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Stock Market & Financial Investment News

News Breaks
July 29, 2014
09:17 EDTSIMO, VSI, YNDX, AFOP, MAS, KLIC, IDTI, PLUG, DRI, UPS, VZ, CGNX, ARWR, CAMT, HLF, CTL, WIN, TCPC, WMT, GNC, FTR, TOn The Fly: Pre-market Movers
HIGHER: Windstream (WIN), up 32% after announcing plans to spin off its telecom assets into a publicly traded REIT. Shares of AT&T (T) and Verizon (VZ) are trading higher in the pre-market following Windstream's news, as are CenturyLink (CTL) and Frontier Communications (FTR)... Darden Restaurants (DRI), up 3.8% following the company's announcement that chairman and CEO Clarence Otis will step down and the board will separate the chairman and CEO roles... Plug Power (PLUG), up 10.9% after confirming follow-on GenKey order from Wal-Mart (WMT)... Arrowhead Research (ARWR), up 8% following positive comments made by CEO Christopher Anzalone in an interview on CNBC last night. UP AFTER EARNINGS: Cognex (CGNX), up 15%... Camtek (CAMT), up 19%... Silicon Motion (SIMO), up 8%... Masco (MAS), up 7%... Kulicke & Soffa (KLIC), up 4%... Yandex (YNDX), up 4.6%... Integrated Device (IDTI), up 8%. LOWER: UPS (UPS), down 3% after reporting on Q2, lowering FY14 adjusted EPS outlook... Alliance Fiber Optic (AFOP), down 12.6% after downgraded at B. Riley following the company's Q2 earnings results... TCP Capital (TCPC), down 3.6% after filing to sell $5.4M shares of common stock. DOWN AFTER EARNINGS: Herbalife (HLF), down 12.2%... GNC Holdings (GNC), down 6.2%. Peer Vitamin Shoppe (VSI) also down 3% after GNC's report.
News For WIN;VZ;T;CTL;UPS;FTR;HLF;DRI;GNC;CAMT;PLUG;WMT;ARWR;IDTI;TCPC;CGNX;SIMO;MAS;YNDX;KLIC;AFOP;VSI From The Last 14 Days
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November 14, 2014
07:37 EDTWMTWal-Mart price target raised to $91 from $83 at UBS
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07:27 EDTWMTWal-Mart price target raised to $92 from $82 at BofA/Merrill
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06:49 EDTWMTWal-Mart downgraded to Underperform from Market Perform at BMO Capital
November 13, 2014
16:36 EDTWMTOn The Fly: Closing Wrap
Stocks on Wall Street saw another day of relatively quiet trading in a tight range, but the major averages once again finished the session higher than where they'd began. The Dow, powered by the post-earnings advance from Wal-Mart (WMT), led and closed at a new all-time high for the third time in the last four days. ECONOMIC EVENTS: In the U.S., initial jobless claims rebounded 12K to 290K in the week ending November 8, versus expectations for 280K first-time claims. The Job Openings and Labor Turnover Survey, or JOLTs report, showed job openings fell to 4.335M in September, versus the consensus forecast for 4.8M openings. The Treasury reported a $121.7B budget deficit for October, versus the consensus deficit forecast of $117B. COMPANY NEWS: Wal-Mart led the Dow, advancing $3.74, or 4.72%, to $82.94 after the world's largest retailer's earnings beat expectations and it reported U.S. comparable store sales grew 0.5% during the just-completed quarter... Warren Buffett’s Berkshire Hathaway (BRK.A) agreed to acquire the Duracell battery business from Procter and Gamble (PG) via a stock swap. In exchange for a recapitalized Duracell company, which will include approximately $1.7B in cash at closing, P&G will receive shares of its own common stock currently held by Berkshire having a current value of approximately $4.7B, the companies announced. Shares of Procter & Gamble, which also guided to FY15 core EPS growth in a mid-single digit percentage range, fell 88c, or 0.98%, to $88.60 after the deal was announced and guidance was issued. MAJOR MOVERS: Among the notable gainers was Baker Hughes (BHI), which surged $7.77, or 15.24%, to $58.75 after The Wall Street Journal said the company is in fast-moving talks to be acquired by larger peer Halliburton (HAL), which also rose 56c, or 1.05%, to $53.79 following the report. Also higher was DreamWorks Animation (DWA), which jumped $3.15, or 14.08%, to $25.52 after several media outlets reported that the animated movie maker company was in talks about selling itself to toy maker Hasbro (HAS). Hasbro shares fell $2.49, or 4.33%, to $54.98 following the reports. Also lower were shares of Revance (RVNC), which fell $4.93, or 23.48%, to $16.07 after the company said last night that the preliminary results from its ongoing open-label study suggest it still has "some work to do" to increase the probability of success for its upcoming Phase 3 pivotal program for RT001. INDEXES: The Dow rose 40.59, or 0.23%, to 17,652.79, the Nasdaq gained 5.01, or 0.11%, to 4,680.14, and the S&P 500 added 1.08, or 0.05%, to 2,039.33.
