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Stock Market & Financial Investment News

News Breaks
April 8, 2014
11:41 EDTUSTR, GPC, ODPUnited Stationers down after Genuine Parts unit wins Office Depot contract
Shares of United Stationers (USTR) are moving lower after Office Products International, a publication for the office products industry, reported yesterday that S.P. Richards confirmed it won the first-call wholesale business for Office Depot (ODP) in the U.S. United Stationers and S.P. Richards, a unit of Genuine Parts (GPC), are both suppliers to Office Depot. Shares of United Stationers are down 4% to $38.08 in morning trading. Shares of Genuine Parts are up 1% to $85.63.
News For USTR;ODP;GPC From The Last 14 Days
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July 28, 2015
10:38 EDTODPOptions with increasing implied volatility
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July 24, 2015
06:53 EDTODPAmazon urges FTC to approve Staples-Office Depot deal, NY Post says
Amazon (AMZN) founder and CEO Jeff Bezos has reached out to FTC regulators through intermediaries supporting approval of Staples' (SPLS) proposed $6.3B offer to acquire Office Depot (ODP), the New York Post reports, citing sources familiar with the matter. Reference Link
July 20, 2015
11:35 EDTGPCGenuine Parts cuts FY15 EPS view to $4.65-$4.70 from $4.70-$4.80
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11:30 EDTGPCGenuine Parts now sees FY15 free cash flow $350M-$450M
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08:43 EDTGPCGenuine Parts says Q2 results due to 'choppiness in the economy'
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08:42 EDTGPCGenuine Parts reports Q2 EPS $1.28, consensus $1.33
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July 17, 2015
14:09 EDTGPCGenuine Parts technical notes ahead of earnings news
The stock has been trading in a stable but bearish price channel since late January of this year. The $90 level as support now comes into play, with price last at $90.40. The $90 area had been significant resistance through much of 2014 before the breakout in October. If the $90 area was taken out on the downside on bearish news, next supports below would be at $88.17, $85.35, $83.43, and $82.17. The latter level was the low of the range from February 2014, with the $85 area being the primary support. If the news is a bullish surprise, the top of the price channel is at the $92 area. A breakout above that level would snap the shorter-term downtrend. Additional resistance levels to watch as potential upside objectives would be at $94.21, $95.24, and $98.40.
09:04 EDTGPCGenuine Parts acquires Australia's Covs Parts
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