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Stock Market & Financial Investment News

News Breaks
April 26, 2012
12:22 EDTLEAP, PCS, AET, XLNX, CHK, XOM, BCO, ALU, PHM, EQIX, JNJ, NIHD, SWI, AKAM, REGN, CTXS, UPSOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, in spite of jobless claims that were higher than expected and disappointing results from Exxon Mobil (XOM). Stocks began the day quietly following the jobless claims data. The averages were mixed in the opening half hour but spurted higher following the March pending home sales report. The data was much better than expected and pushed the averages to their session highs. The averages have since remained in a narrow range but have drifted higher... ECONOMIC EVENTS: Domestically, 388,000 initial jobless claims were reported, versus expectations of 375,000. Continuing claims came in at 3.31M, versus expectations for 3.29M. The Chicago Fed National Activity Index had a reading of -0.29. Pending home sales for the month of March were up 4.1% from the prior month, versus expectations of an increase of 1.0%... COMPANY NEWS: Exxon Mobil and UPS (UPS) both reported revenues and earnings that missed expectations, sending shares of both tumbling. Exxon slid almost 2% following its report, while UPS fell over 3%... Johnson & Johnson (JNJ) increased its dividend by 7%... Reuters reported that the SEC opened an informal inquiry into Chesapeake Energy's (CHK) well participation program as the company came out separately and said it did not review or approve of specific transactions made by its CEO Aubrey McClendon under that program... Among companies reporting earnings, advancers included Citrix Systems (CTXS), Equinix (EQIX), Xilinx (XLNX), Regeneron (REGN) and Pulte (PHM); decliners included Aetna (AET), Akamai (AKAM), Alcatel-Lucent (ALU) and MetroPCS (PCS)... MAJOR MOVERS: Among the notable gainers were SolarWinds (SWI), up 19%, after guiding to FY12 adjusted earnings that were above consensus at the midpoint, and Brinks (BCO), up over 17%, following results that beat on both the top and bottom line. Noteworthy losers included Leap Wireless (LEAP), down 20%, following downgrades at Raymond James and Guggenheim after its weak Q1 results, and NII Holdings (NIHD), down more than 18%, after its revenues and earnings disappointed... INDICES: Near noon, the Dow was up 63.46, or 0.48%, to 13,154.18; the Nasdaq was up 6.61, or 0.22%, to 3,036.24; and the S&P 500 was up 2.62, or 0.19%, to 1,393.31.
News For XOM;UPS;JNJ;CHK;CTXS;EQIX;XLNX;REGN;PHM;AET;AKAM;ALU;PCS;SWI;BCO;LEAP;NIHD From The Last 14 Days
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November 11, 2014
10:14 EDTREGNRegeneron data reinforce blockbuster potential of dupilumab, says Piper Jaffray
Piper Jaffray believes the Phase IIb results for dupilumab in patients with moderate to severe asthma reported by Regeneron (REGN) and partner Sanofi (SNY) reinforce the broad potential of the drug in a range of allergic diseases. The firm reiterates its $416 price target and Overweight rating on shares of Regeneron.
10:00 EDTAKAMOn The Fly: Analyst Initiation Summary
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08:10 EDTEQIXEquinix and Datapipe to provide managed solutions to Amazon Web Services
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07:15 EDTAKAMAkamai initiated with an Outperform at Macquarie
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06:31 EDTSWISolarWinds to host analyst day
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05:26 EDTREGNRegeneron, Sanofi announce dupilumab Phase 2b study met primary endpoint
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November 10, 2014
10:30 EDTAKAMFireEye advances after JPMorgan adds to Focus List
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10:06 EDTAETAetna selected for new Louisiana Medicaid contract
Aetna Better Health of Louisiana, an Aetna health plan established to administer managed Medicaid services in Louisiana, has been selected by the State Department of Health & Hospitals to provide access to health care for eligible Louisianans. The three-year contract is scheduled to take effect Feb. 1, 2015.
10:04 EDTPHMOn The Fly: Analyst Upgrade Summary
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08:46 EDTAETAetna price target raised to $99 from $90 at Jefferies
Jefferies raised its price target for Aetna shares to $99 after meeting with management and keeps a Buy rating on the stock. The firm believes Aetna's 2015 earnings growth can top the consensus of 10%.
08:22 EDTALUNetwork equipment makers slip after AT&T projects lower 2015 capital spending
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08:12 EDTALUAT&T 2015 capex reduction negative for select stocks, says JPMorgan
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07:51 EDTPHMPulteGroup upgraded at BofA/Merrill
As previously reported, BofA/Merrill upgraded PulteGroup to Buy from Neutral. The firm's checks indicate PulteGroup's order growth is at a positive inflection point and its balanced approach to capital allocation will drive EPS accretion. Price target raised to $25 from $23.
07:44 EDTJNJJohnson & Johnson looks for acquisitions to help expand in China, WSJ says
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07:30 EDTAKAMFireEye added to Focus List, Akamai removed at JPMorgan
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07:23 EDTEQIX, CTXSRBC Capital to hold a conference
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07:19 EDTREGNCredit Suisse to hold a conference
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07:12 EDTCTXSCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
06:09 EDTPHMPulteGroup upgraded to Buy from Neutral at BofA/Merrill
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05:58 EDTCHKStocks with implied volatility below IV index mean; CHK NFLX
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