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Stock Market & Financial Investment News

News Breaks
May 22, 2014
07:20 EDTBWC, TISI, PWR, MTRX, MDR, KBR, GLPW, FLR, DRC, WGJohnson Rice to hold a conference
2014 Energy Infrastructure Conference to be held in Chicago on May 22.
News For BWC;DRC;FLR;GLPW;KBR;MDR;MTRX;PWR;TISI;WG From The Last 14 Days
Check below for free stories on BWC;DRC;FLR;GLPW;KBR;MDR;MTRX;PWR;TISI;WG the last two weeks.
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September 17, 2014
11:19 EDTDRCDresser-Rand, Sulzer said to plan merger, Bloomberg reports
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September 16, 2014
16:28 EDTDRCDresser-Rand initiated with a Buy at KeyBanc
Target $80.
September 15, 2014
09:59 EDTTISIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Realty (ARCP) initiated with an Overweight at JPMorgan... Athlon Energy (ATHL) initiated with a Buy at KLR Group... Capital Product (CPLP) initiated with a Buy at Jefferies... Continental Resources (CLR) initiated with a Buy at Canaccord... Costco (COST) initiated with a Buy at Citigroup... Infinera (INFN) initiated with an Outperform at Barrington... NRG Yield (NYLD) initiated with an Outperform at RBC Capital... PTC Therapeutics (PTCT) initiated with a Buy at Deutsche Bank... Power Solutions (PSIX) initiated with an Outperform at Northland... ServiceNow (NOW) initiated with an Outperform at William Blair... Target (TGT) initiated with a Neutral at Citigroup... Team (TISI) initiated with a Neutral at Sidoti... VeriFone (PAY) initiated with a Buy at Monness Crespi... Wal-Mart (WMT) initiated with a Neutral at Citigroup... Whiting Petroleum (WLL) initiated with a Buy at Canaccord... Winnebago (WGO) initiated with an Outperform at BMO Capital.
08:59 EDTTISITeam initiated with a Neutral at Sidoti
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07:02 EDTMDRMcDermott completes contract scope for Jack, St. Malo project
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September 11, 2014
06:10 EDTMTRXMatrix Service files $150M mixed securities shelf
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September 10, 2014
08:11 EDTKBRKBR wins licensing, design services contract, value not disclosed
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September 9, 2014
08:59 EDTWG, MDRDA Davidson's construction analyst holds an analyst/industry conference call
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07:27 EDTPWRQuanta Services management to meet with UBS
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07:02 EDTWG, FLRDA Davidson to hold a conference
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September 8, 2014
10:06 EDTMTRXOn The Fly: Analyst Upgrade Summary
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07:38 EDTPWRQuanta Services management to meet with UBS
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06:04 EDTMTRXMatrix Service upgraded to Buy from Hold at KeyBanc
KeyBanc upgraded Matrix Service to Buy due to valuation.
September 5, 2014
10:05 EDTMTRXOn The Fly: Analyst Upgrade Summary
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09:05 EDTMTRXMatrix Service weakness overdone, says DA Davidson
After Matrix reported lower than expected Q4 EPS and provided weaker than expected FY15 guidance, DA Davidson thinks the company's electrical business appears to be on a growth trajectory, while the momentum of its storage business should continue. The firm cut its price target on the shares to $36 from $40 but keeps a Buy rating on the stock.
07:24 EDTMTRXMatrix Service price target lowered to $31 from $39 at Stifel
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06:26 EDTMTRXMatrix Service upgraded to Overweight from Equal Weight at First Analysis
First Analysis upgraded Matrix Service to Overweight citing valuation following the sell-off on the Q4 report.
