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Stock Market & Financial Investment News

News Breaks
January 2, 2013
10:02 EDTX, POM, MAR, OSK, ADM, WAG, SFD, PRXL, BCR, ITW, HAIN, URBN, QDEL, ZEUS, BC, TTM, CAT, VALOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Brunswick (BC) upgraded to Outperform from Market Perform at BMO Capital... C.R. Bard (BCR) upgraded to Overweight from Neutral at JPMorgan... Marriott (MAR) upgraded to Buy from Neutral at SunTrust... Olympic Steel (ZEUS) upgraded to Neutral from Underperform at Credit Suisse... PAREXEL (PRXL) upgraded to Buy from Neutral at Citigroup... Pepco Holdings (POM) upgraded to Outperform from Market Perform at Wells Fargo... Quidel (QDEL) upgraded to Outperform from Market Perform at Raymond James... Smithfield Foods (SFD) upgraded to Outperform from Market Perform at BMO Capital... U.S. Steel (X) upgraded to Outperform from Neutral at Credit Suisse... Urban Outfitters (URBN) upgraded to Hold from Underperform at Jefferies... Valspar (VAL) upgraded to Buy from Hold at KeyBanc... Walgreen (WAG) upgraded to Outperform from Market Perform at Raymond James... Hain Celestial (HAIN) upgraded to Outperform from Market Perform at BMO Capital... Archer Daniels (ADM) upgraded to Buy from Hold at Miller Tabak... Caterpillar (CAT) upgraded to Buy from Neutral at ISI Group... Illinois Tool Works (ITW) upgraded to Buy from Neutral at ISI Group... Oshkosh (OSK) upgraded to Buy from Neutral at ISI Group... Tata Motors (TTM) upgraded to Buy from Neutral at BofA/Merrill.
News For BC;BCR;MAR;ZEUS;PRXL;POM;QDEL;SFD;X;URBN;WAG;VAL;HAIN;ADM;CAT;ITW;OSK;TTM From The Last 14 Days
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August 25, 2015
12:00 EDTPOMPublic Service Commission of D.C. denies Pepco/Exelon merger application
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11:34 EDTPOMPepco plunges after D.C. commission rejects Exelon merger
The Public Service Commission of the District of Columbia voted 2 to 1 that the merger of Pepco Holdings (POM) and Exelon (EXC) is not in the public interest and that Exelon failed to prove the benefit to customer. Following the news, Pepco shares have dropped 15% to $22.96, while Exelon shares are down nearly 3% to $31.70.
11:31 EDTPOMD.C. PSC rejects Exelon, Pepco Holdings merger
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11:28 EDTPOMPepco Holdings, Exelon drop sharply
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07:33 EDTVALValspar narrows FY15 adjusted EPS view to $4.55-$4.65 from $4.45-$4.65
Consensus is $4.58. The company expects total fiscal 2015 annual sales to decline in the "mid single-digits" from fiscal 2014, compared to the previous expectation of a "low single-digits" sales decline. Excluding the negative impact of currency translation, fiscal 2015 annual sales are expected to be approximately "flat" compared to fiscal 2014. Revenue consensus is $4.49B.
07:32 EDTVALValspar reports Q3 EPS $1.33, consensus $1.26
Reports Q3 revenue $1.15B, consensus $1.17B.
August 24, 2015
15:09 EDTVALNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Best Buy (BBY), consensus 34c... Toll Brothers (TOL), consensus 49c... Valspar (VAL), consensus $1.26... DSW (DSW), consensus 42c... Children's Place (PLCE), consensus (33c).
10:32 EDTXU.S. Steel says acted to effectuate hard freeze of some benefits
In a regulatory filing from Friday evening, U.S. Steel disclosed that on August 17, United States Steel Corporation, acted to effectuate a hard freeze of benefits accrued under each of the following plans effective as of December 31, 2015: (i) the United States Steel Corporation Plan for Employee Pension Benefits and each provision, rule part, plan or program thereunder as applicable to non-union employees; (ii) the United States Steel Corporation Non Tax-Qualified Pension Plan; and (iii) the United States Steel Corporation Executive Management Supplemental Pension Program. As a result, from and after December 31 all benefit accruals under each Plan shall cease and no participant in any Plan will receive credit under the Plan for further service to the Corporation or its subsidiaries and the compensation levels resulting from any such further service will not be relevant to the determination of benefits payable under the Plans. The Non Tax-Qualified Plan and the Supplemental Plan provide benefits to Mr. Douglas Matthews, one of our Named Executive Officers. As described above, on August 1 , the Corporation enacted a hard freeze of benefits accrued under its DB Plan effective December 31. Participants of the DB Plan will be transitioned to a defined contribution retirement plan at that time. The Corporation will perform a remeasurement of the DB Plan, and will report these results in its quarterly report on Form 10-Q for the quarter ended September 30.
09:26 EDTCATCaterpillar set to open near 4-year lows
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09:18 EDTXOn The Fly: Pre-market Movers
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08:29 EDTQDELWilliam Blair to hold a field trip
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06:50 EDTZEUSOlympic Steel upgraded to Buy, Ryerson cut to Hold at Jefferies
Jefferies upgraded Olympic Steel (ZEUS) to Buy from Hold and downgraded Ryerson (RYI) to Hold from Buy. The firm believes Olympic Steel is more attractive versus Ryerson given relative valuation, better free cash flow that offers downside support and de-leveraging opportunity, greater potential margin expansion and upside optionality from flat rolled trade cases. Jefferies raised Olympic's price target to $16 from $14.50.
August 23, 2015
13:07 EDTXU.S. Steel shares could rally 60% to $28 by late 2016, Barron's says
Shares of U.S. Steel could rise more than 60% to $28 by the end of 2016 as steel prices increase, cost cutting measures take effect, and Chinese imports decline given an import tariff scheduled for November, Barron's contends in a feature article. Reference Link
August 21, 2015
13:02 EDTCATChanos says heavy equipment companies 'have the wind in their face'
Jim Chanos of Kynikos Associates said on CNBC that the companies selling heavy equipment will "have the wind in their face" for years as inventory is worked though. Chanos added that he remains short shares of Caterpillar (CAT), pointing out the company acquired Bucyrus at the top of the market. Peers of Caterpillar include Deere (DE) and AGCO (AGCO).
12:56 EDTCATChanos says still short shares of Caterpillar
Jim Chanos of Kynikos Associates said on CNBC .
10:32 EDTURBNOptions with decreasing implied volatility
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08:26 EDTXU.S. Steel initiated with a Sell at Axiom
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07:39 EDTBCBrunswick management to meet with Jefferies
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August 20, 2015
10:28 EDTURBNOptions with decreasing implied volatility
Options with decreasing implied volatility: KING JCP URBN DKS JWN HIG ADI DAR LOW TJX
10:07 EDTOSKHigh option volume stocks
High option volume stocks: HCBK BCOV MSG EMB MTH ACE PLKI OSK ACWI SOXX
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