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Stock Market & Financial Investment News

News Breaks
November 21, 2012
09:59 EDTFANG, NRGM, HTWR, AMX, EXXI, HRL, EV, STJ, HPQ, CBSHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: America Movil (AMX) downgraded to Neutral from Buy at Citigroup... Commerce Bancshares (CBSH) downgraded to Underweight from Equal Weight at Morgan Stanley... Eaton Vance (EV) downgraded to Sell from Neutral at Citigroup... HeartWare (HTWR) downgraded to Market Perform from Outperform at Wells Fargo... Hewlett-Packard (HPQ) downgraded to Sector Perform from Outperform at RBC Capital... Hewlett-Packard (HPQ) downgraded to Underperform from Neutral at Mizuho... Hormel Foods (HRL) downgraded to Underperform from Outperform at CLSA... Inergy Midstream (NRGM) downgraded to Neutral from Outperform at RW Baird... St. Jude Medical (STJ) downgraded to Market Perform from Outperform at Wells Fargo.... Energy XXI (EXXI) initiated with a Buy at Ladenburg... Diamondback Energy (FANG) intiated with an Add at Capital One.
News For AMX;CBSH;EV;HTWR;HPQ;HRL;NRGM;STJ;EXXI;FANG From The Last 14 Days
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March 19, 2015
08:35 EDTHPQTsinghua on short list of potential buyers of HP China units, Bloomberg says
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07:47 EDTHPQHP raises quarterly dividend to 17.6c per share from 16c per share
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07:02 EDTHPQHP CEO says company split on track for November 1, Bloomberg says
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March 18, 2015
17:26 EDTHPQHP CEO says split of company should happen around Nov. 1 2015, Bloomberg says
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10:00 EDTSTJOn The Fly: Analyst Downgrade Summary
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09:00 EDTHPQPitney Bowes renews strategic alliance with Hewlett-Packard
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05:39 EDTSTJSt. Jude Medical downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded St. Jude Medical (STJ) to Market Perform saying competitive pressures will drive 2015 market share losses in the company's cardiac rhythm management business, which represents 50% of total sales. Wells believes the launch of CardioMEMS will not be strong enough to offset the headwinds in CRM unit. The firm thinks Boston Scientific's (BSX) earlier than expected approval for its next generation subcutaneous implantable cardioverter-defibrillator called Emblem will drive share gains against St. Jude and Medtronic (MDT) in the single chamber ICD market. Wells cut its price target range for St. Jude shares to $69-$70 from $73-$74. The medical technology company closed yesterday down $2.01 to $65.45.
March 17, 2015
10:00 EDTFANGOn The Fly: Analyst Upgrade Summary
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09:11 EDTFANGDiamondback Energy upgraded to Buy from Accumulate at Global Hunter
Price target raised to $92 from $86.
07:12 EDTHPQDeutsche Messe to hold a conference
CeBIT 2015 is being held in Hannover, Germany on March 15-20.
March 16, 2015
13:16 EDTSTJAnalysts upbeat on results of Edwards' Sapien 3 data
The shares of Edwards Lifesciences (EW) are rising after the company released data on its Sapien 3 transcathter aortic valve over the weekend. In notes to investors today, a number of analysts were upbeat on the data. BACKGROUND: Edwards yesterday announced that high- and intermediate-risk patients treated with Sapien 3 demonstrated lower mortality rates than patients treated with previous transcathter aortic valves, or TAVR, made by the company. The patients also had excellent clinical outcomes in the other primary endpoints of stroke and paravalvular regurgitation, the company stated. Meanwhile, a five year study of patients treated with the first generation SAPIEN device showed that the patients had equivalent outcomes to traditional open-heart surgery, and no structural valve deterioration requiring intervention, the company stated. ANALYST REACTION: Edwards' Sapien 3 data was impressive, as the device showed one of the lowest stroke and mortality rates of any major TAVR study so far, Bernstein analyst Derrick Sung wrote in a note to investors earlier today. Data presented by Edwards and other companies at the American College of Cardiology, or ACC, conference this weekend caused investors and the medical community to become more optimistic about the potential for TAVR devices to replace surgical valves, Sung stated. The analyst wrote that he continues to believe that investors are underestimating the potential size of the TAVR market. Also upbeat on Edwards' data was Wells Fargo, which wrote that the data exceeded high expectations and could pressure the FDA to approve Sapien 3 for intermediate risk patients earlier than Edwards' guidance of late 2016. WHAT'S NOTABLE: Analysts were also upbeat on data reported by other companies at the ACC conference. Medtronic's (MDT) data suggested that its CoreValve Evolut-R product may be as effective as Edwards' Sapien 3, Bernstein's Sung stated. The FDA appears to have allowed Boston Scientific's (BSX) left atrial appendage closure, Watchman, to be provided to more patients than expected, research firm Stifel believes. Meanwhile, St. Jude's (STJ) CardioMEMS device yielded "impressive" mortality data, the firm added. Stifel kept Buy ratings on both Medtronic and St. Jude. PRICE ACTION: In early afternoon trading, Edwards Lifesciences climbed 9% to $147.64, Boston Scientific advanced 4% to $17.27, St. Jude added 2% to $67.55, and Medtronic rose 1.3% to $77.50.