14:28 EDTUPSUPS confirms FY14 adjusted EPS view $4.90-$5.00, consensus $4.96
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13:54 EDTUPSUPS sees repurchasing over $15B over next five years
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13:31 EDTUPSUPS down 1% as analyst day meeting continues
UPS gave FY15 and long-term guidance during the meeting.
13:30 EDTUPSUPS targets EPS growth of 9%-13% from 2015-2019
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13:25 EDTUPSUPS sees FY15 U.S. Domestic revenue up 5%-6%
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13:21 EDTUPSUPS sees FY15 EPS $5.45-$5.70, consensus $5.71
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12:44 EDTWMTOn The Fly: Midday Wrap
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11:07 EDTTGogo interested in buying AT&T spectrum, RGN reports
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09:40 EDTWMTActive equity options trading
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08:35 EDTDRIDarden announces corporate governance reforms
Darden Restaurants is implementing a number of reforms and the board has also recommended changes that would require shareholder approval at the company's 2015 Annual Meeting of Shareholders. The changes include, but are not limited to: termination of the company's Shareholder Rights Plan – the company has eliminated the Poison Pill by amending the Rights Agreement to expire on November 28, 2014 rather than May 25, 2015; the company has adopted a majority voting standard in uncontested elections; the company has amended its political engagement and disclosure policy to provide additional disclosure of its political contributions and lobbying efforts; the board has resolved to recommend for shareholder approval, at the company's next annual meeting, an amendment to the Charter to provide a 10% voting threshold to call a special meeting; the board has recommended for shareholder approval an amendment to the relevant provisions of the Charter to eliminate the supermajority requirement. The board also adopted a revised peer group for compensation benchmarking, which better matches the company's size and profile. This new peer group will assist the board in further aligning compensation practices with shareholder interests.
07:52 EDTVZVerizon plans to cut 1K jobs via buyouts, Bloomberg says
Verizon plans to cut about 1,000 jobs, which would represent less than 1% of its workforce, through buyout offers by the end of the year, according to Bloomberg, citing a person with knowledge of the plan. Reference Link
07:19 EDTWMTWal-Mart up 1.3% to $80.25 in pre-market following Q3 earnings beat
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07:07 EDTWMTWal-Mart sees Q4 EPS $1.46-$1.56, consensus $1.57
For the 13-week period ending Jan. 30, 2015, Walmart U.S. expects comp store sales to be between flat and 1%. Sam's Club expects comp sales, excluding fuel, for the 13-week period to be between flat and 2%.
07:06 EDTWMTWal-Mart narrows FY14 EPS view to $4.92-$5.02 from $4.90-$5.15
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07:03 EDTWMTWal-Mart reports Q3 continuing ops EPS $1.15, consensus $1.12
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06:09 EDTWMTWal-Mart Canada planning to cut 200 jobs, Globe and Mail reports
Wal-Mart Canada is planning to cut 200 jobs, mostly at its head office in Mississauga, the Globe and Mail reports. The reduction is expected to be announced next week and follows disappointing earnings at the Wal-Mart unit over the past few quarters. Reference Link
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