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Stock Market & Financial Investment News

News Breaks
March 24, 2014
10:44 EDTDATA, MILL, STSI, CBST, BCEIHigh option volume stocks: BCEI STSI DATA CBST MILL
News For BCEI;STSI;DATA;CBST;MILL From The Last 14 Days
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January 23, 2015
10:02 EDTDATAOn the Fly: Analyst Initiation Summary
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January 22, 2015
16:27 EDTDATATableau initiated with a Market Perform at Cowen
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09:11 EDTBCEIBonanza Creek recent weakness unjustified, says KeyBanc
After meeting with Bonanza Creek's management, KeyBanc notes that the company is significantly reducing its well costs, and discussed dropping to 25 frac stages this year from 28. The firm thinks the company's mentality is prudent, while its strategic positioning is sound. It keeps a Buy rating on the shares.
07:38 EDTCBSTARIAD appoints DesRosier as Chief Legal and Administrative Officer
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January 21, 2015
09:03 EDTBCEIBonanza Creek price target lowered to $25 from $32 at SunTrust
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08:02 EDTCBSTMerck completes tender offer to acquire Cubist
Merck (MRK) announced the successful completion of the tender offer for all of the outstanding shares of common stock of Cubist Pharmaceuticals (CBST) at a purchase price of $102.00 per share. As of the tender offer expiration yesterday, 58,039,667 shares of common stock of Cubist were validly tendered and not properly withdrawn from the tender offer, representing approximately 75.7% of the outstanding common stock of Cubist on a fully diluted basis. All of such shares have been accepted for payment in accordance with the terms of the tender offer, and Merck expects to promptly pay for all such shares. Following consummation of the tender offer, Merck expects to complete the acquisition of Cubist later today through a merger of Merckís wholly owned subsidiary with and into Cubist without stockholder approval. Upon completion of the merger, all outstanding shares of common stock of Cubist, other than shares held by Cubist in treasury or shares held by Cubistís stockholders who are entitled to and properly exercise appraisal rights under Delaware law, will be canceled and converted into the right to receive cash equal to the $102.00 offer price per share without interest, less any applicable withholding taxes. In addition, upon completion of the merger, Cubist will become a wholly owned subsidiary of Merck and the common stock of Cubist will cease to be traded on the NASDAQ Stock Market.
January 20, 2015
17:18 EDTCBSTDana Holding to replace Cubist in S&P 400 as of 1/22 close
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10:20 EDTCBSTOptions with decreasing implied volatility
Options with decreasing implied volatility: RPRX TLM BBY GME CBST NPSP
January 19, 2015
19:56 EDTBCEIBonanza Creek says 30-day average production for pad 451 Boe/d
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19:54 EDTBCEIBonanza Creek sees Q4 sales volumes 25.9 MBoe/d
Bonanza Creek said Q4 sales volumes are expected to be approximately 25.9 MBoe/d. The quarter's performance was negatively impacted by approximately 2,000 Boe/d, with 750 Boe/d attributable to midstream downtime in October and November, 600 Boe/d attributable to timing delays for a five well pad and 650 Boe/d attributable to extreme cold temperature events in November and December, it added Expected 2014 sales volumes of approximately 23.5 MBoe/d reflects approximately 45% growth over the prior year.
19:53 EDTBCEIBonanza Creek cuts 2015 capital spending 36%-38% over crude price
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January 16, 2015
10:15 EDTCBSTOptions with decreasing implied volatility: BBY ETE CBST
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January 13, 2015
11:57 EDTDATAHP rises after PC report despite Pacific Crest downgrade
Shares of personal computer maker Hewlett-Packard (HPQ) are rising after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. The advance comes despite research firm Pacific Crest having downgraded HP shares this morning. WHAT'S NEW: Worldwide shipments of PCs increased 1% last quarter, Gartner estimated. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. The estimate suggests that PCs are not fading into oblivion, as some had predicted. Despite this news, research firm Pacific Crest downgraded HP to Sector Perform from Outperform in a note to investors today. HP is facing increased competition, as a number of companies are buying fewer individual servers and IT storage products, Pacific Crest analyst Brent Bracelin stated. Instead, they are buying integrated IT stacks. Ongoing technological trends could make this option more popular going forward, the analyst believes. Additionally, new data storage systems - including next wave systems with software-defined controls, cloud storage systems, and open sources systems - are growing rapidly and could increase the competitive pressure on HP, the analyst stated. Bracelin is less confident that HP's multiple can expand further going forward, he added. WHAT'S NOTABLE: Bracelin also downgraded NetApp (NTAP) to Sector Perform from Outperform for the same reasons that he cut his rating on HP. The analyst identified Tableau (DATA), F5 Networks (FFIV), Qlik Technologies (QLIK), and Nimble Storage (NMBL) as his favorite names in the IT infrastructure sector. F5 should benefit from earnings and multiple expansion as it carries out its security strategy, while Qlik is well-positioned to generate improved growth and margins, the analyst stated. Tableau and Nimble are poised to report better than expected results as their new products ramp up, Bracelin believes. OTHERS TO WATCH: Other companies that benefit from upbeat PC sales include Intel (INTC), Microsoft (MSFT), and hard disk drive makers Seagate (STX) and Western Digital (WDC). PRICE ACTION: In late morning trading, HP shares climbed 1.5% to $40.50.
