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Stock Market & Financial Investment News

News Breaks
July 2, 2014
10:00 EDTHRL, CJES, BNPQY, VE, NGLS, MM, HOG, BMY, USB, SBS, DLAKY, EPB, BZH, TRMB, OHIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BNP Paribas (BNPQY) downgraded to Neutral from Overweight at HSBC... Beazer Homes (BZH) downgraded to Neutral from Buy at Sterne Agee... Bristol-Myers (BMY) downgraded to Equal Weight from Overweight at Barclays... C&J Energy (CJES) downgraded to Equal Weight at Stephens... El Paso Pipeline (EPB) downgraded to Sell from Neutral at Goldman... Harley-Davidson (HOG) downgraded to Market Perform from Strong Buy at Raymond James... Hormel Foods (HRL) downgraded at Credit Suisse... Lufthansa (DLAKY) downgraded to Equal Weight from Overweight at Barclays... Millennial Media (MM) downgraded at Evercore... Omega Healthcare (OHI) downgraded to Neutral from Buy at Goldman... Saneamento Basico (SBS) downgraded to Sector Perform from Outperform at Scotia... Targa Resources Partners (NGLS) downgraded to Equal Weight at Barclays... Trimble (TRMB) downgraded to Neutral from Buy at Janney Capital... U.S. Bancorp (USB) downgraded at RW Baird... Veolia Environment (VE) downgraded to Equal Weight from Overweight at Morgan Stanley.
News For BNPQY;BZH;BMY;CJES;EPB;HOG;HRL;DLAKY;MM;OHI;SBS;NGLS;TRMB;USB;VE From The Last 14 Days
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July 21, 2015
07:08 EDTHOGHarley-Davidson: Q2 results in line following currency pressures
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07:07 EDTHOGHarley-Davidson expects to ship 54K-59K motorcycles in Q3
In the third quarter, the company expects to ship 54,000 to 59,000 motorcycles compared to 50,670 motorcycles shipped in the year-ago period.
07:07 EDTHOGHarley-Davidson expects to ship 276K-281K motorcycles in 2015
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07:05 EDTHOGHarley-Davidson reports Q2 EPS $1.44, consensus $1.39
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July 20, 2015
15:01 EDTHOGNotable companies reporting before tomorrow's open
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14:40 EDTHOGHarley-Davidson technical comments before earnings
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12:45 EDTHOGEarnings Watch: Analysts split on Harley-Davidson ahead of report
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12:09 EDTBMYBristol-Myers says Nivolumab BMS approved in EU for SQ NSCLC
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12:08 EDTBMYOn The Fly: Top stock stories at midday
Stocks on Wall Street were slightly higher at midday in the first trading day of a week that will be light on domestic economic data but heavy on earnings reports. Investors will be receiving profit reports from about 25% of the companies on the S&P 500 this week, making this the highest volume earnings week of this season. ECONOMIC EVENTS: In the U.S., no major data was released. In Europe, Greece reopened its banks three weeks after closing as the country worked out another bailout agreement. The country announced it has started the process of paying off its creditors, including the European Central Bank and the International Monetary Fund, with a bridge loan it just received. COMPANY NEWS: Lockheed Martin (LMT) agreed to buy the Sikorsky Aircraft business from United Technologies (UTX) for $9B, noting the price is "effectively reduced" to $7.1B after taking into account tax benefits resulting from the transaction. Shares of Lockheed, which also reported better than expected second quarter results and increased its fiscal year guidance, gained nearly 2% after the Sikorsky announcement and saying it will conduct a strategic review of its government IT infrastructure services business and technical services business... Shares of Morgan Stanley (MS) shares were little changed near noon after the bank reported earnings and revenue, excluding certain adjustments, that topped analysts' consensus forecasts... SunEdison (SUNE) announced a deal to acquire Vivint Solar (VSLR) for approximately $2.2B, payable in a combination of cash, shares of SunEdison common stock and SunEdison convertible notes. In connection with the proposed acquisition of Vivint Solar, SunEdison has entered into a definitive purchase agreement with a subsidiary of TerraForm Power (TERP) which, concurrently with the completion of SunEdison's acquisition of Vivint, will acquire Vivint Solar's rooftop solar portfolio, consisting of 523 MW expected to be installed by year-end 2015, for $922M in cash. Shares of Vivint rose 44% following the announcement, while SunEdison's stock gained 4% and TerraForm dropped 3%. Fellow residential solar installer SolarCity (SCTY), which is backed by Tesla's (TSLA) Elon Musk, rose 7% following the deal in the space. MAJOR MOVERS: Among the notable gainers was Exelixis (EXEL), which rallied 43% after the company reported that a study of cabozantinib in metastatic renal cell carcinoma met its primary endpoint of significant improvement in progression-free survival. The shares were indicated to rise even more in early pre-market trading, but lost some of their gains after Bristol-Myers (BMY) announced that its Opdivo study was stopped early after showing superior overall survival in a Phase 3 study of previously treated patients with advanced or metastatic renal cell carcinoma. Bristol-Myers rose a bit less than 1% to trade near $70 per share after its own announcement. Also higher was PayPal (PYPL), which gained more than 5.5% in its first day of trading after being spun out of eBay (EBAY). Meanwhile, eBay shares rose over 2%. Cal-Maine Foods (CALM) dropped 8% after posting lower than expected sales and profits in its fourth quarter and warning that while it should have an adequate supply of its primary feed ingredients, the company expects that prices will be "volatile" in the year ahead. Also lower were shares of several gold miners, including Barrick Gold (ABX) and Newmont Mining (NEM), which each fell about 11%, as gold prices declined about 2% near midday. INDEXES: Near midday, the Dow was up 31.66, or 0.18%, to 18,118.11, the Nasdaq was up 9.81, or 0.19%, to 5,219.96, and the S&P 500 was up 2.82, or 0.13%, to 2,129.46.
10:50 EDTHOGHarley-Davidson August volatility increases into Q2 and outlook
Harley-Davidson August call option implied volatility is at 40, November is at 30; compared to its 52-week range of 17 to 39, suggesting large near term price movement into the expected release of Q2 results on July 21.
08:28 EDTBMYExelixis off highs, but still up 34% after Bristol-Myers data
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08:05 EDTBMYBristol-Myers says Phase III study evaluating Opdivo stopped early
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07:33 EDTBMYInternational AIDS Society to hold a conference
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July 19, 2015
19:12 EDTUSBFederal Reserve proposes changes to 'stress test' regulations
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July 17, 2015
16:55 EDTCJESC&J Energy announces filing of shelf registration statements
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July 16, 2015
10:00 EDTCJESOn The Fly: Analyst Initiation Summary
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09:22 EDTBMYBristol-Myers says EU approves Evotaz for treatment of HIV-1 infection in adults
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09:01 EDTBMYuniQure has reached compelling entry point, says Roth Capital
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07:40 EDTCJESC&J Energy initiated with a Neutral at Citi
Target $13.
07:03 EDTCJESC&J Energy files automatic mixed securities shelf
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