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Stock Market & Financial Investment News

News Breaks
February 22, 2013
10:00 EDTFANG, PDCE, JIVE, ROLL, VSTM, XOM, BCEI, CR, VRX, OFG, CVX, TTS, USAC, BRCMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Broadcom (BRCM) initiated with an Overweight at Piper Jaffray... Chevron (CVX) initiated with a Buy at Canaccord... Exxon Mobil (XOM) initiated with a Hold at Canaccord... Oriental Financial (OFG) initiated with a Buy at Jefferies... PDC Energy (PDCE) initiated with an Outperform at Iberia... Verastem (VSTM) initiated with a Buy at Guggenheim... Valeant (VRX) initiated with a Buy at Aegis... Diamondback Energy (FANG) initiated with a Buy at Brean Capital... USA Compression (USAC) initiated with an Outperform at Raymond James... RBC Bearings (ROLL) reinstated with a Buy at BofA/Merrill... Crane (CR) initiated with a Buy at Ascendiant Capital... Tile Shop (TTS) initiated with an Outperform at Wedbush... Jive Software (JIVE) initiated with an Outperform at Northland Securities... Bonanza Creek (BCEI) initiated with a Buy at Brean Capital.
News For BRCM;CVX;XOM;PDCE;OFG;VSTM;FANG;VRX;ROLL;USAC;CR;JIVE;TTS;BCEI From The Last 14 Days
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December 10, 2014
08:04 EDTXOMExxon Mobil management to meet with UBS
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07:21 EDTBRCMBroadcom price target raised to $52 from $45 at Susquehanna
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06:54 EDTBRCMBroadcom shares continue to have upside, says Deutsche Bank
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December 9, 2014
18:21 EDTBRCMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Korn/Ferry (KFY), up 3.1%... Analogic (ALOG), up 2.7%. DOWN AFTER EARNINGS: Freshpet (FRPT), down 8.5% after reporting quarterly results... Krispy Kreme (KKD), down 4.9%... Broadcom (BRCM), reverses to down just below 1%. ALSO LOWER: Agios Pharmaceuticals (AGIO), down 1.9% after filing to sell $175M of common stock... Yum! Brands (YUM), down 4.6% after providing fiscal 2015 operating guidance.
18:09 EDTCVXChevron FY15 CapEx plan delayed until 2015, Bloomberg says
Due to the recent slump in crude oil, Chevron will delay the release of its 2015 capital expenditure plan until early 2015, Bloomberg reports, citing a telephone interview with a company spokesperson. Reference Link
16:10 EDTBRCMBroadcom enhances corporate governance measures
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16:07 EDTBRCMBroadcom increases dividend to 14c, authorizes $1B stock repurchase plan
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16:05 EDTBRCMBroadcom increases dividend to 14c, authorizes $1B stock repurchase plan
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16:04 EDTBRCMBroadcom raises Q4 revenue view to $2.075B-$2.15B, consensus $2.09B
Broadcom maintained the guided range for Q4 product dross margin on both a GAAP and non-GAAP basis. Now sees Q4 R&D and SG&A expenses closer to down about $50M and down about $40M on a GAAP and non-GAAP basis, respectively.
09:31 EDTVRXZoetis drops after report of Valeant abandoning growth by acquisitions strategy
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09:21 EDTPDCEOn The Fly: Pre-market Movers
UP AFTER EARNINGS: AutoZone (AZO), up 3.8%... Burlington Stores (BURL), up 3.3%. ALSO HIGHER: bluebird bio (BLUE), up 56.5% after price target raised at Piper Jaffray and SunTrust... Camtek (CAMT), up 6.7% after being awarded a $2.8M order from a semiconductor manufacturer... PDC Energy (PDCE), up 5.8% after providing fiscal 2015 production guidance... Mast Therapeutics (MSTX), up 3.1% after reporting that it will begin recruiting patients for MST-188 study in first half of fiscal 2015... Idera Pharmaceuticals (IDRA), up 1.4% after announcing data for its lead product candidate, IMO-8400. DOWN AFTER EARNINGS: UTi Worldwide (UTIW), down 10.8%... CONN'S (CONN), down 35.9% after reporting third quarter results, withdrawing fiscal 2015 guidance, stating that there is no timetable set for completion of strategic alternatives, and announcing the departure of its CFO. ALSO LOWER: Apple (AAPL), down 1.6% after Pacific Crest says that weak iPad demand could cause Apple to miss estimates and following a Wall Street Journal report that a judge denied Apple's efforts to throw out iPod pricing lawsuit... Allied Nevada Gold (ANV), down 30.1% after announcing pricing of common stock and warrant offering... United Continental (UAL), down 2.7% after reporting November traffic.
08:55 EDTXOMExxon Mobil to hold a webcast
Vice Presidents Colton and Cohen hold a webcast to launch ExxonMobil's 2015 Outlook for Energy: A View to 2040 on December 9 at 1 pm. Webcast Link
06:39 EDTVRXValeant to abandon growth by acquisitions strategy, Reuters says
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December 8, 2014
19:01 EDTCVXChevron subsidiary acquires three blocks offshore New Zealand
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17:32 EDTPDCEPDC Energy outlines 2015-2016 hedge and financial positioning
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17:30 EDTPDCEPDC Energy sees FY15 CapEx about $557M, FY15 production 13.8M-14.5M Boe
PDC's capital budget for 2015 is approximately $557M, a decrease of 14% compared to its 2014 capital budget. The company's 2015 budget includes $526M of development capital and $31M for lease maintenance, exploration and other expenditures. The 2015 capital budget is focused on organic growth opportunities in PDC's Inner and Middle core areas of the Wattenberg Field. The Company estimates net production volumes for 2015 will be between 13.8M-14.5M barrels of oil equivalent and expects production growth throughout the year. The company anticipates a commodity mix of approximately 45% crude oil, 20% natural gas liquids and 35% natural gas. The commodity mix reflects the company's increased focus on allocating capital towards its highest-value drilling opportunities in both the Inner and Middle core areas of the Wattenberg Field. For 2015, the company projects it will drill approximately 90% of its wells in the Inner and Middle Core areas, up from about 67% in those areas in 2014. PDC estimates its 2014 production exit rate to be approximately 32,500 Boe per day and its full-year 2014 production volumes to be within its guidance range of 9.3 to 9.5 MMoe. The Company's 2015 production exit rate is anticipated to be approximately 46,500 Boe per day
15:18 EDTBRCMBroadcom December volatility elevated into analyst day
Broadcom December weekly call option implied volatility is at 53, December is at 34, January is at 27; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into a company sponsored analyst day on December 10.
08:09 EDTXOMExxon Mobil management to meet with UBS
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07:53 EDTXOM, CVXClimate for Exxon E&P acquisition improved by falling prices, WSJ says
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07:40 EDTPDCE, FANG, BCEIMany E&P target prices lowered at SunTrust
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