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Stock Market & Financial Investment News

News Breaks
May 12, 2014
10:02 EDTSSYS, STO, SBMRY, RL, QCOR, OMC, NTAP, LFL, KIM, GXP, FLEX, DE, CBEY, CG, BCS, APO, AMRN, AMCXOn 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
Check below for free stories on AMCX;AMRN;APO;BCS;CG;CBEY;DE;FLEX;GXP;KIM;LFL;NTAP;OMC;QCOR;RL;SBMRY;STO;SSYS the last two weeks.
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August 12, 2014
15:07 EDTDEDeere technical commentary ahead of results
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14:21 EDTDEWASDE bearish for farm equipment manufacturers, says Wells Fargo
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13:47 EDTDEDeere August 86 straddle priced for 3.2% move into Q3
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09:15 EDTAPOApollo Global 1.375M share Block Trade priced at $24.40
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07:13 EDTNTAPNetApp shares remain inexpensive, says Cantor
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06:50 EDTDEDeere volatility elevated into Q3 and outlook
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August 11, 2014
07:22 EDTBCSHSBC will not follow Barclays in rolling private bank into retail biz, FT says
HSBC (HSBC) CEO Stuart Gulliver has pledged to retain his group’s private bank as a standalone division and will not go the way of rival Barclays’ (BCS), which combined its private banking operation into its retail division in May, said Financial Times. Reference Link
06:13 EDTDEDeere estimates reduced on demand deterioration at Longbow
Longbow lowered Deere estimates following survey results that indicate significant weakness in ag market demand due to declines in crop prices and high inventory levels. The firm lowered estimates to reflect the deteriorating outlook and reiterates its Underperform rating.
August 8, 2014
17:10 EDTSSYSMarket finishes week up slightly as earnings offset by political events
Stocks finished the week fractionally higher than where they started as strong corporate earnings reports and better than expected economic data was weighed against concerns about geopolitical issues and negative M&A news. MACRO NEWS: A few ongoing geopolitical conflicts worried investors and weighed on shares. Russia unveiled sanctions against Western countries, banning the import of a wide range of food items from the U.S, the EU and a few allied countries in response to sanctions recently enacted against it from G7 nations... President Obama authorized the bombing of rebels in Iraq and Hamas and Israel failed to reach a permanent truce... An ISM services index, the U.S. trade deficit for June, and weekly jobless claims were all better than expected. Meanwhile, the increase in unit labor costs last quarter came in below the consensus outlook, perhaps easing fears that the Fed will need to raise interest rates sooner than expected. COMPANY NEWS: On the M&A front, two huge potential deals fell through as 21st Century Fox (FOX, FOXA) withdrew its offer to acquire Time Warner (TWX) and Sprint (S) reportedly decided to end its pursuit of a merger with peer T-Mobile (TMUS)... President Obama indicated that his administration would take unilateral steps in an effort to prevent companies from carrying out tax inversion acquisitions. Among the deals or possible transactions that involve inversion are Medtronic's (MDT) acquisition of Covidien (COV), Valeant's (VRX) proposed takeover of Allergan (AGN) and Mylan's (MYL) acquisition of Abbott's (ABT) developed markets branded generics pharmaceuticals business. Meanwhile, Walgreen's (WAG) stock tumbled after the U.S. company said it would not structure its takeover of European drugstore chain Alliance Boots as a tax inversion deal... 21st Century Fox, 3D printer maker Stratasys (SSYS), chip maker NVIDIA (NVDA), brewer Molson Coors (TAP), and luxury accessories maker Coach (COH) all rose following their earnings reports. Conversely, Target (TGT), luxury accessories maker Michael Kors (KORS) and Internet coupon provider Groupon (GRPN) fell following their results or guidance... Gannett (GCI) struck a deal to acquire the remaining 73% interest in Classified Ventures, whose primary asset is the online car shopping website Cars.com, for $1.8B from the other partners in the venture, which include McClatchy (MNI), Tribune Media (TRBAA), Graham Holdings (GHC) and A. H. Belo (AHC). Gannett also announced plans to spin-off its Publishing business, which includes USA Today, through a tax-free distribution to shareholders... McDonald's (MCD) stock was little changed after the company reported that its comparable store sales fell 2.5% in July, which was significantly worse than expected. Food quality issues weighed on the fast food company's sales in Asia and as a result of the China supplier issue, the company warned its previously issued global comparable sales forecast for 2014 is now at risk. INDEXES: The Dow finished the week up 0.35% to 16,553.93, the S&P 500 rose 0.32% to 1,931.59, and the Nasdaq gained 0.41% to 4,370.90.
16:40 EDTLFLLATAM Airlines reports preliminary July traffic down 1.4%
LATAM Airlines Group S.A. reported its preliminary monthly traffic statistics for July compared to July 2013. System passenger traffic decreased by 1.4% while capacity decreased by 3.2%. As a result, the company's load factor for the month increased 1.6 points to 84.7%. International passenger traffic accounted for approximately 51% of the month's total passenger traffic. Domestic passenger traffic in LATAM Airlines Group's Spanish speaking operations - Chile, Argentina, Peru, Ecuador and Colombia- rose 5.0%, while capacity increased by 2.1%. As a consequence, the domestic passenger load factor increased 2.2 points to 80.9%. Domestic passenger traffic in Brazil decreased by 7.8%, while capacity decreased by 7.0%. As a consequence, the domestic Brazil passenger load factor decreased 0.7 points to 83.8%. International passenger traffic increased by 1.3%, while capacity decreased by 2.2%. Accordingly, the international passenger load factor for the month increased 3.0 points to 86.6%. International traffic includes international operations of both LAN and TAM on regional and long haul routes.
15:25 EDTAPOApollo Global management to meet with Sterne Agee
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10:00 EDTSSYSOn The Fly: Analyst Downgrade Summary
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08:50 EDTSSYSStratasys downgraded to Hold from Buy at Gabelli
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08:32 EDTNTAPVMware, others could benefit from increased cloud adoption, says Pacific Crest
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07:58 EDTSSYSStratasys price target raised to $150 form $120 at Canaccord
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07:45 EDTQCORMallinckrodt price target lowered to $77 from $90 at Leerink
Leerink lowered its price target for Mallinckrodt (MNK) shares to $77 citing a heightened risk profile from the Questcor (QCOR) acquisition and significant earnings concentration in Acthar. The firm says it remains on the sidelines with a Market Perform rating on Mallinckrodt.
07:44 EDTQCORMallinckrodt remains favorite specialty pharmaceutical name, says UBS
UBS said Mallinckrodt (MNK) remains its favorite specialty pharmaceutical name following the company's update on its merger with Questcor (QCOR). The firm sees estimates increasing following the close of the transaction, the divestiture of the Medical Imaging division, and the reinvestment in higher margin assets. UBS has a Buy rating with a $94 price target on Mallinckrodt.
07:32 EDTSSYSStratasys price target raised to $135 from $120 at UBS
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07:18 EDTCGCarlyle divides PQ to reignite interest in firm, Reuters says
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05:50 EDTSSYSStratasys price target raised to $145 from $125 at Piper Jaffray
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