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Stock Market & Financial Investment News

News Breaks
April 23, 2014
10:01 EDTATHN, PLD, ILMN, GSK, ETFC, AGN, VRX, SPWR, MDSO, HAFC, FLDM, CREE, AEM, WOSYY, TMK, SANM, LL, GLF, EFX, COG, AOS, VSI, TEOn The Fly: Analyst Upgrade Summary
A.O. Smith (AOS) upgraded at BMO Capital... Agnico-Eagle (AEM) upgraded to Outperform from Sector Perform at RBC Capital... Allergan (AGN) upgraded to Overweight from Neutral at JPMorgan... Cabot Oil & Gas (COG) upgraded to Buy from Hold at Societe Generale... Cree (CREE) upgraded to Buy from Hold at Summit Research... E-Trade (ETFC) upgraded to Outperform from Market Perform at Wells Fargo... Equifax (EFX) upgraded at Credit Suisse... Fluidigm (FLDM) upgraded to Buy from Neutral at Mizuho... GlaxoSmithKline (GSK) upgraded to Buy from Hold at Argus... GulfMark Offshore (GLF) upgraded to Buy from Neutral at Global Hunter... Hanmi Financial (HAFC) upgraded to Outperform from Market Perform at Fig Partners... Illumina (ILMN) upgraded to Buy from Hold at Maxim... Lumber Liquidators (LL) upgraded to Buy from Neutral at Longbow... Medidata Solutions (MDSO) upgraded to Buy from Neutral at B. Riley... Prologis (PLD) upgraded to Buy from Neutral at ISI Group... Sanmina (SANM) upgraded to Buy from Hold at Craig-Hallum... SunPower (SPWR) upgraded to Buy from Hold at Deutsche Bank... TECO Energy (TE) upgraded to Neutral from Sell at UBS... Torchmark (TMK) assumed with a Market Perform from Underperform at Keefe Bruyette... Valeant (VRX) upgraded to Buy from Hold at TD Securities... Vitamin Shoppe (VSI) upgraded at Sterne Agee... Wolseley (WOSYY) upgraded to Outperform from Neutral at Credit Suisse... athenahealth (ATHN) upgraded to Overweight from Equal Weight at Morgan Stanley.
News For AOS;AEM;AGN;COG;CREE;ETFC;EFX;FLDM;GSK;GLF;HAFC;ILMN;LL;MDSO;PLD;SANM;SPWR;TE;TMK;VRX;VSI;WOSYY;ATHN From The Last 14 Days
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December 8, 2014
13:32 EDTGSKEpizyme announces results for PRMT5 inhibitor
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11:13 EDTATHNathenahealth volatility elevated into investor meeting
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10:08 EDTATHNathenahealth to host investor meeting
Investor meeting to be held in Watertown, MA on December 11 at 8:30 am. Webcast Link
07:29 EDTAGNUBS to hold investor trip
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07:26 EDTFLDMLeerink to hold a tour
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07:18 EDTAGNUBS to hold investor trip
2014 Annual West Coast Investor Trip travels on the West Coast on December 8-10.
December 5, 2014
10:19 EDTSPWRRumor: SunPower moves up on renewed takeover chatter
06:04 EDTGSKGSK won't pursue divestment of certain brands in established products portfolio
As announced at the companyís Q2 results in July, GSK started a process to consider the divestment of certain North American and European brands in its Established Products Portfolio.The company has evaluated all bids received and has concluded, consistent with its key criteria of maximizing shareholder value, not to pursue divestment of these products.
December 4, 2014
10:08 EDTVSIOn The Fly: Analyst Initiation Summary
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07:56 EDTAGNActavis price target raised to $315 from $266 at Morgan Stanley
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07:20 EDTVSIVitamin Shoppe initiated with an Overweight at Stephens
Target $58.
