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Stock Market & Financial Investment News

News Breaks
October 3, 2012
10:22 EDTEXPR, DFS, POT, ERJ, ING, AMRN, MOS, LEAP, TXN, ANNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Ann Inc. (ANN) downgraded to Neutral from Buy at SunTrust... Embraer (ERJ) downgraded to Neutral from Outperform at Cowen... Express (EXPR) downgraded to Neutral from Buy at SunTrust... Mosaic (MOS) downgraded to Neutral from Buy at Lazard Capital... Potash (POT) downgraded to Neutral from Buy at Lazard Capital ... Texas Instruments (TXN) downgraded to Sector Perform from Outperform at Pacific Crest... Amarin (AMRN) downgraded to Neutral from Outperfrom at Wedbush... Discover (DFS) downgraded to Hold from Buy at Argus... Leap Wireless (LEAP) downgraded to Neutral from Overweight at JPMorgan... ING Group (ING) downgraded to Market Perform from Outperform at Keefe Bruyette.
News For ANN;ERJ;EXPR;MOS;POT;TXN;AMRN;DFS;LEAP;ING From The Last 14 Days
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April 22, 2014
07:24 EDTDFSSourceMedia to hold a forum
26th Annual Card Forum & Expo is being held in Orlando on April 22-25.
April 21, 2014
08:16 EDTPOTPossible short-term trading opportunity for fertilizers, says Cowen
Cowen believes a short term trading opportunity may exist for the fertilizer shares heading into the Spring application season. The firm favors the Phosphate, Nitrogen, and Potash nutrients in that order based on supply/demand and grain outlook. Cowen remains cautious on the group longer term due to fundamentals and a lack of any catalysts. They have changed their downside risk limits but have not upgraded any shares.
April 17, 2014
18:27 EDTTXNAMD rallies after results top expectations
Shares of global semiconductor company Advanced Micro Devices (AMD) are advancing in the after-hours session after the company's first quarter results topped analysts' consensus estimates. WHAT'S NEW: After the bell, AMD reported Q1 adjusted earnings per share of 2c and revenue of $1.4B, compared to expectations of 0c and $1.34B, respectively. WHAT'S NOTABLE: The company forecast Q2 revenue flat to up 6%, compared to consensus of $1.36B. For fiscal 2014, the company expects to grow revenue on a year-over-year basis, and be profitable at the net income level. FY14 CapEx is expected to be approximately $120M. PRICE ACTION: In after-hours trading, AMD gained 23c, or about 6.2%, to $3.92. AMD's stock is up about 48% over the past twelve months, not including after-hours trading. OTHERS TO WATCH: Other companies in the semiconductor space space include Intel (INTC), Texas Instruments (TXN), and Micron Technology (MU).
April 16, 2014
17:15 EDTDFSDiscover announces $3.2B share repurchase, increases dividend to 24c per share
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April 15, 2014
16:22 EDTMOSOn The Fly: Closing Wrap
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15:47 EDTANNAnn Inc. leverage buyout 'likely' this year, The Deal says
A leveraged buyout of Ann Inc. is "likely to get done this year," according to industry sources, said The Deal, which listed Golden Gate Capital as the most likely buyer. The report, citing a source, said Ann is already working with a financial adviser. Ann Inc. shares are up about 2% in late day trading. Reference Link
15:45 EDTANNAnn Inc. LBO 'likely to get done' this year, Deal.com says
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13:19 EDTMOSArcher Daniels announces $350M unit sale to Mosaic, other actions
Archer Daniels Midland (ADM) announced three actions in the company’s ongoing portfolio management. ADM has signed an agreement to sell its fertilizer business in Brazil and Paraguay to The Mosaic Company (MOS) for $350M. The transaction consists primarily of five ADM-owned blending facilities in Brazil and Paraguay. The purchase price includes $150M in working capital. As part of the transaction, ADM will purchase fertilizer from Mosaic after the closing and will continue to supply certain fertilizer customers in Brazil and Paraguay. ADM also announced it will pursue the sale of its chocolate business, while retaining the majority of its cocoa press operations. The company has engaged advisers to facilitate the sale process. Finally, ADM announced it will acquire the remaining 20% minority stake of Alfred C. Toepfer International for EUR83M, representing about 1.1x net book value. The proposed transaction, which is occurring through the exercise of a put agreement by Union InVivo, will be subject to customary regulatory approvals. Since 2002, ADM has owned 80% of Toepfer. InVivo will remain a strategic business partner for ADM in Europe.
