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Stock Market & Financial Investment News

News Breaks
March 4, 2014
10:01 EDTFTNT, LADR, MNST, PG, SC, TEN, DSPG, AAP, TIVO, DWA, INFI, EL, AVP, CHD, CLX, CCE, KO, CL, DPS, ENR, GTAT, ARGSOn The Fly: Analyst Initiation Summary
Argos Therapeutics (ARGS) initiated with an Overweight at Piper Jaffray... Avon Products (AVP) initiated with a Sell at UBS... Church & Dwight (CHD) initiated with a Buy at UBS... Clorox (CLX) initiated with a Sell at UBS... Coca-Cola Enterprises (CCE) initiated with a Neutral at UBS... Coca-Cola (KO) initiated with a Neutral at UBS... Colgate-Palmolive (CL) initiated with a Buy at UBS Dr Pepper Snapple (DPS) initiated with a Neutral at UBS... Energizer (ENR) initiated with a Sell at UBS... Estee Lauder (EL) initiated with a Buy at UBS... GT Advanced (GTAT) initiated with a Buy at Goldman... Infinity Pharmaceuticals (INFI) initiated with an Underperform at Wedbush... Ladder Capital (LADR) initiated with an Outperform at Keefe Bruyette... Monster Beverage (MNST) initiated with a Buy at UBS... Procter & Gamble (PG) initiated with a Neutral at UBS... Santander Consumer USA (SC) initiated with an Outperform at Wells Fargo... Tenneco (TEN) initiated with a Buy at UBS... DSP Group (DSPG) initiated with a Buy at Dougherty... Advance Auto Parts (AAP) initiated with an Equal Weight at Stephens... TiVo (TIVO) initiated with a Buy at Topeka... DreamWorks Animation (DWA) initiated with a Hold at Topeka... Fortinet (FTNT) coverage assumed with an Outperform at Wedbush.
News For ARGS;AVP;CHD;CLX;CCE;KO;CL;DPS;ENR;GTAT;EL;INFI;LADR;MNST;PG;SC;TEN;DSPG;AAP;TIVO;DWA;FTNT From The Last 14 Days
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October 6, 2014
14:12 EDTGTATUltra Clean shares oversold on GT Advanced news, says Needham
Needham said Ultra Clean (UCTT) shares are oversold on the GT Advanced (GTAT) bankruptcy and said they are a small customer. The firm did reduce Ultra Clean 2014 revenue estimate to $512M from $520M and its price target to $13 from $14 due to the GT Advanced revenue reduction and lower SemiCap sales but reiterates its Buy rating.
14:09 EDTFTNTSplunk, Tableau seen by Morgan as well-positioned in Big Data space
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14:01 EDTGTATGT Advanced bankruptcy implies breakdown with Apple, says Raymond James
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12:41 EDTGTATOn The Fly: Midday Wrap
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11:53 EDTGTATGT issues company specific, solar sell-off unwarranted, says Northland
Northland said it believes GT Advanced's (GTAT) bankruptcy filing is company specific and related to its non-solar opportunities and that the sell-off in other solar industry stocks after this news is unwarranted. Publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). The firm also confirmed that GT is a customer of Ultra Clean (UCTT) and that some of its growth potential with the GT may be muted near-term, but points out that the company required a full prepayment for its prior work with GT.
11:41 EDTGTATSolar companies sink after GT Advanced declares bankruptcy
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11:09 EDTAVPOptions with increasing implied volatility
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10:50 EDTGTATGT Advanced plunges 90% to $1.06 after filing for bankruptcy
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10:41 EDTGTATUltra Clean drops after GT Advanced files for bankruptcy
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10:32 EDTGTATGT Advanced to resume trading at 10:45 am ET
GT Advanced Technologies announced earlier that it had commenced voluntary cases under chapter 11 of the Bankruptcy Code. Quotation on the stock is scheduled to resume at 10:40 am ET and trading is scheduled to resume at 10:45 am ET.
