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Stock Market & Financial Investment News

News Breaks
April 18, 2013
12:33 EDTBTU, UNH, PEP, VZ, ANR, THRX, UNP, MS, ACI, PM, PPG, AAPLOn 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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June 24, 2015
09:18 EDTAAPLApple June quarter iPhone demand strong, says Morgan Stanley
Morgan Stanley's AlphaWise survey indicates 53M iPhone unit demand for the June quarter, unchanged from last month's reading. The firm adds that Apple Watch demand has sustained healthy levls after the initial spike and investor expectations for iPhone and Watch growth are low. Morgan Stanley rates Apple an Overweight with a $166 price target.
07:45 EDTAAPLSharp asking suppliers to cut prices for LCD parts, WSJ says
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06:35 EDTUNHUnitedHealth initiated with an Outperform at RBC Capital
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06:12 EDTAAPLiPhone 6 resale value suggests strong demand, says Piper Jaffray
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06:00 EDTAAPLGoogle held 29 high-level meetings in Brussels in 6 months, Financial Times says
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05:42 EDTUNHCatamaran downgraded to Neutral from Buy at UBS
UBS downgraded Catamaran (CTRX) to Neutral saying the stock new fully reflects the UnitedHealth (UNH) takeover deal terms. UnitedHealth management in recent meetings expressed confidence that its pending $61.50 per share purchase of Catamaran will still close in the second half of 2015, UBS tells investors.
June 23, 2015
19:31 EDTVZT-Mobile petitions FCC to deny certain AT&T spectrum licenses
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18:27 EDTAAPLLiquidmetal, Apple extend intellectual property agreement
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18:00 EDTBTU, VZS&P announces changes to the S&P 400, 500, 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: Columbia Pipeline Group (CPGX) will replace Allegheny Technologies (ATI) in the S&P 500, Allegheny Technologies will replace Unit Corp. (UNT) in the S&P MidCap 400, and Unit Corp. will replace PetroQuest Energy (PQ) in the S&P SmallCap 600 after the close of trading on Wednesday, July 1. S&P 500 constituent NiSource (NI) is spinning off Columbia Pipeline Group in a transaction expected to be completed on that date. NiSource will remain in the S&P 500 following the distribution. Allegheny Technologies, Unit and PetroQuest are all ranked near or at the bottom of their current indices. S&P SmallCap 600 constituent Casey’s General Stores (CASY) will replace AOL (AOL) in the S&P MidCap 400, and Nektar Therapeutics (NKTR) will replace Casey’s General Stores in the S&P SmallCap 600 after the close of trading on Thursday, June 25. S&P 100 & 500 constituent Verizon (VZ) acquired AOL in a transaction completed today. TopBuild (BLD) will replace Aéropostale (ARO) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent Masco (MAS) is spinning off TopBuild in a transaction expected to be completed on that date. Masco will remain in the S&P 500 following the distribution. Aéropostale is ranked near the bottom of the S&P SmallCap 600. “New” Gannett Co. (GCI) will replace Quiksilver (ZQK) in the S&P SmallCap 600 after the close of trading on Friday, June 26. S&P 500 constituent Gannett Co. (GCI) is spinning off “new” Gannett Co. in a transaction expected to be completed on that date. Post spin, the parent company will change its name to TEGNA. and trade under the symbol “TGNA”. It will remain in the S&P 500 following the distribution. Quiksilver is ranked near the bottom of the S&P SmallCap 600. Cable ONE Inc. (CABO) will replace Peabody Energy (BTU) in the S&P MidCap 400 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Graham Holdings Company (GHC) is spinning off CableOne in a transaction expected to be completed on that date. Graham Holdings will remain in the S&P MidCap 400 following the distribution. Peabody Energy is ranked near the bottom of the S&P MidCap 400. The Chemours Co. (CC) will replace Semtech Corp. (SMTC) in the S&P MidCap 400, and Semtech will replace Paragon Offshore (PGN) in the S&P SmallCap 600 after the close of trading on Tuesday June 30. S&P 100 & 500 constituent E. I. du Pont de Nemours and Co. (DD) is spinning off Chemours in a transaction expected to be completed on that date. Dupont will remain in the S&P 100 & 500 following the distribution. Semtech and Paragon Offshore are ranked near or at the bottom of their current indices. “New “ Energizer Holdings (ENR) will replace Harsco (HSC) in the S&P MidCap 400, and Harsco will replace FXCM (FXCM) in the SmallCap 600 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Energizer (ENR) is spinning off “new” Energizer in a transaction expected to be completed on that date. Post spin, the parent company will change its name to Edgewell Personal Care Co. and trade under the symbol “EPC”. It will remain in the S&P MidCap 400 following the distribution. Harsco and FXCM are ranked near or at the bottom of their current indices.
17:25 EDTBTUCable ONE Inc. to replace Peabody in S&P 400 as of 6/30 close
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16:00 EDTAAPL, BTUOptions Update; June 23, 2015
iPath S&P 500 VIX Short-Term Futures down 46c to 17. Option volume leaders: AAPL FB AAPL T BAC MU BTU WMB AMZN TWTR BBRY
12:54 EDTAAPLPC concerns weighing on shares of Seagate, Western Digital
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09:36 EDTAAPLActive equity options trading on open
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09:00 EDTAAPLTelus, BCE, Rogers to roll out mobile payments app, Bloomberg reports
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08:42 EDTVZVerizon completes acquisition of AOL
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08:04 EDTAAPLApple Watch launch buzz lagging behind other devices, says Bernstein
After analyzing Internet search data, Bernstein estimates that the Internet "buzz" on the Apple Watch was only about 1/3 of the iPhone at its launch and about 1/4 of the iPod at its launch. Based on this data, the firm estimates that Apple will sell only 750,000 units of the Watch in Q3 and 1.3M in Q4. Nonetheless the firm thinks the Watch can be accretive to Apple's gross margins and could generate significant sales volumes going forward. Bernstein keeps a $142 price target and Outperform rating on Apple.
07:25 EDTUNHPiper Jaffray to hold a summit
2015 Piper Jaffray Heartland Summit is being held in Minneapolis on June 23-24.
06:53 EDTMSPSAV prepares for IPO that could raise roughly $300M, Bloomberg says
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06:05 EDTAAPLNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
05:56 EDTAAPLEarnings Watch: Analyst says BlackBerry's FY16 targets looking 'unttainable'
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