New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 14, 2013
10:07 EDTDRQ, S, AON, WERN, ARG, HRB, SPWR, VAR, WFC, SNI, RUSHA, PXP, AXP, EMC, HUN, IBM, JDSU, MXIM, NOK, ODFL, ARMHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARM Holdings (ARMH) downgraded to Neutral from Overweight at Piper Jaffray... American Express (AXP) downgraded to Neutral from Buy at Goldman... EMC (EMC) downgraded to Neutral from Overweight at JPMorgan... Huntsman (HUN) downgraded to Market Perform from Outperform at Wells Fargo... IBM (IBM) downgraded to Neutral from Overweight at JPMorgan... JDSU (JDSU) downgraded to Neutral from Buy at Goldman... Maxim Integrated (MXIM) downgraded to Neutral from Outperform at Credit Suisse... Nokia (NOK) downgraded to Underweight from Equal Weight at Barclays... Old Dominion (ODFL) downgraded to Hold from Buy at Deutsche Bank... Plains Exploration (PXP) downgraded to Neutral from Positive at Susquehanna... Rush Enterprises (RUSHA) downgraded to Hold from Buy at Wunderlich... Scripps Networks (SNI) downgraded to Hold from Buy at Deutsche Bank... Werner (WERN) downgraded to Hold from Buy at Deutsche Bank... Airgas (ARG) downgraded to Neutral from Buy at BofA/Merrill... H&R Block (HRB) downgraded to Underweight from Equal Weight at Morgan Stanley... SunPower (SPWR) downgraded to Sell from Underperform at CLSA... Varian Medical (VAR) downgraded to Neutral from Buy at Lazard Capital... Wells Fargo (WFC) downgraded to Perform from Outperform at Oppenheimer... Aon Corp. (AON) downgraded to Neutral from Buy at Sterne Agee... Sprint (S) downgraded to Neutral from Overweight at JPMorgan... Dril-Quip (DRQ) downgraded to Accumulate from Buy at Global Hunter.
News For ARMH;AXP;EMC;HUN;IBM;JDSU;MXIM;NOK;ODFL;PXP;RUSHA;SNI;WERN;ARG;HRB;SPWR;VAR;WFC;AON;S;DRQ From The Last 14 Days
Check below for free stories on ARMH;AXP;EMC;HUN;IBM;JDSU;MXIM;NOK;ODFL;PXP;RUSHA;SNI;WERN;ARG;HRB;SPWR;VAR;WFC;AON;S;DRQ the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>
August 6, 2014
12:49 EDTWFCWells Fargo sees potential legal losses up to $1.2B above reserves
Subscribe for More Information
12:17 EDTSDISH Chairman says 'nothing really has changed' in terms of strategy
Subscribe for More Information
12:12 EDTSOn The Fly: Midday Wrap
Subscribe for More Information
11:10 EDTSOptions with increasing implied volatility
Subscribe for More Information
10:53 EDTSSprint, T-Mobile dive after merger talks reportedly end
Shares of wireless carriers Sprint (S) and T-Mobile (TMUS) are falling after multiple media outlets reported that Sprint has ended its pursuit of buying T-Mobile. Previous reports had suggested that Sprint was interested in acquiring its competitor. In the wake of the news, Wells Fargo remained upbeat on Sprint, while FBR Capital wrote that the deal could still occur. WHAT'S NEW: Sprint has ended its pursuit of T-Mobile due to opposition to the tie-up by regulators multiple news outlets reported last night, citing unnamed sources. Sprint also replaced CEO Dan Hesse with Marcelo Claure, the founder and CEO of SoftBank (SFTBF) subsidiary Brightstar, and Sprint Chairman Masayoshi Son said "While we continue to believe industry consolidation will enhance competitiveness and benefit customers, our focus moving forward will be on making Sprint the most successful carrier." ANALYST REACTION: In a note to investors today, Wells Fargo analyst Jennifer Fritzsche wrote that the news on Sprint should improve going forward, while the company should benefit from new spectrum it has acquired. History suggests that the best time to buy Sprint's stock is when it appears to be capitulating, added the analyst, who believes that the company is still well-positioned to pursue other strategic alternatives. However, Fritzsche thinks that some of T-Mobile's "likely and logical" partners may not be ready to make a deal in the near-term, while the company has "more questions than answers." The analyst kept an Outperform rating on Sprint and a Market Perform rating on T-Mobile. Meanwhile, FBR Capital analyst David Dixon wrote that he was not convinced that Sprint had abandoned its bid for T-Mobile. Rather, the companies are probably not prepared yet to make a deal that is likely to be approved by regulators, the analyst stated. The deal could be approved if the companies demonstrate that their combined network would improve the experience of users, and the companies are taking steps to meet this goal, according to Dixon, who kept a Market Perform rating on Sprint. WHAT'S NOTABLE: In the wake of the news that Sprint will apparently drop its pursuit of T-Mobile, French telecom company Iliad (ILIAF), which has made a bid for T-Mobile, sees no immediate need to boost its takeover offer, according to The Wall Street Journal. PRICE ACTION: In mid-morning trading, Sprint fell 17.9% to $5.98 and T-Mobile sank 6.1% to $31.85.
