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Stock Market & Financial Investment News

News Breaks
March 12, 2013
08:07 EDTKMI, BRK.A, CNI, ENB, CP, TRPCanada, Keystone can learn from Buffett's BNSF railroad, WSJ reports
If you want to get a sense of what's going to happen with Canadian oil amid TransCanada's (TRP) Keystone XL pipeline battle, see Warren Buffett's (BRK.A) latest letter, reports the Wall Street Journal's "Heard on the Street." Buffett writes that his BNSF railroad company now transports 500,000 barrels of oil a day. Much is from the Bakken shale, where production growth has outpaced pipelines. The resulting local glut led the discount between Bakken oil and Brent crude to surge beyond $45 a barrel a year ago (narrowed now to $19). BNSF has driven its trains through that price gap, enabling Bakken producers to get their barrels to customers rather than slow production. Canadian oil producers face a tougher battle. Western Canadian Select is a relatively heavy grade of oil, so it should be cheaper than a lighter benchmark like Brent. But the discount, now $38 a barrel, owes much to transportation bottlenecks. The Canadian Association of Petroleum Producers forecasts production from Western Canada will hit 5.5M barrels a day by 2020, about double 2011's output. The bottom line: If Keystone doesn't get built, those ambitions will likely have to be scaled back. Reference Link
News For A;TRP;ENB;KMI;CP;CNI From The Last 14 Days
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July 22, 2015
07:13 EDTCPCanadian Pacific upgraded to Buy at Canaccord
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06:41 EDTCPCanadian Pacific upgraded to Buy from Hold at Canaccord
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July 21, 2015
11:12 EDTCPCanadian Pacific positioned for stronger 2H in intermodal space
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10:01 EDTCNIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ASML (ASML) upgraded to Accumulate from Neutral at SNS Securities... Anacor (ANAC) upgraded to Buy from Neutral at Goldman... Artisan Partners (APAM) upgraded to Outperform from Neutral at Credit Suisse... Canadian National (CNI) upgraded to Buy from Hold at Canaccord... General Mills (GIS) upgraded to Outperform from Sector Perform at RBC Capital... Halliburton (HAL) upgraded to Accumulate from Neutral at Global Hunter... Harte-Hanks (HHS) upgraded to Outperform from Market Perform at BMO Capital... MDC Partners (MDCA) upgraded to Overweight from Neutral at Piper Jaffray... SABMiller (SBMRY) upgraded to Buy from Neutral at Nomura... Sanmina (SANM) upgraded to Neutral from Underperform at Longbow... Santander Mexico (BSMX) upgraded to Neutral from Sell at Goldman... Sherwin-Williams (SHW) upgraded to Buy from Neutral at Northcoast... Southwestern Energy (SWN) upgraded to Buy from Neutral at Global Hunter... Verisk Analytics (VRSK) assumed with an Outperform at Keefe Bruyette.
08:33 EDTCPCanadian Pacific sees FY15 adjusted EPS $10.00-$10.40, consensus $10.47
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08:32 EDTCPCanadian Pacific reports Q2 operating income up 10% to $646M
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08:31 EDTCPCanadian Pacific reports Q2 adjusted EPS $2.45, consensus $2.46
Reports Q2 revenue $1.65B, consensus $1.68B
08:26 EDTCPCanadian Pacific appoints Andrew Reardon as Chairman of the Board
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07:30 EDTCNICanadian National upgraded to Buy from Hold at Canaccord
Canaccord upgraded Canadian National to Buy to reflect solid one-year expected returns of 9.4%, including 1.6% dividend yield. The firm believes shares are attractive based on earnings growth, strong margins, and on-going buybacks.
July 20, 2015
19:02 EDTCNIOn The Fly: After Hours Movers
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17:03 EDTCNICanadian National sees FY15 carload volume 'generally comparable' to FY14
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16:16 EDTCNICanadian National still sees double-digit adjusted EPS growth in 2015
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16:14 EDTCNICanadian National reports Q2 operating ratio 56.4% vs. 59.6% last year
16:06 EDTCNICanadian National reports Q2 adjusted EPS C$1.15, consensus C$1.05
Reports Q2 revenue C$3.125B. Carloadings decreased by 3% and revenue ton-miles declined by 7%. CN said, "The revenue performance was mainly attributable to the positive translation impact of the weaker Canadian dollar on U.S.-dollar-denominated revenues; freight rate increases; and strong overseas intermodal demand and higher volumes of finished vehicle traffic. These factors were almost entirely offset by a lower applicable fuel surcharge rate; lower volumes of Canadian grain versus the prior year's record crop; decreased shipments of coal due to weaker global demand; reduced shipments of energy-related commodities, including crude oil, frac sand, and drilling pipe; as well as lower volumes of semi-finished steel products and iron ore."
15:01 EDTCPNotable companies reporting before tomorrow's open
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15:01 EDTCNINotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $3.78... Canadian National Railway (CNI), consensus $1.05... Crown Holdings (CCK), consensus $1.01... Zions Bancorp (ZION), consensus 38c... Hexcel (HXL), consensus 61c... Brown & Brown (BRO), consensus 44c... Steel Dynamics (STLD), consensus 22c... Werner (WERN), consensus 42c.
July 16, 2015
10:00 EDTCNIOn The Fly: Analyst Downgrade Summary
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09:02 EDTKMIKinder Morgan approves proceeding with TGP's Northeast Energy project
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08:48 EDTKMIKinder Morgan recent selloff overdone, says BofA/Merrill
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05:41 EDTCNICanadian National downgraded to Equal Weight from Overweight at Barclays
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