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Stock Market & Financial Investment News

News Breaks
July 19, 2013
10:09 EDTBIG, ARO, LULU, UA, ROST, HES, CHS, APC, ANF, NCMI, UNP, TRIP, NBL, KND, FDO, AEO, NTWK, URBN, S, MRO, GPSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abercrombie & Fitch (ANF) initiated with a Neutral at SunTrust... Aeropostale (ARO) initiated with a Neutral at SunTrust... American Eagle (AEO) initiated with a Neutral at SunTrust... Anadarko (APC) initiated with a Buy at Mizuho... Big Lots (BIG) initiated with a Market Perform at FBR Capital.. Chico's FAS (CHS) initiated with a Buy at SunTrust... Family Dollar (FDO) initiated with a Market Perform at FBR Capital... Gap (GPS) initiated with a Neutral at SunTrust... Hess Corp. (HES) initiated with a Buy at Mizuho... Kindred Healthcare (KND) initiated with an Overweight at Barclays... Marathon Oil (MRO) initiated with a Buy at Mizuho... Noble Energy (NBL) initiated with a Neutral at Mizuho... Ross Stores (ROST) initiated with a Buy at SunTrust... Sprint (S) coverage resumed with a Sell at Goldman... TripAdvisor (TRIP) initiated with a Buy at Ascendiant... Under Armour (UA) initiated with a Buy at SunTrust... Urban Outfitters (URBN) initiated with a Buy at SunTrust... lululemon (LULU) initiated with a Buy at SunTrust... Union Pacific (UNP) coverage assumed with an Outperform at Credit Suisse... NetSol Technologies (NTWK) initiated with a Buy at Maxim... National CineMedia (NCMI) initiated with a Buy at B. Riley.
News For ANF;ARO;AEO;APC;BIG;FDO;CHS;GPS;KND;HES;MRO;NBL;ROST;S;TRIP;UA;URBN;UNP;LULU;NTWK;NCMI From The Last 14 Days
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January 25, 2016
14:29 EDTSNotable companies reporting before tomorrow's open
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14:21 EDTSSprint confirms over 2,500 jobs eliminated in latest cuts, KC Star reports
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12:33 EDTUAUnder Armour announces partnership with Dwayne 'The Rock' Johnson
Under Armour announced a global partnership with Dwayne "The Rock" Johnson. As part of the long-term partnership, Johnson will work with the performance brand to create a range of products across footwear, apparel and accessories as well as support Under Armour's Connected Fitness platforms, including the recently debuted Under Armour HealthBox and Record application. Additionally, the brand will develop product capsules including footwear, apparel and accessories inspired by the films Johnson is currently working on. The first product capsule will feature a Rock-inspired backpack and duffle bag that will launch on UA.com and be available in select Brand Houses in the next few weeks.
10:00 EDTAEOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Eagle (AEO) downgraded to Hold from Buy at BB&T... American Express (AXP) downgraded on weak revenue outlook at Argus... Bristol-Myers (BMY) downgraded to Market Perform from Outperform at BMO Capital... Caterpillar (CAT) downgraded to Sell from Neutral at Goldman... Crestwood Equity (CEQP) downgraded to Neutral on potential distribution cut at Baird... Cummins (CMI) downgraded to Neutral from Buy at Citi... Federal Realty (FRT) downgraded to Hold from Buy at Evercore ISI... GKN PLC (GKNLY) downgraded to Neutral from Outperform at Credit Suisse... Galapagos NV (GLPG) downgraded to Neutral from Buy at GoldmanvHortonworks (HDP) downgraded to Perform from Outperform at Oppenheimer... International Flavors (IFF) downgraded on headwinds at Stifel... International Paper (IP) downgraded to Neutral from Buy at Citi... JPMorgan (JPM) downgraded to Neutral from Buy at Nomura... KapStone (KS) downgraded to Underperform from Neutral at Macquarie... Mosaic (MOS) downgraded to Neutral from Overweight at JPMorgan... NetSuite (N) downgraded to Equal Weight from Overweight at Stephens... ONEOK Partners (OKS) downgraded to Neutral at Baird... OvaScience (OVAS) downgraded to Perform from Outperform at Oppenheimer... Packaging Corp. (PKG) downgraded to Neutral from Buy at Citi... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... Power Solutions (PSIX) downgraded to Neutral from Overweight at Piper Jaffray... Raymond James (RJF) downgraded to Neutral from Buy at Nomura... Regeneron (REGN) downgraded to Sell from Neutral at Chardan... SanDisk (SNDK) downgraded to Underperform from Outperform at CLSA... Toll Brothers (TOL) downgraded to Market Perform from Outperform at JMP Securities... Twitter (TWTR) downgraded to Hold from Buy at Stifel... WPX Energy (WPX) downgraded to Sector Perform from Outperform at Iberia... WestRock (WRK) downgraded to Neutral from Buy at BofA/Merrill... Whole Foods (WFM) downgraded to Underperform from Market Perform at BMO Capital... Zurich Insurance (ZURVY) downgraded to Neutral from Outperform at Exane BNP Paribas.
