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Stock Market & Financial Investment News

News Breaks
October 25, 2013
10:01 EDTVLCCF, DD, CYS, EFX, EAT, UAL, BSRR, ESI, COLM, AMZN, F, WDC, SHPG, MPWR, FRX, CECO, AAP, MCK, CL, SNE, RMDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Advance Auto Parts (AAP) upgraded to Outperform from Sector Perform at RBC Capital... Amazon.com (AMZN) upgraded to Strong Buy from Market Perform at Raymond James... CYS Investments (CYS) upgraded to Neutral from Underperform at BofA/Merrill... Career Education (CECO) upgraded to Outperform from Market Perform at Wells Fargo... Columbia Sportswear (COLM) upgraded to Neutral from Sell at Citigroup... DuPont (DD) upgraded to Buy from Neutral at Citigroup... Forest Labs (FRX) upgraded to Market Perform from Underperform at BMO Capital... ITT Educational (ESI) upgraded to Neutral from Sell at Compass Point... Knightsbridge Tankers (VLCCF) upgraded to Equal Weight from Underweight at Evercore... Monolithic Power (MPWR) upgraded to Outperform from Perform at Oppenheimer... Sierra Bancorp (BSRR) upgraded to Market Perform from Underperform at Raymond James... ResMed (RMD) upgraded to Buy from Neutral at UBS... Shire (SHPG) upgraded to Buy from Neutral at BofA/Merrill... United Continental (UAL) upgraded to Buy from Neutral at Buckingham... Sony (SNE) upgraded to Outperform from Neutral at Credit Suisse... Western Digital (WDC) upgraded to Hold from Sell at Craig-Hallum... Brinker (EAT) upgraded to Buy from Hold at Wunderlich... Ford (F) upgraded to Outperform from Underperform at CLSA... Colgate-Palmolive (CL) upgraded to Hold from Sell at Canaccord... Equifax (EFX) upgraded to Outperform from Neutral at RW Baird... McKesson (MCK) upgraded to Overweight from Equal Weight at Morgan Stanley.
News For AAP;AMZN;CYS;CECO;COLM;DD;FRX;ESI;VLCCF;MPWR;BSRR;RMD;SHPG;UAL;SNE;WDC;EAT;CL;F;EFX;MCK From The Last 14 Days
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July 22, 2015
06:12 EDTAMZNAmazon.com's Home Services expands to many cities throughout U.S.
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06:08 EDTAMZN, SNESony to create drone company to offer services for business customers, WSJ says
Sony (SNE) plans to create a drone company to offer services like inspecting aged infrastructure and surveying land that is difficult to access, The Wall Street Journal reports. The drone company, Aerosense, will be created in a joint venture with ZMP Inc, a Tokyo startup which specializes in autopilot technology. Amazon (AMZN) and Google (GOOG) are currently researching the use of drones for package delivery, the report notes. Reference Link
05:27 EDTAMZNStocks with implied volatility above IV index mean; XOMA AMZN
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July 21, 2015
11:05 EDTFAfter Jeep hacked, analyst predicts cybersecurity boosts for Harman, Delphi
After Jeep hacked, analyst predicts cybersecurity boosts for Harman, Delphi The shares of Harman (HAR) and Delphi Automotive (DLPH) are rising after Wells Fargo predicted that the companies would benefit from the increasing need to protect cars from cybersecurity attacks after Wired reported on hackers discovering methods that can be used to take control of vehicles. BACKGROUND: Two computer hacking researchers showed that they could seize control of a Jeep Cherokee, made by Fiat Chrysler (FCAU), using a technique called a zero-day exploit, Wired reported today. Using the same technique, the hackers can control "any of thousands of vehicles," the website reported. In the past, they have demonstrated how they were able to take control of a Ford (F) Escape and Toyota (TM) Prius, according to Wired. The hackers' technique involves taking control of vehicles' entertainment systems and sending commands to the vehicles' dashboard functions, steering, brakes, and transmission through their those systems, the website stated. ANALYST REACTION: In a note to investors today, Wells Fargo analyst David Lim responded to Wired's article by saying that cybersecurity has become a significant concern for automakers. Automotive technology suppliers such as Harman (HAR) and Delphi (DLPH) should benefit from auto makers' efforts to protect their vehicles from cyberattacks, Kwas believes. He reiterated Outperform ratings on Harman and Delphi. PRICE ACTION: In morning trading, Harman climbed about 2% to $108 and Delphi rose fractionally to $78.15. This version of the story replaces an earlier one to correct the lead analyst to David Lim.
