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Stock Market & Financial Investment News

News Breaks
January 15, 2014
10:00 EDTLPI, WDC, SUSP, RHI, LAZ, FMC, CMCSA, MWV, TER, STO, PRI, INTC, EXR, FTNT, XLNX, SYA, SNX, PCG, HTGC, DKSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Comcast (CMCSA) upgraded to Overweight from Equal Weight at Morgan Stanley... Dick's Sporting (DKS) upgraded to Outperform from Neutral at Credit Suisse... Extra Space Storage (EXR) upgraded to Buy from Hold at Cantor... FMC Corporation (FMC) upgraded to Buy from Neutral at Longbow... Hercules Technology (HTGC) upgraded to Buy from Hold at Wunderlich... Intel (INTC) upgraded to Outperform from Market Perform at BMO Capital... Lazard (LAZ) upgraded to Strong Buy from Outperform at Raymond James... PG&E (PCG) upgraded to Buy from Fair Value at CRT Capital... Primerica (PRI) upgraded to Strong Buy from Outperform at Raymond James... Robert Half (RHI) upgraded to Buy from Neutral at SunTrust... SYNNEX (SNX) upgraded to Buy from Neutral at Citigroup... Statoil (STO) upgraded to Neutral from Reduce at Nomura... Susser Petroleum Partners (SUSP) upgraded to Outperform from Neutral at RW Baird... Symetra Financial (SYA) upgraded to Market Perform from Underperform at Raymond James... Teradyne (TER) upgraded to Outperform from Sector Perform at Pacific Crest... Western Digital (WDC) upgraded to Outperform from Sector Perform at Pacific Crest... Xilinx (XLNX) upgraded to Overweight from Equal Weight at Barclays... MeadWestvaco (MWV) upgraded to Buy from Neutral at BofA/Merrill... Laredo Petroleum (LPI) upgraded to Accumulate from Hold at Tudor Pickering... Fortinet (FTNT) upgraded to Outperform from Neutral at Wedbush.
News For CMCSA;DKS;EXR;FMC;HTGC;INTC;LAZ;PCG;PRI;RHI;SNX;STO;SUSP;SYA;TER;WDC;XLNX;MWV;LPI;FTNT From The Last 14 Days
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August 18, 2015
18:30 EDTINTCChip makers advance after Analog Devices reports Q3 financial results
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16:49 EDTCMCSAOn The Fly: Top stock stories for Tuesday
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13:35 EDTINTCMicrochip selects Intel technology to enhance Internet-of-Things security
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13:33 EDTDKSOn The Fly: Top stock stories at midday
Repeating yesterday's start, the market began the session in negative territory before recapturing those losses. Early weakness was attributed to a dip in Wal-Mart (WMT) shares after the company's earnings report as well as a selloff in the Chinese market overnight. Heading into the afternoon, the market has drifted back across the flat line, with all three indices negative despite July's housing starts showing the strongest reading in eight years. ECONOMIC EVENTS: In the U.S., housing starts edged up 0.2% in July to 1.206M, outpacing consensus estimates for 1.180M in the best reading since October 2007. Building permits fell 16.3% to 1.119M against expectations for 1.230M from a revised 1.337M in June, while single family starts rose 12.8% and multifamily numbers fell 17.0%. In Europe, Eurozone parliaments are set to vote on Greece's prospective bailout deal this week, with Reuters reporting earlier today that the Austrian parliament has approved the EUR86B agreement. COMPANY NEWS: Shares of National Penn (NPBC) rose nearly 17% to $12.77 after BB&T (BBT) agreed to acquire the company in a $1.8B cash and stock deal. On a conference call discussing the acquisition, BB&T CEO Kelly King called the "very, very synergistic" deal a "compelling use of capital," adding that the company expects to consolidate about 25 branches to help drive annual cost savings of $65M... Wal-Mart (WMT) fell roughly 3.2% to near $69.50 after cutting its full year earnings outlook this morning, with CFO Charles Holley noting that operating profit will see continued pressure. Meanwhile, Home Depot (HD) and Dicks Sporting Goods (DKS) saw respective gains of about 2.3% and 1.8% after their pre-market earnings reports. MAJOR MOVERS: Among the notable gainers was Omeros (OMER), surging more than 69% to $24.58 after releasing positive preliminary data on its Phase 2 trial of OMS721 for the treatment of organ blood clots. Also higher was Inteliquent (IQNT), rising about 19% to $21.24 after announcing a three-year agreement with T-Mobile (TMUS) to provide IP voice services for the carrier. Separately, Lumber Liquidators (LL) has gained almost 5.7% to nearly $15 in afternoon trading after announcing the appointment of Jill Witter as Chief Compliance and Legal Officer. Among the noteworthy losers was Esperion (ESPR), falling over 11% despite rising 5% in pre-market trading after reporting that the ETC-1002 Phase 3 program is on track, adding that the FDA will not require a cardiovascular outcomes trial prior to the drug's potential approval. Also lower was American Apparel (APP), slipping about 1.9% after disclosing "substantial doubt" about its ability to sustain operations during the coming year. INDEXES: Near midday, the Dow was down 40.37, or 0.23%, to 17,504.81, the Nasdaq lost 26.86, or 0.53%, to 5,064.96, and the S&P 500 was lower by 6.02, or 0.29%, to 2,096.41.
