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Stock Market & Financial Investment News

News Breaks
November 26, 2012
10:00 EDTHNZ, VRSN, CCK, AKZOY, ARO, ILMN, MCD, CYH, BLL, HMC, WAIR, HMA, CHS, AGUOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Aeropostale (ARO) downgraded to Neutral from Buy at Janney Capital... Agrium (AGU) downgraded to Neutral from Overweight at Atlantic Equities... AkzoNobel (AKZOY) downgraded to Sell from Neutral at Citigroup... Ball (BLL) downgraded to Hold from Buy at Deutsche Bank... Chico's FAS (CHS) downgraded to Market Perform from Outperform at FBR Capital... Community Health (CYH) downgraded to Neutral from Outperform at RW Baird... Crown Holdings (CCK) downgraded to Hold from Buy at Deutsche Bank... Health Management (HMA) downgraded to Neutral from Outperform at RW Baird... McDonald's (MCD) downgraded to Neutral from Buy at Lazard Capital... Vanguard Health (VHS) downgraded to Neutral from Outperform at RW Baird... VeriSign (VRSN) downgraded to Equal Weight from Overweight at First Analysis... Wesco Aircraft (WAIR) downgraded to Underperform from Buy at BofA/Merrill... Illumina (ILMN) downgraded to Neutral from Outperform at RW Baird... Heinz (HNZ) downgraded to Hold from Buy at Stifel Nicolaus... Honda (HMC) downgraded to Neutral from Outperform at Macquarie.
News For ARO;AGU;BLL;AKZOY;CHS;CYH;CCK;HMA;MCD;VRSN;WAIR;ILMN;HNZ;HMC From The Last 14 Days
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January 21, 2015
17:27 EDTMCDMcDonald's franchisees expect sales decline, CNBC reports
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13:53 EDTHMCGoldman cuts rating on auto dealers citing below consensus U.S. sales view
Goldman Sachs lowered its outlook on auto dealers to Cautious from Neutral, citing several factors, including its belief that U.S. auto sales growth will be "essentially flat" this year. The firm also downgraded its rating on one of the companies in the sector, AutoNation (AN), to Neutral from Buy and removed the stock from its Americas Buy List. WHAT'S NEW: U.S. auto sales will probably rise less than 1% this year on a seasonally adjusted basis, Goldman analyst Patrick Archambault wrote in a note to investors today. Archambault indicated that his U.S. auto sales estimate is significantly below analysts' consensus outlook. Incentive deals and sales to subprime customers last year will probably negatively affect sales growth this year, the analyst stated. Additionally, the growth of dealers' revenue from parts and service is likely to slow this year after a series of major auto recalls were carried out last year, Archambault warned. Dealers may also be hurt by the regulation of auto lenders by the Consumer Financial Protection Bureau, since lenders and dealers split the profits from interest rate markups, the analyst stated. Finally, dealers are trading at a valuation that is 13% above their ten year average, according to Archambault. The analyst cut his rating on AutoNation to Neutral from Buy, based partly on valuation and his belief that the stock's near-term catalysts have diminished after it implemented a rebranding strategy and enhanced its digital systems. Over the medium term, the company's growth prospects will be limited by weak U.S. auto sales growth this year, added Archambault. However, the analyst continues to identify AutoNation as his favorite auto dealer stock. Other auto dealers covered by the analyst include Penske (PAG), which he rates Neutral, and Group 1 (GPI) and Sonic Automotive (SAH), both of which are rated Sell by the analyst. WHAT'S NOTABLE: Automakers whose shares could be negatively affected if the analyst's forecast for anemic U.S. sales growth proves to be accurate include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). PRICE ACTION: In mid-afternoon trading, AutoNation lost 1.2% to $57.12, Sonic Auto lost 1% to $25.18, Group 1 fell 2.5% to $77.40, and Penske climbed 1% to $47.09.
10:24 EDTILMNIllumina pulls back following State of the Union address
Shares of Illumina (ILMN) rose yesterday after a biotech industry website reported that President Obama might unveil a major new genomics project during his State of the Union address last night. That speculation was backed as a possibility by an analyst at Wells Fargo ahead of last night's address. In the speech, President Obama unveiled what he called his Precision Medicine Initiative, which relies on genomics to "deliver(s) the right treatment at the right time." Obama spent far more time, however, discussing economic growth and foreign relations than healthcare. Illumina shares are down 3% to $190.64 in early trading today.
10:01 EDTAGUOn The Fly: Analyst Downgrade Summary
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09:19 EDTMCDMcDonald's January volatility elevated into Q4
McDonald's January weekly call option implied volatility is at 48, February is at 25, March is at 21, June at 18; compared to its 26-week average of 18 according to Track Data, suggesting large near term price movement into the expected release of Q4 on January 23.
