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News Breaks | | | | February 13, 2013 | | 12:24 EDT |  | CMCSA, GE, PRLB, DDD, XONE, WCG, RATE, RAX, CLF | On The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday following the president's State of the Union address and a report that showed retail sales growth slowed in January. The Dow and S&P have moved back and forth across the flat line while the Nasdaq remained in positive ground throughout the morning, but was well off its early day highs near noon... ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in January, which was in-line with expectations though down from a 0.5% gain in December. Import prices rose 0.6% during the month, versus expectations for an increase of 0.8%, while Export prices were up 0.3% in January, matching the consensus forecast. Business inventories grew 0.1% in December, versus expectations for a 0.2% increase. Additionally, in his State of the Union address last night, President Obama outlined a mix of old and new proposals intended to jump-start the domestic economy as well as urging Congress to raise the minimum wage to $9 an hour from the existing $7.25. In Europe, Q4 industrial production fell 2.4% from the previous quarter, though production in the euro-zone rose 0.7% on the month in December... COMPANY NEWS: Comcast (CMCSA) announced several important developments late Tuesday and investors reacted favorably, sending its stock up over 4%. The company reported its Q4 results but also announced it will buy General Electric’s (GE) remaining 49% equity stake in NBCUniversal for $16.7B, increased its dividend by 20% to 78c per share and said it plans to buy back $2B of its stock in 2013. After the earlier than expected sale of the JV interest, GE said it was raising its share repurchase plan to $35B and accelerating its 2013 share buybacks to about $10B and its shares rose about 3%... MAJOR MOVERS: Among the notable gainers was Proto Labs (PRLB), up 23%, after its better than expected earnings report as well as a positive mention of 3D printing technology by President Obama last night. Shares of publicly traded 3D printer makers moved up as well, including 3D Systems (DDD) and ExOne (XONE). Also higher were shares of WellCare (WCG), which gained 10% after its earnings and revenue both beat consensus expectations. Among the noteworthy losers after earnings reports that sparked analyst downgrades were Bankrate (RATE), down nearly 20% and downgraded at Citi, Rackspace (RAX), down 18% and downgraded at Stifel Nicolaus, and Cliffs Natural (CLF), which was downgraded at Deutsche Bank, Citi and Macquarie and saw shares fall about 19%... INDICES: Near noon, the Dow was down 44.62, or 0.32%, to 13,974.08; the Nasdaq was up 4.55, or 0.14%, to 3,191.04; and the S&P 500 was up 0.30, or 0.02%, to 1,519.73. | |
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News For CMCSA;GE;PRLB;DDD;XONE;WCG;RATE;RAX;CLF From The Last 14 Days Check below for free stories on CMCSA;GE;PRLB;DDD;XONE;WCG;RATE;RAX;CLF the last two weeks. |
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| May 21, 2013 | | 16:52 EDT |  | DDD | 3D Systems stockholders approve increase in shares of common stock
3D Systems announced that, at its annual meeting, its stockholders approved an amendment to its Certificate of Incorporation to increase the authorized number of shares of Common Stock from 120M to 220M. | | | 15:40 EDT |  | RAX | Rackspace files to sell 108,645 shares of common stock for holders
| | | 12:00 EDT |  | CLF | Stocks with call strike movement; HPQ CLF
 Subscribe for More Information | | | 10:56 EDT |  | DDD | 3D Systems price target raised to $52 from $42 at Piper Jaffray
Piper Jaffray raised its price target for 3D Systems to reflect the company's acquisition of Rapid Product Development Group. The firm reiterates an Overweight rating on the stock. | | | 10:33 EDT | | GE | Boeing confirms completion of 747-8 test flight
Subscribe for More Information | | | 10:00 EDT |  | WCG | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Acquity Group (AQ) downgraded to Neutral from Buy at Roth Capital... Beazer Homes (BZH) downgraded to Neutral from Buy at Sterne Agee... CME Group (CME) downgraded to Neutral from Outperform at Macquarie... Carnival (CCL) downgraded to Neutral from Buy at UBS... Coach (COH) downgraded to Equal Weight from Overweight at Morgan Stanley... Deutsche Bank (DB) downgraded to Neutral from Overweight at JPMorgan... First Republic Bank (FRC) downgraded to Hold from Buy at Jefferies... Franklin Resources (BEN) downgraded to Neutral from Outperform at Macquarie... Life Technologies (LIFE) downgraded to Underperform from Outperform at CLSA... Oil States (OIS) downgraded to Neutral from Buy at Sterne Agee... Raymond James (RJF) downgraded to Market Perform from Outperform at Wells Fargo... VF Corp. (VFC) downgraded to Market Perform from Outperform at Wells Fargo... WellCare (WCG) downgraded to Neutral from Buy at Goldman... Huaneng Power (HNP) downgraded to Neutral from Buy at Citigroup... Comerica (CMA) downgraded to Neutral from Buy at DA Davidson... Beazer Homes (BZH) downgraded at Sterne Agee... Oil States (OIS) downgraded at Sterne Agee... eHealth (EHTH) downgraded to Neutral from Buy at Lazard Capital... Carnival (CCL) downgraded to Market Perform from Outperform at Wells Fargo... Warner Chilcott (WCRX) downgraded to Neutral from Positive at Susquehanna. | | | 08:44 EDT |  | GE | Regulators to soon vote on non-banks, WSJ reports
Subscribe for More Information | | | 06:52 EDT | | CMCSA | Video on demand from cable companies becoming more popular, NY Times says
Subscribe for More Information | | | 06:03 EDT | | WCG | WellCare downgraded to Neutral from Buy at Goldman
Subscribe for More Information | | | May 20, 2013 | | 13:45 EDT | | CMCSA | Comcast's NBC names new news president
Subscribe for More Information | | | | 13:05 EDT | | CLF | Stocks with call strike movement; AMD CLF
Subscribe for More Information | | | 11:00 EDT | | XONE, DDD | 3D printing companies rise after bullish analyst notes
Shares of 3D printing stocks are advancing after two analysts issued upbeat notes about a company in the sector, 3D Systems (DDD). WHAT'S NEW: A number of factors should cause 3D Systems' margins to rise, wrote Needham analyst James Ricchiuti in a note to investors earlier today. Meanwhile, demand for 3D Systems' products and services remains healthy, the analyst stated, adding that he is now more optimistic about the company's ability to beat earnings expectations going forward. Ricchiuti increased his price target on the stock to $52 from $42 and reiterated a Buy rating. Meanwhile, Maxim Group said it believes that 3D printing is in the early stages of adoption based on its review of a report on the sector. The firm raised its price target on 3D Systems to $54 from $44 and kept a Buy rating on the shares. PRICE ACTION: In mid-morning trading, 3D Systems rose 3.9% to $48.50, Stratasys (SSYS) climbed 4.2% to $91.70, and ExOne (XONE) gained 4.5% to $42.40. | | | 09:25 EDT | | DDD | 3D Systems price target raisede to $52 from $42 at Needham
Needham is more optimistic regarding 3D Systems earnings potential following the acquisition of Rapid Product Development Group combined with further margin expansion. Shares are Buy rated. | | | 09:11 EDT |  | RAX | Rackspace re-initiated with a Market Perform at Raymond James
| | | 08:18 EDT | | DDD | 3D Systems price target raised to $54 from $44 at Maxim
Maxim raised its price target for 3D Systems saying additive fabrication is in early stages of technology adoption. The firm keeps a Buy rating on the stock. | | | 07:58 EDT |  | CLF | BofA/Merrill's metals and mining analysts hold analyst/industry conference call
Metals & Mining Analysts discuss the recently held 30th Annual BofAML Global Metals, Mining & Steel Conference on an Analyst/Industry conference call. Relevant companies BHP, RIO, VALE, BNX, CLF, NUE, AA and BTU may be included on the Analyst/Industry conference call to be held on May 20 at 9 am. | | | 07:05 EDT | | GE | General Electric volatility flat into plans to return $18B to holders
Subscribe for More Information | | | 06:31 EDT | | GE | GE Capital board plans to pay $6.5B of dividends to parent GE in 2013
GE announced that the board of GE Capital Corporation, or GECC, had approved plans for GECC to pay $6.5Bin dividends in 2013 to GE. Earnings-dividend payments, which are subject to GECC Board and GE Board Risk Committee approvals, are planned at 30% of GECC's total 2013 earnings. GECC paid the first-quarter earnings-dividend of $447M to GE on April 19, 2013. In addition, GECC plans $4.5B in special dividends to GE in 2013, subject to the same approvals. Under its balanced capital allocation plan of investing for its long-term growth, maintaining an attractive dividend pay-out and repurchasing stock, GE plans to return $18B cash to its shareholders in 2013, including repurchase of $10B of stock. | | | May 17, 2013 | | 15:51 EDT | | CMCSA | DirecTV weighing bid for Hulu, WSJ reports
DirecTV (DTV) is considering making a bid for Hulu, the video website jointly owned by News Corp. (NWSA), Comcast (CMCSA), and Disney (DIS), reports The Wall Street Journal citing a person familiar with the matter. Reference Link | | | 15:26 EDT | | CMCSA | DirecTV considering acquisition of Hulu, Dow Jones reports
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