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Stock Market & Financial Investment News

News Breaks
March 26, 2014
04:55 EDTBDC, BDC, SXC, SXC, MRC, MRC, WCN, WCN, TREX, TREX, SLCA, SLCA, RSG, RSG, LECO, LECO, DCI, DCI, TWI, TWIBB&T to hold a conference
8th Annual Commercial & Industrial 1:1 Conference is being held in Coral Gables, Florida on March 26-27.
News For BDC;DCI;LECO;RSG;SLCA;TREX;WCN;MRC;SXC;TWI From The Last 14 Days
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February 11, 2016
16:17 EDTRSGRepublic Services sees FY16 adjusted EPS $2.13-$2.17, consensus $2.16
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16:15 EDTRSGRepublic Services reports Q4 adjusted EPS 50c, consensus 49c
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February 10, 2016
19:14 EDTMRCMRC Global to sell U.S. OCTG business for $48M, sees $5M pre-tax charge in Q4
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February 9, 2016
12:18 EDTBDCOn The Fly: Top stock stories at midday
Stocks have moved in a fairly wide range, with the Dow beginning the session with triple digit losses, moving briefly into positive territory, and now hovering near the flat line. Oil prices continue to dictate the equity market's direction, as each move of oil prices toward the plus side is followed by a subsequently positive move for stocks. With oil back below $30 per barrel, the major averages have found it hard to maintain any upward momentum. ECONOMIC EVENTS: In the U.S., wholesale sales dipped 0.3% in December, while inventories fell 0.1%. The Labor Department's Job Openings and Labor Turnover Survey showed job openings rose 261,000 in December to about 5.61M. In Asia, most major markets remain closed for Chinese New Year, but one of the exceptions, Japan, saw its main indexes plunge, as the Nikkei dropped 5.4% and the Topix fell 5.5%. COMPANY NEWS: Class A shares of 21st Century Fox (FOXA) declined 3% after the company reported lower than expected second quarter revenue, while peer Viacom (VIAB) tumbled 15% following its own revenue miss. The results of the two media conglomerates weighed on the largest name in the space, Disney (DIS), which fell 1% near noon ahead of its own earnings report, which is due after the closing bell today. MAJOR MOVERS: Among the notable gainers was Salesforce (CRM), which rose 5% after it was upgraded to Hold from Underperform at Jefferies. Also higher was Boston Scientific (BSX), which gained 4% after it announced that Medicare will cover its Watchman LAAC device. In addition, Belden (BDC) and Goodyear Tire (GT) were up 20% and 5%, respectively, after reporting quarterly earnings. Among the noteworthy losers was ITC Holdings (ITC), which fell 2% after it agreed to be acquired by Fortis in a cash and stock deal valued at $11.3B. Also lower were Plains All American (PAA), Bristow Group (BRS) and HCP (HCP), which were down 14%, 24%, and 15%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was down 75.85, or 0.47%, to 15,951.20, the Nasdaq was down 16.69, or 0.39%, to 4,267.06, and the S&P 500 was down 8.08, or 0.44%, to 1,845.36.
08:53 EDTWCNWaste Connection sees FY16 CapEx roughly $230M
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08:52 EDTWCNWaste Connection sees Q1 revenue roughly $515M, consensus $518.09M
Sees Q1 adjusted EBITDA roughly $169M. Sees Q1 depreciation and amortization expense about 13.3% of revenue. Sees Q1 effective tax rate roughly 39.2%. Says asset positioning should allow company to immediately benefit from activity in E&P segment. Says integration planning underway in Canada and U.S., says "very encouraged" by early takeaways. Says outlook assumes no change in economic environment. Comments taken from Q4 earnings conference call.
07:37 EDTLECOLincoln Electric says realigns organizational, leadership structure
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07:35 EDTBDCBelden backs FY16 adjusted EPS view $5.10-$5.40, consensus $5.28
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07:33 EDTBDCBelden sees Q1 adjusted EPS 90c-$1.00, consensus 98c
Sees Q1 revenue $528M-$548M, consensus $541.5M.
