New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 3, 2014
10:00 EDTTD, NXST, DL, BNS, EGP, SLF, MFC, CNO, BMO, FII, SBGI, FXEN, CMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Bank of Montreal (BMO) initiated with an Outperform at RBC Capital... Bank of Nova Scotia (BNS) initiated with an Outperform at RBC Capital... CIBC (CM) initiated with a Sector Perform at RBC Capital... CNO Financial (CNO) initiated with a Buy at Citigroup... China Distance Education (DL) assumed with an Overweight at Piper Jaffray... FX Energy (FXEN) initiated with a Buy at Roth Capital... LIN Media (LIN) initiated with an Outperform at Wedbush... Manulife Financial (MFC) initiated with an Outperform at RBC Capital... Nexstar (NXST) initiated with a Neutral at Wedbush... Sinclair Broadcast (SBGI) initiated with an Outperform at Wedbush... Sun Life Financial (SLF) initiated with a Sector Perform at RBC Capital... Toronto-Dominion (TD) initiated with an Outperform at RBC Capita... Federated Investors (FII) initiated with a Buy at Argus... EastGroup Properties (EGP) initiated with a Neutral at ISI Group.
News For BMO;BNS;CM;CNO;DL;FXEN;MFC;NXST;SBGI;SLF;TD;FII;EGP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 21, 2014
07:01 EDTNXSTNexstar to acquire Las Vegas CBS affiliate KLAS-TV for $145M
Nexstar Broadcasting Group (NXST) announced that it has entered into a definitive agreement to acquire the equity interests and assets of KLAS-TV, the CBS (CBS) affiliate serving the Las Vegas, Nevada market for $145M plus working capital from Landmark Media Enterprises, LLC. The proposed acquisition is expected to be immediately accretive to Nexstar’s operating results immediately upon closing and inclusive of all other previously announced transactions, will expand the Company’s portfolio to 110 television stations serving 58 markets in 23 states, reaching approximately 20.3 million television households or 18% of U.S. television households. Nexstar intends to finance the station acquisition with cash generated from operations and borrowings under its senior credit facilities and/or additional capital markets activities. The transaction is subject to FCC approval and other customary approvals, and is expected to close in the first half of 2015. the acquisition, on a pro-forma basis, is expected to add an average of approximately 40c per share of free cash flow per year to Nexstar’s operating results over the 2015/2016 period.
November 19, 2014
13:56 EDTDLChina Distance Education upgraded to Outperform from Neutral at Credit Suisse
Subscribe for More Information
07:37 EDTMFCCitigroup to hold a conference
Global Financial Conference is being held in Singapore on November 19-20.
November 18, 2014
17:04 EDTDLChina Distance Education sees FY15 revenue $123.4M-$128.3M, consensus $114.53M
17:03 EDTDLChina Distance Education sees Q1 revenue $20M-$20.9M, consensus $23.20M
Subscribe for More Information
17:02 EDTDLChina Distance Education reports Q4 EPS 37.5C, consensus 30c
Subscribe for More Information
November 14, 2014
07:37 EDTNXSTLocal media ad market looks positive, says Wells Fargo
Subscribe for More Information
06:31 EDTMFCManulife sees using cash for growth, acquisitions, dividends, Reuters reports
Manulife Financial says share buyouts are not "high" on its priority list, but says other possible uses for its cash include internal growth, acquisitions and dividends, Reuters reports. Reference Link
November 13, 2014
16:19 EDTCNOCNO Financial raises securities repurchase authorization by $400M
Subscribe for More Information
14:30 EDTNXSTRoystone Capital reports 6.03% passive stake in Nexstar
Subscribe for More Information
05:57 EDTMFCManulife Financial reports Q3 EPS C$0.57 vs. C$0.54 last year
Subscribe for More Information
November 12, 2014
15:29 EDTMFCNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.12; Viacom (VIAB), consensus $1.68; Tyco (TYC), consensus 56c; Kohl's (KSS), consensus 74c; Helmerich & Payne (HP), consensus $1.67; Sally Beauty (SBH), consensus 40c; Manulife Financial (MFC), consensus 40c; TransDigm (TDG), consensus $2.02; MAXIMUS (MMS), consensus 52c.
