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Stock Market & Financial Investment News

News Breaks
November 26, 2012
10:00 EDTSRPT, SMBL, BP, ATRS, RLGY, SNDK, DNKN, LNCO, Z, RDS.A, AAPLOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Apple (AAPL) initiated with a Buy at Citigroup... BP (BP) initiated with an Outperform at Exane BNP Paribas... Dunkin' Brands (DNKN) initiated with a Buy at UBS... Royal Dutch Shell (RDS.A) initiated with an Underperform at Exane BNP Paribas... SanDisk (SNDK) initiated with an Outperform at Credit Suisse... Silicon Laboratories (SLAB) initiated with an Outperform at Pacific Crest... Smart Balance (SMBL) initiated with a Top Pick at RBC Capital... Zillow (Z) initiated with an Equal Weight at Morgan Stanley... Sarepta (SRPT) initiated with an Outperform at Burrill... Realogy (RLGY) initiated with a Buy at CRT Capital... LinnCo (LNCO) initiated with a Strong Buy at Raymond James... Antares Pharma (ATRS) initiated with a Buy at Guggenheim.
News For A;SNDK;SMBL;Z;RLGY;SRPT;LNCO;ATRS From The Last 14 Days
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January 27, 2016
14:34 EDTSNDKNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 68c... Qualcomm (QCOM), consensus 90c... Texas Instruments (TXN), consensus 69c... McKesson (MCK), consensus $3.13... PayPal (PYPL), consensus 35c... Las Vegas Sands (LVS), consensus 65c... eBay (EBAY), consensus 50c... Crown Castle (CCI), consensus $1.10... Vertex (VRTX), consensus 17c... Discover (DFS), consensus $1.30... SanDisk (SNDK), consensus 89c... ServiceNow (NOW), consensus 8c... Lam Research (LRCX), consensus $1.43... Citrix Systems (CTXS), consensus $1.19... Hologic (HOLX), consensus 42c... Juniper (JNPR), consensus 59c... Cavium (CAVM), consensus 28c... Cirrus Logic (CRUS), consensus 81c.
11:13 EDTSNDKCiti mixed on hard disk drive makers, says sell Seagate, buy Western Digital
Citi initiated coverage of hard disk drive, or HDD, maker Western Digital (WDC) with a Buy rating, as the firm is relatively bullish on the company's acquisition of flash memory developer SanDisk (SNDK). Conversely, Citi started coverage of the other major hard disk drive maker, Seagate (STX), with a Sell rating, saying that actions it has taken to cope with the decline of the sector "may only help so much." Stating that the sector has begun a decline that should last for quite some time, the firm believes that Western Digital's actions to cope with this situation are more effective than those taken by its competitor. WHAT'S NEW: Western Digital's pending acquisition of SanDisk makes the company more stable, and will raise its margins and profits, according to Citi analyst Stanley Kovler. The deal will increase Western Digital's earnings per share by a greater amount than if the company had continued its shares buybacks, the analyst added. Conversely, Seagate is trying to lower its costs and improve its products and execution, Kovler noted. The company also entered the solid state drive market, he stated. Given Seagate's limited exposure to markets other than HDD and the "malaise" in that market, the company may seek to make a "potentially transformative" acquisition, the analyst stated. But in light of its "limited financial flexibility," such a deal could limit its ability to return cash to shareholders, Kovler warned. Moreover, any acquisition made by the company may not be large enough to "fully transform" Seagate, according to Kovler, who set a $53 price target on Western Digital and a $23 price target on Seagate. PRICE ACTION: In late morning trading, Western Digital fell 1% to $44.83 and Seagate lost 1.6% to $27.29.
