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Stock Market & Financial Investment News

News Breaks
May 23, 2014
09:59 EDTSTT, NTRS, GLNG, DLNG, CMS, DNOW, GMLP, DRTX, BK, KIN, GLOG, CCCOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BNY Mellon (BK) initiated with a Hold at Deutsche Bank... CMS Energy (CMS) initiated with an Outperform at RW Baird... Calgon Carbon (CCC) initiated with an Outperform at Boenning & Scattergood... Durata Therapeutics (DRTX) initiated with a Buy at MLV & Co.... Dynagas LNG (DLNG) initiated with a Buy at Stifel... GasLog (GLOG) initiated with a Hold at Stifel... Golar LNG Partners (GMLP) initiated with a Buy at Stifel... Golar LNG (GLNG) initiated with a Hold at Stifel... Kindred Biosciences (KIN) initiated with a Buy at Craig-Hallum... NOW Inc. (DNOW) initiated with an Overweight at Stephens... Northern Trust (NTRS) initiated with a Hold at Deutsche Bank... State Street (STT) initiated with a Hold at Deutsche Bank.
News For BK;CMS;CCC;DRTX;DLNG;GLOG;GMLP;GLNG;KIN;DNOW;NTRS;STT From The Last 14 Days
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August 28, 2015
10:02 EDTGLNGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADP (ADP) upgraded to Outperform from Market Perform at William Blair... ASML (ASML) upgraded to Buy from Hold at Berenberg... Abercrombie & Fitch (ANF) upgraded on Hollister fundamentals at RBC Capital... Akamai (AKAM) upgraded to Outperform from Market Perform at JMP Securities... Ares Capital (ARCC) upgraded to Outperform from Market Perform at Raymond James... Banco Santander (SAN) upgraded on valuation at Deutsche Bank... CIBC (CM) upgraded to Neutral from Underperform at Credit Suisse... Canon (CAJ) upgraded to Hold from Sell at Deutsche Bank... Citi (C) upgraded to Buy from Neutral at Guggenheim... Ctrip.com (CTRP) upgraded to Buy from Hold at Stifel... El Pollo Loco (LOCO) upgraded at Stifel... Genomic Health (GHDX) upgraded to Market Perform from Underperform at Raymond James... Golar LNG (GLNG) upgraded on valuation, upcoming project completion at Stifel... Habit Restaurants (HABT) upgraded to Buy from Hold at Stifel... Helmerich & Payne (HP) upgraded to Overweight from Equal Weight at Stephens... Himax (HIMX) upgraded to Outperform from Neutral at Credit Suisse... Huntington Bancshares (HBAN) upgraded to Buy from Neutral at Guggenheim... InterContinental (IHG) upgraded to Outperform from Neutral at Credit Suisse... Knight Transportation (KNX) upgraded to Strong Buy on valuation at Raymond James... LogMeln (LOGM) upgraded to Overweight from Sector Weight at Pacific Crest... Patterson Companies (PDCO) upgraded to Overweight from Neutral at Piper Jaffray... Qunar (QUNR) upgraded on valuation, positive catalysts at Stifel... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ryder (R) upgraded to Strong Buy from Outperform at Raymond James... SVB Financial (SIVB) upgraded to Buy from Neutral at DA Davidson... Seagate (STX) upgraded to Buy from Hold at Cross Research... Sinopec (SNP) upgraded to Neutral from Sell at Citi... Summit Hotel Properties (INN) upgraded to Outperform at Baird... Texas Capital (TCBI) upgraded to Buy from Neutral at DA Davidson... The Medicines Co. (MDCO) upgraded to Buy from Hold at Jefferies... U.S. Bancorp (USB) upgraded to Buy from Neutral at Guggenheim... Weatherford (WFT) upgraded to Overweight from Equal Weight at Stephens.
07:50 EDTGMLPGolar LNG Partners weakness 'a golden opportunity,' says Stifel
After Golar LNG reported higher than expected EPS but lower than expected revenue, Stifel says that its distributions are "still well protected," and the firm remains upbeat on the FSRU market. The firm notes that the units trade at a 12.9% yield, and it thinks that the optionality from the increased exposure to FLNG and FSRU presents a compelling opportunity. It lowered its price target on the units to $29 from $33 but keeps a Buy rating.
