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Stock Market & Financial Investment News

News Breaks
January 6, 2014
09:15 EDTSRPT, SCTY, FSLR, EBAY, LMCA, PBR, PACR, PPHM, MW, BA, SIRI, SOL, XPO, CAMT, JOSB, P, TWTR, HGGOn The Fly: Pre-market Movers
HIGHER: Sirius XM (SIRI), up 8% after Liberty Media (LMCA) offers to acquire remaining stake in Sirius it does not already own in a stock deal valued at $3.68 per Sirius share... Boeing (BA), up 1.5% after machinists union accepts contract extension tied to 777X... Jos. A Bank (JOSB), up 4.7% after Men's Wearhouse (MW) commences cash tender offer for the company at $57.50 per share. Men's Wearhouse shares also up 4.7% following the news.. Peregrine (PPHM), up 30% after receiving FDA fast track designation for Bavituximab... SolarCity (SCTY), up 10.7% after upgraded to Conviction Buy at Goldman... ReneSola (SOL), up 9.6% after awarded 420MW supply contract in Japan... XPO (XPO), up 10% after acquiring Pacer (PACR) for $6 in cash, $3 for each Pacer common share. Pacer also up 8% after the deal... Pandora (P) up 5.8% after launching advertising on auto platforms, reporting listener hours up 13% for December. LOWER: Twitter (TWTR), down 5.7% following downgrades at Morgan Stanley and CRT Capital... hhgregg (HGG), down 13.4% after lowering outlook... eBay (EBAY), down 2% after downgraded at Morgan Stanley... Petrobras (PBR), down 2% after WSJ says the company reported a fire at its Reduc refinery... Sarepta (SRPT), down 8.8% following downgrade at Citigroup... Camtek (CAMT), down 7.4% after CEO Roy Porat to step down, Rafi Amit to return as CEO... First Solar (FSLR), down 4.5% after downgraded at Goldman.
News For TWTR;SIRI;LMCA;P;BA;EBAY;JOSB;MW;FSLR;CAMT;PPHM;SCTY;XPO;PACR;SRPT;SOL;PBR;HGG From The Last 14 Days
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February 1, 2016
07:21 EDTTWTRTwitter price target lowered to $25 from $38 at Canaccord
Canaccord lowered its price target on Twitter to $25 from $38 as they reset expectations after last week's management shake-up. The firm also lowered estimates on slowing user growth and a decline in user engagement. Canaccord maintained its Buy rating on Twitter shares, citing its compelling valuation and the view that the current share price reflects low expectations.
07:06 EDTSIRISirius XM's intention to implement NCIB accepted by Toronto Stock Exchange
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06:32 EDTTWTRTwitter volatility elevated into Q4 and outlook
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06:13 EDTTWTRAndreessen, Silver Lake have considered deal for Twitter, The Information says
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05:17 EDTPBRStocks with implied volatility movement; GILD PBR
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05:13 EDTSCTYSolarCity implied volatility of 117 at upper end of index mean range
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05:08 EDTTWTRStocks with implied volatility above IV index mean; LNKD TWTR
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January 31, 2016
11:39 EDTTWTR, EBAY, BAS&P falls 5% in January despite second straight winning week to close month
Stocks finished the month of January with two straight winning weeks, but investors are still glad to see the calendar flip as those winners only cut the S&P's loss to 5% for the month. With growth worries abounding amid troubling signs from China and as oil languishes below $35 per barrel, the manufacturing readings from China, Europe, and the U.S. due out on Monday will be essential to whether the new month continues the uptrend of the end of January or the dour tone that dominated the early half of the month. MACRO NEWS: The Federal Reserve kept interest rates unchanged following its policy meeting this week, as almost universally expected. In its accompanying statement, the central bank said its committee members expect that economic conditions will "evolve in a manner that will warrant only gradual increases in the federal funds rate." The group added that inflation is expected to "remain low in the near term, in part because of the further declines in energy prices, but to rise to 2% over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further"... In other domestic economic news, the Commerce Department's first read on fourth quarter gross domestic product came in at 0.7% annualized growth, below the already anemic 0.8% growth forecast. The S&P/Case-Shiller 20-city home price index rose 5.8% from the prior year in November, topping expectations for a 5.7% year-over-year increase. The separate FHFA house price index showed a