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Stock Market & Financial Investment News

News Breaks
July 11, 2014
10:00 EDTCNW, TGB, PRGO, AUMN, EAT, QCOM, OTEX, FINL, ALDW, TCK, PG, MTGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Alon USA Partners (ALDW) downgraded to Neutral from Buy at Citigroup... Brinker (EAT) downgraded to Hold from Buy at Wunderlich... Con-way (CNW) downgraded to Neutral from Buy at Citigroup... Finish Line (FINL) downgraded at Sterne Agee... Golden Minerals (AUMN) downgraded to Neutral from Buy at Roth Capital... MGIC Investment (MTG) downgraded to Buy from Conviction Buy at Goldman... Open Text (OTEX) downgraded to Sector Perform from Outperform at RBC Capital... Perrigo (PRGO) downgraded to Equal Weight from Overweight at Morgan Stanley... Procter & Gamble (PG) downgraded to Market Perform from Outperform at Wells Fargo... Qualcomm (QCOM) downgraded to Buy from Conviction Buy at Goldman... Taseko Mines (TGB) downgraded at BofA/Merrill... Teck Resources (TCK) downgraded to Underperform from Neutral at BofA/Merrill.
News For ALDW;EAT;CNW;FINL;AUMN;MTG;OTEX;PRGO;PG;QCOM;TGB;TCK From The Last 14 Days
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December 11, 2014
06:06 EDTQCOMQualcomm cutting 600 jobs worldwide, CNet reports
A Qualcomm spokesperson has confirmed that the company is planning to cut 600 jobs globally, with around half the cuts coming in California, CNet reports. The spokesperson notes that the layoffs are not related to ongoing investigations in the U.S., China and the EU, commenting that the layoffs are "focused on specific projects and programs and reflects current business priorities." Reference Link
December 10, 2014
10:00 EDTCNWOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 3D Systems (DDD) initiated with an Underperform at Longbow... AutoZone (AZO) initiated with a Buy at Nomura... C.H. Robinson (CHRW) initiated with a Neutral at Nomura... CSX (CSX) initiated with a Buy at Nomura... CVS Health (CVS) initiated with a Neutral at Citigroup... Canadian National (CNI) initiated with a Neutral at Nomura... Carrizo Oil & Gas (CRZO) initiated with a Buy at Canaccord... CenterPoint Energy (CNP) initiated with a Neutral at Nomura... Con-way (CNW) initiated with a Neutral at Nomura... Cornerstone OnDemand (CSOD) initiated with a Buy at BofA/Merrill... Depomed (DEPO) initiated with an Outperform at RBC Capital... Dollar General (DG) initiated with a Buy at Citigroup... Dollar Tree (DLTR) initiated with a Neutral at Citigroup... Dynagas LNG (DLNG) initiated with a Buy at ABN Amro... EMC (EMC) initiated with a Neutral at JPMorgan... Energy Focus (EFOI) initiated with a Buy at Roth Capital... Expeditors (EXPD) initiated with a Neutral at Nomura... GasLog (GLOG) initiated with a Buy at ABN Amro... Genesee & Wyoming (GWR) initiated with a Neutral at Nomura... Golar LNG (GLNG) initiated with a Sell at ABN Amro... HII Technologies (HIIT) initiated with a Buy at Roth Capital... Hudbay Minerals (HBM) initiated with an Overweight at Barclays... J.B. Hunt (JBHT) initiated with a Buy at Nomura... Kansas City Southern (KSU) initiated with a Buy at Nomura... Kroger (KR) initiated with a Buy at Citigroup... Lear (LEA) initiated with a Buy at Northcoast... Lundin Mining (LUNMF) initiated with an Overweight at Barclays... NetApp (NTAP) initiated with a Neutral at JPMorgan... Norfolk Southern (NSC) initiated with a Neutral at Nomura... PROS (PRO) initiated with an Outperform at Pacific Crest... Qlik Technologies (QLIK)initiated with a Buy at BofA/Merrill... Rentokil (RTOKY) initiated with a Neutral at UBS... Revolution Lighting (RVLT) initiated with a Buy at Roth Capital... ServiceNow (NOW) initiated with a Buy at BofA/Merrill... Stratasys (SSYS) initiated with a Neutral at Longbow... Suburban Propane (SPH) initiated with a Hold at Stifel... Tableau (DATA) initiated with a Buy at BofA/Merrill... Teekay LNG (TGP) initiated with a Buy at ABN Amro... Tessera (TSRA) initiated with a Buy at Sidoti... Union Pacific (UNP) initiated with a Buy at Nomura... Viper Energy (VNOM) initiated with a Buy at Stifel... Visteon (VC) initiated with a Buy at Northcoast... Walgreen (WAG) initiated with a Buy at Citigroup... Werner (WERN) initiated with a Neutral at Nomura.
