New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 13, 2012
10:12 EDTBKD, FBHS, OIS, CPRT, DRC, BEAV, NX, MDCA, AYR, AXS, GRA, BKW, BWLD, ACGL, SNTA, MCP, EAT, ADKOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AXIS Capital (AXS) initiated with a Buy at Goldman... AdCare (ADK) initiated with an Outperform at Imperial Capital... Aircastle (AYR) initiated with a Buy at Deutsche Bank... Albermarle (ALB) initiated with an Outperform at RW Baird... Arch Capital (ACGL) initiated with a Neutral at Goldman... Brinker (EAT) initiated with a Buy at Citigroup... Buffalo Wild Wings (BWLD) initiated with a Neutral at Citigroup... Burger King (BKW) initiated with a Buy at Citigroup... MDC Partners (MDCA) initiated with a Buy at Capstone... Molycorp (MCP) initiated with a Neutral at RW Baird... Quanex (NX) initiated with an In-Line at Imperial Capital... Synta Pharmaceuticals (SNTA) initiated with a Buy at Brean Capital... W.R. Grace (GRA) initiated with an Outperform at RW Baird... BE Aerospace (BEAV)initiated with an Overweight at JPMorgan... Fortune Brands (FBHS) initiated with a Neutral at JPMorgan... Dresser-Rand (DRC) initiated with a Buy at Guggenheim... Oil States (OIS) initiated with a Buy at Guggenheim... Brookdale Senior Living (BKD) initiated with a Neutral at Macquarie... Copart (CPRT) initiated with a Buy at Northcoast.
News For AXS;ADK;ACGL;AYR;EAT;BWLD;MDCA;MCP;BKW;NX;SNTA;GRA;BEAV;DRC;OIS;BKD;CPRT;FBHS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
April 20, 2015
08:35 EDTGRAW.R. Grace should be bought on weakness, says Cowen
Subscribe for More Information
April 17, 2015
16:11 EDTADKAdCare announces resignation of Chief Accounting Officer Sheryl Wolf
On April 14, Sheryl Wolf, the Senior Vice President, Controller and Chief Accounting Officer of AdCare Health Systems, resigned from the company effective May 1. After Wolf's departure, Allan Rimland, the company’s President and CFO, will serve as the company’s principal accounting officer.
09:12 EDTAXSIndustry bankers see Argo Group at potential takeout target, dealReporter says
Recently announced deals in the insurance space, such as PartnerRe’s (PRE) proposed merger with AXIS Capital (AXS) and the subsequent bid for PartnerRe from Exor, could provide "compelling logic" for a takeover of Argo Group (AGII), industry bankers told dealReporter, according to contacts.
April 16, 2015
10:00 EDTBWLDOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:35 EDTMCPMolycorp rally yesterday 'way overdone,' says JPMorgan
Subscribe for More Information
April 15, 2015
17:24 EDTBWLDBuffalo Wild Wings initiated with a Neutral at Guggenheim
Subscribe for More Information
16:01 EDTMCPOptions Update; April 15, 2015
iPath S&P 500 VIX Short-Term Futures down 49c to 21.90. Option volume leaders: AAPL NFLX C PBR KMI RIG MCP TWTR GILD BAC according to Track Data.
10:19 EDTDRCOptions with decreasing implied volatility
Subscribe for More Information
10:00 EDTBWLDOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:08 EDTMCPOn The Fly: Pre-market Movers
Subscribe for More Information
07:14 EDTMCPMolycorp selected by Siemens to supply rare earth materials
Subscribe for More Information
06:04 EDTBWLDBuffalo Wild Wings initiated with an Outperform at Cowen
Subscribe for More Information
April 14, 2015
19:02 EDTAXSAXIS Capital acknowledges Exor made unsolicited proposal for PartnerRe
Subscribe for More Information
12:24 EDTAXSOn The Fly: Top stock stories at midday
Stocks on Wall Street were mixed at midday despite better than expected headline earnings from JPMorgan (JPM), Wells Fargo (WFC) and Johnson & Johnson (JNJ). The market began the session in positive territory on the heels of those solid earnings reports, but the averages were unable to hold their early gains as the retail sales figures released during the pre-market trading session missed expectations. ECONOMIC EVENTS: In the U.S., retail purchases grew 0.9% in March, rebounding from a 0.5% decline in February. However, economists were expecting a more pronounced 1.1% advance in recovery from the prior month's weather driven weakness. The producer price index rose 0.2% in March, matching expectations. The core PPI, which excludes food and energy, grew 0.2% as well, versus expectations for it to have risen 0.1%. Business Inventories grew 0.3% in February, versus expectations for them to be up 0.2%. The International Monetary Fund, in its latest World Economic Outlook Report, trimmed its U.S. growth forecast to a 3.1% pace from its prior 3.6% view, but left its global forecast intact at a 3.5% rate. COMPANY NEWS: Shares of JPMorgan advanced 1.5% after its headline earnings per share topped expectations, even before accounting for 13c per share in aftertax legal expense that the bank identified as a "significant item." Conversely, fellow large bank Wells Fargo (WFC) slid 1.5% after its own report on first quarter results, despite the fact that its earnings and revenue both topped the consensus forecast... Shares of Johnson & Johnson (JNJ) were fractionally higher at midday after its first quarter earnings and revenue beat expectations. The multinational company, however, lowered its FY15 adjusted earnings outlook, citing further negative foreign currency movements... Nokia (NOK) and Alcatel-Lucent (ALU), in response to "recent media speculation," confirmed that they are in advanced discussions with respect to a potential full combination, which would take the form of a public exchange offer by Nokia for Alcatel. MAJOR MOVERS: Among the notable gainers was 58.com (WUBA), which jumped 25% after Financial Times reported the company has signed a memorandum of understanding to merge with peer Ganji.com to create one of the largest specialized online classified companies in China. Also higher was PartnerRe (PRE), which advanced nearly 9% to trade near $129.50 after Europe based investment company EXOR announced that it submitted a written proposal to acquire 100% of the common shares of the company for $130.00 per share in cash, valuing PartnerRe at $6.4B. EXOR said its all-cash proposal represents a 16% premium to the implied value per share of $112.53 for PartnerRe under the merger deal it has in place with AXIS Capital (AXS). Among the noteworthy losers was Arrowhead Research (ARWR), which tumbled over 6% after Jefferies downgraded the stock to Hold and cut its price target for shares to $9 from $30 after assuming coverage of the stock. The firm said that while ARC-520 offers the potential for a Hepatitis B virus functional cure, it prefers to wait for multi-dosing data. Also lower was Norfolk Southern (NSC), which fell nearly 6% and was downgraded to Hold from Buy at TD Securities after the railroad operator provided first quarter guidance that came in below analysts' consensus estimates. INDEXES: Near midday, the Dow was up 53.15, or 0.3%, to 18,030.19, the Nasdaq was down 16.19, or 0.32%, to 4,972.06, and the S&P 500 was up 2.20, or 0.11%, to 2,094.63.
11:55 EDTAXSEXOR tops AXIS offer with $130 per share bid for PartnerRe
Subscribe for More Information
10:34 EDTDRCOptions with decreasing implied volatility
Subscribe for More Information
10:01 EDTAYROn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:58 EDTAYRAircastle upgraded to Equal Weight from Underweight at Morgan Stanley
Subscribe for More Information
April 13, 2015
15:21 EDTNXPraesidium reports 7.2% stake in Quanex
Subscribe for More Information
April 12, 2015
12:51 EDTCPRTCopart opens Bahrain auction facility
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

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