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Stock Market & Financial Investment News

News Breaks
May 2, 2014
10:00 EDTMON, SLM, NAVI, HAR, GNTX, CBMX, MRVL, GTE, GST, KORS, KATE, THRM, GCAP, MEIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: CombiMatrix (CBMX) initiated with a Buy at Ladenburg... GAIN Capital (GCAP) initiated with an Outperform at Keefe Bruyette... Gastar Exploration (GST) initiated with a Buy at Wunderlich... Gentex (GNTX) initiated with an Outperform at FBR Capital... Gentherm (THRM) initiated with a Market Perform at FBR Capital... Gran Tierra (GTE) initiated with a Neutral at Goldman... Harman (HAR) initiated with a Market Perform at FBR Capital... Kate Spade (KATE) initiated with a Buy at Nomura... Marvell (MRVL) initiated with an Equal Weight at Morgan Stanley... Methode Electronics (MEI) initiated with an Outperform at FBR Capital... Michael Kors (KORS) initiated with a Buy at Nomura... Monsanto (MON) initiated with an Outperform at BMO Capital... Navient (NAVI) initiated with an Equalweight at Barclays... Sallie Mae (SLM) initiated with a Neutral at Janney Capital.
News For CBMX;GCAP;GST;GNTX;THRM;GTE;HAR;KATE;MRVL;MEI;KORS;MON;NAVI;SLM From The Last 14 Days
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December 11, 2014
10:13 EDTGSTOn The Fly: Analyst Upgrade Summary
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09:16 EDTMEIOn The Fly: Pre-market Movers
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08:54 EDTGSTGastar Exploration upgraded to Buy from Hold at Noble Financial
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06:59 EDTMEIMethode Electronics raises FY15 EPS to $2.20-$2.30 from $2.10-$2.20
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06:58 EDTMEIMethode Electronics: Q2 benefited by volumes in Automotive & Power Products
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06:56 EDTMEIMethode Electronics reports Q2 EPS 66c, consensus 55c
Reports Q2 revenue $229.7MM, consensus $220.51M
06:05 EDTGTEGran Tierra sees 2015 production 26K BOE/D-27K BOE/D gross working interest
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06:05 EDTGTEGran Tierra announces $310M capital spending program for 2015
Gran Tierra announced its 2015 Budget with a capital spending program of $310M for its exploration and production development operations in Colombia, Peru and Brazil. The capital spending program allocates $183M for drilling, $69M for facilities, equipment and pipelines, $56M for geological and geophysical activities and $2M associated with corporate activities. The capital spending program currently contemplates the drilling of 11 gross wells in Colombia and two gross wells in Peru. Approximately 70% of the drilling program is for development and appraisal drilling and approximately 30% is for exploration drilling. Gran Tierra Energy is expecting 2015 production to average 26K BOE/D-27KBOEP/D gross working interest or 21KBOE/D-22KBOE/D net after royalty assuming an average Brent oil price of $60 per barrel. Country Drilling Facilities & Pipelines Geological & Geophysical Total Colombia $94 $36 $26 $156 Peru $77 $24 $17 $118 Brazil $12 $9 $13 $34 Total $183 $69 $56 $310* *Total includes $2MM associated with corporate work (US$ MM Net) Gran Tierra Energy is expecting 2015 production to average between 26,000 and 27,000 barrels of oil equivalent per day ("BOEPD") gross working interest ("WI") or between 21,000 and 22,000 BOEPD net after royalty ("NAR") assuming an average Brent oil price of $60 per barrel used for 2015 Budget purposes. After royalty production numbers will increase with falling oil prices and conversely decrease with rising oil prices as a result of the royalty formula calculations related to our license contracts in Colombia. Production from Colombia is expected to deliver approximately 19,000 BOEPD NAR, with Costayaco contributing approximately 10,400 BOEPD NAR and Moqueta contributing approximately 6,100 BOEPD NAR assuming a 2% contingency for potential delivery disruptions. The 2015 Budget also includes first production from Peru of approximately 1,600 BOEPD NAR, and approximately 900 BOEPD NAR from Brazil. Production expectations do not include potential production from successful exploration wells. Approximately 99% of this expected production consists of oil, with the balance consisting of natural gas. Gran Tierra Energy had $360 million in cash and cash equivalents and no debt at the end of the third quarter 2014. Based on current oil prices, Gran Tierra Energy expects the 2015 work program and budget to be funded from cash flows from operations, cash on hand and periodic draws on our credit facility if needed.
December 10, 2014
15:25 EDTMEINotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Lululemon (LULU), consensus 38c; RadioShack (RSH), consensus ($1.04); Ciena (CIEN), consensus 13c; Methode Electronics (MEI), consensus 55c.
12:04 EDTMONUSDA lowers 2014/15 soybean ending stock forecast
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08:04 EDTMRVLBroadcom price target raised to $52 from $48 at Oppenheimer
Oppenheimer raised its price target on Broadcom as the firm believes that the tone at the company's Analyst Day was positive. The firm thinks the company's networking unit looks poised for further share gains at Marvell's (MRVL) expense. Oppenheimer continues to recommend buying the stock.
07:56 EDTMONUBS to hold a conference
Agriculture Investor Day is being held in Chicago on December 10.
07:35 EDTGCAPGAIN Capital reports November retail volume $221.0B, institutional volume $391B
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December 9, 2014
10:23 EDTKATE, KORSOn The Fly: Analyst Initiation Summary
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06:53 EDTKATEKate Spade initiated with an Equal Weight at Stephens
Target $33.
06:53 EDTKORSMichael Kors initiated with an Overweight at Stephens
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December 5, 2014
11:45 EDTGNTXGentex announces two-for-one stock split effected as 100% dividend
Gentex Corporation announced a two-for-one stock split effected in the form of a 100% common stock dividend entitling each shareholder of record to receive one additional share of common stock for each outstanding share of the company's common stock, par value 6c per share. This stock dividend will be issued on December 31 to shareholders of record at the close of business on December 17. The company's recently announced quarterly cash dividend of 16c per share payable on January 20, 2015, to shareholders of record at the close of business on January 7, 2015, will now be 8c to reflect the above-described stock dividend. In addition, the company announced that it has repurchased approximately 547,175 shares of its common stock during the current quarter for approximately $20M, from the beginning of such quarter, through the date of the release.
December 4, 2014
10:08 EDTGNTXOn The Fly: Analyst Upgrade Summary
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07:32 EDTGNTXGentex upgraded at KeyBanc
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06:04 EDTGNTXGentex upgraded to Buy from Hold at KeyBanc
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