09:43 EDTAPCAnadarko upgraded to Buy from Accumulate at Tudor Pickering
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09:04 EDTSSprint doubles number of LTE Plus markets
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08:55 EDTAEOAmerican Eagle downgraded to Hold from Buy at BB&T
BB&T downgraded American Eagle based on valuation.
07:59 EDTHESHess Corp. price target lowered to $38 from $58 at JPMorgan
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07:55 EDTUAUnder Armour price target lowered to $95 from $110 at Cowen
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07:47 EDTUAUnder Armour weakness an attractive buying opportunity, says Canaccord
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07:34 EDTUNPRailroad stocks look attractive, says RBC Capital
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07:32 EDTSTMC to hold a conference
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07:02 EDTLULUlululemon can take prices higher, says Jefferies
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05:19 EDTSStocks with implied volatility movement; SWN SCTY
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January 22, 2016
12:32 EDTSOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday as they bid for their first two-day winning streak in what feels like a very long time amid a very tough start to 2016. The morning's strength was attributed to a continued rebound in oil prices and the prospects for economic stimulus in Japan, China and Europe. Oil prices remain higher by roughly 7% near noon and are holding solidly above $31 per barrel. As the first major winter storm bears down on the East coast, investor participation may slow down during the afternoon hours. ECONOMIC EVENTS: In the U.S., Markit's flash manufacturing Purchasing Managers' Index for January rose 1.5 points to 52.7, better than the 51.0 reading that was expected. Existing home sales climbed 14.7% to a 5.46M rate in December, topping the 5.2M rate that was forecast. In Europe, Markit's flash PMI for the euro zone slid to an 11-month low of 53.5, missing expectations for a more modest dip to a 54.2 reading. In Asia, Japan's Nikkei average rallied nearly 6%, with part of the strength attributed to a Nikkei Asian Review stating that the Bank of Japan is taking a "serious look" at additional easing. COMPANY NEWS: Shares of American Express (AXP) sunk 12% after the company reported stronger than expected quarterly results but its 2017 profit guidance came in below the consensus outlook. The company's pledge to take out $1B in costs by the end of 2017 did little to change the mood of analysts or investors, evidenced by Keefe Bruyette's downgrade of the stock as well as CNBC's David Faber reporting that ValueAct is no longer an American Express shareholder... Fellow Dow member GE (GE) slid 2% after reporting better than expected earnings but lower than expected quarterly revenue... Schlumberger (SLB) gained nearly 5% after reporting earnings that topped expectations, approving a quarterly dividend of 50c per share and a new share repurchase program of $10B and saying it plans to cut 10,000 more jobs. MAJOR MOVERS: Among the notable gainers was Golar LNG (GLNG), which rallied 41% after it signed a memorandum of understanding with Schlumberger to jointly market gas monetization solutions. Also higher was Canadian Pacific (CP), which gained 12% and was upgraded to Outperform from Sector Perform at RBC Capital following its quarterly results. In addition, Sprint (S) was 13% higher after saying it will release earnings on January 26, which was earlier than expected, and also after JPMorgan said that the company's 2016 cash burn fears are overdone. Among the noteworthy losers was Rockwell Collins (COL), which fell 3.5% after it reported quarterly earnings and issued fiscal 2016 EPS guidance. Also lower was Cardiovascular Systems (CSII), which dropped 33% and was downgraded to Underperform from Buy at Needham following its quarterly earnings report. INDEXES: Near midday, the Dow was up 131.77, or 0.83%, to 16,014.45, the Nasdaq was up 90.73, or 2.03%, to 4,562.79, and the S&P 500 was up 27.79, or 1.49%, to 1,896.78.
11:55 EDTSSprint volatility elevated into Q3 and outlook
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11:33 EDTHES, SOptions with increasing call volume
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10:00 EDTCHSHigh option volume stocks
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08:06 EDTSSprint 2016 cash burn fears overdone, says JPMorgan
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07:26 EDTUNPUnion Pacific price target lowered to $82 from $89 at UBS
UBS lowered its price target on Union Pacific to $82 from $89, citing lower coal inventories, low oil prices, the strong dollar, and more challenging modal competition from trucking. UBS maintained its Buy rating on Union Pacific shares as they believe upside potential is attractive in the medium term.
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