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Stock Market & Financial Investment News

News Breaks
July 10, 2014
12:21 EDTLL, TRW, PBPB, FDO, CRAY, UALOn The Fly: Midday Wrap
Stocks on Wall Street began the session deep in negative territory and although they have managed recoup some ground, they remain lower. Fears about the health of one of Portugalís largest banks, coupled with weak economic data out of Italy, prompted a sell-off in Europe, which spilled over to the U.S. The decline in the market marked its biggest drop since May, but the averages have recaptured some of their earlier session losses by midday. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 11K to 304K in the week ended July 5. Wholesale inventories rose 0.5% in May, while sales edged up 0.7%, which were both a little below expectations. In China, trade performance improved in June but still missed market forecasts. Exports rose 7.2% in June from a year earlier, missing the consensus forecast for a rise of 10.6%, while imports grew 5.5% in the month, versus the 5.8% growth expectation. In Europe, concerns about the periphery rose again as the parent company of Portugal's Espirito Santo bank missed a debt payment, leading the country's interest rates higher and equities in the Eurozone lower. Also, Italy's industrial output saw its steepest monthly fall since late 2012, having dropped 1.2% in May, and the Bank of England maintained its main bank rate and its stock of purchased assets. COMPANY NEWS: Shares of airline United Continental (UAL) rose nearly 10% after reporting that its consolidated traffic, or revenue passenger miles, was flat year-over-year in June. In a note to investors following the company's update, UBS said it expected United Continental shares to trade higher given its higher than expected PRASM... Family Dollar (FDO) initially fell after reporting third quarter earnings that missed expectations. The dollar store operator stated that its same-store sales were down 1.8% in the period, but noted that its June comparable sales were approximately flat and that it was "encouraged" by its improving trends. Near noon, the stock had recovered and was up nearly 1%. MAJOR MOVERS: Among the notable gainers was supercomputer maker Cray (CRAY), which rallied 14.5% after the company announced it has been awarded a $174M computer deal from the National Nuclear Security Administration. Also higher was TRW Automotive (TRW), which rose nearly 7% before being halted for pending news near noon. Prior to the trading halt, Bloomberg had reported that Germanyís ZF Friedrichshafen has approached TRW about a potential takeover offer, with one source saying that the German company values the U.s. auto parts maker at around $11B-$12B. Among the noteworthy losers was sandwich maker Potbelly (PBPB), which plunged 23% after the company's second quarter and fiscal 2014 outlook fell significantly short of analysts' consensus estimates. Also lower was hardwood flooring and accessories retailer Lumber Liquidators (LL), which sunk 21% and was downgraded at both Credit Suisse and Jefferies after the company lowered its outlook for the year. INDEXES: Near midday, the Dow was down 91.13, or 0.54%, to 16,894.48, the Nasdaq was down 23.91, or 0.54%, to 4,395.13, and the S&P 500 was down 8.95, or 0.45%, to 1,963.88.
News For UAL;FDO;TRW;CRAY;PBPB;LL From The Last 14 Days
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February 20, 2015
17:20 EDTUALUnited Continental says cooperating with government investigation
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February 19, 2015
09:59 EDTUALOn The Fly: Analyst Initiation Summary
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09:59 EDTPBPBOn The Fly: Analyst Downgrade Summary
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07:35 EDTPBPBPotbelly downgraded at BofA/Merrill
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07:17 EDTCRAYMaxim to hold a bus tour
Internet/Tech Bus Tour travels throughout Seattle, Washington to various with various industry companies on February 19.
06:45 EDTLLLumber Liquidators volatility elevated into Q4 and outlook
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06:33 EDTPBPBPotbelly downgraded to Underperform from Neutral at BofA/Merrill
February 18, 2015
17:27 EDTUALUnited Continental initiated with a Neutral at BofA/Merrill
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12:31 EDTPBPBOn The Fly: Midday Wrap
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10:21 EDTPBPBHigh option volume stocks
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10:07 EDTPBPBPotbelly gaps up sharply on earnings beat, outlook, levels to watch
Shares are up over 11.6% to $15.85 at time of writing, off the earlier high at $16.25 which is currently resistance. Resistance above that high of the day is at $16.50. Support is at $15.66. The breakout today has filled the bearish gap down in price from July of last year, which is bullish for future price.
09:10 EDTPBPBOn The Fly: Pre-market Movers
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February 17, 2015
18:36 EDTPBPBOn The Fly: After Hours Movers
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18:06 EDTFDOPaulson & Co gives quarterly update on stakes
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17:02 EDTUALSoros Fund Management gives quarterly update on stakes
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16:15 EDTPBPBPotbelly expects at least 20% annual adjusted net income growth in FY15
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16:14 EDTPBPBPotbelly reports Q4 adj. EPS 6c, consensus 3c
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13:18 EDTUALOmega Advisors gives quarterly update on stakes
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07:24 EDTUALExecutives' Club of Chicago to hold a breakfast meeting
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05:16 EDTPBPBPotbelly volatility elevated into Q4 and outlook
Potbelly February call option implied volatility is at 146, March is at 61, July is at 51; compared to its 19-week average of 48 according to Track Data, suggesting larger near term price movement into the expected release of Q4 results today.
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