News 

Notable Thursday Option Activity: TWTR, DISH, GPS

“That number works out to 88.2% of TWTR’s average daily trading volume over the past month, of 23.4 million shares” writes Bnk Invest for nasdaq.com. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 78.1% of DISH’s average daily trading volume over the past month, of 1.9 million shares.That number of contracts represents approximately 4.8 million underlying shares, working out to a sizeable 63.9% of GPS’s average daily trading volume over the past month, of 7.5 million shares.Looking at options trading activity among components…

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Vivendi ready to sell part of Mediaset stake at a loss to end legal row: sources

“The sources said Vivendi would sell all the shares held by Simon Fiduciaria” writes Midwest Communications Inc for 95kqds.com. That compares with the 3.7 euros per share paid by Vivendi in 2016 to build its 29% stake, which Mediaset considers hostile.One of the sources said that in order “to show its goodwill” Vivendi was prepared to sell the Mediaset shares held by its Simon Fiduciaria trustee at a price of 3.25 euros each.The price of 3.25 euros a share stands halfway between what Vivendi originally paid and the withdrawal price…

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Dow flat despite losses in shares of Procter & Gamble, Visa

“The Dow DJIA, -0.10% was most recently trading 3 points, or 0.0%, lower, as shares of Procter & Gamble PG, -1.36% and Visa V, -1.13% are contributing -8% of the index’s intraday losses” reports marketwatch.com. Procter & Gamble’s shares are off $1.53 (1.3%) while those of Visa have declined $1.78 (1.0%), combining for an approximately 22-point drag on the Dow.Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. Source: marketwatch.com

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Markets News Stocks 

AMD share gains will start getting harder, analyst says in downgrade

“Richard said that AMD has been successful in growing its market share in recent quarters” writes Emily Bary for marketwatch.com. AMD’s stock is up 122% on the year, while Lam shares are up 101% and KLA shares are up 94%.AMD shares are off about 2.1% in Thursday morning trading but have retained the top spot on the S&P 500’s SPX, -0.13%  year-to-date leaderboard for the time being.He estimates that PC and server revenue increased 81% on a year-over-year basis in the third quarter, while Intel Corp.’s INTC, +0.22%  fell by…

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News Stocks 

Xerox says it’s ‘determined’ to pursue HP buyout and ‘confused’ that its offer was rejected

“Our offer represents a 57% premium to Goldman’s price target and a 29% premium to HP’s 30-day volume weighted average trading price of $17.”” writes Emily Bary for marketwatch.com. In the letter from Xerox Chief Executive John Visentin, he said he was “confused” that HP’s board rejected Xerox’s acquisition offer of $22 a share, which consisted of $17 a share in cash and 0.137 Xerox shares for each HP share.XRX, +1.44% sent a letter to HP Inc.’s HPQ, +0.69% board on Thursday, writing that it is “determined to expeditiously pursue”…

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Brokers Markets News 

Charles Schwab and TD Ameritrade’s reported tie-up means a wave of consolidation is afoot, experts say

“That resulted in some of the heaviest selling pressure for the those brokers in years, including smaller rivals E-Trade Financial Corp” writes Mark Decambre for marketwatch.com. CNBC reported, before the opening bell for markets on Thursday, that Schwab was in talks to acquire TD Ameritrade, in a deal that would create a discount-brokerage giant boasting about $5 trillion in assets and nearly 20,000 employees.On Thursday, shares of E-Trade were down 9% while shares of Interactive Brokers were down about 0.1%. Source: marketwatch.com

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Brokers News 

Report: Charles Schwab in talks to buy TD Ameritrade

“Upon news breaking of the rumored imminent announcement, CNBC says TD Ameritrade shares surged over 20%, with Charles Schwab shares up over 5%” reports fastcompany.com. The two brokerage firms are the largest publicly traded houses, with Charles Schwab having a market cap of $57.5 billion and TD Ameritrade at $22.4 billion.The change has forced brokerage houses to try to find new ways to keep profits up, and combining the two biggest brokerage firms could help the companies compete against others, like Fidelity, that offer the same benefits to consumers. Source: fastcompany.com

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News Stocks 

Applied Materials, KLA and Lam Research stocks fall after UBS turns bearish

“Applied shares are off 3.2% in premarket trading Thursday, while KLA shares are down 3% and Lam shares are off 2.4%” writes Emily Bary for marketwatch.com. LRCX, -0.95% to sell from neutral while double downgrading shares of KLA Corp.UBS analysr Timothy Arcuri turned bearish on three semiconductor-equipment names late Wednesday, downgrading shares of Applied Materials Inc.He sees Lam as “best positioned on a relative basis” but still worries that it’s “hard to escape [the] peaking near-term [wafer-fab equipment] run rate.”.  Source: marketwatch.com

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Asia stocks decline amid concerns ‘phase one’ US-China trade deal may not be signed in 2019

“Japan’s Nikkei 225 slipped 0.73% in afternoon trade, with shares of Tokyo Electron falling more than 3%” writes Eustance Huang for cnbc.com. Asia stocks traded lower Thursday afternoon following a report that an anticipated “phase one” trade deal between the U.S. and China may not be inked by the end of 2019.The U.S. dollar index, which tracks the greenback against its peers, was at 97.885 after seeing highs around 98.0 yesterday.Reuters reported, citing trade experts and people close to U.S. President Donald Trump’s administration, the completion of a partial trade…

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Asian shares slide as Sino-U.S. spat on Hong Kong clouds trade deal outlook

“Asked Wednesday about the status of the China deal, Trump told reporters in Texas: “I don’t think they’re stepping up to the level that I want.”” writes Midwest Communications Inc for 95kqds.com. U.S. West Texas Intermediate (WTI) crude futures were down 0.18% at $56.91 per barrel in early Thursday trade.U.S. S&P500 futures dropped 0.2% in early Asian trade, a day after MSCI’s broadest gauge of world stocks fell 0.4%, the biggest fall since early October.Trump said on Oct. 11 that deal could take as long as five weeks, and investors…

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