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Stock Market & Financial Investment News

News Breaks
March 14, 2014
10:14 EDTXOXO, NGS, X, PLUG, PNK, NUE, ONTY, HWCC, HMY, DKL, COVS, AUOn The Fly: Analyst Downgrade Summary
AngloGold (AU) downgraded to Underperform from Neutral at Macquarie... Covisint (COVS) downgraded to Neutral from Outperform at Credit Suisse... Delek Logistics (DKL) downgraded to Neutral from Buy at Goldman... Harmony Gold (HMY) downgraded to Underperform from Neutral at Macquarie... Houston Wire & Cable (HWCC) downgraded to Underperform at Raymond James... Nucor (NUE) downgraded to Neutral from Outperform at Credit Suisse... Oncothyreon (ONTY) downgraded to Hold from Buy at Cantor... Pinnacle Entertainment (PNK) downgraded to Hold from Buy at Deutsche Bank... Plug Power (PLUG) downgraded to Neutral from Buy at Roth Capital... U.S. Steel (X) downgraded to Underperform from Neutral at Credit Suisse... Natural Gas Services (NGS) downgraded to Equalweight from Overweight at Capital One... XO Group (XOXO) downgraded to Neutral from Buy at B. Riley.
News For AU;COVS;DKL;HMY;HWCC;ONTY;NUE;PNK;PLUG;X;NGS;XOXO From The Last 14 Days
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October 24, 2014
06:18 EDTXOXOXO Group to cease operations at Redding, California warehouse
XO Group committed to a plan to cease operations at its warehouse in Redding, California. The company informed impacted employees on October 23, 2014, and the process of the warehouse closure is expected to be completed by end of the first quarter of 2015. This decision is the result of a rigorous examination to enhance the financial contribution of the Company’s eCommerce fulfillment operations and furthers the Company’s focused transformation to a digital marketplace. The company intends to continue to serve the eCommerce needs of its users through a registry and partner-based model for providing users with desired products and services. The decision to cease operations at the Redding warehouse took into account that the company’s manufacturing operations have experienced significant revenue declines over the past three years, and the company expected that the manufacturing operations would have continued to experience declines. Approximately 72 full-time employees and 39 part-time employees will be impacted. The actions are expected to reduce operating costs by approximately $6M-$7M, annualized, directly related to these fulfillment operations, after the completion of the warehouse closure. The company estimates that gross profit from the current eCommerce operation would have been approximately $5M in 2015. The company estimates that it will incur pre-tax costs in the aggregate amount of approximately $2.5M-$3.5M during the fourth quarter of 2014 and the first quarter of 2015. The costs to be incurred relate primarily to severance, asset impairment, accelerated lease expense and disposal costs related to the warehouse closure. Approximately $1M-$1.5M of these charges are expected to be cash-based.
October 23, 2014
16:10 EDTCOVSCovisint reports Q2 EPS (13c), consensus (4c)
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14:19 EDTNUENucor says biggest risk to outlook is excess global steel capacity
Comment made on Q3 earnings call.
09:09 EDTNUENucor expects moderate decrease in Q4 earnings
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09:09 EDTNUENucor average sales price per ton increased 5% YoY
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09:08 EDTNUENucor reports Q3 EPS 76c, consensus 73c
Reports Q3 revenue $5.70B, consensus $5.37B
October 22, 2014
15:37 EDTNUENotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 71c; Union Pacific (UNP), consensus $1.52; 3M (MMM), consensus $1.96; AbbVie (ABBV), consensus 77c; Celgene (CELG), consensus 95c; Eli Lilly (LLY), consensus 67c; Occidental Petroleum (OXY), consensus $1.57; Caterpillar (CAT), consensus $1.36; Alexion Pharmaceuticals (ALXN), consensus $1.16; Precision Castparts (PCP), consensus $3.32; Raytheon (RTN), consensus $1.60; American Electric Power (AEP), consensus $1.02; Southwest Airlines (LUV), consensus 53c; Lorillard (LO), consensus 90c; T. Rowe Price (TROW), consensus $1.15; Mead Johnson (MJN), consensus 91c; Zimmer Holdings (ZMH), consensus $1.30; Nucor (NUE), consensus 73c; Nielsen (NLSN), consensus 65c; Prologis (PLD), consensus 46c; Sigma-Aldrich (SIAL), consensus $1.06; Under Armour (UA), consensus 40c; EQT (EQT), consensus 56c; Dr Pepper Snapple (DPS), consensus 88c; Cameron International (CAM), consensus $1.10; Coca-Cola Enterprises (CCE), consensus 89c; Quest Diagnostics (DGX), consensus $1.08; CMS Energy (CMS), consensus 41c; Airgas (ARG), consensus $1.29; PulteGroup (PHM), consensus 36c; Diamond Offshore (DO), consensus 79c; Bemis (BMS), consensus 67c.
