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Stock Market & Financial Investment News

News Breaks
August 19, 2014
10:13 EDTOCUL, RPTP, NADL, SCL, PSG, MRKT, SAFM, JAZZ, FIATY, BITA, INNL, FARO, ATHM, GMED, LOCOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Autohome (ATHM) initiated with a Buy at Brean Capital... Bitauto (BITA) initiated with a Buy at Brean Capital... El Pollo Loco (LOCO) initiated with a Hold at Jefferies... FARO Technologies (FARO) initiated with an Overweight at Stephens... Fiat (FIATY) initiated with an Underperform at Credit Suisse... Globus Medical (GMED) initiated with a Buy at Gabelli... Innocoll (INNL) initiated with a Buy at Stifel... Jazz Pharmaceuticals (JAZZ) initiated with an Overweight at JPMorgan... Markit (MRKT) initiated with an Outperform at Credit Suisse... North Atlantic Drilling (NADL) initiated with a Neutral at Goldman... Ocular Therapeutix (OCUL) initiated with an Outperform at Cowen... Performance Sports Group (PSG) initiated with an Overweight at Morgan Stanley... Raptor Pharmaceuticals (RPTP) coverage transferred with an Outperform at Cowen... Sanderson Farms (SAFM) initiated with a Buy at Sidoti... Stepan Company (SCL) initiated with a Hold at KeyBanc.
News For ATHM;BITA;LOCO;FARO;FIATY;GMED;INNL;JAZZ;MRKT;NADL;OCUL;PSG;RPTP;SAFM;SCL From The Last 14 Days
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April 21, 2015
06:16 EDTFAROFARO Technologies upgraded to Buy from Hold at Gabelli
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April 20, 2015
14:32 EDTJAZZPharmacyclics patent for Imbruvica challenged by Hayman Capital's Bass
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12:31 EDTFAROOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday after China’s central bank relaxed reserve requirements for its banks. The nation's own stock market struggled to overcome the cross current of other actions taken to cut down on speculative trading there, but U.S. stock markets surged at the open and had not looked back by midday. The domestic economic calendar has quiet and earnings continue to be the focal point at home, as a great number of S&P 500 companies prepare to report this week. ECONOMIC EVENTS: In the U.S., the Chicago Fed National Activity Index had a reading of -0.42, versus expectations for a +0.10 reading. A reading below zero represents economic activity below trend. In China, the People's Bank of China cut the reserve-requirement ratio, or the amount of reserves lenders need to hold, by 1 full percentage point, which was the biggest cut since the depths of the financial crisis and more than expected by economists. However, the Shanghai Composite Index still dropped 1.6%, since the reserve-requirement cut came after regulators had moved to curb speculative trading with actions taken Friday. COMPANY NEWS: Shares of Morgan Stanley (MS) advanced 1% after the bank's headline earnings excluding certain adjustments and tax benefits beat expectations. CEO James Gorman noted that the first quarter of the year was the bank's "strongest quarter in many years with improved performance across most areas of the firm." Morgan Stanley also increased its quarterly dividend to 15c per share from 10c per share. MAJOR MOVERS: Among the notable gainers was Hasbro (HAS), which gained 10% after the toymaker's sales and profits widely topped expectations in its fiscal first quarter. Also higher was Rovi (ROVI), which gained more than 10% after the company announced it has renewed its patent license and interactive program guide product agreement with Charter Communications (CHTR). Among the noteworthy losers was FARO Technologies (FARO), which dropped 25% and was downgraded by Noble Financial and Needham after the preannounced lower than expected first quarter revenue. Also lower were a number of companies that are developing CAR-T cancer therapies following the annual meeting of the American Association for Cancer Research. Mizuho analyst Peter Lawson attributed the pullback to disappointment in this weekend's solid tumor data on a small number of patients with advanced cancers who were given CAR-T therapy developed by Novartis (NVS) and the University of Pennsylvania. Shares of Kite Pharma (KITE), Juno Therapeutics (JUNO), blue bird bio (BLUE), and ZIOPHARM Oncology (ZIOP) were all lower near noon. INDEXES: Near midday, the Dow was up 236.19, or 1.32%, to 18,062.49, the Nasdaq was up 59.54, or 1.21%, to 4,991.35, and the S&P 500 was up 21.82, or 1.05%, to 2,103.00.
10:00 EDTFAROOn The Fly: Analyst Downgrade Summary
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09:18 EDTFAROOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Morgan Stanley (MS), up 2.1%... Cliffs Natural (CLF), up 1.3%... Check Point Software (CHKP), up 1.1%. ALSO HIGHER: Genetic Technologies (GENE), up 28.2% after additional health centers to offer BREVAGenplus... Hanwha Q Cells (HQCL), up 16.2% following solar module supply agreement with NextEra Energy (NEE)... Provectus (PVCT), up 6.7% after receiving notice of allowance for PV-10 combined with other drugs. DOWN AFTER EARNINGS: Royal Caribbean (RCL), down 6.1%... FARO (FARO), down 16.4%. ALSO LOWER: Yandex (YNDX), down after Barron's recommends that investors take some profits... Carnival (CCL), down 2% after Royal Caribbean reported quarterly results.
08:53 EDTFAROFARO Technologies downgraded to Sell from Hold at Noble Financial
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07:59 EDTFAROFARO Technologies should be bought on weakness, says Oppenheimer
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07:39 EDTFAROFARO Technologies downgraded to Hold from Buy at Needham
Needham downgraded FARO Technologies to Hold citing the negative Q1 preannouncement.
07:32 EDTFAROFARO Technologies price target lowered to $65 from $70 at Canaccord
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April 17, 2015
16:10 EDTFAROFARO reports preliminary Q1 revenue $70M, consensus $85.43M
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05:33 EDTNADLNorth Atlantic Drilling, Rosneft agree to delay closing of planned transaction
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April 15, 2015
10:00 EDTRPTP, GMEDOn The Fly: Analyst Initiation Summary
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06:43 EDTRPTPRaptor Pharmaceuticals initiated with a Buy at Janney Capital
Target $16.
April 14, 2015
16:16 EDTGMEDGlobus Medical initiated with an Outperform at Wells Fargo
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14:42 EDTGMEDSmall spine names have positive read through from J&J results, says Wells Fargo
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April 13, 2015
16:08 EDTPSGPerformance Sports Group reports Q3 EPS 13c, consensus 10c
Reports Q3 revenue $137.7M, consensus $133.02M.
12:04 EDTSAFMUSDA confirms first commercial chicken case of bird flu, Reuters says
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10:00 EDTPSGOn The Fly: Analyst Upgrade Summary
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09:25 EDTRPTPRaptor Pharmaceuticals management to meet with Leerink
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06:47 EDTPSGPerformance Sports Group upgraded to Buy from Neutral at BofA/Merrill
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