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Stock Market & Financial Investment News

News Breaks
February 19, 2014
10:00 EDTPKY, ESS, CBNJ, DG, YOKU, SMI, SCTY, NPSP, DRC, CPN, CA, FRX, FSM, SM, KNX, CNW, APL, SVLC, MERC, VALOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Atlas Pipeline Partners (APL) downgraded to Equal Weight from Overweight at Barclays... Calpine (CPN) downgraded to Neutral from Buy at UBS... Cape Bancorp (CBNJ) downgraded to Neutral from Buy at Sterne Agee... Con-way (CNW) downgraded to Hold from Buy at Wunderlich... Dresser-Rand (DRC) downgraded to Equal Weight from Overweight at Morgan Stanley... Essex Property Trust (ESS) downgraded to Hold from Buy at Cantor... Knight Transportation (KNX) downgraded to Hold from Buy at Wunderlich... NPS Pharmaceuticals (NPSP) downgraded to Hold from Buy at Jefferies... Parkway Properties (PKY) downgraded to Market Perform from Outperform at BMO Capital... SM Energy (SM) downgraded to Hold from Buy at KeyBanc... SolarCity (SCTY) downgraded to Neutral from Outperform at RW Baird... Valspar (VAL) downgraded to Equal Weight from Overweight at First Analysis... Fortuna Silver Mines (FSM) downgraded to Sector Perform from Outperform at Scotia... Semiconductor Manufacturing (SMI) downgraded to Neutral from Overweight at JPMorgan... Mercer (MERC) downgraded to Reduce from Hold at TD Securities... Forest Labs (FRX) downgraded to Fair Value from Buy at CRT Capital... Youku Tudou (YOKU) downgraded to Sell from Hold at Maxim... SilverCrest (SVLC) downgraded to Neutral from Buy at Roth Capital... CA Technologies (CA) downgraded to Underperform from Market Perform at Cowen... Dollar General (DG) downgraded to Market Perform from Outperform at Wells Fargo.
News For APL;CPN;CBNJ;CNW;DRC;ESS;KNX;NPSP;PKY;SM;SCTY;VAL;FSM;SMI;MERC;FRX;YOKU;SVLC;CA;DG From The Last 14 Days
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February 8, 2016
10:00 EDTESSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Amedisys (AMED) upgraded to Outperform from Perform at Oppenheimer... American Campus (ACC) upgraded to Buy at Canaccord... Beacon Roofing (BECN) upgraded to Strong Buy from Outperform at Raymond James... Big 5 Sporting (BGFV) upgraded on potential Sports Authority closures at Stifel... CenterState Banks (CSFL) upgraded to Outperform from Market Perform at Fig Partners... Cisco (CSCO) upgraded to Neutral from Underperform at Macquarie... Dollar Tree (DLTR) upgraded to Outperform from Market Perform at Telsey Advisory... Dow Chemical (DOW) upgraded to Positive from Neutral at Susquehanna... Essex Property Trust (ESS) upgraded to Buy from Neutral at Mizuho... Globant (GLOB) upgraded to Buy from Neutral at Citi... Kinross Gold (KGC) upgraded on valuation, higher gold price at BMO Capital... L Brands (LB) upgraded to Buy from Hold at Brean Capital... Marvell (MRVL) upgraded to Buy from Sell at B. Riley... Munich Re (MURGY) upgraded to Neutral from Underperform at Credit Suisse... OM Asset Management (OMAM) upgraded to Buy from Neutral at Citi... Orbital ATK (OA) upgraded to Overweight from Sector Weight at KeyBanc... SCANA (SCG) upgraded to Buy from Neutral at Mizuho... Sensient (SXT) upgraded to Buy from Hold at Gabelli... St. Jude Medical (STJ) upgraded to Hold from Sell at Canaccord... Suffolk Bancorp (SCNB) upgraded to Outperform from Market Perform at Fig Partners... Supernus (SUPN) upgraded to Buy from Hold at Jefferies... Ultimate Software (ULTI) upgraded to Outperform from Market Perform at FBR Capital... ZAGG (ZAGG) upgraded to Outperform from Market Perform at Northland... athenahealth (ATHN) upgraded to Buy from Hold at Topeka.
