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November 19, 2015
10:23 EDTAETUnitedHealth selloff on guidance presents buying opportunity, says Leerink
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07:46 EDTAETOptions expected to be active; UNH AET ANTM CI WCG HUM HNT CNC
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November 18, 2015
08:28 EDTRHHBYLeerink to hold a bus tour
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08:11 EDTRHHBYIMS Health forecasts global drug spending to increase 30% by 2020 to $1.4T
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06:01 EDTSYTMonsanto studying possibility for consolidation in agrochem sector, Reuters says
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November 17, 2015
16:26 EDTSYTOn The Fly: Top stock stories for Tuesday
Stocks on Wall Street see-sawed throughout the day and eventually finished the day mixed, with solid earnings reports from both Wal-Mart (WMT) and Home Depot (HD) helping the Dow notch a small gain while the S&P recorded a small loss. The averages looked to be set to extend yesterday's advance, but weakened during the afternoon following news of a stadium evacuation in Europe that unsettled investors and put a halt to the rally. The market struggled into the close but avoided a big selloff as headlines crossed that police in Germany found no explosives at the site of the game cancellation in Hanover. ECONOMIC EVENTS: In the U.S., the consumer price index rose 0.2% in October, as expected. When food and energy prices are stripped out, the "core" CPI also rose 0.2%, also matching the consensus forecast. Industrial production slid 0.2% in October, versus expectations for it to have risen 0.1%. Capacity utilization came in as expected at 77.5%. NAHB's home builder sentiment index fell 3 points to 62 in November, versus expectations for a reading of 64. COMPANY NEWS: Shares of Wal-Mart advanced 3.5% to $59.92 after the world's largest retailer reported better than expected quarterly earnings and gave a fiscal year profit outlook that was higher than expected at the midpoint of the company's range. Another retail giant and fellow Dow member, Home Depot, gained 4.4% to $126.18 while TJX (TJX), owner of the TJ Maxx and HomeGoods brands, rose nearly 4% to $68.18 after their own better than expected quarterly reports. Missing out on the retail rally, however, was Dick's Sporting Good (DKS), which tumbled 9.4% to $36.96 after giving guidance for the holiday quarter and fiscal 2015 that missed consensus estimates. MAJOR MOVERS: Among the notable gainers was Airgas (ARG), which jumped $31.17, or 29.39%, to $137.35 after agreeing to be acquired by Air Liquide for $143 per share. Also higher was Syngenta (SYT), which advanced $6.69, or 9.24%, to $79.06 after Monsanto (MON) Chief Operating Officer Brett Begemann told reporters the company is weighing another attempt at acquiring the Swiss firm. Among the noteworthy losers were GNC (GNC), Vitamin Shoppe (VSI), and Natural Health (NHTC), which dropped a respective 6.4%, 5%, and 15.4% after the Department of Justice said in a media advisory that it would announce actions related to dietary supplements sales and unlawful ads. Shares in the publicly traded companies came off their lows, but did not fully recover heading into the close, after the agency announced that its criminal case was charging USPlabs and that its five civil cases were against a number of smaller businesses. Also lower was SunEdison (SUNE), which fell $1.54, or 33.74%, to $3.02, with Oppenheimer attributing the selloff to "unsubstantiated rumors" regarding its liquidity and Deutsche Bank saying language in Vivint Solar's (VSLR) quarterly filing around SunEdison debt financing could concern some investors who are focused on the balance sheet. Additionally, Adeptus (ADPT) declined 22.3% to $46.50 after an NBC affiliate published an investigative report scrutinizing billing practices at freestanding emergency rooms in Colorado. INDEXES: The Dow rose 6.49, or 0.04%, to 17,489.50, the Nasdaq gained 1.40, or 0.03%, to 4,986.02, and the S&P 500 slipped 2.75, or 0.13%, to 2,050.44.
15:02 EDTATHNathenahealth announced new services agreement with TeamPraxis
athenahealth and TeamPraxis, a physician service organization in Hawaii, announced a new services agreement which enables TeamPraxis to access and use the athenaNet platform to implement and support the athenaOne suite of services and athenaCommunicator Enterprise population health service.
13:19 EDTSYTMonsanto weighs another takeover offer for Syngenta, Bloomberg reports
Monsanto (MON) is weighing another takeover attempt for Syngenta (SYT) after China National Chemical Corporation made an offer for Syngenta, Bloomberg reports. Monsanto is having internal discussions over the benefits of a new offer, the report says, citing comments from COO Brett Begemann in front of reporters in St. Louis. Reference Link
11:27 EDTSYTMonsanto still sees earnings doubling by 2019, Bloomberg reports
Monsanto (MON) COO Brett Begemann told reporters ahead of the company's biennial investor event tomorrow that his company still expects its earnings to double between 2014 and 2019, according to Bloomberg. Begemann added that Monsanto management is internally discussing making another takeover approach to Syngenta (SYT), the news agency added. Begemann noted that acquisitions are not needed for Monsanto to double earnings by 2019. He expects 20% earnings growth in 2017, 2018 and 2019, Bloomberg reports.
