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Stock Market & Financial Investment News

News Breaks
January 29, 2013
10:02 EDTBCEI, ELLI, DGX, HXL, CRM, VNR, N, ULTI, PRGX, NCLH, AXS, LH, CLHOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AXIS Capital (AXS) initiated with a Market Perform at Raymond James... Clean Harbors (CLH) initiated with a Buy at BB&T... LabCorp (LH) initiated with a Perform at Oppenheimer... Norwegian Cruise Line (NCLH) initiated with a Buy at Stifel Nicolaus... PRGX Global (PRGX) initiated with an Outperform at RW Baird... Quest Diagnostics (DGX) initiated with an Underperform at Oppenheimer... Vanguard Natural (VNR) initiated with an Outperform at Raymond James... Ultimate Software (ULTI) initiated with a Buy at Maxim... Salesforce.com (CRM) initiated with a Buy at Maxim... Ellie Mae (ELLI) initiated with a Buy at Maxim... NetSuite (N) initiated with a Hold at Maxim... Hexcel (HXL) initiated with a Buy at Topeka... Bonanza Creek (BCEI) initiated with an In-Line at Imperial Capital.
News For AXS;CLH;LH;NCLH;PRGX;VNR;DGX;ULTI;CRM;ELLI;N;HXL;BCEI From The Last 14 Days
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August 20, 2015
16:07 EDTCRMSalesforce raises FY16 adjusted EPS view to 70c-72c from 69c-71c
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16:06 EDTCRMSalesforce sees Q3 adjusted EPS 18c-19c, consensus 18c
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16:05 EDTCRMSalesforce reports Q2 adjusted EPS 19c, consensus 18c
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15:41 EDTCRMSalesforce August 69 straddle priced for 8.1% movement into Q2
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14:42 EDTCRMNotable companies reporting after market close
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14:17 EDTCRMSalesforce technical comments ahead of earnings
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12:32 EDTCRMEarnings Watch: Salesforce shares up fractionally since last earnings report
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10:00 EDTNOn The Fly: Analyst Initiation Summary
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09:25 EDTCRMSalesforce August volatility increases into Q2 and outlook
Salesforce August call option implied volatility is at 116, September is at 45; compared to its 52-week range of 25 to 59, suggesting large price movement into the expected release of Q2 results today.
07:11 EDTNNetSuite initiated with a Neutral at Susquehanna
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05:36 EDTVNRLegacy Reserves downgraded to Neutral from Buy at UBS
UBS downgraded Legacy Reserve (LGCY) to Neutral after after stress testing upstream MLPs to reflect scenarios in which oil remains depressed and recovery is limited. The firm expects MLPs that are better capitalized, well hedged and less levered to crude oil to outperform. It lowered its price target for shares to $5.50 from $14. UBS coupled the downgrade with an upgrade of Mid-Con Energy (MCEP) to Buy. Other Buy-rated upstream MLPs at the firm are Vanguard Natural (VNR), Memorial Production (MEMP) and Eagle Rock Energy (EROC). Sell-rated names are LINN Energy (LINE) and LinnCo (LNCO).
