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February 1, 2013
10:01 EDTDB, TMO, WYNN, PCAR, GME, AJG, PMCS, WMS, ORCL, ERIC, BUD, SMRT, VZ, GWAYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AB InBev (BUD) upgraded to Outperform from Market Perform at Bernstein... Arthur J. Gallagher (AJG) upgraded to Outperform from Market Perform at William Blair... Deutsche Bank (DB) upgraded to Buy from Neutral at Citigroup... Ericsson (ERIC) upgraded to Neutral from Underperform at Credit Suisse... GameStop (GME) upgraded to Overweight from Neutral at Piper Jaffray... Greenway Medical (GWAY) upgraded to Strong Buy from Market Perform at Raymond James... Oracle (ORCL) upgraded to Outperform from Market Perform at BMO Capital... PACCAR (PCAR) upgraded to Outperform from Market Perform at Wells Fargo... Verizon (VZ) upgraded to Overweight from Neutral at Piper Jaffray... WMS Industries (WMS) upgraded to Neutral from Sell at Goldman... Wynn Resorts (WYNN) upgraded to Buy from Neutral at Janney Capital... Stein Mart (SMRT) upgraded to Outperform from Market Perform at Avondale... Ericsson (ERIC) upgraded to Conviction Buy from Neutral at Goldman... PMC-Sierra (PMCS) upgraded to Buy from Hold at Miller Tabak... WMS Industries (WMS) upgraded to Neutral from Underweight at JPMorgan... Thermo Fisher (TMO) upgraded to Overweight from Neutral at JPMorgan.
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July 17, 2015
05:34 EDTERICEricsson reports Q2 non-IFRS EPS SK 1.45 vs. SK 1.07 last year
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July 16, 2015
19:27 EDTVZFCC reforms bidding rules for spectrum auctions, prohibits joint bidding
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18:48 EDTORCLOracle drops largest copyright damages theory against Rimini Street
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13:22 EDTGMEBest Buy purchase of GameStop unlikely, says Oppenheimer
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11:52 EDTGMEGameStop call activity attributed to takeover speculation
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11:47 EDTGMERumor: GameStop strength attributed to takeover speculation
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11:39 EDTORCLOracle management to meet with Evercore ISI
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10:04 EDTVZU.S. Cellular offers 'guarantee' to beat Verizon and AT&T plans
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10:04 EDTPMCSHigh option volume stocks
06:25 EDTORCLOracle announces 'disciplined reduction' in overall compensatoin
Oracle announced bonuses to Ellison, Catz and Hurd will be paid out at $0 in FY15, compared to 16% targe tin FY14. Oracle said that no performance-based cash bonuses will be awarded in years where no growth in non-GAAP pre-tax profits is achieved. PSU payouts are based on Oracle revenue growth and operating cash flow growth relative to select peer company performances. In connection with the management transition in 2015, the compensation committee canceled 1.5M equity equivalent shares of Ellison's FY15 equity award. The company announced option awards will be reduced to 5 year terms from 10 year terms in 2016, significantly reducing its value and maintaining long-term vest. Comments taken from slides for July Investor Presentation.
05:46 EDTDBFCA in early stages of investigation into Deutsche Bank, Financial Times reports
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05:34 EDTERICEricsson announces collaboration with Softbank on 5G trials in Tokyo
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July 15, 2015
10:01 EDTPMCSOn The Fly: Analyst Initiation Summary
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08:35 EDTDBCNBC to hold a conference
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08:32 EDTWMSAdvanced Drainage announces delay in filing FY15 10-K
Advanced Drainage Systems has delayed the filing of its Annual Report on Form 10-K for the fiscal year ended March 31, 2015 beyond the July 14, 2015 extended filing date. As previously disclosed by the company in its Form 12b-25 filed with the SEC on June 30, 2015, the company is reviewing methodologies utilized in its year-end inventory costing analysis and the related impact on the company’s fiscal year 2015 financial statements. This review is ongoing, and is primarily due to the need to assess the impact of highly volatile raw material costs during the company’s fiscal 2015 fourth quarter. Although the company’s independent public accounting firm is performing audit testing procedures for such items, the company anticipates that the effect of this review will be a reduction of year-end inventory values for fiscal year 2015 as compared to previously reported amounts, and a related increase in cost of sales. The company anticipates these adjustments will have a positive impact on cost of sales in fiscal year 2016. The company intends to make any necessary adjustments to its previously issued earnings release for the fourth-quarter and full fiscal year 2015 in light of the above concurrent with the filing of its Form 10-K. As part of the review process, the company is now also conducting a review of its accounting treatment for its transportation and equipment leasing program. The company’s transportation and equipment leases have historically been recorded as operating leases and the company is now in the process of re-evaluating whether it is necessary to record such leases as capital leases. The company is working diligently to conclude its review and analysis of the items described above as well as the company’s journal entry control processes as previously disclosed, and will announce its anticipated timing via press release once known.
06:50 EDTPMCSPMC-Sierra initiated with a Buy at Mizuho
Target $14.
July 14, 2015
14:00 EDTWYNNNew Jersey reports Atlantic City gaming win down 8.2% to $216.5M in June
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10:07 EDTVZVerizon announces new content partnership with VICE
Verizon announced a new content partnership that will bring VICE Media's content to Verizon's mobile video platform, launching later this year. The multi-year partnership will see a broad selection of VICE digital content, including original domestic and international programming produced exclusively for Verizon, all through a mobile-first video offering. The content offering will also include a curated selection of original videos from across VICE's digital channels covering a range of categories.
09:01 EDTGMEGameStop announces expiration of tender offer for Geeknet shares
GameStop Corp. (GME) announced the expiration of its tender offer to purchase all outstanding shares of Geeknet, Inc. (GKNT) for $20.00 per share in cash. The Offer expired at 11:59 p.m. ET on July 13, 2015. As of the expiration of the Offer, a total of 5,924,736 shares were validly tendered and not withdrawn in the Offer, representing 86.39% of Geeknet’s outstanding shares, according to the depositary for the Offer. All conditions to the Offer having been satisfied, GameStop will accept for payment, and pay for by deposit of the Offer Price for such shares with the depositary for the Offer on July 17, 2015, all shares validly tendered into the Offer.
08:56 EDTTMOMorgan Stanley names 'Vintage Values 2016' list
Morgan Stanley named its "Vintage Values 2016" list, comprised of the firm's analysts' best ideas to hold over the next 12 months. Included on the list are Ameriprise (AMP), Apple (AAPL), Bank of America (BAC), Comcast (CMCSA), Crown Castle (CC), Estee Lauder (EL), Hilton (HLT), Ingersoll-Rand (IR), LinkedIn (LNKD), Magna (MGA), Marathon Oil (MRO), McKesson (MCK), Oaktree Capital (OAK), Thermo Fisher (TMO) and Visa (V).
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