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Stock Market & Financial Investment News

News Breaks
October 24, 2012
10:01 EDTACC, GLNG, WHR, ININ, ST, REE, MYGN, MCP, IBKC, FB, DLTR, BAC, QCOROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Campus (ACC) upgraded to Buy from Neutral at UBS... Bank of America (BAC) upgraded to Overweight from Neutral at Atlantic Equities... Dollar Tree (DLTR) upgraded to Conviction Buy from Neutral at Goldman... Eagle Bancorp (EGBN) upgraded to Outperform from Market Perform at FBR Capital... Facebook (FB) upgraded to Buy from Neutral at BofA/Merrill... Facebook (FB) upgraded to Buy from Neutral at Citigroup... IBERIABANK (IBKC) upgraded to Outperform from Market Perform at Keefe Bruyette... Molycorp (MCP) upgraded to Buy from Hold at Dahlman Rose... Myriad Genetics (MYGN) upgraded to Buy from Neutral at BofA/Merrill... Rare Element (REE) upgraded to Hold from Sell at Dahlman Rose... Sensata (ST) upgraded to Buy from Neutral at Janney Capital... Whirlpool (WHR) upgraded to Buy from Sell at Goldman... Interactive Intelligence (ININ) upgraded to Outperform at Northland... Golar LNG (GLNG) upgraded to Outperform from Market Perform at FBR Capital... Whirlpool (WHR) upgraded to Strong Buy from Outperform at Raymond James... Questcor (QCOR) upgraded to Buy from neutral at Ladenburg.
News For ACC;BAC;DLTR;FB;IBKC;MCP;MYGN;REE;ST;ININ;WHR;GLNG;QCOR From The Last 14 Days
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August 18, 2014
18:13 EDTDLTRWal-Mart not likely to bid for Family Dollar, Bloomberg reports
According to people familiar with the situation, Wal-Mart Stores (WMT) is unlikely to make an offer for Family Dollar Stores (FDO), Bloomberg reports. Reference Link
16:52 EDTSTOn The Fly: Closing Wrap
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15:50 EDTDLTRIcahn makes statement concerning Dollar Generalís bid for Family Dollar
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14:23 EDTDLTRFamily Dollar says board has not changed support of Dollar Tree merger
Family Dollar (FDO) said it remains subject to the merger agreement with Dollar Tree (DLTR), and the company's board has not changed its recommendation in support of the merger with Dollar Tree. Family Dollar added it will have no further comment on Dollar Generalís (DG) proposal until the board has completed its review.
14:21 EDTDLTRFamily Dollar to 'review and consider' Dollar General proposal
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13:11 EDTDLTRDollar Tree upgraded to Buy from Neutral at BofA/Merrill
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12:18 EDTSTThe Fly: Midday Wrap
The market opened in positive territory following news that Russia and Ukraine were working on a potential ceasefire. The market had faltered on Friday following reports that the Ukraine army had attacked a Russian military vehicle after it crossed into Ukraine territory. The market opened sharply higher and then received an additional boost when the NAHB Housing market Index came in above expectations. The averages quickly moved to session highs, lifting the S&P to its highest level ever and putting August on track for the best monthly performance since February. ECONOMIC EVENTS: The NAHB homebuilder sentiment index rose 2 points to 55 in August. The index had climbed 4 points to 53 in July. This is the highest level since January's 56. The single family sales index edged up to 58 from 56 (revised from 57). The future index was 65 from 63 (revised from 64). The index of prospective buyer traffic improved to 42 from 39 (revised from 39). Data was better than expected. COMPANY NEWS: Shares of discount retailer Dollar General (DG) were higher by about 10% after the company announced a proposal to acquire rival Family Dollar (FDO) for $78.50 per share in cash, in a transaction valued at $9.7B. Shares of Family Dollar rose approximately 5% on the news. MAJOR MOVERS: Among the notable gainers was Sensata Technologies (ST), which rose 5.6% after after agreeing to buy privately held Schrader International for $1B. Also higher was Lannett (LCI), which gained 9.3% after the company said fourth quarter and full-year 2014 earnings per share and revenue would exceed analysts' consensus estimates. Among the noteworthy losers was Monster Beverage (MNST), which fell about 4% after research firm Jefferies downgraded the shares to Hold from Buy saying the valuation looks full following its recent rally. Also lower was NXP Semiconductors (NXPI), which dropped 2.3% after Goldman Sachs downgraded the company to Sell from Neutral, and downgraded the semiconductor sector to Cautious from Neutral. The firm expects consensus estimates to move lower due to cyclical headwinds, increased Q4 and Q1 seasonality, and a RF correction. Goldman lowered their price target on the shares to $54 from $58. INDEXES: Near midday, the Dow was up 168.13, or 1.01%, to 16,831.04, the Nasdaq rose 44.11, or 0.99%, to 4,508.87, and the S&P 500 was higher by 16.79, or 0.86%, to 1,971.88.
11:53 EDTDLTRFamily Dollar likely to favor a Dollar Tree bid, says Wells Fargo
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10:55 EDTSTSensata climbs higher after agreeing to buy Schrader International for $1B
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09:35 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN DG TSLA GILD FB ABX WFC C
09:20 EDTFBFacebook Q3 North American revenue tracking slightly above, says ITG Research
ITG Research said Facebook's Q3 North American revenue is tracking to $1.45B vs. consensus of $1.4B.
08:23 EDTDLTRDollar General says has expressed interest in Family Dollar 'multiple times'
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06:47 EDTBACU.S. banks consider Ireland fitting spot for EU divisions, FT says
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06:47 EDTFBFacebook volatility at low end of historic range
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06:24 EDTDLTROptions expected to be active
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06:17 EDTSTSensata to host conference call
Conference call to discuss the acquisition of Schrader International will be held on August 18 at 8 am. Webcast Link
06:13 EDTDLTRDollar General makes proposal to acquire Family Dollar for $78.50 per share
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06:06 EDTSTSensata to acquire Schrader International for $1B
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06:03 EDTDLTRDollar General makes $78.50/share offer for Family Dollar, CNBC reports
Dollar General (DG) will announce today a $78.50 per share in cash offer to acquire Family Dollar (FDO), CNBC's Andrew Ross Sorkin reports. Dollar Tree (DLTR) is seeking to buy Family Dollar for $74.50 per share.
06:03 EDTSTSensata to acquire Schrader International for $1B
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