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Stock Market & Financial Investment News

News Breaks
April 13, 2012
16:16 EDTPWAV, AAPL, WFC, CSTR, GOOG, TLB, LNG, JPMOn The Fly: Closing Wrap
Stocks on Wall Street were lower, as a report that indicated slowing growth in China weighed on sentiment. Stock futures were lower in pre-market trading, leading to a lower open for the market. The selling gained momentum following the slightly disappointing University of Michigan consumer confidence reading. The averages pared their losses by midday but weakness in shares of Google (GOOG) and Apple (AAPL) kept the Nasdaq lagging the other averages. As the news flow began to slow the market drifted in a narrow range, until a late sell-off pushed the averages to new lows into the closing bell... ECONOMIC EVENTS: In the U.S., the headline consumer price index rose 0.3% in March, while the core reading which removes food and energy was up 0.2%, with both readings matching expectations. The consumer sentiment index fell to 75.7, versus expectations of 76.2. In China, the nation's gross domestic product grew at its slowest pace in three years, rising only 8.1%, when published forecasts were near 8.4% and "whisper numbers" for the growth rate were even higher. In Europe, the cost of insuring against a Spanish default jumped to an all-time record as investors fear the nation may become the fourth, and by far the largest, euro-region member to need a bailout... COMPANY NEWS: Wells Fargo (WFC) and JP Morgan (JPM), the nation's two largest home lenders, kicked off bank earnings season by reporting better than expected profits, with strong mortgage results helping revenue at both. However, both banks slid amid a broad decline in financial stocks, with Wells Fargo falling $1.18, or 3.47%, to $32.84 and JP Morgan losing $1.63, or 3.64%, to $43.21... Google's earnings beat consensus estimates but more attention was paid to the company's announcement of a novel new share structure. Google's creation of a new class of nonvoting shares, to be distributed to existing stockholders effectively producing a 2-for-1 stock split, will let the company issue new shares without diluting the founders’ voting power, which raised concern among corporate-governance watchdogs... MAJOR MOVERS: Among the notable gainers were Cheniere Energy (LNG), up $1.12, or 7.13%, to $16.82, ahead of the government's decision on the company's request to build a Louisiana plant to export liquefied natural gas, and Coinstar (CSTR), up $4.47, or 7.29%, to $65.78, after the company pre-announced higher than expected quarterly results. Noteworthy losers included Powerwave Technologies (PWAV), down 84c, or 39.07%, to $1.31, following its forecast of Q1 revenue well below the consensus estimate, and Talbots (TLB), down 46c, or 14.70%, to $2.67, after its Q4 results and Q1 guidance both disappointed... INDICES: The Dow lost 136.99, or 1.05%, to 12,849.59; the Nasdaq fell 44.22, or 1.45%, to 3,011.33; and the S&P 500 dropped 17.31, or 1.25%, to 1,370.26.
News For WFC;JPM;GOOG;AAPL;LNG;CSTR;PWAV;TLB From The Last 14 Days
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July 16, 2015
16:05 EDTGOOGGoogle reports Q2 non-GAAP operating margin 34% vs. 32% last year
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16:04 EDTGOOGGoogle revises income tax expense by $711M for incorrect classification
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16:02 EDTGOOGGoogle reports Q2 EPS $6.99, consensus $6.71
Reports Q2 revenue $17.73B, consensus $17.75B.
