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Stock Market & Financial Investment News

News Breaks
May 28, 2014
10:00 EDTACUR, DG, LYV, HSH, LOW, NLS, VODOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Acura Pharma (ACUR) downgraded to Hold from Buy at MLV & Co.... Dollar General (DG) downgraded to Hold from Buy at Deutsche Bank... Hillshire Brands (HSH) downgraded to Market Perform from Outperform at BMO Capital... Live Nation (LYV) downgraded at Sterne Agee... Lowe's (LOW) downgraded at Canaccord... Nautilus (NLS) downgraded to Neutral from Buy at B. Riley... Vodafone (VOD) downgraded to Hold from Buy at Berenberg.
News For ACUR;DG;LYV;HSH;LOW;NLS;VOD From The Last 14 Days
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October 31, 2014
08:01 EDTDGDollar General extends tender offer to acquire Family Dollar to December 31
Dollar General Corporation (DG) announced that it has extended its tender offer to acquire all outstanding shares of Family Dollar Stores (FDO) for $80.00 per share in cash to 5:00 p.m., New York City time, on December 31, 2014, unless further extended. In addition, Dollar General intends to file today the definitive proxy materials with the U.S. SEC for the Special Meeting of Shareholders of Family Dollar scheduled to be held on December 11, 2014, to vote on the merger with Dollar Tree (DLTR), and to commence mailing of such definitive proxy materials to Family Dollar shareholders of record as of October 30, 2014 on or about November 3, 2014. Dollar General urges Family Dollar shareholders to vote the GOLD proxy card in order to vote AGAINST the merger agreement with Dollar Tree and the additional related proposals described in the definitive proxy materials and to tender their shares into Dollar Generalís tender offer. The tender offer was previously set to expire at 5:00 p.m., New York City time, on October 31, 2014. All other terms and conditions of the tender offer remain unchanged. Dollar General remains committed to the proposed acquisition of Family Dollar and will continue to cooperate with the Federal Trade Commission to obtain antitrust regulatory clearance for the transaction.
October 30, 2014
16:16 EDTLYVLive Nation reports Q3 EPS 49c, consensus 38c
Reports Q3 revenue $2.5B, consensus $2.45B.
15:30 EDTLYVNotable companies reporting after market close
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10:09 EDTLOWLowe's, Home Depot rise after Goldman says housing outlook improved
Shares of Lowe's (LOW) and Home Depot (HD) are rising after Goldman Sachs became more upbeat on both companies. The firm said that the housing sector's improved outlook made the stocks more attractive. WHAT'S NEW: Goldman Sachs analyst Matthew Fassler upgraded Lowe's to Buy from Neutral and raised his price target on the shares to $63 from $58. He increased his price target on Home Depot to $103 from $100 but kept a Neutral rating on the stock. Fassler increased his estimates for both companies to reflect his greater optimism about the housing sector in 2015-2016. The analyst said that his upgrade of Lowe's also reflects his more upbeat view of retail stocks linked to housing, given the lack of cyclical challenges facing the housing market. Furthermore, Lowe's can increase its margins significantly, as they are much further below their peak than most of the company's peer, according to Fassler. Meanwhile, the big box, Do-It-Yourself retailers face little competition from Amazon (AMZN), added the analyst. PRICE ACTION: In early trading, Lowe's climbed 0.5% to $56.09, while Home Depot rose fractionally to $96.48.
10:02 EDTLOWOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ally Financial (ALLY) upgraded to Buy from Hold at Deutsche Bank... Banco Bradesco (BBD) upgraded to Overweight from Neutral at JPMorgan... Cree (CREE) upgraded to Neutral from Underperform at BofA/Merrill... Finish Line (FINL) upgraded to Overweight from Neutral at Piper Jaffray... Grand Canyon (LOPE) upgraded to Overweight from Neutral at Piper Jaffray... Hess Corp. (HES) upgraded to Outperform from Sector Perform at Howard Weil... Ignite Restaurant (IRG) upgraded to Market Perform from Underperform at Raymond James... Lowe's (LOW) upgraded to Buy from Neutral at Goldman... MakeMyTrip (MMYT) upgraded to Buy from Hold at Deutsche Bank... MicroStrategy (MSTR) upgraded to Overweight from Equal Weight at First Analysis... Moelis (MC) upgraded to Positive from Neutral at Susquehanna... PG&E (PCG) upgraded to Neutral from Sell at Goldman... RF Micro Devices (RFMD) upgraded to Buy at Canaccord... Ruckus Wireless (RKUS) upgraded to Equal Weight from Underweight at Morgan Stanley... STMicroelectronics (STM) upgraded to Neutral from Sell at UBS... Sealed Air (SEE) upgraded to Market Perform from Underperform at Wells Fargo... Software AG (STWRY) upgraded to Neutral from Underweight at JPMorgan... Southwest (LUV) upgraded to Neutral from Underweight at JPMorgan... Sprint (S) upgraded to Neutral from Underperform at Credit Suisse... SunPower (SPWR) upgraded to Buy from Hold at Canaccord... Take-Two (TTWO) upgraded to Buy from Hold at Brean Capital... TriQuint (TQNT) upgraded to Buy at Canaccord... Visa (V) upgraded to Outperform from Market Perform at FBR Capital... Whiting Petroleum (WLL) upgraded to Overweight from Equal Weight at Stephens.
06:28 EDTLOWLowe's upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Lowe's (LOW) to Buy saying housing is going through a multi-year recovery. Goldman believes the large home improvement retailers have limited risk of disruption by Amazon (AMZN). It raised its price target for Lowe's shares to $63 from $58. The firm keeps a Neutral rating on Home Depot (HD) but raised its price target for shares to $103 from $100.
October 26, 2014
18:59 EDTVODVodafone's Ono acquisition tainted by tax fraud claims, Telegraph says
Britian's Vodafone and Spanish authorities have begun an investigation into allegations of tax fraud at the Spanish cable operator Grupo Corporativo Ono that Vodafone purchased in July for GBP6B, says the Telegraph. Reference Link
October 24, 2014
09:36 EDTVODActive equity options trading on open
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08:53 EDTVODVodafone rumored to prepare bid for TalkTalk, Daily Mail says
Rumors have circulated among U.K. trading desks that Vodafone is lining up a cash bid worth GBP4.3B for TalkTalk Telecom, according to The Daily Mail's "This is Money." Shares of Vodafone trading in New York are up over 2% in the pre-market session following the report. Reference Link
October 21, 2014
17:27 EDTDGFamily Dollar certifies substantial compliance with FTC
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October 20, 2014
09:36 EDTVODActive equity options trading on open
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October 17, 2014
16:09 EDTDGElliott Advisors expresses concerns over Family Dollar merger, nominates slate
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10:00 EDTDG, NLSOn The Fly: Analyst Initiation Summary
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08:11 EDTDGDollar General initiated with a Buy at Stifel
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06:37 EDTNLSNautilus initiated with a Buy at Wunderlich
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