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Stock Market & Financial Investment News

News Breaks
April 30, 2012
09:00 EDTCHK, AZN, CERN, PPG, IDIX, CMP, ARII, MDT, EME, BSYBY, HMSY, CPN, KALU, DG, KFTOn The Fly: Analysts Upgrade Summary
Today's noteworthy upgrades include: American Railcar (ARII) upgraded to Neutral from Sell at UBS...AstraZeneca (AZN) upgraded to Buy from Hold at Jefferies and to Neutral from Underweight at JPMorgan...Calpine (CPN) upgraded to Buy from Hold at Jefferies...Chesapeake (CHK) upgraded to Outperform from Market Perform at BMO Capital...Compass Minerals (CMP) upgraded to Buy from Hold at KeyBanc...HMS Holdings (HMSY) upgraded to Buy from Hold at Jefferies...Idenix (IDIX) upgraded to Market Perform from Underperform at JMP Securities...Kraft Foods (KFT) upgraded to Overweight from Neutral at JPMorgan...British Sky Broadcasting (BSYBY) upgraded to Buy from Neutral at Citigroup...PPG Industries (PPG) upgraded to Outperform from Neutral at Credit Suisse...Dollar General (DG) upgraded to Strong Buy from Outperform at Raymond James...EMCOR Group (EME) upgraded to Buy from Hold at Stifel Nicolaus...Cerner (CERN) upgraded to Outperform from Market Perform at Raymond James...Kaiser Aluminum (KALU) upgraded to Buy from Hold at Dahlman Rose...Medtronic (MDT) upgraded to Buy from Neutral at Lazard Capital.
News For ARII;AZN;CPN;CMP;CHK;HMSY;IDIX;KFT;BSYBY;PPG;DG;EME;CERN;KALU;MDT From The Last 14 Days
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July 20, 2015
10:01 EDTCPNCalpine to acquire Champion Energy Marketing for $240M
Calpine Corporation and Champion Energy Marketing, LLC, announced that they have entered into an agreement for Calpine to purchase Champion, a retail electric provider, for $240M, subject to working capital adjustments. Based in Houston, Champion is expected to serve approximately 22 TWh of residential, commercial and industrial customer load in 2015, concentrated in Texas and the Northeast U.S. where Calpine has a substantial power generation presence. Champion will continue to operate under the Champion brand after the transaction closes. Calpine will acquire the business from Champion Energy Holdings, a subsidiary of Crane Holding Companies, which owns a 75% interest, and EDF Trading North America, which owns a 25% interest. Calpine intends to fund the acquisition with cash on hand. The transaction, which is expected to close by the fourth quarter of 2015, is subject to customary closing conditions and approval from the Federal Energy Regulatory Commission.
09:33 EDTCPNCalpine downgraded to Buy from Conviction Buy at Goldman
Goldman removed Calpine from the Conviction Buy List given near-term risk to consensus estimates and lowered quarterly EBITDA estimates. Shares remain Buy rated with a $23 price target, down from $25.
08:34 EDTHMSYHMS Holdings to protest NJ Medicaid third party liability contract award
After the markets closed on Friday, July 17, HMS Holdings Corp. received notification from the State of New Jersey Division of Purchase and Property, Procurement Bureau of its intent to make a contract award for Third Party Liability Services to a competitor, pursuant to the State's RFP 15-x-23249. HMS intends to protest the proposed award to Public Consulting Group, consistent with the Division’s administrative regulations, and will also consider any and all legal remedies as appropriate. "We are committed to the third-party liability business we perform for state customers throughout the nation. We have served the State of New Jersey for nearly 30 years and recovered hundreds of millions of dollars for the State Treasury. We believe our experience and qualifications as a third-party liability vendor for state Medicaid programs are unmatched in the industry and that does not appear to be reflected in the scoring of our RFP response," said Bill Lucia, Chairman and CEO.
06:03 EDTCHKStocks with implied volatility movement; CHK CNX
Stocks with implied volatility movement; Chesapeake (CHK) 76, CONSOL (CNX) 64 according to iVolatility.
