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Stock Market & Financial Investment News

News Breaks
April 10, 2014
10:00 EDTPSEC, EXR, NFLX, AUY, PINC, FB, ZUMZ, DE, TWTR, LBTYA, AMBA, E, NKE, ABC, DXCM, ALKS, PANW, BT, 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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February 20, 2015
16:20 EDTDEOn The Fly: Closing Wrap
Stocks on Wall Street opened in negative territory with time running out for Greece to reach an extension of its bailout agreement. The morning was filled with headlines from both Greek and eurozone finance leaders, many of which indicated that prospects for a deal looked grim. When reports surfaced that an agreement on an extension had been reached the Dow took off and hit its first new high of 2015. The S&P 500 followed to its own new high and the Nasdaq continued to close in on the 5,000 level. ECONOMIC EVENTS: In the U.S., Markit's flash PMI rose to 54.3 in February, versus the consensus forecast for a preliminary reading of 53.6 for the month. In Europe, the Eurogroup and Greece reached a tentative deal for an extension of the current EFSF Master Financial Assistance Facility Agreement for up to four months. The deal is predicated on Greek authorities presenting a first list of reform measures, based on the current arrangement, by the end of Monday. Also, the Eurozone flash composite PMI came in at 53.5, versus expectations for a reading of 53. The services PMI was better than expected, while the manufacturing PMI was lower than expected. COMPANY NEWS: Deere reported Q1 earnings per share of $1.12 and revenue of $6.38B, which beat consensus forecasts of 84c and $5.59B, respectively. However, Deere said company equipment sales are projected to decrease about 17% for fiscal 2015 and now sees net income to be about $1.8B, which is down from the company's prior net income outlook of $1.9B. Analysts at Wells Fargo calculate that the implied EPS guidance from Deere dropped to $5.25 from $5.50. Consensus for FY15 EPS prior to Deere's report was $5.51. Shares of the farm, construction and forestry equipment maker rose 72c, or 0.79%, to $92.43 following this morning's report. MAJOR MOVERS: Among the notable gainers was National Bank of Greece (NBG), whose shares trading in New York jumped 35c, or 21.74%, to $1.96 after the Greek aid extension deal was negotiated. Also higher was Springleaf (LEAF), which gained $4.40, or 12.88%, to $38.57 after Reuters reported that the company has beaten out rival bidders and is in advanced talks to buy consumer finance unit OneMain Financial from Citigroup (C) for more than $4B. Two stock that dropped after their earnings reports prompted multiple analyst downgrades were Noodles & Company (NDLS), which plunged $8.84, or 31.87%, to $18.90, and Rocket Fuel (FUEL), which fell $3.95, or 26.74%, to $10.82. INDEXES: The Dow rose 154.67, or 0.86%, to 18,140.44, the Nasdaq gained 31.27, or 0.63%, to 4,955.97, and the S&P 500 advanced 12.85, or 0.61%, to 2,110.30.
16:03 EDTFBOptions Update; February 20, 2015
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12:49 EDTDEOn The Fly: Midday Wrap
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10:30 EDTPSECOptions with decreasing implied volatility
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10:19 EDTDEDeere sees FY15 net income to be about $1.8B
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10:08 EDTDEDeere sees FY15 cash receipts to be down 6%, crop receipts to be down 23%
Comments taken from Q1 earnings conference call.
10:01 EDTEOn The Fly: Analyst Upgrade Summary
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09:59 EDTDEDeere sees FY15 sales growth down 17%, consensus $28.52B
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09:58 EDTDEDeere sees Q2 sales growth down 19%, consensus $7.98B
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09:57 EDTDEDeere says economic growth in FY15 continues at slow rate
The company says crop prices have weakened but are stabilizing at levels close to the long-term average. Adds livestock margins are lower but at sound levels. Sees strong headwinds persist in Commonwealth of Independent States. In China, the company said economic growth is slower than expected and lower commodity prices impacting agricultural economy. In India, the growth forecast is expected to improve as positive sentiment continues with new government. The below normal monsoon also resulted in lower overall agricultural output. Comments taken from slides for Q1 earnings conference call.
09:38 EDTTWTR, FBActive equity options trading on open
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09:23 EDTNKEGoldman sees select Apparel and Footwear opportunities due to FX risk
Goldman said translation currency exposure in the Apparel and Footwear has created volatility and opportunity to gain exposure to this theme. Goldman's analyst sees a positive near-term set-up for Nike (NKE) and Tiffany (TIF) and a negative set-up for Crocs (CROX) and Abercrombie & Fitch (ANF) and of upcoming earnings reports.
08:49 EDTDEDeere drops after lowering fiscal year income view
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07:04 EDTDEDeere sees FY15 Financial Services net income to be about $630M
The outlook reflects the expected impact of the previously announced agreement to sell the crop insurance operations and growth in the average credit portfolio. These factors are projected to be partially offset by lower financing spreads, an expected increase in the provision for credit losses from the low level in 2014 and a less favorable tax rate.
07:04 EDTDEDeere sees FY!5 Construction & Forestry sales to increase by 5%
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07:03 EDTDEDeere sees FY15 Agriculture & Turf sales to decrease 23%
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07:02 EDTDEDeere reports Q1 net sales of equipment operations $5.61B
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07:01 EDTDEDeere reports Q1 EPS $1.12, consensus 84c
Reports Q1 revenue $6.38B, consensus $5.59B
05:38 EDTEEni SpA upgraded to Neutral from Underperform at Credit Suisse
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05:21 EDTFBFacebook implied volatility of 25 at lower end of index mean range
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