15:01 EDTNUENucor October weekly volatility increases into Q3 and outlook
Nucor October weekly call option implied volatility is at 50, November is at 24, December is at 24, January is at 23; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 23.
10:09 EDTAUOn The Fly: Analyst Downgrade Summary
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10:09 EDTHMYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AOL (AOL) upgraded to Buy from Hold at Evercore... ARM Holdings (ARMH) upgraded to Buy from Neutral at UBS... American Assets Trust (AAT) upgraded to Buy from Hold at MLV & Co.... American Midstream Partners (AMID) upgraded to Buy from Neutral at Ladenburg... BancorpSouth (BXS) upgraded to Neutral from Underweight at JPMorgan... Chesapeake (CHK) upgraded at UBS... Chuy's (CHUY) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Overweight from Equal Weight at Morgan Stanley... East West Bancorp (EWBC) upgraded at BMO Capital... El Paso Electric (EE) upgraded to Buy from Neutral at Ladenburg... Generac (GNRC) upgraded to Buy from Hold at KeyBanc... Gold Fields (GFI) upgraded to Overweight from Neutral at HSBC... Harmony Gold (HMY) upgraded to Neutral from Underweight at HSBC... Hess Corp. (HES) upgraded to Buy from Neutral at UBS... Hovnanian (HOV) upgraded to Market Perform from Underperform at JMP Securities... Intuitive Surgical (ISRG) upgraded to Buy from Neutral at BTIG... OMV AG (OMVKY) upgraded to Neutral from Underperform at Credit Suisse... Seaspan (SSW) upgraded to Neutral from Underperform at Credit Suisse... Sibanye Gold (SBGL) upgraded to Neutral from Underweight at HSBC... Smith & Nephew (SNN) upgraded to Overweight from Equal Weight at Barclays... Southwestern Energy (SWN) upgraded to Buy from Hold at Maxim... Steel Dynamics (STLD) upgraded to Outperform from Neutral at Macquarie... Steris (STE) upgraded to Strong Buy from Market Perform at Raymond James... Tesoro Logistics (TLLP) upgraded to Strong Buy from Outperform at Raymond James... Texas Instruments (TXN) upgraded to Outperform from Market Perform at Bernstein... Twitter (TWTR) upgraded to Hold from Sell at Hudson Square... Vanguard Natural (VNR) upgraded to Buy from Hold at Wunderlich... Volaris (VLRS) upgraded to Buy from Hold at Deutsche Bank... Wilshire Bancorp (WIBC) upgraded to Outperform from Neutral at Macquarie... Yahoo (YHOO) upgraded to Outperform from Market Perform at FBR Capital.
09:29 EDTHMYHarmony Gold upgraded to Neutral from Underweight at HSBC
HSBC upgraded Harmony Gold to Neutral based on valuation.
09:29 EDTAUAngloGold downgraded to Neutral from Overweight at HSBC
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October 21, 2014
11:51 EDTNUE, XU.S. to end deal sheltering Russia from flat-rolled steel duties, Reuters says
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10:03 EDTCOVSCompuware announces distribution ratios for Covisint spin-off
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10:00 EDTONTYOn The Fly: Analyst Initiation Summary
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07:04 EDTONTYOncothyreon initiated with a Buy at H.C. Wainwright
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October 20, 2014
11:37 EDTXStocks with call strike movement; X TWTR
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October 17, 2014
08:48 EDTX, NUEBofA/Merrill global steel analysts hold analyst/industry conference call
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October 15, 2014
14:41 EDTXMissouri AG Chris Koster announces $266K settlement with U.S. Steel
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October 14, 2014
10:54 EDTHMYHarmony Gold CEO sees company as 'good target' for M&A, IOL says
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