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Stock Market & Financial Investment News

News Breaks
December 10, 2012
10:09 EDTSWFT, ISLE, CSL, NBL, ATHN, UPL, QRE, CMTL, APC, FRX, CNQR, TRIP, MDU, CME, ANF, ELX, WBSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Abercrombie & Fitch (ANF) upgraded to Outperform from Neutral at RW Baird... Anadarko (APC) upgraded to Outperform from Neutral at RW Baird... Carlisle (CSL) upgraded to Buy from Hold at KeyBanc... CME Group (CME) downgraded to Sell from Neutral at Goldman... Comtech (CMTL) upgraded to Overweight from Neutral at JPMorgan... Isle of Capri (ISLE) upgraded to Neutral from Underperform at Credit Suisse... MDU Resources (MDU) upgraded to Buy from Neutral at Citigroup... QR Energy (QRE) upgraded to Outperform from Neutral at Credit Suisse... Robert Half (RHI) upgraded to Buy from Hold at Deutsche Bank... Swift Transportation (SWFT) upgraded to Buy from Hold at Dahlman Rose... TripAdvisor (TRIP) upgraded to Buy from Hold at Deutsche Bank... Ultra Petroleum (UPL) upgraded to Neutral from Underperform at Sterne Agee... Webster Financial (WBS) upgraded to Buy from Hold at Deutsche Bank... Concur (CNQR) upgraded to Buy from Hold at Wunderlich... athenahealth (ATHN) upgraded to Neutral from Underperform at Sterne Agee... Emulex (ELX) upgraded to Overweight from Equal Weight at Stephens... Forest Labs (FRX) upgraded to Outperform from Neutral at Cowen... Noble Energy (NBL) upgraded to Buy from Accumulate at Global Hunter.
News For ANF;APC;CSL;CME;CMTL;ISLE;MDU;QRE;SWFT;TRIP;UPL;WBS;CNQR;ATHN;ELX;FRX;NBL From The Last 14 Days
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January 27, 2016
07:57 EDTNBLNoble Energy reiterated as a Top Pick at Cowen
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06:04 EDTTRIPTripAdvisor downgraded to Sell from Neutral at Goldman
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06:02 EDTTRIPPriceline downgraded to Neutral from Buy at Goldman
Goldman Sachs analyst Heath Terry downgraded Priceline (PCLN) to Neutral saying the environment for online travel agents is becoming less favorable amid high occupancy and rising competition from alternative accommodation providers. Terry cut his price target for the shares to $1,200 from $1,500. He continues to believe Priceline is the best positioned in the space, however. The analyst this morning also downgraded TripAdvisor (TRIP) to Sell and kept a Neutral rating on Expedia (EXPE).
05:14 EDTAPCAnadarko implied volatility of 91 at upper end of index mean range
January 26, 2016
19:29 EDTNBLNoble Energy cuts capital spending program 50% to $1.5B
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16:25 EDTNBLNoble Energy cuts quarterly dividend to 10c per share
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14:00 EDTSWFTSwift spikes after reporting Q4 earnings beat
Shares of trucking company Swift (SWFT) are rallying after reporting better-than-expected quarterly earnings on Monday evening. WHAT'S NEW: Swift reported fourth quarter earnings per share of 53c on revenue of $1.09B. Analysts were anticipating Q4 EPS of 47c on revenue of $1.12B. With its Q4 financial results, the company guided for fiscal 2016 EPS of $1.50-$1.60 against analyst estimates of $1.55. Swift attributed the earnings beat to strong operational execution, declining fuel prices, gains on equipment sales, and a better than anticipated tax rate. "We were able to generate year-over-year rate increases in our three largest reportable segments, despite difficult comparison quarters. Investments in our fleet technology are also beginning to pay off, with improved accident and workers' compensation trends, driver retention, and fuel efficiency in the quarter. We also realized improvements in our Intermodal container turns," the company said in a letter to investors. WHAT'S NOTABLE. In late September, the company slashed it fiscal 2015 EPS view to $1.43-$1.52 from $1.64-$1.74. At the time, the company blamed its reduced view, in part, on the additional carrying expense associated with the large volume of new tractors received late in the second quarter due to delivery delays, as well as a reduction in expected volumes of seasonal project business in Q4 of 2015 due to customers' recent logistical changes. A month later, with its third quarter results, the trucking company noted that as it moved into Q4, it would focus on improving utilization of its fleet. PRICE ACTION: Shares of Swift lost about 50% of their value in 2015 and closed Monday at $13.67. In Tuesday afternoon trading, shares of Swift are up over 19% to $16.31. OTHERS TO WATCH: Shares of other companies in the truck and logistics space are also up, including JB Hunt (JBHT), Hub Group (HUBG), Landstar System (LSTR), and Werner Enterprises (WERN).
