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Stock Market & Financial Investment News

News Breaks
July 22, 2014
10:00 EDTUCTT, RLGY, HAS, DLR, BMRC, WOOF, TREX, INWK, EGAS, FANG, AXL, ZION, VAL, SANM, HBAN, FIVE, CYS, AGN, VOLVYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Allergan (AGN) upgraded to Buy from Neutral at UBS... American Axle (AXL) upgraded to Neutral from Underweight at JPMorgan... Bank of Marin (BMRC) upgraded to Buy from Hold at Sandler O'Neill... CYS Investments (CYS) upgraded to Buy from Hold at Wunderlich... Diamondback Energy (FANG) upgraded to Buy from Neutral at Roth Capital... Digital Realty (DLR) upgraded to Buy from Hold at Deutsche Bank... Five Below (FIVE) upgraded to Outperform from Market Perform at Wells Fargo... Gas Natural (EGAS) upgraded to Buy from Hold at Wunderlich... Hasbro (HAS) upgraded to Overweight from Equal Weight at Barclays... Huntington Bancshares (HBAN) upgraded to Outperform at Keefe Bruyette... InnerWorkings (INWK) upgraded to Buy from Hold at Feltl... Realogy (RLGY) upgraded to Buy from Neutral at Citigroup... Sanmina (SANM) upgraded to Hold from Sell at Deutsche Bank... Trex Company (TREX) upgraded at Stifel... Ultra Clean (UCTT) upgraded to Buy from Neutral at Roth Capital... VCA Inc. (WOOF) upgraded at Stifel... Valspar (VAL) upgraded to Conviction Buy from Neutral at Goldman... Volvo (VOLVY) upgraded to Neutral from Sell at Goldman... Zions Bancorp (ZION) upgraded to Buy from Neutral at Compass Point.
News For AGN;AXL;BMRC;CYS;FANG;DLR;FIVE;EGAS;HAS;HBAN;INWK;RLGY;SANM;TREX;UCTT;VAL;WOOF;VOLVY;ZION From The Last 14 Days
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May 21, 2015
06:33 EDTFIVEFive Below initiated with a Market Perform at FBR Capital
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05:31 EDTVOLVYVolvo reports April truck deliveries amounted to 17,715 vehicles
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May 19, 2015
09:14 EDTVOLVYAeroVironment: Volvo XC90 T8 plug-in hybrid to include TurboCord Dual charger
AeroVironment (AVAV) announced the portable TurboCord Dual charger will come standard with the 2016 Volvo XC90 T8 Twin Engine, which will debut later this year. The Volvo (VOLVY) XC90 T8 Twin Engine is the world’s first seven passenger plug-in hybrid electric vehicle.
07:13 EDTZIONBarclays to hold a conference
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07:08 EDTCYSWells Fargo to hold a conference
4th Annual Specialty Finance Conference is being held in New York on May 19.
May 18, 2015
20:16 EDTFIVEUrban Outfitters down over 16% after disappointing Q1 results
Urban Oufitters (URBN) is down sharply after reporting first quarter earnings per share and revenue that missed analyst estimates. WHAT'S NEW: Urban Oufitters reported Q1 EPS of 25c on revenue of $739.01M, below consensus expectations of 30c and $758.25M, respectively. Urban Outfitters also reported Q1 comparable retail segment net sales up 4%, with Q1 retail segment net sales increasing 17% at Free People, 5% at Urban Outfitters, and 1% at the Anthropologie Group. Wholesale segment net sales rose 18%. WHAT'S NOTABLE: On its Q1 earnings conference call, Urban Outfitters announced that Urban Outfitters Group CEO Ted Marlow, who oversaw the direction of the namesake brand, would retire at the end of August. While Urban Outfitters did not provide guidance, Urban Outfitters Anthropologie Group CEO David McCreight commented on the Anthropologie brand, "We're expecting we could see Q2 shaping up like Q1 in terms of low single-digit comps. We could also see being in the low-mid-single digit comps. It's hard to tell at this point." ANALYST REACTION: Two analyst firms lowered their respective price targets on Urban Outfitters following the company's earnings report. Sterne Agee, which rates Urban Outfitters a Neutral, lowered its 12-month price target to $34 from $46, noting the company has had trouble getting both its Urban Outfitters and Anthropologie brands to perform at the same time. Cantor, which maintained its Buy rating, lowered its price target to $53 from $54, saying that Anthropologie sales disappointed, but noting that a "later catalog release appears to us to have pushed some sales at Anthropologie into May." PRICE ACTION: Urban Outfitters fell 16.4% to just over $34 in after-hours trading. PEERS: Other publicly traded companies in the space include Abercrombie & Fitch (ANF), American Eagle (AEO), Five Below (FIVE), Pacific Sunwear (PSUN), and Zumiez (ZUMZ).
