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Stock Market & Financial Investment News

News Breaks
July 2, 2014
10:00 EDTLMCA, LLY, BAC, ALU, URBN, PKE, HP, DRWI, BHI, ABBV, TRGP, ORCL, ETP, CP, BRGYY, WBMD, PTENOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AbbVie (ABBV) upgraded to Overweight from Equal Weight at Barclays... Alcatel-Lucent (ALU) upgraded to Overweight from Neutral at JPMorgan... BG Group (BRGYY) upgraded to Buy from Hold at Canaccord... Baker Hughes (BHI) upgraded to Neutral from Sell at Guggenheim... Bank of America (BAC) upgraded to Buy from Hold at Deutsche Bank... Canadian Pacific (CP) upgraded to Outperformer from Sector Performer at CIBC... DragonWave (DRWI) upgraded to Buy from Neutral at H.C. Wainwright... Eli Lilly (LLY) upgraded to Equal Weight from Underweight at Barclays... Energy Transfer Partners (ETP) upgraded to Outperform at Wells Fargo... Helmerich & Payne (HP) upgraded to Neutral from Sell at Guggenheim... Liberty Media (LMCA) upgraded at Morgan Stanley... Men's Wearhouse (MW) upgraded at Stifel... Oracle (ORCL) upgraded to Overweight from Neutral at Atlantic Equities... Park Electrochemical (PKE) upgraded to Buy from Hold at Needham... Patterson-UTI Energy (PTEN) upgraded to Neutral from Sell at Guggenheim... Targa Resources (TRGP) upgraded to Conviction Buy from Buy at Goldman... Urban Outfitters (URBN) upgraded to Outperform from Neutral at Macquarie... WebMD (WBMD) upgraded at Stifel.
News For ABBV;ALU;BRGYY;BHI;BAC;CP;DRWI;LLY;ETP;HP;LMCA;ORCL;PKE;PTEN;TRGP;URBN;WBMD From The Last 14 Days
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February 19, 2015
06:47 EDTBACReport shows subprime consumer loans at pre-2007 levels, WSJ says
Equifax (EFX) has released a report stating nearly 40%, or 50M, of auto loans, credit cards, and personal loans during the first 11 months of 2014 were made to subprime customers, the highest levels since the 2007 financial crisis, reports the Wall Street Journal. LendingTree (TREE) Chief Marketing Officer Gabriel Dalporto attributes the growth to nonbank lenders under less regulatory scrutiny than large banks. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
05:07 EDTETPEnergy Transfer Partners reports Q4 continuing operations EPS (27c)
May not compare to consensus 64c. Reports Q4 revenue $12.28B, may not compare to consensus $14.56B.
February 18, 2015
10:05 EDTPTEN, HP, BHIOn The Fly: Analyst Initiation Summary
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08:59 EDTBHISchlumberger, Halliburton, and Baker Hughes estimates cut at Goldman
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08:21 EDTALUBofa European telecom equipment analysts hold analyst/industry conference call
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08:16 EDTALUFreescale Semi, Bell Labs expand partnership to develop network access device
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07:21 EDTBACJPMorgan, Citi top government report of riskiest banks, Reuters reports
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06:56 EDTPTENPatterson-UTI initiated with an Outperform at BMO Capital
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06:53 EDTBHIBaker Hughes initiated with an Outperform at BMO Capital
Target $78.
06:51 EDTHPHelmerich & Payne initiated with a Market Perform at BMO Capital
Target $76.
04:55 EDTORCLStocks with implied volatility movement; MO ORCL
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February 17, 2015
18:06 EDTABBVPaulson & Co gives quarterly update on stakes
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17:13 EDTBHIPoint72 gives quarterly update on stakes
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10:26 EDTBACBank of America reports January default rate 2.93% vs. 3.13% last month
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February 16, 2015
17:24 EDTORCLFIS, Oracle among those exploring Monitise bid, Sky News reports
FIS (FIS) is among the U.S. companies considering a takeover bid for Monitise, the UK mobile banking software manufacturer which put itself up for sale last month, Mark Kleinman of Sky News reports. Other possible bidders include Oracle (ORCL) and IBM (IBM), Kleinman added. He pointed out that all of the takeover discussions are said to be at an early stage. Reference Link
15:22 EDTCPCanadian Pacific enters binding arbitration with Teamsters Canada
Canadian Pacific said it and the Teamsters Canada Rail Conference agreed to enter into binding arbitration, putting an end to the work stoppage by CP's locomotive engineers and conductors. E. Hunter Harrison, CP's CEO said, "While we would have preferred a negotiated settlement, this is the right thing to do at this time." An arbitrator will be appointed by the federal government. No further details are being released at this time. On February 14, CP announced a tentative four-year agreement with its Unifor employees. Details of the tentative agreement are being withheld pending ratification by the Unifor membership.
February 15, 2015
18:10 EDTBHIValueAct buys 30M shares of Halliburton after Baker Hughes deal, Bloomberg says
ValueAct Capital has accumulated a 30M share stake in oilfield-services provider Halliburton (HAL) in addition to its holdings in peer Baker Hughes (BHI) as the investor stands behind an agreed merger of the oilfield-services providers, says Bloomberg. Reference Link
15:35 EDTCPWest coast ports closed to cargo vessels for weekend, Reuters says
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13:44 EDTCPCP disappointed by failed talks with Teamsters Canada Rail Conference
Canadian Pacific is disappointed to announce that negotiations with Teamsters Canada Rail Conference-Running Trades, TCRC, have broken down without an agreement. As a result, the TCRC have indicated they will strike as of 12:01 a.m. on February 15. TCRC represents CP's approximately 3,000 active locomotive engineers and conductors. CP proposed thoughtful, compelling and fair options including wage increases and improved benefit plans. Furthermore, CP proposed changes to work schedules to improve the quality of life for engineers and conductors. TCRC leadership claims that lack of time off is at the heart of its reluctance to negotiate, yet 72% of all engineers and conductors do not take the time off they are entitled to. Furthermore, 60% of the conductors and engineers at CP make between $80,000 and $160,000, while working an average of 31 to 35 hours a week. "We have wanted to make a deal for more than a year, and have been presenting the TCRC leadership with dynamic options and choices to improve the quality of life for employees while driving efficiencies in our business," said E. Hunter Harrison, CP's Chief Executive Officer. "Our conductors and engineers have plenty of options for time off, but the vast majority don't take full advantage of those opportunities. We want to implement a model that allows us to properly schedule crews while maintaining the highest standards of safe railroading" While CP would have preferred a negotiated settlement, at the urging of the Minister of Labour, the railroad agreed to immediate mediation and arbitration to avoid a work disruption. Unfortunately, the TCRC did not agree.
13:40 EDTCPCanadian Pacific and Unifor reach tentative agreement
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