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January 30, 2012
10:29 EDTOAS, PFS, MEI, TWX, PG, BAC, DRE, ABFS, NSH, WFM, DHI, SPLS, MNST, CF, HFC, CPRT, AKS, JPMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Bank of America (BAC) downgraded to Neutral from Buy at Goldman...JP Morgan (JPM) downgraded to Buy from Conviction Buy at Goldman...Staples (SPLS) downgraded to Sell from Neutral at Goldman...Procter & Gamble (PG) downgraded to Neutral from Buy at UBS...AK Steel (AKS) downgraded to Equal Weight from Overweight at Morgan Stanley...D.R. Horton (DHI) downgraded to Market Perform from Outperform at Keefe Bruyette...Time Warner (TWX) downgraded to Equal Weight from Overweight at Barclays...CoPart (CPRT) downgraded to Sell from Neutral at Goldman....Whole Foods (WFM) downgraded to Buy from Conviction Buy at Goldman...Methode Electronics (MEI) downgraded to Neutral from Outperform at RW Baird...HollyFrontier (HFC) downgraded to Neutral from Buy at Citigroup...NuStar GP Holdings (NSH) downgraded to Neutral from Buy at Citigroup...Provident Financial (PFS) downgraded to Neutral from Buy at Janney Capital...CF Industries (CF) downgraded to Hold from Buy at Dahlman Rose...Norfolk Southern (NSC) downgraded to Neutral from Overweight at Atlantic Equities...Arkansas Best (ABFS) downgraded to Neutral from Buy at BofA/Merrill...Oasis Petroleum (OAS) downgraded to Neutral from Buy at SunTrust...Monster Beverage (MNST) downgraded to Neutral from Buy at SunTrust...Duke Realty (DRE) downgraded to Market Perform from Outperform at Wells Fargo.
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May 10, 2015
20:03 EDTJPMCiti, JPMorgan, UBS consider exiting U.K., Financial Times says
Citi (C), JPMorgan (JPM), and UBS (UBS) are considering exiting their London operations due to the U.K.'s bank levy, reports the Financial Times, citing people familiar with the matter. There is particular focus among the banks to reduce repurchase agreements, said three senior industry figures. The Financial Times notes that the recent Conservative win could see political maneuvers to reduce or renegotiate the levy, potentially persuading the banks to stay. Reference Link
18:05 EDTTWXFCC contract ruling may speed review of AT&T-DirecTV merger, WSJ says
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17:35 EDTTWXDisney's 'Avengers: Age Of Ultron' leads U.S. weekend box office with $77.2M
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14:12 EDTWFMWhole Foods stock unlikely to outperform in near-term, Barron's says
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May 8, 2015
16:36 EDTWFMStocks end week higher as jobs data, M&A boosts shares
Stocks finished the week higher as favorable U.S. jobs data and significant M&A news boosted the major averages. MACRO NEWS: Weekly jobless claims and nonfarm payrolls for April both beat expectations. The U.S. unemployment rate fell to 5.4% from 5.5%. Other U.S. economic data points were mixed, as a services sector index for April beat expectations, while factory orders for March were in-line with the consensus estimate... Fed Chairman Janet Yellen said that high equity valuations could pose potential dangers... In China, exports fell 6.2% and imports slid 16.1% in April, according to government data... In Europe, the Conservative party succeeded in a surprise election victory in the U.K. and David Cameron will return as prime minister. Elsewhere in the region, a report showed that industrial production in Germany unexpectedly declined 0.5% in March. COMPANY NEWS: Yelp (YELP) rallied after Dow Jones reported that the company is looking to sell itself... Bloomberg reported early in the week that Microsoft (MSFT) was considering a bid for software as a service provider Salesforce (CRM). However, Reuters reported today that Microsoft isn't currently interested in buying the cloud company... Agricultural products maker Monsanto (MON) confirmed that it had made a bid to acquire Syngenta (SYT) for 449.00 CHF per share. Switzerland based Syngenta, which develops crop protection and seed products, turned down the offer, which it believes undervalues the company... McDonald's (MCD) said it would restructure its business into four segments, accelerate the pace of its refranchising and reach the top end of its three year $18B-$20B cash return to shareholders target by the end of 2016... Cisco (CSCO) announced that Chuck Robbins would take over as CEO and that John Chambers would assume the role of executive chairman on July 26... Among the companies whose stocks fell following their earnings reports were organic foods supermarket chains Whole Foods (WFM) and Sprouts Farmers Markets (SFM) and accessories designer Kate Spade (KATE). Conversely, the shares of Herbalife (HLF) and data analytics tool provider Tableau (DATA) advanced after their quarterly reports. INDEXES: For the week, the Dow rose 0.9% to 18,191.11, the Nasdaq fell 0.05% to 5,003.55, and the S&P 500 gained 0.36% to 2,116.10.
16:05 EDTBACOptions Update; May 8, 2015
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12:58 EDTWFMOn The Fly: Top stock stories at midday
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11:44 EDTWFMSprouts Farmers Markets tumbles after Q1 results miss expectations, SSS slows
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10:03 EDTMNSTHigh option volume stocks
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10:01 EDTMNSTOn The Fly: Analyst Downgrade Summary
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10:00 EDTMNSTMonster Beverage drops after earnings
The stock was last down over 10% to $128.66. At that price, next support is at $126. Resistance is at $130.05.
09:36 EDTBACActive equity options trading on open:
Active equity options trading on open: AAPL BABA FB DIS MSFT TSLA NFLX AMZN BAC
09:28 EDTMNSTOn The Fly: Pre-market Movers
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09:16 EDTCFCF Industries price target raised to $350 from $338 at Susquehanna
Susquehanna raised its price target on CF Industries to $350 from $338 following Q1 results. The firm expects accelerating share repurchases as free cash flow turns positive next year and reiterated its Positive rating on CF Industries shares.
09:04 EDTAKSAK Steel announces UAW Members ratify labor agreement for Zanesville works
AK Steel said that members of the United Auto Workers, Local 4104, have ratified a new four-year labor agreement covering about 140 hourly production and maintenance employees at the company's Zanesville Works. AK Steel said that UAW officials notified the company that the new contract was ratified in voting held on May 7 in Zanesville. The new agreement takes effect on May 20 and runs through May 31, 2019.
07:49 EDTSPLSJPMorgan recommeds long Staples, short Office Depot pair trade
JPMorgan believes Staples (SPLS) is positioned to win whether or not the merger with Office Depot (ODP) receives regulatory approval. Should the deal go through, the potential synergies are "substantial" and should drive higher estimates, JPMorgan says. Should it not, Staples' performance gap over Office Depot will only widen, the firm believes. The firm thinks a long Staples, short Office Depot trade can generate positive returns over time. It keeps a Neutral rating on both stocks.
07:48 EDTMNSTMonster Beverage sales growth likely to accelerate in Q2, says Stifel
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06:48 EDTJPM, BACBanks to erase debt of bankrupt consumers from reports, NY Times says
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06:43 EDTMNSTMonster Beverage downgraded to Neutral from Conviction Buy at Goldman
Goldman Sachs downgraded Monster Beverage to Neutral from Conviction Buy citing more limited upside potential following the recent rally in shares. Goldman still views Monster's deal with Coca-Cola (KO) as transformational, but points out it is taking longer than expected. The firm has a $150 price target for Monster shares
06:35 EDTBACShareholder support for Bank of America board drops, Reuters says
None of the four Bank of America directors up for reelection this week received more than 71.9% of votes, according to Reuters. Last year, none of the directors received less than 98% of votes, the news service stated. Reference Link
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