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Stock Market & Financial Investment News

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February 21, 2014
10:00 EDTHAWK, SCBT, THI, XTXI, PAAS, AGI, PDCE, XEC, TOT, SIG, STX, SDRL, REXX, EVEP, EMCI, COMM, BAS, AEGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AEGON (AEG) upgraded to Strong Buy from Outperform at Raymond James... Basic Energy (BAS) upgraded to Market Perform from Underperform at Raymond James... CommScope (COMM) upgraded to Buy from Hold at Jefferies... EMC Insurance (EMCI) upgraded to Outperform from Market Perform at Keefe Bruyette... EV Energy (EVEP) upgraded to Buy from Hold at Wunderlich... Rex Energy (REXX) upgraded to Accumulate from Neutral at Global Hunter... Seadrill (SDRL) upgraded to Overweight from Neutral at HSBC... Seagate (STX) upgraded to Outperform from Sector Perform at RBC Capital... Signet Jewelers (SIG) upgraded to Buy from Neutral at Sterne Agee... Total (TOT) upgraded to Neutral from Sell at Goldman... Cimarex Energy (XEC) upgraded to Outperform from Sector Perform at Howard Weil... PDC Energy (PDCE) upgraded to Buy from Neutral at Global Hunter... Alamos Gold (AGI) upgraded to Buy from Hold at TD Securities... Pan American Silver (PAAS) upgraded to Buy from Hold at TD Securities... Crosstex Energy (XTXI) upgraded to Buy from Hold at Wunderlich... Tim Hortons (THI) upgraded to Outperform from Market Perform at Raymond James... First Financial (SCBT) upgraded to Buy from Hold at BB&T... Blackhawk (HAWK) upgraded to Neutral from Underperform at Wedbush.
News For AEG;BAS;COMM;EMCI;EVEP;REXX;SDRL;STX;SIG;TOT;XEC;PDCE;AGI;PAAS;XTXI;THI;SCBT;HAWK From The Last 14 Days
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August 25, 2014
19:49 EDTXECCimarex Energy agrees to sell $326M of oil, gas assets
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16:13 EDTTHIOn The Fly: Closing Wrap
Stocks began the session in positive territory and proceeded to tack on gains throughout the morning. Despite a disappointing report on new home sales in July, the S&P surpassed the 2,000 level for the first time before noon. The market pared its gains shortly after the milestone was reached and drifted for the remainder of the session on light volume, as trading activity may be restrained all week ahead of the Labor Day weekend. ECONOMIC EVENTS: In the U.S., the Chicago Fed's National Activity index jumped to 0.39 in July from an upwardly revised 0.21 in June. Markit's preliminary August services PMI came in at 58.5, which was down from a prior reading of 60.8 but above the 58.0 consensus projection. New home sales dropped 2.4% to a 412K rate in July, missing expectations for them to have risen to a 430K annualized rate. COMPANY NEWS: Shares of InterMune (ITMN) surged $19.05, or 35.41%, to $72.85 after the company agreed to be acquired by Roche (RHHBY) for $74.00 per share in an all-cash transaction. The deal announcement comes less than two weeks after Bloomberg reported that Roche, along with big pharma peers Sanofi (SNY) and GlaxoSmithKline (GSK), had made takeover bids for the smaller drugmaker. A number of other biotech companies gained following the deal announcement, including bigger names like Gilead (GILD) and Celgene (CELG) and smaller ones such as Achillion Pharmaceuticals (ACHN) and Receptos (RCPT)... Burger King (BKW) shares rose $5.29, or 19.51%, to $32.40 after the company confirmed it is in talks regarding a potential strategic transaction with Canadian donut chain Tim Hortons (THI). Shares of Tim Horton's trading in New York also gained $11.88, or 18.91%, to $74.72 following the confirmation of news first reported by The Wall Street Journal. MAJOR MOVERS: Among the other notable gainers was Advaxis (ADXS), which advanced 75c, or 23.08%, to $4.00 after announcing it has entered into a clinical trial collaboration agreement with Merck (MRK). Also rising were shares of Comtech (CMTL), which jumped $1.70, or 4.84%, to $36.81 after Reuters said the company is working with Citigroup to explore a potential sale. Among the noteworthy losers was Chinese internet and software company Qihoo 360 Technology (QIHU), which fell $7.88, or 7.74%, to $93.87 despite reporting second quarter earnings and revenue that beat analysts' estimates. Also lower were shares of GrubHub (GRUB), which fell $3.60, or 8.42%, to $39.16 after filing to sell 10M shares of common stock. INDEXES: The Dow gained 75.65, or 0.44%, to 17,076.87, the Nasdaq rose 18.80, or 0.41%, to 4,557.35, and the S&P 500 advanced 9.54, or 0.48%, to 1,997.94.
12:35 EDTTHIBurger King, Tim Hortons deal likely complete in next day or two, CNBC reports
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12:19 EDTTHIOn The Fly: Midday Wrap
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12:16 EDTCOMMCommScope management to meet with Jefferies
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11:30 EDTTHITim Hortons price target raised to $90 from $75 at KeyBanc
10:54 EDTEVEPHigh option volume stocks
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10:25 EDTTHIBurger King, Tim Hortons climb higher after confirming deal talks
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10:07 EDTTHITim Hortons could be worth as much as $85 shares in a merger, says Raymond James
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09:11 EDTTHIOn The Fly: Pre-market Movers
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08:36 EDTTHITim Hortons business would be boosted by Burger King deal, says KeyBanc
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06:47 EDTTHITim Hortons volatility expected to move on confirming talks with Burger King
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05:11 EDTTHITim Hortons, Burger King confirm talks regarding potential strategic transaction
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August 24, 2014
20:05 EDTTHIBurger King seeks Tim Hortons acquisition in tax inversion deal, WSJ says
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August 20, 2014
06:13 EDTAGIAlamos Gold receives final signatures approving Agi Dagi EIA
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August 19, 2014
15:54 EDTPDCEEnerCom to hold a conference
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10:13 EDTEVEPOn The Fly: Analyst Upgrade Summary
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08:43 EDTEVEPEV Energy upgraded at Raymond James
As previously reported, Raymond James upgraded EV Energy to Strong Buy from Outperform. The firm said monetization of the Cardinal Gas Services investment is imminent and the UEO midstream assets partnership is expected to increase distributed cash flow substantially over the next 12-18 months. Price target is $49.
07:18 EDTBASEnerCom to hold a conference
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07:06 EDTEVEPEV Energy upgraded to Strong Buy from Outperform at Raymond James
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