10:36 EDTSNDKOptions with increasing implied volatility: SNDK GMCR
06:41 EDTSNDKSeagate initiated with a Sell at Citi
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06:38 EDTSNDKWestern Digital initiated with a Buy at Citi
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06:37 EDTSNDKSanDisk initiated with a Buy at Citi
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January 26, 2016
15:59 EDTSNDKUnisplendour has financing for Western Digital-SanDisk deal, dealReporter says
11:42 EDTSNDKOptions with increasing call volume; TEX MTW MTG SEE KBH SNDK WDC VALE VIAB PII
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10:52 EDTSNDKStocks with call strike movement; SNDK FB
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10:32 EDTSNDKOptions with increasing implied volatility: CLDX SNDK GMCR RAD
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10:06 EDTSRPTOptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT GNC ALKS CALM NFLX CREE FFIV COH ISRG IBM
09:30 EDTSNDKWestern Digital, SanDisk deal should go through, Summit Research says
Summit Research analyst Srini Sundararajan said he thinks that the Unisplendour investment in Western Digital (WDC) is more than likely to be stalled, if not blocked, given the current political climate, but he also believes Western Digital planned for this contingency and that its deal with SanDisk (SNDK) should still go through. Additionally, Sundararajan said he believes CFIUS stepping in to block Philips' (PHG) sale of its Lumileds LED and automotive lighting unit to GO Scale Capital is a positive development for Cree (CREE), which should be pleased that a "flood the market" Chinese competitor has not been given the green light.
08:04 EDTATRSAntares Pharma appoints Robert Apple as CEO
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January 25, 2016
10:27 EDTSNDKOptions with increasing implied volatility: CLDX INSY SNDK
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10:22 EDTSRPTOptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT SPWR NFLX CREE FFIV ISRG TIF MXIM QIHU IBM
10:00 EDTSNDKOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Eagle (AEO) downgraded to Hold from Buy at BB&T... American Express (AXP) downgraded on weak revenue outlook at Argus... Bristol-Myers (BMY) downgraded to Market Perform from Outperform at BMO Capital... Caterpillar (CAT) downgraded to Sell from Neutral at Goldman... Crestwood Equity (CEQP) downgraded to Neutral on potential distribution cut at Baird... Cummins (CMI) downgraded to Neutral from Buy at Citi... Federal Realty (FRT) downgraded to Hold from Buy at Evercore ISI... GKN PLC (GKNLY) downgraded to Neutral from Outperform at Credit Suisse... Galapagos NV (GLPG) downgraded to Neutral from Buy at GoldmanvHortonworks (HDP) downgraded to Perform from Outperform at Oppenheimer... International Flavors (IFF) downgraded on headwinds at Stifel... International Paper (IP) downgraded to Neutral from Buy at Citi... JPMorgan (JPM) downgraded to Neutral from Buy at Nomura... KapStone (KS) downgraded to Underperform from Neutral at Macquarie... Mosaic (MOS) downgraded to Neutral from Overweight at JPMorgan... NetSuite (N) downgraded to Equal Weight from Overweight at Stephens... ONEOK Partners (OKS) downgraded to Neutral at Baird... OvaScience (OVAS) downgraded to Perform from Outperform at Oppenheimer... Packaging Corp. (PKG) downgraded to Neutral from Buy at Citi... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... Power Solutions (PSIX) downgraded to Neutral from Overweight at Piper Jaffray... Raymond James (RJF) downgraded to Neutral from Buy at Nomura... Regeneron (REGN) downgraded to Sell from Neutral at Chardan... SanDisk (SNDK) downgraded to Underperform from Outperform at CLSA... Toll Brothers (TOL) downgraded to Market Perform from Outperform at JMP Securities... Twitter (TWTR) downgraded to Hold from Buy at Stifel... WPX Energy (WPX) downgraded to Sector Perform from Outperform at Iberia... WestRock (WRK) downgraded to Neutral from Buy at BofA/Merrill... Whole Foods (WFM) downgraded to Underperform from Market Perform at BMO Capital... Zurich Insurance (ZURVY) downgraded to Neutral from Outperform at Exane BNP Paribas.
08:04 EDTAAgilent's Dako announces FDA expanded approval of Dako PD-L1 IHC 28-8 pharmDx
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07:47 EDTZZillow price target lowered to $32 from $38 at Canaccord
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07:37 EDTSNDK, SNDKSanDisk downgraded to Underperform from Outperform at CLSA
CLSA analyst Mark Heller downgraded SanDisk (SNDK) to Underperform due to weakening NAND fundamentals and higher deal risk. The analyst does not believe Western Digical (WD) can walk away from the deal due to weakening fundamentals, but is more cautious on Unisplenour's investment in Western Digital and the share pullback. Heller said Western Digital's shareholders would decide on SandDisk if Unisplendour were to step away. Heller lowered his price target to $70 from $86 on SanDisk shares.
07:10 EDTSNDKWestern Digital pricing in 'extreme bear case,' says Jefferies
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