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News Breaks
June 10, 2014
10:00 EDTWB, CCE, AFH, COT, CAVM, AMCC, COP, BRCM, AMDOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AMD (AMD) coverage resumed with a Buy at Canaccord... Applied Micro Circuits (AMCC) initiated with a Buy at Canaccord... Atlas Financial (AFH) initiated with a Neutral at Janney Capital... Broadcom (BRCM) coverage resumed with a Buy at Canaccord... Cavium (CAVM) initiated with a Buy at Canaccord... CenterState Banks (CSFL) initiated with a Buy at Sterne Agee... Cheniere Energy (LNG) initiated with a Market Perform at Raymond James... Chevron (CVX) initiated with a Buy at Deutsche Bank... Coca-Cola Enterprises (CCE) initiated with a Hold at Jefferies... Coca-Cola (KO) initiated with a Hold at Jefferies... ConocoPhillips (COP) initiated with a Buy at Deutsche Bank... Cott Corp. (COT) initiated with a Hold at Jefferies... Domino's Pizza (DPZ) initiated with a Buy at Jefferies... Dr Pepper Snapple (DPS) initiated with a Hold at Jefferies... Envision Healthcare (EVHC) reinstated with a Neutral at Credit Suisse... Exxon Mobil (XOM) initiated with a Hold at Deutsche Bank... Hess Corp. (HES) initiated with a Buy at Deutsche Bank... Intel (INTC) coverage resumed with a Hold at Canaccord... Jumei (JMEI) initiated with a Buy at Goldman... Marathon Oil (MRO) initiated with a Buy at Deutsche Bank... Michael Kors (KORS) initiated with an Outperform at Credit Suisse... Monster Beverage (MNST) initiated with a Buy at Jefferies... Murphy Oil (MUR) initiated with a Hold at Deutsche Bank... NVIDIA (NVDA) coverage resumed with a Hold at Canaccord... Nimble Storage (NMBL) initiated with an Equalweight at Barclays... Occidental Petroleum (OXY) initiated with a Hold at Deutsche Bank... PepsiCo (PEP) initiated with a Buy at Jefferies... ShoreTel (SHOR) initiated with a Neutral at SunTrust... Technicolor (TCLRY) initiated with an Overweight at JPMorgan... TrueCar (TRUE) initiated with a Neutral at Goldman... VeriFone (PAY) initiated with an Equal Weight at Morgan Stanley... Weibo (WB) initiated with an Outperform at Credit Suisse
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August 26, 2015
09:57 EDTCOPConocoPhillips considering offshore gas project to feed Darwin LNG, AFR reports
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08:19 EDTAMCCApplied Micro Circuits management to meet with Canaccord
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07:52 EDTAMDUBS to hold a tour
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07:51 EDTAFHThree Part Advisors to hold a conference
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August 25, 2015
12:52 EDTWBWeibo management to meet with Summit Research
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August 24, 2015
06:22 EDTAMD, BRCMTSMC pursuing 16nm chip orders, DigiTimes reports
According to market sources, DigiTimes reports that TSMC (TSM) has been "actively" seeking 16nm FinFET chip orders. In addition to securing a portion of Apple's (AAPL) A9 chip orders, TSMC has also received orders from AMD (AMD), Broadcom (BRCM), LG, Nvidia (NVDA) and Avago (AVGO), the sources say, noting that TSMC failed to maintain orders for Qualcomm's (QCOM) flagship mobile chips, as it has placed orders for the Snapdragon 820 series with Samsung (SSNLF). Reference Link
August 23, 2015
17:49 EDTCOPIran to increase oil production as BP, Shell express interest, Bloomberg says
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August 21, 2015
10:02 EDTAMCCHigh option volume stocks
High option volume stocks: XEO VAR AMCC XPO ROST INTU TFM BTE DXD
August 20, 2015
10:00 EDTBRCMOn The Fly: Analyst Downgrade Summary
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10:00 EDTAMDAMD management to meet with Canaccord
Meeting to be held in Toronto on August 26 hosted by Canaccord.
08:39 EDTBRCMBroadcom downgraded to Hold from Buy at Argus
Argus downgraded Broadcom (BRCM) to Hold following the announcement that the waiting perorid under the Hart-Scott-Rodino Antitrust Act had expired. The firm now expects the acquisition by Avago (AVGO) to go through.
07:20 EDTWBCitigroup to hold a conference
Hong Kong / China Corporate Day is being held in Hong Kong on August 20.
