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Stock Market & Financial Investment News

News Breaks
February 6, 2013
10:03 EDTAEIS, INTU, KEY, CMA, HBAN, PNC, RF, FITB, WFC, USB, YGE, TSL, FINL, FL, ENT, FSLR, WFR, SPWR, STP, TSRO, THO, JCPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Advanced Energy (AEIS) initiated with a Buy at Citigroup... Finish Line (FINL) initiated with a Neutral at RW Baird... First Solar (FSLR) initiated with a Buy at Citigroup... Foot Locker (FL) initiated with an Outperform at RW Baird... Global Eagle (ENT) initiated with an Overweight at Piper Jaffray... MEMC Electronic (WFR) initiated with a Buy at Citigroup... SunPower (SPWR) initiated with a Buy, added to Top Picks Live at Citigroup... Suntech (STP) initiated with a Sell at Citigroup... Tesaro (TSRO) initiated with a Buy at Deutsche Bank... Thor Industries (THO) initiated with an Outperform at BMO Capital... Trina Solar (TSL) initiated with a Neutral at Citigroup... Yingli Green (YGE) initiated with a Neutral at Citigroup... Intuit (INTU) initiated with a Buy at Janney Capital... SunTrust (STI) initiated with a Neutral at Nomura... KeyCorp (KEY) initiated with a Neutral at Nomura... Huntington Bancshares (HBAN) initiated with a Neutral at Nomura... Comerica (CMA) initiated with a Neutral at Nomura... Regions Financial (RF) initiated with a Buy at Nomura... PNC Financial (PNC) initiated with a Buy at Nomura... Fifth Third Bancorp (FITB) initiated with a Neutral at Nomura... Wells Fargo (WFC) initiated with a Buy at Nomura... U.S. Bancorp (USB) initiated with a Buy at Nomura... PNC Financial (PNC) initiated with a Buy at Nomura... J.C. Penney (JCP) initiated with a Sell at Maxim.
News For AEIS;FINL;FL;ENT;FSLR;WFR;SPWR;STP;TSRO;THO;TSL;YGE;INTU;KEY;CMA;HBAN;PNC;RF;FITB;WFC;USB;JCP From The Last 14 Days
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October 13, 2014
10:08 EDTJCPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Bankrate (RATE) downgraded to Equal Weight from Overweight at Stephens... CME Group (CME) downgraded to Market Perform from Outperform at Wells Fargo... Cliffs Natural (CLF) downgraded to Neutral from Overweight at JPMorgan... Dana Holding (DAN) downgraded to Sector Perform from Outperform at RBC Capital... Darden (DRI) downgraded to Neutral from Overweight at Piper Jaffray... Dover (DOV) downgraded to Neutral at RW Baird... DryShips (DRYS) downgraded to Underperform from Outperform at Imperial Capital... Infineon (IFNNY) downgraded to Neutral from Overweight at JPMorgan... J.C. Penney (JCP) downgraded to Sell from Neutral at UBS... Johnson Controls (JCI) downgraded to Outperform from Top Pick at RBC Capital... Juniper (JNPR) downgraded to Hold from Buy at Argus... Kennametal (KMT) downgraded to Market Perform from Outperform at Wells Fargo... Masco (MAS) downgraded to Equal Weight from Overweight at Barclays... New Gold (NGD) downgraded to Neutral from Overweight at JPMorgan... ON Semiconductor (ONNN) downgraded to Sector Perform from Outperform at Pacific Crest... PBF Energy (PBF) downgraded to Underweight from Equal Weight at Barclays... Parker-Hannifin (PH) downgraded to Market Perform from Outperform at Wells Fargo... STMicroelectronics (STM) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Sector Perform at Pacific Crest... VOXX International (VOXX) downgraded to Market Perform from Outperform at Cowen.
10:08 EDTSPWROn The Fly: Analyst Upgrade Summary
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10:06 EDTJCPJ.C. Penney rises after selecting Home Depot executive as next CEO
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08:45 EDTPNCPNC Financial October volatility elevated into Q3 and outlook
PNC Financial October call option implied volatility is at 33, November is at 23, January is at 19; compared to its 26-week average of 18 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 16.
08:38 EDTJCPJ.C. Penney names Marvin Ellison CEO-Designee
The board of J. C. Penney (JCP) announced the appointment of Marvin Ellison, currently executive vice president of stores at Home Depot (HD), as president and CEO-Designee, effective November 1. Ellison will also join the board. He will then succeed Myron E. Ullman, III as CEO of JCPenney on August 1, 2015. At that time, Ullman will become executive chairman of the board for a period of one year.
08:17 EDTSPWRSunPower upgraded at Raymond James
As previously reported, Raymond James upgraded SunPower to Outperform. The firm upgraded shares citing reasonable valuation and believes there is a chance the company makes a yieldco announcement next month. Price target is $35.
07:30 EDTSPWRSunPower upgraded to Outperform from Market Perform at Raymond James
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07:21 EDTINTUIntuit management to meet with UBS
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07:19 EDTWFCAmEx, Capital One profits seen boosted by credit card 'sweet spot,' WSJ says
Credit card players such as American Express (AXP) and Capital One (COF), as well as banks with significant card units like JPMorgan (JPM), stand to benefit from the U.S. card industry's "sweet spot" of moderate economic growth, low interest rates and consumers who are better managing payments while growing their spending, said The Wall Street Journal, which noted that consulting firm R.K. Hammer estimates U.S. card issuers' revenue will grow 9% this year to $158.6B. Other U.S. banks with credit card units include Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) and other card companies include Visa (V) and MasterCard (MA). Reference Link
06:44 EDTWFC, USBRegulators seeking banks' auto loan data, Reuters reports
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06:15 EDTJCPJ.C. Penney downgraded to Sell from Neutral at UBS
UBS downgraded its rating on J.C. Penney (JCP) shares to Sell saying the company's 2017 EBITDA target of $1.2B is overly optimistic as it assumes years of market share gains against strong competitors like Macy's (M) and Kohl's (KSS). UBS halved its price target for Penney shares to $5 from $10. The retailer's stock closed Friday down 52c to $7.12.
05:24 EDTSPWRSunPower supplying 41 MW of high efficiency solar panels to La Compagnie du Vent
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00:04 EDTWFC, USBBanking regulators want more disclosure on auto loans, Reuters says
Banking regulators are requesting that banks provide more details on their auto loan portfolios, says Reuters. Balances remaining on auto loans are rising and about a fifth of the loans are subprime, added Reuters. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Capital One (COF), JPMorgan (JPM), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
October 12, 2014
13:03 EDTWFC, USBBanks agree on derivatives procedures for future crisis scenario, WSJ says
Meeting at the Federal Reserve in Washington, top banking executives from 18 large U.S., European and Japanese banks agreed in principle to wait up to 48 hours before seeking to terminate derivatives contracts and collect associated payments from a troubled financial institution, says the Wall Street Journal. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
October 10, 2014
16:18 EDTSPWRCompuware announces spin-off of Covisint
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10:01 EDTJCPOn The Fly: Analyst Downgrade Summary
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08:06 EDTTSLTrina Solar announces sale of 10.6MW PV power plant in UK
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07:57 EDTJCPJ.C. Penney downgraded to Sell with $4 target at Maxim
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07:10 EDTJCPJ.C. Penney downgraded to Sell from Hold at Maxim
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06:44 EDTWFCWells Fargo to pay $5M to settle discrimination allegations
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