September 4, 2014
12:34 EDTMTRXOn The Fly: Midday Wrap
Stocks on Wall Street began the session in positive territory after the ECB lowered its benchmark interest rate and took additional measures in an attempt to stimulate the region’s economy. The averages had some early momentum, but found a level about an hour into trading around which they have since traded in a narrow range. ECONOMIC EVENTS: In the U.S., payroll provider ADP estimated private sector employment increased by 204K jobs in August, which was below the consensus forecast for 215K private sector jobs to have been added. Initial jobless claims rose 4K to 302K in the week ended August 30, which was close to the 300K estimate. The trade deficit narrowed slightly to $40.5B in July, beating expectations for a deficit of $42.5B. Second quarter nonfarm productivity growth was revised lower to 2.3% versus the 2.5% pace reported initially. Unit labor costs were revised down to a decrease of 0.1% from a rise of 0.6% estimated previously. Markit's services PMI for August came in at 59.5, versus a consensus forecast of 58.5. ISM's non-manufacturing PMI for August had a reading of 59.6, easily topping the 57.7 consensus estimate. In Europe, the European Central Bank unexpectedly cut the rate at which it issues short-term loans to banks to 0.05% from 0.15% and lowered its growth forecasts for 2014 and 2015. The ECB also announced plans to buy asset-backed securities, which the central bank's president Mario Draghi said will have a “sizable” impact on its balance sheet without providing further details on the size of the planned purchases. COMPANY NEWS: Shares of oil major BP (BP) trading in New York fell about 6% after a federal judge ruled that the company acted with "gross negligence" in causing the Gulf of Mexico spill in 2010 that was the biggest offshore oil spill in U.S. history. U.S. District Judge Carl Barbier, who held a trial without a jury over who was at fault, also found Transocean (RIG) and Halliburton (HAL) "negligent," but rested much more of the blame on BP, with 67% of the liability assigned to BP, 30% to Transocean and 3% to Halliburton. Afterward, BP said it "strongly disagrees" with the decision and will immediately appeal. MAJOR MOVERS: Among the notable gainers following their earnings reports were Mattress Firm (MFRM), which rose 12%, and Methode Electronics (MEI), which gained 16%. Also higher was Bolt Technology (BOLT), which surged 36% after the company agreed to be acquired by Teledyne Technologies (TDY) for $22.00 per share in cash. Shares of Teledyne advanced nearly 2% following last night's deal announcement. Among the noteworthy losers was Matrix Service (MTRX), which dropped 21% after its earnings for the just completed quarter and its profit forecast for its new fiscal year fell short of analysts' expectations. Also lower following their earnings reports were Ciena (CIEN), which fell over 7%, and Shoe Carnival (SCVL), which dropped more than 10%. INDEXES: Near midday, the Dow was up 43.83, or 0.26%, to 17,122.11, the Nasdaq was up 15.15, or 0.33%, to 4,587.71, and the S&P 500 was up 5.23, or 0.26%, to 2,005.95.
09:10 EDTWGWillbros Group CEO to retire on January 2, 2015
Willbros Group CEO of the company since January 2007, Robert R. Harl, is retiring when his current employment agreement expires on January 2, 2015. John T. McNabb, II, non-executive Chairman of the Board of the company, has been elected by the Willbros board of directors as Executive Chairman of the Board on an interim basis, effective immediately. Willbros is continuing its search to identify a successor to Mr. Harl. It is anticipated that Mr. McNabb will step down as executive chairman of the board and continue to serve as a director, once a successor has been selected and is in place.
09:06 EDTMTRXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PVH Corp. (PVH), up 9%... Verifone (PAY), up 3.8%... Methode Electronics (MEI), up 13%... Bazaarvoice (BV), up 9%. ALSO HIGHER: Bolt Technology (BOLT), up 35.7% after Teledyne (TDY) agrees to acquire the company for $22 per share in cash... Mitek Systems (MITK), up 58% after USAA lawsuit settlement... Tibco Software (TIBX), up 7% after announcing that it is reviewing strategic alternatives... Stereotaxis (STXS), up 22% after receiving FDA clearance for Vdrive with V-Loop system... NewLink (NLNK), up 3.4% after reporting FDA approval for Phase 1 clinical studies of Ebola vaccine. DOWN AFTER EARNINGS: Ciena (CIEN), down 3%... Joy Global (JOY), down 1%... Matrix Service (MTRX), down 11%... Mobileye (MBLY), down 1.3%. ALSO LOWER: Yum! Brands (YUM), down 2.8% after updating third quarter China division same-store sales guidance... 3D Systems (DDD), down 2.9% after downgraded at Pacific Crest... GoPro (GPRO), down 3.5% after downgraded at JPMorgan... Shanda Games (GAME), down 4% after announcing reconstitution of special committee.
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