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News Breaks | | | | March 8, 2013 | | 16:41 EDT |  | ZZ, KKR, C, FL, TPX, GDI, SKUL, P, MCD | On The Fly: Closing Wrap
Stocks on Wall Street were higher after positive jobs data that indicated employers added more jobs than expected and the unemployment rate fell. The market opened higher before quickly erasing those gains near mid-morning, though the markets moved steadily higher off those lows through the session... ECONOMIC EVENTS: In the U.S., nonfarm payrolls climbed 236K in February, well above the forecast for the addition of 165K jobs. Also, the unemployment rate fell to 7.7% from 7.9%, which was a greater decline than expected. Wholesale inventories rose 1.2% January, versus expectations for a 0.3% advance in the month... COMPANY NEWS: Following the Federal Reserve's report on its latest "stress tests," in which it said the nation's largest banks are collectively in a much stronger capital position than before the financial crisis. Citigroup (C) gained $1.68, or 3.73%, to $46.68 after announcing that its capital plan submitted to the Fed requested a $1.2B common stock buyback program as well as the maintenance of its current quarterly dividend of 1c per share... McDonald's (MCD) shares were up $1.62, or 1.67%, to $98.71 after the company reported its same-store sales fell 1.5% during February, a less-than-expected decline, with the company adding that results would have been even better if not for a calendar shift... Gardner Denver (GDI) announced it had agreed to be acquired by KKR (KKR) for $76 per share in cash, though shares added just 89c, or 1.21%, to $74.74 as the acquisition had been roundly telegraphed in recent media reports... MAJOR MOVERS: Among the notable gainers was Pandora (P), up $2.06, or 17.56%, to $13.79 after reporting stronger than expected fourth quarter revenues, announcing the resignation of its CEO, and receiving at least three analyst upgrades. Also higher was Tempur-Pedic (TPX), up $2.48, or 5.82%, to $45.10 after the company announced it received FTC clearance for its acquisition of Sealy (ZZ). Among the noteworthy losers was Skullcandy (SKUL), down $1.51, or 22.47%, to $5.21 after it provided disappointing guidance and its shares were downgraded by at least six firms. Also lower were shares of Foot Locker (FL), down $2.52, or 7.14%, to $32.79 after its quarterly report, though shares were defended by at least four analyst firms...INDICES: The Dow was up 67.58, or 0.47%, to 14,397.07; the S&P 500 was up 6.92, or 0.45%, to 1,551.18; the Nasdaq was up 12.28, or 0.38%, to 3,244.37. | |
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News For C;MCD;GDI;KKR;P;TPX;ZZ;SKUL;FL From The Last 14 Days Check below for free stories on C;MCD;GDI;KKR;P;TPX;ZZ;SKUL;FL the last two weeks. |
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| May 17, 2013 | | 13:21 EDT |  | GDI | Options with increasing implied volatility: CPRT BMY GDI HNZ
 Subscribe for More Information | | | 10:07 EDT |  | P | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 10:07 EDT |  | P | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Neutral from Buy at SunTrust... Aruba Networks (ARUN) downgraded to Perform from Outperform at Oppenheimer... CAE (CAE) downgraded to Sector Perform from Outperform at RBC Capital... City Holding (CHCO) downgraded to Market Perform from Outperform at Keefe Bruyette... Deere (DE) downgraded to Sell from Neutral at Goldman... Disney (DIS) downgraded to Neutral from Overweight at Atlantic Equities... HSBC (HBC) downgraded to Neutral from Outperform at Exane BNP Paribas... L Brands (LTD) downgraded to Underperform from Hold at Jefferies... Manning & Napier (MN) downgraded to Underperform from Neutral at BofA/Merrill... MeadWestvaco (MWV) downgraded to Underperform from Sector Perform at RBC Capital... National Grid (NGG) downgraded to Neutral from Outperform at Exane BNP Paribas... Savient (SVNT) downgraded to Market Perform from Outperform at William Blair... Stryker (SYK) downgraded to Reduce from Neutral at SunTrust... TRW Automotive (TRW) downgraded to Hold from Buy at Deutsche Bank... Universal Health (UHS) downgraded to Neutral from Positive at Susquehanna... Williams-Sonoma (WSM) downgraded to Neutral from Buy at BofA/Merrill... Zimmer (ZMH) downgraded to Reduce from Neutral at SunTrust... Aviva (AV) downgraded to Underperform from Sector Perform at RBC Capital... Pandora (P) downgraded to Hold from Buy at Maxim... Lumos Networks (LMOS) downgraded to Neutral from Buy at DA Davidson... Brocade (BRCD) downgraded to Underperform from Market Perform at William Blair... Applied Materials (AMAT) downgraded to Neutral from Buy at DA Davidson... Cosi (COSI) downgraded to Market Perform from Outperform at Northland Securities. | | | 09:22 EDT | | P | Pandora downgraded to Hold from Buy at Maxim
Maxim downgraded Pandora based on valuation. | | | 07:30 EDT | | P | Pandora initiated with a Sell at MKM Partners
Subscribe for More Information | | | 06:15 EDT |  | MCD | McDonald's to reduce its menu, Bloomberg reports
Subscribe for More Information | | | May 16, 2013 | | 09:32 EDT |  | P, P | Pandora mentioned positively at OTR Global
| | | 08:51 EDT | | P | Pandora fundamentals remain strong, says Canaccord
Subscribe for More Information | | | 08:33 EDT |  | C | BofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. | | | 07:18 EDT | | C | Investors bet on banks hit by credit crisis, Bloomberg reports
Subscribe for More Information | | | | 07:11 EDT | | KKR | Some asset managers want investors to buy their shares, Reuters reports
Subscribe for More Information | | | 06:41 EDT | | C | Big banks to benefit from U.S. concession on derivatives, NY Times says
Subscribe for More Information | | | 06:17 EDT | | P | Pandora price target raised to $20 from $17 at Piper Jaffray
Subscribe for More Information | | | 06:08 EDT | | KKR | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | May 15, 2013 | | 17:03 EDT |  | C | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). | | | 16:02 EDT | | C | Options Update; May 15, 2013
Subscribe for More Information | | | 15:32 EDT | | C | Citigroup April net charge-offs 3.11% vs. 3.19% last month
Citigroup April delinquencies 2.1% vs. 2.17% last month | | | 11:48 EDT | | C | Appaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M. | | | 11:20 EDT | | GDI | Options with increasing implied volatility: QCOR MYGN GDI
Subscribe for More Information | | | 09:19 EDT | | P | On The Fly: Pre-market Movers
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