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Stock Market & Financial Investment News

News Breaks
January 31, 2013
10:17 EDTCLDT, NOG, VELT, NTGR, FB, LVS, HES, STX, KEY, ENDP, RIMM, ZION, RF, FIO, CMAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Comerica (CMA) downgraded to Underperform from Market Perform at Bernstein... Endo Health (ENDP) downgraded to Perform from Outperform at Oppenheimer... Facebook (FB) downgraded to Hold from Buy at Stifel Nicolaus... Fusion-io (FIO) downgraded to Neutral from Outperform at Credit Suisse... KeyCorp (KEY) downgraded to Underperform from Market Perform at Bernstein... Netgear (NTGR) downgraded to Equal Weight from Overweight at Barclays... Regions Financial (RF) downgraded to Underperform from Market Perform at Bernstein... Seagate (STX) downgraded to Underweight from Equal Weight at Barclays... Velti (VELT) downgraded to Market Perform from Outperform at Wells Fargo... Zions Bancorp (ZION) downgraded to Underperform from Market Perform at Bernstein... Hess Corp. (HES) downgraded to Hold from Buy at Societe Generale... Regions Financial (RF) downgraded to Neutral from Outperform at RW Baird... Northern Oil and Gas (NOG) downgraded to Market Perform from Outperform at BMO Capital... Research in Motion (RIMM) downgraded to Underperform from Neutral at Credit Suisse... Las Vegas Sands (LVS) downgraded to Hold from Buy at Craig-Hallum... Chatham Lodging Trust (CLDT) downgraded to Neutral from Buy at SunTrust.
News For CMA;ENDP;FB;FIO;KEY;NTGR;RF;STX;VELT;ZION;HES;NOG;RIMM;LVS;CLDT From The Last 14 Days
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January 28, 2016
12:20 EDTFBOn The Fly: Top stock stories at midday
Stocks on Wall Street have moved all over the place in a wild morning of trading. The averages opened sharply higher as oil prices rose above $34 a barrel. The Dow opened with triple digit gains but following reports from Iraq that it would increase oil production, and refutations of rumors that OPEC might cut production, the commodity began to weaken, taking equities with it. The averages turned negative and it looked like another rout might be in the making. Before the market fell too far, it gathered itself and moved back into positive ground and the major averages are now in the green, but not far from where they ended yesterday's session. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 278,000 last week, versus the expected 281,000 first-time claims. Durable goods orders dropped 5.1% in December, versus expectations for a decrease of 0.7%. The core reading, which removes transportation items, was down 1.2%, versus expectations for a decline of 0.1%. The National Association of Realtors' pending home sales index for December rose 0.1%, versus expectations for it to be up 0.9%. COMPANY NEWS: Shares of Facebook (FB) surged 14.5% after the social media giant's fourth quarter earnings and revenue beat expectations. Wall Street analysts were nearly unanimous in their praise following the report, with a number increasing their price targets for its shares... Caterpillar (CAT) reported better than expected quarterly earnings, excluding certain items, but its revenue came in below the consensus forecast and the heavy equipment maker warned that it does not anticipate an improvement in the world economy or commodity prices in 2016. The stock, which had declined almost 20% in the last three months prior to this morning's report, rebounded about 2% this morning after the company jumped over its lowered profit hurdle... Shares of eBay (EBAY) and PayPal (PYPL) diverged after the recently-split companies reported their respective fourth quarter results and gave guidance, with eBay falling 13% and PayPal rising 7% near midday... The Dow Jones US Healthcare ETF (IYH) fell over 2% at midday after a number of big-names in the space gave disappointing guidance. Celgene (CELG) fell 5% following its Q4 report and fiscal year outlook, while Abbott (ABT) dropped 8% in the wake of its own results and guidance. MAJOR MOVERS: Among the notable gainers was Kinder Morgan (KMI), which rallied 8.5% after it was upgraded at Credit Suisse and Stifel. Also higher were Under Armour (UA), Dolby (DLB) and Deluxe (DLX), which gained 18%, 11% and 9%, respectively, after reporting quarterly earnings. Among the noteworthy losers was OSI Systems (OSIS), which fell 35% and was downgraded to Hold at BB&T following downbeat quarterly earnings. Also lower were Qualcomm (QCOM) and Discover (DFS), which each dropped about 7% after their quarterly earnings reports. INDEXES: Near midday, the Dow was up 1.37, or 0.01%, to 15,945.83, the Nasdaq was up 21.12, or 0.47%, to 4,489.28, and the S&P 500 was up 3.36, or 0.18%, to 1,886.31.
