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Stock Market & Financial Investment News

News Breaks
January 9, 2013
10:21 EDTKSS, CVA, BJRI, HA, ICE, MON, FDO, CMA, APOL, WU, SPH, M, DG, BAC, APU, MCD, SON, SEPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AmeriGas (APU) downgraded to Underperform from Neutral at Credit Suisse... Apollo Group (APOL) downgraded to Equal Weight from Overweight at First Analysis... BJ's Restaurants (BJRI) downgraded to Equal Weight from Overweight at Morgan Stanley... Bank of America (BAC) downgraded to Neutral from Outperform at Credit Suisse... Comerica (CMA) downgraded to Perform from Outperform at Oppenheimer... Covanta (CVA) downgraded to Neutral from Outperform at RW Baird... Dollar General (DG) downgraded to Sector Perform from Outperform at RBC Capital... Family Dollar (FDO) downgraded to Sector Perform from Outperform at RBC Capital... Kohl's (KSS) downgraded to Underperform from Neutral at Macquarie... Macy's (M) downgraded to Neutral from Outperform at Macquarie... Monsanto (MON) downgraded to Hold from Buy at Miller Tabak... Spectra Energy Partners (SEP) downgraded to Neutral from Outperform at Credit Suisse... Suburban Propane (SPH) downgraded to Neutral from Outperform at Credit Suisse... Walter Energy (WLT) downgraded to Hold from Buy at Deutsche Bank... IntercontinentalExchange (ICE) downgraded to Neutral from Outperform at Macquarie... Sonoco Products (SON) downgraded to Underweight from Neutral at JPMorgan... Western Union (WU) downgraded to Sell from Neutral at Goldman... Hawaiian Holdings (HA) downgraded to Underperform from Buy at BofA/Merrill... McDonald's (MCD) downgraded to Market Perform from Outperform at Raymond James.
News For APU;APOL;BJRI;BAC;CMA;CVA;DG;FDO;KSS;M;MON;SEP;SPH;ICE;SON;WU;HA;MCD From The Last 14 Days
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December 9, 2014
09:15 EDTBACBank of America sees Q4 sales and trading revenue down linked-quarter, y/y
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08:14 EDTMMacy's downgraded at Atlantic Equities
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08:06 EDTMMacy's downgraded to Neutral from Overweight at Atlantic Equities
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08:04 EDTWUBank of China to offer Western Union Money Transfer service
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08:02 EDTKSSKohl's to keep doors open for over 100 hours straight from Dec. 19-Dec. 24
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06:07 EDTDGStocks with implied volatility above IV index mean; DG OPK
Stocks with implied volatility above IV index mean; OPKO Health (OPK) 41, Dollar General (DG) 37 according to iVolatility.
December 8, 2014
16:24 EDTMCDOn The Fly: Closing Wrap
Stocks on Wall Street were lower amid another drop in crude oil prices, which tumbled to five-year lows. The market opened slightly lower following weaker than expected data from China and Japan, with nothing of note on the domestic calendar to get buyers involved in the dayís activity. Near noon, the averages gained downside momentum and though the market pared its losses several times, it was never able to gain any steam to pull the indexes back into the green. ECONOMIC EVENTS: In the U.S., no major economic data was released. In Asia, Chinese exports rose 4.7% from a year earlier in November, which missed the consensus estimate for an 8% increase. Chinese imports fell 6.7% from the prior year last month, compared with projections for a 3.8% increase. Additionally, Japan's revised third quarter gross domestic product estimate showed the economy shrank more than initially thought, with growth contracting an annualized 1.9%. COMPANY NEWS: Shares of Cubist Pharmaceuticals (CBST) surged $26.24, or 35.29%, to $100.60 after Merck (MRK) agreed to acquire the maker of next-generation antibiotics for $102 per share in cash, or $8.4B and the assumption of $1.1B in debt. A number of other antibiotic makers also climbed, including Tetraphase (TTPH), which rose $2.45, or 8.82%, to $30.24, and Cempra (CEMP), which advanced $1.64, or 11.37%, to $16.06, while shares of Merck finished fractionally higher, adding 39c, or 0.63%, to $61.88 following the deal announcement. MAJOR MOVERS: Among the notable gainers following their presentations at the American Society