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Stock Market & Financial Investment News

News Breaks
February 1, 2013
10:01 EDTMW, VIAB, VIA, WHR, EA, HP, KKD, HES, IVZ, EPD, UPS, TWC, RDS.A, ARR, ALKS, BOBE, STZ, HBC, HOLX, LTM, MA, ZQK, BUDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AB InBev (BUD) downgraded to Hold from Buy at Societe Generale... ARMOUR Residential (ARR) downgraded to Neutral from Buy at BofA/Merrill... Alkermes (ALKS) downgraded to Neutral from Buy at BofA/Merrill... Bob Evans (BOBE) downgraded to Hold from Buy at KeyBanc... Constellation Brands (STZ) downgraded to Neutral from Buy at BofA/Merrill... HSBC (HBC) downgraded to Neutral from Buy at Citigroup... Hologic (HOLX) downgraded to Reduce from Neutral at SunTrust... Life Time Fitness (LTM) downgraded to Market Perform from Outperform at William Blair... MasterCard (MA) downgraded to Market Perform from Outperform at Wells Fargo... Quiksilver (ZQK) downgraded to Neutral from Outperform at RW Baird... Royal Dutch Shell (RDS.A) downgraded to Underperform from Neutral at BofA/Merrill... Time Warner Cable (TWC) downgraded to Hold from Buy at Deutsche Bank... UPS (UPS) downgraded to Neutral from Buy at Citigroup... Viacom (VIAB) downgraded to Neutral from Overweight at Piper Jaffray... Whirlpool (WHR) downgraded to Outperform from Strong Buy at Raymond James... Electronic Arts (EA) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Helmerich & Payne (HP) downgraded to Neutral from Add at Capital One... Time Warner Cable (TWC) downgraded to Neutral from Buy at Guggenheim... Krispy Kreme (KKD) downgraded to Neutral from Buy at B. Riley Caris... Hess Corp. (HES) downgraded to Accumulate from Buy at Global Hunter... Invesco (IVZ) downgraded to Equal Weight from Overweight at Morgan Stanley... Enterprise Products (EPD) downgraded to Neutral from Outperform at Credit Suisse... Men's Wearhouse (MW) downgraded to Neutral from Outperform at Cowen.
News For A;TWC;UPS;VIAB;VIA;WHR;EA;HP;KKD;HES;IVZ;EPD;MW From The Last 14 Days
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October 23, 2014
06:02 EDTKKDKrispy Kreme to open first location in South America with Bogotá store
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October 22, 2014
13:06 EDTTWCEarnings Preview: Comcast reporting Q3 results as Time Warner deal progressing
Comcast (CMCSA, CMCSK) is set to report third quarter earnings before the market open on Thursday, October 23, with a conference call scheduled for 8:30 am ET. Comcast is a diversified media company that operates the NBC family of networks and Universal Pictures, among other cable, internet, and voice services. On February 13, Comcast announced plans to merge with Time Warner Cable (TWC) in a deal valued at $45.2B. EXPECTATIONS: Analysts are looking for earnings per share of 71c on revenue of $16.82B, according to First Call. The consensus range for EPS is 64c-76c on revenue of $16.5B-$17.17B. LAST QUARTER: Comcast reported second quarter EPS of 75c against estimates for 72c, on revenue of $16.84B against estimates for $16.95B. TIME WARNER CABLE DEAL: On August 17, The Wall Street Journal reported that the Federal Communications Commission said that one issue it must decide as it reviewed the proposed acquisition of Time Warner Cable is whether to allow Comcast to continue Time Warner Cable's arrangement to handle programming and technology acquisitions for cable operator Bright House Networks. On August 26, Engadget reported that Netflix (NFLX) filed a formal protest against the Time Warner Cable deal, saying that the merger would result in "serious public interest harm" and that a combined cable giant would have a huge amount of leverage over it and rivals such as Hulu. Hulu is a joint venture owned by Comcast along with Disney (DIS) and 21st Century Fox (FOX,FOXA). The New York Post reported on September 8 that Discovery (DISCA) believed Comcast's takeover of Time Warner Cable would give the merged entity an unfair advantage over programmers. That same day, Reuters said a proxy statement detailed that Time Warner Cable employees would split $416M if the merger deal with Comcast did not transpire. At the Goldman Sachs Communacopia Conference on September 10, Comcast said that it has made "a lot of progress" on the shareholder approval process for the Time Warner Cable deal, but expected the agreement to be finalized in early fiscal year 2015 versus the previous guidance of late 2014. The company expects the Time Warner Cable merger to generate $1.5B in operating expense synergies. On September 16, Comcast said at the Media, Communications and Entertainment Conference that it would reveal its capital plan at the close of the Time Warner Cable deal and noted at that time that "everything