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Stock Market & Financial Investment News

News Breaks
March 4, 2013
05:55 EDTABCO, ABCO, ABCO, SNCR, SNCR, SNCR, NSIT, NSIT, NSIT, HD, HD, HD, BOFI, BOFI, BOFI, UIS, UIS, UIS, MCRS, MCRS, MCRS, GWW, GWW, GWW, BAS, BAS, BAS, SUSS, SUSS, SUSSRaymond James to host a conference
34th Annual Institutional Investors Conference is being held in Orlando, Florida on March 3-6.
News For ABCO;BAS;GWW;MCRS;UIS;BOFI;HD;NSIT;SNCR;SUSS From The Last 14 Days
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April 24, 2015
06:15 EDTBASBasic Energy cuts FY15 CapEx to be as low as $75M from $100M
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06:11 EDTBASBasic Energy continue to face fierce competition in completion lines of business
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06:11 EDTBASBasic Energy: Q1 results reflect impact of decline in oil prices
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06:11 EDTBASBasic Energy reports Q1 EPS (81c), consensus (81c)
Reports Q1 revenue $261.7M vs. $336.76M last year.
April 23, 2015
16:40 EDTUISUnisys reports Q1 EPS (87c), consensus (92c)
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April 21, 2015
10:01 EDTHDOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Agios Pharmaceuticals (AGIO) initiated with a Perform at Oppenheimer... Bed Bath & Beyond (BBBY) initiated with a Buy at Cantor... BioCryst (BCRX) initiated with an Outperform at FBR... Bovie Medical (BVX) initiated with an Outperform at JMP Securities... Calavo Growers (CVGW) initiated with a Buy at Janney Capital... Clorox (CLX) initiated with a Sector Weight at KeyBanc... Coach (COH) initiated with a Sell, $32 target at Cantor... Compugen (CGEN) initiated with an Outperform at Oppenheimer... Corcept Therapeutics (CORT) initiated with an Outperform at FBR Capital... Criteo (CRTO) initiated with an Outperform at Raymond James... CytRx (CYTR) initiated with an Outperform at FBR Capital... Dollar Tree (DLTR) initiated with a Buy at Cantor... Facebook (FB) initiated with a Buy at Cleveland Research... Gap (GPS) initiated with a Hold at Cantor... Genocea (GNCA) initiated with an Outperform at FBR Capital... Geron (GERN) initiated with an Outperform at Oppenheimer... Home Depot (HD) initiated with a Hold at Cantor... HubSpot (HUBS) initiated with a Buy at Needham... Jernigan Capital (JCAP) initiated with a Buy at Wunderlich... La Jolla (LJPC) initiated with an Outperform, $43 target at Oppenheimer... Lowe's (LOW) initiated with a Hold at Cantor... Lumber Liquidators (LL) initiated with a Buy, $45 target at Cantor... New Residential (NRZ) reinstated with an Outperform at Credit Suisse... Rent-A-Center (RCII) initiated with a Buy at Cantor... Ross Stores (ROST) initiated with a Hold at Cantor... Rubicon Project (RUBI) initiated with an Outperform at Raymond James... SolarCity (SCTY) initiated with an Outperform at Northland... SolarEdge (SEDG) initiated with a Buy at Canaccord... Spectrum Brands (SPB) initiated with an Overweight at KeyBanc... Summit Materials (SUM) initiated with a Buy at BB&T... Synergy Resources (SYRG) initiated with a Buy at KLR Group... Synta Pharmaceuticals (SNTA) initiated with an Outperform at FBR Capital... TJX (TJX) initiated with a Hold at Cantor... Tiffany (TIF) initiated with a Hold at Cantor... TubeMogul (TUBE) initiated with a Market Perform at Raymond James... Urban Outfitters (URBN) initiated with a Buy at Cantor... WhiteWave Foods (WWAV) initiated with a Neutral at Janney Capital... Williams-Sonoma (WSM) initiated with a Hold at Cantor... Zafgen (ZFGN) initiated with an Outperform at FBR Capital.
April 20, 2015
16:21 EDTHDHome Depot initiated with a Hold at Cantor
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April 16, 2015
09:34 EDTBASBasic Energy downgraded to Reduce from Neutral at Global Hunter
07:33 EDTGWWGrainger cuts FY15 EPS to $12.25-$12.95 from $12.60-$13.60, consensus $12.89
Cuts FY15 sales growth to 1%-4% from 3%-7%, consensus $10.31B. The updated guidance reflects changes in new sales representatives and slower macroeconomic growth.
