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Stock Market & Financial Investment News

News Breaks
February 25, 2014
10:00 EDTSNOW, TIVO, RARE, UAL, LUV, NRZ, HA, AVGO, ADBE, NWHM, PKT, MBUU, DAL, ALGT, OESX, SAVE, OCN, BLOX, CARA, ALKOn The Fly: Analyst Initiation Summary
Adobe (ADBE) initiated with a Positive at Susquehanna... Alaska Air (ALK) initiated with a Buy at Stifel... Allegiant Travel (ALGT) initiated with a Buy at Stifel... Avago (AVGO) initiated with an Outperform at Raymond James... Cara Therapeutics (CARA) initiated with an Overweight at Piper Jaffray... Datawatch (DWCH) initiated with an Outperform at William Blair... Delta Air Lines (DAL) initiated with a Buy at Stifel... Hawaiian Holdings (HA) initiated with a Hold at Stifel... Infoblox (BLOX) initiated with a Buy at Deutsche Bank... Intrawest Resorts (SNOW) initiated with a Buy at KeyBanc... Malibu Boats (MBUU) initiated with an Outperform at Wells Fargo... New Residential (NRZ) initiated with a Buy at Citigroup... Ocwen Financial (OCN) initiated with a Buy at Citigroup Procera Networks (PKT) initiated with a Sell at Deutsche Bank... Southwest (LUV) initiated with a Hold at Stifel... Spirit Airlines (SAVE) initiated with a Buy at Stifel... The New Home Company (NWHM) initiated with a Buy at Citigroup... Ultragenyx (RARE) initiated with an Overweight at JPMorgan... United Continental (UAL) initiated with a Buy at Stifel... Orion Energy (OESX) initiated with a Buy at Craig-Hallum... Intrawest Resorts (SNOW) initiated with an Overweight at Stephens... TiVo (TIVO) initiated with an Outperform at Northland Securities... Ultragenyx (RARE) initiated with an Outperform at Cowen.
News For ADBE;ALK;ALGT;AVGO;CARA;DAL;HA;BLOX;MBUU;NRZ;OCN;PKT;LUV;SAVE;NWHM;UAL;OESX;TIVO;SNOW;RARE From The Last 14 Days
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January 15, 2015
14:03 EDTLUVSouthwest fined $1.6M by U.S. DOT for violating tarmac delay rule
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12:57 EDTPKTConcerned Procera Networks holders to run dissident slate for '15 Annual Meeting
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10:52 EDTOCNChapman Capital discloses Ocwen stake, says it could 'double,' Bloomberg says
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10:29 EDTOCNOptions with increasing implied volatility
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10:06 EDTUALUnited Continental sees special charges of $226M in Q4
The company said in a filing that it expects to record special charges of $226M, or $232M before income taxes, for Q4. he company recorded $141M of costs related primarily to a voluntary early-out program for its flight attendants. More than 2,500 participants elected a one-time opportunity to voluntarily separate from the company and will receive a severance payment, with a maximum value of $100,000 per participant, based on years of service, with retirement dates from Nov. 30, 2014 through the end of 2015. The company will record additional expense associated with this program through 2015 over the remaining required service periods. The company recorded a charge of $16M related to its annual assessment of impairment of its indefinite-lived intangible assets. On Oct. 10, 2014, United used cash to retire, at par, the entire $248M principal balance of the 6% Convertible Junior Subordinated Debentures and the 6% Convertible Preferred Securities, Term Income Deferrable Equity Securities. The $53M expense is primarily associated with the write off of non-cash debt discounts recorded on the TIDES due to purchase accounting during the merger with Continental Airlines in 2010.
10:00 EDTALGTOn The Fly: Analyst Upgrade Summary
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08:41 EDTALGTAllegiant Travel upgraded at BofA/Merrill
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08:20 EDTUALUnited Continental upgraded to Neutral from Underperform at BofA/Merrill
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08:20 EDTALGTAllegiant Travel upgraded to Buy from Neutral at BofA/Merrill
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January 14, 2015
18:18 EDTADBEOn The Fly: After Hours Movers
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16:26 EDTADBEAdobe announces $2.0B stock repurchase plan through FY17
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16:04 EDTHAHawaiian Holdings names Shannon Okinaka as interim CFO
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14:20 EDTDALDelta planning daily service between Los Angeles and Shanghai pending approval
Delta Air Lines plans to begin daily nonstop service between Los Angeles International Airport and Shanghai-Pudong Airport on July 9, 2015, pending U.S. Department of Transportation and foreign government approval. The Los Angeles market makes up 25% of all U.S.-Asia demand, and the start of Shanghai service marks Delta's fourth daily nonstop flight to the Asia-Pacific region in addition to Tokyo-Narita, Tokyo-Haneda and Sydney.
14:09 EDTOCNOcwen, Altisource, Home Loan Servicing downgraded by Moody's
Moody's earlier today downgraded the following ratings with a negative outlook: Ocwen Financial (OCN) - Corporate Family Rating to B3 from B2; Senior Secured Bank Credit Facility to B3 from B2; Senior Unsecured Debt to Caa1 from B3; Altisource Solutions (ASPS) - Corporate Family Rating to B3 from B2; Senior Secured Bank Credit Facility to B3 from B2; Home Loan Servicing Solutions (HLSS) -- Corporate Family Rating to B3 from B2; Senior Secured Bank Credit Facility to B3 from B2. The rating agency cited the "continued regulatory scrutiny of Ocwen that could lead to the loss of their license to service loans in California along with the seriously impaired franchise value of the three companies." Moody's attributed its negative outlook to the "uncertain outcome of the California Department of Business Oversight regulatory action and its effects on the Ocwen's ability to operate in California." It added that the downgrades to Home Loan Servicing and Altisource were driven by their businesses' reliance on Ocwen.
13:49 EDTDALDelta Air Lines January weekly volatility elevated into Q4
Delta Air Lines January weekly call option implied volatility is at 49, February is at 43, March is at 45; compared to its 26-week average of 37 according to Track Data, suggesting large near term price movement into the expected release of Q4 in January 20.
10:50 EDTOCNOcwen Financial puts active on wide price movement
Ocwen Financial April 3 and 7 puts are active on 10K contracts (2K calls) after the company commented that it is fully cooperating with the California Department of Business Oversight, or DBO, to resolve an administrative action dated October 3, 2014. January put option implied volatility is at 248, February is at 146, April is at 142; compared to its 26-week average of 68 according to Track Data. Active put volume suggests traders taking positions for price movement.
10:39 EDTOCNOptions with increasing implied volatility
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08:05 EDTSNOWDigitalGlobe names Gary Ferrera as EVP, CFO
DigitalGlobe (DGI) announced that Gary W. Ferrera will become the company’s EVP and CFO by March 9, 2015. Fred Graffam, who has served as Interim CFO since September 2014, will remain in that role through that time. Ferrera joins DigitalGlobe with extensive experience as a public-company CFO at multiple firms. Most recently, he served as CFO at Denver-based Intrawest Resort Holdings (SNOW).
06:29 EDTADBECompanies reach new deal on worker hiring issue, Reuters says
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05:50 EDTOCNStocks with implied volatility movement; NQ OCN
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