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Stock Market & Financial Investment News

News Breaks
July 23, 2013
10:05 EDTHAS, TXN, NMM, ABX, LII, SLW, PHG, BHI, TSS, CWEI, FIS, BBVAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Baker Hughes (BHI) upgraded to Outperform from Market Perform at Cowen... Banco Bilbao (BBVA) upgraded to Buy from Neutral at UBS... Clayton Williams (CWEI) upgraded to Market Perform from Underperform at Raymond James... FIS (FIS) upgraded to Neutral from Underperform at Credit Suisse... Philips (PHG) upgraded to Overweight from Neutral at JPMorgan... Texas Instruments (TXN) upgraded to Neutral from Reduce at SunTrust... Total System (TSS) upgraded to Outperform from Neutral at Credit Suisse... Baker Hughes (BHI) upgraded to Outperform from Neutral at Macquarie... Silver Wheaton (SLW) upgraded to Outperform from Neutral at Macquarie... Barrick Gold (ABX) upgraded to Neutral from Underperform at Macquarie... Hasbro (HAS) upgraded to Buy from Hold at Needham... Lennox (LII) upgraded to Buy from Accumulate at Global Hunter... Navios Maritime Partners (NMM) upgraded to Overweight from Neutral at JPMorgan.
News For BHI;BBVA;CWEI;PHG;FIS;TSS;TXN;SLW;ABX;HAS;LII;NMM From The Last 14 Days
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July 22, 2015
11:00 EDTTXNTexas Instruments technical notes ahead of earnings
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10:26 EDTABXOptions with increasing implied volatility
Options with increasing implied volatility: LOCK DUST JNUG CHK LINE LNCO CNX ABX GG GDX
09:48 EDTTXNTexas Instruments retesting recent low, levels to watch
The shares are at $48.48 at time of writing, close to the low of July 9th at $48.09. On a breakdown below that low, next support would be at $47.53. Resistance is at $49.32, the 10-day moving average.
09:35 EDTBHIBaker Hughes results suggest prolong recovery, says Susquehanna
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08:33 EDTFISFIS extends long-term relationship with Intrust Bank
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July 21, 2015
13:28 EDTTXNTexas Instruments July weekly volatility elevated into Q2 and outlook
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10:31 EDTABXOptions with increasing implied volatility
Options with increasing implied volatility: DUST JNUG LINE CHK CNX INSY ABX GG GDX NEM
10:01 EDTLII, HASOn The Fly: Analyst Downgrade Summary
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09:30 EDTLIILennox downgraded to Neutral from Buy at Buckingham
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08:11 EDTBHIBaker Hughes expects North America rig counts to remain unchanged in 2015
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08:10 EDTBHIBaker Hughes reports Q2 North America revenue down 47% to $1.5B
The drop in revenue is primarily attributable to the reduction in customer spending, which has resulted in a steep decline in onshore and shallow water activity, and an unfavorable pricing environment. Reports Q2 Latin America revenue down 19% to $439M, largely result of sharp activity reductions in the Andean area, as reflected in a 43% drop in the rig count, and in Venezuela from decreased operations and unfavorable exchange rates. In Brazil and Mexico, activity reductions were more than offset by offshore share gains. reports Q2 Europe/Africa/Russia Caspian revenue down 22% to $869M, impacted by $100M related to the unfavorable change in foreign exchange rates. Reports Q2 Middle East/Asia Pacific revenue down 22% to $856M, driven primarily by lower activity throughout Asia Pacific, as reflected in the 12% drop in the rig count, and in Iraq as result of a reduction to our integrated operations, including exiting a large turnkey contract in mid-2014. Reports Q2 Industrial Services down 8% to $306M.
08:09 EDTBHIBaker Hughes expects unfavorable market dynamics to persist in 2H15
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08:08 EDTBHIBaker Hughes says Q2 negatively impacted by deteriorating pricing, currency
CEO Martin Craighead commented, "Even though the severity of the revenue decline has compressed our margins, we have minimized the impact by aggressively reducing costs and rightsizing our operational footprint. These actions have resulted in decremental margins of 35% compared to the prior year, a significant improvement from the prior industry downturn. Furthermore, earnings for the quarter were impacted by an unfavorable tax rate which resulted primarily from a change in the geographic mix of earnings."
08:07 EDTBHIBaker Hughes reports Q2 adjusted EPS (14c), consensus (13c)
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07:20 EDTBHIHalliburton has 90% upside potential over 3 years, says Citi
Citi analyst Scott Gruber believes regulatory approval for Halliburton's (HAL) proposed acquisition of Baker Hughes (BHI) is a "high probability event." Halliburton's buyback potential post-acquisition looks significant, Gruber tells investors in a research note. He estimates $5.00 of pro forma earnings per share for Halliburton in 2018, suggesting 90% upside potential for shares over the next three years. The analyst notes that applying a 16 times earnings multiple yields a $78 share price. He keeps a Buy rating on Halliburton with a $54 price target. The oil services company closed yesterday up 75c to $40.74 after reporting Q2 results.
07:17 EDTPHGPhilips announces collaboration with Profound Medical
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07:16 EDTPHGPhilips announces joint development agreement with Profound Medical
Royal Philips and Profound Medical Corp, a Toronto-based medical device company, announced that they have signed a joint development agreement to support Profound Medical’s proprietary TULSA technology designed to treat patients with prostate cancer on Philips’ Ingenia and Achieva 3T MRI systems. Profound Medical will soon release 12 month data from its 30 patient safety and feasibility study with the goal of obtaining a CE mark and commercialization of TULSA-PRO in Europe and Canada in 2016.
06:58 EDTHASHasbro downgraded to Market Perform from Outperform at Wells Fargo
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06:41 EDTHASHasbro downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Hasbro to Neutral saying shares are trading at peak multiples. Piper views the stock as fairly valued based on current expectations following the company's Q2 results. It raised its price target for shares to $85 from $79.
06:33 EDTHASHasbro downgraded to Market Perform from Outperform at BMO Capital
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