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Stock Market & Financial Investment News

News Breaks
April 19, 2013
10:04 EDTDXPE, BBT, TEF, MMS, ETFC, SMS, VRTX, UBS, TOL, AN, NOK, NPTN, EWBC, OSTK, EE, AFOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Astoria Financial (AF) upgraded to Market Perform from Underperform at Keefe Bruyette... Autonation (AN) upgraded to Hold from Sell at Deutsche Bank... E-Trade (ETFC) upgraded to Market Perform from Underperform at Keefe Bruyette... El Paso Electric (EE) upgraded to Buy from Hold at Jefferies... Maximus (MMS) upgraded to Outperform from Market Perform at Raymond James... Overstock.com (OSTK) upgraded to Buy from Underperform at BofA/Merrill... Toll Brothers (TOL) upgraded to Outperform from Market Perform at Keefe Bruyette... UBS (UBS) upgraded to Buy from Hold at Deutsche Bank... Vertex (VRTX) upgraded to Buy from Hold at Canaccord... Telefonica (TEF) upgraded at Bernstein... BB&T (BBT) upgraded to Buy from Neutral at Hilliard Lyons... East West Bancorp (EWBC) upgraded to Outperform from Market Perform at Keefe Bruyette... DXP Enterprises (DXPE) upgraded to Buy from Neutral at Ascendiant Capital... NeoPhotonics (NPTN) upgraded to Buy from Hold at Needham... Sims Metal (SMS) upgraded to Buy from Neutral at BofA/Merrill... Overstock.com (OSTK) upgraded at BofA/Merrill... Nokia (NOK) upgraded to Market Perform from Underperform at BMO Capital.
News For AF;AN;ETFC;EE;TOL;MMS;OSTK;UBS;TEF;EWBC;VRTX;BBT;NPTN;SMS;DXPE;NOK From The Last 14 Days
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December 12, 2014
08:01 EDTVRTXPiper predicts two large-cap biotechs could be acquired in 2015
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December 11, 2014
13:40 EDTUBSEuro zone banks accepted $160B in low interest loans, NY Times says
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10:13 EDTTOLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARIAD (ARIA) downgraded at Credit Suisse... AbbVie (ABBV) downgraded to Equal Weight from Overweight at Morgan Stanley... Aimco (AIV) downgraded to Hold from Buy at KeyBanc... Anglo American (AAUKY) downgraded to Underperform from Neutral at Exane BNP Paribas... Approach Resources (AREX) downgraded at Sterne Agee... CommVault (CVLT) downgraded to Neutral from Outperform at Macquarie... Fifth Street Senior (FSFR) downgraded to Perform from Outperform at Oppenheimer... Harmonic (HLIT) downgraded to Neutral from Buy at Sidoti... Macerich (MAC) downgraded to Hold from Buy at Deutsche Bank... Newell Rubbermaid (NWL) downgraded to Outperform from Strong Buy at Raymond James... Olin Corp. (OLN) downgraded at Longbow... Penn West (PWE) downgraded to Underperform from Neutral at BofA/Merrill... Prudential plc (PUK) downgraded to Neutral from Buy at Nomura... Semiconductor Manufacturing (SMI) downgraded to Hold from Buy at Jefferies... Suncor (SU) downgraded to Neutral from Buy at BofA/Merrill... Talisman Energy (TLM) downgraded to Underperform from Neutral at BofA/Merrill... Thompson Creek (TC) downgraded to Hold from Buy at Deutsche Bank... Toll Brothers (TOL) downgraded to Underperform from Sector Perform at RBC Capital... Travelers (TRV) downgraded to Neutral from Buy at UBS... United Therapeutics (UTHR) downgraded at Credit Suisse... Vera Bradley (VRA) downgraded to Underperform from Neutral at Sterne Agee.
07:28 EDTVRTXCBI to hold a summit
2nd Specialty Data Optimization Summit is being held in Philadelphia on December 11.
