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Stock Market & Financial Investment News

News Breaks
January 15, 2013
08:25 EDTNKE, AA, EVR, TCO, PGThe Brookings Institution to host a forum on manufacturingNewPage Taubman Centers
Brookings holds a discussion entitled, "Fostering Growth Through Innovation" which addresses U.S. manufacturing and government performance. Managing Director Barton of McKinsey & Co., CEO Kleinfeld of Aloca, CEO McDonald of Procter & Gamble, CEO Schlosstein of Evercore Partners, Chairman Knight of Nike, CEO Taubman of Taubman Centers participate in the forum being held in Washington, D.C. on January 15 at 9 am. Webcast Link
News For AA;PG;EVR;NKE;TCO From The Last 14 Days
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May 16, 2013
11:18 EDTAAAlcoa postponing construction of new potline at its Baie-Comeau smelter
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May 14, 2013
08:54 EDTPGProcter & Gamble CFO says 'on-track' with FY sales, cost saving plans
08:46 EDTPGProcter & Gamble repeats FY13 core EPS view $3.96-$4.04, consensus $4.04
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08:06 EDTNKEBofA/Merrill's retail analysts hold an analyst/industry conference call
Global Retail Team discusses key global athletic themes including industry trends, sourcing costs outlook and favorite investment ideas on an Analyst/Industry conference call. Relevant covered companies COLM, COST, DKS, FINL, FL, GES, JNY, NKE, PVH, RL, TGT, UA and WMT may be included on the Analyst/Industry conference call to be held on May 14 at 10 am.
07:25 EDTPGGoldman to host a symposium
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07:00 EDTNKENike price target raised to $75 from $65 at Barclays
Barclays expects Nike to return to gross margin expansion in Q3 and that the re-acceleration of futures in the U.S. and China will drive shares higher. The firm rates Nike an Overweight.
May 10, 2013
07:41 EDTAAAlcoa price target lowered to $6 from $8 at CLSA
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May 9, 2013
10:08 EDTEVROn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Chicago Bridge & Iron (CBI) initiated with a Buy at Deutsche Bank... Fluor (FLR) initiated with a Buy at Deutsche Bank... Infinity Pharmaceuticals (INFI) initiated with an Outperform at Wells Fargo... Jacobs Engineering (JEC) initiated with a Hold at Deutsche Bank... KBR (KBR) initiated with a Buy at Deutsche Bank... MasTec (MTZ) initiated with a Buy at Deutsche Bank... McDermott (MDR) initiated with a Hold at Deutsche Bank... Merit Medical (MMSI) initiated with a Hold at Benchmark Co... Ocean Power (OPTT) initiated with a Strong Buy at Ascendiant Capital... Quanta Services (PWR) initiated with a Buy at Deutsche Bank... ZELTIQ Aesthetics (ZLTQ) initiated with a Buy at Maxim... Evercore Partners (EVR) initiated with a Positive at Susquehanna... Alexander & Baldwin (ALEX) initiated with an Outperform at JMP Securities... Myriad Genetics (MYGN) coverage resumed with an Overweight at Stephens... Pinnacle Foods (PF) initiated with a Buy at Janney Capital.
07:59 EDTEVREvercore Partners initiated with a Positive at Susquehanna
Target $48.
May 8, 2013
14:01 EDTPGAckman has engaged Procter & Gamble on CEO, chair role split, CNBC's Kelly says
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13:43 EDTPGProcter & Gamble mentioned positively by Ackman at Sohn, CNBC's Kelly says
According to CNBC's Kate Kelly, Bill Ackman's Pershing Square holds 29M shares of Procter & Gamble, and Ackman called the company one of the world's great businesses. Reference Link
May 6, 2013
10:49 EDTAACliffs Natural rallies after analyst raises stock to Outperform
Mining company Cliffs Natural (CLF) is climbing after FBR Capital analyst Mitesh Thakkar upgraded the stock to Outperform from Market Perform in a note to investors earlier today. WHAT'S NEW: After meeting with Cliffs' management, Thakkar is more convinced that the company can use various methods to offset declines in iron ore prices. Specifically, Cliffs Natural can reduce its spending on various initiatives, and sell assets to raise cash if necessary, the analyst contended. In addition, there are signs that China's iron ore imports could increase, while Cliffs' stock has slumped 49% this year, making its valuation attractive, the analyst wrote. Thakkar kept a $28 price target on the shares. TODAY'S PRICE ACTION: In mid-morning trading, Cliffs gained 85c, or 4.3%, to $20.75. OTHERS TO WATCH: Other metal producers rose slightly, with Alcoa (AA) adding 0.75% to $8.70, BHP Billiton (BHP) gaining 0.4% to $67.80, and Freeport McMoRan (FCX) gaining 0.75% to $31.40.

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