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February 25, 2014
10:00 EDTBAGL, MNST, VVUS, RFMD, GBX, BAS, HSBC, PANW, RGLD, PAAS, FSRV, AEE, THC, TREX, RP, MWEOn The Fly: Analyst Downgrade Summary
Ameren (AEE) downgraded to Equal Weight from Overweight at Barclays... Basic Energy (BAS) downgraded to Underperform from Hold at Jefferies... Einstein Noah (BAGL) downgraded to Neutral from Overweight at Piper Jaffray... FirstService (FSRV) downgraded to Market Perform from Outperform at JMP Securities... Greenbrier (GBX) downgraded to Hold from Buy at Stifel... HSBC (HSBC) downgraded to Neutral from Buy at Citigroup... MarkWest Energy (MWE) downgraded to Hold from Buy at Jefferies... Pan American Silver (PAAS) downgraded to Sell from Neutral at Goldman... RF Micro Devices (RFMD) downgraded to Hold from Buy at Canaccord... RealPage (RP) downgraded to Sector Perform from Outperform at RBC Capital... Royal Gold (RGLD) downgraded to Sector Performer from Outperformer at CIBC... VIVUS (VVUS) downgraded to Neutral from Overweight at JPMorgan... Trex Company (TREX) downgraded to Equal Weight from Overweight at Stephens... Palo Alto (PANW) downgraded to Hold from Buy at Gabelli... Monster Beverage (MNST) downgraded to Underperform from Neutral at Longbow... Tenet (THC) downgraded to Fair Value from Buy at CRT Capital... HSBC (HBC) downgraded to Neutral from Overweight at JPMorgan.
News For AEE;BAS;BAGL;FSRV;GBX;MWE;PAAS;RFMD;RP;RGLD;VVUS;TREX;PANW;MNST;THC;HSBC From The Last 14 Days
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July 29, 2015
10:41 EDTMWEOptions with increasing implied volatility
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10:27 EDTMWEOptions with decreasing implied volatility
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08:35 EDTPANWUnited computers said to be breached by hackers, Bloomberg reports
United Airlines (UAL) detected a breach of its computer systems in May or early June, reported Bloomberg, citing several people familiar with an investigation into the matter. The cyberattack on United has been linked to the China-backed hackers said to be responsible for several other large incursions, including thefts of data from the U.S. Office of Personnel Management and health insurer Anthem (ANTM), according to several of the people who talked to Bloomberg. Publicly traded companies in the cybersecurity space include Barracuda (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
July 28, 2015
10:00 EDTAEEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aegerion (AEGR) upgraded to Buy from Hold at Jefferies... Ameren (AEE) upgraded to Neutral from Sell at Goldman... AutoNation (AN) upgraded to Buy from Neutral at Sterne Agee CRT... Beacon Roofing (BECN) upgraded to Outperform at Baird... BlackBerry (BBRY) upgraded to Equal Weight from Underweight at Morgan Stanley... Bojangles (BOJA) upgraded to Buy from Neutral at SunTrust... Boyd Gaming (BYD) upgraded to Neutral from Underperform at BofA/Merrill... Columbus McKinnon (CMCO) upgraded to Buy from Neutral at Sidoti... Danaher (DHR) upgraded to Overweight from Equal Weight at Morgan Stanley... Emerald Oil (EOX) upgraded to Hold from Sell at Wunderlich... Haemonetics (HAE) upgraded Outperform from Market Perform at Barrington... Jefferies sees entry point for Aegerion (AEGR), upgrades to Buy... Philips (PHG) upgraded to Buy from Hold at Societe Generale... Plum Creek Timber (PCL) upgraded to Buy from Neutral at DA Davidson... Raytheon (RTN) upgraded to Buy from Neutral at BofA/Merrill... SandRidge Energy (SD) upgraded to Hold from Sell at Wunderlich... Telecom Argentina (TEO) upgraded to Outperform from Market Perform at Raymond James... Teva (TEVA) upgraded to Outperform from Market Perform at BMO Capital... Triumph Bancorp (TBK) upgraded to Buy from Hold at Evercore ISI... Waste Management (WM) upgraded on valuation, rebounding businesses at Argus... Wisconsin Energy (WEC) upgraded to Buy from Neutral at Goldman.
