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Stock Market & Financial Investment News

News Breaks
July 29, 2014
10:00 EDTZION, SBH, MSTR, LSTR, FDO, COLM, ALB, WPX, PFS, MTDR, ONE, DCO, BOH, TSN, PCYC, MWE, FGP, COST, AGNCOn 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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March 25, 2015
08:57 EDTTSNJBS S.A. weighing IPO for U.S. unit, Bloomberg reports
The world’s biggest meat producer, JBS S.A. (JBSAY), is mulling plans for an initial public offering of its U.S. unit, according to Bloomberg, citing two people with direct knowledge of the matter. Other publicly traded companies in the meat production space include Hormel Foods (HRL), Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN). Reference Link
07:54 EDTSBHSally Beauty price target raised to $40 from $36 at RW Baird
Baird raised its price target on Sally Beauty to $40 from $36 on increased conviction the company can improve results across multiple facets of its business. The firm also sees solid industry dynamics, structural margin drivers, and continued buybacks and reiterated its Outperform rating on Sally Beauty shares.
March 24, 2015
07:50 EDTTSNTyson Foods shares should be bought, says BB&T
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March 23, 2015
12:31 EDTCOSTFly Watch: American Express analyst day seen as possible catalyst
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March 20, 2015
08:03 EDTZIONZions Bancorp announces retirement of CFO Doyle Arnold
Zions Bancorp (ZION) announced that Vice Chairman and CFO Doyle Arnold will retire in early May, subsequent to the filing of the company's first quarter financial results. He will be succeeded as CFO by Paul Burdiss, currently Corporate Treasurer at SunTrust (STI) Atlanta, Georgia.
March 19, 2015
07:35 EDTCOSTKroger price target raised to $90 from $80 at Deutsche Bank
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March 18, 2015
11:50 EDTALBAlbemarle hires BofA/Merrill for sale of non-core businesses, says dealReporter
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06:16 EDTCOSTAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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March 17, 2015
09:33 EDTPFSProvident Financial downgraded to Neutral at Boenning & Scattergood
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07:18 EDTDCOSatellite & Access Intelligence to hold a exhibition
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06:26 EDTCOSTCostco temporarily barred from importing fish into Canada, WSJ says
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March 16, 2015
16:25 EDTTSNTyson Foods backs FY15 EPS $3.30-$3.40, consensus $3.43
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15:31 EDTPCYCPharmacyclics resumes, up 0.6% to $256.58 after HELIOS hits primary endpoint
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15:08 EDTPCYCPharmacyclics to resume trading at 3:30 pm EDT
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15:04 EDTPCYCPharmacyclics says committee recommends unblinding after primary endpoint met
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14:55 EDTPCYCPharmacyclics trading halted, pending news
10:14 EDTAGNCOptions with decreasing implied volatility
Options with decreasing implied volatility: EXPR ULTA SGMS QIHU BKS PAY URBN AGN AGNC
08:01 EDTDCODucommun to delay release of earnings
Ducommun Incorporated announced that it will postpone its 2014 fourth quarter and year-end earnings announcement and conference call currently scheduled for Monday, March 16. The company needs additional time to complete its 2014 financial statements and will file an extension notice on Form 12b-25 with the SEC to report the delayed filing of its Annual Report on Form 10-K. The company requires further time to finalize the financial information because it has discovered certain errors in the reported financial results for certain prior periods. Ducommun anticipates that the correction of these errors generally will result in an increase in the company’s net income for such periods. The company’s assessment of these matters is ongoing and subject to additional review. The company expects to announce its 2014 fourth quarter and year-end results as soon as practical and will issue a subsequent earnings release and conference call advisory announcing the timing for the release upon the finalization of the financial statements and audit completion.
07:56 EDTDCODucommun says some financial statements should not be relied upon
In a filing, Ducommun said its Audit Committee of the Board of Directors, after considering the recommendation of management, concluded on March 12, that the company’s previously issued financial statements contained in the company’s Annual Report on Form 10-K for the year ended December 31, 2013, and the Quarterly Reports on Form 10-Q for the first three quarters of the year ended December 31, 2014, should no longer be relied upon because of prior period errors in such financial statements. The conclusions reached were discussed with PricewaterhouseCoopers LLP, the Company’s independent registered public accounting firm. The prior period errors were discovered in connection with (i) a review by the company of a long-term contract following the discovery of misconduct by employees in the recording of direct labor costs to the contract from 2009 through the third quarter 2014, which resulted in the identification of a forward loss provision that should have been recorded in a prior period; and (ii) the year end reconciliation of income taxes payable and deferred tax balances that identified errors primarily in 2012 and 2013. Upon completion of the review of these matters and their impact on the above-referenced financial statements, the company expects to restate its financial statements previously included in the Prior 10-K. The company has additionally concluded that the control deficiencies that failed to detect these errors constituted material weaknesses in internal control over financial reporting as of December 31, 2013 and for each of the quarters in the nine months ended September 27, 2014. These material weaknesses remain unremediated as of December 31, 2014. When combined with the impact of prior period errors previously disclosed in the company’s financial statements included in the Prior 10-K and Prior 10-Qs, the company anticipates that the correction of the errors described above generally will result in an increase in the company’s net income for the years ended December 31, 2012 and December 31, 2013 and the nine months ended September 27, 2014, as a result of establishing a contract loss reserve in a prior period. However, the company presently cannot quantify the amount of the anticipated increase in net income because it has not completed the review described above. The company expects to file its Form 10-K for the year ended December 31, 2014 on or before March 31, 2015.
07:16 EDTTSNConsumer Analyst Group of Europe to hold a conference
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