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Stock Market & Financial Investment News

News Breaks
August 15, 2014
10:01 EDTATHL, TCO, PRGO, JMPLY, DANG, CHL, AAUKY, SHOO, MNST, GK, CELP, BBG, UPL, HOT, MBI, FANG, GSJK, ABDCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcentra Capital (ABDC) upgraded at RW Baird... Anglo American (AAUKY) upgraded to Sector Perform from Underperform at RBC Capital... Athlon Energy (ATHL) upgraded to Buy from Accumulate at Tudor Pickering... Bill Barrett (BBG) upgraded to Buy from Neutral at Global Hunter... China Mobile (CHL) upgraded to Neutral from Underperform at Mizuho... Compressco (GSJK) upgraded to Overweight from Neutral at JPMorgan... Cypress Energy (CELP) upgraded to Outperform from Neutral at RW Baird... Dangdang (DANG) upgraded to Neutral from Underweight at JPMorgan... Diamondback Energy (FANG) upgraded to Buy from Accumulate at Tudor Pickering... G&K Services (GK) upgraded to Overweight from Neutral at JPMorgan... Johnson Matthey (JMPLY) upgraded to Conviction Buy from Neutral at Goldman... MBIA (MBI) upgraded to Buy from Neutral at BTIG... Monster Beverage (MNST) upgraded to Outperform from Underperform at CLSA... Perrigo (PRGO) upgraded at B. Riley... Starwood (HOT) upgraded to Overweight from Equal Weight at Barclays... Steven Madden (SHOO) upgraded to Buy from Neutral at Sterne Agee... Taubman Centers (TCO) upgraded at Morgan Stanley... Ultra Petroleum (UPL) upgraded to Overweight from Equalweight at Capital One.
News For ABDC;AAUKY;ATHL;BBG;CHL;GSJK;CELP;DANG;FANG;GK;JMPLY;MBI;MNST;PRGO;HOT;SHOO;TCO;UPL From The Last 14 Days
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February 24, 2015
07:03 EDTSHOOSteven Madden reports Q4 EPS 34c, consensus 35c
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February 23, 2015
07:38 EDTCELPCypress Energy acquires remaining 49.9% interest in Tulsa Inspection for $52.6M
Cypress Energy Partners reported that it has acquired in an accretive all cash transaction the remaining 49.9% interest in Tulsa Inspection Resources, Tulsa Inspection Resources – Nondestructive Examination, and Tulsa Inspection Resources Holdings, that it did not previously own, from an affiliate of Cypress Energy Holdings and certain other beneficial owners of CEH. The enterprise was valued at approximately 7x adjusted EBITDA with customary debt and working capital adjustments that resulted in a cash payment of approximately $52.6M, which was funded under CELP’s credit facilities. CELP now owns 100% of TIR. CELP's CEO Peter Boylan stated, “This will further enhance CELP’s earnings and distributable cash flow potential and should allow us to more than offset the declines anticipated in the water & environmental services division as a result of lower prices, volumes, and drilling activity. This transaction also provides us with additional flexibility in 2015 with regard to our coverage ratio and distributions... We believe that the market disruption as a result of lower commodity prices will create some attractive opportunities for us in 2015 and beyond.” The acquisition will contribute approximately 42% of TIR’s consolidated distributable cash flow.
February 20, 2015
09:22 EDTMNSTMonster Beverage volatility elevated into Q4 and outlook
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07:46 EDTUPLUltra Petroleum downgraded to Accumulate from Buy at KLR Group
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07:08 EDTPRGOAmerican Academy of Allergy, Asthma and Immunology to hold annual meeting
2015 Annual Meeting of AAAAI is being held in Houston, Texas on February 20-24.
February 19, 2015
10:44 EDTUPLOptions with decreasing implied volatility
Options with decreasing implied volatility: VDSI KING ZU AVP GRPN SKX TRIP YPF UPL CYBR
07:47 EDTUPLUltra Petroleum reports FY15 proved reserves up 49% to 5.4 Tcfe
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07:44 EDTUPLUltra Petroleum sees FY15 production up 12% to 275Bcfe–285 Bcfe
Sees FY15 CapEx $460.0M vs. $1.5B in 2014, consisting of $410M in development drilling, $15M in infrastructure and $35M in corporate expenses.
07:41 EDTUPLUltra Petroleum reports Q4 adjusted EPS 62c, consensus 51c
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February 18, 2015
07:53 EDTPRGOPerrigo management to meet with UBS
Meetings to be held in Minneapolis/Milwaukee on February 18 hosted by UBS.
February 17, 2015
16:50 EDTFANGDiamondback Energy sees 2015 capital spend $400M-$450M
As previously announced, Diamondback forecasts 2015 production of 26.0-28.0 Mboe/d, including 4.2-4.5 Mboe/d attributable to subsidiary Viper Energy Partners LP. This range represents approximately 40% growth at the midpoint as compared to 2014 production. Diamondback expects a 2015 total capital spend of $400M-$450M, consisting of $285M-$315M for horizontal drilling and completions, $20M-$30M for infrastructure and $20M-$30M for non-operated activity and other expenditures. Capital spend also includes $75M for expenditure related to 2014 activity.
16:49 EDTFANGDiamondback Energy reports Q4 adjusted EPS 48c, consensus 55c
Reports Q4 revenue $$131.58M, consensus $143.21M. Proved reserves as of December 31, 2014 increased 77% year over year to 112.8 MMboe.
11:09 EDTHOTStarwood CEO change a positive for shares, says Wells Fargo
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09:20 EDTHOTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Vipshop Holdings (VIPS), up 10.9%... VASCO Data Security (VDSI), up 7.1%... Waste Management (WM), up 3.7%. ALSO HIGHER: Starwood Hotels (HOT), up 1.9% after appointing Adam Aron as interim CEO... Sarepta Therapeutics (SRPT), up 7.3% after being upgraded at BofA/Merrill... Navidea Biopharmaceuticals (NAVB), up 7.5% after publishing results of phase 3 Lymphoseek trial... Campus Crest (CCG), up 7.7% after announcing that it will explore strategic alternatives as well as Clinton Group and Campus Evolution proxy contest... Cyren (CYRN), up 7.1% following distribution agreement with ALSO Deutschland. DOWN AFTER EARNINGS: Helix Energy (HLX), down 13.3%... Walter Energy (WLT), down 10.1%. ALSO LOWER: Celsus Therapeutics (CLTX), down 82.3% after MRX-6 Cream 2% Phase II trial did not meet primary endpoint... Vascular Biogenics (VBLT), down 53.2% after reporting that VB-201 Phase 2 studies did not meet primary endpoints and removal of FDA partial clinical hold on VB-111... Vanguard Natural Resources (VNR), down 7.1% after reporting preliminary fourth quarter results.
08:18 EDTPRGOPerrigo weakness creates buying opportunity, says Argus
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07:52 EDTHOTStarwood CEO resignation positive, says Wells Fargo
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07:24 EDTPRGOPerrigo management to meet with UBS
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06:04 EDTHOTStarwood appoints Adam Aron as interim CEO
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05:58 EDTCHLReport: China Mobile to reach 100M TD-LTE users, DigiTimes says
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04:42 EDTMBIStocks with implied volatility above IV index mean; OPK MBI
Stocks with implied volatility above IV index mean; OPKO Health (OPK) 58, MBIA (MBI) 56 according to iVolatility.
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