August 19, 2015
16:58 EDTVNROn The Fly: Top stock stories for Wednesday
The market opened deep in negative territory after a tumultuous trading session in China and a softer than expected U.S. consumer prices report. Sellers continued to push the averages lower throughout the morning, with the Dow tacking on losses of more than 200 points as investors waited for the release of the Fed minutes. The market rallied following an early leak of the minutes, which suggested officials are getting closer to raising rates but appear to be waiting for additional data. Despite the afternoon rally, the averages sold off once again heading into the close, leaving all three indices in the negatives for Wednesday. ECONOMIC EVENTS: In the U.S., the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%. There were no revisions to the 0.3% headline gain in June or the 0.2% growth in the ex-food and energy component. Component gains were muted across the board, with Energy prices up just 0.1% in July. Meanwhile, FOMC minutes showed no definitive indication of a September rate hike. Most committee members "judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point." Other members, however, believed that the inflation outlook "might not soon meet one of the conditions... for initiating a firming of policy." COMPANY NEWS: Shares of Dot Hill Systems (HILL) soared $4.50, or 86.87%, to $9.68 after Seagate Technology (STX) agreed to acquire the company for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016. Shares of the hard drive giant fell 5.03% to $49.43 for the session... Lowe's (LOW) shares saw gains of $1.34, or 1.84%, to $74.36 following the company's earnings report this morning, while Target (TGT) rose $59c, or 0.73%, to $80.89 after beating on both top and bottom lines. On a subsequent conference call, Target executives forecast a "choppy" competitive environment in Q3, though they added that the company "will not get beat" on promotions in Q4. Separately, American Eagle (AEO) lost 7.42% to $16.92 after its quarterly numbers. MAJOR MOVERS: Among the notable gainers were Palatin (PTN) and Apricus (APRI), showing respective advances of 3.19% and 7.89% after the FDA approved Sprout's female sexual dysfunction drug Addyi, with the agency remarking that it "continues to encourage drug development in this area." Note that both Palatin and Apricus are developing their own treatments in the space, and Apricus reaffirmed this morning its intent to seek a global partner as it advances its Femprox sexual dysfunction medication. Also higher was Yum! Brands (YUM), which gained $1.90, or 2.26%, to $86.10 after appointing a new CEO of its China division, adding that its same-store sales in the region "have turned significantly positive." Among the noteworthy losers was Rayonier Advanced Materials (RYAM), plunging $6.01, or 44.09%, to $7.62 after disclosing a legal battle with its customer Eastman Chemical (EMN) over "meet or release" contract stipulations which may impact Eastman's purchase obligations. Also lower was Caesarstone (CSTE), which lost $3.43, or 7.14%, to $44.61 after short-selling hedge fund Spruce Point said the stock has up to 75% downside due to heightened raw material costs and competitive concerns, among other factors. Separately, EOG Resources (EOG), Baytex Energy (BTE), and Vanguard Natural (VNR) saw respective losses of 4.15%, 15.53%, and 13.83% after WTI crude fell 5.02% for the session. INDEXES: The Dow declined 162.61, or 0.93%, to 17,348.73, the Nasdaq fell 40.30, or 0.80%, to 5,019.05, and the S&P 500 lost 17.31, or 0.83%, to 2,079.61.
08:01 EDTCRMSalesforce outlook has improved, says Oppenheimer
After conducting checks, Oppenheimer is more confident in Salesforce's business momentum. The firm thinks the company's business performed well at the end of Q2, as it closed a large number of big deals. Oppenheimer is upbeat on the outlook for Wave and says that a Fortune 500 company appears to be planning to increase its spending on the Salesforce1 platform. The firm says that the Fortune 500 company's decision has multiple positive implications for Salesforce. It reiterates an Outperform rating on the shares.
07:38 EDTBCEIEnerCom to hold a conference
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07:22 EDTVNRCitigroup to hold a conference
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06:31 EDTCRMSalesforce commercial business momentum moderating, says Jefferies
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06:26 EDTAXSAXIS Capital enters into accelerated share repurchase program for $300M
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August 18, 2015
10:58 EDTCRMSalesforce August volatility elevated into Q2 and outlook
Salesforce August call option implied volatility is at 96, September is at 44; compared to its 52-week range of 25 to 59, suggesting large price movement into the expected release of Q2 results on Aug 20.
08:01 EDTCRMSalesforce dip post earnings should be bought, says Canaccord
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07:29 EDTVNREnerCom to hold a conference
The Oil & Gas Conference is being held in Denver, Colorado on August 16-20 with webcasted company presentations to begin on August 18 at 10:00 am; not all company presentations may be webcasted. Webcast Link
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