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March 27, 2014
10:00 EDTFVE, C, CECE, BBRYOn The Fly: Analyst Downgrade Summary
BlackBerry (BBRY) downgraded to Sell from Hold at Societe Generale... CECO Environmental (CECE) downgraded to Market Perform at FBR Capital... Citigroup (C) downgraded to Market Perform from Outperform at Bernstein... Five Star (FVE) downgraded to Market Perform from Outperform at JMP Securities.
News For BBRY;CECE;C;FVE From The Last 14 Days
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October 13, 2015
06:40 EDTCCiti reduces block trading amid market volatility, Reuters says
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06:34 EDTCCiti appoints first global head of international personal bank, Bloomberg says
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October 12, 2015
14:03 EDTCThree groups make offers for $20B of Northern Rock loans, Reuters reports
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08:54 EDTCBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
Head of U.S. Credit Research Bland, along with High Yield Trading Analyst Wolfson and High Yield Capital Marketts Analyst Jaeger provide a preview of the U.S. Credit Research 4Q15 Outlook on an Analyst/Industry conference call to be held on October 14 at 2 pm.
06:48 EDTBBRYBlackBerry CEO intends to sell 5M smartphones a year, Verge reports
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October 9, 2015
17:16 EDTCMonsanto announces new $3B accelerated share repurchase plan
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October 8, 2015
10:53 EDTBBRYRBC Capital to hold a tour
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October 7, 2015
11:33 EDTBBRYGoPro drops to 52-week low after Morgan Stanley slashes price target
GoPro (GPRO) shares, which are down over 50% year-to-date, fell to a new 52-week low in morning trading after an analyst from Morgan Stanley lowered the action camera maker's price target as a result of disappointing sales of its Session device. WHAT'S NEW: Morgan Stanley analyst James Faucette maintained an Equal Weight rating on GoPro's shares but slashed his price target on the stock to $35 from $62, saying that "disappointing" HERO4 Session sales indicate future disappointments, absent marked improvements in usability. Faucette said that recent checks were "decidedly more negative" since customers prefer the HERO4 Silver's screen and video quality over the Session's smaller form factor. Disappointing demand for the Session resulted in the company deciding to reduce the price to $299 a week ago, down $100 lower than the $399 price tag in July, the analyst noted. Faucette added that mobile software improvements and editing are still lagging behind apps available on Google's (GOOG) Android and Apple's (AAPL) iOS systems. WHAT'S NOTABLE: On September 23, Cowen also lowered its price target on GoPro shares to $60 from $76, saying that the slower than expected sales for the HERO4 Session now seem well discounted. Separately, on September 19, Alexander Eule argued in a Barron's article that GoPro's share price may drop to as low as $25, calling the company's cameras a "one-product wonder" akin to BlackBerry (BBRY) smartphones and Palm digital organizers. Three days later, GoPro chief executive officer Nick Woodman said in an interview with CNBC that it was "short-sighted" to refer to his company as a "one trick pony." Woodman added that the Session was selling against incumbents and that it was unreasonable to believe it would immediately become a top seller. RISING COMPETITION: In the same CNBC interview, GoPro's head said that companies such as Sony (SNE), which is viewed as a major competitor in the market for cameras, have actually helped GoPro expand total reach and that its market share has grown since Sony entered the market. In addition, on September 22, Woodman said that he does not believe Apple (AAPL), which was granted patents for action cameras in January, is "investing and exploring GoPro-like devices," Fortune reported. PRICE ACTION: In morning trading, GoPro shares dropped 9.7% to $27.69. Earlier in the session, the stock hit a new 52-week low of $27.52. ANOTHER TO WATCH: Ambarella (AMBA), which supplies chips to GoPro, fell 2.5% to $60.15.
09:13 EDTCThe Hamilton Project to hold a discussion
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08:02 EDTCCiti, NBC's TODAY announce multi-year sponsorship
Citi (C) and NBC's (CMCSA) TODAY announced the Citi Concert Series on TODAY, to provide year-round opportunities for millions of Citi customers, TODAY viewers and fans to enjoy live performances by their favorite artists. This new multi-year sponsorship brings together Citi's and TODAY's decades of experience in live entertainment working with thousands of chart-topping artists.
October 5, 2015
07:19 EDTCOpen Mobile Media to hold a summit
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06:53 EDTCAverage ATM fees reach $4.52, WSJ says
The average ATM fee rose to $4.52 this year as regulators have pressured banks to reduce other fees and consumers aren't using ATMs as frequently as in the past, reports the Wall Street Journal, citing a Bankrate Inc. survey. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB), Wells Fargo (WFC), and Cardtronics (CATM). Reference Link
October 2, 2015
16:03 EDTCOptions Update; October 2, 2015
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13:26 EDTCBanks, brokers slide as weak jobs report pushes out rate hike
Shares of banks and brokers are sliding after a weak jobs report pushed out the probability of near-term rate hike. WHAT'S NEW: Friday morning, the Labor Department reported that the U.S. economy added only 142,000 jobs in September compared to economists expectations of 203,000. The Labor Department's September jobs report strengthened the argument that the Fed will not raise rates in October, and even lessened the probability of a December rate hike. An increase in interest rates would let banks and brokers benefit from higher spreads on deposits. PRICE ACTION: Shares of Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB), and Wells Fargo (WFC) are all declining despite a rebound in the broad market. OTHERS TO WATCH: Shares of online brokers, including TD Ameritrade (AMTD), Charles Schwab (SCHW), E*TRADE (ETFC), and Interactive Brokers (IBKR) are also lower in afternoon trading.
October 1, 2015
08:00 EDTCSecurity Traders Association to hold a conference
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September 30, 2015
09:35 EDTCActive equity options trading on open
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07:46 EDTCFed liftoff may be more turbulent for banks than expected, WSJ says
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September 29, 2015
16:00 EDTCOptions Update; September 29, 2015
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10:00 EDTBBRYOn The Fly: Analyst Initiation Summary
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