07:26 EDTSCTYDeutsche reiterates Buy rating, $64 target on SolarCity
Deutsche Bank analyst Vishal Shah reiterates a Buy rating on SolarCity with a $64 price target in a research note addressing recent investor concerns. The seller of renewable energy closed Friday up 8c to $29.57. The shares are likely pricing in a worst case scenario, Shah tells investors. He believes the recent five-year extension of the federal Investment Tax Credit for solar could add $30 of incremental equity value. The analyst also believes concerns around SolarCity's availability of capital to achieve 2016 installation targets maybe overblown. The company has sufficient access to tax equity markets and can sell operating assets to achieve growth objectives, Shah contends.
05:43 EDTESSEssex Property Trust upgraded to Buy from Neutral at Mizuho
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February 5, 2016
10:19 EDTCACA Technologies management to meet with JMP Securities
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09:30 EDTSCTYSolarCity added to Conviction List at Avondale
February 4, 2016
16:40 EDTESSEssex Property Trust sees FY16 core FFO $10.72-$11.12, consensus $10.89
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16:39 EDTESSEssex Property Trust reports Q4 core FFO $2.63, consensus $2.50
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February 3, 2016
11:26 EDTDGOptions with increasing call volume; LOW LNC DG EW SNOW KLIC CIT AN EAT SYT
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February 2, 2016
16:19 EDTSCTYElon Musk boosts SolarCity stake to 21.7%
Elon Musk disclosed an increased stake of 21.7% in SolarCity, which represents 21.28M shares, as of December 31, 2015. Musk, who is Chairman of the Board and founder of the company, holds the shares in a revocable trust.
February 1, 2016
05:13 EDTSCTYSolarCity implied volatility of 117 at upper end of index mean range
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January 29, 2016
16:32 EDTCBNJCape Bancorp reports Q4 EPS 15c, one estimate 18c
The net interest margin was 3.37% for the three months ended December 31, 2015 compared to 3.47% for the three months ended December 31, 2014.
10:05 EDTCPNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Equity (AEL) initiated with an Outperform at RBC Capital... Calpine (CPN) initiated with a Buy at Guggenheim... Diamondback Energy (FANG) initiated with an Outperform at BMO Capital... Dynegy (DYN) initiated with a Neutral at Guggenheim... ICF International (ICFI) initiated with a Market Perform at Barrington... Juno Therapeutics (JUNO) initiated with a Buy at SunTrust... Kite Pharma (KITE) initiated with a Buy at SunTrust... Match Group (MTCH) initiated with a Neutral at Susquehanna... Medifast (MED) initiated with a Hold at Wunderlich... NRG Energy (NRG) initiated with a Buy at Guggenheim... NRG Yield (NYLD) initiated with a Neutral at Guggenheim... Nutrisystem (NTRI) initiated with a Buy at Wunderlich... Parsley Energy (PE) initiated with an Outperform at BMO Capital... Precision Drilling (PDS) initiated with a Hold at Canaccord... RSP Permian (RSPP) initiated with an Outperform at BMO Capital... Taylor Morrison (TMHC) initiated with a Neutral at Citi... Tortoise North American Energy (TYN) initiated with a Neutral at Guggenheim... WisdomTree (WETF) initiated with a Neutral at Northcoast.