of Hematology, or ASH, annual meeting were Calithera Biosciences (CALA), which gained $2.38, or 22.52%, to $12.95, and Acceleron Pharma (XLRN), which jumped $5.11, or 13.6%, to $42.67. Among the noteworthy losers was McDonald's (MCD), which fell $3.70, or 3.84%, to $92.61 after the Dow member reported a 2.2% decline in global same-restaurant sales in November. Additionally, the fast-food giant warned that its fourth quarter results would be hurt by its sales pressures, supplier issues in China and a stronger U.S. dollar. Also lower were shares of Liquidity Services (LQDT), which plunged $2.77, or 27.0%, to $7.49 after the company disclosed that Wal-Mart (WMT) had terminated a deal to provide it with surplus merchandise. INDEXES: The Dow fell 106.31, or 0.59%, to 17,852.48, the Nasdaq dropped 40.06, or 0.84%, to 4,740.69, and the S&P 500 slipped 15.06, or 0.73%, to 2,060.31.
16:02 EDTHAHawaiian Holdings reports Nov. passenger traffic up 6.7% to 817,583
Reports November RPMs up 4.4% to 1.11M. Reports November ASMs up 2.9% to 1.39M. Reports November Load Factor up 1.1 percentage points to 80.3%.
16:00 EDTBACOptions Update; December 8, 2014
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15:08 EDTICEIntercontinentalExchange sees EUR 96.8M proceeds from sale of Euronext stake
Intercontinental Exchange announced the pricing of the placement of 4.2M shares in Euronext, representing approximately 6% of Euronextís share capital, by way of an accelerated book-building to institutional investors. The gross proceeds to ICE from the sale amount to EUR 96.8M. Following the sale, which is expected to close on December 11, ICE will no longer hold any of Euronextís shares or voting rights and the transaction marks the final exit from Euronext by ICE initiated in 2014, the company said.
12:40 EDTMCDOn The Fly: Midday Wrap
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11:41 EDTICEIntercontinentalExchange to sell remaining shares in Euronext
Intercontinental Exchange announced its intention to sell approximately 4.2M shares in Euronext N.V., representing approximately 6% of Euronextís share capital, by way of an accelerated book-building to institutional investors. Following the sale, assuming all shares are sold, ICE will no longer hold any of Euronextís share capital and voting rights. This transaction marks the final exit from Euronext by ICE, in line with its previously announced strategy. ICE received a waiver of the lock-up agreement entered into at the time of the Euronext initial public offering in June 2014, which was due to expire on December 21. The shares will be offered by way of a private placement to institutional investors. The book-building will commence immediately. ICE reserves the right to close the books at short notice. Pricing and allocations will be determined at the conclusion of the offering and are expected to be announced in a separate press release.
10:08 EDTMCDMcDonald's falls on weak November sales, levels to watch
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09:48 EDTMCDMarket begins lower, averages turns mixed in early trade
Stock futures trade below fair value throughout the pre-market trading session, leading to a lower open for the broader market. The Dow finished last week at an all-time high and just slightly below its next milestone level of 18,000, but it continues to be weighed on during early trading from McDonald's (MCD), which is down over 3% following its November sales report. In early trading, the Dow is down 17 points, the Nasdaq is up 7 points and the S&P is down 1 point.
09:38 EDTMCDMcDonald's sees Q4 margins 'significantly pressured' by top-line performance
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09:23 EDTSEPSpectra Energy, Northeast Utilities form alliance with Iroquois Gas Transmission
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09:20 EDTMCDOn The Fly: Pre-market Movers
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07:59 EDTMCDMcDonald's reports November global comparable sales decreased 2.2%
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06:42 EDTMCDMcDonald's coverage resumed with a Neutral at Goldman
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06:35 EDTBACValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
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