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Stock Market & Financial Investment News

News Breaks
July 7, 2014
07:56 EDTACMAECOM Technology weakness creates buying opportunity, says Argus
After AECOM underperformed the market over the past quarter, Argus thinks the company's outlook is improving, as it is experiencing a shift towards higher margin, non-U.S. government contracts, according to Argus. The firm thinks that the company's bookings have been robust, and it keeps a Buy rating on the stock.
News For ACM From The Last 14 Days
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July 15, 2014
14:55 EDTACMAECOM Technology outlook brightening, says Argus
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July 14, 2014
14:04 EDTACMAECOM Technology upgraded to Buy from Neutral at UBS
UBS upgraded AECOM to Buy citing cost synergies and debt reduction from the URS Corporation (URS) merger. Price target raised to $40 from $33.
13:39 EDTACMAECOM Technology upgraded to Buy from Neutral at UBS
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12:21 EDTACMOn The Fly: Midday Wrap
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09:30 EDTACMAECOM Technology upgraded to Buy from Hold at BB&T
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09:27 EDTACMAECOM Technology acquisition terms represent fair value, says RW Baird
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09:16 EDTACMOn The Fly: Pre-market Movers
HIGHER: Citigroup (C), up 3.6% after reporting better than expected Q2 results, announcing $7B settlement with DOJ and FDIC... Apple (AAPL), up 0.7% after Barclays upgrades stock to Overweight, Morgan Stanley raises Apple estimates above consensus... Shire (SHPG), up 1.6% after receiving revised proposal from AbbVie (ABBV) of GPB 53.20 per share, which it says it would be willing to recommend to Shire shareholders. AbbVie is down 2.8% after the news... Mylan (MYL), up 4% after acquiring Abbott's (ABT) non-U.S. developed markets specialty and branded generics business in all-stock transaction valued at about $5.3B. Abbott up 1.6% after the news... Progenics (PGNX), up 13% after FDA says RELISTOR can be approved on data submitted in sNDA... Exelixis (EXEL), up 13% after announcing coBRIM Phase 3 trial met primary endpoint... URS (URS) up 8% after acquired by AECOM Technology (ACM) for $56.31 per share. AECOM shares alos up 2% after deal announcement... Whiting Petroleum (WLL), up 4.5% after agreeing to acquire Kodiak Oil & Gas (KOG) in a $6B transaction. Kodiak Oil & Gas up 3%... Kandi Technologies (KNDI), up 11% after announcing JV's sale of 4,114 EVs in Q2. LOWER: Riverbed (RVBD), down 4.5% after saying it sees its Q2 adjusted EPS at low end of 26c-28c range... Harmonic (HLIT), down 13% after reporting preliminary Q2 earnings results.. EBay (EBAY), down 0.5% after downgraded at Pacific Crest, confirming partnership plans with Sotheby's (BID).
08:33 EDTACMAECOM Technology expects to return to lower debt levels by 2017
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08:01 EDTACMAECOM Technology to host conference call
Conference call to discuss the acquisition of URS Corporation will be held on July 14 at 8 am. Webcast Link
07:38 EDTACMURS volatility expected to move on AECOM Technology acquiring for $4B
URS (URS) option implied volatility is expected to move on AECOM Technology (ACM) acquiring all outstanding shares of URS for a combination of cash and stock valued at approximately $4B or $56.31 per URS share. Overall option implied volatility of 49 is above its 26-week average of 29 according to Track Data, suggesting large near term price movement.

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