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Stock Market & Financial Investment News

News Breaks
May 20, 2014
10:00 EDTAPD, TSCDY, ONEXF, GD, CPB, RYAAY, MCP, DTV, APC, QCOR, JCP, DKSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Air Products (APD) downgraded to Hold from Buy at BGC Financial... Anadarko (APC) downgraded to Equalweight from Overweight at Barclays... Campbell Soup (CPB) downgraded to Underperform from Neutral at Credit Suisse... Dick's Sporting (DKS) downgraded to Neutral from Buy at SunTrust... DirecTV (DTV) downgraded to Equal Weight from Overweight at Morgan Stanley... General Dynamics (GD) downgraded to Hold from Buy at Argus... J.C. Penney (JCP) downgraded to Underperform from Market Perform at Wells Fargo... LifeLock (LOCK) downgraded to Neutral from Buy at Goldman... Molycorp (MCP) downgraded to Underweight from Equal Weight at Morgan Stanley... Onex (ONEXF) downgraded to Sector Performer from Outperformer at CIBC... Questcor (QCOR) downgraded to Neutral from Buy at Mizuho... Ryanair (RYAAY) downgraded to In-Line from Outperform at Imperial Capital... Tesco (TSCDY) downgraded to Hold from Buy at Jefferies.
News For APD;APC;CPB;DKS;DTV;GD;JCP;MCP;ONEXF;QCOR;RYAAY;TSCDY From The Last 14 Days
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June 25, 2015
13:03 EDTMCPMolycorp common stock to move to OTC trading
Molycorp announced that its common stock will be quoted on over-the-counter markets immediately under the symbol MCPIQ. The company expects to be notified by the NYSE via delisting letter over the next several days.
11:50 EDTAPCAnadarko, Jera in talks over Mozambique long-term gas import deal, Reuters says
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05:50 EDTMCPMolycorp files for Chapter 11 bankruptcy protection
Molycorp announced that it has executed a restructuring support agreement with creditors that hold over 70% of the aggregate principal amount of the company's 10% senior secured notes. The agreement provides for a financial restructuring of the company's $1.7B in debt and provides up to $225M in gross proceeds in new financing to support operations while the company completes negotiations with creditors. To facilitate its financial restructuring, Molycorp and its North American subsidiaries filed voluntary petitions under Chapter 11 of the Bankruptcy Code in U.S. Bankruptcy Court for the District of Delaware. The companyís operations outside of North America, with the exception of non-operating companies in Luxembourg and Barbados, are excluded from the filings. Molycorp Rare Metals, with operations in Quapaw, Oklahoma, also is excluded from the filings as it is not 100% owned by the company. Molycorp has obtained commitments from a group of its 10% senior secured noteholders, led by JHL Capital Group, JMB Capital Partners and QVT Financial, for up to $225M in gross proceeds of debtor-in-possession financing, subject to court approval, which will be used to support operations during the Chapter 11 period. Approximately $40M of this amount is expected to be made available to the company immediately after an initial court hearing, with approximately another $90M available subject to court approval at a further hearing at the end of the first month of the case. The remainder is available on a delayed basis and subject to lender conditions. "Employees are working their usual schedules. Purchasing of goods and services will continue, with all purchases made after today's filings granted a special administrative priority under the law," Molycorp said. It expects to receive notice from the New York Stock Exchange that its shares will be delisted from the NYSE within nine calendar days of notification. It expects that its shares will be traded on the OTC Pink Sheets exchange.
June 24, 2015
15:53 EDTDKSSunTrust identifies the most likely M&A activity in specialty retail
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10:26 EDTJCPStocks with call strike movement; TWTR JCP
Twitter (TWTR) December 40 call option implied volatility increased 1% to 44, J.C. Penney (JCP) November 20 call option implied volatility decreased 5% to 42 according to IVolatility.
