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Stock Market & Financial Investment News

News Breaks
August 14, 2014
17:41 EDTWFT, BHI, VRX, HES, WLLPoint72 Asset Management gives quarterly update on stakes
NEW STAKES: Baker Hughes (BHI), Whiting Petroleum (WLL), Valeant (VRX), Weatherford (WFT), and Hess (HES).
News For BHI;WLL;VRX;WFT;HES From The Last 14 Days
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January 28, 2016
16:22 EDTBHISuperior Drilling to supply Baker Hughes with Strider Drill System
Superior Drilling (SDPI) announced that it reached an agreement to supply the company's Strider Drill String Oscillation System and related services to Baker Hughes (BHI). The Strider utilizes its unique patent-pending design to reduce drill string friction on horizontal wells, resulting in improved rates of penetration and cost savings. Its revolutionary engineering provides a cost effective alternative to conventional downhole vibration tools.
15:49 EDTVRXValeant comments by Hillary Clinton not new, says Evercore ISI
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15:42 EDTVRXValeant volatility increases after accused by Clinton of 'predatory pricing'
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15:34 EDTVRXValeant accused by Clinton of 'predatory pricing'
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11:18 EDTHESOptions with increasing put volume
Options with increasing put volume: DRII SNE LH CAVM KSS UCO ILMN JBLU AVT SWK JNPR RRC CL HES
10:05 EDTWLLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Azure Midstream Partners (AZUR) downgraded at Stifel... Chesapeake (CHK) downgraded to Hold from Buy at Wunderlich... CorEnergy (CORR) downgraded at Stifel... DCP Midstream (DPM) downgraded to Hold from Buy at Stifel... DynCorp (DCP) downgraded at Stifel... Ericsson (ERIC) downgraded on challenging outlook at BMO Capital... H&E Equipment (HEES) downgraded to Neutral from Buy at UBS... Halcon Resources (HK) downgraded to Hold from Buy at Wunderlich... InvenSense (INVN) downgraded to Market Perform from Outperform at Barrington... Invitae (NVTA) downgraded to Market Perform from Outperform at Leerink... Kirby (KEX) downgraded to Sector Perform from Outperform at RBC Capital... MEG Energy (MEGEF) downgraded to Equal Weight from Overweight at Barclays... Metro (MTTRY) downgraded to Underweight from Neutral at JPMorgan... OSI Systems (OSIS) downgraded to Hold following Q2 miss at BB&T... Oasis Petroleum (OAS) downgraded to Hold from Buy at Wunderlich... Pan American Silver (PAAS) downgraded to Market Perform from Outperform at FBR Capital... Qualcomm (QCOM) downgraded to Market Perform from Outperform at William Blair... Range Resources (RRC) downgraded to Equal Weight from Overweight at Barclays... Rockwell Automation (ROK) downgraded to Underperform from Market Perform at Bernstein... Royal Gold (RGLD) downgraded to Market Perform from Outperform at FBR Capital... SEI Investments (SEIC) downgraded to Underperform at Keefe Bruyette... SandRidge Energy (SD) downgraded to Sell from Hold at Wunderlich... Seadrill (SDRL) downgraded to Equal Weight from Overweight at Morgan Stanley... ServiceNow (NOW) downgraded to Neutral from Buy at MKM Partners... State Bank Financial (STBZ) downgraded to Hold from Buy at Sandler O'Neill... Sunoco Logistics (SXL) downgraded at Stifel... Tallgrass Energy GP (TEGP) downgraded to Hold from Buy at Stifel... Tallgrass Energy (TEP) downgraded to Hold from Buy at Stifel... Textron (TXT) downgraded to Hold from Buy at Drexel Hamilton... TripAdvisor (TRIP) downgraded to Underperform from Market Perform at Raymond James... Tupperware Brands (TUP) downgraded to Neutral from Overweight at Piper Jaffray... U.S. Steel (X) downgraded to Hold from Buy at Argus... United Rentals (URI) downgraded to Neutral from Buy at UBS... Welltower (HCN) downgraded to Hold from Buy at Evercore ISI... Western Gas Partners (WES) downgraded to Hold from Buy at Stifel... Whiting Petroleum (WLL) downgraded to Hold from Buy at Wunderlich.
