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Stock Market & Financial Investment News

News Breaks
January 8, 2013
10:00 EDTSRC, RTN, MYL, FTI, EMC, BHI, NE, ATK, ROK, JBLU, ES, CF, AZO, DDR, NOC, NOV, FIO, EMR, BPI, ASBCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Associated Banc-Corp (ASBC) downgraded to Hold from Buy at Deutsche Bank... AutoZone (AZO) downgraded to Underweight from Equal Weight at Morgan Stanley... Baker Hughes (BHI) downgraded to Sector Perform from Outperform at RBC Capital... Bridgepoint Education (BPI) downgraded to Equal Weight from Overweight at Barclays... CF Industries (CF) downgraded to Market Perform from Outperform at BMO Capital... EMC (EMC) downgraded to Market Perform from Outperform at William Blair... Emerson (EMR) downgraded to Equal Weight from Overweight at Morgan Stanley... EnergySolutions (ES) downgraded to Market Perform from Outperform at FBR Capital... FMC Technologies (FTI) downgraded to Sector Perform from Outperform at RBC Capital... Fusion-io (FIO) downgraded to Market Perform from Outperform at William Blair... JetBlue (JBLU) downgraded to Hold from Buy at Deutsche Bank... Mylan (MYL) downgraded to Equal Weight from Overweight at Morgan Stanley... National Oilwell (NOV) downgraded to Sector Perform from Outperform at RBC Capital... Rockwell (ROK) downgraded to Underweight from Equal Weight at Morgan Stanley... Raytheon (RTN) downgraded to Neutral from Overweight at JPMorgan... Northrop Grumman (NOC) downgraded to Underweight from Neutral at JPMorgan... Alliant Techsystems (ATK) downgraded to Neutral from Outperform at Cowen... Spirit Realty (SRC) downgraded to Market Perform from Outperform at Raymond James... DDR Corp. (DDR) downgraded to Hold from Buy at Jefferies... Noble Corp. (NE) downgraded to Market Perform from Outperform at Raymond James.
News For ASBC;AZO;BHI;BPI;CF;EMC;EMR;ES;FTI;FIO;JBLU;MYL;NOV;ROK;RTN;NOC;ATK;SRC;DDR;NE From The Last 14 Days
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August 21, 2015
16:01 EDTEMCOptions Update; August 21, 2015
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15:22 EDTMYLMylan clarifies certain inaccuracies related to lowered condition to acquire Perrigo
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13:05 EDTBHIBaker Hughes reports U.S. rig count up 1 to 885
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12:17 EDTCFDeere slides after Q3 results and outlook impacted by deteriorating farm economy
Despite reporting third quarter results that surpassed analyst expectations, shares of farm equipment maker Deere (DE) are falling after the company said it sees farm equipment sales for the year lower than previously thought, as the downturn in the agricultural economy continues. WHAT'S NEW: Deere reported Q3 EPS of $1.53, down from $2.33 in the year-ago quarter, and revenue of $7.6B, down 20% from last year's Q3. Analysts' consensus estimates for Q3 were for EPS of $1.44 on revenue of $7.17B. John Deere's Chief Executive Officer Samuel Allen said, "John Deere's third quarter results reflected the continuing impact of the downturn in the farm economy as well as lower demand for construction equipment." WHAT'S NOTABLE: Looking ahead, the farm equipment maker forecast full year 2015 world-wide sales of its farm equipment to be lower by about 25% for the year compared to the 24% it forecast in May with its Q2 report. On its Q3 earnings conference call, the company said crop prices are stabilizing near the long-term average and the dairy sector remains under pressure. Beef prices remain solid while pork prices remain at low levels, Deere added. In China, the company sees continued slowdown in economic growth, lower commodity prices impacting agricultural economy, and mechanizing trends and ongoing subsidies supportive of agriculture. In India, the company sees positive consumer and investor sentiment supporting economic growth, and two consecutive below normal monsoon seasons impacting farm incomes. In the Commonwealth of Independent States, the company sees a continued deterioration of economic growth and credit conditions remaining challenged. Deere sees crop value of agricultural production in Brazil to decrease 11% in 2015. PRICE ACTION: Shares of Deere are down $6.04, or 6.6%, to $84.61 in midday trading. OTHERS TO WATCH: Other companies that are leveraged to agriculture include AGCO (AGCO),Potash (POT), Mosaic(MOS), Agrium (AGU), Syngenta (SYT), CF Industries (CF), and DuPont (DD).