July 17, 2015
08:07 EDTMDTMedtronic shares undervalued, says Wells Fargo
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July 16, 2015
15:58 EDTPPGHome improvement stocks slide after Sherwin-Williams cuts view
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11:25 EDTCHKStocks with call strike movement; CHK MU
Chesapeake (CHK) October 13 call option implied volatility increased 4% to 58, Micron (MU) October 23 call option implied volatility decreased 2% to 43 according to IVolatility.
10:00 EDTMDTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Arc Logistics (ARCX) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Buy from Hold at Deutsche Bank... FreightCar America (RAIL) upgraded to Neutral from Sell at UBS... Frontier Communications (FTR) upgraded to Buy from Hold at Jefferies... Google (GOOG) upgraded to Outperform from Market Perform at BMO Capital... Intel (INTC) upgraded to Buy from Hold at Needham... Medtronic (MDT) upgraded to Buy from Neutral at BTIG... Netflix (NFLX) upgraded to Buy from Neutral at Rosenblatt... New Jersey Resources (NJR) upgraded to Buy from Hold at Argus... ONEOK Partners (OKS) upgraded to Outperform from Perform at Oppenheimer... Patterson-UTI (PTEN) upgraded to Overweight from Equal Weight at Morgan Stanley... SJM Holdings (SJMHY) upgraded to Overweight from Underweight at JPMorgan... Statoil (STO) upgraded to Buy from Neutral at Citi... SunOpta (STKL) upgraded to Outperform from Sector Perform at Scotia Howard Weil... Viacom (VIAB) upgraded to Neutral from Sell at Citi... Walgreens Boots Alliance (WBA) upgraded to Outperform from Neutral at Credit Suisse... Werner (WERN) upgraded on 'compelling' valuation at Wells Fargo... Wisconsin Energy (WEC) upgraded to Outperform from Neutral at Baird... voxeljet (VJET) upgraded to Overweight from Neutral at Piper Jaffray.
09:20 EDTPPGPPG Industries names Michael McGarry as president and CEO, effective Sept. 1
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07:42 EDTMDTMedtronic upgraded to Buy from Neutral at BTIG
BTIG upgraded Medtronic to Buy with a $89 price target. The firm believes the recent pullback has provided a buying opportunity and views the company as well positioned for growth with revenue upside, strong cash deployment, and more Covidien synergies than some expect.
06:54 EDTPPGPPG Industries reports Q2 Performance Coatings sales up 3% to $2.41B
Reports Q2 Industrial Coatings sales down 3% to $1.41B. Reports Q2 Glass sales down 3% to $279M.
06:54 EDTPPGPPG Industries sees global economic growth to continue but remain uneven.
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06:53 EDTPPGPPG Industries on track with earnings accretive cash development targets
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06:52 EDTPPGPPG Industries reports unfavorable ForEx reduced Q2 sales by 7%, or $320M
06:51 EDTPPGPPG Industries reports Q2 adjusted EPS $1.67, consensus $1.64
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05:54 EDTMDTMedtronic recalls Shiley neonatal, pediatric tracheostomy tubes
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July 15, 2015
17:00 EDTAZNInnerWorkings to provide AstraZeneca exclusive marketing execution
InnerWorkings (INWK), the leading marketing execution firm, has become the exclusive North American marketing execution partner of AstraZeneca (AZN). Under the seven-year agreement, InnerWorkings will manage AstraZeneca’s marketing print operations across North America, which will improve AstraZeneca’s transparency and reporting as well as strengthen its brand impact. Strategically placed across the U.S., InnerWorkings’ three onsite teams based in Delaware, Maryland, and Pennsylvania will help AstraZeneca sharpen its financial visibility, unify its brands, and enhance its marketing effectiveness. By tapping InnerWorkings’ $1B-dollar buying power, AstraZeneca will gain vital insights, promote sustainability, and refine its marketing spend.
14:53 EDTPPGNotable companies reporting before tomorrow's open
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10:52 EDTCHKStocks with call strike movement; CHK GMCR
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07:29 EDTMDTAmerican Orthopaedic Foot & Ankle Society to hold annual meeting
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