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Stock Market & Financial Investment News

News Breaks
August 14, 2014
12:30 EDTNDLS, RRGB, AAP, WMT, OVTI, CSCOOn The Fly: Midday Wrap
Stocks on Wall Street began the session in positive territory and have remained there throughout the morning. The averages have edged higher despite worse than expected U.S. jobless claims data, weak economic growth in Germany, and a lowered outlook from retail giant Wal-Mart (WMT). Each of the major indexes is drifting on light volume and the Dow, Nasdaq and S&P 500 are all higher by roughly 0.25%. ECONOMIC EVENTS: In the U.S., initial jobless claims rose to 311K in the second week of August, versus expectations for 295K claims. Import prices fell 0.2%, while export prices were flat in July. In Europe, growth in the shared currency zone stagnated, with Q2 GDP slipping to unchanged, while the biggest economy in the region, Germany, saw its GDP contract 0.2% in the quarter. COMPANY NEWS: Wal-Mart reported second quarter results that were in-line with expectations, but the world's largest retailer cut its fiscal year earnings outlook citing additional investments in e-commerce and higher U.S. health-care costs than previously anticipated. Despite the lowered guidance, the Dow member's shares were virtually unchanged near noon... Another member of the Dow, Cisco Systems (CSCO), was the the blue-chip average's laggard, falling nearly 3% after saying it does not expect emerging markets growth for "several quarters" and that it expects to cut 6,000 jobs, or 8% of its workforce. The move lower comes despite its report of higher than expected sales and profits for its fiscal fourth quarter and multiple Street research firms raising their price targets for Cisco's stock. MAJOR MOVERS: Among the notable gainers was OmniVision (OVTI), which rose 13% to trade near $28 per share after announcing its board has received a preliminary non-binding proposal from Hua Capital Management to acquire all of the outstanding shares of common stock of the company for $29.00 per share in cash. Also higher was Advance Auto Parts (AAP), which rose about 6% after the company reported higher than expected second quarter earnings and raised its fiscal year comparable cash EPS view. Among the noteworthy losers were casual dining companies Red Robin Gourmet Burgers (RRGB), which dropped 21%, and Noodles & Company (NDLS), which fell 20%, after both reported lower than anticipated second quarter results. INDEXES: Near midday, the Dow was up 38.74, or 0.23%, to 16,690.54, the Nasdaq was up 10.26, or 0.23%, to 4,444.39, and the S&P 500 was up 5.24, or 0.27%, to 1,951.96.
News For WMT;CSCO;OVTI;AAP;RRGB;NDLS From The Last 14 Days
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March 27, 2015
07:51 EDTRRGBRed Robin price target raised to $95 from $86 at Miller Tabak
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05:51 EDTWMTStocks with implied volatility movement; GLW WMT
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March 26, 2015
16:36 EDTCSCOCisco initiated with a Neutral at Guggenheim
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10:01 EDTWMTWal-Mart volatility flat into U.S. strategic update
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09:02 EDTWMTSamsung Galaxy S6, S6 edge to be available in U.S. beginning April 10
Samsung Electronics America (SSNLF) announced the Galaxy S 6 and Galaxy S 6 edge will be available in the U.S. beginning April 10, with pre-orders starting March 27. In the U.S., the Galaxy S 6 and Galaxy S 6 edge will be available in Black Sapphire, White Pearl and Gold Platinum -- in 32GB, 64GB and 128GB2 memory options. AT&T (T), Sprint (S), T-Mobile (TMUS), U.S. Cellular (USM) and Verizon Wireless (VZ) will carry both the Galaxy S 6 and Galaxy S 6 edge, while Boost Mobile, Cricket Wireless and MetroPCS will carry the Galaxy S 6. Samsung Experience Shops at Best Buy (BBY), as well as Amazon.com (AMZN), Costco Wholesale (COST), Samís Club (WMT), Target (TGT) and Walmart will also carry the Galaxy S 6 and Galaxy S 6 edge. Carriers and retailers will confirm specific pricing and availability.
08:08 EDTWMTStratasys' MakerBot expands 3D printer sales to Sam's Club locations
MakerBot (SSYS) says it recently started selling the MakerBot Replicator Mini Compact 3D Printer at more than 300 Samís Club (WMT) retail locations across the United States.
March 25, 2015
06:04 EDTCSCOStocks with implied volatility below IV index mean; CSCO HPQ
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March 24, 2015
09:05 EDTCSCOVerizon moves to 100G network in the U.S.
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08:56 EDTCSCORBC Capital to hold company meetings at OFC 2015
Company Meetings being held at the Optical Fiber Communication Conference: OFC 2015 in Los Angeles on March 24.
05:57 EDTCSCOStocks with implied volatility below IV index mean; CSCO HPQ
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March 23, 2015
09:25 EDTCSCONorthland Securities analysts hold an analyst/industry conference call
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06:57 EDTWMTWal-Mart, Trinity church courtcase scheduled for April 8, WSJ says
A U.S. appeals court on April 8 will decide whether Wal-Mart shareholder Trinity church can force the company to hold a shareholder vote on gun sales, reports the Wall Street Journal. Wal-Mart maintains that what it chooses to sell in its stores is a matter of "regular business" and is not subject to shareholder review. Cornell law professor Lynn Stout and three dozen of her peers have submitted friend of the court briefs to support Trinity, which won an initial case against Wal-Mart in November. Reference Link
06:06 EDTCSCOStocks with implied volatility below IV index mean; CSCO YELP
Stocks with implied volatility below IV index mean; Cisco (CSCO) 18, Yelp (YELP) 40 according to iVolatility.
March 22, 2015
18:22 EDTWMTWal-Mart shareholders allowed to vote for independent chairman, Reuters says
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March 20, 2015
07:24 EDTCSCOBroadcom chip renews competition with in-house hardware makers, WSJ says
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March 19, 2015
06:28 EDTWMTWal-Mart's Walmex unit to expand more slowly this year, Reuters reports
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06:00 EDTCSCOStocks with implied volatility below IV index mean; CYBR CSCO
Stocks with implied volatility below IV index mean; CyberArk (CYBR) 69, Cisco (CSCO) 20 according to iVolatility.
05:50 EDTCSCOTCL and Cisco announce mobile cross-terminal platform, DigiTimes reports
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March 18, 2015
09:36 EDTWMTActive equity options trading on open
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05:35 EDTCSCODeutsche Telekom and Cisco launch intercloud services on OpenStack
Deutsche Telekom (DTEGY) and Cisco (CSCO) are announcing a newly developed Intercloud-based services for small- and medium-sized businesses and enterprise customers. The two companies announced their Intercloud collaboration in September 2014. Deutsche Telekom and Cisco are currently setting up the necessary infrastructure for a redundant Intercloud node in Deutsche Telekom's high-performance data centers in Magdeburg and Biere near Berlin, Germany. Deutsche Telekom will deliver sovereign and highly secure services that meet Germany's strict data protection standards to business customers throughout the European region.
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