New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 19, 2014
10:17 EDTEPL, WD, IO, LFL, BANC, SUSS, HSBC, GGS, YGE, OWW, AVOn The Fly: Analyst Downgrade Summary
Aviva (AV) downgraded to Underperform from Neutral at Exane BNP Paribas... HSBC (HSBC) downgraded to Underperform from Outperform at Credit Suisse... ION Geophysical (IO) downgraded to Equal Weight from Overweight at Barclays... Orbitz (OWW) downgraded to Sell from Neutral at Goldman... Susser Holdings (SUSS) downgraded to Market Perform from Outperform at Raymond James... Walker & Dunlop (WD) downgraded to Market Perform from Outperform at Keefe Bruyette... Yingli Green Energy (YGE) downgraded to Neutral from Buy at BofA/Merrill... Banc of California (BANC) downgraded to Neutral from Buy at DA Davidson... EPL Oil & Gas (EPL) downgraded to Hold from Buy at KLR Group... Global Geophysical (GGS) downgraded to Market Perform from Outperform at Barrington... LATAM Airlines (LFL) downgraded to Outperform from Strong Buy at Raymond James.
News For AV;HSBC;IO;OWW;SUSS;WD;YGE;BANC;EPL;GGS;LFL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 24, 2015
11:01 EDTYGESolarCity rises after analyst says second half outlook strong
Subscribe for More Information
July 21, 2015
19:51 EDTHSBCJudge rejects HSBC attempt to dismiss credit union lawsuit, Reuters says
Subscribe for More Information
08:09 EDTYGEYingli Green Energy subsidiary selected for 50MW solar power plant in China
Subscribe for More Information
06:08 EDTHSBCU.K. watchdog visited Barclays 186 times in 2014, Bloomberg reports
The FCA's supervisory team made 186 visits to Barclays (BCS) in 2014, more than any other British bank that year, Bloomberg reports. HSBC (HSBC) was next highest with 85 visits, with RBS (RBS) and Lloyds (LYG) following with 65 and 58 encounters, respectively, the report says. Reference Link
July 20, 2015
07:07 EDTOWWOrbitz rewards program exceeds 4M members
Subscribe for More Information
July 17, 2015
10:05 EDTLFLOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:54 EDTHSBCSaudi regulator probing HSBC's Saudi unit for valuation inflation, WSJ says
HSBC's Saudi Arabia unit is being investigated by regulators in the kingdom for its role in a stock listing that left investors experiencing heavy losses, the Wall Street Journal reports, citing sources familiar with the matter. Saudi Arabia's Capital Markets Authority, or CMA, suspended the unit from conducting certain asset management activities and is probing whether the company inflated the valuation of a construction firm's listing in 2008, the report says. Reference Link
06:48 EDTLFLLATAM Airlines upgraded to Neutral from Sell at Goldman
Goldman upgraded LATAM Airlines to Neutral with a $8 price target based on lower U.S. dollar balance sheet and operational exposure.
July 16, 2015
10:00 EDTWDOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
06:14 EDTWDWalker & Dunlop downgraded to Neutral from Buy at Compass Point
July 15, 2015
09:53 EDTHSBCHSBC UK says Apple Pay support coming within 2 weeks, Apple Insider says
HSBC UK (HSBC) said that Apple Pay (AAPL) support is in its final testing and availability will be coming within two weeks, reports Apple Insider. An HSBC spokesperson said, "We are excited to be one of a small number of Apple Pay launch partners. We have been working closely with Apple and are now properly reviewing and testing our systems before launching in two weeks." Reference Link
07:44 EDTSUSSEquity Transfer Partners, Energy Transfer Equity exchange 21M ETP units
Energy Transfer Partners, L.P. (ETP) and Energy Transfer Equity, L.P. (ETE) announced the exchange of 21 million ETP common units, currently owned by ETE, for 100% of the general partner interest and the incentive distribution rights of Sunoco LP (SUN). In addition, as part of this transaction, ETE has agreed to provide ETP a $35 million annual IDR subsidy for two years. The cash flow accretion expected to be realized by ETP from this transaction is more than $0.30 per common unit per annum, which will continue to support ETP’s attractive distribution growth going forward. For ETE, this transaction continues its transition to a pure play general partner for the overall Energy Transfer group. Pro forma for this transaction, ETE