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Stock Market & Financial Investment News

News Breaks
March 29, 2012
10:20 EDTADS, RIG, WFC, PNR, JWN, GBDC, DLPH, DK, AINV, HEROOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alliance Data Systems (ADS) upgraded to Outperform at Keefe Bruyette...Apollo Investment (AINV) upgraded to Outperform from Market Perform at Wells Fargo...Delek US Holdings (DK) upgraded to Outperform from Neutral at Credit Suisse...Delphi Automotive (DLPH) upgraded to Buy from Neutral at Citigroup...Golub Capital (GBDC) upgraded to Outperform from Market Perform at Wells Fargo...Nordstrom (JWN) upgraded to Buy from Neutral at Goldman...Pentair (PNR) upgraded to Outperform from Market Perform at William Blair...Wells Fargo (WFC) upgraded to Buy from Neutral at Nomura...Transocean (RIG) upgraded to Outperform from Underperform at CLSA...Hercules Offshore (HERO) upgraded to Buy from Underperform at CLSA.
News For ADS;AINV;DK;DLPH;GBDC;JWN;PNR;WFC;RIG;HERO From The Last 14 Days
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August 14, 2014
15:03 EDTJWNNotable companies reporting after market close
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13:24 EDTJWNNordstrom August 67 straddle priced for 4.6% move into Q2
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12:05 EDTJWNNordstrom technical commentary ahead of results
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10:05 EDTDLPHOn The Fly: Analyst Initiation Summary
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August 13, 2014
16:16 EDTDLPHDelphi Automotive initiated with an Outperform at Credit Suisse
Target $83.
11:46 EDTJWNMacy's shares trading lower as Q2 results fall short of expectations
Shares of Macy's (M), a retailer that sells a range of merchandise, including apparel, accessories and home furnishings, are lower after the company's second earnings missed analysts' expectations. WHAT'S NEW: The company reported Q2 earnings per share 80c on revenue of $6.23B, falling short of analysts' estimates of 86c and $6.3B, respectively. Comparable sales were up 3.4% for the quarter and comparable sales together with comparable sales of departments licensed to third parties were up 4%. Chief Executive Officer Terry Lundgren noted that even with an improved sales trend in Q2, the company could not make up its sales shortfall from the first quarter. Looking ahead, Macy's reaffirmed its fiscal year 2014 EPS view of $4.40-$4.50 against estimates of $4.47, but cut its FY14 SSS view to 1.5%-2% from 2.5%-3%. Second half same store sales are expected to be up 2%-3%, and the company said expectations for the second half of the year are "on track." Lundgren said the company is approaching 2H with "confident optimism." WHAT'S NOTABLE: On the company's earnings conference call, Macy's Chief Financial Officer Karen Hoguet said the retail expects third quarter SSS to be lower than fourth quarter, adding that it "feels good" about the back half of the year. Macy's said that it sees fall season EPS, or the combined EPS for Q3 and Q4, of $3.04-$3.14 and expects total sales for the second half of the year to be about 30 basis points lower than comp growth. Macy's sees gross margins flat to down slightly for the year and fall season. ANALYST OPINION: This morning, UBS analysts said the Q2 miss could signal Macy's have been unable to generate incremental margin support from brands into increasingly promotional sales trends. Morgan Stanley analysts, meanwhile, believes the Q2 miss and the pullback in shares will be temporary and it presents a buying opportunity. The firm expects more margin misses over the next few weeks due to the promotional environment and remains convinced that Macy's key strategies are still in the early stages of delivering results. PRICE ACTION: In late-morning trading, shares of Macy's dropped $2.89, or 4.84%, to $56.88. OTHERS TO WATCH: J.C. Penney (JCP), which reports earnings tomorrow, is down 2.15%. Nordstrom (JWN), which also reports earnings tomorrow, is relatively flat.
August 12, 2014
07:48 EDTWFCBanks posted second-highest profit in 23 years in second quarter, WSJ says
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07:12 EDTWFCWells Fargo sells nearly $1.3B in troubled mortgage debt, Bloomberg says
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August 11, 2014
15:23 EDTDLPHJPMorgan to hold a conference
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August 8, 2014
14:18 EDTJWNNordstrom August volatility elevated into Q2 results and outlook
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12:27 EDTAINVApollo Investment management to meet with JMP Securities
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10:00 EDTDKOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Activision Blizzard (ATVI) upgraded to Buy from Neutral at Longbow... Allergan (AGN) upgraded to Outperform from Market Perform at Leerink... Andersons (ANDE) upgraded to Buy from Hold at Feltl... Arista Networks (ANET) upgraded to Buy from Neutral at Citigroup... Barrick Gold (ABX) upgraded to Conviction Buy from Buy at Goldman... Brinker (EAT) upgraded to Outperform from Market Perform at Raymond James... CF Industries (CF) upgraded to Buy from Hold at Feltl... CST Brands (CST) upgraded to Neutral from Underperform at Credit Suisse... Cimarex Energy (XEC) upgraded to Accumulate from Hold at KLR Group... Coca-Cola HBC (OCCH) upgraded to Buy from Hold at Deutsche Bank... Delek US (DK) upgraded to Outperform at Cowen... Fifth Street Finance (FSC) upgraded to Buy from Neutral at Guggenheim... Glimcher Realty Trust (GRT) upgraded to Buy from Neutral at BofA/Merrill... Goodrich Petroleum (GDP) upgraded to Strong Buy from Outperform at Raymond James... Monster Beverage (MNST) upgraded to Neutral from Underperform at Longbow... NIC Inc. (EGOV) upgraded to Outperform from Market Perform at Barrington... NVIDIA (NVDA) upgraded at Needham... POZEN (POZN) upgraded to Buy from Hold at Ascendiant... Power Solutions (PSIX) upgraded to Accumulate from Neutral at Global Hunter... Primoris (PRIM) upgraded to Buy from Hold at BB&T... Sierra Bancorp (BSRR) upgraded to Outperform from Market Perform at Raymond James... Sonus Networks (SONS) upgraded to Outperform from Market Perform at Barrington... Stone Energy (SGY) upgraded to Buy from Accumulate at KLR Group... Tornier (TRNX) upgraded at BMO Capital... Tyson Foods (TSN) upgraded to Buy from Hold at BB&T... WGL Holdings (WGL) upgraded to Buy from Hold at Brean Capital.
08:54 EDTDKDelek US upgraded to Outperform at Cowen
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07:18 EDTWFCRegulators direct banks to steer mortgage aid to hard-hit areas, FT says
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06:47 EDTDKDelek US upgraded to Outperform from Market Perform at Cowen
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August 7, 2014
10:21 EDTRIGTransocean says pace of tendering is slow for deep water market
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09:08 EDTRIGOn The Fly: Pre-market Movers
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08:23 EDTWFCL.A. suit against JPMorgan over mortgage lending dismissed, Reuters reports
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07:37 EDTGBDCGolub Capital reports Q3 EPS 35c, consensus 32c
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07:35 EDTAINVApollo Investment reports Q2 NII 23c, consensus 22c
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