10:17 EDTGTATGT Advanced volatility expected to move, files for Chapter 11 bankruptcy
GT Advanced volatility is expected to move on files for Chapter 11 bankruptcy. Overall option implied volatility of 105 is above its 26-week average of 75 according to Track Data, suggesting wide price movement.
10:11 EDTGTATGT Advanced files for Chapter 11 bankruptcy
GT Advanced Technologies announced that it had, together with certain of its direct and indirect subsidiaries, commenced voluntary cases under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Hampshire. GT expects the court will authorize the company to continue to conduct business as usual while it devotes renewed efforts to resolve its current issues and develops a reorganization plan. GT indicated that as of September 29 it had approximately $85M of cash. It is now seeking debtor-in-possession financing. GT said, "These funding sources will enable GT to satisfy the customary obligations associated with the daily operation of its business, including the timely payment of employee wages and other obligations." NASDAQ may temporarily halt trading in the company's stock pending the receipt of additional information on the company's financial condition, it stated.
10:04 EDTCHD, CL, FTNTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abercrombie & Fitch (ANF) downgraded to Neutral from Overweight at Piper Jaffray... Air France-KLM (AFLYY) downgraded to Neutral from Buy at Citigroup... BAE Systems (BAESY) downgraded to Hold from Buy at Societe Generale... Buffalo Wild Wings (BWLD) downgraded to Neutral from Outperform at Wedbush... Church & Dwight (CHD) downgraded to Underweight from Equal Weight at Barclays... Colgate-Palmolive (CL) downgraded to Equal Weight from Overweight at Barclays... Deckers Outdoor (DECK) downgraded to Neutral from Overweight at Piper Jaffray... Delhaize (DEG) downgraded to Hold from Buy at Deutsche Bank... Fortinet (FTNT) downgraded to Equal Weight from Overweight at Morgan Stanley... McDonald's (MCD) downgraded to Equal Weight from Overweight at Morgan Stanley... Midcoast Energy (MEP) downgraded to Neutral from Buy at UBS... Mobileye (MBLY) downgraded to Market Perform from Outperform at Raymond James... Myers Industries (MYE) downgraded to Neutral from Buy at CL King... Nationstar (NSM) downgraded to Underperform from Market Perform at Keefe Bruyette... PTC Therapeutics (PTCT) downgraded to Market Perform at Cowen... PetSmart (PETM) downgraded to Equal Weight from Overweight at Barclays... Qlik Technologies (QLIK) downgraded to Equal Weight from Overweight at Morgan Stanley... Subsea 7 (SUBCY) downgraded to Neutral from Outperform at Exane BNP Paribas... Tekmira (TKMR) downgraded to Market Perform from Outperform at ... XL Group (XL) downgraded to Market Perform from Outperform at FBR Capital... Xoom (XOOM) downgraded to Underweight from Equal-Weight at Evercore.
10:04 EDTCCEOn The Fly: Analyst Upgrade Summary
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09:40 EDTGTATGT Advanced trading halted, pending news
06:44 EDTCLColgate-Palmolive downgraded to Equal Weight from Overweight at Barclays
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06:44 EDTCHDChurch & Dwight downgraded to Underweight from Equal Weight at Barclays
Barclays downgraded Church & Dwight to Underweight based on rich valuation and said the recent Lil' Drug's brands acquisition is not consistent with previous deals. Price target lowered to $63 from $66.
06:27 EDTFTNTJPMorgan hackers hit about nine other firms, NY Times says
The group of hackers that infiltrated JPMorgan (JPM) also penetrated about nine other financial institutions, according to The New York Times. Washington intelligence officials and policy makers are much more concerned about the attacks than they have disclosed, the newspaper added. Other publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded cybersecurity companies include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).Reference Link
05:49 EDTFTNTFortinet downgraded to Equal Weight from Overweight at Morgan Stanley
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05:14 EDTCCECoca-Cola Enterprises upgraded to Neutral from Reduce at Nomura
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