expects to maintain its distribution growth rate while migrating to its traditional 1.0x distribution coverage ratio. In connection with the original acquisition of Susser Holdings Corporation (SUSS) by ETP in August 2014, ETE agreed to provide ETP an annual $35 million IDR subsidy for 10 years, subject to automatic termination in the event that ETE acquired the GP interest and IDRs of SUN in exchange for ETP common units owned by ETE. As part of the current transaction, ETE has agreed to provide ETP a $35 million IDR subsidy for an additional two years. ETP and ETE expect there will be no credit ratings impact from this transaction. Following this transaction, SUN will no longer be consolidated for accounting purposes by ETP, but instead will appear in the consolidated financial statements for ETE. This transaction is expected to close in August 2015 after the record date for second quarter distributions for both the SUN GP interest and IDRs and ETP common units, but will be effective as of July 1, 2015. Tudor, Pickering, Holt & Co. acted as financial advisor to the ETP conflicts committee. Akin Gump Strauss Hauer & Feld LLP acted as legal advisor to ETP and Richard Layton & Finger, P.A. acted as legal advisor to the ETP conflicts committee. Credit Suisse acted as financial advisor to the ETE conflicts committee. Latham & Watkins LLP acted as legal advisor to ETE and Potter Anderson & Corroon LLP acted as legal advisor to the ETE conflicts committee.
July 14, 2015
11:16 EDTOWWAnalyst says sell Orbitz as risks to Expedia deal mount
The shares of online travel agency Orbitz Worldwide (OWW) are falling after UBS downgraded the stock to Sell from Neutral, citing increased risk that regulators will block the company's proposed takeover by Expedia (EXPE). WHAT'S NEW: Based on recent press reports and his own conversations with players in the online travel sector, UBS analyst Eric Sheridan believes that antitrust concerns surrounding the proposed takeover of Orbitz are mounting. Specifically, travel suppliers are voicing more concern about the deal to regulators, Sheridan stated. Additionally, regulators have vetoed a number of proposed takeovers recently, including Time Warner Cable's (TWC) proposed acquisition by Comcast (CMCSA) and Electroloux's (ELUXY) proposed acquisition of GE's (GE) home appliances unit, Sheridan noted. As a result of these developments, the risk/reward ratio of Orbitz's stock is now "skewed negative," according to the analyst, who cut his price target on the stock to $10 from $12. PRICE ACTION: In morning trading, Orbitz fell 2.4% to $11.12. On February 12, Expedia announced it had agreed to acquire Orbitz for $12 per share in cash.
10:36 EDTOWWOptions with increasing implied volatility
Subscribe for More Information
10:01 EDTOWWOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:20 EDTOWWOn The Fly: Pre-market Movers
HIGHER: Natural Health Trends Corp. (NHTC), up 16.2% following second quarter guidance... Transgenomic (TBIO), up 14% after launching genetic test for Leukodystrophy diagnosis... Biocept (BIOC), up 12.4% after launching diagnostic assay for BRAF mutations in melanoma patients... Micron (MU), up 13.1% after WSJ reports that Tsinghua made $23B acquisition offer... SanDisk (SNDK) and AMD (AMD) are up 3.8% and 3.1%, respectively, following reports of Tsinghua offer to Micron... GoPro (GPRO), up 3.2% after being upgraded to Overweight from Equal Weight at Barclays. DOWN AFTER EARNINGS: Wells Fargo (WFC), down 1%... JPMorgan (JPM), down fractionally. ALSO LOWER: Vince Holding (VNCE), down 16.3% after being downgraded to Market Perform from Outperform at William Blair... Tonix Pharmaceuticals (TNXP), down 8.3% after 2.3M share Spot Secondary priced at $7.50... Spirit Airlines (SAVE), down 7.4% after pricing pressure leads to reduced fiscal 2015 margin view... Orbitz Worldwide (OWW), down 2.8% after being downgraded to Sell from Neutral at UBS.
08:06 EDTYGEYingli Green Energy introduces 1500V utility-scale solar panel
Subscribe for More Information
06:30 EDTHSBCApple Pay launches in U.K., has technical problems, Reuters reports
Subscribe for More Information
06:06 EDTOWWOrbitz downgraded to Sell from Neutral at UBS
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use