09:04 EDTWLLWhiting Petroleum downgraded to Hold from Buy at Wunderlich
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08:06 EDTBHIBaker Hughes says 'fully dedicated' to closing merger as early as possible
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08:05 EDTBHIBaker Hughes sees rig activity worldwide to continue to decline throughout 2016
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08:04 EDTBHIBaker Hughes reports Q4 adjusted EPS (21c), consensus (10c)
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06:07 EDTBHIHalliburton upgraded to Buy from Accumulate at KLR Group
KLR Group analyst Darren Gacicia upgraded Halliburton (HAL) to Buy saying the risk/reward is favorable at current share levels. North America should be the first region to increase oil production activity in a recovery, and Halliburton has high exposure, Gacicia tells investors in a research note. Further, investor concerns related to the Baker Hughes (BHI) merger may present a positive catalyst for the shares whether the merger is completed or terminated, the analyst contends. He believes both companies remain motivated to complete the deal. Gacicia keeps a $44 price target for Halliburton shares. The oil services company closed yesterday up 12c to $29.06.
January 27, 2016
14:34 EDTBHINotable companies reporting before tomorrow's open
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12:11 EDTHESOn The Fly: Top stock stories at midday
Stocks began the session in negative territory and proceed to lose additional ground after the open. Despite another disappointing weekly Department of Energy inventory report, which pointed to larger than expected builds of both oil and gas stockpiles, the price of crude moved higher in later morning trading, taking equities up with it. Fed watchers have zero expectation that the central bank will announce an interest rate hike later today, but are hoping for a dovish policy statement to be issued in conjunction with the end of the latest FOMC meeting. ECONOMIC EVENTS: In the U.S., new home sales surged 10.8% to a 544,000 annualized pace in December, topping expectations and hitting their highest level in 10 months. The FOMC rate decision is due out at 2 pm ET and 100% of 104 analysts surveyed by Bloomberg were aligned in predicting no change to benchmark U.S. interest rates will be announced today. While their is no chance seen that the central bank will raise rates, the language in the statement will be closely examined for any clues on the Fed's thinking about when the next rate may be coming. COMPANY NEWS: Shares of Apple (AAPL) declined about 5% after the tech giant reported first quarter earnings that topped consensus estimates last night, but also issued revenue guidance for the new quarter that missed expectation. The company was noted by several analysts as having a particularly downbeat tone in its earnings conference call, invoking the difficult macroeconomic environment and weakness it has recently seen in China... Apple was not the worst performer in the Dow, however, as that distinction goes to Boeing (BA). Shares of the commercial airplane maker and defense contractor plummeted 7% after its profit outlook for the new fiscal year fell far short of the Street's consensus forecast. Conversely, United Technologies (UTX), which is also in the Dow and also involved in aerospace and defense, gained 2% after backing its adjusted earnings outlook for fiscal 2016. MAJOR MOVERS: Among the notable gainers was SunEdison (SUNE), which rallied 12% after the company and David Einhorn's Greenlight Capital agreed to new corporate governance initiatives, including appointing Claire Gogel to its board and amending its bylaws to provide that it will not make equity issuances for two years without supermajority vote of the board. Also higher were Commvault (CVLT), Hess (HES) and Biogen (BIIB), which gained 13%, 10% and 8%, respectively, after reporting quarterly earnings. Among the noteworthy losers was DreamWorks Animations (DWA), which fell 4.5% after the stock was downgraded to Sell at Topeka. Also lower were U.S. Steel (X), VMware (VMW), and Textron (TXT), which were down 12%, 8.5%, and 8%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was up 37.60, or 0.23%, to 16,204.83, the Nasdaq was down 9.88, or 0.22%, to 4,557.79, and the S&P 500 was up 9.54, or 0.5%, to 1,913.17.
11:09 EDTHESOptions with increasing put volume
Options with increasing put volume: RDN MTG HES BKD TAP RRC GG MTW AIG CLR PYPL
10:16 EDTWLLWhiting Petroleum downgraded to Underperform from Peer Perform at Wolfe Research
07:35 EDTHESHess Corp. sees 2016 capital and exploratory expenditures down 40% to $2.4B
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07:34 EDTHESHess Corp. sees 2016 oil and gas production 330K-350K boepd
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07:33 EDTHESHess Corp. reports Q4 adjusted EPS ($1.40), consensus ($1.47)
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07:32 EDTHESHess Corp. reports Q4 adjusted EPS ($1.40), consensus ($1.47)
Oil and gas production was 368,000 barrels of oil equivalent per day in Q4, compared to 362,000 boepd in the fourth quarter of 2014. E&P capital and exploratory expenditures were $943M, down from $1.575B in the prior-year quarter reflecting reduced activities primarily in the United States, Norway and Equatorial Guinea.
06:59 EDTHESOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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