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Stock Market & Financial Investment News

News Breaks
December 11, 2012
12:33 EDTDG, TNS, DAL, SPW, S, AIG, FDO, GDI, CLWROn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday amid optimism that budget negotiations between the White House and Republicans have progressed behind closed doors, despite House Speaker John Boehner speaking at midday to say the White House has not provided details on its proposed spending cuts. Boehner's brief press conference took the market down just slightly but the averages all remain solidly in positive territory, with the Nasdaq continuing as the leader... ECONOMIC EVENTS: In the U.S., the NFIB Small Business Optimism Index dropped 5.6 points to 87.5 in November, which was a steeper fall than the forecast move down to 92.5. The U.S. trade deficit widened to $42.2B in October from $41.5B a month earlier. Wholesale inventories increased 0.6% in October, versus expectations for an increase of 0.4%. The Job Openings & Labor Turnover, or JOLTS, report showed job openings rose 128K in October to 3.675M. In Europe, the German ZEW Indicator of Economic Sentiment moved into positive territory for the first time since this May, rising to 6.9 in December from -15.7 in November... COMPANY NEWS: The Treasury announced last night it was exiting its stake in American International Group (AIG), selling its remaining 234.2M shares of AIG common stock. AIG jumped 4.7% following Treasury's exit... Shares of Delta Air Lines (DAL) rose nearly 6% after the company agreed to buy the 49% stake in Virgin Atlantic Airways held by Singapore Airlines for $360M... MAJOR MOVERS: Among the notable gainers were TNS (TNS), up 43% after agreeing to be acquired by Siris Capital for $21 per share, and Clearwire (CLWR), up over 14% after CNBC reported Sprint (S) is in talks to acquire the stake in the company it does not already own. Also higher were shares of Gardner Denver (GDI), which rose 2% after Reuters said the company is in exclusive buyout talks with SPX Corp. (SPW). Shares of SPX, however, fell almost 8% after the report. Among the other noteworthy losers were Dollar General (DG), down 5.9% after its guidance fell short of Street estimates, and peer Family Dollar (FDO), which fell 5.8% in sympathy... INDICES: Near 12:30 pm ET, the Dow was up 117.83, or 0.89%, to 13,287.71; the Nasdaq was up 42.00, or 1.41%, to 3,028.96; and the S&P 500 was up 13.88, or 0.98%, to 1,432.43.
News For AIG;DAL;CLWR;S;TNS;GDI;SPW;DG;FDO From The Last 14 Days
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December 11, 2014
16:59 EDTFDOElliott Associates reports 6.8% stake in Family Dollar
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10:02 EDTDALAmerican Express, Delta Air Lines announce multi-year partnership extension
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09:28 EDTDALDelta Air Lines targets annual EPS growth of 10%-15% after FY15
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09:18 EDTDALDelta Air Lines CEO says company is run on 'investment-grade metrics'
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07:47 EDTDALDelta Air Lines remains top pick among airlines, says UBS
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05:52 EDTDGStocks with implied volatility above IV index mean; DG EBAY
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December 10, 2014
10:24 EDTSSprint retreats after Oppenheimer cuts rating to Underperform amid price war
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10:00 EDTDGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 3D Systems (DDD) initiated with an Underperform at Longbow... AutoZone (AZO) initiated with a Buy at Nomura... C.H. Robinson (CHRW) initiated with a Neutral at Nomura... CSX (CSX) initiated with a Buy at Nomura... CVS Health (CVS) initiated with a Neutral at Citigroup... Canadian National (CNI) initiated with a Neutral at Nomura... Carrizo Oil & Gas (CRZO) initiated with a Buy at Canaccord... CenterPoint Energy (CNP) initiated with a Neutral at Nomura... Con-way (CNW) initiated with a Neutral at Nomura... Cornerstone OnDemand (CSOD) initiated with a Buy at BofA/Merrill... Depomed (DEPO) initiated with an Outperform at RBC