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Stock Market & Financial Investment News

News Breaks
May 23, 2014
09:59 EDTANFI, WOPEY, LNEGY, COVS, AFL, VOXX, HAIN, CAJ, ARO, SALE, GAINOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Aeropostale (ARO) downgraded to Sector Perform from Outperform at RBC Capital... Aflac (AFL) downgraded to Equalweight from Overweight at Barclays... Amira Nature Foods (ANFI) downgraded to Hold from Buy at Jefferies... Canon (CAJ) downgraded to Underperform from Neutral at Credit Suisse... Covisint (COVS) downgraded to Sector Perform from Outperform at Pacific Crest... Gladstone Investment (GAIN) downgraded to Neutral from Buy at Ladenburg... Hain Celestial (HAIN) downgraded to Hold from Buy at Jefferie... Linde (LNEGY) downgraded to Neutral from Buy at Goldman... RetailMeNot (SALE) downgraded at Stife... VOXX International (VOXX) downgraded to Hold from Buy at Craig-Hallum... Woodside Petroleum (WOPEY) downgraded to Neutral from Overweight at JPMorgan.
News For ARO;AFL;ANFI;CAJ;COVS;GAIN;HAIN;LNEGY;SALE;VOXX;WOPEY From The Last 14 Days
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September 4, 2015
11:05 EDTHAINWhiteWave, Hain outperform down market after William Blair says buy
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10:00 EDTHAINOn The Fly: Analyst Initiation Summary
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09:06 EDTCAJCanon announces strategic partnership with University of Notre Dame
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07:59 EDTHAINHain Celestial initiated with an Outperform at William Blair
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September 2, 2015
17:47 EDTVOXXVOXX completes acquisition of controlling stake in EyeLock
VOXX International Corporation announced that it has successfully completed its acquisition, effective September 1, to acquire a controlling stake of biometrics leader, EyeLock. VOXX has acquired a 54% equity interest in a newly formed subsidiary, EyeLock LLC, which now owns all of the intellectual property and substantially all of the other assets of EyeLock. and its subsidiary EyeLock Corp., and has assumed certain of their liabilities. The total purchase price, inclusive of prior investments, is approximately $20.2M. The Company also disclosed that it has entered into a Loan Agreement with EyeLock LLC, providing up to $10M for working capital purposes in the form of a secured credit facility. Pat Lavelle, VOXX International's President and CEO, stated, "This acquisition holds great potential for our Company and our shareholders as biometrics increasingly has become a desired authentication mechanism for the Internet of Things, and for increased access management and security measures. With EyeLock, we believe we have invested in the fastest and most secure iris-authentication technology in the market, and a company that has significant potential to capture an increasing share of a market that is expected to increase to over $20B within the next five years. I look forward to working with Jim Demitrieus, EyeLock's CEO and his team, leveraging our combined resources and expanding our reach with both existing and new distribution partners, enterprises, government agencies, and global technology leaders. This is a major milestone for VOXX and I'm excited about the opportunities this transaction should generate in the coming years." The Company further reiterated that it has expanded on its existing supply chain and distribution relationship with EyeLock and will now play a larger role in the distribution and sale of EyeLock's suite of products. Prior to the transaction, VOXX had served as the exclusive distribution partner of myris to retailers in North America and throughout Europe.