10:01 EDTCLOn The Fly: Analyst Initiation Summary
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09:40 EDTFJeep Cherokee can be hacked via entertainment system, Wired reports
Hackers Charlie Miller and Chris Valasek demonstrated to Wired how Jeep Cherokees can be hacked via the vehicle’s entertainment system, giving an attacker wireless control of the automobile and its systems. Miller and Valasek previously demonstrated hacks they were able to perpetrate against Ford (F) Escape and Toyota (TM) Prius vehicles, the report noted. Other publicly traded automakers include General Motors (GM), Honda (HMC), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link
07:45 EDTAMZNSell PayPal amid mounting payments competition, Piper says
Shares of PayPal (PYPL) advanced over 5% yesterday in the stock's first day of trading following a split from eBay (EBAY), with the majority of research firms issuing optimistic notes on its prospects. This morning, however, analyst Gene Munster of Piper Jaffray recommends selling the share as competition grows in the digital payments space. BEARS: Munster started shares of PayPal with an Underweight rating, the firm's equivalent of a "Sell," saying increased competition could pressure the stock's multiple over the next 6-24 months. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in his research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal. Of note, Evercore ISI also started coverage of PayPal shares yesterday with a Sell rating. BULLS: Wells Fargo initiated coverage of PayPal yesterday with an Outperform rating, saying the company's unique assets will enable it to maintain its leadership role in digital payments and benefit from the growth of e-commerce. Also upbeat was Robert W. Baird analyst Colin Sebastian, who contends that PayPal has the top pure play online payment system and is continuing to grow its share of the Internet payment market. PayPal should be able to innovate more effectively after its spin-off, added the analyst, who set a $45 price target on the shares. PRICE ACTION: Shares of PayPal are pointing toward further gains in their second day of standalone trading, with the stock up about 2.7% to $41.55 in pre-market trading.
06:13 EDTFFord to launch luxury pickup truck, Reuters reports
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05:34 EDTAMZNPayPal initiated with an Underweight at Piper Jaffray
Piper Jaffray analyst Gene Munster started shares of PayPal (PYPL) with an Underweight rating saying increased competition could pressure the stock's multiple over the next 6-24 months. Underweight is Piper's equivalent of a sell rating. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in a research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal, which began trading yesterday following a spinoff from parent company eBay (EBAY). Shares of the online payment system closed Monday up $2.08 to $40.47.
July 20, 2015
17:20 EDTAMZNAmazon plans $5B investment in India ahead of Prime launch, ET says
Amazon is preparing a total investment of $5B in India and plans to launch Amazon Prime and Amazon Instant Video in the country later this year, the Economic Times reported earlier, citing two people directly familiar with the matter. Reference Link
16:35 EDTCLColgate-Palmolive initiated with a Buy at Sterne Agee CRT
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13:46 EDTAMZNAmazon seen eclipsing Macy's as top U.S. clothing retailer
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13:27 EDTUALUnited Continental 'congratulates' U.S., Cuba on reopening of emabssies
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12:16 EDTFHERE offering free HD map data for automated vehicle tests
HERE, a Nokia (NOK) company, announced it is making high-definition mapping data of sections of public roads in four countries available to all automotive companies to support their highly automated vehicle initiatives. HERE is offering HD mapping data of specific stretches of open road in Silicon Valley and Michigan in the United States, as well as in France and Germany, to all carmakers and automotive suppliers for test purposes. HERE plans to offer data for Japan too later this year. HERE is currently working with more than 10 "leading automotive companies" on automated driving projects, the company said. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
10:00 EDTAMZNOn The Fly: Analyst Upgrade Summary
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08:01 EDTBSRRSierra Bancorp reports Q2 EPS 33c, consensus 31c
Reports Q2 net charge-off $169,000.
07:48 EDTAMZNAmazon.com Q2 results poised to beat expectations, says Bernstein
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06:57 EDTAMZNAmazon.com upgraded to Outperform from Market Perform at Cowen
Cowen analyst John Blackledge upgraded Amazon.com to Outperform based on expectations the company will be number 1 U.S. apparel retailer by 2017, driven by accelerating purchasing growth. Growth is being driven by a much larger selection, ramping 1P brand relationships and superior fulfillment and technology. BlackLedge said Amazon's long-term investment philosophy in massive retail and technology markets is increasingly paying off and should continue to win as it attracts U.S. retail TAM as wall as International e-commerce leadership. Further, he expects Amazon.com's leadership to continue in the fast-growing public cloud market. BlackLedge raised his price target on Amazon shares to $565 from $435.
06:47 EDTAMZNAmazon.com upgraded to Outperform from Neutral at Wedbush
Wedbush analyst Michael Pachter upgraded Amazon.com to Outperform and increased its price target to $575 from $435 on strong fundamentals and significant growth opportunities. Pachter sees faster AWS growth, momentum in the AWS Marketplace, better than expected Prime growth, greater sales traction from Prime Day, and increased likelihood it can add at least $2B in revenue from capturing PayPal payments. The firm's analyst expects solid Q2 revenue on Thursday of $22.4B versus guidance of $20.6B-$22.8B from new Prime members and from incremental AWS accounts.
06:35 EDTSNESony to buy more LCD TV panels in Malaysia, Nikkei Asian Review reports
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