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Stock Market & Financial Investment News

News For AIV;ARE;BXP;FAST;GGP;OCN;SPG;SCCO;EVER;SBUX;MNST;CVX;CP From The Last 14 Days
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August 26, 2014
09:50 EDTSPGOn The Fly: Analyst Downgrade Summary
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06:45 EDTCVXChevron aims for $1.5B in Canadian oil endeavor, Reuters says
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06:17 EDTSPGSimon Property downgraded to Market Perform from Outperform at BMO Capital
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August 25, 2014
16:36 EDTCVXPacific Drilling gets firm contract extension for the Pacific Bora
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August 22, 2014
13:33 EDTSCCOSouthern Copper Chairman Velasco discloses 170K share purchase
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12:40 EDTAIVAimco management to meet with Morgan Stanley
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05:42 EDTMNSTStocks with implied volatility below IV index mean; MNST VRNG
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August 21, 2014
06:08 EDTSCCOGrupo Mexico said heavy rains caused accidental spill in Mexico mine
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05:58 EDTMNSTStocks with implied volatility below IV index mean; MNST VRNG
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August 20, 2014
07:44 EDTMNSTMonster Beverage price target raised to $115 from $84 at RBC Capital
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06:46 EDTOCNSEC sought information on Ocwen Financial's ties to other firms, NY Times says
Ocwen Financial has received a subpoena from the SEC for documents relating to other companies with which it does business, the company reported in a regulatory filing earlier this week, according to The New York Times. The executive chairman of Ocwen, William Erbey, is chairman of some of these other companies, the newspaper stated. Reference Link
06:26 EDTCPU.S. regulators call meeting with BNSF, Canadian Pacific over delays, WSJ says
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August 19, 2014
11:43 EDTMNSTMonster Beverage channel data relatively in-line, says Jefferies
Jefferies said Total energy drink sales were up 5.9% year-over-year in the C&G channel for the four weeks ended August 2, down from +6.6% in the prior 12-weeks ended July 5. The firm said the data is relatively in-line with Monster Beverage Street expectations.
10:13 EDTMNSTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CNOOC (CEO) downgraded to Hold from Buy at Jefferies... Guess (GES) downgraded to Neutral from Overweight at Piper Jaffray... Ingersoll-Rand (IR) downgraded at RW Baird... Lehigh Gas (LGP) downgraded to Neutral from Buy at Ladenburg... Lexicon (LXRX) downgraded to Hold from Buy at Gabelli... Monster Beverage (MNST) downgraded to Neutral from Buy at SunTrust... Nobel Biocare (NBHGY) downgraded to Hold from Buy at Berenberg... Saint Joe Co. (JOE) downgraded to Market Perform from Outperform at Raymond James... SolarCity (SCTY) downgraded at RW Baird.
09:33 EDTMNSTMonster Beverage price target raised to $125 from $87 at Goldman
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06:05 EDTMNSTMonster Beverage downgraded to Neutral from Buy at SunTrust
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August 18, 2014
16:52 EDTMNSTOn The Fly: Closing Wrap
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13:12 EDTMNSTAnalysts mixed on Monster Beverage following Coke deal
Analysts had mixed outlooks on energy drink maker Monster Beverage (MNST) in notes to investors earlier today. The analyst comments come after last Thursday night’s announcement that Monster had formed a strategic partnership with Coca-Cola, which included Coca-Cola taking a 16.7% stake in the energy drink maker. BEARISH TAKE: Jefferies analyst Kevin Grundy downgraded Monster Beverage to Hold from Buy, saying that the stock's valuation "looks full" following its rally on Friday. The potential for a strategic deal is no longer a positive catalyst for Monster's stock, as that catalyst largely played out Friday, Grundy believes. Although Coca-Cola is likely to increase its stake in Monster, it will likely take years to do so, the analyst forecast. Additionally, the growth of the global energy drink space has been slowing in recent months, creating risk for Monster, the analyst believes. However, Grundy did raise his price target on the shares to $95 from $80. BULLISH TAKE: The deal is "a big win" for both Monster and Coca-Cola, but Monster will benefit more, analysts at Wells Fargo contended. The deal should significantly increase Monster's opportunity in international markets, according to the firm. Moreover, Wells believes that the market has historically undervalued Monster's international potential, and it estimates that the company's international business is worth about $65 per share. The firm raised its price target range on the stock to $104-$106 from $79-$81 and kept an Outperform rating on the shares. Like Wells Fargo, Credit Suisse expects the deal to accelerate the growth of Monster's international business. Additionally, the firm thinks that Monster could return a significant percentage of the $2.1B it received from Coca-Cola to shareholders, either through share repurchases or a one-time dividend. Credit Suisse increased its price target on Coca-Cola to $98 from $82 and kept an Outperform rating on the shares. PRICE ACTION: In early afternoon trading, Monster dropped 4% to $89.50. On Thursday the stock closed at $71.65.
