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Stock Market & Financial Investment News

News Breaks
September 26, 2012
10:32 EDTTXN, SIAL, SNDK, SNX, PSA, PCAR, ORCL, MRVL, MKTX, HOMB, GEVO, GTAT, EPL, EA, CHK, CCL, BRS, AFOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Astoria Financial (AF) downgraded to Underperform from Market Perform at Keefe Bruyette... Bristow Group (BRS) downgraded to Sell from Neutral at Goldman... Carnival (CCL) downgraded to Hold from Buy at Jefferies... Chesapeake (CHK) downgraded to Hold from Buy at Stifel Nicolaus... Electronic Arts (EA) downgraded to Neutral from Buy at BofA/Merrill... Energy Partners (EPL) downgraded to Hold from Buy at Stifel Nicolaus... GT Advanced (GTAT) downgraded to Hold from Buy at Canaccord... Gevo (GEVO) downgraded to Sell from Buy at UBS... Home Bancshares (HOMB) downgraded to Hold from Buy at Stifel Nicolaus... MarketAxess (MKTX) downgraded to Underperform from Neutral at Credit Suisse... Marvell (MRVL) downgraded to Hold from Speculative Buy at Canaccord... Oracle (ORCL) downgraded to Neutral from Overweight at Atlantic Equities... Paccar (PCAR) downgraded to Neutral from Outperform at RW Baird... Public Storage (PSA) downgraded to Market Perform from Outperform at Raymond James... SYNNEX (SNX) downgraded to Buy from Strong Buy at Needham... SanDisk (SNDK) downgraded to Market Perform from Outperform at JMP Securities... Sigma-Aldrich (SIAL) downgraded to Neutral from Buy at UBS... Texas Instruments (TXN) downgraded to Perform from Outperform at Oppenheimer.
News For AF;BRS;CCL;CHK;EA;EPL;GTAT;GEVO;HOMB;MKTX;MRVL;ORCL;PCAR;PSA;SNX;SNDK;SIAL;TXN From The Last 14 Days
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September 19, 2014
06:16 EDTORCLOracle downgraded to Hold from Buy at Deutsche Bank
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September 18, 2014
18:25 EDTORCLOn The Fly: After Hours Movers
HIGHER: Concur (CNQR), up 19.5% after SAP (SAP) announced that it will acquire the company for $129 per share... Navidea Biopharmaceuticals (NAVB), up 9.8% after confirming FDA orphan designation for Lymphoseek... Molycorp (MCP), up 6.1% after Oaktree Capital reported a 9.1% passive stake in the company... JetBlue (JBLU), up 4.6% following CEO transition announcement... Wendy's (WEN), up 2.15% after Trian reported a 24.39% stake in the company... Sears Holdings (SHLD), up 2.6% after Fairholme Capital reported a 24% stake in the company... AMD (AMD), up 1% after announcing that it expanded an IP partnership with Synopsys (SNPS). DOWN AFTER EARNINGS: Red Hat (RHT), down 3%... Oracle (ORCL), down 2.4% following first quarter earnings miss and CEO transition... Tibco Software (TIBX), down 5.5%. ALSO LOWER: Quest Resource (QRHC), down 13.4% after filing an automatic common stock and warrant shelf... Eagle Rock (EROC), down 4.5% after filing to sell 53.34M common units for limited partners... Chatham Lodging (CLDT), down 3.3% after filing to sell 5M shares of common stock... Glu Mobile (GLUU), down 2.3% after filing to sell 9.98M shares of common stock for holders... Blackstone Mortgage (BXMT), down 1.6% after filing to sell 8M shares of common stock.
