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Stock Market & Financial Investment News

News Breaks
April 18, 2013
12:33 EDTVZ, ACI, BTU, THRX, PM, UNH, UNP, PPG, PEP, MS, AAPL, ANROn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday despite the number of unemployment claims being little changed from last week. Stocks began the session slightly above yesterday’s close but turned mixed within a few minutes of trading. The latest set of corporate earnings released this morning was generally in-line with expectations, as was the weekly jobless claims data. The selling picked up as rumors spread of a possible failure of a French bank, which then was disputed. The averages have moved violently up and down in alternating fashion in the first three sessions of this week, but if the levels near noon hold, the pattern may break and a second down day may be in store for stocks. ECONOMIC EVENTS: In the U.S., weekly jobless claims rose 4K from the prior week to 352K, which was close to the forecast for 350K. The Philadelphia Fed's General Business Conditions Index for April came in at 1.3, versus expectations for a 3.3 figure. The leading economic indicators fell 0.1% in March to 94.7, versus expectations for a 0.2% rise. COMPANY NEWS: Among the number of large cap companies reporting earnings today before the market opened, PPG (PPG), PepsiCo (PEP), Union Pacific (UNP) and Verizon (VZ) were among the advancers, while Morgan Stanley (MS), UnitedHealth (UNH) and Philip Morris (PM) all declined... Apple (AAPL) fell nearly 2% near noon and crossed below $400 per share for the second straight trading day, after BMO Capital lowered its price target on shares and Piper Jaffray said information from Verizon's report indicates Apple may report March quarter revenue at the low end of guidance. MAJOR MOVERS: Among the notable gainers was Theravance (THRX), which rose 16% after an FDA committee recommended approval of Breo Ellipta for COPD. Also higher were shares of Peabody Energy (BTU), up 8% following its quarterly report, and peers Arch Coal (ACI) and Alpha Natural Resources (ANR), which gained as well after Peabody's results and commentary on the coal market. Among the noteworthy losers was Exact Sciences (EXAS), which fell 21% after the company announced that its colorectal cancer screening test was able to detect the presence of pre-cancerous polyps 42% of the time during a clinical trial. Also lower was Ultratech (UTEK), which fell 13% after reporting revenue that missed expectations and saying its revenue in the current quarter could fall another 25%. INDICES: Near midday, the Dow was down 50.72, or 0.35%, to 14,567.87; the Nasdaq was down 26.23, or 0.82%, to 3,178.44; and the S&P 500 was down 6.86, or 0.44%, to 1,545.15.
News For VZ;AAPL;MS;PEP;PPG;UNP;UNH;PM;THRX;BTU;ACI;ANR From The Last 14 Days
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July 10, 2014
16:00 EDTAAPLOptions Update; July 10, 2014
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15:11 EDTVZVerizon Q2 postpay net adds beat expectations, says Wells Fargo
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14:14 EDTAAPLChinese telecom companies to cut marketing spending, WantChinaTimes says
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13:44 EDTVZVerizon CEO says added over 1.4M postpaid subscribers in Q2
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13:40 EDTVZVerizon CEO calls Q2 'strong,' says not interested in satellite company
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13:16 EDTVZVerizon CEO says not interested in buying satellite company
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10:27 EDTAAPLInvenSense likely won designs across Apple product lines, says Rosenblatt
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10:05 EDTUNHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AuRico Gold (AUQ) downgraded to Hold from Buy at Canaccord... Cincinnati Bell (CBB) downgraded to Underperform from Neutral at BofA/Merrill... Eldorado Gold (EGO) downgraded to Hold from Buy at Canaccord... Fortuna Silver Mines (FSM) downgraded to Hold from Buy at Canaccord... Gerdau (GGB) downgraded to Neutral from Overweight at JPMorgan... Hi-Crush Partners (HCLP) downgraded to Neutral from Buy at Ladenburg... Ingredion (INGR) downgraded to Equal Weight from Overweight at Stephens... Investors Bancorp (ISBC) downgraded to Neutral from Buy at Guggenheim... Lumber Liquidators (LL) downgraded to Hold from Buy at Jefferies... Mid-America Apartment (MAA) downgraded to Underweight at Morgan Stanley... Northern Tier (NTI) downgraded to Neutral from Outperform at Macquarie... S&T Bancorp (STBA) downgraded to Neutral from Buy at Guggenheim... T. Rowe Price (TROW) downgraded to Equal-Weight from Overweight at Evercore... Tahoe Resources (TAHO) downgraded to Hold from Buy at Canaccord... Tractor Supply (TSCO) downgraded to Market Perform from Outperform at William Blair... UnitedHealth (UNH) downgraded to Hold from Buy at Jefferies... Waddell & Reed (WDR) downgraded to Neutral from Buy at Citigroup... Washington Trust Bancorp (WASH) downgraded to Neutral from Buy at Guggenheim.
09:56 EDTAAPLApple reportedly orders 68M iPhone 6 units, Mac Rumors reports
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09:36 EDTAAPLActive equity options trading on open
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09:20 EDTMSMorgan Stanley, Lazard recommended at Bernstein
Bernstein recommends Morgan Stanley (MS) and Lazard (LAZ) for their exposure to high margin investment banking. The firm also likes Morgan Stanley because of its exposure to wealth management.
08:43 EDTUNHUnitedHealth July volatility elevated into Q2 and guidance
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08:10 EDTAAPLMorgan Stanley's Vintage Values 2015 list selected
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07:54 EDTAAPLTSMC begins shipping microprocessors to Apple, WSJ reports
TSMC (TSM) has begun shipping microprocessors to Apple (AAPL) for use in smartphones and tablets, reports the Wall Street Journal. According to people familiar with the matter, TSMC began shipping the microprocessors in Q2 and agreed to work together on more advanced chips next year. Reference Link
07:11 EDTUNHAetna, WellPoint top large-cap Managed Care picks at Jefferies
Jefferies calls Aetna (AET) and WellPoint (WLP) its favorite large-cap picks in the Managed Care space, with Health Net (HNT) its favored name in the small to mid-cap space. The firm believes the market is already expecting strong Q2 results from the sector, and it downgraded UnitedHealth (UNH) to Hold from Buy on valuation and below-peer earnings growth. Jefferies has Buy ratings on Aetna, Health Net, Molina Healthcare (MOH) and WellPoint.
06:26 EDTAAPLTablet quarterly shipments fall for first time to 56M on year, DigiTimes says
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06:23 EDTUNHHealth insurers moving away from fee for service model, NY Times reports
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06:18 EDTAAPLIDC: PC shipments in mature regions stabilizes market in Q2, DigiTimes
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05:57 EDTAAPLApple wins EU trademark for store layouts, AP reports
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05:43 EDTUNHUnitedHealth downgraded to Hold from Buy at Jefferies
Jefferies downgraded UnitedHealth to Hold with an $87 price target saying the market is already pricing in upside to Q2 estimates.
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