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Stock Market & Financial Investment News

News Breaks
January 31, 2013
10:17 EDTTNTEY, JDSU, CLB, IPAR, ISIL, ALGN, CTXS, DB, FIO, VALE, AUDCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Arthur J. Gallagher (AJG) upgraded to Buy from Neutral at BofA/Merrill... Arthur J. Gallagher (AJG) upgraded to Outperform from Market Perform at Keefe Bruyette... AudioCodes (AUDC) upgraded to Outperform from Perform at Oppenheimer... Citrix Systems (CTXS) upgraded to Buy from Neutral at BofA/Merrill... Core Laboratories (CLB) upgraded to Outperform from Market Perform at FBR Capital... MB Financial (MBFI) upgraded to Outperform from Market Perform at Keefe Bruyette... Vale (VALE) upgraded to Buy from Neutral at BofA/Merrill... Align Technology (ALGN) upgraded to Overweight from Equal Weight at Stephens... JDSU (JDSU) upgraded to Buy from Hold at Needham... Fusion-io (FIO) upgraded to Buy from Neutral at Lazard Capital... Intersil (ISIL)upgraded to Neutral from Underweight at JPMorgan... MB Financial (MBFI) upgraded to Buy from Hold at Stifel Nicolaus... Arthur J. Gallagher (AJG) upgraded to Overweight from Equal Weight at Stephens... TNT Express (TNTEY) upgraded to Conviction Buy from Neutral at Goldman... Deutsche Bank (DB) upgraded to Neutral from Underweight at JPMorgan... Inter Parfums (IPAR) upgraded to Buy from Neutral at B. Riley Caris.
News For AUDC;CTXS;CLB;VALE;ALGN;JDSU;FIO;ISIL;TNTEY;DB;IPAR From The Last 14 Days
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February 9, 2016
09:40 EDTDBDeutsche Bank volatility increases as shares trend lower
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08:11 EDTDBDeutsche Bank's Cryan: Lender 'absolutely rock-solid,' Bloomberg says
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07:23 EDTDBDeutsche Bank says has needed capacity for April AT1 coupon payments
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06:40 EDTDBDeutsche Bank slides amid European bank sector hit, WSJ says
Deutsche Bank shares slid nearly 10% on Monday as the European banking space felt an impact from a fresh selloff amid investor concerns over lenders' capital buffers and the ability to navigate shaky markets, the Wall Street Journal reports. The German bank's shares have dropped almost 50% since co-CEO John Cryan made his first public appearances in his new position in late October, the report says. Cryan has shown optimism that the company is on track with intentions to shed its habit of disappointing stakeholders and resume paying a dividend as soon as 2018, for FY17, the report says. Reference Link
05:31 EDTDBStocks with implied volatility movement; DB AIG
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05:13 EDTDBDeutsche Bank volatility elevated as shares trend lower
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February 8, 2016
10:06 EDTISILHigh option volume stocks
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February 4, 2016
06:17 EDTDBDeutsche to face U.S. suit over $3.1B in shareholder losses, Reuters says
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05:11 EDTDBDeutsche Bank implied volatility of 53 at upper end of index mean range
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February 3, 2016
11:37 EDTDBOptions with increasing put volume; PSX CDNS DF WDR MELI MAS NOV WSM DB
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11:33 EDTISILCiti slashes PC outlook, expresses caution on related stocks
Citi significantly lowered its 2016 PC sales estimates, citing recent negative data points. In conjunction with the call, the firm lowered its estimates for three companies whose results are significantly affected by PC sales: HP Inc. (HPQ), Marvell (MRVL) and Intersil (ISIL). WHAT'S NEW: Citi analyst Jim Silva now expects PC sales to drop 6% this year, down from his previous estimate of a 2% decline. Recent data points indicate that demand for PCs has dropped significantly so far this year, while inventories are above normal, the analyst explained. Constrained budgets and macro concerns are restraining demand for PCs, Silva believes. Meanwhile, "there is not enough evidence" to conclude that the launch of Microsoft's (MSFT) Windows 10 will be a positive catalyst for PC sales this year, Silva said. Citing his view of PC trends, along with increased competition in the printer space, Silva lowered his 2016 EPS estimate for HP to $1.53 from $1.64. Statements by other printer makers, including Xerox (XRX) and Canon (CAJ), suggest that HP's margins on printers will "come under additional pressure," the analyst believes. He lowered his price target on the name to $10.75 from $14.50 and expects the stock to remain range-bound until analysts reduce their estimates further or its end markets improve. Intersil has 20% exposure to the PC market and the sales of its products related to computing are still strongly correlated with PC sales, Citi analyst Atif Malik stated. As a result, the company will face revenue headwinds throughout this year, stated the analyst. Malik, who expects the company's 2016 and 2017 EPS to come in below consensus levels, downgraded the stock to Sell from Neutral and set an $11.50 price target on the shares. Estimating Marvell's PC exposure at about 60%, Malik lowered his 2016 EPS estimate for the company to 42c from 48c and kept a Sell rating on the name. WHAT'S NOTABLE: Hedge fund Starboard Value disclosed this morning that it had bought a 6.7% activist stake in Marvell. The hedge fund said the shares are "undervalued" and The Wall Street Journal, citing sources familiar with the situation, said Starboard is betting the company can its boost margins by cutting costs, perhaps exiting its mobile device business. PRICE ACTION: In late morning trading, HP Inc. fell 3.3% to $9.55, Marvell rose 1.25% to $8.78 and Intersil dropped 4.4% to $11.93.