07:32 EDTGWWGrainger expects to add 400 new sales representatives in 2015
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07:32 EDTGWWGrainger CEO Jim Ryan: This was a challenging quarter
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07:31 EDTGWWGrainger reports Q1 adjusted EPS $3.10, consensus $3.11
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07:16 EDTGWWGrainger intends to buy back $3B in common stock, increase dividend
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April 13, 2015
16:18 EDTHDeBay announces executive appointments ahead of PayPal separation
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13:26 EDTBASOn The Fly: Top stock stories at midday
Stocks on Wall Street were mixed at midday, with the Dow and S&P 500 slightly lower and the Nasdaq clinging to a narrow gain. The broader market opened in positive territory and the averages moved in a narrow trading range during the morning. The Nasdaq has been the strongest of the indices since the open, though early gains from Apple (AAPL) and Qualcomm (QCOM) had evaporated by near midday, taking a bite out of the gains the index had been seeing earlier in the session. ECONOMIC EVENTS: In the U.S., no major economic data was released. In China, export sales unexpectedly contracted 15% in March, while imports shrank 12.7% last month from a year ago. The March fall in imports was in line with forecasts, unlike the one for exports, which were expected to rise 12%. COMPANY NEWS: Activist investor Jana Partners is putting pressure on Qualcomm to increase stock buybacks and take other actions to increase shareholder value, including an exploration of spinning off its chip unit from its patent-licensing unit. In response to statements made by JANA, Qualcomm noted that it recently increased its stock repurchase authorization to $15B and repeated that it plans to repurchase $10B of common stock within one year. Barry Rosenstein of JANA Partners, while speaking on CNBC, said Qualcomm should buy back $15B of its shares over the next six months, before the company undertakes strategic actions that could move the stock higher... Apple shares were rising early in the trading day but had given up their gains by midday. Pre-orders of its new Apple Watch started Friday. The company did not release any sales figures for the first weekend, but research firm Slice Intelligence estimated that nearly one million customers in the U.S. preordered the device on the first day it was available. MAJOR MOVERS: Among the notable gainers were Alamos Gold (AGI), which rose 6%, and AuRico Gold (AUQ), which rose 7%, after the companies announced an agreement to combine via "a merger of equals" with a transaction equity value of about $1.5B. Upon completion of the deal, former Alamos and AuRico shareholders will each own approximately 50% of the new Alamos Gold and a new company, to be named AuRico Metals, will be created to hold AuRico's Kemess project and some other assets. The newly formed company will own a 4.9% equity interest in the spinoff and the remaining "SpinCo" shares will be distributed 50% each to former Alamos and AuRico shareholders. Also higher was Builders FirstSource (BLDR), which gained 65% after announcing that it has entered into an agreement to acquire ProBuild Holdings in an all-cash transaction valued at about $1.63B. Among the noteworthy losers was Basic Energy (BAS), which fell 8% after Raymond James downgraded the stock to Market Perform based on valuation, substantial pricing pressure, and industry overcapacity. Also lower were U.S.-listed shares of Sina (SINA), which dropped 5% after the Financial Times reported that China's government has warned that it will shut down the company's service if it does not "improve censorship." INDEXES: Near midday, the Dow was down 19.08, or 0.11%, to 18,038.57, the Nasdaq was up 7.93, or 0.16%, to 5,003.91, and the S&P 500 was down 3.04, or 0.14%, to 2,099.02.
10:00 EDTBASOn The Fly: Analyst Downgrade Summary
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08:31 EDTBASBasic Energy downgraded to Market Perform from Outperform at Raymond James
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06:09 EDTBASBasic Energy reports March well servicing rig count unchanged at 421
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April 12, 2015
17:55 EDTABCOKPMG to acquire healthcare consulting firm Beacon Partners
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16:30 EDTGWWGrainger may be 10%-20% undervalued, Barron's says
Grainger could be 10%-20% undervalued and may be worth close to $290, Barron's contends in its "The Trader" column. Analysts call the company a "high-quality, dominant business" whose stock price has been impacted by negative perceptions of the distribution sector. Reference Link
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