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Stock Market & Financial Investment News

News Breaks
January 11, 2013
10:12 EDTWPZ, PANW, OKSB, OC, MAS, AOL, GWAY, ABT, DISCA, SSTK, MRH, GMT, SCOR, CIEN, VRSN, ROSE, SLXP, TAP, DHI, AIGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AIG (AIG) initiated with an Outperform at FBR Capital... AOL (AOL) initiated with a Hold at Cantor... comScore (SCOR) initiated with a Hold at Cantor... D.R. Horton (DHI) initiated with a Buy at BofA/Merrill... GATX Corp. (GMT) initiated with a Buy at Stifel Nicolaus... Masco (MAS) initiated with a Buy at BofA/Merrill... Molson Coors (TAP) initiated with a Buy at Nomura... Montpelier Re (MRH) initiated with a Market Perform at JMP Securities... Owens Corning (OC) initiated with a Buy at BofA/Merrill... Salix (SLXP) initiated with an Outperform at RBC Capital... Shutterstock (SSTK) initiated with a Buy at Cantor... Southwest Bancorp (OKSB) initiated with a Buy at DA Davidson... Rosetta Resources (ROSE) initiated with an Overweight at Stephens... Discovery (DISCA) coverage resumed with a Neutral at JPMorgan... Palo Alto (PANW) initiated with a Neutral at B. Riley Caris... VeriSign (VRSN) initiated with a Neutral at B. Riley Caris... Abbott (ABT) initiated with an Equal Weight at Barclays... Williams Partners (WPZ) initiated with a Buy at Global Hunter... Ciena (CIEN) initiated with a Buy at Maxim... Greenway Medical (GWAY) initiated with a Buy at Sidoti.
News For AIG;SCOR;AOL;DHI;GMT;MAS;TAP;MRH;OC;SLXP;SSTK;OKSB;ROSE;DISCA;PANW;VRSN;ABT;WPZ;CIEN;GWAY From The Last 14 Days
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January 25, 2016
17:19 EDTSCORChemours to replace comScore in S&P 600 as of 1/29 close
17:18 EDTSCORcomScore to replace Chemours in S&P 400 as of 1/29 close
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17:16 EDTABTMMS exploring sale of acute care unit, Reuters says
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15:55 EDTAIGAIG volatility up into conference call on strategy to drive shareholder value
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12:17 EDTWPZOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday as oil prices resumed their slide, giving up some of the surge the commodity saw to close out last week. The stock market, which has been highly correlated with oil lately, continues to be led around by energy prices once again today. ECONOMIC EVENTS: In the U.S., the economic calendar was light with the Dallas Fed manufacturing survey the lone report of note. The survey came in at -34.6, below the revised prior reading of -21.6 and short of the consensus -14.5 forecast. WTI crude oil dropped about 5% to trade near $30.50 per barrel near midday. COMPANY NEWS: Shares of McDonald's (MCD) advanced a bit over 1% after the fast food giant reported better than expected earnings and comparable sales growth for the fourth quarter, powered by the launch of All Day Breakfast in the U.S. On the other side of the Dow was Caterpillar (CAT), which fell nearly 4% to lead the bluechip index on the down side after its stock was downgraded to Sell at Goldman Sachs... Twitter (TWTR) fell about 4% after CEO Jack Dorsey confirmed on Sunday night the departure of four company executives, leading research firm Stifel to downgrade the shares. MAJOR MOVERS: Among the notable gainers was Tyco (TYC), which rallied 10.8% after it announced that it entered into a definitive merger agreement with Johnson Controls (JCI). Johnson shares fell 2% after the deal announcement. Also higher was Williams Partners (WPZ), which gained 7% after it lowered its estimate of its 2016 growth capital funding needs to $2B, 32% lower than its previous plans. Among the noteworthy losers was OncoMed (OMED), which fell 46% after the company said its Phase 2 ALPINE clinical trial showed futility on an interim analysis. Also lower were KapStone (KS), WestRock (WRK), and Packaging Corp (PKG), which dropped 20%, 13%, and 11%, respectively, after an industry publication reported that prices in the sector had declined. INDEXES: Near midday, the Dow was down 78.00, or 0.48%, to 16,015.51, the Nasdaq was down 23.34, or 0.51%, to 4,567.84, and the S&P 500 was down 11.89, or 0.62%, to 1,895.01.
