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Stock Market & Financial Investment News

News Breaks
July 11, 2014
12:36 EDTWFC, LO, RAI, AMZN, MTG, RCII, JOEZOn The Fly: Midday Wrap
Stocks on Wall Street were mixed and fairly flat at midday as fears about Europe's periphery may have lessened a bit after stock markets in Portugal rebounded, though they have not left the picture by any means. The day's big events stateside, including the earnings report from Wells Fargo (WFC) and the confirmation that Lorillard (LO) and Reynolds American (RAI) are in talks about a potential tie-up, have not been enough so far to encourage buyers to step in with conviction. ECONOMIC EVENTS: In the U.S., no economic data was reported early in the session. The June federal budget statement is expected to be released at 2:00 pm ET, with analysts predicting a $79.0B surplus for the month. COMPANY NEWS: Shares of Wells Fargo, the nation’s largest mortgage lender and the first major U.S. bank to report on its second quarter results, slipped xx% near noon after posting earnings of $1.01 a share that matched analysts' consensus forecast. Wells did note that its credit performance continued to improve in Q2 and CEO John Stumpf said he is "optimistic about the future" for the bank... Lorillard advanced 3%, while Reynolds American fell 2%, after the two cigarette makers confirmed earlier today that they are holding talks about a possible merger, as has been speculated by various media reports in recent weeks. MAJOR MOVERS: Among the notable gainers was Amazon.com (AMZN), which climbed 4.5% after consulting firm ChannelAdvisor (ECOM) reported that the company's same-store sales growth had accelerated significantly in June compared with May. Also higher was Joe's Jeans (JOEX), which rose 16% and was upgraded to Buy at B. Riley following the company's Q2 earnings report. Among the noteworthy losers was Rent-A-Center (RCII), which plunged 11% after the company warned that its revenue and earnings for Q2 will not meet expectations. Also lower was MGIC Investment (MTG), which fell nearly 11% and was removed from Goldman's Conviction Buy list due to increased uncertainty from the release of the FHFA's proposed private mortgage insurer eligibility requirements. INDEXES: Near midday, the Dow was down 26.29, or 0.16%, to 16,888.78, the Nasdaq was up 5.66, or 0.13%, to 4,401.86, and the S&P 500 was down 2.71, or 0.14%, to 1,961.97.
News For WFC;LO;RAI;AMZN;MTG;RCII;JOEZ From The Last 14 Days
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October 21, 2014
07:10 EDTRAIReynolds American still sees FY14 adjusted EPS $3.35-$3.45, consensus $3.38
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07:09 EDTRAIReynolds American reports Q3 adjusted EPS 95c, consensus 91c
Reports Q3 revenue $2.24B, consensus $2.19B.
07:09 EDTRAIReynolds American reaffirms FY guidance
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06:49 EDTAMZNAmazon.com volatility elevated into Q3 and outlook
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October 20, 2014
16:24 EDTRCIIRent-A-Center backs FY14 guidance provided during Q2
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16:23 EDTRCIIRent-A-Center reports Q3 EPS 48c, consensus 47c
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16:00 EDTAMZNOptions Update; October 20, 2014
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15:40 EDTAMZNAmazon in new contract with Simon & Schuster, WSJ reports
Amazon.com (AMZN) and CBS’s (CBS) Simon & Schuster unit have reached a new multi-year print and digital contract that replaces an existing one set to expire in two months, according to The Wall Street Journal, citing people familiar with the situation. Details of the new contract couldn’t be immediately learned, but the report notes that a person close to the talks said that the new deal “is good for both companies” and that Simon & Schuster is “very happy” with the pact. Reference Link
15:36 EDTRAINotable companies reporting before tomorrow's open
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15:30 EDTRCIINotable companies reporting after market close
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12:01 EDTAMZNNetflix, Amazon recomended as short ideas by Fred Wilson, Bloomberg reports
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10:44 EDTJOEZVF Corp dips lower after Q3 earnings miss consensus expectations
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10:38 EDTRCIIHigh option volume stocks
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05:59 EDTAMZNStocks with implied volatility above IV index mean; DISH AMZN
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October 17, 2014
16:55 EDTWFCStocks end volatile week lower amid oil price plunge
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16:01 EDTAMZNOptions Update; October 17, 2014
iPath S&P 500 VIX Short-Term Futures down 1.75 to 38.58 Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
09:22 EDTAMZNAmazon.com volatility elevated into Q3 and outlook
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06:45 EDTWFCWells Fargo closes alternative trading system, Reuters says
In response to weak client demand, Wells Fargo is shutting down its "dark pool" trading system, according to Reuters, citing a spokeswoman from the bank. The spokeswoman said that even though the firm will cease offering alternative trading access, it will still offer customers electronic trading tools. Reference Link
06:22 EDTAMZNStocks with implied volatility above IV index mean; GT AMZN
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06:03 EDTAMZNAmazon Fresh now available in select areas in New York
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