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Stock Market & Financial Investment News

News Breaks
March 28, 2014
10:05 EDTAEM, TEP, TCP, SCTY, PFSI, NKA, NR, NICE, KGC, INVN, HLSS, FNSR, FDUS, EPB, CTSH, BOFI, AA, VECOOn The Fly: Analyst Upgrade Summary
Agnico-Eagle (AEM) upgraded to Buy from Hold at Canaccord... Alcoa (AA) upgraded to Neutral from Underperform at Macquarie... Bofi Holding (BOFI) upgraded to Outperform from Market Perform at Raymond James... Cognizant (CTSH) upgraded to Overweight from Equal Weight at Morgan Stanley... El Paso Pipeline (EPB) upgraded to Buy from Neutral at Citigroup... Fidus Investment (FDUS) upgraded to Strong Buy from Outperform at Raymond James... Finisar (FNSR) upgraded to Outperform from Sector Perform at RBC Capital... Home Loan Servicing (HLSS) upgraded to Overweight from Neutral at Piper Jaffray... InvenSense (INVN) upgraded to Buy from Neutral at Roth Capital... Kinross Gold (KGC) upgraded to Neutral from Sell at Goldman... NICE Systems (NICE) upgraded to Buy from Neutral at UBS... Newpark Resources (NR) upgraded to Overweight from Underweight at First Analysis... Niska Gas (NKA) upgraded to Neutral from Sell at Citigroup... PennyMac (PFSI) upgraded to Outperform from Market Perform at Wells Fargo... SolarCity (SCTY) upgraded to Outperform from Market Perform at Raymond James... TC PipeLines (TCP) upgraded to Neutral from Sell at Citigroup... Tallgrass Energy (TEP) upgraded to Buy from Neutral at Citigroup... Veeco (VECO) upgraded to Buy from Outperform at CLSA.
News For AEM;AA;BOFI;CTSH;EPB;FDUS;FNSR;HLSS;INVN;KGC;NICE;NR;NKA;PFSI;SCTY;TCP;TEP;VECO From The Last 14 Days
Check below for free stories on AEM;AA;BOFI;CTSH;EPB;FDUS;FNSR;HLSS;INVN;KGC;NICE;NR;NKA;PFSI;SCTY;TCP;TEP;VECO the last two weeks.
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August 13, 2014
07:23 EDTNICENICE Systems and AECOM Technology provide GIS solution to Los Angeles airport
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August 12, 2014
19:02 EDTFNSROn The Fly: After Hours Movers
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12:08 EDTHLSSHome Loan Servicing files to delay 10-Q, expects to restate certain financials
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12:01 EDTSCTYStocks with call strike movement; P SCTY
Pandora (P) January 31 call option implied volatility decreased 1% to 54, SolarCity (SCTY) January 85 call option implied volatility decreased 3% to 54 according to IVolatility.
11:51 EDTSCTYSolarCity mentioned cautiously by Seeking Alpha contributor
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10:00 EDTEPBOn The Fly: Analyst Upgrade Summary
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09:35 EDTHLSSHome Loan Servicing increases dividend from 16c to 18c
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06:00 EDTCTSHStocks with implied volatility below IV index mean; CTSH KMP
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05:25 EDTEPBEl Paso Pipeline upgraded to Neutral from Sell at Goldman
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August 11, 2014
16:50 EDTEPBOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory but were never able to gain any upside momentum. There was little to account for the initial move other than no change to the status quo for Israel and Russia. The averages moved in a narrow range but managed to stay on the plus side into the close, though in lackluster fashion. ECONOMIC EVENTS: In the U.S., no significant economic data was released. In prepared comments for a conference, Federal Reserve Vice Chairman Stanley Fischer said rebounds across advanced economies have been disappointing, leading the Fed and other observers to lower their long-term expectations for growth potential in the U.S. COMPANY NEWS: Shares of Kinder Morgan (KMI) advanced $3.25, or 9.0%, to $39.37 after announcing it will consolidate its oil-and-gas holdings into one company by acquiring all of the outstanding shares of a number of its subsidiaries, including Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB). The total transaction has a value of about $70B and the combined entity will be the largest energy infrastructure company in North America and the third largest energy company overall with an estimated enterprise value of approximately $140B, the company said. Afterward, Kinder Morgan was upgraded to Buy from Neutral at BofA Merrill Lynch, though Wells Fargo viewed the plans as mixed near-term. Wells believes the deal helps address some of the structural issues that have been pressuring Kinderís valuation in recent quarters, but it believes itís unclear how the market will ultimately value the new structure and the firm kept its Market Perform rating on all four stocks involved. MAJOR MOVERS: Among the notable gainers was salad and banana distributor Chiquita Brands (CQB), which jumped $3.04, or 30.22%, to $13.10 to close above the $13 per share takeover offer announced by Cutrale Group and the Safra Group. Note that Chiquita previously agreed to combine with Fyffes plc in a stock-for-stock transaction. Also higher was Mattress Firm (MFRM), which advanced $6.52, or 13.58%, to $54.53 after reporting preliminary second quarter results that beat expectations and raising it fiscal year outlook. Among the noteworthy losers following their earnings reports were Walter Investment (WAC), which fell $3.52, or 12.45%, to $24.75, and Inovio (INO), which dropped 99c, or 9.94%, to $8.97. INDEXES: The Dow edged up 16.05, or 0.1%, to 16,569.98, the Nasdaq gained 30.43, or 0.7%, to 4,401.33, and the S&P 500 rose 5.33, or 0.28%, to 1,936.92.
