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Stock Market & Financial Investment News

News Breaks
January 30, 2013
10:24 EDTBOBE, CRESY, TPX, VIAB, ADSK, WDR, VHS, MTW, NSC, NNA, KBH, CHK, AKSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bob Evans (BOBE) upgraded to Overweight from Equal Weight at Stephens... Chesapeake (CHK) upgraded to Buy from Hold at Stifel Nicolaus... KB Home (KBH) upgraded to Outperform from Neutral at Credit Suisse... Navios Acquisition (NNA) upgraded to Buy from Hold at Deutsche Bank... Norfolk Southern (NSC) upgraded to Overweight from Neutral at Atlantic Equities... Manitowoc (MTW) upgraded to Buy from Hold at BB&T... Vanguard Health (VHS) upgraded to Buy from Hold at Deutsche Bank... Waddell & Reed (WDR) upgraded to Neutral from Sell at Goldman... Chesapeake (CHK) upgraded at Stifel Nicolaus... Autodesk (ADSK) upgraded to Outperform from Neutral at Wedbush... Viacom (VIAB) upgraded to Outperform from Neutral at Cowen... Tempur-Pedic (TPX) upgraded to Buy from Hold at KeyBanc... Cresud SA (CRESY) upgraded to Outperform from Market Perform at Raymond James... AK Steel (AKS) upgraded to Neutral from Underperform at Macquarie.
News For BOBE;CHK;KBH;NNA;NSC;MTW;VHS;WDR;ADSK;VIAB;TPX;CRESY;AKS From The Last 14 Days
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September 24, 2014
08:34 EDTKBHKB Home reports Q3 EPS 28c, consensus 40c
Reports Q3 revenue $589.2M, consensus $646.76M. The company delivered 1,793 homes in the third quarter, compared to 1,825 homes delivered in the year-earlier quarter. KB said deliveries in the quarter were tempered by delays in construction schedules and customer mortgage loan closings that resulted in some deliveries being deferred to Q4. The overall average selling price rose 9% to $327,000.
06:42 EDTTPXMore e-commerce start-ups undercutting established firms, NY Times says
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September 23, 2014
15:36 EDTKBHKB Homes calls active into Q3 and outlook
KB Homes October and November 17 calls are active into Q3. October call option implied volatility is at 35, November is at 30, January is at 30, April is at 32; compared to its 26-week average of 33 according to Track Data, suggesting non-directional price movement into the expected release of Q3 results on September 24.
15:27 EDTKBHNotable companies reporting before tomorrow's open
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15:07 EDTKBHKB Home technical comments before results
In the past three months returns have been lower than the broader averages, falling by over 2.5%. The trend has been down to sideways in a range largely bounded by $18.50 at the high and $16.50 at the low. Those ranges may help us navigate post-earnings price reactions. A move lower on worse than expected news that breaks the range low at $16.50 might have bearish implications for price thereafter. In the past two years, the $16 level has held as support. Any news which could break that support could lead to further price weakness. Additional downside support would be at $15.16 , $14.32, and $13.19. If the news is positive and exceeds current expectations, we could see a run back to the top of the range at $18.50. On progressively stronger news or outlook, the following resistance levels could become additional upside objectives: $19.34, and $20.78 which is the 52-week high.
07:03 EDTVIABRentrak signs agreement with Viacom 18 Media's IndiaCast
Rentrak (RENT) announced an agreement with Viacom (VIA) 18 Media's IndiaCast for its two networks, Aapka Colors and MTV India. IndiaCast will utilize Rentrak's industry-leading TV ratings currency for programming research, as well as a business tool for its advertising sales initiatives.
September 22, 2014
10:30 EDTNSCNorfolk Southern September weekly volatility elevated into investor meeting
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09:35 EDTBOBEBob Evans upgraded to Neutral from Sell at CL King
08:50 EDTNNANavios Acquisition announces delivery of one MR2 product tanker with employment
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September 20, 2014
20:43 EDTCHKChesapeake, Weatherford seem attractive, Barron's says
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September 19, 2014
12:14 EDTKBHKB Homes volatility flat into Q3 and outlook
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07:34 EDTTPXTempur Sealy price target raised to $75 from $64 at Piper Jaffray
Piper Jaffray raised its price target for Tempur Sealy shares to $75 after meeting with management and reiterates an Overweight rating on the stock. Piper believes Tempur hit an inflection point in Q3, with the company seeing an acceleration in sales and earnings growth.
07:31 EDTTPXTempur, Mattress Firm weakness would be buying opportunity, says Piper
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07:30 EDTAKSRussia's top steelmaker weighs IPO of North American arm, WSJ says
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September 18, 2014
10:55 EDTNSCNorfolk Southern to host investor and analyst meeting
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07:17 EDTAKSAK Steel reinstated with an Underperform at Credit Suisse
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September 17, 2014
12:08 EDTAKSSteel stocks rally as U.S. Steel, Nucor provide improved outlooks
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12:01 EDTADSKAdobe falls after Q4 revenue outlook trails consensus
Shares of creative software maker Adobe Systems (ADBE) are falling after it guided to fourth quarter revenue below analysts' consensus view. WHAT'S NEW: Last night, Adobe reported Q3 adjusted earnings per share of 28c and revenue of $1.005B, compared to analysts' consensus estimates of 26c and 1.02B, respectively. Adobe exited Q3 with 2.81M creative cloud subscriptions, a sequential increase of 502,000. WHAT'S NOTABLE: Adobe forecast Q4 adjusted EPS of 26c-32c, versus consensus of 31c. The company sees Q4 revenue of $1.025B-$1.075B, below the consensus forecast of $1.09B. The company expects net new creative cloud subscriptions to grow sequentially in Q4 to slightly exceed its target of 1M. ANALYST REACTION: This morning, analyst commentary was positive, with several firms recommending buying shares of Adobe on any weakness. Research firm Stern Agee was among them, stating that Adobe's revenue miss was driven by a shift of perpetual licenses to term contracts. Sterne Agee said that Adobe's deferred revenue outperformed, which should give long-term investors confidence in the name. It believes the long-term transition story is intact, and expects upside to revenues in FY15. The firm kept a Buy rating on the shares with a price target of $85. Two other firms, JMP Securities and BofA Merrill Lynch also recommended buying Adobe amid its post-earnings weakness. PRICE ACTION: Near noon, Adobe fell $2.74, or nearly 4%, to $68. Despite today's pull-back, the shares have gained about 40% over the past 12 months. ANOTHER TO WATCH: Autodesk, (ADSK), which also serves software customers in the digital media and entertainment industries, is down fractionally to $54.54.
09:10 EDTAKSOn The Fly: Pre-market Movers
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09:04 EDTVIABAmericas Media ad growth estimates lowered at Nomura
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