08:43 EDTSCTYSolarCity and Sunrun to benefit from CPUC decision, says Morgan Stanley
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07:48 EDTSCTYSolarCity to benefit from new California rule, says Stifel
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January 28, 2016
18:30 EDTSCTYSolarCity issues statement on California net metering decision
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17:08 EDTCPNCalpine initiated with a Buy at Guggenheim
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16:40 EDTSCTYOn The Fly: Top stock stories for Thursday
The Dow began the session with triple digit gains thanks in part to solid earnings reports from some of America's bellwether corporations and oil prices, which approached $34 a barrel. The market was unable to hold its opening gains and eventually crossed into negative territory. Before the losses became too big the averages reversed and moved back across the flat line. With oil holding onto its gains and closing above $33 a barrel, the averages closed in positive territory ahead of the next barrage of earnings reports. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 278,000 last week, versus the expected 281,000 first-time claims. Durable goods orders dropped 5.1% in December, versus expectations for a decrease of 0.7%. The core reading, which removes transportation items, was down 1.2%, versus expectations for a decline of 0.1%. The National Association of Realtors' pending home sales index for December rose 0.1%, versus expectations for it to be up 0.9%. COMPANY NEWS: Shares of Facebook (FB) surged 15.5% to $109.11 after the social media giant's fourth quarter earnings and revenue beat expectations. A number of Wall Street analysts increased their price targets for the stock following the report, including Piper Jaffray's Gene Munster, who hiked his target to a "Street-high" $170 per share. Facebook management made only one mention of macro concerns for the business in 2016, significantly different than Apple's (AAPL) earnings call on Tuesday night, Munster pointed out... Caterpillar (CAT) reported better than expected quarterly earnings, excluding certain items, but its revenue came in below the consensus forecast and the heavy equipment maker warned that it does not anticipate an improvement in the world economy or commodity prices in 2016. The stock, which had declined almost 20% in the last three months prior to this morning's report, rebounded 4.7% to $61.08 after the company jumped over the lowered bar that had been set by bearish analysts... Under Armour (UA), which had similarly been the focus of concern recently for some bearish analysts, posted better than expected results on the top and bottom line and backed its fiscal year revenue forecast, proving its doubters wrong and sending its share rocketing up 22.5% to $84.00. MAJOR MOVERS: Among the notable gainers were Intrexon (XON), Inovio (INO) and Cerus (CERS), which gained a respective 10%, 7.6% and 1.4% as the ongoing Zika virus scare brought attention to the companies' efforts fighting the illness. Also higher were SolarCity (SCTY), Sunrun (RUN) and Vivint Solar (VSLR), with the solar stocks jumping 8.5%, 20.5% and 3.6%, respectively, after the California Public Utilities Commission approved new net-metering rules. Meanwhile, Eagle Pharmaceuticals (EGRX) rose 12.2% to $74.44 after announcing commercial availability of its Bendeka injection in partnership with Teva (TEVA). Among the noteworthy losers was Yahoo (YHOO), which lost 3.2% to $28.75 despite a pre-market spike after SpringOwl Asset Management urged the company to seek an investment from a strategic partner. The news was also followed by reports that CEO Marissa Mayer has started restructuring efforts with an "invest/maintain/kill" list, as well as news that Verizon (VZ) denied a report that it had bid for the company's core Internet business. Also lower were OSI Systems (OSIS), Qualcomm (QCOM) and eBay (EBAY), which fell a respective 31.8%, 8.3% and 12.5% following their quarterly earnings reports. INDEXES: The Dow rose 125.18, or 0.79%, to 16,069.64, the Nasdaq gained 38.51, or 0.86%, to 4,506.68, and the S&P 500 advanced 10.41, or 0.55%, to 1,893.36.
14:11 EDTSCTYCalifornia PUC approves new net-metering rules
The California Public Utilities Commission voted 3-2 in favor of the proposed Net Energy Metering Successor Tariff.
13:17 EDTSCTYSolarCity views MLPs better than REITs, Environmental Finance reports
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08:36 EDTSCTYAttractive risk/reward developing in SolarCity, says Roth Capital
Roth Capital says that an attractive risk/reward ratio is developing in SolarCity, whose stock has dropped about 40% this year. However, the firm says that the company "will not be out of the woods" until California finalizes its net metering rules. The firm thinks the final net metering rules will be positive for SolarCity, but it's unsure about when the rules will be finalized, although it thinks they could be finalized later today. It keeps a $65 price target and Buy rating on SolarCity.
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