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Stock Market & Financial Investment News

News Breaks
May 20, 2014
10:44 EDTJCP, ITMN, ZU, CLVS, DTVOptions with decreasing implied volatility: CLVS ITMN DTV ZU JCP
News For CLVS;ITMN;DTV;ZU;JCP From The Last 14 Days
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August 3, 2015
16:34 EDTJCPJ.C. Penney announces new VPs of omnichannel, supply chain
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06:04 EDTCLVSClovis submitts NDA to FDA for rociletinib for patients with EGFR
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July 27, 2015
07:14 EDTDTVAT&T, DirecTV deal conditions look reasonable, says Jefferies
Jefferies says the Federal Communications Commission' conditions for AT&T's (T) pending acquisition of DirecTV appear reasonable and should have a negligible impact on deal economics. The firm sees AT&T's upcoming analyst day in August as a positive catalyst for the shares. It keeps a Buy rating on the stock with a $40 price target.
July 24, 2015
17:33 EDTDTVS&P announces changes to S&P 400, 500, and 600 indices
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17:17 EDTDTVSignet Jewelers to replace DirecTV in S&P 500 as of 7/28 close
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16:30 EDTDTVStocks end week lower as Apple headlines busy week of earnings
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16:22 EDTDTVOn The Fly: Top stock stories for Friday
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15:16 EDTDTVAT&T completes acquisition of DirecTV
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14:35 EDTDTVFCC approves, with conditions, AT&T acquisition of DirecTV
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14:32 EDTDTVFCC approves AT&T acquisition of DirecTV
July 23, 2015
19:39 EDTDTVAT&T expecting DirecTV deal approval 'at any time'
On its Q2 earnings conference call, AT&T (T) said it expects "final approval at any time" for the DirecTV (DTV) transaction. The company said it was "very confident" it can make an adequate return on any investment it makes as part of the deal, and that it still fully expects to achieve $2.5B worth of cost synergies from the deal. AT&T said, "We are more confident than ever about the opportunity this transaction brings. We are building a unique communications and entertainment company that we believe will not only transform us but transform our industry as well."
12:39 EDTDTVEarnings Watch: Analyst sentiment positive on AT&T ahead of Q2 results
AT&T (T) is expected to report second quarter earnings after the market close on Thursday, July 23, with a conference call scheduled for 4:30 pm ET. AT&T is a global telecommunications company offering wireless and long distance services. EXPECTATIONS: Analysts are looking for earnings per share of 63c on revenue of $33.04B, according to First Call. The consensus range for EPS is 52c-67c on revenue of $32.51B-$33.84B. LAST QUARTER: AT&T reported first quarter adjusted EPS of 63c against estimates for 62c, on revenue of $32.58B against estimates for $32.84B. In Q1, the company reported the following: Wireless service revenues were down 3.7% to $14.81B; Phone-only postpaid ARPU decreased 9.6% versus the year-earlier quarter; Phone-only postpaid ARPU with AT&T Next monthly billings decreased 1.9% year over year, but increased 0.4% sequentially; Postpaid churn of 1.02%; 6.2M postpaid smartphone gross adds and upgrades in the quarter; 1.2M total wireless net adds, including 441,000 postpaid and 684,000 connected cars; 1.2M branded smartphones added to base, including 700,000 prepaid. AT&T noted its FY15 standalone guidance remained 'on track,' and said it expected the DirecTV (DTV) deal to close in Q2. STREET RESEARCH: Street research has been overwhelmingly positive in the weeks leading up to AT&T's Q2 earnings report with several firms issuing upgrades on the stock. On July 1, Oppenheimer raised their price target on AT&T to $40 from $36. Following AT&T's acquisition of DirecTV, Oppenheimer expects AT&T to benefit from cross-selling, new services, and higher wireless prices. The firm expects the company's free cash flow to be boosted by its winding down of Project VIP. The firm kept an Outperform rating on the stock. Also on July 1, Buckingham initiated AT&T with a Buy rating and $41 price target. On July 9, Stifel resumed coverage of AT&T with a Buy and $41.50 price target. PRICE ACTION: AT&Tís shares are up approximately 4% since the company's Q1 report. However, over the past 12 months, they are down about 5%. In afternoon trading ahead of tonightís Q2 report, AT&Tís shares are down 0.7%.
July 22, 2015
10:01 EDTJCPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Entertainment (AMC) upgraded to Buy at MKM Partners... Agnico Eagle (AEM) upgraded to Buy from Hold at HSBC... Allegiant Travel (ALGT) upgraded to Outperform from Market Perform at Raymond James... Amazon.com (AMZN) upgraded on positive outlook at JMP Securities... Bank of Ireland (IRE) upgraded to Buy from Neutral at Nomura... Canadian Pacific (CP) upgraded to Buy at Canaccord... Carrizo Oil & Gas (CRZO) upgraded to Outperform from Neutral at Credit Suisse... Concho Resources (CXO) upgraded to Outperform from Neutral at Credit Suisse... Crown Castle (CCI) upgraded to Buy from Neutral at Citi... Exxon Mobil (XOM) upgraded to Conviction Buy from Buy at Goldman... Fidelity & Guaranty Life (FGL) upgraded to Outperform from Neutral at Macquarie... First Interstate (FIBK) upgraded to Buy from Hold at Sandler O'Neill... Hess Corp. (HES) upgraded to Outperform from Neutral at Credit Suisse... Intuitive Surgical (ISRG) upgraded to Buy at Canaccord... J.C. Penney (JCP) upgraded to Buy from Neutral at Buckingham... Murphy Oil (MUR) upgraded to Neutral from Underperform at Credit Suisse... Noble Energy (NBL) upgraded to Outperform at Credit Suisse... Packaging Corp. (PKG) upgraded to Outperform from Market Perform at BMO Capital... Prologis (PLD) upgraded to Outperform from Neutral at Baird... Signature Bank (SBNY) upgraded to Strong Buy from Outperform at Raymond James... Sonic Automotive (SAH) upgraded to Buy from Neutral at BofA/Merrill... Tate & Lyle (TATYY) upgraded to Neutral from Sell at Goldman... Technip (TKPPY) upgraded to Neutral from Sell at Goldman... Union Bankshares (UBSH) upgraded to Buy from Neutral at Compass Point... Yamana Gold (AUY) upgraded to Buy from Hold at HSBC... Yara (YARIY) upgraded to Neutral from Underweight at JPMorgan.
08:38 EDTJCPNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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08:09 EDTJCPJ.C. Penney upgraded to Buy from Neutral at Buckingham
Buckingham upgraded J.C. Penney to Buy and increased its price target to $12 from $9. The firm believes 2H comps could accelerate as initiatives take hold and has increased confidence it the company's ability to hit its 2017 EBITDA target of $1.2B. Buckingham believes FY15 sales comp guidance of 4%-5% is achievable and sees continued gross margin improvement and reduced SG&A levels.

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