Capital... Dollar General (DG) initiated with a Buy at Citigroup... Dollar Tree (DLTR) initiated with a Neutral at Citigroup... Dynagas LNG (DLNG) initiated with a Buy at ABN Amro... EMC (EMC) initiated with a Neutral at JPMorgan... Energy Focus (EFOI) initiated with a Buy at Roth Capital... Expeditors (EXPD) initiated with a Neutral at Nomura... GasLog (GLOG) initiated with a Buy at ABN Amro... Genesee & Wyoming (GWR) initiated with a Neutral at Nomura... Golar LNG (GLNG) initiated with a Sell at ABN Amro... HII Technologies (HIIT) initiated with a Buy at Roth Capital... Hudbay Minerals (HBM) initiated with an Overweight at Barclays... J.B. Hunt (JBHT) initiated with a Buy at Nomura... Kansas City Southern (KSU) initiated with a Buy at Nomura... Kroger (KR) initiated with a Buy at Citigroup... Lear (LEA) initiated with a Buy at Northcoast... Lundin Mining (LUNMF) initiated with an Overweight at Barclays... NetApp (NTAP) initiated with a Neutral at JPMorgan... Norfolk Southern (NSC) initiated with a Neutral at Nomura... PROS (PRO) initiated with an Outperform at Pacific Crest... Qlik Technologies (QLIK)initiated with a Buy at BofA/Merrill... Rentokil (RTOKY) initiated with a Neutral at UBS... Revolution Lighting (RVLT) initiated with a Buy at Roth Capital... ServiceNow (NOW) initiated with a Buy at BofA/Merrill... Stratasys (SSYS) initiated with a Neutral at Longbow... Suburban Propane (SPH) initiated with a Hold at Stifel... Tableau (DATA) initiated with a Buy at BofA/Merrill... Teekay LNG (TGP) initiated with a Buy at ABN Amro... Tessera (TSRA) initiated with a Buy at Sidoti... Union Pacific (UNP) initiated with a Buy at Nomura... Viper Energy (VNOM) initiated with a Buy at Stifel... Visteon (VC) initiated with a Buy at Northcoast... Walgreen (WAG) initiated with a Buy at Citigroup... Werner (WERN) initiated with a Neutral at Nomura.
10:00 EDTSOn The Fly: Analyst Downgrade Summary
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09:12 EDTSRadioShack threatens bankruptcy if cell phone deals not reworked, NY Post says
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07:58 EDTSSprint downgraded to Underperform from Perform at Oppenheimer
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06:16 EDTFDO, DGDollar General initiated with a Buy at Citigroup
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06:00 EDTDALBarclays upgrades United, American amid lower oil prices
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06:00 EDTDGStocks with implied volatility above IV index mean; DG OPK
Stocks with implied volatility above IV index mean; OPKO Health (OPK) 36, Dollar General (DG) 37 according to iVolatility.
05:39 EDTDALUnited Continental upgraded to Overweight from Underweight at Barclays
Barclays upgraded United Continental (UAL) two notches to Overweight from Underweight citing the benefits from lower oil prices. The firm raised its price target for shares to $76 from $52. The airliner closed yesterday down $1.73 to $62.52. Barclays also upgraded American Airlines (AAL) this morning to Overweight. Its top picks in the space are Spirit Airlines (SAVE), then American and United, followed by Delta Air Lines (DAL) and Southwest (LUV). It now has Overweight ratings on all four major U.S. airlines.
December 9, 2014
10:57 EDTDALDelta Air Lines volatility elevated into a company hosted investor meeting
Delta Air Lines December weekly call option implied volatility is at 64, December is at 43, January and February is at 37; compared to its 26-week average of 35 according to Track Data, suggesting large near term price movement into a company hosted investor meeting to be held on December 11.
10:28 EDTSVerizon drops after warning about promotional impact on profits
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09:52 EDTDALDelta Air Lines to host investor day
Investor Day to be held on December 11 at 8:30 am. Webcast Link
06:07 EDTDGStocks with implied volatility above IV index mean; DG OPK
Stocks with implied volatility above IV index mean; OPKO Health (OPK) 41, Dollar General (DG) 37 according to iVolatility.
December 8, 2014
14:56 EDTSMDC Partners climbs for third day after making announcement on CRM unit
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