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Stock Market & Financial Investment News

News Breaks
March 1, 2013
10:00 EDTAIG, WEN, OPTR, CVC, SAIA, ACIW, FDML, FULT, V, SLCA, SD, WFT, CEO, DRI, DUK, DB, HCN, OVTI, MCRS, RBS, VTR, HKOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded to Equal Weight from Overweight at Evercore... CNOOC (CEO) downgraded to Reduce from Neutral at Nomura... Darden (DRI) downgraded to Neutral from Buy at UBS... Deutsche Bank (DB) downgraded to Sell from Neutral at Goldman... Duke Energy (DUK) downgraded to Hold from Buy at Deutsche Bank... Health Care REIT (HCN) downgraded to Underperform from Market Perform at BMO Capital... MICROS (MCRS) downgraded to Hold from Buy at Jefferies... OmniVision (OVTI) downgraded to Market Perform from Outperform at Raymond James... Royal Bank of Scotland (RBS) downgraded to Hold from Buy at Societe Generale... Ventas (VTR) downgraded to Underperform from Market Perform at BMO Capital... Weatherford (WFT) downgraded to Underperform from Market Perform at BMO Capital... Wendy's (WEN) downgraded to Underweight from Equal Weight at Morgan Stanley... SandRidge Energy (SD) downgraded to Sell from Hold at Tudor Pickering... Optimer (OPTR) downgraded to Market Perform from Outperform at JMP Securities... Cablevision (CVC) downgraded to Hold from Buy at Wunderlich... Saia, Inc. (SAIA) downgraded to Hold from Buy at Stifel Nicolaus... ACI Worldwide (ACIW) downgraded to Equal Weight from Overweight at Stephens... Federal-Mogul (FDML) downgraded to Sell from Neutral at Goldman... Fulton Financial (FULT) downgraded to Neutral from Buy at Sterne Agee... Wendy's (WEN) downgraded at Morgan Stanley... U.S. Silica (SLCA) downgraded due to valuation at Morgan Stanley... Visa (V) downgraded to Hold from Buy at Argus... Halcon Resources (HK) downgraded to Neutral from Accumulate at Global Hunter.
News For AIG;CEO;DRI;DUK;DB;HCN;OVTI;MCRS;RBS;VTR;WFT;SD;WEN;OPTR;CVC;SAIA;ACIW;FDML;FULT;V;SLCA;HK From The Last 14 Days
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October 23, 2014
06:44 EDTCEOChina to raise energy resource tax, Xinhua reports
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October 22, 2014
19:41 EDTWFTWeatherford expects to reduce net debt to $7B-$7.5B by year end
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19:35 EDTWFTWeatherford reports Q3 EPS 32c, consensus 33c
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16:32 EDTVVisa increases dividend 20% to 48c from 40c
Visa announced that its board of directors had declared a quarterly dividend in the aggregate amount of 48c per share of class A common stock, determined in the case of class B and class C common stock on an as-converted basis, payable on December 2 to all holders of record of the company's class A, class B and class C common stock as of November 14. The quarterly dividend increase raises the annual dividend rate from $1.60 per share to $1.92 per share.
07:35 EDTFDMLFederal-Mogul says deal to buy TRW's engine valve unit expected to close in 1Q15
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07:34 EDTFDMLFederal-Mogul sees spinning of Motorparts in 1H15
07:34 EDTFDMLFederal-Mogul reports Q3 adjusted EPS 13c, two estimates 26c
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05:42 EDTCEOShell announces Gabon deep-water gas discovery
Shell (RDS.A, RDS.B)announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 metres net gas pay in a pre-salt reservoir. Leopard-1 is located around 145 kilometres off the Gabonese coast, west of Gamba. It was drilled in water 2,110 metres deep to a total vertical depth of 5,063 metres. Shell and partners are planning to undertake an appraisal programme to further determine the resource volumes. Leopard-1 was drilled in license BCD10, operated by Shell. Second partner in the venture is CNOOC (CEO). This frontier discovery follows recent deep water exploration successes in the heartlands for Shell Exploration in the Gulf of Mexico and Malaysia.
October 21, 2014
16:33 EDTFULTFulton Financial reports Q3 EPS 21c, consensus 20c
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15:30 EDTFULTNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Yahoo! (YHOO), consensus 30c; ACE (ACE), consensus $2.34; Discover Financial (DFS), consensus $1.34; Pinnacle Financial (PNFP), consensus 51c; Broadcom (BRCM), consensus 84c; Intuitive Surgical (ISRG), consensus $3.80; FMC Technologies (FTI), consensus 74c; Robert Half International (RHI), consensus 58c; E-Trade (ETFC), consensus 22c; Nabors Industries (NBR), consensus 36c; Waste Connections (WCN), consensus 54c; Cubist Pharmaceuticals (CBST), consensus 4c; Sonic (SONC), consensus 34c; American Campus Communities (ACC), consensus 43c; Cree (CREE), consensus 36c; Fulton Financial (FULT), consensus 20c; Costamare (CMRE), consensus 41c; Hawaiian Holdings (HA), consensus 78c; Ethan Allen (ETH), consensus 36c; Sabra Health (SBRA), consensus 55c; Rush Enterprises (RUSHA), consensus 51c.
14:09 EDTAIGThird Point discloses new positions in eBay, Alibaba, exit from Sony
In its Q3 investor letter, Third Point says it established a "significant" position in eBay (EBAY). Dan Loeb's hedge fund also revealed it has established a significant direct investment in Alibaba (BABA) shares now that the company is public. Third Point also said it is now one of Amgen's (AMGN) largest shareholders. During the quarter, Third Point exited its position in Sony (SNE) and reduced or exited other positions, including AIG (AIG), Hertz (HTZ) and Softbank (SFTBF), the firm stated in its letter. PRICE ACTION: Following the disclosures in the Third Point letter, Amgen is up 4%, eBay is up 2.3% and Alibaba is up 3.8%, while Sony shares trading in New York are down nearly 1%.
08:28 EDTRBSEuropean Commission fines JMorgan EUR 61.68M over Libor influencing
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08:18 EDTRBS, DBBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
08:12 EDTRBSJPMorgan, UBS, Credit Suisse to be fined by EU over Libor rigging, Reuters says
JPMorgan (JPM), UBS (UBS) and Credit Suisse (CS) will be fined $115M collectively for their roles in rigging Swiss franc Libor rates, with JPMorgan's fine of $89M making up the lion's share of the penalty, said Reuters, citing a person familiar, who added that Royal Bank of Scotland (RBS) would not be penalized for its own role since it alerted the European Commission to the issue. Reference Link
06:52 EDTDBCiti purchasea Deutsche energy, metals book, Reuters says
Citigroup (C) acquired Deutsche Bank's (DB) energy and metals book, which is the U.S. company's latest expansion effort in commodities trading as some of its competitors look to exit that sector, according to Reuters, citing a source familiar with the matter. Reference Link
October 20, 2014
06:38 EDTAIGAIG upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded AIG to Buy citing valuation following the recent pullback in shares. Deutsche believes concerns that Starr International could succeed in its trial against the U.S. Government are overblown. It raised its price target for AIG shares to $60 from $59.
05:54 EDTSDStocks with implied volatility movement; HLD SD
Stocks with implied volatility movement; Herbalife (HLF) 109, SandRidge Energy (SD) 97 according to iVolatility.
October 17, 2014
08:14 EDTAIGAIG unlikely to be forced to indemnify government, says Bernstein
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08:00 EDTCVCHBO may have fight with cable operators over OTT service price, Reuters says
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05:51 EDTSDStocks with implied volatility movement; SD SAN
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