11:47 EDTDHID.R. Horton: Market to be cooperative with absorption rate guidance
Sees market being cooperative with absorption rate guidance. Says aiming to continue aggregating market share "market by market." Says absorption improvements will be "solid" in 2016, but not as great as in previous years.
11:29 EDTDHID.R. Horton: Will be 'very disciplined' on M&A front in 2016
Says had "positive" January, sees "positive things" in the housing market. Says looking for acquisitions that "make sense." Says will be "very disciplined" on M&A front. Says M&A activity has been at a "very high" pace recently, hasn't exactly picked up. Says feeling "very good" about land supply, at "sufficient level" to support expectations. Says cash position allows company to be opportunistic and flexible when it comes to M&A.
11:16 EDTDHID.R. Horton backs FY16 consolidated revenue view $12B-$12.5B, consensus $12.06B
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11:16 EDTDHID.R. Horton sees quarterly gross margin largely unchanged
Sees quarterly gross margin largely unchanged. Sees Q2 number of homes closed backlog conversion rate 82%-85%. Sees Q2 homebuilding gross margin 10.3%-10.6%. Comments taken from Q1 earnings conference call. D.R. Horton fell 5.12% to $26.29 in morning trading.
10:04 EDTSCORcomScore initiated with an Outperform at Macquarie
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10:00 EDTMASOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Express (AXP) upgraded to Perform from Underperform at Oppenheimer... BankMutual (BKMU) upgraded to Outperform from Market Perform at Hovde Group... Black Hills (BKH) upgraded on acquisition at BMO Capital... Bruker (BRKR) upgraded to Buy from Hold at Cantor... Cedar Fair (FUN) upgraded to Conviction Buy from Buy at Goldman... Charles Schwab (SCHW) upgraded to Buy from Neutral at Nomura... Corporate Office Properties (OFC) upgraded to Buy from Neutral at Mizuho... Entegris (ENTG) upgraded on valuation, outlook at Pacific Crest... First Financial upgraded to Outperform from Market Perform at Keefe Bruyette... Goldman Sachs (GS) upgraded to Buy from Neutral at Nomura... Graphic Packaging (GPK) upgraded to Outperform from Neutral at Macquarie... Home Depot (HD) upgraded to Buy from Hold at Deutsche Bank... Intel (INTC) upgraded to Outperform from Neutral at Macquarie... J.B. Hunt (JBHT) upgraded to Buy from Hold at BB&T... Magna (MGA) upgraded to Buy from Neutral at Citi... Masco (MAS) upgraded to Buy from Hold at Evercore ISI... Mattel (MAT) upgraded to Conviction Buy from Buy at Goldman... O'Reilly Automotive (ORLY) upgraded to Buy from Hold at Deutsche Bank... PACCAR (PCAR) upgraded to Buy from Neutral at Citi... People's United (PBCT) upgraded to Neutral from Underweight at Piper Jaffray... Quality Systems (QSII) upgraded to Overweight from Neutral at Piper Jaffray... RadiSys (RSYS) upgraded to Buy from Hold at Needham... Standard Motor (SMP) upgraded to Buy from Neutral at CL King... Swedbank (SWDBY) upgraded to Hold from Underperform at Jefferies... Toll Brothers (TOL) upgraded to Strong Buy from Outperform at Raymond James... Voyager Therapeutics (VYGR) upgraded to Neutral from Sell at Chardan... Yahoo (YHOO) upgraded to Buy from Hold at Pivotal Research.
08:11 EDTWPZWilliams says Q4 gathered volumes grew in Northeast, stable in West
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08:10 EDTWPZWilliams Partners approves distribution of 85c
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08:08 EDTWPZWilliams Partners lowers 2016 growth capital funding needs view to $2B
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07:51 EDTOC, MASHousing repair and remodel stocks should be bought, says RBC Capital
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07:03 EDTDHID.R. Horton reports Q1 net sales orders up 9% in homes to 8,064
Reports Q1 homes closed up 1% in homes to 8,061.
07:01 EDTDHID.R. Horton reports Q1 EPS 42c, consensus 41c
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06:37 EDTMASMasco upgraded to Buy from Hold at Evercore ISI
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January 24, 2016
18:02 EDTAIGAIG considering ringfencing measures, FT says
As the company looks to downplay demands from activist shareholders, AIG is considering a plan to ringfence troubled, unprofitable policy blocks from the rest of the group, reports the Financial Times, citing corporate financiers. Reference Link
13:58 EDTAIGAIG to sell broker-dealers, offer shares of mortgage insurance unit, WSJ says
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