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Stock Market & Financial Investment News

News Breaks
May 9, 2014
09:58 EDTTC, SSI, SAP, EDU, PGH, MNTA, NSLP, LPI, DECK, CPE, BWLD, BPTH, AVGOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Avago (AVGO) reinstated with an Overweight at Barclays... Bio-Path Holdings (BPTH) initiated with a Buy at Maxim... Buffalo Wild Wings (BWLD) initiated with an Underperform at Buckingham... Callon Petroleum (CPE) assumed with a Buy at Brean Capital... Deckers Outdoor (DECK) initiated with an Outperform at Macquarie... Laredo Petroleum (LPI) assumed with a Buy at Brean Capital... Momenta Pharma (MNTA) initiated with a Buy at Maxim... New Oriental Education (EDU) initiated with an Overweight at JPMorgan... New Source Energy (NSLP) initiated with a Buy at Wunderlich... Pengrowth Energy (PGH) coverage assumed with a Sector Perform at RBC Capital... SAP (SAP) initiated with a Market Perform at BMO Capital... Stage Stores (SSI) initiated with a Buy at BofA/Merrill... Thompson Creek (TC) initiated with a Market Perform at BMO Capital.
News For AVGO;BPTH;BWLD;CPE;DECK;LPI;MNTA;EDU;NSLP;PGH;SSI;SAP;TC From The Last 14 Days
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July 2, 2015
10:00 EDTTC, MNTAOn The Fly: Analyst Downgrade Summary
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08:29 EDTMNTAMomenta downgraded to Sell from Neutral at UBS
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07:13 EDTTCThompson Creek downgraded to Sell from Hold at Deutsche Bank
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July 1, 2015
10:00 EDTBWLDOn The Fly: Analyst Initiation Summary
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06:09 EDTBWLDBuffalo Wild Wings initiated with a Buy at Goldman
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June 30, 2015
08:35 EDTAVGOBroadcom risk/reward looks positive, says Bernstein
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05:59 EDTSAPGartner: Worldwide IT spending on pace to decline 5.5% in 2015
Worldwide IT spending is on pace to total $3.5T in 2015, a 5.5% decline from 2014, according to the latest forecast by Gartner, Inc. Analysts attribute the decline to the rising U.S. dollar. In constant-currency terms, the market is projected to grow 2.5%. In Gartner's previous forecast in April, it had forecast IT spending to decline 1.3% in U.S. dollars and grow 3.1% in constant currency. "We want to stress that this is not a market crash. Such are the illusions that large swings in the value of the U.S. dollar versus other currencies can create," said John-David Lovelock, research vice president at Gartner. "However, there are secondary effects to the rising U.S. dollar. Vendors do have to raise prices to protect costs and margins of their products, and enterprises and consumers will have to make new purchase decisions in light of the new prices." Communications services will continue to be the largest IT spending segment in 2015 with spending at nearly $1.5T. However, this segment is also experiencing the strongest decline among the five IT sectors. In the device market, mobile phones continue to be the leading segment, with growth in Apple phones, especially in China, keeping overall phone spending consistent. However, overall smartphone unit growth will start to flatten. The PC and tablet market continues to weaken. The expected 10 percent increase in average PC pricing in currency-impacted countries is going ahead, delaying purchases even more than expected. Excessive PC inventory levels, especially in Western Europe, need to be cleared, which will delay Windows 10 inventory in the second half of the year. Within the data center systems segment, storage and network markets are both expected to see weaker growth in U.S. dollar terms as a result of the appreciation of the U.S. dollar. Reference Link
05:23 EDTPGHPengrowth Energy announces commissioning of Lindbergh, sale of non-core assets
Pengrowth reports that construction and commissioning of its insulated sales line connecting the Lindbergh commercial facilities with the Husky pipeline, has been completed on time. Production from the commercial facilities has now been tied-in to the sales line, providing Pengrowth with additional transportation/marketing optionality. Pengrowth still retains the option to move production by rail to markets in an effort to maximize revenues and netbacks. Growth in production from the Lindbergh thermal project continues to meet expectations and closely follows the performance that was established by the pilot wells over the initial months of production. Current production from the project is approximately 14,400 barrels per day with an instantaneous steam oil ratio of 1.99x. Production ramp-up at Lindbergh remains on track to achieve production rates of 16,000 bbl/d by the end of the year. As part of its emphasis on strengthening its balance sheet, the company intends to sell up to $600M of non-core assets by the end of the year. The proceeds from the expected dispositions will be used to reduce corporate indebtedness under the company's credit facilities.
June 25, 2015
12:26 EDTBPTHBio-Path Holdings announces $25M 'at-the-market' offering of common stock
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10:00 EDTCPEOn The Fly: Analyst Initiation Summary
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08:53 EDTMNTAMomenta announces CFO retirement, succession plan
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08:49 EDTMNTAMomenta says CFO intends to resign upon appointment of successor
Momenta said in a regulatory filing that on June 19, Richard P. Shea, SVP and CFO, notified the company of his intention to resign as CFO upon the company’s identification and appointment of a successor CFO. The notice was given in connection with a CFO succession plan developed by Shea and the company and the announcement of Shea’s plan to retire in 2016. The company has initiated a CFO search. Upon the appointment of a successor CFO, the company expects that Shea will remain with the company to assist with the CFO succession and serve in a newly-created role of SVP, Corporate Communications and Operations for a transition period prior to his retirement.
06:48 EDTCPECallon Petroleum initiated with a Buy at Wunderlich
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June 24, 2015
10:00 EDTAVGOOn The Fly: Analyst Initiation Summary
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07:39 EDTAVGOAvago initiated with a Buy at Argus
Target $163.
June 23, 2015
12:54 EDTAVGOPC concerns weighing on shares of Seagate, Western Digital
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10:15 EDTBWLDBuffalo Wild Wings management to meet with Sterne Agee CRT
Meeting to be held in Kansas City, MO on June 26 hosted by Sterne Agee CRT.
07:41 EDTSAPRed Hat to hold a summit
Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link
05:32 EDTSAPCalypso Technology signs global reseller agreement with SAP
Calypso Technology has entered into a global reseller agreement with SAP. Through this agreement, SAP will resell the Calypso cross-asset, front-to-back treasury and capital markets platform as two solution extensions: the SAP Capital Markets Trading solution by Calypso and the SAP Capital Markets Treasury solution by Calypso.

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