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Stock Market & Financial Investment News

News Breaks
February 13, 2013
05:55 EDTACW, ACW, CSX, CSX, ECHO, ECHO, CNW, CNW, WERN, WERN, UNP, UNP, NSC, NSC, HTLD, HTLD, GBX, GBX, R, RBB&T to hold a conference
28th Annual Transportation Services Conference is being held in Coral Gables, Florida on February 13-14.
News For ACW;GBX;HTLD;NSC;UNP;WERN;CNW;ECHO;CSX;R From The Last 14 Days
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February 4, 2016
12:12 EDTUNPUnion Pacific announces 2016 capital plan of $3.75B, down $550M y/y
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February 2, 2016
14:44 EDTRRyder management to meet with Buckingham
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11:39 EDTROptions with increasing call volume; FDC IMOS WEN IDTI HS GPR KORS HRS PNRA R CX
11:21 EDTRRyder sees lower used vehicle sales pricing in 2016
Comments from Q4 earnings call.
07:57 EDTRRyder sees Q1 comparable EPS $1.03-$1.08, consensus $1.16
First quarter comparisons reflect significant used vehicle sales headwinds and softer rental performance in 2016, as well as an atypical fuel benefit in the prior year. First quarter earnings comparisons exclude pension costs of $0.07 per diluted share in 2016.
07:57 EDTRRyder reports Q4 comparable EPS $1.66, consensus $1.74
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07:56 EDTRRyder sees FY16 comparable EPS $6.10-$6.30, consensus $6.59
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07:55 EDTRRyder authorizes new anti-dilutive program to repurchase up to 2M shares
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07:19 EDTNSCPennsylvania dems raise concern over potential CP-Norfolk deal, Reuters says
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February 1, 2016
10:00 EDTWERNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Air Products (APD) upgraded to Buy from Neutral at UBS... American Airlines (AAL) upgraded to Outperform from Market Perform at Cowen... Axiall (AXLL) upgraded to Overweight from Neutral at JPMorgan... BASF (BASFY) upgraded to Buy from Hold at Societe Generale... CNH Industrial (CNHI) upgraded to Neutral from Underperform at BofA/Merrill... CU Bancorp (CUNB) upgraded to Outperform from Market Perform at Fig Partners... CaixaBank (CAIXY) upgraded to Hold from Sell at Societe Generale... Chipotle (CMG) upgraded to Neutral from Underperform at BofA/Merrill... Concho Resources (CXO) upgraded to Buy from Neutral at SunTrust... Continental Building (CBPX) upgraded to Buy from Hold at BB&T... Eastman Chemical (EMN) upgraded to Buy from Outperform at CLSA... Extreme Networks (EXTR) upgraded to Buy from Hold at Needham... Glacier Bancorp (GBCI) upgraded to Outperform from Market Perform at Fig Partners... IBERIABANK (IBKC) upgraded to Strong Buy from Outperform at Raymond James... Infineon (IFNNY) upgraded to Buy from Neutral at UBS... Jarden (JAH) upgraded to Outperform from Market Perform at Raymond James... Joy Global (JOY) upgraded to Overweight from Equal Weight at Barclays... KT Corporation (KT) upgraded to Overweight from Neutral at JPMorgan... Kennametal (KMT) upgraded to Neutral from Underperform at BofA/Merrill... L-3 Communications (LLL) upgraded to Buy on valuation at BofA/Merrill... Maximus (MMS) upgraded to Outperform from Market Perform at Raymond James... Micron (MU) upgraded to Neutral from Sell at Goldman... Monster Beverage (MNST) upgraded to Outperform from Market Perform at Wells Fargo... Newell Rubbermaid (NWL) upgraded to Outperform from Market Perform at Raymond James... Northrop Grumman (NOC) upgraded to Buy from Neutral at BofA/Merrill... PTC (PTC) upgraded to Buy from Neutral at Sterne Agee CRT... Peoples Bancorp (PEBO) upgraded to Outperform from Neutral at Boenning & Scattergood... Praxair (PX) upgraded to Buy from Neutral at UBS... Proofpoint (PFPT) upgraded to Outperform from In-Line at Imperial Capital... Seagate (STX) upgraded to Hold from Sell at Benchmark... Siemens (SIEGY) upgraded to Buy from Neutral at Nomura... Superior Drilling (SDPI) upgraded to Buy from Hold at Wunderlich... Vertex (VRTX) upgraded to Buy from Hold at Jefferies... Werner (WERN) upgraded to Strong Buy from Outperform at Raymond James... ZAIS Financial (ZFC) upgraded to Overweight from Equal Weight at Barclays.
