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Stock Market & Financial Investment News

News Breaks
January 10, 2013
10:13 EDTABG, KO, HUN, PPS, AA, PBR, PAY, STJ, RRGB, MSFT, MCRS, LM, HTZ, CHK, EMC, CSX, CIT, CBOE, AIGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded to Market Perform from Outperform at Wells Fargo... CBOE Holdings (CBOE) downgraded to Market Perform from Outperform at Raymond James... CIT Group (CIT) downgraded to Neutral from Buy at Janney Capital... CSX (CSX) downgraded to Neutral from Buy at Goldman... Chesapeake (CHK) downgraded to Neutral from Buy at SunTrust... EMC (EMC) downgraded to Equal Weight from Overweight at Morgan Stanley... Hertz Global (HTZ) downgraded to Underweight from Overweight at Morgan Stanley... Legg Mason (LM) downgraded to Market Perform from Outperform at Keefe Bruyette... MICROS (MCRS) downgraded to Outperform from Top Pick at RBC Capital... Microsoft (MSFT) downgraded to Equal Weight from Overweight at Morgan Stanley... Red Robin (RRGB) downgraded to Neutral from Buy at BofA/Merrill... St. Jude Medical (STJ) downgraded to Market Perform from Outperform at BMO Capital... VeriFone (PAY) downgraded to Sector Perform from Outperform at RBC Capital... Petrobras (PBR) downgraded to Neutral from Outperform at Macquarie... Alcoa (AA) downgraded to Underperform from Neutral at Macquarie... Post Properties (PPS) downgraded to Underweight from Hold at KeyBanc... Huntsman (HUN) downgraded to Neutral from Buy at UBS... Coca-Cola (KO) downgraded to Hold from Buy at Argus... Asbury Automotive (ABG) downgraded to Neutral from Buy at Buckingham.
News For AIG;CBOE;CIT;CSX;EMC;CHK;HTZ;LM;MCRS;MSFT;RRGB;STJ;PAY;PBR;AA;PPS;HUN;KO;ABG From The Last 14 Days
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October 8, 2014
14:46 EDTEMCEMC comments on letter issued by Elliott Management
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14:32 EDTAAAlcoa technical comments before earnings
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14:26 EDTPBRPetrobras volatility elevated on crude trends lower
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14:15 EDTRRGBRed Robin recent weakness a buying opportunity, says Raymond James
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14:07 EDTCSXCSX confirms train moving to Chattanooga derailed
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12:31 EDTAAAlcoa October weekly 15.5 straddle priced for 5.4% move into Q3
11:42 EDTAAStocks with call strike movement; AA MU
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11:38 EDTHTZStocks with call strike movement; GPRO HTZ
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11:10 EDTHTZOptions with increasing implied volatility
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11:04 EDTEMCEMC advances after activist letter, report on HP merger talks
Shares of EMC (EMC) are rising slightly in a down market after activist investor Elliott Management disclosed that it wrote in a letter to the company's board that it had heard of "acquisition interest in EMC's assets on the part of several large companies." The firm called on EMC to pursue M&A opportunities and spin off its VMware (VMW) subsidiary. WHAT'S NEW: Since July, several large companies have expressed "acquisition interest" in EMC's assets, Eliiott wrote. Acquisitions of EMC's assets by these companies would be logical from a strategic perspective, the firm added. The parties that have expressed interest could afford to buy all of EMC or a number of its assets, according to Elliott. EMC should look to spin off VMware because owning VMware is holding down the value of EMC's stock and damaging its relationship with its customers, the investor stated. VMware is hurting EMC by competing with EMC's customers, Elliott explained. Elliott Management noted that is affiliates collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC. WHAT'S NOTABLE: HP (HPQ) and EMC are still conducting due diligence on a potential merger, CNBC's David Faber reported this morning, citing sources. A deal is unlikely, but still possible, and would include a buy-in of VMware, Faber added. PRICE ACTION: In mid-morning trading, EMC rose 0.3% to $28.20, VMware slid 0.9% to $90.59 and HP dropped 1.2% to $34.80.
10:06 EDTCSXStephens transportation analysts hold an analyst/industry conference call
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09:53 EDTEMCHP, EMC still doing due diligence on potential deal, CNBC reports
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09:49 EDTEMCHP, EMC merger unlikely but still possible, CNBC's Faber says
09:48 EDTEMCHP, EMC still doing work on potential deal, CNBC reports
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09:38 EDTAA, PBRActive equity options trading on open
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08:55 EDTEMCEMC rises after VMware separation urged by Elliott Management
Shares of EMC Corp. (EMC) are higher in pre-market trading after investor Elliott Management, affiliates of which collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC, sent a letter to the company's board detailing the firm's recommendations, including a separation of VMware (VMW) from Core EMC. Shares of EMC are up about 1% to $28.39 following Elliott's public disclosure of its letter to the company's board.
08:54 EDTEMCElliott Management urges separation of VMware from EMC
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08:31 EDTEMCElliott Management sends letter to EMC board
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07:25 EDTAAFutures suggest a bounce at the open
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06:13 EDTMSFTNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
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