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March 4, 2014
10:01 EDTWNS, MGA, ANF, SUNE, HLT, CME, PHM, GTIOn The Fly: Analyst Upgrade Summary
Abercrombie & Fitch (ANF) upgraded to Outperform from Neutral at Credit Suisse... GrafTech (GTI) upgraded to Buy from Hold at Jefferies... Hilton (HLT) upgraded to Buy from Neutral at Goldman... Magna (MGA) upgraded to Neutral from Sell at Goldman... PulteGroup (PHM) upgraded to Buy from Hold at KeyBanc... SunEdison (SUNE) upgraded to Overweight from Equal Weight at Morgan Stanley... WNS Holdings (WNS) upgraded to Outperform from Neutral at RW Baird... CME Group (CME) upgraded to Buy from Hold at Argus.
News For ANF;GTI;HLT;MGA;PHM;SUNE;WNS;CME From The Last 14 Days
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May 19, 2015
07:13 EDTCMEBarclays to hold a conference
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May 18, 2015
20:16 EDTANFUrban Outfitters down over 16% after disappointing Q1 results
Urban Oufitters (URBN) is down sharply after reporting first quarter earnings per share and revenue that missed analyst estimates. WHAT'S NEW: Urban Oufitters reported Q1 EPS of 25c on revenue of $739.01M, below consensus expectations of 30c and $758.25M, respectively. Urban Outfitters also reported Q1 comparable retail segment net sales up 4%, with Q1 retail segment net sales increasing 17% at Free People, 5% at Urban Outfitters, and 1% at the Anthropologie Group. Wholesale segment net sales rose 18%. WHAT'S NOTABLE: On its Q1 earnings conference call, Urban Outfitters announced that Urban Outfitters Group CEO Ted Marlow, who oversaw the direction of the namesake brand, would retire at the end of August. While Urban Outfitters did not provide guidance, Urban Outfitters Anthropologie Group CEO David McCreight commented on the Anthropologie brand, "We're expecting we could see Q2 shaping up like Q1 in terms of low single-digit comps. We could also see being in the low-mid-single digit comps. It's hard to tell at this point." ANALYST REACTION: Two analyst firms lowered their respective price targets on Urban Outfitters following the company's earnings report. Sterne Agee, which rates Urban Outfitters a Neutral, lowered its 12-month price target to $34 from $46, noting the company has had trouble getting both its Urban Outfitters and Anthropologie brands to perform at the same time. Cantor, which maintained its Buy rating, lowered its price target to $53 from $54, saying that Anthropologie sales disappointed, but noting that a "later catalog release appears to us to have pushed some sales at Anthropologie into May." PRICE ACTION: Urban Outfitters fell 16.4% to just over $34 in after-hours trading. PEERS: Other publicly traded companies in the space include Abercrombie & Fitch (ANF), American Eagle (AEO), Five Below (FIVE), Pacific Sunwear (PSUN), and Zumiez (ZUMZ).
15:29 EDTGTIOptions with increasing volume
Options with increasing volume: ACHN PAGP CBG NI NGLS LEA OKS GTI WETF URBN
10:10 EDTGTIHigh option volume stocks
09:49 EDTGTIEquity options with increasing volume
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08:30 EDTCMECME Group announces launch of physically delivered zinc futures
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08:05 EDTGTIGrafTech announces agreement, plan of merger with Brookfield affiliate
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May 15, 2015
17:08 EDTPHMSoros Fund gives quarterly update on stakes
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10:01 EDTPHMOn The Fly: Analyst Downgrade Summary
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08:35 EDTPHMPulteGroup downgraded to Market Perform from Outperform at Raymond James
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May 14, 2015
11:33 EDTSUNEStocks with call strike movement; TWTR SUNE
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08:19 EDTCMESenate Agriculture Committee to hold a hearing
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May 12, 2015
07:06 EDTSUNESunEdison signs agreement with County of Alameda for 3MW solar system
SunEdison (SUNE) announced that is has signed an agreement with the County of Alameda, Calif. to install 3 megawatts, or MW, DC of solar systems as part of the second phase of the Regional Renewable Energy Procurement Program, or R-REP. In the first phase of R-REP, SunEdison was awarded more than 18 MW DC of solar projects with 9 different Bay Area public agencies, including 11 MW with Alameda County. In this second phase of the R-REP, SunEdison was awarded all of the projects on which it bid. SunEdison expects to add these projects to the Call Right Projects List for TerraForm Power (TERP),
06:29 EDTWNSWNS Holdings added to Focus List at Citigroup
Citigroup added WNS Holdings to its Focus List saying its recent channel checks indicate the company will be able to top consensus expectations and its FY16 outlook. Citi keeps a Buy rating on WNS with a $31 price target.
May 11, 2015
16:20 EDTSUNESunEdison to review strategic alternatives
SunEdison announced that it is reviewing strategic alternatives to more effectively align the Company structure as a sponsor in a long term asset ownership platform, through its TerraForm platform. The most efficient and commonly utilized structure by sponsors of yield vehicles is the general partnership structure in a master limited partnership. The company is considering a range of alternatives that will drive greater value and enable the efficient return of capital to shareholders, while maximizing its growth opportunities. The company's board authorized this strategic review. SunEdison expects to conclude its strategic review before the end of the year. However, no specific timetable has been set, and there can be no assurance that any transaction will take place. Likewise, no decision has been made on the timing or terms of any such transaction if one were to occur.
16:07 EDTSUNESunEdison files to sell $750M of convertible senior notes
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09:27 EDTHLTHilton 90M share Spot Secondary priced at $29.85
The deal range was $29.85-$29.95. Deutsche Bank, BofA/Merrill and Citigroup acted as joint book running managers for the offering.
08:13 EDTHLTHilton 90M share Spot Secondary, price range $29.85-$29.95
Hilton is offering 90M shares of common stock with a range of $29.85-$29.95 for affiliates of The Blackstone Group in a deal that is expected to price before the open. Deutsche Bank, BofA/Merrill and Citigroup are acting as joint book running managers for the offering.
06:17 EDTHLTHilton files to sell 90M shares of common stock for The Blackstone Group
Deutsche Bank Securities, BofA Merrill Lynch and Citigroup are serving as joint book-running managers for the offering.
06:16 EDTHLTHilton files 544.6M share automatic equity shelf for The Blackstone Group
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