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Stock Market & Financial Investment News

News Breaks
June 8, 2012
12:12 EDTATPG, MCD, CNC, CHKM, PRGS, MOH, CHKOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday ahead of a number of potentially market moving events expected over this weekend. Stock futures began the day indicating a sharply lower open, putting the Dow's three day winning streak in jeopardy. The weakness was attributed to continuing worries about the EU's ability to support Spanish banks. The market opened lower, but found a level where it sat and began to build. An hour into the trading session the market had recouped more than half of its losses and a short time later moved back into positive territory. What looked like a day that would end in a sell off has now climbed a wall of worry into positive territory and the averages are once again positive for the year... ECONOMIC EVENTS: In the U.S., April's trade balance report was generally in line and wholesale inventories in the month increased 0.6%, versus an expected increase of 0.4%. In Europe, Spain is set to become the fourth, and largest, country to seek assistance since Europe's debt crisis began, according to Reuters. The news service cited officials in Brussels and Berlin, saying a conference call is planned for Saturday morning to discuss a Spanish request for aid... COMPANY NEWS: Chesapeake Energy (CHK) was in focus as it held its annual shareholder meeting, where two current directors resigned after shareholder voting and a proposal to amend the company's long term incentive plan passed. Also, the company announced three separate transactions to sell its midstream assets for total proceeds of more than $4B, including the sale of its general partner interests in Chesapeake Midstream Partners (CHKM) to Global Infrastructure Partners for $2B... McDonald's (MCD) reported disappointing worldwide same store sales growth of 3.3% in May, as results were dragged down by the company's performance in Asia, the Middle East and Africa. The fast food giant also warned that its Q2 results could be pressured by austerity measures in Europe, foreign currency effects and macro headwinds, sending shares down a bit more than 0.75%... MAJOR MOVERS: Among the notable gainers was Molina Healthcare (MOH), which rebounded from a slide yesterday to gain more than 27% today, after the company announced last night that it will continue as a Medicaid managed care provider in Ohio. Centene (CNC), up 10%, also benefited from Ohio reversing its earlier decision and recommending the company for a Medicaid contract. Noteworthy losers included ATP Oil & Gas (ATPG), down more than 13%, after the company said it was unable to come to an employment agreement with recently hired CEO Matt McCarroll, resulting in his resignation, and Progress Software (PRGS), down 13%, following its warning that its Q2 earnings and revenue will fall short of consensus estimates... INDICES: Near noon, the Dow was up 11.58, or 0.09%, to 12,472.54; the Nasdaq was up 8.32, or 0.29%, to 2,839.34; and the S&P 500 was up 1.04, or 0.08%, to 1,316.03.
News For CHK;CHKM;MCD;MOH;CNC;ATPG;PRGS From The Last 14 Days
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July 20, 2015
08:24 EDTMCDMcDonald's U.S. outlook improving, says RBC Capital
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06:03 EDTCHKStocks with implied volatility movement; CHK CNX
Stocks with implied volatility movement; Chesapeake (CHK) 76, CONSOL (CNX) 64 according to iVolatility.
July 16, 2015
19:32 EDTMCDMcDonald's franchisees indicate lowest 6-month outlook in 12 years, WSJ says
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19:17 EDTMOH, CNCAffordable Care Act plan prices to increase 11.2% in 2016, WSJ says
State regulators will begin approving plan price increases for insurance plans purchased on Care Actís exchanges as early as this month, reports the Wall Street Journal. Nearly every state has plans with premiums increasing over 10%, with some as high as 30%-50%, the Journal adds. Publicly traded companies in the space include Aetna (AET), Anthem (ANTM), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). Reference Link
11:25 EDTCHKStocks with call strike movement; CHK MU
Chesapeake (CHK) October 13 call option implied volatility increased 4% to 58, Micron (MU) October 23 call option implied volatility decreased 2% to 43 according to IVolatility.
