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Stock Market & Financial Investment News

News Breaks
December 19, 2012
10:10 EDTAXP, USB, SD, KB, CPWR, BJRI, SYMM, PFG, HRB, CB, BBT, WFC, SWHC, PDCE, GTAT, CPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Express (AXP) downgraded to Equal Weight from Overweight at Evercore... BB&T (BBT) downgraded to Equal Weight from Overweight at Morgan Stanley... BJ's Restaurants (BJRI) downgraded to Neutral from Outperform at Wedbush... Canadian Pacific (CP) downgraded to Sector Perform from Outperform at Scotia Capital... Chubb (CB) downgraded to Equal Weight from Overweight at Morgan Stanley... Compuware (CPWR) downgraded to Market Perform from Outperform at Northland Securities... GT Advanced (GTAT) downgraded to Neutral from Overweight at Piper Jaffray... H&R Block (HRB) downgraded to Neutral from Buy at Compass Point... KB Financial Group (KB) downgraded to Neutral from Buy at UBS... PDC Energy (PDCE) downgraded to Hold from Buy at Canaccord... Principal Financial (PFG) downgraded to Underweight from Equal Weight at Evercore... SandRidge Energy (SD) downgraded to Neutral from Buy at Citigroup... Smith & Wesson (SWHC) downgraded to Neutral from Outperform at Cowen... Symmetricom (SYMM) downgraded to Neutral from Buy at B. Riley... U.S. Bancorp (USB) downgraded to Equal Weight from Overweight at Morgan Stanley... Wells Fargo (WFC) downgraded to Equal Weight from Overweight at Evercore.
News For AXP;BBT;BJRI;CP;CB;CPWR;GTAT;HRB;KB;PDCE;PFG;SD;SWHC;SYMM;USB;WFC From The Last 14 Days
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August 20, 2015
10:00 EDTUSB, AXPOn The Fly: Analyst Initiation Summary
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08:15 EDTAXPAmerican Express initiated with a Hold at Evercore ISI
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05:48 EDTWFCStocks with implied volatility movement; WFC XLI
Stocks with implied volatility movement; Wells Fargo (WFC) 16, Industrial Select Sector SPDR (XLI) 18 according to iVolatility.
August 19, 2015
17:12 EDTUSBU.S. Bancorp initiated with a Neutral at Sterne Agee CRT
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07:38 EDTPDCEEnerCom to hold a conference
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06:05 EDTPFGPrincipal Financial appoints Daniel J. Houston as CEO
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05:30 EDTBBTNational Penn downgraded to Neutral from Overweight at Piper Jaffray
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August 18, 2015
17:35 EDTWFCWells Fargo to build additional car loan branches, Reuters says
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16:49 EDTBBTOn The Fly: Top stock stories for Tuesday
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13:33 EDTBBTOn The Fly: Top stock stories at midday
Repeating yesterday's start, the market began the session in negative territory before recapturing those losses. Early weakness was attributed to a dip in Wal-Mart (WMT) shares after the company's earnings report as well as a selloff in the Chinese market overnight. Heading into the afternoon, the market has drifted back across the flat line, with all three indices negative despite July's housing starts showing the strongest reading in eight years. ECONOMIC EVENTS: In the U.S., housing starts edged up 0.2% in July to 1.206M, outpacing consensus estimates for 1.180M in the best reading since October 2007. Building permits fell 16.3% to 1.119M against expectations for 1.230M from a revised 1.337M in June, while single family starts rose 12.8% and multifamily numbers fell 17.0%. In Europe, Eurozone parliaments are set to vote on Greece's prospective bailout deal this week, with Reuters reporting earlier today that the Austrian parliament has approved the EUR86B agreement. COMPANY NEWS: Shares of National Penn (NPBC) rose nearly 17% to $12.77 after BB&T (BBT) agreed to acquire the company in a $1.8B cash and stock deal. On a conference call discussing the acquisition, BB&T CEO Kelly King called the "very, very synergistic" deal a "compelling use of capital," adding that the company expects to consolidate about 25 branches to help drive annual cost savings of $65M... Wal-Mart (WMT) fell roughly 3.2% to near $69.50 after cutting its full year earnings outlook this morning, with CFO Charles Holley noting that operating profit will see continued pressure. Meanwhile, Home Depot (HD) and Dicks Sporting Goods (DKS) saw respective gains of about 2.3% and 1.8% after their pre-market earnings reports. MAJOR MOVERS: Among the notable gainers was Omeros (OMER), surging more than 69% to $24.58 after releasing positive preliminary data on its Phase 2 trial of OMS721 for the treatment of organ blood clots. Also higher was Inteliquent (IQNT), rising about 19% to $21.24 after announcing a three-year agreement with T-Mobile (TMUS) to provide IP voice services for the carrier. Separately, Lumber Liquidators (LL) has gained almost 5.7% to nearly $15 in afternoon trading after announcing the appointment of Jill Witter as Chief Compliance and Legal Officer. Among the noteworthy losers was Esperion (ESPR), falling over 11% despite rising 5% in pre-market trading after reporting that the ETC-1002 Phase 3 program is on track, adding that the FDA will not require a cardiovascular outcomes trial prior to the drug's potential approval. Also lower was American Apparel (APP), slipping about 1.9% after disclosing "substantial doubt" about its ability to sustain operations during the coming year. INDEXES: Near midday, the Dow was down 40.37, or 0.23%, to 17,504.81, the Nasdaq lost 26.86, or 0.53%, to 5,064.96, and the S&P 500 was lower by 6.02, or 0.29%, to 2,096.41.
10:00 EDTPFGOn The Fly: Analyst Downgrade Summary
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09:23 EDTBBTOn The Fly: Pre-market Movers
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07:02 EDTBBTBB&T to host conference call
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05:37 EDTPFGPrincipal Financial downgraded to Market Perform from Outperform at Keefe Bruyette
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05:12 EDTBBTBB&T to acquire National Penn in cash, stock deal valued at $1.8B
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05:09 EDTBBTBB&T to acquire National Penn in cash, stock deal valued at $1.8B
August 17, 2015
16:48 EDTAXPValueAct discloses 11.1M share stake in American Express in 13F filing
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12:02 EDTAXPAmerican Express reports July net write-off rate 1.3% vs. 1.3% last month
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09:11 EDTPDCEPDC Energy upgraded to Conviction List from Outperform at Iberia
Iberia upgraded PDC Energy to the Conviction List and increased its price target to $65 from $58. The firm views valuation as attractive an said the company is executing well and its balance sheet ranks among the best versus peers.
08:09 EDTCBACE Limited upgraded on Chubb acquisition at BMO Capital
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