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Stock Market & Financial Investment News

News Breaks
January 6, 2014
10:07 EDTPNK, TLOG, TSL, DOC, HMHC, AIG, CALL, YPF, SALT, JKS, CLNE, PM, VLP, RMAX, IACI, ATHMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AIG (AIG) reinstated with an Outperform at Credit Suisse... Autohome (ATHM) initiated with a Neutral at Piper Jaffray... Clean Energy (CLNE) initiated with a Neutral at Citigroup... Houghton Mifflin (HMHC) initiated with an Outperform at Wells Fargo... IAC (IACI) initiated with an Equal Weight at Morgan Stanley... JinkoSolar (JKS) initiated with a Buy at Jefferies... Physicians Realty Trust (DOC) initiated with an Outperform at JMP Securities... RE/MAX Holdings (RMAX) initiated with a Market Perform at JMP Securities... Scorpio Bulkers (SALT) initiated with a Buy at Deutsche Bank... Trina Solar (TSL) initiated with a Buy at Jefferies... Valero Energy Partners (VLP) initiated with an Outperform at Credit Suisse... YPF SA (YPF) initiated with an Overweight at Morgan Stanley... TetraLogic (TLOG) initiated with a Buy at Guggenheim... Philip Morris (PM) initiated with a Sell at Standpoint Research... magicJack (CALL) initiated with a Buy at Canaccord... Pinnacle Entertainment (PNK) reinstated with a Sell at Goldman.
News For AIG;ATHM;CLNE;HMHC;IACI;JKS;DOC;RMAX;SALT;TSL;VLP;YPF;TLOG;PM;CALL;PNK From The Last 14 Days
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March 17, 2015
12:38 EDTCALLOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, with the Dow falling about 1%. The market opened in negative territory and proceeded to gain additional downside momentum in early trading. Data on housing starts was not good, even accounting for bad weather in many areas of the country, and the prospect of interest rate increases on the horizon may have some fearing that the housing market recovery is in danger of stalling. Adding to the weakness in stocks may have been the further slide in crude oil prices, which pushed benchmark U.S. crude oil below $43 per barrel earlier in the session. ECONOMIC EVENTS: In the U.S., housing starts plunged 17% to an 897K rate in February, widely undershooting expectations for starts to be down 2.4% to a 1.04M rate, but much of the slide was attributed to weather. Building permits rose 3% to a rate of 1.092M, which was better than the expected 0.5% growth to a 1.065M rate. In Europe, Germany's ZEW Center investor confidence index climbed to 54.8 from 53 last month, though that fell short of the 59.4 consensus forecast. In Asia, the Shanghai Composite index rose 1.6% to close at its highest level in over 6 years. COMPANY NEWS: Apple (AAPL) is preparing to launch an online TV service later this year, according to reports from The Wall Street Journal and the Financial Times. After the reports, Piper Jaffray analyst Gene Munster said he believes Apple's online TV service launch would lay the groundwork for an actual television launch sometime in 2016. Munster estimates that at an average selling price of $1,750, a television could add about 7% to Apple's 2017 revenue. MAJOR MOVERS: Among the notable gainers was Black Diamond (BDE), which jumped 30% after the company reported was then expected quarterly results and guidance but also announced it has hired two banks to help it explore its strategic alternatives. Also higher was Esperion (ESPR), which rose 15% after the company's phase 2b study of ETC-1002, a product in development for patients with hypercholesterolemia on stable statin therapy, met its primary endpoints. Among the noteworthy losers was Himax (HIMX), which dropped 9% after BofA Merrill Lynch downgraded the stock two notches to Underperform from Buy. Also lower following its earnings report was magicJack (CALL), which fell 19%. INDEXES: Near midday, the Dow was down 152.00, or 0.85%, to 17,825.42, the Nasdaq was down 8.39, or 0.17%, to 4,921.12, and the S&P 500 was down 11.39, or 0.55%, to 2,069.80.
