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Stock Market & Financial Investment News

News Breaks
January 17, 2013
10:02 EDTGS, EQT, QLIK, NEE, AFL, YUM, WAT, LEAP, CSCO, A, INFA, VVUS, CREE, BA, ADTN, WSM, SAP, GLW, BK, XELOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Adtran (ADTN) downgraded to Sell from Neutral at UBS... Agilent (A) downgraded to Outperform from Buy at CLSA... BNY Mellon (BK) downgraded to Sector Perform from Outperform at RBC Capital... Boeing (BA) downgraded to Underweight from Hold at BB&T... Cisco (CSCO) downgraded to Underweight from Neutral at JPMorgan... Corning (GLW) downgraded to Sector Perform from Outperform at RBC Capital... Cree (CREE) downgraded to Underperform from Buy at Jefferies... Leap Wireless (LEAP) downgraded to Underperform from Hold at Jefferies... SAP (SAP) downgraded to Neutral from Buy at Citigroup... VIVUS (VVUS) downgraded to Sell from Hold at Brean Capital... Waters (WAT) downgraded to Market Perform from Outperform at Wells Fargo... Williams-Sonoma (WSM) downgraded to Market Perform from Strong Buy at Raymond James... Informatica (INFA) downgraded to Neutral from Outperform at Wedbush... Xcel Energy (XEL)downgraded to Equal Weight from Overweight at Morgan Stanley... NextEra Energy (NEE) downgraded to Equal Weight from Overweight at Morgan Stanley... EQT Corporation (EQT) downgraded to Hold from Buy at Stifel Nicolaus... Yum! Brands (YUM) downgraded to Hold from Buy at Argus... Qlik Technologies (QLIK) downgraded to Hold from Buy at Stifel Nicolaus... Goldman Sachs (GS) downgraded to Hold from Buy at Sandler O'Neill... Aflac (AFL) downgraded to Market Perform from Outperform at Raymond James.
News For ADTN;A;BK;BA;CSCO;GLW;CREE;LEAP;SAP;VVUS;WAT;WSM;INFA;XEL;NEE;EQT;YUM;QLIK;GS;AFL From The Last 14 Days
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December 8, 2014
07:32 EDTCSCO, INFARaymond James to hold a conference
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07:31 EDTEQTEQT Corporation plans registration statement for EQT Midstream Partners
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07:30 EDTSAPSAP CEO sees company remaining independent for long-term, Reuters reports
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07:08 EDTEQTEQT Midstream Partners sees 2015 adjusted EBITDA $330M-$345M
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07:06 EDTEQTEQT Corporation sees 2015 sales volume 575 – 600 Bcfe
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07:04 EDTEQTEQT Corporation sees 2015 capital expenditures $2.5B
EQT Corporation (EQT) announced the company’s 2015 capital expenditure forecast of $2.5B, excluding business development and land acquisitions. The CAPEX forecast includes $2.3B for EQT Production and $225M-$250M for EQT Midstream depending on the timing of an expected drop-down. Funding will be provided by cash generated from operations, cash-on-hand, and proceeds from midstream asset sales to EQT Midstream Partners, LP (EQM). EQT’s 2015 CAPEX forecast excludes CAPEX for EQT Midstream Partners, LP, a master limited partnership controlled by EQT Corporation and consolidated in EQT’s financial statements.
07:03 EDTCSCOArista Networks patent resolution likely 2-3 years away, says Citigroup
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06:46 EDTYUMYum! Brands coverage resumed with a Sell at Goldman
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06:35 EDTGSValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
05:43 EDTBABoeing Business Jets, Comlux announces order for two BBJ MAX 8s
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December 5, 2014
10:49 EDTCSCOCisco confirms two patent suits filed against Arista Networks
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10:45 EDTCSCOCisco files patent infringement complaints against Arista Networks
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10:44 EDTAOptions with increasing implied volatility
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08:00 EDTGSInternational Monetary Fund to hold a conference
Challenges for Securing Growth & Shared Prosperity in Latin America is being held in Lima, Peru on December 5-6 with webcasted presentations to begin at 8 am. Webcast Link
07:34 EDTNEENextEra Energy acquisition likely mildly dilutive, says RBC Capital
After NextEra (NEE) agreed to buy Hawaiian Electric (HE), RBC Capital thinks the acquisition will be mildly dilutive. In order to justify the deal. NextEra would have to reduce operating and fuel costs while increasing the rate base, RBC believes. The firm thinks there is a possibility that regulators could push for concessions from NextEra which would cause it to walk away form the deal. The firm keeps a $112 price target and Outperform rating on NextEra.
