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Stock Market & Financial Investment News

News Breaks
January 29, 2014
10:00 EDTIBKR, FSL, CAM, CVGI, CIT, DATA, ITW, EA, AAL, VMW, SWFT, SBH, IBKC, CRZO, ARO, MOD, PDCE, WMTOn 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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April 23, 2015
15:00 EDTFSLNotable companies reporting after market close
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10:00 EDTCAMCameron says pricing pressures in subsea business are 'substantial'
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09:56 EDTCAMCameron expects to ship out $5.7B of its backlog in 2015
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09:51 EDTCAMCameron expects Q2 margins to come down a bit from Q1
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09:41 EDTCAMCameron backs FY15 new subsea orders at or above levels in 2014
09:40 EDTCAMCameron says downturn in spending hitting N American harder than international
The company says the speed of cyclical downturn is creating uncertainty for all businesses and says there's "not much to gain" from predicting the length and depth of the cycle. Comments taken from Q1 earnings conference call.
07:38 EDTCAMCameron says cyclical downturn represents increasing headwind relative to Q1
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07:37 EDTCAMCameron reports Q1 orders and backlog declined sequentially
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07:37 EDTCAMCameron reports Q1 EPS excluding items 91c, consensus 70c
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07:23 EDTITWIllinois Tool Works management to meet with Deutsche Bank
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07:17 EDTAALSenate Commerce, Science & Transportation Committee to hold a hearing
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05:05 EDTIBKCIBERIABANK reports Q1 EPS ex-items 95c, consensus 98c
Reports Q1 book value per share $56.77. Reports Q1 Tier 1 capital ratio 10.19%. Reports Q1 net charge-offs 0.06%.
April 22, 2015
18:12 EDTAALAmerican Airlines transitioning CEO pay to 100% equity incentives
In a regulatory filing, American Airlines reports that on April 20, its board of directors adjusted the compensation program for CEO W. Douglas Parker to provide 100% of direct compensation in the form of equity incentives effective May 1. The company will no longer pay Parker a cash base salary, and he will not participate in the company’s annual cash incentive program. On April 20, the committee granted Parker 207,672 restricted stock units, with 54% of the RSUs tied to performance-vesting conditions and 46% of the RSUs tied to time-vesting conditions.
15:50 EDTCAMNotable companies reporting before tomorrow's open
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14:47 EDTFSLEarnings Watch: Texas Instruments reports amid M&A focus in semiconductor space
Texas Instruments (TXN) is expected to report first quarter earnings after the close on Wednesday, April 22, with a conference call scheduled for 5:30 pm ET. Texas Instruments is a global semiconductor manufacturer operating in four segments: Analog, Embedded Processing, Wireless and Other. EXPECTATIONS: Analysts are looking for earnings per share of 62c on revenue of $3.2B. The consensus range is 61c-64c for EPS on revenue of $3.18B-$3.21B, according to First Call. On its last earning call, Texas Instruments said it expected Q1 EPS of 57c-67c and revenue of $3.07B-$3.33B. LAST QUARTER: On January 26, Texas Instruments reported adjusted fourth quarter EPS of 69c, which matched consensus expectations at that time. Its Q4 revenue of $3.27B came in just above the consensus forecast of $3.26B. Texas Instruments said its inventory ended the quarter at 117 days and noted on its associated conference call that it believe inventories were at "healthy levels." Texas Instruments also said then that it expected its embedded operating margins to increase. STREET RESEARCH: The day after TI's last quarterly report, Ascendiant raised its price target for Texas Instruments shares to $64 from $56 and reiterated a Buy rating on the stock. The firm attributed the post-earnings slide the stock experienced then to profit taking, rather than a fundamental disappointment. That same week, Argus increased its price target on Texas Instruments to $62 from $54 and said it expected the company's operating trends to continue to strengthen. Argus kept a Buy rating on the shares. Acquiring companies in the semiconductor space "can materially outperform the market," Jefferies analyst Mark Lipacis wrote in a note to investors on March 9. At that time, Lipacis identified Texas Instruments, NXP Semiconductors (NXPI), Avago (AVGO), Marvell (MRVL), Maxim Integrated (MXIM), Broadcom (BRCM), Altera (ALTR), and Xilinx (XLNX) as companies that were well-positioned to make acquisitions in the future. WHAT'S NOTABLE: On March 1, NXP Semiconductors and Freescale Semiconductor (FSL) announced that they have entered into a definitive agreement under which NXP will merge with Freescale in a transaction valuing the combined enterprise at just over $40B. Recent media reports suggested that Intel's (INTC) talks to acquire Altera stalled when the latter wanted more than Intel was willing to pay. PRICE ACTION: Since the day after last quarter's report, Texas Instruments' stock has rallied nearly 7%. In afternoon trading, Texas Instruments gained over 1% to $58.76.
08:30 EDTVMWVMware momentum appears to be building, says RBC Capital
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08:19 EDTVMWVMware shares compelling at current levels, says Pacific Crest
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08:16 EDTVMWSeveral companies to benefit from hybrid cloud growth, says Pacific Crest
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07:57 EDTVMWVMware price target raised to $102 from $92 at Goldman
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07:29 EDTITWIllinois Tool Works management to meet with Deutsche Bank
Meeting to be held in New York on April 22 hosted by Deutsche Bank.
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