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Bally Technologies (BYI) to be Acquired by Scientific Games Corporation in $5.1B Deal

August 4th, 2014

Shares of Bally Technologies Inc. (BYI) were up +3.30 or +4.25 percent to $81.00 per share in pre-market trading on Monday, after the company announced Friday it had agreed to be acquired by Scientific Games Corporation (SGMS) for $83.30 per share in cash. Bally Technologies stock closed at $77.70, up +17.53 or +29.13 percent in
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Five Stocks to Watch in August

August 1st, 2014

The U.S. stock market ended July on a bearish note, with the Dow Jones Industrial Average wiping out all of its 2014 gains on Thursday. The Dow Jones average fell -317.06 points or -1.88 percent, closing at 16,563.30, just under its level at the beginning of the year. The tech-heavy NASDAQ composite index dropped -93.13
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Bank of America (BAC) Increases Settlement Offer, Gets Slapped with $1.27B Fine

July 31st, 2014

Shares of Bank of America Corporation (BAC) were down -0.27 or -1.77 to $15.31 in regular trading on Thursday, after news yesterday that the bank was raising their offer to settle with the Justice Department for $1 billion more than it had previously proposed. Also, a federal judge imposed a $1.27 billion civil penalty for the
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Oshkosh (OSK) Falls on Weaker 3rd Quarter Earnings

July 30th, 2014

Shares of Oshkosh, Wisconsin, based Oshkosh Corporation (OSK)  fell on Tuesday in a mixed day in the financial markets overall. The company’s stock was down 13.82%, falling $7.35 per share to close at $45.84, on volume of 4,293,362 shares. The company reported weaker earnings for its fiscal 2014 third quarter results. Founded in 1917, Oshkosh
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Silicon Motion Technology (SIMO) Gains on Quarterly Earnings Results

July 29th, 2014

Shares of Silicon Motion Technology (SIMO) were trading up +2.35 or +10.26 percent to $25.25 per share in pre-market trading Tuesday morning, after the company announced second quarter earnings which beat analyst expectations. Silicon Motion Technology stock closed at $22.90 per share, up +0.32 or +1.42 percent in Monday’s regular trading session. Taiwan based Silicon
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Family Dollar (FDO) to be Taken Over by Dollar Tree in $8.5B Deal

July 28th, 2014

Shares of Family Dollar Stores Inc. (FDO) were up + 14.57 or +24.02 percent to $75.23 per share in premarket trading Monday morning, after the announcement that Dollar Tree Inc. (DLTR) would be buying the company for $74.50 per share. Family Dollar Stores stock closed at $60.66, down -0.48 or 0.79 percent in Friday’s regular
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Amazon.com (AMZN) Tumbles on Earnings Miss

July 25th, 2014

Shares of Amazon.com Inc. (AMZN) were trading down -36.00 or -10.04 percent to $322.61 per share in pre-market trading early Friday, after the company released significantly lower than expected earnings despite a large increase in revenue. Amazon stock closed at $358.61, up +0.47 or +0.13 percent in Thursday’s regular trading session. Seattle, Washington based Amazon.com
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Logitech (LOGI) Rallies on First Quarter Results, Improved Forecast

July 24th, 2014

Shares of Logitech International (LOGI) were up +1.81 or +13.58 percent to $15.14 in pre-market trading this morning, after the company released better than expected results for the company’s first quarter 2015. The company also raised its profitability outlook for the rest of its 2015 fiscal year. Logitech stock closed unchanged at $13.33 per share
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Herbalife (HLF) Rises on Failure of “Death Blow” Attempt by Antagonist

July 23rd, 2014

Shares of Herbalife Ltd. (HLF) rose sharply on Tuesday on a strong day on Wall Street overall. Herbalife’s stock was up 25.45%, up $13.75 per share to close at $67.77, on volume of 27,948,910 shares – roughly 20 times normal volume for the stock. The stellar performance of the stock was in reaction to investors
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Chipotle (CMG) Stock Rockets After Reporting Second Quarter Earnings

July 22nd, 2014

Shares of Chipotle Mexican Grill Inc. (CMG) were up +56.98, or +9.62 percent to $649.40 per share in afterhours trading on Monday afternoon, after the company reported a +28.7 percent increase in revenue, beating analyst estimates by 6 percent. Chipotle stock closed at $589.93 per share, down -2.49 or -0.42 percent in Monday’s regular trading
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Reynolds American (RAI) to Challenge $23.6B Punitive Damages Award