09:08 EDTAGUAgrium downgraded to Hold from Buy at Miller Tabak
January 20, 2015
13:45 EDTILMNIllumina rises as genomics project seen being announced in State of the Union
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11:24 EDTILMNIllumina could see headline boost from U.S. genomics project, says Wells Fargo
After biotech industry publication BioCentury said Friday that the president may announce a new genomics project to sequence up to one million human genomes as part of his State of the Union speech tonight, Wells Fargo said that it believes such an announcement could be a headline catalyst for Illumina since it would mean the U.S. needs additional sequencing capacity. However, such a project would be long-term in nature, Wells Fargo cautioned, adding that such a plan would more likely support existing Illumina growth assumptions than push those forecasts up. Shares of Illumina are up 6% to $194.85 in morning trading ahead of tonight's speech by the president.
08:26 EDTAGUAgrium preferred over Potash, Mosaic at Canaccord
Canaccord said they prefer Agrium (AGU) over both Potash (POT) and Mosaic (MOS). Mosaic raised its guidance due to its phosphate business, but with a lack of catalysts expected in the potash market in 2015 the firm continues to see solid growth volume, increasing nitrogen margins, and free cash flow expansion for Agrium. Canaccord maintains its Buy rating on Agrium and its Hold rating on both Mosaic and Potash shares.
07:18 EDTCYHCommunity Health sees Q4 EPS $1.23, consensus $1.20
Sees Q4 net operating revenue approx. $4.9B, consensus $5.06B. Excluding acquisition and integration expenses from the acquisition of Hospital Management Associates, legal expenses related to the HMA legal proceedings underlying the CVR agreement, and expenses related to other government legal settlements, adjusted EBITDA is expected to be approximately $785M for the three months ended December 31, 2014.
07:18 EDTCYHCommunity Health Sees FY14 EPS $3.29, consensus $3.21
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05:51 EDTBLL, CCKU.S. Paper & Packaging sector raiseed to Positive at Barclays
Barclays upgraded the U.S. Paper & Packaging sector to Positive from Neutral saying stocks in the space offer investors an attractive alternative in 2015 due to improving demand and input cost reductions. The firm calls Containerboard its preferred subsector, and recommends a long position in Crown Holdings (CCK) versus Ball Corp. (BLL). The firm downgraded the latter to Equal Weight from Overweight. Barclays also upgraded to Overweight shares of Avery Dennison (AVY). It calls Berry Plastics (BERY) a top pick.
05:44 EDTWAIRWesco Aircraft downgraded to Underweight from Equal Weight at Barclays
Barclays downgraded Wesco Aircraft to Underweight citing low visibility amid ongoing executive departures. The firm lowered its price target for shares to $13 from $16.
05:40 EDTBLLBall Corp. downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded Ball Corp. to Equal Weight citing a lack of earnings momentum. The firm dropped its price target for shares to $59 from $66.
January 19, 2015
16:28 EDTAGUMosaic raises Q4 EPS outlook to 83c-88c, consensus 57c
The Mosaic Company announced that it expects reported phosphates volume and phosphates and potash margins to exceed previously provided guidance ranges, and that potash volumes will be at the high end of guidance range, resulting in Q4 earnings per share in the range of 93c-98c, including 10c in net benefits from notable items. The notable items include early estimates of discrete tax benefits, primarily related to the acquisition of a Brazilian distribution business, which may change. The company expect earnings, excluding notable items, to be in the range of 83c-88c. The consensus EPS estimate is 57c..Mosaic stated, "Demand for potash and phosphates exceeded our expectations during the fourth quarter,. We were cautiously optimistic going into the fall application season with good crop nutrient affordability and an empty supply chain, but customers came to the market in force, as they sought to position inventory in anticipation of a strong spring season and increasing crop nutrient prices...Our Phosphates business sold 3.3 million tonnes of finished product during the quarter - well above our expectations - and our Potash business produced at a high operating rate due to a successful proving run at the Colonsay mine." Mosaic's peers include Potash (POT) and Agrium (AGU).
January 16, 2015
10:47 EDTCYHBofA/Merrill healthcare facilities analyst analyst/industry conference call
Healthcare Facilities & Managed Care Analyst Bressler discusses the legislative and regulatory outlook for the industry for 2015 on an Analyst/Industry conference call to be held on January 23 at 2 pm.
January 15, 2015
06:36 EDTMCDMcDonald's experimenting with new concepts in Australia, Reuters says
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January 14, 2015
09:54 EDTMCDMcDonald's slips after Ackman says rumored investment 'unlikely'
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09:46 EDTMCDAckman says 'unlikely' to invest in McDonald's, Bloomberg reports
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06:55 EDTMCDMcDonald's Japan finds plant doesn't use plastic found in McNugget, Reuters says
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