New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2014
10:00 EDTYUM, SVA, GTE, WCG, MTX, TLM, MAC, JBL, WEX, ULTA, TRNX, CX, HELI, EE, VOYA, INFN, IPHI, NRG, ASGN, AMHOn The Fly: Analyst Upgrade Summary
American Homes 4 Rent (AMH) upgraded to Buy from Neutral at BofA/Merrill... CEMEX (CX) upgraded to Buy from Neutral at Longbow... CHC Group (HELI) upgraded to Overweight from Neutral at JPMorgan... El Paso Electric (EE) upgraded to Neutral from Sell at Goldman... ING U.S. (VOYA) upgraded to Buy from Hold at Deutsche Bank... Infinera (INFN) upgraded to Buy from Hold at Stifel... Inphi (IPHI) upgraded to Buy from Hold at Stifel... NRG Energy (NRG) upgraded to Conviction Buy from Neutral at Goldman... On Assignment (ASGN) upgraded to Outperform from Market Perform at Wells Fargo... Tornier (TRNX) upgraded to Outperform from Market Perform at Wells Fargo... Ulta Salon (ULTA) upgraded to Buy from Neutral at Goldman... WEX Inc. (WEX) upgraded to Buy from Neutral at Citigroup... Jabil Circuit (JBL) upgraded to Sector Perform from Underperform at Scotia Capital... Macerich (MAC) upgraded to Buy from Hold at Sandler O'Neill... Sinovac Biotech (SVA) upgraded at Morgan Stanley... Gran Tierra (GTE) upgraded to Buy from Hold at TD Securities... WellCare (WCG) upgraded to Outperform from Market Perform at Leerink... Minerals Technologies (MTX) upgraded to Overweight at First Analysis... Talisman Energy (TLM) upgraded to Buy from Hold at TD Securities... Yum! Brands (YUM) upgraded to Outperform from Market Perform at First Global.
News For AMH;CX;HELI;EE;VOYA;INFN;IPHI;NRG;ASGN;TRNX;ULTA;WEX;JBL;MAC;SVA;GTE;WCG;MTX;TLM;YUM From The Last 14 Days
Check below for free stories on AMH;CX;HELI;EE;VOYA;INFN;IPHI;NRG;ASGN;TRNX;ULTA;WEX;JBL;MAC;SVA;GTE;WCG;MTX;TLM;YUM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
August 14, 2014
13:13 EDTSVASinovac Biotech moves to lows of session after results miss estimates
Subscribe for More Information
12:50 EDTSVASinovac Biotech reports Q2 EPS (4c), consensus 0c
Subscribe for More Information
12:46 EDTCXCEMEX to invest $340M in new Colombia CLH cement plant
CEMEX announced that its subsidiary, CEMEX Latam Holdings, will begin the construction of a cement plant in Colombia. The total investment is expected to reach approximately $340M and to increase CLH’s cement production capacity in Colombia from 4.5M to close to 5.5M tons per year. The first phase of this project includes the construction of a new grinding mill that is expected to start cement production during the second quarter of 2015. The rest of the plant will be completed during the second half of 2016. The plant will operate using modern and efficient technology to comply with high quality and environmental standards.
08:45 EDTAMHAmerican Homes 4 Rent 13M share Spot Secondary priced at $17.65
The deal range was $17.55-$17.75. Morgan Stanley acted as sole book running manager for the offering.
07:06 EDTNRGNRG Energy to acquire Goal Zero, terms not disclosed
NRG Energy and Goal Zero have reached an agreement that will bring the rapidly growing consumer products company into the NRG family of companies. The acquisition aligns with NRG’s mission to lead the market in offering cleaner, smarter choices and sustainable lifestyle solutions to end-use energy consumers across the country. Financial terms of the transaction were not disclosed. The transaction is subject to customary closing conditions, including regulatory clearances, and is expected to be finalized in the third quarter.
August 13, 2014
16:43 EDTAMHAmerican Homes 4 Rent files to sell 13M Class A common shares
Concurrently with the completion of the offering, the daughter of the company's Chairman of the Board of Trustees, B. Wayne Hughes, will purchase $50M of the company's Class A common shares in a private placement at the public offering price. Morgan Stanley will act as the book-running manager for this offering.
11:27 EDTINFNJDSU falls after outlook disappoints, analyst downgrades
Shares of JDSU (JDSU), a provider of equipment to telecommunications service providers, are sharply lower after the company's fourth quarter results and first quarter guidance were reported last night. Following the report, the stock was downgraded this morning at two Street research firms. WHAT'S NEW: Last night, JDSU reported fourth quarter adjusted earnings of 14c per share, beating the consensus forecast by 1c, on revenue of $448.6M, which topped the consensus $436.8M view. However, JDSU expects revenue to be $405M-$425M in its first quarter and sees Q1 EPS of 8c-12c, which fell short of consensus of about $441M and 14c, respectively. JDSU's President and CEO Tom Waechter said, "Looking ahead to fiscal 2015, we believe there are strong market drivers across our three business segments, and that we are well positioned with differentiated products and solutions to support our customers as they transition to Software Defined Networks, Network Function Virtualization and more dependency on cloud infrastructure. We continue to lead in our core network and anti-counterfeiting markets and I am pleased with the momentum we are building in our commercial lasers business on the strength of our highly differentiated fiber laser product line." ANALYST OPINION: Following the company's report, B. Riley analyst Dave Kang cut his rating on JDSU shares to Neutral from a Buy rating, citing near-term uncertainties in the North American telecom market. Kang pointed to two events contributing to that uncertainty, namely an architectural shift to SDN, or Software Defined Networking, and AT&T's (T) planned merger with DirecTV (DTV). The analyst acknowledged previously underestimating the potential impact of the SDN shift on the telecom equipment industry and noted that appears to be impacting JDSU's NSE business more than its optical component unit. Kang prefers Finisar (FNSR) over JDSU given the current environment, noting that about 70% of Finisar's sales come from the datacom sector. Kang lowered his price target on JDS Uniphase shares to $11.75 from $15.50. Piper Jaffray analyst Troy Jensen also downgraded JDSU following its report, lowering his rating on the stock to Neutral from Overweight. Jensen also said the company's worse than expected guidance indicates softer Telco spending and he believes JDSU will have trouble showing significant revenue acceleration even if the optical upgrade cycle starts to ramp up. Piper lowered its price target on the stock to $12 from $14. OTHERS TO WATCH: Other providers of telecom equipment include Ciena (CIEN) and Infinera (INFN). PRICE ACTION: In morning trading, shares of JDSU fell $1.12, or 9.4%, to $10.78. Meanwhile, shares of Finisar were down nearly 2% to $19.58, Ciena slipped 1.5% to $18.92 and Infinera was fractionally higher at $9.09.
