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Stock Market & Financial Investment News

News Breaks
June 24, 2014
10:00 EDTSRC, MU, INWK, SO, MEOH, IDXX, WEC, OXLC, MTOR, CDE, CGG, HTGCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CGG SA (CGG) upgraded to Buy from Hold at Societe Generale... Coeur Mining (CDE) upgraded at BMO Capital... Hercules Technology (HTGC) upgraded to Outperform from Market Perform at Wells Fargo... IDEXX (IDXX) upgraded to Buy from Hold at Canaccord... InnerWorkings (INWK) upgraded to Buy from Hold at Craig-Hallum... Meritor (MTOR) upgraded to Buy from Fair Value at CRT Capital... Methanex (MEOH) upgraded at BMO Capital... Micron (MU) upgraded to Strong Buy with $50 price target at Needham... Oxford Lane (OXLC) upgraded to Buy from Neutral at Ladenburg... Southern Company (SO) upgraded to Buy from Hold at Argus... Spirit Realty (SRC) upgraded at BofA/Merrill... Wisconsin Energy (WEC) upgraded to Outperform from Market Perform at Wells Fargo.
News For CGG;CDE;HTGC;IDXX;INWK;MTOR;MEOH;MU;OXLC;SO;SRC;WEC From The Last 14 Days
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January 15, 2015
14:37 EDTWECWisconsin Energy raises dividend 8.3% to 42.25c
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07:19 EDTCDECoeur Mining sees FY15 production 14.8M-16M silver ounces
In 2015, Coeur expects to produce 14.8M-16M ounces of silver and 284,000-313,000 ounces of gold, or 31.8M-34.8M silver-equivalent ounces, which represents up to an 8% increase over 2014 silver-equivalent production. Coeur's 2015 total silver and gold production guidance includes pro-rata production from the previously announced acquisition of the Wharf gold mine from Goldcorp based on an assumed transaction closing date of March 31. Wharf is expected to produce 85,000-90,000 ounces of gold in 2015 based on guidance provided by Goldcorp on January 12.
07:17 EDTCDECoeur Mining reports Q4 production 4.3M silver ounces
Coeur Mining announced Q4 production of 4.3M ounces of silver and 64,534 ounces of gold, or 8.2M silver-equivalent ounces.
07:13 EDTIDXXJPMorgan to hold a conference
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January 14, 2015
07:12 EDTIDXXIDEXX backs 2015 normalized organic revenue growth view of 13%-14%
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07:11 EDTIDXXIDEXX sees 2014 adjusted revenue growth 9.5%-10%, consensus $1.51B
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05:22 EDTCGGCGG SA wins geophysical survey project in Papua New Guinea
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January 13, 2015
14:09 EDTWECWisconsin Energy settles with some parties related to Integrys deal
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13:21 EDTMUSamsung plans to ramp DRAM capacity, a negative for Micron, says Northland
Northland's checks indicate Samsung is buying more DRAM memory equipment with plans to increase capacity. The analyst expects the increased supply without the offsetting increase in demand will lead to pricing pressures and notes Micron (MU) is the high cost producers and will likely see the most pressure from the move.
10:17 EDTMUOptions with decreasing implied volatility
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10:00 EDTMEOHOn The Fly: Analyst Upgrade Summary
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07:15 EDTMUNeedham to hold a conference
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06:47 EDTMEOHMethanex upgraded to Sector Performer from Underperformer at CIBC
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06:15 EDTCDECoeur Mining to host conference call
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January 12, 2015
18:01 EDTCDECoeur Mining to acquire Wharf mine from Goldcorp for $105M
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16:32 EDTMUOn The Fly: Closing Wrap
Stocks spent almost the entire session in negative territory as the continued slump in crude oil prices weighed on equities. As the price of crude searches for a bottom, analysts and investors are concerned about how the low prices may affect U.S. economic growth. It had been estimated that more than half of the expected growth in the S&P 500's earnings would come from the oil industry and the continued drop in oil prices may be wiping out the chances of earnings increasing from the prior quarter. The earnings season unofficially kicks off tonight when Alcoa (AA) reports its fourth quarter earnings. ECONOMIC EVENTS: In the U.S., no major economic data was released. WTI and Brent crude both suffered slides of 5% during the session, sending WTI oil below $46 and Brent near $47 per barrel. Of note, Goldman Sachs said it sees oil prices bottoming in Q2 of this year at $42 a barrel. Goldman lowered its Brent crude oil price estimate for 2015 to $50 a barrel from $84 and for 2016 onwards to $70 a barrel from $90. COMPANY NEWS: Shire (SHPG) shares trading in New York slipped $8.39, or 3.86%, to $209.10 after the company announced over this weekend that it struck a deal to acquire NPS Pharmaceuticals (NPSP) for $46 per share in cash, for a total consideration of approximately $5.2B. NPS shares gained $3.44, or 8.21%, to $45.35... Shares of flash storage provider SanDisk (SNDK) dropped $13.47, or 13.88%, to $83.57 after the company cut its revenue outlook for Q4 and added that non-GAAP gross margin for the quarter is expected to be approximately 45%, compared to the previously guided range of 47%-49%. "The lower revenue was primarily due to weaker than expected sales of retail and iNAND products," SanDisk explained. Micron (MU) fell $1.87, or 5.56%, to $31.66 following the warning from its peer. MAJOR MOVERS: Among the notable gainers was Foundation Medicine (FMI), whose shares surged $22.81, or 95.32%, to $46.74 after the company and Roche (RHHBY) announced that they will enter into a strategic collaboration. Roche will invest in Foundation as part of the deal, resulting in Roche owning a minimum of 52.4% and a maximum of 56.3% of Foundation Medicine on a fully diluted basis. Also higher was Build-A-Bear Workshop (BBW), which jumped $3.12, or 16.75%, to $21.75 after the toy company gave a fourth quarter revenue view that beat expectations. Among the noteworthy losers was Arrowhead Research (ARWR), which fell $2.16, or 23.84%, to $6.90 after announcing that the FDA verbally informed the company of a partial clinical hold on its study of ARC-520 in patients with chronic hepatitis B infection. Also lower were shares of Sarepta Therapeutics (SRPT), which dropped $2.04, or 14.62%, to $11.91 after the company provided data through Week 168 from its Phase IIb open-label extension study of eteplirsen in patients with Duchenne muscular dystrophy. INDEXES: The Dow fell 96.53, or 0.54%, to 17,640.84, the Nasdaq lost 39.36, or 0.84%, to 4,664.71, and the S&P 500 declined 16.55, or 0.81%, to 2,028.26.
12:46 EDTMUOn The Fly: Midday Wrap
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10:15 EDTMUOptions with decreasing implied volatility
Options with decreasing implied volatility: NBIX APOL NPSP BBBY INFY JCP MU TIF
09:34 EDTMUActive equity options trading
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09:03 EDTMUSanDisk drops 9% after cutting Q4 revenue outlook
Shares of flash storage provider SanDisk (SNDK) are sinking after the company cut its revenue outlook for Q4 to $1.73B from $1.80B-$1.85B. It added that non-GAAP gross margin for the quarter is expected to be approximately 45% compared to the previously guided range of 47%-49%. "The lower revenue was primarily due to weaker than expected sales of retail and iNAND products," SanDisk explained. The stock is dropping 9%, or $8.40, to $88.64 in pre-market trading while peer Micron (MU) is down 3% to $32.54.
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