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Stock Market & Financial Investment News

News Breaks
December 7, 2012
10:05 EDTAKR, MCD, MPEL, SYT, RHHBY, TSM, DST, AET, ATHNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Acadia Realty Trust (AKR) upgraded to Outperform from Market Perform at BMO Capital... McDonald's (MCD) upgraded to Buy from Neutral at Janney Capital... Melco Crown (MPEL) upgraded to Overweight from Neutral at JPMorgan... Syngenta (SYT) upgraded to Neutral from Underweight at JPMorgan...Roche (RHHBY) upgraded to Overweight from Equal Weight at Morgan Stanley... TSMC (TSM) upgraded to Outperform from Neutral at Credit Suisse... DST Systems (DST) upgraded to Buy from Neutral at Sterne Agee... Aetna (AET) upgraded to Overweight from Neutral at JPMorgan... athenahealth (ATHN) upgraded to Outperform from Market Perform at Leerink.
News For AKR;MCD;MPEL;SYT;RHHBY;TSM;DST;AET;ATHN From The Last 14 Days
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September 22, 2014
09:02 EDTAETAetna downgraded to Neutral from Buy at BofA/Merrill
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07:37 EDTMPELLarge-Cap Gaming sector downgraded at Wells Fargo
Wells Fargo downgraded the Large-Cap Gaming sector to Market Weight from Overweight while cutting its ratings on Las Vegas Sands (LVS), Wynn Resorts (WYNN) and Melco Crown (MPEL) to Market Perform from Outperform. Wells believes near-term uncertainty in Macau has increased, making the risk/reward on shares balanced for the next 6-12 months. The firm thinks second half of 2014 and 2015 EBITDA estimates still need to come down another 10%. Wells cuts its price target range for Las Vegas Sands to $60-$70 from $80-$85, for Wynn to $180-$200 from $245-$250 and for Melco to $28-$31 from $38-$40. The firm keeps a Market Perform rating on MGM Resorts (MGM) with a slightly reduced price target range of $23-$26.
07:12 EDTMPELMelco Crown downgraded to Market Perform from Outperform at Wells Fargo
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06:17 EDTTSMTSMC, UMC increases wafer production capacity in China, DigiTimes reports
TSMC (TSM) and United Microelectronics (UMC) are ramping up wafer production capacity of 8-inch fabs in China, reports DigiTimes, according to industry sources. In response to the rising demand, TSMC plans to ramp up capacity to 110,000 units a month and UMC plans to expand its production capacity to 60,000 units a month. Reference Link
September 20, 2014
15:43 EDTRHHBYInterMune reports MOU in connection with consolidated Delaware action
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September 19, 2014
11:35 EDTATHNCerner, Athenahealth developing applications for Apple HealthKit, Reuters says
Cerner (CERN) and Athenahealth (ATHN) said yesterday that they are working with Apple (AAPL) to develop applications for Apple's HealthKit, Reuters reports, citing Cerner and Athenahealth representatives. Athena said they will be utilizing HealthKit to assist patients with chronic conditions like diabetes, while Cerner said that doctors and nurses will be able to access health data from the patients HealthKit with consent, Reuters added. Reference Link
07:31 EDTMCDMcDonald's dividend increase unfavorable, says Wells Fargo
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06:49 EDTAETGovernment says 7.3M in private Obamacare plans, NY Times reports
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06:36 EDTTSMTSMC confident of keeping 80% market share for 28nm processes, DigiTimes says
TSMC's CFO Lora Ho is confident that the company will maintain a global market share of over 80% for 28nm processes in 2015, reports DigiTimes. Ho indicated that TSMC can still dominate the market even though competitors have hiked rakes by offering a full range of 28nm foundry technology solutions. Reference Link
September 18, 2014
16:32 EDTMCDMcDonald's expects to return $18B-$20B to shareholders between 2014-2016
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16:31 EDTMCDMcDonald's raises quarterly dividend 5% to 85c per share
The dividend is payable on December 15 to shareholders of record at the close of business on December 1.
06:47 EDTMPELMacau stocks getting closer to bottom, says JPMorgan
JPMorgan says most Macau stocks have a 2:1 upside/downside ratio, making the risk/rewards favorable. The firm prefers MGM Resorts (MGM) and Wynn Resorts (WYNN) over Melco Crown (MPEL) and Las Vegas Sands (LVS) in the near-term, but keeps Overweight ratings on all four names. JPMorgan lowered its price target for Las Vegas Sands to $69 from $83, for Melco to $31 from $40, for MGM to $30 from $31 and for Wynn to $210 from $239. The firm says the stocks are getting closer to a bottom.
September 17, 2014
11:00 EDTRHHBYRoche CEO rules out megadeals, focused on bolt-on acquisitions, WSJ says
Roche CEO Severin Schwan said the company won't change its acquisition strategy following the recent deals made or abandoned in the pharmaceutical sector, reports the Wall Street Journal. In an interview with WSJ, Shwan said, "We have been very consistent in our approach to M&A." Regarding transformational deal-making, he said, "We have no intention to do that, whatever happens in the industry." Reference Link
07:43 EDTRHHBYBofA/Merrill to hold a conference
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06:23 EDTTSMTSMC sees follow-up IC orders for iPhone 6, DigiTimes reports
TSMC sees follow-up chip orders for iPhone 6 devices from foreign chipset suppliers, reports DigiTimes. According to industry sources, the orders extends visibility of foundry houses to 1Q15. Reference Link
September 16, 2014
13:52 EDTMPELMacau casino owners drop after negative note from analyst
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13:19 EDTMCDMcDonald's Canada to offer coffee in grocery stores, Reuters says
McDonald's (MCD) is poised to start offering its McCafe ground coffee throughout Canadian grocery stores this month in an effort to gain more customers in a country whose java market has been lead by competitors such as Tim Hortons (THI) and Starbucks (SBUX), according to Reuters, citing comments from McDonald's Canada CEO John Betts. Reference Link
11:22 EDTMPELMorgan Stanley sees negative revisions to Macau consensus estimates
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07:31 EDTRHHBYEuropean Association for Study of Diabetes to hold annual meeting
50th Annual Meeting of EASD to be held in Vienna, Austria on September 15-19.
06:02 EDTMCDMcDonald's offering free coffee during breakfast hours for 2 weeks, Time reports
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