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Stock Market & Financial Investment News

News Breaks
October 25, 2012
10:04 EDTMSI, CNI, LSI, NUVA, FTI, ATI, CP, WYN, ISIL, FFIV, CROX, WPPGYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Allegheny Technologies (ATI) downgraded to Neutral from Buy at Longbow... Canadian National (CNI) downgraded to Sector Perform from Outperform at RBC Capital... F5 Networks (FFIV) downgraded to Hold from Buy at Wunderlich... F5 Networks (FFIV) downgraded to Perform from Outperform at Oppenheimer... FMC Technologies (FTI) downgraded to Sell from Neutral at Goldman... Intersil (ISIL) downgraded to Sell from Neutral at Citigroup... Motorola Solutions (MSI) downgraded to Outperform from Strong Buy at Raymond James... NuVasive (NUVA) downgraded to Market Perform from Outperform at Leerink...WPP PLC (WPPGY) downgraded to Neutral from Buy at Citigroup... Wyndham (WYN) downgraded to Hold from Buy at Deutsche Bank... LSI Corp. (LSI) downgraded to Neutral from Outperform at Wedbush... Crocs (CROX) downgraded to Neutral from Buy at Sterne Agee... Canadian Pacific (CP) downgraded to Sector Perform from Outperform at RBC Capital.
News For ATI;CNI;FFIV;FTI;MSI;ISIL;NUVA;WPPGY;WYN;LSI;CROX;CP From The Last 14 Days
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March 26, 2015
16:09 EDTWYNStarwood rises after FTC notice sparks takeover speculation
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15:56 EDTWYNStarwood could be worth $103/share in buyout, says SunTrust
SunTrust says the FTC's move to grant early termination notice on the potential Senator Global Opportunity Offshore Fund, Starwood deal could be driving some takeover speculation in the name. The firm sees Wyndham (WYN) as the most likely acquirer, and estimates that Starwood (HOT) could be worth $103 in a takeout scenario. SunTrust questions whether the speculation is "all smoke and no fire," however, and keeps a Neutral rating on the stock with an $85 price target.
10:04 EDTCNIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alere (ALR) upgraded to Neutral from Sell at Goldman... Canadian National (CNI) upgraded to Outperform from Market Perform at Cowen... Charles Schwab (SCHW) upgraded to Overweight from Underweight at Barclays... Con-way (CNW) upgraded at Stifel... Dr Pepper Snapple (DPS) upgraded to Buy from Hold at Stifel... Francesca's (FRAN) upgraded to Neutral from Sell at Goldman... GoPro (GPRO) upgraded to Outperform from Neutral at RW Baird... PartnerRe (PRE) upgraded to Outperform from Market Perform at BMO Capital... Rice Energy (RICE) upgraded to Overweight from Equalweight at Capital One... Saia, Inc. (SAIA) upgraded at Stifel... Sibanye Gold (SBGL) upgraded to Outperformer from Sector Performer at CIBC.
09:33 EDTCNICanadian National upgraded at Cowen
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06:28 EDTCNICanadian National upgraded to Outperform from Market Perform at Cowen
March 25, 2015
07:43 EDTCNIRail break caused latest Canadian National derailment, WSJ says
Canadian Nationalís latest derailment was caused by a rail break and the company is investigating whether track inspections are being conducted properly, reports the Wall Street Journal, citing Canadian National COO Jim Vena. Reference Link
07:39 EDTFFIVF5 Networks free cash flow could reach $11 by fiscal 2017, says Pacific Crest
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March 24, 2015
07:34 EDTNUVACanaccord to hold a conference
Musculoskeletal Conference is being held in Las Vegas on March 24.
