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Stock Market & Financial Investment News

News Breaks
January 29, 2014
10:00 EDTARO, CVGI, VMW, PDCE, CIT, SWFT, WMT, DATA, SBH, IBKR, ITW, IBKC, FSL, EA, CRZO, CAM, AAL, MODOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aeropostale (ARO) upgraded to Neutral from Sell at Goldman... American Airlines (AAL) upgraded to Neutral from Underperform at BofA/Merrill... Cameron (CAM) upgraded to Buy from Hold at Societe Generale... Carrizo Oil & Gas (CRZO) upgraded to Neutral from Underperform at Credit Suisse... Electronic Arts (EA) upgraded to Buy from Neutral at BofA/Merrill... Freescale (FSL) upgraded to Strong Buy from Buy at Needham... IBERIABANK (IBKC) upgraded to Outperform from Market Perform at Raymond James... Illinois Tool Works (ITW) upgraded to Outperform from Market Perform at BMO Capital... Interactive Brokers (IBKR) upgraded to Outperform from Market Perform at Keefe Bruyette... Sally Beauty (SBH) upgraded to Outperform from Market Perform at Wells Fargo... Tableau Software (DATA) upgraded to Buy from Neutral at Goldman... Wal-Mart (WMT) upgraded to Outperform from Neutral at Credit Suisse... Swift Transport (SWFT) upgraded to Buy from Neutral at Longbow... CIT Group (CIT) upgraded to Buy from Neutral at Buckingham... PDC Energy (PDCE) upgraded to Buy from Hold at Topeka... VMware (VMW) upgraded to Strong Buy from Outperform at Raymond James... Commercial Vehicle Group (CVGI) upgraded to Neutral from Underperform at RW Baird... Modine Manufacturing (MOD) upgraded to Outperform from Neutral at RW Baird.
News For ARO;AAL;CAM;CRZO;EA;FSL;IBKC;ITW;IBKR;SBH;DATA;WMT;SWFT;CIT;PDCE;VMW;CVGI;MOD From The Last 14 Days
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October 10, 2014
07:59 EDTEAElectronic Arts upgraded to Buy from Hold at Benchmark Co.
Benchmark Co. upgraded Electronic Arts to Buy with a $42.50 price target saying the company's upcoming Q2 results will likely beat expectations and drive share upside.
07:15 EDTSBHJackson Square reports 10.07% passive stake in Sally Beauty
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07:09 EDTPDCEPDC Energy initiated with an Overweight at Stephens
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07:02 EDTCITCIT Group, Century Tokyo Leasing enter partnership
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06:25 EDTCITCIT Group upgraded to Neutral from Underperform at Macquarie
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October 9, 2014
13:39 EDTVMWCisco denies rumors that it will stop investing in VCE JV, The Register reports
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13:37 EDTVMWCisco may end further investment in VCE JV, CRN reports
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13:29 EDTVMWSeveral suitors interested in acquiring VMware, dealReporter says
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09:41 EDTAROBofA/Merrill retail analysts hold an analyst/industry conference call
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08:49 EDTCRZOCarrizo Oil & Gas sell-off creates buying opportunity, says Sterne Agee
After meeting with Carizo's management and following a 30% decline in the stock since June 30, Sterne Agee is comfortable that the company can hit its informal 26 mb/d target for 2015 oil production, assuming crude bottoms above $80 per barrel. The firm says that the company has attractive oil hedges and a strong balance sheet.
October 8, 2014
11:04 EDTVMWEMC advances after activist letter, report on HP merger talks
Shares of EMC (EMC) are rising slightly in a down market after activist investor Elliott Management disclosed that it wrote in a letter to the company's board that it had heard of "acquisition interest in EMC's assets on the part of several large companies." The firm called on EMC to pursue M&A opportunities and spin off its VMware (VMW) subsidiary. WHAT'S NEW: Since July, several large companies have expressed "acquisition interest" in EMC's assets, Eliiott wrote. Acquisitions of EMC's assets by these companies would be logical from a strategic perspective, the firm added. The parties that have expressed interest could afford to buy all of EMC or a number of its assets, according to Elliott. EMC should look to spin off VMware because owning VMware is holding down the value of EMC's stock and damaging its relationship with its customers, the investor stated. VMware is hurting EMC by competing with EMC's customers, Elliott explained. Elliott Management noted that is affiliates collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC. WHAT'S NOTABLE: HP (HPQ) and EMC are still conducting due diligence on a potential merger, CNBC's David Faber reported this morning, citing sources. A deal is unlikely, but still possible, and would include a buy-in of VMware, Faber added. PRICE ACTION: In mid-morning trading, EMC rose 0.3% to $28.20, VMware slid 0.9% to $90.59 and HP dropped 1.2% to $34.80.
09:53 EDTVMWHP, EMC still doing due diligence on potential deal, CNBC reports
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08:55 EDTVMWEMC rises after VMware separation urged by Elliott Management
Shares of EMC Corp. (EMC) are higher in pre-market trading after investor Elliott Management, affiliates of which collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC, sent a letter to the company's board detailing the firm's recommendations, including a separation of VMware (VMW) from Core EMC. Shares of EMC are up about 1% to $28.39 following Elliott's public disclosure of its letter to the company's board.
08:54 EDTVMWElliott Management urges separation of VMware from EMC
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08:13 EDTAALAmerican Airlines sees 2014 total system capacity up 2.2% vs. 2013
Sees Q3 pre-tax margin 10%-12%. Sees Q3 CASM flat to up 2% ex-fuel, sees Q4 CASM up 2%-4% ex-fuel, sees FY14 CASM up 2%-4% ex-fuel. 2014 total system capacity is expected to be up approximately 2.2 percent vs. 2013 primarily due to more active aircraft and larger gauge aircraft replacing smaller gauge legacy aircraft. Full year mainline capacity is also expected to be up approximately 2.4 percent year-over-year, of which international capacity is expected to be up approximately 5 percent and domestic capacity is expected to be up approximately 1 percent vs. 2013. For the third quarter 2014, AAG expects to pay an average of between $2.95 and $3.00 per gallon of mainline jet fuel. The Company expects to take delivery of 84 mainline aircraft during 2014, consisting of 10 A319s, 43 A321s, 3 A332s, 20 B738s, 2 B788s and 6 B773s. In addition, the company expects to retire 6 A320s, 14 B734s, 19 B757s, 14 B762s and 26 MD80s by the end of 2014. In 2014, the Company expects to take delivery of 15 CRJ900 aircraft at its wholly owned subsidiary PSA Airlines. In addition, the Company’s partner airlines are expected to take delivery of 10 CRJ900 aircraft and 24 E175 aircraft. The Company expects to retire 40 ERJ140 aircraft and 2 Dash 8-100 aircraft.
08:08 EDTVMWVMware should be bought ahead of earnings, says Pacific Crest
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08:06 EDTITWGraco to sell liquid finishing business assets for $590M to Carlisle
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08:02 EDTAALAmerican Airlines reports September total RPMs down 0.2% to 16.9B
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October 7, 2014
13:40 EDTWMTWal-Mart to host a meeting
21st Annual Meeting for the Investment Community is being held on October 15 at 8:45 am. Webcast Link
10:34 EDTWMTWal-Mart cutting health insurance coverage for most part-time workers, AP says
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