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Stock Market & Financial Investment News

News Breaks
March 20, 2013
10:03 EDTWAC, SPRD, BBRY, WAG, PLCM, ABC, SYNT, CMIOn The Fly: Analyst Upgrade SummaryWalter Investment
Today's noteworthy upgrades include: AmerisourceBergen (ABC) upgraded to Buy from Neutral at Citigroup... BlackBerry (BBRY) upgraded to Overweight from Underweight at Morgan Stanley... Cummins (CMI) upgraded to Outperform from Market Perform at William Blair... Polycom (PLCM) upgraded to Buy from Neutral at Goldman... Spreadtrum (SPRD) upgraded to Buy from Hold at Jefferies... Syntel (SYNT) upgraded to Neutral from Negative at Susquehanna... Walgreen (WAG) upgraded to Buy from Sell at Citigroup... Walter Investment (WAC) upgraded to Buy from Neutral at Sterne Agee... Walter Investment (WAC) upgraded at Sterne Agee.
News For ABC;BBRY;CMI;PLCM;SPRD;SYNT;WAG;WAC From The Last 14 Days
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December 16, 2014
10:05 EDTWACWalter Investment says Green Tree passes all metrics tested by OSMO
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07:02 EDTBBRYVodafone to use loan to buy $750M of BlackBerry offerings, Globe and Mail says
Canada has agreed to lend $850M to Vodafone (VOD), which will use $750M of the funds to buy products and services from BlackBerry (BBRY), according to Globe and Mail. Reference Link
December 15, 2014
12:43 EDTBBRYBlackBerry short squeeze possible after launch, earnings, Goldman says
Shares of BlackBerrry (BBRY) could undergo a short squeeze this week, driven by the launch of the company's new BlackBerry Classic smartphone and the company's earnings conference call, Goldman Sachs wrote in a note to investors today. WHAT'S NEW: The launch of the Classic on Wednesday, along with BlackBerry's earnings conference call on Friday, could generate a short squeeze in BlackBerry's stock, Goldman analyst Simona Jankowski wrote. BlackBerry's Q3 earnings per share should be "largely in-line" with the consensus outlook, as higher hardware revenues should be more than offset by a decline in legacy service revenues, the analyst stated. However, the company's EPS for its quarter ended in February should beat expectations, driven by the launch of the Classic, Jankowski forecast. Still, she kept a Neutral rating on the stock. WHAT'S NOTABLE: According to Jankowski, the short interest in BlackBerry shares has risen to 21%. PRICE ACTION: In early afternoon trading, BlackBerry fell 1.7% to $9.67. The stock is off its low for the day of $9.40. BlackBerry shares have dropped about 12% over the last three months.
10:37 EDTBBRYBlackBerry could undergo short squeeze this week, says Goldman
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07:36 EDTBBRYBlackBerry December volatility elevated into Q3 and outlook
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December 11, 2014
13:19 EDTBBRYMicrosoft dropped by Ford for in-car sync system, Re/code reports
Ford's (F) Sync 3 in-car entertainment and mapping system will use a version of BlackBerry's (BBRY) QNX operating system, replacing Microsoft (MSFT) technology that had been used in the prior two versions, Re/code reports. The QNX-powered system adds more features, including a capacitive touch screen and the ability to get software updates over Wi-Fi. Ford said in a statement that its "hardware and software decisions were based on identifying the technology that would best meet the expectations for performance by our customers." Reference Link
09:59 EDTBBRYBlackBerry December volatility increases into Q3 and outlook
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08:32 EDTABCAmerisourceBergen price target raised to $104 from $83 at Argus
Argus increased its price target on AmerisourceBergen after the company reported stronger than expected Q4 results. The firm is confident in the company's ability to improve its profitability while sustaining its organic top-line growth in fiscal 2015. Argus keeps a Buy rating on the shares.
08:28 EDTWAGWalgreen CEO retirement a positive, says Citigroup
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07:28 EDTWAGCBI to hold a summit
2nd Specialty Data Optimization Summit is being held in Philadelphia on December 11.
December 10, 2014
18:31 EDTWAGOn The Fly: After Hours Movers
UP AFTER EARNINGS: Restoration Hardware (RH), up 5.9%... Casey's General Stores (CASY), up 1.6%. ALSO HIGHER: Walgreen (WAG), up 1.7% after CEO Greg Wasson announces intention to retire after Alliance merger. DOWN AFTER EARNINGS: Wet Seal (WTSL), down 38.9%... Lakeland Industries (LAKE), down 8.2%... Men's Wearhouse (MW), down fractionally. ALSO LOWER: Burlington Stores (BURL), down 1.4% after filing to sell 8M shares of common stock for holders... Nielsen (NLSN), down 1.9% after filing to sell 20M shares of common stock for holders.