10:00 EDTMCDOn The Fly: Analyst Initiation Summary
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July 15, 2015
18:08 EDTMOHMolina Healthcare to acquire Medicaid assets of MyCare Chicago
Molina Healthcare and Accountable Care Chicago, also known as MyCare Chicago, jointly announced that Molina Healthcare of Illinois, a wholly owned subsidiary of Molina Healthcare, has entered into a definitive agreement to acquire certain assets of the Medicaid business of MyCare Chicago. As a part of the transaction, Molina Healthcare of Illinois will receive the right to assume MyCare Chicagoís Medicaid members in Cook County, Illinois, as well as certain assets related to the operation of the Medicaid business. Molina Healthcare of Illinois will fund the transaction with available cash on hand. Subject to regulatory approvals and the satisfaction of other closing conditions, the closing of the transaction is expected to occur during Q4.
16:20 EDTMCDMcDonald's initiated with a Neutral at BTIG
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10:52 EDTCHKStocks with call strike movement; CHK GMCR
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10:01 EDTCNCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AGCO (AGCO) upgraded to Market Perform from Underperform at Wells Fargo... Anglo American (AAUKY) upgraded to Outperform from Neutral at Credit Suisse... Avis Budget (CAR) upgraded to Buy from Hold at Deutsche Bank... Brookfield Renewable (BEP) upgraded to Neutral from Underperform at Credit Suisse... CSX (CSX) upgraded to Outperform from Sector Perform at RBC Capital... Centene (CNC) upgraded to Buy from Hold at Jefferies... Commerce Bancshares (CBSH) upgraded to Market Perform at Raymond James... Entegris (ENTG) upgraded to Buy at Craig-Hallum... Guess (GES) upgraded to Market Perform from Underperform at Telsey Advisory... Hertz (HTZ) upgraded to Buy from Hold at Deutsche Bank... Iberdrola (IBDRY) upgraded to Buy from Hold at Societe Generale... Liberty Global (LBTYA) upgraded to Conviction Buy from Buy at Goldman... LinkedIn (LNKD) upgraded to Overweight from Equal Weight at Barclays... Lonmin (LNMIY) upgraded to Neutral from Sell at Goldman... Navient (NAVI) upgraded to Overweight from Equal Weight at Barclays... NetApp (NTAP) upgraded to Sector Weight from Underweight at Pacific Crest... Omnicom (OMC) upgraded to Outperform from Market Perform at Wells Fargo... PTC Therapeutics (PTCT) upgraded to Overweight from Neutral at JPMorgan... Panera Bread (PNRA) upgraded to Overweight from Underweight at Piper Jaffray... Primerica (PRI) upgraded to Strong Buy from Market Perform at Raymond James... Sands China (SCHYY) upgraded to Overweight from Equal Weight at Barclays... Seagate (STX) upgraded to Buy at Craig-Hallum... Western Digital (WDC) upgraded to Buy from Hold at Craig-Hallum... Wolseley (WOSYY) upgraded to Overweight from Neutral at JPMorgan.
09:07 EDTMCDMcDonald's turnaround to take years, Peltz says on CNBC
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09:06 EDTMCDPeltz says if didn't own Wendy's, McDonald's may be investment
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07:24 EDTCNCHealth Net downgraded to Hold from Buy at Jefferies
Jefferies downgraded Health Net (HNT) to Hold following the acquisition by Centene (CNC).
07:23 EDTMOH, CNCCentene upgraded to Buy from Hold at Jefferies
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July 14, 2015
16:06 EDTMOHMolina Healthcare to acquire Medicaid Assets of Preferred Medical Plan
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11:33 EDTCHKStocks with call strike movement; CHK JCP
Chesapeake (CHK) January 14 call option implied volatility decreased 3% to 55, J.C. Penney (JCP) November 10 call option implied volatility increased 6% to 44 according to IVolatility.