was on track" regarding the merger. The Wall Street Journal reported on September 30 that the FCC pushed for media companies to submit details of their programming agreements with Comcast prior to the Time Warner Cable deal. The FCC announced three days later that it extended time for the companies to file their replies on Comcast regarding the merger. On October 8, Comcast Shareholders approved stock issuance for the Time Warner Cable deal and the next day, Time Warner Cable stockholders approved the Comcast merger deal. STREET RESEARCH: Analysts remained fairly quiet on Comcast throughout the quarter. On September 9, UBS raised its price target on Comcast to $72 from $60 given its strong underlying fundamentals and the expected free cash flow accretion from the Time Warner Cable deal. The firm also said it expected Comcast to accelerate its stock buyback and increase its dividend. UBS kept its Buy rating on the stock. On October 17, Goldman Sachs said that Comcast was its top large cap pick into the earnings report given steady fundamentals, moderated expectations, and valuation. The firm maintained the stock with a Buy rating and a $64 price target. PRICE ACTION: Since the first day of trade following its Q2 report on July 22, shares of Comcast are down about 3.5%. Since it announced its deal with Time Warner Cable on February 13, shares of the media company have fallen just under 6%. In late-morning trade ahead of tomorrow’s Q3 report, shares of Comcast are down fractionally.
11:12 EDTTWCFCC stops 'informal clock' for review of AT&T, Comcast proposed deals
Federal Communications Commission disclosed in a notice on its website that a number of commenters filed a motion for an extension of time to file replies in Docket 14-57, which is the review of the application of Comcast (CMCSA) for approval of its proposed acquisition of Time Warner Cable (TWC). Among other points, the commenters argue that certain third-party programmers “do not want any of the interested parties’ outside counsel or experts to view [their programming contracts],” the FCC noted. "We agree with these commenters that their current inability to review Highly Confidential Information that has been submitted in these dockets significantly hampers their ability to meaningfully comment and participate in these proceedings, in both Docket 14-57 and Docket 14-90. Accordingly, we are suspending the pleading cycles and stopping our 180-day informal time clock in both dockets," the FCC stated. Docket 14-90 refers to AT&T's (T) proposed purchase of DIRECTV (DTV). Reference Link
10:24 EDTUPSUPS October weekly volatility elevated into Q3 and outlook
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10:09 EDTHESOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AOL (AOL) upgraded to Buy from Hold at Evercore... ARM Holdings (ARMH) upgraded to Buy from Neutral at UBS... American Assets Trust (AAT) upgraded to Buy from Hold at MLV & Co.... American Midstream Partners (AMID) upgraded to Buy from Neutral at Ladenburg... BancorpSouth (BXS) upgraded to Neutral from Underweight at JPMorgan... Chesapeake (CHK) upgraded at UBS... Chuy's (CHUY) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Overweight from Equal Weight at Morgan Stanley... East West Bancorp (EWBC) upgraded at BMO Capital... El Paso Electric (EE) upgraded to Buy from Neutral at Ladenburg... Generac (GNRC) upgraded to Buy from Hold at KeyBanc... Gold Fields (GFI) upgraded to Overweight from Neutral at HSBC... Harmony Gold (HMY) upgraded to Neutral from Underweight at HSBC... Hess Corp. (HES) upgraded to Buy from Neutral at UBS... Hovnanian (HOV) upgraded to Market Perform from Underperform at JMP Securities... Intuitive Surgical (ISRG) upgraded to Buy from Neutral at BTIG... OMV AG (OMVKY) upgraded to Neutral from Underperform at Credit Suisse... Seaspan (SSW) upgraded to Neutral from Underperform at Credit Suisse... Sibanye Gold (SBGL) upgraded to Neutral from Underweight at HSBC... Smith & Nephew (SNN) upgraded to Overweight from Equal Weight at Barclays... Southwestern Energy (SWN) upgraded to Buy from Hold at Maxim... Steel Dynamics (STLD) upgraded to Outperform from Neutral at Macquarie... Steris (STE) upgraded to Strong Buy from Market Perform at Raymond James... Tesoro Logistics (TLLP) upgraded to Strong Buy from Outperform at Raymond James... Texas Instruments (TXN) upgraded to Outperform from Market Perform at Bernstein... Twitter (TWTR) upgraded to Hold from Sell at Hudson Square... Vanguard Natural (VNR) upgraded to Buy from Hold at Wunderlich... Volaris (VLRS) upgraded to Buy from Hold at Deutsche Bank... Wilshire Bancorp (WIBC) upgraded to Outperform from Neutral at Macquarie... Yahoo (YHOO) upgraded to Outperform from Market Perform at FBR Capital.
