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Stock Market & Financial Investment News

News Breaks
January 8, 2014
10:00 EDTBCR, RDC, TYC, WCC, BP, XOM, SAP, TRGP, PTEN, RAD, PNRA, OII, CMA, CCK, HP, HSY, IART, KRFT, MET, NDAQ, UNPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: C.R. Bard (BCR) upgraded to Overweight from Neutral at Atlantic Equities... Comerica (CMA) upgraded to Perform from Underperform at Oppenheimer... Crown Holdings (CCK) upgraded to Overweight from Neutral at JPMorgan... Helmerich & Payne (HP) upgraded to Outperform from Sector Perform at RBC Capital... Hershey (HSY) upgraded to Buy from Hold at Deutsche Bank... Integra LifeSciences (IART) upgraded to Neutral from Underperform at BofA/Merrill... Kraft Foods (KRFT) upgraded to Buy from Hold at Deutsche Bank... MetLife (MET) upgraded to Buy from Neutral at Citigroup... NASDAQ (NDAQ) upgraded to Buy from Neutral at Citigroup... Oceaneering (OII) upgraded to Outperform from Sector Perform at RBC Capital... Panera Bread (PNRA) upgraded to Outperform from Market Perform at Wells Fargo... Rite Aid (RAD) upgraded to Overweight from Neutral at JPMorgan... Rowan Companies (RDC) upgraded to Outperform from Sector Perform at RBC Capital... Tyco (TYC) upgraded to Buy from Neutral at Citigroup... Valeant (VRX) upgraded to Overweight from Equal Weight at Morgan Stanley... WESCO (WCC) upgraded to Buy from Neutral at Citigroup... BP (BP) upgraded to Outperform from Sector Perform at Howard Weil... Exxon Mobil (XOM) upgraded to Outperform from Sector Perform at Howard Weil... SAP (SAP) upgraded to Buy from Neutral at UBS... Valeant (VRX) upgraded at Morgan Stanley... Targa Resources (TRGP) upgraded to Overweight from Equal Weight at Morgan Stanley... Patterson-UTI Energy (PTEN) upgraded at RBC Capital... Union Pacific (UNP) upgraded to Outperform from Market Perform at Bernstein.
News For BCR;CMA;CCK;HP;HSY;IART;KRFT;MET;NDAQ;OII;PNRA;RAD;RDC;TYC;WCC;BP;XOM;SAP;TRGP;PTEN;UNP From The Last 14 Days
Check below for free stories on BCR;CMA;CCK;HP;HSY;IART;KRFT;MET;NDAQ;OII;PNRA;RAD;RDC;TYC;WCC;BP;XOM;SAP;TRGP;PTEN;UNP the last two weeks.
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July 15, 2014
07:46 EDTBPJacobs receives project services contract from BP
Jacobs (JEC) announced that it was awarded a contract with BP (BP) to provide engineering, design and procurement services for the Coker Heater Replacement Project at its Cherry Point Refinery in Blaine, Washington. Company officials did not disclose the contract value.
06:49 EDTCMAComerica reports Q2 EPS 80c, consensus 76c
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06:41 EDTRDCRowan Companies upgraded to Market Perform from Underperform at BMO Capital
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July 14, 2014
15:24 EDTCMANotable companies reporting before tomorrow's open
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10:00 EDTNDAQOn The Fly: Analyst Upgrade Summary
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09:55 EDTPTENHigh option volume stocks: PTEN MFRM GTIV SHPG IMMR
06:27 EDTHSYLindt & Sprüngli acquires Russell Stover Candies
The Lindt & Sprüngli Group is acquiring the traditional U.S. family business Russell Stover Candies, headquartered in Kansas City, Missouri. Lindt & Sprüngli is financing the acquisition through net cash resources and bank loans and expects the transaction to make a strong positive contribution to the earnings per share from 2015 onwards. It has been agreed not to disclose the purchase price and other contractual details. Other companies that are in the confectionary industry in North America include Hershey (HYS) Rocky Mountain Chocolate (RMCF) and Mondelez (MDLZ). Reference Link
06:13 EDTNDAQNASDAQ upgraded to Overweight from Equal-Weight at Evercore
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July 11, 2014
08:36 EDTNDAQNASDAQ Hearings Panel approves continued listing of Ixia shares
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07:11 EDTPTENPatterson-UTI Energy price target raised to $44 from $39 at RBC Capital
RBC Capital increased its price target on Patterson-UTI Energy as the firm is positive on the outlook for U.S. land drillers and likes the company's frac operating leverage, improving cash margins and valuation. The firm keeps an Outperform rating on the shares.
06:00 EDTRADStocks with implied volatility below IV index mean; RAD BBBY
Stocks with implied volatility below IV index mean; Rite Aid (RAD) 36, Bed Bath & Beyond (BBBY) 18 according to iVolatility.
