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Stock Market & Financial Investment News

News Breaks
September 4, 2013
09:14 EDTLNKD, SAI, JCP, ETFC, FRAN, LOGI, VRNT, BCR, BRCM, CIEN, GWRE, ROCM, DG, HRB, NAV, GIIIOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Ciena (CIEN), up 9%... Dollar General (DG), up 4%... G-III Apparel (GIII), up 4%... Verint Systems (VRNT), up 7%. ALSO HIGHER: Rochester Medical (ROCM), up 44% after acquired by Bard (BCR) for approximately $262M... J.C. Penney (JCP), up 2% after Glenview reports a 9.1% passive stake... E-Trade (ETFC), up 7% after approved to dividend bank capital to parent company... Logitech International (LOGI), up 3% after Vincent Pilette named new CFO... Broadcom (BRCM), up 1.5%, after agreeing to acquire LTE assets from Renesas Electronics. DOWN AFTER EARNINGS: Navistar (NAV), down 6%... H&R Block (HRB), down 4%... Francesca's (FRAN), down 18%... SAIC (SAI), down 6%. ALSO LOWER: Guidewire Software (GWRE), down 8% after downgrade at Citigroup... LinkedIn (LNKD), down 2% after proposed offering of $1B of common stock.
News For CIEN;GIII;DG;BRCM;NAV;ROCM;BCR;HRB;GWRE;VRNT;FRAN;JCP;LNKD;ETFC;SAI;LOGI From The Last 14 Days
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March 13, 2015
10:00 EDTBRCMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Aramark (ARMK) downgraded to Neutral from Outperform at RW Baird... Broadcom (BRCM) downgraded to Hold from Buy at Canaccord... Children's Place (PLCE) downgraded to Neutral from Buy at Citigroup... Depomed (DEPO) downgraded to Hold from Buy at WallachBeth... Diageo (DEO) downgraded to Underperform from Neutral at Credit Suisse... DreamWorks (DWA) downgraded to Neutral from Buy at B. Riley... Gaming and Leisure Properties (GLPI) downgraded to Neutral at Susquehanna... Genesco (GCO) downgraded at Sterne Agee... Host Hotels (HST) downgraded to Underperform from Market Perform at Raymond James... InspireMD (NSPR) downgraded at Oppenheimer... Integrated Silicon (ISSI) downgraded to Neutral from Buy at B. Riley... InterXion (INXN) downgraded to Market Perform from Outperform at Raymond James... JG Wentworth (JGW) downgraded to Hold from Buy at Jefferies... Lumber Liquidators (LL) downgraded to Neutral from Buy at Goldman... QIWI (QIWI) downgraded to Neutral at Susquehanna... Regional Management (RM) downgraded to Underperform from Neutral at Macquarie... Royal Dutch Shell (RDS.A) downgraded to Sector Perform from Outperform at RBC Capital... Rudolph Technologies (RTEC) downgraded to Neutral from Buy at DA Davidson.
08:43 EDTBRCMCavium price target raised to $75 from $68 at FBR Capital
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08:15 EDTDGDollar General price target raised to $84 from $79 at UBS
UBS raised its price target on Dollar General to $84 from $79 following its Q4 report, citing accelerating square footage growth, visible comp drivers, stable gross margins, and its capital return strategy. UBS reiterated its Buy rating on Dollar General shares.
08:09 EDTDGDollar General price target raised to $87 from $75 at Jefferies
Jefferies raised its price target for Dollar General to $87 after management announced a plan to speed up store growth in FY17 to 7%. The firm believes better sales and store growth, the $1.3B buyback plan for this year and the initiation of a dividend should drive the stock higher. It keeps a Buy rating on the name.
08:08 EDTETFCE-Trade reports February daily average revenue trades 179,420
DARTs are down 11% y/y and up 4% from January. Added 37,224 gross new brokerage accounts in February, ending the month with approximately 3.2M brokerage accounts -- an increase of 20,715 from January. Net new brokerage assets were $1.7M in the month. During the month, customer security holdings increased by 6%, or $12.2B, and brokerage-related cash increased by $2.1B to $42.1B. Bank-related cash and deposits increased by $100M, ending the month at $5.8M. Customers were net sellers of approximately $800M in securities during the month.
07:17 EDTBRCMBroadcom downgraded to Hold from Buy at Canaccord
Canaccord downgraded Broadcom (BRCM) to Hold and lowered its price target to $47 from $50 based on valuation, FX headwinds, and potentially difficult year-over-year Y Connectivity business comps with Apple (AAPL) and other top customers.
March 12, 2015
10:33 EDTDGDollar General says making 'solid progress' in CFO search
Dollar General (DG) says has "very promising future" despite failure to acquire Family Dollar (FDO). Says plans to return approx. $1.6B to shareholders during 2015 via dividend, repurchases. Says West Coast port slowdown negatively impacted Q4 by approx. 2c. Says items priced $1-$5 now 76% of sales. Says "cautiously optimistic" for core customers in 2015, says consumers more positive. Sees possible drag to Q1 earnings of 1c-2c per share from West Coast port slowdown. Says business model has "proven resilient." Says making "solid progress" in CFO search, sees CFO appointed in "short period of time." Comments made on the Q4 earnings conference call. Dollar General is up 3.08% to $73.65 in mid-morning trading.
10:01 EDTLOGIOn The Fly: Analyst Downgrade Summary
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09:21 EDTDGOn The Fly: Pre-market Movers
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08:41 EDTBCRCryoLife no longer a top pick at Piper Jaffray
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08:36 EDTBCRCryoLife provides update on PerClot litigation
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08:32 EDTBRCMJPMorgan says report of Intel iPhone win makes sense
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08:20 EDTJCPImperial Capital says $3 target on J.C. Penney likely too high
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08:07 EDTLNKDLinkedIn momentum should outweigh valuation concern, says Canaccord
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07:04 EDTDGDollar General sees FY15 EPS $3.85-$3.95, consensus $3.99
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07:03 EDTDGDollar General says board approved initiation of 22c dividend
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07:02 EDTDGDollar General announces EVP, CFO David Tehle to retire, effective July 1
Dollar General Corporation announced that David Tehle, executive VP and CFO, will retire from Dollar General effective July 1. Dollar General has started a search for a successor and will consider both internal and external candidates for the job.
07:01 EDTDGDollar General reports Q4 EPS $1.17, consensus $1.17
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06:27 EDTLOGILogitech downgraded to Underweight from Neutral at JPMorgan
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06:09 EDTLNKDLinkedIn implied volatility of 30 at lower end of index mean range
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