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Stock Market & Financial Investment News

News Breaks
January 27, 2014
10:00 EDTAGI, SMI, HAFC, FMBI, XOOM, SALE, PB, POT, BTU, MHK, MTH, MRK, MTG, HON, EIX, ETFC, ATLS, KSUOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alamos Gold (AGI) upgraded to Outperform from Sector Perform at RBC Capital... Atlas Energy (ATLS) upgraded to Outperform from Neutral at RW Baird... E-Trade (ETFC) upgraded to Outperform from Market Perform at JMP Securities... Edison International (EIX) upgraded to Hold from Underperform at Jefferies... Honeywell (HON) upgraded to Buy from Hold at Lagenberg... MGIC Investment (MTG) upgraded to Outperform from Market Perform at JMP Securities... Merck (MRK) upgraded to Overweight from Underweight at Morgan Stanley... Meritage Homes (MTH) upgraded to Overweight from Equal Weight at Barclays... Mohawk (MHK) upgraded to Overweight from Neutral at JPMorgan... Peabody (BTU) upgraded to Neutral from Underperform at BofA/Merrill... Potash (POT) upgraded to Outperform from Market Perform at Raymond James... Prosperity Bancshares (PB) upgraded to Outperform from Market Perform at BMO Capital... RetailMeNot (SALE) upgraded to Buy from Neutral at Goldman... Xoom (XOOM) upgraded to Strong Buy from Market Perform at Raymond James... First Midwest (FMBI) upgraded to Outperform from Market Perform at Fig Partners... Hanmi Financial (HAFC) upgraded to Outperform from Market Perform at Keefe Bruyette... Semiconductor Manufacturing (SMI) upgraded to Buy from Sell at UBS... Kansas City Southern (KSU) upgraded to Neutral from Underperform at Buckingham.
News For AGI;ATLS;ETFC;EIX;HON;MTG;MRK;MTH;MHK;BTU;POT;PB;SALE;XOOM;FMBI;HAFC;SMI;KSU From The Last 14 Days
Check below for free stories on AGI;ATLS;ETFC;EIX;HON;MTG;MRK;MTH;MHK;BTU;POT;PB;SALE;XOOM;FMBI;HAFC;SMI;KSU the last two weeks.
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August 31, 2014
14:07 EDTHONVertical Research Partners to hold a conference
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14:06 EDTFMBIRaymond James to hold a conference
U.S. Bank Conference to be held in Chicago on September 3.
14:04 EDTMRKWorldwide Business Research to hold a conference
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13:37 EDTKSU, HONCowen to hold a conference
7th Annual Global Transportation Conference & Aerospace/Defense Forum to be held in Boston on September 3-4.
13:20 EDTSALECitigroup to hold a conference
Global Technology Conference to be held in New York on September 2-4.
August 28, 2014
08:42 EDTSMISemiconductor Manufacturing sees $1.1B in foundry capex in 2014
In 2014, Semiconductor Manufacturing International plans to spend approximately $1.1B in capital expenditures for foundry operations, which are subject to adjustment based on market conditions. The capital expenditures are mainly for Semiconductor Manufacturing North China , the company’s majority owned subsidiary in Beijing, which is 55% funded by the company and 45% funded by other shareholders of the entity, the acquisition of used equipment for the company’s Shenzhen 8-inch fab, the product-mix change including conversion from 40/45nm to 28nm in the company’s Shanghai 12-inch fab, and the expansion of capacity in its Tianjin 8-inch fab from 39K to 42K. In addition, the company budgeted approximately $110M in 2014 as capital expenditures for non-foundry operations.
08:39 EDTSMISemiconductor Manufacturing reports 1H sales $962.4M vs. $1.04B last year
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August 27, 2014
09:53 EDTMRKOn The Fly: Analyst Initiation Summary
Bristol-Myers (BMY) initiated with a Hold at Deutsche Bank... ASML (ASML) initiated with a Hold at Stifel... Akamai (AKAM) initiated with an Outperform at RW Baird... Concur (CNQR) initiated with a Neutral at DA Davidson... CyrusOne (CONE) initiated with a Neutral at Citigroup... Eli Lilly (LLY) initiated with a Buy at Deutsche Bank... Garmin (GRMN) initiated with a Neutral at RW Baird... Merck (MRK) initiated with a Hold at Deutsche Bank... NetSuite (N) initiated with a Buy at DA Davidson... Oracle (ORCL) initiated with a Neutral at DA Davidson... Oxford Industries (OXM) initiated with a Buy at Wunderlich... Pfizer (PFE) initiated with a Buy at Deutsche Bank... ServiceNow (NOW) initiated with a Buy at DA Davidson... Workday (WDAY) initiated with a Neutral at DA Davidson... MannKind (MNKD) initiated with a Buy at Jefferies... STMicroelectronics (STM) initiated with an Underperform at Credit Suisse... Kirkland's (KIRK) initiated with an Outperform at Barrington.
