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Stock Market & Financial Investment News

News Breaks
January 15, 2014
09:13 EDTCHL, NUVA, VJET, CRUS, XONE, ARO, PETM, DRWI, SSYS, CHTP, CMCSA, AAPL, COOL, DTLK, DDD, FAST, TSLA, BACOn The Fly: Pre-market Movers
UP AFTER EARNINGS:Bank of America (BAC), up 3%... ALSO HIGHER: Datalink (DTLK), up 28% after raising outlook... Apple (AAPL), up 1.5% after company says deal with China Mobile (CHL) to sell iPhones will help boost sales of the smartphone to a record high in Greater China in Q1... Aeropostale (ARO), up 7% after Bloomberg reports the company has reached out to private-equity firms as it explores strategic alternatives... Chelsea Therapeutics (CHTP), up 151% after winning FDA panel backing for Northera... DragonWave (DRWI), up 12% after signing strategic sales agreement for China with Xi'an Potevio... NuVasive (NUVA), up 9.5% after reporting Q4, FY13, FY14 preliminary earnings... Comcast (CMCSA), up 2% after upgraded at Morgan Stanley... Tesla (TSLA), up 3.7% after CEO Musk says hoping to make vehicle deliveries in China in March. DOWN AFTER EARNINGS: Fastenal (FAST), down 3%... Majesco (COOL), down 21%. ALSO LOWER: ExOne (XONE), down 13% after lowering FY13 revenue view. Other 3D printing companies also fell, as Voxeljet (VJET), down 6%, 3D Systems (DDD), down 3.5%, and Stratasys (SSYS), down 1.2%, are all lower in pre-market trading... Cirrus Logic (CRUS), down 3.5% following downgrade at Pacific Crest... PetSmart (PETM), down 3.6% after COO departure, downgrade at UBS.
News For BAC;AAPL;ARO;TSLA;CMCSA;XONE;FAST;CHTP;CRUS;DDD;SSYS;VJET;DTLK;DRWI;NUVA;COOL;PETM;CHL From The Last 14 Days
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January 15, 2015
10:00 EDTAAPLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Campus (ACC) downgraded to Sell from Neutral at Goldman... Apple (AAPL) downgraded to Neutral from Buy at Mizuho... Archer Daniels (ADM) downgraded to Neutral from Buy at Goldman... Barrick Gold (ABX) downgraded to Underweight from Equal Weight at Barclays... CNOOC (CEO) downgraded to Underperform from Hold at Jefferies... CSC (CSC) downgraded to Underweight from Neutral at JPMorgan... Computer Programs (CPSI) downgraded to Market Perform from Outperform at William Blair... D.R. Horton (DHI) downgraded to Neutral from Buy at UBS... DDR Corp. (DDR) downgraded to Neutral from Overweight at JPMorgan... Dominion Diamond (DDC) downgraded to Equal Weight from Overweight at Barclays... EVERTEC (EVTC) downgraded to Neutral from Overweight at JPMorgan... Education Realty (EDR) downgraded to Sell from Neutral at Goldman... Franco-Nevada (FNV) downgraded to Underweight from Equal Weight at Barclays... General Cable (BGC) downgraded to Neutral from Buy at Longbow... Green Dot (GDOT) downgraded to Neutral from Overweight at JPMorgan... Greif (GEF) downgraded to Neutral from Buy at BofA/Merrill... Grupo Simec (SIM) downgraded to Neutral from Buy at Goldman... Hecla Mining (HL) downgraded to Hold from Buy at BB&T... Host Hotels (HST) downgraded to Hold from Buy at MLV & Co.... Ingredion (INGR) downgraded to Sell from Neutral at Goldman... Insulet (PODD) downgraded to Market Perform from Outperform at Raymond James... Johnson & Johnson (JNJ) downgraded to Sell from Neutral at Goldman... Magna (MGA) downgraded to Hold from Buy at TD Securities... Molson Coors (TAP) downgraded to Neutral from Buy at Goldman... Nuverra Environmental (NES) downgraded at Roth Capital... Omnicom (OMC) downgraded to Hold from Buy at Evercore ISI... PetroChina (PTR) downgraded to Underperform from Hold at Jefferies... Philip Morris (PM) downgraded to Sell from Neutral at Goldman... Precision Castparts (PCP) downgraded to Hold from Buy at KeyBanc... Rio Tinto (RIO) downgraded to Neutral from Outperform at Macquarie... STAG Industrial (STAG) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Equal Weight from Overweight at Barclays... Sinopec (SNP) downgraded to Underperform from Hold at Jefferies... Sky (SKYAY) downgraded to Neutral from Outperform at Exane BNP Paribas... Teledyne (TDY) downgraded to Underweight from Hold at KeyBanc... Woodward (WWD) downgraded to Underweight from Hold at KeyBanc... Xilinx (XLNX) downgraded to Equal Weight from Overweight at Barclays.
