New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 12, 2014
10:00 EDTOESX, RALY, RSPP, VLP, XL, TRV, RNR, PGR, OAS, MMC, LFVN, MYCC, CB, ECOM, AON, AJG, ALL, AXS, ACEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ACE Limited (ACE) initiated with a Neutral at Citigroup... AXIS Capital (AXS) initiated with a Sell at Citigroup... Allstate (ALL) initiated with a Neutral at Citigroup... Aon plc (AON) initiated with a Buy at Citigroup... Arthur J. Gallagher (AJG) initiated with a Neutral at Citigroup... ChannelAdvisor (ECOM) initiated with an Outperform at RW Baird... Chubb (CB) initiated with a Sell at Citigroup... ClubCorp (MYCC) initiated with a Market Perform at Wells Fargo... LifeVantage (LFVN) initiated with an In-Line at Imperial Capital... Marsh & McLennan (MMC) initiated with a Neutral at Citigroup... Oasis Petroleum (OAS) initiated with a Neutral at Citigroup... Progressive (PGR) initiated with a Neutral at Citigroup... RenaissanceRe (RNR) initiated with a Neutral at Citigroup... Travelers (TRV) initiated with a Sell at Citigroup... XL Group (XL) initiated with a Sell at Citigroup... Valero Energy Partners (VLP) initiated with an Outperform at Howard Weil... RSP Permian (RSPP) initiated with an Outperform at Howard Weil... Rally Software (RALY) initiated with a Buy at Roth Capital... Orion Energy (OESX) initiated with a Buy at Roth Capital.
News For ACE;AXS;ALL;AJG;AON;ECOM;CB;MYCC;LFVN;MMC;OAS;PGR;RNR;TRV;XL;VLP;RSPP;RALY;OESX From The Last 14 Days
Check below for free stories on ACE;AXS;ALL;AJG;AON;ECOM;CB;MYCC;LFVN;MMC;OAS;PGR;RNR;TRV;XL;VLP;RSPP;RALY;OESX the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 29, 2014
12:18 EDTRSPPOn The Fly: Midday Wrap
Subscribe for More Information
11:26 EDTRSPPPermian stocks rally after Athlon bought by Encana
Shares of companies that obtain fossil fuels from the Permian Basin are climbing after one of the names in the sector, Athlon Energy (ATHL), agreed today to be acquired by Canadian energy giant Encana (ECA). Located in Texas and New Mexico, the Permian Basin has been yielding large amounts of oil recently. WHAT'S NEW: Encana agreed to buy Athlon for $58.50 per share in cash, or $5.9B, plus the assumption of debt for a total transaction value of approximately $7.1B. Encana noted that Athlon has about 140,000 net acres focused solely in the heart of the oil-rich Midland Basin within the Permian. "This transformative acquisition further accelerates our strategy and provides us with a prime position in what is widely acknowledged as one of North America's top oil plays," said Encana CEO Doug Suttles. Encana has been looking to increase its focus on oil and natural gas liquids and decrease its emphasis on natural gas. ANALYST REACTION: In a note to investors today, Sterne Agee analyst Tim Rezvan wrote that the Athlon deal provides "a very bullish price marker" for the other pure-play Permian stocks he covers. The terms of the deal suggest that Diamondback Energy (FANG) could jump 33%, while Energen (EGN) could rally 40%, the analyst wrote. PRICE ACTION: In late morning trading, Athlon surged 25% to $58.22 and Encana rose 2.5% to $21.67, Diamondback Energy advanced 2.6% to $75.52, Energen gained 1.5% to $74.14 RSP Permian (RSPP) and Parsely Energy (PE), two other exploration and production companies focused on the Permian Basin, were up 2.4% and 4.6%, respectively.
10:30 EDTMYCCHigh option volume stocks
High option volume stocks: RGEN ALIM TIBX MYCC RDWR ATHL DWA ASNA PSDV BGC
09:20 EDTRSPPOn The Fly: Pre-market Movers
Subscribe for More Information
09:02 EDTECOMNetSuite announces adoption of integrated solution with ChannelAdvisor
Subscribe for More Information
06:10 EDTMYCCRed Alder group delivers letter to ClubCorp urging pursuit of restructuring
Red Alder and ADW Capital Partners, significant shareholders of ClubCorp Holdings, announced that they have delivered a letter to the independent members of the company's board, the full text of which is included below, urging the company to immediately pursue a restructuring transaction. The Red Alder Group believes that the company's conversion to a REIT and spin-off of its non-real estate assets to shareholders would enable the company to increase dividends, lower its cost of capital and significantly enhance long-term shareholder value. The Red Alder Group believes that the time is ripe for the company to pursue this strategic alternative and has called upon the board promptly to form a special committee so as not to allow the window of opportunity for this transaction to close. Red Alder believes the company could be worth $31-$36 per share upon restructuring.
September 25, 2014
10:06 EDTMMCOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:46 EDTMMCMarsh & McLennan downgraded to Neutral from Outperform at Macquarie
Subscribe for More Information
06:08 EDTALL, PGRCiti recommends long Progressive, short Allstate pair trade
Citigroup recommends a pair trade of overweighting Progressive (PGR) while underweighting Allstate (ALL). Citi expects margins to expand for Progressive and fall at Allstate. The firm has a Buy rating on Progressive and Neutral rating on Allstate.
September 24, 2014
17:33 EDTALLMarchex received notice of termination from Allstate
Subscribe for More Information
September 22, 2014
15:02 EDTAJGArthur J. Gallagher acquires Healthcare Consulting Firm
Subscribe for More Information
07:27 EDTOASIndependent Petroleum Association of America to hold a conference
IPAA OGIS San Francisco on September 22-24.
September 19, 2014
10:06 EDTALLOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:10 EDTALLMarchex price target cut to $6 from $12 at RBC Capital
RBC Capital cut its price target on Marchex (MCHX) after the company announced that Allstate (ALL) would no longer be its customer. However, the firm notes that Marchex has about $3.40 per share in cash, and it still believes that the company can benefit from the mobile and local Internet "megatrend." It keeps an Outperform rating on the shares.
06:26 EDTALLAllstate downgraded to Equal-Weight from Overweight at Evercore
September 18, 2014
12:45 EDTALLOn The Fly: Midday Wrap
Subscribe for More Information
08:59 EDTALLOn The Fly: Pre-market Movers
Subscribe for More Information
06:20 EDTALLMarchex cuts 2014 call-driven revenue outlook due to revised Allstate commitment
Allstate (ALL) has indicated its desire to move to a fixed fee model going forward. Under this proposed model, Marchex’s (MCHX) economic upside would have been limited, while financial exposure to Marchex would have remained. Marchex does not believe it is in its best long-term interest to work under such an arrangement. Marchex will continue to work with Allstate as an integration partner utilizing its call analytics technology. Marchex expects this will be a relatively small financial contributor. Marchex CEO Russell Horowitz said, "“This outcome is disappointing, as we believe that a performance-based model is the way most companies are progressing. This is the trend we are seeing with our customer base... Beyond Allstate, we continue to experience growth in our customer base for call-driven advertising products and believe we are early in the customer adoption phase of mobile and call-driven advertising."
September 17, 2014
14:00 EDTAJGArthur J. Gallagher acquires Hagedorn & Company, terms not disclosed
Subscribe for More Information
07:40 EDTOASUBS to hold a conference
Houston Energy Bus-less Tour is being held in Houston on September 17-19 with webcasted company presentations to begin on September 17 at 8:30 am; not all company presentations may be webcasted. Webcast Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use