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Stock Market & Financial Investment News

News Breaks
September 26, 2012
10:32 EDTSNDK, PCAR, MKTX, TXN, SNX, ORCL, HOMB, SIAL, PSA, MRVL, GTAT, CHK, AF, EPL, CCL, GEVO, EA, BRSOn 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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August 24, 2015
11:40 EDTGEVOGevo path to commercialization sped up by patent deal, says Rodman & Renshaw
Rodman & Renshaw believes the settlement agreement entered into between Gevo and Butamax not only removes the overhang and uncertainty that was hampering Gevo's marketing efforts for bio-based isobutanol, but also immediately frees up litigation dollars that can be used for better purposes. The firm reiterates its Buy rating and $5 price target on Gevo shares.
09:23 EDTGEVOGevo, Butamax enter global patent cross-license, settlement agreements
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August 23, 2015
14:06 EDTCCLCruise industry headed for jump in profits, Barron's says
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August 21, 2015
07:05 EDTCHKChesapeake reports notice of proposed voluntary dismissal of derivative action
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August 20, 2015
11:49 EDTORCLOptions with increasing implied volatility
Options with increasing implied volatility: SRPT ACHN VIAV ZG RAD DIS ORCL SPY XLF OEX
08:32 EDTORCLOracle agrees to acquire Maxymiser
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August 19, 2015
16:00 EDTCHKOptions Update; August 19, 2015
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14:32 EDTMRVLMarvell August volatility elevated into Q2 and outlook
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10:00 EDTGEVOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Biocept (BIOC) initiated with a Buy at H.C. Wainwright... C.H. Robinson (CHRW) initiated with a Buy at Evercore ISI... Chipotle (CMG) initiated with a Hold at Maxim... Con-way (CNW) initiated with a Buy at Evercore ISI... Dermira (DERM) initiated with an Outperform at Cowen... Expeditors (EXPD) initiated with a Hold at Evercore ISI... Fleetmatics (FLTX) initiated with an In-Line at Imperial Capital... Frontier Communications (FTR) initiated with an Overweight at Stephens... Gevo (GEVO) initiated with a Buy at Rodman & Renshaw... International Game (IGT) initiated with a Sell at Goldman... Knight Transportation (KNX) initiated with a Buy at Evercore ISI... Logitech (LOGI) initiated with a Buy at Rosenblatt... Navistar (NAV) initiated with a Neutral at Macquarie... Panera Bread (PNRA) initiated with a Hold at Maxim... Scientific Games (SGMS) initiated with a Sell at Goldman... Swift Transport (SWFT) initiated with a Hold at Evercore ISI... Tribune Media (TRCO) initiated with an Equal Weight at Morgan Stanley... WEX Inc. (WEX) initiated with an Equal Weight at Barclays... Zoe's Kitchen (ZOES) initiated with a Buy at Maxim.
10:00 EDTMRVLOn The Fly: Analyst Upgrade Summary
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07:14 EDTMRVLMarvell upgraded to Buy from Neutral at Ladenburg
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07:09 EDTGEVOGevo initiated with a Buy at Rodman & Renshaw
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August 18, 2015
18:30 EDTTXNChip makers advance after Analog Devices reports Q3 financial results
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16:00 EDTCHKOptions Update; August 18, 2015
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10:00 EDTSNDKOn The Fly: Analyst Downgrade Summary
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09:23 EDTSNDKOn The Fly: Pre-market Movers
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07:27 EDTSNDKSanDisk downgraded to Underperform on industry capex increases at BofA/Merrill
BofA/Merrill downgraded SanDisk two notches to Underperform from Buy and lowered its price target to $40 from $75. The firm is more cautious on the memory chip sector given new developments of SK Group's "significantly higher capex budget" and Micron's unexpected FY16 capex hike. BofA/Merrill said excess capacity is now a concern and cut long-term earnings estimates for most memory chip stocks.
August 17, 2015
18:14 EDTHOMBHome Bancshares names John Tipton COO
Home BancShares, and its wholly-owned subsidiary, Centennial Bank, announced its board has named John "Stephen" Tipton as COO of Home and Centennial, effective August 17. Tipton previously served as a Regional Vice President of Centennial.
11:11 EDTSNDKAnalysts split on Micron after analyst day
Analysts were divided on the outlook for flash memory product maker Micron (MU) following its analyst day. Wells Fargo upgraded the stock to Market Perform from Underperform and Piper Jaffray said that the stock was unlikely to drop much further. However, Bank of America/Merrill and Wedbush cut their rating on the shares to Neutral from Buy. UPGRADE: Wells Fargo upgraded Micron to Market Perform from Underperform. Following the stock's decline over the last few months, the shares "reflect a more realistic view" of the flash memory sector's outlook, the firm stated. Additionally, the sector's financial condition has improved in recent years, which should boost the sector's profits and margins over the longer term, Wells Fargo stated. However, the firm still believes that the company is facing several risks, including falling prices for DRAM, a widespread form of flash memory, and its rising capital spending. Although Micron is facing "challenging near-term conditions," including a weak PC market, the company outlined many positive aspects of its business, according to Piper Jaffray analyst Ruben Roy. The longer term trends for the flash memory sector remain positive, as consolidation, low supply growth and diversifying demand should increase the profits of suppliers, Roy believes. And although Micron said its capital spending would be above expectations, Roy expects these investments to help the company enhance its manufacturing process and efficiency, boosting its performance over the longer term. Micron may miss estimates in the short-term but its share price is unlikely to drop much further, and its performance should improve significantly next year, according to Roy. He kept an Overweight rating on the stock. BEARISH TAKE: The DRAM supply/demand dynamic probably won't improve and Micron's cost reductions probably won't outpace price declines until mid-2016, according to Wedbush analyst Betsy Van Hees. Although Van Hees believes that the company's spending will help it over the longer term, she forecast that the stock would "continue to struggle" until the DRAM supply/demand dynamic stabilizes. The analyst cut her price target on the name to $19 from $26. Micron's decision to raise its capital spending suggests that it is "overconfident" in its new chips, according to Bank of America/Merrill Lynch analyst Simon Dong-je Woo. The margins on the new chip "could easily" be negative, the analyst believes. Woo thinks that Micron's capital expenditures next year should be $3B-$4B versus the company's guidance of $5.3B-$5.8B. The analyst's target on the name fell to $19 from $28.40. PRICE ACTION: In late morning trading, Micron lost 0.2% to $17. Earlier the stock reached a new 52-week low of $16.12. The shares of another flash memory product maker, SanDisk (SNDK), were flat at $58.
08:01 EDTBRSBristow Group appoints Don Miller as CFO effective immdiately
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