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Stock Market & Financial Investment News

News Breaks
January 8, 2013
15:03 EDTAA, APOL, GPN, MGCompanies reporting After the Market Close on Tuesday, January 8
Notable companies reporting after the bell include Alcoa (AA), Apollo Group (APOL), Global Payments (GPN) and Mistras Group (MG).
News For AA;APOL;GPN;MG From The Last 14 Days
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October 22, 2014
06:46 EDTGPNGlobal Payments tracking ahead of plan, says Deutsche Bank
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October 21, 2014
07:39 EDTGPNGlobal Payments management to meet with Deutsche Bank
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07:34 EDTAPOLApollo Education sees 1Q15 revenue $720M-$730M, consensus $763.70M
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07:33 EDTAPOLApollo Education sees FY15 revenue $2.8B-$2.85B, consensus $2.80B
07:32 EDTAPOLApollo reports Q4 University of Phoenix New Degreed Enrollment down 5.9%
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07:31 EDTAPOLApollo Education reports Q4 EPS from cont. ops. ex-items 34c, consensus 27c
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October 15, 2014
09:02 EDTAAAlcoa to sell stake in Jamalco to Noble
Alcoa and Noble Group announced the signing of a definitive agreement that will result in Alcoa World Alumina and Chemicals selling 100% of its ownership stake in the Jamalco bauxite mining and alumina refining joint venture to Noble for $140M. AWAC will continue as the managing operator for three years under a compensated service agreement and employees will remain employed by Jamalco. The Jamalco joint venture is 55% owned by Alcoa Minerals of Jamaica and 45% owned by Clarendon Alumina Production. AMJ is part of the AWAC joint venture, owned 60% by Alcoa and 40 percent by Alumina. CAP is a company wholly owned by the Government of Jamaica. The sale is subject to customary regulatory approvals, and is expected to close by the end of Q4. As a result of the transaction, Alcoa will record a non-cash loss of approximately $80M-$100M, or between 7c-9c per share, after-tax and non-controlling interest in Q4. This sale is in line with Alcoa’s strategy to create a globally competitive commodity business.
09:01 EDTAAAlcoa to sell stake in Jamalco to Noble
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07:07 EDTAPOLFor profit education positive catalysts outweigh negative, says Wells Fargo
Wells Fargo expects for-profit education stocks to benefit from improved hiring trends and a sale by Corinthian of its assets that, according t othe firm ,would set a valuation floor for the sector. The firm continues to believe that the final gainful employment rule will be neutral to positive for the group. Wells favors the option value on the long side for the sector. Publicly traded companies in the space include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon (LOPE), ITT Educational (ESI) and Strayer (STRA).
October 14, 2014
16:00 EDTAAOptions Update; October 14, 2014
iPath S&P 500 VIX Short-Term Futures down 40c to 39.11. Option volume leaders: AAPL TSLA TWTR AMZN GILD C JNJ AA NFLX PBR according to Track Data.
October 13, 2014
09:39 EDTAAActive equity options trading on open
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October 10, 2014
17:14 EDTAAMarket ends week lower amid global growth worries
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11:51 EDTAAUpdate: Alcoa upgraded to Strong Buy from Buy at Tigress Financial
Tigress Financial upgraded Alcoa to Strong Buy from Buy and added it to the Focus List. The analyst believes Alcoa's transition to a higher value-added business will drive increasing profits and shareholder returns. Tigress would be aggressive buyers of shares.
October 9, 2014
12:46 EDTAPOLDoE policy changes a negative for select Education stocks, says Deutsche Bank
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09:38 EDTAAActive equity options trading on open
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09:20 EDTAAOn The Fly: Pre-market Movers
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08:45 EDTAAAlcoa shares should be bought, says Sterne Agee
After Alcoa reported stronger than expected results, Sterne Agee believes that the results were strong, as the leverage it is achieving from right sizing its cost structure is exceeding expectations. The firm thinks the company is executing well and keeps an $18 price target on the name.
08:17 EDTAAAlcoa results highlight success of transformation strategy, says Bernstein
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07:35 EDTAAAlcoa restructuring continues as productivity improves, says UBS
UBS said special items tied to restructuring masked strong performance across the board for Alcoa. The firm sees an ongoing transformation with global demand continuing to grow and believes the company is well positioned to increase its revenues in various markets. UBS reiterates its Neutral rating but raises its price target on Alcoa to $17.75 from $16.50.
07:35 EDTAAFutures mixed following yesterday’s big advance
U.S. equity futures are trading near fair value after the market had its best single session of the year yesterday. The market reversed its losing ways following the release of the FOMC minutes which suggested the Fed may use incoming data, rather than a set timetable, as a basis for determining when to raise rates. Last night, earnings season kicked off , as Alcoa's (AA) results beat Wall Street estimates, providing hope for a positive earnings season.

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