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Stock Market & Financial Investment News

News Breaks
October 14, 2013
10:03 EDTAMD, H, JOSB, TSS, LINTA, GLUU, MT, DNKN, THOR, DAKT, NUVA, IRM, CTCM, BPL, ZLTQ, BRS, XPO, MTSN, HSC, BVN, ALUOn 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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June 29, 2015
05:57 EDTHHyatt and Wyndham invest in Airbnb rivals, Financial Times reports
Hyatt (H) was revealed to be among a group of investors to join a fundraising round for Onefinestay, an upmarket competitor to Airbnb, reports the Financial times. According to two people familiar with the matter, Wyndham Hotels (WYN) has also taken a stake in another London-based startup called LoveHomeSway, a subscription service that allows homeowners to swap their homes. Reference Link
June 28, 2015
18:08 EDTALUElliott takes roughly 1.3% stake in Alcatel-Lucent, FT says
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June 26, 2015
17:53 EDTXPOXPO Logistics says ND is subject of ongoing investigation by French regulators
XPO Logistics said in a regulatory filing that ND or Norbert Dentressangle is subject to an ongoing investigation by the French Competition Authority. On June 8, XPO Logistics announced that it has consummated the previously announced agreement to purchase all of the shares of Norbert Dentressangle held by Mr. Norbert Dentressangle and his family, representing 67% of the company's outstanding shares, at a price of 217.50 euros per share. XPO continued in a filing: "In July 2014, ND Distribution received notification from the French antitrust authorities relating to alleged anti-competitive practices of companies in the parcel express delivery business. Most French companies participating in this market also received complaints covering several prior years. The investigation focuses on the role played by an industry syndicate, in which the participants are said to have exploited the syndicate’s “Pooling Business Advisory” meetings so as to align their sales practices and, in particular, prices. The French antitrust authorities are reviewing the period from June 2007 to March 2008, which straddles the period during which ND completed its indirect takeover of ND Distribution. ND expects that a hearing may be held late in 2015 or early in 2016. Additionally, ND is involved in certain proceedings in the Valence Criminal Court regarding a two-year preliminary enquiry into the way ND organizes international transport sub-contracting operations. No provision has been made in ND’s financial statements regarding either investigation, and while ND disputes the claims against it, any adverse findings or decisions arising out of such investigation could have a material adverse impact on ND’s business and financial condition. "
16:00 EDTAMDOptions Update; June 26, 2015
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11:56 EDTAMDStocks with call strike movement; RIG AMD
Transocean (RIG) November 20 call option implied volatility increased 2% to 43, AMD (AMD) October 3 call option implied volatility decreased 1% to 52 according to IVolatility.
10:04 EDTMT:High option volume stocks
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09:36 EDTMTActive equity options trading on open
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June 25, 2015
17:56 EDTAMDMicron plunges after Q3 results, guidance impacted by PC headwinds
Shares of PC related memory chip maker Micron Technology (MU) are plunging after reporting third quarter financial results and fourth quarter guidance that missed analyst expectations. WHAT'S NEW: After the close, Micron reported Q3 earnings per share of 54c on revenue of $3.85B, both shy of analyst estimates of 56c and $3.9B, respectively. Citing "near-term headwinds driven primarily by weakness in PC sector," Micron gave a fourth quarter revenue view of $3.45B-$3.7B which was significantly lower than analyst expectations of $4.16B. WHAT'S NOTABLE: On the company's earnings conference call, Micron said, consistent with prior expectations, "We are forecasting DRAM industry supply bit growth in the mid-20s in calendar 2015 and in the low-to-mid 20s in 2016." The company said it sees DRAM gross margins for Q4 down mid-single digits sequentially. Additionally, the chip maker said it sees Q4 DRAM bit growth flat to up low single digits. ANALYST TAKE: On June 22, Micron was downgraded to Sell from Neutral at Goldman Sachs. Goldman analyst Mark Delaney downgraded Micron Technology to Sell saying rising DRAM supply will lower selling prices and contract margins. Delaney expects DRAM prices to drop up to 30% over the next three quarters and cut his price target for shares to $19 from $27. On the same day, JP Morgan lowered its price target on Micron shares to $33 from $37. The firm also lowered its estimates for Micron citing lower than anticipated DRAM pricing in the past three months. The firm, however, kept an Overweight rating on Micron, saying improving demand in other segments like mobile and the company's decision to not hold inventory during Q3 should help offset the DRAM weakness. PRICE ACTION: Shares of Micron are lower by 11.5% in after- hours trading to $21.25. OTHER PC RELATED STOCKS: In after-hours trading, PC related chip makers are also lower, with Intel Corporation (INTC) down 0.9%, NVIDIA (NVDA) lower by 1.1%, and AMD (AMD) down fractionally. Others trading lower include Microsoft (MSFT), SanDisk (SNDK), Hewlett-Packard (HPQ), and Seagate (STX).
