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Stock Market & Financial Investment News

News Breaks
June 20, 2014
10:08 EDTNGLS, SM, PSB, ITC, XONE, CNL, TIBX, PIR, ORCL, HERO, COCO, SAH, PETM, IDIX, FXCM, COHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Cleco (CNL) downgraded to Hold from Buy at KeyBanc... Coach (COH) downgraded at BMO Capital... Corinthian Colleges (COCO) downgraded to Sell from Hold at Gabelli... ExOne (XONE) downgraded to Hold from Buy at Jefferies... FXCM (FXCM) downgraded to Neutral from Buy at Citigroup... Hercules Offshore (HERO) downgraded to Sector Perform from Outperform at Iberia... ITC Holdings (ITC) downgraded to Underperform from Neutral at Credit Suisse... Idenix (IDIX) downgraded to Neutral from Buy at UBS... Oracle (ORCL) downgraded to Neutral from Buy at Citigroup... PS Business Parks (PSB) downgraded to Neutral at JPMorgan... PetSmart (PETM) downgraded to Neutral from Outperform at Wedbush... Pier 1 Imports (PIR) downgraded to Hold from Buy at Deutsche Bank... SM Energy (SM) downgraded to Overweight from Focus List at Johnson Rice... Sonic Automotive (SAH) downgraded at Goldman... TIBCO (TIBX) downgraded to Neutral from Positive at Susquehanna... Targa Resources Partners (NGLS) downgraded to Hold from Buy at Wunderlich.
News For CNL;COH;COCO;XONE;FXCM;HERO;ITC;IDIX;ORCL;PSB;PETM;PIR;SM;SAH;TIBX;NGLS From The Last 14 Days
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January 27, 2016
10:23 EDTCOHOptions with decreasing implied volatility
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10:00 EDTPIROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BG Group (BRGYY) downgraded to Neutral from Outperform at Credit Suisse... Bed Bath & Beyond (BBBY) downgraded to Sell from Neutral at Citi... Bill Barrett (BBG) downgraded to Neutral from Buy at Ladenburg... Brown & Brown (BRO) downgraded to Underweight at Morgan Stanley... Buffalo Wild Wings (BWLD) downgraded to Neutral from Buy at BTIG... Canadian National (CNI) downgraded to Market Perform from Outperform at Raymond James... DreamWorks (DWA) downgraded to Sell from Hold at Topeka... FirstMerit (FMER) downgraded at RBC Capital... Gentex (GNTX) downgraded to Neutral from Outperform at Baird... Haverty Furniture (HVT) downgraded to Sector Weight from Overweight at KeyBanc... Hercules Technology (HTGC) downgraded to Neutral from Buy at Compass Point... Horizon Technology (HRZN) downgraded to Market Perform from Outperform at Raymond James... Installed Building downgraded to Sector Weight from Overweight at KeyBanc... Jarden (JAH) downgraded to Neutral from Buy at Citi... K+S (KPLUF) downgraded to Sell from Hold at Berenberg... La-Z-Boy (LZB) downgraded at BB&T... Legacy Reserves (LGCY) downgraded to Market Perform from Outperform at FBR Capital... Medivation (MDVN) downgraded to Hold from Buy at Canaccord... Merck (MRK) downgraded to Neutral from Buy at BofA/Merrill... Metaldyne Performance (MPG) downgraded to Neutral from Outperform at Baird... Pier 1 Imports (PIR) downgraded to Sector Weight from Overweight at KeyBanc... Priceline (PCLN) downgraded to Neutral from Buy at Goldman... Profire Energy (PFIE) downgraded to Neutral from Buy at Chardan... Regeneron (REGN) downgraded to Hold at Canaccord... Starwood (HOT) downgraded to Underperform from Outperform at CLSA... Swiss Re (SSREY) downgraded to Equal Weight from Overweight at Morgan Stanley... TSYS (TSS) downgraded to Equal-Weight from Overweight at First Analysis... Talmer Bancorp (TLMR) downgraded to Sector Perform from Outperform at RBC Capital... TopBuild (BLD) downgraded to Sector Weight from Overweight at KeyBanc... TripAdvisor (TRIP) downgraded to Sell from Neutral at Goldman... VMware (VMW) downgraded to Hold from Buy at Summit Research... W.R. Grace (GRA) downgraded to Buy from Conviction Buy at Goldman... WEC Energy (WEC) downgraded to Neutral from Conviction Buy at Goldman... Welltower (HCN) downgraded to Underperform from Market Perform at BMO Capital... Yamana Gold (AUY) downgraded to Neutral from Overweight at JPMorgan.
