New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 2, 2014
12:20 EDTCNX, WLT, JRCC, ACI, BHP, BTU, ANRCoal stocks higher after BHP executive signals confidence
Coal stocks are rallying today after positive comments were made by the head of BHP's (BHP) coal division. WHAT'S NEW: The Wall Street Journal reported this morning that BHP's Dean Dalla Valle said he expects world demand for coal to increase for decades to come. According to the report, the BHP executive added that most demand growth for coal will come from outside China, which has been the primary driver of global commodity prices in recent years. "Over the next couple of decades we expect global growth in demand for both energy coal and metallurgical coal," said Dean Dalla Valle. The executive added that India, which is "not not overly endowed with metallurgical coal," is seen as being a significant source of demand. PRICE ACTION: Shares of BHP Billiton (BHP) are higher by 0.77% in midday trading. OTHER COAL STOCKS: Walter Energy (WLT) is up 2.61%, Alpha Natural Resources (ANR) is up 1.06%, Arch Coal (ACI) is up 1.44%, CONSOL Energy (CNX) is up 1.65%, Peabody Energy (BTU) is up 1.1% and James River Coal (JRCC) is up 13.25%.
News For BHP;WLT;ANR;ACI;CNX;BTU;JRCC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 27, 2015
06:56 EDTBHPBHP Billiton, Rio Tinto will not write down Australian mines, WSJ says
BHP Billiton (BHP) and Rio Tinto (RIO) will reportedly not have to write down Australian iron ore mining assets, reports the Wall Street Journal, citing statements by EY's mining and metals leader Mike Elliott and Pengana Capital's Tim Schroeders. The companies' mines in the region were built cheaply and had pre-existing railway and port infrastructure, keeping them profitable even at current ore prices. Reference Link
February 25, 2015
05:32 EDTBHPBHP Billiton downgraded to Neutral from Buy at Citigroup (yesterday)
February 24, 2015
17:56 EDTBHPRio Tinto a better play than BHP Billiton on commodity rebound, Barron's says
Subscribe for More Information
10:56 EDTBHPBHP Billiton upgraded to Outperform from Neutral at Macquarie
06:10 EDTBHPBHP Billiton CEO sees iron ore price decline in next year, Reuters reports
Subscribe for More Information
February 23, 2015
09:59 EDTACI, BHPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Antofagasta (ANFGY) downgraded to Sell from Neutral at Goldman... Arch Coal (ACI) downgraded to Sell from Buy at Argus... BHP Billiton (BHP) downgraded to Equal Weight from Overweight at Morgan Stanley... Beazer Homes (BZH) downgraded to Neutral from Buy at Compass Point... Boeing (BA) downgraded to Sell from Neutral at Goldman... Century Communities (CCS) downgraded to Neutral from Overweight at JPMorgan... CyberArk (CYBR) downgraded to Underweight from Neutral at JPMorgan... DirecTV (DTV) downgraded to Hold from Buy at Brean Capital... Enerplus (ERF) downgraded to Hold from Buy at Desjardins... Fiserv (FISV) downgraded to Neutral from Buy at Monness Crespi... GP Strategies (GPX) downgraded to Neutral from Buy at B. Riley... Interactive Brokers (IBKR) downgraded to Market Perform at Keefe Bruyette... MRC Global (MRC) downgraded at BB&T... Precision Castparts (PCP) downgraded to Neutral from Buy at Goldman... Quest Diagnostics (DGX) downgraded at BofA/Merrill... Rio Tinto (RIO) downgraded to Equal Weight from Overweight at Morgan Stanley... Roth Capital downgraded Spectrum (SPPI) on court case loss... Royal Dutch Shell (RDS.A) downgraded to Sector Perform from Outperform at Howard Weil... Ryland Group (RYL) downgraded to Neutral from Buy at Compass Point... Salix (SLXP) downgraded to Market Perform from Outperform at Leerink... Standard Pacific (SPF) downgraded to Neutral from Buy at Compass Point... Superior Energy (SPN) downgraded to Neutral from Outperform at Credit Suisse... Transocean (RIG) downgraded to Negative from Neutral at Susquehanna... Vale (VALE) downgraded to Equal Weight from Overweight at Morgan Stanley.
08:21 EDTBHPBHP Billiton downgraded to Equal Weight from Overweight at Morgan Stanley
08:14 EDTACIArch Coal downgraded to Sell from Buy at Argus
Subscribe for More Information
06:19 EDTBHPBHP Billiton CEO expected to provide more info on demerger, WSJ reports
BHP Billiton CEO Andrew Mackenzie is expected to this week provide more information on his demerger proposal, which will leave the mining company with fewer commodities and lower cash flow, The Wall Street Journal reports. The upcoming 1H earnings release is also expected to highlight the challenges BHP is currently facing as it seeks to focus on commodities like iron ore and oil. Reference Link
February 20, 2015
10:20 EDTCNXHigh option volume stocks
Subscribe for More Information
February 17, 2015
09:20 EDTWLTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Vipshop Holdings (VIPS), up 10.9%... VASCO Data Security (VDSI), up 7.1%... Waste Management (WM), up 3.7%. ALSO HIGHER: Starwood Hotels (HOT), up 1.9% after appointing Adam Aron as interim CEO... Sarepta Therapeutics (SRPT), up 7.3% after being upgraded at BofA/Merrill... Navidea Biopharmaceuticals (NAVB), up 7.5% after publishing results of phase 3 Lymphoseek trial... Campus Crest (CCG), up 7.7% after announcing that it will explore strategic alternatives as well as Clinton Group and Campus Evolution proxy contest... Cyren (CYRN), up 7.1% following distribution agreement with ALSO Deutschland. DOWN AFTER EARNINGS: Helix Energy (HLX), down 13.3%... Walter Energy (WLT), down 10.1%. ALSO LOWER: Celsus Therapeutics (CLTX), down 82.3% after MRX-6 Cream 2% Phase II trial did not meet primary endpoint... Vascular Biogenics (VBLT), down 53.2% after reporting that VB-201 Phase 2 studies did not meet primary endpoints and removal of FDA partial clinical hold on VB-111... Vanguard Natural Resources (VNR), down 7.1% after reporting preliminary fourth quarter results.
07:38 EDTWLTWalter Energy expects met coal sales 8.5 MMT-9.0 MMT
Walter Energy expects met coal sales to total 8.5 to 9.0 MMTs in 2015. Capital expenditures in 2015 are expected to be in line with 2014, and the company expects to further reduce SG&A expenses by 10%. Cash interest expense is expected to approximate $265M for the year.
07:36 EDTWLTWalter Energy reports Q4 adjusted EPS ($1.97), consensus ($1.59)
Reports Q4 revenue $285.56M, consensus $326.55M.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use