December 3, 2014
17:33 EDTGSKGSK to shed U.S. jobs as Advair sales slow, Reuters says
GlaxoSmithKline confirmed U.S. job reductions saying "several hundred" commercial and research positions will be eliminated as the company consolidates its operations after the company's Advair sales slowed, says Reuters. Reference Link
16:30 EDTILMNOn The Fly: Closing Wrap
Stocks on Wall Street opened quietly and trading remained muted through another session. Despite a host of economic data, including the Fedís Beige book report, the market moved in a narrow range, albeit toward record levels. The Fedís report confirmed the economy continues to improve, but at a slow pace. ECONOMIC EVENTS: In the U.S., Automatic Data Processing reported private payrolls increased 208k in November, versus expectations for 222K. Q3 nonfarm productivity grew 2.3%, versus expectations for an increase of 2.4%. Markit's final services PMI for November dropped to 56.2, which was below the 56.3 November flash print and down from October's 57.1 reading. The Institute for Supply Management's composite non-manufacturing index jumped to 59.3 in November from 57.1 in October, beating expectations for it to remain unchanged. The Federal Reserve Beige Book stated that the country's economy continued to expand in October and November. Consumer spending rose in most areas and the employment situation improved in many areas, while demand for nonfinancial services rebounded and lending held steady or increased, districts reported to the central bank. COMPANY NEWS: Carbonite (CARB) jumped $2.68, or 22.79%, to $14.44 after J2 Global (JCOM) offered to acquire all of the company's outstanding shares for $15.00 per share in cash. Carbonite's board will carefully "review and consider the offer," the company announced following its receipt of the unsolicited takeover bid. Investors reacted favorably to J2 Global's offer, sending its shares up $3.36, or 5.9%, to $60.33 as well. MAJOR MOVERS: Among the notable gainers was Sequenom (SQNM), which rose 72c, or 23.61%, to $3.77 after the company and a unit of Illumina (ILMN) agreed to settle all their pending infringement claims. Also higher was UTi Worldwide (UTIW), which jumped $2.34, or 20.28%, to $13.88 after Bloomberg, citing people with knowledge of the matter, reported that the company could reach an agreement to sell itself to Denmark-based DSV A/S as soon as this month. Among the noteworthy losers was Puma Biotechnology (PBYI), which sunk $27.33, or 12.15%, to $197.67 after the company delayed the filing for neratinib from the first half of 2015 to Q1 of 2016. Also lower were Class B shares of Brown-Forman (BF.B), which fell $3.75, or 3.91%, to $92.25 after the maker of Jack Danielís and other spirits reported lower than expected earnings and lowered its FY15 EPS view. INDEXES: The Dow rose 33.07, or 0.18%, to 17,912.62, the Nasdaq gained 18.66, or 0.39%, to 4,774.47, and the S&P 500 added 7.78, or 0.38%, to 2,074.33.
16:05 EDTGSKArray BioPharma to regain worldwide rights to Binimetinib
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12:39 EDTILMNOn The Fly: Midday Wrap
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10:47 EDTILMNSequenom settlement positive but reflected in stock price, says Ladenburg
Ladenburg views the settlement reached between Sequenom (SQNM) and Illumina (ILMN) as a near-term positive for Sequenom that gives more clarity on the competitive landscape, lowers its legal expenses and brings in needed capital. However, the firm believes the near-term financial benefit is reflected in the stock's valuation and maintains its Neutral rating on Sequenom shares.
09:23 EDTILMNOn The Fly: Pre-market Movers
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09:04 EDTPLDPrologis signs 139K square foot build-to-suit agreement in Madrid
PrologiS announced it has signed a 139,000 square foot build-to-suit agreement in Madrid with TNT Express. The facility will be located at Puerta de Madrid, a Class-A logistics park 15 minutes from the Madrid city center and adjacent to MadridĖBarajas Airport. The park has direct access to the A2 corridor, which links Madrid, Barcelona and Zaragoza and is one of the most attractive logistics areas in the Spanish market.
08:35 EDTCOGConstitution Pipeline receives FERC approval to construct project
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06:07 EDTILMNIllumina and Sequenom end patent dispute with partnership in prenatal testing
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