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Stock Market & Financial Investment News

News Breaks
November 2, 2012
09:51 EDTVRTX, MTL, IRDM, FLR, EXC, SPR, LPNT, HTGC, FSLR, EPL, RRD, LVS, GES, FIATY, SAM, ABX, AAWWOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Atlas Air (AAWW) downgraded to Equal Weight from Overweight at Stephens... Barrick Gold (ABX) downgraded to Market Perform from Outperform at BMO Capital... Boston Beer (SAM) downgraded to Outperform from Buy at CLSA... Energy Partners (EPL) downgraded to Accumulate from Buy at Global Hunter... Exelon (EXC) downgraded to Hold from Buy at Jefferies... Fiat (FIATY) downgraded to Neutral from Buy at UBS... First Solar (FSLR) downgraded to Hold from Buy at Cantor... Fluor (FLR) downgraded to Neutral from Outperform at RW Baird... Guess (GES) downgraded to Hold from Buy at Jefferies... Hercules Technology (HTGC) downgraded to Neutral from Outperform at RW Baird... Iridium (IRDM) downgraded to Fair Value from Buy at CRT Capital... Las Vegas Sands (LVS) downgraded to Hold from Buy at Cantor... LifePoint Hospitals (LPNT) downgraded to Hold from Buy at Cantor... Mechel (MTL) downgraded to Neutral from Overweight at JPMorgan... R.R. Donnelley (RRD) downgraded to Neutral from Buy at CL King... Spirit AeroSystems (SPR) downgraded to Neutral from Outperform at Cowen... Vertex (VRTX) downgraded to Sell from Neutral at Goldman.
News For AAWW;ABX;SAM;EPL;EXC;FIATY;FSLR;FLR;GES;HTGC;IRDM;LVS;LPNT;MTL;RRD;SPR;VRTX From The Last 14 Days
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August 25, 2015
14:09 EDTGESGuess volatility elevated into Q2 and outlook
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13:55 EDTEXCExelon downgraded to Neutral from Buy at Guggenheim
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12:42 EDTEXCExelon, Pepco to review options regarding D.C. commission decision
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12:20 EDTEXCOn The Fly: Top stock stories at midday
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12:08 EDTEXCOptions with increasing volume: EXC POM MDLZ EWJ WBA MW F KMI
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12:00 EDTEXCPublic Service Commission of D.C. denies Pepco/Exelon merger application
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11:41 EDTFSLRSolarCity rises again after Chairman Musk buys shares
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11:34 EDTEXCPepco plunges after D.C. commission rejects Exelon merger
The Public Service Commission of the District of Columbia voted 2 to 1 that the merger of Pepco Holdings (POM) and Exelon (EXC) is not in the public interest and that Exelon failed to prove the benefit to customer. Following the news, Pepco shares have dropped 15% to $22.96, while Exelon shares are down nearly 3% to $31.70.
11:31 EDTEXCD.C. PSC rejects Exelon, Pepco Holdings merger
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11:28 EDTEXCPepco Holdings, Exelon drop sharply
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09:26 EDTLPNTRBC Capital to hold a bus tour
Healthcare Bus Tour travels throughout Nashville, TN to visit with various healthcare companies on August 25-26.
August 24, 2015
16:46 EDTFSLRPresident Obama announces new renewable energy commitments
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13:36 EDTVRTXBiotech correction presents some opportunities, says RBC Capital
RBC Capital analyst Michael Yee said he won't try to pick the short-term bottom in biotech, but contends that any macro weakness in China shouldn't have any major impact to financials or fundamentals for the sector given their minimal exposure there. If the market continues to be volatile, Yee recommends a focus on names with defensive characteristics, such as higher margins and free cash flow yield, naming Amgen (AMGN), Celgene (CELG) and Gilead (GILD) as some examples. The analyst adds that he likes Vertex (VRTX) on the pullback for "more aggressive" growth investors. Yee has Outperform ratings on all of the stocks mentioned above.
11:09 EDTFSLRGoldman says SolarCity attractive after sharp pullback
SolarCity (SCTY) shares are climbing in the down market after Goldman Sachs contended in a note to investors today that the stock is attractive following its recent sharp retreat, The company probably won't be affected by issues that are causing investors to worry about the solar sector, the firm believes. WHAT'S NEW: Noting that SolarCity's stock had tumbled 27% in the last month before today's open, Goldman Sachs analyst Brian Lee wrote that the shares are being dragged down by worries about financing and cost of capital that are affecting the entire solar sector. However, he contended that these issues are having only a "limited" impact on SolarCity. On August 13, the company successfully sold asset-backed securities and it said that more such sales are likely to occur in the near-term, Lee noted. Meanwhile, SolarCity isn't being affected by the cost of capital increases that other solar companies are experiencing, the analyst reported. Before today's open, the stock was near a two year low, even though SolarCity's fundamentals are still "strong," Lee believes. Additionally, the largest U.S. solar trade show, which is expected to begin on September 14, could boost solar stocks, as it has historically been a catalyst for the sector, the analyst stated. SolarCity may provide guidance about the outlook for its Silevo solar panel manufacturing subsidiary in the second half of 2015, and the guidance could boost the stock, Lee believes. The risk/reward ratio of SolarCity's stock is positive, according to the analyst, who has a Conviction List Buy and $85 price target on the shares. OTHERS TO WATCH: Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunEdison (SUNE), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). PRICE ACTION: In late morning trading, SolarCity advanced 5.3% to $43.18.
08:03 EDTEXCExelon announces outcome of 2018-19 PJM capacity auction
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06:31 EDTRRDR.R. Donnelley Lynchburg. VA facility earns VPP recertification by OSHA
R. R. Donnelley announced that its Lynchburg, VA facility has been recertified to Voluntary Protection Program, or VPP, Star Status by the Occupational Safety & Health Administration, or OSHA. VPP certification is attained only after an organization undergoes a rigorous onsite evaluation conducted by a team of health and safety professionals. Star Status certification is the highest certification level granted by OSHA. RR Donnelley maintains five OSHA VPP Star Status-certified facilities.
August 21, 2015
17:29 EDTEXCPJM releases results for 2018-2019 PJM Interconnection capacity auction
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16:01 EDTLVS, ABXOptions Update; August 21, 2015
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07:17 EDTLVSMacau developments negative, says Wells Fargo
Wells Fargo says that its checks on Macau for August indicate that the region's revenues are trending flat to down this month. According to Wells, in August the region's revenues are historically up 4% versus July. The firm adds that comments by Macau casino owner Galaxy suggest that the market has not yet bottomed. Wells believes that the market has not yet stabilized and remains neutral on Macau stocks, although it remains upbeat on their long-term outlook. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
06:56 EDTFSLRSolar companies spending $1B in Texas projects, WSJ says
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