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Stock Market & Financial Investment News

News Breaks
February 12, 2014
10:00 EDTRNR, MMC, RALY, XL, PGR, LFVN, RSPP, TRV, OAS, OESX, VLP, CB, AJG, ACE, ECOM, ALL, MYCC, AON, AXSOn 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
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November 14, 2014
12:39 EDTMYCCClubCorp management to meet with Jefferies
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11:31 EDTAJGArthur J. Gallagher acquires The Titan Group
Arthur J. Gallagher & Co. announced the acquisition of The Titan Group, located in Richmond, Virginia. Terms of the transaction were not disclosed. Founded in 2001, Titan provides human resource consulting services for private, public, nonprofit, education and state government clients throughout the Eastern United States.
November 13, 2014
16:53 EDTTRVTravelers CEO Jay Fishman diagnosed with neuromuscular condition
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16:25 EDTRNRRenaissanceRe Chief Administrative Officer steps down, CFO appointed COO
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November 12, 2014
08:28 EDTPGRProgressive reports Oct. net premiums written up 5% to $1.75B
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08:06 EDTECOMPacific Crest to hold a conference
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07:49 EDTVLPValero Energy Partners reports Q3 EPS 30c, consensus 25c
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November 11, 2014
15:03 EDTAJGArthur J. Gallagher acquires The Forker Company
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November 10, 2014
14:32 EDTAJGArthur J. Gallagher acquires SGB-NIA Insurance Brokers
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07:14 EDTRSPPHart Energy to hold a conference
Executive Oil Conference 2014 is being held in Midland, Texas on November 10-11.
07:11 EDTRSPPRSP Permian sees CY14 CapEx $425M
07:11 EDTRSPPRSP Permian backs CY14 annual production 11,500-12,000 Boe/d
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07:10 EDTRSPPRSP Permian reports Q3 production up 5% to 11,217 Boe/d
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07:10 EDTRSPPRSP Permian reports Q3 adjusted EPS 26c, consensus 25c
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November 7, 2014
12:20 EDTECOMOn The Fly: Midday Wrap
Stocks on Wall Street opened in relatively quiet fashion and trading has remained that way throughout the morning. The highly anticipated nonfarm payrolls report showed fewer than expected jobs were added last month, but the figures from the prior two months were also upwardly revised. The market has moved in a narrow range and for the most part has remained near the flat line, with the S&P and Dow little changed and the Nasdaq lagging near noon. ECONOMIC EVENTS: In the U.S., nonfarm payrolls rose 214K in October, which was below the consensus estimate for 235K jobs to have been added. However, back revisions boosted September's job gain to 256K from the 248K previously reported, while August's prior 180K reading was pushed up to 203K. The unemployment rate slid to 5.8% from 5.9%, its lowest level since July 2008. Later this afternoon, the Federal Reserve Board’s report on consumer credit growth in September is expected, with total credit projected to grow $16B. COMPANY NEWS: Shares of Disney (DIS) led all decliners on the Dow, as the stock fell 2.5% after the company reported earnings and revenue for its fourth quarter that were nearly in-line with consensus estimates. Along with its report, the company confirmed 2015's Star Wars movie will be entitled "The Force Awakens" and announced plans for another sequel in the "Toy Story" franchise. MAJOR MOVERS: Among the notable gainers was ChannelAdvisor (ECOM), which rose 46% after delivering generally in-line Q3 results, giving better than expected fiscal year revenue guidance and announcing the acquisition of U.K. based E-Tale Holdings. Also higher were shares of Sears Holdings (SHLD), which jumped 26% after the company disclosed it is actively exploring a REIT transaction involving 200-300 owned properties through a rights offering to shareholders. Among the noteworthy losers was Salix (SLXP), which plunged 36% and was downgraded by at least four firms after the company reported worse than expected Q3 results, gave lower than expected guidance and announced its CFO had resigned amid the company revising its view of the current inventory levels for its drugs. Also lower were shares of Intercept Pharmaceuticals (ICPT), which fell 33% after results from the FLINT trial evaluating obeticholic acid, or OCA, for the treatment of nonalcoholic steatohepatitis, or NASH, were published in The Lancet. Oppenheimer said it believes that data disclosed last night was in-line with previous data from Intercept, but that a Bloomberg story "cherry picked" negative aspects of the data, contributing to the share decline. INDEXES: Near midday, the Dow was virtually unchanged at 17,555.12, the Nasdaq was down 13.72, or 0.3%, to 4,624.75, and the S&P 500 was up 0.42, or 0.02%, to 2,031.63.
12:19 EDTECOMChannelAdvisor management to meet with Pacific Crest
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09:16 EDTECOMOn The Fly: Pre-market Movers
HIGHER: Sears (SHLD), up 22.5% after reporting Q3 same-store sales were flat with prior year, saying company is actively exploring a REIT transaction involving 200-300 owned properties through a rights offering... Gap (GPS), up 2.9% after reporting October same-store sales fell 3%, giving Q3 EPS guidance that beat estimates... Zynga (ZNGA), up 9%, upgraded at Needham following the company's Q3 earnings report... King Digital (KING), up 8.6% after Q3 results top expectations, company announces $150M share repurchase program... ChannelAdvisor (ECOM), up 30% after earnings, guidance, announcing acquisition of U.K. based E-Tale Holdings... Rockwell Medical (RMTI), up 25% after FDA committee recommends Triferic to treat iron loss in certain patients with chronic kidney disease... Repros Therapeutics (RPRX), up 23% following meeting with FDA regarding Androxal NDA filing. LOWER: Salix (SLXP), down 35%, downgraded at Mizuho, Stifel and William Blair after the company reported worse than expected Q3 earnings, gave lower than expected guidance and announced its CFO had resigned... Intercept (ICPT), down 19% after FLINT trial results published... CTI BioPharma (CTIC), down 20% after filing convertible preferred stock offering... Transocean (RIG), down 5% after delaying its Q3 earnings release and conference call, stating the company expects Q3 to include a non-cash charge of $1.97B for impairment of goodwill... General Mills (GIS), down 4% after lowering FY15 outlook. DOWN AFTER EARNINGS: Abercrombie & Fitch (ANF), down 12.6%... Ubiquiti Networks (UBNT), down 17%... Arista Networks (ANET), down 10.5%... First Solar (FSLR), down 6%... Magnum Hunter (MHR), down 2%.
09:02 EDTMMCMarsh & McLennan Agency acquires NuWest Insurance Services
Marsh & McLennan Agency a subsidiary of Marsh, announced that it has acquired NuWest Insurance Services. NuWest will be consolidated into Barney & Barney, a Marsh & McLennan Agency company’s existing Orange County office.
08:11 EDTCBOptions expected to be active
Options expected to be active @ CBOE: DIS FSLR RIG RMTI SLXP ZNGA PBR SHLD CP CSX NSC NVDA FSLR
07:26 EDTECOMChannelAdvisor results should ease concerns, says Pacific Crest
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