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Stock Market & Financial Investment News

News Breaks
July 14, 2014
Today's noteworthy initiations include: Ardelyx (ARDX) initiated with a Buy at Citigroup... Century Communities (CCS) initiated with an Overweight at JPMorgan... Charles Schwab (SCHW) initiated with a Buy at Jefferies... Diamondback Energy (FANG) initiated with a Neutral at Sterne Agee... E-Trade (ETFC) initiated with a Hold at Jefferies... Foresight Energy (FELP) initiated with an Overweight at Morgan Stanley... Global Logistics Properties (GBTZF) initiated with an Overweight at Barclays... Intercept (ICPT) initiated with a Buy at Deutsche Bank... Jumei (JMEI) initiated with a Buy at BofA/Merrill... MTS Systems (MTSC) initiated with a Buy at Needham... Markit (MRKT) initiated with an Equal Weight at Morgan Stanley... Opus Bank (OPB) initiated with a Buy at CRT Capital... Parnell (PARN) initiated with an Overweight at Piper Jaffray... TD Ameritrade (AMTD) initiated with a Hold at Jefferies... Teradata (TDC) initiated with a Buy at Standpoint Research... Veritiv (VRTV) initiated with an Overweight at Barclays... Viper Energy (VNOM) initiated with a Market Perform at Raymond James... Yelp (YELP) initiated with an Underweight at Evercore... ZS Pharma (ZSPH) initiated with an Outperform at BMO Capital... Zafgen (ZFGN) initiated with an Outperform at Cowen.
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January 23, 2015
07:06 EDTZFGNZafgen 3.94M share Secondary priced at $35.00
Leerink Partners LLC and Cowen and Company, LLC are acting as joint book-running managers for the offering. Canaccord Genuity, Inc. and JMP Securities LLC are acting as co-managers.
06:32 EDTETFCE-Trade upgraded to Outperform from Neutral at Credit Suisse
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January 22, 2015
18:28 EDTETFCOn The Fly: After Hours Movers
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16:27 EDTTDCTeradata initiated with a Market Perform at Cowen
Target $46.
16:16 EDTZFGNZafgen initiated with an Outperform at RBC Capital
16:14 EDTETFCE-Trade received approval to realign organizational structure
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16:12 EDTETFCE-Trade reports Q4 EPS ex-items 26c, consensus 23c
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15:32 EDTETFCNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Starbucks (SBUX), consensus 80c; Capital One (COF), consensus $1.74; Intuitive Surgical (ISRG), consensus $4.38; KLA-Tencor (KLAC), consensus 52c; Altera (ALTR), consensus 35c; E-Trade (ETFC), consensus 23c... ResMed (RMD), consensus 62c; Maxim Integrated Products (MXIM), consensus 30c; Maxim Integrated Products (MSCC), consensus 65c; Hexcel (HXL), consensus 54c; Polycom (PLCM), consensus 23c; Skyworks (SWKS), consensus $1.19; Curtiss-Wright (CW), consensus $1.00.
10:03 EDTCCSOn the Fly: Analyst Initiation Summary
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08:47 EDTCCSCentury Communities initiated with a Buy at Sterne Agee
Target $20.
07:52 EDTZFGNZafgen drug shows promise for children with rare weight disorder, NY Times says
Prader-­Willi syndrome, which is marked by children having morbid obesity, low muscle tone and other developmental issues, is being studied by pharmaceutical companies including Zafgen, reported The New York Times. The company's drug, beloranib, seemed in a small pilot study to reduce weight, body fat and, for the first time, insatiability in Prader-­Willi subjects and the company has moved on to larger trials, the report noted. Reference Link
07:17 EDTICPTIntercept price target lowered to $300 from $500 at Deutsche Bank
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07:01 EDTOPBOpus Bank to acquire Commerce Escrow Company, RPM Investments
Opus Bank has entered into a definitive agreement to acquire both Commerce Escrow Company, an independent Los Angeles-based escrow company focused on commercial business and commercial real estate transactions, and RPM Investments, an independent accommodator for tax-deferred commercial exchanges under Section 1031 of the Internal Revenue Code. Under the terms of the agreement, shareholders of CEC and RPM will receive aggregate consideration of $25M, with 55% payable in Opus Bank common stock, which shall be valued based on the average of the closing prices of Opus common stock over the 10 business days ending the day prior to the closing date, and 45% payable in cash. The transaction is expected to close in the latter part of the first quarter of 2015, after which CEC and RPM will operate as separate divisions within Opus. Mark Minsky, President of CEC and RPM, will assume the role of Senior Managing Director, Robert Minsky will serve as Managing Director and Danielle Graf Kitzes as Director of the CEC and RPM divisions. Opus Bank was represented by Holland & Knight and CEC and RPM were represented by Davis & Davis Law Group in this transaction.
06:32 EDTYELPBlue Calypso files motion to lift stay in patent infringement cases and appeal
Blue Calypso (BCYP) announced that it has filed a motion in the Eastern District of Texas to lift the negotiated stay on the pending patent infringement litigation between the Company and Groupon (GRPN), Yelp (YELP), Foursquare and IZEA.PK. The Company has also filed notices of appeal at the Federal Circuit Court of Appeals in each of the Covered Business Method Review cases at the Patent Trial and Appeals Board. On January 14, 2014, the parties agreed to stay the litigation in the Eastern District pending the decisions from the PTAB as to validity of the patents. As a part of agreeing to join the stay, the parties jointly agreed to ask the Court to lift the stay and for an expedited litigation schedule if any of the asserted claims were held valid by the PTAB. The PTAB now has confirmed the validity of twenty-eight claims and Blue Calypso, through its counsel, has asked the Court to lift the stay according to the agreement. The defendants refused to participate in the motion to lift the stay as previously agreed, and have instead asked the Court to leave the stay in place in a separate motion.
January 21, 2015
09:16 EDTFANGOn The Fly: Pre-market Movers
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09:15 EDTFANGDiamondback Energy 1.75M share Spot Secondary priced at $60.50
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07:33 EDTAMTDTD Ameritrade reports Q1 investment product fee revenues $83M
The company’s results for Q1 include net new client assets of $18.8B, an annualized growth rate of 11%, up 30% year-over-year.
07:32 EDTAMTDTD Ameritrade reports Q1 EPS 39c, consensus 40c
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06:41 EDTFANGDiamondback Energy files to sell 1.5M shares
Diamondback intends to use the net proceeds from this offering to repay a portion of the outstanding borrowings under its revolving credit facility. Credit Suisse Securities (USA) LLC is acting as sole book-running manager for the offering.
January 20, 2015
15:21 EDTAMTDNotable companies reporting before tomorrow's open
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