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May 2, 2012
10:35 EDTWWW, TRIP, STM, MAS, GNW, FLEX, FBHS, EW, BOOM, CKEC, ACIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Arch Coal (ACI) upgraded to Buy from Fair Value at CRT Capital... Carmike Cinemas (CKEC) upgraded to Outperform from Neutral at Macquarie... Dynamic Materials (BOOM) upgraded to Buy from Hold at Auriga... Edwards Lifesciences (EW) upgraded to Outperform from Market Perform at Wells Fargo... Flextronics (FLEX) upgraded to Neutral from Underperform at BofA/Merrill... Fortune Brands Home & Security (FBHS) upgraded to Outperform at RBC Capital... Genworth (GNW) upgraded to Neutral from Underperform at BofA/Merrill... Masco (MAS) upgraded to Sector Perform from Underperform at RBC Capital... STMicroelectronics (STM) upgraded to Buy from Neutral at Goldman... STMicroelectronics upgraded to Neutral from Sell at Citigroup... TripAdvisor (TRIP) upgraded to Buy from Neutral at BofA/Merrill... Wolverine World Wide (WWW) upgraded to Buy from Hold at Jefferies.
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July 22, 2015
16:15 EDTFBHSFortune Brands sees FY15 free cash flow of approximately $270M
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16:15 EDTFBHSFortune Brands raises FY15 adjusted EPS view to $2.03-$2.10 from $2.00-$2.10
FY15 consensus $2.04. Based on the company’s expectation to continue outperforming the market, the acquisition of Norcraft and the impact of foreign currency, the company expects full-year 2015 net sales growth in the range of 13%-15%, consensus $4.61B.
16:12 EDTFBHSFortune Brands reports Q2 adjusted EPS 59c, consensus 57c
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14:37 EDTMASHome improvement stocks rally after Owens Corning results, home sales data
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13:33 EDTTRIPTripAdvisor July weekly volatility elevated into Q2 and outlook
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10:10 EDTMASHigh option volume stocks
10:01 EDTSTMOn The Fly: Analyst Downgrade Summary
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06:23 EDTACIPeabody downgraded to Neutral from Overweight at JPMorgan
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05:31 EDTSTMSTMicroelectronics downgraded to Neutral from Buy at Citi
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05:21 EDTGNWGenworth enters into talks with AXA to sell lifestyle protection business
Genworth Financial (GNW) announces it has entered into exclusive negotiations with AXA S.A. (AXAHY) after receiving an irrevocable offer to purchase its lifestyle protection insurance business. The company expects to accept the offer and execute an associated purchase agreement upon completion of the French works council consultation process. The sale price is expected to be approximately $510M and the company will record an after-tax loss of approximately $310M in Q2 related to the expected sale and pension settlement costs. Net proceeds from the transaction, net of pension settlement costs and transaction related expenses, are estimated to be approximately $400M. Genworth plans to use these proceeds to advance compliance with the Private Mortgage Insurer Eligibility Requirements and to reduce debt levels. The sale is expected to close by the end of 2015 and is subject to other customary conditions, including requisite regulatory approvals.
July 21, 2015
13:42 EDTFLEXElectronic manufactures higher after Sanmina Q3 results
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09:21 EDTWWWOn The Fly: Pre-market Movers
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08:34 EDTTRIPTripAdvisor shares should be bought on any weakness, says Oppenheimer
Oppenheimer is upbeat on the 2H15 outlook for online travel, due partly to what it says are higher inventories, improving site traffic, and a solid industry backdrop. The firm says that TripAdvisor's site traffic is accelerating, while its mobile conversions appear to be improving. Consequently, the firm is more confident that the company's hotel inventory is selling well. Oppenheimer introduced a $105 price target on TripAdvisor and reiterated an Outperform rating on the name.
06:38 EDTWWWWolverine World Wide sees FY15 adjusted EPS $1.53-$1.60, consensus $1.55
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06:37 EDTWWWWolverine World Wide reports Q2 adjusted EPS 27c, consensus 20c
Reports Q2 revenue $630.1M, consensus $618.76M. Adjusting for the impact of foreign exchange, retail store closures and termination of the Patagonia license agreement, adjusted revenue grew 6.9% versus the prior year.
July 20, 2015
15:01 EDTWWWNotable companies reporting before tomorrow's open
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08:32 EDTACIArch Coal announces one-for-ten reverse stock split
Arch Coal announced a one-for-ten reverse stock split of Arch's common stock. Arch's stockholders granted authority to the Arch Board of Directors to effect this reverse stock split at the company's annual meeting of stockholders on April 23. The reverse stock split is expected to take place after market close on July 27. It also is expected that Arch's common stock will begin trading on a split-adjusted basis on the New York Stock Exchange at the market open on July 28. As a result of the reverse stock split, the number of outstanding shares of Arch's common stock will be reduced from approximately 213M to approximately 21.3M.
05:48 EDTTRIPTripAdvisor price target raised to $100 from $92 at Ascendiant
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July 16, 2015
15:58 EDTMASHome improvement stocks slide after Sherwin-Williams cuts view
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July 14, 2015
11:14 EDTCKECAMC deal signals cinema M&A back on track, says Piper Jaffray
Piper Jaffray analyst James Marsh said AMC Entertainment's (AMC) just announced acquisition of privately held Starplex signals that M&A is "back on track" in the cinema space after being paused while the DOJ investigates film "clearances" and after the U.S. blocked a deal in the industry. Marsh also sees the deal as an opportunity for IMAX (IMAX), noting that Starplex doesn't use IMAX screens yet but AMC is the largest North American operator of its enhanced screens. Other publicly traded movie theatre operators include Carmike Cinemas (CKEC), Cinemark (CNK), and Regal Entertainment (RGC).
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