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Stock Market & Financial Investment News

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March 19, 2012
11:47 EDTS, RSOL, CFR, CVU, APA, SCHN, MEMS, CYN, BBBY, ATK, VRTX, RDC, EBAY, CRME, ACI, AIXGOn The Fly: Analyst Downgrade Summary
Today’s notable downgrades include: Aixtron (AIXG) downgraded to Underweight from Neutral at HSBC…Alliant Techsystems (ATK) downgraded to Underweight from Equal Weight at Barclays…Apache (APA) downgraded to Neutral from Buy at Goldman…Arch Coal (ACI) downgraded to Sell from Neutral at Goldman…Bed Bath & Beyond (BBBY) downgraded to Neutral from Buy at Longbow…CPI Aerostructures (CVU) downgraded to Hold from Buy at Capstone…Cardiome (CRME) downgraded to Market Perform from Outperform at BMO Capital…City National (CYN) downgraded to Neutral from Buy at B. Riley …Cullen/Frost (CFR) downgraded to Hold from Buy at Wunderlich…eBay (EBAY) downgraded to Neutral from Buy at Citigroup…Memsic (MEMS) downgraded to Hold from Buy at Needham…Real Goods Solar (RSOL) downgraded to Hold from Buy at Cantor…Rowan Companies (RDC) downgraded to Neutral from Overweight at JPMorgan…Schnitzer Steel (SCHN) downgraded to Neutral from Buy at Davenport…Sprint (S) downgraded to Underperform from Market Perform at Bernstein…Vertex (VRTX) downgraded to Underweight from Equal Weight at Morgan Stanley.
News For AIXG;ATK;APA;ACI;BBBY;CVU;CRME;CYN;CFR;EBAY;MEMS;RSOL;RDC;SCHN;S;VRTX From The Last 14 Days
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November 18, 2014
08:37 EDTEBAYeBay increasingly threatened by Alibaba, says Bernstein
After conducting research in China, Bernstein believes that Alibaba's (BABA) international expansion poses an increasing competitive threat to eBay (EBAY) Marketplaces. The firm says that 25% of eBay's gross merchandise volume is generated outside of the U.S., and it believes a significant amount of that comes from China. Bernstein believes it is possible but not likely that Alibaba will buy eBay Marketplaces after its spin off. The firm keeps a $60 price target and Outperform rating on eBay.
06:39 EDTATKATK to host business news update conference call
Conference call to discuss transaction with Orbital and on the Sporting Group business will be held on November 19 at 4:30 pm. Webcast Link
06:34 EDTACIArch Coal initiated with an Underperform at BMO Capital
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06:27 EDTSSprint's Chief Marketing Officer to leave company, WSJ reports
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06:23 EDTSSprint names Douglas Michelman to management team, to replace Bill White
Sprint (S) announced the appointment of Douglas Michelman to Sprint’s leadership team. Most recently, he spent 10 years as Chief Communications Officer at Visa (V), where he oversaw global media relations, public affairs, industry analyst relations and financial and communication strategies. Prior to Visa, Michelman served in various roles at FleishmanHillard, including regional president and senior partner. In addition to his many years of corporate experience, Michelman’s communications background also includes staff positions for two presidential campaigns. Michelman replaces Bill White, Senior Vice President of Corporate Communications and Corporate Social Responsibility, who will be leaving the company. White spent the past 32 years with Sprint. Michelman joins Sprint on Monday, Dec. 1, 2014, and will be relocating to Overland Park, Kansas.
November 17, 2014
18:01 EDTATKATK, Orbital continue to support plans for merger
Alliant Techsystems (ATK) and Orbital Sciences (ORB) announced that the two companies have set January 27, 2015 as the new date for their separate, special stockholder meetings in connection with the proposed transaction to spin off ATK's Sporting Group business and immediately thereafter, merge ATK's Aerospace and Defense Groups with Orbital. On October 28, both companies communicated they would hold separate, special stockholder meetings on December 9, for ATK stockholders to vote on the issuance of shares to stockholders of Orbital and for Orbital stockholders to vote on the proposed transaction. Following this announcement on October 28, a failure occurred during Orbital's Antares launch. Since the incident, the companies have conducted a thorough review and analysis of the launch failure and Orbital's proposed recovery plan and long-term competitive position. Following this review, ATK's board of directors continues to support the strategic merits of the transaction and recommends that ATK stockholders vote to approve the issuance of shares to Orbital stockholders. Orbital's board of directors also continues to recommend that Orbital stockholders vote to approve the proposed transaction. As a result of the Antares launch failure and the time required to complete the subsequent review process, the companies have postponed the special stockholder meetings until January 27, 2015, to be held at each company's respective corporate headquarters. ATK and Orbital stockholders of record as of the close of business on December 16 will be entitled to vote at their respective special stockholder meetings. The record date for the spinoff will be determined and publicly announced at a later date. The transaction is expected to close in February 2015, and is subject to customary closing conditions including regulatory approvals and the approval of both ATK's and Orbital's stockholders. Additional information concerning the special meetings and the transaction will be included in an amendment to the ATK registration statement on Form S-4, which will be filed with the Securities and Exchange Commission and, once declared effective, the joint proxy statement/prospectus will be mailed to ATK and Orbital stockholders who are entitled to vote at the respective special meetings.
