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Stock Market & Financial Investment News

News Breaks
January 17, 2014
10:04 EDTPBCT, BJRI, STRA, SINA, SSNI, STM, FUEL, RMD, QRE, NUS, NMM, MAIN, CLC, COLM, BBYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Best Buy (BBY) downgraded to Neutral from Buy at UBS... Clarcor (CLC) downgraded to Neutral from Outperform at RW Baird... Columbia Sportswear (COLM) downgraded to Neutral from Neutral at Macquarie... Main Street (MAIN) downgraded to Market Perform from Outperform at Raymond James... Navios Maritime Partners (NMM) downgraded to Hold from Buy at Stifel... Nu Skin (NUS) downgraded to Neutral from Buy at BofA/Merrill... QR Energy (QRE) downgraded to Hold from Buy at MLV & Co.... ResMed (RMD) downgraded to Neutral from Outperform at Macquarie... Rocket Fuel (FUEL) downgraded to Market Perform from Outperform at BMO Capital... STMicroelectronics (STM) downgraded to Neutral from Outperform at Exane BNP Paribas... Silver Spring Network (SSNI) downgraded to Neutral from Outperform at RW Baird... Strayer (STRA) downgraded to Underperform from Neutral at BofA/Merrill... SINA (SINA) downgraded to Hold from Buy at Jefferies... BJ's Restaurants (BJRI) downgraded to Neutral from Buy at Sterne Agee... People's United (PBCT) downgraded to Neutral from Overweight at JPMorgan.
News For BBY;COLM;CLC;MAIN;NMM;NUS;QRE;RMD;FUEL;STM;SSNI;SINA;STRA;BJRI;PBCT From The Last 14 Days
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October 24, 2014
08:24 EDTBBYBofA/Merrill turning more positive on Best Buy
BofA/Merrill said it is turning more positive on Best Buy and raised estimates and its price target to $40 from $36 ahead of the Q3 report in November. The firm cites strong iPhone 6 sales and other new products for driving an increase in its Q3 comp forecast and expects the company to achieve its $1B cost savings target. BofA/Merrill expects steady margin expansion and shares repurchases to resume in 2015, which will add to earnings growth. Shares are Buy rated.
05:42 EDTRMDResMed upgraded to Outperform from Market Perform at William Blair
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October 23, 2014
16:35 EDTRMDResMed reports Q1 EPS 58c, consensus 58c
Reports Q1 revenue $380.4M, consensus $374.79M.
16:19 EDTBJRIBJ's Restaurants reports Q3 EPS 23c, consensus 13c
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15:30 EDTRMDNotable companies reporting after market close
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07:11 EDTMAINMain Street sees Q3 EPS 57c-58c, consensus 55c
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October 22, 2014
10:12 EDTBBYBest Buy calls active, reiterated as a top pick ahead of holiday’s at Barclays
Best Buy October weekly 32, November 34 calls are active on total call volume of 3K calls (1K puts). October weekly call option implied volatility is at 49, November is at 44, December is at 42; compared to its 26-week average of 35 according to Track Data. Active call volume suggests traders taking positions for large near term upside price movement after reiterated as a top pick ahead of holiday season at Barclays.
09:58 EDTSINASINA discloses resignation of EVP Chen
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08:36 EDTBBYBest Buy reiterated as a top pick ahead of holiday season at Barclays
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October 21, 2014
07:08 EDTMAINMain Street announces $12M investment in East West Copolymer & Rubber
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October 20, 2014
11:13 EDTNUSNu Skin volatility elevated
Nu Skin October weekly call option implied volatility is at 95, November is at 73, December is at 72; compared to its 26-week average of 48 according to Track Data, suggesting decreasing price movement.
08:33 EDTQREBreitBurn Energy provides update on QR Energy acquisition
Breitburn Energy Partners LP (BBEP) announced that the Registration Statement on Form S-4 concerning Breitburn’s acquisition of QR Energy, LP (QRE) was declared effective by the SEC on October 17, 2014. QR Energy will hold a special meeting of its unitholders on November 18, 2014, at 2:00 p.m., Central Time, at the Four Seasons Hotel, 1300 Lamar Street, Houston, Texas. QR Energy unitholders of record at the close of business on October 13, 2014, will be entitled to receive notice of the special meeting and to vote at the special meeting. The transaction, which was announced on July 24, 2014, was unanimously approved by the boards of directors of Breitburn and QR Energy. In addition, certain QR Energy unitholders owning approximately 37% of the votes of the outstanding QR Energy units have agreed to vote in favor of the transaction. Completion of the transaction is subject to the approval of QR Energy unitholders and customary closing conditions. The transaction is expected to close in late November.
08:30 EDTNUSNu Skin initiated with a Buy at Pivotal Research
Target $75.
08:10 EDTPBCTPeople's United downgraded at Raymond James
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07:02 EDTPBCTPeople's United downgraded at Raymond James
As previously reported, Raymond James downgraded People's United to Market Perform from Outperform. The firm downgraded shares based on uncertainty regarding Fed tightening and recent declines in interest rates.
06:42 EDTPBCTPeople's United downgraded to Market Perform from Outperform at Raymond James
October 16, 2014
16:13 EDTPBCTPeople's United reports Q3 EPS 21c, consensus 21c
Provision for loan losses totaled $12.4M. Net loan charge-offs totaled $8.1M. The company reported book value per share of $15.52, and tangible book value per share of $8.49.
15:26 EDTPBCTNotable companies reporting after market close
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11:15 EDTNMMHigh option volume stocks
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07:09 EDTMAINMain Street exits Spectrio investment with 16.3% internal rate of return
Main Street recently fully exited its investment in Spectrio LLC, a national provider of on-hold messaging and digital signage managed services. Main Street's initial investment in May 2009 consisted of a $5.7M senior secured, first lien debt investment with an equity warrant participation for 8.4% of the fully-diluted equity interests in Spectrio. Main Street realized a gain of approximately $3.9M on the redemption of its warrant by Spectrio. On a cumulative basis, Main Street realized an internal rate of return of 16.3% and a 1.7 times money invested return in aggregate on its debt and equity investment in Spectrio.
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