GoPro shares gain ahead of earnings release

Shares of GoPro Inc. rose for a third session on Monday ahead of the company’s earnings release. The maker of the action cameras is projected to post second-quarter earnings of 26 cents a share on revenue of $395 million when it reports results on Tuesday, according to analysts surveyed by FactSet. GoPro shares were last up 4.8% to $59.34. The stock is up 43% over the past 12 months but is down 6% year to date.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Thor Equities buys into downtown Delray Beach with repossessed building

By Brian Bandell

Thor Equities, a New York developer that specializes in emerging urban markets, has bought into bustling downtown Delray Beach by acquiring a repossessed building.

The company has made headlines in South Florida recently by purchasing properties in Miami’s Design District and Wynwood as their popularity as retail destinations has grown. Now Thor Equities has turned its attention to downtown Delray Beach, which many people are calling the region’s hottest hangout north of Miami.

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From:: biz journal foreclosures

5 Ideas for Summer Entertaining Made Easy

By H. Camille Smith

Long summer days and entertaining go hand-in-hand. After all, we might as well celebrate the extra hours of sunlight by kicking back with a few of our favorite people while enjoying a refreshing cocktail and tasty nibbles. Take your summer soiree from just fun to, ahem, funtastic with these 5 clever ideas.

SET UP A POPCORN BAR

Whether due to food sensitivities or picky palates, serving a crowd-pleasing snack that won’t bust your budget can be tough. Enter the serve-yourself popcorn bar. Lactose- and gluten-free, air-popped popcorn is a low-cal/high-fiber snack that most everyone enjoys. Pair freshly-popped kernels with sweet and savory toppings and let guests help themselves.

Self-Serve Popcorn Bar

TRY BOOZY FROZEN DESSERTS

What would summer be without a frosty frozen dessert? And, what’s a party without a few adult beverages? Combine the two and beat the heat with this refreshing red wine sorbet.

MAKE AN (EASY!) CENTERPIECE

A beautiful centerpiece makes any get-together feel more special, but they can be pricey. No worries, we have 10 ideas for DIY-ing a florist-worthy centerpiece on the cheap, like this bright arrangement featuring wildflowers and citrus slices.

Flowers in Glass Pitcher

JUST ADD PARTY GAMES

Backyard games are a surefire way to break the ice between guests who may be meeting for the first time. Badminton, croquet, bocce or horseshoes are all safe bets — or, using basic woodworking skills and our instructions, you can turn a wood pallet into a DIY cornhole game.

DIY Cornhole Game

LEARN TO TAKE YOUR PARTY ANYWHERE

We all equate tailgates with fall football season, but kids’ soccer games and long summer days spent at the beach or lake are equally good times to take the party on the road. Our 10 tips will help you tailgate like an all-star.

10 Tips for Hosting a Winning Tailgate

For more ways to party like a pro any time of the year, check out our 10 Tips for Easy Entertaining special feature. And, tell us in the comments below, how are you celebrating this summer?

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From:: HGTV

U.S. stocks open slightly higher; Nasdaq hits record

The Nasdaq Composite hit a fresh record at the open on Monday, while modest opening gains on the S&P 500 put the benchmark index within shouting distance of all-time closing high. U.S. stocks’ march higher was supported by upbeat earnings reports. The Nasdaq Composite began the day up 12 points, or 0.2% at 5,221. The S&P 500 opened 2 points, or 0.1%, higher at 2,129, a point below its record closing level. The Dow Jones Industrial Average added 22 points, or 0.1%, to 18,109.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Greece repays €6.8 billion to creditors using bridge loan: reports

Athens on Monday spent a large chunk of its bridge loan from the EU to repay its international creditors, including the International Monetary Fund and the European Central Bank, media reports said. The Greek government paid 4.2 billion euros ($4.56 billion) in principal and interest to the ECB that were due on Monday and cleared €2.05 billion in arrears to the IMF. Greece also repaid €500 million to the Greek central bank, according to Reuters. The EU on Friday approved a bridge loan of €7.16 billion to Greece, aimed at helping the government meet its Monday repayment to the ECB. Greece’s banks reopened on Monday after being shut for three weeks, although most of the capital controls remained in place. The country’s stock market stayed closed.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Kas Partners wins foreclosure auction for Fort Lauderdale office condos

By Brian Bandell

Kas Partners submitted the winning bid to repossess some office condos in Fort Lauderdale.

