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Stock Market & Financial Investment News

News Breaks
February 7, 2014
09:58 EDTXPO, SBUX, NBL, MMP, K, CHRW, CSL, STO, WEX, SNE, NFLX, LULU, EDMC, ANR, LNKD, LLL, HHS, TW, SGNT, MYGN, LII, CMI, OAS, SYTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alpha Natural (ANR) upgraded to Neutral from Sell at Citigroup... C.H. Robinson (CHRW) upgraded to Hold from Sell at Stifel... Cummins (CMI) upgraded to Outperform from Market Perform at Wells Fargo... Education Management (EDMC) upgraded to Market Perform at BMO Capital... Kellogg (K) upgraded to Neutral from Underweight at JPMorgan... Lennox (LII) upgraded to Equal Weight from Underweight at Morgan Stanley... lululemon (LULU) upgraded to Outperform from Sector Perform at RBC Capital... Magellan Midstream (MMP) upgraded to Outperform from Market Perform at Wells Fargo... Myriad Genetics (MYGN) upgraded to Neutral from Underperform at Credit Suisse... Netflix (NFLX) upgraded to Buy from Hold at Stifel... Noble Energy (NBL) upgraded to Buy from Neutral at Mizuho... Sagent Pharmaceuticals (SGNT) upgraded to Buy from Neutral at BofA/Merrill... Sony (SNE) upgraded to Buy from Hold at Jefferies... Starbucks (SBUX) upgraded to Outperform from Market Perform at Wells Fargo... Towers Watson (TW) upgraded to Overweight from Neutral at JPMorgan... WEX Inc. (WEX) upgraded to Neutral from Underweight at JPMorgan... XPO Logistics (XPO) upgraded to Buy from Hold at Stifel... Harte-Hanks (HHS) upgraded to Buy from Hold at Noble Financial... Statoil (STO) upgraded to Focus List from Outperform at Howard Weil... Syngenta (SYT) upgraded to Market Perform from Underperform at Bernstein... L-3 Communications (LLL) upgraded at Cowen... Carlisle (CSL) upgraded to Outperform from Market Perform at BMO Capital... Oasis Petroleum (OAS) upgraded to Buy from Hold at Canaccord... LinkedIn (LNKD) upgraded to Buy from Neutral at SunTrust.
News For ANR;CHRW;CMI;EDMC;K;LII;LULU;MMP;MYGN;NFLX;NBL;SGNT;SNE;SBUX;TW;WEX;XPO;HHS;STO;SYT;LLL;CSL;OAS;LNKD From The Last 14 Days
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February 25, 2015
08:45 EDTSNEEros International announces content partnership with Sony Television
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07:18 EDTSBUXPiper bumps Starbucks price target up to $107
Piper Jaffray raised its price target for shares of Starbucks to $107 from $102 saying it has increased conviction in the achievability of its estimates over the next five years after traveling with management. Piper remains confident in its prediction that Starbucks will double earnings and reach a $100B-plus market capitalization in less than five years. It reiterates an Overweight rating on the stock.
07:17 EDTCMICummins management to meet with UBS
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February 24, 2015
16:34 EDTTWTowers Watson to delist from NYSE, single list with Nasdaq
Towers Watson announced that it has chosen to voluntarily delist its common stock listed on the New York Stock Exchange. This is expected to occur at the close of trading on March 12. Towers Watson will continue its listing with the NASDAQ Stock Market, with trading as a single-listed company expected to begin on the next business day, March 13. Towers Watson’s common stock is already listed on NASDAQ, and will continue to trade under the current ticker symbol “TW.” This action will also reduce administrative costs related to maintaining a dual exchange listing, the company said.
16:28 EDTMYGNMyriad Genetics board approves $200M increase in share buyback program
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13:01 EDTSNETom Rothman to replace Amy Pascal at Sony Pictures, FT reports
Former Fox Filmed Entertainment (FOXA) co-Chairman Tom Rothman will replace Amy Pascal as co-chairman of Sony Pictures (SNE), The Financial Times reports. Sony Entertainment CEO Michael Lynton has extended his contract, the publication notes. Rothman has run Sony's TriStar label since 2013. Reference Link
10:01 EDTNFLXNetflix teams up with Judd Apatow for 'Pee-wee's Big Holiday'
Netflix will premiere exclusively in all of its territories the new feature film, Pee-wee's Big Holiday, starring Paul Reubens as the beloved fun-loving hero of TV, stage and film, Pee-wee Herman. Judd Apatow and Reubens, who worked together to bring the project to fruition, will produce the film. Production is slated to begin in early 2015.