10:01 EDTVOLVYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: A10 Networks (ATEN) upgraded to Overweight from Sector Weight at Pacific Crest... Cal-Maine Foods (CALM) upgraded to Overweight from Equal Weight at Stephens... ChemoCentryx (CCXI) upgraded to Overweight from Neutral at JPMorgan... Cheniere Energy Partners LP (CQP) upgraded to Buy from Neutral at Goldman... Chicago Bridge & Iron (CBI) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Goldman... Ctrip.com (CTRP) upgraded to Overweight from Neutral at JPMorgan... Emerge Energy (EMES) upgraded to Buy from Neutral at Goldman... FEMSA (FMX) upgraded to Overweight from Equal Weight at Morgan Stanley... GoPro (GPRO) upgraded to Perform from Underperform at Oppenheimer... Holly Energy (HEP) upgraded to Buy from Neutral at Goldman... JP Energy (JPEP) upgraded on better visibility on volumes at RBC Capital... Laredo Petroleum (LPI) upgraded to Neutral from Sell at Goldman... Malvern Bancorp (MLVF) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Goldman... Norsk Hydro (NHYDY) upgraded to Overweight from Neutral at JPMorgan... Owens-Illinois (OI) upgraded to Neutral from Underperform at BofA/Merrill... Penn National (PENN) upgraded to Buy from Neutral at Goldman... Roche (RHHBY) upgraded to Buy from Neutral at UBS... Schnitzer Steel (SCHN) upgraded on stabilizing headwinds at KeyBanc... Seventy Seven Energy (SSE) upgraded to Buy from Hold at Jefferies... Toll Brothers (TOL) upgraded to Neutral from Underperform at Sterne Agee CRT... United Therapeutics (UTHR) upgraded to Buy from Neutral at BTIG... Volvo (VOLVY) upgraded to Neutral from Underweight at JPMorgan... Zayo Group (ZAYO) upgraded to Buy from Neutral at Goldman.
07:57 EDTFANGTopeka highlights potential E&P takeover targets
Topeka continues to believe that the E&P companies most likely to be acquired are situated in the core areas in the Permian, Eagle Ford, Bakken, Niobrara and Marcellus/Utica. The firm highlights Cabot Oil & Gas (COG), Energen (EGN), Diamondback Energy (FANG), Gulfport Energy (GPOR), Laredo Petroleum (LPI), Magnum Hunter (MHR) and Oasis Petroleum (OAS) as potential takeout targets. It keeps Buy ratings on all the stocks named.
06:43 EDTVOLVYVolvo upgraded to Neutral from Underweight at JPMorgan
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May 15, 2015
17:15 EDTRLGYPaulson & Co. gives quarterly update on stakes
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10:29 EDTAGNAmerican Urological Association to hold an annual meeting
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07:09 EDTFANGHayman Capital gives quarterly update on stakes
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May 14, 2015
05:37 EDTDLRDigital Realty confirms that it will not make offer for Telecity
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May 13, 2015
14:28 EDTINWKInnerWorkings reported solid Q1 results, says Barrington
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07:32 EDTCYSMitsubishi UFJ to hold a conference
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May 12, 2015
18:12 EDTHBANSenate proposes to ease 'systemically important' bank designation, FT says
Senate bank committee chairman Richard Shelby has introduced legislation that would increase the "systemically important bank" threshold from $50B to $500B, reports the Financial Times, citing draft legislation. The report notes that SunTrust (STI), Regions Financial (RF), Citizens Financial (CFG), Fifth Third (FITB), and Huntington Bancshares (HBAN) may benefit from the change if the bill passes. Some bankers believe the potential change could lead to renewed interest in mergers within the sector, adds the Financial Times. Reference Link
07:43 EDTBMRCDA Davidson to hold a conference
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May 11, 2015
18:53 EDTVOLVYVolvo to build $500M factory in South Carolina
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08:19 EDTZIONJefferies to hold a field trip
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