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Stock Market & Financial Investment News

News Breaks
July 29, 2014
10:00 EDTMWE, FGP, COST, AGNC, ZION, SBH, MSTR, LSTR, FDO, COLM, ALB, WPX, PFS, MTDR, ONE, DCO, BOH, TSN, PCYCOn 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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April 13, 2015
07:04 EDTMWEMarkWest Energy initiated with a Buy at Ladenburg
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April 9, 2015
20:11 EDTDCODucommun sees 1H15 impacted by reduced government procurement
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20:10 EDTDCODucommun reports Q4 EPS 46c, consensus 30c
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14:10 EDTALBFollow-up: Albemarle upgraded at Goldman
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14:06 EDTALBAlbemarle upgraded to Buy from Neutral at Goldman
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09:18 EDTCOLM, FDOBofA/Merrill retail analysts hold an analyst/industry conference call
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09:10 EDTPCYCPharmacyclics' Imbruvica shows positive Phase II data
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07:56 EDTCOSTCostco March comps slow but underlying trends solid, says Baird
Baird noted that March comps for Costco were below expectations and trends slowed from their recent pace, but said that underlying comps remain solid. The firm said shares could dip on the headlines, but they would be buyers, as they believe Costco offers a compelling value proposition, consistent traffic flow, and a loyal member base. Baird reiterated its Outperform rating and $165 price target on Costco shares.
05:23 EDTCOSTCostco and Tmall Global release joint statement regarding 'false claims'
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05:17 EDTCOSTCostco reports March net sales $10.4B vs. $10.43B last year
The calendar shift negatively impacted this year's net and comparable sales by an estimated 1%-1.5%. Reports March comparable sales down 2%, March U.S. comparable sales flat, March international comparable sales down 9%. Reports March comparable sales, excluding negative impacts from gasoline price deflation and foreign exchange up 4%, U.S. comparable sales excluding negative impacts up 4%, international comparable sales excluding negative impacts up 4%.
April 8, 2015
10:01 EDTWPXOn The Fly: Analyst Initiation Summary
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08:09 EDTFDOFamily Dollar says sales trends in March 'rebounded nicely'
"We continue to see tangible benefits from the investments we have made to strengthen our value proposition for customers. Our comparable store sales and customer traffic trends are improving, and we are beginning to see stabilization in key categories. While our trends in late-February were adversely impacted by severe winter weather, our sales trends in March rebounded nicely, reflecting both improved traffic trends and the benefit of an earlier Easter,” said Howard R. Levine, Chairman and CEO. “We are excited about the pending merger with Dollar Tree, and our teams are working to ensure a successful integration.”
08:05 EDTFDOFamily Dollar says not providing guidance
On January 22, Family Dollar (FDO) stockholders adopted the merger agreement with Dollar Tree (DLTR). The completion of the merger remains subject to Federal Trade Commission clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and other closing conditions. Dollar Tree, with support from Family Dollar, is continuing to work with the FTC to obtain clearance under the HSR Act, including in connection with arranging for divestitures. Dollar Tree has informed Family Dollar that Dollar Tree intends to close the merger by the end of May 2015. In light of the pending transaction, the company has not provided earnings guidance for fiscal 2015 and will not hold a conference call to discuss its second quarter results.
08:05 EDTFDOFamily Dollar reports March SSS up 3.7%
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08:04 EDTFDOFamily Dollar reports Q2 adjusted EPS 74c, consensus 73c
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07:56 EDTWPXWPX Energy initiated with a Buy at KLR Group
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April 7, 2015
16:38 EDTFDODollar Tree discloses update on FTC review process of Family Dollar acquisition
Dollar Tree (DLTR) disclosed in a regulatory filing, the following update on the Federal Trade Commission’s review process of the company’s pending acquisition of Family Dollar Stores (FDO). As of April 1, the FTC’s staff has substantially completed its review and identified approximately 340 stores for divestiture, representing approximately $47.4M of operating income. The company expects that all or almost all of the stores that will be divested will be Family Dollar stores. The company continues to make progress with divestiture buyers and has received multiple indications of interest from buyers, each of whom intend to operate these divested locations as dollar stores to address the FTC's concerns. The company is working to finalize divestiture agreements with the selected bidders in April 2015 and in parallel to secure FTC approval. The company intends to close the proposed merger in May, but this timing is subject to certain factors beyond the company’s control, including FTC approval.
15:30 EDTFDONotable companies reporting before tomorrow's open
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07:01 EDTALBAlbemarle to increase prices on all shipments of Ethacure 100 products
Albemarle announced that it will increase prices on all shipments globally of Ethacure 100 products by a minimum of 25%, effective immediately, or as contracts allow.
April 6, 2015
07:31 EDTMTDRMatador says achieved quarterly production of approx. 2.1M BOE for Q1
Matador achieved record quarterly production of approximately 2.1 million BOE for the first quarter of 2015. Production for the first quarter of 2015 was almost double the 1.1 million BOE produced in the first quarter of 2014 and up about 10% sequentially from 1.9 million BOE produced in the fourth quarter of 2014. First quarter 2015 production was ahead of the Company’s estimates by about 10% as a result of better-than-expected performance from newly completed wells in both the Delaware Basin and the Eagle Ford shale, as well as earlier completion dates on several Eagle Ford wells leading to less shut-in production during the first quarter. For the month of March 2015, Matador’s average daily oil equivalent production increased to approximately 25,000 BOE per day for the first time in the company’s history. In addition, during the last two weeks of March 2015, once the newly completed and temporarily shut-in Eagle Ford wells were placed on production, Matador’s daily oil equivalent production was as high as 29,000 BOE per day and averaged approximately 27,000 BOE per day, including 14,000 barrels of oil per day and 80 million cubic feet of natural gas per day. Matador also announced that the 24-hour initial potential test results from its two most recent completions in the Rustler Breaks prospect area in Eddy County, New Mexico – the Guitar 10-24S-28E RB #202H and the Tiger 14-24S-28E RB #224H wells – which tested two new horizons within the Wolfcamp formation. Based on the encouraging test results, Matador believes it has established commercial production in three Wolfcamp horizons for future development in its Rustler Breaks prospect area and further anticipates that it may soon identify a fourth commercial horizon in this prospect area, the Second Bone Spring, based on both an upcoming Matador test of this formation as well as the results from other operators drilling wells in the Second Bone Spring in the area. Matador estimates that it has approximately 40% of its anticipated oil production and approximately 70% of its anticipated natural gas production hedged for the remainder of 2015.
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