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Stock Market & Financial Investment News

News Breaks
June 23, 2014
10:02 EDTAMD, NGHC, JWN, NUE, OC, SM, PER, SPWR, TDC, NVDA, KR, KOG, ALSMY, ATML, BEAV, CWST, COH, HP, HERO, JOY, NGLSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AMD (AMD) downgraded at Pacific Crest... Alstom (ALSMY) downgraded to Neutral from Conviction Buy at Goldman... Atmel (ATML) downgraded to Hold from Buy at Feltl... BE Aerospace (BEAV) downgraded to Buy from Conviction Buy at Goldman... Casella Waste (CWST) downgraded to Hold from Buy at Wunderlich... Coach (COH) downgraded at Wedbush... Helmerich & Payne (HP) downgraded to Market Perform from Outperform at FBR Capital... Hercules Offshore (HERO) downgraded to Sell from Neutral at Goldman... Joy Global (JOY) downgraded at Longbow... Kodiak Oil & Gas (KOG) downgraded to Accumulate from Buy at KLR Group... Kroger (KR) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... NVIDIA (NVDA) downgraded at Pacific Crest... National General (NGHC) downgraded to Neutral from Buy at Guggenheim... Nordstrom (JWN) downgraded to Neutral from Buy at Goldman... Nucor (NUE) downgraded at Macquarie... Owens Corning (OC) downgraded at Longbow... SM Energy (SM) downgraded to Accumulate from Buy at KLR Group... SandRidge Permian Trust (PER) downgraded to Market Perform from Outperform at Raymond James... SunPower (SPWR) downgraded to Hold from Buy at Brean Capital... Targa Resources Partners (NGLS) downgraded to Neutral from Buy at Citigroup... Teradata (TDC) downgraded to Market Perform from Outperform at JMP Securities.
News For AMD;ALSMY;ATML;BEAV;CWST;COH;HP;HERO;JOY;KOG;KR;NVDA;NGHC;JWN;NUE;OC;SM;PER;SPWR;TDC;NGLS From The Last 14 Days
Check below for free stories on AMD;ALSMY;ATML;BEAV;CWST;COH;HP;HERO;JOY;KOG;KR;NVDA;NGHC;JWN;NUE;OC;SM;PER;SPWR;TDC;NGLS the last two weeks.
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July 17, 2014
13:18 EDTALSMYEarnings Preview: General Electric shares little changed since Q1 report
General Electric (GE) is expected to report second quarter earnings on Friday, July 18 before the market open with a conference call scheduled for 8:30 am ET. General Electric is a globally diversified technology and financial services company serving customers in more than 100 countries. EXPECTATIONS: Analysts are looking for earnings per share of 39c on revenue of $36.3B, according to First Call. The consensus range for EPS is 38c-40c on revenue of $35.99B-$36.72B. LAST QUARTER: General Electric reported first quarter adjusted EPS of 33c against estimates for 32c on revenue of $34.18B against estimates for $34.36B. CEO Jeff Immelt said, Were off to a good start to the year, and our 2014 framework remains unchanged. The environment is consistent with our expectations, with a positive bias. During GEs Q1 earnings call, management said the U.S. market gets "a little better every day," and Europe is improving. They said there was some improvement in demand for credit in Q1. They noted the company was on track to reduce share count in 2014, and on track to achieve its margin goal in 2016. The company expected to make gains from divestitures in its industrial portfolio. In June, GE finalized a deal to purchase the Power and Grid businesses of Alstom (ALSMY), after fending off rivals Siemens (SIEGY) and Mitsubishi Heavy Industries. STREET RESEARCH: Street research has been light in the weeks leading up to GE's Q2 earnings report. On May 12, Barclays upgraded the U.S. Multi-Industry sector to Positive from Neutral. The firm's data indicated that Fed policy had extended the cycle, driving up capital spending and corporate confidence. PRICE ACTION: GE shares traded marginally higher following its Q1 report, but currently sit at approximately the same level as they did three months ago. Over the past twelve months, the stock has gained about 13%. In early afternoon trading ahead of tomorrow's Q2 report, GE shares are down almost 1% to $26.76.
