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Stock Market & Financial Investment News

News Breaks
June 3, 2014
04:55 EDTCAMP, CAMP, TYL, TYL, LL, LL, OSIS, OSIS, WIN, WIN, DDD, DDD, FAF, FAF, LKQ, LKQ, SLAB, SLAB, EPAY, EPAY, FLIR, FLIR, AJG, AJG, ISIL, ISILStephens to hold a conference
Spring Investment Conference to be held in New York on June 3-4.
News For CAMP;AJG;FLIR;EPAY;SLAB;LKQ;FAF;DDD;WIN;OSIS;LL;TYL;ISIL From The Last 14 Days
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November 24, 2014
17:28 EDTFLIRFLIR Systems announces favorable verdict in litigation matter
FLIR Systems (FLIR) announced that the company and its subsidiary, Indigo Systems, now known as FLIR Commercial Systems, have received a favorable verdict in a previously disclosed lawsuit filed by Raytheon (RTN). A jury in the United States District Court for the Eastern District of Texas rejected Raytheon's allegations that Indigo, prior to its acquisition by FLIR in 2004, and FLIR misappropriated 31 trade secrets owned by Raytheon. The jury determined that 27 of the 31 alleged trade secrets were not in fact Raytheon trade secrets and that neither FLIR nor Indigo misappropriated any of 31 trade secrets that were claimed. No damages were awarded against FLIR and Indigo. The court will decide whether or not to award FLIR and Indigo their attorney's fees as the prevailing parties under the Texas Theft Liability Act.
16:34 EDTDDDOn The Fly: Closing Wrap
Stocks on Wall Street opened in quiet fashion and trading remained that way throughout the day. The Dow and S&P moved in a narrow range and hugged the flat line, while the Nasdaq drifted steadily higher and added nearly 1% by the close of trade. ECONOMIC EVENTS: In the U.S., the Chicago Fed national activity index fell to 0.14 in October, versus expectations for a reading of 0.33. Markit's services PMI fell to 56.3 in the flash reading for November, versus expectations for a slight increase to 57.3 from its prior reading of 57.1. The Dallas Fed manufacturing index was steady at 10.5 in November, versus expectations for a 9.0 reading. Overseas, the euro area’s largest economy, Germany, saw a business climate index advance to 104.7 in November from 103.2 in October, beating economists' prediction for a decline to a reading of 103. COMPANY NEWS: Apple (AAPL) had a role in the Nasdaq's outperformance, as the tech giant climbed after a number of research firms, including Susquehanna, Cantor and KGI Research, were upbeat on the outlook for the company's performance during the holiday season. The iPhone maker's stock rose $2.15, or 1.85%, to close at $118.62 to close just below the 52-week high of $118.77 it hit late in the session... United Technologies (UTX) fell $1.51, or 1.37%, to $108.79 after the Dow member announced that Louis Chenevert had retired as Chairman and CEO, effective immediately. The company reaffirmed its expectations for 2014 earnings per share and sales, but provided little information regarding the abrupt exit of the executive. MAJOR MOVERS: Among the notable gainers was Prosensa (RNA), which surged $7.16, or 62.59%, to $18.60 after the small drugmaker agreed to be acquired by larger BioMarin (BMRN). After the deal announcement BioMarin shares also rose $2.11, or 2.46%, to $87.94, while Sarepta Therapeutics (SRPT), which is working on a Duchenne muscular dystrophy treatment to rival Prosensa's, advanced 88c, or 5.59%, to $16.61. Also higher was Cimatron (CIMT), which jumped $2.57, or 42.27%, to $8.65 after 3D Systems (DDD) agreed to buy the company for approximately $97M, or $8.97 per share, in cash. Among the noteworthy losers was Ring Energy (REI), which fell $1.28, or 9.54%, to $12.14 after Canaccord downgraded the stock to Hold from Buy, citing the the recent decline in crude oil prices and the potential need for the company to raise capital. Also lower were shares of Potash (POT), which fell $2.23, or 6.09%, to $34.40, and Mosaic (MOS), which slid $1.75, or 3.71%, to $45.46 after Russia's Uralkali, the world's largest potash producer, was reported to be set to start repair work at part of its damaged mine. INDEXES: The Dow added 7.84, or 0.04%, to 17,817.90, the Nasdaq rose 41.92, or 0.89%, to 4,754.89, and the S&P 500 gained 5.91, or 0.29%, to 2,069.41.
