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Stock Market & Financial Investment News

News Breaks
January 24, 2013
10:11 EDTKNX, TMK, NFLX, DDS, BBBY, MEOH, GOLD, THC, GOL, CBST, ADSK, UPS, SNDK, ROST, EMR, CSX, ASMLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ASML (ASML) upgraded to Buy from Neutral at BofA/Merrill... Autodesk (ADSK) upgraded to Outperform from Sector Perform at RBC Capital... Bed Bath & Beyond (BBBY) upgraded to Outperform from Perform at Oppenheimer... CSX (CSX) upgraded to Outperform from Sector Perform at RBC Capital... Cubist (CBST) upgraded to Hold from Sell at Cantor... Dillard's (DDS) upgraded to Outperform from Neutral at Credit Suisse... Emerson (EMR) upgraded to Buy from Hold at Deutsche Bank... Gol Linhas (GOL) upgraded to Buy from Neutral at Goldman... Netflix (NFLX) upgraded to Buy from Neutral at Lazard Capital... Ross Stores (ROST) upgraded to Outperform from Neutral at Credit Suisse... Tenet Healthcare (THC) upgraded to Outperform from Market Perform at Raymond James... Torchmark (TMK) upgraded to Buy from Neutral at SunTrust.. SanDisk (SNDK) upgraded to Buy from Hold at Needham... Randgold Resources (GOLD) upgraded to Buy from Neutral at BofA/Merrill... Knight Transportation (KNX) upgraded to Buy from Neutral at BofA/Merrill... UPS (UPS) upgraded to Buy from Neutral at BofA/Merrill... Methanex (MEOH) upgraded to Outperform from Market Perform at Raymond James.
News For ASML;ADSK;BBBY;CSX;CBST;DDS;EMR;GOL;NFLX;ROST;THC;TMK;SNDK;GOLD;KNX;UPS;MEOH From The Last 14 Days
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February 23, 2015
09:59 EDTCSXOn The Fly: Analyst Initiation Summary
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08:18 EDTGOLGOL Linhas reports January domestic load factor 84.1%
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06:09 EDTCSXCSX initiated with an Overweight at JPMorgan
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February 22, 2015
13:45 EDTCSXCanada introduces legislation to enhance crude-by-rail safety, accountability
The Honourable Lisa Raitt, Minister of Transport, introduced legislation in the House of Commons that will enhance railway safety and make the rail industry and crude oil shippers more accountable to Canadians. The new Safe and Accountable Rail Act proposes amendments to the Canada Transportation Act and Railway Safety Act. Changes include a new liability and compensation regime for federally regulated railways, including minimum insurance requirements; a compensation fund financed by levies on crude oil shippers; increased information-sharing provisions; and stronger oversight powers for the Minister and Transport Canada inspectors. The new liability and compensation regime will be consistent with those the Government has introduced for other modes of transport, such as marine tankers and oil pipelines. It is based on the “polluter pays” principle and makes railways and shippers responsible for the cost of accidents, protecting taxpayers and communities by ensuring that adequate resources are available for compensation if an accident were to occur. Proposed amendments to the Railway Safety Act will broaden the powers of the Minister and inspectors to order railway companies and others to take specified measures or stop any activity deemed necessary for safe railway operations. The proposed amendments will also create new regulation- making powers requiring railway companies to share information with municipalities. These changes are part of the Government’s commitment to strengthen oversight and increase collaboration between communities and the rail industry, addressing issues raised in the Transportation Safety Board’s final report on the Lac-Mégantic derailment as well as concerns of the Federation of Canadian Municipalities. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link
February 20, 2015
12:53 EDTKNXCitigroup sees truck carrier stocks poised to outperform
With the U.S. economy growing quickly, the stocks of truck carriers are likely to outperform the S&P 500, Citigroup believes. WHAT'S NEW: Truck transportation prices and truck carrier stocks "respond most directly to economic growth," Citigroup analyst Christian Wetherbee wrote in a note to investors today. After carriers' truckload rates rose 4% last year, the rates should rise by a similar amount this year, Wetherbee predicted. Economic growth, along with the difficulties the carriers are experiencing with recruiting drivers, should be supportive of additional rate increases, the analyst stated. Wetherbee warned that the stocks of truck builders usually underperform during periods such as the current one, when a large amounts of U.S. class 8 trucks are being built. Consequently, truck carrier stocks present investors with an opportunity, while investors should be cautious on truck builders and parts suppliers, he wrote. Among truck carriers, Swift (SWFT) is particularly attractive, since it has underperformed its peers over the last year, Wetherbee stated. Additionally, the company's results appear likely to at least meet consensus estimates, the analyst predicted. He also kept a Buy rating on another truck carrier, Knight Transportation (KNX) and maintained a Buy rating on Cummins (CMI), which builds truck engines. The analyst kept a Hold rating on truck builder PACCAR (PCAR). OTHERS TO WATCH: Navistar (NAV) builds trucks and Celadon (CGI) is another truck carrier. PRICE ACTION: In early afternoon trading, Swift rose 1%, Knight Transportation gained 1.3%, Cummins added 0.7%, and PACCAR lost 0.5%.
06:27 EDTKNXTrucking stocks likely to outperform S&P 500, says Citigroup
Citigroup says its work indicates trucking stocks respond most directly to economic growth. With the economy on a growth trajectory, Citi expects trucking stocks are likely to outperform the S&P 500. The firm reiterates Buy ratings on Swift Transportation (SWFT) and Knight Transportation (KNX), with a preference for Swift. It also has a Buy rating on Cummins (CMI) and Neutral on PACCAR (PCAR).
February 19, 2015
16:01 EDTNFLXOptions Update; February 19, 2015
iPath S&P 500 VIX Short-Term Futures down 70c to 30.11. Option volume leaders: AAPL TSLA TWTR AMAT PBR KO FB AXP NFLX according to Track Data.
09:46 EDTEMREmerson targeting 2014-2019 adjusted EPS CAGR of 8%-10%
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09:44 EDTEMREmerson says well positioned in mid- and downstream to help offset low oil price
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09:40 EDTEMREmerson sees FY15 adjusted EPS $3.80-$3.90, consensus $3.80
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07:56 EDTADSKAutodesk should beat expectations next week, says Rosenblatt
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February 18, 2015
16:00 EDTNFLXOptions Update; February 18, 2015
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12:28 EDTUPSUPS denies NY AG's allegations, Times Union of Albany reports
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10:52 EDTUPSUPS accused by NY AG of illegally shipping untaxed cigarettes
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10:05 EDTKNXOn The Fly: Analyst Initiation Summary
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09:59 EDTSNDKSanDisk calls active on renewed takeover chatter
SanDisk February 81 and 83 calls are active on total call volume of 1500 contracts (600 puts) on renewed takeover chatter. February call option implied volatility is at 41, March and April is at 29, July is at 31; compared to its 26-week average of 32 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
09:42 EDTSNDKRumor: SanDisk moves up on renewed takeover chatter
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09:37 EDTNFLXOption volume leaders on open
Option volume leaders: AAPL TSLA TWTR CELG APO NFLX AXP APA LNKD C GILD according to Track Data.
07:07 EDTCSXBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.
06:34 EDTKNXKnight Transportation initiated with a Buy at UBS
Target $37.
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