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Stock Market & Financial Investment News

News Breaks
May 22, 2014
10:23 EDTBA, SPTN, RNST, RGA, PRFT, NBR, MEOH, FLEX, FB, BAH, WOROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Boeing (BA) upgraded at Drexel Hamilton... Booz Allen (BAH) upgraded at Stifel... Facebook (FB) upgraded at Evercore... Flextronics (FLEX) upgraded at Needham... Methanex (MEOH) upgraded to Buy from Hold at TD Securities... Nabors Industries (NBR) upgraded to Buy from Hold at Jefferies... Perficient (PRFT) upgraded to Buy from Neutral at Sidoti... Reinsurance Group (RGA) upgraded to Outperform from Market Perform at Raymond James... Renasant (RNST) upgraded to Outperform from Market Perform at Keefe Bruyette... Spartan Stores (SPTN) upgraded to Buy from Hold at Cantor... Worthington (WOR) upgraded to Outperform from Neutral at Credit Suisse.
News For BA;BAH;FB;FLEX;MEOH;NBR;PRFT;RGA;RNST;SPTN;WOR From The Last 14 Days
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October 8, 2014
07:24 EDTFBFacebook feature allows advertisers to find clients via location
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06:00 EDTFBInstagram still most used social network for teens, says Piper Jaffray
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October 7, 2014
15:13 EDTBAEarnings Preview: Alcoa sees Q3 EPS to 'continue to build on strong Q2'
Alcoa (AA) is scheduled to report third quarter earnings after the close on Wednesday, October 8, with a conference call scheduled for 5:00 pm ET. Alcoa is a global manufacturer of aluminum products. EXPECTATIONS: Analysts are looking for earnings per share of 23c on revenue of $5.85B, according to First Call. The consensus range for EPS is 15c-28c on revenue of $5.62B-$6.07B. LAST QUARTER: Alcoa reported second quarter adjusted EPS of 18c against estimates for 12c on revenue of $5.8B against estimates for $5.66B. The company reiterated its 2014 global aluminum demand growth view of 7%, and backed its 2014 global aerospace growth outlook of 8%-9%. It raised its 2014 estimate for the North America commercial transportation market to 10%-14%, from a previous range of 5%-9%. The higher estimate was based in part on rising truck orders and backlogs. CEO Klaus Kleinfeld said the company's transformation was in "high gear." He noted that aerospace business is a tailwind due to strong demand for commercial aircraft, and said the company is well-positioned to capture upside from recent investments. On Alcoa's Q2 earnings conference call, management said during the quarter the company witnessed revenue growth across all major end markets and the businesses continued to deliver productivity gains. They expect Q3 earnings per share to "continue to build on the strong second quarter." ATOI is expected to grow by 5%-10% over last year's third quarter due to continued share gains, stronger market conditions and productivity. Productivity gains are expected to offset cost increases in Q3. For 2014, productivity is ahead of schedule with $556M of productivity gains achieved in first half 2014 against the annual target of $850M. On September 11, Alcoa signed a multi-year supply contract with Boeing (BA) valued at over $1B. STREET RESEARCH: Street research has been overwhelmingly positive in the weeks leading up to Alcoa's Q3 earnings report. On July 9, three firms, Stifel, JP Morgan, and Argus raised their respective price targets on Alcoa. On September 30, BofA/Merrill upgraded Alcoa to Buy from Neutral with a price target of $18. The firm was more positive on the outlook for aluminum and raised Alcoa's 2015 EPS estimate to $1.05 and EBITDA to $4.1B vs. consensus of 85c and $3.8B. BofA said plant closures, better demand, and falling pension costs were catalysts. PRICE ACTION: Alcoa shares have rallied approximately 8% over the past three months, touching a 52-week high of $17.36 in September. Over the past twelve months, the stock is up about 100%. In early afternoon trading ahead of tomorrow's Q3 report, Alcoa shares are down fractionally.
13:48 EDTFBFacebook to release anonymous chat application, NY Times reports
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13:33 EDTFBGoogle executive says Google+ here to stay, Re/code reports
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08:01 EDTBABoeing says cannot plan for 'armageddon' of Ex-Im bank closure, Bloomberg says
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06:43 EDTFBGM using Facebook, calls to reach out and get recalled cars fixed, AP reports
General Motors (GM) is using Facebook (FB) messages and phone calls to reach out to vehicle owners who have yet to bring in their cars the company has recalled, reports the Associated Press. CEO Mary Barra has also sent a personal letter urging people to get the switches replaced. Reference Link
05:29 EDTBABoeing forecasts world air cargo traffic to double in next 20 years
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October 6, 2014
16:00 EDTFBOptions Update; October 6, 2014
iPath S&P 500 VIX Short-Term Futures up 46c to 30.08. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX HPQ C RSH CLF PBR according to Track Data.
13:47 EDTFBFacebook acquisition cost of WhatsApp increased to $22B from $19B, Reuters says
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13:25 EDTBABoeing to construct certain 777X parts at Missouri facility, Reuters says
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09:46 EDTFBFacebook completes acquisition of WhatsApp
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08:56 EDTFBFacebook's shuttle bus drivers look to join union, NY Times reports
Facebook shuttle bus drivers, complaining of grueling 15-hour workdays, are seeking representation by the Teamsters union, the New York Times reports. Reference Link
07:13 EDTBABoeing confirms Alaska Airlines odrer of 10 737-900ER airplanes
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07:12 EDTFLEXThe MedTech Conference holds a conference
AdvaMed 2014 is being held in Chicago on October 6-8.
07:04 EDTBABE Aerospace names Lower CFO
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06:57 EDTBAData shows Airbus falling behind Boeing on jet sales, Reuters says
Company data from Airbus (EADSY) showed that the firm sold 76 planes last month, but ended the first nine months of 2014 behind Boeing (BA) regarding the amount of aircrafts delivered and sold, according to Reuters, citing the data. The French plane manufacturer has delivered 443 planes so far this year while Boeing has delivered 528. Reference Link
06:43 EDTFBFacebook has obtained $2B in legal judgments against spammers
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06:40 EDTFBHackers discover Facebook experimenting with Messenger payments, TechCrunch says
Hackers have discovered that Facebook is experimenting with payments in its Messenger app, TechCrunch reports. It is unclear whether Facebook will monetize Messenger by charging a small fee for money transfers, or would offer the functionality for free to drive usage of the standalone Messenger app. Reference Link
06:27 EDTBAAlaska Air purchases 10 additional Boeing 737-900ER aircraft
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