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News Breaks
January 31, 2014
10:01 EDTADT, AT, ABTL, STZ, AG, SVLC, HGR, BSMX, TIBX, SIMG, KMT, DB, CHEF, CMO, CRR, AKZOY, ADTN, ACCLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ADT Corp. (ADT) downgraded to Hold from Buy at Stifel... ADTRAN (ADTN) downgraded to Neutral from Buy at Goldman... AkzoNobel (AKZOY) downgraded to Neutral from Outperform at Exane BNP Paribas... CARBO Ceramics (CRR) downgraded to Sell from Neutral at Guggenheim... Capstead Mortgage (CMO) downgraded to Market Perform at Keefe Bruyette... Chef's Warehouse (CHEF) downgraded to Hold from Buy at Canaccord... Deutsche Bank (DB) downgraded to Equal Weight from Overweight at Barclays... Kennametal (KMT) downgraded to Neutral from Buy at Longbow... Midstates Petroleum (MPO) downgraded to Equal Weight at Morgan Stanley... Silicon Image (SIMG) downgraded to Hold from Buy at Needham... TIBCO (TIBX) downgraded to Underweight from Equal Weight at Barclays... Santander Mexico (BSMX) downgraded to Underperform from Neutral at BofA/Merrill... Hanger (HGR) downgraded to Equal Weight from Overweight at Stephens... SilverCrest (SVLC) downgraded to Market Perform from Outperform at Raymond James... First Majestic (AG) downgraded to Outperform from Strong Buy at Raymond James... Constellation Brands (STZ) downgraded to Underweight from Neutral at HSBC... Autobytel (ABTL) downgraded to Hold from Buy at Ascendiant... Atlantic Power (AT) downgraded to Reduce from Hold at TD Securities... Midstates Petroleum (MPO) downgraded at Morgan Stanley.
News For ADT;ADTN;AKZOY;CRR;CMO;CHEF;DB;KMT;SIMG;TIBX;BSMX;HGR;SVLC;AG;STZ;ABTL;AT;ACCL From The Last 14 Days
Check below for free stories on ADT;ADTN;AKZOY;CRR;CMO;CHEF;DB;KMT;SIMG;TIBX;BSMX;HGR;SVLC;AG;STZ;ABTL;AT;ACCL the last two weeks.
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September 16, 2014
14:44 EDTDBVirginia AG files $1.15B lawsuit against banks that sold RMBS during crisis
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12:18 EDTATOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, with some attributing the move to noted Fed watcher Jon Hilsenrath of The Wall Street Journal giving the opinion that he does not believe the central bank will drop the language that interest rates will "remain low for an extended period of time" when it issues its latest policy statement tomorrow. The averages began the session in negative territory and appeared to be heading for another listless day of trading. The market drifted lower during the opening hour but the Dow and S&P crossed into positive ground and the Nasdaq eventually followed. ECONOMIC EVENTS: In the U.S., the Producer Price Index was unchanged in August, as expected. The core reading, which excludes food and energy, increased 0.1%, also matching expectations. Of note, the Fed's FOMC rate setting group kicked off its two-day policy meeting. COMPANY NEWS: Shares of Apple (AAPL) slid over 1% after Chinese-language 21st Century Business Herald reportedly said the company might not get the necessary approval to launch its new iPhone 6 models throughout China until next year after failing to come to an agreement with a regulator in the nation. Shares of China Mobile (CHL), which is buy far the largest phone carrier in China, slipped 2% after the report... Glimcher Realty Trust (GRT) surged 29% after it agreed to sell itself to fellow REIT Washington Prime Group (WPG) for $14.20 per share. Washington has agreed to buy Glimcher for about $4.3B in a cash and stock deal. Glimcher shareholders will receive $10.40 in cash and 0.1989 of a share of Washington stock upon the closing of the transaction, the companies stated. As part of the deal, Simon Property Group (SPG), which completed its separation of Washington Prime Group this May, agreed to buy two shopping malls owned by Glimcher for $1.09B in cash. Shares of fellow mall owning REITs CBL & Associates (CBL), Rouse Properties (RSE) and Pennsylvania REIT (PEI) rose following the deal announcement. MAJOR MOVERS: Among the notable gainers was Bill Barrett (BBG), which rose 12% after selling natural gas, oil and natural gas liquids assets in the Piceance Basin in Colorado for $525M to Vanguard Natural (VNR). Vanguard Natural also gained 1% following the deal announcement. Among the noteworthy losers was VirnetX (VHC), which plunged nearly 50% after an appeals court vacated a jury’s damages award in its patent case with Apple. Also lower were shares of Atlantic Power (AT), which dropped 32% after announcing that it concluded a sale or merger of the company is not in the best interests of the company or its stakeholders and the company cut its annual dividend. INDEXES: Near midday, the Dow was up 88.18, or 0.52%, to 17,119.32, the Nasdaq was up 16.11, or 0.36%, to 4,535.01, and the S&P 500 was up 11.94, or 0.6%, to 1,996.07.
