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Stock Market & Financial Investment News

News Breaks
April 22, 2013
10:20 EDTEQIX, BHP, HXL, AAPL, AEM, SKX, MDC, FHN, CIR, ABBV, VMI, LBAI, USG, PRGO, JCI, EADSY, BZH, VFC, NFLX, BRD, MIG, HESOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AbbVie (ABBV) upgraded to Overweight from Equal Weight at Morgan Stanley... BHP Billiton (BHP) upgraded to Overweight from Neutral at HSBC... Beazer Homes (BZH) upgraded to Outperform from Neutral at Credit Suisse... CIRCOR (CIR) upgraded to Buy from Hold at BB&T... EADS (EADSY) upgraded to Outperform from Sector Perform at RBC Capital... Equinix (EQIX) upgraded to Overweight from Equal Weight at Stephens... First Horizon (FHN) upgraded to Neutral from Sell at Compass Point... Hess Corp. (HES) upgraded to Overweight from Equal Weight at Barclays... Johnson Controls (JCI) upgraded to Outperform from Neutral at RW Baird... M.D.C. Holdings (MDC) upgraded to Neutral from Underperform at Credit Suisse... Meadowbrook Insurance (MIG) upgraded to Outperform at Keefe Bruyette... Perrigo (PRGO) upgraded to Overweight from Neutral at JPMorgan... Skechers (SKX) upgraded to Buy from Hold at BB&T... USG (USG) upgraded to Neutral from Underperform at Credit Suisse... Brigus Gold (BRD) upgraded to Buy from Neutral at Global Hunter... Agnico-Eagle (AEM) upgraded to Buy from Neutral at Global Hunter... Netflix (NFLX) upgraded to Neutral from Sell at B. Riley... Apple (AAPL) upgraded to Buy from Hold at BGC Partners... Lakeland Bancorp (LBAI) upgraded to Outperform from Neutral at Macquarie... VF Corp. (VFC) upgraded to Outperform from Neutral at Wedbush... Valmont (VMI) upgraded to Outperform from Neutral at Wedbush... Hexcel (HXL) upgraded to Outperform from Sector Perform at RBC Capital.
News For ABBV;BHP;BZH;CIR;EQIX;EADSY;FHN;HES;JCI;MDC;MIG;PRGO;SKX;BRD;USG;AEM;NFLX;LBAI;AAPL;VFC;VMI;HXL From The Last 14 Days
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January 13, 2015
12:15 EDTABBVExpress Scripts CEO says Gilead relationship 'important' going forward
Express Scripts (ESRX) CEO George Paz at the J.P. Morgan Healthcare Conference said his company's relationship with Gilead (GILD) is "important" going forward. Paz said his company's goal is not to exclude drugs. He continues to discuss Express Scripts's deal with AbbVie (ABBV) and the company's goal of saving clients money with regards to healthcare costs.
11:57 EDTNFLXNetflix, Kudelski Group enter product relationship, resolve patent litigation
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11:50 EDTMDC, BZHKB Home comments hit shares of Homebuilders
Shares of companies in the Homebuilders space declined after KB Home (KBH) said on its earnings conference call that it will not meet its housing gross profit margin goal in 2015. KB cautioned that there is "still much work to do be done" to achieve its financial goals going forward. The homebuilder noted that as Q4 progressed, demand in some of its markets softened. It expects gross margins in Q1 to be down "significantly" from the year-ago period. Publicly traded companies in the space include Beazer Homes (BZH), D.R. Horton (DHI), Hovnanian (HOV), Lennar (LEN), M.D.C. Holdings (MDC), PulteGroup (PHM), Ryland Group (RYL) and Toll Brothers (TOL). The stocks moved lower following KB's comments.
