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Stock Market & Financial Investment News

News Breaks
December 5, 2012
06:06 EDTLMT, BAC, JPM, C, MS, GS, BA, WFC, USB, BIGOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The SEC launched an investigation into a $10M stock sale by Big Lots (BIG) CEO Steven Fishman before the company announced news that sank its stock, sources say, the Wall Street Journal reports...U.S. crude-oil production reached its highest level in nearly 15 years in September, thanks in large part to the drilling method known as hydraulic fracturing, said the U.S. Energy Information Administration. Daily production averaged about 6.5M barrels, an increase of 16%, or about 900,000 barrels, over September 2011, the Wall Street Journal reports...REUTERS: The Federal Reserve is set to announce a new round of Treasury bond purchases when it meets next week, avoiding monetary policy tightening to maintain support for the weak U.S. economy amid uncertainty over the looming year-end "fiscal cliff," Reuters reports...The Pentagon approved a plan that will allow the U.S. Air Force to buy up to 36 rocket launches for government satellites from a joint venture of Lockheed Martin (LMT) and Boeing (BA), while opening up to 14 launches to competition from other companies, Reuters reports...BLOOMBERG: The SECís move to sanction auditors for blocking investigations at China-based companies, have set a course that jeopardizes the listing of more than 100 stocks from China, Bloomberg reports...Paulson & Co.ís John Paulson, manager of $20B in hedge funds, told investors that the bulk of his losses this year came on bets that the European sovereign-debt crisis would worsen, sources say, Bloomberg reports.
News For BIG;GS;JPM;USB;MS;BAC;WFC;C;LMT;BA From The Last 14 Days
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January 29, 2016
11:37 EDTBABoeing awarded $2.5B contract by U.S. Navy for 20 P-8A Poseiden aircraft
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10:05 EDTBACOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Atlassian (TEAM) upgraded on positive outlook at JMP Securities... BRF S.A. (BRFS) upgraded to Buy from Hold at Deutsche Bank... Bank of America (BAC) upgraded to Outperform from Sell at CLSA... CEMEX (CX) upgraded to Buy from Hold at Jefferies... Chemical Financial (CHFC) upgraded to Outperform from Market Perform at Fig Partners... Computer Programs (CPSI) upgraded to Buy from Hold at Topeka... DST Systems (DST) upgraded to Outperform at Baird... Diamond Offshore (DO) upgraded to Neutral from Sell at Citi... First Cash Financial (FCFS) upgraded to Buy from Neutral at Janney Capital... First Merchants (FRME) upgraded to Overweight from Equal Weight at Stephens... Flex (FLEX) upgraded on solid results at Stifel... Intercept (ICPT) upgraded to Equal Weight from Underweight at Morgan Stanley... J.C. Penney (JCP) upgraded to Neutral from Underperform at Credit Suisse... JetBlue (JBLU) upgraded to Buy from Hold at Evercore ISI... Juniper (JNPR) upgraded to Outperform from Market Perform at Bernstein... Live Oak Bancshares (LOB) upgraded to Buy from Neutral at SunTrust... Microsemi (MSCC) upgraded to Outperform from Market Perform at Wells Fargo... NetSuite (N) upgraded to Buy from Hold at Canaccord... NextEra Energy (NEE) upgraded to Outperform at Baird... Oshkosh (OSK) upgraded to Buy from Neutral at SunTrust... PC Connection (PCCC) upgraded to Market Perform from Underperform at Raymond James... Pinnacle Financial (PNFP) upgraded to Overweight from Equal Weight at Stephens... Potash (POT) upgraded to Outperform from Sector Perform at Scotiabank... Rayonier (RYN) upgraded on valuation at BMO Capital... SanDisk (SNDK) upgraded to Buy from Hold at Needham... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... Sotherly Hotels (SOHO) upgraded to Buy from Neutral at Janney Capital... Textura (TXTR) upgraded to Outperform from Market Perform at Northland... Valley National (VLY) upgraded to Buy from Hold at Sandler O'Neill.
