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Stock Market & Financial Investment News

News Breaks
October 25, 2012
10:04 EDTWYNN, BXP, SWKS, FFIV, BRO, SEIC, VRML, ZNGA, FTI, AB, LRE, EQIX, HON, CFR, NFX, AKAMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Akamai (AKAM) upgraded to Buy from Hold at Canaccord... AllianceBernstein (AB) upgraded to Outperform from Market Perform at Keefe Bruyette... Cullen/Frost (CFR) upgraded to Neutral from Underperform at Sterne Agee... Equinix (EQIX) upgraded to Buy from Neutral at Citigroup... FMC Technologies (FTI) upgraded to Hold from Underperform at Jefferies... Honeywell (HON) upgraded to Outperform from Market Perform at Bernstein... LRR Energy (LRE) upgraded to Outperform from Perform at Oppenheimer... Newfield Exploration (NFX) upgraded to Market Perform at Raymond James... SEI (SEIC) upgraded to Outperform from Market Perform at Keefe Bruyette... Skyworks (SWKS) upgraded to Strong Buy from Outperform at Raymond James... Zynga (ZNGA) upgraded to Buy from Hold at Needham... Brown & Brown (BRO) upgraded to Buy from Hold at Stifel Nicolaus... Boston Properties (BXP) upgraded to Buy from Hold at Stifel Nicolaus... Vermillion (VRML) upgraded to Neutral from Sell at Ladenburg... F5 Networks (FFIV) upgraded to Buy from Above Average Caris... Wynn Resorts (WYNN) upgraded to Neutral from Sell at Compass Point.
News For AKAM;AB;CFR;EQIX;FTI;HON;LRE;NFX;SEIC;SWKS;ZNGA;BRO;BXP;VRML;FFIV;WYNN From The Last 14 Days
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February 26, 2015
08:29 EDTWYNNDeutsche cuts 2015 Macau growth forecast to down 21.4%
Deutsche Bank lowered its 2015 Macau gross gaming revenue forecast to down 21.4% from down 8.4% saying the demand issues will not be solved by expanding capacity. The firm's confidence in a Macau turnaround remains "muted," but it continues to view shares of MGM Resorts (MGM) as "meaningfully undervalued." It views Buy-rated Wynn Resorts (WYNN) as better suited for longer term investors at this stage, and lowered its price target for the stock to $170 from $176. Deutsche also cut its price target for Hold-rated Las Vegas Sands (LVS) to $49 from $53.
08:11 EDTEQIXEquinix and ScienceLogic announce collaboration to accelerate cloud adoption
Equinix, together with ScienceLogic, announced a collaboration to simplify and ease enterprise migration to the cloud. As part of this agreement, ScienceLogic has deployed its monitoring services globally within Equinix International Business Exchange data centers.
07:56 EDTNFXNewfield Exploration price target raised to $45 from $35 at Oppenheimer
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06:43 EDTNFXNewfield Exploration files to sell 18M shares of common stock
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06:15 EDTABAllianceBernstein upgraded to Buy from Neutral at BofA/Merrill
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February 25, 2015
15:17 EDTEQIXEquinix management to meet with Evercore ISI
Meetings to be held in San Francisco on February 25 and in Seattle on February 26 hosted by Evercore ISI.
February 24, 2015
16:52 EDTNFXNewfield Exploration cuts 2015 capital budget by 40% to $1.2B
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16:50 EDTNFXNewfield Exploration says Eagle Ford drilling suspended for 2015
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16:50 EDTNFXNewfield Exploration reports Q4 EPS ex-items 38c, consensus 44c
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16:42 EDTWYNNOn The Fly: Closing Wrap
Stocks on Wall Street began the day almost unchanged as investors awaited the testimony from Federal Reserve Chair Janet Yellen before a Senate panel. Following her prepared remarks, which suggested the central bank will not rush to raise interest rates, buyers stepped in to push the market higher. The Dow moved to all-time highs, as did the S&P, while the Nasdaq extended its most recent streak that saw the index close higher for nine consecutive sessions for the first time that has happened since 2009. ECONOMIC EVENTS: In the U.S., Federal Reserve Chair Janet Yellen stated in prepared testimony to Congress that the central bank considers it "unlikely" that economic conditions will warrant an increase in the target range for the federal funds rate for "at least the next couple" of FOMC meetings. Yellen also said that while the drop in oil prices will have negative effects on energy producers and will probably result in job losses in this sector, it will likely be a significant overall net positive for the U.S. economy. The S&P Case-Shiller 20-city house price index reported a seasonally adjusted monthly increase of 0.9%, versus expectations for an increase of 0.6%. Markit's services PMI for February came in at 57.0, versus consensus of 54.5. The Conference Board consumer confidence index declined in February to 96.4, which was down from last month's revised 103.8 figure and below the consensus 99.5 forecast. The Richmond Fed manufacturing index for February came in at 0, versus the consensus expectation for a reading of 6. In Europe, eurozone finance ministers approved Greece's reform proposals and extended the country's bailout program by four more months. COMPANY NEWS: Home Depot (HD) advanced $4.47, or 3.98%, to $116.75 after the Dow member's earnings beat expectations. The home improvement giant also hiked its quarterly dividend by 26% and authorized an $18B share repurchase program. MAJOR MOVERS: Among the notable gainers was SunPower (SPWR), which rose $5.00, or 17.99%, to $32.80 after its quarterly results topped expectations and the company announced that its in advanced talks to form a joint YieldCo vehicle with peer First Solar (FSLR). First Solar shares also advanced $5.06, or 10.19%, to $54.70 during the session, though its shares are fractionally lower in after-hours trading after the company issued its own earnings report. Among the noteworthy losers was Rosetta Resources (ROSE), which fell $3.29, or 15.04%, to $18.58 after its weaker than expected Q4 report and lowered guidance was followed by at least five analyst downgrades of its stock. Also lower were shares of Wynn Resorts (WYNN), which slid $7.33, or 4.75%, to $147.00 after reports indicated that Macau's government views overcrowding from tourists as a serious problem and plans to review the mainland’s individual visit scheme with authorities after Chinese New Year. INDEXES: The Dow rose 92.35, or 0.51%, to 18,209.19, the Nasdaq gained 7.15, or 0.14%, to 4,968.12, and the S&P 500 added 5.82, or 0.28%, to 2,115.48.
15:59 EDTAKAMAkamai price target raised to $77 from $68 at Piper Jaffray
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10:19 EDTAKAMAkamai to host investor meeting
Investor meeting to be held in Boston on February 24 from 8:30 until 2 pm. Webcast Link
09:52 EDTWYNNMacau to review mainland’s individual visit scheme, Macau Business Daily says
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07:12 EDTABWells Fargo to hold a conference
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February 23, 2015
10:15 EDTFFIVCyberArk sinks after JPMorgan analyst cuts rating to sell
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07:46 EDTWYNNJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 23 at 8:20 am; not all company presentations may be webcasted. Webcast Link
07:40 EDTABBMO Capital to hold a conference
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07:37 EDTFTICredit Suisse to hold a summit
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06:21 EDTZNGAFacebook's shuttle drivers approve new union contract, WSJ reports
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February 20, 2015
07:15 EDTEQIXEquinix shares should be bought on any weakness, says Stifel
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