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Stock Market & Financial Investment News

News Breaks
January 31, 2014
10:01 EDTADT, ACCL, STZ, HGR, SIMG, CHEF, AKZOY, AT, AG, BSMX, KMT, CMO, ADTN, ABTL, SVLC, TIBX, DB, CRROn 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
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February 3, 2016
05:49 EDTADTADT Corp. upgraded to Equal Weight from Underweight at Morgan Stanley
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05:10 EDTDBEmpresas ICA confirms sale of OMA shares pledged as collateral
Empresas ICA (ICA) confirmed that Deutsche Securities, S.A. de C.V., Casa de Bolsa foreclosed on collateral in the form of OMA Series B shares pledged to secure a loan to ICA's wholly-owned subsidiary, Aeroinvest, after a Mexican federal judge granted Deutsche Bank (DB) a suspension of the injunctions sought by ICA related to the pledged shares. In connection with the foreclosure on the pledged shares, Deutsche Bank sold a total of 33,162,600 OMA Series B shares, representing 8.29 % of OMA's equity capital in the form of Series B and Series BB shares. Excluding the shares referenced above, ICA holds a 17.23 % ownership interest in OMA in the form of Series B and Series BB shares, directly and indirectly, through Aeroinvest and SETA. ICA is not in default under any other loan agreement subject to a pledge of OMA shares.
February 2, 2016
16:23 EDTADTOn The Fly: Top stock stories for Tuesday
Stocks began the session in negative territory and remained there throughout the entire session. The early weakness was attributed to oil prices, which were down early and never recovered during the day. The losses of more than 5% brings the loss over the past two days to more than 10%, pushing WTI crude back below $30 a barrel and squashing equities in the process. Any hope that oil prices would de-couple from stock prices will have to wait another day as the two continue to move in lockstep with each other. Even a solid earnings report from tech bellwether Alphabet (GOOG) could not help the market. ECONOMIC EVENTS: In the U.S., the economic calendar was quiet. In Europe, statistics agency Eurostat reported that unemployment across the eurozone decreased by 49,000 to a total of 16.75M in December dropping the unemployment rate to its lowest since September 2011 at 10.4%. In central bank news, the Reserve Bank of Australia and Reserve Bank of India both held their benchmark interest rates steady, as expected. COMPANY NEWS: Class A shares of Alphabet (GOOGL) advanced 1.3% to $780.91 after its better than expected quarterly results were followed by analysts around Wall Street hiking their price targets for shares, including Deutsche Bank analyst Ross Sandler, who raised his target on the parent of Google to $1,080 from $900... Exxon Mobil (XOM) reported better than expected revenue and profits in the fourth quarter, but its shares slid 2.2% to $74.61 amid the renewed weakness in oil prices. Shares of fellow oil major BP (BP) plunged 8.5% to $29.02 in New York trading after reporting a steep quarterly loss, largely due to $2.6B in charges related to impairments of Upstream assets as well as restructuring... Ford (F) shares fell 4.6% after the company reporting that its U.S. sales declined 3% last month versus a year ago. Peer General Motors (GM) slid 1.5% after reporting that its U.S. sales grew 0.5% in January... Dow Chemical (DOW) jumped 5.75% to $45.03 after posting better than expected earnings and revenue. Of note, Dow CEO Andrew Liveris said he plans to transition out of the company when it completes its planned merger with DuPont (DD). MAJOR MOVERS: Among the notable gainers were Michael Kors (KORS) and Mattel (MAT), which rose nearly 24% and almost 14%, respectively, following their earnings reports. Also higher was Pacific Biosciences (PACB), which jumped 24% to $12.67 after Reuters said Roche (RHHBY) has recently approached the company to discuss a potential acquisition. Among the noteworthy losers following earnings were Integrated Device (IDTI), which fell 26.8%, ADT (ADT), which dropped 15.7%, and Royal Caribbean (RCL), which declined 15.2%. INDEXES: The Dow fell 295.64, or 1.8%, to 16,153.54, the Nasdaq lost 103.42, or 2.24%, to 4,516.95, and the S&P 500 declined 36.35, or 1.87%, to 1,903.03.
07:10 EDTADTADT Corp. reports Q1 gross additions flat at 259K
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07:08 EDTADTADT Corp. reports Q1 ex-items EPS 49c, consensus 46c
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February 1, 2016
17:43 EDTATMangrove Partners reports 6.7% stake in Atlantic Power
Mangrove Partners has engaged in and intends to continue to have discussions with the company regarding matters related to the Settlement Agreement announced on May 21, 2015.
14:32 EDTADTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Exxon Mobil (XOM), consensus 64c... Pfizer (PFE), consensus 52c... United Parcel Service (UPS), consensus $1.42... Dow Chemical (DOW), consensus 70c... Emerson Electric (EMR), consensus 51c... Archer-Daniels-Midland (ADM), consensus 66c... Baxter (BAX), consensus 32c... Sirius XM (SIRI), consensus 3c... Royal Caribbean Cruises (RCL), consensus 92c... Ally Financial (ALLY), consensus 51c... Michael Kors (KORS), consensus $1.46... ADT Corp. (ADT), consensus 46c.