09:23 EDTLMTLockheed Martin weakness creates buying opportunity, says Argus
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08:52 EDTGSSiemens hires Goldman Sachs to advise on potential Gamesa deal, Reuters says
Siemens (SIEGY) has hired Goldman Sachs (GS) as an advisor for its potential acquisition of Spanish wind farm manufacturer and operator Gamesa, Reuters reports, citing two people familiar with the matter. One of the sources told Reuters that it was still unclear what the structure of such a transaction would be. Reference Link
08:31 EDTBAOarbital ATK says OBV rocket successfully completes missile defense test
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08:21 EDTBAC, BACBank of America upgraded to Outperform from Sell at CLSA
CLSA analyst Mike Mayo upgraded Bank of America two notches to Outperform from Sell and increased his price target to $16 from $15 on shares. Mayo is more positive on large U.S. banks, saying their stocks are at "recession prices" without a recession, and said Bank of America is more resilient and could grow book value even in a recession. The analyst, who thinks BofA's book value is relatively clean, said the stock could become event-driven, given "lousy efficiency" and a valuation 20% below estimated Q4 tangible book value.
07:31 EDTC, GS, BACBank, financial stocks look cheap, says Oppenheimer
After an index of bank stocks fell 19% since last summer, versus an 8% decline for the S&P, Oppenheimer says that "the group looks cheap." The firm says that banks' balance sheets will remain strong whether the economy is resilient or enters a downturn. The firm says that the banks' Q4 results were stable, and it expects the group to benefit from steady loan growth and slightly rising NIMs in 2016. Oppenheimer continues to recommend Bank of America (BAC), Citi (C), Goldman Sachs (GS), Discover (DFS), and Fifth Third (FITB)
05:26 EDTBABoeing, SWISS announce delivery of airline's first 777-300ER
Boeing and Swiss International Air Lines, or SWISS, are celebrating the delivery of the airline's first 777-300ER. The latest addition to SWISS' fleet touched down in Zurich following a non-stop 4,545 nautical miles delivery flight from Boeing's Everett Delivery Center in Everett, WA.
January 28, 2016
18:44 EDTBABoeing, Air Lease announces delivery of Next-Generation 737 to Air Vanuatu
Boeing (BA) and Air Lease (AL) celebrated the lessor's first Next-Generation 737 delivery to Air Vanuatu, the flag carrier of the South Pacific nation. Air Lease has ordered 253 Boeing airplanes and has taken delivery of 65 Boeing airplanes.
18:41 EDTLMTLockheed Martin awarded $198.73M government contract modification
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18:39 EDTBABoeing awarded $2.47B government contract modification
Boeing is being awarded a $2.47B modification to a previously awarded fixed-price-incentive-firm contract to exercise an option for the manufacture and delivery of 20 Lot III full-rate production P-8A aircraft for the Navy, and the Government of Australia. In addition, this option provides for efforts related to obsolescence monitoring, change assessment, and integrated baseline/program management reviews. Work is expected to be completed in December 2018. FY16 aircraft procurement funds in the amount of $2.05B will be obligated at time of award, none of which will expire at the end of the current fiscal year. This contract combines purchase for the Navy and the Government of Australia, under a cooperative agreement. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.
18:19 EDTWFC, BACBank of America, Wells Fargo to integrate Apple Pay in ATMs, TechCrunch says
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16:00 EDTC, BACOptions Update; January 28, 2016
iPath S&P 500 VIX Short-Term Futures down 84c to 25.21 Option volume leaders: FB AAPL MSFT AMZN NFLX BAC BABA QCOM AAL MU C RIG
12:47 EDTMSMorgan Stanley scales back principal strategic investments group, Reuters says
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11:04 EDTBABoeing reports 40 new orders since last update
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09:05 EDTBABoeing should be aggressively bought on weakness, says Sterne Agee CRT
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08:57 EDTBABoeing guidance unexpected but free cash flow story intact, says Canaccord
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08:31 EDTBAAlcoa, Boeing agree on long-term supply deal
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08:06 EDTBABoeing awards ViaSat contract for Apache Helicopter communication terminals
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06:50 EDTBACBank of America loads up heavily on blockchain patents, CNBC reports
Bank of America is attempting to steal a march on the latest developments in the technology behind bitcoin by going big on blockchain-related patents, CNBC reports. Blockchain operates as a large, decentralized ledger for bitcoin which records each transaction and stores this information on a global network, the report notes. Bank of America is trying to patent some of the use cases of blockchain, having filed for 15 patents related to blockchain and is currently drafting an additional 20 to submit to the U.S. PTO, the report says. Reference Link
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