11:44 EDTMDC, BZHHomebuilders decline after KB says won't hit 2015 housing margin goal
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10:59 EDTAAPLApple rises after Credit Suisse, Canaccord hike iPhone estimates
Shares of Apple (AAPL) are climbing after two research firms issued upbeat notes on the company in notes to investors today. WHAT'S NEW: Credit Suisse analyst Kulbinder Garcha upgraded Apple to Outperform from Market Perform. The company should sell 215M iPhones in both fiscal 2015 and fiscal 2016, Garcha estimated. Meanwhile, Apple's gross margins are being boosted by the increased popularity of both its 64 GB memory phones and of the IPhone 6 Plus, the analyst stated. Garcha increased his earnings per share estimate for the iPhone maker by 18% in fiscal 2015 and 20% in fiscal 2016. Additionally, the firm believes excessive net cash levels indicate a new $200B return program should occur. The analyst thinks the shares can reach $130 at least. After analyzing surveys in the U.S. that took place in December and into January, Canaccord analyst T. Michael Walkley said the surveys showed strong demand and market share gains for the new iPhones. The analyst increased his iPhone estimates for Apple's December quarter, as well as his estimates for the company's overall December quarter results. The increases were based on the positive demand trends, particularly for models with higher memory levels and prices, Walkley stated. He expects these positive trends to continue and reiterated a $135 price target and Buy rating on the shares. PRICE ACTION: In mid-morning trading, Apple climbed $3.39, or 3.1%, to $112.64.
10:00 EDTAAPLOn The Fly: Analyst Upgrade Summary
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09:36 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL AMD AA TWTR GILD C CELG TSLA GOOG
09:07 EDTAAPLOn The Fly: Pre-market Movers
HIGHER: Apple (AAPL), up 1.4% after Credit Suisse upgraded Apple to Outperform and raised its iPhone volume estimates again... Best Buy (BBY), up 2.8% after being upgraded to Buy from Neutral at Goldman... SunPower (SPWR), up 2.6% after being upgraded to Outperform at Credit Suisse... Alcoa (AA), up 2% after Q4 results beat expectations. RISING AFTER GUIDANCE: Pharmacyclics (PCYC), up 17.5%... CTI BioPharma (CTIC), up 8.3%... Emulex (ELX), up 15.5%... ARIAD (ARIA), up 2.6%. LOWER: ChannelAdvisor (ECOM), down 42% following preliminary fourth quarter revenue guidance and after receiving multiple analyst downgrades... Antares Pharma (ATRS), down 7.7% after the FDA recommended that the company create a larger safety database for its clinical development program for QuickShot Testosterone.
08:16 EDTJCIVersar-Johnson Controls JV awarded $2M contract from Air Force
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08:02 EDTHXLHexcel long-term guidance positive, says RBC Capital
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07:36 EDTAAPLApple survey suggests demand remains strong, says Canaccord
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07:18 EDTAAPLQuanta ramps up production of 12-inch MacBook Air, DigiTimes reports
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06:50 EDTEADSYBoeing, Airbus could be hurt by oil tumble, NY Times says
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06:21 EDTAAPLApple upgraded at Credit Suisse
As previously reported, Credit Suisse upgraded Apple to Outperform from Neutral. The firm raised iPhone volume estimates again to 215M units for both FY15/16 and sees $10 EPS power in CY16 based on a solid and sustainable iPhone trends combined with a muted response from Samsung. Additionally, the firm believes excessive net cash levels indicate a new $200B return program should occur. Price target raised to $130 from $110.
06:20 EDTAAPLApple supplier shows 'unbreakable' smartphone with sapphire display, WSJ says
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06:18 EDTAAPLSilicon Valley shuttle drivers looking to unionize, USA Today reports
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06:16 EDTEADSYChina Aircraft Leasing firms up order for 100 Airbus A320 Family aircraft
China Aircraft Leasing Company firmed up its contract in December 2014 with Airbus for 100 A320 Family aircraft. The order comprises 74 A320neo, 16 A320ceo and 10 A321ceo. Including this new order, CALC’s total backlog with Airbus stands at 140 A320 Family aircraft.
06:12 EDTEADSYAirbus to equip long-haul jets with floatable black boxes, AFP reports
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06:09 EDTAAPLApple implied volatility of 38 at upper end of index mean range
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06:06 EDTAAPLApple upgraded to Outperform from Neutral at Credit Suisse
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