06:10 EDTCOPAuction for drilling leases attracts little interest, NY Times reports
A federal auction for drilling leases in the Gulf of Mexico Wednesday attracted only $22.7M in sales from five companies, the lowest since 1986, reports the New York Times. Most companies have insisted they would not sacrifice production in future years, but executives have recently expressed concern that the oil price collapse could last through 2016 and possibly even 2017. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
August 19, 2015
16:58 EDTCOPOn The Fly: Top stock stories for Wednesday
The market opened deep in negative territory after a tumultuous trading session in China and a softer than expected U.S. consumer prices report. Sellers continued to push the averages lower throughout the morning, with the Dow tacking on losses of more than 200 points as investors waited for the release of the Fed minutes. The market rallied following an early leak of the minutes, which suggested officials are getting closer to raising rates but appear to be waiting for additional data. Despite the afternoon rally, the averages sold off once again heading into the close, leaving all three indices in the negatives for Wednesday. ECONOMIC EVENTS: In the U.S., the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%. There were no revisions to the 0.3% headline gain in June or the 0.2% growth in the ex-food and energy component. Component gains were muted across the board, with Energy prices up just 0.1% in July. Meanwhile, FOMC minutes showed no definitive indication of a September rate hike. Most committee members "judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point." Other members, however, believed that the inflation outlook "might not soon meet one of the conditions... for initiating a firming of policy." COMPANY NEWS: Shares of Dot Hill Systems (HILL) soared $4.50, or 86.87%, to $9.68 after Seagate Technology (STX) agreed to acquire the company for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016. Shares of the hard drive giant fell 5.03% to $49.43 for the session... Lowe's (LOW) shares saw gains of $1.34, or 1.84%, to $74.36 following the company's earnings report this morning, while Target (TGT) rose $59c, or 0.73%, to $80.89 after beating on both top and bottom lines. On a subsequent conference call, Target executives forecast a "choppy" competitive environment in Q3, though they added that the company "will not get beat" on promotions in Q4. Separately, American Eagle (AEO) lost 7.42% to $16.92 after its quarterly numbers. MAJOR MOVERS: Among the notable gainers were Palatin (PTN) and Apricus (APRI), showing respective advances of 3.19% and 7.89% after the FDA approved Sprout's female sexual dysfunction drug Addyi, with the agency remarking that it "continues to encourage drug development in this area." Note that both Palatin and Apricus are developing their own treatments in the space, and Apricus reaffirmed this morning its intent to seek a global partner as it advances its Femprox sexual dysfunction medication. Also higher was Yum! Brands (YUM), which gained $1.90, or 2.26%, to $86.10 after appointing a new CEO of its China division, adding that its same-store sales in the region "have turned significantly positive." Among the noteworthy losers was Rayonier Advanced Materials (RYAM), plunging $6.01, or 44.09%, to $7.62 after disclosing a legal battle with its customer Eastman Chemical (EMN) over "meet or release" contract stipulations which may impact Eastman's purchase obligations. Also lower was Caesarstone (CSTE), which lost $3.43, or 7.14%, to $44.61 after short-selling hedge fund Spruce Point said the stock has up to 75% downside due to heightened raw material costs and competitive concerns, among other factors. Separately, EOG Resources (EOG), Baytex Energy (BTE), and Vanguard Natural (VNR) saw respective losses of 4.15%, 15.53%, and 13.83% after WTI crude fell 5.02% for the session. INDEXES: The Dow declined 162.61, or 0.93%, to 17,348.73, the Nasdaq fell 40.30, or 0.80%, to 5,019.05, and the S&P 500 lost 17.31, or 0.83%, to 2,079.61.
13:23 EDTCOPOptions with increasing call volume
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August 18, 2015
16:33 EDTWBWeibo sees Q3 revenue $120M-$123M, consensus $121.89M
16:32 EDTWBWeibo reports Q2 EPS 2c, consensus 3c
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13:41 EDTWBWeibo technical comments before earnings news
The tone of the chart is bearish, despite the recent bounce in price. If there is a bearish disappointment, the level to watch is the lifetime low at $12.11. If that price is taken out on the downside, there is not established support, with a drift to the $11 area likely, or lower. If the news is instead a bullish surprise, the first significant area of resistance would be at $14.16, the 30-day moving average. A breakout above the 30-day would be bullish, with the following resistance levels becoming potential upside objectives: $15.16, $15.45, and $16.19. With over 16% of the float short, a positive surprise could see significant buy-to-cover demand within a very small trading float.
08:12 EDTCOPGlobal Big Oil sector upgraded at Citi
Citi analysts Alastair Syme and Michael Alsford upgraded their rating on the Global Big Oil space and now recommend investors position "at least a benchmark-weight" in the group. The analysts, who had been multi-year cautious on the space, prefer Total (TOT), ConocoPhillips (COP) and Statoil (STO), which they call "self-helpers." The sector price-to-book ratio of 1.2 times is now below the Q1 of 2009 and Q4 of 1998 troughs, Syme and Alsford write. Cost-cutting and better capital allocation are key to restoring the industry's profitability, they believe.
August 17, 2015
10:55 EDTBRCMOptions with increasing implied volatility
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