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Stock Market & Financial Investment News

News Breaks
July 29, 2014
10:00 EDTTSN, PCYC, MWE, FGP, COST, AGNC, ZION, SBH, MSTR, LSTR, FDO, COLM, ALB, WPX, PFS, MTDR, ONE, DCO, BOHOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Albemarle (ALB) upgraded to Buy from Hold at Topeka... American Capital Agency (AGNC) upgraded to Buy from Hold at Wunderlich... Bank of Hawaii (BOH) upgraded to Buy from Neutral at DA Davidson... Columbia Sportswear (COLM) upgraded to Hold from Sell at McAdams Wright... Costco (COST) upgraded to Conviction Buy from Neutral at Goldman... Ducommun (DCO) upgraded to Buy from Neutral at DA Davidson... Family Dollar (FDO) upgraded to Neutral from Underweight at Piper Jaffray... Ferrellgas Partners LP (FGP) upgraded to Neutral from Sell at Citigroup... Higher One (ONE) upgraded to Overweight from Underweight at Piper Jaffray... Landstar System (LSTR) upgraded to Buy from Hold at BB&T... MarkWest Energy (MWE) upgraded to Buy from Hold at Wunderlich... Matador (MTDR) upgraded to Outperform from Market Perform at BMO Capital... MicroStrategy (MSTR) upgraded at JMP Securities... Pharmacyclics (PCYC) upgraded to Outperform from Market Perform at Leerink... Provident Financial (PFS) upgraded at Sterne Agee... Sally Beauty (SBH) upgraded to Buy from Neutral at Citigroup... Tyson Foods (TSN) upgraded to Buy from Hold at Miller Tabak... WPX Energy (WPX) upgraded to Accumulate from Hold at Tudor Pickering... Zions Bancorp (ZION) upgraded at Bernstein.
News For ALB;AGNC;BOH;COLM;COST;DCO;FDO;FGP;ONE;LSTR;MWE;MTDR;MSTR;PCYC;PFS;SBH;TSN;WPX;ZION From The Last 14 Days
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July 28, 2015
08:04 EDTMSTRMicroStrategy price target raised to $230 from $210 at JMP Securities
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07:29 EDTWPXSenate Banking, Housing & Urban Affairs Committee to hold a hearing
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July 27, 2015
19:03 EDTMSTROn The Fly: After Hours Movers
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16:42 EDTAGNCAmerican Capital Agency reports Q2 EPS 60c, consensus 64c
As of June 30, the company's net book value per common share was $24.00, or ($1.53) lower than its March 31, 2015 net book value per common share of $25.53. The 6.0% decline in the company's net book value per common share was primarily due to higher interest rates and wider spreads for agency MBS relative to benchmark interest rates.
16:20 EDTMSTRMicroStrategy appoints Le as CFO
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16:18 EDTMSTRMicroStrategy reports Q2 EPS $1.95, consensus $1.39
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09:04 EDTBOHBank of Hawaii reports Q2 EPS 95c, consensus 92c
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July 23, 2015
16:24 EDTLSTRLandstar System CEO says demand for Landstar's services in July 'very strong'
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16:23 EDTLSTRLandstar System sees Q3 EPS 87c-92c, consensus 89c
Sees Q3 revenue $830M-$880M, consensus $865.04M.
16:22 EDTLSTRLandstar System raises quarterly dividend 14% to 8c per share
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16:21 EDTLSTRLandstar System reports Q2 EPS 92c, consensus 89c
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July 22, 2015
15:01 EDTCOSTEarnings Watch: American Express reports after several 'top pick' mentions
American Express (AXP) is expected to report second quarter earnings after the close on July 22, with a conference call scheduled for 5:00 pm ET. American Express is a global financial services company specializing in credit card and pre-paid card products and services. EXPECTATIONS: Analysts are looking for earnings per share of $1.32 on revenue of $8.46B. The consensus range is $1.23-$1.41 for EPS and $8.29B-$9.01B for revenue, according to First Call. LAST QUARTER: On April 16, American Express reported first quarter EPS of $1.48 against expectations for $1.37, and revenue of $7.95B versus estimates of $8.21B. The company reported ROE of 29% and guided towards flat to modestly down FY15 EPS as it ramps investments to offset the March 2016 expiration of its Costco (COST) partnership. NEWS: On May 12, American Express authorized the repurchase of up to 150M company shares while also raising its dividend 12% to 29c per share. During the Bernstein Strategic Decisions Conference on May 28, company executives remarked that a "range" of co-brand deals would be coming up for American Express, adding that the loss of the Costco contract was not the "be-all, end-all" for the company. On June 17, Reuters reported that a U.S. appeals court affirmed a prior ruling that American Express can no longer block businesses from steering customers towards competitor cards, such as those of Visa (V) or Mastercard (MA). STREET RESEARCH: On April 27, Nomura downgraded American Express to Neutral from Buy, citing minimal upside to 2015 and 2016 estimates amid a lack of near-term catalysts. Meanwhile, Bernstein upgraded the stock to Outperform from Market Perform on May 6. On May 18, Deutsche Bank reiterated a Buy rating and $90 price target on American Express shares, saying it sees a $750M-$850M annual revenue opportunity through the "Plenti" loyalty program coalition. On June 2, Bernstein said it expects credit card volumes to grow 10%-12% annually over the next five years, adding that American Express, Capital One (COF) and Synchrony Financial (SYF) are its favorites in the sector. Following meetings with American Express executives, Citi called American's risk/reward ratio "attractive" on June 4, and on July 8, Deutsche Bank said it was positive on credit card stocks going into second quarter earnings, with American Express named a top pick. PRICE ACTION: Shares of American Express are near flat to $78.96 ahead of Wednesday's earnings report.
08:38 EDTCOSTNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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07:40 EDTMSTRMicroStrategy management to meet with Deutsche Bank
Meeting to be held in New York on July 22 hosted by Deutsche Bank.
July 21, 2015
05:10 EDTMWEMarkWest Energy raises quarterly dividend by 1c to 92c per unit
MarkWest Energy announced that the board of the General Partner of MarkWest Energy Partners, declared a cash distribution of 92c per common unit for Q2, for an implied annual rate of $3.68 per common unit. The Q2 distribution represents an increase of 1c per common unit, or 1.1%, compared to the Q1 distribution. The Q2 distribution is payable August 14, to unitholders of record on August 6. The ex-dividend date is August 4.
July 20, 2015
17:50 EDTZIONZions Bancorp sees net interest income moderately increasing in 12 months
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16:12 EDTZIONZions Bancorp reports Q2 EPS ex-items 41c, consensus 38c
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15:01 EDTZIONNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $3.78... Canadian National Railway (CNI), consensus $1.05... Crown Holdings (CCK), consensus $1.01... Zions Bancorp (ZION), consensus 38c... Hexcel (HXL), consensus 61c... Brown & Brown (BRO), consensus 44c... Steel Dynamics (STLD), consensus 22c... Werner (WERN), consensus 42c.
10:13 EDTMWEOptions with decreasing implied volatility
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07:11 EDTMWEMPLX, MarkWest Energy provide supplimental information about merger
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