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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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July 16, 2014
07:03 EDTMTGMGIC Investment reports Q2 new insurance written $8.3B
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07:02 EDTMTGMGIC Investment reports Q2 EPS 12c, consensus 14c
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06:26 EDTMRKBristol-Myers lung cancer trials being underestimated, says Citigroup
After building a statistical model of Bristol-Myers' two critical registration trials for Opdivo in lung cancer, Citigroup believes the market is "materially" underestimating both Phase III trials. Citi says potential Opdivo FDA approval in 2015 in lung cancer would give Bristol-Myers an up to two year lead time versus Merck (MRK) and Roche (RHHBY). The firm estimates 2023 Opdivo revenue at $7B and reiterates a Buy rating on Bristol with a $60 price target.
July 15, 2014
15:19 EDTMTGNotable companies reporting before tomorrow's open
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11:13 EDTMRKPerrigo retreats after analyst sees limited potential buyers
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08:11 EDTMRKMerck looks to revive livestock drug Zilmax, WSJ says
Merck has been preparing to conduct a large-scale study this summer to evaluate the safety of its Zilmax feed additive, which the company pulled from the U.S. market last year over concerns in the beef industry that the drug made it difficult for some animals to walk, reported The Wall Street Journal. Reference Link
07:35 EDTMRKPerrigo potential buyers list could be limited, says Jefferies
After Globes reported that Perrigo retained an investment bank to assist with a potential merger, Jefferies says the list of potential buyers could be limited since the store brand business is fundamentally a high volume, lower margin model. The firm notes U.S. companies that currently do not have large over-the-counter divisions include Bristol-Myers (BMY), Eli Lilly (LLY) and Merck (MRK). Jefferies views the merger speculation surrounding Perrigo as not surprising given the company's strong long-term fundamentals and attractive Irish domicile. It has a Buy rating on the stock with a $160 price target.
July 14, 2014
10:00 EDTETFCOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Ardelyx (ARDX) initiated with a Buy at Citigroup... Century Communities (CCS) initiated with an Overweight at JPMorgan... Charles Schwab (SCHW) initiated with a Buy at Jefferies... Diamondback Energy (FANG) initiated with a Neutral at Sterne Agee... E-Trade (ETFC) initiated with a Hold at Jefferies... Foresight Energy (FELP) initiated with an Overweight at Morgan Stanley... Global Logistics Properties (GBTZF) initiated with an Overweight at Barclays... Intercept (ICPT) initiated with a Buy at Deutsche Bank... Jumei (JMEI) initiated with a Buy at BofA/Merrill... MTS Systems (MTSC) initiated with a Buy at Needham... Markit (MRKT) initiated with an Equal Weight at Morgan Stanley... Opus Bank (OPB) initiated with a Buy at CRT Capital... Parnell (PARN) initiated with an Overweight at Piper Jaffray... TD Ameritrade (AMTD) initiated with a Hold at Jefferies... Teradata (TDC) initiated with a Buy at Standpoint Research... Veritiv (VRTV) initiated with an Overweight at Barclays... Viper Energy (VNOM) initiated with a Market Perform at Raymond James... Yelp (YELP) initiated with an Underweight at Evercore... ZS Pharma (ZSPH) initiated with an Outperform at BMO Capital... Zafgen (ZFGN) initiated with an Outperform at Cowen.
09:41 EDTHONHoneywell completes sale of FM business to Federal-Mogul
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05:52 EDTETFCE-Trade initiated with a Hold at Jefferies
Target $24.
05:51 EDTMTGStocks with implied volatility movement; MTG LNCO
Stocks with implied volatility movement; MGIC Investment (MTG) 59, LinnCo (LNCO) 23 according to iVolatility.
July 11, 2014
16:01 EDTHAFCHanmi Financial announces sale of insurance subsidiaries
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15:11 EDTMTGMGIC Investment expects would meet requirements of draft PMIERs
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15:10 EDTMTGMGIC Investment says beginning talks to modify existing reinsurance
MGIC, the principal subsidiary of MGIC Investment Corporation, said its preliminary assessment of the draft private mortgage insurer eligibility requirements released by FHFA for public input was that MGIC's Available Assets would be materially less than its Minimum Required Assets at both the projected effective date and two years thereafter and that we had alternatives to mitigate the shortfall. Using the factors and definitions in the Draft PMIERs, MGIC believes that its Available Assets, at December 31, 2014, would be approximately $5.3B and the Minimum Required Assets would be approximately $5.9B, resulting in a shortfall of approximately $600M. MGIC believes this shortfall would be reduced through operations so that at the end of the two-year transition period it would be approximately $300M. The shortfall projections at both dates include receiving full credit for MGIC's existing reinsurance, approximately $500M of credit at December 31, 2014, increasing to $600M of credit two years later. "However, we do not expect to receive full credit for our current reinsurance. As a result, we are beginning discussions with the reinsurance market to modify our existing reinsurance so that any reduction for reinsurance credit would be minimized," the company said.
15:08 EDTMTGMGIC sees available assets about $5.3B based on draft PMIERs
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14:52 EDTMTGMGIC Investment trading halted, pending news
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12:36 EDTMTGOn The Fly: Midday Wrap
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10:00 EDTMTGOn The Fly: Analyst Downgrade Summary
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09:09 EDTMTGOn The Fly: Pre-market Movers
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08:14 EDTMTGMGIC Investment downgraded to Buy from Conviction Buy at Goldman
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