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Stock Market & Financial Investment News

News Breaks
April 2, 2013
10:02 EDTFFIV, DLLR, EHTH, UPL, DVA, EBAY, CRFN, UAM, HBI, AZN, SMF, ROSE, UNH, GNCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AstraZeneca (AZN) upgraded to Neutral from Underweight at JPMorgan... DaVita (DVA) upgraded to Buy from Hold at Deutsche Bank... GNC Holdings (GNC) upgraded to Buy from Hold at Deutsche Bank... Hanesbrands (HBI) upgraded to Overweight from Equal Weight at Barclays... Qualcomm (QCOM) upgraded to Strong Buy from Outperform at Raymond James... Ultra Petroleum (UPL) upgraded to Buy from Hold at Brean Capital... UnitedHealth (UNH) upgraded to Strong Buy from Outperform at Raymond James... Universal American (UAM) upgraded to Market Perform from Underperform at Raymond James... eHealth (EHTH) upgraded to Buy from Neutral at Janney Capital... Rosetta Resources (ROSE) upgraded to Focus List from Sector Perform at Howard Weil... Qualcomm (QCOM) upgraded at Raymond James... Crescent Financial (CRFN) upgraded to Outperform from Market Perform at Raymond Jamesl... DFC Global (DLLR) upgraded to Buy from Neutral at Nomura... Salient MLP & Energy Infrastructure (SMF) upgraded to Buy from Hold at Stifel... eBay (EBAY) upgraded to Buy from Hold at Topeka... F5 Networks (FFIV) upgraded to Outperform from Neutral at RW Baird.
News For AZN;DVA;GNC;HBI;UPL;UNH;UAM;EHTH;ROSE;CRFN;DLLR;SMF;EBAY;FFIV From The Last 14 Days
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July 21, 2015
07:30 EDTEBAYeBay downgraded on valuation at Stifel
As noted earlier, Stifel downgraded eBay to Hold from Buy. The firm downgraded the stock on valuation.
06:19 EDTEBAYSilicon Valley giants side with Samsung in battle with Apple, InsideSources says
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July 20, 2015
19:02 EDTEBAYOn The Fly: After Hours Movers
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17:13 EDTROSENoble Energy closes acquisition of Rosetta Resources
Noble Energy (NBL) announced that the stockholders of Rosetta Resources (ROSE) overwhelmingly approved the merger of Rosetta into a subsidiary of Noble Energy. The transaction closed following the shareholder meeting and the merger will be effective at the end of the day. In conjunction with the closing, Rosetta will become a wholly owned subsidiary of Noble Energy and Rosetta CEO James Craddock will join the Noble Energy board. Highlights of the acquisition for Noble Energy include: Approximately 50,000 net acres in the Eagle Ford Shale and 56,000 net acres in the Permian; Year-end 2014 proved reserves of 282M barrels of oil equivalent; Current production of approximately 63 thousand barrels of oil equivalent per day; More than 1,800 gross horizontal drilling locations identified for development, with net unrisked resource potential of approximately 1B barrels of oil equivalent; Noble Energy anticipates more than 15% annual production growth to an average of more than 100 thousand barrels of oil equivalent per day in 2018; Substantial operational synergies expected across the combined onshore U.S. portfolio.
