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Stock Market & Financial Investment News

News Breaks
March 20, 2014
10:00 EDTXEL, WR, ORCL, WMB, CPE, WPZ, SBNY, NIHD, EEP, BYI, UA, REN, MSM, EEQ, ARPI, SNCR, NEE, JBHT, EMCI, AEEOn The Fly: Analyst Downgrade Summary
Ameren (AEE) downgraded to Sell from Neutral at Goldman... American Residential (ARPI) downgraded to Underperform from Neutral at BofA/Merrill... Bally Technologies (BYI) downgraded to Sell from Neutral at Goldman... EMC Insurance (EMCI) downgraded to Market Perform from Outperform at Keefe Bruyette... Enbridge Energy Management (EEQ) downgraded to Neutral from Buy at Janney Capital... Enbridge Energy (EEP) downgraded to Neutral from Buy at Janney Capital... J.B. Hunt (JBHT) downgraded to Neutral from Buy at BofA/Merrill... MSC Industrial (MSM) downgraded to Neutral from Buy at UBS... NII Holdings (NIHD) downgraded to Market Perform from Outperform at Wells Fargo... NextEra Energy (NEE) downgraded to Buy from Conviction Buy at Goldman... Resolute Energy (REN) downgraded to Equal Weight from Overweight at Barclays... Signature Bank (SBNY) downgraded to Perform from Outperform at Oppenheimer... Synchronoss (SNCR) downgraded to Outperform from Strong Buy at Raymond James... Under Armour (UA) downgraded to Neutral from Buy at Sterne Agee... Westar Energy (WR) downgraded to Neutral from Buy at Goldman... Williams Partners (WPZ) downgraded to Hold from Buy at Jefferies... Williams (WMB) downgraded to Hold from Buy at Jefferies... Xcel Energy (XEL) downgraded to Sell from Neutral at Goldman... Callon Petroleum (CPE) downgraded to Hold from Buy at Noble Financial... Oracle (ORCL) downgraded to Hold from Buy at Argus.
News For AEE;ARPI;BYI;EMCI;EEQ;EEP;JBHT;MSM;NIHD;NEE;REN;SBNY;SNCR;UA;WR;WPZ;WMB;XEL;CPE;ORCL From The Last 14 Days
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February 3, 2016
11:02 EDTNEESabal Trail Transmission project receives FERC certificate
Sabal Trail Transmission, LLC, a joint venture of Spectra Energy Partners (SEP), NextEra Energy (NEE) and Duke Energy (DUK), received a certificate of public convenience and necessity from the Federal Energy Regulatory Commission to construct and operate the Sabal Trail interstate natural gas pipeline project. This approval authorizes Sabal Trail, subject to certain conditions, to proceed with final preparations to commence construction in the coming months to meet a May 1, 2017, in-service date. Once complete, the 516-mile pipeline would have the capacity to deliver approximately 1.1 billion cubic feet of natural gas per day to the Southeast U.S., including firm transportation services to Florida Power & Light Company and Duke Energy of Florida.
10:54 EDTUA, WMBOptions with decreasing implied volatility
Options with decreasing implied volatility: WMB INVN FTNT NOW SNDK HOG UA CTXS KORS AMZN
10:00 EDTXELOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded to Market Perform from Outperform at William Blair... Credit Acceptance (CACC) downgraded to Underperform at Raymond James... CIT Group (CIT) downgraded to Neutral from Buy at Citi... Cobalt (CIE) downgraded at Stifel... Cypress Energy (CELP) downgraded to Outperform from Strong Buy at Raymond James... Freeport McMoRan (FCX) downgraded on weak near-term outlook at Argus... Gastar Exploration (GST) downgraded to In-Line from Outperform at Imperial Capital... Intersil (ISIL) downgraded to Sell from Neutral at Citi... LyondellBasell (LYB) downgraded to Outperform from Top Pick at RBC Capital... Marriott (MAR) downgraded to Market Perform from Outperform at Wells Fargo... Microchip (MCHP) downgraded to Sell from Neutral at Goldman... Morgan Stanley (MS) downgraded to Underweight from Neutral at Atlantic Equities... Navios Maritime Partners (NMM) downgraded to Hold from Buy at Deutsche Bank... Peapack-Gladstone (PGC) downgraded to Hold from Buy at Sandler O'Neill... QIWI (QIWI) downgraded to Market Perform from Outperform at William Blair... STORE Capital (STOR) downgraded to Neutral from Buy at Ladenburg... Spark Energy (SPKE) downgraded to Neutral from Outperform at Baird... Stone Energy (SGY) downgraded to In-Line from Outperform at Imperial Capital... SunEdison Semiconductor (SEMI) downgraded to Sell from Neutral at Goldman... Teradyne (TER) downgraded to Neutral from Buy at Goldman... Texas Instruments (TXN) downgraded to Sell from Neutral at Goldman... UBS (UBS) downgraded to Sector Perform from Outperform at RBC Capital... Whiting Petroleum (WLL) downgraded on oil price outlook at Stifel... Xcel Energy (XEL) downgraded to Sell from Neutral at UBS... Xilinx (XLNX) downgraded to Buy from Conviction Buy at Goldman... Yahoo (YHOO) downgraded to Hold from Buy at Axiom.
