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Stock Market & Financial Investment News

News Breaks
October 14, 2013
10:03 EDTMT, DNKN, THOR, DAKT, NUVA, IRM, CTCM, BPL, ZLTQ, BRS, XPO, MTSN, HSC, BVN, ALU, AMD, H, JOSB, TSS, LINTA, GLUUOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded to Overweight from Equal Weight at Barclays... ArcelorMittal (MT) upgraded to Outperform from Neutral at Macquarie... Buckeye Partners (BPL) upgraded to Buy from Hold at Deutsche Bank... Buenaventura (BVN) upgraded to Overweight from Neutral at JPMorgan... CTC Media (CTCM) upgraded to Buy from Hold at Deutsche Bank... Glu Mobile (GLUU) upgraded to Buy from Neutral at B. Riley... Harsco (HSC) upgraded to Buy from Hold at BB&T... Iron Mountain (IRM) upgraded to Outperform from Neutral at RW Baird... Liberty Interactive (LINTA) upgraded to Outperform from Market Perform at Wells Fargo... Mattson Technology (MTSN) upgraded to Buy from Neutral at B. Riley... Nokia (NOK) upgraded to Equal Weight from Underweight at Barclays... NuVasive (NUVA) upgraded to Market Perform from Underperform at BMO Capital... TSYS (TSS) upgraded to Outperform from Market Perform at JMP Securities... XPO Logistics (XPO) upgraded to Outperform from Market Perform at FBR Capital... Daktronics (DAKT) upgraded to Buy from Neutral at Sidoti... JoS. A. Bank (JOSB) upgraded to Overweight from Equal Weight at Johnson Rice... Bristow Group (BRS) upgraded to Buy from Speculative Buy at Global Hunter... Hyatt Hotels (H) upgraded to Buy from Neutral at ISI Group... Thoratec (THOR) upgraded to Buy from Neutral at Goldman... ZELTIQ Aesthetics (ZLTQ) upgraded to Buy from Neutral at Goldman... Dunkin' Brands (DNKN) upgraded to Buy from Hold at Miller Tabak... AMD (AMD) upgraded to Outperform from Neutral at Wedbush.
News For ALU;BPL;MT;BVN;CTCM;GLUU;HSC;IRM;LINTA;MTSN;NUVA;TSS;XPO;DAKT;JOSB;BRS;THOR;H;ZLTQ;DNKN;AMD From The Last 14 Days
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February 24, 2015
16:18 EDTNUVANuVasive sees FY15 adjusted EPS approximately $1.10, consensus $1.53
Sees FY15 revenue approximately $810M, consensus $811.03M, which includes an approximate $10M of currency headwinds.
16:16 EDTNUVANuVasive reports Q4 adjusted EPS 39c, consensus 37c
Reports Q4 revenue $204.3M, consensus $201.39M.
07:36 EDTDAKTDaktronics cuts FY15 capital usage projection by $2M
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07:35 EDTDAKTDaktronics reports Q3 EPS 1c, consensus 9c
Reports Q3 revenue $118.1M, consensus $128.7M. The company said: ""While our third quarter is historically our lightest for revenue, this year we also experienced an operating loss for the quarter, which is uncommon. We were able to grow sales by 2.4% during the quarter as compared to fiscal 2014, but at a lower gross profit margin rate. A portion of the quarter-over-quarter margin decline is due to higher fixed costs in our manufacturing and services departments. Some of this increase is due to overall salary and benefit increases and a portion relates to the additional operating costs of Data Display, which was acquired in the second quarter. Margins continued to be impacted by the overall competitiveness in the market place as well as the sales mix. In the third quarter, we worked on larger-dollar projects which typically have lower margins due to the competition of the bid and the installation service mix. Orders declined for the third quarter of fiscal 2015 compared to the third quarter of fiscal 2014. Order swings by quarter are not unusual and are often caused by specific large project transactions, especially in our Live Events, Commercial, and International business units."
07:28 EDTAMDAMD management to meet with Deutsche Bank
Meeting to be held in New York on February 24 hosted by Deutsche Bank.
February 23, 2015
16:17 EDTBPLBuckeye Partners reduces FY14 revenue by $40M due to settlement discussions
Buckeye Partners (BPL) announced revisions to its financial results for Q4 and FY14 due to a recent development. As has been previously disclosed, commencing in September 2012, Delta Air Lines (DAL), JetBlue (JBLU), United/Continental Air Lines (UAL), US Airways, and American Airlines (AAL) filed complaints with the Federal Energy Regulatory Commission challenging rates for transportation of jet fuel from New Jersey to three New York City area airports charged by Buckeye Pipe Line Company, an operating subsidiary of Buckeye. The Airlines are seeking payments for alleged past excessive charges and prospective tariff rate reductions. As the litigation has progressed, BPLC and the Airlines have continued to pursue settlement discussions. Due to positive developments in those settlement discussions subsequent to Buckeye's issuance of its 2014 earnings on Friday, February 6, Buckeye has recorded a reduction in revenue in the amount of $40M for the year ended December 31, 2014 in accordance with applicable accounting guidance regarding contingencies. This reduction in revenue is a one-time charge; therefore, Adjusted EBITDA and distributable cash flow for 2014 remain as reported on February 6th. The $40M is based upon a settlement offer made by BPLC to satisfy the claims for alleged past excessive charges through December 31, 2014, which offer has not been accepted by the Airlines. "While we continue to pursue settlement of this matter, we are not able to predict with certainty the final outcome of the proceeding, should it be carried through to its conclusion, or whether we can reach a satisfactory settlement and, if so, whether or not it will be on more or less favorable terms," the company said.
09:59 EDTAMDOn The Fly: Analyst Initiation Summary
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08:51 EDTXPOXPO Logistics added to Top Picks List at FBR Capital
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08:46 EDTAMDAMD initiated with an Underperform at Exane BNP Paribas
Target $2.30.
February 19, 2015
15:32 EDTIRMNotable companies reporting before tomorrow's open
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February 18, 2015
16:11 EDTXPOXPO Logistics sees 2015 annual revenue run rate of at least $5.25B
Sees annual EBITDA run rate of at least $300M by December 31, and at least $1.5B of acquired historical annual revenue for the full year. The company reaffirmed its financial targets for the full year 2017: Revenue of approximately $9.0B and EBITDA of approximately $575M.
16:10 EDTXPOXPO Logistics reports Q4 EPS (10c), consensus (13c)
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09:19 EDTDNKNDunkin' Brands to open 46 new restaurants in Indiana
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08:21 EDTALUBofa European telecom equipment analysts hold analyst/industry conference call
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08:16 EDTALUFreescale Semi, Bell Labs expand partnership to develop network access device
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07:36 EDTHHyatt Hotels sees opening about 50 hotels in 2015
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07:35 EDTHHyatt Hotels reports Q4 adjusted EPS 31c, consensus 22c
Reports Q4 revenue $1.08B, consensus $1.14B. Comparable owned and leased hotels RevPAR increased 1.9%, or 3.4% excluding the effect of currency, in Q4 compared to the fourth quarter of 2013. Comparable owned and leased hotels operating margins decreased 50 basis points in Q4 compared to the same period in 2013. Comparable systemwide RevPAR increased 3.1%, or 5.1% excluding the effect of currency, in Q4 compared to the fourth quarter of 2013.
February 17, 2015
14:57 EDTHHyatt Hotels volatility elevated into Q4 and outlook
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10:29 EDTMTHigh option volume stocks
High option volume stocks: RDSA JACK WUBA MT JAKK VDSI ECL ENR AVG NWBO
09:05 EDTTSSProPay adds Visa Checkout to payment options
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