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Stock Market & Financial Investment News

News Breaks
June 17, 2014
08:51 EDTVEEVVeeva management to meet with Deutsche Bank
Meeting to be held in Boston on June 17 hosted by Deutsche Bank.
News For VEEV From The Last 14 Days
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November 25, 2015
16:49 EDTVEEVOn The Fly: Top stock stories for Wednesday
Stocks began Wednesday in positive territory and remained higher for much of the day before dipping slightly near close. The averages moved in a narrow range as investors digested a host of economic data, including reports on consumer confidence, jobless claims and housing, none of which moved the market in any discernible way ahead of the Thanksgiving holiday. ECONOMIC EVENTS: In the U.S., several days of economic reports were compressed into a single, busy morning. Jobless claims for the week ended November 21 fell to 260,000 against expectations for 270,000 first-time claims. Personal income rose 0.4% in October, matching expectations, while spending rose 0.1% versus estimates for a 0.3% increase. Meanwhile, durable goods orders were up 3% last month versus expectations for up 1.7%. Removing transportation items showed a core reading of up 0.5% against estimates for 0.3%. The FHFA home price index rose 0.8% in September to 226.5, while Markit's services index improved to 56.5 in the flash reading for November, topping the 55.1 forecast. New home sales rose 10.7% to a 495,000 rate in October. Consumer sentiment rose to 91.3 in the final November print of the University of Michigan survey, up from October's 90.0 reading but down from the preliminary November reading of 93.1. COMPANY NEWS: Shares of HP Inc. (HPQ) and HP Enterprise (HPE) headed in opposite directions following the final combined earnings report of the recently-split companies. HP Inc., which was downgraded to Hold at research firm Needham following last night's report, ended the session down 13.63% to $12.65. Meanwhile, HP Enterprise, which also announced a cloud partnership with Microsoft (MSFT), gained 3.14% to $14.12... Deere (DE), which reported better than expected earnings and issued a 2016 sales outlook matching estimates, gained 4.79% to $80 following its quarterly report. MAJOR MOVERS: Among the notable gainers was Tesla (TSLA), which advanced $11.39, or 5.22%, to $229.64 after research firm Credit Suisse reiterated its Outperform rating and $325 price target on the shares, saying the carmaker's January volume report should positively address investor fears over its fourth-quarter performance and Model X production ramp. Also higher was American Capital (ACAS), which gained $1.32, or 9.50%, to $15.22 after expanding its stock buyback program and announcing a strategic review of the company, including a possible sale. Additionally, Veeva (VEEV) jumped 5.01% to $28.73 following its quarterly numbers, which prompted analysts at both JPMorgan and Canaccord to raise their price targets on the stock. Among the noteworthy losers was PTC Therapeutics (PTCT), which declined $2.23, or 7.02%, to $29.52 after Jefferies analyst Gena Wang downgraded the stock to Underperform, saying yesterday's FDA panel for BioMarin's (BMRN) competing muscular dystrophy drug is a negative for PTC. BioMarin, meanwhile, slipped 1.78% to $96.06 for the day, while Sarepta (SRPT), also competing in the same therapeutic space, was up fractionally to $37.49. Also lower were SunEdison (SUNE) and TerraForm Power (TERP), which crashed a respective 21.6% and 17.67% after research firm UBS downgraded both stocks on "considerable" risks suggested by recent management changes at Terraform. TerraForm Global (GLBL), meanwhile, plunged 21.26% to $4.11. Separately, Dow Chemical (DOW) slipped 2.72% to $51.93 after the EPA withdrew approval for the company's Enlist Duo herbicide. INDEXES: The Dow rose 1.20, or 0.01%, to 17,813.39, the Nasdaq gained 13.33, or 0.26%, to 5,116.14, and the S&P 500 slipped 0.27, or 0.01%, to 2,088.87.
07:37 EDTVEEVVeeva should be considered a worthwhile growth investment, says Canaccord
Canaccord said investors should consider Veeva a worthwhile mid-cap growth investment. The firm noted the company's solid Q3 earnings beat and its set up heading into next year regarding revenue, earnings, and free cash flow growth. Canaccord reiterated its Buy rating and raised its price target to $35 from $33 on Veeva shares.
05:55 EDTVEEVVeeva Q3 results 'just what the stock needed,' says JPMorgan
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November 24, 2015
19:26 EDTVEEVOn The Fly: After Hours Movers
UP AFTER EARNINGS: Veeva Systems (VEEV), up 7.1%... Guess (GES), up 4.7%... HP Enterprise (HPE), up 2%. ALSO HIGHER: Aduro BioTech (ADRO), up 2.8% after confirming that all clinical trials are continuing unaltered as planned... Prima BioMed (PBMD), up 1.6% after filing its investor update ahead of its General Meeting. DOWN AFTER EARNINGS: HP Inc. (HPQ), down 7.4% after reporting quarterly results.
16:06 EDTVEEVVeeva sees FY15 EPS 46c-47c, consensus 46c
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16:05 EDTVEEVVeeva sees Q4 EPS 11c, consensus 10c
Sees Q4 revenue $109M-$111M, consensus $110M.
16:04 EDTVEEVVeeva reports Q3 EPS 12c, consensus 11c
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15:23 EDTVEEVNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include HP Enterprise (HPE), consensus 52c... Hewlett-Packard (HPQ), consensus 45c... Veeva (VEEV), consensus 11c... Guess (GES), consensus 11c... Caleres (CAL), consensus 78c... TiVo (TIVO), consensus 8c.

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