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Stock Market & Financial Investment News

News Breaks
April 11, 2014
12:42 EDTAPOG, ACM, MPO, SLGN, SYMC, SDRL, GPS, EQR, ELLI, GLW, BBBY, ABBOn The Fly: Analyst Downgrade Summary
Apogee Enterprises (APOG) downgraded to Buy from Conviction Buy at Goldman... Bed Bath & Beyond (BBBY) downgraded to Neutral from Buy at Citigroup... Corning (GLW) downgraded to Neutral from Buy at UBS... Ellie Mae (ELLI) downgraded to Market Perform from Outperform at FBR Capital... Equity Residential (EQR) downgraded to Underperform from Hold at Jefferies... Gap (GPS) downgraded to Neutral from Buy at Janney Capital... Seadrill (SDRL) downgraded to Neutral from Outperform at Credit Suisse... Symantec (SYMC) downgraded to Equalweight from Overweight at Barclays... Silgan Holdings (SLGN) downgraded to Market Perform from Outperform at Wells Fargo... Midstates Petroleum (MPO) downgraded to Hold from Accumulate at Tudor Pickering... AECOM Technology (ACM) downgraded to Neutral from Buy at DA Davidson... ABB (ABB) downgraded to Neutral from Outperform at RW Baird.
News For APOG;BBBY;GLW;ELLI;EQR;GPS;SDRL;SYMC;SLGN;MPO;ACM;ABB From The Last 14 Days
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July 28, 2014
14:11 EDTGLWEarnings Preview: Barclays positive on Corning ahead of Q2 report
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08:30 EDTGLWCorning August weekly volatility elevated into Q2 and outlook
Corning August weekly call option implied volatility is at 50, August is at 25, September is at 22, November is at 21; compared to its 26-week average of 23, suggesting large near term price movement into the expected release of Q2 results on July 29.
07:26 EDTGLWAmerican Association for Clinical Chemistry to hold annual meeting
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July 25, 2014
13:40 EDTEQRAvalonBay signals could be indicator for Equity Residential, says BWS Financial
BWS Financial noted that AvalonBay (AVB) and Equity Residential (EQR) overlap in markets and the firm believes AvalonBay's signs of growth could be a barometer for Equity Residentialís report, which is due next Tuesday. BWS remains positive on Equity Residential and maintains it $70 price target on the stock.
July 23, 2014
10:02 EDTEQROn The Fly: Analyst Initiation Summary
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07:43 EDTSLGNSilgan Holdings sees Q3 EPS $1.25-$1.35, consensus $1.37
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07:42 EDTSLGNSilgan Holdings sees FY14 adjusted EPS $3.10-$3.30, consensus $3.16
The company said that this FY14 EPS estimate represents an increase of 13.1%-20.4% over record adjusted net income per diluted share of $2.74 in the prior year.
07:41 EDTSLGNSilgan Holdings reports Q2 adjusted EPS 73c, consensus 67c
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05:48 EDTEQREquity Residential initiated with a Neutral at Mizuho
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July 22, 2014
10:30 EDTSYMCSymantec accused of false claims by Justice Department
The Justice Department said it has intervened in a lawsuit against Symantec, alleging that Symantec submitted false claims to the United States on a General Services Administration software contract. The case alleges that Symantec knowingly provided the United States with inaccurate and incomplete information about the prices it was offering to its commercial customers during the negotiation and performance of the contract. "The suit contends that Symantec misrepresented its true commercial sales practices, ultimately leading to government customers receiving discounts far inferior to those Symantec gave to its commercial non-government customers," the government stated. The contract at issue was in place from 2007 to 2012 and involved hundreds of millions of dollars in sales, it added.
10:15 EDTSYMCDOJ intervenes in whistleblower suit against Symantec alleging false claims
July 21, 2014
14:02 EDTGPSGap expands brand to Slovenia and Austria
Gap announced that it will introduce the Gap brand to Slovenia and Austria through agreements with new and existing franchise partners. Magistrat International has been selected for the launch of Slovenia and Gottex, which currently manages the Gap franchise business in Israel and Hungary, will launch Austria. Gap has signed a new agreement with Magistrat International to open three stores for the first time later this year in the capital city of Ljubljana. City Park. All locations are scheduled to open by September this year. Gap will also open its first store in Vienna, Austria this October through an existing relationship with Gottex Brands, which is a part of the Trimera Group.
05:41 EDTABBVolvo announces partnership with ABB
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July 18, 2014
11:59 EDTGLWCorning call activity attributed to speculated as takeover target by Forbes
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10:57 EDTGLWCorning speculated at takeover target by Forbes contributor
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10:03 EDTEQROn The Fly: Analyst Downgrade Summary
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06:11 EDTEQREquity Residential downgraded to Market Perform at Raymond James
Raymond James downgraded Equity Residential to Market Perform from Outperform.
July 17, 2014
10:41 EDTBBBYBed Bath & Beyond announces $1.1B accelerated share repurchase
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10:00 EDTBBBYOn The Fly: Analyst Initiation Summary
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08:09 EDTMPOMidstates Petroleum initiated with a Market Perform at FBR Capital
Target $7.50.
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