12:31 EDTMOSMosaic to acquire Archer Daniels' Brazil, Paraguay fertilizer units
Mosaic (MOS) signed definitive agreements with Archer Daniels Midland (ADM) to acquire its fertilizer distribution business in Brazil and Paraguay for $350M. The purchase price assumes the delivery of $150M in working capital at closing. This acquisition is expected to accelerate Mosaic's previously announced growth plans in Brazil as well as replace planned internal investments in that country. Under the terms of the agreement, Mosaic would acquire four blending and warehousing facilities in Brazil, one in Paraguay and additional warehousing and logistics service capabilities. The acquisition of ADM's fertilizer distribution business would increase Mosaic's annual distribution in the region from approximately 4M metric tonnes to about 6M metric tonnes of crop nutrients. The parties have also negotiated the terms of five-year fertilizer supply agreements providing for Mosaic to supply ADM's fertilizer needs in Brazil and Paraguay. Mosaic will fund the acquisition with cash from operations. The transaction is not expected to impact Mosaic's shareholder distribution plans. The proposed sale will be contingent on customary regulatory approvals.
11:44 EDTPOTPotash Corp. advances after report says BHP could make new bid
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10:09 EDTPOTPotash upgraded to Neutral from Sell at Miller Tabak
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09:59 EDTERJEmbraer reports 34 jet deliveries in Q1
During the first quarter of 2014, Embraer delivered 14 jets to the commercial aviation market and 20 to the business aviation market, for a total of 34 aircraft, compared to 29 aircraft delivered in the same period of 2013. On March 31, the firm order backlog totaled $19.2B, an increase of $1B over December 31, 2013.
09:16 EDTPOTOn The Fly: Pre-market Movers
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09:07 EDTPOTPotash volatility expected to move on speculation of being target
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08:26 EDTDFSDiscover reports March charge-offs 1.81% vs. 1.81% last month
Reports March delinquencies 1.57% vs. 1.61% last month.
07:46 EDTPOTPotash Corp. speculated to be targeted again by BHP Billiton, Globe & Mail says
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April 11, 2014
12:42 EDTTXNOn The Fly: Analyst Initiation Summary
ASML (ASML) initiated with a Cautious at ISI Group... Analog Devices (ADI) initiated with a Buy at ISI Group... Applied Materials (AMAT) initiated with a Strong Buy at ISI Group... Aruba Networks (ARUN) initiated with a Buy at SunTrust... Broadcom (BRCM) initiated with a Neutral at ISI Group... CSX (CSX) initiated with an Outperform at Macquarie... Cisco (CSCO) initiated with a Buy at SunTrust... F5 Networks (FFIV) initiated with a Neutral at SunTrust... Genesee & Wyoming (GWR) initiated with a Neutral at Macquarie... Intel (INTC) initiated with a Neutral at ISI Group... Juniper (JNPR) initiated with a Buy at SunTrust... KLA-Tencor (KLAC) initiated with a Neutral at ISI Group... Lam Research (LRCX) initiated with a Strong Buy at ISI Group... Linear Technology (LLTC) initiated with a Cautious at ISI Group... Maxim Integrated (MXIM) initiated with a Neutral at ISI Group... Micron (MU) initiated with a Strong Buy at ISI Group... NVIDIA (NVDA) initiated with a Neutral at ISI Group... NXP Semiconductors (NXPI) initiated with a Strong Buy at ISI Group... Qualcomm (QCOM) initiated with a Strong Buy at ISI Group... Riverbed (RVBD) initiated with a Neutral at SunTrust... SanDisk (SNDK) initiated with a Neutral at ISI Group... Teradyne (TER) initiated with a Buy at ISI Group... Texas Instruments (TXN) initiated with a Neutral at ISI Group... Trulia (TRLA) initiated with a Neutral at Susquehanna... Union Pacific (UNP) initiated with a Neutral at Macquarie... Zillow (Z) initiated with a Positive at Susquehanna... Flamel Technologies (FLML) initiated with a Buy at Roth Capital... Parker Drilling (PKD) initiated with an Accumulate at Tudor Pickering.
April 10, 2014
16:22 EDTTXNTexas Instruments initiated with a Neutral at ISI Group
Target $50.
11:31 EDTEXPROptions with increasing implied volatility: EXPR NEE
07:32 EDTANNAlliance Data signs long-term renewal agreement with Ann Inc.
Alliance Data's (ADS) Retail Services business has signed a long-term renewal agreement to continue providing private label and co-branded credit card services for Ann Inc. (ANN) brands Ann Taylor and LOFT.
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