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March 31, 2014
10:02 EDTCLR, RNR, MNKD, CEO, PRAN, PGTI, MX, BBRY, EXH, MCC, CLIOn The Fly: Analyst Downgrade Summary
BlackBerry (BBRY) downgraded to Underperform from Neutral at Credit Suisse... CNOOC (CEO) downgraded to Neutral from Buy at UBS... Mack-Cali Realty (CLI) downgraded to Underweight from Equalweight at Barclays... MagnaChip (MX) downgraded to Sell from Neutral at UBS... MannKind (MNKD) downgraded to Underweight from Neutral at Piper Jaffray... Medley Capital (MCC) downgraded to Market Perform from Outperform at Wells Fargo... PGT, Inc. (PGTI) downgraded to Hold from Buy at Deutsche Bank... RenaissanceRe (RNR) downgraded to Underperform from Neutral at BofA/Merrill... Exterran (EXH) downgraded to Sector Perform from Outperform at Howard Weil... Gulf Island downgraded to Sector Perform from Outperform at Howard Weil... Prana (PRAN) downgraded to Neutral from Buy at H.C. Wainwright... Continental Resources (CLR) downgraded to Accumulate from Buy at KLR Group.
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November 13, 2014
15:23 EDTBBRYBlackBerry CEO says may do acquisitions and more partnerships
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15:19 EDTBBRYBlackBerry CEO says company is now financially stable, cash position strong
15:17 EDTBBRYBlackBerry CEO says has complimentary strengths with Samsung
BlackBerry CEO speaking on CNBC.
13:28 EDTBBRYBlackBerry hits 52-week high after unveiling partnerships
Shares of BlackBerry (BBRY) hit a new 52-week high after the company announced three new partnership deals. The company is slated to hold its analyst day today, starting at 3:30 PM ET. WHAT'S NEW: BlackBerry announced that it would partner with Samsung to provide a security solution for the South Korean company's mobile devices that utilize Google's (GOOG) Android operating system. Under the deal, BlackBerry’s BES12, an Enterprise Mobility Management system, or EMM that was launched today, will be integrated with some of Samgung's Galaxy smartphones and tablets. BES 12 "securely manages devices from all of the major enterprise mobile platforms" and "will help organizations securely connect employees with each other and with the corporate information and machines” they need, BlackBerry stated. Also today, Blackberry announced that it would connect its EMM solutions to Salesforce's (CRM) top customer relationship management platform. "This agreement will allow Salesforce and BlackBerry joint customers to run their businesses from their phone while complying with specific industry regulations," said Vivek Kundra, a Salesforce Executive Vice President in a statement. "BlackBerry has an excellent reputation in security and networks, and when matched with the Salesforce Customer Success Platform, public sector organizations can use their mobile devices to connect with customers in a whole new way," added Kundra. Finally, BlackBerry announced that Brightstar would distribute BES 12. BlackBerry described Brightstar as "the world's largest wireless distribution company and leader in services for the wireless industry." WHAT'S NOTABLE: BES12 is expected to compete with Apple (AAPL) in the enterprise space. Apple earlier this year announced that it was partnering with IBM (IBM) in an effort to sell more products to corporate customers. PRICE ACTION: In mid-afternoon trading, BlackBerry jumped 6% to $11.95. Earlier today the shares set a new 52-week high of $12.05.
12:29 EDTBBRYCitron Research says confident in $15 target for BlackBerry
Citron Research stated on Twitter: "All systems a go for Mr. Chen. New deal with Samsung makes Citron feel confident about our near term $15 target [on BlackBerry.] New 52 week high" Reference Link
12:04 EDTBBRYBlackBerry announces strategic partnership with Samsung
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12:03 EDTBBRYBlackBerry announces agreement with
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12:01 EDTBBRYBlackBerry announces partnership with Brightstar
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11:00 EDTBBRYStocks with call strike movement; ARCP BBRY
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07:38 EDTCLRBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
November 12, 2014
18:29 EDTMXOn The Fly: After Hours Movers
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17:20 EDTMXMagnaChip announces completion of audit committee investigation
MagnaChip announced the completion of an independent internal review into the company's accounting practices and procedures that was conducted by the Audit Committee of the company's board. Legal counsel engaged by the Audit Committee to conduct the Investigation, with the assistance of outside forensic accountants, has recently reported to the Audit Committee and the board that the Investigation, which began in January, has been completed. In addition to the investigation, management has also concurrently undertaken a comprehensive review of the company's accounting practices during the restatement periods in connection with the preparation of restated financial statements, including a company-wide review of its revenue recognition practices and policies, and to date has identified certain additional errors and adjustments that it expects to correct as part of the restatement. When completed, the restatement will correct the accounting errors that were identified during the Investigation and review process. Due to the ongoing nature of the company's internal review and restatement process, the company cannot at this time provide an estimate of the individual or net effect of these errors and adjustments for any given period, but currently expects that the impact of some of the adjustments on certain periods in the restatement periods will be material. The company filed to delay its 10-Q. Shares are down nearly 2% after-hours to $11.25 following the announcement.
12:00 EDTBBRYBlackBerry to host investor day
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07:17 EDTCLRContinental Resources orders construction of oil transportation system
Continental Resources has executed an agreement to be the customer of a crude oil gathering and transportation system in the fairway of the SCOOP play in central Oklahoma to be built by Velocity Midstream Partners subsidiary Velocity Central Oklahoma Pipeline. Continental is the dominant leaseholder in the SCOOP with approximately 471K net acres.
05:50 EDTMNKDStocks with implied volatility movement; MNKD XLF
Stocks with implied volatility movement; MannKind (MNKD) 65, Financial Select Sector (XLF) 15 according to iVolatility.
November 11, 2014
16:01 EDTMNKDOptions Update; November 11, 2014
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06:17 EDTCLRContinental Resources CEO will pay nearly $1B in divorce, FT reports
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November 10, 2014
10:47 EDTCLRContinental Resources price target lowered to $85 from $100 at Barrington
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08:26 EDTBBRYBlackBerry CEO meets with Lenovo, seeks partnerships in China, Bloomberg reports
BlackBerry (BBRY) CEO John Chen acknowledged meeting with the heads of Xiaomi and Lenovo (LNVGY) and said his company's strengths in security, encryption and privacy may present opportunities for agreements on technology licensing, distribution or manufacturing in China, reported Bloomberg, citing an interview with Chen at the Asia-Pacific Economic Cooperation CEO Summit. Reference Link
November 9, 2014
17:49 EDTBBRYBlackBerry plans few devices as it focuses on profitability, Reuters says
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