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Stock Market & Financial Investment News

News Breaks
June 2, 2014
10:13 EDTPFPT, TRI, MTN, SNV, TRIP, NWE, IMUC, CENX, ADS, PACW, MSCC, FANG, BCEI, AA, OIS, KRA, CWCO, BIG, AAVOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Advantage Oil & Gas (AAV) upgraded at RBC Capital... Alcoa (AA) upgraded at BofA/Merrill... Alliance Data (ADS) upgraded to Buy from Neutral at Nomura... Big Lots (BIG) upgraded to Buy from Hold at Benchmark Co.... Bonanza Creek (BCEI) upgraded at Raymond James... Century Aluminum (CENX) upgraded at BofA/Merrill... Consolidated Water (CWCO) upgraded to Buy from Hold at Brean Capital... Diamondback Energy (FANG) upgraded at SunTrust... ImmunoCellular (IMUC) upgraded at Roth Capital... Kraton Performance (KRA) upgraded at SunTrust... Magnum Hunter (MHR) upgraded at Stifel... Microsemi (MSCC) upgraded to Buy from Neutral at Goldman... NorthWestern (NWE) upgraded to Buy from Hold at KeyBanc... Oil States (OIS) upgraded to Buy from Neutral at Sterne Agee... PacWest Bancorp (PACW) upgraded at DA Davidson... Proofpoint (PFPT) upgraded at Sterne Agee... Synovus (SNV) upgraded at Raymond James... Thomson Reuters (TRI) upgraded to Buy from Hold at TD Securities... TripAdvisor (TRIP) upgraded at Pacific Crest... Vail Resorts (MTN) upgraded to Overweight from Equal Weight at Evercore.
News For AAV;AA;ADS;BIG;BCEI;CENX;CWCO;FANG;IMUC;KRA;MSCC;NWE;OIS;PACW;PFPT;SNV;TRI;TRIP;MTN From The Last 14 Days
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July 23, 2015
09:02 EDTAAAlcoa completes acquisition of RTI International
Alcoa (AA) announced that it has completed the acquisition of RTI International Metals (RTI). The merger, announced on March 9, became effective today. Under the terms of the merger agreement, each share of RTI common stock has been converted into the right to receive 2.8315 shares of Alcoa common stock, plus an amount of cash in lieu of fractional shares of Alcoa common stock. Alcoa expects RTI to contribute $1.2 billion in revenue in 2019, up from $794 million that RTI generated in 2014, with 65 percent of revenues supported by contracts over the next five years. RTI’s profitability is expected to reach 25 percent EBITDA margin in 2019. Contracts that underpin RTI’s growth include the recently announced contract with Airbus for finished titanium structural supply parts for the new A350-1000 aircraft program. Under the agreement, Alcoa will supply titanium parts for the fuselage, among other components. Alcoa expects global aerospace sales growth of 8 to 9 percent in 2015. Projections for 2016 and 2017 sales growth have nearly doubled to 8 and 13 percent, from 4 to 5 percent and 6 percent, respectively, showing the ongoing strength of the sector. Eighty percent of RTI’s revenues in 2014 were from the aerospace and defense industries. With RTI, Alcoa’s 2014 pro forma aerospace revenue increases by 13 percent to $5.6 billion. RTI is being integrated as a standalone business unit into Alcoa’s downstream Engineered Products and Solutions segment.
07:47 EDTADSAlliance Data reports Q2 LoyaltyOne revenue down 15% to $302M
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07:34 EDTADSAlliance Data sees Q3 core EPS $3.90, consensus $3.97
Sees Q3 revenue $1.52B, consensus $1.62B. Expects Q3 foreign exchange headwinds of $56M to revenue and $11M to adjusted EBITDA, included in Q3 guidance.
07:33 EDTADSAlliance Data raises FY15 core EPS view to $15.00 from $14.90, consensus $14.97
Backs FY15 revenue view $6.5B, consensus $6.56B.
07:32 EDTADSAlliance Data reports Q2 core EPS $3.32, consensus $3.25
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06:12 EDTNWENorthWestern agrees to purchase Beethoven wind QF project for $143M
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06:11 EDTNWENorthWestern backs FY15 EPS view of $3.10-$3.30, consensus $3.17
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06:10 EDTNWENorthWestern reports Q2 EPS 65c, consensus 45c
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July 22, 2015
15:26 EDTADSNotable companies reporting before tomorrow's open
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15:24 EDTBCEIBonanza Creek unaware of reason for underperformance beyond commodity weakness
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13:33 EDTTRIPTripAdvisor July weekly volatility elevated into Q2 and outlook
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July 21, 2015
08:34 EDTTRIPTripAdvisor shares should be bought on any weakness, says Oppenheimer
Oppenheimer is upbeat on the 2H15 outlook for online travel, due partly to what it says are higher inventories, improving site traffic, and a solid industry backdrop. The firm says that TripAdvisor's site traffic is accelerating, while its mobile conversions appear to be improving. Consequently, the firm is more confident that the company's hotel inventory is selling well. Oppenheimer introduced a $105 price target on TripAdvisor and reiterated an Outperform rating on the name.
06:34 EDTSNVSynovus reports Q2 EPS 40c, consensus 39c
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July 20, 2015
15:01 EDTSNVNotable companies reporting before tomorrow's open
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05:48 EDTTRIPTripAdvisor price target raised to $100 from $92 at Ascendiant
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July 17, 2015
14:37 EDTPFPTUCLA Health says 4.5M individuals' data possibly exposed in cyber attack
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10:56 EDTPFPTCVS investigates credit card breach at online photo unit, KrebsOnSecurity says
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July 15, 2015
09:17 EDTPFPTProofpoint checks positive, says Wedbush
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07:36 EDTADSAlliance Data reports June average receivables up 33% to $11.09B
Reports June net charge-offs as percentage of receivables 4.4% vs. 4.5% last month. Reports June net charge-offs $40.21M. Reports June delinquency rate 4.1% vs. 3.9% last month.
07:06 EDTPACWPacWest Bancorp reports Q2 EPS 83c, consensus 70c
Reports Q2 revenue $222.18M, consensus $212.8M. Reports Q2 book value per share $34.46. Reports Q2 Tier 1 capital ratio 12.87%.
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