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April 25, 2014
10:01 EDTUSG, SZEVY, UN, LTM, HSBC, FITB, COG, AMZN, LAMR, GM, ERIC, BRCM, AET, LLTC, KLAC, FBC, DWA, ADIOn The Fly: Analyst Downgrade Summary
Aetna (AET) downgraded to Neutral from Buy at Citigroup... (AMZN) downgraded to Outperform from Strong Buy at Raymond James... Analog Devices (ADI) downgraded to Neutral from Buy at Citigroup... Broadcom (BRCM) downgraded at Needham... Cabot Oil & Gas (COG) downgraded to Accumulate from Buy at KLR Group... DreamWorks Animation (DWA) downgraded to Sell from Hold at Topeka... Ericsson (ERIC) downgraded to Hold from Buy at Argus... Fifth Third Bancorp (FITB) downgraded at BMO Capital... Flagstar Bancorp (FBC) downgraded to Neutral from Buy at Compass Point... General Motors (GM) downgraded to Hold from Buy at Craig-Hallum... HSBC (HSBC) downgraded to Underweight from Equal Weight at Morgan Stanley... KLA-Tencor (KLAC) downgraded to Neutral from Buy at B. Riley... Lamar Advertising (LAMR) downgraded to Neutral from Outperform at Wedbush... Life Time Fitness (LTM) downgraded at Oppenheimer... Linear Technology (LLTC) downgraded to Neutral from Buy at Citigroup... Suez Environnement (SZEVY) downgraded to Equal Weight from Overweight at Morgan Stanley... USG (USG) downgraded to Neutral from Buy at Longbow... Unilever (UN) downgraded to Equalweight from Overweight at Barclays.
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November 16, 2015
09:59 EDTGMOmega bought Valeant in Q3, sold some SuneEdison
Leon Cooperman's Omega Advisors gave a quarterly update on its stakes in a filing this morning, disclosing its positions as of September 30. NEW STAKES: Pfizer (PFE), Valeant (VRX) Walgreens Boots Alliance (WBA), TerraForm Global (GLBL), Cigna (CI). INCREASED STAKES: Google Class A (GOOGL), Facebook (FB), Delta Air Lines (DAL). DECREASED STAKES: SunEdison (SUNE), Shire (SHPG), Citi (C), KAR Auction (KAR), LyondellBasell (LYB). LIQUIDATED STAKES: McKesson (MCK), 21st Century Fox (FOXA), General Motors (GM), QEP Resources (QEP), eBay (EBAY).
09:37 EDTAMZNActive equity options trading on open
Active equity options trading on open: AAPL FB ORCL BAC SUNE FDX FCX EXPE NFLX MU AMZN INTC TSLA
09:33 EDTAMZNeBay second week of November SSS up 0.4%, ChannelAdvisor says
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09:01 EDTERICOoredoo Gropu signs 5-year frame agreement with Ericsson
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08:44 EDTAMZNGerman watchdog launches probe into Apple, Amazon audio books pact, Reuters says
Germany's Federal Cartel Office has initiated a probe into Apple's (AAPL) arrangement with Amazon (AMZN) for buying audiobooks, Reuters reports. The watchdog said that both companies had a long-term agreement for the purchase of audio books by Apple from Amazon via Apple's iTunes, the report says. Reference Link
07:36 EDTGMBerkshire Hathaway discloses new AT&T stake in quarterly update
Berkshire Hathaway gave a quarterly update on its stakes in a filing this morning. NEW STAKES: AT&T (T), Kraft Heinz (KHC), Liberty Lilac Group (LILA). INCREASED STAKES: Phillips 66 (PSX), Charter (CHTR), Liberty Media (LMCK), Suncor (SU), General Motors (GM). DECREASED STAKES: Goldman Sachs (GS), Wal-Mart (WMT), Deere (DE), Chicago Bridge & Iron (CBI), WABCO (WBC). LIQUIDATED STAKES: Viacom (VIAB).
05:26 EDTERICEricsson CEO says no talks with Cisco about merger or acquisition
Ericsson (ERIC) has noted the recent speculation in the press and financial markets regarding an interest by Cisco (CSCO) to acquire Ericsson. On November 9, the two companies announced a global business and technology partnership to create the networks of the future. The partnership announcement was supported by multiple agreements that include commitments to network transformation through reference architectures and joint development, systems-based management and control, a broad reseller agreement, and collaboration in key emerging market segments. President, CEO and member of the board, Hans Vestberg says: "We note that there are rumors in the market regarding an acquisition of Ericsson by Cisco possibly spurred by the recent announcement of a partnership between our two companies. The talks leading up to the partnership announcement have been ongoing for a year and there have not been any discussions whatsoever on a merger or an acquisition."
