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Stock Market & Financial Investment News

News Breaks
June 4, 2014
10:00 EDTBCS, SUSP, SCM, SSL, SBMRY, MRCC, PUBGY, GARS, COH, BRCM, TIBXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Barclays (BCS) downgraded to Neutral from Overweight at HSBC... Broadcom (BRCM) downgraded to Hold from Buy at Standpoint Research... Coach (COH) downgraded to Neutral from Buy at Sterne Agee... Garrison Capital (GARS) downgraded at RW Baird... Monroe Capital (MRCC) downgraded at RW Baird... Publicis (PUBGY) downgraded to Neutral from Buy at Nomura... SABMiller (SBMRY) downgraded to Equal Weight from Overweight at Morgan Stanley... Sasol (SSL) downgraded to Sell from Neutral at Goldman... Stellus Capital (SCM) downgraded at RW Baird... Susser Petroleum Partners (SUSP) downgraded to Hold from Buy at Benchmark Co.... TIBCO (TIBX) downgraded at Stifel.
News For BCS;BRCM;COH;GARS;PUBGY;MRCC;SBMRY;SSL;SCM;SUSP;TIBX From The Last 14 Days
Check below for free stories on BCS;BRCM;COH;GARS;PUBGY;MRCC;SBMRY;SSL;SCM;SUSP;TIBX the last two weeks.
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August 29, 2014
16:21 EDTPUBGYOn The Fly: Closing Wrap
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12:40 EDTPUBGYReports that Publicis in talks to buy Criteo unfounded, Reuters reports
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12:18 EDTPUBGYOn The Fly: Midday Wrap
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10:14 EDTPUBGYCriteo surges after report of advanced takeover talks
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09:22 EDTPUBGYOn The Fly: Pre-market Movers
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08:49 EDTPUBGYCriteo back in talks to be acquired by Publicis, Les Echos says
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06:53 EDTBCSBarclays loans $275M to finance Detroit bankruptcy, WSJ says
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August 28, 2014
15:03 EDTBRCMCSR a potential target for TI, Broadcom after spurning Microchip, Bloomberg says
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06:35 EDTBCSEuro zone credit crunch showing signs of improving, Reuters says
Loans to the private sector by euro zone banks dropped 1.6% in July versus the same period a year earlier, compared with a year-over-year decline of 1.8% in June, according to Reuters. Meanwhile, the bloc's M3 money supply increased at a 1.8% annual rate in July, versus 1.6% in June, the news service added. The upturn in the data comes after the European Central Bank started charging banks in June to keep their deposits overnight, Reuters added. Publicly traded euro zone banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
August 27, 2014
11:32 EDTCOHTiffany shines brighter as results beat expectations, company raises outlook
Shares of luxury retailer Tiffany (TIF) are moving higher after the company reported significantly stronger than expected second quarter results and raised its fiscal year 2015 earnings per share view. WHAT'S NEW: Tiffany's reported Q2 EPS of 96c on revenue of $993M, beating analysts' consensus estimates of 85c and $987.88M, respectively. Worldwide net sales increased 7% in Q2 and comparable store sales increased 3% in Q2 mainly due to growth in the Americas and Asia-Pacific regions. Looking ahead, the retailer increased its FY15 EPS view to $4.20-$4.30 from its previous view of $4.15-$4.25, which is in-line with analysts' $4.29 consensus. Tiffany anticipates worldwide net sales increasing by a high-single digit range and sees worldwide net sales increasing by a high-single-digit percentage for the year. The company also sees FY free cahs flow of at least $400M as well as capital expenditures of $270M. WHAT'S NOTABLE: During its conference call discussing the quarter, Tiffany said that it sees a "healthy" increase in its full-year operating margin. The luxury company noted that it experienced continued softness in its U.S. silver sales during Q2 as well as softness in U.S. entry-level sales under $500. In its Japan division, the retailer foresees returning to single-digit sales growth, but noted that the unit has not experienced that so far in the first few weeks of this month. In Europe, the retailer said it is "still feeling" the effect of economic and currency related obstacles. Tiffany sees opening 10 stores throughout the rest of the year, which is lower than its original plan of opening 13, and plans to close three stores this year compared to its original target of closing four. Tiffany also sees a double-digit percentage marketing spend increase in the second-half of this year. ANALYST REACTION: Sterne Agee analyst Ike Boruchow said that as Tiffany continues to surpass expectations in its earnings reports, fashion jewelry in general is growing again and the company's latest "T" collection should quicken that category further. He feels that regardless of the few headwinds in Japan and Europe, the luxury company is still one of the most stable retail firms. Boruchow believes that the CEO transition from Michael Kowalski to Frederic Cumenal is likely to be a "smooth" one in March. The analyst keeps the stock at a Buy rating with a $100.77 price target. OTHERS TO WATCH: Other high end retailers include Signet Jewelers (SIG), Blue Nile (NILE), Nordstrom (JWN), Michael Kors (KORS), and Coach (COH). PRICE ACTION: During late-morning trading, Tiffany rose $1.32 or 1.31%, to $102.09.
09:53 EDTSUSPOn The Fly: Analyst Downgrade Summary
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09:06 EDTBRCMBroadcom volatility at record lows
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08:25 EDTSUSPSusser Petroleum downgraded to Neutral from Buy at Ladenburg
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07:43 EDTBRCMJefferies to hold a summit
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07:39 EDTMRCCMonroe Capital adopts dividend reinvestment plan
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06:18 EDTSUSPSusser Petroleum downgraded to Market Perform from Outperform at Wells Fargo
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August 24, 2014
21:56 EDTBRCMB. Riley to hold a tour
Silicon Valley Tech Tour travels throughout Silicon Valley on August 25-27.
August 22, 2014
07:36 EDTGARSGarrison Capital shares attractive, says Oppenheimer
Oppenheimer finds Garrison's valuation attractive, and the firm notes that the company has a dividend yield of 9.5%. The firm thinks the company's Q3 pipeline looks strong, while the approval it received for its SBIC license is likely to boost its earnings.
August 20, 2014
17:14 EDTBCSBarclays settles Thornburg Mortgage lawsuit, WSJ says
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August 19, 2014
17:40 EDTGARSGarrison Investment Group lowers stake in Garrison Capital to 12.3% from 13.6%
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