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Stock Market & Financial Investment News

News Breaks
February 15, 2013
11:54 EDTEGO, AU, GG, GFI, AUY, ABX, GOLD, KGC, NEMIran to be offered eased gold sanctions for nuclear action, Reuters says
In upcoming talks, major governments plan to offer to ease sanctions barring trade in gold and other precious metals with Iran in return for the nation shutting down a uranium enrichment plant, according to Reuters, citing unnamed Western officials. Reference Link
News For ABX;GG;NEM;AUY;AU;KGC;GFI;EGO;GOLD From The Last 14 Days
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February 11, 2016
10:28 EDTAUY, GOLDHigh option volume stocks:
High option volume stocks: MAIN FLO GOLD JNPR CAH MFLX BID AUY O AXLL
09:36 EDTABXActive equity options trading on open
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February 10, 2016
19:33 EDTKGCOn The Fly: After Hours Movers
UP AFTER EARNINGS: HubSpot (HUBS), up 12%... CSRA (CSRA), up 12%... Expedia (EXPE), up 11.5%... Tesla (TSLA), up 9.6%... Hortonworks (HDP), up 8.6%... Skechers (SKX), up 8.8%... Cisco Systems (CSCO), up 7.3%... Centurylink (CTL), up 8.4%... O'Reilly Automotive (ORLY), up 5.2%... Kinross Gold (KGC), up 3.7%... Whole Foods Market (WFM), up 2.5%. ALSO HIGHER: Tripadvisor (TRIP) is up 7.1% and Priceline (PCLN) is up 4.5% after Expedia reported its quarterly results. DOWN AFTER EARNINGS: Pilgrim's Pride (PPC), down 10.9%... Cornerstone OnDemand (CSOD), down 3.6%... Mylan (MYL), down 9.4% after reporting quarterly results and announcing that it will acquire Meda Aktiebolag for $9.9B... Zynga (ZNGA), down 8.9%... iRobot (IRBT), down 6.4%... Prudential (PRU), down 1%... Twitter (TWTR), down 3%... Pioneer Natural (PXD), down 2.4%. ALSO LOWER: Franco-Nevada (FNV), down 4.9% after 11.5M share Spot Secondary priced at $47.85... Continental Resources (CLR), down 2.4% after reporting proved reserves of 1.23B Boe at Dec. 31, 2015.
17:03 EDTKGCKinross Gold reports Q4 EPS (6c), consensus (5c)
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February 9, 2016
11:32 EDTKGCOptions with increasing put volume
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10:00 EDTGOLDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Capital Senior Floating (ACSF) downgraded to Market Perform at Keefe Bruyette... American Science & Engineering (ASEI) downgraded to Hold from Buy at Benchmark... ArcelorMittal (MT) downgraded to Neutral from Overweight at JPMorgan... BioCryst (BCRX) downgraded to Hold from Buy at Jefferies... Brixmor (BRX) downgraded to Underperform from Outperform at RBC Capital... Diana Shipping (DSX) downgraded to Neutral from Buy at Clarksons Platou... Eagle Point Credit (ECC) downgraded to Neutral from Buy at Compass Point... Golden Ocean (GOGL) downgraded to Neutral from Buy at Clarksons Platou... Lukoil (LUKOY) downgraded to Hold from Buy at Deutsche Bank... Memorial Resource (MRD) downgraded to Neutral from Overweight at JPMorgan... Navios Maritime (NM) downgraded to Neutral from Buy at Clarksons Platou... Northstar Realty (NRF) downgraded to Market Perform from Outperform at Keefe Bruyette... Plains All American (PAA) downgraded to Neutral from Buy at BofA/Merrill... Plains GP Holdings (PAGP) downgraded to Neutral from Buy at BofA/Merrill... Qualys (QLYS) downgraded to Neutral from Buy at DA Davidson... Quidel (QDEL) downgraded to Hold from Buy at Canaccord... Randgold (GOLD) downgraded to Hold from Buy at Deutsche Bank... Scorpio Bulkers (SALT) downgraded to Neutral from Buy at Clarksons Platou... Tortoise Energy (TYG) downgraded to Hold from Buy at Stifel... Winnebago (WGO) downgraded to Neutral from Buy at Northcoast.
10:00 EDTKGCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ArcelorMittal (MT) upgraded to Neutral from Sell at Goldman... Electronic Arts (EA) upgraded to Buy from Neutral at Hilliard Lyons... First Interstate (FIBK) upgraded to Outperform from Market Perform at Fig Partners... Flagstar Bancorp (FBC) upgraded to Buy from Hold at Sandler O'Neill... Frontline (FRO) upgraded to Buy from Neutral at Clarksons Platou... Grifols (GRFS) upgraded to Buy from Hold at Berenberg... Grupo Financiero (GGAL) upgraded to Neutral from Underweight at JPMorgan... Kinross Gold (KGC) upgraded to Outperform from Neutral at Credit Suisse... Luxottica (LUX) upgraded to Hold from Underperform at Jefferies... PrivateBancorp (PVTB) upgraded on growth outlook at SunTrust... SS&C (SSNC) upgraded to Outperform from Market Perform at Raymond James... Salesforce (CRM) upgraded to Hold from Underperform at Jefferies... TCF Financial (TCB) upgraded to Neutral from Sell at Compass Point... TreeHouse (THS) upgraded to Overweight from Neutral at JPMorgan... WPX Energy (WPX) upgraded to Overweight from Equalweight at Capital One... Yelp (YELP) upgraded to Neutral from Sell at B. Riley.