July 21st, 2014

Shares of Reynolds American Inc. (RAI) were down -1.80 or -3.07 percent to $56.85 per share in pre-market trading early Monday, after news late Friday that a Florida jury had decided to impose punitive damages of $23.6 billion on R.J. Reynolds Tobacco — a division of Reynolds American — to settle a lawsuit brought by
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Ericsson (ERIC) Rallies on Better than Expected Sales, Operating Profit

July 18th, 2014

Shares of Ericsson (ERIC) were trading up +0.92 or +7.87 percent to $12.61 per share in Friday’s pre-market, after the company released its second quarter 2014 earnings. The company beat analyst expectations, reporting a 76 percent rise in second quarter profits. Ericsson stock closed at $11.69, up +0.08 or +0.68 percent in Thursday’s regular trading
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SanDisk (SNDK) Stock Tumbles on Lower Revenue Forecast

July 17th, 2014

Shares of the SanDisk Corporation (SNDK) dropped -10.13 or -9.39 percent to $97.70 in pre-market trading this morning, after the company announced disappointing earnings despite beating analyst expectations by a small margin. Investors have seen the company significantly beat analyst expectations in the last eight quarters. SanDisk stock closed at $107.83, up +2.27 or +2.15
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Rockwood Holdings (ROC) Up on Purchase By Albemarle

July 16th, 2014

Shares of Princeton, New Jersey, based Rockwood Holdings, Inc. (ROC) rose on Tuesday, on a mixed day on Wall Street. Rockwood Holdings stock was up 9.83%, rising $7.44 per share to close at $83.14 on volume of 23,112,334 shares. Specialty chemical conglomerate, Albemarle Corp. (ALB), announced that it will buy Rockwood Holdings in a deal
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Codexis (CDXS) Stock Surges on GlaxoSmithKline Licensing Deal

July 15th, 2014

Shares of Codexis Inc. (CDXS) were up +1.34 or +95.04 percent to $2.75 per share in pre-market trading early this morning, after the company announced late yesterday a platform technology agreement with GlaxoSmithKline (GSK). Codexis Inc. stock closed at $1.41, down -0.04 or -2.76 percent in Monday’s regular trading session. Redwood City, California based Codexis
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URS Corporation (URS) to be Acquired by AECOM Technology

July 14th, 2014

Shares of the URS Corporation (URS) were up +3.08 or +5.92 to $55.10 per share in pre-market trading Monday morning, after AECOM Technology (ACM) announced on Sunday it would be taking over URS in a deal worth $6 billion. URS Corporation stock closed at $52.02 per share, up +1.09 or +2.14 percent in Friday’s regular
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Lorillard (LO) Near Merger with Reynolds American to Sell Assets to Imperial Tobacco

July 11th, 2014

Shares of the Lorillard Tobacco Company (LO) were up +3.41 or +5.40 percent to $66.50 per share in pre-market trading this morning. The stock is up after news early today that revealed Imperial Tobacco had confirmed it was in talks with Lorillard and Reynolds American (RAI) in relation to the acquisition of some of the
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Boeing (BA) Forecasts $5.2 Trillion Market for Commercial Jets

July 10th, 2014

Shares of the Boeing Company (BA) were trading down -0.60 or -0.47 percent in pre-market trading this morning, after the company issued a press release forecasting a +4.2 percent increase in worldwide demand for passenger aircraft in the company’s 20-year Current Market Outlook. Boeing stock closed up +0.37 or +0.29 percent to $127.16 per share
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Calpine (CPN) Up on Bond Sale to Lower Interest Costs, Reduce Restrictions

July 9th, 2014

Shares of Houston, Texas, based Calpine Corp. (CPN) rose on Tuesday as stocks suffered a broad loss overall. Calpine Corp.’s stock was up 4.25%, rising $.97, to close at $23.81, on volume of 7,332,358 shares. The company announced the pending sale of $2.8 billion of unsecured bonds that will lower its interest costs, while removing
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Macquarie Infrastructure (MIC) to Acquire Remainder of International-Matex for $1.025B

July 8th, 2014

Shares of Macquarie Infrastructure Company LLC (MIC) were up +3.28 or +5.36 percent to $64.45 per share in pre-market trading early this morning, after the company announced late yesterday two public offerings in order to pay for the remaining interest it does not already own in International-Matex Tank Terminals or IMTT. Macquarie Infrastructure stock closed
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