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Stock Market & Financial Investment News

News Breaks
March 25, 2014
10:07 EDTBDN, SAPE, CVG, EPE, DYAX, WRE, VRNS, NPSP, FSFR, ASPS, GOV, FPO, SAVE, FEYE, AFOP, BYD, HIWOn The Fly: Analyst Initiation Summary
Alliance Fiber Optic (AFOP) initiated with a Buy at Needham... Convergys (CVG) initiated with a Buy at SunTrust... Fifth Street Senior (FSFR) initiated with a Buy at UBS... FireEye (FEYE) initiated with an In-Line at Imperial Capital... NPS Pharmaceuticals (NPSP) initiated with a Buy at Goldman... Sapient (SAPE) initiated with a Buy at SunTrust... Spirit Airlines (SAVE) initiated with a Buy at SunTrust... Varonis (VRNS) initiated with a Buy at Jefferies... Brandywine Realty (BDN) initiated with a Buy at MLV & Co.... First Potomac (FPO) initiated with a Buy at MLV & Co.... Washington REIT (WRE) initiated with a Buy at MLV & Co.... Highwoods Properties (HIW) initiated with a Hold at MLV & Co.... Government Properties (GOV) initiated with a Hold at MLV & Co.... Spirit Airlines (SAVE) initiated with a Buy at CRT Capital... Dyax (DYAX) initiated with an Outperform at RBC Capital... Boyd Gaming (BYD) initiated with a Hold at Ascendiant... Altisource Solutions (ASPS) initiated with a Neutral at Sterne Agee... Varonis (VRNS) initiated with an Equal Weight at Morgan Stanley... EP Energy (EPE) initiated with a Buy at Jefferies.
News For AFOP;FSFR;CVG;FEYE;NPSP;SAPE;SAVE;VRNS;BDN;FPO;WRE;HIW;GOV;DYAX;BYD;ASPS;EPE From The Last 14 Days
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December 9, 2014
16:28 EDTSAVEOn The Fly: Closing Wrap
Stocks on Wall Street opened in the red on the heels of a sharp sell-off in China and amid continued concern over tumbling oil prices. The domestic economic calendar offered little in the way of a catalyst and the market moved in a narrow range throughout the morning. However, the averages began to pare their losses once the European markets closed. By mid-afternoon the averages had turned mixed with the Nasdaq higher, the S&P flat, and the Dow the laggard, which is the way the trading day closed. ECONOMIC EVENTS: In the U.S., the National Federation of Independent Business' optimism index rose to 98.1 from a prior reading of 96.1. The JOLTS report showed job openings increased 149K to 4.83M in October, which was above the expectation for 4.795M openings. Wholesale sales increased 0.2% in October and inventories grew 0.4%, both of which were better than expected. In Asia, China's Shanghai composite index plunged 5.4%, making for the stock market's sharpest selloff in years, after the country’s securities clearing house raised the threshold for the type of collateral used for short-term loans and policymakers warned about potentially slower economic growth. In Europe, Greek stocks and bonds also tumbled after a move to bring forward presidential elections, which could potentially derail Greece’s bailout and austerity efforts. COMPANY NEWS: Verizon (VZ) was among the Dow's worst performers, sinking $1.98, or 4.05%, to $46.92 after the company warned that Q4 impacts of its promotional offers, together with the strong customer volumes this quarter, will put short-term pressure on its earnings per share. After last night's commentary from the company, Robert W. Baird downgraded Verizon shares to Neutral from Outperform and lowered its price target on the stock to $50 from $54... Merck (MRK) also weighed on the Dow, as the drugmaker fell $1.87, or 3.02%, to $60.01 after a Delaware court denied Cubist's (CBST) bid to stop Hospira (HSP) from selling a generic version of Cubicin in 2016. Merck announced just yesterday morning that it had agreed to buy Cubist in a transaction with a total value of approximately $9.5B. The news is a "tough start" to Merck's takeover and makes the $9.5B buyout price look $2B to $3B too high, according to analysts at Leerink. Shares of Cubist also fell $xxx, or xxx%, to $xxx following the court ruling. MAJOR MOVERS: Among the notable gainers was bluebird bio (BLUE), which surged $35.39, or 72.39%, to $84.28 after the company announced data from eight subjects treated with its LentiGlobin drug product and Piper Jaffray more than doubled its price target for the shares to $112 from $52. Among the noteworthy losers was Conn's (CONN), which plunged $14.26, or 40.64%, to $20.83 after unexpectedly reporting losses for its third fiscal quarter, withdrawing its FY15 guidance and announcing the departure of its CFO. Also lower was Spirit Airlines (SAVE), which slid $10.70, or 12.67%, to $73.77 after the company said last night that since late October there has been compression in the fare structure for close-in bookings, believed to be driven by the industry’s willingness to trade lower fuel prices for lower fares. Also, this morning, Raymond James downgraded Spirit Airlines to Market Perform from Outperform, citing valuation, European deflation headwinds, and earnings that are still being revised down. INDEXES: The Dow fell 51.28, or 0.29%, to 17,801.20, the Nasdaq rose 25.77, or 0.54%, to 4,766.46, and the S&P 500 slipped 0.49, or 0.02%, to 2,059.82.
