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Stock Market & Financial Investment News

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January 11, 2013
10:12 EDTVIAB, MXIM, VIA, F, NSM, THC, NRG, EIX, CNP, PM, MR, DNDN, BKD, WEC, OAS, FRX, CYHOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Brookdale Senior Living (BKD) upgraded to Buy from Neutral at BofA/Merrill.... CenterPoint Energy (CNP) upgraded to Outperform from Sector Perform at RBC Capital... Community Health (CYH) upgraded to Buy from Neutral at BofA/Merrill... Dendreon (DNDN) upgraded to Outperform from Market Perform at Bernstein... Edison International (EIX) upgraded to Buy from Neutral at Goldman... Forest Labs (FRX) upgraded to Neutral from Sell at Goldman... Mindray Medical (MR) upgraded to Buy from Neutral at Goldman... NRG Energy (NRG) upgraded to Conviction Buy from Buy at Goldman... Oasis Petroleum (OAS) upgraded to Outperform from Market Perform at Wells Fargo... Philip Morris (PM) upgraded to Conviction Buy from Buy at Goldman... Tenet Healthcare (THC) upgraded to Buy from Neutral at BofA/Merrill... Wisconsin Energy (WEC) upgraded to Neutral from Sell at Goldman... Ford (F) upgraded to Conviction Buy from Buy at Goldman... Maxim Integrated (MXIM) upgraded to Overweight from Neutral at JPMorgan... Viacom (VIA) upgraded to Buy from Neutral at Janney Capital... Nationstar (NSM) upgraded to Buy from Neutral at Sterne Agee.
News For BKD;CNP;CYH;DNDN;EIX;FRX;MR;NRG;OAS;PM;THC;WEC;F;MXIM;NSM;VIA;VIAB From The Last 14 Days
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July 16, 2015
16:00 EDTFOptions Update; July 16, 2015
iPath S&P 500 VIX Short-Term Futures down 1.17 to 16.52 Option volume leaders: NFLX AAPL BAC FB F INTC C EBAY AMZN GM JPM MU PFE BABA JD X
13:52 EDTFGM slips after Barclays downgrades auto sector on China downturnbw
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12:12 EDTPMOn The Fly: Top stock stories at midday
Stocks began the session in positive territory after Greece's Parliament approved austerity measures that should pave the way for the country to receive a new bailout package. With earnings season gaining steam and the situations in Greece and China appearing more stable in recent days, the S&P and Nasdaq are back within striking distance of their all-time highs. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped to 281,000 in the week ended July 11, versus expectations for 285,000 first-time claims. The NAHB homebuilder sentiment index for July came in at 60, a point better than forecast. The Philly Fed business outlook index dropped 9.5 points to 5.7 in July, falling short of the 12.0 reading that was expected. In Europe, Greek lawmakers passed the country's austerity agreement and Euro-area finance ministers also reportedly agreed in principle to extend a $7.6B bridge loan to Greece. The loan, which will come from the European Financial Stabilization Mechanism, should help keep Greece afloat while Prime Minister Alexis Tsipras negotiates the details of the country's three-year bailout. COMPANY NEWS: Netflix (NFLX) rallied 16% and hit a split-adjusted all-time high of $114.45 per share after the streaming service operator reported stronger than expected second quarter results, including higher than expected Q2 subscriber metrics, prompting a large number of research firms to raise their price targets on the stock... The third-largest U.S. bank, Citigroup (C), posted second quarter profit, excluding adjustments and one-time items, of $1.45 per share, beating the $1.34 average estimate of analysts. Goldman Sachs (GS) reported Q2 earnings per share of $1.98, which fell far short of the consensus forecast of $3.89. However, the firm recorded $1.45B in net provisions for litigation and regulatory matters, which reduced EPS for the quarter by $2.77. Goldman Chairman and CEO Lloyd Blankfein said the bank was "pleased" with its quarterly performance, adding that while "uncertainty in the EU" weighed on investors’ conviction, many of its businesses continued to benefit from generally improving economic conditions. Citi shares rose 3.5% following its report, while Goldman shares slipped a bit more than 1.5%... eBay (EBAY), which is set to split from PayPal (PYPL) in just a few days, reported better than expected earnings for the still-combined company. eBay also announced an additional $1B stock repurchase authorization, bringing its total buyback allowance to $3B, and confirmed it reached a deal to sell eBay Enterprise to a consortium consisting of Sterling Partners, Permira Funds and others for $925M. MAJOR MOVERS: Among the notable gainers was Amira Nature Foods (ANFI), which advanced 16% after the company reported earnings and said it sees "double-digit" revenue growth in its new fiscal year. Also higher was Philip Morris (PM), which gained 3% after reporting better than expected earnings and revenue, excluding certain items. Among the noteworthy losers was Rovi (ROVI), which dropped 16.5% after Netflix was granted a motion of summary judgment invalidating all five of the remaining Rovi patents that were being contested in litigation between the companies. Also lower was Garmin (GRMN), which fell 9% after reporting preliminary Q2 earnings that fell short of expectations, citing the negative impact of currency movements and a "more promotional pricing environment" in the fitness segment. INDEXES: Near midday, the Dow was up 35.47, or 0.2%, to 18,085.64, the Nasdaq was up 54.08, or 1.06%, to 5,153.02, and the S&P 500 was up 14.10, or 0.67%, to 2,121.50.