09:59 EDTCOHCoach upgraded to Outperform from Peer Perform at Wolfe Research
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05:49 EDTPIRBed Bath & Beyond downgraded to Underweight from Sector Weight at KeyBanc
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05:48 EDTPIRPier 1 Imports downgraded to Sector Weight from Overweight at KeyBanc
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January 26, 2016
13:45 EDTXONEStratasys falls after JPMorgan cuts on rising competition, lack of catalysts
Shares of Stratasys (SSYS) are falling after JPMorgan downgraded the company to Neutral, saying the 3D printer maker's financials could be pressured as clients curb spending and new competitors enter the space. NO CATALYSTS: Stratasys could see shrinking revenue and earnings through mid-2016 as strong competitors flood the low-end of the market and corporate clients rethink spending on the new technology, JPMorgan analyst Paul Coster argued Tuesday. Capital outlays remain muted across energy, industrials and manufacturing firms while medical device trends have also shown recent weakness, said Coster, leading him to downgrade Stratasys shares to Neutral and cut his price target to $19 from $24 on a lack of any significant catalysts for the next six months. The analyst also trimmed his outlook for 2016 earnings per share to 22c, though he sees 2017 EPS at 95c, with the above-consensus view reflecting the potential for Stratasys to benefit from cyclical demand recovery and restructuring efforts. PRICE ACTION: Shares of Stratasys have slipped roughly 4.6% to $16 while competitors 3D Systems (DDD) and ExOne (XONE) are up 5.4% and 4.5%, respectively.
12:16 EDTCOHOn The Fly: Top stock stories at midday
Stocks began the session in positive territory moved cautiously in the opening segment, before shooting higher following the better than expected consumer confidence reading. The Dow is the biggest winner and is up more than 1.5% while the Nasdaq has been lagging but is up more than 0.6%. ECONOMIC EVENTS: In the U.S., the S&P/Case-Shiller 20-city home price index rose 5.8% from the prior year in November, topping expectations for a 5.7% year-over-year increase. The separate FHFA house price index showed a monthly gain of 0.5% in November, matching the consensus forecast. Markit's services PMI for January came in at 53.7, missing the 54.0 forecast. The preliminary reading of the Conference Board's consumer confidence index for January came in at 98.1, topping the 96.5 reading that was expected. In Asia, Japan's Nikkei index fell 2.35% while China's Shanghai composite slid 6.4%. COMPANY NEWS: The volume of earnings reports took a step up, with four members of the bluechip Dow Jones Industrial Average posting results before the opening bell this morning. All four advanced on the heels of their reports, with 3M (MMM) leading the pack with a gain of 4.5% despite earnings, excluding restructuring charges, that missed the consensus forecast. The industrial conglomerate did, however, affirm its performance expectations for the new fiscal year. Meanwhile, Johnson & Johnson (JNJ) rose 3%, Procter & Gamble (PG) gained 2.7% and DuPont (DD) added 1.6%... AIG (AIG) provided its much-anticipated strategy update, committing to return at least $25B to shareholders over next two years and announcing that it has agreed to sell AIG Advisor Group to private equity firm Lightyear Capital and Canadian pension investment manager PSP Investments. AIG also said it will pursue an initial public offering of United Guaranty in mid-2016 to sell up to 19.9% of the outstanding shares as a first step towards a full separation. However, the insurer said it believes a full breakup, as espoused by investor Carl Icahn, would detract from shareholder value, arguing that a lack of diversification benefits would reduce capital available for distribution and there would be a loss of tax benefits. MAJOR MOVERS: Among the notable gainers was Avis