10:00 EDTATHMOn The Fly: Analyst Upgrade Summary
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08:10 EDTJKSJinkoSolar estimates Shangrao city workshop fire damages RMB500.000-RMB1M
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07:18 EDTATHMAutohome upgraded to Overweight from Equal Weight at Barclays
As previously reported, Barclays upgraded Autohome to Overweight from Equal Weight. The firm said auto sector digital ad demand has been strong and OEM's are allocating more resources to facilitate dealers' auto transactions online. Additionally, Autohome has been successful in diversifying product offerings and margins have been better than expected from increased focus on exploring online ad inventories instead of aggressive offline marketing expenses. Barclays raised Autohome's price target to $52 from $45.
07:04 EDTATHMAutohome upgraded to Overweight from Equal Weight at Barclays
06:01 EDTPNKStocks with implied volatility below IV index mean; PNK ACAD
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March 16, 2015
19:00 EDTCALLOn The Fly: After Hours Movers
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16:42 EDTCALLmagicJack reports estimated 2.75M active MJ subscribers as of Dec. 31, 2014
magicJack activated 169,000 subscribers during the fourth quarter of 2014. Activations are defined as devices that become activated on to a subscription contract during a given period. During the fourth quarter ended December 31, 2014, magicJack's average monthly churn was 3.3%. magicJack APP had 3.4M monthly active unique APP users as of December 31, 2014.
16:41 EDTCALLmagicJack reports Q4 adjusted EPS 15c, consensus 12c
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16:40 EDTCALLmagicJack announces new $20M stock repurchase program
magicJack VocalTec Ltd. announced that its Board of Directors has authorized a new share repurchase program under which the company may repurchase up to $20M of its outstanding common stock from time to time on the open market or in privately negotiated transactions. The company's prior $100M repurchase program, pursuant to which $91.3M of its outstanding common stock was repurchased and $8.7M remained authorized for repurchases has been terminated.
10:02 EDTSALTOn The Fly: Analyst Initiation Summary
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10:02 EDTYPFOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AmerisourceBergen (ABC) upgraded to Buy from Neutral at UBS... Avago (AVGO) upgraded to Buy from Neutral at DA Davidson... Francesca's (FRAN) upgraded to Buy at Janney Capital... Goldcorp (GG) upgraded to Overweight from Neutral at HSBC... Jabil Circuit (JBL) upgraded to Buy from Hold at Cross Research... JetBlue (JBLU) upgraded to Outperform at Raymond James... King Digital (KING) upgraded to Overweight from Neutral at JPMorgan... L.B. Foster (FSTR) upgraded to Outperform from Neutral at Macquarie... NextEra Energy (NEE) upgraded to Buy from Hold at Deutsche Bank... Petrobras Argentina (PZE) upgraded to Buy from Neutral at BofA/Merrill... Qorvo (QRVO) upgraded to Buy from Neutral at DA Davidson... Randgold (GOLD) upgraded to Overweight from Neutral at HSBC... Royal Gold (RGLD) upgraded to Overweight from Neutral at HSBC... Seagate (STX) upgraded at Needham... Standex (SXI) upgraded to Buy from Hold at BB&T... Union Pacific (UNP) upgraded to Outperform from Neutral at Macquarie... West Corp. (WSTC) upgraded to Outperform from Neutral at RW Baird... Xilinx (XLNX) upgraded to Buy from Hold at Drexel Hamilton... YPF (YPF) upgraded to Buy from Neutral at BofA/Merrill.
08:26 EDTAIGAIG to acquire controlling stake in NSM Insurance
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08:25 EDTAIGAIG acquires controlling interest in NSM Insurance Group
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06:49 EDTYPFYPF upgraded to Buy from Neutral at BofA/Merrill
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06:13 EDTSALTScorpio Bulkers initiated with an Outperform at Imperial Capital
Target $3.50.
March 15, 2015
18:10 EDTPNKGaming and Leisure Properties may have to up offer for Pinnacle, Barron's says
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March 13, 2015
10:00 EDTPNKOn The Fly: Analyst Upgrade Summary
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07:35 EDTPNKPinnacle Entertainment upgraded to Positive from Neutral at Susquehanna
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07:33 EDTPNKGaming and Leisure Properties downgraded to Neutral at Susquehanna
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