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Stock Market & Financial Investment News

News Breaks
January 16, 2014
10:02 EDTAOL, TI, REG, HCN, FRT, BPO, BDN, PDCE, ROP, CSX, WDC, VRNT, VMW, ELX, ESL, IT, MU, HPQ, N, NLSN, TTEK, TRN, BIGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Big Lots (BIG) upgraded to Market Perform from Underperform at Raymond James... Emulex (ELX) upgraded to Buy from Neutral at BofA/Merrill... Esterline (ESL) upgraded to Buy from Neutral at UBS... Gartner (IT) upgraded to Buy from Neutral at Goldman... HP (HPQ) upgraded to Buy from Neutral at BofA/Merrill... Micron (MU) upgraded to Outperform from Market Perform at JMP Securities... NetSuite (N) upgraded to Outperform from Market Perform at FBR Capital... Nielsen (NLSN) upgraded to Buy from Neutral at Goldman... Tetra Tech (TTEK) upgraded to Buy from Hold at KeyBanc... Trinity Industries (TRN) upgraded to Buy from Hold at Stifel... VMware (VMW) upgraded to Buy from Neutral at Citigroup... Verint Systems (VRNT) upgraded to Outperform from Market Perform at FBR Capital... Western Digital (WDC) upgraded to Buy from Neutral at BofA/Merrill... Telecom Italia (TI) upgraded to Buy from Neutral at Nomura... Regency Centers (REG) upgraded to Overweight from Neutral at JPMorgan... Health Care REIT (HCN) upgraded to Overweight from Neutral at JPMorgan... Federal Realty (FRT) upgraded to Overweight from Neutral at JPMorgan... Brookfield Office (BPO) upgraded to Neutral from Underweight at JPMorgan... Brandywine Realty (BDN) upgraded to Overweight from Neutral at JPMorgan... PDC Energy (PDCE) upgraded to Buy from Hold at Miller Tabak... Roper Industries (ROP) upgraded to Overweight from Neutral at JPMorgan... CSX (CSX) upgraded to Buy from Hold at Argus... AOL (AOL) upgraded to Buy from Fair Value at CRT Capital.
News For BIG;ELX;ESL;IT;MU;HPQ;N;NLSN;TTEK;TRN;VMW;VRNT;WDC;TI;REG;HCN;FRT;BPO;BDN;PDCE;ROP;CSX;AOL From The Last 14 Days
Check below for free stories on BIG;ELX;ESL;IT;MU;HPQ;N;NLSN;TTEK;TRN;VMW;VRNT;WDC;TI;REG;HCN;FRT;BPO;BDN;PDCE;ROP;CSX;AOL the last two weeks.
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July 11, 2014
11:17 EDTAOLHigh option volume stocks
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11:16 EDTAOLAOL, Yahoo CEOs have late-night talk, WSJ reports
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11:02 EDTTITelefonica readying sale of Telecom Italia stake, Folha de Sao Paulo says
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09:26 EDTREG, FRTAmREIT could see higher bid from Regency, others, says RW Baird
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08:49 EDTHPQ, WDCJune CIO survey indicates strong 2H, says Morgan Stanley
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08:12 EDTVMWVMware shares should be bought ahead of results, says Pacific Crest
After conducting checks, Pacific Crest believes that the performance of the company's stand-alone vSphere seems solid, while it is gaining traction in suites and end-user computing. The firm identifies VMware as its top pick heading into Q2 results.
July 10, 2014
18:02 EDTHPQWells sees 'shrinking list' of strategic buyers for Rackspace
Wells Fargo sees a "shrinking list" of potential buyers for Rackspace (RAX), with only remaining HP (HPQ) and CenturyLink (CTL) remaining in its opinion. Wells believes Rackspace going private through a leveraged buyout is a possibility, but it thinks such an outcome is a lower probability given the required return assumptions and implied exit multiple. The firm believes the market has correctly assumed a high probability that Rackspace will not undergo a strategic event. However, Wells thinks the potential for a value creating event limits downside in the name. It keeps an Outperform rating on the stock.
