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January 16, 2014
10:02 EDTEMC, MHFI, KR, EFX, CSX, ROK, CLI, NUS, MKC, GNRC, EV, ALU, AMRN, AGCO, BEAM, BBY, MRC, FDO, D, ACM, RL, PCRFYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AECOM Technology (ACM) downgraded to Hold from Buy at KeyBanc... Alcatel-Lucent (ALU) downgraded to Equal Weight from Overweight at Evercore... CSX (CSX) downgraded to Hold from Buy at Stifel... Dominion (D) downgraded to Hold from Buy at Jefferies... Eaton Vance (EV) downgraded to Sell from Neutral at Citigroup... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Family Dollar (FDO) downgraded to Underperform from Market Perform at Raymond James... Generac (GNRC) downgraded to Perform from Outperform at Oppenheimer... Kroger (KR) downgraded to Neutral from Outperform at Credit Suisse... MRC Global (MRC) downgraded to Underperform from Buy at BofA/Merrill... McCormick (MKC) downgraded to Hold from Buy at Jefferies... McGraw Hill Financial (MHFI) downgraded to Neutral from Buy at Goldman... Best Buy (BBY) downgraded to Perform from Outperform at Oppenheimer... Nu Skin (NUS) downgraded to Hold from Buy at Canaccord... EMC (EMC) downgraded to Neutral from Buy at Monness Crespi... Beam (BEAM) downgraded to Sell from Hold at Argus... Mack-Cali Realty (CLI) downgraded to Underweight from Neutral at JPMorgan... Panasonic (PCRFY) downgraded to Neutral from Outperform at Macquarie... AGCO (AGCO) downgraded to Underweight from Neutral at JPMorgan... Rockwell Automation (ROK) downgraded to Underweight from Neutral at JPMorgan... Ralph Lauren (RL) downgraded to Equal Weight from Overweight at Morgan Stanley... Amarin (AMRN) downgraded to Neutral from Buy at MKM Partners.
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July 15, 2015
06:54 EDTCSXCSX upgraded to Outperform from Sector Perform at RBC Capital
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05:33 EDTAGCOAGCO upgraded to Market Perform from Underperform at Wells Fargo
Wells Fargo upgraded AGCO to Market Perform saying negative sentiment in the name will limit substantial downside risk. Approximately 17% of diluted share count is sold short, Wells points out. It raised its price target range for the stock to $52-$55 from $35-$38.
July 14, 2015
19:05 EDTCSXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: CSX (CSX), up 3.5%. ALSO HIGHER: Receptos (RCPT), up 10.2% following deal to be acquired by Celgene (CELG)... Celgene is up 5.8% after announcing acquisition of Receptos... Celsion (CLSN), up 8.8% after being initiated with a Buy at BTIG... Aratana Therapeutics (PETX), up 10% after results of pivotal study of AT-003. DOWN AFTER EARNINGS: Peregrine (PPHM), down 3%... Yum! Brands (YUM), down marginally. ALSO LOWER: Allegheny Technologies (ATI), down 9.3% after providing second quarter EPS guidance... Mead Johnson (MJN), down 4.8% after reducing fiscal 2015 EPS guidance.
17:21 EDTCSXRailroad operators advance after CSX reports Q2 results
Shares of railroad operators are advancing after CSX (CSX) reported second quarter earnings per share after the close. WHAT'S NEW: CSX reported Q2 earnings per share of 56c, ahead of analysts' average expectations of 53c. Revenue declined 6% to $3.06B, below analysts' consensus estimates of $3.12B. The company explained that pricing gains were more than offset by the impact of lower fuel recovery, a 1% volume decline and changing business mix. The railroad operator saw a 5% increase in intermodal volumes compared to Q2 of 2014. Looking ahead the company sees 2015 EPS growth in the mid to high single digits. "While we saw challenges in a number of markets, CSX employees delivered an even safer, more reliable and more differentiated service product this quarter," said Michael J. Ward, chairman and CEO. "We expect the momentum in network performance we saw in the second quarter to accelerate, continuing to create value for our customers and shareholders." In a CNBC interview, CSX CFO Fredrik J. Eliasson said he anticipates a decline in crude-by-rail volumes for the remainder of the year. PRICE ACTION: Shares of CSX are up 3.24% in after-hours trading. Railroad operator peers are also advancing, with Norfolk Southern Corporation, Union Pacific Corporation (UNP), and Canadian National Railway Company (CNI) all rising in the after-hours.
