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Stock Market & Financial Investment News

News Breaks
March 4, 2014
10:01 EDTANF, GTI, HLT, MGA, PHM, SUNE, WNS, CMEOn 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
Check below for free stories on ANF;GTI;HLT;MGA;PHM;SUNE;WNS;CME the last two weeks.
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July 24, 2014
06:38 EDTPHMPulteGroup reports Q2 EPS 11c, may not compare to consensus 25c
Reports Q2 revenue $1.29B, consensus $1.33B. Q2 net income was $42M, or 11c per share, after pretax charges of $88M, or 14c per share, for insurance reserves and office relocation costs. Net income for the second quarter reflects $26M, or 7c per share, of income tax expense.
July 22, 2014
09:32 EDTANFAbercrombie & Fitch Q2 revenues tracking below consensus, says ITG Research
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07:03 EDTSUNESunEdison signs PPA with Southern Nevada Water Authority
SunEdison announced that it has signed a 20-year power purchase agreement, or PPA, with the Southern Nevada Water Authority, or SNWA. The power purchase agreement enables SNWA to lock in a significant portion of its energy costs at a fixed rate, providing an effective hedge against future increases. As part of the agreement, SunEdison will develop, construct, own and operate a 14 megawatt AC solar photovoltaic power plant, located in Clark County, Nevada. Construction of the facility will begin in early 2015 with commercial operation slated for later that year.
July 21, 2014
11:04 EDTANFOptions with increasing implied volatility:
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July 18, 2014
12:48 EDTSUNESolar stocks rise after successful IPO in space
Shares of solar energy companies are rising after a solar energy company's subsidiary surged on its first day of trading. WHAT'S NEW: The shares of SunEdison (SUNE) subsidiary TerraForm (TERP) are surging 36% in early afternoon trading. TerraForm Power opened at $33.26 and was trading near $34 per share at midday, after its initial public offering priced at $25 per share. TerraForm was formed to own and operate assets that generate clean power and the company plans to pay dividends. In a note to investors yesterday, Josh Baribeau, an analyst at Canaccord Genuity, wrote that TerraForm is a Yieldco. Subsidiaries of energy companies that own power plants and projects, Yieldcos typically trade on stock exchanges. Noting that TerraForm's IPO had priced at the high end of its expected range yesterday and was well oversubscribed, Baribeau wrote that this outcome reflects the strong demand for Yieldcos among investors. The Yieldcos provide investors with yield which is in high demand in today's low interest rate environment, the analyst stated. Additionally, as a result of the strong demand for Yieldcos' stocks, they provide their parent companies with "cheap and abundant capital," the analyst stated. SunEdison and TerraForm will grow their combined cash available for distributions at a faster rate than their target of 15% over the next three years, helping SunEdison's stock rise, the analyst stated. He kept a $30 price target and Buy rating on SunEdison. WHAT'S NOTABLE: A number of solar energy companies that own solar projects could form Yieldcos, research firm Trefis wrote in a Forbes column last month. Like Canaccord's Baribeau, Trefis believes that Yieldcos provide their parent companies with a cheap source of funding. Yieldcos also distribute most of their cash through dividends, Trefis stated. The firm named First Solar (FSLR) and SunPower (SPWR) as companies that could launch their own Yieldcos. PRICE ACTION: In early afternoon trading, Terraform jumped 36% to $34 and SunEdison was down 1% to $22.76. Meanwhile, First Solar rose 1.4% to $62.29, SunPower climbed 2.7% to $38.71, JinkoSolar gained 2.8% to $26.75, and Canadian Solar (CSIQ) advanced 3% to $28.71.
10:38 EDTSUNETerraForm Power opens at $33.26, IPO priced at $25.00
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10:33 EDTSUNETerraForm Power indicated to open at $33.70
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10:24 EDTSUNETerraForm Power indicated to open $33.05
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10:03 EDTSUNETerraForm Power indicated to open $32.50 on 3M shares
TerraForm Power (TERP) is a subsidiary of SunEdison (SUNE).
10:00 EDTSUNETerraForm Power indicated to open $32.00
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09:52 EDTSUNETerraForm Power indicated to open $31.50
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06:41 EDTSUNETerraForm Power IPO priced at $25 per share
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July 17, 2014
16:01 EDTSUNEOptions Update; July 17, 2014
iPath S&P 500 VIX Short-Term Futures up 2.66 to 29.93. Option volume leaders: AAPL FB GOOG APA MSFT PBR SUNE AMZN TWTR TSLA according to Track Data.
10:00 EDTSUNEOn The Fly: Analyst Initiation Summary
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08:50 EDTSUNESunEdison initiated wtih a Buy at Axiom Capital
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06:21 EDTWNSWNS Holdings targets closure of at least 6 'large deals' in FY15
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06:20 EDTWNSWNS Holdings: Updated forecast reflects top line growth of 6%-12%
WNS continues to expect profitability to expand faster than revenue, with ANI guidance reflecting 12% to 20% year-over-year improvement. Guidance excludes the potential impact from a change in taxability of our Fixed Maturity Plan investments proposed in last week’s India budget. If passed by both houses of Parliament in its current form, the budget proposal would result in WNS incurring incremental taxes of approximately $3M in FY15.
06:19 EDTWNSWNS Holdings raises FY15 EPS to $1.52-$1.63 from $1.44-$1.56, consensus $1.51
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06:18 EDTWNSWNS Holdings reports Q1 adjusted EPS 38c, consensus 33c
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July 16, 2014
11:53 EDTSUNEStocks with call strike movement; MNKD SUNE
MannKind (MNKD) January 17 call option implied volatility increased 6% to 79, SunEdison (SUNE) October 28 call option implied volatility increased 3% to 58 according to IVolatility.
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