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Stock Market & Financial Investment News

News Breaks
January 3, 2014
10:00 EDTARMH, MOG.A, PRU, S, WTM, MWV, OI, SON, UFS, SNX, SWIR, MU, JOY, AMCC, CB, ED, CNDO, ENH, ETR, EXC, GE, FE, IPCM, JMBAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARM Holdings (ARMH) downgraded to Market Perform from Outperform at BMO Capital... Applied Micro (AMCC) downgraded to Market Perform from Outperform at BMO Capital... Chubb (CB) downgraded to Neutral from Buy at Janney Capital... Consolidated Edison (ED) downgraded to Neutral from Buy at Citigroup... Coronado (CNDO) downgraded to Perform from Outperform at Oppenheimer... Endurance Specialty (ENH) downgraded to Neutral from Buy at Janney Capital... Entergy (ETR) downgraded to Sell from Neutral at Citigroup... Exelon (EXC) downgraded to Sell from Neutral at Citigroup... FirstEnergy (FE) downgraded to Sell from Neutral at Citigroup... General Electric (GE) downgraded to Perform from Outperform at Oppenheimer... IPC The Hospitalist Co. (IPCM) downgraded to Neutral from Outperform at Credit Suisse... Joy Global (JOY) downgraded to Sell from Neutral at Goldman... Micron (MU) downgraded to Sector Perform from Outperform at RBC Capital... Moog (MOG.A) downgraded to Sector Perform from Outperform at RBC Capital... NRG Yield (NYLD) downgraded to Neutral from Buy at Citigroup... Prudential (PRU) downgraded to Neutral from Buy at Janney Capital... Sprint (S) downgraded to Sell from Hold at Stifel... White Mountains (WTM) downgraded to Neutral from Buy at Janney Capital... MeadWestvaco (MWV) downgraded to Neutral from Buy at BofA/Merrill... Owens-Illinois (OI) downgraded to Neutral from Buy at BofA/Merrill... Sonoco Products (SON) downgraded to Neutral from Buy at BofA/Merrill... Domtar (UFS) downgraded to Underperform from Buy at BofA/Merrill... SYNNEX (SNX) downgraded to Hold from Buy at Cross Research... Coronado (CNDO) downgraded at Oppenheimer... Jamba (JMBA) downgraded at Wedbush... Sierra Wireless (SWIR) downgraded to Equal Weight from Overweight at Stephens.
News For A;PRU;S;WTM;MWV;OI;SON;UFS;SNX;SWIR;JMBA From The Last 14 Days
Check below for free stories on A;PRU;S;WTM;MWV;OI;SON;UFS;SNX;SWIR;JMBA the last two weeks.
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August 26, 2014
08:44 EDTSBest Buy CFO says mobile phone category 'complicated to forecast'
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August 25, 2014
16:03 EDTJMBAJamba sees agreement with Capgemini to lower costs
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07:04 EDTSSprint price target lowered to $7 from $8 at RBC Capital
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06:00 EDTSONSonoco to host conference call
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05:29 EDTSONSonoco to acquire Weidenhammer Packaging Group for $383M
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August 22, 2014
05:28 EDTSSoftbank capital raise could be used for acquisitions, Bloomberg says
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August 21, 2014
13:57 EDTSSprint now has 'best value in data,' says Wells Fargo
Wells Fargo believes Sprint's new $60 per month unlimited data plan plays to the company's "abundance of capacity with its spectrum pipe." Wells says Sprint is "now the best value in data," and it notes the total amount of revenue will likely be higher than $80 per month as the plan is valid on devices purchased via Sprint Easy Pay. Wells has an Outperform rating on Sprint.
13:16 EDTST-Mobile offers free data to users who recruit new customers to its network
T-Mobile (TMUS) is offering its current Simple Choice customers a free unlimited LTE data plan upgrade for a full year when they recruit a Sprint (S), Verizon (VZ), or AT&T (T) customer to its network. The new referred customer will also receive a full year of unlimited LTE data for free as well. If a Simple Choice customer who recruits a new user to T-Mobile's network already has an unlimited LTE data plan, they will receive a $10 credit each month for twelve months. The referral plan starts August 29. Reference Link
11:49 EDTSSprint announces $60 per month unlimited wireless plan
Sprint (S) announces an unlimited wireless plan for $60. The plan provides consumers unlimited talk, text and data while on Sprint's network for $60 per month, a $20 savings compared to T-Mobile's (TMUS) $80 per month unlimited plan, the wireless carrier said. The Sprint $60 Unlimited Plan is available to both new and existing Sprint customers starting tomorrow, August 22. To qualify for the plan, customers must purchase their device through Sprint Easy Pay, pay full retail price or bring their own compatible device.
August 19, 2014
12:42 EDTSOn The Fly: Midday Wrap
The market opened higher as it extended its gains from yesterday. Better than expected economic data on housing and consumer prices, as well as easing geopolitical tensions, has helped aid investor optimism. The market drifted higher throughout the morning with the Dow leading the way, followed by the Nasdaq, which is now near fourteen-year highs. The S&P is mostly higher, with the telecom services group being the lone sector showing losses, down just fractionally. ECONOMIC EVENTS: Housing starts for July rose to an annualized pace of 1.093M units, up from 0.945M units in June, and beating expectations for 0.963M units... The Consumer Price Index increased 0.1% overall, matching expectations. Less food and energy, the CPI was up 0.1%, which was also in-line with the consensus forecast. COMPANY NEWS: Shares of home improvement retailer The Home Depot (HD) are up more than 6% after the company posted better than expected second quarter results and raised its full year profit outlook... Shares of Sprint (S) are down 4% after Jefferies lowered its price target for Sprint shares to $4, saying it continues to see downside to estimates. MAJOR MOVERS: Shares of Skilled Healthcare (SKH) are up more than 20% after combining with Genesis HealthCare In 100% stock deal... Shares of cosmetics and fragrance company Elizabeth Arden (RDEN) are down 24% after the company's fourth quarter results came in well below analysts' consensus estimates. INDEXES: Near midday, the Dow was up 76.92, or 0.46%, to 16,915.66, the Nasdaq was up 12.96, or 0.29%, to 4,521.27, and the S&P 500 was up 8.49, or 0.43%, to 1,980.23.
07:39 EDTSSprint price target lowered to $4 from $7 at Jefferies
Jefferies lowered its price target for Sprint shares to $4 saying it continues to see downside to estimates. The firm expects a "muted response" to Sprint's new Family Pack pooled data plan and limited time promotion of waiving device access charges. It keeps an Underperform rating on the stock.
07:12 EDTSFCC looks into telecom special access line rates, Reuters says
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August 18, 2014
19:41 EDTSSprint CEO says regulators weren't set on industry consolidation, Bloomberg says
Sprint (S) recently dropped its bid seeking control of competitor T-Mobile (TMUS).
18:33 EDTSSprint introduces Sprint Family Share Pack data plan, doubles high-speed data
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18:04 EDTSSprint to offer $100/month 20GB shared data plan through 2015, Bloomberg reports
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11:06 EDTSSoftBank chooses Sharp as low-cost smartphone partner, WSJ reports
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08:47 EDTSRaymond James to hold a summit
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August 15, 2014
06:15 EDTSSprint's new CEO to introduce 'disruptive' prices next week, Re/code reports
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