The Coral Gables-based company managed by Daniel Stuzin won a $4.1 million foreclosure judgement against Museum Plaza Holdings and Mordechai Boaziz over a $3.1 million mortgage. The loan was originated by Great Florida Bank, which was acquired by Florida Community Bank. Kas Partners purchased the loan from the bank.

Kas Partners won the July 16 foreclosure auction by submitting a $100 credit bid, which was… …read more

From:: biz journal foreclosures

Exelixis shares surge 47% as kidney cancer drug trial yields positive results

Shares of biotech Exelixis Inc. surged almost 50% in premarket trade Monday, after the company reported positive results in a late-stage trial of a kidney cancer drug. Exelixis said the phase 3 trial comparing cabozantinib to everolimus in 658 patients with metastatic renal cell carcinoma met its primary endpoint. Cabozantinib reduced the risk of disease progression or death by 42 percent compared to the everolimus arm, the company said in a statement. Kidney cancer is one of the top ten most common forms of cancer among men and women, according to the American Cancer Society. Exelixis shares are up 171% in the year so far, while the S&P 500 has gained 3.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Amazon upgraded as it catches up to Macy’s in apparel sales

Amazon.com Inc. was upgraded to outperform from market perform at Cowen on Monday on expectations that it will dethrone Macy’s as the largest U.S. apparel retailer by 2017. Analyst John Blackledge said Cowen’s monthly retail tracker survey shows continued increases in apparel sales on Amazon.com as the company improves its selection and fulfillment capabilities. In the first half of 2015, Amazon’s U.S. apparel purchaser growth has accelerated 36% year-over-year, compared with 28% growth in the year-earlier period, according to Cowen. The growth was even larger among prime subscribers, coming in at 57%. Blackledge raised his price target on the stock to $565 from $435. Shares of Amazon climbed 1.5% in premarket trade, putting them on track for a record open.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

United Technologies’ stock should be bought now, Sterne Agee analyst says

United Technologies’ stock should be bought at current levels, said Sterne Agee analyst Peter Arment on Monday, who said the company’s sale of its Sikorsky Aircraft business after 86 years of ownership represents a “positive first step” in the transformation of its business portfolio. Arment said while Sikorsky generated about 10% of United Technologies’ (UTX) sales, it only accounted for 6.5% of its profits. He said the sale removes a significant portion of the headline risk from the government’s defense budget, and allows the company to return a large amount of cash to shareholders without reducing balance sheet flexibility to pursue other acquisitions. Earlier Monday, UTX agreed to sell Sikorsky to Lockheed Martin for $9 billion. The stock, which rose 1.4% in premarket trade, has lost 5% over the past three months, while the Dow Jones Industrial Average has gained 0.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Amazon’s stock heads for fresh record after analyst upgrade

Amazon.com Inc.’s stock rallied 1.7% in premarket trade, putting it on track to open at another record, after Wedbush Securities upgraded the e-commerce giant, citing significant growth opportunities in its Amazon Web Services, Prime Instant Video and payments businesses. Analyst Michael Pachter raised his rating to outperform from neutral, and boosted his 12-month stock price target to $575, after being at $435 for the past 15 months. Since started reporting on its AWS business as separate segment, he believes it will produce dramatic profit growth in the coming years as operating margins expand. Pachter said the greater-than-expected sales traction from Amazon’s Prime Day sales event last Wednesday should help produce faster growth in Amazon Prime, which in turn could add at least $2 billion to revenue from capturing PayPal payments. He also expects Amazon to post better-than-expected second-quarter results, when it reports after Thursday’s closing bell. The stock has soared 24% over the past three months through Friday, while the S&P 500 has gained 1.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News