August 31, 2015
18:20 EDTAROForever 21 seeks $150M loan, WSJ says
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August 28, 2015
10:02 EDTCAJOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADP (ADP) upgraded to Outperform from Market Perform at William Blair... ASML (ASML) upgraded to Buy from Hold at Berenberg... Abercrombie & Fitch (ANF) upgraded on Hollister fundamentals at RBC Capital... Akamai (AKAM) upgraded to Outperform from Market Perform at JMP Securities... Ares Capital (ARCC) upgraded to Outperform from Market Perform at Raymond James... Banco Santander (SAN) upgraded on valuation at Deutsche Bank... CIBC (CM) upgraded to Neutral from Underperform at Credit Suisse... Canon (CAJ) upgraded to Hold from Sell at Deutsche Bank... Citi (C) upgraded to Buy from Neutral at Guggenheim... Ctrip.com (CTRP) upgraded to Buy from Hold at Stifel... El Pollo Loco (LOCO) upgraded at Stifel... Genomic Health (GHDX) upgraded to Market Perform from Underperform at Raymond James... Golar LNG (GLNG) upgraded on valuation, upcoming project completion at Stifel... Habit Restaurants (HABT) upgraded to Buy from Hold at Stifel... Helmerich & Payne (HP) upgraded to Overweight from Equal Weight at Stephens... Himax (HIMX) upgraded to Outperform from Neutral at Credit Suisse... Huntington Bancshares (HBAN) upgraded to Buy from Neutral at Guggenheim... InterContinental (IHG) upgraded to Outperform from Neutral at Credit Suisse... Knight Transportation (KNX) upgraded to Strong Buy on valuation at Raymond James... LogMeln (LOGM) upgraded to Overweight from Sector Weight at Pacific Crest... Patterson Companies (PDCO) upgraded to Overweight from Neutral at Piper Jaffray... Qunar (QUNR) upgraded on valuation, positive catalysts at Stifel... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ryder (R) upgraded to Strong Buy from Outperform at Raymond James... SVB Financial (SIVB) upgraded to Buy from Neutral at DA Davidson... Seagate (STX) upgraded to Buy from Hold at Cross Research... Sinopec (SNP) upgraded to Neutral from Sell at Citi... Summit Hotel Properties (INN) upgraded to Outperform at Baird... Texas Capital (TCBI) upgraded to Buy from Neutral at DA Davidson... The Medicines Co. (MDCO) upgraded to Buy from Hold at Jefferies... U.S. Bancorp (USB) upgraded to Buy from Neutral at Guggenheim... Weatherford (WFT) upgraded to Overweight from Equal Weight at Stephens.
09:32 EDTCAJCanon upgraded to Hold from Sell at Deutsche Bank
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09:23 EDTAROOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Big Lots (BIG), up 11.1%... Smith & Wesson (SWHC), up 4.8%... Splunk (SPLK), up 3%... Freeport-McMoRan (FCX), up 14.3% after Carl Icahn reported a 8.46% stake in the company... United Continental (UAL), up 5.8% after being added to S&P 500... Activision Blizzard (ATVI), up 5.8% after being added to S&P 500... DOWN AFTER EARNINGS: Violin Memory (VMEM), down 23.9%... bebe stores (BEBE), down 19.8%... Autodesk (ADSK), down 4.2%... Aeropostale (ARO), down 4%. ALSO LOWER: Peabody Energy (BTU), down 6.6% after Moody's downgraded the company to Caa1.
08:32 EDTAROAeropostale price target lowered to $1.25 from $2.50 at Jefferies
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August 27, 2015
18:52 EDTAROOn The Fly: After Hours Movers
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16:06 EDTAROAeropostale sees Q3 EPS (30c)-(38c), consensus (31c)
Aeropostale CEO Geiger said, "We are encouraged by our progress during the initial part of the Back-To-School season, especially the significant improvement in our girls business. Our third quarter outlook reflects a continuation of the momentum we have generated in the quarter-to-date period. This guidance indicates a significant reduction in operating loss versus last year."
16:05 EDTAROAeropostale reports Q2 adjusted EPS (56c), consensus (55c)
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14:58 EDTARONotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Autodesk (ADSK), consensus 17c... ULTA Beauty (ULTA), consensus $1.12... Splunk (SPLK), consensus 2c... GameStop (GME), consensus 25c... Veeva (VEEV), consensus 11c... OmniVision (OVTI), consensus 39c... Aeropostale (ARO), consensus (55c).
10:00 EDTAFLOn The Fly: Analyst Upgrade Summary
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06:19 EDTAFLAflac upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette upgraded Aflac to Outperform given the sell off in shares. The firm views Aflac as one of the more defensive life insurers given no direct equity sensitivity, below average interest rate risk, and an improved investment portfolio. Keefe Bruyette has a $68 price target on shares.
August 25, 2015
07:07 EDTAROAeropostale August weekly volatility elevated into Q2 and outlook
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