12:01 EDTRTNNASA awards Raytheon $101.9M contract extension
NASA's Johnson Space Center has awarded to Raytheon a contract extension with a potential value of $101.9M. Raytheon will continue to provide operations, maintenance and engineering services for up to four years to NASA's Neutral Buoyancy Lab and Space Vehicle Mockup Facility, facilities that are critical to safe human spaceflight. The NBL is the deep water pool astronauts use for spacewalk training. The SVMF hosts full-size mockups and simulators for the International Space Station, Orion capsule and commercial space modules. Both facilities are used to test scenarios and new equipment for human spaceflight.
10:02 EDTSRCOn The Fly: Analyst Upgrade Summary
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09:32 EDTNENoble Corp. upgraded to Buy from Accumulate at Global Hunter
Global Hunter upgraded Noble Corp to Buy and lowered its price target to $14 from $16. The firm believes Noble is well positioned to manage through a downturn with strong liquidity and a reasonable valuation.
08:19 EDTMYLMylan to host special shareholder meeting
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08:00 EDTRTNRaytheon's Excalibur Ib determined compatible with M198 howitzer
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06:53 EDTSRCSpirit Realty upgraded to Outperform from Neutral at Baird
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August 20, 2015
14:39 EDTEMCEarnings Watch: Hewlett-Packard reports ahead of company split
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August 19, 2015
10:04 EDTCFCF Industries MLP potential increases with OCI acquisition, says dealReporter
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08:53 EDTEMREmerson management to meet with Oppenheimer
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August 18, 2015
20:00 EDTJBLUAirline stocks fall as companies face probes, labor issues, WSJ says
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11:34 EDTMYLMylan says FDA warning on Agila facilities has no material impact on forecast
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10:19 EDTMYLMylan calls active on speculation of an activist investor stake
Mylan August 55 and 60 calls are active on total call volume of 7,900 contracts (800 puts) on speculation of an activist investor stake. August call option implied volatility is at 42, September is at 38; compared to its 52-week range of 22 to 52. Active call volume suggests traders taking positions for upside price movement.
10:01 EDTMYLRumor: Mylan moves higher on speculation of an activist investor stake
08:06 EDTRTNRaytheon awarded $900M contract by U.S. Special Operations Command
U.S. Special Operations Command has awarded the SOCOM-Wide Mission Support, or SWMS, contract to Raytheon Company. The multiple award is an indefinite delivery-indefinite quantity vehicle with a $900M ceiling. Under this Group A contract, Raytheon Blackbird Technologies will provide professional, program management and technical services to special operations forces, or SOF, around the world. The Group A SWMS contract vehicle is designed for large companies to work as prime contractors. It has a five-year ordering period.
07:32 EDTMYLMylan sued in connection with filing of ANDA for Abiraterone Acetate Tablets
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August 17, 2015
10:03 EDTEMREmerson signs 10-year agreement with BP for enhanced oil and gas execution
BP (BP) and Emerson (EMR) have signed a global agreement for Emerson Process Management, a global business of Emerson, to provide automation technologies and aftercare services for BP's upstream oil and gas operations. The new 10-year agreement extends the existing arrangement between the companies, allowing Emerson to provide an expanded scope of technologies and expertise that help ensure safe and competitive projects and support BP's Field of the Future program for enhanced operating efficiency and oil recovery. The new agreement expands the companies' existing relationship on upstream projects. Under the scope of the new agreement, Emerson will continue to supply automation system technologies, including distributed control systems and safety instrumented systems, but will now also provide valves and measurement instruments as well as technologies for supervisory control and data acquisition, asset management, and machinery health monitoring.
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