07:15 EDTNFLXNetflix may enter Russia within two years, Hollywood Reporter says
Netflix' head of communications in Europe, Joris Evers, says the company hopes to make its entrance in Russia within the next two years, The Hollywood Reporter says. Reference Link
06:04 EDTSBUXStarbucks to stop selling CDs as it moves to other formats, Mashable says
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February 23, 2015
12:40 EDTSBUXStarbucks pushing China employees to open new stores, WantChinaTimes says
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11:20 EDTSGNTSagent Pharmaceuticals initiates voluntary recall of Atracurium Besylate
Sagent Pharmaceuticals announced the voluntary nationwide recall of two lots of Atracurium Besylate Injection, USP, 50mg/5mL single-dose vials and four lots of Atracurium Besylate Injection, USP, 100mg/10mL multi-dose vials manufactured by Emcure Pharmaceuticals Ltd. and distributed by Sagent. Sagent has initiated this voluntary recall of Atracurium Besylate Injection, USP, 50mg/5mL and 100mg/10mL to the user level due to FDA observations pertaining to aseptic and GMP practices at the manufacturer's site potentially impacting product sterility. Non-sterility of a drug administered via the intravenous route has the potential to result in infections, which could be fatal, especially in patients who are immunocompromised. Sagent has transferred the manufacture of this product to its own facility and this product manufactured at the Sagent facility will not be impacted by the recall. Sagent is not aware of any adverse patient events resulting from the use of the subject product lots. The lot numbers being recalled are VATA012, VATA015 and VATB012, VATB013, VATB014, VATB017 which were distributed to hospitals, wholesalers and distributors nationwide from February 2014 through February 2015. Atracurium Besylate Injection, USP, 50mg/5mL and 100mg/10mL is indicated, as an adjunct to general anesthesia, to facilitate endotracheal intubation and to provide skeletal muscle relaxation during surgery or mechanical ventilation, and is supplied in single-dose and multi-dose vials.
08:51 EDTXPOXPO Logistics added to Top Picks List at FBR Capital
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07:37 EDTNBLCredit Suisse to hold a summit
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07:27 EDTSNESony breach underscored failings in corporate, government cooperation, WSJ says
A Wall Street Journal review of the hack attack on Sony Entertainment shows that the companies and government agencies fighting the hackers based some decisions on little information or consultation since the parties often held too closely to their own interests, illustrating major shortcomings in how the government and companies work together to respond to such attacks. The Journal cites interviews with executives, U.S. officials and people briefed on their conversations in its report. Reference Link
February 20, 2015
12:53 EDTCMICitigroup sees truck carrier stocks poised to outperform
With the U.S. economy growing quickly, the stocks of truck carriers are likely to outperform the S&P 500, Citigroup believes. WHAT'S NEW: Truck transportation prices and truck carrier stocks "respond most directly to economic growth," Citigroup analyst Christian Wetherbee wrote in a note to investors today. After carriers' truckload rates rose 4% last year, the rates should rise by a similar amount this year, Wetherbee predicted. Economic growth, along with the difficulties the carriers are experiencing with recruiting drivers, should be supportive of additional rate increases, the analyst stated. Wetherbee warned that the stocks of truck builders usually underperform during periods such as the current one, when a large amounts of U.S. class 8 trucks are being built. Consequently, truck carrier stocks present investors with an opportunity, while investors should be cautious on truck builders and parts suppliers, he wrote. Among truck carriers, Swift (SWFT) is particularly attractive, since it has underperformed its peers over the last year, Wetherbee stated. Additionally, the company's results appear likely to at least meet consensus estimates, the analyst predicted. He also kept a Buy rating on another truck carrier, Knight Transportation (KNX) and maintained a Buy rating on Cummins (CMI), which builds truck engines. The analyst kept a Hold rating on truck builder PACCAR (PCAR). OTHERS TO WATCH: Navistar (NAV) builds trucks and Celadon (CGI) is another truck carrier. PRICE ACTION: In early afternoon trading, Swift rose 1%, Knight Transportation gained 1.3%, Cummins added 0.7%, and PACCAR lost 0.5%.
09:47 EDTLNKDLinkedIn management to meet with Pacific Crest
Meetings to be held in the Midwest February 26-27 hosted by Pacific Crest.
07:14 EDTLULUOppenheimer to hold a tour
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07:10 EDTSBUXBrean Capital to hold a bus tour
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06:27 EDTCMITrucking stocks likely to outperform S&P 500, says Citigroup
Citigroup says its work indicates trucking stocks respond most directly to economic growth. With the economy on a growth trajectory, Citi expects trucking stocks are likely to outperform the S&P 500. The firm reiterates Buy ratings on Swift Transportation (SWFT) and Knight Transportation (KNX), with a preference for Swift. It also has a Buy rating on Cummins (CMI) and Neutral on PACCAR (PCAR).
06:11 EDTSNESony may be contemplating replacing CEO Hirai with CFO Yoshida, NY Post says
Sony may be considering replacing CEO Kaz Hirai with current CFO Kenichiro Yoshida, reports the New York Post, citing several Hollywood sources. Yoshida has received heavy media praise for his restructuring efforts and is currently set to add the title of executive deputy president in April. The article emphasizes that this is speculation among Hollywood figures. Reference Link
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