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Stock Market & Financial Investment News

News Breaks
July 29, 2014
09:17 EDTAFOP, MAS, KLIC, SIMO, VSI, YNDX, TCPC, WMT, GNC, FTR, T, IDTI, PLUG, DRI, UPS, VZ, CGNX, ARWR, CAMT, HLF, CTL, WINOn 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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August 27, 2015
12:58 EDTHLFHerbalife price target raised to $100 from $90 at Pivotal Research
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11:43 EDTTAT&T management to meet with
Meetings to be held in Boston/New York September 2-3 hosted by Jefferies.
11:25 EDTVZ, TSamsung Pay beta available on all U.S. carriers except Verizon, Verge reports
Samsung (SSNLF) Pay's beta is available on all major U.S. carriers, including AT&T (T), Sprint (S), T-Mobile (TMUS), and U.S. Cellular (USM), except for Verizon (VZ), the Verge reports. Verizon is "evaluating" Samsung Pay currently, and may very well miss the September 28th launch of the product, the report says. Reference Link
06:23 EDTWMTWal-Mart extends holiday layaway program two weeks, Reuters reports
Wal-Mart (WMT) plans to boost its holiday layaway program by two weeks ahead of an expected year-end demand for Star Wars toys, a Disney (DIS) property, Reuters reports. The retailer will jumpstart the program on August 28, two weeks earlier than last year, the report says, citing comments from Anne Marie Kehoe, VP of toys at Wal-Mart. Reference Link
05:36 EDTVZVerizon FiOS reaches agreement with Entertainment Studios
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August 26, 2015
14:52 EDTWMTWal-Mart phasing out sales of modern sport rifles, Washington Post says
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13:45 EDTTAT&T ends airport Wi-Fi ads experiment, Re/code reports
AT&T has ended serving ads to consumers using its free Wi-Fi at two Washington, D.C.-area airports, Re/code reports. The company told Re/code that it was conducting an experiment of "an ongoing effort to explore alternate ways to deliver a free Wi-Fi service that is safe, secure and fast." Reference Link
12:30 EDTTAT&T may need to choose between dividend and credit rating, CTFN reports
AT&T, despite acquiring DirecTV, may have to choose between maintaining its credit rating and its dividend in a few years as web video displaces satellite, CTFN reports, citing two credit analysts and a senior executive. AT&T has reduced the pressure from high dividend payments after the DirecTV purchase, but "it could be back in the same situation within three years if DirecTV's cash flow isn't sustainable," according to Mark Stodden, VP and senior credit officer at Moody's. AT&T spokesperson said that any suggestion that it needs to reduce its dividend "ignores the facts," the report says. Reference Link
07:09 EDTARWRVertex, Novavax among select biotechs to buy on weakness, says Piper Jaffray
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06:22 EDTVZGoogle fear Verizon, T-Mobile cell signs could crowd WiFi channels, WSJ says
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06:07 EDTVZVerizon confirms availability of hum to create connected driving experience
Verizon Telematics confirmed the commercial availability of hum, an aftermarket vehicle technology and subscription service that enables drivers on the road to make their car smarter through a simple solution regardless of their wireless service provider. First announced in January at the North American International Auto Show as Verizon Vehicle, hum provides subscribers with a self-installed solution that helps predict potential issues, prevents breakdowns and offers protection when problems do arise. At the simple press of a button, drivers receive diagnostic information, pinpoint roadside assistance and live consultation with ASE-certified mechanics and emergency personnel on-demand. Through GPS-based technology, hum helps accurately dispatch advanced roadside assistance, alerts emergency personnel of a car's location if a crash is detected, and assists authorities in locating a vehicle that has been reported stolen. Two year subscription plans start at $14.99 per month plus taxes, fees and equipment for the first vehicle with the option to add other vehicles for less.