07:35 EDTGLNGGolar LNG upgraded on valuation, upcoming project completion at Stifel
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06:21 EDTGLNGGolar LNG upgraded to Buy from Hold at Stifel
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06:20 EDTBKBNY Mellon: System performance for InvestOne platform improved on Thursday
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August 27, 2015
10:06 EDTGLOGHigh option volume stocks
High option volume stocks: GLOG ACI NGD BEAT BAX TTPH STJ FNF SSTK
06:20 EDTBKBNY Mellon trying to figure out fund computer glitch, FT reports
Bank of New York Mellon has experiencing problems with its mutual funds and exchange traded funds possibly reporting inaccurate prices, the Financial Times reports. The bank's computer systems are used to calculate net asset values of many funds and have suffered several problems since the start of the week, the report says. The resulting confusion might take days to clear up, and it is unclear whether investors are buying or selling funds at inaccurate prices, the report says. Reference Link
August 26, 2015
18:13 EDTGLNGGolar LNG sees shipping fleet utilizaton improving in Q3 vs. Q1
Golar reports that the lower gas price environment is triggering lower cost LNG production and the company believes this will create additional demand for the GoFLNG concept. A significant share of growth in the LNG market over the coming years is expected to come from LNG replacing coal and oil based power generation. The LNG shipping market remains under pressure and rates so far in 3Q have remained at levels around $25K-$30K per day. Utilization of the shipping fleet has however improved in Q3 versus Q1, the company added. The end of the commitment linked to Golar Eskimo and an improvement in utilization is likely to result in a solid improvement in Q2 operating results, according to the company.
18:10 EDTGLNGGolar LNG reports Q2 interim time and voyage charter revenues $16.92M
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August 25, 2015
16:07 EDTDLNGDynagas LNG sees growth opportunity in potential LNG carrier acquisition
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16:05 EDTDLNGDynagas LNG reports Q2 adjusted EPS 41c, consensus 42c
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August 24, 2015
10:10 EDTGLOGHigh option volume stocks
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August 19, 2015
17:27 EDTBKFDIC sues BNY Mellon over mortgage backed securities, Reuters reports
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August 18, 2015
12:00 EDTBKBNY Mellon pays $14.8M to settle FCPA Violations
The Securities and Exchange Commission announced that BNY Mellon has agreed to pay $14.8M to settle charges that it violated the Foreign Corrupt Practices Act by providing "student internships to family members of foreign government officials affiliated with a Middle Eastern sovereign wealth fund." The agency stated, "An SEC investigation found that BNY Mellon did not evaluate or hire the family members through its existing, highly competitive internship programs that have stringent hiring standards and require a minimum grade point average and multiple interviews. The family members did not meet the rigorous criteria yet were hired with the knowledge and approval of senior BNY Mellon employees in order to corruptly influence foreign officials and win or retain contracts to manage and service the assets of the sovereign wealth fund."
07:03 EDTGLOG, GLNGDynagas, GasLog, Golar LNG to establish, operate LNG Carrier Pool
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07:02 EDTGLOG, GLNG, DLNGDynagas, GasLog, Golar enter LNG Carrier Pool agreement
Dynagas (DLNG), GasLog (GLOG), and Golar LNG (GLNG), jointly announce that they have entered into an LNG carrier pooling agreement to market their vessels, which are currently operating in the LNG shipping spot market. Tony Lauritzen has agreed to take overall responsibility for the running of The Cool Pool and Morten Nielsen has been appointed as Pool Manager, with the mandate to schedule employment for each pool vessel. The Cool Pool will focus exclusively on charters of 12 months duration or less. The scheduling of employment opportunities in excess of 12 months will remain the mandate of the respective vessel owner. If a pool vessel is scheduled by an owner for a charter that exceeds 12 months in duration such vessel will cease to form part of the LNG Carrier Pool's fleet. It is anticipated that The Cool Pool will commence operation in September 2015.

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