10:00 EDTEATOn The Fly: Analyst Downgrade Summary
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06:36 EDTCNWCon-way initiated with a Neutral at Nomura
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06:28 EDTEATBrinker downgraded to Hold from Buy at Miller Tabak
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December 9, 2014
08:04 EDTTGBTaseko Mines announces EPA issues draft underground injection control permit
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December 8, 2014
07:31 EDTQCOMQualcomm announces collabration with vitaphone e-health solutions
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07:06 EDTMTGMGIC Investment reports November primary new insurance written $2.9B
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December 5, 2014
16:36 EDTOTEXOn The Fly: Closing Wrap
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10:44 EDTQCOMOptions with increasing implied volatility
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09:02 EDTOTEXActuate to be acquired by Open Text in deal with equity value of $330M
Actuate Corporation (BIRT) announced that it has entered into an agreement to be acquired by OpenText (OTEX). Under the terms of the merger agreement, an affiliate of OpenText will commence a tender offer to the Actuate stockholders to purchase any and all shares of common stock they hold for $6.60 in cash per share. The purchase price represents an approximately 89% premium to the closing price of Actuate common stock on December 4, 2014, and an equity value of approximately $330M. The addition of Actuate enables OpenText to enhance their products with embedded analytics as well as enter a growing market. Together Actuate and OpenText will seek to extend the benefits of embedded analytics to more geographies and industries. Industry research indicates embedded analytics is increasing in its importance. Embedded analytics turns information into intelligence by providing users with relevant, actionable insights delivered within the context of the application. This adds substantial value for companies embedding analytics into applications to help drive better customer engagement and improved decision making. The Board of Directors of Actuate has unanimously approved the transaction. The transaction is expected to close in 1Q15, subject to Actuate stockholders tendering a majority of Actuate’s outstanding shares pursuant to the tender offer and other customary closing conditions, including regulatory approvals.
09:01 EDTOTEXOpen Text agrees to acquire Actuate for $6.60 per share
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December 4, 2014
17:00 EDTQCOMSilicon Image announces new unit Qterics, Qualcomm participates with investment
Silicon Image (SIMG) announced that Qualcomm (QCOM), has made a $7M strategic investment in Silicon Image’s new subsidiary, Qterics, for a 7% ownership interest. Qterics will be focused on enabling a wide variety of solutions and services for Internet-enabled consumer products including TVs, mobile handsets, tablets, routers, home automation devices, white goods and more. Qterics is comprised of the UpdateLogic services business combined with other related Silicon Image assets, including software and other intellectual property. Current UpdateLogic General Manager, Kurt Thielen, will assume the role of President of Qterics. “Qualcomm is committed to enabling technologies that support our ‘Internet of Everything’ initiatives. Our strategic investment in Qterics further promotes IoE advancements, including the development of solutions utilizing the AllJoyn open source software framework of the AllSeen Alliance for a truly interoperable Internet of Everything,” said Michael Wallace, SVP and General Manager, Qualcomm Internet Services. In addition to the investment, Qualcomm and Silicon Image will explore opportunities to collaborate on promoting the AllJoyn open source software framework and developing new Internet of Everything services
10:08 EDTALDWOn The Fly: Analyst Initiation Summary
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10:08 EDTPGOn The Fly: Analyst Upgrade Summary
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08:49 EDTALDWAlon USA Partners initiated with a Trim at Tudor Pickering
08:04 EDTPGProcter & Gamble divestiture plan positive, says Bernstein
After Procter & Gamble reiterated its plans to divest 90-100 brands that account for 10% of its sales, Bernstein thinks that the company can reduce its costs and drive efficiency by selling declining growth/low margin brands. The firm keeps an Outperform rating on the shares.
06:20 EDTPGProcter & Gamble upgraded to Outperform from Neutral at Credit Suisse
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06:05 EDTQCOMStocks with implied volatility below IV index mean; WFM QCOM
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December 3, 2014
06:04 EDTQCOMStocks with implied volatility below IV index mean; WFM QCOM
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