10:00 EDTBCEIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Midstream Partners (AMID) initiated with a Buy at Wunderlich... Ameriprise (AMP) initiated with a Buy at Deutsche Bank... Applied DNA Sciences (APDN) initiated with a Buy at Maxim... Axalta Coating (AXTA) initiated with an Outperform at RW Baird... Bellicum Pharmaceuticals (BLCM) initiated with a Buy at Citigroup... Bonanza Creek (BCEI) initiated with a Hold at Deutsche Bank... ConocoPhillips (COP) initiated with an Underweight at JPMorgan... Core-Mark (CORE) initiated with a Buy at Jefferies... Dick's Sporting (DKS) initiated with an In-Line at Imperial Capital... Dynegy (DYN) reinstated with an Overweight at Barclays... Gannett (GCI) initiated with an Outperform at Wells Fargo... Gran Tierra (GTE) initiated with an Outperformer at CIBC... HomeAway (AWAY) initiated with an Outperform at RBC Capital... Juno Therapeutics (JUNO) initiated with a Neutral at Goldman... MakeMyTrip (MMYT) initiated with a Buy at BofA/Merrill... PDC Energy (PDCE) initiated with a Hold at Deutsche Bank... PNC Financial (PNC) initiated with a Hold at Evercore ISI... Proofpoint (PFPT) initiated with a Buy at Summit Research... Sensata (ST) initiated with a Buy at Stifel... Southcross Energy Partners (SXE) initiated with a Buy at Wunderlich... Suncor (SU) initiated with an Overweight at JPMorgan... U.S. Bancorp (USB) initiated with a Hold at Evercore ISI... United Financial (UBNK) initiated with a Sector Perform at RBC Capital... Vantiv (VNTV) initiated with an Outperform at Keefe Bruyette... Wells Fargo (WFC) initiated with a Hold at Evercore ISI.
08:04 EDTCBSTCubist announces withdrawal of CVRs from Nasdaq Global Select Market
Cubist Pharmaceuticals announced that it will voluntarily withdraw the contingent value rights, or CVRs, it issued under a Contingent Value Rights Agreement dated October 24, 2013 from listing on the NASDAQ Global Select Market on February 2, 2015, contemporaneously with their redemption. The CVRs are currently listed under the symbol CBSTZ. Cubist is withdrawing the CVRs from listing in connection with the Failure Purchase of all outstanding CVRs on February 2, 2015 in accordance with the terms of the CVR Agreement. On February 2, 2015, all outstanding CVRs will be purchased by Cubist and cancelled. Cubist has not arranged, nor does it intend to arrange, for the listing of the CVRs on another securities exchange or for quotation on any other quotation medium. Cubist currently anticipates that it will file a Form 25 with the U.S. SEC on January 23, 2015 to commence the delisting process. It is expected that the delisting will take effect on February 2, 2015.
07:04 EDTDATATop 2015 IT infrastructure ideas identified at Pacific Crest
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06:44 EDTDATAHP downgraded to Sector Perform from Outperform at Pacific Crest
Pacific Crest downgraded HP (HPQ) to Sector Perform citing valuation and rising competitive risks from hyperconvergence and new datastores. The firm lists Tableau (DATA), F5 Networks (FFIV), lik Technologies (QLIK) and Nimble Storage (NMBL) as its top names to own in the Cloud, Analytics & Data Infrastructure space. Pacific Crest also downgraded also NetApp (NTAP) to Sector Perform citing the same rationale as HP.
06:30 EDTBCEIBonanza Creek initiated with a Hold at Deutsche Bank
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January 12, 2015
09:09 EDTDATATableau announced Kreditech selected company visual analytics services
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07:21 EDTCBSTEBD Group to hold a conference
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