10:16 EDTINFNInfinera management to meet with Needham
Subscribe for More Information
06:38 EDTTLMTalisman poised to sell Iraqi Kurdistan assets, Reuters says
Subscribe for More Information
August 12, 2014
08:03 EDTULTAGoldman's Retail selections for Q2
Goldman is most above Q2 consensus for Advance Auto Parts (AAP), Best Buy (BBY) and Williams-Sonoma (WSM), sees best risk/reward in Ulta Salon (ULTA) and Sportsman's Warehouse (SPWH), and low visibility in Dick's Sporting (DKS) and Wal-Mart (WMT).
August 11, 2014
14:29 EDTNRGNRG Energy reports 6.6% FuelCell stake after financing agreements
Subscribe for More Information
06:46 EDTYUM Yum! Brands shares remain attractive, says Bernstein
Bernstein expects Yum! Brands' China comp estimates to recover and does not view the brand as permanently impaired. The believes shares are attractive and sees potential upside from re-franchising or a breakup. The firm rates Yum! an Outperform with an $87 price target.
August 8, 2014
11:49 EDTMTXMinerals Technologies sees Q3 EPS $1.05-$1.10, may not compare to consensus 93c
Subscribe for More Information
10:36 EDTULTAOptions with increasing implied volatility
Subscribe for More Information
10:34 EDTNRGNRG Energy initiated with a Neutral at Tigress Financial
10:00 EDTTRNXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Activision Blizzard (ATVI) upgraded to Buy from Neutral at Longbow... Allergan (AGN) upgraded to Outperform from Market Perform at Leerink... Andersons (ANDE) upgraded to Buy from Hold at Feltl... Arista Networks (ANET) upgraded to Buy from Neutral at Citigroup... Barrick Gold (ABX) upgraded to Conviction Buy from Buy at Goldman... Brinker (EAT) upgraded to Outperform from Market Perform at Raymond James... CF Industries (CF) upgraded to Buy from Hold at Feltl... CST Brands (CST) upgraded to Neutral from Underperform at Credit Suisse... Cimarex Energy (XEC) upgraded to Accumulate from Hold at KLR Group... Coca-Cola HBC (OCCH) upgraded to Buy from Hold at Deutsche Bank... Delek US (DK) upgraded to Outperform at Cowen... Fifth Street Finance (FSC) upgraded to Buy from Neutral at Guggenheim... Glimcher Realty Trust (GRT) upgraded to Buy from Neutral at BofA/Merrill... Goodrich Petroleum (GDP) upgraded to Strong Buy from Outperform at Raymond James... Monster Beverage (MNST) upgraded to Neutral from Underperform at Longbow... NIC Inc. (EGOV) upgraded to Outperform from Market Perform at Barrington... NVIDIA (NVDA) upgraded at Needham... POZEN (POZN) upgraded to Buy from Hold at Ascendiant... Power Solutions (PSIX) upgraded to Accumulate from Neutral at Global Hunter... Primoris (PRIM) upgraded to Buy from Hold at BB&T... Sierra Bancorp (BSRR) upgraded to Outperform from Market Perform at Raymond James... Sonus Networks (SONS) upgraded to Outperform from Market Perform at Barrington... Stone Energy (SGY) upgraded to Buy from Accumulate at KLR Group... Tornier (TRNX) upgraded at BMO Capital... Tyson Foods (TSN) upgraded to Buy from Hold at BB&T... WGL Holdings (WGL) upgraded to Buy from Hold at Brean Capital.
09:39 EDTCXCEMEX management to meet with JPMorgan
Meeting to be held in Boston on August 13 hosted by JPMorgan.
08:19 EDTTRNXTornier upgraded at BMO Capital
As noted earlier, BMO Capital upgraded Tornier to Outperform from Market Perform. After the company reported better than expected Q2 results, the firm thinks the results were very good and says that the business' visibility has increased. Target to $24 from $20.
06:22 EDTTRNXTornier upgraded to Outperform from Market Perform at BMO Capital
Subscribe for More Information
06:11 EDTYUMOSI withdraws products made in Shanghai in response to food scandal
After dealing with a food scandal, OSI China, parent company of Shanghai Husi Food, announced the withdrawal of products produced in Shanghai. The company said, "Husi is the subject of company and government investigations and it is proceeding smoothly. While there have been no reported illnesses linked to any Shanghai Husi products, recovering this production is an important step in facilitating the investigations and rebuilding the respect and trust of our customers, the government and the people of China. With assistances and guidance provided by Shanghai FDA, we have started the recovery process of products in question in a comprehensive and orderly." Worldwide brands such Yum! Brands (YUM) McDonald's (MCD) and Starbucks (SBUX) were affected by the scandal in China. Reference Link
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use