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Stock Market & Financial Investment News

News Breaks
January 23, 2014
10:01 EDTAWR, TSS, VAR, PNFP, AEM, MSCC, COL, MSI, DDS, WDC, RMBS, PSX, ORCL, NSC, MSFT, LNCO, ATI, CNQR, EXLS, FFIV, GD, AMAGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMAG Pharmaceuticals (AMAG) upgraded to Hold from Underperform at Jefferies... Allegheny Technologies (ATI) upgraded to Outperform from Neutral at Credit Suisse... Concur (CNQR) upgraded to Buy from Hold at Deutsche Bank... ExlService (EXLS) upgraded to Buy from Neutral at Goldman... F5 Networks (FFIV) upgraded to Buy from Neutral at Janney Capital... General Dynamics (GD) upgraded to Outperform from Perform at Oppenheimer... LinnCo (LNCO) upgraded to Outperform from Neutral at RW Baird... Microsoft (MSFT) upgraded to Buy from Hold at Deutsche Bank... Norfolk Southern (NSC) upgraded to Buy from Neutral at BofA/Merrill... Oracle (ORCL) upgraded to Buy from Hold at Deutsche Bank... Phillips 66 (PSX) upgraded to Outperform from Market Perform at Raymond James... Rambus (RMBS) upgraded to Buy from Neutral at Citigroup... Total System (TSS) upgraded to Neutral from Sell at Goldman... Varian Medical (VAR) upgraded to Buy from Hold at Cantor... Pinnacle Financial (PNFP) upgraded to Outperform from Sector Perform at Portales... Agnico-Eagle (AEM) upgraded to Buy from Neutral at Sterne Agee... Microsemi (MSCC) upgraded to Buy from Hold at Drexel Hamilton... Rockwell Collins (COL) upgraded to Buy from Hold at Deutsche Bank... Motorola Solutions (MSI) upgraded to Buy from Neutral at Nomura... Norfolk Southern (NSC) upgraded at BofA/Merrill... Dillard's (DDS) upgraded to Buy from Neutral at Buckingham... Western Digital (WDC) upgraded to Buy from Hold at Craig-Hallum... American States Water (AWR) upgraded to Buy from Neutral at Janney Capital.
News For AMAG;ATI;CNQR;EXLS;FFIV;GD;LNCO;MSFT;NSC;ORCL;PSX;RMBS;TSS;VAR;PNFP;AEM;MSCC;COL;MSI;DDS;WDC;AWR From The Last 14 Days
Check below for free stories on AMAG;ATI;CNQR;EXLS;FFIV;GD;LNCO;MSFT;NSC;ORCL;PSX;RMBS;TSS;VAR;PNFP;AEM;MSCC;COL;MSI;DDS;WDC;AWR the last two weeks.
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August 19, 2014
11:25 EDTMSFTHTC unveils the HTC One for Windows
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11:05 EDTFFIVImperva seen as takeover candidate under new CEO
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08:42 EDTFFIVImperva new CEO has history of selling companies, says Sterne Agee
After Imperva (IMPV) appointed Anthony Bettencourt as its new CEO, Sterne Agee says that he has a history of selling companies. The firm believes that Imperva "would likely be an acquisition candidate" for a number of large tech companies such as Cisco (CSC), Juniper (JNPR), HP (HPQ), IBM (IBM), Check Point (CHKP), or F5 (FFIV). Sterne Agee believes that Imperva could be acquired for as much as $45 per share, and it keeps a Buy rating on the stock.
August 18, 2014
13:12 EDTMSFTMicrosoft getting ready to launch Chromebook challengers, 9to5Google says
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10:29 EDTMSCCGoldman cuts sector view on semiconductors to Cautious
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08:31 EDTVARVarian Medical board authorizes repurchase of 6M shares through 2015
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08:04 EDTMSCCSemiconductors sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.