16:24 EDTEBAYeBay downgraded to Hold from Buy at Stifel
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16:22 EDTEBAYOn The Fly: Top stock stories for Monday
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13:46 EDTEBAYAmazon seen eclipsing Macy's as top U.S. clothing retailer
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13:14 EDTEBAYeBay acquires online clothing resale store Twice, TechCrunch reports
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12:08 EDTEBAYOn The Fly: Top stock stories at midday
Stocks on Wall Street were slightly higher at midday in the first trading day of a week that will be light on domestic economic data but heavy on earnings reports. Investors will be receiving profit reports from about 25% of the companies on the S&P 500 this week, making this the highest volume earnings week of this season. ECONOMIC EVENTS: In the U.S., no major data was released. In Europe, Greece reopened its banks three weeks after closing as the country worked out another bailout agreement. The country announced it has started the process of paying off its creditors, including the European Central Bank and the International Monetary Fund, with a bridge loan it just received. COMPANY NEWS: Lockheed Martin (LMT) agreed to buy the Sikorsky Aircraft business from United Technologies (UTX) for $9B, noting the price is "effectively reduced" to $7.1B after taking into account tax benefits resulting from the transaction. Shares of Lockheed, which also reported better than expected second quarter results and increased its fiscal year guidance, gained nearly 2% after the Sikorsky announcement and saying it will conduct a strategic review of its government IT infrastructure services business and technical services business... Shares of Morgan Stanley (MS) shares were little changed near noon after the bank reported earnings and revenue, excluding certain adjustments, that topped analysts' consensus forecasts... SunEdison (SUNE) announced a deal to acquire Vivint Solar (VSLR) for approximately $2.2B, payable in a combination of cash, shares of SunEdison common stock and SunEdison convertible notes. In connection with the proposed acquisition of Vivint Solar, SunEdison has entered into a definitive purchase agreement with a subsidiary of TerraForm Power (TERP) which, concurrently with the completion of SunEdison's acquisition of Vivint, will acquire Vivint Solar's rooftop solar portfolio, consisting of 523 MW expected to be installed by year-end 2015, for $922M in cash. Shares of Vivint rose 44% following the announcement, while SunEdison's stock gained 4% and TerraForm dropped 3%. Fellow residential solar installer SolarCity (SCTY), which is backed by Tesla's (TSLA) Elon Musk, rose 7% following the deal in the space. MAJOR MOVERS: Among the notable gainers was Exelixis (EXEL), which rallied 43% after the company reported that a study of cabozantinib in metastatic renal cell carcinoma met its primary endpoint of significant improvement in progression-free survival. The shares were indicated to rise even more in early pre-market trading, but lost some of their gains after Bristol-Myers (BMY) announced that its Opdivo study was stopped early after showing superior overall survival in a Phase 3 study of previously treated patients with advanced or metastatic renal cell carcinoma. Bristol-Myers rose a bit less than 1% to trade near $70 per share after its own announcement. Also higher was PayPal (PYPL), which gained more than 5.5% in its first day of trading after being spun out of eBay (EBAY). Meanwhile, eBay shares rose over 2%. Cal-Maine Foods (CALM) dropped 8% after posting lower than expected sales and profits in its fourth quarter and warning that while it should have an adequate supply of its primary feed ingredients, the company expects that prices will be "volatile" in the year ahead. Also lower were shares of several gold miners, including Barrick Gold (ABX) and Newmont Mining (NEM), which each fell about 11%, as gold prices declined about 2% near midday. INDEXES: Near midday, the Dow was up 31.66, or 0.18%, to 18,118.11, the Nasdaq was up 9.81, or 0.19%, to 5,219.96, and the S&P 500 was up 2.82, or 0.13%, to 2,129.46.
10:00 EDTUPLOn The Fly: Analyst Upgrade Summary
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09:31 EDTEBAYPayPal completes separation from eBay
PayPal Holdings (PYPL) has completed its separation from eBay (EBAY) and is now an independent public company trading on the Nasdaq Stock Market under the ticker symbol “PYPL.” PayPal is well-positioned to deliver the benefits of digital money to people around the world. In 2014, PayPal processed $235B in total payment volume and generated more than $8B in revenues. Also last year, PayPal processed $46B in mobile payment volume. The company serves more than 169M active customer accounts in 203 markets around the world. Under the terms of the separation, on July 17, 2015, stockholders who held eBay common stock at the close of business on July 8, 2015 received a distribution of one PayPal common share for every one share of eBay common stock held as of the Record Date. No fractional shares of PayPal were distributed.
08:34 EDTEBAYeBay price target adjusted to $33 following PayPal spin-off at Baird
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08:25 EDTROSERosetta Resources to host special shareholder meeting
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08:02 EDTUPLUltra Petroleum upgraded to Buy from Accumulate at KLR Group
KLR Group upgraded Ultra Petroleum to Buy with a $17 price target citing the recent pullback in shares.
July 17, 2015
14:37 EDTFFIVUCLA Health says 4.5M individuals' data possibly exposed in cyber attack
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08:18 EDTFFIVF5 Networks weakness likely to create attractive entry point, says Wells Fargo
Wells Fargo says that most of its contacts describe F5's business with vendors as on-plan. The firm thinks this indicates that the company's Q3 results will be at least in-line with expectations. The firm expects the company's growth to accelerate in fiscal Q1, and it continues to recommend that investors own the stock.
07:50 EDTUNHUnitedHealth, Catamaran deal will close earlier than expected, says UBS
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07:46 EDTEBAYeBay price target raised to $60 from $52 at Canaccord
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07:16 EDTROSERosetta Resources reports Q2 production up 2% to 63.0 MBoe/d
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07:13 EDTROSERosetta Resources reports Q2 adjusted EPS 16c, consensus 0c
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