15:32 EDTSAVESpirit Airlines sinks after downgrade, trades off lows
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10:23 EDTSAVEOn The Fly: Analyst Downgrade Summary
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10:19 EDTSAVEHigh option volume stocks
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10:08 EDTSAVEHigh option volume stocks
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09:03 EDTSAVESpirit Airlines downgraded at Raymond James
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08:52 EDTSAPEPublicis extends tender offer to acquire Sapient
Publicis Groupe S.A. (PUBGY) announced that it has extended its previously announced tender offer to purchase all of the outstanding shares of common stock of Sapient (SAPE) for $25.00 per share in cash. The Offer will now expire at the end of the day, immediately after 11:59 p.m., New York City time, on December 23, unless it is further extended. All other terms and conditions of the Offer remain unchanged.
06:09 EDTSAVESpirit Airlines downgraded to Market Perform from Outperform at Raymond James
06:08 EDTFEYEFireEye announces partnership with Deutsche Telekom
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December 8, 2014
18:24 EDTSAVEOn The Fly: After Hours Movers
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16:36 EDTSAVESpirit Airlines sees compression in fare structure for close-in booking
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16:33 EDTSAVESpirit Airlines backs Q1 adjusted operating margin view of about 20%
16:32 EDTSAVESpirit Airlines sees Q4 adjusted operating margin 18%-19%
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16:30 EDTSAVESpirit Airlines November traffic increased 15.7%
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09:54 EDTFEYEFireEye calls active on renewed takeover chatter
FireEye December 31 and January 33 calls are active on 6300 contracts (800 puts) on renewed takeover chatter. December weekly call option implied volatility is at 67, December is at 53 compared to its 26-week average of 57 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
09:40 EDTFEYERumor: FireEye moves up on renewed takeover chatter
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07:28 EDTFEYEFBN Securities to hold a bus tour
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December 5, 2014
10:00 EDTFEYEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Acorda Therapeutics (ACOR) initiated with a Neutral at Goldman... Builders FirstSource (BLDR) initiated with a Neutral at Sterne Agee... CSI Compressco (CCLP) initiated with a Buy at Stifel... California Resources Corp. (CRC) initiated with a Market Perform at Raymond James... Castlight Health (CSLT) initiated with an Equal Weight at First Analysis... DCP Midstream (DPM) initiated with a Buy at MLV & Co.... DSP Group (DSPG) initiated with an Outperform at Imperial Capital... Edwards Lifesciences (EW) initiated with an Outperform at Bernstein... EnLink Midstream (ENLK) initiated with a Buy at MLV & Co.... Facebook (FB) initiated with a Buy at MKM Partners... FireEye (FEYE) initiated with a Market Perform at JMP Securities... FleetCor (FLT) initiated with a Buy at Deutsche Bank... Imperva (IMPV) initiated with a Buy at Nomura... Keryx (KERX) initiated with an Outperform at Cowen... Knowles (KN) initiated with a Market Perform at FBR Capital... Marlin Midstream (FISH) initiated with a Buy at MLV & Co.... Paragon Offshore (PGN) initiated with a Sector Perform at Iberia... PepsiCo (PEP) initiated with a Buy at Evercore ISI... Proofpoint (PFPT) initiated with a Buy at Nomura... Relypsa (RLYP) initiated with an Outperform at Oppenheimer... Rocket Fuel (FUEL) initiated with a Sell at Maxim... Sprouts Farmers Markets (SFM) initiated with an Underperform at Longbow... Summit Midstream (SMLP) initiated with a Buy at MLV & Co.... TubeMogul (TUBE) initiated with a Buy at Maxim... Western Gas Partners (WES) initiated with a Buy at MLV & Co.
06:21 EDTFEYEFireEye initiated with a Market Perform at JMP Securities
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December 4, 2014
06:48 EDTFEYESony denies North Korea identified as source of hack, NY Times says
Sony's (SNE) Sony Pictures unit said Re/code's report which stated that North Korea had been identified as the source of the cyber attack on the unit was not accurate, according to The New York Times. Sony Pictures and the FBI are continuing to identify the incident, the newspaper added. Publicly traded cybersecurity companies include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).Reference Link
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