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Stock Market & Financial Investment News

News Breaks
March 12, 2014
10:00 EDTRAD, MRC, GGP, BDN, PAY, PMC, INFN, EEFT, ANGO, SMLP, MCK, HTGC, CALXOn The Fly: Analyst Upgrade Summary
AngioDynamics (ANGO) upgraded to Outperform from Market Perform at Raymond James... Brandywine Realty (BDN) upgraded to Equal Weight from Underweight at Barclays... Calix (CALX) upgraded to Neutral from Sell at Goldman... Euronet (EEFT) upgraded to Outperform from Market Perform at Avondale... General Growth (GGP) upgraded to Overweight from Equal Weight at Barclays... Hercules Technology (HTGC) upgraded to Outperform at Keefe Bruyette... Infinera (INFN) upgraded to Buy from Neutral at Goldman... MRC Global (MRC) upgraded to Buy from Neutral at Longbow... McKesson (MCK) upgraded to Conviction Buy from Buy at Goldman... PharMerica (PMC) upgraded to Outperform from Neutral at Credit Suisse... Rite Aid (RAD) upgraded to Buy from Neutral at Goldman... Summit Midstream (SMLP) upgraded to Outperform from Neutral at RW Baird... VeriFone (PAY) upgraded to Hold from Sell at Deutsche Bank.
News For ANGO;BDN;CALX;EEFT;GGP;HTGC;INFN;MRC;MCK;PMC;RAD;SMLP;PAY From The Last 14 Days
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March 23, 2015
07:20 EDTPAYBarclays to hold a forum
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06:07 EDTRADRite Aid implied volatility of 61 at upper end of index
March 20, 2015
08:06 EDTGGPGeneral Growth price target raised to $35 from $28 at Oppenheimer
Oppenheimer increased its price target on General Growth as the firm expects the company's FFO to rise by 10% this year and 13% in 2016. The firm thinks the market underestimates the company's near-term FFO growth and the value of its assets. It keeps an Outperform rating on the shares.
06:09 EDTRADRite Aid implied volatility of 63 at upper end of index
March 19, 2015
16:01 EDTRADOptions Update; March 19, 2015
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11:02 EDTRADOptions with increasing implied volatility
Options with increasing implied volatility: HLF RAD NFLX HLSS NOW
09:37 EDTRADActive equity options trading on open
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07:04 EDTRADAmerican Express confirms plans to launch Plenti loyalty program
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05:49 EDTRADStocks with implied volatility movement; RAD XLV
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March 18, 2015
16:00 EDTRADOptions Update; March 18, 2015
iPath S&P 500 VIX Short-Term Futures down 1.20 to 26.10. Option volume leaders: AAPL RAD PBR TWTR FB TSLA CLF BP MGM according to Track Data.
10:30 EDTRADRite Aid calls active on renewed takeover speculation
Rite Aid April 8 and 9 calls are active on 138K contracts (1K puts) on renewed takeover speculation. March call option implied volatility is at 72, April is at 62, May is at 53; compared to its 26-week average of 44 according to Track Data. Active call volume suggests traders taking positions for larger near term price movement.
10:15 EDTRADRumor: Rite Aid moves higher on renewed takeover speculation
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06:16 EDTRADAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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March 17, 2015
10:13 EDTPAYOptions with decreasing implied volatility
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08:15 EDTGGPMacerich adopts classified board structure, stockholder rights plan
Macerich (MAC) announced that its board unanimously approved two governance changes to ensure that all stockholders have the opportunity to realize the long-term value of their investment in the company and are protected from coercive takeover attempts. As permitted by the Maryland General Corporation Law, the board has adopted a classified board structure pursuant to which directors will be assigned to one of three classes, each serving three-year terms. In order to emphasize that the classified board is solely intended to protect stockholder value and not intended to be a permanent feature of the company's corporate governance, the company has committed to review the continued need for the classified board structure in 2016. In addition, the board has adopted a limited duration stockholder rights plan, effective March 17, and authorized a dividend distribution of one preferred share purchase right on each outstanding share of Macerich's common stock. If not redeemed or otherwise exchanged, the Rights Plan is limited in duration and will expire on the date of the company's 2016 Annual Meeting of Stockholders. Macerich's Board of Directors elected to implement these governance changes in response to the unsolicited takeover proposal announced by Simon Property Group (SPG) on March 9. In its proposal, Simon Property Group announced that it has entered into an agreement to sell selected Macerich assets to General Growth Properties (GGP). In addition, on March 12, James Barkley, General Counsel of Simon Property, sent a letter to Macerich indicating that Simon was contemplating the nomination of five dissident candidates to stand for election at Macerich's 2015 Annual Meeting of Stockholders. The Macerich Board believes this partnership raises serious antitrust concerns as it is a concerted effort by the two largest companies in the industry to acquire the number three company. As a result, the Board believes it is vital that it take proactive measures to protect stockholder value and prevent the accumulation of stock by any group that might seek to force the sale of the company.
08:12 EDTGGPMacerich rejects $91 per share proposal from Simon Property Group
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March 16, 2015
15:15 EDTHTGCHercules Technology says EPS growth targets pushed out 'quarter or two'
"Our origination activity has been very robust as we continue to see healthy deal flow from our venture capital partners and from our innovative venture growth stage companies. However, we continue to see many of these new investments opportunities closing later and later in the quarter, thereby lowering our targeted intra-quarter weighted average loan balances, and pushing out our EPS growth targets by a quarter or two in the process. In addition, our forecasted early pay-offs, or prepayments, are materially lower than prior quarters and in-line with our expectations, which should allow us to grow our loan investment portfolio and begin to leverage our SG&A infrastructure investment in anticipation of higher year-end loan investment portfolio growth and balances. Finally, we continue to selectively pursue new loan investment opportunities that meet our credit underwriting standards, as we look to systematically grow our loan investment portfolio to new records levels in 2015 with senior secured high quality investments. We remain steadfast in not trading-off increased credit risk in the quest for higher loan yields by reaching down the capital structure, and prefer to accept lower loan yields in lieu of increased credit risk," said Hercules chairman and CEO Henriquez.
15:14 EDTHTGCHercules Technology reports Q1 closed commitments to date near $170M
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10:14 EDTPAYOptions with decreasing implied volatility
Options with decreasing implied volatility: EXPR ULTA SGMS QIHU BKS PAY URBN AGN AGNC
March 13, 2015
10:37 EDTPAYOptions with decreasing implied volatility
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