10:00 EDTGDGeneral Dynamics receives $219M order for US Army's WIN-T increment 2 systems
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09:02 EDTAPDAir Products LNG technology elected for Freeport LNG terminal facility
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June 23, 2015
16:05 EDTMCPMolycorp, MCP Exchangeco report postponement of FY15 annual meetings of holders
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05:41 EDTDTVAT&T upgraded to Buy from Neutral at UBS
UBS analyst John Hodulik upgraded AT&T (T) to Buy citing an attractive valuation at current share levels. Hodulik expects the phone giant's core domestic wireless business to show "meaningful improvement" in Q2. He also thinks financial benefits from the DirecTV (DTV) acquisition are being underappreciated by the market. Hodulik raised his price target for AT&T shares to $42 from $34. The stock was also upgraded this morning by Barclays analyst Amir Rozwadowski. AT&T shares closed yesterday up 5c to $35.04.
05:35 EDTDTVAT&T upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Amir Rozwadowski upgraded AT&T (T) to Overweight saying earnings estimates should move higher following the close of the DirecTV (DTV) acquisition. After visiting AT&T's headquarters, Rozwadowski believes synergies from the deal are "too material to ignore." He raised his price target for AT&T shares to $39 from $34. The stock closed yesterday up 5c to $35.04.
June 22, 2015
09:52 EDTDTVKimberly-Clark names DirecTV CEO Michael White to board of directors
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08:06 EDTTSCDYNCR selected by Tesco Malaysia to bring self-checkout to the country
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05:53 EDTMCPStocks with implied volatility movement; MCP NCR
Stocks with implied volatility movement; Molycorp (MCP) 536, NCR Corp. (NCR) 41 according to iVolatility.
June 21, 2015
19:10 EDTTSCDYTesco to cut 500-600 IT jobs in India, Economic Times says
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June 18, 2015
10:20 EDTTSCDYGoogle in talks for combined Dunnhumby bid, Sky News reports
Google (GOOG) is in talks with buyout firm Permira regarding a possible combined bid for Tesco (TSCDY) unit Dunnhumb, Mark Kleinman of Sky News reports. Reference Link
June 17, 2015
17:24 EDTGDGeneral Dynamics awarded $200M government contract
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15:31 EDTGDGeneral Dynamics awarded $43M contract
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10:00 EDTTSCDYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AbbVie (ABBV) initiated with an Overweight at Piper Jaffray... Arista Networks (ANET) initiated with a Buy at Sterne Agee CRT... Astec (ASTE) initiated with a Buy at Maxim... Bristol-Myers (BMY) initiated with an Underweight at Piper Jaffray... Community Healthcare (CHCT) initiated with an Outperform at Oppenheimer... Eli Lilly (LLY) initiated with an Overweight at Piper Jaffray... Fitbit (FIT) initiated with a Buy ahead of IPO at Dougherty... Hortonworks (HDP) initiated with a Buy at Mizuho... II-VI (IIVI) initiated with a Buy at Benchmark Co.... J Sainsbury (JSAIY) initiated with an Underperform at Credit Suisse... McDermott (MDR) initiated with an Outperform at Cowen... Merck (MRK) initiated with a Neutral at Piper Jaffray... Molina Healthcare (MOH) initiated with a Buy at UBS... Pacific DataVision (PDVW) initiated with a Buy at Canaccord... Pfizer (PFE) initiated with an Overweight at Piper Jaffray... Quest Resource (QRHC) initiated with a Buy at Roth Capital... Regional Management (RM) initiated with a Buy at Janney Capital... Rofin-Sinar (RSTI) initiated with a Buy at Benchmark Co.... Salesforce (CRM) initiated with a Neutral at Exane BNP Paribas... Sprouts Farmers Markets (SFM) initiated with a Neutral at Cleveland Research... Tesco (TSCDY) initiated with an Underperform at Credit Suisse... WM Morrison (MRWSY) initiated with a Neutral at Credit Suisse... WWE (WWE) initiated with a Buy at BTIG... World Acceptance (WRLD) initiated with a Buy at Janney Capital... Zafgen (ZFGN) initiated with a Buy at SunTrust.
06:01 EDTDTVUIEvolution and DirecTV partner to provide guest entertainment solution
UIEvolution announced a partnership with DIRECTV to integrate the companyís technology platform, UIE ExperienceManager, with DIRECTVís Residential Experience and COM2000 products in the launch of Guest Welcome Screen PRO.
05:25 EDTTSCDYTesco initiated with an Underperform at Credit Suisse
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