08:54 EDTSNCRSynchronoss sees FY16 EPS $2.22-$2.45, consensus $2.51
Sees FY16 non-GAAP revenue $655M-$680M, consensus $679.31M. Sees FY16 Cloud Services revenue $378M-$391M. Sees FY16 Enterprise Business producing revenues in the single-digit range. Sees FY16 Activation Services revenue $277M-$289M.
08:54 EDTSNCRSynchronoss sees Q1 EPS 44c-50c, consensus 55c
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08:42 EDTSNCRSynchronoss says recently entered into JV with Verizon
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08:03 EDTSNCRSynchronoss reports Q4 adjusted EPS 61c, consensus 57c
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05:54 EDTXELXcel Energy downgraded to Sell from Neutral at UBS
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05:12 EDTUAStocks with implied volatility below IV index mean; UA FB
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February 2, 2016
10:12 EDTUAOptions with decreasing implied volatility
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07:29 EDTWMBHouse Energy & Commerce Committee to hold a hearing
The Energy & Power Subcommittee holds a hearing entitled, "A Legislative Hearing on Eight Energy Infrastructure Bills" with Director Miles of FERC and Timothy Powell of the Williams Company on February 2 at 10 am. Webcast Link
05:41 EDTORCLStocks with implied volatility movement; ORCL COP
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05:09 EDTUAStocks with implied volatility below IV index mean; UA FB
Stocks with implied volatility below IV index mean; Under Armour (UA) 35, Facebook (FB) 31 according to iVolatility.
February 1, 2016
13:26 EDTXELJP Morgan reports 5.1% passive stake in Xcel Energy
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10:25 EDTWMBWilliaOptions with increasing implied volatility: WMB ENDP RAD
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07:38 EDTCPECallon Petroleum sees FY16 net daily production 11,500-12,000 BOE/d
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07:36 EDTCPECallon Petroleum sees Q4 net daily production 10,500-10,700 BOE/d
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07:34 EDTEMCIEMC Insurance sees FY15 operating EPS $2.21-$2.26, consensus $2.11
EMC Insurance Group announced that it expects to report operating income1 in the range of $2.21 to $2.26 per share for the year ended December 31, 2015, and that the GAAP combined ratio for the year will be approximately 96.3 percent. These results are significantly better than the Company's most recent guidance, which anticipated operating income in the range of $1.80 to $2.00 per share and a GAAP combined ratio of 97.6 percent. "Improved premium rate adequacy and below average catastrophe and storm losses produced an excellent combined ratio--our lowest since 2006," stated President and CEO Bruce G. Kelley. "Operating income per share should exceed the high end of our previous guidance range by more than ten percent." The increase in guidance is primarily attributed to the reinsurance segment, which is expected to report a 71.0 percent fourth quarter GAAP combined ratio that is much lower than previously anticipated. This better than expected result is primarily driven by an increase in the amount of favorable development experienced on prior accident year reserves and a low level of large losses. The property and casualty insurance segment is expected to report a GAAP combined ratio of 99.6 percent for the fourth quarter.
05:10 EDTUAStocks with implied volatility below IV index mean; UA FB
Stocks with implied volatility below IV index mean; Under Armour (UA) 36, Facebook (FB) 30 according to iVolatility.
