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Stock Market & Financial Investment News

News Breaks
January 22, 2014
10:04 EDTCAE, INTC, TW, QSII, LOGM, DLTR, ESV, VZ, TRGP, ORCL, HOLX, CBL, HERO, TRV, SPN, MOS, GSKOn the Fly: Analyst Downgrade Summary
CAE (CAE) downgraded to Hold from Buy at Canaccord... CBL & Associates (CBL) downgraded to Market Perform from Outperform at Cowen... Dollar Tree (DLTR) downgraded to Neutral from Buy at Sterne Agee... GlaxoSmithKline (GSK) downgraded to Market Perform from Outperform at Cowen... Hologic (HOLX) downgraded to Buy from Strong Buy at ISI Group... LogMeln (LOGM) downgraded to Market Perform from Outperform at Cowen... Mosaic (MOS) downgraded to Sell from Neutral at Goldman... Oracle (ORCL) downgraded to Perform from Outperform at Oppenheimer... Quality Systems (QSII) downgraded to Cautious from Neutral at ISI Group... Superior Energy (SPN) downgraded to Market Perform from Outperform at Wells Fargo... Targa Resources (TRGP) downgraded to Hold from Buy at Jefferies... Towers Watson (TW) downgraded to Neutral from Buy at Citigroup... Travelers (TRV) downgraded to Outperform from Top Pick at RBC Capital... Verizon (VZ) downgraded to Sector Perform from Outperform at Pacific Crest... Intel (INTC) downgraded to Hold from Buy at Drexel Hamilton... Hercules Offshore (HERO) downgraded to Accumulate from Buy at Tudor Pickering... Ensco (ESV) downgraded to Hold from Buy at Tudor Pickering.
News For CAE;CBL;DLTR;GSK;HOLX;LOGM;MOS;ORCL;QSII;SPN;TRGP;TW;TRV;VZ;INTC;HERO;ESV From The Last 14 Days
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May 18, 2015
07:03 EDTTRGPTarga Resources downgraded to Neutral from Buy at Goldman
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May 17, 2015
16:50 EDTORCLWhite House wavers on backing Google, Oracle in copyright suit, Reuters says
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May 15, 2015
17:33 EDTLOGM, DLTRPoint72 Asset Management gives quarterly update on stakes
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17:15 EDTVZPaulson & Co. gives quarterly update on stakes
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16:21 EDTVZStocks end week little changed as data, deals offset bond yield jumps
Stocks ended the week little changed as a number of M&A deals and a few relatively strong economic data points offset worries about rising bond yields. MACRO NEWS: U.S. weekly jobless claims came in better than expected and reached the lowest four-week average level in 15 years... In Europe, the combined GDP of the 19 eurozone countries grew 0.4% in the first quarter, which was a bit weaker than the 0.5% consensus growth forecast but a pickup from the 0.3% growth pace of the final quarter of last year. Of note, all four of the euro zone's largest economies recorded growth in the same quarter for the first time since the first half of 2010... The People's Bank of China reduced its one year interest rate by 0.25%, marking the third time in the last six months that the central bank has cut benchmark rates... Bond yields surged in many of the world's largest economies, raising worries about inflation and putting pressure on stocks in the beginning of the week. COMPANY NEWS: There was a significant amount of M&A activity again this week, with the headliner being Verizon's (VZ) deal to acquire AOL (AOL) for $50 per share in a transaction valued at $4.4B. Danaher (DHR) agreed to buy purification technologies supplier Pall Corporation (PLL) for $127.20 per share in cash. Danaher also announced that it plans to split itself into two publicly traded companies. Energy infrastructure company Williams (WMB) announced a simplification deal to buy its affiliate Williams Partners (WPZ) for $13.9B in an all-stock transaction. Energy exploration company Noble Energy (NBL) agreed to acquire Rosetta Resources (ROSE) in an all-stock deal. Noble is buying Rosetta for $2.1B in stock plus the assumption of Rosetta's net debt of $1.8B... Alibaba (BABA) acquired a 9.3% stake in Zulily (ZU), an e-commerce retailer geared toward women. A person familiar with the matter reportedly told the Wall Street Journal that the Chinese e-commerce giant is not pursuing an outright acquisition of the U.S. company, however... Shares of Netflix (NFLX) jumped Friday and hit a new all-time high after Bloomberg reported that the company is in talks with Wasu Media, a Chinese media company backed by Alibaba Executive Chairman Jack Ma, about forming a partnership to bring its content to China... Nelson Peltz's Trian Fund Management lost its proxy fight with DuPont (DD) as Trian did not succeed in getting its nominees elected to the DuPont board. INDEXES: For the week, the Dow rose 0.45% to 18,272.56, the Nasdaq gained 0.89% to 5,048.29, and the S&P 500 climbed 0.31% to 2,122.73.
