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April 21, 2014
10:01 EDTYUM, TRP, NE, CLI, GLNG, CNS, WLT, ROYT, MGI, JBL, GLOG, BBT, TPLM, PDCE, MPC, HFC, DOV, AEPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Electric (AEP) downgraded to Neutral from Buy at ISI Group... BB&T (BBT) downgraded at Oppenheimer... Cohen & Steers (CNS) downgraded to Hold from Buy at Gabelli... Dover (DOV) downgraded to Hold from Buy at Stifel... GasLog (GLOG) downgraded to Hold from Buy at Jefferies... Golar LNG (GLNG) downgraded to Hold from Buy at Jefferies... HollyFrontier (HFC) downgraded to Sector Perform from Outperform at Howard Weil... Jabil Circuit (JBL) downgraded at RBC Capital... Mack-Cali Realty (CLI) downgraded at Cowen... Marathon Petroleum (MPC) downgraded to Outperform from Focus List at Howard Weil... MoneyGram (MGI) downgraded to Market Perform from Outperform at JMP Securities... Noble Corp. (NE) downgraded to Neutral from Accumulate at Global Hunter... PDC Energy (PDCE) downgraded to Market Perform from Outperform at BMO Capital... Pacific Coast Oil (ROYT) downgraded at Janney Capital... TransCanada (TRP) downgraded to Sector Performer from Outperformer at CIBC... Triangle Petroleum (TPLM) downgraded to Accumulate from Buy at KLR Group... Walter Energy (WLT) downgraded to Sell from Neutral at Goldman... Yum! Brands (YUM) downgraded to Neutral from Overweight at JPMorgan.
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June 19, 2015
08:40 EDTJBLJabil Circuit outlook still positive, says Argus
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08:00 EDTCLIMack-Cali Realty upgraded on valuation at Stifel
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June 18, 2015
17:56 EDTCLIMack-Cali Realty upgraded to Buy from Hold at Stifel
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12:34 EDTJBLOn The Fly: Top stock stories at midday
Stocks on Wall Street opened in positive territory and continued to tack on gains throughout the morning. The move has been broad based, with each of the major averages gaining at least 1%. The move may be reflecting investors feeling a sense of relief following yesterday’s FOMC meeting, after which the central bank repeated its promise to be gradual in raising rates, without specifying when rate "lift-off" will commence. ECONOMIC EVENTS: In the U.S., the consumer prices index rose 0.4% in the month of May, versus expectations for a 0.5% increase. The core reading, which removes food and energy prices, rose 0.1%, versus the expected increase of 0.2%. Initial jobless claims dipped 12,000 to 267,000 in the week ended June 13, versus expectations for 277,000 first-time claims. The Philadelphia Fed manufacturing survey climbed 8.5 points to 15.2 in June, topping expectations for a reading of 8. The leading indicators rose 0.7% to 123.1 in May, topping expectations for a rise of 0.4%. In Europe, International Monetary Fund chief Christine Lagarde reportedly said Greece won’t be given a grace period if it fails to make its scheduled payment to the fund on June 30. Meanwhile, finance ministers of euro area member states are set to meet today, but expectations for progress on Greece are low. Also, the Norwegian central bank cut interest rates to a record low, while the Swiss National Bank kept its deposit rate at record lows as well. In Asia, the Shanghai composite index tumbled 3.7% overnight, doubling its weekly decline to 7.4% and increasing fears that a bubble in the nation's stock market may be preparing to burst. COMPANY NEWS: Shares of enterprise software, hardware and IT services provider Oracle (ORCL) dropped 7% after the company reported lower than expected fourth quarter earnings per share and gave a lower than expected forecast for profit in its new quarter. Analysts at several firms, including Susquehanna, Wells Fargo and Cantor, suggested the post-earnings drop may be a buying opportunity, citing progress in the company's cloud efforts... Fitness tracker maker Fitbit (FIT) surged nearly 50% in its first day of public trading. The company priced its initial public offering at $20 per share, topping expectations, then opened at $30.40 per share, giving it a market value near $6.3B in early trading. Near noon, the stock had pulled back a bit to trade just below $30 per share. MAJOR MOVERS: Among the notable gainers was PBF Energy (PBF), which gained 18% after announcing that its subsidiary has signed a definitive agreement to purchase Chalmette Refining, a joint venture between affiliates of Petroleos de Venezuela and ExxonMobil (XOM). Also higher was BioMarin (BMRN), which rose 13% after the company reported results from a study of BMN-111 in dwarfism and several analysts hiked their price targets on the stock to reflect the increased probability of success for the drug. Among the noteworthy losers following their earnings reports were Bankrate (RATE), which fell 18%, and Jabil Circuit (JBL), which dropped 7%. INDEXES: Near midday, the Dow was up 218.44, or 1.22%, to 18,154.18, the Nasdaq was up 74.96, or 1.48%, to 5,139.84, and the S&P 500 was up 23.57, or 1.12%, to 2,124.01.
12:10 EDTJBLContract electronic manufacturers underperform after Jabil results
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11:31 EDTYUMOptions with increasing implied volatility
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10:01 EDTBBTOn The Fly: Analyst Initiation Summary
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09:04 EDTJBLOn The Fly: Pre-market Movers
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07:05 EDTBBTBB&T initiated with an Overweight at Stephens
Target $45.
June 17, 2015
16:10 EDTJBLJabil Circuit down 7.5% after reporting Q3 results, guidance
16:10 EDTJBLJabil Circuit backs FY15 Core EPS view of $2.00 per share, consensus $2.02
Backs FY15 revenue guidance of up 13%. "We’re on track to deliver approximately 13% revenue growth and $2.00 in core EPS for this fiscal year, all while continuing to invest for future growth - quite an accomplishment when one considers the current macro environment,” CEO Mark Mondello said. Management updated its FY15 revenue outlook of $17.7B- $17.9B and core EPS of $1.95-$2.05.
16:06 EDTJBLJabil Circuit reports Q3 Core EPS 49c, consensus 49c
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16:05 EDTJBLJabil Circuit sees Q4 core EPS 40c-50c, consensus 47c
Sees Q4 revenue $4.45B-$4.65B, consensus $4.74B.
16:04 EDTJBLJabil Circuit reports Q3 EPS 37c, consensus 49c
Reports Q3 revenue $4.36B, consensus $4.46B.
15:16 EDTJBLNotable companies reporting after market close
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15:16 EDTJBLOptions with increasing volume
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14:48 EDTJBLJabil Circuit June 24 straddle priced for 5.6% movement into Q3
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14:11 EDTJBLJabil Circuit technical comments ahead of results
The $25 area is one that has proved nearly insurmountable resistance for the shares over the prior five years. With the stock close to that level ahead of earnings, the risk is that it will act as a hard ceiling yet again. If the news is bearish, the uptrend that began last October could be put at risk. The first important test of support would come at the 50-day moving average at $23.86. A breakdown below it would see next support at $22.73, $21.99, and $20.73. If the news is strongly bullish, it is possible that the $25 level could be taken out on the upside. Next resistance above $25 would be at $26.80 and then at $27.40. Both of those levels were the brief highs in 2012. The $30.50 level would be next major resistance if $27.40 were taken out on the upside.
05:32 EDTMGIMoneyGram renews agreement with Bimedia
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June 16, 2015
12:40 EDTJBLJabil Circuit June volatility increases into Q3 and outlook
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