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Stock Market & Financial Investment News

News Breaks
December 10, 2012
10:09 EDTZGNX, MSW, X, OMC, GTI, GWAY, SM, NBL, FBR, ACGL, WPPGY, PUBGY, MHP, APAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Apache (APA) downgraded to Hold from Buy at Deutsche Bank... Fibria Celulose (FBR) downgraded to Sell from Neutral at Citigroup... GrafTech (GTI) downgraded to Hold from Buy at Jefferies... McGraw-Hill (MHP) downgraded to Neutral from Buy at Lazard Capital... Noble Energy (NBL) downgraded to Neutral from Buy at Sterne Agee... Omnicom (OMC) downgraded to Hold from Buy at Deutsche Bank... Publicis (PUBGY) downgraded to Sell from Hold at Deutsche Bank... SM Energy (SM) downgraded to Hold from Buy at Deutsche Bank... U.S. Steel (X) downgraded to Underperform from Neutral at Longbow... WPP PLC (WPPGY) downgraded to Hold from Buy at Deutsche Bank... Greenway Medical (GWAY) downgraded to Underperform from Neutral at Sterne Agee... Corcept Therapeutics (MHP) downgraded to Neutral from Outperform at Cowen... Arch Capital (ACGL) downgraded to Hold from Buy at Stifel Nicolaus.. Mission West Properties (MSW) downgraded to Hold from Buy at Stifel Nicolaus... Zogenix (ZGNX) downgraded to Hold from Buy at Stifel Nicolaus.
News For APA;FBR;GTI;MHP;NBL;OMC;PUBGY;SM;X;WPPGY;GWAY;MSW;ACGL;ZGNX From The Last 14 Days
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March 24, 2015
14:28 EDTNBLTamar owners to sign natural gas supply deals, Globes says
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March 23, 2015
10:00 EDTAPAOn The Fly: Analyst Downgrade Summary
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09:01 EDTWPPGYOgilvy & Mather and Hogarth Worldwide announce global production agreement
Ogilvy & Mather announced that it has come together with Hogarth Worldwide, a sister WPP company, to launch H&O - a new company that aims to bring the resources and technology together.
08:15 EDTAPAApache downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Apache to Neutral after resuming coverage of the stock and cut its price target for shares to $60 from $74.
07:11 EDTXU.S. Steel shares at a discount to asset value, says Macquarie
Macquarie lowered Outperform rated U.S. Steel estimates and reduced its price target to $33 from $48 based on $480 HRC price expectations through the end of the year but said shares trade at a discount to asset value.
March 19, 2015
11:24 EDTXStocks with call strike movement; X RIG
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March 18, 2015
13:13 EDTNBLAnalyst recommends buying top E&P names before crude finds its bottom
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11:07 EDTZGNXBroadfin Capital reports 7.0% passive stake in Zogenix
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07:21 EDTNBLE&P stocks should be bought on weakness, says Stifel
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06:51 EDTNBLTamar partners sign deal with Egyptian company, Globes says
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March 17, 2015
11:38 EDTWPPGYWPP CEO confirms interest in Tesco Dunnhumby unit, City A.M. says
WPP (WPPGY) CEO Martin Sorrell confirmed the company is interested in acquiring Tesco's (TSCDY) Dunnhumby data unit, estimated to be worth as much as $2B, reports City A.M., citing statements given at the Media & Telecoms conference in London. Sorrell noted he was specifically interested in the company's Clubcard loyalty program. Tesco is likely to pursue a majority stake selloff rather than full divestiture, notes the article. Reference Link
10:45 EDTXStocks with call strike movement; X BBRY
U.S. Steel (X) March 24 call option implied volatility increased 8% to 52, BlackBerry (BBRY) September 11 call option implied volatility decreased 2% to 50 according to IVolatility.
10:00 EDTSMOn The Fly: Analyst Upgrade Summary
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09:12 EDTSMSM Energy upgraded to Buy from Accumulate at Global Hunter
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March 16, 2015
12:42 EDTXU.S. Steel trades lower with peers, levels to watch
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12:39 EDTXSteels stocks lower after report of rising China exports, analyst note
Steel stocks are lower after a Wall Street Journal report on increasing Chinese steel exports and an analyst note that lowered price targets on the sector. WHAT'S NEW: A Wall Street Journal report from Sunday night pointed out that China's steel exports rose 63% to 9.2M tons in January from a year earlier. China produces as much steel as the rest of the world combined and as the country's growth slows it is shipping its excess steel overseas, resulting in lower prices and spurring steel producers around the globe to seek government protection. ANALYST VIEW: In a note to investors, Jefferies said steel fundamentals stayed challenging throughout the first quarter and the firm lowered its price targets on a number of names in the sector to account for its reduced estimates. Jefferies lowered its price target on U.S. Steel (X) to $21 from $26, cut its price target on Schnitzer Steel (SCHN) to $17 from $20, reduced its price target on Nucor (NUE) to $57 from $61, and trimmed its target on AK Steel (AKS) to $3.75 from $4.75. Jefferies noted that a majority of its contacts expect steel prices to trough sometime in the second quarter and the firm said it believes "mini-mill" producers like Steel Dynamics (STLD) and Nucor are best positioned in the group. PRICE ACTION:In midday trading, United States Steel is down 1.24%, AK Steel is lower by 2%, Schnitzer Steel Industries is down 4.3%, Steel Dynamics is down 0.96%, and Nucor is up fractionally.
11:49 EDTXChina steel exports set to rise from last year's level, WSJ says
As China's economy slows it is exporting its excess steel in greater amounts and is causing a backlash from other steel producers who are seeking government protection from falling prices, says the Wall Street Journal. China's steel exports in January were up 63% to 9.2M tons from a year earlier, added the Wall Street Journal. Publicly traded companies in the space include U.S. Steel (X), AK Steel (AKS), Steel Dynamics (STLD) and Nucor Corporation (NUE). Reference Link
08:11 EDTXSteel seen as likely to bottom in Q2 after weak Q1, says Jefferies
Jefferies said steel fundamentals stayed challenging throughout Q1 and the firm lowered its price targets on a number of names in the sector to account for its reduced estimates. Jefferies lowered its price target on U.S. Steel to $21 from $26, cut its price target on Schnitzer Steel (SCHN) to $17 from $20, reduced its price target on Nucor (NUE) to $57 from $61 and trimmed its target on AK Steel to $3.75 from $4.75. Jefferies noted that a majority of it contacts expect steel prices to trough sometime in Q2 and the firm said it believes "mini-mill" producers like Steel Dynamics (STLD) and Nucor are best positioned in the group.
07:16 EDTWPPGYConsumer Analyst Group of Europe to hold a conference
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06:54 EDTWPPGYWPP in race to buy majority stake in Dunnhumby, Telegraph reports
According to sources, WPP PLC (WPPGY) has entered the race to buy a majority stake in Tesco (TSCDY)-owned consumer behavior tracker Dunnhumby, The Telegraph reports. Dunnhumby could be valued at up to GBP2B, the publication says. Reference Link
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