06:02 EDTVZVerizon to announce Hum to connect older cars, The Verge reports
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August 25, 2015
14:20 EDTIDTIFormer JPMorgan analyst charged in $600,000 insider trading scheme
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08:00 EDTHLFTwitter wants to move Herbalife suit to California, NY Post reports
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06:25 EDTTAT&T to rebrand services in Mexico, WSJ reports
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05:59 EDTVZStocks with implied volatility movement; WMB VZ
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August 24, 2015
16:07 EDTAFOPAlliance Fiber Optic announces $25M stock repurchase program
Alliance Fiber Optic Products announced that its board has approved a stock repurchase program under which it will begin purchasing up to $25M of its outstanding shares of Common Stock. The duration of the repurchase program is open-ended.
16:00 EDTTOptions Update; August 24, 2015
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August 23, 2015
19:13 EDTT, VZBT executive says Verizon, AT&T abusing landline duopoly, FT reports
In a Financial Times interview published Sunday, BT Group's (BT) Americas president Bas Burger said Verizon (VZ) and AT&T (T) are abusing their control over telephone and broadband lines to charge inappropriate access fees to companies like BT. "For a western world country it is the worst I've seen... There is not sufficient regulation to create competition: almost all access is being provided by two companies and they have divided the country among themselves," remarked Burger, adding that the two companies are also not required to fix network problems within any specific timeframe. Reference Link
August 21, 2015
16:34 EDTWMTMarket enters correction territory in worst week in four years
For the week, stocks plummeted amid concerns about a slowing Chinese economy and declining oil prices. MACRO NEWS: Monday, the Empire State manufacturing index crashed to -14.92 in August after rebounding to 3.86 in July from June's -1.98. The consensus estimate was 4.75, and the surprising drop puts the index at its lowest point since April 2009... Meanwhile, the NAHB homebuilder sentiment index rose to 61 in August from 60 in June, matching consensus estimates... Tuesday, July housing starts edged up 0.2% to 1.206M, beating consensus estimates for 1.180M in the best reading since October 2007. Building permits, however, fell 16.3% to 1.119M against expectations for 1.230M, while single family starts rose 12.8% and multifamily numbers fell 17.0%... Wednesday, the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%... Meanwhile, FOMC minutes showed no definitive indication of a September rate hike... Thursday, initial jobless claims rose to 277,000 from a revised 273,000, bringing the 4-week moving average to 271,500... The Philadelphia Fed index rose 2.6 points to 8.3 in August, beating expectations for a 7.5 reading... Friday, the PMI Manufacturing Index Flash for August came in at a level of 52.9, below the prior level of 53.8 and the consensus level of 54.2. COMPANY NEWS: Monday, Liberty Interactive (QVCA) announced an agreement to acquire zulily (ZU) for $18.75 per share in a deal valuing the online shopping site at $2.4B. The acquisition will be attributed to Liberty's QVC tracking stock, though the companies specified that QVC and zulily will operate as separate brands... Amazon (AMZN) founder and CEO Jeff Bezos downplayed a recent New York Times critique of the company's workplace practices, telling employees in an email that "the article doesn't describe the Amazon I know or the caring Amazonians I work with every day..." Tuesday, Wal-Mart (WMT) cut its full year earnings outlook, with company executives on a subsequent conference call expressing confidence in China but noting that Brazil and U.K. remain challenging markets for the company... Wednesday, Seagate Technology (STX) agreed to acquire Dot Hill Systems (HILL) for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016... Thursday, Valeant (VRX) agreed to acquire Sprout Pharmaceuticals for roughly $1B in cash plus a profit-sharing agreement, adding that it expects to bring the company's recently-approved female sexual dysfunction drug Addyi to the U.S. by Q4... Friday, Steiner Leisure (STNR) entered into a definitive merger agreement where an affiliate of Catterton will acquire all of the outstanding shares of Steiner for $65 per share in cash. INDEXES: For the week, the Dow lost about 5.79% to close at 16,459.75, the Nasdaq declined about 6.71% to close at 4,706.04, and the S&P 500 fell about 5.73% to close at 1,970.89.
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