January 31, 2016
11:39 EDTUAS&P falls 5% in January despite second straight winning week to close month
Stocks finished the month of January with two straight winning weeks, but investors are still glad to see the calendar flip as those winners only cut the S&P's loss to 5% for the month. With growth worries abounding amid troubling signs from China and as oil languishes below $35 per barrel, the manufacturing readings from China, Europe, and the U.S. due out on Monday will be essential to whether the new month continues the uptrend of the end of January or the dour tone that dominated the early half of the month. MACRO NEWS: The Federal Reserve kept interest rates unchanged following its policy meeting this week, as almost universally expected. In its accompanying statement, the central bank said its committee members expect that economic conditions will "evolve in a manner that will warrant only gradual increases in the federal funds rate." The group added that inflation is expected to "remain low in the near term, in part because of the further declines in energy prices, but to rise to 2% over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further"... In other domestic economic news, the Commerce Department's first read on fourth quarter gross domestic product came in at 0.7% annualized growth, below the already anemic 0.8% growth forecast. The S&P/Case-Shiller 20-city home price index rose 5.8% from the prior year in November, topping expectations for a 5.7% year-over-year increase. The separate FHFA house price index showed a monthly gain of 0.5% in November, matching the consensus forecast. Markit's services PMI for January came in at 53.7, missing the 54.0 forecast. The preliminary reading of the Conference Board's consumer confidence index for January came in at 98.1, topping the 96.5 reading that was expected. New home sales surged 10.8% to a 544,000 annualized pace in December, topping expectations and hitting their highest level in 10 months. Initial jobless claims fell to 278,000 last week, versus the expected 281,000 first-time claims. Durable goods orders dropped 5.1% in December, versus expectations for a decrease of 0.7%. The core reading, which removes transportation items, was down 1.2%, versus expectations for a decline of 0.1%. The University of Michigan consumer sentiment index slipped to 92.0 in the final January print, missing the 93.0 reading that was forecast... In a surprising move in Asia, the Bank of Japan introduced a rate of minus 0.1% on certain excess holdings of cash while maintaining the pace of its asset purchases. Japan also reported data pointing to a softening economy, as total CPI grew 0.2% year-over-year in December, core CPI rose at only a 0.1% pace and industrial production fell a preliminary 1.4% month-over-month in December. COMPANY NEWS: McDonald's (MCD) advanced Monday after the fast food giant reported better than expected earnings and comparable sales growth for the fourth quarter, powered by the launch of All Day Breakfast in the U.S.... Earnings season accelerated Tuesday as four members of the bluechip Dow Jones Industrial Average posted results before the opening bell. 3M (MMM) was the top advanced on the index with a gain of over 5%, while Johnson & Johnson (JNJ), Procter & Gamble (PG) and DuPont (DD) all notched gains that day following their reports as well... Apple (AAPL) declined more than 6.5% on Wednesday after the tech giant reported first quarter earnings that topped consensus estimates, but also issued revenue guidance for the new quarter that missed expectations. The company was noted by several analysts as taking a particularly downbeat tone in its earnings conference call, invoking the difficult macroeconomic environment and weakness it has recently seen in China. Apple was not the worst performer in the Dow that day, as Boeing (BA) shares plummeted nearly 9% after its profit outlook for the new fiscal year fell far short of the Street's consensus forecast... Facebook (FB) surged 15.5% on Thursday after the social media giant's fourth quarter earnings and revenue beat expectations. A number of Wall Street analysts increased their price targets for the stock following the report, including Piper Jaffray's Gene Munster, who hiked his target to a "Street-high" $170 per share. The same day, Caterpillar (CAT) reported better than expected quarterly earnings, excluding certain items, but its revenue came in below the consensus forecast and the heavy equipment maker warned that it does not anticipate an improvement in the world economy or commodity prices in 2016. The stock, which had declined almost 20% in the last three months prior to this morning's report, rebounded almost 5% after the company jumped over the lowered bar that had been set by bearish analysts... On Friday, shares of Amazon (AMZN) declined more than 7.5% after the company's fourth quarter results came in below expectations. Meanwhile, Microsoft (MSFT), which reported better than expected earnings, gained almost 6%. Chevron (CVX) reported a quarterly loss due to taking impairments and other charges of $1.1B. The company, which also reported that its average sales price per barrel of crude oil and natural gas liquids in the U.S. was $35 in fourth quarter, down from $66 a year ago, edged up 0.7% to $86.44... Among the many others reporting earnings this week, Visa (V), Mastercard (MA), Under Armour (UA), Sprint (S) and Biogen (BIIB) gained immediately following their reports, while Qualcomm (QCOM), eBay (EBAY), U.S. Steel (X), VMware (VMW) and Anthem (ANTM) all slid following their own... Xerox (XRX) announced plans to separate into two independent publicly-traded companies: one focused on Document Technology and another Business Process Outsourcing company. Xerox also announced an agreement related to the governance of the Business Process Outsourcing company under which six directors of the new company will be selected by Xerox and three will be selected by current Xerox shareholder Carl Icahn... Terex (TEX) surged more than 36% higher on Tuesday after receiving a $30 per share acquisition offer from China's Zoomlion. Terex peers Manitowoc (MTW), Joy Global (JOY) and Oshkosh (OSK) also gained after the offer was disclosed... Weight Watchers (WTW) shares soared nearly 20% Tuesday after noted shareholder and partner Oprah Winfrey tweeted a video detailing her progress using the company's program, indicating that she'd already lost 26 pounds thanks to its plan... AIG (AIG) provided its much-anticipated strategy update, committing to return at least $25B to shareholders over the next two years and announcing the sale of AIG Advisor Group to Lightyear Capital and PSP Investments. The company, under ongoing pressure from activist investors including Carl Icahn, also said it will publicly offer a portion of its United Guaranty unit, though it expressly rejected a full company breakup... SunEdison (SUNE) gained 18% during the week after agreeing to new corporate governance initiatives with David Einhorn's Greenlight Capital, including amending its bylaws to restrict equity issuances for two years without a supermajority board vote... Twitter (TWTR) slumped nearly 6% this week after CEO Jack Dorsey confirmed the departure of four company executives, leading research firm Stifel to downgrade the shares. INDEXES: The Dow gained about 2.2% to close at 16,466.30; the S&P 500 rose about 1.6% to close at 1,940.24; the Nasdaq advanced about 0.4% to close at 4,613.95.
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