09:25 EDTKGCOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Wendy's (WEN), up 3.5%. ALSO HIGHER: ITC Holdings (ITC), up 1.1% after being acquired by Fortis for in a deal valued at $11.3B... Kinross Gold (KGC), up 2.9% after being upgraded to Outperform from Neutral at Credit Suisse... Boston Scientific (BSX), up 3.1% after announcing that Medicare will cover Watchman left atrial appendage closure Device. DOWN AFTER EARNINGS: Regeneron (REGN), down 7.2%... Twenty-First Century Fox (FOXA, FOX), down 6.7% and 2.6%, respectively... CVS Health (CVS), down 3.5%... Viacom (VIAB), down 3.2%. ALSO LOWER: Constant Contact (CTCT), down 3.3% after Bloomberg reported that Endurance International (EIGI) withdrew a $735M loan Monday that was intended to help fund its $1.1B takeover of the company... Paypal (PYPL), down 2.4% after announcing a Chief Technology Officer transition.
06:47 EDTKGCKinross Gold upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Anita Soni upgraded Kinross Gold to Outperform ahead of its Feb 10 guidance and reserve update due to currency tailwinds that may help it beat 2016 consensus estimates, low reserve risk, improved production profile, declining balance sheet risk, and valuation. The analyst raised her target to $2.75 from $2.25.
05:31 EDTGOLDRandgold downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Randgold to Hold saying the stock looks expensive following the 36% rally over the past month.
February 8, 2016
12:47 EDTGOLDRandGold surges after quarterly earnings, plans for dividend hike
Shares of RandGold (GOLD) rallied in midday trading after the company reporting earnings for the fourth quarter of fiscal year 2015 and announced plans to increase its annual dividend. WHAT'S NEW: Before the market open, RandGold Resources reported Q4 earnings per share of 47c, down from 53c in the same period last year, and below analysts' consensus estimates of 48c. The company said that the decline in year over year profits reflects the decline in gold price. Pretax profit for the quarter was $70.5M, while revenue was $272.09M, up from $226.32M in the year-ago period, the company said. RandGold said that production for the fourth quarter amounted to 326,430 ounces compared to 287,048 ounces in the same period a year ago. Looking to fiscal year 2016, the company said it is eyeing gold output of 1.25M-1.3M ounces for FY16, a 3%-75% increase over 2015, and a cash cost of $590-$630 per ounce. Additionally, RanGold expects production to be "relatively consistent" throughout FY16, but will be "slightly weighted" to the second half. RandGold added that it anticipates capital expenditures of $240M in FY16 and $115M in fiscal 2017. DIVIDEND RAISE: Separately, RandGold said that its board has recommended a 10% hike in its annual dividend to 66c per share from 60c per share. The company said that the proposed increase reflects the strong cash flows generated by the business. If approved by the company's shareholders, the dividend will be payable on May 27 to shareholders on record March 18, RandGold said. STREET RESEARCH: Following the release of RanGold's earnings report, Deutsche Bank analyst Anna Mulholland downgraded the stock to Hold from Buy. The analyst said that the offering of low cost production and an ungeared balance sheet should provide RandGold a relative premium, but that shares have overshot the firm's fair value and do not offer enough growth or yield to maintain the rally, especially when the firm anticipates gold's run to "peter out." Mulholland said the firm prefers Acacia Mining within the gold space. The analyst added that key risks for the company include higher or lower than expected gold prices, lower or higher than expected costs and volatility in the Euro/Dollar exchange rate. PRICE ACTION: At midday, RandGold jumped 9.53% to $85.76 in New York.
10:08 EDTGOLDRandgold downgraded to Hold from Buy at Deutsche Bank
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09:36 EDTGGActive equity options trading on open
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08:46 EDTKGCKinross Gold upgraded on valuation, higher gold price at BMO Capital
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07:48 EDTKGCKinross Gold upgraded to Outperform from Market Perform at BMO Capital
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February 5, 2016
12:53 EDTAUYYamana Gold management to meet with Canaccord
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11:23 EDTGGOptions with increasing put volume
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February 4, 2016
15:59 EDTNEMOptions Update; February 4, 2016
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11:00 EDTNEMStocks with call strike movement; NFLX NEM
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February 1, 2016
06:36 EDTGGGold Standard Ventures announces C$16.1M strategic investment by Goldcorp
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