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Stock Market & Financial Investment News

News Breaks
January 11, 2013
06:24 EDTBLK, PLGBlackRock reports 16.39% passive stake in Platinum Group
News For BLK;PLG From The Last 14 Days
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June 17, 2013
12:57 EDTBLKBlackRock to host investor day
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June 14, 2013
15:36 EDTBLKBlackRock volatility elevated into investor day
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11:16 EDTBLKBlackRock stock-fund leader taking medical leave, WSJ reports
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09:19 EDTPLGPlatinum Group provides WBJV Project 1 update
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05:56 EDTBLKBlackRock's stock funds fall behind many U.S. competitors, WSJ reports
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June 12, 2013
14:21 EDTBLKBlackRock volatility increases on wide price movement
BlackRock June and July call option implied volatility is at 28, October is at 27; compared to its 26-week average of 23 according to Track Data, suggesting larger price movement into a company hosted investor day on June 18.
June 7, 2013
10:11 EDTPLGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ARM Holdings (ARMH) initiated with a Hold at Topeka... American Software (AMSWA) initiated with a Buy at B. Riley... Amkor Technology (AMKR) initiated with a Buy at Topeka... Applied Micro Circuits (AMCC) initiated with a Hold at Topeka... Bank of America (BAC) initiated with an Underperform at Macquarie... Boulder Brands (BDBD) initiated with an Outperform at Imperial Capital... Broadcom (BRCM) initiated with a Buy at Topeka... Cadence Design (CDNS) initiated with a Buy at Topeka... Citigroup (C) initiated with an Outperform at Macquarie... Consolidated Water (CWCO) initiated with a Buy at Roth Capital... Cornerstone OnDemand (CSOD) initiated with an Equal Weight at Stephens... Crosstex Energy LP (XTEX) initiated with a Buy at Citigroup... Demandware (DWRE) initiated with an Overweight at Stephens... Freescale (FSL) initiated with a Buy at Topeka... Garmin (GRMN) initiated with an Outperform at Raymond James... Goldman Sachs (GS) coverage resumed with a Neutral at Macquarie... Mellanox (MLNX) initiated with a Hold at Topeka... Morgan Stanley (MS) initiated with an Outperform at Macquarie... Myriad Genetics (MYGN) initiated with a Buy at Cantor... NXP Semiconductors (NXPI) initiated with a Buy at Topeka... Piedmont Natural Gas (PNY) initiated with a Hold at BB&T... Platinum Group (PLG) initiated with an Outperform at BMO Capital... Qualcomm (QCOM) initiated with a Hold at Topeka... Rambus (RMBS) initiated with a Buy at Topeka... Spreadtrum (SPRD) initiated with a Buy at Topeka... Steven Madden (SHOO) initiated with an Overweight at Piper Jaffray... Take-Two (TTWO) initiated with a Buy at Stifel... Wolverine World Wide (WWW) initiated with a Neutral at Piper Jaffray.
08:17 EDTBLKPIMCO supports BofA's $8.5B mortgage settledment, Bloomberg reports
Bank of America's (BAC) $8.5B mortgage-bond settlement is “outstanding” for investors, says Kent Smith, an executive VP at Pimco who helped negotiate the agreement, and who testified in a trial over the agreement, reports Bloomberg. The settlement was reached after an investor group that included Pimco and BlackRock (BLK) at first demanded $12B. The accord resolves claims from Countrywide Financial mortgage-bond investors over loans bundled into securities. AIG (AIG) is fighting the settlement, saying Bank of America isn’t paying enough to compensate investors. Reference Link
08:05 EDTPLGPlatinum Group initiated with an Outperform at BMO Capital
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June 6, 2013
07:17 EDTBLKPershing to host a conference
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June 4, 2013
13:22 EDTBLKBlackRock close to purchase of Gafisa unit, Dow Jones reports
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07:54 EDTBLKMorningstar Research to host a conference
10th Annual Investment Conference is being held in Toronto on June 4-5.
07:53 EDTBLKDeutsche Bank to host a conference
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