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Stock Market & Financial Investment News

News Breaks
May 12, 2014
10:02 EDTOMC, SSYS, RL, STO, QCOR, SBMRY, KIM, DE, BCS, AMCX, NTAP, GXP, CBEY, APO, LFL, FLEX, CG, AMRNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AMC Networks (AMCX) downgraded to Market Perform from Outperform at Bernstein... Amarin (AMRN) downgraded to Neutral from Buy at Citigroup... Apollo Global (APO) downgraded to Neutral from Buy at Goldman... Barclays (BCS) downgraded at RBC Capital... Carlyle Group (CG) downgraded to Neutral from Buy at Goldman... Cbeyond (CBEY) downgraded to Outperform from Strong Buy at Raymond James... Deere (DE) downgraded to Underperform from Neutral at Longbow... Flextronics (FLEX) downgraded to Hold from Buy at Stifel... Great Plains Energy (GXP) downgraded to Neutral from Buy at Ladenburg... Kimco Realty (KIM) downgraded to Market Perform from Outperform at Raymond James... LATAM Airlines (LFL) downgraded to Neutral from Buy at UBS... NetApp (NTAP) downgraded to Market Perform from Outperform at Raymond James... Omnicom (OMC) downgraded to Neutral from Conviction Buy at Goldman... Questcor (QCOR) downgraded to Neutral from Overweight at Piper Jaffray... Ralph Lauren (RL) downgraded to Neutral from Outperform at Credit Suisse... SABMiller (SBMRY) downgraded to Neutral from Outperform at Macquarie... Statoil (STO) downgraded to Neutral from Buy at BofA/Merrill... Stratasys (SSYS) downgraded to Hold from Buy at Craig-Hallum.
News For AMCX;AMRN;APO;BCS;CG;CBEY;DE;FLEX;GXP;KIM;LFL;NTAP;OMC;QCOR;RL;SBMRY;STO;SSYS From The Last 14 Days
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March 16, 2015
09:36 EDTSTOEOG Resources could be a target for Statoil, Houston Business Journal says
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09:17 EDTLFLLATAM Airlines downgraded to Underperform at Raymond James
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08:39 EDTRLPVH Corp. price target lowered to $130 from $144 at Piper Jaffray
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07:16 EDTSBMRYConsumer Analyst Group of Europe to hold a conference
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07:09 EDTLFLLATAM Airlines downgraded to Underperform from Market Perform at Raymond James
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March 13, 2015
16:28 EDTSTOWhiting attracts interest from Exxon Mobil, Hess, Continental, Bloomberg says
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15:40 EDTBCSDOJ sets $1B staring point in forex settlement talks with banks, Bloomberg says
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15:22 EDTBCSDOJ starts forex manipulation settlement talks at $1B per bank, Bloomberg says
Barclays (BCS), Citi (C), JPMorgan (JPM), RBS (RBS) and UBS (UBS) are said to be probed by U.S. over currency manipulation, Bloomberg says.
10:00 EDTFLEXOn The Fly: Analyst Upgrade Summary
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07:18 EDTBCSBarclays new chairman expected to change investment bank unit, WSJ says
John McFarlane, a former restructuring professional, will become chairman of Barclays next month and may accelerate the bank's move away from investment banking, reports the Wall Street Journal, citing analysts including Chirantan Barua of Bernstein Research. However, it is not clear whether McFarlane will attempt to turn the investment bank unit profitable, or simply cut it down, notes Barua. The Journal notes that McFarlane has told friends that his goal will be to boost shareholder returns rather than changing the bank's culture. Reference Link
05:38 EDTFLEXFlextronics upgraded to Neutral from Sell at Goldman
Goldman Sachs upgraded Flextronics to Neutral on its belief the company's communications infrastructure revenue trends are bottoming. Goldman raised its price target for shares to $12 from $11.
