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Stock Market & Financial Investment News

News Breaks
January 13, 2014
05:51 EDTAXP, MA, VVisa upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Visa (V) to Buy citing last year's underperformance when compared to MasterCard (MA) and the possibility of a positive Fed debit exclusivity ruling. Citi says it sill prefers MasterCard over the longer term and notes American Express (AXP) remains its top pick again in the space for 2014. The firm raised its price target for Visa shares to $265 from $212, for MasterCard to $965 from $835, and for American Express to $104 from $88.
News For V;MA;AXP From The Last 14 Days
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January 22, 2015
05:36 EDTMAMasterCard announces opportunity to apply for next edition of Start Path Europe
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January 21, 2015
18:27 EDTAXPOn The Fly: After Hours Movers
UP AFTER EARNINGS: eBay (EBAY), up 2.9%... United Rentals (URI), up 1.5%. ALSO HIGHER: Minerva (NERV), up 16.1% after reporting positive Phase 1 data with MIN-202... Endo (ENDP), up 3.1% after it was announced that Endo will replace Covidien in S&P 500 as of 1/26 close... Covidien (COV) is up 1%. DOWN AFTER EARNINGS: F5 Networks (FFIV), down 15.8%... Xilinx (XLNX), down 6.1%... Discover Financial Services (DFS), down 3.3%... American Express (AXP), down 2.2%. ALSO LOWER: BioMarin (BMRN), down 2.5% after filing to sell 7.25M shares of common stock... Kinder Morgan (KMI), down 1.9% after announcing that it will acquire Hiland Partners for approximately $3B and reporting fourth quarter results... Cisco (CSCO), down 1.4% after Bloomberg reported that Oracle's (ORCL) Ellison said that Oracle's new Virtual Compute Appliance is cheaper than Cisco's product.
16:28 EDTAXPAmerican Express plans several thousand job cuts this year, Bloomberg says
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16:17 EDTAXPAmerican Express down 1.5% after Q4 earnings report
16:12 EDTAXPAmerican Express plans to cut 'several thousand' jobs, Bloomberg says
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16:08 EDTAXPAmerican Express says Q4 reflects $719M gain on sale of investment in Concur
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16:04 EDTAXPAmerican Express reports Q4 EPS $1.39, consensus $1.38
Reports Q4 revenue net of interest expense $9.11B, consensus $8.53B.
15:27 EDTAXPNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include American Express (AXP), consensus $1.38; Kinder Morgan (KMI), consensus 34c; eBay (EBAY), consensus 89c; Discover Financial Services (DFS), consensus $1.30; Crown Castle (CCI), consensus $1.05; Crown Castle (SNDK), consensus $1.27; Xilinx (XLNX), consensus 61c; F5 Networks (FFIV), consensus $1.49; United Rentals (URI), consensus $2.07; Plexus (PLXS), consensus 72c; Boston Private Financial Holdings (BPFH), consensus 22c; Dolby Laboratories (DLB), consensus 38c; SLM (SLM), consensus 5c; East West Bancorp (EWBC), consensus 65c; Raymond James Financial (RJF), consensus 86c; BancorpSouth (BXS), consensus 32c.
15:17 EDTAXPAmerican Express January weekly 87 straddle priced for 2.2% movement into Q4
15:03 EDTAXPEarnings Preview: American Express to report results amid upbeat credit trends
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13:40 EDTAXPAmerican Express technical notes ahead of results
The shares have been trading largely in a range of $85 to $95 for the past year with the exception of the market dip last October. A breakout above $95 or a breakdown below $85 may therefore be important for gauging how shares will trade post-earnings. At the current price of $87.29, the $85 level is close by and on a disappointment may well best tested. Support below $85 is at $82.86 and $81.35. On a positive surprise, it would be a stretch for the stock to make it above the top of the range at $95 in one step. A failure to break out above $95 would leave the shares range-bound, but potentially with a new range, higher, low. Resistance levels to watch as potential upside objective are at $90.90, $93.30, and $95. On an extreme positive surprise a test of the 52-week high at $96.24 could take place. A breakdown below $85 would be longer-term bearish for price.
13:38 EDTVEarnings Preview: eBay shares rise over 5.5% since last earnings report
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January 20, 2015
11:58 EDTAXPAmerican Express volatility increases into Q4 and outlook
American Express January weekly call option implied volatility is at 37, February is at 27, March is at 20; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on January 21.
09:44 EDTMA, VSupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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January 16, 2015
09:44 EDTMAUSA Technologies enters pact with MasterCard
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January 15, 2015
12:03 EDTAXPAmerican Express reports December write-off rate 1.3% vs. 1.4% last month
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January 14, 2015
07:28 EDTMAMasterCard announces global partnership with Masabi
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January 12, 2015
09:34 EDTMAActive equity options trading
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07:35 EDTAXPNational Retail Federation to hold a trade show
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06:35 EDTV, MA, AXPObama to press for law requiring disclosure of hacking, NY Times says
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