13:14 EDTCOHMichael Kors rises after analyst sees less discounting than peers
Shares of accessories designer Michael Kors (KORS) are slightly higher in a down market after Credit Suisse said that the company's brands are less likely to be on sale than those of its competitors. WHAT'S NEW: In a note to investors, Credit Suisse analyst Christian Buss wrote that Michael Kors' products are "one of the least discounted brands available during the seasonal clearance period ahead of early fall shipments." At mid-tier department stores, 25% of Michael Kors' products are on sale with an average markdown of 27%, Buss reported. On average, 35% of the products of the company's peers are on sale, at an average discount of 27%, the analyst stated. Additionally, Michael Kors' channel strategy provides it with multiple advantages, including brand integrity and limits on markdowns, Buss believes. Buss wrote that he was "compelled" by the recent drop in the stock, and reiterated a $107 price target and Outperform rating on the shares. WHAT'S NOTABLE: Also upbeat on Michael Kors today was research firm Canaccord. Markdowns of the company's products are not any larger than last year, and concerns about large discounts on its products have created a buying opportunity, the firm contended. Canaccord continues to believe that the accessories maker has strong long-term growth opportunities, and it kept a $123 price target and Buy rating on the shares. PRICE ACTION: In mid-afternoon trading, Michael Kors gained 2% to $83. Two of the company's competitors, Coach (COH) and Kate Spade (KATE), rose fractionally.
10:00 EDTSMOn The Fly: Analyst Upgrade Summary
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06:51 EDTSMSM Energy upgraded to Buy from Neutral at Guggenheim
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05:50 EDTJOYStocks with implied volatility movement; TWX JOY
Stocks with implied volatility movement; Time Warner (TWX) 34, Joy Global (JOY) 30 according to iVolatility.
July 16, 2014
11:29 EDTAMDIntel hits 52-week high after results beat estimates
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10:40 EDTJOYJoy Global spikes higher, levels to watch
The shares have spiked off the low of the day at $60.40, the opening price, and were last up over 6% to $63.89. At the price next resistance is at $65.36, the session high so far. Support is at $63.11.
10:35 EDTKOGOptions with decreasing implied volatility
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10:30 EDTJOYJoy Global calls active on renewed takeover speculation
Joy Global July 61.5 and 62.5 calls are active on total call volume of 9,400 contracts (900 puts). July call option implied volatility is at 38, August is at 35, September is at 26, January is at 26; compared to its 26-week average of 26 according to Track Data. Active call volume suggests larger price movement following renewed speculation chatter.
10:09 EDTJOYRumor: Joy Global strength attributed to takeover speculation
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07:44 EDTNUESenate Appropriations Committee to hold a hearing
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July 15, 2014
18:29 EDTAMDOn The Fly: After Hours Movers
UP AFTER EARNINGS: Intel (INTC), up 4.1% after reporting second quarter results... AMD (AMD), up 1.6% after Intel reported quarterly results... Cintas (CTAS), up 1.6% after reporting fourth quarter results and fiscal 2015 guidance. ALSO HIGHER: IBM (IBM), up 1.8% after announcing an enterprise mobile partnership with Apple (AAPL), which is up 1.5%. DOWN AFTER EARNINGS: Yahoo! (YHOO), down 2.3% after reversing direction during the company's second quarter earnings conference call. ALSO LOWER: BlackBerry (BBRY), down 3.4% following IBM and Apple partnership announcement.
17:29 EDTNGLSTarga Resources Partners increases quarterly dividend by 2% to 78c
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12:31 EDTCOHMichael Kors sinks after analysts issue bearish notes
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10:00 EDTKOG, KROn The Fly: Analyst Upgrade Summary
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10:00 EDTKOGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Adecogro (AGRO) downgraded to Underperform from Neutral at BofA/Merrill... Campbell Soup (CPB) downgraded to Sell from Neutral at Goldman... Credicorp (BAP) downgraded to Neutral from Overweight at JPMorgan... El Paso Pipeline (EPB) downgraded to Neutral from Buy at Citigroup... Kellogg (K) downgraded to Sell from Neutral at Goldman... Kodiak Oil & Gas (KOG) downgraded to Market Perform from Outperform at BMO Capital... Lexmark (LXK) downgraded at Bernstein... Maxim Integrated (MXIM) downgraded to Equal Weight from Overweight at Barclays... Republic Airways (RJET) downgraded to Underperform from Neutral at BofA/Merrill... Sasol (SSL) downgraded to Neutral from Buy at Citigroup... Time Warner (TWX) downgraded to Equal Weight from Overweight at Evercore.
07:04 EDTSPWRWTO says U.S. tariffs on Chinese solar cells against rules, Xinhua reports
The World Trade Organization yesterday ruled that U.S. tariffs on Chinese solar cells violated the rules of the organization, according to Xinhua. China requested that the WTO probe the subsidies in 2012, the news service noted. The WTO also said that U.S. tariffs on Chinese steel products and paper violated the organization's rules, the news service added. Publicly traded solar energy companies include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).Reference Link
06:48 EDTKRKroger upgraded to Outperform from Market Perform at BMO Capital
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06:22 EDTKOGKodiak Oil & Gas upgraded to Buy from Hold at Wunderlich
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06:22 EDTKRKroger upgraded to Outperform from Market Perform at BMO Capital
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