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Stock Market & Financial Investment News

News Breaks
February 22, 2012
09:46 EDTCLH, TXRH, FIRE, CHS, MDCO, CYH, AUBN, WIRE, GRMNGappers report: Bullish gaps
This is a list of stocks making unusual moves on the open versus the prior day close. Gapping stocks often have excessive movements during the day and in the days thereafter. We use 5% for filter criteria and scanned for stocks that traded above $10 the prior day. GAPPING UP: WIRE 5.13%, CLH 5.26%, AUBN 5.57%, MDCO 8.11%, TXRH 9.26%, GRMN 9.71%, CYH 11.67%, CHS 13.35%, FIRE 17.09%.
News For AUBN;CHS;CLH;CYH;FIRE;GRMN;MDCO;TXRH;WIRE From The Last 14 Days
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August 31, 2015
07:38 EDTMDCOThe Medicines Co. price target raised to $46 from $39 at RBC Capital
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07:31 EDTMDCOThe Medicines Company names Fred Eshelman non-executive chairman
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August 30, 2015
15:50 EDTMDCOAlnylam, The Medicines Co. say ALN-PCSsc reduces LDL cholesterol as much as 83%
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August 28, 2015
12:59 EDTMDCOFly Watch: Medicines Co., Alnylam rise ahead of cholesterol study presentation
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10:13 EDTMDCOHigh option volume stocks
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10:02 EDTMDCOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADP (ADP) upgraded to Outperform from Market Perform at William Blair... ASML (ASML) upgraded to Buy from Hold at Berenberg... Abercrombie & Fitch (ANF) upgraded on Hollister fundamentals at RBC Capital... Akamai (AKAM) upgraded to Outperform from Market Perform at JMP Securities... Ares Capital (ARCC) upgraded to Outperform from Market Perform at Raymond James... Banco Santander (SAN) upgraded on valuation at Deutsche Bank... CIBC (CM) upgraded to Neutral from Underperform at Credit Suisse... Canon (CAJ) upgraded to Hold from Sell at Deutsche Bank... Citi (C) upgraded to Buy from Neutral at Guggenheim... Ctrip.com (CTRP) upgraded to Buy from Hold at Stifel... El Pollo Loco (LOCO) upgraded at Stifel... Genomic Health (GHDX) upgraded to Market Perform from Underperform at Raymond James... Golar LNG (GLNG) upgraded on valuation, upcoming project completion at Stifel... Habit Restaurants (HABT) upgraded to Buy from Hold at Stifel... Helmerich & Payne (HP) upgraded to Overweight from Equal Weight at Stephens... Himax (HIMX) upgraded to Outperform from Neutral at Credit Suisse... Huntington Bancshares (HBAN) upgraded to Buy from Neutral at Guggenheim... InterContinental (IHG) upgraded to Outperform from Neutral at Credit Suisse... Knight Transportation (KNX) upgraded to Strong Buy on valuation at Raymond James... LogMeln (LOGM) upgraded to Overweight from Sector Weight at Pacific Crest... Patterson Companies (PDCO) upgraded to Overweight from Neutral at Piper Jaffray... Qunar (QUNR) upgraded on valuation, positive catalysts at Stifel... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ryder (R) upgraded to Strong Buy from Outperform at Raymond James... SVB Financial (SIVB) upgraded to Buy from Neutral at DA Davidson... Seagate (STX) upgraded to Buy from Hold at Cross Research... Sinopec (SNP) upgraded to Neutral from Sell at Citi... Summit Hotel Properties (INN) upgraded to Outperform at Baird... Texas Capital (TCBI) upgraded to Buy from Neutral at DA Davidson... The Medicines Co. (MDCO) upgraded to Buy from Hold at Jefferies... U.S. Bancorp (USB) upgraded to Buy from Neutral at Guggenheim... Weatherford (WFT) upgraded to Overweight from Equal Weight at Stephens.
06:35 EDTMDCOThe Medicines Co. upgraded to Buy from Hold at Jefferies
Jefferies upgraded The Medicines Co. to Buy and increased its price target to $43 from $29. The firm said company has multiple data readouts for pipeline assets over the next 12-18 months starting with PI data from ALN-PCSsc in patients with elevated LDL on Sunday morning. Jefferies also highlighted the ongoing TANGO 1 trial comparing Carbavance to piperacillin-tazobactam in 850 patients with complicated urinary tract infection with data expected in mid-2016 that should also support its thesis.
