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Stock Market & Financial Investment News

News Breaks
April 15, 2014
10:00 EDTMT, RKT, PETM, EOG, AXS, ATHN, TRV, PINC, IP, FANG, WGP, SHCAY, PSX, IBM, CPSIOn The Fly: Analyst Downgrade Summary
AXIS Capital (AXS) downgraded to Market Perform from Outperform at Raymond James... Computer Programs (CPSI) reinstated with a Market Perform at Raymond James... Diamondback Energy (FANG) downgraded to Neutral from Buy at SunTrust... EOG Resources (EOG) downgraded to Sector Perform from Outperform at Howard Weil... IBM (IBM) downgraded to Neutral from Buy at Citigroup... International Paper (IP) downgraded to Neutral from Buy at Longbow... PetSmart (PETM) downgraded to Underperform from Neutral at BofA/Merrill... Phillips 66 (PSX) downgraded to Accumulate from Buy at Tudor Pickering... Premier (PINC) reinstated with a Market Perform at Raymond James... RMP Energy (OEXFF) downgraded to Sector Performer from Outperformer at CIBC... RockTenn (RKT) downgraded to Neutral from Buy at Longbow... Sharp (SHCAY) downgraded to Underperform from Hold at Jefferies... Travelers (TRV) downgraded to Market Perform from Outperform at Raymond James... Wal-Mart (WMT) downgraded to Underperform from Market Perform at William Blair... Western Gas Equity (WGP) downgraded to Accumulate from Buy at Tudor Pickering... athenahealth (ATHN) reinstated with a Market Perform at Raymond James.
News For AXS;CPSI;FANG;EOG;IBM;IP;PETM;PSX;PINC;RKT;SHCAY;TRV;MT;WGP;ATHN From The Last 14 Days
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February 2, 2016
06:09 EDTIBMIBM agrees to acquire Aperto, terms not disclosed
IBM announced it has signed a definitive agreement to acquire Aperto, a digital agency with headquarters in Berlin. Upon completion of this transaction, Aperto will to join the IBM Interactive Experience team, supporting IBM's growth in the largest economy in Europe. Aperto's 300-plus employees will continue to serve its roster of clients. The transaction is expected to close in Q1 and is subject to applicable regulatory review and customary closing conditions. Financial details were not disclosed.
February 1, 2016
09:37 EDTPINCPremier awarded key subcontract from Deloitte Consulting
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08:41 EDTFANGDiamondback Energy named top pick at SunTrust
SunTrust says its latest analysis reinforces its view that Diamondback's Midland Basin acreage is among some of the most economic in the industry. The firm says the company has solid management and strong financials. It raised its price target on the name to $95 from 494 and keeps a Buy rating.
08:06 EDTATHNathenahealth names Prakash Khot as Chief Technology Officer, effective Jan. 25
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January 31, 2016
20:22 EDTSHCAYInnovation Network mulling solar integration of Sharp, Showa, Nikkei says
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18:39 EDTSHCAYFoxconn chairman: Sharp to decide on offer next week, Bloomberg says
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16:18 EDTPSXBerkshire Hathaway acquires additional 2.54M shares of Phillips 66
In a regulatory filing late Friday, Berkshire Hathaway (BRK.A, BRK.B) disclosed the purchase of an additional 2.54M shares of Phillips 66 (PSX). The purchases were made January 27-29.
15:57 EDTMTArcelorMittal exploring sale of certain U.S. long steel mills, Platts says
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January 29, 2016
12:56 EDTPSXPhillips 66 says expects 'stronger gasoline growth globally' in 2016
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12:48 EDTPSXPhillips 66 says expects CapEx to decline over next several years
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12:21 EDTPSXPhillips 66 sees Q1 pre-tax refining turnaround expenses approximately $150M
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12:09 EDTPSXPhillips 66 sees 2016 pre-tax refining turnaround expenses $525M-$575M
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12:08 EDTPSXPhillips 66 says targeting 2016 dividend increase of at least 10%
Comment from company's Q4 earnings conference call.
