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Sep 30, 2014

RBC sees value in small-cap stocks

NEW YORK, Sept 30 (Reuters) – Small-cap stocks have been
pressured of late, with investors fretting that the group’s
valuation has become untenable, though RBC Capital Markets on
Tuesday wrote it sees outsized potential in smaller names.

The group has taken the brunt of the recent market decline,
with the Russell 2000 down 7.5 percent from a record
close hit in March, far steeper than the S&P 500′s 1.7
percent drop from its own high, a divergence RBC wrote
represented a contraction in valuations rather than changing
fundamentals.

Sep 30, 2014

EBay jumps in premarket, to spin off PayPal

NEW YORK, Sept 30 (Reuters) – Shares of eBay Inc
jumped in premarket trading on Tuesday, moving on the heaviest
volume of any premarket stock after it said it would spin off
its PayPal division into a publicly traded company.

The stock jumped 12 percent to $59.10, with more than 1.2
million shares exchanging hands minutes after the stock was
opened following a halt. Shares were on track for their biggest
one-day advance since April 2012, and looked to return to
positive territory for the year.

Sep 30, 2014

Stock futures edge up; S&P set for 7th straight quarterly gain

NEW YORK (Reuters) – U.S. stock index futures were modestly higher on Tuesday, indicating a rebound from the previous session’s decline as investors once again used a pullback as a buying opportunity.

* Market volatility has surged of late, with the S&P 500 posting closing moves greater than 0.5 percent in five of the past six sessions. Earlier this month, the benchmark index went 14 sessions without such a move, its longest such streak since 1995, according to MKM Partners. The CBOE Volatility index, a measure of investor anxiety, climbed by more than a third in September.

Sep 30, 2014

Futures edge up; S&P set for 7th straight quarterly gain

NEW YORK, Sept 30 (Reuters) – U.S. stock index futures were
modestly higher on Tuesday, indicating a rebound from the
previous session’s decline as investors once again used a
pullback as a buying opportunity.

* Market volatility has surged of late, with the S&P 500
posting closing moves greater than 0.5 percent in five of the
past six sessions. Earlier this month, the benchmark index went
14 sessions without such a move, its longest such streak since
1995, according to MKM Partners. The CBOE Volatility index
, a measure of investor anxiety, climbed by more than a
third in September.

Sep 29, 2014

Civeo has biggest one-day drop ever on heavy volume

NEW YORK, Sept 29 (Reuters) – Shares of Civeo Corp
lost almost half of their value on Monday, with the stock
suffering its biggest one-day decline in its history on its
heaviest ever volume.

The plunge came after the oilfield company, which was spun
off by Oil States International Inc earlier this year,
said it would not convert to a real estate investment trust,
instead relocating to Canada for tax purposes.

Sep 29, 2014

Wall St falls, but off lows of the session

NEW YORK, Sept 29 (Reuters) – U.S. stocks were lower on
Monday, but major indexes were off their lows of the day as
investors once again used market weakness as a chance to add to
positions.

The losses were modest but broad; all ten primary S&P 500
sectors fell on the day, led by energy shares, which
were down 0.8 percent.

Sep 29, 2014

Wall St slumps in broad decline; volume heavy

NEW YORK, Sept 29 (Reuters) – U.S. stocks were sharply lower
on Monday, extending the previous week’s decline on heavy volume
as investors monitored the continued civil unrest in Hong Kong
for any potential impact on Chinese growth.

The day’s losses were broad, with nine of the ten primary
S&P 500 sectors lower on the day. The only group to rise,
utilities, are viewed as a defensive play and were up
less than 0.1 percent. Energy stocks were the biggest
losers, off 1.1 percent.

Sep 29, 2014

Futures point to lower open amid Hong Kong unrest

NEW YORK, Sept 29 (Reuters) – U.S. stock index futures
pointed to a weaker open on Monday, with investors monitoring
the continued civil unrest in Hong Kong for any potential impact
on Chinese growth.

The decline indicated by futures suggested that Wall
Street’s recent weakness would continue despite a solid rally in
Friday’s session. Last week, major indexes suffered their
biggest weekly loss in the past eight.

Sep 29, 2014

Oppenheimer sees near-term S&P weakness, would buy on dips

NEW YORK, Sept 29 (Reuters) – U.S. stock index futures are
pointing to a solidly lower open on Monday, but if recent trends
hold, investors may use the decline as an opportunity to add to
positions.

The S&P 500 hasn’t had a correction – defined as a 10
percent pullback from a peak – since 2012. While the benchmark
index has had multiple pullbacks of much smaller magnitudes,
profit hunting has prevented steeper losses, a strategy
Oppenheimer endorsed in a note to clients on Monday.

Sep 29, 2014

DreamWorks, Athlon rally on deal news

NEW YORK, Sept 29 (Reuters) – DreamWorks Animation SKG
and Athlon Energy were among the biggest movers
in the premarket session on Monday, with both names rallying on
deal news.

Shares of DreamWorks soared after a person with knowledge of
the situation said Japan’s SoftBank Corp was in talks
to buy the company. The talks were first reported by the
Hollywood Reporter, which quoted an unidentified source as
saying a buyout would value DreamWorks at $3.4 billion.