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Stock Market & Financial Investment News

News Breaks
January 27, 2014
10:00 EDTSRPT, MANU, IDTI, BCRX, ARE, HBNC, XRX, MOS, MNK, IDIX, ANN, VFC, DEI, WCG, TOL, MELI, KBH, CSCO, COP, VNO, LULUOn 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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April 8, 2015
08:56 EDTMNKPerrigo's ANDA for equivalent of Mallinckrodt's Exalgo approved by FDA
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07:44 EDTLULUlululemon upgraded at Sterne Agee
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06:29 EDTLULUlululemon upgraded to Buy from Neutral at Sterne Agee
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April 7, 2015
19:54 EDTCSCOCisco, American Express invest in mobile wallet startup, Economic Times says
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16:55 EDTXRXXerox upgraded to Buy ahead of Q1 results at Citigroup
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16:06 EDTXRXXerox upgraded to Buy from Neutral at Citigroup
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14:27 EDTLULUlululemon CFO impressive in meeting, says KeyBanc
KeyBanc said it was impressed by new lululemon CFO Stuart Haselden in a recent meeting and the firm believes his operational and financial experience should help the company keep improving its operations. The firm repeated that it views lululemon as one of the best product turnaround opportunities within its coverage and it maintains an Overweight rating on the stock.
09:14 EDTIDTIIntegrated Device wireless charging likely above expectations, says Craig-Hallum
After conducting checks, Craig-Hallum says that the checks indicate that Integrated Device's wireless charging orders are likely above expectations. The firm thinks the company's orders for the Apple Watch are beginning to ramp, and predicts that it will report strong results and guidance heading into the May 28 Analyst Day. It reiterates a Buy rating on the shares.
08:20 EDTWCGCowen expects managed care stocks to outperform following CMS release
Cowen expects managed care stocks to outperform today following the CMS release outlining better than expected Medicare Advantage rates for 2016. The firm also sees improved FFS growth rates, maintained coding intensity adjustment, and continued HRA payments. Publicly traded companies in the space include Aetna (AET), Cigna (CI), Health Net (HNT), Humana (HUM), and WellCare (WCG).
07:57 EDTWCGManaged care companies likely to rise on CMS news, says Oppenheimer
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07:41 EDTWCG2016 MA rates positive for first time in seven years, says Deutsche Bank
Deutsche Bank notes that for the first time since 2009, Medicare Advantage rates will be positive after the Centers for Medicare and Medicaid Services announced yesterday that final 2016 rates will rise by 1.25%, representing a 220 basis points favorable swing from the preliminary proposed cut of 0.95%. Deutsche says the positive surprise is "somewhat tempered" by the more cautious view on Medicare cost trends provided by the CMS actuaries in the final 2016 rate announcement. The firm expects Humana (HUM), Health Net (HNT) and UnitedHealth (UNH), Aetna (AET) and Anthem (ANTM) to experience Medicare Advantage rate increases.
07:39 EDTWCGSome managed care stocks could be pressured by CMS decision, says Stifel
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06:43 EDTCOPOil retreats on reports of Iran, China talks, Reuters says
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06:06 EDTMELIMercadoLibre sees Q1 charge of $15M-$18M for foreign exchange
MercadoLibre disclosed last night that on February 10, the Venezuelan government issued a decree that unifies the two previous foreign exchange systems that are frequently referred to as SICAD 1 and SICAD 2 into a new single system denominated SICAD, with an initial public foreign exchange price of 12 Bolivares Fuertes per U.S. dollar. It added, "In light of the disappearance of SICAD 2, and the Company’s inability to gain access to U.S. dollars through the new single system under SICAD, the Company started requesting and has been granted U.S. dollars through SIMADI. As a result, the Company now expects to settle its transactions through SIMADI and has concluded that the SIMADI exchange rate should be used to re-measure its bolivar-denominated." Considering this change in facts and circumstances and the lower U.S. dollar-equivalent cash flows now expected from its Venezuelan business, MercadoLibre is reviewing its long-lived assets, goodwill and intangible assets with indefinite useful life for impairment, and estimates that the carrying value of certain real estate investments in Venezuela as of March 31 will not be fully recoverable. As a result, the company has estimated a one-time charge of approximately $15M-$18M to be recorded in Q1. MercadoLibre also expects to recognize a foreign exchange loss of between $18M-$23M and a deferred income tax gain of between $1.5M-$4.5M derived from the loss on foreign exchange related to the revaluation of its U.S. dollar-denominated liabilities during Q1.
April 6, 2015
14:22 EDTIDTIIntegrated Device initiated with a Buy at Topeka
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08:53 EDTSRPTSarepta risk/reward attractive, says Roth Capital
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07:57 EDTWCGLeerink healthcare services analyst holds analyst/industry conference call
Healthcare Services Analyst Gupte discusses the leverage Anthem likely has in its Pharmacy Benefit Manager (PBM) contract with Express Scripts and how it changes after the Catamaran-Optum Rx deal, the synergy potential for the deal between Catamaran and Optum Rx and the likelihood of Cigna-HS remaining with the newly merged Optum Rx-CTRX on an Analyst/Industry conference call to be held on April 6 at 2 pm.
06:41 EDTCOPOil up after Saudi Arabia increases prices for Asia, Reuters says
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06:07 EDTCSCOSpherix issues update on several matters
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April 5, 2015
18:12 EDTCOPOil falls after tentative nuclear deal for Iran, Reuters says
After a preliminary pact between Iran and world powers on Tehran's nuclear program the price of Brent oil fell nearly 4% on Thursday, says Reuters. 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
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