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Stock Market & Financial Investment News

News Breaks
March 19, 2014
07:23 EDTSALT, NM, FRO, CPLP, SBLK, NNA, GLOB, DRYS, BALT, SB, NMM, GASS, DLNGDeutsche Bank to hold a summit
2014 Shipping Summit is being held in New York on March 19.
News For BALT;CPLP;DLNG;DRYS;FRO;GASS;GLOB;NM;NMM;NNA;SALT;SB;SBLK From The Last 14 Days
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July 31, 2015
07:45 EDTSALTScorpio Bulkers announces purchase of 1.05M common shares by Scorpio Service
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July 30, 2015
17:31 EDTSBSafe Bulkers reports Q2 EPS (9c), consensus (9c)
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17:31 EDTSALTScorpio Bulkers holder Monarch ureges resumption of asset sale program
Monarch, a 10.31% stake holder in Scorpio Bulkers, said, "For nearly a month, Monarch has been privately trying to arrange a meeting with independent directors of the Company outside the presence of members of management to discuss concerns Monarch has with certain management decisions and the Company’s corporate governance. Monarch believes that independent directors have a unique responsibility to shareholders and sought to engage in a dialogue with the Company’s independent directors outside of the presence of the management team that they are responsible for evaluating. Because the Company has repeatedly rejected such a meeting, on July 28, 2015, Monarch sent a letter to the Company’s independent directors." The letter said in part: "We are deeply disappointed that the stock of the Company has declined in price by 80% since its IPO. We believe that a meaningful portion of the decline in stock price could have been avoided with better decisions by management and the Board and better corporate governance procedures....The Company should resume its asset sale program and use the proceeds to buy back stock. The Company’s stock trades at a deep discount to net asset value and any buybacks of stock will be accretive to NAV...The Company should add two new independent directors to the Board, chosen in consultation with the largest shareholders, including Monarch, in order to better align the Company with shareholder interests."
07:57 EDTCPLPCapital Product increases common and Class B unit distributions
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07:54 EDTCPLPCapital Product reports Q2 EPS ex-items 9c, consensus 10c
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07:16 EDTNMMNavios Maritime Partners reports Q2 EPS 13c, consensus 18c
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July 29, 2015
10:00 EDTSALTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 3D Systems (DDD) upgraded to Neutral from Underperform at Longbow... AK Steel (AKS) upgraded to Outperform from Neutral at Macquarie... Ally Financial (ALLY) upgraded to Outperform from Neutral at Credit Suisse... Amazon.com (AMZN) upgraded to Buy from Hold at Stifel... Arrow Electronics (ARW) upgraded to Buy from Underperform at CLSA... Beacon Roofing (BECN) upgraded to Buy from Neutral at CL King... Citrix (CTXS) upgraded to Outperform at Baird... Commvault (CVLT) upgraded to Buy from Hold at Jefferies... FireEye (FEYE) upgraded on positive checks, business mdoel changes at Oppenheimer... Hibbett Sports (HIBB) upgraded to Neutral from Underperform at Sterne Agee CRT... Integra LifeSciences (IART) upgraded to Outperform at Raymond James... M/A-COM (MTSI) upgraded to Buy from Hold at Needham... Norsk Hydro (NHYDY) upgraded to Neutral from Underperform at Exane BNP Paribas... NuVasive (NUVA) upgraded to Outperform from Market Perform at Northland... SM Energy (SM) upgraded to Outperform from Market Perform at Raymond James... Scorpio Bulkers (SALT) upgraded to Buy from Hold at Deutsche Bank... Sirius XM (SIRI) upgraded to Buy from Hold at Wunderlich... Sprouts Farmers Markets (SFM) upgraded to Neutral from Underperform at Longbow... Supervalu (SVU) upgraded to Equal Weight from Underweight at Morgan Stanley... Waters (WAT) upgraded to Outperform from Market Perform at Wells Fargo... Wells Fargo (WFC) upgraded to Buy from Neutral at Guggenheim... Williams-Sonoma (WSM) upgraded to Overweight from Neutral at JPMorgan... YRC Worldwide (YRCW) upgraded to Strong Buy at Raymond James.
06:19 EDTSALTScorpio Bulkers upgraded to Buy from Hold at Deutsche Bank
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July 28, 2015
08:38 EDTSALTScorpio Bulkers reports Q2 EPS (9c), consensus (11c)
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July 27, 2015
10:00 EDTGLOBOn The Fly: Analyst Downgrade Summary
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07:33 EDTGLOBGlobant downgraded to Neutral from Buy at Citi
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July 23, 2015
16:20 EDTCPLPCapital Product increases quarterly cash distribution 0.2c to 23.65c per share
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10:53 EDTGLOBGlobant moves up following a positive mention by Navellier
July 22, 2015
16:12 EDTSBLKStar Bulk Carriers takes delivery of three bulk carrriers
Star Bulk Carriers took delivery of two 209,000 dwt Newcastlemax bulk carriers built by Nantong COSCO KHI-Ship Engineering and a 61,000 dwt Ultramax bulk carrier built by Japan Marine United. Following these deliveries, Star Bulk owns seventy-two dry bulk vessels on the water. In addition, Star Bulk has twenty-two vessels currently under construction with expected deliveries in 2015 and 2016.
09:14 EDTDRYSDryShips to write-off $16.5M in overdue receivables
DryShips announced the agreement with one of its charterers to write-off about $16.5M in overdue receivables related to charter hire payments due on 11 vessels on time charter. As part of the transaction, the charterer has agreed to forgo the exercise of certain "in-the-money" purchase options related to 7 vessels on time charter and provide new charters for 11 vessels at $12,500/day gross with 50-50 profit sharing starting as of June 1 and for an average period of about 4.5 years.

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