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Stock Market & Financial Investment News

News Breaks
January 15, 2013
10:03 EDTDELL, LULU, FISV, UAL, AMTD, AXP, BHP, SYA, VRTX, WSO, SSRI, PFG, LOGI, AFL, RKT, PDCO, DY, ARMH, SIRO, REGN, PAAS, BIIBOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARM Holdings (ARMH) downgraded to Equal Weight from Overweight at Morgan Stanley... Aflac (AFL) downgraded to Neutral from Buy at Sterne Agee... Biogen (BIIB) downgraded to Neutral from Buy at BofA/Merrill... Dycom (DY) downgraded to Outperform from Strong Buy at Raymond James... Logitech (LOGI) downgraded to Underperform from Neutral at Credit Suisse... Pan American Silver (PAAS) downgraded to Hold from Buy at Deutsche Bank... Patterson Companies (PDCO) downgraded to Sell from Neutral at Goldman... Principal Financial (PFG) downgraded to Neutral from Buy at Sterne Agee... Regeneron (REGN) downgraded to Hold from Buy at Jefferies... Rock-Tenn (RKT) downgraded to Buy from Conviction Buy at Goldman... Silver Standard (SSRI) downgraded to Sell from Hold at Deutsche Bank... Sirona Dental (SIRO) downgraded to Neutral from Buy at Goldman... Symetra Financial (SYA) downgraded to Underperform from Neutral at Sterne Agee... TD Ameritrade (AMTD) downgraded to Neutral from Buy at Sterne Agee... Watsco (WSO) downgraded to Neutral from Outperform at RW Baird... BHP Billiton (BHP) downgraded to Hold from Buy at Dahlman Rose... United Continental (UAL) downgraded to Neutral from Overweight at JPMorgan... Vertex (VRTX) downgraded to Neutral from Buy at Lazard Capital... American Express (AXP) downgraded to Underweight from Neutral at JPMorgan... Fiserv (FISV) downgraded to Equal Weight from Overweight at First Analysis... lululemon (LULU) downgraded to Underperform from Neutral at Buckingham... Dell (DELL)downgraded to Neutral from Buy at Monness Crespi.
News For ARMH;AFL;BIIB;DY;LOGI;PAAS;PDCO;PFG;REGN;RKT;SSRI;SIRO;SYA;AMTD;WSO;BHP;UAL;VRTX;AXP;FISV;LULU;DELL From The Last 14 Days
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June 21, 2015
13:03 EDTUALU.S. airline stocks may rise 15%-50% in one year, Barron's says
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June 19, 2015
18:12 EDTRKTS&P announces changes to S&P 100, 400, 500, and 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: S&P 500 constituent The Priceline Group (PCLN) will replace Baxter International (BAX) in the S&P 100, Baxalta (BXLT) will replace QEP Resources (QEP) in the S&P 500, QEP Resources will replace Itron (ITRI) in the S&P MidCap 400, and Itron will replace Arch Coal (ACI) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. Baxter International is spinning off Baxalta in a transaction expected to be completed on that date. Baxter International will remain in the S&P 500 following the distribution, but its post spin market capitalization will no longer make it appropriate for the S&P 100. QEP Resources, Itron and Arch Coal are all ranked near or at the bottom of their current indices. Skechers USA (SKX) will replace Rock-Tenn Co. (RKT) in the S&P MidCap 400, and MiMedx Group (MDXG) will replace Skechers USA in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent MeadWestvaco Corp. (MWV) is combining with Rock-Tenn in a transaction expected to be completed on or about that date. The combined company will remain in the S&P 500 and will change its name to WestRock Co. HealthEquity (HQY) will replace Zep Inc. (ZEP) in the S&P SmallCap 600 after the close of trading on Thursday, June 25. Private equity firm New Mountain Capital is acquiring Zep in a transaction expected to be completed on or about that date pending final approvals.
17:22 EDTRKTSkechers to replace RockTenn in S&P 400 as of 6/30 close
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16:59 EDTUALBuckeye, airlines agree to settle FERC disputes
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11:09 EDTUALDelta climbs following upgrade, reported fare hike
The shares of Delta Air Lines (DAL) are rising after research firm Wolfe Research upgraded the stock to Outperform from Peer Perform in a note to investors earlier today. Additionally, JPMorgan says Delta appears to have instituted a domestic fare increase yesterday. WHAT'S NEW: Delta's new deal with its pilots on profit sharing removes an unknown that had been facing the company, Wolfe wrote. Additionally, the airlines seems to be implementing additional domestic capacity cuts, the firm stated. As a result, Wolfe slightly increased its passenger revenue per available seat mile, or PRASM, estimate for the company. Furthermore, expectations for Delta's Q3 PRASM have dropped significantly, even though the airlines recently said that its PRASM should turn positive in Q4. Consensus estimates for Delta now look "reasonable" for this year and beatable in 2016, according to Wolfe, which set a $62 price target on the shares. WHAT'S NOTABLE: JPMorgan said Delta appears to have instituted an additional, $2 one-way across-the-board domestic fare increase yesterday, following last week's industry-wide increase. The firm sees "no harm" in Delta trying, but adds it would be surprised to see material support from the discounters. JPMorgan said it remains "puzzled" as to why airline industry stock sentiment is so negative since discipline among the companies is "alive and kicking." The firm has an Overweight rating on Delta. OTHERS TO WATCH: Other publicly traded airline operators include American Airlines (AAL), JetBlue (JBLU), Southwest (LUV) and United Continental (UAL). PRICE ACTIOn: In late morning trading, Delta rose 2.5% to $42.38.