10:00 EDTCYHOn The Fly: Analyst Downgrade Summary
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10:00 EDTWEC, VIAB, VIAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Arc Logistics (ARCX) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Buy from Hold at Deutsche Bank... FreightCar America (RAIL) upgraded to Neutral from Sell at UBS... Frontier Communications (FTR) upgraded to Buy from Hold at Jefferies... Google (GOOG) upgraded to Outperform from Market Perform at BMO Capital... Intel (INTC) upgraded to Buy from Hold at Needham... Medtronic (MDT) upgraded to Buy from Neutral at BTIG... Netflix (NFLX) upgraded to Buy from Neutral at Rosenblatt... New Jersey Resources (NJR) upgraded to Buy from Hold at Argus... ONEOK Partners (OKS) upgraded to Outperform from Perform at Oppenheimer... Patterson-UTI (PTEN) upgraded to Overweight from Equal Weight at Morgan Stanley... SJM Holdings (SJMHY) upgraded to Overweight from Underweight at JPMorgan... Statoil (STO) upgraded to Buy from Neutral at Citi... SunOpta (STKL) upgraded to Outperform from Sector Perform at Scotia Howard Weil... Viacom (VIAB) upgraded to Neutral from Sell at Citi... Walgreens Boots Alliance (WBA) upgraded to Outperform from Neutral at Credit Suisse... Werner (WERN) upgraded on 'compelling' valuation at Wells Fargo... Wisconsin Energy (WEC) upgraded to Outperform from Neutral at Baird... voxeljet (VJET) upgraded to Overweight from Neutral at Piper Jaffray.
09:08 EDTPMOn The Fly: Pre-market Movers
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09:00 EDTPMAltria expands strategic framework with Philip Morris for e-vapor products
Altria (MO) announced that it is expanding its strategic framework with Philip Morris International (PM) to include a joint research, development and technology-sharing agreement. Under the agreement, Altria and PMI will collaborate to develop e-vapor products for commercialization in the United States by Altria and in markets outside the United States by PMI. The Agreement also provides for exclusive technology cross licenses, technical information sharing and cooperation on scientific assessment, regulatory engagement and approval related to e-vapor products.
07:34 EDTFEuropean June car sales grow on expanded economy, Bloomberg says
European car sales growth accelerated to its fastest pace in five and a half years in June as Volkswagen (VLKAY), PSA Peugeot Citroen (PUGOY), and Ford (F) brought in new customers with newer models and an expanding economy, Bloomberg reports. Registrations rose 15% to 1.41M vehicles from 1.23M last year, the report says, citing data from the European Automobile Manufacturers' Association, or ACEA. Reference Link
07:34 EDTNSMNationstar a 'show me' story, says UBS
UBS lowered their estimates and price target on Nationstar to reflect reduced capital deployment and margin performance and said the stock is now a "show me" story. The firm, however, believes the stock's correction is "well over done" and expects earnings improvement starting in Q2 to be a turning point. UBS reiterated its Buy rating but lowered its price target to $40 from $45 on Nationstar shares.
07:30 EDTVIA, VIABViacom upgraded to Neutral from Sell at Citi
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07:13 EDTPMPhilip Morris, Swedish Match to dissolve smokeless JV
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07:06 EDTPMPhilip Morris CEO says Q2 results 'very solid'
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07:04 EDTPMPhilip Morris sees being near high end of FY15 adjusted EPS growth of 9%-11%
PMI reaffirms its FY15 reported diluted EPS forecast of $4.32-$4.42, at prevailing exchange rates. On an adjusted basis, diluted EPS are projected to increase in the range of 9%-11% versus adjusted diluted EPS of $5.02 in 2014, with PMI anticipating that its currency-neutral adjusted diluted EPS growth rate will be towards the upper end of 9%-11%. Consensus $4.41. "While currency headwinds remain stubbornly high, we are ever focused on the prudent management of cash flow. We are committed to returning around 100% of our free cash flow to shareholders, said CEO Andre Calantzopoulos.
07:01 EDTPMPhilip Morris reports Q2 adjusted EPS $1.21, consensus $1.13
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06:36 EDTCYHCommunity Health downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc downgraded Community Health to Sector Weight based on valuation and limited opportunities for upside to earnings growth.
06:29 EDTWECWisconsin Energy upgraded to Outperform from Neutral at Baird
Baird upgraded Wisconsin Energy to Outperform and increased its price target to $54 from $50. The firm said Wisconsin Energy's acquisition of Integrys Energy increases the regulatory base by approximately 70% and doubles capex opportunities projected over the next 10 years. Baird believes Wisconsin is well positioned to execute on pipeline and capital investments, which will enhance margins and reduce regulatory activity.
July 15, 2015
16:08 EDTTHCTenet, Dignity, Ascension announce partnership for Carondelet Health Network
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14:53 EDTPMNotable companies reporting before tomorrow's open
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13:42 EDTPMPhilip Morris technical comments before earnings
On a long-term chart the shares have been in a slow, stable, decline since hitting a peak of price in April 2013. That trend has moderated somewhat in recent months, leaving shares range-bound. That range seen in a long-term view is the bearish price channel since 2013. In a closer short-term view, there is quite a bit of volatility within the channel bounds. If the news is bearish, a key level to watch on the downside is the 52-week low at $75.27. A breakdown below that level would see the downtrend accelerate. If the news is a bullish surprise, a trade up to the top of the long-term channel at the $87 area would be the level to watch. An eventual breakout post-earnings above that area would turn the trend toward bullish with next resistance at $87.92.
13:29 EDTFFord temporarily stops Edge sales to fix malfunction, AP reports
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