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Stock Market & Financial Investment News

News Breaks
August 14, 2014
10:05 EDTSTNG, NTAP, KMP, PGR, LUX, BID, PFSW, LMCA, IFNNY, DRC, ARUN, HP, CHL, JAKK, EPB, ATHLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aruba Networks (ARUN) upgraded at Stifel... Athlon Energy (ATHL) upgraded to Outperform from Neutral at Credit Suisse... China Mobile (CHL) upgraded to Outperform from Neutral at Credit Suisse... Dresser-Rand (DRC) upgraded to Buy from Neutral at Guggenheim... El Paso Pipeline (EPB) upgraded to Equal Weight from Underweight at Morgan Stanley... Helmerich & Payne (HP) upgraded to Neutral from Underperform at Credit Suisse... Infineon (IFNNY) upgraded to Buy from Neutral at UBS... JAKKS Pacific (JAKK) upgraded to Overweight from Neutral at Piper Jaffray... Kinder Morgan Energy (KMP) upgraded to Equal Weight from Underweight at Morgan Stanley... Liberty Media (LMCA) upgraded to Overweight from Equal-Weight at Evercore... Luxottica (LUX) upgraded to Neutral from Sell at Goldman... NetApp (NTAP) upgraded to Buy from Hold at Needham... PFSweb (PFSW) upgraded at B. Riley... Progressive (PGR) upgraded to Buy from Neutral at Citigroup... Scorpio Tankers (STNG) upgraded to Outperform from Neutral at Credit Suisse... Sotheby's (BID) upgraded to Perform from Underperform at Williams Capital.
News For ARUN;ATHL;CHL;DRC;EPB;HP;IFNNY;JAKK;KMP;LMCA;LUX;NTAP;PFSW;PGR;STNG;BID From The Last 14 Days
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May 18, 2015
10:01 EDTSTNGOn The Fly: Analyst Initiation Summary
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06:42 EDTSTNGScorpio Tankers initiated with a Neutral at JPMorgan
Target $11.
May 15, 2015
07:09 EDTHPHayman Capital gives quarterly update on stakes
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May 14, 2015
10:00 EDTHPOn The Fly: Analyst Downgrade Summary
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08:49 EDTHPHelmerich & Payne downgraded to Equal Weight at Stephens
As previously reported, Stephens downgraded Helmerich & Payne to Equal Weight from Overweight citing the firm's outlook for reduced U.S. onshore spending. The firm said it remain convicted in H&P as a core holding, but that its "hard to get excited" about shares at these levels. Stephens lowered its price target on Helmerich & Payne to $74 from $79.
07:43 EDTJAKKB. Riley to hold a conference
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07:27 EDTHPHelmerich & Payne downgraded to Equal Weight from Overweight at Stephens
06:24 EDTNTAPCiti expects 'lukewarm' Q4 results from NetApp
Citigroup expects NetApp to report "lukewarm" Q4 results on Wednesday amid "soft" underlying storage demand and "modest" currency pressure. The company's sales and earnings are likely to be in-line to a slight miss relative to consensus, Citi believes. The firm says that while the stock's valuation "looks interesting," it keeps a Neutral rating on the name with a $39 price target.
May 11, 2015
16:18 EDTPFSWPFSweb reaffirms 2015 service fee equivalent revenue outlook
The company said "PFSweb reaffirmed its 2015 service fee equivalent revenue guidance to range between $160 million and $170 million, which reflects growth of 15% to 23% from 2014. The company also reaffirmed its adjusted EBITDA target to range between $16 million and $18 million, which reflects growth of 17% to 32% from 2014. This guidance excludes the impact of potential future acquisitions."
16:18 EDTPFSWPFSweb reports Q1 EPS (10c), consensus (11c)
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13:17 EDTCHLMicrosoft invests in subsea cables to connect datacenters globally
Microsoft (MSFT) announced in a blog post that over the past nine months, "Microsoft has been significantly investing in subsea and terrestrial dark fiber capacity by engaging in fiber partnerships that span multiple oceans and continents. And today, our connections across the Atlantic and Pacific just got stronger.We announced deals with Hibernia and Aqua Comms, in which Microsoft is investing in a cable with each company to connect Microsoft’s datacenter infrastructure from North America to Ireland and on to the United Kingdom. These cables will help deliver data at higher speeds, with higher capacity and lower latency for our customers across the globe. Additionally, we joined a consortium comprised of China Mobile (CHL), China Telecom (CHA), China Unicom (CHU), Chunghwa Telecom (CHT), KT Corporation (KT) with TE SubCom as the cable supplier. As part of our participation in the consortium, Microsoft will invest in its first physical landing station in the US connecting North America to Asia. The New Cross Pacific Cable Network will provide faster data connections for customers, aid Microsoft in competing on cloud costs, all while creating jobs and spurring local economies. The goal of our expansions and investments in subsea cables is so our customers have the greatest access to scale and highly available data, anywhere." Reference Link
09:59 EDTNTAPOn The Fly: Analyst Downgrade Summary
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07:29 EDTNTAPNetApp cut to sell on competition concerns at Pacific Crest
Pacific Crest downgraded NetApp (NTAP) to Underperform from Sector Perform saying the company's competitive threats are likely to increase this summer with new storage appliances from Nimble (NBML), Pure, Nutanix, Solidfire and Tintri as well as Amazon entering the Cloud network-attached storage space. The assigns a fair value target of $32 for shares. NetApp closed Friday up 8c to $35.65.
07:25 EDTSTNGScorpio Tankers agrees to acquire 4 LR2 product tankers
Scorpio Tankers announced that it has entered into agreements to purchase four LR2 product tankers and has recently taken delivery of three newbuilding vessels. The company reached agreements with two unrelated third parties to purchase an aggregate of four LR2 product tankers currently under construction at Sungdong Shipbuilding and Marine Engineering and Daehan Shipbuilding for approximately $60.0M each. These vessels are expected to be delivered between June and August.
07:12 EDTBIDSotheby's reports Q1 adjusted EPS 11c, consensus 0c
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06:34 EDTNTAPNetApp downgraded to Underperform from Sector Perform at Pacific Crest
06:32 EDTJAKKJAKKS Pacific management to meet with Needham
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05:07 EDTLUXJD.com announces partnership with Luxottica
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May 8, 2015
13:34 EDTBIDSotheby's technical comments ahead of earnings
The shares made a strong advance off the October lows of last year, with a continuation of that trend into February of this year. Since then price has been more range-bound with a low of $40 and a high of $45. Breaks of either end of this range may therefore give some sense of where the stock could go post-earnings. If the news is bullish and there is a breakout above $45 it would resolve the range bullishly and reconnect to the prior uptrend. Additional resistance levels to watch as potential upside objectives would be at $46.65, $48.57, and the $50 area. If the news is bearish, we could expect to see a drift down to the range low at $40. It might take extreme negative news to break support at that level, in which case the following supports could become downside objectives: $38.21, and $37.08.
08:02 EDTLMCALiberty Media reports Q1 revenue $1.08B, consensus $1.1B
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