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Stock Market & Financial Investment News

News Breaks
May 29, 2014
10:26 EDTPLUS, SGY, SCYX, GBNK, EXAM, CLMT, ATML, TOT, SLW, RGLD, FNV, CLNE, BLDR, ARUN, TXMD, SABR, PAHC, FRP, CSG, BANCOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Aruba Networks (ARUN) management to meet with Piper Jaffray... Atmel (ATML) initiated with an Outperform at Imperial Capital... Banc of California (BANC) initiated with a Buy at BofA/Merrill... Builders FirstSource (BLDR) initiated with a Hold at Stifel... Calumet Specialty Products (CLMT) initiated with a Market Perform at Wells Fargo... Chambers Street Properties (CSG) initiated with an Outperform at Wells Fargo... Clean Energy (CLNE) initiated with an Overweight at Morgan Stanley... ExamWorks (EXAM) initiated with a Buy at Deutsche Bank... FairPoint (FRP) initiated with a Market Perform at Wells Fargo... Franco-Nevada (FNV) initiated with an Equal Weight at Morgan Stanley... Guaranty Bancorp (GBNK) initiated with a Neutral at Sterne Agee... Phibro Animal Health (PAHC) initiated with an Outperform at Macquarie... Royal Gold (RGLD) initiated with an Overweight at Morgan Stanley... SCYNEXIS (SCYX) initiated with a Buy at Canaccord... Sabre (SABR) initiated with an Outperform at Bernstein... Silver Wheaton (SLW) initiated with an Equal Weight at Morgan Stanley... Stone Energy (SGY) initiated with a Buy at Brean Capital... TherapeuticsMD (TXMD) initiated with a Buy at Jefferies... Total (TOT) initiated with a Hold at Jefferies... ePlus (PLUS) initiated with an Outperform at William Blair.
News For ARUN;ATML;BANC;BLDR;CLMT;CSG;CLNE;EXAM;FRP;FNV;GBNK;PAHC;RGLD;SCYX;SABR;SLW;SGY;TXMD;TOT;PLUS From The Last 14 Days
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July 2, 2015
07:14 EDTTOTInterOil and Total's Papua New Guinea LNG project sites selected
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05:34 EDTCSGChambers Street Properties downgraded to Market Perform at Wells Fargo
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July 1, 2015
13:05 EDTCSGOn The Fly: Top stock stories at midday
Stocks on Wall Street remain higher at midday but off their best levels, which were achieved shortly after the open. The strength is being largely attributed to hopes for a resolution to the Greek crisis, but the move was also supported by better than expected domestic data on employment, construction and manufacturing. ECONOMIC EVENTS: In the U.S., ADP reported the addition of 237,000 private sector jobs in June, versus expectations for 218,000 job additions. Markit's manufacturing purchasing managers' index for June came in at 53.6, narrowly topping the 53.4 forecast. ISM's manufacturing index rose to 53.5 in June, topping May's 52.8 reading and the 53.2 consensus forecast. Construction spending rose 0.8% in May, versus the expected growth of 0.5%. In China, manufacturing PMI's came in short of expectations. The HSBC/Markit PMI slipped to a final 49.4 in June from the flash reading of 49.6 reading, while the official manufacturing PMI fell to 50.1 in June from 50.9 in May. In Europe, Greece officially missed its $1.7B payment to the International Monetary Fund, becoming the first developed country to do so. The Financial Times then reported the Greek government was indicating it was willing to make concessions that get it much closer to creditor demands. The new proposal for budget cuts and policy overhauls from Prime Minister Alexis Tsipras was dismissed by European officials, however, and uncertainty remains high surrounding the next steps in Europe. COMPANY NEWS: In a blockbuster deal in the insurance industry, ACE Limited (ACE) agreed to acquire Chubb (CB) in a transaction valued in excess of $28B in cash and stock. ACE said it expects that the deal will be immediately accretive to EPS and book value, and by year three, the transaction will be accretive to EPS on a double-digit basis and will be accretive to ROE. The combined company is expected to be the number one global Property and Casualty insurance company by P&C underwriting income and the number two U.S. public P&C insurer by market cap. ACE shares advance 2% following the deal announcement, while Chubb surged 29%... General Motors (GM) reported its U.S. sales fell 3% in June compared to the same month of last year, while Ford (F) said its sales grew 1.6% last month compared to last year. FCA US, the parent of the Chrysler and Jeep brands, reported U.S. sales increased 8% compared with sales in June 2014. MAJOR MOVERS: Among the notable gainers was Schnitzer Steel (SCHN), which rose 14% after BofA Merrill Lynch upgraded the shares two notches to Buy from Underperform and raised its price target to $21, saying it believes scrap pricing should be nearing a trough with stability expected ahead. Also higher were shares of Dycom (DY), which gained 7% after the company raised its fourth quarter guidance for both earnings and revenue and announced a $40M stock repurchase program. Among the noteworthy losers was Chambers Street Properties (CSG), which fell 8% after announcing a merger agreement with Gramercy Property Trust (GPT), whose shares also slipped 3% following the announcement of the stock-for-stock transaction. Also lower were shares of Peabody Energy (BTU), which dropped 24% after cutting its second quarter guidance on Tuesday night. The company sees its adjusted EPS below its original target due to multiple factors, including flash flood events in June and price drops in Australian metallurgical coal. INDEXES: Near midday, the Dow was up 88.42, or 0.5%, to 17,707.93, the Nasdaq was up 13.01, or 0.26%, to 4,999.88, and the S&P 500 was up 8.62, or 0.42%, to 2,071.73.
07:55 EDTCSGChambers Street Properties & Gramercy Property Trust host joint conference call
Conference call to discuss merger agreement will be held on July 1 at 8:30am. Webcast Link
07:09 EDTCSGChambers Street, Gramercy Property to continue dividend policy until deal close
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07:08 EDTCSGChambers Street, Gramercy Property merger has enterprise value of approx. $5.7B
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07:08 EDTCSGChambers Street Properties, Grammercy Property Trust announce merger agreement
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07:06 EDTCSGChambers Street, Gramercy Property Trust announce merger agreement
June 30, 2015
11:38 EDTTOTAmyris agrees to restructure fuels joint venture with Total
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10:48 EDTPAHCPhibro Animal Health moves up following a positive mention by Navellier
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07:13 EDTSABRNasdaq to hold a conference
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June 26, 2015
06:22 EDTTOTTotal in talks to sell U.K. gas pipeline to ArcLight, Bloomberg reports
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June 25, 2015
10:00 EDTSGYOn The Fly: Analyst Initiation Summary
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05:27 EDTSGYStone Energy initiated with an Outperform at Imperial Capital
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June 24, 2015
10:00 EDTFNVOn The Fly: Analyst Upgrade Summary
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08:09 EDTFNVFranco-Nevada upgraded to Outperform from Market Perform at Raymond James
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07:19 EDTTOTU.K. panel to decide on first fracking in area since 2011, WSJ reports
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June 23, 2015
09:36 EDTATMLAtmel estimates lowered at Cleveland Research
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07:34 EDTSGYGlobal Hunter Securities to hold a conference
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June 22, 2015
07:34 EDTTOTTullow says it settled capital gains tax dispute with Uganda government
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