March 12, 2015
16:37 EDTGXPGreat Plains Energy files automatic mixed securities shelf
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12:29 EDTAMRNOn The Fly: Midday Wrap
Stocks on Wall Street were sharply higher at midday. A slight bounce in the euro overnight lifted overseas markets and U.S. stocks followed. Stock futures were higher during early pre-market trading, then strengthened further following the report of lower than expected retail sales figures for last month, which gave investors hope the Fed will wait longer to raise interest rates. ECONOMIC EVENTS: In the U.S., headline retail sales fell 0.6% in February compared to the prior month, missing expectations for an increase of 0.3%. Retail sales excluding autos and gas declined 0.2%, versus the consensus estimate for a month-over-month increase of 0.3%. Initial jobless claims fell to 289K in the week ended March 7, versus the consensus forecast for 305K first-time claims. Business inventories were flat in January, versus the consensus forecast for them to grow 0.1%. In Asia, the Bank of Korea cut rates for the third time since last August, lowering its base rate to the historical low level of 1.75%. The decision came as a surprise, more in terms of the timing than the cut itself. Data from China showed the nationís M2 money supply growth picked up in February and its banksí new loan creation came in higher than expected as well. COMPANY NEWS: Shares of Intel (INTC) fell 4% after the chip-making giant lowered its Q1 revenue outlook to $12.8B, plus or minus $300M, compared to the previous expectation of $13.7B, plus or minus $500M, citing weaker than expected demand for business desktop PCs and lower than expected inventory levels across the PC supply chain. Some other stocks levered to PCs also slid, with Microsoft (MSFT) declining 2% and Advanced Micro Devices (AMD) sliding 3.5%. Hewlett-Packard (HPQ) shares were up fractionally, despite Intel's news and the fact that Barclays downgraded HP's stock this morning to Equal Weight, saying the weak euro could impact demand for PCs and printers... Citi (C), American Express (AXP) and Regions Financial (RF) were identified by analysts as being among the winners following the Fed's recently completed Comprehensive Capital Analysis and Review, or CCAR. Analysts were more cautious on Bank of America (BAC), after the Fed identified deficiencies in the bank's capital planning process and ordered it to resubmit its plan, but allowed it to proceed with its capital plan in the meantime. MAJOR MOVERS: Among the notable gainers was Amarin (AMRN), which jumped 27% after H.C. Wainwright upgraded the stock to Buy and raised its price target for shares to $10 from $2.50, citing management's commitment to completing the Vascepa outcomes' study REDUCE-IT. Also higher was Lumber Liquidators (LL), which rose 12.5% after the company held a call to update on the impact that 60 Minutes' recent critical report has had on its business. As part of the call, the flooring retailer reported on its recent sales trends, gave Q1 guidance and said it believes its cash flow from operations and existing liquidity sources will be sufficient to fund operations and anticipated capital expenditures for the "foreseeable future." Among the noteworthy losers was ACADIA (ACAD), which dropped 25% after announcing that it will delay submitting its NUPLAZID NDA for the treatment of Parkinsonís disease psychosis by two or three quarters and reporting that its CEO has retired. Also lower following their first earnings reports since coming public was Box, Inc. (BOX), which dropped 15%. INDEXES: Near midday, the Dow was up 183.31, or 1.04%, to 17,818.70, the Nasdaq was up 26.68, or 0.55%, to 4,876.62, and the S&P 500 was up 18.56, or 0.91%, to 2,058.80.
10:06 EDTAMRNHigh option volume stocks
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10:01 EDTSBMRYOn The Fly: Analyst Initiation Summary
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10:01 EDTAMRNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ally Financial (ALLY) upgraded at Evercore ISI... Amarin (AMRN) upgraded to Buy from Neutral at H.C. Wainwright... American Vanguard (AVD) upgraded to Buy from Hold at Topeka... Banc of California (BANC) upgraded to Outperform from Market Perform at Raymond James... CNOOC (CEO) upgraded to Buy from Underperform at BofA/Merrill... Five Below (FIVE) upgraded to Buy from Neutral at Dougherty... Fuel Systems (FSYS) upgraded to Buy from Hold at Lake Street... GNC Holdings (GNC) upgraded at Morgan Stanley... Horizon Technology (HRZN) upgraded to Buy from Hold at Wunderlich... Magnum Hunter (MHR) upgraded to Buy from Neutral at SunTrust... NCI Building (NCS) upgraded to Buy from Neutral at Citigroup... Shore Bancshares (SHBI) upgraded to Outperform from Neutral at Boenning & Scattergood... United Therapeutics (UTHR) upgraded at Argus... Verisk Analytics (VRSK) upgraded to Buy from Hold at Evercore ISI... Windstream (WIN) upgraded to Buy from Neutral at Citigroup... York Water (YORW) upgraded to Neutral from Underperform at Hilliard Lyons.
09:21 EDTAMRNOn The Fly: Pre-market Movers
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09:02 EDTSBMRYSABMiller initiated with an Outperform at Exane BNP Paribas
07:09 EDTLFLCitigroup to hold a conference
23rd Annual Latin America Conference in New York on March 12-13.
07:08 EDTAMRNAmarin upgraded to Buy from Neutral at H.C. Wainwright
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