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Stock Market & Financial Investment News

News Breaks
February 6, 2013
10:03 EDTDELL, CG, MS, SLW, PDCE, EXPR, EA, HRC, PVA, MMC, GCI, CHD, ITRI, DO, AGNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Allergan (AGN) upgraded to Outperform from Market Perform at JMP Securities... Carlyle Group (CG) upgraded to Buy from Neutral at Citigroup... Dell (DELL) upgraded to Neutral from Sell at Citigroup... Express (EXPR) upgraded to Overweight from Neutral at JPMorgan... Gannett (GCI) upgraded to Buy from Neutral at Citigroup... Marsh & McLennan (MMC) upgraded to Buy from Neutral at Goldman... PDC Energy (PDCE) upgraded to Buy from Hold at Miller Tabak... Diamond Offshore (DO) upgraded to Outperform from Sector Perform at Iberia... Penn Virginia (PVA) upgraded to Outperform from Sector Perform at Howard Weil... Silver Wheaton (SLW) upgraded to Outperform from Neutral at Credit Suisse... Itron (ITRI) upgraded to Buy from Hold at Argus... Hill-Rom (HRC) upgraded to Conviction Buy from Buy at Goldman... Morgan Stanley (MS) upgraded to Neutral from Reduce at SunTrust... Church & Dwight (CHD) upgraded to Outperform from Underperform at CLSA... Electronic Arts (EA) upgraded to Buy from Neutral at Sterne Agee.
News For AGN;CG;GCI;EXPR;DELL;MMC;PDCE;DO;PVA;SLW;ITRI;HRC;MS;CHD;EA From The Last 14 Days
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April 14, 2015
08:35 EDTMSEtsy offering vendors chance to participate in IPO, WSJ reports
Etsy (ETSY), through a program being overseen by Morgan Stanley (MS), is giving its vendors and other small investors the opportunity to buy as much as $2,500 in stock just before its public float, reported The Wall Street Journal. The bank's customary account fees are being waived for the program, via which participants can offer to buy between $100 and $2,500 worth of Etsy stock, people familiar with the matter told the Journal. Reference Link
April 13, 2015
07:52 EDTMSPotential rule change on accounts to likely be manageable, says JMP Securities
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07:16 EDTMSTechWeek to hold a conference
TechWeek Detroit 2015 is being held in Detroit on 4/13-19.
April 12, 2015
18:32 EDTDOObama administration expected to toughen offshore drilling regulations, WSJ says
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April 10, 2015
07:10 EDTPDCEPDC Energy price target raised to $80 from $70 at Credit Suisse
Credit Suisse raised Outperform rated PDC Energy's price target to $80 following yesterday's analyst day that highlighted Wattenberg growth potential, project portfolio, and strong balance sheet. Shares are Outperform rated.
April 9, 2015
11:11 EDTEAOptions with increasing implied volatility
Options with increasing implied volatility: TLM WETF GRPN TRIP GMCR MYL AOL WB WFM EA
10:10 EDTPDCEPDC Energy guides 2015 adjusted EPS $1.44-$1.60
PDC Energy guided 2015 adjusted EPS to $1.40-$1.60 in analyst day presentation slides, which includes the company's March equity offering. The consensus estimate is $1.91. The company's' previous EPS outlook was $1.47-$1.62. PDC reaffirms its 2015 production outlook of 13.5-14.5 MMBoe. The company sees 2015 adjusted revenue $551M-$590M versus the consensus of $611.8M.