07:45 EDTPBSterne Agee to hold a tour
Texas Bank Tour travels throughout Dallas visiting various banks on August 27-29.
06:42 EDTMRKMerck initiated with a Hold at Deutsche Bank
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August 26, 2014
08:01 EDTMRKPfizer, Merck to collaborate on study evaluating anti-cancer combination regimen
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August 25, 2014
16:13 EDTMRKOn The Fly: Closing Wrap
Stocks began the session in positive territory and proceeded to tack on gains throughout the morning. Despite a disappointing report on new home sales in July, the S&P surpassed the 2,000 level for the first time before noon. The market pared its gains shortly after the milestone was reached and drifted for the remainder of the session on light volume, as trading activity may be restrained all week ahead of the Labor Day weekend. ECONOMIC EVENTS: In the U.S., the Chicago Fed's National Activity index jumped to 0.39 in July from an upwardly revised 0.21 in June. Markit's preliminary August services PMI came in at 58.5, which was down from a prior reading of 60.8 but above the 58.0 consensus projection. New home sales dropped 2.4% to a 412K rate in July, missing expectations for them to have risen to a 430K annualized rate. COMPANY NEWS: Shares of InterMune (ITMN) surged $19.05, or 35.41%, to $72.85 after the company agreed to be acquired by Roche (RHHBY) for $74.00 per share in an all-cash transaction. The deal announcement comes less than two weeks after Bloomberg reported that Roche, along with big pharma peers Sanofi (SNY) and GlaxoSmithKline (GSK), had made takeover bids for the smaller drugmaker. A number of other biotech companies gained following the deal announcement, including bigger names like Gilead (GILD) and Celgene (CELG) and smaller ones such as Achillion Pharmaceuticals (ACHN) and Receptos (RCPT)... Burger King (BKW) shares rose $5.29, or 19.51%, to $32.40 after the company confirmed it is in talks regarding a potential strategic transaction with Canadian donut chain Tim Hortons (THI). Shares of Tim Horton's trading in New York also gained $11.88, or 18.91%, to $74.72 following the confirmation of news first reported by The Wall Street Journal. MAJOR MOVERS: Among the other notable gainers was Advaxis (ADXS), which advanced 75c, or 23.08%, to $4.00 after announcing it has entered into a clinical trial collaboration agreement with Merck (MRK). Also rising were shares of Comtech (CMTL), which jumped $1.70, or 4.84%, to $36.81 after Reuters said the company is working with Citigroup to explore a potential sale. Among the noteworthy losers was Chinese internet and software company Qihoo 360 Technology (QIHU), which fell $7.88, or 7.74%, to $93.87 despite reporting second quarter earnings and revenue that beat analysts' estimates. Also lower were shares of GrubHub (GRUB), which fell $3.60, or 8.42%, to $39.16 after filing to sell 10M shares of common stock. INDEXES: The Dow gained 75.65, or 0.44%, to 17,076.87, the Nasdaq rose 18.80, or 0.41%, to 4,557.35, and the S&P 500 advanced 9.54, or 0.48%, to 1,997.94.
09:11 EDTMRKOn The Fly: Pre-market Movers
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05:17 EDTMRKAdvaxis, Merck enter clinical trial collaboration agreement
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August 24, 2014
22:01 EDTHAFCSterne Agee to hold a tour
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August 22, 2014
10:01 EDTEIXOn The Fly: Analyst Upgrade Summary
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08:57 EDTEIXEdison International upgraded at BMO Capital
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06:31 EDTEIXEdison International upgraded to Outperform from Market Perform at BMO Capital
August 20, 2014
06:13 EDTAGIAlamos Gold receives final signatures approving Agi Dagi EIA
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August 19, 2014
09:07 EDTHONHoneywell company UOP selected by BW Offshore
UOP, a Honeywell company, announced that it has been selected by BW Offshore to remove contaminants from natural gas aboard a new Floating Production, Storage and Offloading, or FPSO, vessel off the coast of Scotland. The vessel, which will be leased to Premier Oil, will include a UOP Separex Membrane System to remove carbon dioxide.
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