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Stock Market & Financial Investment News

News Breaks
April 10, 2014
10:00 EDTFB, LBTYA, EXR, ZUMZ, AMBA, NFLX, DE, E, AUY, TWTR, PSEC, PINC, PANW, NKE, DXCM, BT, ABC, ALKS, AKAMOn The Fly: Analyst Upgrade Summary
Akamai (AKAM) upgraded to Buy from Neutral at B. Riley... Alkermes (ALKS) upgraded to Buy from Neutral at Mizuho... AmerisourceBergen (ABC) upgraded to Buy from Neutral at ISI Group... BT Group (BT) upgraded to Neutral from Sell at UBS... DexCom (DXCM) upgraded to Buy from Neutral at Sterne Agee... Nike (NKE) upgraded to Outperform from Neutral at Macquarie... Palo Alto (PANW) upgraded to Outperform from Market Perform at JMP Securities... Premier (PINC) upgraded to Buy from Neutral at ISI Group... Prospect Capital (PSEC) upgraded to Buy from Neutral at Guggenheim... Twitter (TWTR) upgraded to Hold from Sell at Cantor... WESCO (WCC) upgraded to Buy from Neutral at UBS... Wright Medical (WMGI) upgraded to Outperform from Neutral at RW Baird... Yamana Gold (AUY) upgraded to Neutral from Underweight at HSBC... Eni SpA (E) upgraded to Outperform from Neutral at Exane BNP Paribas... Deere (DE) upgraded to Neutral from Cautious at ISI Group... Netflix (NFLX) upgraded to Buy from Hold at Hudson Square... Ambarella (AMBA) upgraded to Buy from Hold at Dougherty... Zumiez (ZUMZ) upgraded to Buy from Neutral at DA Davidson... Extra Space Storage (EXR) upgraded to Outperform from Neutral at Macquarie... Liberty Global (LBTYA) at Goldmanupgraded to Conviction Buy from Buy at Goldman... Facebook (FB) upgraded to Buy from Hold at Pivotal Research.
News For AKAM;ALKS;ABC;BT;DXCM;NKE;PANW;PINC;PSEC;TWTR;AUY;E;DE;NFLX;AMBA;ZUMZ;EXR;LBTYA;FB From The Last 14 Days
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October 8, 2014
07:22 EDTPSECCapital Link to hold a webinar
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06:00 EDTTWTR, FBInstagram still most used social network for teens, says Piper Jaffray
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05:11 EDTAKAMAkamai, China Telecom establish strategic cloud services partnership
Akamai Technologies (AKAM) announced a strategic partnership agreement with China Telecom Corporation (CHA) cloud division, CT Cloud. CT Cloud is one of the largest cloud computing service providers in China, offering quality cloud services to customers. As part of the strategic partnership, CT Cloud has agreed to offer an integrated solution incorporating Akamai's full suite of media delivery, Web performance, and cloud security offerings with its own Cloud services to Chinese businesses looking to grow their global Web presence. In addition, the partnership is designed to enable close cooperation between the two companies in the areas of technology and network access, thus strengthening Akamai's China CDN offering for accelerating content from global customers to Chinese consumers. Under the partnership, CT Cloud plans to leverage Akamai for content delivery network technology that will be available for the delivery of its Cloud services.
October 7, 2014
16:19 EDTDEOn The Fly: Closing Wrap
Stocks on Wall Street opened in negative territory and remained there for the entire session. A weak industrial production report out of Germany and the IMF's lowering of its global growth forecast filled the news void left by another relatively light day on the domestic economic calendar. The volume was heavy and the selling was broad based, with each of the major equity indexes losing more than 1.5%. ECONOMIC EVENTS: In the U.S., the Job Openings and Labor Turnover Survey, or JOLTs report, showed job openings surged 230K to 4.835M in August, marking their highest level since January 2001. Consumer credit rose only $13.5B in August, missing expectations for an increase in credit of $20B. In Europe, German industrial production dropped 4% sequentially in August on an adjusted basis, which was a steeper slide than economists forecast and its biggest decline since January 2009. Also of note, the International Monetary Fund cut its global economic growth forecasts for the third time this year. The growth forecast for 2014 was trimmed to 3.3% from a July forecast of 3.4%, while the 2015 projection was lowered to 3.8% from 4.0% previously. COMPANY NEWS: AGCO (AGCO) fell $4.97, or 10.55%, to $42.13 after the company lowered its third quarter view and cut its fiscal year 2014 earnings per share outlook for a second time after previously lowering it in July. The stock, along with several others in the U.S. machinery industry, were downgraded today at Bank of America Merrill Lynch. Merrill also downgraded Deere (DE) to Underperform from Neutral this morning, citing the collapse in corn and soybean pricing and the strengthening U.S. dollar, and its shares also declined $2.83, or 3.42%, to $80.01. MAJOR MOVERS: Among the notable gainers was GT Advanced (GTAT), which rebounded 41c, or 51.25%, to $1.21 following its sharp, 93% decline yesterday after its unexpected bankruptcy filing. Today's recovery, however, still leaves the stock far below the $11 per share level where it began yesterday's trading session. Also higher was CalAmp (CAMP) which rose $3.47, or 21.03%, to $19.97 and was upgraded to Outperform at Macquarie after the wireless technology solutions maker's Q2 report. Among the noteworthy losers was SodaStream (SODA), which sunk $6.05, or 21.94%, to $21.52 after the home beverage carbonation system maker warned that revenue for its third quarter will come in well below Wall Street estimates. Also lower were shares of The Container Store Group (TCS), which dropped $5.45, or 24.9%, to $16.44 after the company lowered its fiscal 2014 outlook. The decline sent the stock below the $18.00 level, where its initial public offering priced last November. INDEXES: The Dow dropped 272.52, or 1.6%, to 16,719.39, the Nasdaq fell 69.60, or 1.56%, to 4,385.20, and the S&P 500 declined 29.73, or 1.51%, to 1,935.09.
