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Stock Market & Financial Investment News

News Breaks
August 4, 2014
10:33 EDTCMLP, ZQK, OCN, TKMR, D, ENB, ABC, CIE, AEPHigh option volume stocks
High option volume stocks: ABC TKMR CMLP JNK ENB OCN AEP D ZQK CIE
News For ABC;TKMR;CMLP;ENB;OCN;AEP;D;ZQK;CIE From The Last 14 Days
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December 16, 2014
08:31 EDTDDominion to acquire Carolina Gas Transmission from SCANA for $492.9M
06:45 EDTOCNRegulator says Ocwen reports unreliable, NY Times reports
A monitor put in place as part of a mortgage settlement between banks and the government said he could not rely on information provided by Ocwen Financial, according to The New York Times.The monitor, Joseph Smith, Jr., said he concluded that he could not rely on Ocwen's reports for the first half of 2014, the newspaper explained. Ocwen said it would seek to allay Smith's concerns, The Times reported.
December 15, 2014
15:33 EDTAEPAmerican Electric files automatic mixed securities shelf
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10:00 EDTCIEOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: UPS (UPS) downgraded to Hold from Buy at Deutsche Bank... CGG SA (CGG) downgraded to Underperform from Market Perform at Raymond James... Ford (F) downgraded to Hold from Buy at Deutsche Bank... Cenovus Energy (CVE) downgraded to Market Perform from Outperform at BMO Capital... Cobalt (CIE) downgraded to Neutral from Buy at Goldman... Gastar Exploration (GST) downgraded to Neutral from Buy at SunTrust... Itau Unitbanco (ITUB) downgraded to Neutral from Buy at Goldman... Methanex (MEOH) downgraded to Outperform from Strong Buy at Raymond James... OGE Energy (OGE) downgraded to Hold from Buy at Jefferies... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Sempra Energy (SRE) downgraded to Neutral from Overweight at JPMorgan... HollyFrontier (HFC) downgraded to Neutral from Buy at BofA/Merrill... CNA Financial (CNA) downgraded to Market Perform from Outperform at William Blair... Allergan (AGN) downgraded to Hold from Buy at Stifel... RF Micro Devices (RFMD) downgraded to Neutral from Buy at DA Davidson.
05:43 EDTCIECobalt downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Cobalt International Energy to Neutral saying reduced crude oil prices lowers the value of the company's deepwater exploration. The firm dropped its price target for shares to $9 from $13.
December 12, 2014
16:06 EDTOCNOcwen announces $253M early buyout of mortgages from Ginnie Mae pools
Ocwen Financial announced the purchase of 1,705 delinquent FHA-insured loans with a principal balance of $253.1M from Ginnie Mae pools for which Ocwen Loan Servicing was already the servicer. The purchase was made by the company's mortgage servicing arm, Ocwen Loan Servicing, and closed on December 1. On the same day, the Ginnie Mae EBO Loans were sold to an unrelated third party. Ocwen Loan Servicing will remain the servicer of the loans. Ocwen's Ginnie Mae buyout program began in the first quarter of 2014. "We expect to execute more such purchases in the next few months, as long as market conditions are favorable," said John Britti, Chief Investment Officer.
13:31 EDTOCNOcwen misdating issue being reviewed by Treasury, Inside Mortgage Finance says
Ocwens misdating of loan modification letters has been a subject of focus for the NYDFS, as widely reported, but in the Treasury Department is now also reviewing what impact Ocwen's misdating may have had on the Making Home Affordable program, reported Inside Mortgage Finance. Reference Link
December 11, 2014
16:13 EDTZQKQuiksilver sees Q1 revenue $340M, consensus $384M
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16:12 EDTZQKQuiksilver sees FY15 revenues $1.48B-$1.55B, consensus $1.62B
Sees FY15 gross margins 49.5%-51%, pro-forma Adjusted EBITDA $80M-$90M, and capital expenditures to be below $25M.
16:08 EDTZQKQuiksilver reports Q4 EPS (29c), consensus (11c)
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15:13 EDTZQKNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Adobe Systems (ADBE), consensus 30c; Quiksilver (ZQK), consensus (11c); Nordson (NDSN), consensus $1.13; Dominion Diamond (DDC), consensus 27c.
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.
08:12 EDTDDominion resumed with a Buy from Neutral at Citigroup
Citigroup upgraded Dominion Resources to Buy after resuming coverage of the stock and raised its price target for shares to $85 from $74. Citi also added the name to its Focus List. The firm expects drop downs to drive strong cash flows for Dominion.
December 10, 2014
10:33 EDTCIEOptions with increasing implied volatility
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December 8, 2014
11:30 EDTABCLeerink generics pharmaceutical analyst holds analyst/industry conference call
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10:00 EDTDOn The Fly: Analyst Initiation Summary
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10:00 EDTCIEOn The Fly: Analyst Downgrade Summary
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06:27 EDTDDominion initiated with a Market Perform at Wells Fargo
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06:14 EDTCIECobalt downgraded to Neutral from Buy at Citigroup
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December 4, 2014
10:09 EDTENBHigh option volume stocks
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