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Stock Market & Financial Investment News

News Breaks
January 17, 2013
10:02 EDTAIZ, TAL, PKI, MDT, GTAT, EXC, ALDW, MHK, JNPR, BIO, CBS, RIO, MCY, INFN, ADTNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Adtran (ADTN) upgraded to Neutral from Sell at Citigroup... Bio-Rad (BIO) upgraded to Outperform from Underperform at CLSA... GT Advanced (GTAT) upgraded to Hold from Underperform at Jefferies... Infinera (INFN) upgraded to Overweight from Neutral at JPMorgan... Juniper (JNPR) upgraded to Overweight from Neutral at JPMorgan... Medtronic (MDT) upgraded to Outperform from Neutral at Credit Suisse... Mercury General (MCY) upgraded to Outperform from Neutral at Macquarie... Mohawk (MHK) upgraded to Outperform from Underperform at Macquarie... PerkinElmer (PKI) upgraded to Buy from Outperform at CLSA... Rio Tinto (RIO) upgraded to Buy from Neutral at Citigroup... Alon USA Partners (ALDW) upgraded to Outperform from Neutral at Credit Suisse... TAL International (TAL) upgraded to Buy from Neutral at BofA/Merrill... CBS (CBS) upgraded to Outperform from Neutral at Wedbush... Exelon (EXC) upgraded to Overweight from Equal Weight at Morgan Stanley... Assurant (AIZ) upgraded to Market Perform from Underperform at Raymond James.
News For ADTN;BIO;GTAT;INFN;JNPR;MDT;MCY;MHK;PKI;RIO;ALDW;TAL;CBS;EXC;AIZ From The Last 14 Days
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November 14, 2014
11:50 EDTMDTMedtronic readying $10B bond sale for Covidien deal, Dow reports
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09:38 EDTCBSJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
November 13, 2014
16:35 EDTMDTMedtronic study reveals heart rhythm disorders in patients with ESRD
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14:50 EDTMDTLonestar Capital to shut down by mid-2015, WSJ reports
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14:45 EDTMDTLonestar capital to shut down, DJ reports
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13:27 EDTMDTMedtronic likely to continue to make new highs, Barron's says
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13:12 EDTCBSGruss Capital reports 5.02% passive stake in CBS
11:37 EDTJNPRJuniper says 'customer' noted in CEO change in good standing
On November 10, the company announced that Rami Rahim had been named CEO after Shaygan Kheradpir resigned as CEO and director of the company. The company said his resignation followed a review by the board of his leadership and his conduct in connection with a particular negotiation with a customer.
11:27 EDTJNPRJuniper cites significant share count reduction
11:23 EDTJNPRJuniper sees Q4 tracking in line with previous expectations
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10:47 EDTCBSLionsgate and CBS Films announce multi-year film distribution partnership
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06:17 EDTCBSSony unveils PlayStation Vue, a cloud-based TV service
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05:54 EDTEXCStocks with implied volatility movement; EXC BTU
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November 12, 2014
14:32 EDTADTNADTRAN January puts active
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11:32 EDTJNPREZchip believes growth from ZTE will resume in the coming quarters
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10:43 EDTCBSBernstein downgrades Discovery, Viacom, citing 'structural decline' in TV
Research firm Bernstein sees strong evidence that audiences of ad-supported TV have entered a period of "structural decline." The firm cut its rating on Discovery (DISCA), the owner of the Discovery Channel and Animal Planet cable stations, and Viacom (VIA,VIAB), which owns MTV and and Nickelodeon. The firm also cut its price target on CBS (CBS). WHAT'S NEW: Noting that audiences for ad-supported TV have fallen by unprecedented amounts for four months, Bernstein analyst Todd Juenger added that consumption of subscription video on demand, or SVOD, services continue to grow. Meanwhile, TV networks are seeing increased competition from Internet websites for ad dollars, limiting the ability of the networks to raise ad prices, Juenger stated. The profit margins and return on investment of content owners are likely to decline over time, the analyst believes. He downgraded Discovery to Market Perform from Outperform and set a $37 price target on the stock, and cut Viacom to Underperform from Market Perform, placing a $71 price target on that stock. Juenger reduced his price target on CBS to $55 from $60 and kept a Market Perform rating on the shares. He kept Outperform ratings on 21st Century Fox (FOXA), Disney (DIS), and Time Warner (TWX), saying that those are least affected by the trend, as they are less dependent than their peers on the American TV ad market and have a large amount of sports programming. PRICE ACTION: In mid-morning trading, Discovery lost 0.6% to $31.81, Viacom class A shares gained 0.6% to $70.09, CBS fell 0.7% to $51.48, Twenty-First Century Fox class A shares lost 0.5% to $34.75, Time Warner fell 0.5% to $77.69 and Disney was flat near $90 per share.
07:48 EDTCBSWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
07:23 EDTMDTMedtronic volatility elevated into Q2 and outlook
Medtronic November call option implied volatility is at 23, December is at 20, January is at 19, February is at 18; compared to its 26-week average of 19 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on November 18.
07:22 EDTBIOAssociation of Molecular Pathology is holding annual meeting
2014 Annual Meeting of AMP is being held in National Harbor, Maryland on November 12-15.
07:11 EDTALDWAlon USA Partners to offer $450M of senior notes due 2022
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