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Stock Market & Financial Investment News

News Breaks
January 8, 2013
06:27 EDTVRSN, FCXStocks with implied volatility below IV index mean; VRSN KSS
Stocks with implied volatility movement; VeriSign (VRSN), Freeport McMoRan (FCX) according to iVolatility.
News For VRSN;FCX From The Last 14 Days
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July 25, 2014
12:51 EDTVRSNOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday and on track to end a week marked by a torrent of earnings reports on a definite down note. Some high-profile disappointments weighed on the major averages, as Visa (V) and Amazon.com (AMZN) both fell significantly after their quarterly reports last night, dragging on the Dow and Nasdaq, respectively. The domestic economic calendarís sole release of consequence, the durable goods orders report, came out before the open and was better than expected, but that did little to brighten the market's negative tone. ECONOMIC EVENTS: In the U.S., durable goods orders rebounded 0.7% in June after a 1.0% decline in the prior month, beating expectations for June increase of 0.5%. COMPANY NEWS: Shares of Amazon.com fell 10% after the e-commerce giant reported in-line second quarter revenue but a much higher than expected loss. A number of analysts responded to the news by downgrading the stock, while several others cut their price targets on the shares... Visa reported Q3 earnings per share and revenue that topped consensus forecasts, but its fiscal year EPS growth outlook was trimmed its fiscal year revenue growth view to be in the 9-10% range from its prior forecast for low double-digit constant revenue growth in the 10-11% range. Shares of the Dow Jones Industrial Average component slid 4% following the report and guidance. MAJOR MOVERS: Among the notable gainers following their earnings reports were Datalink (DTLK), which jumped 17%, Mellanox (MLNX), which rose 13%, and VeriSign (VRSN), which gained 11%. Among the noteworthy losers was WellCare (WCG), which plunged 20% after the managed care company pre-announced significantly weaker than expected results. Also lower following their earnings reports were Swift Transport (SWFT), which fell nearly 15%, and Pandora (P), which dropped about 13%. INDEXES: Near midday, the Dow was down 131.61, or 0.77%, to 16,952.19, the Nasdaq was down 24.45, or 0.55%, to 4,447.66, and the S&P 500 was down 9.04, or 0.45%, to 1,978.94.
10:30 EDTFCXFreeport announces resumption of exports from Indonesian subsidiary
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10:28 EDTFCXFreeport announces resumption of exports from Indonesian subsidiary
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10:02 EDTVRSNOn The Fly: Analyst Upgrade Summary
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06:21 EDTVRSNVeriSign upgraded to Neutral from Sell at Citigroup
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06:20 EDTVRSNVeriSign sees 2014 revenue $1.003B-$1.012B vs. previous $1.0B-$1.015B
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July 24, 2014
16:30 EDTVRSNVeriSign boosts share buyback program by $491M to $1B
VeriSign said its board yesterday approved an additional authorization for share repurchases of approximately $491M of common stock, which brings the total amount to $1B authorized and available under Verisign's share buyback program, which has no expiration.
16:28 EDTVRSNVeriSign reports Q2 EPS 68c, consensus 64c
Reports Q2 revenue $250.4M, consensus $251.69M.
10:03 EDTFCXOn The Fly: Analyst Downgrade Summary
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07:45 EDTFCXFreeport McMoRan downgraded at BofA/Merrill
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07:22 EDTVRSNVeriSign August volatility elevated into Q2 and outlook
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06:10 EDTFCXFreeport McMoRan downgraded to Neutral from Buy at BofA/Merrill
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July 23, 2014
10:40 EDTFCXFreeport McMoRan expects $4B-$5B in asset sales to accelerate debt reduction
Meanwhile, Freeport McMoRan expects to buy additional interest in deepwater Gulf of Mexico in hundreds of millions to add to the company's potential. The company says delays in obtaining approvals would result in monthly deferral of 50M lbs of copper and 80,000 ounces of gold. It sees positive global demand for the copper market, with China remaining solid. It sees the market will be helped by general economic recovery and Europe gradually strengthening from a low base. The supply side will create tightness, however, as more companies defer projects. The long-term fundamentals for copper, though, support a positive outlook. Expects first production at Lucius to be in 2H14 with a potential of more than 300 MMBoe gross resource potential. Expects first production at Heidelberg to be in mid-2016 with 200-400 MMBoe gross resource potential. Comments taken form Q2 earnings conference call.
08:13 EDTFCXFreeport McMoRan says encouraged by talks with the Indonesian government
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08:08 EDTFCXFreeport McMoRan sees FY14 operating cash flows $6.8B
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08:06 EDTFCXFreeport McMoRan sees Q3 copper sales 1.1B lb, gold sales 445K oz
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08:05 EDTFCXFreeport McMoRan sees FY14 copper sales 4.1B lb, 1.3M oz gold
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08:03 EDTFCXFreeport McMoRan reports Q2 EPS 46c, consensus 51c
Reports Q2 revenue $5.52B, consensus $5.34B. Consolidated sales for Q2 totaled 968M pounds of copper, 159K ounces of gold, 25M pounds of molybdenum and 16.0M barrels of oil equivalents, compared with 2Q13 sales of 951M pounds of copper, 173K ounces of gold, 23M pounds of molybdenum and 5.0 MMBOE reflecting oil and gas results beginning June 1, 2013.
July 22, 2014
15:30 EDTFCXNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PepsiCo (PEP) , consensus $1.23; Boeing (BA), consensus $2.01; Dow Chemical (DOW), consensus 72c; EMC (EMC), consensus 43c; Simon Property Group (SPG), consensus $2.13; Thermo Fisher (TMO), consensus $1.62; General Dynamics (GD), consensus $1.77; Freeport-McMoRan (FCX), consensus 49c; Delta Air Lines (DAL), consensus $1.04; Northrop Grumman (NOC), consensus $2.22; Whirlpool (WHR), consensus $2.91; B/E Aerospace (BEAV), consensus $1.07; Ryder (R), consensus $1.40; Owens Corning (OC), consensus 46c.
14:08 EDTFCXEarnings Preview: Freeport McMoRan sentiment positive ahead of Q2 report
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