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Stock Market & Financial Investment News

News Breaks
May 16, 2014
16:33 EDTRAX, AGN, DE, GM, CSCO, NYT, M, KO, GMCR, WMT, JCP, VRX, JWN, IBM, RDENMarket finishes week slightly lower after weak retail sales growth
The market finished the week lower after several economic data points missed expectations and a number of notable companies reported soft results. MACRO NEWS: Retail sales and industrial production for April, a housing market index, and a measure of consumer confidence in May were all worse than expected. On the other hand, jobless claims fell more than expected and reached a seven year low... Overseas, the euro zone's GDP increased only 0.2% last quarter, versus the 0.4% growth forecast by economists. The trend of poor economic news also extended to China, whose April industrial output came in below expectations. COMPANY NEWS: Among the companies that reported weaker than expected results were Wal-Mart (WMT) and Elizabeth Arden (RDEN). Also, IBM (IBM) and farm equipment maker Deere (DE) fell after providing guidance that disappointed investors. Conversely, Cisco (CSCO), Nordstrom (JWN), J.C. Penney (JCP) and Macy's (M) climbed after their earnings surpassed expectations... Allergan (AGN) officially rejected an unsolicited takeover offer from Valeant (VRX), which indicated that it would raise its bid... GM (GM) retreated after the company announced five new recalls covering about 2.7M vehicles and agreed to pay a record $35M civil penalty levied by the DOT... The New York Times (NYT) slumped after abruptly announcing that it had dismissed the executive editor at its namesake newspaper, effective immediately... Cloud computing services provider Rackspace (RAX) announced that it had been approached by a number of other companies that expressed interest in exploring strategic relationships, including partnerships and acquisitions. Rackspace hired Morgan Stanley (MS) to evaluate the proposals and explore other alternatives... Keurig Green Mountain (GMCR) advanced after Coca-Cola (KO) confirmed plans to exercise its option to raise its stake in the K-cup coffee machine maker up to 16%. INDEXES: The Dow was down 0.55% to 16,491.31, the S&P 500 was down 0.03% to 1,877.86, and the Nasdaq was up 0.46% to 4,090.59.
News For WMT;CSCO;RDEN;GMCR;GM;IBM;KO;DE;JWN;M;AGN;VRX;NYT;RAX;JCP From The Last 14 Days
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April 13, 2015
17:10 EDTIBMIBM establishes a Watson Health Cloud
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16:23 EDTGMCRKeurig Green Mountain initiated with a Positive at Susquehanna
Susquehanna started shares of Keurig Green Mountain with a Positive rating saying K-cup volume growth and the new Keurig Kold could drives shares to $154 by April 2016. The firm believes the stock could get back to $200 if investor confidence in Keurig's products returns. Shares of the single cup brewer seller closed the day down 15c to $116.39.
13:31 EDTGMDeath claims linked to GM ignition switches up to 84, WSJ reports
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13:05 EDTKOWintergreen Advisers says plans to vote against Coca-Cola directors
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12:58 EDTGMGM says it has resolved Bolt's technical challenges, Financial Times reports
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12:44 EDTGMFiat Chrysler interested in partnering with GM, Reuters says
Fiat Chrysler 9FCAU) CEO Sergio Marchionne is looking to make a "mega deal" before stepping down in early 2019 and has shown "particular interest" in partnering with GM(GM), according to Reuters. GM is strong in Asia, an area of weakness for Fiat Chrysler, while GM is looking to expand in Europe, the news service stated. Reference Link
09:47 EDTKOPepsiCo awarded NBA sponsorship rights, ESPN reports
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08:51 EDTKOCoca-Cola signs partnership with United States Soccer Federation, MLS
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07:36 EDTDEDeere management to meet with Deutsche Bank
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07:31 EDTCSCOHealthcare Information & Management Systems Society to hold a conference
HIMSS 2015 is being held in Chicago on April 12-16.
07:16 EDTGMTechWeek to hold a conference
TechWeek Detroit 2015 is being held in Detroit on 4/13-19.
06:47 EDTDEDeere reports March U.S./Canada utility tractor sales down less than 5%
Deere reports industry U.S./Canada utility tractor sales were down 5% in March, while Deere sales were down less than the industry in the month. Deere reports its U.S./Canada row-crop tractor retail sales were down more than the industry, which was down 19% in the month. Deere's U.S./Canada 4WD tractor retail sales were down more than the industry, which was down 24% in the month. In March, Deere's U.S./Canada combines retail sales were down more than the industry, which was down 48%. Information from Deere's retail sales comment for March posted to the company's investor relations website.
06:22 EDTJCPGap, Target, others scrutinized by NY AG over staffing practices, WSJ says
Several major retailer including Gap (GPS) and Target (TGT) are under investigation by New York Attorney General Eric Schneiderman over their staffing practices and whether they require workers to show up or stay home with little notice, The Wall Street Journal reports. Schneiderman sent letters warning Abercrombie & Fitch (ANF), JC Penney (JCP), Urban Outfitters (URBN), TJX Cos (TJX), Ann Inc (ANN), L Brands (LB), Burlington Stores (BURL), Sears Holdings (SHLD), Williams-Sonoma (WSM) and J Crew Group that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. Reference Link
April 12, 2015
15:43 EDTWMTWal-Mart's Walton family puts shares in newly formed trust, Reuters says
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April 10, 2015
18:29 EDTWMTWal-Mart says Walton family to place 6% of shares in trust, Reuters reports
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10:00 EDTMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bemis (BMS) upgraded to Buy from Neutral at BofA/Merrill... Gigamon (GIMO) upgraded to Outperform from Market Perform at William... Global Payments (GPN) upgraded to Overweight from Equal-Weight at First Analysis... Knight Transportation (KNX) upgraded on valuation, catalysts at Stifel... Macy's (M) upgraded to Buy from Neutral at Buckingham... Netflix (NFLX) upgraded to Buy from Neutral at Citigroup... Reckitt Benckiser (RBGLY) upgraded to Buy from Neutral at UBS... Union Pacific (UNP) upgraded on valuation, growth outlook at Stifel... Weatherford (WFT) upgraded to Outperform from Sector Perform at RBC Capital.
08:55 EDTGMCRKeurig Green Mountain global expansion underappreciated, says Goldman
Goldman believes Keurig Green Mountain's global expansion opportunity is underappreciated. The firm said single-serve coffee is significantly under penetrated and Keurig Green Mountain has the potential to capture 10%-30% of the market and derive $285M in incremental sales by 2020. Goldman views the recent pullback as another compelling entry point and reiterates its Buy rating and $160 price target.
08:24 EDTMMacy's upgraded at Buckingham
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07:51 EDTMMacy's upgraded to Buy from Neutral at Buckingham
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06:13 EDTGMGeneral Motors added to Focus List at Citigroup following selloff
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