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Stock Market & Financial Investment News

News Breaks
March 31, 2014
10:02 EDTPNRA, TRV, MCC, HTLD, DEG, BLDR, AMG, BBRY, KEG, SINA, KNX, EIX, DTE, BIG, CVA, VIPS, MW, VOYA, ECHO, CHRW, SAN, 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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January 22, 2015
14:56 EDTBBRYBlackBerry off highs after Evercore said to deny prepping Samsung report
Shares of BlackBerry (BBRY) remain up 8% near $10.74 in afternoon trading, but are off their earlier session high of $11.11, after BNN's Amber Kanwar reported that Evercore (EVR) tells BNN that Samsung (SSNLF) has not been a recent client of theirs and that they prepare ideas "routinely" on their "own accord." The BNN report follows an earlier story from Canada's Financial Post that claimed that Evercore Partners produced a 40 page analysis of the advantages and disadvantages to Samsung of acquiring all or part of BlackBerry on behalf of the Korean smartphone maker.
14:52 EDTBBRYEvercore says Samsung not a recent client, BBN reports
Evercore (EVR) tells BNN that Samsung (SSNLF) has not been a recent client of theirs and that they prepare ideas "routinely" on their "own accord," said BNN's Amber Kanwar on Twitter. Reference Link
12:28 EDTBBRYOn The Fly: Midday Wrap
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10:42 EDTBBRYBlackBerry jumps after report says Samsung analyzed takeover
An investment bank hired by Samsung prepared a detailed analysis of a potential acquisition of all or part of BlackBerry (BBRY) by the South Korean company, The Financial Post reported. WHAT'S NEW: In the fourth quarter of last year, Evercore Partners produced a 40 page analysis of the advantages and disadvantages to Samsung of acquiring all or part of BlackBerry, according to The Financial Post. The document also laid out various strategies that Samsung could use to make such a deal, and obstacles that could prevent the deal from occurring, the newspaper stated. Acquiring a minority stake would have many advantages for Samsung, the newspaper quotes the document as saying. However, it questions whether Samsung could achieve its key objectives if it only holds a minority stake in BlackBerry. The Canadian company's software appears to be complementary to that of Samsung, but further analysis must be conducted on that issue, Evercore stated, according to The Financial Post. The document suggested that Evercore could ask Fairfax Financial (FRFHF), a major BlackBerry shareholder, to help facilitate a deal. WHAT'S NOTABLE: After attending meetings with BlackBerry CFO James Yersh, Wells Fargo estimated that BlackBerry's QNX subsidiary, which develops software for automobiles, is already generating about 40% of the $500M of total annual software revenue that BlackBerry has targeted. Many analysts have questioned whether BlackBerry could meet this target. The firm also stated that BlackBerry will unveil "an iconic device" in early March. However, Yersh acknowledged that Q4 would be a transition quarter, while many investors remain cautious about BlackBerry, Wells stated. The firm has a neutral rating on the shares. PRICE ACTION: In mid-morning trading, BlackBerry surged 8.5% to $10.80.
08:28 EDTBBRYBank document shows Samsung still pursuing BlackBerry, Financial Post says
Samsung (SSNLF) continues to pursue acquisition of BlackBerry (BBRY), reports the Financial Post, citing an investment bank document and a source with knowledge of the plan. Prepared by Evercore Partners in 4Q14, the document hints at only a partial takeover, notes that Lenovo (LNVGY) may compete with Samsung for the company, cites BlackBerry's operating system and Messenger as potential divestitures, adds that Samsung could offset $50M in taxable income, and suggests Samsung start by approaching Fairfax Financial about acquiring a minority stake. Reference Link
07:00 EDTTRVTravelers reports Q4 book value per share of $77.08
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06:59 EDTTRVTravelers reports Q4 EPS $3.07, consensus $2.54
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05:56 EDTBBRYStocks with implied volatility below IV index mean; BBRY ARNA
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January 21, 2015
15:27 EDTTRVNotable companies reporting before tomorrow's open
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15:26 EDTTRVTravelers February volatility elevated into Q4 and outlook
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11:18 EDTBIGSnow Capital reports 5.2% passive stake in Big Lots
10:39 EDTBBRYBlackBerry off lows as Chinese language report on suitors circulates
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10:26 EDTMWHigh option volume stocks
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07:04 EDTSANSunEdison and TerraForm Power secure financing for solar project in UK
SunEdison (SUNE) and TerraForm Power (TERP) have secured financing to build five large-scale solar farms in the UK which will generate 85.2MW of electricity. The projects are expected to be acquired by Terraform in early 2015. Financing for the solar farms has been provided by Santander (SAN) Global Banking and Markets and Bayerische Landesbank, who acted as arrangers and Santander UK who acted as agent. The total amount financed was GBP70M. SunEdison has begun construction on all five sites, and will complete them in Q1.
05:58 EDTBBRYStocks with implied volatility below IV index mean; BBRY ARNA
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January 20, 2015
16:53 EDTVOYAING Groep reports 18.9% passive stake in Voya Financial
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08:59 EDTPNRAPanera Bread downgraded to Hold on valuation at Wunderlich
Wunderlich downgraded Panera Bread to Hold from Buy with shares within 8% of its unchanged price target of $185. The firm still expects Panera's same-store sales to continue to improve thru 2015 and 2016.
08:11 EDTPNRAPanera Bread downgraded to Hold from Buy at Wunderlich
Wunderlich downgraded Panera Bread to Hold with a $185 price target.
06:08 EDTBBRYStocks with implied volatility below IV index mean; BBRY ARNA
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January 19, 2015
07:45 EDTBBRYSamsung wants BlackBerry partnership, not takeover, WSJ reports
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