10:00 EDTEGPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Advent Software (ADVS) initiated with a Neutral at BofA/Merrill... Agios Pharmaceuticals (AGIO) initiated with a Buy at Canaccord... Ashford Hospitality (AHT) initiated with a Neutral at Credit Suisse... AvalonBay (AVB) initiated with a Neutral at Credit Suisse... Berkshire Hills Bancorp (BHLB) initiated with a Buy at Compass Point... Boston Properties (BXP) initiated with an Outperform at Credit Suisse... Brandywine Realty (BDN) initiated with a Neutral at Credit Suisse... Brookline Bancorp (BRKL) initiated with a Neutral at Compass Point... CNH Industrial (CNHI) initiated with an Underperform at Macquarie... Camden Property (CPT) initiated with a Neutral at Credit Suisse... Care.com (CRCM) initiated with a Buy at Craig-Hallum... Corporate Office Properties (OFC) initiated with an Underperform at Credit Suisse... DCT Industrial (DCT) initiated with an Underperform at Credit Suisse... DDR Corp. (DDR) initiated with a Neutral at Credit Suisse... Demandware (DWRE) initiated with a Buy at Mizuho... DiamondRock (DRH) initiated with a Neutral at Credit Suisse... Douglas Emmett (DEI) initiated with a Neutral at Credit Suisse... EastGroup Properties (EGP) initiated with an Underperform at Credit Suisse... Equity One (EQY) initiated with a Neutral at Credit Suisse... Equity Residential (EQR) initiated with a Neutral at Credit Suisse... Essex Property Trust (ESS) initiated with a Neutral at Credit Suisse... Forest City (FCE.A) initiated with an Outperform at Credit Suisse... General Growth (GGP) initiated with a Neutral at Credit Suisse... Host Hotels (HST) initiated with a Neutral at Credit Suisse... Hudson Pacific (HPP) initiated with an Outperform at Credit Suisse... Kilroy Realty (KRC) initiated with an Underperform at Credit Suisse... Kimco Realty (KIM) initiated with an Outperform at Credit Suisse... LaSalle Hotel (LHO) initiated with an Outperform at Credit Suisse... Macerich (MAC) initiated with a Neutral at Credit Suisse... MasterCard (MA) initiated with a Hold at Topeka... NetApp (NTAP) initiated with a Buy at Maxim... Pebblebrook Hotel (PEB) initiated with an Outperform at Credit Suisse... Prologis (PLD) initiated with an Outperform at Credit Suisse... RLJ Lodging Trust (RLJ) initiated with an Outperform at Credit Suisse... Regency Centers (REG) initiated with a Neutral at Credit Suisse... Ryerson (RYI) initiated with a Buy at Deutsche Bank... SL Green Realty (SLG) initiated with an Underperform at Credit Suisse... Simon Property (SPG) initiated with an Outperform at Credit Suisse... Strategic Hotels (BEE) initiated with a Neutral at Credit Suisse... Sunstone Hotel (SHO) initiated with an Outperform at Credit Suisse... Taubman Centers (TCO) initiated with an Outperform at Credit Suisse... UDR, Inc. (UDR) initiated with a Neutral at Credit Suisse... VWR (VWR) initiated with a Neutral at Citigroup... VeriFone (PAY) initiated with a Buy at Topeka... Visa (V) initiated with a Hold at Topeka... Vornado (VNO) initiated with a Neutral at Credit Suisse... Westfield Financial (WFD) initiated with a Buy at Compass Point... XPO Logistics (XPO) initiated with an Outperform at Cowen.
10:00 EDTCNOOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:07 EDTCNOCNO Financial downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley downgraded CNO Financial to Equal Weight due to valuation. Price target raised to $20 from $19.50.
November 11, 2014
16:14 EDTEGPEastGroup Properties initiated with an Underperform at Credit Suisse
Subscribe for More Information
11:01 EDTSBGISinclair Broadcast promotes Delbert Parks to Chief Technology Officer
Subscribe for More Information
November 10, 2014
16:02 EDTFXENFX Energy reports Q3 adjusted EPS (6c), consensus (4c)
Subscribe for More Information
07:03 EDTFXENFX Energy reports drilling results at Baraniec well, Angowice well
FX Energy reported that the Baraniec-1 well was drilled to approximately 4,000 meters. At approximately 3,900 meters the well encountered a 48 meter gas saturated section of tight Rotliegend sandstone with 10-12% porosity. Two separate drill stem tests were performed with sub-commercial results and the well was plugged and abandoned. At the same time, logs, cores and test data are being analyzed to determine whether there is a technical solution for achieving commercial results from this tight gas reservoir. The Baraniec-1 well is located in the Fences license in western Poland where the Polish Oil and Gas company is the operator and owns 51% of the working interest; FX Energy owns 49% of the working interest. The company also reported that the Angowice-1 well is currently drilling at a depth of 2,276 meters. The main target is a Devonian carbonate buildup similar on seismic expression to the productive horizon at the Company's Tuchola field. The Angowice-1 is planned to drill to a total depth of approximately 3,500 meters with multiple targets in the middle and lower Zechstein and the upper and middle Devonian. The well is testing one of four structural features clustered in an area approximately 12 kilometers northwest of the company's Tuchola field. The Angowice-1 well is located in the Edge license in northwestern Poland where the Company is the operator and owns 100% of the working interest.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use