August 27, 2015
14:42 EDTGRMNFitbit shares approach historical lows as Apple Watch gains traction
Fitbit (FIT) shares are eyeing their lowest levels since their IPO in June after the IDC reported that Apple (AAPL) Watch shipments are nipping on the heels of Fitbit's market dominance in wearables. WHAT'S NEW: The International Data Corporation, or IDC, released its quarterly wearables device report on Thursday, showing that Apple reached the number two spot in the global wearables market with 3.6M shipments of the Apple Watch during Q2. Notably, Apple Watch shipments lagged just 800,000 units behind Fitbit's 4.4M units for the quarter. Total shipment volume for the space was up 223.2% year-over-year to 18.1M. Commenting on the metrics, IDC research manager Ramon Llamas said Apple's "participation benefits multiple players and platforms within the wearables ecosystem," though he also cautioned that the tech giant "forces other vendors -- especially those that have been part of this market for multiple quarters -- to re-evaluate their products and experiences." Rounding out the numbers, Xiaomi shipped 3.1M wearable units in Q2, while Garmin (GRMN) shipped 700,000, and Samsung (SSNLF) shipped 600,000. HARDWARE CHALLENGES: Aside from concerns of user churn, an oft-noted potential risk for Fitbit investors is the potential that limited-use fitness wearables will be absorbed into grander, multi-function devices. On June 21, Barron's opined that specialized devices "often get subsumed," and provided the example of iPod's music functions being largely replaced by similar features in the iPhone. Various research firms have downplayed the "absorption" issue, however. On June 25, Leerink remarked that fitness trackers "occupy a different piece" of the market, and on June 30, RBC said its studies at the time showed divergence between fitness wearables and smart watches. Leerink reiterated its bullish view of the sector as recently as August 24, commenting that "interest in the category remains deep." PRICE ACTION: Shares of Fitbit have plunged roughly 9% in intraday trading, while Apple is up about 2% amid broader market gains.
08:38 EDTGRMNApple Watch shipments total 3.6M in Q2, IDC says
Apple (AAPL) reached the number two spot in the global wearables market, having shipped a total of 3.6M units of its Apple Watch in Q2, just 800,000 units behind Fitbit's (FIT) 4.4M units, according to the International Data Corporation's Worldwide Quarterly Wearable Device Tracker. Total shipment volume for the quarter came to 18.1M units, up 223.2% from the 5.6M units shipped in 2Q14. "Anytime Apple enters a new market, not only does it draw attention to itself, but to the market as a whole," noted Ramon Llamas, Research Manager for IDC's Wearables team. "Its participation benefits multiple players and platforms within the wearables ecosystem, and ultimately drives total volumes higher. Apple also forces other vendors - especially those that have been part of this market for multiple quarters - to re-evaluate their products and experiences. Fairly or not, Apple will become the stick against which other wearables are measured, and competing vendors need to stay current or ahead of Apple. Now that Apple is officially a part of the wearables market, everyone will be watching to see what other wearable devices it decides to launch, such as smart glasses or hearables." Xiaomi shipped 3.1M wearable units in Q2, while Garmin (GRMN) shipped 700,000 units and Samsung (SSNLF) shipped 600,000.
August 26, 2015
09:25 EDTCHSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Abercrombie & Fitch (ANF), down 15.1%... Express (EXPR), up 9.8%... Frontline (FRO), up 10.4%... Chico's FAS (CHS), up 9.3%. ALSO HIGHER: Oshkosh (OSK), up 11.9% after being awarded a $6.7B contract by the U.S. Army... EMC Corporation (EMC), up 5.8% after Re/code reported that the board is considering a VMware (VMW) downstream merger proposal... Google (GOOG), up 4.6% after being upgraded to Conviction Buy from Neutral at Goldman... Ford (F), up 2.4% after Bloomberg reported that the company is considering returning production of Bronco and Ranger to the U.S. NOTABLE: Cameron International (CAM), up 45.4% after announcing that it will be acquired by Schlumberger (SLB). Schlumberger is down 1.9%. LOWER: WisdomTree (WETF), down 3.6% after being downgraded to Sell from Buy at Citi... Transocean (RIG), down 3.4% after proposing to cancel Q3 and Q4 dividends.
07:51 EDTWIREThree Part Advisors to hold a conference
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07:32 EDTCHSChico's reports Q2 pre-tax restructuring and strategic charges of $16.2M
For the second quarter of fiscal 2015, in connection with the Plan, the Company determined that certain Boston Proper intangibles were impaired and recorded $66.9 million in pre-tax, non-cash goodwill and trade name impairment charges ("Impairment Charges"), comprised of $48.9 million related to goodwill and $18.0 million related to the trade name. On an after-tax basis, second quarter Impairment Charges were $47.1M, or 33c per share.
07:31 EDTCHSChico's reports Q2 adjusted EPS 25c, consensus 22c
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August 25, 2015
15:00 EDTCHSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Chico's (CHS), consensus 22c... Express (EXPR), consensus 16c... Abercrombie & Fitch (ANF), consensus (4c).
14:31 EDTCHSChico's volatility elevated into Q2 and outlook
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09:59 EDTGRMNOn The Fly: Analyst Upgrade Summary
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09:26 EDTCYHRBC Capital to hold a bus tour
Healthcare Bus Tour travels throughout Nashville, TN to visit with various healthcare companies on August 25-26.
07:14 EDTGRMNGarmin introduces Edge Explore 1000 GPS bike computer
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06:36 EDTGRMNGarmin upgraded to Outperform from Market Perform at Raymond James
Raymond James upgraded Garmin to Outperform from Market Perform with a $43 price target. The firm upgraded shares following the sharp market selloff and said the stock is as inexpensive as it has been on an absolute or relative basis since 2010. Raymond James said Garmin remains growth challenged near-term but recent currency moves should help in coming quarters and provide a tailwind.
August 24, 2015
11:43 EDTMDCOThe Medicines Co. and Alnylam Pharmaceuticals hold a joint conference call
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