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Stock Market & Financial Investment News

News Breaks
December 19, 2012
10:10 EDTTESO, YELP, TGT, SWN, AMTD, PWR, QEP, PBY, ONXX, HST, JAH, HIG, GWAY, EGN, EQT, SCHW, BIDU, BCR, ATRSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Antares Pharma (ATRS) initiated with a Buy at Jefferies... Baidu (BIDU) initiated with a Sell at Maxim... C.R. Bard (BCR) initiated with an Outperform at JMP Securities... Charles Schwab (SCHW) coverage assumed with an Outperform at William Blair... EQT Corporation (EQT) initiated with a Buy at Societe Generale... Energen (EGN) initiated with a Buy at Wunderlich... Greenway Medical (GWAY) initiated with a Market Perform at Wells Fargo... Hartford Financial (HIG) initiated with a Buy at MKM Partners... Host Hotels (HST) initiated with a Hold at Sandler O'Neill... Jarden (JAH) initiated with an Overweight at JPMorgan... Onyx Pharmaceuticals (ONXX) initiated with a Buy at UBS... Pep Boys (PBY) coverage transferred with a Hold at Stifel Nicolaus... QEP Resources (QEP) initiated with a Buy at Guggenheim... Quanta Services (PWR) initiated with a Buy at UBS... Southwestern Energy (SWN) initiated with a Buy at Societe Generale... TD Ameritrade (AMTD) initiated with an Outperform at William Blair... Target (TGT) initiated with a Hold at Stifel Nicolaus... Tesco (TESO) re-initiated with a Buy at Sidoti... Yelp (YELP) initiated with a Market Perform at Northland Securities.
News For ATRS;BCR;BIDU;SCHW;EQT;EGN;GWAY;HIG;JAH;HST;ONXX;PBY;QEP;PWR;AMTD;SWN;TGT;YELP;TESO From The Last 14 Days
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October 16, 2014
06:35 EDTHSTHost Hotels upgraded to Outperform from Market Perform at FBR Capital
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05:50 EDTBIDUBaidu upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded Baidu to Outperform with a $280 price target citing the recent pullback in shares and the company's increasing mobile market share.
October 15, 2014
17:00 EDTQEPJana Partners liquidates stake in QEP Resources
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16:37 EDTSWNOn The Fly: Closing Wrap
The market opened sharply lower amid sliding oil prices, worse than expected economic data, and the potential for a major M&A deal to fall apart due to tax inversion rule changes. The Dow fell more than 350 points within the first 30 minutes of trading, but then bounced back to move above its opening level. The volatility did not end there, however, as the market swung several more times during the session. The S&P 500's drop wiped out its gains for the year at one point, but a late day rally significantly cut the losses for the major averages. ECONOMIC EVENTS: In the U.S., retail sales, which were expected to be down 0.1% in September, actually fell 0.3% in the month and slipped 0.2% excluding autos. The Producer Price Index for final demand decreased a seasonally adjusted 0.1% in September from the prior month, marking the first decline in the measure in over a year. The core PPI reading, which excludes food and energy, was unchanged, versus expectations for a 0.1% rise. New York's Empire State manufacturing index fell 21.4 points to 6.2 in October, severely missing the expectation for a narrower pullback to a reading of 20. Business inventories rose 0.2% in August, versus expectations for an increase of 0.4%. In China, the consumer price index climbed 1.6% in September from a year earlier, which was below the consensus projection for 1.7% inflation and down from 2% inflation in August. China's PPI plunged 1.8% year-over-year in September, which was more than the 1.6% slide expected and an acceleration of the 1.2% year-on-year decline in August. COMPANY NEWS: Shares of Shire (SHPG) plunged $74.08, or 30.29%, to $170.49 after AbbVie's (ABBV) board last night stated that it was reconsidering its recommendation that the company's shareholders back a takeover of Irish drugmaker in light of the potential impact of tax rule changes on the deal. During the day, Bloomberg reported that people familiar with the matter say AbbVie is close to abandoning its $51B takeover bid, while Shire announced that it has agreed to waive the requirement for three business days' notice for AbbVie's board to meet to consider its offer. In contrast, AbbVie ended the session up 50c, or 0.92%, at $54.63... Wal-Mart (WMT) held its annual meeting, during which it lowered its fiscal year 2015 net sales growth forecast to 2%-3%, citing a tougher sales environment than it anticipated a year ago. The company indicated in February that it expected net sales growth to be at the low end of its guidance provided last October of 3%-5%. The world's largest retailer also cut its planned retail square foot growth expectations, due to a moderation of large format store growth and accelerated e-commerce investments. Following the outlook revisions, Wal-Mart closed down $2.78, or 3.57%, to $75.20. MAJOR MOVERS: Among the notable gainers was Penford Corporation (PENX), which jumped $7.60, or 69.15%, to $18.59 after the company agreed to be acquired by Ingredion (INGR) for $340M, or $19.00 in cash per share. Also higher was Southwestern Energy (SWN), which rose $2.59, or 7.82%, to $35.69 after it was among a number of oil and gas exploration and production names upgraded by analysts at Bank of America Merrill Lynch. Among the noteworthy losers was Nu Skin (NUS), which dropped $4.47, or 9.13%, to $44.50 after the company disclosed new debt arrangements that come with certain restrictions, including restrictions on the payment of dividends. Also lower were shares of Covidien (COV), which fell $6.50, or 7.04%, to $85.86 in the wake of the news for Shire and AbbVie, which investors may have read as jeopardizing Covidien's deal to be bought by Medtronic (MDT). Note that on October 3 Medtronic announced that it intends to use approximately $16B in external financing to complete the acquisition of Covidien and said the strategic benefits of the transaction "remain compelling" despite the additional expense of the new financing. INDEXES: The Dow dropped 173.45, or 1.06%, to 16,141.74, the Nasdaq slipped 11.85, or 0.28%, to 4,215.32, and the S&P 500 fell 15.21, or 0.81%, to 1,862.49.
