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Stock Market & Financial Investment News

News Breaks
April 11, 2014
12:42 EDTCEB, PNW, AOS, HUBG, COP, CHRW, LKQ, ZNGA, AMTD, SFLY, ST, LNCO, KBH, JAKK, F, ETFC, TITNOn The Fly: Analyst Upgrade Summary
BofI Holding (BOFI) upgraded to Outperform from Market Perform at Keefe Bruyette... Corporate Executive Board (CEB) upgraded to Buy from Hold at Deutsche Bank... E-Trade (ETFC) upgraded to Overweight from Underweight at Barclays... Ford (F) upgraded to Buy from Hold at Deutsche Bank... Imperva (IMPV) upgraded to Buy from Neutral at Sterne Agee... JAKKS Pacific (JAKK) upgraded to Outperform from Market Perform at BMO Capital... KB Home (KBH) upgraded to Market Perform from Underperform at Keefe Bruyette... LinnCo (LNCO) upgraded to Buy from Neutral at UBS... Sensata (ST) upgraded to Buy from Neutral at Longbow... Shutterfly (SFLY) upgraded to Buy from Neutral at Goldman... SolarWinds (SWI) upgraded to Outperform from Market Perform at Cowen... TD Ameritrade (AMTD) upgraded to Overweight from Equalweight at Barclays... Toyota (TM) upgraded to Buy from Hold at Jefferies... Zynga (ZNGA) upgraded to Equal Weight from Underweight at Morgan Stanley... LKQ Corp. (LKQ) upgraded to Outperform from Market Perform at Barrington... Imperva (IMPV) upgraded at Sterne Agee... C.H. Robinson (CHRW) upgraded to Buy from Hold at BB&T... ConocoPhillips (COP) upgraded at Morgan Stanley... Hub Group (HUBG) upgraded to Strong Buy from Market Perform at Raymond James... A.O. Smith (AOS) upgraded to Outperform from Neutral at RW Baird... Pinnacle West (PNW) upgraded to Buy from Hold at Argus... Titan Machinery (TITN) upgraded to Neutral from Underperform at Longbow.
News For CEB;ETFC;F;JAKK;KBH;LNCO;ST;SFLY;AMTD;ZNGA;LKQ;CHRW;COP;HUBG;AOS;PNW;TITN From The Last 14 Days
Check below for free stories on CEB;ETFC;F;JAKK;KBH;LNCO;ST;SFLY;AMTD;ZNGA;LKQ;CHRW;COP;HUBG;AOS;PNW;TITN the last two weeks.
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September 10, 2014
16:31 EDTSTSensata initiated with an Equal Weight at Morgan Stanley
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10:00 EDTCHRW, HUBGOn The Fly: Analyst Initiation Summary
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10:00 EDTHUBGOn The Fly: Analyst Downgrade Summary
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09:17 EDTFChina mulls easing car dealer restrictions, Bloomberg says
China's Ministry of Commerce is considering whether to ease rules on car dealers and allow them to sell vehicles from multiple brands in the same store, according to Bloomberg, citing people familiar with the matter. Note that both Bitauto (BITA) and Autohome (ATHM), which operate automobile buyer focused websites in China, were down significantly during yesterday's trading, though it is unclear if the reported new regulations play a role in their share weakness. Publicly traded carmakers include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
08:35 EDTAMTDTD Ameritrade reports August client trades down 6% vs. July
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08:32 EDTHUBGHub Group downgraded to Market Perform from Strong Buy at Raymond James
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08:22 EDTCOPBofA/Merrill oil and gas analysts hold an analyst/industry conference call
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05:44 EDTHUBGHub Group initiated with an Equal Weight at Barclays
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05:43 EDTCHRWC.H. Robinson initiated with an Equal Weight at Barclays
Target $70.
September 9, 2014
16:44 EDTHUBGHub Group sees intermodal volume flat or down slightly for remainder of year
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16:39 EDTHUBGHub estimates that settlement amount for drivers case is approximately $9.5M
Hub Group disclosed in a regulatory filing that "as previously reported in a Form 10-K and 10-Q, a complaint was filed in the U.S. District Court for the Eastern District of California by Salvador Robles against our subsidiary, Comtrak Logistics, now known as Hub Group Trucking. The complaint seeks class certification on behalf of a class comprised of present and former California-based truck drivers for Hub Group Trucking who were classified as independent contractors, from January 2009 to the present. The complaint alleges Hub Group Trucking has misclassified such truck drivers as independent contractors and that such drivers were employees. A second complaint alleging substantially similar claims was filed in the Superior Court of the State of California for the County of San Bernardino on July 24, but the company has not been served with a copy of that complaint. The company believes that the independent contractor truck drivers were properly classified as independent contractors at all times. Nevertheless, because lawsuits are expensive, time-consuming and could interrupt our business operations, we have decided to make settlement offers to individual drivers with respect to the claims alleged in the lawsuits, without admitting liability. The company estimates that the total settlement amount, if all drivers accept the offers, is approximately $9.5M. To date, a substantial number of the independent contractors have decided to accept the settlement offer. We are also changing our business model in California from independent contractor truck drivers to employee drivers. In the Los Angeles and Stockton markets, the cost of the employee driver model will initially be higher than the independent contractor model and will fluctuate depending on the cost of various factors, including claims, repairs and fuel. We estimate that the impact of the change in the model for the remainder of the year would be between two and four cents per share. In addition, we expect a total of approximately $1M (or about two cents per share) of one time costs in the last half of 2014 for legal, travel and communication costs related to the settlements and model change implementation."
10:25 EDTKBHGundlach sees homebuilder stocks continuing to disappoint
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10:10 EDTCOPOn the Fly: Analyst Upgrade Summary
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09:12 EDTTITNOn The Fly: Pre-market Movers
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08:06 EDTTITNTitan Machinery cuts FY15 adjusted EPS view to 30c-60c from 70c-$1.00
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07:40 EDTCOPConocoPhillips upgraded to Neutral from Underperform at BofA/Merrill
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07:17 EDTFThe Wireless Association to hold a conference
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06:47 EDTTITNTitan Machinery CEO: We remain encouraged by improvement in construction
CEO David Meyer adds, "The Agriculture industry continues to face a number of headwinds, including lower projected net farm income, and lower corn and soybean prices. This has impacted farmers’ sentiment and resulted in lower farmer spending for equipment as well as more cautious spending on parts and services. While this impacted our financial results in the quarter, we remain confident in our business model as well as the long-term agriculture industry outlook as farmers continue to carry strong balance sheets and the underlying demand for commodities rebuilds. Our International business continued to face challenges, including the impact of regional flooding in Serbia and Bulgaria as well as the geopolitical turmoil in Ukraine. This resulted in lower than anticipated revenue and a larger pre-tax loss for our International segment for the quarter... Based on our year-to-date results, and outlook for the remainder of fiscal 2015, we believe our construction segment will continue to improve but we expect this improvement to be offset by continued headwinds in the Agriculture and International segments of our business.”
06:46 EDTTITNTitan Machinery reports Q2 adjusted EPS 4c, consensus 10c
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06:09 EDTFVerizon CEO sees self-driving cars 3-5 years away, Detroit News reports
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