06:43 EDTAEEAmeren upgraded to Neutral from Sell at Goldman
Goldman upgraded Ameren to Neutral with a $40 price target based on share underperformance.
July 24, 2015
05:45 EDTPANWProofpoint price target raised to $80 from $70 at Summit Research
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July 23, 2015
18:21 EDTPANWOn The Fly: Top stock stories for Thursday
Stocks began the session mixed on the heels of weak earnings reports from both Caterpillar (CAT) and 3M (MMM). The Nasdaq managed to spend most of the day in positive territory but joined the other averages in negative territory by mid-afternoon. Selling picked up momentum towards late afternoon, and by day’s end each of the averages were lower by more than 0.4%, with the Dow losing nearly 0.7%. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 255,000 in the week ended July 18, below the 278,000 first-time claims that were expected. The Leading Economic Indicators advanced 0.6% in June, exceeding expectations for a 0.3% increase. In Asia, the Shanghai Composite index advanced for a sixth straight session, adding another 2.4%. In Europe, the Greek Parliament voted to accept creditor terms for a new bailout, though a decision on when to reopen Greek financial markets was deferred to next week. COMPANY NEWS: Shares of General Motors (GM) finished the session up 3.96% to $31.50 after reporting earnings per share above analyst expectations. Other notable names rising following earnings reports include SanDisk (SNDK), Under Armour (UA), Southwest (LUV)... Caterpillar, meanwhile, dropped $2.86, or 3.59%, to $76.90 after cutting its yearly guidance during this morning's earnings report, with the company noting a "relatively stagnant" global economy. Also lower following earnings were Comcast (CMCSA, CMCSK), Bristol-Myers Squibb (BMY), Dunkin Brands (DNKN), and Boston Scientific (BSX). MAJOR MOVERS: Among the notable gainers was Cigna (CI), which rose $3.29, or 2.18%, to $154.36 after the Wall Street Journal reported last night that Anthem (ANTM) is nearing a deal to acquire the company for roughly $187, representing a total transaction value of over $48B. Adding to that report, CNBC's David Faber said on Thursday morning that Anthem will announce an agreement Friday to purchase Cigna for $188 per share, at a 45% equity, 55% cash split. Also higher were shares of numerous IT security companies, with FireEye (FEYE) advancing 4.53% and Palo Alto Networks (PANW) adding 2.33% after earnings reports from security firms Fortinet (FTNT) and F5 Networks (FFIV) beat on both top and bottom lines. Fortinet and F5, meanwhile, finished Thursday's session up 10.71% and 7.75% to $46.83 and $127.68, respectively. Among the noteworthy losers following earnings was McDonald's (MCD), which edged down 0.52% to $97.10 after noting that Q2 global comparable sales fell 0.7% for the quarter, including a 2% decline in U.S. same-store sales. Also lower was Hertz (HTZ), which declined 8.53% to $16.45 following a downgrade to Underweight at Morgan Stanley, with the research firm citing increased competition from Uber and similar mobility services. INDEXES: The Dow fell 119.12, or 0.67%, to 17,731.92, the Nasdaq lost 25.36, or 0.49%, to 5,146.41, and the S&P 500 declined 12.00, or 0.57%, to 2,102.15.
17:13 EDTRGLDRoyal Gold estimates Q2 Peak Gold costs at $2M
Royal Gold incurred certain costs associated with the summer exploration program at Peak Gold. The company estimates approximately $2M in expenditures will be reported in its financial results for Q2.
17:12 EDTRGLDRoyal Gold sees streaming agreement with Golden Star Resources closing "soon"
Royal Gold (RGLD) had entered into a streaming agreement with Golden Star Resources (GSS). The transaction is expected to close soon, upon satisfaction of remaining closing conditions, with RGLD Gold making an initial upfront payment at closing of $40M to Golden Star. Royal Gold will simultaneously fund a $20Mdollar term loan as part of the transaction. RGLD Gold expects to make further advance payments totaling $90M over the next five quarters. Once the initial upfront payment has been made, RGLD Gold expects to receive stream deliveries from Golden Star in the current quarter related to production from and after April 1. Golden Star will deliver to RGLD Gold 8.5% of gold produced from Wassa, Bogoso and Prestea until 185,000 ounces have been delivered, 5.0% until an additional 22,500 ounces have been delivered, and 3.0% thereafter. RGLD Gold will pay Golden Star 20% of the spot price at the time of delivery until 207,500 ounces have been delivered, and 30% of the spot price thereafter.
