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Stock Market & Financial Investment News

News Breaks
January 22, 2013
10:00 EDTBMRN, MHK, MTRX, NXY, VIP, APKT, STT, ASML, VIAB, GDP, RIMM, BKYF, WCC, PCPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ASML (ASML) upgraded to Buy from Hold at ABN Amro... ASML (ASML) upgraded to Hold from Sell at Deutsche Bank... Bank of Kentucky (BKYF) upgraded to Outperform from Neutral at RW Baird... Goodrich Petroleum (GDP) upgraded to Outperform from Market Perform at BMO Capital... Precision Castparts (PCP) upgraded to Buy from Neutral at UBS... Research in Motion (RIMM) upgraded to Outperform from Sector Perform at Scotia Capital... Viacom (VIAB) upgraded to Buy from Neutral at Goldman... VimpelCom (VIP) upgraded to Overweight from Neutral at HSBC... WESCO (WCC) upgraded to Outperform from Neutral at Credit Suisse... Mohawk (MHK) upgraded to Outperform from Sector Perform at RBC Capital... State Street (STT) upgraded to Neutral from Underweight at JPMorgan... Nexen (NXY) upgraded to Hold from Sell at Canaccord... BioMarin (BMRN) upgraded to Buy from Hold at Stifel Nicolaus... Acme Packet (APKT) upgraded to Outperform from Market Perform at Northland Securities... Matrix Service (MTRX) upgraded to Overweight from Equal Weight at Stephens.
News For ASML;BKYF;GDP;PCP;RIMM;VIAB;WCC;VIP;MHK;STT;NXY;BMRN;APKT;MTRX From The Last 14 Days
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April 24, 2015
09:52 EDTSTTState Street says legal accrual may not cover all costs
Says low interest rate continuing to negatively impact NIR, NIM. Says continues to experience high levels of deposits. Says has begun charging customers on deposits. Says Q1 ETF outflows were "seasonal." Says legal accrual may not cover all costs. Says stronger U.S. dollar adversely impacted total fee revenue by approximately $83M vs. 1Q14. If interest rates stay static, sees FY15 operating-basis NIR $2.07B-$2.17B; if interest rates rise, sees operating-basis NIR $2.15B-$2.25B. Says remains well capitalized. Says returning capital to shareholders a "top priority." Says leverage ratios "near-term binding constraint." Says NIR headwinds likely to continue. Comments made on the Q1 earnings conference call. State Street is down 1.41% to $77.09 in morning trading.
08:53 EDTWCCWESCO shares poised to outperform despite miss, says Wells Fargo
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08:47 EDTSTTState Street says positive operating leverage remains long-term goal
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08:11 EDTSTTState Street still sees FY15 operating-basis total fee revenue growth 4%-7%
Says long-term operating-basis financial goals include: EPS growth of 10%-15%, revenue growth of 8%-12% and ROE of 12%-15%. Says Q1 EPS decreased from 4Q14 primarily driven by the seasonal deferred incentive compensation expense for retirement-eligible employees and payroll taxes. Continues to see 2015 operating-basis NIR to perform as described in February. Says "no change" to target common equity tier 1 ratio of 10%. Says prudently planning capital actions to be compliant with future phases in regulatory requirements. Says outlook "unchanged" from its investor day in February: Sees FY15 operating-basis total fee revenue growth 4%-7% from FY14, sees operating-basis total fee revenue growth to outpace operating-basis expense growth by at least 200bps vs. 2014. Sees NIR headwinds continuing. Sees FY15 operating-basis effective tax rate of 30%-32%. Comments from slides that will be presented on the Q1 earnings conference call.