16:00 EDTSCTYOptions Update; August 11, 2014
iPath S&P 500 VIX Short-Term Futures down 1.33 to 31.90. Option volume leaders: AAPL KMI MNKD PBR AMZN SCTY TWTR TSLA according to Track Data.
15:22 EDTNICE, VECOOppenheimer to hold a conference
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12:25 EDTEPBOn The Fly: Midday Wrap
Stocks on Wall Street opened in positive territory and have remained there throughout the morning. There was little in the way of a catalyst, as the economic calendar was empty, though investors may have been encouraged that there was no breakdown in the ceasefire agreement between Israel and Gaza and no big headlines from the Russia/Ukraine border. Additionally, some may have viewed comments from Fed Vice Chair Fischer as dovish and in support of continued easing. ECONOMIC EVENTS: In the U.S., no significant economic data was released. In prepared comments for a conference, Federal Reserve Vice Chairman Stanley Fischer said rebounds across advanced economies have been disappointing, leading the Fed and other observers to lower their long-term expectations for growth potential in the U.S. COMPANY NEWS: Shares of Kinder Morgan (KMI) advanced 10% after announcing it will consolidate its oil-and-gas holdings into one company by acquiring all of the outstanding shares of a number of its subsidiaries, including Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB). In addition to the rise in the shares of the parent, Kinder Morgan Energy shares rose 19%, Kinder Morgan Management gained 25% and El Paso Pipeline moved up 22%. MAJOR MOVERS: Among the notable gainers was salad and banana producer Chiquita Brands (CQB), which jumped 31% to trade above $13 per share after Cutrale Group and the Safra Group proposed to acquire 100% of the company's outstanding stock for $13 in cash each. Also higher was electric car maker Tesla (TSLA), which rose 5% after Deutsche Bank upgraded the stock to Buy from Hold and raised its price target on the shares to $310 from $220. Among the noteworthy losers was social game maker King Digital (KING), which slid 3% after the stock was downgraded at Pacific Crest to Sector Perform from Outperform. Also lower following their earnings reports were Inovio (INO), which fell over 8%, and Gogo (GOGO), which dropped nearly 6%. INDEXES: Near midday, the Dow was up 51.25, or 0.31%, to 16,605.18, the Nasdaq was up 38.19, or 0.87%, to 4,409.08, and the S&P 500 was up 10.12, or 0.52%, to 1,941.71.
09:06 EDTEPBOn The Fly: Pre-market Movers
HIGHER: PharmAthene (PIP), up 55% after announcing that a Delaware court awarded the company lump sum expectation damages for the value of its lost profits for SIGA Technologies' (SIGA) smallpox antiviral, Tecovirimat... MannKind (MNKD), up 19% after entering exclusive licensing agreement for development and commercialization of Afrezza inhaled insulin with Sanofi (SNY)... Kinder Morgan (KMI), up 19% after announcing it will acquire all of the outstanding equity securities of Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB)... Tesla (TSLA), up 2.7% following upgrade at Deutsche Bank... Achillion (ACHN), up 6% following upgrades at Wells Fargo and at Piper Jaffray... PepsiCo (PEP), up 0.9% following upgrade at UBS. LOWER: Dean Foods (DF), down 8.6% after reporting Q2 losses that were steeper than expected, saying balance of year "appears rocky," which makes it difficult to provide guidance beyond the immediate quarter... Priceline (PCLN), down 0.7% after reporting Q2 revenue that missed expectations, guiding Q3 EPS below consensus... SIGA Technologies, down 31% after ruling in suit with PharmAthene... 2U (TWOU), down 4.3% after downgraded at Goldman.
08:49 EDTEPBKinder Morgan says future MLP not currently in plans
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08:43 EDTAAGoldman bullish on Constellium and Alcoa
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07:15 EDTEPBKinder Morgan volatility is expected to move on acquisitions
Kinder Morgan (KMI) volatility is expected to move after announcing the acquisition of Kinder Morgan Energy (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB). Overall option implied volatility of 22 is at its 26-week average according to Track Data, suggesting non-directional price movement.
06:54 EDTAEMJefferies to hold a conference
2014 Global Industrials Conference to be held in New York on August 11-14.
06:26 EDTEPBWells Fargo views Kinder Morgan deal as mixed near-term
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August 10, 2014
20:17 EDTEPBKinder Morgan to buy KMP,KMR,EPB with 2015 KMI dividend increase to $2 per share
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