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Stock Market & Financial Investment News

News For BUD;AJG;DB;ERIC;GME;GWAY;ORCL;PCAR;VZ;WMS;WYNN;SMRT;PMCS;TMO From The Last 14 Days
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February 26, 2015
10:42 EDTGMEGameStop wins bid for 150 RadioShack stores, says BofA/Merrill
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10:00 EDTDBOn The Fly: Analyst Initiation Summary
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08:30 EDTSMRTStein Mart announces 11 new stores to open this year
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08:29 EDTWYNNDeutsche cuts 2015 Macau growth forecast to down 21.4%
Deutsche Bank lowered its 2015 Macau gross gaming revenue forecast to down 21.4% from down 8.4% saying the demand issues will not be solved by expanding capacity. The firm's confidence in a Macau turnaround remains "muted," but it continues to view shares of MGM Resorts (MGM) as "meaningfully undervalued." It views Buy-rated Wynn Resorts (WYNN) as better suited for longer term investors at this stage, and lowered its price target for the stock to $170 from $176. Deutsche also cut its price target for Hold-rated Las Vegas Sands (LVS) to $49 from $53.
07:32 EDTVZThe FCCto hold an open commission meeting on net neutrality
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07:14 EDTWMSBarclays to hold a symposium
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05:32 EDTDBDeutsche Bank initiated with an Underperform at Exane BNP Paribas
05:21 EDTBUDAB InBev sees FY15 revenue per hl to grow organically in line with inflation
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05:15 EDTBUDAB InBev announces $1B share buyback program
The board has approved a share buyback program for an amount of $1B, which will be conducted during the course of this year. The company's current intention is to use the shares acquired to fulfill its various share delivery commitments under the stock ownership plan. The program will be executed under the powers granted at the General Meeting of Shareholders on April 30.
05:12 EDTBUDAB InBev reports Q4 EPS $1.54, consensus $1.41
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February 25, 2015
15:05 EDTBUDNotable companies reporting before tomorrow's open
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13:34 EDTDBDeutsche Bank hires JPMorgan senior banker Jeff Urwin
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13:02 EDTGMERadioShack delays sale of stores, GameStop expresses interest, Reuters says
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February 24, 2015
16:42 EDTWYNNOn The Fly: Closing Wrap
Stocks on Wall Street began the day almost unchanged as investors awaited the testimony from Federal Reserve Chair Janet Yellen before a Senate panel. Following her prepared remarks, which suggested the central bank will not rush to raise interest rates, buyers stepped in to push the market higher. The Dow moved to all-time highs, as did the S&P, while the Nasdaq extended its most recent streak that saw the index close higher for nine consecutive sessions for the first time that has happened since 2009. ECONOMIC EVENTS: In the U.S., Federal Reserve Chair Janet Yellen stated in prepared testimony to Congress that the central bank considers it "unlikely" that economic conditions will warrant an increase in the target range for the federal funds rate for "at least the next couple" of FOMC meetings. Yellen also said that while the drop in oil prices will have negative effects on energy producers and will probably result in job losses in this sector, it will likely be a significant overall net positive for the U.S. economy. The S&P Case-Shiller 20-city house price index reported a seasonally adjusted monthly increase of 0.9%, versus expectations for an increase of 0.6%. Markit's services PMI for February came in at 57.0, versus consensus of 54.5. The Conference Board consumer confidence index declined in February to 96.4, which was down from last month's revised 103.8 figure and below the consensus 99.5 forecast. The Richmond Fed manufacturing index for February came in at 0, versus the consensus expectation for a reading of 6. In Europe, eurozone finance ministers approved Greece's reform proposals and extended the country's bailout program by four more months. COMPANY NEWS: Home Depot (HD) advanced $4.47, or 3.98%, to $116.75 after the Dow member's earnings beat expectations. The home improvement giant also hiked its quarterly dividend by 26% and authorized an $18B share repurchase program. MAJOR MOVERS: Among the notable gainers was SunPower (SPWR), which rose $5.00, or 17.99%, to $32.80 after its quarterly results topped expectations and the company announced that its in advanced talks to form a joint YieldCo vehicle with peer First Solar (FSLR). First Solar shares also advanced $5.06, or 10.19%, to $54.70 during the session, though its shares are fractionally lower in after-hours trading after the company issued its own earnings report. Among the noteworthy losers was Rosetta Resources (ROSE), which fell $3.29, or 15.04%, to $18.58 after its weaker than expected Q4 report and lowered guidance was followed by at least five analyst downgrades of its stock. Also lower were shares of Wynn Resorts (WYNN), which slid $7.33, or 4.75%, to $147.00 after reports indicated that Macau's government views overcrowding from tourists as a serious problem and plans to review the mainlandís individual visit scheme with authorities after Chinese New Year. INDEXES: The Dow rose 92.35, or 0.51%, to 18,209.19, the Nasdaq gained 7.15, or 0.14%, to 4,968.12, and the S&P 500 added 5.82, or 0.28%, to 2,115.48.
13:07 EDTDBEU official: Euro banks shouldn't also go through Fed's stress test, WSJ says
Jonathan Hill, the European Unionís new financial markets chief, told The Wall Street Journal that he does not see a need for the U.S. to give stress tests to European banks that have already received health checks in Europe. Hill says banks across Europe are "properly and sensibly capitalized." The WSJ reported last week that the U.S. units of two European banks, Deutsche Bank (DB) and Banco Santander (SAN), are set to fail the Federal Reserve's stress tests, though they passed ECB stress tests last year. Reference Link
12:13 EDTVZU.S. Cellular lowering prices on shared connect plans
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09:52 EDTWYNNMacau to review mainlandís individual visit scheme, Macau Business Daily says
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06:36 EDTDBHP obtains ten year outsourcing deal from Deutsche Bank, Reuters reports
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06:15 EDTDBBanks probed for possible rigging of precious metals markets, WSJ reports
Officials in the U.S. are investigating at least 10 major banks for potential rigging of precious-metals markets, sources tell The Wall Street Journal. The DOJ's antitrust unit are investigating the price-setting process for gold, silver, palladium and platinum in London, while the CFTC has begun a civil investigation, with both agencies making requests for information, including a subpoena to HSBC (HSBC) from the CFTC. According to a source, Credit Suisse (CS), JP Morgan (JPM), UBS (UBS), Societe Generale (SCGLY), Bank of Nova Scotia (BNS), Barclays (BCS), Goldman Sachs (GS) and Deutsche Bank (DB) are also under investigation. Reference Link
05:14 EDTERICEricsson, Leiga Warszawa announces six-year connectivity agreement
Ericson announces a service contract with Leiga Warszawa Municipal Stadium. The six-year agreement will ensure that visitors to the municipal stadium in Warszawa can enjoy carrier-grade Wi-Fi connectivity and value-added services accessible via a mobile app.
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