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Stock Market & Financial Investment News

News Breaks
February 26, 2014
10:00 EDTINCY, TRVN, COV, ITCI, WCIC, NUTR, IVAC, APL, RTEC, LJPC, HELI, GOLD, KLIC, EPEOn The Fly: Analyst Initiation Summary
Atlas Pipeline Partners (APL) initiated with a Hold at Deutsche Bank... CHC Group (HELI) initiated with a Buy at UBS... EP Energy (EPE) initiated with an Overweight at JPMorgan... Intevac (IVAC) initiated with a Neutral at B. Riley... Kulicke & Soffa (KLIC) initiated with a Buy at B. Riley... La Jolla Pharmaceutical (LJPC) initiated with an Outperform at Wedbush... Nutraceutical (NUTR) initiated with an Outperform at Imperial Capital... Randgold Resources (GOLD) initiated with a Buy at UBS... Rudolph Technologies (RTEC) initiated with a Buy at B. Riley... Trevena (TRVN) initiated with an Outperform at JMP Securities... WCI Communities (WCIC) reinstated with an Outperform at Credit Suisse... Covidien (COV) initiated with a Buy at CRT Capital... Incyte (INCY) coverage assumed with a Buy at BofA/Merrill... Intra-Cellular (ITCI) initiated with an Outperform at Cowen.
News For APL;EPE;HELI;IVAC;KLIC;LJPC;NUTR;GOLD;RTEC;TRVN;WCIC;COV;INCY;ITCI From The Last 14 Days
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February 8, 2016
12:47 EDTGOLDRandGold surges after quarterly earnings, plans for dividend hike
Shares of RandGold (GOLD) rallied in midday trading after the company reporting earnings for the fourth quarter of fiscal year 2015 and announced plans to increase its annual dividend. WHAT'S NEW: Before the market open, RandGold Resources reported Q4 earnings per share of 47c, down from 53c in the same period last year, and below analysts' consensus estimates of 48c. The company said that the decline in year over year profits reflects the decline in gold price. Pretax profit for the quarter was $70.5M, while revenue was $272.09M, up from $226.32M in the year-ago period, the company said. RandGold said that production for the fourth quarter amounted to 326,430 ounces compared to 287,048 ounces in the same period a year ago. Looking to fiscal year 2016, the company said it is eyeing gold output of 1.25M-1.3M ounces for FY16, a 3%-75% increase over 2015, and a cash cost of $590-$630 per ounce. Additionally, RanGold expects production to be "relatively consistent" throughout FY16, but will be "slightly weighted" to the second half. RandGold added that it anticipates capital expenditures of $240M in FY16 and $115M in fiscal 2017. DIVIDEND RAISE: Separately, RandGold said that its board has recommended a 10% hike in its annual dividend to 66c per share from 60c per share. The company said that the proposed increase reflects the strong cash flows generated by the business. If approved by the company's shareholders, the dividend will be payable on May 27 to shareholders on record March 18, RandGold said. STREET RESEARCH: Following the release of RanGold's earnings report, Deutsche Bank analyst Anna Mulholland downgraded the stock to Hold from Buy. The analyst said that the offering of low cost production and an ungeared balance sheet should provide RandGold a relative premium, but that shares have overshot the firm's fair value and do not offer enough growth or yield to maintain the rally, especially when the firm anticipates gold's run to "peter out." Mulholland said the firm prefers Acacia Mining within the gold space. The analyst added that key risks for the company include higher or lower than expected gold prices, lower or higher than expected costs and volatility in the Euro/Dollar exchange rate. PRICE ACTION: At midday, RandGold jumped 9.53% to $85.76 in New York.
10:08 EDTGOLDRandgold downgraded to Hold from Buy at Deutsche Bank
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February 3, 2016
17:51 EDTRTECRudolph Technologies announces win in patent suit against Camtek
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16:09 EDTIVACIntevac reports Q4 EPS (12c), consensus (22c)
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15:55 EDTRTECCamtek announces final ruling in patent litigation case
Camtek (CAMT) reported that the United States Court of Appeals for the Federal Circuit entered its judgment regarding Camtek's appeal in the patent infringement case of Rudolph Technologies (RTEC) against Camtek regarding the Falcon systems. The Court of Appeals reaffirmed the Minnesota Court's Ruling in Rudolph Technologies' favor, and reinstated the damages originally awarded which total, including interest, approximately $14.6M, as well as the injunction in connection with sales of the Falcon systems in the United States until the expiration of plaintiff's patent. Camtek shall record a reserve for the awarded amount in its financial statements for year 2015.