16:04 EDTPINCPremier to conduct direct offering on behalf of selling stockholders
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16:00 EDTNFLXOptions Update; October 7, 2014
iPath S&P 500 VIX Short-Term Futures up 2.16 to 32.24 Option volume leaders: AAPL TSLA TWTR AMZN FB VZ AA HTZ NFLX PBR according to Track Data.
14:15 EDTTWTRTwitter files suit against DOJ, FBI over government surveillance
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13:48 EDTFBFacebook to release anonymous chat application, NY Times reports
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13:33 EDTFBGoogle executive says Google+ here to stay, Re/code reports
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12:09 EDTDEOn The Fly: Midday Wrap
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10:50 EDTDEAGCO shares slide as company cuts outlook, U.S. machinery sector downgraded
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10:47 EDTTWTRTwitter rallies after positive note, levels to watch
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10:02 EDTDEOn The Fly: Analyst Downgrade Summary
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10:02 EDTAUYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Air France-KLM (AFLYY) upgraded to Overweight from Underweight at JPMorgan... Alcobra (ADHD) upgraded to Outperform at FBR Capital... Alon USA Partners (ALDW) upgraded to Buy from Neutral at Citigroup... Becton Dickinson (BDX) upgraded to Buy from Hold at Stifel... CNOOC (CEO) upgraded at Bernstein... CTC Media (CTCM) upgraded to Buy from Hold at Deutsche Bank... CVR Refining (CVRR) upgraded to Buy from Neutral at Citigroup... CalAmp (CAMP) upgraded to Outperform from Neutral at Macquarie... China Unicom (CHU) upgraded to Overweight from Equal Weight at Barclays... Crown Holdings (CCK) upgraded at Macquarie... Dick's Sporting (DKS) upgraded to Buy from Neutral at Goldman... Fortuna Silver Mines (FSM) upgraded to Outperformer from Sector Performer at CIBC... Franco-Nevada (FNV) upgraded to Buy from Hold at TD Securities... Horsehead Holding (ZINC) upgraded to Outperform from Market Perform at FBR Capital... Ingersoll-Rand (IR) upgraded to Buy from Neutral at Goldman... IntercontinentalExchange (ICE) upgraded to Buy from Neutral at Citigroup... International Paper (IP) upgraded at BofA/Merrill... Leidos (LDOS) upgraded to Neutral from Underperform at Credit Suisse... Lennox (LII) upgraded to Positive from Neutral at Susquehanna... MGM Resorts (MGM) upgraded to Buy from Hold at Deutsche Bank... Natus Medical (BABY) upgraded to Outperform at William Blair... Noodles & Company (NDLS) upgraded to Buy from Hold at Jefferies... Phillips 66 (PSX) upgraded to Buy from Neutral at Citigroup... RockTenn (RKT) upgraded to Buy from Neutral at BofA/Merrill... Smith & Nephew (SNN) upgraded to Hold from Sell at Societe Generale... Sotheby's (BID) upgraded to Buy from Hold at Craig-Hallum... Sun Life Financial (SLF) upgraded to Overweight from Equal Weight at Barclays... WellCare (WCG) upgraded at Sterne Agee... Yamana Gold (AUY) upgraded to Neutral from Underweight at HSBC.
09:36 EDTNFLX, TWTRActive equity options trading on open
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09:14 EDTDEOn The Fly: Pre-market Movers
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07:23 EDTDEDeere downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill downgraded Deere to Underperform citing the collapse in corn and soybean pricing and the strengthening U.S. dollar. The firm expects the collapse in farm equipment demand to hit hard in 2015 and lowered estimates 10%-20% below consensus. Price target lowered to $82 from $90.
06:43 EDTFBGM using Facebook, calls to reach out and get recalled cars fixed, AP reports
General Motors (GM) is using Facebook (FB) messages and phone calls to reach out to vehicle owners who have yet to bring in their cars the company has recalled, reports the Associated Press. CEO Mary Barra has also sent a personal letter urging people to get the switches replaced. Reference Link
06:16 EDTAUYYamana Gold upgraded to Neutral from Underweight at HSBC
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05:51 EDTTWTRTwitter logged-off strategy could double sales by 2017, says Deutsche Bank
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