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Stock Market & Financial Investment News

News Breaks
March 19, 2014
07:22 EDTKSU, ARC, TWI, POWL, MSA, HOV, ACO, SJI, OESX, MIC, ASTE, XPO, PRIM, MTRXGlobal Hunter to hold a conference
1:1 Series Infrastructure & Construction Conference is being held in Chicago on March 19.
News For ACO;ARC;ASTE;HOV;KSU;MIC;MSA;MTRX;OESX;POWL;PRIM;SJI;TWI;XPO From The Last 14 Days
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March 31, 2015
09:17 EDTKSUKansas City Southern price target lowered to $120 from $128 at Stephens
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March 30, 2015
07:31 EDTPRIMPrimoris announces water award valued at $16M
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March 26, 2015
09:10 EDTARCJefferies to hold a summit
3D Printing Summit is being held in New York on March 26.
March 25, 2015
13:36 EDTMTRXMatrix Service management to meet with Stephens
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13:26 EDTKSUKansas City Southern management to meet with Stephens
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11:22 EDTXPOXPO Logistics management to meet with Jefferies
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11:20 EDTXPOXPO Logistics management to meet with FBR Capital
Meetings to be held in Milwaukee on March 31 and in Minneapolis on April 1 hosted by FBR Capital.
08:05 EDTHOVHovnanian management to meet with Deutsche Bank
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March 24, 2015
06:12 EDTKSUKansas City Southern could trade down to $100 in near-term, says Citigroup
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March 23, 2015
16:20 EDTKSUOn The Fly: Closing Wrap
Stocks on Wall Street opened in relatively quiet fashion and remained that way throughout the session until a sharp selloff in the closing minutes. For most of the day the averages moved in a narrow range, as the Dow broke its streak of consecutive days with triple digit moves. Like stocks, the oil markets had a quiet session that stood out amid the recent volatility in crude prices. A late day drop prevented the major stock indexes from adding to the big gains they'd notched on Friday. ECONOMIC EVENTS: In the U.S., the Chicago Fed's national activity index fell to -0.11 in February, below expectations for a reading of 0.10. Existing home sales rose 1.2% to a 4.88M rate in February, which was below the consensus forecast for them to grow 2% to a 4.92M unit rate. COMPANY NEWS: Shares of Kansas City Southern (KSU) declined $9.21, or 7.96%, to $106.48 after the railroad operator lowered its fiscal year revenue guidance to reflect slower year-to-date carload growth primarily from the energy sector, along with a continued deterioration in the value of the Mexican peso against the U.S. dollar and lower fuel surcharge revenues driven by lower WTI prices. The revenue warning appeared to weigh on others in the rail industry as well, with Union Pacific (UNP) falling $4.67, or 3.98%, to $112.78, Norfolk Southern (NSC) dropping $3.87, or 3.5%, to $106.56 and Canadian National (CNI) sliding $1.13, or 1.65%, to $67.24. MAJOR MOVERS: Among the notable gainers was ImmunoGen (IMGN), which gained $1.25, or 16.8%, to $8.69 after Takeda (TKPYY) licensed rights to use the company's antibody drug conjugate technology. Also higher was Tenet Healthcare (THC), which rose $2.45, or 4.94%, to $52.07 after agreeing to combine its short-stay surgery and imaging center assets into a new joint venture with United Surgical Partners International. Tenet will initially own 50.1% of the joint venture and will consolidate its financial results and will have a path to full ownership of USPI over the next five years through a put/call structure, the company noted. Among the noteworthy losers was MEI Pharma (MEIP), which plunged $4.37, or 69.37%, to $1.93 and was downgraded by at least four Wall Street research firms after the combination of Pracinostat and azacitidine showed no difference in the rate of complete remission, the primary endpoint of a Phase II study, compared to azacitidine alone. Also lower were shares of Vertex (VRTX), which fell $5.21, or 3.98%, to $125.79 after reporting data from a study evaluating VX-661 in combination with ivacaftor in cystic fibrosis that JPMorgan said was generally below expectations. INDEXES: The Dow fell 11.61, or 0.06%, to 18,116.04, the Nasdaq lost 15.44, or 0.31%, to 5,010.97, and the S&P 500 dropped 3.68, or 0.17%, to 2,104.42.
13:13 EDTKSURailroad operators trade lower after Kansas City Southern reduces FY15 guidance
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12:17 EDTKSUOn The Fly: Midday Wrap
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08:23 EDTKSUKansas City Southern down 4.15% in pre-market trading
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08:14 EDTKSUKansas City Southern sees Q1 adjusted EPS flat to slightly higher
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08:12 EDTKSUKansas City Southern reduces FY15 revenue guidance to low single-digit growth
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07:31 EDTPRIMPrimoris announces three-year, $45M master service agreement
Primoris Services announced a new three year Master Service Agreement from a major utility customer with an anticipated value of $45M. The contract was secured by the ARB Underground division, part of the West Construction Services segment. The MSA will commence in April. The award is for gas distribution work in four regions, ranging from central California up to the Oregon border. This MSA represents incremental revenue to ARBís historic work for the client. The work covered by the agreement includes the replacement of Aldyl-A low pressure distribution mains and services and restoration of public streets, sidewalks and private property to their original condition. Primoris anticipates that the MSA will generate approximately $15M per year, and it is likely that the contract will be extended beyond the initial three years. While the agreement does not obligate the customer to award Primoris a specific dollar amount, its discussions and history with the customer form the basis for its anticipated value.
March 19, 2015
10:21 EDTXPOXPO Logistics management to meet with Oppenheimer
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