15:11 EDTGSKGlaxoSmithKline reports 16.12% stake in HTG Molecular
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14:15 EDTDLTRDollar Tree volatility flat into Q1 and outlook
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11:08 EDTTRGPOmega Advisors gives quarterly update on stakes
NEW STAKES: Targa Resources (TRGP), Targa Resources Partners (NGLS), Humana (HUM), Dow Chemical (DOW), and Twenty-First Century Fox (FOXA). INCREASED STAKES: Kinder Morgan (KMI), Chimera Investment Corporation (CIM), AerCap Holdings (AER), Shire (SHPG), and KKR & Co. (KKR). DECREASED STAKES: eBay (EBAY), Altisource Portfolio Solutions (ASPS), Caesars Entertainment (CZR), Navient (NAVI), and TerraForm Power (TERP). LIQUIDATED STAKES: HCA Holdings (HCA), Gilead (GILD), Cabot Oil & Gas (COG), and Apple (AAPL).
09:31 EDTGSKAmerican Thoracic Society to hold a conference
ATS 2015 Conference is being held in Denver on May 15-20.
08:46 EDTVZMobile operators ad blocking plan sets up fight with Google, FT reports
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06:13 EDTINTCISS, Glass Lewis advise Intel investors to vote 'no' on eBay CEO, WSJ reports
ISS and Glass, Lewis & Co, two influential proxy advisory firms, are recommended Intel (INTC) investors vote against the reelection of eBay (EBAY) CEO John Donahoe to the company's board, The Wall Street Journal reports. Citing what it characterized as a poor attendance record, Glass Lewis commented "We view this as a failure by this director to fulfill a fundamental responsibility to represent shareholders at such meetings," while ISS said Donahoe "lacked a valid excuse" for attending less than 75% of the meetings held by the Intel board and committees he serves on in 2014. Intel's annual shareholders meeting is scheduled for May 21. Reference Link
May 14, 2015
16:14 EDTMOSMosaic up 1% after announcing new $1.5B buyback plan, dividend increase
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16:12 EDTMOSMosaic announces new $1.5B share buyback plan, raises dividend to 27.5c
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16:11 EDTMOSMosaic increases dividend to 27.5c from 25c
16:11 EDTMOSMosaic announces New $1.5B share repurchase authorization
10:00 EDTSPNOn The Fly: Analyst Upgrade Summary
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06:07 EDTVZAOL CEO could net almost $180M in company sale to Verizon, WSJ reports
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06:06 EDTVZDISH plans to enter wireless business, Yahoo reports
DISH (DISH) plans to enter the wireless business in an attempt to become the only provider to offer wireless voice, video and data services, Adam Samson of Yahoo Finance reports, citing an internal document. The document, marked confidential, obtained by Yahoo indicates Dish is looking to hire a chief marketing officer to help guide its move into the wireless space, Samson adds. The move comes after DISH acquired nearly half of the spectrum licenses offered in a U.S. government auction. The top U.S. wireless providers are Verizon (VZ), AT&T (T), T-Mobile (TMUS) and Sprint (S). Reference Link
05:34 EDTVZAOL downgraded to Neutral from Buy at UBS
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05:27 EDTSPNSuperior Energy upgraded to Outperform from Perform at Oppenheimer
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