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Stock Market & Financial Investment News

News Breaks
May 2, 2014
04:55 EDTAMTD, AMTD, CODI, CODI, LM, LM, LNN, LNN, VMI, VMI, WHG, WHGGabelli to hold a research field trip
Omaha Research Trip is being held on May 2-3.
News For AMTD;CODI;LM;LNN;VMI;WHG From The Last 14 Days
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October 23, 2014
17:33 EDTVMIValmont sees FY14 EPS $8.55-$8.65, consensus $9.12
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17:31 EDTVMIValmont reports Q3 EPS ex-items $1.92, consensus $2.18
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October 22, 2014
07:36 EDTAMTDFederal Reserve Bank of New York to hold a conference
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October 21, 2014
11:15 EDTAMTDHigh option volume stocks
High option volume stocks: DBA TUP CRI FCG TWC PLL ACM XRS RAI AMTD
October 20, 2014
06:33 EDTAMTDTD Ameritrade upgraded to Buy from Neutral at Goldman
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October 14, 2014
10:01 EDTLMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AU Optronics (AUO) upgraded to Neutral from Sell at UBS... Antero Resources (AR) upgraded to Buy from Accumulate at KLR Group... BHP Billiton (BHP) upgraded to Neutral from Underperform at Credit Suisse... Bill Barrett (BBG) upgraded to Buy from Accumulate at KLR Group... BorgWarner (BWA) upgraded to Buy from Neutral at Goldman... CRH Plc. (CRH) upgraded to Buy from Neutral at Citigroup... Comstock Resources (CRK) upgraded to Buy from Accumulate at KLR Group... Cracker Barrel (CBRL) upgraded at Argus... Delphi Automotive (DLPH) upgraded to Buy from Neutral at Goldman... EOG Resources (EOG) upgraded at Bernstein... Eaton (ETN) upgraded to Overweight from Equal Weight at Barclays... Energizer (ENR) upgraded to Outperform from Market Perform at Wells Fargo... Energy Transfer Equity (ETE) upgraded to Outperform at RW Baird... Federal-Mogul (FDML) upgraded to Neutral from Sell at Goldman... Ford (F) upgraded to Neutral from Underperform at Buckingham... Gulfport Energy (GPOR) upgraded to Accumulate from Hold at KLR Group... Halcon Resources (HK) upgraded to Buy from Hold at KLR Group... HeartWare (HTWR) upgraded to Overweight from Neutral at Piper Jaffray... Helmerich & Payne (HP) upgraded to Outperform at FBR Capital... Legg Mason (LM) upgraded to Neutral from Underperform at BofA/Merrill... Level 3 (LVLT) upgraded to Buy from Hold at Gabelli... Magnum Hunter (MHR) upgraded to Buy from Hold at KLR Group... NetScout (NTCT) upgraded at DA Davidson... Netflix (NFLX) upgraded to Buy with $600 target at BTIG... Newfield Exploration (NFX) upgraded to Buy from Hold at KLR Group... Nielsen (NLSN) upgraded at Bernstein... Orbitz (OWW) upgraded to Outperform from Market Perform at FBR Capital... PDC Energy (PDCE) upgraded to Buy from Hold at KLR Group... Rackspace (RAX) upgraded to Buy from Hold at Evercore... Range Resources (RRC) upgraded to Accumulate from Hold at KLR Group... Rex Energy (REXX) upgraded to Buy from Accumulate at KLR Group... SM Energy (SM) upgraded to Buy from Accumulate at KLR Group... Sanchez Energy (SN) upgraded to Buy from Accumulate at KLR Group... Targa Resources (TRGP) upgraded to Buy from Accumulate at Tudor Pickering... Unilife (UNIS) upgraded to Buy from Neutral at Ladenburg... Universal Forest (UFPI) upgraded at Sterne Agee.
08:36 EDTAMTDADP announces new business relationship with TD Ameritrade
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07:59 EDTAMTDSchwab, Ameritrade look 'deeply undervalued,' says Deutsche Bank
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06:02 EDTLMLegg Mason upgraded to Neutral from Underperform at BofA/Merrill
October 13, 2014
10:26 EDTAMTDHigh option volume stocks
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08:35 EDTCODICompass Diversified acquires SternoCandleLamp for $163M
Compass Diversified announced that on October 10, 2014, it entered into an agreement to acquire and consummated the acquisition of Candle Lamp Company, a manufacturer and marketer of portable food warming fuel and creative table lighting solutions for the foodservice industry. SternoCandleLamp's product line includes wick and gel chafing fuels, butane stoves and accessories, liquid and traditional wax candles, catering equipment and lamps. For the year ended December 31, 2013, SternoCandleLamp reported net revenue of approximately $133.6M. The purchase price for SternoCandleLamp of $163M was based on a total enterprise value of $161.5M and included approximately $1.7M of cash and working capital adjustments. SternoCandleLamp generated approximately $20M of EBITDA for the last twelve months ending September 30, 2014. Acquisition related costs were approximately $2.7M. CODI funded the acquisition through a draw of $166M on its revolving credit facility. On a primary basis, CODI will initially own all of the common equity ownership in SternoCandleLamp. In addition to its equity investment in SternoCandleLamp, CODI provided loans totaling approximately $91.6M to SternoCandleLamp as part of the transaction. CEO Alan Offenberg said, "This platform acquisition, our second in 2014, is expected to provide approximately 20c per share of cash flow accretion on a full year basis and, combined with our acquisition of Clean Earth Holdings in August 2014, has significantly strengthened our earnings power. Going forward, we will continue to enter into additional accretive acquisitions of leading businesses aimed at creating long-term shareholder value."

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