16:19 EDTWAGWalgreen CEO Greg Wasson announces retirement after Alliance merger
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10:00 EDTWAGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 3D Systems (DDD) initiated with an Underperform at Longbow... AutoZone (AZO) initiated with a Buy at Nomura... C.H. Robinson (CHRW) initiated with a Neutral at Nomura... CSX (CSX) initiated with a Buy at Nomura... CVS Health (CVS) initiated with a Neutral at Citigroup... Canadian National (CNI) initiated with a Neutral at Nomura... Carrizo Oil & Gas (CRZO) initiated with a Buy at Canaccord... CenterPoint Energy (CNP) initiated with a Neutral at Nomura... Con-way (CNW) initiated with a Neutral at Nomura... Cornerstone OnDemand (CSOD) initiated with a Buy at BofA/Merrill... Depomed (DEPO) initiated with an Outperform at RBC Capital... Dollar General (DG) initiated with a Buy at Citigroup... Dollar Tree (DLTR) initiated with a Neutral at Citigroup... Dynagas LNG (DLNG) initiated with a Buy at ABN Amro... EMC (EMC) initiated with a Neutral at JPMorgan... Energy Focus (EFOI) initiated with a Buy at Roth Capital... Expeditors (EXPD) initiated with a Neutral at Nomura... GasLog (GLOG) initiated with a Buy at ABN Amro... Genesee & Wyoming (GWR) initiated with a Neutral at Nomura... Golar LNG (GLNG) initiated with a Sell at ABN Amro... HII Technologies (HIIT) initiated with a Buy at Roth Capital... Hudbay Minerals (HBM) initiated with an Overweight at Barclays... J.B. Hunt (JBHT) initiated with a Buy at Nomura... Kansas City Southern (KSU) initiated with a Buy at Nomura... Kroger (KR) initiated with a Buy at Citigroup... Lear (LEA) initiated with a Buy at Northcoast... Lundin Mining (LUNMF) initiated with an Overweight at Barclays... NetApp (NTAP) initiated with a Neutral at JPMorgan... Norfolk Southern (NSC) initiated with a Neutral at Nomura... PROS (PRO) initiated with an Outperform at Pacific Crest... Qlik Technologies (QLIK)initiated with a Buy at BofA/Merrill... Rentokil (RTOKY) initiated with a Neutral at UBS... Revolution Lighting (RVLT) initiated with a Buy at Roth Capital... ServiceNow (NOW) initiated with a Buy at BofA/Merrill... Stratasys (SSYS) initiated with a Neutral at Longbow... Suburban Propane (SPH) initiated with a Hold at Stifel... Tableau (DATA) initiated with a Buy at BofA/Merrill... Teekay LNG (TGP) initiated with a Buy at ABN Amro... Tessera (TSRA) initiated with a Buy at Sidoti... Union Pacific (UNP) initiated with a Buy at Nomura... Viper Energy (VNOM) initiated with a Buy at Stifel... Visteon (VC) initiated with a Buy at Northcoast... Walgreen (WAG) initiated with a Buy at Citigroup... Werner (WERN) initiated with a Neutral at Nomura.
06:18 EDTWAGWalgreen initiated with a Buy at Citigroup
Target $80.
December 9, 2014
10:23 EDTWAGOn The Fly: Analyst Downgrade Summary
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08:50 EDTBBRYBlackBerry CEO says China entry won't be rushed, won't include takeover
BlackBerry (BBRY) Executive Chairman and CEO John Chen, in a post to his LinkedIn account entitled "Don't Believe The Hype," stated that he has recently I’ve been advised to capitalize on Kim Kardashian’s pronouncements that BlackBerry phones are her “heart and soul,” or talk up plans to enter the China market, "however preliminary they are today." Chen said BlackBerry's focus right now is on extending its security foundation with new solutions for the enterprise and that it "cannot and will not" chase sensationalism. "As for China, rest assured that we are developing a well-thought out plan that will take into account many factors, including timing and our long-term strategy. It won’t be rushed because it’s exciting or turned away from because of security concerns. And it won’t include a takeover," Chen wrote in his post. Reference Link
06:11 EDTWAGWalgreen downgraded to Neutral from Buy at Mizuho
Mizuho downgraded Walgreen to Neutral based on limited EPS upside, sub-par base business organic growth, execution risk with Alliance Boots due to management turnover, international and currency risk, and valuation. Price target is $72.
December 8, 2014
11:30 EDTWAG, ABCLeerink generics pharmaceutical analyst holds analyst/industry conference call
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December 5, 2014
10:18 EDTBBRYBlackBerry calls active on renewed takeover chatter
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09:44 EDTBBRYRumor: BlackBerry moves up on renewed takeover chatter
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