
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14:45 EDTHUMDeal would block payments to health insurance companies, The Hill says
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11:12 EDTTWTRInstagram announces service now has over 300M users
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10:56 EDTHUMSaint Luke's enters into agreement with Humana
Saint Luke’s Health System and Humana announced an agreement through which Humana will offer a new health insurance plan to Missourians purchasing insurance through the Missouri Health Insurance Marketplace, also known as an exchange.
09:36 EDTTWTRActive equity options trading
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08:58 EDTNQNQ Mobile holder RPL agrees to additional two-year voluntary lock-up
NQ Mobile stated that, as a sign of confidence in the future of the company, RPL Limited, a substantial shareholder of NQ Mobile which is owned and controlled by the founders of NQ, has agreed to an additional two-year voluntary lock-up that will expire in December 2016. RPL is a limited liability company organized under the laws of the British Virgin Islands. As of October 15, , RPL held 50,352,941 Class B common shares, equivalent to approximately 10.07M ADSs, of NQ Mobile, representing approximately 11.3% of NQ Mobile's outstanding shares. RPL agreed it will not sell any of its shares until December 2016. In addition to the lock-up by RPL, the founders and NQ Mobile's senior management reiterate their intention to purchase additional shares in accordance with all applicable rules and regulations.
08:56 EDTNQNQ Mobile Co-CEO and Chairman Lin steps down
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08:37 EDTNQNQ Mobile Co-CEO and Chairman Lin steps down
December 9, 2014
16:00 EDTTWTROptions Update; December 9, 2014
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09:38 EDTTWTRActive equity options trading
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December 8, 2014
14:24 EDTTWTRRumor: Twitter moves off lows amid speculation Apple may take a stake
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13:38 EDTTWTRTwitter breaks to lows of the day, levels to watch
The shares are down over 6.7% to $35.89 at time of writing. Resistance is now at former support at $36.38. Support is now at $35.06.
11:21 EDTTWTRTwitter volatility low as shares pullback to four-month low
Twitter December weekly call option implied volatility is at 51, December is at 46, January at 43; compared to its 26-week average of 54 according to Track Data, suggesting decreasing price movement
10:16 EDTTWTRTwitter falls to session lows, levels to watch
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06:00 EDTTWTRTwitter's former head of product leaving company, Re/code reports
Daniel Graf, who was replaced by Kevin Weil as head of product last month, is leaving the company, Re/code reports. Reference Link
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