12:18 EDTMNSTThe Fly: Midday Wrap
The market opened in positive territory following news that Russia and Ukraine were working on a potential ceasefire. The market had faltered on Friday following reports that the Ukraine army had attacked a Russian military vehicle after it crossed into Ukraine territory. The market opened sharply higher and then received an additional boost when the NAHB Housing market Index came in above expectations. The averages quickly moved to session highs, lifting the S&P to its highest level ever and putting August on track for the best monthly performance since February. ECONOMIC EVENTS: The NAHB homebuilder sentiment index rose 2 points to 55 in August. The index had climbed 4 points to 53 in July. This is the highest level since January's 56. The single family sales index edged up to 58 from 56 (revised from 57). The future index was 65 from 63 (revised from 64). The index of prospective buyer traffic improved to 42 from 39 (revised from 39). Data was better than expected. COMPANY NEWS: Shares of discount retailer Dollar General (DG) were higher by about 10% after the company announced a proposal to acquire rival Family Dollar (FDO) for $78.50 per share in cash, in a transaction valued at $9.7B. Shares of Family Dollar rose approximately 5% on the news. MAJOR MOVERS: Among the notable gainers was Sensata Technologies (ST), which rose 5.6% after after agreeing to buy privately held Schrader International for $1B. Also higher was Lannett (LCI), which gained 9.3% after the company said fourth quarter and full-year 2014 earnings per share and revenue would exceed analysts' consensus estimates. Among the noteworthy losers was Monster Beverage (MNST), which fell about 4% after research firm Jefferies downgraded the shares to Hold from Buy saying the valuation looks full following its recent rally. Also lower was NXP Semiconductors (NXPI), which dropped 2.3% after Goldman Sachs downgraded the company to Sell from Neutral, and downgraded the semiconductor sector to Cautious from Neutral. The firm expects consensus estimates to move lower due to cyclical headwinds, increased Q4 and Q1 seasonality, and a RF correction. Goldman lowered their price target on the shares to $54 from $58. INDEXES: Near midday, the Dow was up 168.13, or 1.01%, to 16,831.04, the Nasdaq rose 44.11, or 0.99%, to 4,508.87, and the S&P 500 was higher by 16.79, or 0.86%, to 1,971.88.
10:01 EDTMNSTOn The Fly: Analyst Downgrade Summary
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09:03 EDTMNSTOn The Fly: Pre-market Movers
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07:41 EDTMNSTMonster Beverage price target raised to $104-$106 from $79-$81 at Wells Fargo
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07:12 EDTMNSTMonster Beverage price target raised to $98 from $82 at Credit Suisse
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07:10 EDTOCNOcwen Financial discloses material weakness in internal control
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05:27 EDTMNSTMonster Beverage downgraded to Hold from Buy at Jefferies
Jefferies downgraded Monster Beverage to Hold with a $95 price target saying the valuation looks full following the recent rally in shares.
August 15, 2014
16:38 EDTMNSTOn The Fly: Closing Wrap
Stocks on Wall Street began the session in positive territory despite some soft economic data points, including a weaker than expected report on manufacturing in the New York area and a lower than expected consumer confidence reading. The market short circuited following reports of a skirmish in the Ukraine where a Russian convoy was supposedly fired upon when it crossed the border. The averages quickly dropped and were only able to partially recover, as investors moved to the sidelines to avoid additional geopolitical risk over the weekend. ECONOMIC EVENTS: The NY Fed's Empire manufacturing survey had a reading of 14.69, versus expectations for a 20.0 reading. The Producer Price Index increased 0.1% overall, matching expectations. The core reading was up 0.2%, which was also in-line with the consensus forecast. Industrial production increased 0.4% in July, beating the consensus 0.2% growth forecast. That nudged up capacity utilization to 79.2%, versus 79.1% previously. The first University of Michigan consumer confidence reading for August fell 2.6 points to 79.2, versus expectations for it to have edged up to 82.0. Treasury international capital data showed foreigners dumped $153.5B in total U.S. assets in July after buying a revised $33.1B in June. COMPANY NEWS: Shares of Monster Beverage (MNST) surged $21.84, or 30.48%, to $93.49 after Coca-Cola (KO) bought a stake in the energy drink maker and the companies announced a long-term strategic partnership and asset swap. Coca-Cola will pay $2.15B for a 16.7% stake in Monster, the companies announced last night. Under the terms of their agreement, Coca-Cola will add two directors to Monster's board. Coke will transfer ownership of its worldwide energy business including brands like NOS, Full Throttle, Burn, Mother, Play and Power Play, and Relentless to Monster, in trade for which Monster will transfer its non-energy business to Coke. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 81c, or 9.6%, to $9.25 after the company announced interim results from an ongoing Phase 2 proxy study of a potential chronic hepatitis C virus regimen that analysts at Piper Jaffray called "impressive." Also higher was Paylocity (PCTY), which advanced $2.17, or 9.79%, to $24.34 after reporting better than expected fourth quarter revenue and guiding to higher than expected sales in its first quarter. Among the noteworthy losers was retailer J.C. Penney (JCP), which fell 24c, or 2.46%, to $9.50 despite posting a narrower than expected loss for the second quarter. Also lower were shares of another department store owner, Dillard's (DDS), which dropped $9.49, or 8.21%, to $106.11 after reporting quarterly results that missed expectations. INDEXES: The Dow dropped 50.67, or 0.3%, to 16,662.91, the Nasdaq gained 11.92, or 0.27%, to 4,464.93, and the S&P 500 slipped 0.12, or 0.01%, to 1,955.06.
