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Stock Market & Financial Investment News

News Breaks
July 9, 2012
10:27 EDTCMS, DSW, EQIX, WFC, IRETOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: CMS Energy (CMS) initiated with an Outperform at Macquarie... DSW Inc. (DSW) initiated with a Hold at Canaccord... Equinix (EQIX) initiated with a Buy at Deutsche Bank... Wells Fargo (WFC) initiated with a Buy at Jefferies... Investors Real Estate (IRET) initiated with a Market Perform at BMO Capital.
News For CMS;DSW;EQIX;WFC;IRET From The Last 14 Days
Check below for free stories on CMS;DSW;EQIX;WFC;IRET the last two weeks.
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June 17, 2013
07:31 EDTWFCDNV KEMA to host a forum
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07:10 EDTWFCBig banks fight new rules for small loans, WSJ reports
Large banks are pushing back against regulators' plans to toughen rules on short-term, high-interest consumer loans. Wells Fargo, the largest bank to offer "deposit-advance loans," told regulators that it will discontinue the loans if plans for tougher rules are completed, reports the Wall Street Journal.Reference Link
06:14 EDTWFCOn the Fly: Periodicals Wrap-Up
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June 14, 2013
10:10 EDTWFCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Express (AXP) downgraded to Equal Weight from Overweight at Barclays... AngloGold (AU) downgraded to Sell from Neutral at UBS... DuPont (DD) downgraded to Neutral from Buy at BofA/Merrill... Myriad Genetics (MYGN) downgraded to Neutral from Buy at BofA/Merrill... Progress Software (PRGS) downgraded to Hold from Buy at Needham... Rubicon (RBCN) downgraded to Sell from Neutral at Goldman... Southern Company (SO) downgraded to Hold from Buy at Jefferies... SunTrust (STI) downgraded to Neutral from Buy at UBS... Wells Fargo (WFC) downgraded to Neutral from Buy at Sterne Agee... FIS (FIS) downgraded to Neutral from Outperform at RW Baird... SM Energy (SM) downgraded to Hold from Buy at Societe Generale..Wells Fargo (WFC) downgraded at Sterne Agee.
07:57 EDTWFCWells Fargo downgraded at Sterne Agee
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06:30 EDTWFCWells Fargo downgraded to Neutral from Buy at Sterne Agee
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June 13, 2013
07:53 EDTCMSISI Group to host a field trip
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June 12, 2013
10:14 EDTWFCOn the Fly: Downgrade Summary
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06:21 EDTWFCWells Fargo downgraded to Underweight from Neutral at Atlantic Equities
05:58 EDTWFCSome major banks get two year delay on swap rule, WSJ reports
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June 11, 2013
18:35 EDTWFCBanks given extension to spin off swaps units, WSJ reports
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09:41 EDTDSWDSW checks indicate stronger sales trends continued in May, says Cleveland
Cleveland Research's checks indicate DSW's stronger sales trends continued in May from April. The firm is modeling Q2 EPS of 82c vs. consensus of 76c.
07:30 EDTWFCMorgan Stanley to host a conference
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June 10, 2013
14:03 EDTEQIXEquinix mentioned positively at Cowen
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08:44 EDTEQIXEquinix very likely to convert to REIT by January 2015, says Wells Fargo
After speaking with an expert on REIT conversions, Wells Fargo does not believe that the IRS is looking to completely overhaul the REIT system. The firm believes that Equinix's risk/reward ratio is favorable and it reiterates an Outperform rating on the stock.
June 7, 2013
16:26 EDTEQIXOn The Fly: Closing Wrap
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16:14 EDTWFCFormer Wells Fargo unit reaches agreement with Fed on mortgage loans
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14:39 EDTEQIXShares poised to finish week higher as jobs report reassures investors
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12:57 EDTEQIXOn The Fly: Midday Wrap
The Wall Street averages were all up about 1% near midday after the monthly jobs report beat forecasts. ECONOMIC EVENTS: In the U.S., the Labor Department reported employers added 175K jobs in May, beating expectations for 163K added jobs. The unemployment rate rose slightly to 7.6% in May from 7.5% in April, with the uptick attributed to more people entering the workforce. COMPANY NEWS: TiVo (TIVO) confirmed it had settled a patent lawsuit with Google's (GOOG) Motorola unit, Cisco (CSCO) and Time Warner Cable (TWC), as reported by media outlets yesterday. The company also doubled its stock buyback authorization, but TiVo shares, which had been higher yesterday on the initial reports, fell over 17% as the amount of money the company received in the deal fell short of analyst expectations. MAJOR MOVERS: Among the notable gainers were JinkoSolar (JKS) and Thor Industries (THO), which both gained over 10% following their earnings reports. Also higher were shares of Yum! Brands (YUM), which rose nearly 3% after UBS upgraded the stock to Buy. Among the losers were a number of companies that had hoped to convert to real estate investment trusts after the IRS formed a group to study issues relating to REIT conversions. Notably, Iron Mountain (IRM) fell almost 16%, Copart (CPRT) dropped over 6%, and Equinix (EQIX) slid over 5%. INDICES: Near 1 pm ET, the Dow was up 168.95, or 1.12%, to 15,209.57; the Nasdaq was up 35.12, or 1.03%, to 3,459.17; and the S&P 500 was up 15.41, or 0.95%, to 1,637.97.
10:34 EDTEQIXREIT hopefuls decline after IRS launches review
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