11:24 EDTSYTSyngenta jumps 3% after Monsanto says discussing another approach
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11:23 EDTATHNBarclays says sell athenahealth as new customers get harder to find
Barclays downgraded athenahealth (ATHN) to Underweight, the firm's equivalent of a Sell rating, in a note to investors today. The company's prospects in the ambulatory care market look weak and its growth rate appears to be unsustainable, the firm contended. athenahealth provides cloud-based services and mobile applications to medical groups WHAT'S NEW: After analyzing the ambulatory enterprise market, Barclays analyst Eric Percher reported that only 12 of the 100 largest names on the list are potential targets for athenahealth. Additionally, those dozen groups are much smaller than the ones with which athenahealth made deals in 2014 and earlier this year, wrote Percher. Given his findings, the analyst expects athenahealth's revenue growth to decline going forward. In order to accelerate its growth, athenahealth needs large contract wins and those are unlikely to occur in the near-term, predicted the analyst, who downgraded the stock to Underweight from Equal Weight and lowered his price target on the name to $110 from $140. WHAT'S NOTABLE: JPMorgan analyst Michael Newshel assumed lead coverage of athenahealth today with an Overweight rating and $170 price target. In his note this morning on the space, Newshel said his firm's latest hospital CIO survey indicates there will be no slowdown in HIT investments despite the electronic health records adoption cycle maturing. PRICE ACTION: In morning trading, athenahealth fell 6.6% to $152.22.
11:23 EDTSYTMonsanto COO says internally discussing another Syngenta approach
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10:41 EDTMPELMacau sees gaming revenue slump continuing, Bloomberg says
Macau's chief executive Fernando Chui is targeting casino revenue of $25B in 2016 about half of what it took in last year, says Bloomberg. Macau's gaming revenue fell for 17th straight month in October as China's economy slows and efforts to curb corruption continue, Bloomberg added. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Crown (MPEL). Reference Link
10:00 EDTATHNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Airgas (ARG) downgraded on valuation at KeyBanc... BHP Billiton (BHP) downgraded to Neutral from Buy at Clarksons Platou... Chesapeake (CHK) downgraded to Neutral from Buy at Sterne Agee CRT... ChipMOS (IMOS) downgraded to Equal Weight from Overweight at Morgan Stanley... Clovis (CLVS) downgraded to Neutral from Conviction Buy at Goldman... Cooper Companies (COO) downgraded to Market Perform from Outperform at Wells Fargo... Five Below (FIVE) downgraded to Neutral from Buy at Sterne Agee CRT... Grainger (GWW) downgraded to Underweight from Neutral at Atlantic Equities... Hess Corp. (HES) downgraded to Perform from Outperform at Oppenheimer... J Sainsbury (JSAIY) downgraded to Neutral from Buy at Citi... Kindred Biosciences (KIN) downgraded to Market Perform from Outperform at BMO Capital... Leju (LEJU) downgraded to Neutral from Buy at BofA/Merrill... Lombard Medical (EVAR) downgraded to Equal Weight from Overweight at Barclays... Osiris (OSIR) downgraded to Sell from Hold at Brean Capital... Polaris Industries (PII) downgraded on anemic ORV growth at Wedbush... SQM (SQM) downgraded to Hold from Buy at HSBC... Southwestern Energy (SWN) downgraded to Underperform from Neutral at Sterne Agee CRT... Starwood (HOT) downgraded to Outperform from Buy at CLSA... Urban Outfitters (URBN) downgraded to Hold from Buy at Cantor... WM Morrison (MRWSY) downgraded to Sell from Neutral at Citi... adidas (ADDDY) downgraded to Sector Perform from Outperform at RBC Capital... athenahealth (ATHN) downgraded to Underweight from Equal Weight at Barclays.
07:34 EDTRHHBYOphthotech to hold a conference call
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06:26 EDTATHNThe Advisory Board initiated with an Overweight at JPMorgan
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06:12 EDTMCDMcDonald's to launch "McPick 2" menu on January 4, WSJ says
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06:08 EDTRHHBYRoche subsidiary to participate in Ophthotech and Novartis agreement
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05:43 EDTATHNathenahealth downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Eric Percher downgraded athenahealth to Underweight saying the company's physician and revenue growth will decline moving forward. An analysis of the ambulatory enterprise market indicates that potential athenahealth targets among the 100 largest health systems number only 12, Percher tells investors in a research note. Big enterprise wins are needed to drive growth but are "few and far between," the analyst contends. He cut his price target for athenahealth to $110 from $140. The provider of cloud-based services for medical groups and health systems closed yesterday up $1.77 to $162.98.
November 16, 2015
06:11 EDTMCDTaco Bell to stop using eggs laid by caged hens by 2017, Reuters reports
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