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Stock Market & Financial Investment News

News Breaks
November 29, 2012
10:00 EDTULTI, WDC, OAS, ARUN, WX, TXN, MXIM, EMC, VAL, NTAP, LNCO, CHTR, VMW, RPM, JAZZOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Charter (CHTR) initiated with a Buy at UBS... EMC (EMC) initiated with a Buy at Buckingham... EMC (EMC) initiated with a Buy at CLSA... Jazz Pharmaceuticals (JAZZ) initiated with a Buy at UBS... LinnCo (LNCO) initiated with a Buy at Citigroup... Maxim Integrated (MXIM) initiated with a Buy at SunTrust... NXP Semiconductors (NXPI) initiated with a Buy at SunTrust... NetApp (NTAP) initiated with an Underperform at CLSA... RPM (RPM) initiated with an Overweight at Morgan Stanley... Texas Instruments (TXN) initiated with a Reduce at SunTrust... VMware (VMW) initiated with a Buy at CLSA... Valspar (VAL) initiated with an Underweight at Morgan Stanley... WuXi PharmaTech (WX) initiated with an Overweight at Barclays... Oasis Petroleum (OAS) initiated with a Buy at Ladenburg... Ultimate Software (ULTI) initiated with an Outperform at Northland Securities... Aruba Networks (ARUN) initiated with a Hold at Craig-Hallum... Western Digital (WDC) initiated with a Market Perform at Wells Fargo.
News For CHTR;EMC;JAZZ;LNCO;MXIM;RPM;NTAP;TXN;VMW;VAL;WX;OAS;ULTI;ARUN;WDC From The Last 14 Days
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March 24, 2015
06:49 EDTLNCOLINN Energy signs $1B letter of intent with Quantum Energy Partners
LINN Energy (LINE) and LinnCo (LNCO) announced that LINN has signed a non-binding letter of intent with private capital investor Quantum Energy Partners to fund selected future oil and natural gas acquisitions and development on those acquired assets. Subject to final documentation, Quantum has agreed to initially commit up to $1B of equity capital to fund acquisitions and development of oil and natural gas assets. LINN will have the ability to participate in all acquisition opportunities with a direct working interest ranging from 15% to 50%. AcqCo assets will be managed by LINN in exchange for a reimbursement of general and administrative expenses. Additionally, after certain investor return hurdles are met, LINN will have the ability to earn a promoted interest in AcqCo. Upon the sale of any assets within AcqCo, LINN will be given right of first offer to acquire those assets.
March 23, 2015
15:36 EDTEMC, VMWEMC announces the Federation Business Data Lake.
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10:01 EDTMXIMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Allied World (AWH) initiated with a Market Perform at Keefe Bruyette... Capnia (CAPN) initiated with a Buy at Maxim... Catamaran (CTRX) initiated with a Buy at Mizuho... CyberArk (CYBR) initiated with a Buy at BofA/Merrill... Inotek Pharmaceuticals (ITEK) initiated with a Buy at Canaccord... Kinder Morgan (KMI) initiated with a Buy at Argus... MGM China (MCHVF) initiated with a Market Perform at Bernstein... Maxim Integrated (MXIM) initiated with a Buy at Summit Research... Melco Crown (MPEL) initiated with an Outperform at Bernstein... Microsemi (MSCC) initiated with an Outperform at BMO Capital... Sands China (SCHYY) initiated with an Outperform at Bernstein... Tetraphase (TTPH) initiated with a Buy at Nomura... Vista Outdoor (VSTO) initiated with a Sector Weight at KeyBanc... Wynn Macau (WYNMF) initiated with a Market Perform at Bernstein.
10:00 EDTEMC, NTAPOn The Fly: Analyst Downgrade Summary
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09:09 EDTMXIMMaxim Integrated initiated with a Buy at Summit Research
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06:40 EDTEMC, NTAPEMC downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded EMC (EMC) to Neutral to Neutral saying the company is facing increasing pressure from next-gen storage vendors and public cloud providers. Piper notes that it continues to hear Pure Storage and other vendors such as Nimble Storage (NMBL) are making inroads into the installed base of EMC. It cut its price target for shares to $27 from $30. The firm also downgraded NetApp (NTAP) to Neutral this morning for similar reasons, but says EMC has a more defensible position than NetApp.
06:37 EDTNTAPNetApp downgraded to Neutral from Overweight at Piper Jaffray
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March 22, 2015
17:01 EDTWDCWestern Digital, PACCAR, two others look discounted, Barron's says
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March 20, 2015
09:59 EDTCHTRCharter may have interest in Cablevision 'at some point,' says Detwiler
Detwiler Fenton believes there is truth to last week's reports of Charter (CHTR) being in talks to acquire Bright House Networks. In addition, the firm says its checks indicate Charter may have interest in buying Suddenlink Communications and Cablevision (CVC) "at some point" as a part of a lager acquisition strategy. Detwiler adds Charter's potential deal strategy assumes Comcast's (CMCSA) bid for Time Warner (TWC) wins regulatory approval. Should the deal not get approved, Detwiler believes Charter will turn its attention back to Time Warner.
March 18, 2015
13:05 EDTJAZZJazz Pharmaceuticals management to meet with Piper Jaffray
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07:49 EDTEMCSenate Judiciary Committee to hold a hearing
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06:34 EDTTXNTexas Instruments 2015 estimates have upside, says Citigroup
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March 17, 2015
16:40 EDTCHTRCharter shareholders approve share issuance in transactions with Comcast
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14:55 EDTVMWVMware to face more competitive process for DOD contract, says Stifel
After government websites indicated that Citrix (CTXS), Amazon (AMZN) and others succeeded in getting the DoD to reconsider its awarding of a $1.6B, five-year contract to VMware (VMW), Stifel said it doesn't think VMware has necessarily lost the opportunity, but that the company will now likely face a more competitive bidding process to win the deal. The firm view this example as supporting its concerns that VMware's steps to become a more strategic vendor have the potential to be as much of a threat as an opportunity and Stifel maintains its Hold rating on the stock.
14:43 EDTVMWVMware award from DISA canceled after protest, siliconANGLE reports
On March 12, the Defense Information Security Agency, or DISA, reversed a decision to award VMware (VMW) with a $1.6B contract following protests by Amazon Web Services (AMZN), Citrix Systems (CTXS), and others, reported siliconANGLE. A government posting noted that "Amendment 0002 is issued to cancel the request for proposal to further analyze the government's needs." Reference Link
08:04 EDTWDCWestern Digital decline overdone, says RBC Capital
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07:12 EDTVMWDeutsche Messe to hold a conference
CeBIT 2015 is being held in Hannover, Germany on March 15-20.
March 16, 2015
16:03 EDTRPMRPM acquires South African spray paint maker Spraymate Group
RPM International announced that its Rust-Oleum Group has acquired Spraymate Group, the producer of South Africa's leading aerosol paint brand. Spraymate has annual net sales of approximately $5M. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
09:45 EDTWXWuXi PharmaTech management to meet with
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07:28 EDTWDCWestern Digital, Seagate estimates lowered on PC weakness at Jefferies
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