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Stock Market & Financial Investment News

News Breaks
February 25, 2014
10:00 EDTSNOW, TIVO, RARE, OESX, SAVE, OCN, BLOX, CARA, ALK, UAL, LUV, NRZ, HA, AVGO, ADBE, NWHM, PKT, MBUU, DAL, ALGTOn 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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May 13, 2015
11:20 EDTLUVSouthwest CEO says balance sheet, liquidity remain strong
Gary Kelly, Chairman of the Board, President, and CEO, stated: "Our balance sheet and liquidity remain strong with cash and short-term investments of approximately $3.2 billion, and a fully available unsecured revolving credit line of $1 billion. We remain the only investment grade U.S. airline by all three credit agencies. Our debt levels are modest, and we continue to prudently manage our invested capital."
11:18 EDTLUVSouthwest sees FY15 ASM growth approximately 7%; FY16 ASM growth 6%-7%
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11:15 EDTLUVSouthwest sees FY15 CapEx approximately $1.8B
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11:12 EDTLUVSouthwest raises dividend 25%, announces new $1.5B share repurchase plan
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11:10 EDTLUVSouthwest raises dividend 25%, announces new $1.5B share repurchase plan
09:56 EDTDALEquity options with increasing volume
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09:50 EDTDALDelta Air Lines rallies after boosting dividend, buyback program
Shares are up over 3.5% to $47.72 at time of writing. At that price next resistance is at $49.19. Support is at $47.28.
09:34 EDTDALDelta Air Lines raises 2015-2017 EPS growth outlook to 15%-plus
Delta Air Lines in presentation slides raised its 2015-2017 earnings growth outlook to 15%-plus from 10%-15%. Delta raised its 2015-2017 operating margin guidance to 14%-16% from 11%-14%. It sees return on invested capital 20%-25% versus a prior outlook of 15%-18%. The airliner also raised its operating cash flow outlook to $7B-$8B from $6B. "Strong progress drives the third upward revision to our targets in three years," Delta said in the slides. It added, "Strong operating cash flow, combined with disciplined capital spending, produces sustainable free cash flow of $4-5 billion annually."
09:21 EDTDALOn The Fly: Pre-market Movers
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07:13 EDTDALBofA/Merrill to hold a conference
2015 Transportation Conference is being held in Boston on May 13-14.
07:04 EDTDALDelta Air Lines to return additional $6B to shareholders through 2017
Delta's board announced a new $5B share repurchase program, to be completed no later than December 31, 2017. In addition, the company's quarterly dividend will increase by 50% to 13.5c per share beginning in the September 2015 quarter. These two programs are expected to return more than $6B to shareholders through 2017. The company also announced that it is on track to complete the remaining $725M of its prior $2 billion share repurchase authorization by June 30. When this authorization is completed, Delta will have returned a total of $3B in dividends and share repurchases since announcing its initial program two years ago. Going forward, the company intends to return at least 50% of free cash flow to shareholders through 2017. The new $5B repurchase authorization and 50% increase to the quarterly dividend approved by Delta's board are expected to return more than $6B to shareholders through 2017. Delta ended the March 2015 quarter with $7.4B of adjusted net debt, a reduction of $2B since the end of 2013 and roughly $10B since the company began its debt reduction efforts in 2009. The company has set a target to achieve and maintain $4B of adjusted net debt by year end 2017. This debt level is expected to result in annual net interest expense of ~$200M, a $1.1B reduction compared to 2009. Since 2009, Delta has increased its pension plan assets by $1.7 billion, net of $5.2 billion in distributions, through a combination of contributions and asset returns. The company plans to maintain its current $1 billion annual funding level through 2020, with a goal of achieving 80% funded status by that date. Delta made a one-time additional $200M contribution in 2015, for a total contribution of $1.2B for the year, to keep the company on track to achieve its 2020 target.
May 12, 2015
18:30 EDTLUVSouthwest pilots union begins strike preparedness, says 'time for a deal'
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16:05 EDTCARACara Therapeutics reports Q1 EPS (21c), consensus (27c)
Reports Q1 revenue $489K, consensus $700K.
07:47 EDTRAREUltragenyx price target raised to $78 from $68 at Canaccord
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05:35 EDTAVGOAvago reinstated with an Overweight at Barclays
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May 11, 2015
17:57 EDTOCNOcwen files 2014 10-K without 'going concern' qualification
Ocwen Financial Corporation announced that it has filed its 2014 Form 10-K with the SEC. "We believe the filing of our 2014 Form 10-K, without a qualification as to our ability to operate as a going concern, is additional evidence that our strategy to strengthen our compliance management system, strengthen the service we provide to our customers and improve our financial stability is working and that confidence in the company is being restored," stated Ocwen CEO Ron Faris.
16:26 EDTRAREUltragenyx reports Q1 EPS (63c), consensus (54c)
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16:00 EDTDALOptions Update; May 11, 2015
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08:02 EDTUALUnited removes autistic teen from flight, mother says will sue, ABC News says
An Oregon woman, her husband, and their autistic daughter were removed from a United Airlines flight to Portland after the plane made an emergency landing in Salt Lake City. The woman claims the flight crew discriminated against her daughter for being autistic and she intends to sue the airline, reports ABC News. Reference Link
07:28 EDTUALUnited Continental raises Q2 average fuel price per gallon view to $2.17-$2.22
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