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Stock Market & Financial Investment News

News Breaks
August 15, 2014
17:02 EDTRRGB, KMR, AMZN, KMI, ICPT, SEAS, KMP, KATE, JCP, NDLS, EPB, EBAY, CSCO, M, WMTStocks end week slightly higher despite flare-up in Russian tensions
Stocks on Wall Street were higher for the week as earnings season wound down and geopolitical events, primarily in Russia, took center stage once again. MACRO NEWS: In the U.S., the NFIB's small business confidence index rose 0.7% to 95.7 in July, though that was below the expectation for a 96.0 reading. Retail sales were flat in July, versus an expected 0.2% increase. 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. The Producer Price Index increased 0.1% overall, matching expectations. The first University of Michigan consumer confidence reading for August fell 2.6 points to 79.2, versus expectations for it to have edged up to 82.0. In Europe, growth in the shared currency zone stagnated, with Q2 GDP slipping to unchanged. The biggest economy in the region, Germany, saw its GDP contract 0.2% in the quarter. In Asia, a measure of new credit in China came in at $44.3B in July, marking its lowest monthly total since October 2008. China's industrial production grew 9.0% year-over-year in the month, versus expectations for 9.2% growth. Japan's second quarter GDP fell an annualized 6.8%, which was slightly better than the expectation for a 7% decline. COMPANY NEWS: Wal-Mart (WMT) 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, Wal-Mart shares finished the day that it reported up about 0.5%, but the stock lost about 1% for the week. Among the other noteworthy losers following their earnings reports were Macy's (M), J.C. Penney (JCP), Kate Spade (KATE), SeaWorld (SEAS), King Digital (KING), Red Robin Gourmet Burgers (RRGB), and Noodles & Company (NDLS)... Cisco Systems (CSCO) reported higher than expected sales and profits for its fiscal fourth quarter. However, the Dow Jones Industrial Average component declined on the day after its report 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... Shares of Kinder Morgan (KMI) advanced after the company announced plans to consolidate its oil-and-gas holdings into one company by acquiring all of the outstanding shares of a number of its subsidiaries, including Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB)... Amazon.com (AMZN) advanced after the company launched "Amazon Local Register," a credit-card device and mobile app to help small business owners accept payments that will go head-to-head with competing systems from Square and eBay's (EBAY) PayPal unit... Intercept Pharmaceuticals (ICPT) rose after data from a trial of its liver disease drug OCA showed improved safety as well as a statistical benefit in reversing liver fibrosis. INDEXES: For the week, the Dow gained about 0.66% to close at 16,62.91; the S&P 500 rose about 1.21% to close at 1,955.06; the Nasdaq advanced about 2.14% to close at 4,464.93.
News For WMT;M;JCP;KMI;CSCO;KATE;AMZN;EBAY;KMP;KMR;EPB;SEAS;RRGB;NDLS;ICPT From The Last 14 Days
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April 14, 2015
10:50 EDTCSCOOptions with increasing implied volatility
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09:35 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN PBR SU NFLX ALU BIDU TSLA JNJ GE
09:20 EDTKATEKate Spade's department store sales strong during Q1, says OTR Global
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08:55 EDTJCPJ.C. Penney sees Q1 SSS up 3.5%-4.5%
J.C. Penney said in a regulatory filing that on April 13, the company became aware that a senior official of the company inadvertently sent an e-mail communication to a securities analyst that contained non-public information regarding the company’s comparable store sales results for Q1 to date, which are approximately 6%. Based on results to date, and taking into account the shift of Easter into the fiscal month of March this year, the company currently expects comparable store sales for Q1 to be in the range of 3.5%-4.5%.
07:44 EDTAMZNBaird survey suggests accelerating growth trends for Amazon.com
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07:20 EDTAMZNAmazon.com price target raised to $465 from $400 at Jefferies
Jefferies raised its price target for Amazon.com shares to $465 from $400 after analyzing the retailing giant's fulfillment capabilities. The firm believes Amazon's fulfillment strategy will drive revenue growth acceleration in the medium to longer-term and margin improvement with scale. It views Amazon's fulfillment initiatives as part of a "bigger, multi-faceted strategy focused on better customer segmentation and category leadership." Jefferies keeps a Buy rating on the name. Shares of Amazon closed yesterday down 29c to $382.36.
06:20 EDTAMZNAmazon, HarperCollins reach agreement on publishing pact, WSJ reports
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05:56 EDTCSCOStocks with implied volatility movement; CSCO MAC
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April 13, 2015
17:17 EDTAMZNAmazon Prime membership now includes ad-free internet radio service
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16:18 EDTEBAYeBay announces executive appointments ahead of PayPal separation
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16:01 EDTAMZNOptions Update; April 13, 2015
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09:27 EDTAMZNAmazon says X-Ray coming to Fire TV, Fire TV Stick
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09:03 EDTAMZN, EBAYeBay SSS grew 7.3%, Amazon SSS up 24.6% in March, ChannelAdvisor says
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08:24 EDTICPTDeutsche Bank pharmaceuticals analyst holds an analyst/industry conference call
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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.
07:12 EDTEBAYeBay PayPal unit worth $39 per share alone, says Bernstein
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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
06:07 EDTICPTIntercept announces several presentations evaluating OCA
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April 12, 2015
19:01 EDTAMZNNokia maps unit HERE may be of interest to several tech firms, Re/code says
If Nokia is putting its mapping unit HERE up for sale it may draw interest from firms like Microsoft (MSFT), Yahoo (YHOO), Amazon (AMZN) and Apple (AAPL), says Re/code. Reference Link
15:43 EDTWMTWal-Mart's Walton family puts shares in newly formed trust, Reuters says
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