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Stock Market & Financial Investment News

News Breaks
February 6, 2013
15:17 EDTTSO, ORLY, EFX, AIZ, ALL, SRCL, LNC, CINF, V, PRU, FMC, CBG, NWSACompanies reporting After the Market Close on Wednesday, February 6th
Notable companies reporting after the bell include Akamai (AKAM), Allstate (ALL), Assurant (AIZ), CBRE Group (CBG), Cincinnati Financial (CINF), Equifax (EFX), FMC Corporation (FMC), Lincoln National (LNC), News Corp. (NWSA), O'Reilly Automotive (ORLY), Prudential (PRU), Stericycle (SRCL), Tesoro (TSO) and Visa (V)
News For ALL;NWSA;V;AIZ;CBG;CINF;EFX;FMC;LNC;ORLY;PRU;SRCL;TSO From The Last 14 Days
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March 25, 2015
10:00 EDTSRCLOn The Fly: Analyst Initiation Summary
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09:35 EDTVActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA KRFT FB BIDU GPRO V GILD NFLX
09:29 EDTTSORefining stocks can outperform commodities within cycle, says Cowen
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09:19 EDTTSORefining sector price targets raised at Morgan Stanley
Morgan Stanley believes the market is underestimating US downstream earnings power. The firm expects US refining to re-rate, driven by relative valuations, secular tailwinds, and focus on shareholder returns. Morgan Stanley raised price targets on Valero (VLO) to $90 from $70, Tesoro (TSO) to $120 from $92, Phillips 66 (PSX) to $105 from $95, Western Refining (WNR) to $63 from $52, Delek US (DK) to $48 from $45, Marathon Petroleum (MPC) to $145 from $120, and PBF Energy (PBF) to $45 from $35.
07:28 EDTVVisa MasterCard should be bought on any weakness caused by currency, says Stifel
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05:21 EDTSRCLStericycle initiated with an In-Line at Imperial Capital
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March 24, 2015
07:27 EDTCBGTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.
March 23, 2015
07:20 EDTVBarclays to hold a forum
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March 20, 2015
10:09 EDTALLAllstate enters accelerated share repurchase agreement with Goldman Sachs
Allstate (ALL) said in a filing that on March 19, the Registrant entered into an accelerated share repurchase agreement with Goldman, Sachs & Co. (GS), to purchase $500M of its outstanding common stock. The majority of the shares to be repurchased under this agreement will be received by the Registrant at the agreementís inception. It is expected that Goldman will purchase the shares that it delivers under the agreement in the market within a timeframe not to exceed three months. The final purchase price per share and number of shares to be delivered by Goldman will be determined at the conclusion of the agreement and settlement will consist of the Registrant receiving shares based on the average of the daily volume weighted average prices of the Registrantís common stock during the period of Goldman purchases. If the Registrant is required to pay a settlement amount, the Registrant may elect to settle in cash or shares of its common stock. The agreement is part of the Registrantís repurchase program totaling $3B that was announced on February 4, 2015. All of the shares acquired by the Registrant under the agreement will be placed into its treasury.
10:00 EDTTSOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded at Stifel... American Capital Mortgage (MTGE) downgraded to Hold from Buy at Wunderlich... Campus Crest (CCG) downgraded at RBC Capital... Care.com (CRCM) downgraded to Neutral from Overweight at JPMorgan... Electrolux AB (ELUXY) downgraded to Neutral from Overweight at JPMorgan... Ericsson (ERIC) downgraded to Equal Weight from Overweight at Morgan Stanley... Extreme Networks (EXTR) downgraded at Raymond James... PrivateBancorp (PVTB) downgraded to Market Perform from Outperform at BMO Capital... TD Ameritrade (AMTD) downgraded to Neutral from Buy at Goldman... Tableau (DATA) downgraded at Mizuho... Tech Data (TECD) downgraded to Hold from Buy at Needham... Tesoro (TSO) downgraded at Wells Fargo... Ultra Clean (UCTT) downgraded to Hold from Buy at Needham... Vince Holding (VNCE) downgraded to Neutral from Overweight at Piper Jaffray... Youku Tudou (YOKU) downgraded to Sell from Hold at Deutsche Bank.
07:46 EDTALLAllstate, AIG, others questioned by regulator over pricing method, WSJ says
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07:17 EDTTSOTesoro downgraded at Wells Fargo
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06:28 EDTNWSAReuters' news sites 'inaccessible' in China, Reuters reports
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05:35 EDTTSOTesoro downgraded to Market Perform from Outperform at Wells Fargo
March 19, 2015
09:11 EDTALLAllstate reports Februay catastrophe loss estimate $223M pre-tax
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05:24 EDTNWSANews Corp builds investment plan in APN News to 14.99% stake
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March 18, 2015
09:02 EDTPRUEl Paso enters three-year contract with Prudential
Prudential Retirement announced the City of El Paso has recommitted its defined contribution plan to Prudential Retirement. Prudential Retirement is a business unit of Prudential Financial. The city has entered a three-year contract with the company.
March 17, 2015
08:22 EDTAIZAssurant management to meet with JPMorgan
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March 16, 2015
15:13 EDTNWSANews Corp. management to meet with Jefferies
Meeting to be held in Boston on March 20 hosted by Jefferies.
10:44 EDTNWSANetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
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