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Stock Market & Financial Investment News

News Breaks
January 27, 2014
10:00 EDTANN, VFC, DEI, WCG, TOL, MELI, KBH, CSCO, COP, VNO, LULU, SRPT, MANU, IDTI, BCRX, ARE, HBNC, XRX, MOS, MNK, IDIXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Ann Inc. (ANN) downgraded to Neutral from Buy at Janney Capital... BioCryst (BCRX) downgraded to Market Perform from Outperform at Wells Fargo... Cisco (CSCO) downgraded to Underweight from Neutral at JPMorgan... First Niagara (FNFG) downgraded to Hold from Buy at Jefferies... Idenix (IDIX) downgraded to Underperform from Market Perform at JMP Securities... Integrated Device (IDTI) downgraded to Underweight from Equal Weight at Barclays.... KB Home (KBH) downgraded to Underweight from Equal Weight at Barclays... Mallinckrodt (MNK) downgraded to Sell from Neutral at UBS... Manchester United (MANU) downgraded to Hold from Buy at Deutsche Bank... MercadoLibre (MELI) downgraded to Underperform from Neutral at BofA/Merrill... Mosaic (MOS) downgraded to Equal Weight from Overweight at Barclays... Sarepta (SRPT) downgraded to Market Perform from Outperform at JMP Securities... Toll Brothers (TOL) downgraded to Equal Weight from Overweight at Barclays... Xerox (XRX) downgraded to Market Perform from Outperform at BMO Capital... lululemon (LULU) downgraded to Neutral from Buy at Janney Capital... WellCare (WCG) downgraded to Sell from Neutral at Monness Crespi... Horizon Bancorp (HBNC) downgraded to Market Perform from Outperform at Fig Partners... Vornado (VNO) downgraded to Cautious from Neutral at ISI Group... Douglas Emmett (DEI) downgraded to Cautious from Neutral at ISI Group... Alexandria Real Estate (ARE) downgraded to Neutral from Buy at ISI Group... First Niagara (FNFG) downgraded to Underperform from Neutral at Macquarie... ConocoPhillips (COP) downgraded to Neutral from Buy at Guggenheim... VF Corp. (VFC) downgraded to Market Perform from Outperform at Cowen.
News For ANN;BCRX;CSCO;IDIX;IDTI;KBH;MNK;MANU;MELI;MOS;SRPT;TOL;XRX;LULU;WCG;HBNC;VNO;DEI;ARE;COP;VFC From The Last 14 Days
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February 23, 2015
13:45 EDTCOPOpec may call emergency meeting if crude continues slide, FT says
According to Diezani Alison-Madueke, Nigeria's oil minister, Opec members have discussed holding an emergency meeting if crude prices continue to tumble, says the Financial Times. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
13:44 EDTTOLEarnings Preview: Toll Brothers sentiment cautious ahead of Q1 results
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12:21 EDTWCGOn The Fly: Midday Wrap
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11:10 EDTWCGHealth insurers rise after CMS releases preliminary Medicare Advantage rates
The shares of a number of health insurers are rising after the Centers for Medicare and Medicaid Services, or CMS, issued preliminary 2016 Medicare Advantage rates. According to Credit Suisse, the rates were favorable for health insurers. WHAT'S NEW: On Friday after the market closed, CMS issued a proposal for 2016 Medicare Advantage rates. The rates are preliminary and could change when CMS announces the final 2016 rates on April 6 of this year, the agency noted. In a note to investors earlier today, Credit Suisse analyst Ralph Giacobbe estimated that, under CMS' initial proposal, insurers would see rate changes of between -1% and +1%, depending on the risk that each insurer faces. The preliminary rates were "favorable" for insurers, since the rates were "in-line if not slightly better" than investors had expected, the firm stated. Moreover, CMS decided not to restrict at-home health risk assessments, as had been feared, and agreed to reduce the weighting of certain risk factors that had hurt previously certain plans with a higher proportion of low-income beneficiaries, acceding to a request by insurers. Insurers with the highest exposure to Medicare Advantage include Humana (HUM), UnitedHealth (UNH), and WellCare (WCG), the analyst stated. WHAT'S NOTABLE: After analyzing CMS' proposal, health insurer Aetna (AET) estimated that the proposal would cause government funding for its Medicare Advantage business to decline by about 1% in 2016. Aetna added that it is continuing to evaluate the changes outlined in the Advance Notice and their impact on the company and its Medicare Advantage members. OTHERS TO WATCH: Other publicly traded health insurance companies include Anthem (ANTM), AMERIGROUP (AGP), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), and Molina Healthcare (MOH). PRICE ACTION: In mid-morning trading, Humana climbed 5.3% to $164.43, UnitedHealth rose 2.6% to $115.56, WellCare gained 6.3% to $90, Aetna advanced 2% to $99.91, and Centene added 3.4% to $61.93.
10:19 EDTIDTIIntegrated Device management to meet with Craig Hallum
Meetings to be held in Canada on February 24, in Chicago on February 25 and in San Francisco on February 26 hosted by Craig Hallum.
08:05 EDTWCGCMS releases preliminary Medicare Advantage rates for 2016
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07:40 EDTMOSBMO Capital to hold a conference
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February 22, 2015
18:09 EDTCSCOArista Networks shares could be a bargain, Barron's says
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11:59 EDTCOPUSW to expand ULP oil strike
The United Steelworkers, USW, announced that it will expand its unfair labor practice strike, ULP, by launching a work stoppage tonight at midnight at the Motiva Enterprises refinery in Port Arthur, Texas. This refinery, a 50-50 joint venture between Shell Oil Company and Saudi Refining, produces more than 600,000 barrels per day. In addition, 24 hour strike notices were delivered at Motiva’s two Louisiana refineries in Convent and Norco as well as at the Shell Chemical plant in Norco. Capacity at these facilities is 235,000 and 238,000. These refineries are also jointly operated by Royal Dutch Shell and Saudi Refining, Inc. of Saudi Arabia. “The industry’s refusal to meaningfully address safety issues through good faith bargaining gave us no other option but to expand our work stoppage,” said USW International President Leo W. Gerard. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
February 20, 2015
12:49 EDTANNOn The Fly: Midday Wrap
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10:01 EDTANNOn The Fly: Analyst Downgrade Summary
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08:13 EDTANNAnn Inc. downgraded to Neutral from Outperform at Macquarie
Macquarie downgraded Ann Inc to Neutral based on gross margin concerns. The firm sees incremental shipping costs due to the West Coast situation and promotional activity pressuring results. Price target is $37.
07:14 EDTLULUOppenheimer to hold a tour
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06:03 EDTANNAnn Inc. working with JPMorgan on potential sale, Bloomberg reports
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05:54 EDTANNAnn Inc. volatility up into working with JPMorgan on potential sale, report
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February 19, 2015
17:58 EDTANNAnn Inc. working with JPMorgan on potential sale, Bloomberg says
11:36 EDTVFCVF Corp. reaches settlement with RevoLaze in patent infringement case
RevoLaze, LLC, a laser technology firm headquartered in Westlake, OH, announced that it has reached a settlement and license agreement with VF Corporation regarding the patent infringement lawsuits filed with the International Trade Commission August 18, 2014 and Cleveland U.S. District Court on August 15, 2014 naming 17 denim jeans companies. The financial terms of the agreement are confidential.
09:03 EDTHBNCHorizon Bancorp, Peoples Bancorp announce signing of merger agreement
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07:04 EDTTOLToll Brothers weekly volatility elevated into Q4 and outlook
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06:58 EDTCOPU.S. oil prices tumble after inventory data released, Reuters says
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