June 24, 2015
09:11 EDTAMDApplied Micro an affordable target for Qualcomm, says Summit Research
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June 23, 2015
18:00 EDTHSCS&P announces changes to the S&P 400, 500, 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: Columbia Pipeline Group (CPGX) will replace Allegheny Technologies (ATI) in the S&P 500, Allegheny Technologies will replace Unit Corp. (UNT) in the S&P MidCap 400, and Unit Corp. will replace PetroQuest Energy (PQ) in the S&P SmallCap 600 after the close of trading on Wednesday, July 1. S&P 500 constituent NiSource (NI) is spinning off Columbia Pipeline Group in a transaction expected to be completed on that date. NiSource will remain in the S&P 500 following the distribution. Allegheny Technologies, Unit and PetroQuest are all ranked near or at the bottom of their current indices. S&P SmallCap 600 constituent Casey’s General Stores (CASY) will replace AOL (AOL) in the S&P MidCap 400, and Nektar Therapeutics (NKTR) will replace Casey’s General Stores in the S&P SmallCap 600 after the close of trading on Thursday, June 25. S&P 100 & 500 constituent Verizon (VZ) acquired AOL in a transaction completed today. TopBuild (BLD) will replace Aéropostale (ARO) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent Masco (MAS) is spinning off TopBuild in a transaction expected to be completed on that date. Masco will remain in the S&P 500 following the distribution. Aéropostale is ranked near the bottom of the S&P SmallCap 600. “New” Gannett Co. (GCI) will replace Quiksilver (ZQK) in the S&P SmallCap 600 after the close of trading on Friday, June 26. S&P 500 constituent Gannett Co. (GCI) is spinning off “new” Gannett Co. in a transaction expected to be completed on that date. Post spin, the parent company will change its name to TEGNA. and trade under the symbol “TGNA”. It will remain in the S&P 500 following the distribution. Quiksilver is ranked near the bottom of the S&P SmallCap 600. Cable ONE Inc. (CABO) will replace Peabody Energy (BTU) in the S&P MidCap 400 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Graham Holdings Company (GHC) is spinning off CableOne in a transaction expected to be completed on that date. Graham Holdings will remain in the S&P MidCap 400 following the distribution. Peabody Energy is ranked near the bottom of the S&P MidCap 400. The Chemours Co. (CC) will replace Semtech Corp. (SMTC) in the S&P MidCap 400, and Semtech will replace Paragon Offshore (PGN) in the S&P SmallCap 600 after the close of trading on Tuesday June 30. S&P 100 & 500 constituent E. I. du Pont de Nemours and Co. (DD) is spinning off Chemours in a transaction expected to be completed on that date. Dupont will remain in the S&P 100 & 500 following the distribution. Semtech and Paragon Offshore are ranked near or at the bottom of their current indices. “New “ Energizer Holdings (ENR) will replace Harsco (HSC) in the S&P MidCap 400, and Harsco will replace FXCM (FXCM) in the SmallCap 600 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Energizer (ENR) is spinning off “new” Energizer in a transaction expected to be completed on that date. Post spin, the parent company will change its name to Edgewell Personal Care Co. and trade under the symbol “EPC”. It will remain in the S&P MidCap 400 following the distribution. Harsco and FXCM are ranked near or at the bottom of their current indices.
17:57 EDTHSCHarsco to replace FXCM in S&P 600 as of 6/30 close
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17:56 EDTHSC"new" Energizer to replace Harsco in S&P 400 as of 6/30 close
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12:54 EDTAMDPC concerns weighing on shares of Seagate, Western Digital
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11:27 EDTNUVANuVasive management to meet with Jefferies
Meetings to be held in Europe June 25-30 hosted by Jefferies.
07:27 EDTDNKNJefferies to hold a conference
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June 22, 2015
07:17 EDTALURegulators to decide by July 27 on Nokia, Alcatel-Lucent deal, Reuters reports
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06:54 EDTDNKNDunkin' Brands and Darden are top picks heading into 2H 2015 at Credit Suisse
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06:30 EDTAMDAMD says not considering spinoff or break-up, ExtremeTech reports
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June 21, 2015
17:06 EDTCTCMCTC Media may ask Russia to extend foreign ownership deadline, Reuters says
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16:32 EDTAMDAMD considers spinoff or break-up, Reuters says
AMD (AMD) has hired a consulting firm to help it review a potential split or spinoff, Reuters reported late Friday, citing three people familiar with the matter. Reuters notes that AMD may be seeking to better compete with Intel (INTC), and sources said one option being considered is to separate AMD's server business from its graphics and licensing arm. Though the company had previously decided against such an option, sources noted that CEO Lisa Su believes the move is worth reconsidering. Reference Link
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