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Stock Market & Financial Investment News

News Breaks
March 26, 2014
10:00 EDTCG, NXPI, GLW, LAZ, CRR, DVN, SIRI, PENN, GRMN, CVA, SCSOn The Fly: Analyst Upgrade Summary
Carlyle Group (CG) upgraded to Buy from Neutral at UBS... Covanta (CVA) upgraded to Outperform from Neutral at RW Baird... Garmin (GRMN) upgraded to Buy from Neutral at Citigroup... Penn National (PENN) upgraded to Outperform from Market Perform at FBR Capital... Sirius XM (SIRI) upgraded to Overweight from Equalweight at Barclays... Devon Energy (DVN) upgraded to Overweight from Equalweight at Capital One... CARBO Ceramics (CRR) upgraded at Sterne Agee... Lazard (LAZ) upgraded to Buy from Neutral at Nomura... Corning (GLW) upgraded to Positive from Neutral at Susquehanna... NXP Semiconductors (NXPI) upgraded to Overweight from Equal Weight at Morgan Stanley... Steelcase (SCS) upgraded to Strong Buy from Outperform at Raymond James.
News For CG;CVA;GRMN;PENN;SIRI;DVN;CRR;LAZ;GLW;NXPI;SCS From The Last 14 Days
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August 27, 2014
06:39 EDTCGCarlyle, Vanke in advanced discussions for mall acquisitions, Reuters says
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August 26, 2014
16:21 EDTGRMNGarmin initiated with a Neutral at RW Baird
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08:00 EDTGLWCorning looks poised to turn into cash machine, says Bernstein
Bernstein believes that Corning has a clear path to modest capex; increasing cash flows; and rising ROE and ROIC for the next few years. The firm thinks the company is "somewhat undervalued" versus its peers, and it keeps an Outperform rating on the shares.
August 22, 2014
15:41 EDTGRMNGarmin, JVC Kenwood to co-develop carmaker navigation systems, Nikkei reports
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August 21, 2014
10:14 EDTLAZOn The Fly: Analyst Upgrade Summary
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09:00 EDTNXPISeveral semi companies have positive read through from deal, says Sterne Agee
After Infineon (IFNNY) bought International Rectifier (IRF), Sterne Agee thinks the deal indicates that the shares ofother players in the sector - including Spansion (CODE), NXP Semiconductors (NXPI), and Avago (AVGO) - can rise further. The firm keeps Buy ratings on the latter three stocks.
08:12 EDTLAZLazard upgraded at Buckingham
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08:01 EDTLAZLazard upgraded to Buy from Neutral at Buckingham
August 20, 2014
07:01 EDTGRMNGarmin introduces first Android-based fleet navigators
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August 19, 2014
07:18 EDTCRREnerCom to hold a conference
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August 18, 2014
16:52 EDTNXPIOn The Fly: Closing Wrap
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12:18 EDTNXPIThe Fly: Midday Wrap
The market opened in positive territory following news that Russia and Ukraine were working on a potential ceasefire. The market had faltered on Friday following reports that the Ukraine army had attacked a Russian military vehicle after it crossed into Ukraine territory. The market opened sharply higher and then received an additional boost when the NAHB Housing market Index came in above expectations. The averages quickly moved to session highs, lifting the S&P to its highest level ever and putting August on track for the best monthly performance since February. ECONOMIC EVENTS: The NAHB homebuilder sentiment index rose 2 points to 55 in August. The index had climbed 4 points to 53 in July. This is the highest level since January's 56. The single family sales index edged up to 58 from 56 (revised from 57). The future index was 65 from 63 (revised from 64). The index of prospective buyer traffic improved to 42 from 39 (revised from 39). Data was better than expected. COMPANY NEWS: Shares of discount retailer Dollar General (DG) were higher by about 10% after the company announced a proposal to acquire rival Family Dollar (FDO) for $78.50 per share in cash, in a transaction valued at $9.7B. Shares of Family Dollar rose approximately 5% on the news. MAJOR MOVERS: Among the notable gainers was Sensata Technologies (ST), which rose 5.6% after after agreeing to buy privately held Schrader International for $1B. Also higher was Lannett (LCI), which gained 9.3% after the company said fourth quarter and full-year 2014 earnings per share and revenue would exceed analysts' consensus estimates. Among the noteworthy losers was Monster Beverage (MNST), which fell about 4% after research firm Jefferies downgraded the shares to Hold from Buy saying the valuation looks full following its recent rally. Also lower was NXP Semiconductors (NXPI), which dropped 2.3% after Goldman Sachs downgraded the company to Sell from Neutral, and downgraded the semiconductor sector to Cautious from Neutral. The firm expects consensus estimates to move lower due to cyclical headwinds, increased Q4 and Q1 seasonality, and a RF correction. Goldman lowered their price target on the shares to $54 from $58. INDEXES: Near midday, the Dow was up 168.13, or 1.01%, to 16,831.04, the Nasdaq rose 44.11, or 0.99%, to 4,508.87, and the S&P 500 was higher by 16.79, or 0.86%, to 1,971.88.
10:29 EDTNXPIGoldman cuts sector view on semiconductors to Cautious
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10:01 EDTNXPIOn The Fly: Analyst Downgrade Summary
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09:03 EDTNXPIOn The Fly: Pre-market Movers
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08:36 EDTNXPINXP Semiconductors shares should be bought, says Sterne Agee
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08:35 EDTSCSSteelcase says accepted offer for put option for transfer of Wisches assets
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08:04 EDTNXPISemiconductors sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.
06:10 EDTNXPINXP Semiconductors downgraded at Goldman
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05:44 EDTNXPINXP Semiconductors downgraded to Sell from Neutral at Goldman
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