16:00 EDTJPM, AAPLOptions Update; July 16, 2015
iPath S&P 500 VIX Short-Term Futures down 1.17 to 16.52 Option volume leaders: NFLX AAPL BAC FB F INTC C EBAY AMZN GM JPM MU PFE BABA JD X
15:02 EDTGOOGNotable companies reporting after market close
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14:00 EDTGOOGGoogle July 572.5 straddle priced for 3.8% movement into Q2
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13:02 EDTGOOGEarnings Watch: Analysts positive on Google long-term outlook ahead of Q2 report
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11:53 EDTAAPLApple and Samsung in talks to launch e-sim card, Financial Times reports
Apple (AAPL) and Samsung (SSNLF) are in advanced talks to launch electronic sim cards, reports the Financial Times. The GSMA is close to announcing an agreement to produce an standardized embedded sim for consumer devices that would include the smartphone makers. Reference Link
11:18 EDTAAPLReport: Apple considers axing iPad mini product, Business Insider says
Apple may be ending its iPad mini to focus on other products and specifically its larger iPads, reports Business Insider, citing a Chinese-language Economic Daily News report. Apple may also push the launch of its next-generation iPad Air to next year to emphasize its larger iPad. Reference Link
11:17 EDTAAPLApple July weekly volatility elevated into Q3 and outlook
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10:00 EDTGOOGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Arc Logistics (ARCX) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Buy from Hold at Deutsche Bank... FreightCar America (RAIL) upgraded to Neutral from Sell at UBS... Frontier Communications (FTR) upgraded to Buy from Hold at Jefferies... Google (GOOG) upgraded to Outperform from Market Perform at BMO Capital... Intel (INTC) upgraded to Buy from Hold at Needham... Medtronic (MDT) upgraded to Buy from Neutral at BTIG... Netflix (NFLX) upgraded to Buy from Neutral at Rosenblatt... New Jersey Resources (NJR) upgraded to Buy from Hold at Argus... ONEOK Partners (OKS) upgraded to Outperform from Perform at Oppenheimer... Patterson-UTI (PTEN) upgraded to Overweight from Equal Weight at Morgan Stanley... SJM Holdings (SJMHY) upgraded to Overweight from Underweight at JPMorgan... Statoil (STO) upgraded to Buy from Neutral at Citi... SunOpta (STKL) upgraded to Outperform from Sector Perform at Scotia Howard Weil... Viacom (VIAB) upgraded to Neutral from Sell at Citi... Walgreens Boots Alliance (WBA) upgraded to Outperform from Neutral at Credit Suisse... Werner (WERN) upgraded on 'compelling' valuation at Wells Fargo... Wisconsin Energy (WEC) upgraded to Outperform from Neutral at Baird... voxeljet (VJET) upgraded to Overweight from Neutral at Piper Jaffray.
09:35 EDTAAPLActive equity options trading on open
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08:34 EDTAAPLSt. Jude Medical receives FDA approval for spinal cord stimulation trial system
St. Jude Medical (STJ) announced it received FDA approval of the Invisible Trial System. The system, which received CE Mark in June 2015, is fully wireless and leverages Apple (AAPL) technology for both the patient and physician controllers. The system is designed to provide patients a more improved and discreet spinal cord stimulation, or SCS, trial experience. "Patients undergoing SCS trials consistently tell us about challenges they find in navigating the SCS trial system, from programming the device, to discomfort from the programming cables, to management of both issues. These hindrances may impede the integration of the technology into their daily activities, which shifts their focus away from evaluating the effectiveness of SCS therapy,” said pain specialist Dr. Jason E. Pope, president of Summit Pain Alliance in Santa Rosa, California. “By providing a discreet trial system, St. Jude Medical will help patients focus more on their potential pain relief and functional improvements, and less about the burdens common to traditional trial systems.”
08:18 EDTAAPLSeveral stocks attractive following Intel results, says JMP Securities
For investors looking to take advantage of the sentiment shift the Intel (INTC) results could mean for the group and stronger demand due to seasonality and the Windows 10 launch, JMP Securities recommends Nvidia (NVDA) and Micron (MU). The firm says that both stocks have more attractive valuations and "more strategic roadmaps" than Intel. It also recommends Apple (AAPL) and Qualcomm (QCOM) as more attractive and secure dividend growth plays.
07:38 EDTGOOGGoogle July volatility elevated into Q2 and outlook
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07:22 EDTAAPLiPhone average selling prices may be underestimated by Street, says UBS
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07:19 EDTAAPLApple Q3 iPhone estimates raised at Stifel
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06:58 EDTAAPLApple applies for patent for wireless devices with solar cells
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06:46 EDTAAPLApple Watch to roll out in New Zealand July 31, AppleInsider reports
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06:45 EDTGOOGGoogle upgraded to Outperform from Market Perform at BMO Capital
BMO Capital analyst Daniel Salmon upgraded Google (GOOGL, GOOG) to Outperform from Market Perform and raised his price target for the stock to $670 from $570. The search giant's Class A shares closed yesterday down 22c to $583.96. The upgrade is not a call on tonight's quarterly results, but reflects a belief that second half of 2015 and 2016 estimates will move higher on margin stabilization, Salmon tells investors in a research note. A focus on investing in key growth areas coupled with a steady revenue outlook should drive Google shares higher, the analyst writes.
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