09:28 EDTSIliad continues with T-Mobile bid, won't boost for now, WSJ says
Subscribe for More Information
09:13 EDTSOn The Fly: Pre-market Movers
HIGHER: Fox class A shares (FOXA), up 5.9% after withdrawing proposal to acquire Time Warner (TWX), announcing $6B share repurchase program, reporting quarterly results... MannKind (MNKD), up 1.6% after entering a supply agreement with Amphastar Pharmaceuticals (AMPH)... Criteo (CRTO), up 11.5% after upgraded at Goldman following its better than expected Q2 earnings report. LOWER: Time Warner (TWX), down 13% after earnings, maintaining guidance, bid dropped by Fox... Sprint (S), down 16.5% after naming Marcelo Claure as president and CEO, reportedly dropping pursuit of T-Mobile (TMUS). T-Mobile shares also down 8.5%... Groupon (GRPN), down 18%, downgraded at Wunderlich after the company reported lower than expected Q3 results... Walgreen (WAG), down 15.7% after exercises option to acquire remaining 55% of Alliance Boots, says it will not pursue inversion as part of deal... Shire (SHPG), down 6% after Walgreen announced it would stay located in Chicago and Bloomberg last night reported that the Treasury Department is exploring ways to bypass Congress in an attempt to curb corporate inversions... Cytori Therapeutics (CYTX), down 33% after announcing that it has placed enrollment in the ATHENA and ATHENA II trials on clinical hold. UP AFTER EARNINGS: Enphase Energy (ENPH), up 20%... AOL (AOL), up 5%. DOWN AFTER EARNINGS: Nu Skin (NUS), down 8.5%... Rocket Fuel (FUEL), down 27%... Cognizant (CTSH), down 13%... First Solar (FSLR), down 2.5%... Globus Medical (GMED), down 17%.
08:31 EDTSSprint names Marcelo Claure as president and CEO
Subscribe for More Information
08:30 EDTSSprint names Marcelo Claure as president and CEO
08:22 EDTSSprint news to improve going forward, says Wells Fargo
After multiple news outlets reported that Sprint (S) would abandon its efforts to buyT-Mobile (TMUS), Wells Fargo thinks that the news on Sprint will improve as the company moves beyond many of its network challenges and begins to benefit from its 2.5 GHz spectrum. The firm believes that the company is well-positioned to seek other strategic alternatives and keeps an Outperform rating on the shares.
08:09 EDTSSoftbank seen as still interested in M&A after dropping T-Mobile plans, WSJ says
Despite the reports that Sprint (S) parent Softbank (SFTBF) is no longer pursuing a deal for T-Mobile (TMUS), some analysts said they doubted that the setback had killed the company's appetite for a big acquisition of a network operator, though they said the company might shift its focus from the U.S. to Europe, according to The Wall Street Journal. An analyst at SMBC Nikko said he thought Softbank might announce another deal shortly, but that rather than aiming to buy another mobile operator that it would try to build up its digital content portfolio, the report added. Reference Link
07:51 EDTST-Mobile volatility is expected to move on said to end talks to be purchased
Subscribe for More Information
07:43 EDTWFCWells Fargo relaxes 'jumbo' mortgage guidelines, Reuters says
Subscribe for More Information
07:39 EDTSFBR not convinced Sprint will abandon T-Mobile bid
Subscribe for More Information
07:30 EDTSSprint volatility expected to move on said to end talks to buy T-Mobile
Sprint (S) option implied volatility is expected to move on said to end talks to buy T-Mobile (TMUS). Overall option implied volatility of 49 is near its 26-week average of 50 according to Track Data, suggesting non-directional price movement.
06:40 EDTWFCWells Fargo volatility at two-year average
Subscribe for More Information
06:23 EDTVARMitsubishi UFJ to hold a conference
Subscribe for More Information
06:23 EDTWFCSecurities Industry & Financial Markets Association to hold a seminar
Compliance & Legal Society Regional Seminar to be held in San Francisco on August 6.
06:19 EDTWFCCFA Society of Minnesota to hold a conference
Subscribe for More Information
06:03 EDTSSprint could name Marcelo Claure as new CEO, Reuters reports
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use