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July 2, 2014
10:00 EDTSBS, DLAKY, EPB, BZH, TRMB, OHI, HRL, CJES, BNPQY, VE, NGLS, MM, HOG, BMY, USBOn 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.
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March 23, 2015
06:43 EDTNGLSTarga Resources Partners upgraded to Buy from Hold at Jefferies
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March 20, 2015
16:09 EDTCJESC&J Energy shareholders approve pending merger with Nabors Industries
C&J Energy Services (CJES) announced that at a special stockholder meeting, C&J stockholders approved, among other matters, the proposed merger contemplated by the Agreement and Plan of Merger, dated as of June 25, 2014, by and among C&J, Nabors Industries (NBR), Nabors Red Lion Limited, Nabors CJ Merger Co. and CJ Holding Co. If the merger of C&J with Nabors' completion and production services business is completed, Nabors CJ Merger Co., a direct wholly-owned subsidiary of Red Lion, will merge with and into C&J, with C&J surviving as a wholly-owned subsidiary of Red Lion. In connection with the closing of the Merger, Red Lion will change its name to "C&J Energy Services Ltd." and will be listed on the New York Stock Exchange under the ticker "CJES".
10:00 EDTTRMBOn The Fly: Analyst Initiation Summary
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09:14 EDTBZHBeazer Homes management to meet with JPMorgan
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08:55 EDTCJESC&J Energy to host special shareholder meeting
Special Shareholder Meeting to consider and vote on the proposed merger with Nabors Industries will be held in Houston, Texas on March 20 at 10 am.
07:55 EDTBMYAstraZeneca seen as potential target again if oncology drugs lag, Bloomberg says
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07:38 EDTDLAKYLufthansa pilot strike extended to Saturday, WSJ says
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March 19, 2015
19:02 EDTTRMBTrimble initiated with a Neutral at Goldman
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11:53 EDTUSBU.S. banks face headwinds in unloading oil loans, WSJ says
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09:49 EDTDLAKYLufthansa expects to operate 75% of flights despite strike, AFP reports
Lufthansa aims to operate approximately 75% of flights on Friday despite a third consecutive day of pilot strikes, reports the AFP. A company spokesman said, "We're assuming for the moment that the number of flights that can take off and land tomorrow will be of the same magnitude as on Wednesday... We're counting on around three quarters of all flights in the entire Lufthansa group -- including Swiss, Austrian and Germanwings -- going ahead." Reference Link
05:23 EDTSBSSABESP announces agreement with State of Sao Paulo, DAEE
SABESP, pursuant to CVM Instruction 358 of January 3, 2002 and amendments thereto, hereby informs its shareholders and the market in general that, on March 18, the company, the State of Sao Paulo and the Department of Water and Electricity - DAEE, with the intervention of the Department of Sanitation and Water Resources, executed a Term of Agreement. The amount of the current agreement is R$1.01B, of which R$696.28M refers to the principal and R$316.03M refers to the monetary adjustment of the principal until February.
March 18, 2015
08:04 EDTNGLSTarga Resources Partners resumed with a Market Perform at Wells Fargo
Price target range $41-$45.
06:07 EDTDLAKYLufthansa pilots begin two-day strike, Reuters says
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March 17, 2015
11:34 EDTDLAKYLufthansa cancels 750 flights due to impending pilots strike, Reuters reports
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March 16, 2015
08:01 EDTNGLSTarga Resources added to Top Picks List at UBS
UBS added Targa Resources (TRGP) to its Top Picks List as they believe the combined models of it and Targa Resources Partners (NGLS) will provide new growth opportunities, but also increased commodity exposures. As a result, UBS maintains its Buy rating but lowers its price target to $118 from $127 on Targa Resources shares.
March 13, 2015
16:42 EDTHRLStocks end week lower amid euro slide, Fed rate hike worries
Stocks finished the week lower as worries about the impact of the euro's fall against the dollar, along with continued anticipation of an upcoming rate hike by the Fed and concerns about deflation, weighed on shares. MACRO NEWS: The euro's slide against the dollar continued, causing investors to worry that the trend could have a significant negative impact on the results of U.S. based, multinational companies... Anticipation of an impending interest rate hike continued to impact the market. On Tuesday, outgoing Dallas Fed President Richard Fisher said the central bank should begin to gradually raise rates before the economy reaches full employment to avoid triggering a recession. On Thursday, stocks rose as investors speculated that weak February retail sales data could cause the central bank to delay raising interest rates... An unexpected decline in the producer price index, which was reported on Friday, may have rekindled fears about deflation taking hold in the U.S., weighing on stocks... In China, the government said that industrial production rose less than expected in the first two months of the year. China's exports were reported to surge 15% in the first two months of the year versus the same period a year earlier, but data also indicated that China's imports sank 20% in the first two months of 2015. COMPANY NEWS: Apple (AAPL) provided additional information about its upcoming Apple Watch at a product launch event. Apple Watch will be available on Friday, April 24 to customers in nine countries, including the U.S., with pre-orders beginning April 10. The lowest priced Apple Watch, the 38 mm Apple Watch Sport, will be priced at $349, while the 18-karat gold Apple Watch Edition will be priced starting at $10,000... Embattled floor retailer Lumber Liquidators (LL) updated investors on the impact of a recent critical report from 60 Minutes. In the nine days following the report, same-store sales fell 12.7% versus the same period a year earlier, it reported. The company added that it was not able to provide full-year guidance until it has more time to gauge the impact of consumers' reaction to the report... GM (GM) settled a potential proxy battle with an investment group led by Harry Wilson by agreeing to return more cash to shareholders... Alcoa (AA) agreed to buy RTI International Metals (RTI), which supplies specialty metals and services for several sectors, including aerospace and defense... Credit Suisse (CS) appointed Tidjane Thiam, who is currently Group Chief Executive of Prudential (PUK), as its new CEO... The shares of several chicken producers fell after a possible case of bird flu was identified in Arkansas. Among the chicken producers that declined were Tyson (TSN), which is based in Arkansas, Pilgrim's Pride (PPC), Sanderson Farms (SAFM), and Hormel (HRL)... GNC Holdings (GNC) sank after New York's Attorney General announced that he and three of his colleagues would further investigate the business practices of the herbal supplement industry. INDEXES: For the week, the Dow was down 0.57% to 17,749.31, the Nasdaq fell 1.12% to 4,871.76, and the S&P 500 dropped 0.87% to 2,053.40.
13:10 EDTHOGHarley-Davidson has a major top in place, levels to watch
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10:09 EDTHOGHigh option volume stocks
09:49 EDTHOGHarley-Davidson layoffs have no impact on production, says Wells Fargo
Wells Fargo learned after speaking to management that Harley-Davidson's 169 employee layoffs were related to materials handling outsourcing and will have no bearing on production plans or rates. Wells notes the layoffs were planned and accrued for in Q4 of 2014. It has an Outperform rating on Harley-Davidson.
05:59 EDTHOGHarley-Davidson laying off Kansas City employees, Journal Sentinel says
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