17:23 EDTORCLOracle sees Q2 adjusted EPS 66c-70c, consensus 74c
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16:33 EDTTXNTexas Instruments increases quarterly dividend 13% to 34c from 30c
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16:24 EDTGEVOGevo begins to produce, ship isobutanol in railcar volumes
Gevo reported an update on the progress of the Side-by-Side operational mode, or SBS, of its plant in Luverne, MN. With the completion of the last phase of capital for SBS, Gevo has begun to produce and ship isobutanol in railcar volumes. In its Q2 quarter earnings release, Gevo reported that it would be installing distillation equipment at the plant, representing the final phase of capital for the SBS. This equipment facilitates the extraction of isobutanol from the plant, which should enable Gevo to boost production levels of isobutanol by debottlenecking the downstream side of the plant. This distillation equipment was commissioned in early September and is already showing improved results at the plant, such as a doubling of isobutanol batch sizes, a 50% reduction in isobutanol batch turnaround times, consistent yields of >90% based on starch content, and a continued decrease in isobutanol production costs towards targeted economic rates. "By installing the last phase of capital at Luverne, we remain confident that we will be able to achieve production levels of 50K-100K gallons of isobutanol per month by the end of 2014. As we continue to learn and optimize the isobutanol production process, we believe we can ultimately increase our production rate to approximately 2M-3M gallons of isobutanol per annum under the SBS, while we are producing ethanol in the other three fermenters," said CEO Patrick Gruber.
16:07 EDTORCLOracle says rolling out database cloud service next week
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16:06 EDTORCLOracle reports Q1 Software plus Cloud revenue up 6% to $6.6B
Oracle reports Q1 total Software plus Cloud revenue was up 6% to $6.6B. Software-as-a-service and Platform-as-a-service cloud revenue was up 32% to $337M. Infrastructure-as-a-service cloud revenue was up 26% to $138M. Hardware systems revenue was down 8% to $1.2B. Reports Q1 non-GAAP operating margin was 44%.
16:04 EDTORCLOracle adds $13B to buyback authorization
Oracle announced that its Board of Directors authorized the repurchase of up to an additional $13.0B of common stock under its existing share repurchase program in future quarters. Oracle's Board also declared a quarterly cash dividend of 12c per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on October 8, with a payment date of October 29.
16:03 EDTORCLOracle adds $13B to buyback authorization
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16:02 EDTORCLOracle drops 3.7% after earnings miss, Ellison steps down as CEO
16:02 EDTORCLOracle reports Q1 adjusted EPS 62c, consensus 64c
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16:01 EDTORCLOracle CEO Larry Ellison steps down from post, named executive chair, CTO
Oracle's Board of Directors announced that it has elected Larry Ellison to the position of Executive Chairman of Oracle's Board and appointed him the company's Chief Technology Officer. Jeff Henley, who has served as Oracle's Chairman for the last 10 years, was appointed Oracle's Vice Chairman of the Board. The Oracle Board also promoted both Safra Catz and Mark Hurd to the position of CEO, Oracle Corporation. All manufacturing, finance, and legal functions will continue to report to Oracle CEO, Safra Catz. All sales, service and vertical industry global business units will continue to report to Oracle CEO, Mark Hurd. All software and hardware engineering functions will continue to report to Oracle Chairman and CTO, Larry Ellison.
16:00 EDTORCLOracle CEO Larry Ellison steps down from post, named executive chair, CTO
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15:15 EDTORCLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Oracle (ORCL), consensus 64c; Red Hat (RHT), consensus 38c; TIBCO Software (TIBX), consensus 18c.
14:58 EDTORCLOracle September 41.5 straddle priced for 3.4% move into Q1
14:54 EDTORCLOracle technical comments ahead of results
In the past three months the stock has underperformed, falling by over 3%. The trading in shares has been relatively volatile, but within a narrow range largely contained by $40 at the low and $42 at the high. If the news is stronger than expected, particularly where outlook is concerned, there could be a run to the 52-week high at $43.19. That high is very close to the life highs for the shares at $46.18. We could see a range open up between the 52-week high and the life high if news exceeds expectations. If the news fails to meet investor expectations, a test down to the $40 area would appear very likely. A break below $40 would see next support at $38.34 and then at $37.08. The stock can be volatile around earnings, but gaps tend to be relatively small unless estimates are broken in extreme fashion, in either direction.
12:58 EDTORCLEarnings Preview: Morgan Stanley views Oracle's Q1, Q2 estimates as 'achievable'
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10:05 EDTPCARPACCAR management to meet with Piper Jaffray
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07:33 EDTMKTXUBS to hold a conference
FinTech Conference to be held in New York on September 18.
07:04 EDTSIALSigma-Aldrich partners with University of Michigan
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