12:39 EDTMNSTOn The Fly: Midday Wrap
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12:16 EDTMNSTMonster surges as Coca-Cola takes 16.7% stake in company
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10:32 EDTMNSTHigh option volume stocks
High option volume stocks: BXR IRWD ACM CECO TCK JAH MNST AVB EDU DAR
10:01 EDTMNSTOn The Fly: Analyst Upgrade Summary
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09:10 EDTMNSTOn The Fly: Pre-market Movers
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09:09 EDTMNSTMonster Beverage to hold a conference call
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09:03 EDTMNSTMonster Beverage sees 2013 pro forma op. income above $700M after Coke deal
Monster Beverage (MNST) estimated its 2013 operating income to be over $700M on a pro forma basis following its new deal, as compared to $600M for "current Monster," the company stated in slides discussing its long-term strategic partnership and asset swap with Coca-Cola (KO). The company estimated its 2013 pro forma 2013 net sales at $2.4B, up from $2.2B for current Monster. The company sees a pro forma 2Q14 cash balance of $2.6B, compared to $0.8B for current Monster. Reference Link
07:16 EDTMNSTCoca-Cola stake in Monster a win-win for both, says Wells Fargo
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07:12 EDTMNSTMonster Beverage price target raised to $94 from $75 at Stifel
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07:09 EDTMNST, MNSTMonster Beverage upgraded to Outperform from Underperform at CLSA
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06:39 EDTSBUXTim Hortons aims to lure customers via new coffee launch, Reuters says
Tim Hortons (THI) is looking to attract new customers and fight competitors, such as Starbucks (SBUX) and McDonald's (MCD), by revealing a new dark roast coffee blend throughout North America while possibly increasing prices to fend-off increasing expenses and rivals, according to Reuters, citing comments from Tim Hortons CEO Marc Caira. Caira said, "Looking at the coffee market, I would suggest that, given the degree of cost increases, that we are looking at prices going up sometime in 2015." Reference Link
06:24 EDTMNSTMonster Beverage volatility expected to move on Coca-Cola takes 16.7% stake
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August 14, 2014
19:08 EDTMNSTOn The Fly: After Hours Movers
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17:58 EDTMNSTSodaStream up 3.5% after Coca-Cola takes stake in Monster Beverage
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17:08 EDTMNSTSoros Fund Management gives quarterly update on stakes
NEW STAKES: CONSOL Energy (CNX), Google (GOOG), Level 3 (LVLT), Time Warner (TWC), and New Oriental (EDU). INCREASED STAKES: YPF SA (YPF), Apple (AAPL), Facebook (FB), AIG (AIG), and American Airlines (AAL). DECREASED STAKES: Teva (TEVA), Liberty Global (LBTYK), Barrick Gold (ABX), EQT (EQT), and Comcast (CMCSA). LIQUIDATED STAKES: FedEx (FDX), Monster Beverage (MNST), Google (GOOGL), Devon Energy (DVN), Marathon Petroleum (MPC).
17:02 EDTAIV, CPPershing Square gives quarterly update on stakes
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16:50 EDTMNSTMonster Beverage up 24% after Coca-Cola takes 16.7% stake
16:43 EDTMNSTCoca-Cola, Monster Beverage enter into long-term strategic partnership
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16:40 EDTMNSTCoca-Cola takes 16.7% stake in Monster Beverage for $2.15B
14:13 EDTOCNOmega Advisors gives quarterly update on stakes
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