10:19 EDTFISVHigh option volume stocks
High option volume stocks: FISV SID MTH MDXG BEAV INVE AMCN CAG OVAS MCHP
10:00 EDTFISVOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aerie Pharmaceuticals (AERI) upgraded to Buy from Hold at Canaccord... Amedisys (AMED) upgraded to Buy from Hold at Jefferies... Consolidated Edison (ED) upgraded to Hold from Sell at Evercore ISI... Delta Air Lines (DAL) upgraded to Outperform from Peer Perform at Wolfe Research... Deutsche Bank (DB) upgraded to Neutral from Underperform at Exane BNP Paribas... EP Energy (EPE) upgraded on better than expected well economics at SunTrust... Encana (ECA) upgraded to Outperform from Market Perform at BMO Capital... Energy Transfer Partners (ETP) upgraded to Buy at BofA/Merrill... Erickson (EAC) upgraded to Outperform from In-Line at Imperial Capital... Fiserv (FISV) upgraded on growth opportunities, margin outlook at Oppenheimer... IPC Healthcare (IPCM) upgraded to Buy from Hold at Jefferies... Mack-Cali Realty (CLI) upgraded on valuation at Stifel... Micron (MU) upgraded to Buy on sustainable margins and capex at Topeka... NuStar Energy (NS) upgraded to Buy from Neutral at BofA/Merrill... NuStar GP Holdings (NSH) upgraded to Buy from Neutral at BofA/Merrill... Ramco-Gershenson (RPT) upgraded to Outperform from Neutral at Baird... Retail Opportunity (ROIC) upgraded to Outperform from Market Perform at Raymond James... Royal Dutch Shell (RDS.A) upgraded to Outperform from Sector Perform at RBC Capital... Smith & Wesson (SWHC) upgraded to Outperform from Sector Perform at RBC Capital... Sovran Self Storage (SSS) upgraded to Buy from Hold at Cantor... Springleaf (LEAF) upgraded to Outperform from Neutral at Macquarie.
07:54 EDTFISVFiserv upgraded on growth opportunities, margin outlook at Oppenheimer
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06:42 EDTAXPAmEx to stop restricting merchants from favoring rivals, WSJ reports
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06:38 EDTFISVFiserv upgraded to Outperform from Perform at Oppenheimer
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June 18, 2015
10:21 EDTUALSouthwest, Spirit retreat after analysts downgrade shares
Southwest Airlines (LUV) and Spirit Airlines (SAVE) are falling after both airline stocks received downgrades from research firms this morning. Barclays downgraded Southwest, while Credit Suisse cut its rating on Spirit. WHAT'S NEW: Barclays analyst David Fintzen lowered his rating on Southwest to Underweight from Overweight, saying that the stock's valuation is above peer levels even though its outlook is no better than its large competitors. Moreover, the company's margins could drop in 2016 because of its "outsized growth," the analyst warned. Credit Suisse analyst Julie Yates downgraded Spirit Airlines to Neutral from Outperform, as she believes the airlines is facing more aggressive competitor fares. American Airlines (AAL) is offering lower fares than Spirit on five of the latter company's ten top ten routes for travel two months from reservation dates, the analyst stated. Moreover, Spirit's second quarter margins may come in below its guidance and the airline will probably reduce its margin outlook when its reports its Q2 results in late July, Yates predicted. WHAT'S NOTABLE: Barclays' Fintzen was more upbeat on Spirit, continuing to identify it as his top pick among airlines. More broadly, Fintzen remains generally upbeat on airline stocks, predicting that the industry's profitability will be "far more durable" than the market believes. The sector's competition is balanced, and it has increased its capacity and airplane purchases much less than in prior periods of oil price declines, according to Fintzen. Additionally, the airline stocks' multiples remain overly depressed, he believes. He says that the following stock in the sector can climb about 50%: Spirit, American, Delta (DAL), and United (UAL). PRICE ACTION: In early trading, Southwest dropped 2.2% to $33.11 and Spirit slid 2.4% to $60.91.
07:55 EDTPAASPan American Silver management to meet with Deutsche Bank
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07:36 EDTBIIBReceptos remains an attractive takeover candidate, says Leerink
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07:31 EDTBIIBBiogen to present new hemophilia data at ISTH Congress
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05:41 EDTUALSouthwest downgraded to Underweight from Overweight at Barclays
Barclays analyst David Fintzen downgraded Southwest (LUV) two notches to Underweight from Overweight saying the company has moved from a margin expansion story to an "average" big four airline trading at a premium valuation. Fintzen expects Southwest's growth to normalize in 2016 and cut his price target for shares to $39 from $50. The stock closed yesterday down 7c to $33.84. The analyst coupled the downgrade with an upgrade of Align Technology (ALGN) to Equal Weight. He remains bullish on airlines, with Spirit Airlines (SAVE) remaining his top pick, followed by Delta Air Lines (DAL), American Airlines (AAL) and United Continental (UAL). Fintzen sees 50% average upside in those four names.
June 17, 2015
15:52 EDTUALAir Transport Assc. reevaluates carry-on changes
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09:51 EDTPAASPan American Silver management to meet with Deutsche Bank
Meetings to be held in Austin/San Antonio on June 17 hosted by Deutsche Bank.
09:29 EDTAXPAmerican Express denied bid to block U.S. injunction, Reuters reports
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08:37 EDTBHPBofA/Merrill metals strategist holds an analyst/industry conference call
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07:52 EDTPDCOPatterson Companies completes acquisition of Animal Health International
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