13:32 EDTINTCAtmel collaborates with Intel on Internet of Things applications
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10:24 EDTDKSDick's Sporting sees FY15 operating margins increasing slightly y/y
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10:17 EDTCMCSADisney downgraded as Wells moves away from content providers
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10:07 EDTDKSHigh option volume stocks
High option volume stocks: CCOI XONE XDE OMER JMBA URBN W SCCO DKS ESPR FEYE W
09:51 EDTFTNTFireEye called top-tier security vendor in new upgrade
Shares of FireEye (FEYE) are getting a boost after Imperial Capital highlighted the company's "significant progress" when upgrading its rating on the name. California-based FireEye is a provider of cybersecurity solutions. UPGRADE: Imperial Capital analyst Michael Kim upgraded FireEye to Outperform from In-Line this morning in a note to investors, citing a favorable risk/reward at current share levels. The stock trades at the lower valuation end of similar high-growth security vendors, Kim tells investors in a research note. He believes FireEye is making "significant progress" on driving higher sales productivity and margin expansion. Ramping global adoption of the company's platform has made FireEye a top-tier security vendor, Kim argues. He raised his price target for shares to $55 from $45.50. NOT ALONE: Kim is not alone in recommending stocks in the cybersecurity space. Analysts at Piper Jaffray and Wells Fargo last week highlighted security names that they view as attractive investments. CyberArk Software (CYBR), Barracuda Networks (CUDA) and Fortinet (FTNT) were among the stocks recommended by the firms. Piper Jaffray analyst Andrew Nowinski said the recent pullback in the sector is an attractive buying opportunity. Stocks with the most attractive valuations include Barracuda, CyberArk, Fortinet and Palo Alto Networks (PANW), he told investors last week. Wells Fargo analyst Gray Powell last week upgraded Israel-based CyberArk to Outperform from Market Perform saying the company's billings growth as well as its sales and marketing efficiencies are "exceeding peers by a wide margin. HACKS CONTINUE: High-profile cyber attacks continue with the Internal Revenue Service yesterday raising the number of accounts that were compromised in a data breach earlier this year. In May, the IRS revealed that 114,000 tax accounts through its "Get Transcript" application were exposed to thieves. Yesterday, the agency said a recent review revealed approximately 220,000 additional tax accounts may have been breached, bringing the total number of victims up to 334,000. Shares of FireEye are up 56c to $44.21 in early trading. CyberArk is up 13c to $60.06 while Proofpoint (PFPT), a company focused on securing email communication, is up 16c to $65.06.
09:23 EDTDKSOn The Fly: Pre-market Movers
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08:27 EDTDKSDick's Sporting breaks out of bearish price channel after earnings beat
The shares are up over 4.5% in the pre-market to $53, putting price above the bearish price channel that was in effect prior to results. At that price next resistance is at $54.19. Support is at $52.50.
08:12 EDTSTOGlobal Big Oil sector upgraded at Citi
Citi analysts Alastair Syme and Michael Alsford upgraded their rating on the Global Big Oil space and now recommend investors position "at least a benchmark-weight" in the group. The analysts, who had been multi-year cautious on the space, prefer Total (TOT), ConocoPhillips (COP) and Statoil (STO), which they call "self-helpers." The sector price-to-book ratio of 1.2 times is now below the Q1 of 2009 and Q4 of 1998 troughs, Syme and Alsford write. Cost-cutting and better capital allocation are key to restoring the industry's profitability, they believe.
08:04 EDTCMCSABuzzFeed says NBCUniversal to make $200M equity investment in company
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07:36 EDTDKSDick's Sporting sees FY15 CapEx $245M on net basis, $365M on gross basis
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07:35 EDTDKSDick's Sporting sees Q3 EPS 45c-48c, consensus 47c
Sees Q3 SSS up 1%-3%. The company expects to open 27 new DICK'S Sporting Goods stores and relocate five DICK'S Sporting Goods stores in the third quarter of 2015. The company also expects to open seven new Field & Stream stores in the third quarter of 2015.
07:35 EDTDKSDick's Sporting sees FY15 EPS $3.13-$3.21, consensus $3.19
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07:33 EDTDKSDick's Sporting reports Q2 eCommerce penetration was 7.3% of total net sales
In the second quarter, the Company opened seven new DICK'S Sporting Goods stores, one new Field & Stream store and closed three Golf Galaxy stores, as these leases expired. As of August 1, 2015, the Company operated 619 DICK'S Sporting Goods stores in 46 states, with approximately 33.1 million square feet, 75 Golf Galaxy stores in 29 states, with approximately 1.4 million square feet and 12 Field & Stream stores in seven states, with approximately 0.6 million square feet.
07:33 EDTDKSDick's Sporting reports Q2 consolidated SSS up 1.2%
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07:33 EDTDKSDick's Sporting reports Q2 EPS excluding items 67c, consensus 75c
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07:11 EDTXLNXXilinx dvices selected by Open-Source Virtual Reality Consortium
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