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Stock Market & Financial Investment News

News Breaks
February 21, 2013
09:19 EDTVDSI, WLT, BRY, WH, BHP, PEGA, LNCO, QCOM, WMT, PAY, LCC, LINE, PRKR, TSLA, IMAX, GRPNOn The Fly: Pre-market Movers
HIGHER: WSP Holdings (WH), up 75.6% after agreeing to "going private" transaction... ParkerVision (PRKR), up 35.4% after saying it received favorable "markman order" in patent infringement suit against Qualcomm (QCOM)... Berry Petroleum (BRY), up 22% agreeing to stock-for-stock merger with LINN Energy (LINE) and LinnCo (LNCO) for total consideration of $4.3B, including the assumption of debt... Groupon (GRPN), up 3.4% following upgrade to Overweight from Neutral at Piper Jaffray... US Airways (LCC), up 2.6% following upgrade to Overweight at JPMorgan... UP AFTER EARNINGS: Pegasystems (PEGA), up 17.3%... Imax (IMAX), up 4.8%... Wal-Mart (WMT), up 1.3%... LOWER: VeriFone (PAY), down 35.9% after the company issues preliminary Q1 results and preliminary Q2 guidance below expectations, downgraded by at least five firms... BHP Billiton (BHP), down 2.2% following downgrade to Neutral at Citigroup... DOWN AFTER EARNINGS: Tesla (TSLA), down 5.6%... Walter Energy (WLT), down 4.8%... VASCO Data Security (VDSI), down 3%.
News For WMT;WH;PRKR;QCOM;BRY;LINE;LNCO;GRPN;LCC;PEGA;IMAX;PAY;BHP;TSLA;WLT;VDSI From The Last 14 Days
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February 23, 2015
09:39 EDTTSLAActive equity options trading on open
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08:56 EDTTSLATesla long-term focus likely to 'lose luster' with investors, says BofA/Merrill
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08:21 EDTBHPBHP Billiton downgraded to Equal Weight from Overweight at Morgan Stanley
06:19 EDTBHPBHP Billiton CEO expected to provide more info on demerger, WSJ reports
BHP Billiton CEO Andrew Mackenzie is expected to this week provide more information on his demerger proposal, which will leave the mining company with fewer commodities and lower cash flow, The Wall Street Journal reports. The upcoming 1H earnings release is also expected to highlight the challenges BHP is currently facing as it seeks to focus on commodities like iron ore and oil. Reference Link
06:11 EDTQCOMStocks with implied volatility below IV index mean; FOSL QCOM
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February 22, 2015
17:25 EDTQCOMChip designer CEVA takes on Qualcomm in China, Bloomberg says
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15:31 EDTWMTMcDonald's under pressure to raise hourly pay as Wal-Mart sets bar, Reuters says
According to labor experts McDonald's (MCD) and its franchisees may be under pressure to raise hourly wages as the improved economic landscape increases competition for good workers and as retailer Wal-Mart (WMT) raises its hourly pay, says Reuters. Reference Link
February 20, 2015
17:03 EDTLNCOLinnCo files to sell common shares, no amount given
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16:48 EDTWMTDow, S&P 500 finish week at record highs after Greek deal reached
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16:03 EDTWMT, TSLAOptions Update; February 20, 2015
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13:20 EDTWMTAnalysts divided on Wal-Mart after results, pay raise announcement
Barclays cut its rating on Wal-Mart (WMT) this morning after the world's largest retailer reported its quarterly results and gave forward looking guidance yesterday. However, research firm Janney Capital wrote in a note to investors that it believes shares of Wal-Mart will probably outperform going forward, as other retailers are likely to implement wage hikes similar to the one that the giant discounter announced. BACKGROUND: Yesterday Wal-Mart announced that it would raise the wages of all of its employees to at least $10 per hour by February 2016. The company also reported higher than expected fourth quarter profits, excluding certain items, but its Q4 revenue came in below expectations. Moreover, the retailer provided lower than expected profit guidance for its fiscal 2016 and lowered its fiscal 2016 sales growth guidance to 1%-2% from its previous outlook of 2%-4%. Wal-Mart's stock fell significantly yesterday after the quarterly report. ANALYST REACTION: Barclays lowered its rating on Wal-Mart to Equal Weight from Overweight and dropped its price target for shares to $85 from $90. The firm says the retailer's investments to improve the shopping experience at its U.S. stores will continue into FY17 and are unlikely to produce near-term benefits. It believes Wal-Mart's Q4 domestic comps were aided by lower gas prices and easy weather comparisons, and notes that weather is unlikely to help in FY16. Meanwhile, Janney Capital analyst David Strasser said Wal-Mart's stock dropped because of worries about the company's spending and the hit the company took from negative foreign exchange trends. However, other retailers are likely to implement similar wage hikes, causing the entire sector to come under pressure and enabling Wal-Mart's stock to outperform going forward, according to Strasser. Additionally, Wal-Mart is likely to continue to benefit from higher gas prices in Q1, wrote the analyst, who kept an $89 price target and Buy rating on the shares. PRICE ACTION: In mid-afternoon trading, Wal-Mart added 0.5% to $83.94.
11:47 EDTQCOMQualcomm mentioned positively at Pacific Crest
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10:30 EDTVDSI, GRPNOptions with decreasing implied volatility
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10:01 EDTWMTOn The Fly: Analyst Downgrade Summary
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09:38 EDTWMT, TSLAActive equity options trading on open
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09:06 EDTWMTWal-Mart can outperform as peers follow suit on wages, says Janney Capital
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07:20 EDTWMTWal-Mart wage increase may pressure Target, Staples, Reuters says
Wal-Mart's (WMT) wage increase announcement will likely pressure the retail, fast-food, and restaurant sectors to potentially follow suit, reports Reuters, citing an Edward Jones analyst and the managing director of consultancy firm Strategic Resource Group. The analysts specifically named Target (TGT) and Staples (SPLS). Reference Link
06:41 EDTTSLAApple pushing for 2020 production of its electric car, Bloomberg says
Apple (AAPL) is pushing to begin production of its electric vehicle as soon as 2020, reports Bloomberg, citing people with knowledge of the matter. Bloomberg notes that the move could put Apple into direct competition with Tesla (TSLA) and General Motors (GM), both of which are targeting a 2017 release for next-generation electric vehicles. Apple may still cancel the project if it becomes unhappy with progress, the sources said, though its vehicle team is already 200-people strong. Reference Link
05:50 EDTWMTWal-Mart downgraded to Equal Weight from Overweight at Barclays
Barclays cut its rating on Wal-Mart to Equal Weight from Overweight and dropped its price target for shares to $85 from $90. The firm says the retailer's investments to improve the shopping experience at its U.S. stores will continue into FY17 and are unlikely to produce near-term benefits. It believes Wal-Mart's Q4 domestic comps were aided by lower gas prices and easy weather comparisons, and notes that weather is unlikely to help in FY16. The stock closed yesterday down $2.77 to $83.52 after Wal-Mart reported Q4 results.
04:50 EDTQCOMStocks with implied volatility movement; QCOM KO
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