April 8, 2015
11:29 EDTEAOptions with increasing implied volatility
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April 7, 2015
16:18 EDTCGOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory, extending their gains from yesterday. The economic calendar was relatively quiet and the volume was light as investors moved to the sidelines ahead of the start of the first quarter earnings season, which kicks off tomorrow after the close with Alcoa's (AA) report. A late day slide saw the major averages give up their gains, leaving the Dow, Nasdaq and S&P 500 a bit below where they had started the day. ECONOMIC EVENTS: In the U.S., the JOLTs report showed job openings rose 168K to 5.13M in February, topping the consensus forecast for about 5M opening. Consumer credit climbed $15.5B in February, versus the expectation for consumers to have added $12.5B in new credit. In Europe, Markit's composite PMI for the eurozone came in at 54.0, which was down slightly from the flash reading of 54.1 but up from 53.3 in February and matched the prior peak seen in April of last year. Elsewhere globally, the central banks of Australia and India left their respective key interest rates unchanged, as expected. COMPANY NEWS: Shares of FedEx (FDX) advanced $4.49, or 2.69%, to $171.16 after the shipper announced a conditional deal to acquire TNT Express (TNTEY) for EUR 8.00 per share in a transaction valuing the Netherlands-based express delivery company at an implied equity value of about $4.8B. The company hopes it is more successful in its acquisition attempt than rival UPS (UPS), which had agreed a number of years ago to buy TNT for EUR 9.50 per share. UPS pulled out of its planned purchase after its proposed deal for TNT was blocked by regulators. MAJOR MOVERS: Among the notable gainers was Axalta Coating Systems (AXTA), which gained $2.78, or 9.81%, to $31.11 after an affiliate of Warren Buffett's Berkshire Hathaway (BRK.A) agreed to buy 20M of Axalta’s common shares for an aggregate purchase price of $560M, or $28.00 per share, from The Carlyle Group (CG). Also higher was Informatica (INFA), which advanced $1.96, or 4.28%, to $47.79 after agreeing to be acquired by the Permira funds and Canada Pension Plan Investment Board for approximately $5.3B, or $48.75 in cash per share. The official announcement follows recent stories from Reuters that the company was working on a deal with a private equity buyer. Among the noteworthy losers was Ocular Therapeutix (OCUL), which dropped $7.25, or 18.93%, to $31.05 after reporting that the company’s second of two Phase 3 clinical trials evaluating the safety and efficacy of its lead product candidate, OTX-DP, met only one of the study’s two primary efficacy endpoints. Also lower were shares of Woodward (WWD), which fell $3.06, or 5.95%, to $48.36 after Jefferies downgraded the stock to Hold from Buy and set a $52 price target on the shares, saying FY15 is another transition year for the company. INDEXES: The Dow slipped 5.43, or 0.03%, to 17,875.42, the Nasdaq lost 7.08, or 0.14%, to 4,910.23, and the S&P 500 declined 4.29, or 0.21%, to 2,076.33.
15:53 EDTCGMicrosoft, Getty Images announce partnership to develop products for Bing
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15:48 EDTCGMicrosoft, Getty Images dismiss copyright infringement dispute, Reuters says
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12:36 EDTEAOptions with increasing implied volatility
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09:03 EDTEAEA, Illumination Entertainment, Universal Partnerships announce collaboration
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08:11 EDTMSGoldman Sachs, Morgan Stanley estimates raised at Susquehanna
Susquehanna raised its estimates for both Goldman Sachs (GS) and Morgan Stanley (MS) to reflect a strong quarter for FICC driven by interest rate and currency volatility and more stable credit markets as well as better I&L. Susquehanna maintains Neutral ratings on both Goldman Sachs and Morgan Stanley shares.
07:18 EDTCGAxalta Coating announces sale of shares to Berkshire Hathaway
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April 6, 2015
10:02 EDTHRCOn The Fly: Analyst Upgrade Summary
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10:02 EDTGCIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AGCO (AGCO) downgraded to Sell from Hold at Deutsche Bank... CONSOL (CNX) downgraded to Hold from Buy at Deutsche Bank... Catamaran (CTRX) downgraded to Market Perform from Outperform at BMO Capital... Comerica (CMA) downgraded to Neutral from Buy at Guggenheim... Gannett (GCI) downgraded to Market Perform from Outperform at FBR Capital... Magnum Hunter (MHR) downgraded to Hold from Buy at Wunderlich... Qualcomm (QCOM) downgraded to Market Perform from Outperform at FBR Capital... Regions Financial (RF) downgraded to Neutral from Buy at Guggenheim... SAP (SAP) downgraded at Wells Fargo... Sanderson Farms (SAFM) downgraded to Underweight from Sector Weight at KeyBanc... Scorpio Tankers (STNG) downgraded to Neutral from Accumulate at Global Hunter... Simpson Manufacturing (SSD) downgraded to Neutral from Buy at DA Davidson... Skyworks (SWKS) downgraded at Stephens... TripAdvisor (TRIP) downgraded to Hold from Buy at Needham... Western Union (WU) downgraded to Neutral from Positive at Susquehanna... Zillow Group (Z) downgraded to Equal Weight from Overweight at Barclays.
09:25 EDTCGCarlyle Group management to meet with Oppenheimer
Meeting to be held in Chicago on April 9 hosted by Oppenheimer.
08:12 EDTHRCHill-Rom upgraded to Buy from Neutral at BofA/Merrill
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06:34 EDTGCIGannett downgraded to Market Perform from Outperform at FBR Capital
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