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Stock Market & Financial Investment News

News Breaks
January 3, 2014
10:00 EDTEGP, SLF, MFC, CNO, BMO, FII, SBGI, FXEN, CM, TD, NXST, DL, BNSOn 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
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May 20, 2015
12:55 EDTDLChina Distance Education can still grow 20% this year, says Piper Jaffray
Piper Jaffray thinks China Distance Education can continue to grow in the 20% range both this year and next despite the weaker than expected FY15 outlook. Piper attributes a "meaningful portion" of the guidance miss to exam timing that will push revenue into Q1 from Q4. It believes the guidance reset will allow China Distance to get back to exceeding expectations. Piper lowered its price target for shares to $22 from $28 and maintains an Overweight rating on the name.
10:00 EDTBNSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Achillion (ACHN) downgraded on valuation at JMP Securities... Ashland (ASH) downgraded to Equal-Weight from Overweight at First Analysis... Bank of Nova Scotia (BNS) downgraded to Underperform from Neutral at BofA/Merrill... Braskem (BAK) downgraded to Neutral from Overweight at JPMorgan... Comerica (CMA) downgraded to Underperform at Baird... Crestwood Midstream (CMLP) downgraded to Neutral from Buy at Ladenburg... Fifth Third (FITB) downgraded to Neutral from Outperform at Baird... Keurig Green Mountain (GMCR) downgraded to Hold from Buy at Argus... Keysight Technologies (KEYS) downgraded to Neutral from Outperform at Baird... Leju (LEJU) downgraded to Underperform from Buy at CLSA... Marrone Bio (MBII) downgraded to Hold from Buy at Jefferies... Southwest (LUV) downgraded to Neutral from Buy at Buckingham... SunTrust (STI) downgraded to Market Perform from Outperform at Keefe Bruyette... Western Alliance (WAL) downgraded to Market Perform from Outperform at Keefe Bruyette.
09:25 EDTDLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: American Eagle Outfitters (AEO), up 8.6%... Computer Sciences (CSC), up 4.1%. ALSO HIGHER: Sarepta Therapeutics (SRPT), up 44.5% after announcing plans for rolling eteplirsen NDA... Genocea Biosciences (GNCA), up 22.5% after GEN-003 Phase 2 trial met primary endpoint... IsoRay (ISR), up 31.7% after Cesium-131 reports 96% success in local control and 100% survival in 5 years... AVEO Pharmaceuticals (AVEO), up 15.7% after presenting results of extension study 902 and gets FDA feedback for tivozanib... Pep Boys (PBY), up 12.5% following reports that potential buyer have approached the company about a possible takeover. DOWN AFTER EARNINGS: Etsy (ETSY), down 19.5%... China Distance Education (DL), down 7.7%... Keysight Technologies (KEYS), down 5.7%.... Lowe's (LOW), down 5.2%. ALSO LOWER: Lpath (LPTN), down 75.6% after announcing that it will undergo corporate restructuring... Achillion Pharmaceuticals (ACHN), down 10.1% following collaboration for HCV with Janssen... El Pollo LoCo (LOCO), down 3.5% after 6M share Block Trade priced at $22.25... Cimarex Energy (XEC), down 3.3% after 6M share Spot Secondary priced at $109.00.
06:29 EDTBNSBank of Nova Scotia downgraded to Underperform from Neutral at BofA/Merrill
May 19, 2015
17:05 EDTDLChina Distance Education lowers FY15 revenue view to $116.6M-$121.5M
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17:03 EDTDLChina Distance Education sees Q3 revenue $27.5M-$28.7M, consensus $33M
Representing year-over-year growth of approximately 10%-15%.
17:02 EDTDLChina Distance Education reports Q2 adjusted EPS 5c, consensus 3c
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09:04 EDTSBGISinclair Broadcast division to televise MiLB's games
The American Sports Network, a division of Sinclair Networks Group, announced that ASN has reached an agreement with Minor League Baseball, or MiLB, to televise a weekly game this summer. The new series, called "Minor League Baseball Sunday Showcase" will debut with a Pacific Coast League matchup between the Iowa Cubs and the El Paso Chihuahuas on Sunday, May 31, at Southwest University Park in El Paso, Texas.
May 18, 2015
08:11 EDTNXSTGray Television Nexstar outlook attractive, says Wells Fargo
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May 14, 2015
10:00 EDTBMOOn The Fly: Analyst Downgrade Summary
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08:13 EDTBMOBank of Montreal downgraded to Hold from Buy at TD Securities
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06:25 EDTMFC, SLFStandard Chartered seeks buyers for Hong Kong pension unit, Reuters reports
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May 13, 2015
07:16 EDTNXSTMoffett Nathanson to hold a summit
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May 12, 2015
15:35 EDTSBGISinclair Broadcast announces distribution deal with Chideo
Chideo announced a first-of-its-kind partnership with Sinclair Broadcast Group to expand Chideo's reach by 42 million households. Through this unique distribution deal, Sinclair will connect its broadcast and digital audience with Chideo's inspirational and entertaining content all to benefit the world's leading charities. Sinclair's 161 local television stations will provide much-needed public awareness for these causes, as well as direct financial support from the sale of advertising and sponsorships around Chideo's rich collection of exclusive content from more than 100 celebrity ambassadors.
14:13 EDTBMOBove says it may be time to buy bank stocks
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07:48 EDTBMO, SLFStandard & Poor's to hold a summit
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May 11, 2015
16:03 EDTFXENFX Energy reports Q1 EPS (36c), may not compare to consensus (4c)
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06:54 EDTCNOCNO Financial files automatic mixed securities shelf
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May 8, 2015
12:57 EDTMFCManulife Financial to host investor day
Investor Day to be held in Toronto on May 11 at 8:30 am. Webcast Link
10:48 EDTNXSTJPMorgan broadcasting analysts hold analyst/industry conference call
Broadcasting Analysts, along with Gannett Broadcasting President Lougee, E.W. Scripps Senior Vice President of Television Lawlor, TVB CEO Lanzano and Nexstar Broadcasting CEO Sook discuss the Broadcasting Industry outlook on an Analyst/Industry conference call to be held on May 8 at 11 am.
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