10:54 EDTCTXSOptions with decreasing implied volatility
Options with decreasing implied volatility: WMB INVN FTNT NOW SNDK HOG UA CTXS KORS AMZN
10:00 EDTISILOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded to Market Perform from Outperform at William Blair... Credit Acceptance (CACC) downgraded to Underperform at Raymond James... CIT Group (CIT) downgraded to Neutral from Buy at Citi... Cobalt (CIE) downgraded at Stifel... Cypress Energy (CELP) downgraded to Outperform from Strong Buy at Raymond James... Freeport McMoRan (FCX) downgraded on weak near-term outlook at Argus... Gastar Exploration (GST) downgraded to In-Line from Outperform at Imperial Capital... Intersil (ISIL) downgraded to Sell from Neutral at Citi... LyondellBasell (LYB) downgraded to Outperform from Top Pick at RBC Capital... Marriott (MAR) downgraded to Market Perform from Outperform at Wells Fargo... Microchip (MCHP) downgraded to Sell from Neutral at Goldman... Morgan Stanley (MS) downgraded to Underweight from Neutral at Atlantic Equities... Navios Maritime Partners (NMM) downgraded to Hold from Buy at Deutsche Bank... Peapack-Gladstone (PGC) downgraded to Hold from Buy at Sandler O'Neill... QIWI (QIWI) downgraded to Market Perform from Outperform at William Blair... STORE Capital (STOR) downgraded to Neutral from Buy at Ladenburg... Spark Energy (SPKE) downgraded to Neutral from Outperform at Baird... Stone Energy (SGY) downgraded to In-Line from Outperform at Imperial Capital... SunEdison Semiconductor (SEMI) downgraded to Sell from Neutral at Goldman... Teradyne (TER) downgraded to Neutral from Buy at Goldman... Texas Instruments (TXN) downgraded to Sell from Neutral at Goldman... UBS (UBS) downgraded to Sector Perform from Outperform at RBC Capital... Whiting Petroleum (WLL) downgraded on oil price outlook at Stifel... Xcel Energy (XEL) downgraded to Sell from Neutral at UBS... Xilinx (XLNX) downgraded to Buy from Conviction Buy at Goldman... Yahoo (YHOO) downgraded to Hold from Buy at Axiom.
06:50 EDTISILIntersil downgraded to Sell from Neutral at Citi
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05:10 EDTDBEmpresas ICA confirms sale of OMA shares pledged as collateral
Empresas ICA (ICA) confirmed that Deutsche Securities, S.A. de C.V., Casa de Bolsa foreclosed on collateral in the form of OMA Series B shares pledged to secure a loan to ICA's wholly-owned subsidiary, Aeroinvest, after a Mexican federal judge granted Deutsche Bank (DB) a suspension of the injunctions sought by ICA related to the pledged shares. In connection with the foreclosure on the pledged shares, Deutsche Bank sold a total of 33,162,600 OMA Series B shares, representing 8.29 % of OMA's equity capital in the form of Series B and Series BB shares. Excluding the shares referenced above, ICA holds a 17.23 % ownership interest in OMA in the form of Series B and Series BB shares, directly and indirectly, through Aeroinvest and SETA. ICA is not in default under any other loan agreement subject to a pledge of OMA shares.
February 2, 2016
10:12 EDTCTXSOptions with decreasing implied volatility
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05:50 EDTTNTEYBrazil approves FedEx's proposed acquisition of TNT Express, Reuters says
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February 1, 2016
16:46 EDTCTXSCitrix appoints Kevin Parker as Chairman of the Board for GoTo spin-off
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10:15 EDTCTXSOptions with decreasing implied volatility
Options with decreasing implied volatility: INVN SWFT SNDK AMZN NOW COH VMW CTXS STX
05:15 EDTVALEStocks with implied volatility movement; VALE GPRO
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