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Stock Market & Financial Investment News

News Breaks
April 18, 2013
10:00 EDTCLB, VCRA, WNS, HFC, CATY, FIO, CBI, SE, GGB, COG, AYI, TXT, LFL, UPS, FTI, ASMLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ASML (ASML) upgraded to Buy from Hold at Deutsche Bank... Cabot Oil & Gas (COG) upgraded to Buy from Neutral at BofA/Merrill... Cathay General (CATY) upgraded to Outperform from Market Perform at BMO Capital... FMC Technologies (FTI) upgraded to Outperform from Sector Perform at RBC Capital... Gerdau SA (GGB) upgraded to Buy from Neutral at Citigroup... HollyFrontier (HFC) upgraded to Buy from Neutral at BofA/Merrill... Spectra Energy (SE) upgraded to Overweight from Neutral at Atlantic Equities... UPS (UPS) upgraded to Outperform from Sector Perform at RBC Capital... WNS Holdings (WNS) upgraded to Outperform from Market Perform at William Blair... LATAM Airlines (LFL) upgraded to Buy from Hold at Deutsche Bank... Vocera (VCRA) upgraded to Buy from Neutral at Sidoti... Chicago Bridge & Iron (CBI) upgraded to Focus List from Overweight at Johnson Rice... Textron (TXT) upgraded to Overweight from Neutral at JPMorgan... Core Laboratories (CLB) upgraded to Hold from Trim at Tudor Pickering... Fusion-io (FIO) upgraded at Stifel... Acuity Brands (AYI) upgraded to Outperform from Market Perform at Northland.
News For ASML;COG;CATY;FTI;GGB;HFC;UPS;SE;WNS;LFL;CBI;VCRA;TXT;FIO;CLB;AYI From The Last 14 Days
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January 23, 2015
08:42 EDTUPSUPS drops after peak season costs weigh down Q4 profits
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08:39 EDTUPSUPS drops 5.5% after warning on FY14, FY15 earnings
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08:37 EDTUPSUPS now sees FY15 EPS growth 'slightly less' than long-term 9%-13% target
The company now anticipates 2015 diluted earnings per share growth to be slightly less than its long-term target of 9%-to-13%. UPS said it expects solid business growth across all segments in 2015. However, increased pension expense of approximately $180M due to lower discount rates, and currency headwinds of more than $50M will negatively impact results. FY15 EPS consensus $5.64.
08:37 EDTFTIBofA/Merrill U.S. oil & gas analysts to hold an analyst/industry conference call
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08:36 EDTUPSUPS CEO says Q4 financial performance 'clearly disappointing'
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08:34 EDTUPSUPS sees FY14 adjusted EPS $4.75, consensus $4.96
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08:33 EDTUPSUPS sees Q4 adjusted EPS $1.25, consensus $1.47
Company earnings for 2014 were lower than previous guidance, primarily due to the underperformance of the U.S. Domestic segment. While package volume and revenue results were in line with expectations, operating profit was negatively impacted by higher than expected peak-related expenses.
January 22, 2015
16:19 EDTSESpectra Energy to acquire Brazoria Interconnector gas pipeline
Spectra Energy (SE) and Spectra Energy Partners (SEP) announced that, through their affiliate, Spectra Energy Transmission II, have entered into a purchase and sale agreement to acquire from ConocoPhillips Company (COP) 100% of the equity interests in Brazoria Interconnector Gas Pipeline, which owns the BIG Pipeline. The newly acquired BIG Pipeline will be a component of the Stratton Ridge Project, an expansion project of the Texas Eastern Transmission pipeline system to deliver up to 400,000 dekatherms per day of natural gas to Stratton Ridge, Texas. The Stratton Ridge Project, including the BIG Pipeline acquisition, has an expected capital expenditure of approximately $200M and is anticipated to be in service Q1 FY19. The acquisition is expected to close in Q2 FY16, subject to certain conditions precedent being met.
10:03 EDTCBIOn the Fly: Analyst Initiation Summary
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06:28 EDTCBIChicago Bridge & Iron initiated with an Underperform at BofA/Merrill
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January 21, 2015
16:33 EDTCATYCathay General reports Q4 EPS 44c, consensus 44c
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14:50 EDTASMLASML strong guidance reflected in valuation, says Piper Jaffray
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14:41 EDTASMLASML shares higher after reporting Q4 results, raising dividend
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08:04 EDTCATYCathay General and Asia Bancshares enter into agreement for merger
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07:45 EDTASMLASML downgraded to Neutral from Buy at Citigroup (yesterday)
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07:45 EDTASMLASML coverage assumed with a Neutral at Credit Suisse
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07:14 EDTHFCCitgo scraps auction process, to raise debt instead, WSJ reports
The auction for Venezuela’s Citgo Petroleum, which drew interest from Marathon Petroleum (MPC), HollyFrontier (HFC), Valero Energy (VLO) and private equity firms, has been called off, said The Wall Street Journal, citing people familiar with the matter. Citgo will still seek to raise $2.5B in debt at this point and could restart its sales process later, the report added. Reference Link
January 20, 2015
16:09 EDTAYICree says LED lighting market still in early stages
Cree (CREE) CEO Chuck Swoboda said in the company's earnings release, "We made solid progress in Q2 with operating margin higher than targeted due to an improvement in gross margins in our lighting business. The market for LED lighting is still in the early stages, our new product pipeline is strong, sales momentum is building and our brand is growing in the market. As evidenced by our significant share repurchases in Q2, we believe we are on the right track to continue to grow the company and increase profits over the next several years." Cree peers include SemiLEDs (LEDS) and Acuity Brands (AYI). Cree shares are up 6% in after-hours trading to $34.40 after reporting better than expected Q2 results.
07:39 EDTUPSUPS FedEx to benefit from lower oil prices, says Bernstein
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January 19, 2015
14:52 EDTGGBGerdau announces buyback up to 30M of preferred shares, ADRs
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