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Stock Market & Financial Investment News

News Breaks
August 14, 2014
10:05 EDTURS, QLYS, JONE, FCX, WYNN, TBPH, MSG, ITMN, FN, VSAT, SEAS, LVMUY, INFY, ADDYYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Adidas (ADDYY) downgraded to Neutral from Buy at Goldman... Fabrinet (FN) downgraded at B. Riley... Freeport McMoRan (FCX) downgraded at Stifel... Infosys (INFY) downgraded to Hold from Buy at Jefferies... InterMune (ITMN) downgraded to Neutral from Buy at Goldman... Jones Energy (JONE) downgraded to Neutral from Overweight at JPMorgan... LVMH Moet Hennessy (LVMUY) downgraded to Neutral from Buy at Goldman... Madison Square Garden (MSG) downgraded to Hold from Buy at Topeka... Qualys (QLYS) downgraded to Sector Perform from Outperform at RBC Capital... SeaWorld (SEAS) downgraded to Market Perform from Outperform at Wells Fargo... Theravance Biopharma (TBPH) downgraded to Underperform from Neutral at RW Baird... URS Corporation (URS) downgraded to Neutral from Buy at Sterne Agee... ViaSat (VSAT) downgraded to Perform from Outperform at Oppenheimer... Wynn Resorts (WYNN) downgraded to Hold from Buy at Gabelli.
News For ADDYY;FN;FCX;INFY;ITMN;JONE;LVMUY;MSG;QLYS;SEAS;TBPH;URS;VSAT;WYNN From The Last 14 Days
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February 26, 2015
07:37 EDTSEASSeaWorld reports Q4 attendance of 4.4M
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07:36 EDTSEASSeaWorld reports Q4 adjusted EPS (11c), consensus (16c)
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February 25, 2015
07:25 EDTJONEJPMorgan to hold a conference
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February 24, 2015
16:42 EDTWYNNOn The Fly: Closing Wrap
Stocks on Wall Street began the day almost unchanged as investors awaited the testimony from Federal Reserve Chair Janet Yellen before a Senate panel. Following her prepared remarks, which suggested the central bank will not rush to raise interest rates, buyers stepped in to push the market higher. The Dow moved to all-time highs, as did the S&P, while the Nasdaq extended its most recent streak that saw the index close higher for nine consecutive sessions for the first time that has happened since 2009. ECONOMIC EVENTS: In the U.S., Federal Reserve Chair Janet Yellen stated in prepared testimony to Congress that the central bank considers it "unlikely" that economic conditions will warrant an increase in the target range for the federal funds rate for "at least the next couple" of FOMC meetings. Yellen also said that while the drop in oil prices will have negative effects on energy producers and will probably result in job losses in this sector, it will likely be a significant overall net positive for the U.S. economy. The S&P Case-Shiller 20-city house price index reported a seasonally adjusted monthly increase of 0.9%, versus expectations for an increase of 0.6%. Markit's services PMI for February came in at 57.0, versus consensus of 54.5. The Conference Board consumer confidence index declined in February to 96.4, which was down from last month's revised 103.8 figure and below the consensus 99.5 forecast. The Richmond Fed manufacturing index for February came in at 0, versus the consensus expectation for a reading of 6. In Europe, eurozone finance ministers approved Greece's reform proposals and extended the country's bailout program by four more months. COMPANY NEWS: Home Depot (HD) advanced $4.47, or 3.98%, to $116.75 after the Dow member's earnings beat expectations. The home improvement giant also hiked its quarterly dividend by 26% and authorized an $18B share repurchase program. MAJOR MOVERS: Among the notable gainers was SunPower (SPWR), which rose $5.00, or 17.99%, to $32.80 after its quarterly results topped expectations and the company announced that its in advanced talks to form a joint YieldCo vehicle with peer First Solar (FSLR). First Solar shares also advanced $5.06, or 10.19%, to $54.70 during the session, though its shares are fractionally lower in after-hours trading after the company issued its own earnings report. Among the noteworthy losers was Rosetta Resources (ROSE), which fell $3.29, or 15.04%, to $18.58 after its weaker than expected Q4 report and lowered guidance was followed by at least five analyst downgrades of its stock. Also lower were shares of Wynn Resorts (WYNN), which slid $7.33, or 4.75%, to $147.00 after reports indicated that Macau's government views overcrowding from tourists as a serious problem and plans to review the mainland’s individual visit scheme with authorities after Chinese New Year. INDEXES: The Dow rose 92.35, or 0.51%, to 18,209.19, the Nasdaq gained 7.15, or 0.14%, to 4,968.12, and the S&P 500 added 5.82, or 0.28%, to 2,115.48.
14:43 EDTSEASSeaWorld volatility elevated into Q4 and outlook
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09:52 EDTWYNNMacau to review mainland’s individual visit scheme, Macau Business Daily says
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08:09 EDTTBPHTheravance enrolls first patient in Phase 3 registrational study of Telavancin
Theravance Biopharma announced enrollment of the first patient in the company's Phase 3 registrational study of telavancin in patients with Staphylococcus aureus bacteremia. The trial is designed to support a regulatory filing for telavancin as a treatment for Staphylococcus aureus bacteremia. Bacteremia is the presence of bacteria in the bloodstream and represents a significant unmet medical need. There are only two currently approved antibiotics for the treatment of Staphylococcus aureus bacteremia and treatment failure is common in these patients, particularly when the infection is methicillin-resistant Staphylococcus aureus. The Phase 3 trial is a multi-center, randomized, open-label study that will enroll approximately 250 adult patients with confirmed MSSA or MRSA bacteremia at about 70 clinical sites in the U.S. and around the world. Researchers will evaluate the non-inferiority of telavancin in treating these patients as compared to standard therapies such as vancomycin, daptomycin and anti-staphylococcal penicillins.
February 23, 2015
10:15 EDTQLYSCyberArk sinks after JPMorgan analyst cuts rating to sell
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09:50 EDTFCXFreeport McMoRan says pursuing O&G JVs, other transactions
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09:37 EDTFCXFreeport McMoRan CEO says not likely to sell assets
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07:46 EDTWYNNJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 23 at 8:20 am; not all company presentations may be webcasted. Webcast Link
February 20, 2015
11:31 EDTFCXFreeport McMoRan announces 75MMcf/day productoin test on Highlander discovery
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10:01 EDTADDYYOn The Fly: Analyst Upgrade Summary
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05:37 EDTADDYYadidas upgraded to Hold from Sell at Deutsche Bank
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February 19, 2015
10:25 EDTQLYSQualys and China Biologic mentioned positively by Navellier
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09:38 EDTADDYYadidas searching for new CEO, Reuters reports
adidas' board has begun looking for a new CEO, the company's current CEO wrote to the company's employees, according to Reuters. Reference Link
February 18, 2015
11:16 EDTVSATViaSat management to meet with B. Riley
Meeting to be held in Tampa on February 25 hosted by B. Riley.
05:13 EDTINFYInfosys announces multi-year, multimillion-dollar partnership with ABN AMRO
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February 16, 2015
10:49 EDTINFYInfosys to acquire automation technology firm Panaya for $200M
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February 15, 2015
17:43 EDTQLYSCybersecurity firm Kaspersky warns of cyber attack on banks, FT says
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