10:02 EDTHST, SWNOn The Fly: Analyst Upgrade Summary
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09:01 EDTSWNSouthwestern Energy upgraded at BofA/Merrill
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08:54 EDTSCHWCharles Schwab says Q3 financial results impacted by 1c per share
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08:52 EDTSCHWCharles Schwab reports Q3 balance sheets assets $105.6B
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08:49 EDTSCHWCharles Schwab reports Q3 trading revenue $209M
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08:48 EDTSCHWCharles Schwab reports Q3 EPS 24c, consensus 24c
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08:37 EDTSWNSouthwestern Energy upgraded to Buy from Neutral at BofA/Merrill
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05:38 EDTHSTHost Hotels upgraded to Overweight from Equal Weight at Barclays
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October 14, 2014
08:36 EDTAMTDADP announces new business relationship with TD Ameritrade
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08:31 EDTHSTHost Hotels announces favorable decision in Texas Supreme Court
Host Hotels announced that on October 3, 2014 the company's litigation related to the San Antonio Marriott Rivercenter hotel ended in favor of the Company as the Texas Supreme Court denied the motion for rehearing from Keystone-Texas Holding Corp. On June 13, 2014, the Texas Supreme Court had overruled a lower court's $57.3M verdict against the Company for allegedly interfering with an effort to sell a San Antonio shopping mall and adjacent land underlying the San Antonio Marriott Rivercenter hotel. Now that the decision by the Texas Supreme Court is final, the company will reverse the $69M loss contingency previously recorded under GAAP. In addition, a court-ordered bond will be released and the Company will recoup its previously funded $25M escrow.
07:59 EDTAMTD, SCHWSchwab, Ameritrade look 'deeply undervalued,' says Deutsche Bank
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October 13, 2014
10:26 EDTAMTDHigh option volume stocks
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07:38 EDTYELPSalesforce to hold a conference
Dreamforce 2014 is being held in San Francisco on October 13-16.
07:15 EDTTGTNational Association of Corporate Directors to hold a conference
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October 10, 2014
10:01 EDTYELPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 2U (TWOU) initiated with an Outperform at Pacific Crest... Bloomin' Brands (BLMN) initiated with an Outperform at BMO Capital... Brinker (EAT) initiated with a Market Perform at BMO Capital... Buffalo Wild Wings (BWLD) initiated with an Outperform at BMO Capital... Chipotle (CMG) initiated with a Market Perform at BMO Capital... Chuy's (CHUY) initiated with a Market Perform at BMO Capital... Darden (DRI) initiated with a Market Perform at BMO Capital... EMC (EMC) initiated with a Buy at Jefferies... EPR Properties (EPR) initiated with a Buy at BofA/Merrill... HP (HPQ) initiated with a Hold at Jefferies... IBM (IBM) initiated with an Underperform at Jefferies... McDermott (MDR) initiated with an In-Line at Imperial Capital... NetApp (NTAP) initiated with a Hold at Jefferies... New Residential (NRZ) initiated with a Neutral at Piper Jaffray... Nimble Storage (NMBL) initiated with a Buy at Jefferies... Noodles & Company (NDLS) initiated with an Outperform at BMO Capital... PDC Energy (PDCE) initiated with an Overweight at Stephens... Panera Bread (PNRA) initiated with a Market Perform at BMO Capital... Pioneer Natural (PXD) initiated with an Outperform at Imperial Capital... Resource America (REXI) initiated with a Buy at MLV & Co.... Rex Energy (REXX) initiated with an Overweight at Stephens... Seagate (STX) initiated with a Buy at Jefferies... Silicon Motion (SIMO) initiated with a Buy at Brean Capital... Texas Roadhouse (TXRH) initiated with a Market Perform at BMO Capital... W.P. Carey (WPC) initiated with a Neutral at BofA/Merrill... Wayfair (W) initiated with a Buy at Janney Capital...Western Digital (WDC) initiated with a Buy at Jefferies... Yelp (YELP) initiated with a Buy at Sterne Agee.
09:29 EDTBCRC.R. Bard announces FDA approval of Lutonix
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