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Stock Market & Financial Investment News

News Breaks
May 21, 2014
10:00 EDTUPL, RWEOY, POWR, OIS, EVR, CPF, TJX, QSII, PEGA, NOK, EONGY, SGY, PDS, PCG, NMBL, DCI, AIG, AINV, ADCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AIG (AIG) upgraded to Buy from Neutral at Goldman... Agree Realty (ADC) upgraded to Buy from Hold at Wunderlich... Apollo Investment (AINV) upgraded to Outperform from Market Perform at JMP Securities... Central Pacific (CPF) upgraded to Buy from Hold at Sandler O'Neill... Dick's Sporting (DKS) upgraded at BMO Capital... Donaldson (DCI) upgraded to Buy from Hold at Gabelli... E.ON AG (EONGY) upgraded to Outperform from Sector Perform at RBC Capital... Evercore Partners (EVR) upgraded to Outperform from Market Perform at JMP Securities... Nimble Storage (NMBL) upgraded to Buy from Hold at Wunderlich... Nokia (NOK) upgraded to Buy from Hold at Jefferies... Oil States (OIS) upgraded to Outperform from Market Perform at Raymond James... PG&E (PCG) upgraded to Outperform from Neutral at Macquarie... Pegasystems (PEGA) upgraded to Outperform from Neutral at Wedbush... PowerSecure (POWR) upgraded to Buy from Hold at Craig-Hallum... Precision Drilling (PDS) upgraded to Overweight from Equalweight at Barclays... Quality Systems (QSII) upgraded at RBC Capital... RWE AG (RWEOY) upgraded to Sector Perform from Underperform at RBC Capital... Stone Energy (SGY) upgraded to Overweight from Equalweight at Capital One... TJX (TJX) upgraded to Buy from Neutral at SunTrust... Ultra Petroleum (UPL) upgraded at Sterne Agee.
News For AIG;ADC;AINV;CPF;DCI;EONGY;EVR;NMBL;NOK;OIS;PCG;PEGA;POWR;PDS;QSII;RWEOY;SGY;TJX;UPL From The Last 14 Days
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January 27, 2015
07:08 EDTPOWRPowerSecure awarded contracts totaling $10M
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05:20 EDTSGYTechnip awarded two subsea contracts in Gulf of Mexico by Stone Energy
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January 26, 2015
16:26 EDTUPLMarathon Oil, Cobalt, RSP Permian downgraded at UBS
UBS lowered its Brent and WTI forecasts to $52.50 and $49 from $67.50 and $62.50, respectively, and downgraded a number of names in the energy space in conjunction. Along with making changes to its oil price forecasts, UBS downgraded Marathon Oil (MRO), Cobalt (CIE) and RSP Permian (RSPP), all to Neutral from Buy. The firm also identified ConocoPhillips (COP), Devon Energy (DVN), Murphy Oil (MUR), Ultra Petroleum (UPL), Range Resources (RRC), Denbury Resources (DNR), and Magnum Hunter (MHR) as having high valuations, slowing growth and wide free cash flow deficits and said it was cautious on all of those names as well.
10:24 EDTPOWRGenerac, Douglas Dynamics among stocks to watch as storm slams Northeast
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09:52 EDTPOWRGenerac, PowerSecure rise amid blizzard in Northeast
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January 23, 2015
16:55 EDTEVRMarket ends week higher after ECB announces bond purchase plan
Stocks finished higher for the week after the European Central Bank unveiled a larger than expected bond buying plan and earnings season in the U.S. picked up steam. MACRO NEWS: The European Central Bank announced that it would buy EUR 60B of government and private bonds per month through September 2016. Reports before the ECB's official announcement had suggested that the central bank would buy EUR 50B of bonds per month... On a negative note, the International Monetary Fund cut its 2015 global growth outlook to 3.5% from 3.8%... U.S. economic data was mixed, as weekly jobless claims and sales of existing homes in December were worse than expected, but the index of leading economic indicators and new housing permits for December came in above the consensus outlook. COMPANY NEWS: Netflix (NFLX), Starbucks (SBUX), firearm maker Smith & Wesson (SWHC), and Southwest Airlines (LUV) were among the companies whose stocks rose following their results and guidance. On the other side of the ledger, Johnson & Johnson (JNJ), IT management solution provider CA Technologies (CA), UPS (UPS), and application delivery networking products maker F5 Networks (FFIV) were among the companies that fell after they reported their earnings or updated their financial outlooks... M&A reports moved a number of stocks this week. The Financial Post reported that Samsung (SSNLF) had hired investment bank Evercore (EVR) to evaluate a purchase of the troubled Canadian company. Samsung is still considering purchasing BlackBerry (BBRY), the newspaper added. However, Canada's BNN reported that Evercore said that Samsung has not been a recent client of theirs and that they prepare ideas "routinely" on their "own accord." Avon (AVP) has held talks about a potential sale to private equity firm TPG Capital, dealReporter stated. Bloomberg reported that online travel agency Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and other Internet companies... DreamWorks Animation (DWA) tumbled after announcing a new strategic plan that will see it cut its feature production from three films per year down to two and axe about 500 jobs. INDEXES: For the week, the Dow dipped 0.37% to 17,672.60, the Nasdaq rose 1.14% to 4,757.88, and the S&P gained 0.34% to 2,051.82.
