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Stock Market & Financial Investment News

News Breaks
August 25, 2014
10:00 EDTWPX, ELGX, TXRH, SBY, NMR, X, CBOEOn The Fly: Analyst Upgrade Summary
CBOE Holdings (CBOE) upgraded to Outperform from Market Perform at Raymond James... Silver Bay Realty (SBY) upgraded to Overweight from Neutral at JPMorgan... U.S. Steel (X) upgraded to Outperform from Underperform at Credit Suisse... Endologix (ELGX) upgraded to Buy from Neutral at BTIG... Texas Roadhouse (TXRH) upgraded to Overweight from Equal Weight at Stephens... WPX Energy (WPX) upgraded to Outperform from Sector Perform at Howard Weil... Nomura (NMR) upgraded to Outperform from Neutral at Credit Suisse.
News For CBOE;SBY;ELGX;X;TXRH;WPX;NMR From The Last 14 Days
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July 2, 2015
12:22 EDTNMRBrazil investigates banks for exchange rate manipulation
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July 1, 2015
16:42 EDTCBOECBOE Holdings reports June trading volumes up from year ago levels
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10:00 EDTTXRHOn The Fly: Analyst Initiation Summary
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06:09 EDTTXRHTexas Roadhouse initiated with a Neutral at Goldman
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June 30, 2015
14:34 EDTXIron ore producers slide after Australia cuts price target on the commodity
Shares of iron ore producers are falling after Reuters reported that Australia reduced its 2015 price forecast for iron ore to $54.40 a tonne from $60.40 a tonne. According to Reuters, Australia's current projection on iron ore prices is based on its view that China, the commodity's main market, will produce less steel in 2015 and 2016 as as the seaborne supply of iron ore increases. PRICE ACTION: Cliffs Natural Resources (CLF) is down over 10%, BHP Billiton (BHP) is lower by 2.3%, and Vale (VALE) is down 4% in afternoon trading. Steel stocks, including United States Steel (X), AK Steel Holding (AKS), and Nuco (NUE) are also sliding in afternoon trading.
June 25, 2015
10:42 EDTXU.S. Steel June weekly calls active
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07:16 EDTWPXWPX Energy to increase activity, EURs in Williston Basin
WPX Energy plans to increase its activity in the Williston Basin during the second half of 2015 by resuming completions and increasing its rig count from one to three before year-end. The decision follows significant process improvements, structural changes to lower costs, successful discussions with key vendors, a technical analysis of WPX’s well performance that led to higher estimated ultimate recoveries and favorable results from larger stimulations. WPX has rapidly driven costs out of its Williston operations. The company’s estimated drilling and completion costs in the basin are approaching $8 million per well with 6 million pound completions, representing a decrease of more than 30 percent vs. its average in 2014. The company is now recognizing a blended type curve of approximately 750 Mboe for its wells in the Middle Bakken and Three Forks formations, up 25 percent per well from previous estimates of 600 Mboe. This is based on historical well performance and the success of incremental completion changes WPX performed in late 2014. The company currently has an inventory of 14 Williston wells awaiting completion. This work is scheduled to resume in August, starting with a four-well pad. WPX is scheduled to test 10-million-pound stimulations with more stages, more entry points and a higher pump rate in the second half of 2015 using 100 percent sand on its Williston wells. The company previously used a combination of sand and ceramic proppant. WPX’s completion modifications include moving toward a higher intensity slick-water design targeting the potential to increase initial production rates and EURs even further. The company estimates $9 million drilling and completion costs per well to perform the larger 10-million-pound stimulations. Funding for additional Williston activity primarily is derived by redeploying cost savings the company is incurring and reallocating capital from its Piceance Basin operations to its Williston development. WPX plans to move to a one-rig program in the Piceance during the second half of the year and evaluate the extent of Piceance-related completions based on commodity prices. Total planned capital investments for full-year 2015 remain in line with the company’s previous guidance of staying within its projected operating cash flow.
June 24, 2015
07:35 EDTSBYSilver Bay Realty management to meet with JPMorgan
Meetings to be held in Baltimore/Philadelphia/Princeton on June 29 hosted by JPMorgan.
June 23, 2015
12:57 EDTNMRBarclays appoints Nomura’s Sherlund as software banking chair, Bloomberg says
Barclays (BCS) named Richard “Rick” Sherlund as chairman of software banking, Bloomberg reports, citing a company memo. Sherlund comes to the company from Nomura Holdings (NMR) where he worked for the past four years as a managing director and head of U.S. technology research, the report says.
09:36 EDTNMRNomura upgraded to Equal Weight from Underweight at Barclays
June 22, 2015
12:33 EDTXSteel stocks lag market after AK Steel sees Q2 results hindered by imports
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07:16 EDTWPXWPX Energy completes purchase of 14,300 net acres in Gallup oil window for $26M
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06:52 EDTSBYSilver Bay Realty management to meet with JMP Securities
Meeting to be held in New York on June 23 hosted by JMP Securities.
June 19, 2015
16:08 EDTWPXPoint72 Asset reports 5.0% passive stake in WPX Energy
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09:55 EDTWPXWPX Energy initiated with an Accumulate at Global Hunter
Target $15.

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