07:32 EDTBDCBelden reports Q4 adjusted EPS $1.63, consensus $1.48
Reports Q4 revenue $597.2M, consensus $605.58M.
February 8, 2016
16:15 EDTWCNWaste Connections sees FY16 revenue $2.2B-$2.22B, consensus $2.21B
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16:14 EDTWCNWaste Connections reports Q4 adjusted EPS 49c, consensus 47c
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14:28 EDTWCNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Twenty-First Century Fox (FOX, FOXA), consensus 44c... Plains All American Pipeline (PAA), consensus 46c... Waste Connections (WCN), consensus 47c... Molina Healthcare (MOH), consensus 61c.
February 3, 2016
07:08 EDTTREXEmerald Asset Management to hold a forum
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February 1, 2016
10:02 EDTTREXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded at BMO Capital... ARMOUR Residential (ARR) downgraded to Underweight from Equal Weight at Barclays... Abraxas Petroleum (AXAS) downgraded to Neutral from Buy at SunTrust... Anchor BanCorp Wisconsin (ABCW) downgraded to Equal Weight from Overweight at Stephens... Ashford Hospitality Prime (AHP) downgraded to Hold from Buy at Canaccord... Ashford Hospitality (AHT) downgraded to Hold from Buy at Canaccord... Axiall (AXLL) downgraded to Neutral from Buy at Citi... Boston Private Financial (BPFH) downgraded to Neutral from Buy at SunTrust... Colliers International (CIGI) downgraded to Sector Perform from Outperform at RBC Capital... Companhia Brasileira de Distribuicao (CBD) downgraded to Neutral at Credit Suisse... Connecticut Water (CTWS) downgraded to Market Perform from Outperform at Wells Fargo... Duke Realty (DRE) downgraded on valuation, growth outlook at BMO Capital... EP Energy (EPE) downgraded to Neutral from Buy at SunTrust... Eastman Chemical (EMN) downgraded at SunTrust... Equity Residential (EQR) downgraded to Neutral from Buy at Mizuho... Genuine Parts (GPC) downgraded to Neutral from Overweight at JPMorgan... Hersha Hospitality (HT) downgraded to Hold from Buy at Canaccord... Jones Energy (JONE) downgraded to Neutral from Buy at SunTrust... Mondelez (MDLZ) downgraded to Neutral from Positive at Susquehanna... Nokia (NOK) downgraded to Hold from Buy at Canaccord... Ollie's Bargain Outlet (OLLI) downgraded to Neutral from Outperform at Credit Suisse... Oshkosh (OSK) downgraded to Hold from Buy at Drexel Hamilton... Outerwall (OUTR) downgraded on Redbox weakness at Roth Capital... PACCAR (PCAR) downgraded to Underperform from Peer Perform at Wolfe Research... Restoration Hardware (RH) downgraded to Market Perform from Outperform at Cowen... Rex Energy (REXX) downgraded to Neutral from Buy at SunTrust... Sanchez Energy (SN) downgraded to Neutral from Buy at SunTrust... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Santander Consumer (SC) downgraded to Underperform from Neutral at BofA/Merrill... Tiffany (TIF) downgraded to Market Perform from Outperform at Cowen... Trex Company (TREX) downgraded to Hold from Buy at BB&T... U.S. Steel (X) downgraded to Neutral from Outperform at Macquarie... United Community Financial (UCFC) downgraded to Neutral from Outperform at Boenning & Scattergood... Xerox (XRX) downgraded to Equal Weight from Overweight at Morgan Stanley.
06:56 EDTTREXTrex Company downgraded to Hold from Buy at BB&T
BB&T analyst Matthew McCall downgraded Trex Company to Hold due to the risk to higher-end consumer confidence. The analyst said higher-end consumer confidence declined in January greater than 10% versus December and may be indicative of slower demand for Trex products ahead.

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