16:25 EDTREGOn The Fly: Closing Wrap
Stocks on Wall Street began the session deep in negative territory, as fears about the health of one of Portugalís largest banks, coupled with weak economic data out of Italy, prompted a sell-off in Europe, which spilled over to the U.S. The major averages moved generally higher after the open, though the early losses proved too much to overcome. The reignited fears about Europe's periphery come just as the U.S. corporate earnings season is set to pick up in earnest next week. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 11K to 304K in the week ended July 5. Wholesale inventories rose 0.5% in May, while sales edged up 0.7%, which were both a little below expectations. In Europe, concerns about the periphery rose again as the parent company of Portugal's Espirito Santo bank missed a debt payment, leading the country's interest rates higher and equities in the Eurozone lower. Also, Italy's industrial output saw its steepest monthly fall since late 2012, having dropped 1.2% in May. In China, trade performance improved in June but still missed market forecasts. Exports rose 7.2% in June from a year earlier, missing the consensus forecast for a rise of 10.6%, while imports grew 5.5% in the month, versus the 5.8% growth expectation. COMPANY NEWS: Shares of Verizon (VZ) advanced 74c, or 1.51%, to $49.64 to lead the handful of gainers on the Dow Jones Industrial Average. The rise came after Verizon CEO Lowell McAdam said in an interview on CNBC that his company added over 1.4M postpaid subscribers in Q2, with "record" tablet growth and "very strong" smartphone growth. Afterward, Wells Fargo said in a note to investors that the net adds were higher than the firm's recently increased estimate and above Street consensus... Conversely, Home Depot (HD) was the Dow's worst performer, falling $1.33, or 1.65%, to $79.40. After hardwood floors retailer Lumber Liquidators (LL) and farm products retailer Tractor Supply (TSCO) pre-announced weaker than expected Q2 results, Deutsche Bank analyst Mike Baker reduced his estimates for Home Depot and peer Lowe's (LOW), explaining that the comparative sales of those two large home improvement retailers have historically had a positive correlation with those of Tractor Supply and Lumber Liquidators. MAJOR MOVERS: Among the notable gainers was AmREIT (AMRE), which rose $3.25, or 16.93%, to $22.45 after Regency Centers (REG) offered to acquire the company for $22 per share, payable in cash and/or stock. Also higher was Cray (CRAY), which rallied $4.27, or 15.69%, to $31.49 after the company announced it has been awarded a $174M supercomputer deal from the National Nuclear Security Administration. Among the noteworthy losers was sandwich maker Potbelly (PBPB), which plunged $3.68, or 25.12%, to $10.97 after the company's second quarter and fiscal 2014 outlook fell significantly short of analysts' consensus estimates. Also lower was Sarepta Therapeutics (SRPT), which sunk $3.35, or 12.94%, to $22.54 after the company announced data through week 144 from its eteplirsen study in patients with Duchenne muscular dystrophy. INDEXES: The Dow dropped 70.54, or 0.42%, to 16,915.07, the Nasdaq fell 22.83, or 0.52%, to 4,396.20, and the S&P 500 declined 8.15, or 0.41%, to 1,964.68.
16:17 EDTREGAmREIT confirms receipt of unsolicited proposal from Regency Centers
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15:59 EDTREGJCP, Schechter call Regency offer for AmREIT 'deeply inadequate'
JCP Investment Management and Joshua Schechter, long-term shareholders in AmREIT (AMRE) with collective ownership of approximately 1.7%, announced that after review and consideration of the unsolicited proposal submitted today to the board of directors of AmREIT by Regency Centers(REG), in which Regency offers to acquire all of the outstanding shares of AmREIT for $22.00 per share in cash or stock, that JCP and Schechter have concluded that the Regency proposal is "deeply inadequate and significantly undervalues the company." JCP Investment and Schechter urge the board to immediately retain a nationally recognized investment bank and commence a process to explore and evaluate all strategic alternatives available, including a sale of the company with a goal of maximizing shareholder value.
11:49 EDTREGRegency Centers offer for AmREIT positive, says Wells Fargo
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10:05 EDTTIOn The Fly: Analyst Upgrade Summary
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09:13 EDTWDC, HPQHP Western Digital Seagate to benefit from PC rebound, says RBC Capital
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08:43 EDTREGRegency Centers announces proposal to acquire AmREIT for $22 per share
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08:42 EDTREGRegency Centers announces proposal to acquire AmREIT for $22 per share
07:46 EDTHPQHP awarded computing, servers contract by USAF
HP announced that the United States Air Force, or USAF, has issued a Quantum Enterprise Buy, or QEB, procurement for select HP business PCs and Workstations. Products that will be distributed as part of the procurement include a wide array of business desktop and notebook PCs, including the HP Compaq Pro 6305 SFF, HP Z230 Workstation, HP Z820 Workstation, HP ProBook 640 G1 and the HP ZBook Mobile Workstations. Products acquired through this QEB award will be distributed to USAF bases and facilities around the world.
07:19 EDTTITelecom Italia upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Telecom Italia to Overweight following the recent pullback in shares.
07:13 EDTNNetSuite weakness creates buying opportunity, says JMP Securities
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06:26 EDTHPQTablet quarterly shipments fall for first time to 56M on year, DigiTimes says
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06:18 EDTHPQIDC: PC shipments in mature regions stabilizes market in Q2, DigiTimes
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