monthly gain of 0.5% in November, matching the consensus forecast. Markit's services PMI for January came in at 53.7, missing the 54.0 forecast. The preliminary reading of the Conference Board's consumer confidence index for January came in at 98.1, topping the 96.5 reading that was expected. New home sales surged 10.8% to a 544,000 annualized pace in December, topping expectations and hitting their highest level in 10 months. Initial jobless claims fell to 278,000 last week, versus the expected 281,000 first-time claims. Durable goods orders dropped 5.1% in December, versus expectations for a decrease of 0.7%. The core reading, which removes transportation items, was down 1.2%, versus expectations for a decline of 0.1%. The University of Michigan consumer sentiment index slipped to 92.0 in the final January print, missing the 93.0 reading that was forecast... In a surprising move in Asia, the Bank of Japan introduced a rate of minus 0.1% on certain excess holdings of cash while maintaining the pace of its asset purchases. Japan also reported data pointing to a softening economy, as total CPI grew 0.2% year-over-year in December, core CPI rose at only a 0.1% pace and industrial production fell a preliminary 1.4% month-over-month in December. COMPANY NEWS: McDonald's (MCD) advanced Monday after the fast food giant reported better than expected earnings and comparable sales growth for the fourth quarter, powered by the launch of All Day Breakfast in the U.S.... Earnings season accelerated Tuesday as four members of the bluechip Dow Jones Industrial Average posted results before the opening bell. 3M (MMM) was the top advanced on the index with a gain of over 5%, while Johnson & Johnson (JNJ), Procter & Gamble (PG) and DuPont (DD) all notched gains that day following their reports as well... Apple (AAPL) declined more than 6.5% on Wednesday after the tech giant reported first quarter earnings that topped consensus estimates, but also issued revenue guidance for the new quarter that missed expectations. The company was noted by several analysts as taking a particularly downbeat tone in its earnings conference call, invoking the difficult macroeconomic environment and weakness it has recently seen in China. Apple was not the worst performer in the Dow that day, as Boeing (BA) shares plummeted nearly 9% after its profit outlook for the new fiscal year fell far short of the Street's consensus forecast... Facebook (FB) surged 15.5% on Thursday after the social media giant's fourth quarter earnings and revenue beat expectations. A number of Wall Street analysts increased their price targets for the stock following the report, including Piper Jaffray's Gene Munster, who hiked his target to a "Street-high" $170 per share. The same day, Caterpillar (CAT) reported better than expected quarterly earnings, excluding certain items, but its revenue came in below the consensus forecast and the heavy equipment maker warned that it does not anticipate an improvement in the world economy or commodity prices in 2016. The stock, which had declined almost 20% in the last three months prior to this morning's report, rebounded almost 5% after the company jumped over the lowered bar that had been set by bearish analysts... On Friday, shares of Amazon (AMZN) declined more than 7.5% after the company's fourth quarter results came in below expectations. Meanwhile, Microsoft (MSFT), which reported better than expected earnings, gained almost 6%. Chevron (CVX) reported a quarterly loss due to taking impairments and other charges of $1.1B. The company, which also reported that its average sales price per barrel of crude oil and natural gas liquids in the U.S. was $35 in fourth quarter, down from $66 a year ago, edged up 0.7% to $86.44... Among the many others reporting earnings this week, Visa (V), Mastercard (MA), Under Armour (UA), Sprint (S) and Biogen (BIIB) gained immediately following their reports, while Qualcomm (QCOM), eBay (EBAY), U.S. Steel (X), VMware (VMW) and Anthem (ANTM) all slid following their own... Xerox (XRX) announced plans to separate into two independent publicly-traded companies: one focused on Document Technology and another Business Process Outsourcing company. Xerox also announced an agreement related to the governance of the Business Process Outsourcing company under which six directors of the new company will be selected by Xerox and three will be selected by current Xerox shareholder Carl Icahn... Terex (TEX) surged more than 36% higher on Tuesday after receiving a $30 per share acquisition offer from China's Zoomlion. Terex peers Manitowoc (MTW), Joy Global (JOY) and Oshkosh (OSK) also gained after the offer was disclosed... Weight Watchers (WTW) shares soared nearly 20% Tuesday after noted shareholder and partner Oprah Winfrey tweeted a video detailing her progress using the company's program, indicating that she'd already lost 26 pounds thanks to its plan... AIG (AIG) provided its much-anticipated strategy update, committing to return at least $25B to shareholders over the next two years and announcing the sale of AIG Advisor Group to Lightyear Capital and PSP Investments. The company, under ongoing pressure from activist investors including Carl Icahn, also said it will publicly offer a portion of its United Guaranty unit, though it expressly rejected a full company breakup... SunEdison (SUNE) gained 18% during the week after agreeing to new corporate governance initiatives with David Einhorn's Greenlight Capital, including amending its bylaws to restrict equity issuances for two years without a supermajority board vote... Twitter (TWTR) slumped nearly 6% this week after CEO Jack Dorsey confirmed the departure of four company executives, leading research firm Stifel to downgrade the shares. INDEXES: The Dow gained about 2.2% to close at 16,466.30; the S&P 500 rose about 1.6% to close at 1,940.24; the Nasdaq advanced about 0.4% to close at 4,613.95.
January 29, 2016
18:20 EDTBABoeing awarded contract for new Air Force One presidential jets
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17:11 EDTBABoeing 737 MAX 8 on track for first delivery to Southwest in 3Q17
The Boeing (BA) 737 MAX 8 took to the skies for the first time this afternoon. The 737 MAX program achieved the milestone on schedule which begins a comprehensive flight-test program leading to certification and delivery. With the latest technology LEAP-1B engines from CFM International and Boeing-designed Advanced Technology winglets, the first member of the efficient 737 MAX family completed a two-hour, 47-minute flight, taking off from Renton Field in Renton, Wash., at 9:46 a.m. local time and landing at 12:33 p.m. at Seattle's Boeing Field. With the other three members of the 737 MAX 8 flight-test fleet currently in different stages of final assembly, the 737 MAX remains on track for first delivery to Southwest Airlines in the third quarter of 2017.
16:14 EDTXPOXPO Logistics reduces workforce by 190 positions in less-than-truckload business
XPO Logistics continued with its plan for synergies in its less-than-truckload business acquired from Con-way. Approximately 160 non-sales positions have been eliminated with most of the reductions being in administrative, management and back office functions, and impacted less than 1% percent of the LTL workforce in North America. Another 30 positions were eliminated in other parts of the company, primarily to address redundancies created by the acquisition. Collectively, the actions are expected to reduce annual costs by more than $20M against a targeted operating profit improvement of $170M-$210M over two years. To date, approximately $50M of expected annualized savings have been achieved in the three months since the company acquired Con-way on October 30, 2015.
16:00 EDTPBROptions Update; January 29, 2016
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13:19 EDTPBROptions with increasing call volume: EXP FLIR SYN INO PBR VMEM EPI GILD EA
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11:37 EDTBABoeing awarded $2.5B contract by U.S. Navy for 20 P-8A Poseiden aircraft
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08:43 EDTSCTYSolarCity and Sunrun to benefit from CPUC decision, says Morgan Stanley
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08:31 EDTBAOarbital ATK says OBV rocket successfully completes missile defense test
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07:48 EDTSCTYSolarCity to benefit from new California rule, says Stifel
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07:05 EDTMWMen's Wearhouse to implement new structure named Tailored Brands
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05:26 EDTBABoeing, SWISS announce delivery of airline's first 777-300ER
Boeing and Swiss International Air Lines, or SWISS, are celebrating the delivery of the airline's first 777-300ER. The latest addition to SWISS' fleet touched down in Zurich following a non-stop 4,545 nautical miles delivery flight from Boeing's Everett Delivery Center in Everett, WA.
05:09 EDTTWTRStocks with implied volatility above IV index mean; CRM TWTR
Stocks with implied volatility above IV index mean; Salesforce (CRM) 46, Twitter (TWTR) 95 according to iVolatility.
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