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Stock Market & Financial Investment News

News Breaks
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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July 20, 2015
16:22 EDTSUNEOn The Fly: Top stock stories for Monday
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12:08 EDTSUNEOn The Fly: Top stock stories at midday
Stocks on Wall Street were slightly higher at midday in the first trading day of a week that will be light on domestic economic data but heavy on earnings reports. Investors will be receiving profit reports from about 25% of the companies on the S&P 500 this week, making this the highest volume earnings week of this season. ECONOMIC EVENTS: In the U.S., no major data was released. In Europe, Greece reopened its banks three weeks after closing as the country worked out another bailout agreement. The country announced it has started the process of paying off its creditors, including the European Central Bank and the International Monetary Fund, with a bridge loan it just received. COMPANY NEWS: Lockheed Martin (LMT) agreed to buy the Sikorsky Aircraft business from United Technologies (UTX) for $9B, noting the price is "effectively reduced" to $7.1B after taking into account tax benefits resulting from the transaction. Shares of Lockheed, which also reported better than expected second quarter results and increased its fiscal year guidance, gained nearly 2% after the Sikorsky announcement and saying it will conduct a strategic review of its government IT infrastructure services business and technical services business... Shares of Morgan Stanley (MS) shares were little changed near noon after the bank reported earnings and revenue, excluding certain adjustments, that topped analysts' consensus forecasts... SunEdison (SUNE) announced a deal to acquire Vivint Solar (VSLR) for approximately $2.2B, payable in a combination of cash, shares of SunEdison common stock and SunEdison convertible notes. In connection with the proposed acquisition of Vivint Solar, SunEdison has entered into a definitive purchase agreement with a subsidiary of TerraForm Power (TERP) which, concurrently with the completion of SunEdison's acquisition of Vivint, will acquire Vivint Solar's rooftop solar portfolio, consisting of 523 MW expected to be installed by year-end 2015, for $922M in cash. Shares of Vivint rose 44% following the announcement, while SunEdison's stock gained 4% and TerraForm dropped 3%. Fellow residential solar installer SolarCity (SCTY), which is backed by Tesla's (TSLA) Elon Musk, rose 7% following the deal in the space. MAJOR MOVERS: Among the notable gainers was Exelixis (EXEL), which rallied 43% after the company reported that a study of cabozantinib in metastatic renal cell carcinoma met its primary endpoint of significant improvement in progression-free survival. The shares were indicated to rise even more in early pre-market trading, but lost some of their gains after Bristol-Myers (BMY) announced that its Opdivo study was stopped early after showing superior overall survival in a Phase 3 study of previously treated patients with advanced or metastatic renal cell carcinoma. Bristol-Myers rose a bit less than 1% to trade near $70 per share after its own announcement. Also higher was PayPal (PYPL), which gained more than 5.5% in its first day of trading after being spun out of eBay (EBAY). Meanwhile, eBay shares rose over 2%. Cal-Maine Foods (CALM) dropped 8% after posting lower than expected sales and profits in its fourth quarter and warning that while it should have an adequate supply of its primary feed ingredients, the company expects that prices will be "volatile" in the year ahead. Also lower were shares of several gold miners, including Barrick Gold (ABX) and Newmont Mining (NEM), which each fell about 11%, as gold prices declined about 2% near midday. INDEXES: Near midday, the Dow was up 31.66, or 0.18%, to 18,118.11, the Nasdaq was up 9.81, or 0.19%, to 5,219.96, and the S&P 500 was up 2.82, or 0.13%, to 2,129.46.
11:27 EDTSUNESunEdison acquisition implies higher SolarCity valuation, says Raymond James
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09:22 EDTSUNEOn The Fly: Pre-market Movers
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07:14 EDTSUNESunEdison acquires Vivint Solar for $2.2B
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July 16, 2015
14:11 EDTWNSFollow-up: WNS Holdings upgraded to Strong Buy from Buy at Needham
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14:04 EDTWNSWNS Holdings upgraded to Strong Buy from Buy at Needham
13:11 EDTSUNESemiconductor equipment stocks fall after Intel cuts CapEx view
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09:18 EDTHLTRLJ Lodging Trust acquires two hotels for $105.9M
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09:08 EDTCMECME Group and SGS open cocoa grading facility in AmsterdamStream Global CME Group
CME Group and inspection, verification, testing and certification company SGS opened a new, state-of-the-art cocoa grading facility in Amsterdam. Physically delivered, euro-denominated Cocoa futures were launched on CME Europe in March this year. Since launch it has traded more than 6,000 contracts and has over 1,000 contracts in open interest.
09:04 EDTHLTApple Hospitality REIT acquires three hotels
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08:17 EDTSUNEPullback in solar space provides attractive entry point, says Cowen
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07:04 EDTMGAMagna to acquire automotive transmissions supplier Getrag for EUR1.75B
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06:08 EDTWNSWNS Holdings reports Q2 adjusted net income $22.6M vs. $20.4M last year
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06:08 EDTWNSWNS Holdings sees FY16 adjusted EPS $1.69-$1.80, consensus $1.73
Sees FY16 revenue less repair payments $523M-$549M, consensus $534.17M. Sees FY15 ANI $90M-$96M.
06:07 EDTWNSWNS Holdings reports global headcount of 29,671 as of June 30, 2015
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06:07 EDTWNSWNS Holdings reports Q1 adjusted EPS 42c, consensus 39c
Reports Q1 revenue less repair payments $126.5M, consensus $124.82M. Reports Q1 GAAP revenue $134.1M.
July 15, 2015
14:57 EDTMGAMagna near deal to buy Getrag, Bloomberg reports
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13:48 EDTMGAMagna near deal to buy Getrag, Bloomberg reports
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07:05 EDTSUNESunEdison and Advanced Microgrid partner to deploy 50MW for Southern California
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