December 4, 2014
16:27 EDTNEEOn The Fly: Closing Wrap
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12:22 EDTNEEOn The Fly: Midday Wrap
Stocks on Wall Street began the session slightly lower despite relatively in-line jobless claims data, as European markets moved down following a rate decision and accompanying commentary from ECB President Mario Draghi. Adding to the modest pressure seen in morning trading may be the fact that oil prices continue to move lower. ECONOMIC EVENTS: In the U.S., initial jobless claims fell 17K to 297K in the week ended November 29, which was nearly in-line with the expectation for 295K first-time claims. Challenger reported announced layoffs fell 15.2K in November to 35.9K. In Europe, the European Central Bank kept its key rates unchanged, as expected. ECB President Mario Draghi said in his accompanying press conference that the latest euro area macroeconomic projections indicate lower inflation, accompanied by weaker real GDP growth and subdued monetary dynamics. Additionally, he stated that early next year the Governing Council will reassess the monetary stimulus achieved, the expansion of the balance sheet and the outlook for price developments. "Should it become necessary to further address risks of too prolonged a period of low inflation, the Governing Council remains unanimous in its commitment to using additional unconventional instruments within its mandate. This would imply altering early next year the size, pace and composition of our measures," Draghi said. COMPANY NEWS: Shares of Barnes and Noble (BKS) slid about 10% after the company reported lower than expected second quarter earnings and said it continues to expect both Retail comparable bookstore sales and Retail Core comparable bookstore sales to decline in the low-single digits this fiscal year. Additionally, Barnes & Noble and Microsoft (MSFT) agreed to terminate their commercial agreement and B&N agreed to acquire Microsoft's entire preferred interest in NOOK Media in exchange for $62.4M cash and 2.74M shares of its stock. MAJOR MOVERS: Among the notable gainers was Hawaiian Electric (HE), which jumped 16% after its board approved a plan to spin off ASB Hawaii, the parent company for American Savings Bank, and establish it as an independent publicly traded company and NextEra Energy (NEE) agreed to acquire the company, excluding the banking subsidiary. Array BioPharma (ARRY) rose 15% after announcing it has reached a definitive agreement with Novartis (NVS) to regain full worldwide rights to binimetinib, a MEK inhibitor in three Phase 3 trials, which Piper Jaffray called a "big win" for the company. Among the noteworthy losers was UTi Worldwide (UTIW), which fell 11.5% after confirming that exploratory conversations have taken place with DSV, but adding those discussions never progressed beyond a preliminary stage and that no talks are currently taking place. Also lower were shares of Express (EXPR), which declined over 9% after the apparel retailer reported lower than expected Q3 revenue and gave EPS guidance that fell short of estimates. INDEXES: Near midday, the Dow was down 53.56, or 0.3%, to 17,859.06, the Nasdaq was down 2.80, or 0.06%, to 4,771.67, and the S&P 500 was down 5.49, or 0.26%, to 2,068.84.
08:03 EDTCSCOCisco and IBM announce availability of integrated solution
Cisco (CSCO) and IBM (IBM) announced the availability of an integrated solution that combines the innovation of Cisco UCS Integrated Infrastructure with the efficiency of the IBM Storwize storage system. The VersaStack solution is designed to deliver high levels of ease, efficiency and versatility for cloud, big data and analytics, and mobility deployments. Over time, the platform will be optimized for IBM business applications, while integrating Cisco innovations such as Cisco® Application Centric Infrastructure and Cisco Intercloud Fabric. According to IDC1, total worldwide spending on integrated systems is growing at 32.8% annually and will reach approximately $14.37B in 2017.
07:54 EDTNEENextEra Energy and Hawaiian Electric to host conference call
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07:17 EDTINFA, CSCOFBR Capital to hold a bus tour
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