09:37 EDTHPQActive equity options trading on open
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08:05 EDTSTJSt. Jude Medical data 'impressive,' says BMO Capital
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07:28 EDTHPQWestern Digital, Seagate estimates lowered on PC weakness at Jefferies
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05:31 EDTHPQHP Enterprise Services announces contract with TNT
HP Enterprise Services announced that it has been selected by international express delivery services company TNT. Under the six-year contract, HP will support TNT's business by consolidating and virtualizing its IT infrastructure and moving some functions to an HP Helion Managed Virtual Private Cloud environment.
March 15, 2015
12:47 EDTSTJSt. Jude Medical announces new data analysis from CHAMPION trial
St. Jude Medical announced a new data analysis from the CHAMPION trial showing that heart failure, HF, patients with reduced ejection fraction on optimal doses of guideline directed medical therapy, GDMT, managed by pulmonary artery, PA, pressure monitoring with the CardioMEMS HF System had a 57% reduction in mortality and a 43% reduction in HF hospitalizations compared with patients on GDMT managed by the standard of care, SOC. These data show a strong improvement for patients managed by optimal GDMT and the CardioMEMS HF System in both mortality and hospitalizations over currently defined best practices.
March 13, 2015
16:42 EDTHRLStocks end week lower amid euro slide, Fed rate hike worries
Stocks finished the week lower as worries about the impact of the euro's fall against the dollar, along with continued anticipation of an upcoming rate hike by the Fed and concerns about deflation, weighed on shares. MACRO NEWS: The euro's slide against the dollar continued, causing investors to worry that the trend could have a significant negative impact on the results of U.S. based, multinational companies... Anticipation of an impending interest rate hike continued to impact the market. On Tuesday, outgoing Dallas Fed President Richard Fisher said the central bank should begin to gradually raise rates before the economy reaches full employment to avoid triggering a recession. On Thursday, stocks rose as investors speculated that weak February retail sales data could cause the central bank to delay raising interest rates... An unexpected decline in the producer price index, which was reported on Friday, may have rekindled fears about deflation taking hold in the U.S., weighing on stocks... In China, the government said that industrial production rose less than expected in the first two months of the year. China's exports were reported to surge 15% in the first two months of the year versus the same period a year earlier, but data also indicated that China's imports sank 20% in the first two months of 2015. COMPANY NEWS: Apple (AAPL) provided additional information about its upcoming Apple Watch at a product launch event. Apple Watch will be available on Friday, April 24 to customers in nine countries, including the U.S., with pre-orders beginning April 10. The lowest priced Apple Watch, the 38 mm Apple Watch Sport, will be priced at $349, while the 18-karat gold Apple Watch Edition will be priced starting at $10,000... Embattled floor retailer Lumber Liquidators (LL) updated investors on the impact of a recent critical report from 60 Minutes. In the nine days following the report, same-store sales fell 12.7% versus the same period a year earlier, it reported. The company added that it was not able to provide full-year guidance until it has more time to gauge the impact of consumers' reaction to the report... GM (GM) settled a potential proxy battle with an investment group led by Harry Wilson by agreeing to return more cash to shareholders... Alcoa (AA) agreed to buy RTI International Metals (RTI), which supplies specialty metals and services for several sectors, including aerospace and defense... Credit Suisse (CS) appointed Tidjane Thiam, who is currently Group Chief Executive of Prudential (PUK), as its new CEO... The shares of several chicken producers fell after a possible case of bird flu was identified in Arkansas. Among the chicken producers that declined were Tyson (TSN), which is based in Arkansas, Pilgrim's Pride (PPC), Sanderson Farms (SAFM), and Hormel (HRL)... GNC Holdings (GNC) sank after New York's Attorney General announced that he and three of his colleagues would further investigate the business practices of the herbal supplement industry. INDEXES: For the week, the Dow was down 0.57% to 17,749.31, the Nasdaq fell 1.12% to 4,871.76, and the S&P 500 dropped 0.87% to 2,053.40.
16:13 EDTHPQJudge approves HP shareholder settlement on Autonomy deal, Bloomberg says
A U.S. District Judge in San Francisco approved HP's revised, third draft of a settlement with shareholders over its acquisition of Autonomy, reported Bloomberg. Reference Link
05:54 EDTHPQIDC: Worldwide tablet long term growth in low single digits, Digitimes says
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05:54 EDTHPQIDC: PC shipments to drop 4.9% in 2015 before improving slightly, DigiTimes says
Worldwide PC shipments is expected to drop 4.9% in 2015, compared to a previous forecast of 3.3%, reports DigiTimes, according to the IDC Worldwide Quarterly PC Tracker. Total 2015 volume is projected at 293.1M PCs, slipping further to 291.4M in 2019. The report also said growth projects for 2016 and 2017 improved slightly. Reference Link
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