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Stock Market & Financial Investment News

News Breaks
February 11, 2013
10:14 EDTTFX, SSD, MNRO, RNST, WFC, KR, BPL, NVO, STR, USB, VMW, TSO, SWFT, MRTN, FUL, ATRO, NKE, BBVA, AOL, KNX, HTLD, GPKOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AOL (AOL) upgraded to Outperform from Sector Perform at RBC Capital... Astronics (ATRO) upgraded to Buy from Hold at KeyBanc... Banco Bilbao (BBVA) upgraded to Neutral from Underweight at JPMorgan... Graphic Packaging (GPK) upgraded to Buy from Hold at Deutsche Bank... H.B. Fuller (FUL) upgraded to Buy from Hold at Deutsche Bank... Heartland Express (HTLD) upgraded to Buy from Hold at KeyBanc... Knight Transportation (KNX) upgraded to Buy from Hold at KeyBanc... Marten Transport (MRTN) upgraded to Buy from Hold at KeyBanc... Nike (NKE) upgraded to Overweight from Neutral at JPMorgan... Questar (STR) upgraded to Equal Weight from Underweight at Morgan Stanley... Renasant (RNST) upgraded to Outperform from Market Perform at Keefe Bruyette... Swift Transportation (SWFT) upgraded to Buy from Hold at KeyBanc... Novo Nordisk (NVO) upgraded to Buy from Neutral at Nomura... Monro Muffler (MNRO) upgraded to Buy from Neutral at ISI Group... Tesoro (TSO) upgraded to Buy from Neutral at BofA/Merrill... Buckeye Partners (BPL) upgraded to Neutral from Sell at Citigroup... Simpson Manufacturing (SSD) upgraded to Buy from Neutral at DA Davidson... VMware (VMW) upgraded to Overweight from Equal Weight at Evercore... Kroger (KR) upgraded to Neutral from Sell at Goldman... Teleflex (TFX) upgraded to Overweight from Equal Weight at Morgan Stanley... U.S. Bancorp (USB) upgraded to Hold from Sell at Stifel Nicolaus... Wells Fargo (WFC) upgraded to Buy from Hold at Stifel Nicolaus.
News For AOL;ATRO;GPK;BBVA;FUL;HTLD;NKE;MRTN;KNX;STR;RNST;SWFT;NVO;MNRO;TSO;BPL;SSD;VMW;KR;TFX;USB;WFC From The Last 14 Days
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November 11, 2014
05:28 EDTBBVABanco Bilbao upgraded to Buy from Reduce at Nomura
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November 10, 2014
16:07 EDTBBVAUBS to hold a conference
UBS European Conference is being held in London, England on November 11-12.
15:54 EDTTFXAmerican Society of Nephrology to hold a conference
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07:12 EDTWFCCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
06:53 EDTUSBBank of America, U.S. Bancorp settle bond trustee class action, Reuters says
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06:46 EDTWFC, USBRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
06:17 EDTNKENike price target raised to $107 from $93 at Citigroup
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November 7, 2014
10:00 EDTNKEOn The Fly: Analyst Initiation Summary
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08:07 EDTBPLBuckeye Partners reports Q3 EPS 89c, consensus 88c
Reports Q3 revenue $1.57M, consensus $1.41B.
07:19 EDTTSOPossible acquirers inspect Citgo refineries, Reuters says
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06:53 EDTNKENike initiated with a Market Perform at FBR Capital
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06:48 EDTNVONovo Nordisk has a conference call hosted by JPMorgan
JPMorgan Analyst Gordon will host a conference call with CFO Jesper Brandgaard on November 14 at 10 am.
06:18 EDTAOLAOL downgraded to Neutral from Buy at Citigroup (yesterday)
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November 6, 2014
16:43 EDTNKENike says Adrian Peterson 'no longer a Nike athlete,' DJ reports
14:14 EDTAOLAOL downgraded to Neutral from Buy at Citigroup
13:57 EDTAOLAOL Q3 display advertising weaker than expected, says Cantor
Cantor Fitzgerald lowered its price target for AOL shares to $48 from $50 saying the company's Q3 Brand Group display advertising revenue was weaker than expected. The firm keeps a Buy rating on the stock, however, believing the valuation doesn't reflect the strength of AOL Networks over time.