March 23, 2015
16:20 EDTCNIOn The Fly: Closing Wrap
Stocks on Wall Street opened in relatively quiet fashion and remained that way throughout the session until a sharp selloff in the closing minutes. For most of the day the averages moved in a narrow range, as the Dow broke its streak of consecutive days with triple digit moves. Like stocks, the oil markets had a quiet session that stood out amid the recent volatility in crude prices. A late day drop prevented the major stock indexes from adding to the big gains they'd notched on Friday. ECONOMIC EVENTS: In the U.S., the Chicago Fed's national activity index fell to -0.11 in February, below expectations for a reading of 0.10. Existing home sales rose 1.2% to a 4.88M rate in February, which was below the consensus forecast for them to grow 2% to a 4.92M unit rate. COMPANY NEWS: Shares of Kansas City Southern (KSU) declined $9.21, or 7.96%, to $106.48 after the railroad operator lowered its fiscal year revenue guidance to reflect slower year-to-date carload growth primarily from the energy sector, along with a continued deterioration in the value of the Mexican peso against the U.S. dollar and lower fuel surcharge revenues driven by lower WTI prices. The revenue warning appeared to weigh on others in the rail industry as well, with Union Pacific (UNP) falling $4.67, or 3.98%, to $112.78, Norfolk Southern (NSC) dropping $3.87, or 3.5%, to $106.56 and Canadian National (CNI) sliding $1.13, or 1.65%, to $67.24. MAJOR MOVERS: Among the notable gainers was ImmunoGen (IMGN), which gained $1.25, or 16.8%, to $8.69 after Takeda (TKPYY) licensed rights to use the company's antibody drug conjugate technology. Also higher was Tenet Healthcare (THC), which rose $2.45, or 4.94%, to $52.07 after agreeing to combine its short-stay surgery and imaging center assets into a new joint venture with United Surgical Partners International. Tenet will initially own 50.1% of the joint venture and will consolidate its financial results and will have a path to full ownership of USPI over the next five years through a put/call structure, the company noted. Among the noteworthy losers was MEI Pharma (MEIP), which plunged $4.37, or 69.37%, to $1.93 and was downgraded by at least four Wall Street research firms after the combination of Pracinostat and azacitidine showed no difference in the rate of complete remission, the primary endpoint of a Phase II study, compared to azacitidine alone. Also lower were shares of Vertex (VRTX), which fell $5.21, or 3.98%, to $125.79 after reporting data from a study evaluating VX-661 in combination with ivacaftor in cystic fibrosis that JPMorgan said was generally below expectations. INDEXES: The Dow fell 11.61, or 0.06%, to 18,116.04, the Nasdaq lost 15.44, or 0.31%, to 5,010.97, and the S&P 500 dropped 3.68, or 0.17%, to 2,104.42.
12:17 EDTCNIOn The Fly: Midday Wrap
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10:08 EDTCPHigh option volume stocks
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09:01 EDTWPPGYOgilvy & Mather and Hogarth Worldwide announce global production agreement
Ogilvy & Mather announced that it has come together with Hogarth Worldwide, a sister WPP company, to launch H&O - a new company that aims to bring the resources and technology together.
06:49 EDTCNICanadian National derailments rose 73% in 2014, Reuters says
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March 22, 2015
12:45 EDTFTIFMC Technologies, Technip form alliance, launch Forsys Subsea JV
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March 20, 2015
15:40 EDTFFIVMore cybersecurity firms to come public amid high market demand, Reuters says
With shares of publicly traded cybersecurity companies having recently outperformed the market, a number of privately-held IT security names, including Rapid7, LogRythm and Mimecast, plan to go public in 2015 amid the high level of investor interest, said Reuters, citing people familiar with the matter. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
14:47 EDTCROXCrocs spikes higher, levels to watch
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14:43 EDTCROXCrocs up 2.3% to $12.20
March 17, 2015
18:35 EDTMSIMotorola Solutions report new $26M Project 25, $31M service agreement from LVMPD
A new $26M Project 25, or P25, communications system from Motorola Solutions has now been implemented by the Las Vegas Metropolitan Police Department, or LVMPD, to help officers communicate clearly and reliably in any situation, whether itís an issue in the rugged outlying areas of Clark County, a crowded casino or in one of 150,000 guest rooms in Las Vegas. LVMPD also signed an 11-year, $31M lifecycle management and support services agreement for systems and equipment. More than 5,000 Motorola Solutions APX two-way radios have been deployed to LVMPD officers, Clark County Detention officers and officers in the city of Mesquite, Nevada, who have recently joined the network. The system includes Motorola Solutions radio dispatch consoles and data capabilities for radio fleet management.
13:16 EDTCNICN to build new C$250M intermodal and logistics hub in Milton, Ontario
CN announced a plan to build a C$250M intermodal and logistics hub adjacent to its main line in the Town of Milton, Ont., located approximately 30 miles west of Toronto. CN's intermodal business recorded 2014 revenues of more than C$2.7B. The new Milton facility will complement Brampton Intermodal Terminal, CN's existing Toronto-area intermodal terminal in Brampton, Ont. BIT, which is nearing capacity, but will continue to operate for the long term. CN will submit a complete project description of the planned Milton hub to the Canadian Environmental Assessment Agency for review.
11:38 EDTWPPGYWPP CEO confirms interest in Tesco Dunnhumby unit, City A.M. says
WPP (WPPGY) CEO Martin Sorrell confirmed the company is interested in acquiring Tesco's (TSCDY) Dunnhumby data unit, estimated to be worth as much as $2B, reports City A.M., citing statements given at the Media & Telecoms conference in London. Sorrell noted he was specifically interested in the company's Clubcard loyalty program. Tesco is likely to pursue a majority stake selloff rather than full divestiture, notes the article. Reference Link
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