11:18 EDTHESOptions with increasing put volume
Options with increasing put volume: DRII SNE LH CAVM KSS UCO ILMN JBLU AVT SWK JNPR RRC CL HES
10:52 EDTFBStocks with call strike movement; QCOM FB
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10:13 EDTFBOptions with decreasing implied volatility
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10:04 EDTCMAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Amdocs (DOX) upgraded to Buy from Neutral at BofA/Merrill... Cheesecake Factory (CAKE) upgraded to Overweight from Equal Weight at Stephens... Chemical Financial (CHFC) upgraded to Buy from Hold at Sandler O'Neill... Cimarex Energy (XEC) upgraded to Buy from Hold at Wunderlich... Cirrus Logic (CRUS) upgraded to Outperform from Perform at Oppenheimer... Citrix (CTXS) upgraded on Q4 results, valuation at JMP Securities... Comerica (CMA) upgraded to Market Perform from Underperform at BMO Capital... Community Health (CYH) upgraded to Market Perform from Underperform at Raymond James... Denny's (DENN) upgraded to Overweight from Equal Weight at Stephens... Dolby (DLB) upgraded to Buy from Neutral at Dougherty... EMC (EMC) upgraded to Buy from Neutral at Mizuho... Halliburton (HAL) upgraded to Buy from Accumulate at KLR Group... Hanmi Financial (HAFC) upgraded to Strong Buy from Outperform at Raymond James... Hawaiian Holdings (HA) upgraded to Neutral at BofA/Merrill... Hologic (HOLX) upgraded to Buy from Hold at Needham... Kinder Morgan (KMI) upgraded at Stifel... MGM China (MCHVF) upgraded to Overweight from Neutral at JPMorgan... Nimble Storage (NMBL) upgraded to Buy from Hold at Maxim... Patterson Companies (PDCO) upgraded to Buy from Neutral at UBS... PayPal (PYPL) upgraded to Outperform on core market share gains at Wedbush... Prosperity Bancshares (PB) upgraded to Buy from Neutral at DA Davidson... RPC, Inc. (RES) upgraded to Overweight from Equal Weight at Morgan Stanley... Rowan Companies (RDC) upgraded to Equal Weight from Underweight at Morgan Stanley... SanDisk (SNDK) upgraded to Buy from Neutral at Mizuho... Stillwater Mining (SWC) upgraded to Outperform from Market Perform at FBR Capital... Vantiv (VNTV) upgraded to Positive from Neutral at Susquehanna... Wilshire Bancorp (WIBC) upgraded to Outperform from Market Perform at Raymond James.
09:38 EDTFBActive equity options trading on open
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09:19 EDTFBOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Facebook (FB), up 13.9%... Under Armour (UA), up 14.6%... MicroStrategy (MSTR), up 8.9%... Harley-Davidson (HOG), up 8%... Paypal (PYPL), up 6%... Mellanox (MLNX), up 7.9%... Cirrus Logic (CRUS), up 6.2%... Alibaba (BABA), up 4.5%. ALSO HIGHER: Neos Therapeutics (NEOS), up 61.4% after the FDA approved Adzenys XR-ODT for the treatment of ADHD... Exelixis (EXEL), up 4.7% after the U.S. FDA determined the company's New Drug Application for cabozantinib is sufficiently complete... Kinder Morgan (KMI), up 6.7% after being upgraded at Credit Suisse and Stifel. DOWN AFTER EARNINGS: OSI Systems (OSIS), down 21.3%... ServiceNow (NOW), down 22.3%... eBay (EBAY), down 11.5%... InvenSense (INVN), down 10.5%... Juniper Networks (JNPR), down 9.3%... Hologic (HOLX), down 4.4%... Abbott Laboratories (ABT), down 3.6%... Potash (POT), down 2.1%... Qualcomm (QCOM), down 3.6%.
08:53 EDTCMAComerica upgraded on valuation at BMO Capital
As noted earlier, BMO Capital upgraded Comerica to Market Perform from Underperform. The firm upgraded the stock based on valuation, and said that it is not concerned about the adequacy of the bank's capital. Target to $38 from $43.
08:33 EDTLVS, FBOptions expected to be active
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08:18 EDTLVSLas Vegas Sands long-term risk/reward 'compelling,' says Stifel
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08:16 EDTFBFacebook price target raised to $145 from $135 at Jefferies
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08:09 EDTFBFacebook price target raised to $130 from $120 at Stifel
Stifel raised its price target on Facebook after the company reported stronger than expected Q4 results. The firm thinks the company's mobile ad products all performed well, while its user engagement continues to grow steadily. Stifel keeps a Buy rating on the shares.
07:48 EDTFBFacebook reported solid results, says Oppenheimer
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07:45 EDTFBFacebook price target raised to $140 from $125 at Cowen
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07:37 EDTSTXSeagate volatility elevated into Q4 and outlook
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06:39 EDTCMABombardier sued by Comerica for jet payments, Reuters reports
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06:36 EDTFBFacebook price target raised to $145 from $125 at Deutsche Bank
Deutsche Bank analyst Ross Sandler raised his price target for Facebook shares to $145 saying the company's Q4 results delivered the greatest upside since mid-2013. The analyst increased his 2016 revenue and EBITDA estimates by 6.5% and 14.1%, respectively, and keeps a Buy rating on Facebook.
06:18 EDTFBFacebook price target raised to $136 from $127 at JPMorgan
JPMorgan analyst Doug Anmuth raised his price target for Facebook to $136 saying the social media giant is "standing out from the pack" following its Q4 results. Revenue growth is accelerating and margins are expanding, Anmuth tells investors in a post-earnings research note. The company is not seeing signs of macro pressure, he points out. The analyst keeps an Overweight rating on Facebook.
06:04 EDTCMAComerica upgraded to Market Perform from Underperform at BMO Capital
05:46 EDTFBFacebook price target raised to $170 from $155 at Piper Jaffray
Piper Jaffray analyst Gene Munster raised his price target for shares of Facebook (FB) to $170 following the social media giant's Q4 results. The stock is up $11.55, or 12%, to $106.00 in pre-market trading. Facebook beat Q4 revenue estimates by 9% on stronger contribution from core mobile and the ramp of Instagram, Munster tells investors in a post-earnings research note. Management made only one mention of macro concerns for the business in 2016, significantly different than Apple's (AAPL) earnings call on Tuesday night, Munster points out. He expects Facebook shares "can continue to work" and keeps an Overweight rating on the name.
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