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News Breaks | | | | March 6, 2013 | | 10:17 EDT |  | BBY, STP, FSLR, SPWR, TSL, WLL, SSW, TIBX, CPTS, PBA, MHO, ICE, GGB, DFS | On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Best Buy (BBY) upgraded to Buy from Hold at Jefferies... Gerdau SA (GGB) upgraded to Overweight from Neutral at HSBC... IntercontinentalExchange (ICE) upgraded to Outperform from Market Perform at Keefe Bruyette... M/I Homes (MHO) upgraded to Outperform from Market Perform at JMP Securities... Pembina Pipeline (PBA) upgraded to Outperform from Sector Perform at RBC Capital... Conceptus (CPTS) upgraded to Buy from Neutral at Summer Street... TIBCO (TIBX) upgraded to Buy from Neutral at BofA/Merrill... Seaspan (SSW) upgraded to Neutral from Underperform at BofA/Merrill... Whiting Petroleum (WLL) upgraded to Outperform from Sector Perform at Iberia... Trina Solar (TSL) upgraded to Market Perform from Underperform at Raymond James... SunPower (SPWR) upgraded to Market Perform from Underperform at Raymond James... First Solar (FSLR) upgraded to Market Perform from Underperform at Raymond James... Suntech (STP) upgraded to Market Perform from Underperform at Raymond James... Discover (DFS) upgraded to Outperform from Market Perform at William Blair... Best Buy (BBY) upgraded at Jefferies. | |
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News For BBY;GGB;ICE;MHO;PBA;CPTS;TIBX;SSW;WLL;TSL;SPWR;FSLR;STP;DFS From The Last 14 Days Check below for free stories on BBY;GGB;ICE;MHO;PBA;CPTS;TIBX;SSW;WLL;TSL;SPWR;FSLR;STP;DFS the last two weeks. |
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| May 22, 2013 | | 16:25 EDT |  | TSL, SPWR | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 13:35 EDT |  | SPWR, STP, FSLR, TSL | Cautious solar note, SolarCity lock-up highlighted by CNBC's Greenberg
 Subscribe for More Information | | | 12:20 EDT | | TSL | On The Fly: Midday Wrap
Subscribe for More Information | | | 12:07 EDT |  | FSLR | Stocks with call strike movement; FSLR AMD
Subscribe for More Information | | | 11:56 EDT | | BBY | Options with decreasing implied volatility: WCRX NTI PXP AMRN BBY
| | | 10:01 EDT |  | SPWR, TSL, FSLR, STP | Early talks over China-EU solar panel dispute fail, Xinhua says
First-round talks to ease the current solar panel trade fight between China and the European Union have failed, reported Xinhua, citing Chinese trade body sources. Reference Link | | | 09:09 EDT |  | WLL | House Natural Resources Committee to hold a legislative hearing
Subscribe for More Information | | | 08:21 EDT | | ICE | IntercontinentalExchange Futures Europe reaches daily volume of 9,075 contracts
IntercontinentalExchange announced that ICE Futures Europe reached a daily volume record of 9,075 contracts in ICE Coal options on May 21. The previous volume record was 7,200 contracts on December 4, 2012. Volume for ICE Coal futures and options also reached a combined record of 17,641 contracts on May 21, 2013, compared with the previous combined record of 15,590 on March 28. | | | 08:05 EDT | | TSL | Trina Solar to host business news update conference call
Subscribe for More Information | | | 07:46 EDT |  | BBY | Best Buy results to start improving in 2H13, says RBC Capital
Subscribe for More Information | | | | 07:30 EDT | | FSLR | First Solar seeks partners in India, Economic Times reports
First Solar has described the Indian market as attractive and big for solar power, and says it's looking for partnerships to strengthen its business, reports the Economic Times. Reference Link | | | 06:26 EDT | | FSLR, SPWR, STP, TSL | IHS: Solar industry CapEx down 36% in 2013, Digitimes says
Subscribe for More Information | | | May 21, 2013 | | 12:36 EDT | | BBY | On The Fly: Midday Wrap
Subscribe for More Information | | | 12:32 EDT | | BBY | Options with decreasing implied volatility: PXP ARNA BBY OPK CSC
| | | 11:57 EDT | | FSLR | Stocks with call strike movement; FSLR AMD
Subscribe for More Information | | | 11:34 EDT | | TSL | High option volume stocks: JASO YGE WMB AMTD TSL
Subscribe for More Information | | | 10:29 EDT | | TSL, FSLR | Solar channel checks don't support bullishness of stocks, says Raymond James
Raymond James said feedback from solar channel checks rare is not as enthusiastic as excessive bullishness being exhibited by the stocks. First, the firm said European purchases of Chinese modules have dried up due to industry speculation of an upcoming EU tariff ruling; second, feedback suggests U.S. project developers are capital constrained; and third, there is a lack of industry rationalization. | | | 10:20 EDT |  | BBY | Best Buy down over 3% in volatile trading, levels to watch
Subscribe for More Information | | | 10:02 EDT | | FSLR | First Solar May weekly volatility elevated at 92 on sharp rally
Subscribe for More Information | | | 10:00 EDT | | ICE | On The Fly: Analyst Upgrade Summary
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