10:01 EDTWHRWhirlpool names Michael Todman, Marc Bitzer as vice chairmen
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06:50 EDTHESHess Corp. upgraded to Buy from Neutral at UBS
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05:37 EDTHESHess Corp. reinstated with an Equal Weight at Barclays
Target $104.
October 21, 2014
11:15 EDTTWCHigh option volume stocks
High option volume stocks: DBA TUP CRI FCG TWC PLL ACM XRS RAI AMTD
10:01 EDTTWCTime Warner Cable rolls out Enhanced DVR set-top box
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10:00 EDTHESOn The Fly: Analyst Upgrade Summary
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08:29 EDTHESHess Corp. upgraded to Accumulate from Neutral at Global Hunter
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October 20, 2014
17:26 EDTMWSAB Capital Advisors reports 5.1% passive stake in Men's Wearhouse
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16:39 EDTUPSUPS 2015 rates for ground, air, international,freight, air freight to be up 4.9%
UPS released new published rates for 2015. UPS Ground, Air, International, UPS Freight, and UPS air freight rates within and between the U.S., Canada, and Puerto Rico will increase an average of 4.9%. The increase is effective Dec. 29.
07:10 EDTAAmerican Society of Human Genetics to hold annual meeting
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October 17, 2014
18:14 EDTEPDEnterprise Products extends open season for Bakken-to-Cushing pipeline
Enterprise Products Partners announced that the binding open commitment period to determine shipper demand for capacity on a proposed new crude oil pipeline from the Williston Basin of North Dakota to the Cushing hub in Oklahoma has been extended until 5 p.m. CST, November 14.
10:00 EDTHPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AK Steel (AKS) upgraded to Buy from Neutral at Nomura... AMD (AMD) upgraded to Sector Perform from Underperform at Pacific Crest... Atlantic Power (AT) upgraded to Market Perform from Underperform at BMO Capital... Basic Energy (BAS) upgraded to Outperform from Market Perform at Cowen... BorgWarner (BWA) upgraded to Buy from Hold at Deutsche Bank... CA Technologies (CA) upgraded to Overweight from Equal Weight at Barclays... Calumet Specialty Products (CLMT) upgraded to Outperform at Wells Fargo... DHT Holdings (DHT) upgraded to Buy from Hold at Evercore... Exelon (EXC) upgraded to Neutral from Sell at Citigroup... Fifth Third Bancorp (FITB) upgraded to Buy from Neutral at Citigroup... Goldman Sachs (GS) upgraded to Outperform from Market Perform at Keefe Bruyette... Helmerich & Payne (HP) upgraded to Buy from Neutral at UBS... Hilton (HLT) upgraded to Buy from Neutral at SunTrust... Hyatt Hotels (H) upgraded to Outperform from Neutral at Macquarie... IPG Photonics (IPGP) upgraded at Stifel... ITC Holdings (ITC) upgraded to Neutral from Underperform at Credit Suisse... Manpower (MAN) upgraded to Outperform from Market Perform at Avondale... Nabors Industries (NBR) upgraded to Outperform from Market Perform at Cowen... Newpark Resources (NR) upgraded at Cowen... Old Dominion (ODFL) upgraded to Buy from Neutral at Longbow... PDC Energy (PDCE) upgraded at SunTrust... Patterson-UTI (PTEN) upgraded to Buy from Neutral at UBS... PrivateBancorp (PVTB) upgraded to Outperform from Neutral at Macquarie... QLogic (QLGC) upgraded to Buy from Hold at Summit Research... RPC, Inc. (RES) upgraded at Cowen... Sonoco (SON) upgraded to Neutral from Underperform at DA Davidson... Southwestern Energy (SWN) upgraded to Outperform from Market Perform at Raymond James... SunEdison (SUNE) upgraded to Outperform at Cowen... TSMC (TSM) upgraded to Buy from Neutral at Mizuho... Tesco (TESO) upgraded to Outperform from Market Perform at Cowen... UnitedHealth (UNH) upgraded to Outperform from Market Perform at Leerink... Xilinx (XLNX) upgraded to Outperform from Market Perform at Wells Fargo.
08:00 EDTTWCHBO may have fight with cable operators over OTT service price, Reuters says
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06:26 EDTHPHelmerich & Payne upgraded to Buy from Neutral at UBS
UBS upgraded Helmerich & Payne to Buy given the sell-off in shares and positive underlying industry fundamentals.
05:39 EDTEASeptember NPD video game software sales fell 36%, says Piper Jaffray
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