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Stock Market & Financial Investment News

News Breaks
April 25, 2013
10:00 EDTCYS, WM, INFN, WLP, TQNT, FNFG, ERF, AKAM, WDC, YUM, PG, FFIV, CP, ABG, CAKE, UTL, IPCM, FDML, AAPLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Akamai (AKAM) upgraded to Overweight from Neutral at JPMorgan... Apple (AAPL) upgraded to Buy from Long-Term Buy at Hilliard Lyons... Canadian Pacific (CP) upgraded to Outperform from Market Perform at Raymond James... Enerplus Resources (ERF) upgraded to Overweight from Equal Weight at Barclays... F5 Networks (FFIV) upgraded to Buy from Neutral at Nomura... Federal-Mogul (FDML) upgraded to Neutral from Sell at Goldman... First Niagara (FNFG) upgraded to Market Perform from Underperform at Raymond James... IPC The Hospitalist Co. (IPCM) upgraded to Buy from Hold at Deutsche Bank... Procter & Gamble (PG) upgraded to Buy from Neutral at SunTrust... ServiceNow (NOW) upgraded to Buy from Neutral at Mizuho... TriQuint (TQNT) upgraded to Market Perform from Underperform at Raymond James... Unitil (UTL) upgraded to Buy from Hold at Brean Capital... Yum! Brands (YUM) upgraded to Market Perform from Underperform at Raymond James... Wellpoint (WLP) upgraded to Buy from Neutral at Monness Crespi... Cheesecake Factory (CAKE) upgraded to Neutral from Underperform at Buckingham... Western Digital (WDC) upgraded to Outperform from Sector Perform at FBN Securities... Infinera (INFN) upgraded to Buy from Hold at Needham... Waste Management (WM) upgraded to Buy from Hold at Wunderlich... Asbury Automotive (ABG) upgraded to Buy from Hold at Craig-Hallum... CYS Investments (CYS) upgraded to Outperform from Market Perform at FBR Capital.
News For AKAM;AAPL;CP;ERF;FDML;FFIV;FNFG;IPCM;PG;TQNT;UTL;YUM;WLP;CAKE;WDC;INFN;ABG;WM;CYS From The Last 14 Days
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November 13, 2014
08:01 EDTAAPLApple price target raised to $120 from $110 at Bernstein
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08:01 EDTAAPLCalpian says deploys Apple Pay for merchants
Calpian, Inc. (CLPI) has successfully enabled Apple Pay (AAPL) for its merchant customers as they respond to growing consumer interest in the new mobile payment service.
07:44 EDTPGProcter & Gamble to restate Batteries results to discontinued operations
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07:44 EDTPGP&G to incur non-cash charge of approx. 28c per share in current quarter
07:42 EDTPGProcter & Gamble sees FY15 core EPS growth mid-single digits
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07:41 EDTPGProcter and Gamble volatility flat into Berkshire Hathaway acquiring Duracell
Procter and Gamble (PG) overall option implied volatility of 13 is near its 26-week average of 14 according to Track Data, suggesting non-directional price movement into Berkshire Hathaway Inc. (BRK.B) acquiring the Duracell battery business from Procter & Gamble in deal valued at approximately $6.4B.
07:40 EDTPGProcter & Gamble reiterates FY15 organic sales, core EPS growth guidance
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07:40 EDTPGProcter & Gamble sees clsoing Duracell transaction in 2H15
Following its prior announcement of plans to exit the Duracell business, P&G (PG) said it now plans to execute a split transaction, in which it will exchange a recapitalized Duracell Company for Berkshire Hathaway’s (BRK.A) shares of P&G stock. Berkshire’s stock ownership is currently valued at approximately $4.7 billion. P&G said it expects to contribute approximately $1.8 billion in cash to the Duracell Company in the pre-transaction recapitalization. P&G said the transaction maximizes the after-tax value of the Duracell business and is tax efficient for P&G. The value received for Duracell in the exchange is approximately 7-times fiscal year 2014 adjusted EBITDA. This equates to a cash sale valued at approximately 9-times adjusted EBITDA. As part of the exit of the battery business, P&G announced that it closed the sale of its interest in a China-based battery joint venture earlier in the week. Based on the signing of the contract to exit the Duracell business, P&G will restate Batteries results to discontinued operations effective with the reporting of October-December 2014 quarterly results. The Company expects to restate earnings per share of approximately 12c-14c to discontinued operations for fiscal year 2014. All-in GAAP earnings per share are not affected by the restatements. P&G said it will incur a non-core, non-cash charge of approximately 28c per share in current quarter results to adjust Duracell goodwill and intangible assets to the expected after-tax transaction value. P&G expects to finalize the restatement and one-time charge amounts in the next few weeks, and will update shareholders when final amounts are available. P&G said it expects to close the Duracell transaction in the second half of calendar year 2015 pending necessary regulatory approvals.
07:31 EDTPGBerkshire Hathaway to acquire Procter & Gamble's Duracell battery business
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07:30 EDTPGBerkshire Hathaway to acquire Procter & Gamble's Duracell battery business
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06:39 EDTAAPLApple's rumored iPad Pro delayed to 2Q15, AppleInsider reports
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06:23 EDTAAPLChipmakers in Apple Watch supply chain to start production, DigiTimes reports
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06:07 EDTAAPLApple paying little in iTunes taxes outside North America, AFR reports
According to a report from The Australian Financial Review, which cites an investigation led by the International Consortium of Investigative Journalists, more than two-thirds of the money Apple’s iTunes makes outside North America goes through the group’s Luxembourg holding company where it is not taxable. Apple has been widely criticized for its tax practices in Europe. Reference Link
November 12, 2014
16:00 EDTAAPLOptions Update; November 12, 2014
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09:37 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL CLSN TWTR BABA NFLX TSLA AMZN CSIQ C
08:58 EDTWLPManaged Care earnings risk low from King vs. Burwell, says Leerink
Leerink believes the Supreme Court decision to the King vs. Burwell case carries low earnings risk for Managed Care companies. The case to determine the legality of Exchange subsidies administered by the Federal Government carries less than 2% and 3% of earnings risk for 2014 and 2015 estimates, respectively, Leerink believes. The firm says Humana (HUM) and Cigna (CI) are currently losing money on Exchanges, and thus could benefit from any Federal Exchange membership loss. Leerink lists Aetna (AET), Centene (CNC), WellPoint (WLP) and Molina Healthcare (MOH) as being most impacted.
08:05 EDTWM, CPGoldman to hold a conference
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07:57 EDTFFIVF5 Networks one of best positioned companies in networking, says Cowen
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07:31 EDTERFBofA/Merrill to hold a conference
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06:36 EDTAAPLOrder visibility highest for Apple, Lenovo shipments in 2015, DigiTimes says
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