12:59 EDTDDDOn The Fly: Midday Wrap
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10:00 EDTLLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aruba Networks (ARUN) upgraded to Outperform from Market Perform at Raymond James... Banco Bilbao (BBVA) upgraded to Neutral from Underperform at BofA/Merrill... Berry Plastics (BERY) upgraded to Outperform from Market Perform at BMO Capital... Denny's (DENN) upgraded to Buy from Neutral at Janney Capital... Hess Corp. (HES) upgraded to Outperform from Market Perform at Raymond James... Huaneng Power (HNP) upgraded to Buy from Neutral at BofA/Merrill... Infoblox (BLOX) upgraded to Buy from Hold at Needham... Kate Spade (KATE) upgraded at BofA/Merrill... Lumber Liquidators (LL) upgraded to Overweight from Equal Weight at Morgan Stanley... Occidental Petroleum (OXY) upgraded to Strong Buy from Outperform at Raymond James... PT Indosat (IIT) upgraded to Buy from Neutral at Nomura... Silvercorp Metals (SVM) upgraded to Outperform from Market Perform at Raymond James... Toro Company (TTC) upgraded to Buy from Neutral at Longbow... United Microelectronics (UMC) upgraded to Market Perform from Underperform at Bernstein.
09:23 EDTLL, DDDOn The Fly: Pre-market Movers
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06:15 EDTLLLumber Liquidators upgraded to Overweight from Equal Weight at Morgan Stanley
Morgan Stanley upgraded Lumber Liquidators to Overweight with an $85 price target. The firm believes gross margin worries are overdone and 2014 comp declines should be a bottom. Morgan Stanley's checks indicate non-weather regions are healthy with mid single digit comp growth and weather impacted regions have improved since August.
05:34 EDTDDD3D Systems to acquire Cimatron for $8.97 per share
3D Systems (DDD) and Cimatron (CIMT) announced a definitive agreement under which 3DS will acquire all of the outstanding shares of Cimatron for $8.97 per share in cash, subject to certain adjustments for Cimatron transaction expenses, for a total of approximately $97M, inclusive of its net cash. The boards of both companies have unanimously approved the proposed transaction. The companies expect the transaction to close in 1Q15.
November 23, 2014
14:29 EDTDDD3D printing draws regulatory scrutiny as its applications spread, FT says
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November 20, 2014
16:32 EDTWINWindstream to reduce workforce by 350 positions by December
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12:00 EDTDDDAnalyst sees new competition shaking up 3D printing market
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09:17 EDTTYLTyler Technologies signs agreement with Texas CPA for Orion
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07:33 EDTDDD3D Systems likely to lower prices amid new competition, says Jefferies
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November 19, 2014
15:02 EDTAJGArthur J. Gallagher acquires Miller-Harrison Insurance Services
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09:18 EDTTYLTyler Technologies' ERP, Incode solutions selected by Murfreesboro, TN
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November 18, 2014
09:56 EDTISILOn The Fly: Analyst Initiation Summary
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09:50 EDTTYLTyler Technologies management to meet with Maxim
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08:36 EDTAJGGallagher Bassett Services contract to move to run-off status
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06:04 EDTISILIntersil initiated with an Outperform at Northland
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November 17, 2014
13:12 EDTDDD3D Systems rises after insider buy, Voxeljet slips after downgrade
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09:57 EDTDDD3D Systems up 3.5% in early trading following Chairman stock purchase
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