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Stock Market & Financial Investment News

News Breaks
March 20, 2014
10:00 EDTORCL, WR, WPZ, WMB, XEL, CPE, UA, SNCR, SBNY, REN, NEE, ARPI, BYI, EMCI, EEQ, EEP, JBHT, MSM, NIHD, 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
Check below for free stories on AEE;ARPI;BYI;EMCI;EEQ;EEP;JBHT;MSM;NIHD;NEE;REN;SBNY;SNCR;UA;WR;WPZ;WMB;XEL;CPE;ORCL the last two weeks.
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September 11, 2014
11:17 EDTORCLEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
10:30 EDTORCLUBS sees increasing likelihood of change at EMC
UBS calls the New York Post "surprisingly accurate on M&A" after the paper reported that EMC (EMC) is considering the sale of its stake in VMware (VMW). The firm believes the likelihood for change at the company is rising. In addition, UBS says the industry should consolidate, and it views EMC as a potential target. UBS thinks Cisco (CSCO), Oracle (ORCL) and HP (HPQ) might be interested parties in owning part or all of EMC. The firm believes an HP, EMC merger would make sense. UBS has a Buy rating on EMC with a $33 price target.
September 10, 2014
16:37 EDTARPIAmerican Residential Properties files $1B mixed securities shelf
16:19 EDTCPECallon Petroleum initiated with an Outperform at Cowen
Target $14.
10:51 EDTORCLOracle September volatility elevated into Q1 and outlook
Oracle September call option implied volatility is at 28, October is at 18, December is at 19; compared to its 26-week average of 23 according to Track Data suggesting large near term price movement into the expected release of Q1 results after the close on September 18.
10:00 EDTARPIOn The Fly: Analyst Initiation Summary
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10:00 EDTCPEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: African Barrick Gold (ABGLY) upgraded to Neutral from Sell at Goldman... ArcelorMittal (MT) upgraded to Overweight from Underweight at Barclays... CRH Plc. (CRH) upgraded to Outperform from Underperform at Raymond James... Callon Petroleum (CPE) upgraded to Buy from Neutral at SunTrust... Coach (COH) upgraded to Overweight from Neutral at Atlantic Equities... Hartford Financial (HIG) upgraded to Outperform from Market Perform at FBR Capital... Huntsman (HUN) upgraded to Buy from Neutral at Citigroup... Imperva (IMPV) upgraded to Outperform from Perform at Oppenheimer... L Brands (LB) upgraded at Credit Suisse... Marcus (MCS) upgraded to Buy from Neutral at B. Riley... Noodles & Company (NDLS) upgraded to Buy from Neutral at UBS... Sunoco Logistics (SXL) upgraded to Overweight from Equal Weight at Barclays... Triangle Petroleum (TPLM) upgraded to Buy from Accumulate at KLR Group... Twitter (TWTR) upgraded to Buy from Neutral at UBS.
08:45 EDTCPECallon Petroleum upgraded to Buy from Neutral at SunTrust
As previously reported, SunTrust upgraded Callon Petroleum to Buy from Neutral. The firm upgraded shares to reflect the acquisition of high-quality Midland Basin acreage last week and the recent equity raise. Price target raised to $12 from $11.
08:36 EDTCPECallon Petroleum upgraded to Buy from Neutral at SunTrust
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07:23 EDTORCLOracle coverage assumed with a Neutral at MKM Partners
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07:07 EDTARPIBofA/Merrill to hold a conference
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06:07 EDTCPECallon Petroleum 12.5M share Secondary priced at $9.00
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September 9, 2014
16:19 EDTARPIAmerican Residential Properties initiated with a Buy at Sterne Agee
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12:02 EDTBYIOptions with decreasing implied volatility
Options with decreasing implied volatility: KERX CIEN FNSR PAY BKS PVH NAV BYI FTR JOY
10:10 EDTWPZ, EEPOn the Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AMC Entertainment (AMC) initiated with a Hold at Topek... AMRI (AMRI) initiated with an Overweight at JPMorgan... Alcoa (AA) initiated with an Outperform at Bernstein... Alumina (AWC) initiated with a Market Perform at Bernstein... American Airlines (AAL) initiated with an Outperform at Credit Suisse... Catalent (CTLT) initiated with a Buy at BofA/Merrill... Chimerix (CMRX) initiated with a Buy at Cantor... Delta Air Lines (DAL) initiated with an Outperform at Credit Suisse... Enable Midstream (ENBL) initiated with an Outperform at BMO Capital... Enbridge Energy (EEP) initiated with a Market Perform at BMO Capital... Endocyte (ECYT) initiated with a Buy at Cantor... EnerNOC (ENOC) initiated with an Outperform at Pacific Crest... Enterprise Products (EPD) initiated with an Outperform at BMO Capital... Good Times Restaurants (GTIM) initiated with a Buy at Roth Capital... JetBlue (JBLU) initiated with an Underperform at Credit Suisse... Kinder Morgan Energy (KMP) initiated with a Market Perform at BMO Capital... MEI Pharma (MEIP) initiated with a Buy at Cantor... ONEOK Partners (OKS) initiated with a Market Perform at BMO Capital... Southwest (LUV) initiated with a Neutral at Credit Suisse... Spectra Energy Partners (SEP) initiated with an Outperform at BMO Capital... TC PipeLines (TCP) initiated with a Market Perform at BMO Capital... TECO Energy (TE) initiated with a Neutral at Citigroup... Targa Resources Partners (NGLS) initiated with a Market Perform at BMO Capital... United Continental (UAL) initiated with an Outperform at Credit Suisse... Weibo (WB) initiated with a Buy at T.H. Capital... Williams Partners (WPZ) initiated with a Market Perform at BMO Capital.
07:17 EDTORCLThe Wireless Association to hold a conference
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07:08 EDTEEPEnbridge Energy initiated with a Market Perform at BMO Capital
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07:08 EDTWPZWilliams Partners initiated with a Market Perform at BMO Capital
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September 8, 2014
15:01 EDTSBNYSignature Bank management to meet with Sterne Agee
Meeting to be held in New York on September 10 hosted by Sterne Agee.
08:06 EDTCPECallon Petroleum files to sell 12.5M shares of common stock
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