17:10 EDTRGLDRoyal Gold provides streaming and royalty update
Royal Gold (RGLD) provided an operational update for its streaming and royalty interests at Mount Milligan, Phoenix and Voisey’s Bay. In Q2, the company’s wholly owned subsidiary, RGLD Gold AG, purchased approximately 21,400 ounces of gold from the Mount Milligan mine at a cash price of $435 per ounce as part of its purchase and sale agreement with Thompson Creek (TC) and sold approximately 23,000 ounces of gold related to Mount Milligan. Rubicon Minerals (RBY) announced its first gold pour at the Phoenix Gold Project of approximately 741 ounces. RGLD Gold will begin receiving deliveries in the current quarter related to initial commissioning activities and anticipates more substantial gold deliveries as the mine ramps up to design production. Rubicon will deliver 6.30% of the gold from the Phoenix mine until 135,000 ounces have been delivered, then 3.15% thereafter. RGLD Gold will pay 25% of the spot price at the time of delivery. Royal Gold also received the first quarterly royalty payment relating to processing Voisey’s Bay nickel concentrates at Vale’s new Long Harbour hydrometallurgical plant.
11:32 EDTPANWIT security stocks climb after Fortinet, F5 beat expectations
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July 21, 2015
19:51 EDTHSBCJudge rejects HSBC attempt to dismiss credit union lawsuit, Reuters says
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10:01 EDTMNSTOn The Fly: Analyst Initiation Summary
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06:08 EDTHSBCU.K. watchdog visited Barclays 186 times in 2014, Bloomberg reports
The FCA's supervisory team made 186 visits to Barclays (BCS) in 2014, more than any other British bank that year, Bloomberg reports. HSBC (HSBC) was next highest with 85 visits, with RBS (RBS) and Lloyds (LYG) following with 65 and 58 encounters, respectively, the report says. Reference Link
05:10 EDTMWEMarkWest Energy raises quarterly dividend by 1c to 92c per unit
MarkWest Energy announced that the board of the General Partner of MarkWest Energy Partners, declared a cash distribution of 92c per common unit for Q2, for an implied annual rate of $3.68 per common unit. The Q2 distribution represents an increase of 1c per common unit, or 1.1%, compared to the Q1 distribution. The Q2 distribution is payable August 14, to unitholders of record on August 6. The ex-dividend date is August 4.
July 20, 2015
16:11 EDTMNSTMonster Beverage initiated with a Buy at Sterne Agee CRT
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10:13 EDTMWEOptions with decreasing implied volatility
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08:11 EDTRGLDNew Gold enters into $175M streaming agreement with RGLD Gold
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08:02 EDTRGLDRoyal Gold buys Gold and Silver stream on New Gold's Rainy River Project
Royal Gold announced that its subsidiary RGLD Gold AG entered into a $175M Purchase and Sale Agreement with New Gold for a percentage of the gold and silver production from the Rainy River Project in Ontario, Canada. The Rainy River Project is located 65 kilometers northwest of Fort Frances in western Ontario, Canada, just north of the Minnesota border. Over its first nine years of full production, the 21,000 tonne per day, combined open pit-underground operation is scheduled to produce an average of 325,000 ounces of gold per year. Permits to begin major earthworks construction are in place, and, as of mid-2015, detailed engineering is 95% complete and 14% of the total development capital estimate of $877M has been spent. Startup is projected for mid-2017. Under the terms of the Purchase and Sale Agreement, New Gold will deliver gold and silver to Royal Gold on a monthly basis. Royal Gold plans to sell the gold within a few weeks of receiving each delivery, and will recognize revenue from the sale of the delivered gold after the sale has occurred.
07:11 EDTMWEMPLX, MarkWest Energy provide supplimental information about merger
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