10:40 EDTTRIPTripAdvisor adds key supplier with Starwood, says Piper Jaffray
Piper Jaffray analyst Michael Olson says that while expected following Marriott's (MAR) acquisition of Starwood, the partnership enabling Starwood's hotel inventory on TripAdvisor's (TRIP) Instant Book is a positive. TripAdvisor is making "tremendous strides" in building its supplier network, Olson tells investors in a research note. He reiterates an Overweight rating on the stock with a $120 price target.
09:55 EDTATHNLeerink /healthcare tech analysts hold analyst/industry conference call
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09:03 EDTTRIPStarwood, TripAdvisor announce new instant booking partnership
Starwood Hotels & Resorts Worldwide (HOT) and TripAdvisor (TRIP) have partnered to make Starwood's global hotel portfolio accessible on the TripAdvisor instant booking platform.
08:38 EDTAPCCiti reiterates Buy on Anadarko amid balance sheet concerns
Citi analyst Robert Morris attributes the 33% year-to-date decline in shares of Anadarko Petroleum to concerns over the company's balance sheet and "perceived cash flow outspend." In a research note titled "Does Anadarko Belong In The 'Bad Balance Sheet Bucket'?", Morris reiterates a Buy rating on Anadarko with a $62 price target. The company is adamant that it will not outspend cash flow in 2016, which, like 2015, includes asset sales, Morris tells investors. The analyst believes Anadarko could fund up to $1B or more with asset sales. In almost any scenario, Morris does not think Anadarko will breach its financial covenant or seek to issue equity.
January 25, 2016
19:28 EDTSWFTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Swift Transportation (SWFT), up 5.4%... Sanmina (SANM), up 4.6%... Rambus (RMBS), up 6.6%. ALSO HIGHER: Aratana Therapeutics (PETX), up 12.9% after filing a New Animal Drug Application with the FDA... Relypsa (RLYP), up 16.5% after announcing results from Veltassa drug-drug interaction studies. LOWER: Centene (CNC), down 1.9% after announcing an internal search for six hard drives that are unaccounted for.
16:15 EDTSWFTSwift Transport sees FY16 EPS $1.50-$1.60, consensus $1.55
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16:13 EDTSWFTSwift Transport reports Q4 EPS 53c, consensus 47c
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14:29 EDTSWFTNotable companies reporting after market close
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11:24 EDTSWFTOptions with increasing volume
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10:56 EDTSWFTSwift Transport February volume and volatility increases into Q4 and outlook
Swift Transport February 13 and 14 calls are active on total call volume of 8,800 contracts (140 puts) suggesting traders taking positions for upside price movement suggesting large near term price movement into the expected release of Q4 results on January 26. February call option implied volatility is at 71, March is at 63; compared to its 52-week range of 25 to 69.
10:16 EDTSWFTHigh option volume stocks
High option volume stocks: IRM SWFT STLD AAN PKG NVRO PZZA SYY EDAP SSYS
09:50 EDTUPLUltra Petroleum downgraded to Sell from Trim at Tudor Pickering
09:43 EDTAPCAnadarko upgraded to Buy from Accumulate at Tudor Pickering
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