12:18 EDTQSIIQuality Systems management to meet with Topeka
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08:37 EDTPDSBofA/Merrill U.S. oil & gas analysts to hold an analyst/industry conference call
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05:51 EDTUPLStocks with implied volatility movement; BBRY UPL
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January 22, 2015
14:52 EDTEVREvercore says Samsung not a recent client, BBN reports
Evercore (EVR) tells BNN that Samsung (SSNLF) has not been a recent client of theirs and that they prepare ideas "routinely" on their "own accord," said BNN's Amber Kanwar on Twitter. Reference Link
12:20 EDTQSIIQuality Systems upgraded earlier to Hold from Sell at Evercore ISI
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07:02 EDTPOWRPowerSecure's distribution generation systems reported 98.4% reliability in 2014
PowerSecure reported record reliability results for its distributed generation systems in 2014 to provide emergency backup power or peak load management for customers. PowerSecure's DG systems operated successfully 12,308 out of 12,511 times, for a record reliability of 98.4%.
05:45 EDTNOKNokia reinstated with a Buy at Goldman
05:34 EDTQSIIQuality Systems reports Q3 non-GAAP EPS 16c, consensus 14c
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January 21, 2015
05:12 EDTAIGAIG to acquire Laya Healthcare
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January 20, 2015
16:36 EDTSGYStone Energy provides operational update
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16:35 EDTSGYStone Energy reports FY15 capital budget of $450M
Stone's board has authorized a 2015 capital expenditure budget of $450M, which assumes planned sales of minority working interests in certain targeted assets. The budget also excludes acquisitions and capitalized SG&A and interest. The budget is allocated approximately 75% to Deep Water/Gulf Coast, 8% to Appalachia, 4% to Business Development and 13% to Abandonment expenditures. The capital budget and allocation of capital across the various areas is subject to change based on several factors, including commodity pricing, liquidity, permitting times, rig availability, regulatory, non-operator decisions and the sales of working interests in certain targeted assets. The Deep Water capital budget is focused on development and exploration drilling, facility installations for development work, completion operations, and seismic and lease acquisition. Stone expects to participate in drilling two non-operated exploration wells in 1Q15, drill the Cardona #6 well, and complete the Amethyst discovery well and install a flowline back to the Pompano platform. A portion of the budget is also allocated to the expected 4Q15 arrival of the platform rig for the Pompano platform drilling program. The Appalachia capital budget includes securing additional core lease-hold interests and drilling several Marcellus wells in the first quarter before releasing the Marcellus drilling rig. No further Marcellus drilling is projected for the rest of the year. Late in the 4Q15, Stone expects to receive a dual-purpose Utica/Marcellus rig for a 2016 drilling program that is capable of drilling in either shale formation. Capital dedicated to the GOM conventional shelf will be primarily used for recompletions, improvements to existing infrastructure and required plug and abandonment operations. For increased efficiencies, the conventional shelf and deep gas operating groups have been consolidated within the deep water operations. The remainder of the capital budget is focused on onshore business development opportunities.
16:33 EDTSGYStone Energy reports FY14 estimated proved reserves 152 Mmboe
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16:33 EDTSGYStone Energy reports Q4 production 42.5 MBoe per day
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08:05 EDTAIGAerCap may consider stock buyback from AIG, Reuters says
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