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Stock Market & Financial Investment News

News Breaks
February 3, 2014
09:59 EDTMA, YDKN, PGNX, PPL, GS, CCNE, RDC, PVA, ASGN, WFM, IMO, PHM, PANW, ORLY, NOC, NVDA, COG, NSC, LPNT, ARG, NTAP, COLBOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Airgas (ARG) upgraded to Overweight from Equal Weight at First Analysis... Cabot Oil & Gas (COG) upgraded to Overweight from Equal Weight at Barclays... Columbia Banking (COLB) upgraded to Outperform from Market Perform at Raymond James... LifePoint Hospitals (LPNT) upgraded to Buy from Fair Value at CRT Capital... NVIDIA (NVDA) upgraded to Neutral from Negative at Susquehanna... NetApp (NTAP) upgraded to Overweight from Neutral at Piper Jaffray... Norfolk Southern (NSC) upgraded to Outperform from Market Perform at Wells Fargo... Northrop Grumman (NOC) upgraded to Buy from Hold at Drexel Hamilton... O'Reilly Automotive (ORLY) upgraded to Buy from Neutral at ISI Group... On Assignment (ASGN) upgraded to Buy from Hold at Deutsche Bank... PPL Corp. (PPL) upgraded to Buy from Hold at Jefferies... Palo Alto (PANW) upgraded to Outperform from Market Perform at Wells Fargo... Penn Virginia (PVA) upgraded to Equal Weight from Underweight at Barclays... Progenics (PGNX) upgraded to Buy from Hold at Needham... PulteGroup (PHM) upgraded to Positive from Neutral at Susquehanna... Rowan Companies (RDC) upgraded to Outperform from Market Perform at Raymond James... Yadkin Financial (YDKN) upgraded to Strong Buy from Outperform at Raymond James... Imperial Oil (IMO) upgraded to Sector Perform from Underperform at Scotia Capital... CNB Financial (CCNE) upgraded to Outperform from Neutral at Boenning & Scattergood... MasterCard (MA) upgraded to Positive from Neutral at Susquehanna... Whole Foods (WFM) upgraded to Overweight from Neutral at Piper Jaffray... Goldman Sachs (GS) upgraded to Buy from Neutral at Guggenheim.
News For ARG;COG;COLB;LPNT;NVDA;NTAP;NSC;NOC;ORLY;ASGN;PPL;PANW;PVA;PGNX;PHM;RDC;YDKN;IMO;CCNE;MA;WFM;GS From The Last 14 Days
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August 19, 2015
14:16 EDTNTAPNetApp technical comments ahead of earnings
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13:30 EDTNTAPOptions with increasing put volume;
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12:53 EDTNTAPEarnings Watch: Analysts mostly bearish on NetApp ahead of Q1 earnings
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10:39 EDTORLYO'Reilly Automotive management to meet with Sterne Agee CRT
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August 18, 2015
13:36 EDTNTAPNetApp August volatility elevated into Q1 and outlook
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13:14 EDTGSNY court rules Goldman must face Abacus suit, Bloomberg reports
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13:01 EDTMAEarnings Watch: Target to report Q2 results after management changes
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09:51 EDTPANWFireEye called top-tier security vendor in new upgrade
Shares of FireEye (FEYE) are getting a boost after Imperial Capital highlighted the company's "significant progress" when upgrading its rating on the name. California-based FireEye is a provider of cybersecurity solutions. UPGRADE: Imperial Capital analyst Michael Kim upgraded FireEye to Outperform from In-Line this morning in a note to investors, citing a favorable risk/reward at current share levels. The stock trades at the lower valuation end of similar high-growth security vendors, Kim tells investors in a research note. He believes FireEye is making "significant progress" on driving higher sales productivity and margin expansion. Ramping global adoption of the company's platform has made FireEye a top-tier security vendor, Kim argues. He raised his price target for shares to $55 from $45.50. NOT ALONE: Kim is not alone in recommending stocks in the cybersecurity space. Analysts at Piper Jaffray and Wells Fargo last week highlighted security names that they view as attractive investments. CyberArk Software (CYBR), Barracuda Networks (CUDA) and Fortinet (FTNT) were among the stocks recommended by the firms. Piper Jaffray analyst Andrew Nowinski said the recent pullback in the sector is an attractive buying opportunity. Stocks with the most attractive valuations include Barracuda, CyberArk, Fortinet and Palo Alto Networks (PANW), he told investors last week. Wells Fargo analyst Gray Powell last week upgraded Israel-based CyberArk to Outperform from Market Perform saying the company's billings growth as well as its sales and marketing efficiencies are "exceeding peers by a wide margin. HACKS CONTINUE: High-profile cyber attacks continue with the Internal Revenue Service yesterday raising the number of accounts that were compromised in a data breach earlier this year. In May, the IRS revealed that 114,000 tax accounts through its "Get Transcript" application were exposed to thieves. Yesterday, the agency said a recent review revealed approximately 220,000 additional tax accounts may have been breached, bringing the total number of victims up to 334,000. Shares of FireEye are up 56c to $44.21 in early trading. CyberArk is up 13c to $60.06 while Proofpoint (PFPT), a company focused on securing email communication, is up 16c to $65.06.