09:36 EDTAAPL, BAC, TSLAActive equity options trading
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09:31 EDTBACBank of America upgraded to Sector Perform from Underperform at Portales
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09:21 EDTBACBank of America says funded exposure to oil/gas about $23B at end year
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09:15 EDTBACOn The Fly: Pre-market Movers
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09:10 EDTBACBofA CFO says Q4 noninterest expense lowest since Merrill Lynch merger
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09:05 EDTBACBank of America sees pick-up in mortgage production in Q1 from re-fi
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08:30 EDTAAPLEU to publish details of Amazon's tax deal with Luxembourg, Reuters reports
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07:32 EDTBACBank of America down 2.2% after Q4 revenue miss
07:30 EDTBACBank of America reports Q4 FTE headcount down 2.5% from Q3
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07:14 EDTBACBank of America CEO says bank enters 2015 'in good shape'
"In 2014, we continued to invest in our businesses while reducing expenses and resolving our most significant litigation matters. Last quarter, consumer deposits and loan originations were solid; wealth management client balances grew to $2.5 trillion; we increased lending to middle-market and large companies; and we retained a leadership position in investment banking. There's more work and tremendous opportunity ahead as we improve on the platform we've built to serve our customers and clients, and we enter 2015 in good shape to manage both the opportunities and the challenges the markets and economy will offer," said CEO Brian Moynihan.
07:09 EDTBACBank of America reports book value per share $21.32 at Dec. 31, 2014
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07:07 EDTBACBank of America reports Q4 charge-offs $0.9B
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07:07 EDTFASTFastenal reports Q4 and FY14 sales trends
Fastenal's Q4 increase in net sales came primarily from higher unit sales. Net sales were impacted by slight inflationary price changes in non-fastener products and some price deflation in fastener products, but the net impact was a drag on growth. Growth in net sales was not meaningfully impacted by the introduction of new products or services, with one exception. The higher unit sales resulted primarily from increases in sales at older store locations and to a lesser degree the opening of new store locations in the last several years. Since May, stores opened greater than five years have enjoyed double digit growth in every month. The non-fastener business demonstrated greater relative resilience over the last several years vs. the fastener business and the distribution industry in general, due to the company's industrial vending program. However, this business was not immune to the impact of a weak industrial environment. During 2014, the company closed 52 stores in total. The company chose to close this group not because of unprofitability but because it felt this was a better approach to growing the business profitably. The company estimates a normal gross profit percentage for the business is around 51% and targets a range of 51% to 52%. During FY14 and Q4 of 2014, gross profit dropped below 51%, centered on transactional impacts driven by product and customer mix, its strong emphasis on growing average store sales and, in Q4, with seasonality.
07:04 EDTBACBank of America reports Q4 results include 7c per share charges
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07:02 EDTBACBank of America reports Q4 EPS ex-charges 32c, consensus 32c
Reports Q4 revenue ex DVA/FVA $19.58B, consensus $20.94B.
06:52 EDTFASTFastenal reports Q4 EPS 40c, consensus 39c
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06:12 EDTAAPLTSMC sales likely to disappoint in Q2, DigiTimes reports
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06:06 EDTAAPLApple downgraded to Neutral from Buy at Mizuho
Mizuho downgraded Apple to Neutral and maintained its $115 price target based on balanced risk/reward. The firm expects solid Q1 results on January 27 and for March outlook to be inline with consensus but expects iPhone sales to decelerate later in the year and for iWatch sales to potentially disappoint.
06:05 EDTAAPLApple implied volatility of 39 at upper end of index mean range
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