15:36 EDTEBAYSnapchat partners with Square on money messaging service, Re/code reports
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10:02 EDTEBAYAmazon SSS up 36% in second week November, eBay up 10%, ChannelAdvisor says
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08:47 EDTCVUCPI Aerostructures awarded $53.5M contract for F-16 wing components from DLA
CPI Aerostructures announced that it has received a U.S. Government prime contract from the Defense Logistics Agency, or DLA, to provide structural wing components and logistical support for global F-16 aircraft maintenance, repair and overhaul, or MRO, operations. DLA Aviation, Richmond, VA is the contracting activity. CPI Aero will support wing MRO efforts for both the U.S. fleet of more than 1,000 F-16 aircraft as well as the nearly 1,900 F-16s flown by air forces around the world. The term of the contract is for a period of 5 years, with a single option for an additional 3-year period. The company estimates the value of the contract, including options, to be approximately $53.5M.
08:38 EDTCRMECardiome enters commercialization agreement with Aspen for BRINAVESS
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07:27 EDTATKATK upgraded to Buy from Neutral at Monness Crespi
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07:11 EDTCFRStephens to hold a field trip
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November 14, 2014
17:01 EDTEBAYIcahn Associates gives quarterly update on stakes
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16:58 EDTBBBY, EBAYThird Point gives quarterly update on stakes
NEW STAKES: Alibaba (BABA), eBay (EBAY), Bed Bath & Beyond (BBBY), Shire (SHPG), and Parker Hannifin (PH). INCREASED STAKES: Actavis (ACT), Amgen (AMGN), EQT (EQT), Sensata (ST), Coca-Cola Enterprises (CCE). DECREASED STAKES: Williams Cos (WMB), Ally Financial (ALLY), Cheniere Energy (LNG), YPF (YPF), and FedEx (FDX). LIQUIDATED STAKES: AIG (AIG), T-Mobile (TMUS), Rackspace (RAX), Hertz (HTZ), and Citrix Systems (CTXS).
12:53 EDTSOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
09:38 EDTAPA, EBAYJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
November 13, 2014
15:45 EDTRDCHalliburton, Baker Hughes in fast-moving merger talks, WSJ reports
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10:01 EDTATKOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ATK (ATK) downgraded to Hold from Buy at Argus... Adeptus Health (ADPT) downgraded to Hold from Buy at Deutsche Bank... American Woodmark (AMWD) downgraded to Neutral from Buy at Longbow... Avnet (AVT) downgraded to Sell from Neutral at Goldman... Baxano Surgical (BAXS) downgraded to Sell from Buy at Summer Street... Beazer Homes (BZH) downgraded to Neutral from Overweight at JPMorgan... Bristol-Myers (BMY) downgraded to Equal Weight from Overweight at Morgan Stanley... Centene (CNC) downgraded to Market Perform from Outperform at FBR Capital... Cherry Hill Mortgage (CHMI) downgraded to Equal Weight from Overweight at Barclays... Discover (DFS) downgraded to Hold from Buy at Deutsche Bank... Fleetmatics (FLTX) downgraded to Neutral from Buy at BofA/Merrill... Gazprom (OGZPY) downgraded to Neutral from Overweight at JPMorgan... Jabil Circuit (JBL) downgraded to Neutral from Buy at Goldman... LabCorp (LH) downgraded to Hold from Buy at Deutsche Bank... Laredo Petroleum (LPI) downgraded at BMO Capital... Macy's (M) downgraded to Market Perform from Outperform at Wells Fargo... Madison Square Garden (MSG) downgraded to Equal Weight from Overweight at Morgan Stanley... Marvell (MRVL) downgraded to Sell from Neutral at Goldman... Meritor (MTOR) downgraded to Neutral from Overweight at Piper Jaffray... Swedbank (SWDBY) downgraded to Underperform from Sector Perform at RBC Capital... TransGlobe (TGA) downgraded to Sector Perform from Outperform at Scotia Capital... UIL Holdings (UIL) downgraded to Hold from Buy at Argus... Verint Systems (VRNT) downgraded to Fair Value from Buy at CRT Capital... ZAIS Financial (ZFC) downgraded to Equal Weight from Overweight at Barclays.
09:30 EDTEBAYDiscover COO says U.S. consumer 'not great'
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08:12 EDTATKATK downgraded to Hold from Buy at Argus
Argus downgraded ATK to Hold citing an uncertain outlook with the proposed Orbital Sciences merger under review after the Antares rocket exploded.
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