07:43 EDTWERNWerner upgraded to Strong Buy from Outperform at Raymond James
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January 28, 2016
16:12 EDTWERNWerner reports Q4 EPS 51c, consensus 46c
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10:42 EDTNSCNorfolk Southern upgraded to Market Perform at Avondale (pre-open)
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09:37 EDTNSCNorfolk Southern downgraded to Neutral from Buy at Buckingham
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January 27, 2016
16:36 EDTNSCOn The Fly: Top stock stories for Wednesday
Stocks began the session in negative territory as sliding oil prices and disappointing guidance from Apple (AAPL) and Boeing (BA) had investors on the defensive. The averages reversed and moved into positive territory following a rally in oil, which came despite the weekly Department of Energy inventory build up coming in higher than expected. The market pared its gains heading into the Fed's rate announcement and then moved sharply lower following the central banks comments about lower growth in U.S. in 2016. Other comments were less dovish than expected and the market sold off into the close. ECONOMIC EVENTS: In the U.S., new home sales surged 10.8% to a 544,000 annualized pace in December, topping expectations and hitting their highest level in 10 months. The FOMC rate decision was issued at 2:00 pm, with the Federal Reserve keeping interest rates unchanged and commenting that the "Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate... Inflation is expected to remain low in the near term, in part because of the further declines in energy prices, but to rise to 2% over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further." COMPANY NEWS: Apple (AAPL) declined $6.55, or 6.55% to $93.44 after the tech giant reported first quarter earnings that topped consensus estimates last night, but also issued revenue guidance for the new quarter that missed expectations. The company was noted by several analysts as taking a particularly downbeat tone in its earnings conference call, invoking the difficult macroeconomic environment and weakness it has recently seen in China... Apple was not the worst performer in the Dow, however, with that distinction going to Boeing (BA). Shares of the commercial airplane maker and defense contractor plummeted $11.43, or 8.93%, to $116.58 after its profit outlook for the new fiscal year fell far short of the Street's consensus forecast... Shell (RDS.A, RDS.B) investors approved the company's proposed acquisition of BG Group (BRGYY), with roughly 83% of votes cast in favor of the deal. MAJOR MOVERS: Among the notable gainers was SunEdison (SUNE), which added 8.7% to its already meaningful gains over the past several days after agreeing to new corporate governance initiatives with David Einhorn's Greenlight Capital, including amending its bylaws to restrict equity issuances for two years without a supermajority board vote. Also higher was Freeport McMoRan (FCX), which gained 10.95% to $4.66 after Indonesia's energy minister said he is "certain" of finding a solution to extend the company's copper export permit and as analysts applauded the company's decision to consider selling mining assets to pay down debt. Meanwhile, United Technologies (UTX), Biogen (BIIB) and Norfolk Southern (NSC) rose 0.19%, 5.15% and 1.44%, respectively, following their earnings reports. Among the noteworthy losers was DeVry (DV), which crashed 15.4% to $20.09 after the FTC filed suit over its allegedly deceptive marketing, with the Department of Education also announcing actions against the for-profit education company. Also lower were U.S. Steel (X), VMware (VMW) and Anthem (ANTM), which lost 14.35%, 9.82% and 4.74%, respectively, following their earnings reports. INDEXES: The Dow fell 222.77, or 1.38%, to 15,944.46, the Nasdaq lost 99.51, or 2.18%, to 4,468.17, and the S&P 500 declined 20.68, or 1.09%, to 1,882.95.
08:49 EDTGBXGreenbrier could become takeover target, says KeyBanc
KeyBanc believes that M&A within the machinery sector could intensify. The firm identifies Greenbrier as the top potential target within the railcar sector, citing what it sees as the company's "solid backlog and balance sheet, as well as significant liquidity, solid dividend yield, and strong returns and free cash flow conversion." The firm says that Greenbrier's valuation has reached historic lows. It keeps a $40 price target and Overweight rating on the name. .
08:07 EDTNSCNorfolk Southern provides further details in expense savings
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08:06 EDTNSCNorfolk Southern expects to reduce headcount by 2,000 employees by 2020
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08:05 EDTNSCNorfolk Southern plans to reduce costs, achieve annual savings of $650M by 2020
Norfolk Southern announced further details of its strategic plan designed to streamline operations and drive profitability and growth. The company's projected expense reduction and disciplined cost control initiatives are in the categories of compensation and benefits, purchased services and rents, materials, and fuel. The company expects to achieve annual productivity savings of more than $650M per year by 2020, growing from an initial $130M in 2016. With this plan, Norfolk Southern expects to improve consistency, reliability, and availability, resulting in a faster, lower cost, and more profitable railroad. The Company has already begun implementing the plan and expects associated net benefits to begin appearing in Norfolk Southern's financial results beginning in the first half of 2016. The strategic plan, which was announced on Dec. 4, 2015, is the result of a six-month, comprehensive evaluation of the company's business model, including customer service, network performance efficiency measures, and revenue growth. As a result of these measures, the Company expects to achieve an operating ratio below 70 in 2016 with additional improvements driving OR to less than 65 by 2020, with double digit annual EPS growth, increased ROE and higher return of capital.
08:03 EDTNSCNorfolk Southern reports Q4 EPS $1.20, consensus $1.23
Reports Q4 revenue $2.52B, consensus $2.57B. Results included expenses related to restructuring the company's Triple Crown Services subsidiary and closing its Roanoke, Va., office, which together reduced fourth-quarter net income by $31 million, or 10c per share.
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