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Stock Market & Financial Investment News

News Breaks
March 31, 2014
10:02 EDTAMG, MCC, MW, SINA, TRV, VIPS, KEG, PNRA, CVA, BBRY, KNX, VOYA, SAN, BIG, BLDR, CHRW, DTE, DEG, ECHO, EIX, HTLD, XONEOn The Fly: Analyst Upgrade Summary
Affiliated Managers (AMG) upgraded to Buy from Neutral at Citigroup... Banco Santander (SAN) upgraded to Hold from Sell at Deutsche Bank... Big Lots (BIG) upgraded to Buy from Hold at KeyBanc... Builders FirstSource (BLDR) upgraded to Buy from Hold at Deutsche Bank... C.H. Robinson (CHRW) upgraded to Market Perform from Underperform at FBR Capital... DTE Energy (DTE) upgraded to Buy from Hold at KeyBanc... Delhaize (DEG) upgraded to Overweight from Neutral at JPMorgan... Echo Global (ECHO) upgraded to Outperform from Market Perform at FBR Capital... Edison International (EIX) upgraded to Buy from Neutral at UBS... Heartland Express (HTLD) upgraded to Buy from Neutral at Longbow... ING U.S. (VOYA) upgraded to Buy from Neutral at Goldman... Knight Transportation (KNX) upgraded to Buy from Neutral at Longbow... Medley Capital (MCC) upgraded to Outperform from Neutral at Credit Suisse... Men's Wearhouse (MW) upgraded to Buy from Neutral at Mizuho... SINA (SINA) upgraded to Outperform from Sector Perform at Pacific Crest... Travelers (TRV) upgraded to Neutral from Sell at Guggenheim... Vipshop (VIPS) upgraded to Buy from Neutral at Goldman... Key Energy (KEG) upgraded to Outperform from Sector Perform at Howard Weil... Panera Bread (PNRA) upgraded at Wedbush... Covanta (CVA) upgraded to Strong Buy from Outperform at Raymond James... BlackBerry (BBRY) upgraded to Hold from Underperform at Needham... ExOne (XONE) upgraded to Buy from Hold at BB&T.
News For AMG;SAN;BIG;BLDR;CHRW;DTE;DEG;ECHO;EIX;HTLD;VOYA;KNX;MCC;MW;SINA;TRV;VIPS;KEG;PNRA;CVA;BBRY;XONE From The Last 14 Days
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October 22, 2014
09:02 EDTKNXKnight Transportation reports Q3 EPS 31c, consensus 27c
Reports Q3 revenue $271.5M, consensus $266.63M.
October 21, 2014
16:36 EDTTRVOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a report showed existing homes sales hit their fastest pace in a year during September and Apple (AAPL) gave a better than expected sales forecast for its December quarter. ECONOMIC EVENTS: In the U.S., existing home sales beat estimates in September, rising 2.4% from the prior month to a 5.17M rate. In China, GDP slowed to 7.3% year-over-year growth pace in Q3 from 7.5% in Q2, though that was slightly better than expected. Chinese industrial production expanded at a 8.0% rate in September, which was well above projections and up from 6.9% growth in August. China's retail sales grew 11.6% in September compared to the prior year, which was nearly in-line with expectations. COMPANY NEWS: Shares of Apple rose $2.71, or 2.72%, to $102.47 after the company reported better than expected quarterly results and gave a better than expected forecast for its sales during the holiday quarter. Following last night's report, analysts at Cantor Fitzgerald said the iPhone maker "executed impressively" in Q4 and provided a strong outlook for Q1. The firm, which believes investors should "start thinking more boldly" about the company, raised its price target for shares to $143 from $123 and kept a Buy rating on the stock... Five of the Dow's 30 members reported on their quarterly results this morning and Coca-Cola (KO) was the clear loser in the bunch. The soda giant's shares dropped $2.61, or 6.03%, to $40.68 after its revenue missed expectations, it warned that it now expects to be below its long-term EPS growth target for 2014, and the company announced new cost-saving measures. Among the other four, McDonaldís (MCD) fell 0.63%, Verizon (VZ) added 0.43%, United Technologies (UTX) gained 0.49%, and Travelers (TRV) rose 1.12%. MAJOR MOVERS: Among the notable gainers following their earnings reports were medical equipment manufacturer Waters (WAT), which rose $9.63, or 9.87%, to $107.17, and motorcycle maker Harley-Davidson (HOG), which advanced $4.27, or 7.31%, to $62.65. Among the noteworthy losers was Ocwen Financial (OCN), which plunged $4.78, or 18.2%, to $21.48 after the company was called out by the New York Department of Financial Services for erroneously dated letters to borrowers. Benjamin Lawsky, the Superintendent for the NYDFS, stated in his letter to the company that if his department concludes it cannot trust Ocwen's systems and processes, "then it cannot trust Ocwen is complying with the law." Also lower following their earnings reports were Mexican restaurant operator Chipotle (CMG), which fell $45.48, or 6.96%, to $607.55, and defense contractor Lockheed Martin (LMT), which slid $2.92, or 1.66%, to $172.61. INDEXES: The Dow gained 215.14, or 1.31%, to 16,614.81, the Nasdaq advanced 103.40, or 2.4%, to 4,419.48, and the S&P 500 rose 37.27, or 1.96%, to 1,941.28.
16:18 EDTXONEExOne initiated with an Outperform at Oppenheimer
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12:57 EDTTRVOn The Fly: Midday Wrap
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10:00 EDTVOYAOn The Fly: Analyst Initiation Summary
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08:18 EDTSANBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
07:31 EDTVOYAVoya Financial initiated with a Buy at UBS
Target $45.
06:59 EDTTRVTravelers reports Q3 net written premiums up 6% to $6.03B
Total capital returned to shareholders of $937 million in the quarter, including $751 million in share repurchases. Year-to-date total capital returned to shareholders of $2.885 billion. Increases in book value per share of 9% to $76.42 and adjusted book value per share of 6% to $70.64 from year-end 2013.
06:58 EDTTRVTravelers reports Q3 EPS $2.61, consensus $2.27
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05:51 EDTBBRYStocks with implied volatility movement; TLM BBRY
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October 20, 2014
17:26 EDTMWSAB Capital Advisors reports 5.1% passive stake in Men's Wearhouse
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15:36 EDTTRVNotable companies reporting before tomorrow's open
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11:59 EDTBBRYBlackBerry calls active on Lenovo may make bid report
Blackberry October weekly 10 and 11 calls are active 38K contracts (8K puts) on Lenovo may make $15 per share BlackBerry bid shortly, Benzinga says. October weekly call option implied volatility is at 75, November is at 63, December is at 61; compared to its 26-week average of 56 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
11:10 EDTBBRYLenovo may make $15 per share BlackBerry bid shortly, Benzinga says
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06:04 EDTBBRYAcacia Research subsidiary enters into agreement with BlackBerry
Acacia Research announced that its Cell and Network Selection subsidiary entered into an agreement with Blackberry Corporation and Blackberry Limited (BBRY). The agreement resolved litigation that was pending between Cell and Network Selection and Blackberry in the U.S. District Court for the Eastern District of Texas.
06:03 EDTBBRYBlackBerry implied volatility of 51 at lower end of index mean range
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October 17, 2014
10:00 EDTBIGOn The Fly: Analyst Initiation Summary
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08:11 EDTBIGBig Lots initiated with a Buy at Stifel
Target $58.
06:46 EDTBBRYBlackBerry implied volatility of 55 at lower end of index mean range
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05:51 EDTSANStocks with implied volatility movement; SD SAN
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