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Stock Market & Financial Investment News

News Breaks
March 31, 2014
10:02 EDTEXH, MCC, CLI, CLR, RNR, MNKD, CEO, PRAN, PGTI, MX, BBRYOn 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.
News For BBRY;CEO;CLI;MX;MNKD;MCC;PGTI;RNR;EXH;PRAN;CLR From The Last 14 Days
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May 21, 2015
16:36 EDTBBRYBlackBerry to buy for cancellation up to 12M common shares
BlackBerry announced that its Board of Directors has authorized a share repurchase program to purchase for cancellation up to 12M BlackBerry common shares, or approximately 2.6% of the outstanding public float. BlackBerry can purchase the common shares over the Nasdaq Stock Market or, subject to regulatory approval, on the Toronto Stock Exchange or other markets. In the past 12 months, BlackBerry has not repurchased any of its outstanding securities. At its annual meeting of shareholders on June 23, BlackBerry will present for approval a new employee share purchase plan and a proposed increase in the number of shares available under BlackBerry's equity incentive plan. If these proposals are approved by shareholders at the meeting, BlackBerry will file a notice of intention to commence a normal course issuer bid with the TSX. The share repurchase program would remain in place for up to 12 months from acceptance of the notice of intention by the TSX, or such earlier time as the purchases are completed or the program is terminated by BlackBerry. If the proposals are not approved by shareholders, BlackBerry does not expect that it will proceed with the share repurchase program. "The purpose of this repurchase program will be to offset dilution that may result from our proposed employee share purchase plan and from proposed amendments to our equity incentive plan," said BlackBerry Executive Chairman and CEO, John Chen. "We intend to take advantage of our strong cash position to purchase our shares when the market price does not reflect what we view to be the underlying value and future prospects of our business, without adversely affecting our strategic initiatives," added Mr. Chen. The price that BlackBerry will pay for any shares under the share repurchase program will be the prevailing market price at the time of purchase. The share repurchase program will be effected in accordance with Rule 10b-18 under the U.S. Securities Exchange Act of 1934 and the TSX's normal course issuer bid rules, which contain restrictions on the number of shares that may be purchased on a single day, subject to certain exceptions for block purchases, based on the average daily trading volumes of BlackBerry's shares on the applicable exchange. In addition, BlackBerry may enter into forward purchase or swap contracts in connection with common shares which may be settled by physical settlement, cash settlement or a combination thereof. The forward price will be based on market price, dividend yield and market interest rates.
May 20, 2015
16:20 EDTRNRRenaissanceRe increases share repurchase authorization to $500M
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May 19, 2015
16:01 EDTMNKDOptions Update; May 19, 2015
iPath S&P 500 VIX Short-Term Futures down 27c to 19.17. Option volume leaders: AAPL BAC WMT MSFT FB TWTR MNKD NFLX T PBR
09:50 EDTCEOCNOOC announces resignation of Chairman Wang Yilin
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08:37 EDTBBRYBlackBerry software showing encouraging signs, says RBC Capital
RBC Capital says it's seeing encouraging signs regarding the sales of BlackBerry's software to regulated sectors, including government ,financials, and healthcare. The firm says that the company's mobile device management system, BES 12, is adding customers, while its resellers are getting more comfortable selling its software and sales of its technology solutions products are beating its guidance. RBC slashed its hardware sales estimates for the company and expects its Q1 revenue to come in well below expectations as a result, but adds that software has become the company's focus. It keeps an $11 price target and Sector Perform rating on the shares.
06:29 EDTBBRYBlackBerry CEO says smartphone business will be profitable again, BI reports
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May 18, 2015
10:01 EDTCLROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: A10 Networks (ATEN) upgraded to Overweight from Sector Weight at Pacific Crest... Cal-Maine Foods (CALM) upgraded to Overweight from Equal Weight at Stephens... ChemoCentryx (CCXI) upgraded to Overweight from Neutral at JPMorgan... Cheniere Energy Partners LP (CQP) upgraded to Buy from Neutral at Goldman... Chicago Bridge & Iron (CBI) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Goldman... Ctrip.com (CTRP) upgraded to Overweight from Neutral at JPMorgan... Emerge Energy (EMES) upgraded to Buy from Neutral at Goldman... FEMSA (FMX) upgraded to Overweight from Equal Weight at Morgan Stanley... GoPro (GPRO) upgraded to Perform from Underperform at Oppenheimer... Holly Energy (HEP) upgraded to Buy from Neutral at Goldman... JP Energy (JPEP) upgraded on better visibility on volumes at RBC Capital... Laredo Petroleum (LPI) upgraded to Neutral from Sell at Goldman... Malvern Bancorp (MLVF) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Goldman... Norsk Hydro (NHYDY) upgraded to Overweight from Neutral at JPMorgan... Owens-Illinois (OI) upgraded to Neutral from Underperform at BofA/Merrill... Penn National (PENN) upgraded to Buy from Neutral at Goldman... Roche (RHHBY) upgraded to Buy from Neutral at UBS... Schnitzer Steel (SCHN) upgraded on stabilizing headwinds at KeyBanc... Seventy Seven Energy (SSE) upgraded to Buy from Hold at Jefferies... Toll Brothers (TOL) upgraded to Neutral from Underperform at Sterne Agee CRT... United Therapeutics (UTHR) upgraded to Buy from Neutral at BTIG... Volvo (VOLVY) upgraded to Neutral from Underweight at JPMorgan... Zayo Group (ZAYO) upgraded to Buy from Neutral at Goldman.
07:10 EDTRNRUBS to hold a field trip
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06:29 EDTCLRContinental Resources upgraded to Buy from Neutral at Goldman
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05:50 EDTMNKD, BBRYStocks with implied volatility movement; BBRY MNKD
Stocks with implied volatility movement; BlackBerry (BBRY) 55, MannKind (MNKD) 75 according to iVolatility.
May 15, 2015
15:26 EDTBBRYBlackBerry calls active amid rumor of Microsoft investigation of potential bid
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15:00 EDTBBRYBlackBerry rises amid rumor of Microsoft investigation of potential bid
Shares of BlackBerry (BBRY) are higher in afternoon trading after Ben Harrington's Betaville blog said Microsoft (MSFT) is said to have requested Deutsche Bank (DB) and Goldman Sachs (GS) examine whether the company should acquire the mobile device maker. His source said Microsoft has not yet approached Blackberry and is still in the "very early stages" of looking into making a potential deal, Harrington added. BlackBerry is up 1.7% to $10.50 following the blog post. Reference Link
14:54 EDTBBRYMicrosoft said to examine potential for BlackBerry bid, Betaville says
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12:38 EDTCLRContinental Resources upgraded to Buy from Neutral at Ladenburg
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12:36 EDTCLRContinental Resources upgraded to Buy from Neutral at Ladenburg
10:34 EDTBBRYOptions with increasing implied volatility
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08:23 EDTMNKDJefferies sees 'good interest' in MannKind's Afrezza
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07:09 EDTCLRHayman Capital gives quarterly update on stakes
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May 14, 2015
07:58 EDTCLRShale producers prepared to ramp production back up, WSJ says
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May 13, 2015
13:15 EDTBBRYInquirer discusses recent Apple for BlackBerry takeover rumors
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