August 17, 2014
20:39 EDTRMBSPatent overhaul efforts seem to have stalled before November election, WSJ says
Legal experts say that it is unlikely that a full Congress will revisit the issue of patent reform before the election in November, says the Wall Street Journal. Large technology companies like Google (GOOG) and Microsoft (MSFT) are pushing Congress to reform patent laws to curb litigation from patent-holding firms, added the Wall Street Journal. Publicly traded companies in the space include Acacia Research (ACTG), Tessera (TSRA), Rambus (RMBS) InterDigital (IDCC) and Vringo (VRNG). Reference Link
August 15, 2014
16:38 EDTDDSOn The Fly: Closing Wrap
Stocks on Wall Street began the session in positive territory despite some soft economic data points, including a weaker than expected report on manufacturing in the New York area and a lower than expected consumer confidence reading. The market short circuited following reports of a skirmish in the Ukraine where a Russian convoy was supposedly fired upon when it crossed the border. The averages quickly dropped and were only able to partially recover, as investors moved to the sidelines to avoid additional geopolitical risk over the weekend. ECONOMIC EVENTS: The NY Fed's Empire manufacturing survey had a reading of 14.69, versus expectations for a 20.0 reading. The Producer Price Index increased 0.1% overall, matching expectations. The core reading was up 0.2%, which was also in-line with the consensus forecast. Industrial production increased 0.4% in July, beating the consensus 0.2% growth forecast. That nudged up capacity utilization to 79.2%, versus 79.1% previously. The first University of Michigan consumer confidence reading for August fell 2.6 points to 79.2, versus expectations for it to have edged up to 82.0. Treasury international capital data showed foreigners dumped $153.5B in total U.S. assets in July after buying a revised $33.1B in June. COMPANY NEWS: Shares of Monster Beverage (MNST) surged $21.84, or 30.48%, to $93.49 after Coca-Cola (KO) bought a stake in the energy drink maker and the companies announced a long-term strategic partnership and asset swap. Coca-Cola will pay $2.15B for a 16.7% stake in Monster, the companies announced last night. Under the terms of their agreement, Coca-Cola will add two directors to Monster's board. Coke will transfer ownership of its worldwide energy business including brands like NOS, Full Throttle, Burn, Mother, Play and Power Play, and Relentless to Monster, in trade for which Monster will transfer its non-energy business to Coke. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 81c, or 9.6%, to $9.25 after the company announced interim results from an ongoing Phase 2 proxy study of a potential chronic hepatitis C virus regimen that analysts at Piper Jaffray called "impressive." Also higher was Paylocity (PCTY), which advanced $2.17, or 9.79%, to $24.34 after reporting better than expected fourth quarter revenue and guiding to higher than expected sales in its first quarter. Among the noteworthy losers was retailer J.C. Penney (JCP), which fell 24c, or 2.46%, to $9.50 despite posting a narrower than expected loss for the second quarter. Also lower were shares of another department store owner, Dillard's (DDS), which dropped $9.49, or 8.21%, to $106.11 after reporting quarterly results that missed expectations. INDEXES: The Dow dropped 50.67, or 0.3%, to 16,662.91, the Nasdaq gained 11.92, or 0.27%, to 4,464.93, and the S&P 500 slipped 0.12, or 0.01%, to 1,955.06.
09:39 EDTMSFTNPD: Sony's PS4 beats out Xbox One in July, BGR reports
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09:10 EDTDDSOn The Fly: Pre-market Movers
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08:11 EDTORCLOracle checks showing signs of improvement, says FBR Capital
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08:01 EDTDDSDillard's reports Q2 EPS 80c, consensus 86c
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August 14, 2014
18:28 EDTORCLCourt finds Rimini Street infringed Oracle copyrights, stole IP
On August 14, the U.S. District Court in Las Vegas entered an order granting Oracle's motion for partial summary judgment in its case against Rimini Street, and its CEO, Seth Ravin. Oracle moved for summary judgment on Rimini's counterclaims for defamation and unfair competition. In those counterclaims, Rimini challenged Oracle's public statements that Rimini had engaged in massive theft of Oracle's intellectual property. The Court dismissed those counterclaims finding that Oracle's statements "that Rimini had engaged in 'massive theft' of Oracle's intellectual property are true." The Court explained that "It is undisputed that Rimini engaged in theft of Oracle's intellectual property." The Court also found that Rimini Street infringed Oracle's copyrights. In February, the Court found that Rimini Street infringed Oracle's PeopleSoft copyrights and that Oracle had proved prima facie copyright infringement as to its JD Edwards and Siebel copyrights. The Court ruled that Rimini Street also infringed Oracle Database copyrights. The Court found that Rimini Street had downloaded 25 copies of Oracle's Database software and possessed over 200 copies of this software even though Rimini's downloading, possession, and use of this software all was unlicensed. The Court ordered the parties to submit a pre-trial order within sixty days.
18:04 EDTMSFTInterDigital loses patent case against Nokia, ZTE, Bloomberg reports
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16:54 EDTPSXBerkshire Hathaway gives quarterly update on stakes
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10:05 EDTAMAGOn The Fly: Analyst Initiation Summary
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10:01 EDTGDGD C4 Systems SATCOM Technologies receives contract from Lockheed
General Dynamics (GD) C4 Systems SATCOM Technologies received a contract from Lockheed Martin (LMT) to design and build the ground structures and integrate the mechanical systems for the U.S. Air Force Space Fence program. The new advanced ground-based radar system will enhance the way the U.S. detects and tracks more than 100K orbiting objects in space and increase the ability to prevent space-based collisions. The improved situational awareness will help protect space-based assets like the International Space Station from potential collisions that could severely damage, disable or destroy it. Construction of the Space Fence ground system will begin mid-2015 on the Kwajalein Atoll in the Republic of the Marshall Islands. The U.S. Air Force contract value awarded to Lockheed Martin is greater than $910M.
07:15 EDTCOLRockwell Collins management to meet with Sterne Agee
Meetings to be held in Kansas City on August 18 and in Denver on August 19 hosted by Sterne Agee.
05:35 EDTAMAGAMAG Pharmaceuticals initiated with a Market Perform at FBR Capital
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