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Stock Market & Financial Investment News

News Breaks
January 23, 2014
10:01 EDTDKS, ESV, SDRL, VSI, FFIV, DO, RIG, SNDK, NE, EBAY, ORA, GOL, DK, RDC, HERO, G, CTXS, VLO, LAMR, HPY, GNC, AEO, CRMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Eagle (AEO) downgraded to Hold from Buy at Stifel... Citrix (CTXS) downgraded to Hold from Buy at Deutsche Bank... Delek US (DK) downgraded to Market Perform from Outperform at Raymond James... GNC Holdings (GNC) downgraded to Underperform from Market Perform at William Blair... Genpact (G) downgraded to Sell from Neutral at Goldman... Gol Linhas (GOL) downgraded to Market Perform from Outperform at Raymond James... Heartland Payment (HPY) downgraded to Neutral from Buy at Goldman... Hercules Offshore (HERO) downgraded to Neutral from Buy at Global Hunter... Lamar Advertising (LAMR) downgraded to Neutral from Buy at Citigroup... Ormat Technologies (ORA) downgraded to Underweight from Equal Weight at Barclays... Rowan Companies (RDC) downgraded to Neutral from Buy at UBS... Salesforce.com (CRM) downgraded to Hold from Buy at Deutsche Bank... Valero (VLO) downgraded to Outperform from Strong Buy at Raymond James... Vitamin Shoppe (VSI) downgraded to Market Perform from Outperform at William Blair... eBay (EBAY) downgraded to Hold from Buy at Stifel... Transocean (RIG) downgraded to Sell from Hold at Nordea... Seadrill (SDRL) downgraded to Hold from Buy at Nordea... Noble Corp. (NE) downgraded to Sell from Hold at Nordea... Ensco (ESV) downgraded to Hold from Buy at Nordea... Diamond Offshore (DO) downgraded to Sell from Hold at Nordea... SanDisk (SNDK) downgraded at Needham... Coach (COH) downgraded to Neutral from Outperform at Macquarie... F5 Networks (FFIV) downgraded to Neutral from Buy at Nomura... Dick's Sporting (DKS) downgraded to Equal Weight from Overweight at Morgan Stanley.
News For AEO;CTXS;DK;GNC;G;GOL;HPY;HERO;ORA;LAMR;RDC;CRM;VLO;VSI;EBAY;RIG;SDRL;NE;DO;ESV;SNDK;FFIV;DKS From The Last 14 Days
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August 20, 2015
10:00 EDTAEOOn The Fly: Analyst Downgrade Summary
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09:25 EDTCRMSalesforce August volatility increases into Q2 and outlook
Salesforce August call option implied volatility is at 116, September is at 45; compared to its 52-week range of 25 to 59, suggesting large price movement into the expected release of Q2 results today.
09:02 EDTAEOAmerican Eagle should be bought on weakness, says SunTrust
After American Eagle reported stronger than expected Q2 results, SunTrust thinks the company's Q3 guidance was strong and conservative. The firm notes that some were disappointed that the retailer's Q3 comp guidance came in below expectations, but the firm says its recent checks on the company have been favorable, while its fundamentals should continue to improve. SunTrust reiterates a $19 price target and Buy rating on the shares.
08:00 EDTAEOAmerican Eagle downgraded to Equal Weight from Overweight at Stephens
Stephens downgraded American Eagle to Equal Weight with an $18 price target to reflect balanced risk/reward and high expectations. The firm expects comp growth to decelerate, limiting share upside.