11:26 EDTKLICOptions with increasing call volume; LOW LNC DG EW SNOW KLIC CIT AN EAT SYT
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10:07 EDTKLICHigh option volume stocks: DF WDR KLIC ST CIT PGTI EW ING TSM NOV
07:00 EDTKLICKulicke & Soffa launches IConn MEM PLUS Wire Bonder series
Kulicke & Soffa launched its IConn MEM PLUS High Performance Wire Bonder series. The IConn MEM PLUS is built on the IConn PLUS wire bonder platform, with newly developed hardware and process capabilities.
06:57 EDTKLICKulicke & Soffa receives first order for its Advanced Packaging solution
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06:56 EDTKLICKulicke & Soffa sees Q2 revenue $130M-$140M, consensus $129.13M
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06:56 EDTKLICKulicke & Soffa reports Q1 EPS 0c, consensus (13c)
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February 2, 2016
08:59 EDTITCILeerink views doc checks as positive for ACADIA, Neurocrine
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February 1, 2016
16:54 EDTRTECRudolph Technologies sees Q1 EPS 15c-20c, consensus 16c
Sees Q1 revenue $51M-$55M, consensus $51.36M. Information reported during Q4 earnings conference call.
16:49 EDTRTECRudolph Technologies sees Q1 gross margin 53%-54%
16:42 EDTRTECRudolph Technologies 'pleased' with progress of lithography business
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16:38 EDTRTECRudolph Technologies sees increased growth in MEMS market
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16:06 EDTRTECRudolph Technologies reports Q4 EPS 16c, consensus 15c
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10:02 EDTEPEOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded at BMO Capital... ARMOUR Residential (ARR) downgraded to Underweight from Equal Weight at Barclays... Abraxas Petroleum (AXAS) downgraded to Neutral from Buy at SunTrust... Anchor BanCorp Wisconsin (ABCW) downgraded to Equal Weight from Overweight at Stephens... Ashford Hospitality Prime (AHP) downgraded to Hold from Buy at Canaccord... Ashford Hospitality (AHT) downgraded to Hold from Buy at Canaccord... Axiall (AXLL) downgraded to Neutral from Buy at Citi... Boston Private Financial (BPFH) downgraded to Neutral from Buy at SunTrust... Colliers International (CIGI) downgraded to Sector Perform from Outperform at RBC Capital... Companhia Brasileira de Distribuicao (CBD) downgraded to Neutral at Credit Suisse... Connecticut Water (CTWS) downgraded to Market Perform from Outperform at Wells Fargo... Duke Realty (DRE) downgraded on valuation, growth outlook at BMO Capital... EP Energy (EPE) downgraded to Neutral from Buy at SunTrust... Eastman Chemical (EMN) downgraded at SunTrust... Equity Residential (EQR) downgraded to Neutral from Buy at Mizuho... Genuine Parts (GPC) downgraded to Neutral from Overweight at JPMorgan... Hersha Hospitality (HT) downgraded to Hold from Buy at Canaccord... Jones Energy (JONE) downgraded to Neutral from Buy at SunTrust... Mondelez (MDLZ) downgraded to Neutral from Positive at Susquehanna... Nokia (NOK) downgraded to Hold from Buy at Canaccord... Ollie's Bargain Outlet (OLLI) downgraded to Neutral from Outperform at Credit Suisse... Oshkosh (OSK) downgraded to Hold from Buy at Drexel Hamilton... Outerwall (OUTR) downgraded on Redbox weakness at Roth Capital... PACCAR (PCAR) downgraded to Underperform from Peer Perform at Wolfe Research... Restoration Hardware (RH) downgraded to Market Perform from Outperform at Cowen... Rex Energy (REXX) downgraded to Neutral from Buy at SunTrust... Sanchez Energy (SN) downgraded to Neutral from Buy at SunTrust... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Santander Consumer (SC) downgraded to Underperform from Neutral at BofA/Merrill... Tiffany (TIF) downgraded to Market Perform from Outperform at Cowen... Trex Company (TREX) downgraded to Hold from Buy at BB&T... U.S. Steel (X) downgraded to Neutral from Outperform at Macquarie... United Community Financial (UCFC) downgraded to Neutral from Outperform at Boenning & Scattergood... Xerox (XRX) downgraded to Equal Weight from Overweight at Morgan Stanley.
09:25 EDTEPEEP Energy downgraded to Neutral from Buy at SunTrust
06:32 EDTRTECRudolph Technologies receives order for JetStep Lithography System
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