06:25 EDTSTTState Street reports Q1 operating EPS $1.17, consensus $1.05
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April 23, 2015
15:01 EDTSTTNotable companies reporting before tomorrow's open
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06:16 EDTWCCWESCO reports Q1 EPS 90c, consensus $1.01
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April 22, 2015
17:42 EDTGDPGoodrich Petroleum postpones annual meeting to May 29
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13:38 EDTASMLASML new EUV orders to have limited impact, says Piper Jaffray
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13:20 EDTASMLCredit Suisse does not view ASML's EUV order as an estimate driver
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12:31 EDTASMLOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday after having been on a bit of a see-saw during morning trading. The averages opened in positive territory, soon turned negative, then back into positive ground following the release of a better than expected existing home sales report. The housing data was followed by a lift in the averages, which remained in positive ground near noon. ECONOMIC EVENTS: In the U.S., existing home sales rose 6.1% to a 5.19M rate in March, which was better than the expected 3.1% increase to a rate of 5.03M. Crude oil inventories built up by 5.32M barrels last week, which was more than the consensus forecast for a 3.2M barrel build. In Asia, Japan's Nikkei 225 average closed above 20,000 for the first time since April 2000. In Europe, Germany raised its economic growth forecast for 2015 to 1.8%, which was up from the 1.5% growth it said it expected in January. COMPANY NEWS: Shares of McDonald's (MCD) advanced 2% after the company reported headline earnings that missed expectations but also said it is developing a turnaround plan to improve its performance and deliver "enduring profitable growth" that it plans to share in the first week of May. Also rising after its quarterly report was another globally recognized brand, Coca-Cola (KO), whose shares gained 1% after its comparable earnings per share topped the consensus estimate. A third member of the Dow, Boeing (BA), slid over 2.5% after its earnings beat expectations but its revenue fell short of the consensus forecast... Visa (V) rose 5% and MasterCard (MA) advanced over 4% after China's State Council announced overnight that the country will regulate the market access for bankcard transaction clearing institutions, which analysts think might allow both companies to compete for the processing of domestic transactions in the country. MAJOR MOVERS: Among the notable gainers was Angie's List (ANGI), which jumped 12% after the company reported it was profitable in the first quarter and announced an exclusive relationship that will see carpet manufacturer Shaw Industries give the company's members exclusive product offers. Also higher was ASML (ASML), which gained 11% after announcing that it has signed an agreement with one of its "major U.S. customers" to deliver a minimum of 15 ASML EUV, or Extreme Ultraviolet, lithography systems. Afterward, Summit Research said it thinks the most likely buyer is Intel (INTC), which the firm believes does not want to be left behind if TSMC (TSM) puts EUV to use in 10nm processing. Among the noteworthy losers was Natural Resource Partners (NRP), which dropped 19% after the company slashed its quarterly distribution by 75% to 9c per unit. Also lower following their earnings reports were ADTRAN (ADTN), which fell over 9%, Cree (CREE), which slid 9%, and Chipotle Mexican Grill (CMG), which declined 6%. INDEXES: Near midday, the Dow was up 28.69, or 0.16%, to 17,978.28, the Nasdaq was up 6.66, or 0.13%, to 5,020.77, and the S&P 500 was up 5.24, or 0.25%, to 2,102.53.
09:43 EDTASMLASML spikes higher, levels to watch
The stock is up over 12.4% to $109.95 at time of writing, off the high of the day at $111.20. That session high is just shy of the 52-week high at $111.40. Support is at $108.
09:32 EDTASMLASML large EUV tool order likely from Intel, says Summit Research
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07:44 EDTASMLASML reaches agreement for delivery of minimum of 15 EUV lithography system
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April 21, 2015
14:00 EDTBMRNOptions with decreasing implied volatility
Options with decreasing implied volatility: NFLX MLNX XON WUBA MEMP BMRN FTNT BPT SNDK
April 20, 2015
10:11 EDTBMRNOptions with decreasing implied volatility
Options with decreasing implied volatility: BPT WETF NFLX BMRN SNDK STX TSM MAT FAST INTC
10:00 EDTWCCOn The Fly: Analyst Downgrade Summary
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09:16 EDTWCCWESCO downgraded to Neutral from Buy at Cleveland Research
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07:22 EDTGDPIndependent Petroleum Association of America to hold a conference
IPAA-OGIS New York is being held in New York on April 20-22.
07:18 EDTBMRNAmerican Academy of Neurology to hold annual meeting
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