10:00 EDTKMTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Air Products (APD) upgraded to Buy from Neutral at UBS... American Airlines (AAL) upgraded to Outperform from Market Perform at Cowen... Axiall (AXLL) upgraded to Overweight from Neutral at JPMorgan... BASF (BASFY) upgraded to Buy from Hold at Societe Generale... CNH Industrial (CNHI) upgraded to Neutral from Underperform at BofA/Merrill... CU Bancorp (CUNB) upgraded to Outperform from Market Perform at Fig Partners... CaixaBank (CAIXY) upgraded to Hold from Sell at Societe Generale... Chipotle (CMG) upgraded to Neutral from Underperform at BofA/Merrill... Concho Resources (CXO) upgraded to Buy from Neutral at SunTrust... Continental Building (CBPX) upgraded to Buy from Hold at BB&T... Eastman Chemical (EMN) upgraded to Buy from Outperform at CLSA... Extreme Networks (EXTR) upgraded to Buy from Hold at Needham... Glacier Bancorp (GBCI) upgraded to Outperform from Market Perform at Fig Partners... IBERIABANK (IBKC) upgraded to Strong Buy from Outperform at Raymond James... Infineon (IFNNY) upgraded to Buy from Neutral at UBS... Jarden (JAH) upgraded to Outperform from Market Perform at Raymond James... Joy Global (JOY) upgraded to Overweight from Equal Weight at Barclays... KT Corporation (KT) upgraded to Overweight from Neutral at JPMorgan... Kennametal (KMT) upgraded to Neutral from Underperform at BofA/Merrill... L-3 Communications (LLL) upgraded to Buy on valuation at BofA/Merrill... Maximus (MMS) upgraded to Outperform from Market Perform at Raymond James... Micron (MU) upgraded to Neutral from Sell at Goldman... Monster Beverage (MNST) upgraded to Outperform from Market Perform at Wells Fargo... Newell Rubbermaid (NWL) upgraded to Outperform from Market Perform at Raymond James... Northrop Grumman (NOC) upgraded to Buy from Neutral at BofA/Merrill... PTC (PTC) upgraded to Buy from Neutral at Sterne Agee CRT... Peoples Bancorp (PEBO) upgraded to Outperform from Neutral at Boenning & Scattergood... Praxair (PX) upgraded to Buy from Neutral at UBS... Proofpoint (PFPT) upgraded to Outperform from In-Line at Imperial Capital... Seagate (STX) upgraded to Hold from Sell at Benchmark... Siemens (SIEGY) upgraded to Buy from Neutral at Nomura... Superior Drilling (SDPI) upgraded to Buy from Hold at Wunderlich... Vertex (VRTX) upgraded to Buy from Hold at Jefferies... Werner (WERN) upgraded to Strong Buy from Outperform at Raymond James... ZAIS Financial (ZFC) upgraded to Overweight from Equal Weight at Barclays.
08:55 EDTBSMXSantander Mexico management to meet with JPMorgan
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08:19 EDTKMTKennametal upgraded to Neutral on valuation at BofA/Merrill
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07:53 EDTABTLAutobytel management to meet with B. Riley
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06:28 EDTKMTKennametal upgraded to Neutral from Underperform at BofA/Merrill
January 28, 2016
08:56 EDTDBDeutsche Bank plans will barely meet 2019 capital requirements, WSJ says
Deutsche Bank CEO John Cryan said the bank does not need fresh capital, but the bank's plans will leave it with a capital ratio that "only just squeaks over the hurdle it must clear" in 2019, according to The Wall Street Journal's Paul Davies, who contends that "Deutsche may still need another equity injection to make it through" despite the CEO's promise. Reference Link
05:55 EDTDBDeutsche Bank reports Q4 net income (EUR 2.13B) vs. EUR 441M last year
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05:39 EDTCRRCARBO Ceramics expects initial results from Kryptosphere well in near future
The company commented, "In today's lower commodity price environment, it's vital that E&P operators reduce their cost to produce oil and gas. We remain excited about CARBO's technology platforms and our ability to deliver solutions that lower E&P operators' total finding and development costs while maximizing production. Kryptosphere continues to be adopted in the industry, with the first Kryptosphere LD well pumped in the fourth quarter of 2015. Initial results from the completion of this high profile well are expected in the near future. In addition to engineering a superior proppant in Kryptosphere, we continue to differentiate CARBO via our proppant-delivered production enhancement technologies. SCALEGUARD, a cost-effective scale-inhibitor solution, continues to see client gains. Field trials for other Guard products, such as SALTGUARD, are ongoing, and we expect additional field trials of our other technologies in 2016. Advancing our industry-leading technologies should provide a solid foundation and source of differentiation once we emerge from this downturn."
05:38 EDTCRRCARBO Ceramics expected to spend less than $10M in CapEx in 2016
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05:37 EDTCRRCARBO Ceramics expects Q1 North American rig count to decline in double digits
The company commented, "The continued decline in commodity prices creates an increasingly challenging operating environment as completion activity by E&P operators remains very depressed. Various industry sources have estimated that the North American rig count will likely decline by double digits in the first quarter of 2016 compared to the fourth quarter of 2015. With a lower rig count, we expect continued pressure on our proppant sales in the first half of 2016."
05:36 EDTCRRCARBO Ceramics reports Q4 GAAP EPS ($2.17), consensus (83c)
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January 27, 2016
16:37 EDTCMOCapstead Mortgage announces $100M stock repurchase program
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16:36 EDTCMOCapstead Mortgage reports Q4 EPS 26c, consensus 24c
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