10:33 EDTATHigh option volume stocks
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09:59 EDTSTZOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ACI Worldwide (ACIW) initiated with a Neutral at Sterne Agee... ADP (ADP) initiated with a Market Perform at Bernstein... ANSYS (ANSS) initiated with a Sector Perform at RBC Capital... Accenture (ACN) initiated with a Market Perform at Bernstein... Blackhawk (HAWK) initiated with a Neutral at Sterne Agee... Coca-Cola (KO) initiated with a Market Perform at Cowen... Cognizant (CTSH) initiated with an Outperform at Bernstein... Constellation Brands (STZ) initiated with a Market Perform at Cowen... Dr Pepper Snapple (DPS) initiated with a Market Perform at Cowen... GenCorp (GY) initiated with a Hold at KeyBanc... Global Payments (GPN) initiated with a Neutral at Piper Jaffray... GoPro (GPRO) initiated with a Buy at Cleveland Research... Green Dot (GDOT) initiated with a Neutral at Sterne Agee... Lionsgate (LGF) initiated with a Buy at ISI Group... MEDNAX (MD) initiated with a Neutral at SunTrust... MasterCard (MA) initiated with a Buy at Sterne Agee... Molson Coors (TAP) initiated with an Outperform at Cowen... Monster Beverage (MNST) initiated with a Market Perform at Cowen... NetSuite (N) initiated with an Outperform at RBC Capital... Oracle (ORCL) assumed with a Sector Perform at RBC Capital... PepsiCo (PEP) initiated with an Outperform at Cowen... SAP (SAP) initiated with a Sector Perform at RBC Capital... Teekay (TK) initiated with a Hold at Deutsche Bank... Tesla (TSLA) initiated with a Buy at ISI Group... Visa (V) initiated with a Buy at Sterne Agee... Western Union (WU) initiated with a Neutral at Sterne Agee... Workday (WDAY) initiated with an Outperform at RBC Capital... Yelp (YELP) initiated with a Neutral at RW Baird... Zillow (Z) initiated with an Overweight at Stephens... zulily (ZU) initiated with an Outperform at RW Baird.
07:50 EDTATAtlantic Power appoints Ken Hartwick as interim President and CEO
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07:49 EDTATAtlantic Power cuts annual dividend to C12c from C40c
As previously disclosed, the allocation of a significant portion of the company's available cash flow to mandatory debt amortization reduces the amount of cash flow available for other corporate purposes. As part of the strategic review process, the board, together with management, assessed the best uses of currently anticipated Free Cash Flow in order to meet the Company's objectives, including enhancing the value of existing assets, delevering its balance sheet to improve both its cost of capital and ability to compete for new investments, and providing a current return to its shareholders. After taking into consideration all of these objectives, theboard has determined to set a dividend level of C12c per share on an annual basis, equivalent to approximately $13M annually. Going forward, Atlantic Power intends to pay dividends on a quarterly basis. As previously announced, the monthly dividend of C33c declared August 15, 2014 will be paid September 30, 2014. The Company will then move to a quarterly dividend rate of C$3c, with the first quarterly dividend to be declared in November and paid at the end of December 2014.
07:47 EDTATAtlantic Power concludes sale or merger of the company is not in best interest
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07:41 EDTAGDenver Gold Group to hold a forum
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September 15, 2014
16:14 EDTSTZConstellation Brands initiated with a Market Perform at Cowen
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08:38 EDTKMTKennametal reports consolidated orders for 3 months end August up 16%
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07:49 EDTDBDOJ, FBI 'flip' bank informants as part of forex probe, WSJ says
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07:42 EDTADTMorgan Stanley to hold a conference
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September 12, 2014
14:24 EDTTIBXTibco Software September volatility elevated into Q3 and outlook
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09:14 EDTABTLOn The Fly: Pre-market Movers
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September 11, 2014
17:12 EDTABTLAutobytel sees Q3 adjusted EBITDA 22c-25c per share
Q3 EPS consensus 9c. Sees Q3 revenue growth of 25%-26% YoY, consensus $26.81M. "Based on solid July and August business trends, and a strong start to September, we believe revenue will grow at a slightly faster pace for the third quarter than originally anticipated," said Jeffrey H. Coats, President and CEO. "AutoUSA is performing as expected, and is providing us with a substantially larger retail footprint and a platform from which to accelerate revenue growth. Our expected third quarter results reflect a strong auto leads business and ongoing healthy automotive market. We remain optimistic about our business, our industry and our future opportunities, and are looking forward to continued success."
16:13 EDTHGRHanger reports Kiraly to join as CFO, succeed McHenry
Hanger announced that Thomas Kiraly, former EVP, CFO, and Treasurer of Sheridan Healthcare, will join Hanger as EVP on Oct. 1 and will become CFO during Q4. Kiraly will work closely with incumbent CFO George McHenry until Mr. Kiraly assumes the role of CFO later this year. As previously announced, McHenry will retire on Dec. 31.
September 10, 2014
14:35 EDTTIBXTibco Software September volatility elevated into Q3 and outlook
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10:36 EDTBSMXSantander Mexico announces the passing of Chairman Emilio Botin
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07:49 EDTKMTLongbow to hold a conference
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September 8, 2014
07:29 EDTDBNYSSA to hold a discussion
Russian and Central & Eastern European Capital Markets will be discussed at the NYSSA New York Conference Center on September 8 at 6 pm.
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