07:23 EDTTOLToll Brothers downgraded to Underperform from Sector Perform at RBC Capital
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06:13 EDTTOLToll Brothers downgraded to Underperform from Sector Perform at RBC Capital
December 10, 2014
15:19 EDTTEFTelefonica, Oi, Claro to offer $15B for Tim Participacoes, Bloomberg says
Telefonica (TEF), Oi SA (OIBR), and America Movil (AMX, AMOV) owned Claro plan to team up on a takeover bid for Tim Participacoes (TSU) that would value it at about $15B, said Bloomberg, citing people with knowledge of the matter. Telecom Italia (TI), which owns 67% of Brazilís Tim Participacoes, believes Tim should be valued at about $25B or more, including debt, according to a person familiar with the matter, the report noted. Shares of Tim trading in New York are up about 6.6% to $23.69 in afternoon trading after rising as high as $26.54 immediately following the headlines from Bloomberg's report. Reference Link
14:57 EDTTOLToll Brothers says orders through first six weeks of Q1 up 16%
Says if order growth continues, FY15 results likely to come in at upper end of forecast. Says homebuyers still 'skittish.' Says expects housing recovery to be "bumpy." Says demand will come back when buyers no longer fear price drops. Says has pricing power in CA, NYC, Dallas. Says looking to expand City Living into new markets.
14:35 EDTTOLToll Brothers sees accelerating community count growth into FY16
Says "very excited" about FY16. Expects more community growth in FY15, FY16. Says lacks pricing power to improve margins. Says FY15 city living to fall roughly 15% in dollars. Says will be "opportunistic" in regard to share repurchases.
14:23 EDTTOLToll Brothers sees FY15 gross margins roughly flat vs. FY14
Sees 270-310 communities at end of FY15. Sees FY15 tax rate 36%. Sees drop in city living condo sales in FY15, but expects recovery in FY16. Expects improving operating margins, deliveries in FY16. Expects housing recovery to continue for many years. Comments from company's Q4 earnings conference call.
13:46 EDTTEFTim Participacoes jumps 10.7% to $24.59 after report of Telefonica-Oi offer
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13:45 EDTTEFTelefonica, Oi, Claro to offer $15B for Tim Participacoes, Bloomberg reports
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10:44 EDTBBTBB&T CEO says managing expenses in this environment 'really hard'
BB&T (BBT) says sees consumer, business confidence improving in 2015. Expects that 2015 will not be a "break out" year. Says still challenges to increase revenue in U.S. market. Says long-term goals include: Less-volatile results, growing dividends, capital return, growing share price. Sees "solid" revenue year in 2015, will remain "intensely focused" on expenses. Says managing expenses in this environment "really hard." Says "well prepared" to successfully execute on Susquehanna (SUSQ) acquisition. Says feels "substantially" better about global economy than last year, though notes that it has eroded "some" since last year in certain regions. Says regulators feeling "more comfortable with where banks are." Says dividends "really important" to company. Says capital request to be substantially higher in 2015, likely in the 60% range. Says not chasing growth for growth's sake. BB&T CEO Kelly King is presenting at the Goldman Sachs U.S. Financial Services Conference.
08:06 EDTETFCE-Trade announces November DARTs flat with year-ago period
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06:46 EDTTEFBT Group bid for O2 expected this week, Daily Mail says
BT Group's (BT) offer to acquire Q2 from Telefonica (TEF) could come as early as this week and sources stated that an offer is "imminent," reports Daily Mail, citing sources familiar with the talks. Reference Link
05:31 EDTTOLToll Brothers expects to deliver 5,000-6,000 homes in FY15
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05:25 EDTTOLToll Brothers reports Q4 EPS 71c, consensus 73c
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December 9, 2014
15:18 EDTTOLNotable companies reporting before tomorrow's open
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09:21 EDTTEFBT leaning toward O2 acquision over EE purchase, Bloomberg says
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December 5, 2014
13:26 EDTBBTComerica, BB&T, KeyCorp seen as potential activist targets, TheStreet says
The co-founder of PL Capital, Richard Lashley, expects shareholder activism to move from community banks to larger regional banks, including lenders like Comerica (CMA), BB&T Corp. (BBT), and KeyCorp (KEY), reported TheStreet, citing comments made during a panel on investment strategy during The Deal Economy Event at the Nasdaq Exchange. After the next presidential cycle, "When stress tests are done, when Basel is settled, and Congress will realize [the banks] have too much capital," Lashley expects more M&A in the sector, TheStreet quoted him as saying. Reference Link
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