09:01 EDTMAMasterCard, First Tech Federal announce first U.S. biometric payments pilot
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06:45 EDTGSNine banks agree to $2B settlement for currency market rigging, FT says
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06:42 EDTGSGoldman buys stake in Piramal Realty, WSJ reports
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August 17, 2015
16:19 EDTGSSunEdison up 7% to $15.70 after forming asset facility with Goldman Sachs
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16:15 EDTGSSunEdison, Goldman Sachs fund form $1B construction, operating asset facility
SunEdison (SUNE) and West Street Infrastructure Partners III and affiliates, announced the formation of a new $1B warehouse investment vehicle, the WSIP Warehouse, to fund construction costs and to acquire operating assets. TerraForm Power (TERP) will have an exclusive call right over the warehoused assets. The WSIP Warehouse is a $1B investment vehicle with $300M equity committed, subject to certain conditions, by WSIP, the infrastructure fund managed by Goldman Sachs (GS). The debt structuring will be led by Morgan Stanley, Bank of America and Deutsche Bank and will provide commitments for $700M of debt in the form of a $500M, five-year term loan and a $200M, four-year revolving credit facility. SunEdison has the option to expand the facility by up to $1B to a total of $2B, subject to certain conditions. The decision to add additional warehouse capacity was completed following an analysis by SunEdison of its financing requirements through 2016 and after exploring alternative debt and equity transactions. SunEdison continues to explore financing alternatives, including upsizing its existing warehouse facilities and adding new warehouse facilities. Completion of the formation of the WSIP Warehouse and the financial close of the related debt facilities are subject to customary conditions and are expected to occur by Oct. 31, 2015.
16:12 EDTGSSunEdison, Goldman Sachs fund form $1B construction, operating asset facility
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14:27 EDTPANWIRS says cyber attack larger than originally thought, AP says
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10:09 EDTNTAPOn The Fly: Analyst Downgrade Summary
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07:46 EDTCOGEnerCom to hold a conference
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07:05 EDTASGNManpower moved to Top Staffing Pick at Deutsche Bank
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06:06 EDTGSGoldman expected to take minority stake in India's Piramal Realty, Reuters says
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06:04 EDTNTAPNetApp downgraded to Sell from Hold at Summit Research
Summit Research analyst Srini Nandury downgraded NetApp (NTAP) to Sell saying dynamics in the storage industry as well as the company's Cluster ONTAP product transition will make revenue growth "elusive in the near-term." Weaker storage spending and continued problems with getting customers to upgrade to Cluster ONTAP could drive consensus estimates lower from current levels, Nandury tells investors in a research note. Further, the analyst believes NetApp continues to lose high sales performers to competitors such as Nimble Storage (NMBL), Pure Storage, Tegile and Tintri. He expects the company's FY16 revenue to decline 6% on top of the 3% decline in FY15, with only modest growth in FY17. Nandury cut his price target for NetApp shares to $28 from $32. The stock closed Friday up 13c to $30.75.
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