Budget (CAR), which rallied 7% after the company raised its share repurchase authorization by $300M and after SRS Investment reported a 9.5% stake in the company. Also higher were Sprint (S) and Coach (COH), which gained 20% and 11%, respectively, after reporting quarterly earnings. In addition, FirstMerit (FMER) rose 16% after reporting quarterly earnings and announcing that it will merge with Huntington Bancshares (HBAN) in a deal valued at $3.4B. Huntington Bancshares fell 10% after the FirstMerit merger agreement was announced. Also lower was Stratasys (SSYS), which dropped 6% after JPMorgan downgraded the shares to Neutral from Overweight. In addition, Polaris (PII) and Waters Corporation (WAT) were down 11% and 4.5%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was up 273.66, or 1.72%, to 16,158.88, the Nasdaq was up 49.20, or 1.09%, to 4,567.69, and the S&P 500 was up 25.96, or 1.38%, to 1,903.04.
11:13 EDTCOHActive options; AAPL BAC FB NFLX C MSFT TWTR VALE FCX COH XOM AMZN
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11:01 EDTCOHStocks with call strike movement; COH BAC
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10:06 EDTCOHOptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT GNC ALKS CALM NFLX CREE FFIV COH ISRG IBM
10:01 EDTCOHHigh option volume stocks
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09:17 EDTCOHCoach says 'no change' in capital allocation plans
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09:15 EDTCOHOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Sprint (S), up 19.5%... Rambus (RMBS), up 8%... Freeport-McMoRan (FCX), up 11.3%... Sanmina (SANM), up 9.9%... Coach (COH), up 4.9%. ALSO HIGHER: Firstmerit (FMER), up 21.5% following the merger announcement with Huntington Bancshares (HBAN). DOWN AFTER EARNINGS: Polaris (PII), down 4.2%. ALSO LOWER: Huntington Bancshares, down 6.8% after announcing a merger with Firstmerit. Stratasys (SSYS), down 3.7% after being downgraded to Neutral from Overweight at JPMorgan.
09:12 EDTCOHCoach sees N.A. comps improving throughout the year
09:11 EDTCOHCoach says "now is the time" to explore selling interest in Hudson Yards JV
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09:05 EDTCOHCoach experiencing strengthening in Chinese tourist spending in Japan, Europe
Says confident company will return to topline growth this FY as well as positive N.A. comps by Q4. Says seeing Stuart Weitzman gain traction internationally, seeing growth in Asia. Says on target to end the year with 40% of doors in new modern luxury format. Says "bullish" about prospects for global men's business, still targeting $1B in sales in 2017. Says had "record" Black Friday sales in North America. Says in store traffic trends improved in North America in Q2, though competitive pressures intensified and company responded with higher level of promotions than expected. Says expects to renovate about 60 modern luxury concept stores this year in North America. Says Hong Kong, Macau continue to be impacted by "dramatic" slowdown in inbound tourist traffic. Says "optimistic" on prospects for this market over the long-term despite short-term volatility. Still sees Chinese tourist as "increasingly large part" of business globally and says has experienced strengthening in Chinese tourist spending, particularly in Japan and Europe. Comments taken from the Q2 earnings conference call. Coach is up 4.55% in pre-market trading.
09:01 EDTCOHCoach moves higher after earnings beat
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06:49 EDTCOHCoach backs FY16 revenue growth of low-single digits
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06:48 EDTCOHCoach reports Q2 Coach Brand sales $1.18B, Stuart Weitzman sales $94M
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06:46 EDTCOHCoach reports Q2 non-GAAP EPS 68c, consensus 67c
Reports Q2 revenue $1.27B vs. $1.22B last year.
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