10:05 EDTFANGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Equity (AEL) initiated with an Outperform at RBC Capital... Calpine (CPN) initiated with a Buy at Guggenheim... Diamondback Energy (FANG) initiated with an Outperform at BMO Capital... Dynegy (DYN) initiated with a Neutral at Guggenheim... ICF International (ICFI) initiated with a Market Perform at Barrington... Juno Therapeutics (JUNO) initiated with a Buy at SunTrust... Kite Pharma (KITE) initiated with a Buy at SunTrust... Match Group (MTCH) initiated with a Neutral at Susquehanna... Medifast (MED) initiated with a Hold at Wunderlich... NRG Energy (NRG) initiated with a Buy at Guggenheim... NRG Yield (NYLD) initiated with a Neutral at Guggenheim... Nutrisystem (NTRI) initiated with a Buy at Wunderlich... Parsley Energy (PE) initiated with an Outperform at BMO Capital... Precision Drilling (PDS) initiated with a Hold at Canaccord... RSP Permian (RSPP) initiated with an Outperform at BMO Capital... Taylor Morrison (TMHC) initiated with a Neutral at Citi... Tortoise North American Energy (TYN) initiated with a Neutral at Guggenheim... WisdomTree (WETF) initiated with a Neutral at Northcoast.
10:05 EDTCPSIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Atlassian (TEAM) upgraded on positive outlook at JMP Securities... BRF S.A. (BRFS) upgraded to Buy from Hold at Deutsche Bank... Bank of America (BAC) upgraded to Outperform from Sell at CLSA... CEMEX (CX) upgraded to Buy from Hold at Jefferies... Chemical Financial (CHFC) upgraded to Outperform from Market Perform at Fig Partners... Computer Programs (CPSI) upgraded to Buy from Hold at Topeka... DST Systems (DST) upgraded to Outperform at Baird... Diamond Offshore (DO) upgraded to Neutral from Sell at Citi... First Cash Financial (FCFS) upgraded to Buy from Neutral at Janney Capital... First Merchants (FRME) upgraded to Overweight from Equal Weight at Stephens... Flex (FLEX) upgraded on solid results at Stifel... Intercept (ICPT) upgraded to Equal Weight from Underweight at Morgan Stanley... J.C. Penney (JCP) upgraded to Neutral from Underperform at Credit Suisse... JetBlue (JBLU) upgraded to Buy from Hold at Evercore ISI... Juniper (JNPR) upgraded to Outperform from Market Perform at Bernstein... Live Oak Bancshares (LOB) upgraded to Buy from Neutral at SunTrust... Microsemi (MSCC) upgraded to Outperform from Market Perform at Wells Fargo... NetSuite (N) upgraded to Buy from Hold at Canaccord... NextEra Energy (NEE) upgraded to Outperform at Baird... Oshkosh (OSK) upgraded to Buy from Neutral at SunTrust... PC Connection (PCCC) upgraded to Market Perform from Underperform at Raymond James... Pinnacle Financial (PNFP) upgraded to Overweight from Equal Weight at Stephens... Potash (POT) upgraded to Outperform from Sector Perform at Scotiabank... Rayonier (RYN) upgraded on valuation at BMO Capital... SanDisk (SNDK) upgraded to Buy from Hold at Needham... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... Sotherly Hotels (SOHO) upgraded to Buy from Neutral at Janney Capital... Textura (TXTR) upgraded to Outperform from Market Perform at Northland... Valley National (VLY) upgraded to Buy from Hold at Sandler O'Neill.
07:39 EDTSHCAYFoxconn set to raise offer for Sharp, FT reports
Foxconn (HNHPF) is set to raise its bid for Sharp (SHCAY) to JPY700B from JPY625B, the Financial Times reports, citing a person with knowledge of the plan. Foxconn founder and chairman Terry Gou is anticipated to submit the new offer to Sharp at its headquarters in Osaka over the weekend with promises to invest further in Sharp's technology, the report says. Reference Link
07:25 EDTCPSIComputer Programs upgraded to Buy from Hold at Topeka
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07:03 EDTPSXPhillips 66 executing on plan to grow Midstream and Chemicals business
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07:01 EDTPSXPhillips 66 reports Q4 adjusted EPS $1.31, consensus $1.25
We operated well in the quarter, as refining capacity utilization remained high and clean product yield increased," said Greg Garland, Chairman and CEO. "We also reached a significant milestone with the Sweeny Fractionator One and Clemens Caverns coming online. Solid execution in the fourth quarter generated $1.5 billion of cash from operations, and we returned over $700 million to shareholders through dividends and share repurchases." Phillips 66's Midstream fourth-quarter adjusted earnings were $42 million, a decrease of $49 million from the third quarter. Phillips 66's Transportation business generated adjusted earnings of $78 million during the fourth quarter, consistent with the third quarter. NGL adjusted losses were $2 million for the fourth quarter. The $34 million decrease from the prior quarter was largely driven by the timing of adjustments related to the tax extenders bill, signed in December, as well as additional costs associated with the Sweeny Hub.
06:14 EDTFANGDiamondback Energy initiated with an Outperform at BMO Capital
Target $74.
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