July 10, 2014
13:46 EDTXOMExxon feels singled-out in regards to fracking, WSJ says
Exxon Mobil is up against a criminal lawsuit over a wastewater spill in Pennsylvania and is saying that the state's attorney general has incorrectly singled it out in an effort to stop fracking, according to The Wall Street Journal, citing comments from Attorney General Kathleen Kane. Lawyers are saying that Exxon unit, XTO Energy, is criminally responsible for a large leak of water that had been used in hydraulic fracturing, or fracking, in north-central Pennsylvania four years ago. Reference Link
11:40 EDTPNRAPotbelly plummets to 52-week low after outlook falls short
Shares of sandwich maker Potbelly (PBPB) are tanking after the company's second quarter and fiscal 2014 outlook fell significantly short of analysts' consensus estimates. WHAT'S NEW: Last night, Potbelly forecast Q2 adjusted earnings per share of approximately 6c and revenue of approximately $83.6M, far short of the consensus estimate of 12c and $86.66M, respectively. The company expects to report a decrease in company-operated comparable store sales of 1.6%, or a decrease of 0.9% when excluding the shift of the Easter holiday from the first fiscal quarter to the second fiscal quarter. WHAT'S NOTABLE: Based on the preliminary results for its second fiscal quarter, management revised its financial outlook for fiscal 2014. FY14 adjusted EPS is now expected to be 18c-21c, far below the consensus of 34c. For the fiscal year, Potbelly sees flat to negative low single-digit comparable store sales, compared to its previous guidance of low single-digit company-operated comparable store sales growth. PRICE ACTION: In late morning trading, Potbelly fell $3.50, or about 24%, to $11.15 on nearly seven times its average daily trading volume. Earlier in the session, the stock hit a new 52-week low of $10.95. Including today's pull back, the stock is down approximately 64% from its first day of public trading. Potbelly opened for trade at $28.66 on October 4 of last year after pricing its initial public offering at $14.00 per share. OTHERS TO WATCH: Other companies in the sandwich space include Panera Bread (PNRA) and Cosi (COSI), both of which are down about 1%.
10:05 EDTCMAOn The Fly: Analyst Upgrade Summary
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08:38 EDTCMAComerica upgraded to Buy from Neutral at Guggenheim
Guggenheim upgraded Comerica to Buy given exposure to Texas and California loan growth and asset-sensitivity. Price target raised to $58 from $54.
July 9, 2014
15:06 EDTSAPGoogle, Canon, SAP among members of new cooperative patent-licensing group
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10:02 EDTBPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Advanced Energy (AEIS) downgraded to Neutral from Buy at Dougherty... Apollo Global (APO) downgraded to Neutral from Buy at Citigroup... Artisan Partners (APAM) downgraded to Neutral from Buy at Citigroup... Autoliv (ALV) downgraded to Hold from Buy at Nordea... BNP Paribas (BNPQY) downgraded to Neutral from Overweight at JPMorgan... BP (BP) downgraded to Hold from Buy at Deutsche Bank... Carlyle Group (CG) downgraded to Neutral from Buy at Citigroup... Coach (COH) downgraded at Buckingham... Cummins (CMI) downgraded to Buy from Conviction Buy at Goldman... Garmin (GRMN) downgraded to Underperform from Sector Perform at Pacific Crest... Gigamon (GIMO) downgraded to Buy from Strong Buy at Needham... International Paper (IP) downgraded at RBC Capital... Louisiana-Pacific (LPX) downgraded at RBC Capital... Marvell (MRVL) downgraded to Underperform from Perform at Oppenheimer... McGraw Hill Financial (MHFI) downgraded to Market Perform at Raymond James... Moody's (MCO) downgraded to Market Perform from Outperform at Raymond James... Plum Creek Timber (PCL) downgraded at RBC Capital... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... RGS Energy (RGSE) downgraded at Cowen... Taminco (TAM) downgraded to Neutral from Buy at Citigroup... Total (TOT) downgraded to Hold from Buy at Societe Generale... Unilever (UN) downgraded to Reduce from Neutral at Nomura... VMware (VMW) downgraded to Market Perform from Outperform at Wells Fargo... Vectren (VVC) downgraded to Hold from Buy at KeyBanc.
09:13 EDTBPOn The Fly: Pre-market Movers
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08:41 EDTPNRACleveland Research recommends avoiding shares of Panera Bread
Cleveland Research continues to see risk to its Panera Bread 2% comp estimate for the year and expects higher food inflation, investments, unclear timing and benefits of Panera 2.0 and limited pricing power to pressure earnings over the next two years. Shares are Neutral rated.
05:27 EDTBPBP downgraded to Hold from Buy at Deutsche Bank
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