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Stock Market & Financial Investment News

News Breaks
February 12, 2013
06:49 EDTKGC, GS, NEM, ABXRussia could be third largest gold producer by 2015, Bloomberg reports
Russia may have the world’s third- largest gold output in 2015 as higher prices encourage mining companies to boost volumes, says Sergey Kashuba, chairman of the country’s Gold Producers’ Union, Bloomberg reports. If gold prices maintain their gains, Russia’s gold output will continue to expand by 4% to 5% a year through 2020, he said.Reference Link
News For ABX;GS;KGC;NEM From The Last 14 Days
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February 24, 2015
06:15 EDTGSBanks probed for possible rigging of precious metals markets, WSJ reports
Officials in the U.S. are investigating at least 10 major banks for potential rigging of precious-metals markets, sources tell The Wall Street Journal. The DOJ's antitrust unit are investigating the price-setting process for gold, silver, palladium and platinum in London, while the CFTC has begun a civil investigation, with both agencies making requests for information, including a subpoena to HSBC (HSBC) from the CFTC. According to a source, Credit Suisse (CS), JP Morgan (JPM), UBS (UBS), Societe Generale (SCGLY), Bank of Nova Scotia (BNS), Barclays (BCS), Goldman Sachs (GS) and Deutsche Bank (DB) are also under investigation. Reference Link
February 23, 2015
07:40 EDTNEMBMO Capital to hold a conference
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06:52 EDTGSGoldman Sachs sees $3B in possible legal costs above reserves
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February 19, 2015
18:19 EDTNEMOn The Fly: After Hours Movers
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18:02 EDTNEMNewmont Mining reports FY14 gold reserves 82.2M oz, copper reserves 7.9B lbs
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16:16 EDTNEMNewmont Mining reports Q4 adjusted EPS 17c, consensus 10c
Reports Q4 revenue $2.0B, consensus $1.81B. Attributable gold production is expected to increase steadily from between 4.6M-4.9M ounces in 2015 to between 4.7M-5.1M ounces by 2017. New production at Merian and higher grades in Nevada and Indonesia are expected to offset lower grades at Yanacocha and Ahafo. The remainder of the portfolio is expected to deliver steady and profitable production.
15:49 EDTNEMNewmont Mining volatility increases into Q4 and outlook
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15:32 EDTNEMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Public Storage (PSA), consensus $2.19... Intuit (INTU), consensus (13c)... Consolidated Edison (ED), consensus 55c... Nordstrom (JWN), consensus $1.35... Mohawk Industries (MHK), consensus $2.21... Newmont Mining (NEM), consensus 10c... Frontier Communications (FTR), consensus 5c... Brocade Communications (BRCD), consensus 24c... Bruker (BRKR), consensus 29c... Rovi (ROVI), consensus 41c... Marvell Technology (MRVL), consensus 24c... MRC Global (MRC), consensus 46c... Equinix (EQIX), consensus $1.03.
11:09 EDTABXBarrick Gold rises, close to triggering a bullish pattern
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09:59 EDTABXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Altisource Residential (RESI) upgraded to Neutral from Sell at Compass Point... Angie's List (ANGI) upgraded to Overweight from Equal-Weight at First Analysis... Barrick Gold (ABX) upgraded to Buy from Hold at TD Securities... British Land (BTLCY) upgraded to Buy from Hold at Societe Generale... Coach (COH) upgraded to Buy from Hold at Topeka... Fiat Chrysler (FCAU) upgraded to Outperform from Neutral at Exane BNP Paribas... Garmin (GRMN) upgraded at BofA/Merrill... Hologic (HOLX) upgraded to Buy from Hold at Canaccord... Iberdrola (IBDRY) upgraded to Neutral from Underweight at HSBC... KPN (KKPNY) upgraded to Neutral from Underperform at Exane BNP Paribas... Monster Worldwide (MWW) upgraded at Evercore ISI... Pharmacyclics (PCYC) upgraded to Buy from Neutral at Nomura... RPC, Inc. (RES) upgraded to Equal Weight from Underweight at Morgan Stanley... Sanofi (SNY) upgraded to Buy from Neutral at BofA/Merrill... Sasol (SSL) upgraded to Neutral from Underweight at HSBC... Tractor Supply (TSCO) upgraded at Oppenheimer... Valero (VLO) upgraded to Buy from Hold at Deutsche Bank... Weingarten Realty (WRI) upgraded to Neutral from Sell at UBS... Werner (WERN) upgraded on improving freight fundamentals at RBC Capital... diaDexus (DDXS) upgraded to Buy from Neutral at Ladenburg,
09:25 EDTABXBarrick Gold upgraded at TD Securities
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09:12 EDTABXOn The Fly: Pre-market Movers
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07:37 EDTABXBarrick Gold upgraded to Buy from Hold at TD Securities
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07:12 EDTGSWharton Health Care Club to hold a conference
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06:47 EDTGSReport shows subprime consumer loans at pre-2007 levels, WSJ says
Equifax (EFX) has released a report stating nearly 40%, or 50M, of auto loans, credit cards, and personal loans during the first 11 months of 2014 were made to subprime customers, the highest levels since the 2007 financial crisis, reports the Wall Street Journal. LendingTree (TREE) Chief Marketing Officer Gabriel Dalporto attributes the growth to nonbank lenders under less regulatory scrutiny than large banks. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
February 18, 2015
19:15 EDTABXBarrick Gold sees FY15 production guidance 6.2M-6.6M ounces of gold
Sees FY15 production guidance of 6.2M-6.6M ounces of gold at all-in sustaining costs of $860-$895 per ounce. The company expects to generate positive free cash flow this year at current gold prices. Sees FY15 exploration budget of $220M-$260M. Sees FY15 capital expenditures of $1.9B-$2.2B. In 2015, the company intends to reduce its net debt by at least $3B to begin restoring its balance sheet to a position of strength.
19:11 EDTABXBarrick Gold reports Q4 adjusted EPS 15c, consensus 13c
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07:33 EDTGSGoldman Sachs vows legal battle with Bank of Portugal over loan, Reuters says
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07:21 EDTGSJPMorgan, Citi top government report of riskiest banks, Reuters reports
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February 17, 2015
06:39 EDTGSBanks settle claims related to mortgage securities, Reuters says
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