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Stock Market & Financial Investment News

News Breaks
March 19, 2012
11:47 EDTVRTX, RDC, EBAY, CRME, ACI, AIXG, S, RSOL, CFR, CVU, APA, SCHN, MEMS, CYN, BBBY, ATKOn 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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August 25, 2015
18:11 EDTRDCTranocean tanks after proposing dividend cancellations, peers follow
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06:06 EDTSStocks with implied volatility below IV index mean; S GOOG
Stocks with implied volatility below IV index mean; Sprint (S) 77, Google (GOOG) 41 according to iVolatility.
August 24, 2015
16:46 EDTACIPresident Obama announces new renewable energy commitments
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13:36 EDTVRTXBiotech correction presents some opportunities, says RBC Capital
RBC Capital analyst Michael Yee said he won't try to pick the short-term bottom in biotech, but contends that any macro weakness in China shouldn't have any major impact to financials or fundamentals for the sector given their minimal exposure there. If the market continues to be volatile, Yee recommends a focus on names with defensive characteristics, such as higher margins and free cash flow yield, naming Amgen (AMGN), Celgene (CELG) and Gilead (GILD) as some examples. The analyst adds that he likes Vertex (VRTX) on the pullback for "more aggressive" growth investors. Yee has Outperform ratings on all of the stocks mentioned above.
08:11 EDTEBAYeBay Motors partners with Assurant to extend warranties on purchase
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08:03 EDTCRMECardiome expands commercialization partnership with Eddingpharm
Cardiome announced that its subsidiary, Correvio International Sarl, has entered into an exclusive license and supply agreement with Eddingpharm to distribute and commercialize AGGRASTAT in China. Financial terms of the agreement include milestone payments and minimum annual commercial commitments. The financial terms of the agreement are not disclosed.
August 20, 2015
10:00 EDTCFROn The Fly: Analyst Initiation Summary
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08:02 EDTSFCC to hold a conference and workshop
2015 Supplier Diversity Conference & Workshop is being held at FCC Washington, D.C. offices on August 20 at 9:30 am. Webcast Link
August 19, 2015
17:14 EDTCFRCullen/Frost initiated with a Neutral at Sterne Agee CRT
Target $72.
13:30 EDTSOptions with increasing put volume;
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10:20 EDTSBig telecom firms put M&A on hold, CTFN reports
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09:16 EDTEBAYNew Relic, Magneto announce expansion of partnership
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08:22 EDTSSprint traffic levels increasing, says Pacific Crest
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August 18, 2015
18:35 EDTSSoftbank increases Sprint stake by roughly 16.8M shares
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11:34 EDTSSprint rises on plans to abandon two-year contracts
Sprint shares are higher this morning after the company's chief executive officer said that the carrier plans to move away from two-year contracts. WHAT'S NEW: In an interview with The Wall Street Journal, Sprint CEO Marcelo Claure said that the company will stop offering two-year contracts by the end of 2015 in favor of a "smartphone lease" model. Sprint began offering a lease option last year, The Journal noted, and Claure said the carrier is planning to move entirely to that model by the end of the year. As part of its shift, Sprint yesterday unveiled iPhone Forever, a new leasing plan that starts at $22 per month for an iPhone. WHAT'S NOTABLE: In a similar move earlier this month, Sprint rival Verizon (VZ) said it would drop phone subsidies and two-year contracts for new customers. T-Mobile (TMUS), another market rival, abandoned contracts over two years ago, leaving AT&T (T) as the only major U.S. carrier still offering to subsidize new smartphone purchases. Separately, Softbank (SFTBF), Sprint's primary stakeholder, disclosed last week that it increased its holdings in the company to approximately 80%, though the company said it does not plan for its stake in the carrier to exceed 85%. Meanwhile, a study released Tuesday by RootMetrics, an independent company that evaluates wireless networks, shows that Sprint is improving its network, having solidified third place nationally in overall performance, surpassing T-Mobile for the second consecutive six-month stretch. PRICE ACTION: Sprint is up 7c, or 1.52%, to $4.67 in morning trading.
06:08 EDTEBAYeBay expected to announce sale of some of Snapdeal stake, Re/code reports
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August 17, 2015
18:12 EDTSSprint to move away from two-year contracts, WSJ says
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13:05 EDTEBAYeBay initiated with a Hold at Evercore ISI (pre-open)
Pre-open, Evercore ISI initiated eBay with a Hold rating and $28 price target. The firm sees balanced potential catalysts against a fundamental story that remains challenged due to increased competitive pressures.
08:22 EDTSSprint customers can upgrade iPhone anytime, included in monthly rate
Sprint (S) announced that customers can upgrade their Apple (AAPL) iPhone anytime, included in their monthly rate. New and upgrade eligible Sprint customers can get iPhone for just $22 per month with iPhone Forever. Anytime customers don't have the latest iPhone, they are eligible to upgrade. They bring their iPhone, upgrade on the spot and away they go. It's that simple. iPhone Forever is available on any eligible Sprint rate plan and upgrade eligibility is always included in your price. New or existing customers who are upgrade eligible can bring in any smartphone and get a 16GB iPhone 6 model and their monthly rate will be reduced to just $15 until their next upgrade. As a special promotion, customers who get iPhone 6 and upgrade before December 31 continue with the discount price of $15 until their next upgrade.
06:22 EDTVRTXPiper's Tenthoff sees select biotech names outperforming in second half
Piper Jaffray analyst Edward Tenthoff expects drug launches, clinical data read-outs and potential partnerships to drive outperformance for select biotech names in the second half of 2015. Despite some recent profit-taking, 2015 has been another strong year for biotech stocks, Tenthoff tells investors in a research note. Names with important second half of the year catalysts include Vertex (VRTX), Regeneron (REGN), Seattle Genetics (SGEN), Exelixis (EXEL), Sarepta (SRPT), Novavax (NVAX), Arrowhead (ARWR), Array BioPharma (ARRY), Alnylam (ALNY), Genocea (GNCA), CymaBay (CBAY), Idera Pharmaceuticals (IDRA), Vitae Pharmaceuticals (VTAE).
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