16:25 EDTCSXCSX sees declines in crude-by-rail for remainder of year
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16:09 EDTCSXCSX reports Q2 EPS 56c, consensus 53c
Reports Q2 revenue $3.06B, consensus $3.12B.
16:06 EDTCSXCSX sees mid-to-high single digit earnings per share growth for 2015
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16:05 EDTCSXCSX reports Q2 EPS 56c, consensus 53c
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15:22 EDTCSXCSX July 32 straddle priced for 4% movement into Q2
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15:01 EDTCSXNotable companies reporting after market close
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12:47 EDTCSXCSX technical comments ahead of earnings news
The key technical condition on the long-term chart is the current break below the 10-month moving average. That average had been a close-fit proxy for a hand-drawn uptrend support line for the rally that began in January 2013. Continued bearish news would mean the break of the long-term uptrend would be reinforced, with next supports at $30.91, $29.40, and $27.97. If the news is a bullish surprise, the first big resistance level would be at the 10-month moving average at $34.63. A move that holds above the average would see the long-term bullish trend revived. Next resistance would be at $36.23. The life high for the stock is at $37.99.
12:37 EDTEMCOptions with increasing volume Micron
Options with increasing volume: GGP WMC KSU A WY TCK JKS EMC DHR AMJ CZR MU
12:01 EDTRLVince Holding sinks to 52-week low after CEO resigns
Shares of Vince Holding (VNCE), a contemporary fashion brand, are sinking after the company announced the resignation of its Chief Executive Officer. WHAT'S NEW: Vince Holding announced yesterday that CEO Jill Granoff resigned from the company. Granoff, who advised the Board of her decision in advance, will remain CEO through a transition period, the company said. The company's Board of Directors plans to work with an executive search firm to identify potential CEO candidates. The company also announced that it has hired Livia Lee as its new senior vice president of Merchandising, reporting directly to Granoff in the interim and then her successor once appointed. Lee will join the company on July 20. WHAT'S NOTABLE: On June 25, Vince Holding Chief Financial Officer Lisa Klinger resigned. The company appointed Mark Brody, most recently Managing Director and Group CFO at Sun Capital Partners, as interim CFO. ANALYST REACTION: This morning, research firm William Blair downgraded Vince Holding to Market Perform from Outperform citing reduced visibility on company's long-term strategy following the resignation of CEO Jill Granoff and CFO Lisa Klinger. Despite the downgrade, William Blair did note that its store checks continue to suggest the brand remains healthy. The firm sees limited downside to numbers from these levels. PRICE ACTION: In late morning trading, Vince Holding fell $2.33, or about 19.5%, to $9.62 on more than four times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $9.46. Including today's pull back, the shares have lost approximately 72% over the past 12 months. OTHERS TO WATCH: Other contemporary fashion brands include Guess?, Inc. (GES), Ralph Lauren (RL) and Express, Inc. (EXPR).
10:36 EDTACMOptions with increasing implied volatility
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10:01 EDTEMCOn The Fly: Analyst Downgrade Summary
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09:57 EDTEMCEMC downgraded to Mixed from Positive at OTR Global (pre-open)
09:13 EDTEVEaton Vance reports consolidated AUM of $307.3B on June 30
Eaton Vance reported consolidated assets under management of $307.3B on June 30. This compares to $311.0B on April 30, the close of the Company's Q2.
07:28 EDTEMCEMC downgraded to Hold from Buy at Summit Research
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July 13, 2015
10:21 EDTRLOn The Fly: Analyst Upgrade Summary
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08:11 EDTRLRalph Lauren upgraded to Overweight from Equal Weight at Stephens
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