November 15, 2015
17:25 EDTGMUAW union in talks with General Motors regarding proposed agreement
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November 13, 2015
17:22 EDTERICCisco refutes report of interest in buying Ericsson, Bloomberg says
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16:40 EDTGMAppaloosa gives quarterly update on stakes
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16:26 EDTAMZNStocks end week lower as retail gets routed
Stocks ended the week sharply lower after weak retail earnings reports, highlighted by Macy's (M), were followed by a worse than expected government report on retail sales performance in October. MACRO NEWS: In the U.S., retail sales rose 0.1% in the month of October, versus expectations for an increase of 0.3%. When autos and gas are removed, the core reading was up 0.3%, versus expectations for a rise of 0.4%. Producer prices fell 0.4%, versus expectations for them to be up 0.2%. When food and energy are removed, the core reading was down 0.3%, versus expectations for it to be up 0.1%. Business inventories grew 0.3% in September while sales were flat compared to August. Consumer sentiment, as measured by the preliminary print from the University of Michigan survey, improved 3.1 points to 93.1 in November, which was better than the 91.5 reading that was expected. In Europe, data showed that eurozone's economy grew by just 0.3% in the third quarter, which was a slowdown from the 0.4% GDP growth recorded three months earlier and weaker than the 0.4% consensus growth forecast. In China, exports declined for a fourth straight month in October, sliding 3.6%, while imports fell for a 12th straight month, declining 16% in yuan terms. China's foreign-exchange reserves rose in October for the first time in six months, increasing to $3.53T from $3.51T at the end of September, the People's Bank of China reported. Industrial output in China rose 5.6% in October, matching March's reading as the weakest since 2008. Retail sales climbed 11% last month, beating expectations. COMPANY NEWS: Shares of retailers broadly declined following disappointing earnings reports and commentary from a number of department store operators, including Macy's, Nordstrom (JWN) and J.C. Penney (JCP). Weather was cited by a number of them, and analysts also pointed to the continued rise in competition felt by brick-and-mortar retailers from e-commerce players, mainly (AMZN)... Among earnings reporters outside of the retail sector, Viacom (VIAB) and Rackspace (RAX) rose immediately following their reports, while Cisco (CSCO), Priceline (PCLN), Hertz (HTZ), and Advance Auto Parts (AAP) fell right after their own... During the company's investor meeting, McDonald's (MCD) raised its global refranchising target to 4,000 restaurants through 2018 with a new long-term goal to become 95% franchised, announced plans to increase its dividend by 5% and said that after "robust" debate it had decided to not pursue a REIT spin-off transaction for its real estate holdings... Anheuser-Busch InBev (BUD) and SABMiller (SBMRY) came to terms on a deal to combine the companies in a transaction worth $107B. In relation to their deal, Molson Coors (TAP) agreed to purchase SABMiller's 58% stake in MillerCoors, the joint venture formed in the United States in 2008, in a deal valued at $12B. Molson Coors was the biggest winner in terms of percentage stock gains immediately following the announcements, rising over 4% on Wednesday... Mylan (MYL) jumped after the company's offer to acquire Perrigo (PRGO) failed, ending a seven-month fight between the two drugmakers. Perrigo Chief Executive Officer Joseph Papa said he was "delighted" that his company's shareholders rejected the offer and the company added that it will immediately commence its previously announced $2B share buyback program, but its shares slid in the wake of the shareholder vote... PayPal (PYPL) shares saw three straight days of losses after the Wall Street Journal reported that Apple (AAPL) is working on a mobile payments service that could compete with the firm's Venmo platform... Angie's List (ANGI) advanced after IAC/InterActiveCorp (IACI), the parent company of HomeAdvisor, made public a $8.75 per share cash buyout offer. Yelp (YELP), which also connects people with local businesses via its web-based and mobile services, also rose following the revelation of the takeout bid for Angie's List... Alibaba Group (BABA) reported blockbuster sales for the 11.11 shopping festival, better known as "Singles' Day." By the end of Wednesday in China, gross merchandise volume on Alibaba's platforms hit $14.3B, far exceeding last year's 24-hour total of $9.3B and topping the company's $11B forecast. INDEXES: The Dow lost about 3.7% to close at 17,245.24, the S&P 500 fell about 4.25% to close at 2,023.04, and the Nasdaq declined about 3.6% to close at 4,927.88.
16:00 EDTAMZNOptions Update; November 13, 2015
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15:46 EDTERICCisco rejects Ericsson takeover speculation, Bloomberg says
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15:21 EDTERICDagens Industri says Cisco seeking to buy Ericsson, Bloomberg reports
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12:34 EDTGMCaterpillar, General Motors, Altria Group are market beaters, Barron's says
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09:35 EDTAMZNActive equity options trading on open
Active equity options trading on open: AAPL CSCO FB BAC BABA MSFT NFLX INTC JCP AMZN C
07:37 EDTAMZNAmazon Pantry launches for U.K. Prime users, Next Web reports
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07:29 EDTERICCisco results can still improve, says Wells Fargo
After Cisco (CSCO) provided weaker than expected Q2 guidance, Wells Fargo still thinks the company's results can improve in 2H15 and 2016, partly due to improvements in switching, E-rate tailwinds, and the recovery of slipped routing deals and contributions from new partnerships with Ericsson (ERIC) and Inspur. Wells keeps an Outperform rating on Cisco.
06:33 EDTAMZNAmazon, Alibaba approached Wish over possible takeover, Business Insider reports
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06:07 EDTHSBCHSBC names AXA CEO, former Diageo CEO to board
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