August 19, 2015
18:52 EDTRIGTransocean provides fleet update summary
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16:58 EDTAEOOn The Fly: Top stock stories for Wednesday
The market opened deep in negative territory after a tumultuous trading session in China and a softer than expected U.S. consumer prices report. Sellers continued to push the averages lower throughout the morning, with the Dow tacking on losses of more than 200 points as investors waited for the release of the Fed minutes. The market rallied following an early leak of the minutes, which suggested officials are getting closer to raising rates but appear to be waiting for additional data. Despite the afternoon rally, the averages sold off once again heading into the close, leaving all three indices in the negatives for Wednesday. ECONOMIC EVENTS: In the U.S., the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%. There were no revisions to the 0.3% headline gain in June or the 0.2% growth in the ex-food and energy component. Component gains were muted across the board, with Energy prices up just 0.1% in July. Meanwhile, FOMC minutes showed no definitive indication of a September rate hike. Most committee members "judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point." Other members, however, believed that the inflation outlook "might not soon meet one of the conditions... for initiating a firming of policy." COMPANY NEWS: Shares of Dot Hill Systems (HILL) soared $4.50, or 86.87%, to $9.68 after Seagate Technology (STX) agreed to acquire the company for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016. Shares of the hard drive giant fell 5.03% to $49.43 for the session... Lowe's (LOW) shares saw gains of $1.34, or 1.84%, to $74.36 following the company's earnings report this morning, while Target (TGT) rose $59c, or 0.73%, to $80.89 after beating on both top and bottom lines. On a subsequent conference call, Target executives forecast a "choppy" competitive environment in Q3, though they added that the company "will not get beat" on promotions in Q4. Separately, American Eagle (AEO) lost 7.42% to $16.92 after its quarterly numbers. MAJOR MOVERS: Among the notable gainers were Palatin (PTN) and Apricus (APRI), showing respective advances of 3.19% and 7.89% after the FDA approved Sprout's female sexual dysfunction drug Addyi, with the agency remarking that it "continues to encourage drug development in this area." Note that both Palatin and Apricus are developing their own treatments in the space, and Apricus reaffirmed this morning its intent to seek a global partner as it advances its Femprox sexual dysfunction medication. Also higher was Yum! Brands (YUM), which gained $1.90, or 2.26%, to $86.10 after appointing a new CEO of its China division, adding that its same-store sales in the region "have turned significantly positive." Among the noteworthy losers was Rayonier Advanced Materials (RYAM), plunging $6.01, or 44.09%, to $7.62 after disclosing a legal battle with its customer Eastman Chemical (EMN) over "meet or release" contract stipulations which may impact Eastman's purchase obligations. Also lower was Caesarstone (CSTE), which lost $3.43, or 7.14%, to $44.61 after short-selling hedge fund Spruce Point said the stock has up to 75% downside due to heightened raw material costs and competitive concerns, among other factors. Separately, EOG Resources (EOG), Baytex Energy (BTE), and Vanguard Natural (VNR) saw respective losses of 4.15%, 15.53%, and 13.83% after WTI crude fell 5.02% for the session. INDEXES: The Dow declined 162.61, or 0.93%, to 17,348.73, the Nasdaq fell 40.30, or 0.80%, to 5,019.05, and the S&P 500 lost 17.31, or 0.83%, to 2,079.61.
13:30 EDTAEOOn The Fly: Top stock stories at midday
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13:23 EDTAEOOptions with increasing call volume
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11:21 EDTAEOAmerican Eagle says priority to deliver capital to shareholders, improvement
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11:09 EDTRIGStocks with call strike movement; ABX RIG
Barrick Gold (ABX) January 9 call option implied volatility increased 2% to 59, Transocean (RIG) November 16 call option implied volatility increased 3% to 57 according to iVolatility.
10:20 EDTAEOAmerican Eagle shares defended at Cowen
10:14 EDTDKSOptions with decreasing implied volatility
Options with decreasing implied volatility: KING SUNE YY JCP URBN NTES DKS DANG SINA KSS
10:05 EDTAEOHigh option volume stocks
High option volume stocks: MNTA TUR ITB CLR HILL DV AU XLNK AEO CYBR
09:19 EDTAEOOn The Fly: Pre-market Movers
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09:16 EDTEBAYNew Relic, Magneto announce expansion of partnership
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08:36 EDTDKSDick's Sporting 'moving in right direction,' says Sterne Agee CRT
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08:03 EDTAEOAmerican Eagle sees Q3 EPS 28c-31c, consensus 28c
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08:02 EDTAEOAmerican Eagle reports Q2 EPS 17c, consensus 14c
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08:01 EDTCRMSalesforce outlook has improved, says Oppenheimer
After conducting checks, Oppenheimer is more confident in Salesforce's business momentum. The firm thinks the company's business performed well at the end of Q2, as it closed a large number of big deals. Oppenheimer is upbeat on the outlook for Wave and says that a Fortune 500 company appears to be planning to increase its spending on the Salesforce1 platform. The firm says that the Fortune 500 company's decision has multiple positive implications for Salesforce. It reiterates an Outperform rating on the shares.
06:31 EDTCRMSalesforce commercial business momentum moderating, says Jefferies
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