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News Breaks | | | | January 3, 2013 | | 10:00 EDT |  | FDO, LYB, CY, AOS, CCO, WLP, SBAC, LSI, BIIB, STI, UNH, MS, ALTR, AMD, WAT, AFL, GEVA | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: A.O. Smith (AOS) downgraded to Neutral from Buy at Janney Capital... AMD (AMD) downgraded to Underweight from Equal Weight at Barclays... Altera (ALTR) downgraded to Equal Weight from Overweight at Barclays... Biogen (BIIB) downgraded to Neutral from Overweight at Piper Jaffray... Cypress Semiconductor (CY) downgraded to Equal Weight from Overweight at Barclays... LSI Corp. (LSI) downgraded to Equal Weight from Overweight at Barclays... LyondellBasell (LYB) downgraded to Neutral from Buy at Citigroup... Morgan Stanley (MS) downgraded to Reduce from Neutral at SunTrust... SBA Communications (SBAC) downgraded to Neutral from Outperform at Macquarie... Synageva (GEVA) downgraded to Neutral from Overweight at Piper Jaffray... UnitedHealth (UNH) downgraded to Hold from Buy at Deutsche Bank... Wellpoint (WLP) downgraded to Hold from Buy at Deutsche Bank... Aflac (AFL) downgraded to Neutral from Overweight at JPMorgan... SunTrust (STI) downgraded to Market Perform from Outperform at Raymond James... Clear Channel Outdoor (CCO) downgraded to Underperform from Neutral at Wedbush... Waters (WAT) downgraded to Market Perform from Outperform at Leerink... Family Dollar (FDO) downgraded to Market Perform from Outperform at Raymond James. | |
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News For AOS;AMD;BIIB;CY;ALTR;LSI;LYB;MS;SBAC;GEVA;UNH;WLP;AFL;STI;CCO;WAT;FDO From The Last 14 Days Check below for free stories on AOS;AMD;BIIB;CY;ALTR;LSI;LYB;MS;SBAC;GEVA;UNH;WLP;AFL;STI;CCO;WAT;FDO the last two weeks. |
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| May 17, 2013 | | 14:56 EDT |  | AFL | Aflac to host financial analyst briefing
 Subscribe for More Information | | | 14:29 EDT |  | STI | SunTrust gets judge to block $13M arbitration, Reuters says
Subscribe for More Information | | | 12:10 EDT |  | AMD | Stocks with call strike movement; AMD CLF
Subscribe for More Information | | | 09:11 EDT | | ALTR | Altera management to meet with Deutsche Bank
Meeting to be held in Kansas City on May 17 hosted by Deutsche Bank. | | | 06:49 EDT |  | SBAC | SBA Communications initiated with an Overweight at Barclays
Subscribe for More Information | | | May 16, 2013 | | 18:49 EDT | | MS | Senior holders may face first CMBS losses since crisis, WSJ reports
Subscribe for More Information | | | 16:29 EDT |  | AMD | On The Fly: Closing Wrap
Stocks on Wall Street were lower following some disappointing economic data and a hint from a regional Fed president that the central bank may taper its easing program in the coming months. The averages traded in a narrow range for much of the session before moving lower in the final hour of trading. Comments by San Francisco Fed president John Williams late in the afternoon, suggesting that the central bank may begin slowing its bond buying pace by the summer, may have spurred the late session selling. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares added $2.66, or 12.54%, to $23.87 to lead the blue chip index after the company's results beat expectations on the top and bottom lines. Wal-Mart fell $1.36, or 1.7%, to $78.50 after its first quarter earnings sand second quarter outlook missed the consensus forecast... Tesla Motors (TSLA) last night announced a stock and debt offering of more than $800M, with CEO Elon Musk announcing his intent to buy $100M of the offering, and shares of the electric car maker added $7.36, or 8.67%, to $92.20. MAJOR MOVERS: Among notable gainers was Aegerion (AEGR), up $14.73, or 31.37%, to $61.70 after the company said its Juxtapid treatment may have a $1B global market opportunity and at least two analyst firms raised their price targets on its shares. Also higher was Constellation Brands (STZ), up $1.52, or 3.03%, to $51.76 after the stock was upgraded at Stifel and ISI Group. Among noteworthy losers following analyst downgrades were AMD (AMD), which fell 55c, or 12.56%, to $3.83 after Goldman downgraded the stock to Sell, and CSC (CSC), which slid $2.12, or 4.74%, to $42.59 after being cut to Hold at Deutsche Bank. Also lower following its quarterly report was NetQin Mobile (NQ), down 72c, or 7.5%, to $8.88. INDICES: The Dow was down 42.47, or 0.28%, to 15,233.22; the Nasdaq was down 6.38, or 0.18%, to 3,465.24; and the S&P 500 was down 8.31, or 0.50%, to 1,650.47. | | | 12:24 EDT | | AMD | On The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80. | | | 12:00 EDT |  | AMD | AMD falls 13.9%
AMD is down 13.9%, or 61c, to $3.77 | | | 11:37 EDT | | AMD | Stocks with call strike movement; AMD BBY
AMD (AMD) October 4.5 call volatility increased 4% to 58, Best Buy (BBY) June 30 call option implied volatility increased 3% to 63 according to IVolatility. | | | | 10:44 EDT |  | ALTR | Cisco results give boost to semiconductor names
Subscribe for More Information | | | 10:03 EDT | | FDO, AMD | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 10:00 EDT | | AMD | AMD falls 13.2%
Subscribe for More Information | | | 09:19 EDT | | AMD | On The Fly: Pre-market Movers
Subscribe for More Information | | | 08:33 EDT | | STI | BofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. | | | 08:30 EDT | | FDO | Family Dollar downgraded to Neutral from Buy at Buckingham
Subscribe for More Information | | | 08:28 EDT | | GEVA | Synageva has a conference call hosted by JPMorgan
Subscribe for More Information | | | 07:29 EDT | | BIIB | Leerink to host a bus tour
Boston Biopharma Bus Tour travels throughout Boston on May 16-17. | | | 07:07 EDT |  | ALTR | Cisco results positive for communications semi space, says William Blair
Subscribe for More Information | | | 06:41 EDT | | MS | Big banks to benefit from U.S. concession on derivatives, NY Times says
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