News Focus
News Focus
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langlui

09/26/13 11:11 AM

#70809 RE: 3xBuBu #70806

ups and downs 9-26 NEWL +35%, FREE +35%, KIOR +40%

Gapping up
In reaction to strong earnings/guidance: FUL +6.4%, BBBY +5.9%, NEO +5.1%, PRGS +3.9%, SNX +3.1%, MKC +0.5%.

M&A news: USAK +35.1% (Knight Transportation (KNX) Proposes to Acquire USA Truck for $9.00 Per Share in Cash), FLOW +7% (o be acquired by American Industrial Partners for $4.05 per share), ALU +2.2% (Follow up to Nokia (NOK) is considering combination with ALU's mobile phone networks unit), BBRY +1.1% (Fairfax's CEO Prem Watsa confident Blackberry bid will succeed, according to reports).

Select metals/mining stocks trading higher: AU +1.9%, ABX +1.4%, HMY +1.1%, NEM +1%, GOLD +0.9%, GFI +0.6%.

Select solar related names showing strength: HSOL +3.3%, SOL +2.3%, YGE +2.2%, SCTY +1.2%, FSLR +1%, SPWR +0.9%.

Other news: BLDP +12.1% (announces definitive agreements with Azure Hydrogen for China Fuel Cell Bus Program), LLEN +9.4% ( clarifies and reaffirms ownership of mines in response to allegations made by short-sellers), NR +5.2% (to replace Arbitron (ARB) in the S&P SmallCap 600), IMMR +3.1% (strength attributed to CEO comments on CNBC after the close related to business growth), GDOT +2.7% (to replace Colonial Property Trust (CLP) in the S&P SmallCap 600), AU +1.9% (Tropicana produces first gold ahead of schedule and on budget), TM +0.9% (to export U.S.-built Corolla to Latin America and the Caribbean).

Analyst comments: WLT +5.5% (attributed to Morgan Stanley comments related to potential upside). DANG +2.7% (initiated with a Outperform at Credit Suisse), FB +1.4% (tgt raised to $60 from $37 at Jefferies), PCYC +0.8% (initiated with a Buy at Deutsche Bank, initiated with a Overweight at JP Morgan).

Gapping down
In reaction to disappointing earnings/guidance: HTZ -10.8%, JBL -3.7%, WOR -2.9%.

M&A news: TSPT -1.1% (announced that it has rejected an unsolicited proposal from Retrophin to acquire the company for $4 per share in cash).

Select EU financial related names showing weakness: IRE -2.1%, BCS -1.3%, DB -1.3%, CS -1%, HBC -0.4%.

Other news: KBIO -9.3% (prices 7.5 mln share offering at $4.00 per share), WPRT -7.9% ( announces 6 mln common stock offering), JCP -6.1% (considering $750 mln - $1 bln equity offering, according to reports), CZR -5.6% (announced offering of 10 mln shares of common stock), LLY -4.8% (Phase III Lilly/TRIO breast cancer study misses primary endpoint), NDRO -4% (announced public offering of 11,200,00 trust units by Enduro Resource Partners LLC), TCPC -4% (announced public offering of 3.8 mln shares of common stock) ARCC -3% (announced that it plans to make a public offering of 11,000,000 shares of its common stock), MZOR -2% (received second purchase order for Renaissance System from Russia distribution partner Neuroproject).

Analyst comments: AWAY -4.7% (downgraded to Equal-Weight from Overweight at Morgan Stanley).
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3xBuBu

09/27/13 1:26 PM

#70810 RE: 3xBuBu #70806

The U.S. Senate on Friday overcame Tea Party-backed roadblocks and advanced a bill that would avert a government shutdown by funding federal agencies beyond Oct. 1.

The Senate got the minimum 60 votes it needed to speed up passage of the legislation, which was expected to occur shortly.

The measure would then be sent to the House of Representatives, where lawmakers have been insisting on attaching proposals that are almost certain to be rejected by the Democratic-controlled Senate and President Barack Obama.

The Senate is now expected to pass a Democratic amendment to strip a provision in the bill that cuts money for the Affordable Care Act. A simple majority is all that is required for that vote. A final vote will return the bill to the House, putting pressure on the Republican-controlled chamber to act with just three days left to avoid a government shutdown.
http://www.chicagotribune.com/news/chi-government-shutdown-20130927,0,2822735.story
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3xBuBu

09/27/13 9:31 PM

#70812 RE: 3xBuBu #70806

U.S. stocks post first weekly drop since August
U.S. stocks declined on Friday, with the S&P 500 index and Dow industrials recording their first weekly drop in four, as Wall Street remained unsettled over the lack of progress in budget negotiations on Capitol Hill, with a deadline just days away.

http://www.marketwatch.com/column/market-snapshot?link=MW_Nav_MA