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Stock Market & Financial Investment News

News Breaks
February 20, 2013
10:31 EDTMDP, RDN, BNS, AFL, THLD, SPLS, PNM, ICON, ALXN, RY, DDAIF, VC, DANOYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bank of Nova Scotia (BNS) upgraded to Overweight from Equal Weight at Barclays... Daimler (DDAIF) upgraded to Equal Weight from Underweight at Morgan Stanley... PNM Resources (PNM) upgraded to Outperform from Neutral at RW Baird... Radian Group (RDN) upgraded to Positive from Neutral at Susquehanna... Royal Bank of Canada (RY) upgraded to Equal Weight from Underweight at Barclays... Staples (SPLS) upgraded to Neutral from Sell at Citigroup... Meredith (MDP) upgraded to Buy from Neutral at Citigroup... Alexion (ALXN) upgraded to Buy from Neutral at Lazard Capital... Threshold Pharmaceuticals (THLD) upgraded to Overweight from Neutral at Piper Jaffray... Radian Group (RDN) upgraded at Susquehanna... Danone (DANOY) upgraded to Neutral from Underperform at Exane BNP Paribas... Iconix Brand (ICON) upgraded to Strong Buy from Market Perform at Raymond James... Aflac (AFL) upgraded to Outperform from Market Perform at Raymond James... Visteon (VC) upgraded to Overweight from Neutral at JPMorgan.
News For BNS;DDAIF;PNM;RDN;RY;SPLS;MDP;ALXN;THLD;DANOY;ICON;AFL;VC From The Last 14 Days
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June 18, 2013
08:36 EDTALXNElan shares could be worh $19 in a buyout, says Jefferies
Jefferies raised its price target for shares of Elan (ELN) to $19 from $14, reflecting what it sees as the value of the company in a takeout scenario. The firm says Elan management suggested they would be open to sale in the $15-$20 per share range. Jefferies believes a high taxpaying suitor could pay the upper end of that range, and lists Allergan (AGN), Regeneron (REGN), Vertex (VRTX), Alexion (ALXN), Zoetis (ZTS), Mylan (MYL) and Perrigo (PRGO) as potential acquirers for Elan. Shares of Elan are up 13c to $13.62 in pre-market trading after Royalty Pharma announced that its buyout proposal for the company has expired.
06:25 EDTBNSBank of Nova Scotia downgraded to Equal Weight from Overweight at Barclays
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06:04 EDTDDAIFDaimler AG upgraded to Buy from Hold at Natixis
June 17, 2013
15:29 EDTSPLSGoogle's Chromebook to be available in Wal-Mart, Staples
In addition to Best Buy (BBY) and Amazon.com (AMZN), Google (GOOG) announced that, starting today, Walmart (WMT) will be making the newest Acer Chromebook available in approximately 2,800 stores across the U.S. for $199. Beginning this weekend, Staples (SPLS) will bring a mix of Chromebooks from Acer, HP (HPQ) and Samsung (SSNLF) to each of its stores in the U.S., or more than 1,500 in total. Reference Link
14:30 EDTSPLSStaples rises in late afternoon trading, levels to watch
The shares are trading up over 2.8%, last at $16.49. At this price next resistance is at $16.90, a prior pivot high from March 2012. Support is at $16.12.
07:23 EDTSPLSJefferies to host a conference
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June 14, 2013
10:52 EDTSPLS High option volume stocks: CLDX AON KNDI MYGN SPLS
June 13, 2013
11:55 EDTDDAIFData shows NAV truck market struggled in May, says Wells Fargo
Wells Fargo says Ward's U.S. retail sales data for May shows that NAV continues to struggle with market share amid the engine technology transition. Class 8 truck market share for May dropped to 12.5% from 15.0% in April, with PACCAR (PCAR) and Volvo (VOLVY) gaining share and Daimler (DDAIF) losing share, Wells noted, citing Ward's data.
06:55 EDTRDNSenators looking to set up government-backed MBS insurer, NY Times says
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05:55 EDTRYRoyal Bank of Canada eyes wealth acquisitions, Reuters reports
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June 10, 2013
14:38 EDTALXNAlexion: Will not present at William Blair conference due to schedule conflict
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12:45 EDTDDAIFDaimler, Evonik consider selling e-car battery venture, WSJ says
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June 9, 2013
17:10 EDTDDAIFDaimler plans to cut IT spending by EUR150M each year, Reuters says
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June 7, 2013
10:11 EDTPNMOn The Fly: Analyst Upgrade Summary
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08:48 EDTPNMPNM Resources upgraded to Buy from Neutral at Ladenburg
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07:10 EDTDDAIFEuropean auto industry worried about China trade duties, Reuters reports
The European auto industry (VLKAY, DDAIF, PEUGY) is concerned China could impose retaliatory trade duties on luxury cars imported from the EU, should the EU Commission not back down over unfair trade practices in China, reports Reuters. Reference Link
06:10 EDTDDAIFOn the Fly: Periodicals Wrap-Up
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June 6, 2013
08:22 EDTDDAIFDaimler, BMW to skip summer production breaks, Bloomberg reports
Daimler (DDAIF) will not take its traditional summer breaks at most of its car factories with models like the revamped Mercedes-Benz E-Class keeping assembly lines busy even as European auto demand falls to a 20-year low, reports Bloomberg. BMW is also either preparing for new models or keeping plants churning out cars to meet demand. This contrasts with factory shutdowns and job cuts at such as PSA Peugeot Citroen (PEUGY) and Ford (F). Reference Link
08:11 EDTRDNRadian Group, Ellie Mae expand mortgage insurance ordering partnership
Radian Guaranty, subsidiary of Radian Group (RDN), announced a direct integration with Ellie Mae’s (ELLI) Encompass360, an end-to-end mortgage management solution that serves as the core operating system for more than 80,000 mortgage originators. As a part of this integration, mortgage lenders utilizing Encompass360 as their loan origination system can now order Radian MI directly as a part of one ordering process. This is an enhancement to the existing partnership between Ellie Mae and Radian, since customers have been able to get an MI rate quote from Radian for the past three years, the company said.
07:23 EDTAFLPR Newswires to host a virtual conference
Retail Investor Conference is being held on June 6 at 10 am. Webcast Link
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