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Stock Market & Financial Investment News

News Breaks
October 9, 2012
11:21 EDTAEZS, SNX, AIV, LAZ, IBM, NTAP, JNPR, DELL, LXK, HPQ, FFIV, PIR, CSCO, CAT, AAPLOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Apple (AAPL) initiated with a Neutral at Nomura... Caterpillar (CAT) initiated with a Neutral at Piper Jaffray... Cisco (CSCO) initiated with a Buy at Buckingham... Dell (DELL) initiated with a Sell at Citigroup... F5 Networks (FFIV) initiated with a Neutral at Buckingham... Hewlett-Packard (HPQ) initiated with a Sell at Citigroup... IBM (IBM) initiated with a Buy at Citigroup... Juniper (JNPR) initiated with a Neutral at Buckingham... Lazard (LAZ) initiated with a Sell at UBS... Lexmark (LXK) initiated with a Sell at Citigroup... NetApp (NTAP) initiated with a Neutral at Citigroup... Pier 1 Imports (PIR) initiated with a Buy at Deutsche Bank... SYNNEX (SNX) initiated with a Neutral at Citigroup... Aeterna Zentaris (AEZS) initiated with a Buy at Maxim... Aimco (AIV) initiated with a Buy at MLB Equity.
News For AAPL;CAT;CSCO;FFIV;DELL;IBM;HPQ;JNPR;LAZ;LXK;NTAP;PIR;SNX;AEZS;AIV From The Last 14 Days
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May 11, 2015
11:37 EDTAAPLApple expanding renewable energy projects in China
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11:24 EDTAAPLUBS says Apple Watch could become 'must-have' device, but not yet
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10:14 EDTCATAnalyst says buy Caterpillar, Joy Global before mining bottoms
The shares of Joy Global (JOY) and Caterpillar (CAT) are climbing after research firm Baird analyst Mircea Dobre upgraded both names, citing a potential bottom in commodity prices. Both companies develop mining equipment. WHAT'S NEW: In a note to investors earlier today, Baird's Dobre upgraded Joy Global and Caterpillar to Outperform from Market Perform. There are signs that the worst of the downturn in commodity prices may have passed, the analyst stated. Additionally, the shares of both Caterpillar and Joy Global historically bottom three to five quarters before mining equipment shipments rebound, according to Dobre. Consequently, investors who wait for evidence of a turnaround in the companies' mining equipment bookings may be late to the party, the analyst warned. Both stocks have now underperformed the market by amounts that are similar to their worst underperfomance during the early 1980s commodity bust, according to Dobre, who raised the price target on Caterpillar to $101 from $80 and on Joy Global to $62 from $45. PRICE ACTION: In early trading, Joy Global climbed nearly 4% to $43.64 and Caterpillar rose 1.5% to $88.60.
09:59 EDTNTAPOn The Fly: Analyst Downgrade Summary
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09:59 EDTCSCO, CATOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded to Outperform from Neutral at Exane BNP Paribas... Caterpillar (CAT) upgraded to Outperform at Baird... Cisco (CSCO) upgraded to Outperform with $36 target at Pacific Crest... Evolution Petroleum (EPM) upgraded to Outperform from Market Perform at Northland... Hecla Mining (HL) upgraded on hedging discipline at Roth Capital... Joy Global (JOY) upgraded to Outperform from Neutral at Baird... Monster Beverage (MNST) upgraded to Buy from Neutral at Citigroup... Nokia (NOK) upgraded to Outperform from Neutral at Exane BNP Paribas... On Deck Capital (ONDK) upgraded to Neutral from Sell at Sterne Agee CRT... Royal Caribbean (RCL) upgraded to Outperform from Neutral at Wedbush... SMC (SMECF) upgraded to Buy from Neutral at Goldman... Sally Beauty (SBH) upgraded to Outperform from Market Perform at Raymond James... Southwestern Energy (SWN) upgraded to Overweight from Equal Weight at Barclays... Sprouts Farmers Markets (SFM) upgraded to Outperform at BMO Capital... Suburban Propane (SPH) upgraded on positive outlook at Stifel... Suffolk Bancorp (SUBK) upgraded to Outperform from Market Perform at Keefe Bruyette... Syngenta (SYT) upgraded to Buy from Neutral at UBS... Triumph Group (TGI) upgraded to Outperform from Sector Perform at RBC Capital... United Natural Foods (UNFI) upgraded to Overweight from Equal Weight at Stephens... Web.com (WWWW) upgraded to Buy from Hold at Deutsche Bank... Zillow Group (Z) upgraded to Buy from Neutral at SunTrust.
