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Stock Market & Financial Investment News

News Breaks
March 13, 2014
10:31 EDTATK, UIL, FINL, CPE, STRZA, QIHU, DRC, CAB, ALJ, ATVI, CNMDOn The Fly: Analyst Upgrade Summary
ATK (ATK) upgraded to Equal Weight from Underweight at Barclays... Activision Blizzard (ATVI) upgraded to Buy from Neutral at BofA/Merrill... Alon USA Energy (ALJ) upgraded to Outperform from Neutral at Macquarie... Cabela's (CAB) upgraded to Outperform from Market Perform at William Blair... Dresser-Rand (DRC) upgraded to Outperform from Market Perform at William Blair... Qihoo 360 (QIHU) upgraded to Outperform from Neutral at Credit Suisse... Starz (STRZA) upgraded to Equal Weight from Underweight at Evercore... Callon Petroleum (CPE) upgraded to Sector Perform from Underperform at Howard Weil... Finish Line (FINL) upgraded to Buy from Neutral at Monness Crespi... CONMED (CNMD) upgraded to Buy from Neutral at Ladenburg... UIL Holdings (UIL) upgraded to Buy from Hold at Argus.
News For ATK;ATVI;ALJ;CAB;DRC;QIHU;STRZA;CPE;FINL;UIL;CNMD From The Last 14 Days
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August 22, 2014
16:05 EDTDRCDresser-Rand not currently running formal sales process, dealReporter says
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11:59 EDTATVIGameStop surges after Q2 EPS, revenue beat expectations
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10:48 EDTFINLFoot Locker jumps after earnings beat expectations
Shares of shoe and apparel retailer Foot Locker (FL) are higher after the company reported second quarter earnings which exceeded analysts' expectations. WHAT'S NEW: Foot Locker reported Q2 adjusted earnings per share of 64c, which surpassed analysts' consensus of 54c. The company's Q2 revenue was $1.64B, which was higher than analysts' consensus of$1.57B. Foot Locker's same-store-sales increased 7% and its gross margin rate was up 32% for the quarter. WHAT'S NOTABLE: During the company's conference call, Foot Locker said third quarter comparable sales are positioned to experience mid-single digit gains. The company noted that it is making "good progress" on maintaining a "solid" flow of inventory and its inventory overall is well-positioned for the upcoming back-to-school and fall seasons. Foot Locker is still on-track to close just over 100 stores this year, but some closures are expected to happen at the beginning of FY15. The retailer is projecting to open 80 stores this year mostly in Europe and Kids Foot Locker, which is an increase from the company's initial projection of opening 60 stores. A high-single digit comparable sales gain has been experienced by the company so far in August. It anticipates a SG&A improvement of 30-40 basis points and gross margins to be up 20-40 basis points in Q3. ANALYST OPINION: Two days ago, Canaccord said that they were positive on Foot Locker prior to Q2 earnings results since they foresaw the results to be "solid." The firm felt that the retailer was "well-positioned" to still benefit from its target of expanding toward casual athletic footwear. The firm maintained a $56 price target on Foot Locker with a Buy rating. Yesterday, UBS increased its price target on Foot Locker to $58 from $54 right before the retailer announced its Q2 results. The firm anticipated higher than expected earnings, positive SSS trends and the potential for increased guidance and valuation. UBS kept Foot Locker with a Buy rating. OTHERS TO WATCH: Foot Locker competitor Finish Line (FINL) is scheduled to report its Q2 quarter earnings on September 25. PRICE ACTION: During morning trading, Foot Locker shares rose $1.60 or just over 3%, to $54.17, and Finish Line shares rose 19c, or 0.65%, to $29.62.
August 20, 2014
08:42 EDTATVIActivision Blizzard price target raised to $30 from $24 at Argus
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August 18, 2014
07:04 EDTCNMDCONMED urges holders to vote the GOLD proxy card
CONMED announced that it will mail a letter to shareholders in connection with the company's September 10 Annual Meeting. CONMED's board unanimously recommends that shareholders vote for all CONMED's eight director nominees as well as the other proposals contained in the definitive proxy materials on the GOLD proxy card.
August 15, 2014
14:02 EDTDRCDresser-Rand volatility increase as shares trend higher
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06:01 EDTATVIJuly NPD video game software sales fell 15%, says Piper Jaffray
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August 14, 2014
16:54 EDTSTRZABerkshire Hathaway gives quarterly update on stakes
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10:05 EDTDRCOn The Fly: Analyst Upgrade Summary
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06:53 EDTDRCDresser-Rand upgraded to Buy from Neutral at Guggenheim
August 13, 2014
15:51 EDTATKATK files registration statement for spin-off of sporting group
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09:37 EDTQIHU, QIHUQihoo 360 initiated with a Buy at CLSA
Target $130.
August 11, 2014
08:31 EDTATKATK awarded $96.2M contract from U.S. Navy
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07:26 EDTCNMDCONMED urges holders to vote the GOLD proxy card
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07:23 EDTFINLFinish Line management to meet with UBS
Meeting to be held in Minneapolis on August 11 hosted by UBS.

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