13:04 EDTVMWEarnings Preview: Analysts positive on NVIDIA ahead of Q3 earnings report
NVIDIA (NVDA) is expected to report third quarter earnings after the close on Thursday, November 6, with a conference call scheduled for 5:00 pm ET. NVIDIA is a semiconductor manufacturer that produces graphics chips used in personal computers as well as mobile processors used in cell phones and tablets. EXPECTATIONS: Analysts are looking for earnings per share of 29c on revenue of $1.2B. The consensus range is 27c-31c for EPS on revenue of $1.2B-$1.22B, according to First Call. In its last earnings report, NVIDIA said it expects Q3 revenue of $1.2B, plus or minus 2%, which was higher than analysts' consensus of $1.16B at the time. LAST QUARTER: On August 6, NVIDIA reported second quarter EPS of 30c, which beat the consensus forecast of 20c, on revenue of $1.1B, which matched analysts consensus of $1.1B. COMPANY NEWS: On August 26, NVIDIA, VMWare (VMW) and Google (GOOG) announced a collaboration to deliver high-performance virtual desktops and workstation-class graphic on Google Chromebooks. The partnership is anticipated to broaden the hardware options for high-performance virtual desktops. On September 4, NVIDIA announced that it filed complaints against Samsung (SSNLF) and Qualcomm (QCOM) at the International Trade Commission and in the U.S. District Court in Delaware, alleging that the companies were both infringing NVIDIA GPU patents covering technology including programmable shading, unified shaders and multithreaded parallel processing. The identified Samsung products included the Galaxy Note Edge, Galaxy Note 4, Galaxy S5, Galaxy Note 3 and Galaxy S4 mobile phones and the Galaxy Tab S, Galaxy Note Pro and Galaxy Tab 2 computer tablets. STREET RESEARCH: On August 8, Needham upgraded NVIDIA to Buy from Hold. The firm believed that the change in the company's strategy reduced its earnings volatility and raised its margins, while the stock's decline has created a good entry point. The firm also noted that the company reported better than expected results and provided stronger than expected guidance. NVIDIA announced that it had filed graphics processing units patent infringement lawsuits against both Samsung and Qualcomm, Stifel said on September 5 that the lawsuits could at a minimum cause other companies to conclude licensing deals with NVIDIA. The firm kept a $22 price target and Buy rating on NVIDIA. After NVIDIA (NVDA) filed lawsuits against Qualcomm (QCOM) and Samsung, JMP Securities noted that there was a good chance that NVIDIA would obtain a favorable ruling or settlement that is equal or greater to the $1.5B deal it cut with Intel (INTC). The firm thought that other companies, most notably Apple (AAPL), would launch talks with NVIDIA in the wake of the lawsuit. JMP Securities recommended buying NVIDIA ahead of upcoming Apple product refreshes and what it sees as accelerating growth trends for NVIDIA. The firm was upbeat about NVIDIA's new products and reiterated an Outperform rating. Pacific Crest upgraded NVIDIA to Sector Perform from Underperform on November 3. The firm expected the company's share gains in high end desktop GPU and AMD's (AMD) product delays to enable NVIDIA's results to meet or exceed consensus estimates in the near to medium term. PRICE ACTION: Since issuing preliminary earnings on August 6, shares of NVIDIA are up over 12.5%. During late-morning trading, shares of NVIDIA are down fractionally to $20.02.
11:24 EDTWFCHSBC, JPMorgan highest on FSB list of global systemically important banks
The Financial Stability Board published its updated list of global systemically important banks, placing HSBC (HSBC) and JPMorgan (JPM) in its highest "bucket" corresponding to required level of additional loss absorbency. Both of those banks were placed in bucket 4, which is associated with 2.5% in additional loss absorbency required. Banks in the next category, or bucket 3, include Barclays (BCS), BNP Paribas (BNPQY), Citigroup (C) and Deutsche Bank (DB). Other banks included on the updated list include Bank of America (BAC), Credit Suisse (CS), Goldman Sachs (GS), Morgan Stanley (MS), RBS (RBS), BNY Mellon (BK), ING Groep (ING), Banco Santander (SAN), Societe Generale (SCGLY), Standard Chartered (SCBFF), State Street (STT), UBS (UBS), and Wells Fargo (WFC). Of note, UBS is now in the lowest bucket, associated with 1% additional loss absorbency required. Reference Link
07:02 EDTAOLAOL reports Q3 adjusted EPS 52c, consensus 52c
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06:28 EDTNKENike to launch LeBron James shoes on December 1, WSJ reports
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