09:56 EDTAAPLIDC: Apple leads smartphone vendors in China during Q1
IDCís latest Mobile Phone Tracker shows the China smartphone market contracted by 4% year-on-year with 98.8M units shipped in the first quarter of 2015. This is the first time in six years that the China smartphone market declined YoY as the market continues to mature. On a QoQ basis, the market contracted 8% on the back of a large inventory buildup at the end of last year. The study said Apple (AAPL) was the top smartphone vendor in China in the first quarter, with consumers still having a strong appetite for the larger screens on the iPhone 6 and iPhone 6 Plus. Xiaomi slipped to the second position as it faced strong competition from other vendors in the low to mid-range segment of the market, while Huawei maintained third position as it saw a good uptake in the mid-range segment. Samsung (SSNLF) and Lenovo (LNVGY) both led the market at least once last year, but rankings have since changed quickly, highlighting the volatility of consumers' brand preference in China. Reference Link
09:37 EDTCSCO, AAPLActive equity options trading on open
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09:02 EDTCATCaterpillar upgraded to Outperform at Baird
As reported previously, Baird upgraded Caterpillar to Outperform from Neutral as the firm noted the stock's meaningful underperformance over the past four years and its history of having never underperformed the broader market for five consecutive years. Baird raised its price target to $101 from $80 on Caterpillar shares.
08:41 EDTAAPLApple Watch may become 'must have' as interface to internet, says UBS
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08:11 EDTSNXMacquarie to hold a conference
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07:50 EDTHPQHP awarded IT services contract by California WCDS
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07:29 EDTNTAPNetApp cut to sell on competition concerns at Pacific Crest
Pacific Crest downgraded NetApp (NTAP) to Underperform from Sector Perform saying the company's competitive threats are likely to increase this summer with new storage appliances from Nimble (NBML), Pure, Nutanix, Solidfire and Tintri as well as Amazon entering the Cloud network-attached storage space. The assigns a fair value target of $32 for shares. NetApp closed Friday up 8c to $35.65.
07:22 EDTCSCOCisco upgraded to Outperform with $36 target at Pacific Crest
Pacific Crest upgraded Cisco to Outperform from Sector Perform saying improving fundamentals and cloud momentum can drive multiple expansion in the second half of 2015 and into 2016. The firm believes the upcoming April quarter results could signify the start of a multi-quarter recovery driven by new product cycles across switching, routing, wireless and servers. It set a $36 price target for shares. Cisco closed Friday up 42c to $29.23.
06:44 EDTAAPLFiat Chrysler CEO met with Apple, Tesla CEOs, Reuters says
During a trip to California, Fiat Chrysler (FCAU) CEO Sergio Marchionne met with Apple (AAPL) CEO, Tim Cook, and Tesla (TSLA) CEO Elon Musk, reports Reuters, citing Marchionne. Marchionne also vowed that the company would make a stronger attempt in the luxury SUV market, Reuters adds. Reference Link
06:34 EDTCSCOCisco upgraded to Outperform from Sector Perform at Pacific Crest
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06:34 EDTNTAPNetApp downgraded to Underperform from Sector Perform at Pacific Crest
06:30 EDTFFIVF5 Networks management to meet with SunTrust
Meeting to be held in Seattle on May 11 hosted by SunTrust.
06:23 EDTCATCaterpillar upgraded to Outperform from Neutral at Baird
06:05 EDTCSCOSpherix issued standard-essential patent by USPTO
Spherix (SPEX) announced that the United States Patent & Trademark Office, or USPTO, is issuing the company another standard-essential patent. The company has received from the USPTO an issue notification for patent RE45521, set to issue on May 19. This patent is part of the same family of standard-essential patents currently being litigated against both Cisco (CSCO) and Verizon (VZ). The patented technology relates to the transmittal of data over a network and further enhances the company's existing portfolio.
05:05 EDTAAPLApple announces environmental initiatives in China
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