10:01 EDTCHKOn The Fly: Analyst Initiation Summary
8point3 Energy (CAFD) initiated with a Buy at Deutsche Bank... Abraxas Petroleum (AXAS) initiated with a Market Perform at Cowen... Amarantus Bioscience (AMBS) initiated with a Buy at WallachBeth... Ashford Hospitality Prime (AHP) initiated with a Hold at Canaccord... Ashford (AINC) initiated with a Hold at Canaccord... BE Aerospace (BEAV) initiated with a Neutral at JPMorgan... Bed Bath & Beyond (BBBY) initiated with a Neutral at Longbow... Benchmark Electronics (BHE) initiated with a Buy at B. Riley... Bill Barrett (BBG) initiated with a Market Perform at Cowen... Boeing (BA) initiated with an Overweight at JPMorgan... Bombardier (BDRBF) initiated with a Neutral at JPMorgan... Cablevision (CVC) initiated with a Hold at Deutsche Bank... Charter (CHTR) initiated with a Buy at Deutsche Bank... Chesapeake (CHK) initiated with an Equal Weight at Stephens... Comcast (CMCSA) initiated with a Hold at Deutsche Bank... DiamondRock (DRH) initiated with a Buy at Canaccord... Diamondback Energy (FANG) initiated with an Outperform at Cowen... EOG Resources (EOG) initiated with an Overweight at Stephens... Fogo De Chao (FOGO) initiated with a Buy at Jefferies... General Dynamics (GD) initiated with an Overweight at JPMorgan... HP (HPQ) initiated with a Hold at Maxim... Hanover Insurance (THG) initiated with an Overweight at Piper Jaffray... Harris (HRS) initiated with a Neutral at JPMorgan... Hospitality Properties (HPT) initiated with a Hold at Canaccord... Host Hotels (HST) initiated with a Hold at Canaccord... Hydrogenics (HYGS) initiated with a Buy at Rodman & Renshaw... King Digital (KING) initiated with an Overweight at Morgan Stanley... L-3 Communications (LLL) initiated with a Neutral at JPMorgan... La-Z-Boy (LZB) initiated with a Neutral at Longbow... LaSalle Hotel (LHO) initiated with a Hold at Canaccord... MINDBODY (MB) initiated with a Buy at UBS... Marriott (MAR) initiated with a Hold at Canaccord... Newfield Exploration (NFX) initiated with a Buy at Global Hunter... Northern Oil and Gas (NOG) initiated with a Market Perform at Cowen... Northrop Grumman (NOC) initiated with an Underweight at JPMorgan... Oasis Petroleum (OAS) initiated with an Outperform at Cowen... PDC Energy (PDCE) initiated with an Outperform at Cowen... Pier 1 Imports (PIR) initiated with a Buy at Longbow... Plexus (PLXS) initiated with a Buy at B. Riley... Raytheon (RTN) initiated with a Neutral at JPMorgan... RetailMeNot (SALE) initiated with an Equal Weight at Morgan Stanley... Rockwell Collins (COL) initiated with a Neutral at JPMorgan... Spirit AeroSystems (SPR) initiated with an Overweight at JPMorgan... Starwood (HOT) initiated with a Buy at Canaccord... Strategic Hotels (BEE) initiated with a Buy at Canaccord... Summit Hotel Properties (INN) initiated with a Buy at Canaccord... Textron (TXT) initiated with a Neutral at JPMorgan... Time Warner Cable (TWC) initiated with a Buy at Deutsche Bank... TransDigm (TDG) initiated with an Overweight at JPMorgan... TrueCar (TRUE) initiated with an Equal Weight at Morgan Stanley... Whiting Petroleum (WLL) initiated with an Outperform at Cowen... XL Group (XL) initiated with an Overweight at Piper Jaffray... Zillow Group (Z) initiated with an Overweight at Morgan Stanley... Zynga (ZNGA) initiated with an Equal Weight at Morgan Stanley.
09:35 EDTCHKActive equity options trading on open
Active equity options trading on open: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT
08:16 EDTCHKChesapeake initiated with an Equal Weight at Stephens
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05:52 EDTCHKStocks with implied volatility movement; WMB CHK
Stocks with implied volatility movement; Williams (WMB) 41, Chesapeake (CHK) 78 according to iVolatility.
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