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Stock Market & Financial Investment News

News Breaks
July 30, 2014
12:27 EDTTWTR, GNW, NQ, REGN, HUM, DEST, RTOn 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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October 10, 2014
11:45 EDTTWTRStocks with call strike movement; TWTR GPRO
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11:23 EDTTWTRTwitter falls after bounce attempt, levels to watch
The stock is heading lower after a bounce attempt off the session low at $51 failed to hold. At the current price of $52.26, next support is at the low of the day. Resistance is at $52.77, the peak price of the recent bounce.
09:38 EDTTWTRActive equity options trading on open
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October 9, 2014
16:00 EDTTWTROptions Update; October 9, 2014
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14:32 EDTDESTDestination Maternity lowers FY14 adjusted EPS view to 82c-87c from 97c-$1.07
Consensus $1.04. Destination Maternity reported earlier that sales for FY14 were below the low end of the company's expected sales range and, as a result of this sales shortfall, higher than planned price promotional and markdown activity to manage inventory, and management and organizational changes initiated during the fourth quarter, the company's adjusted FY14 EPS are expected to be between 82c-87c per share, compared to the company's previous guidance of adjusted earnings between 97c-$1.07 per share and FY13 adjusted earnings of $1.69 per share. Destination Maternity noted that in its press release issued earlier today the adjusted earnings per share expected for FY14 communicated by the company inadvertantly excluded an addback related to reductions of state income tax expense from earlier in the fiscal year.
13:16 EDTTWTRTwitter November volatility elevated
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11:42 EDTRTRuby Tuesday surges after Q1 profit beats estimates
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09:38 EDTTWTRActive equity options trading on open
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09:20 EDTRTOn The Fly: Pre-market Movers
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06:05 EDTDESTDestination Maternity narrows Q4 adjusted EPS view to (10c)-(5c) from (14c)-(4c)
One estimate 11c. Reports Q4 revenue $122M, one estimate $133.5M. Reports Q4 SSS down 5% on a reported basis. Q4 SSS adjusted for calendar timing shift were down 4.8%.
October 8, 2014
20:03 EDTTWTRTwitter news head Vivian Schiller leaving company, Re/code reports
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18:31 EDTRTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Ruby Tuesday (RT), up 19.6%... Exar (EXAR), up 13.7% after reporting second quarter revenue guidance... Alcoa (AA), up 2.2%. ALSO HIGHER: Nuance (NUAN), up 2.5% following rumors that Carl Icahn will recommend that Apple (AAPL) buy the company... GrubHub (GRUB), up just under 1% after being initiated with a Buy at CRT Capital. DOWN AFTER EARNINGS: Kofax (KFX), down 20.1% after reporting first quarter revenue and fiscal 2015 revenue guidance below analyst estimates... ARC Group (ARCW), down 17%... E2open (EOPN), down 8.9%. ALSO LOWER: Gap (GPS), down 7.6% following September same store sales data and CEO transition... AMD (AMD), down 7% after announcing CEO transition.
16:21 EDTRTRuby Tuesday up 19.3% following Q1 results
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16:15 EDTRTRuby Tuesday gaps up and runs higher after results
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16:10 EDTRTRuby Tuesday sees FY15 same-restaurant sales up 1%-2%
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16:09 EDTRTRuby Tuesday sees Q2 same-restaurant sales up 1%-2%
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16:07 EDTRTRuby Tuesday reports Q1 EPS ex-items (1c), consensus (12c)
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15:25 EDTRTNotable companies reporting after market close
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09:38 EDTTWTRActive equity options trading on open
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06:00 EDTTWTRInstagram still most used social network for teens, says Piper Jaffray
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