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Stock Market & Financial Investment News

News Breaks
February 21, 2014
10:00 EDTCHSP, PODD, PM, JWN, WMT, SXL, PFMT, OIS, RPTP, TAC, PHG, PEG, NCMI, COLM, MONT, GRPN, MHK, ESNT, IHGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Columbia Sportswear (COLM) downgraded to Sell from Hold at McAdams Wright... Essent Group (ESNT) downgraded to Market Perform from Outperform at Keefe Bruyette... Groupon (GRPN) downgraded to Underperform from Sector Perform at RBC Capital... InterContinental Hotels (IHG) downgraded to Underperform from Neutral at Credit Suisse... Mohawk (MHK) downgraded to Market Perform from Strong Buy at Raymond James... Montage Technology (MONT) downgraded to Equal Weight from Overweight at Barclays... National CineMedia (NCMI) downgraded to Hold from Buy at Stifel... Nordstrom (JWN) downgraded to Hold from Buy at Stifel... Oil States (OIS) downgraded to Neutral from Buy at Guggenheim... PSEG (PEG) downgraded to Hold from Buy at Jefferies... Performant Financial (PFMT) downgraded to Market Perform from Outperform at Wells Fargo... Philip Morris (PM) downgraded to Market Perform from Outperform at First Global... Philips (PHG) downgraded to Underperform from Neutral at Exane BNP Paribas... Sunoco Logistics (SXL) downgraded to Neutral from Buy at UBS... Insulet (PODD) downgraded to Sell from Hold at Feltl... TransAlta (TAC) downgraded to Hold from Buy at Canaccord... Wal-Mart (WMT) downgraded at Stifel... Chesapeake Lodging (CHSP) downgraded to Neutral from Buy at SunTrust... Raptor Pharmaceuticals (RPTP) downgraded to Neutral from Buy at Ladenburg.
News For COLM;ESNT;GRPN;IHG;MHK;MONT;NCMI;OIS;JWN;PEG;PFMT;PM;PHG;SXL;PODD;TAC;WMT;CHSP;RPTP From The Last 14 Days
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January 27, 2015
09:43 EDTSXLSunoco Logistics increases distribution 5% to 40c per unit
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08:57 EDTPHGPhilips says tracking 1 percentage point behind 2016 targets
Philips said: “Overall, 2014 was a setback in our performance trajectory. We have been taking clear actions to drive stronger operational performance across our businesses and expect sales growth and EBITA margin improvements in 2015 and beyond. However, looking ahead, we remain cautious regarding the macroeconomic outlook and expect ongoing volatility of some of our end-markets. We also anticipate further incidental costs in 2015 and 2016, mainly in relation to restructuring and the separation. Due to these factors, we are tracking 1 percentage point behind on the path to achieving each of our 2016 comparable sales growth, EBITA and ROIC Group targets. We are convinced that this does not change our longer-term performance potential, considering the attractiveness of the Lighting Solutions and HealthTech markets and our competitive position. Later this year, as we progress with the separation of Philips and reallocation of IG&S, we will update the market about the integral performance targets for each of the two operating companies.”
08:56 EDTPHGPhilips reports Q4 net income EUR 134M vs. EUR 412M last year
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January 26, 2015
10:00 EDTPODDOn The Fly: Analyst Downgrade Summary
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08:14 EDTCHSPChesapeake Lodging sees Q4 20-hotel portfolio RevPAR up 4.9%
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08:11 EDTCHSPChesapeake Lodging increases dividend 17% to 35c
Chesapeake Lodging Trust announced that its board of trustees has declared a quarterly dividend payment of 35c per common share. The dividend will be paid on April 15 to shareholders of record at the close of business on March 31. The dividend represents a 3.6% annualized yield based on the closing price of the Trust’s common shares on January 23.
08:09 EDTCHSPChesapeake Lodging sees FY15 EPS $1.16-$1.25, consensus $1.26
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07:58 EDTMHKMohawk price target raised to $190 from $165 at UBS
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06:53 EDTPODDInsulet downgraded to Market Perform from Outperform at William Blair
William Blair downgraded Insulet to Market Perform citing weaker domestic insulin pump market trends.
January 23, 2015
18:25 EDTTACTransAlta declares quarterly dividend of 18c per share
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14:29 EDTGRPNGroupon volatility elevated
Groupon January weekly call option implied volatility is at 75, February is at 77, April is at 60; compared to its 26-week average of 53 according to Track Data, suggesting large February price movement into the expected release of Q4 results in February.
09:36 EDTPMActive equity options trading
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January 22, 2015
06:32 EDTGRPNBlue Calypso files motion to lift stay in patent infringement cases and appeal
Blue Calypso (BCYP) announced that it has filed a motion in the Eastern District of Texas to lift the negotiated stay on the pending patent infringement litigation between the Company and Groupon (GRPN), Yelp (YELP), Foursquare and IZEA.PK. The Company has also filed notices of appeal at the Federal Circuit Court of Appeals in each of the Covered Business Method Review cases at the Patent Trial and Appeals Board. On January 14, 2014, the parties agreed to stay the litigation in the Eastern District pending the decisions from the PTAB as to validity of the patents. As a part of agreeing to join the stay, the parties jointly agreed to ask the Court to lift the stay and for an expedited litigation schedule if any of the asserted claims were held valid by the PTAB. The PTAB now has confirmed the validity of twenty-eight claims and Blue Calypso, through its counsel, has asked the Court to lift the stay according to the agreement. The defendants refused to participate in the motion to lift the stay as previously agreed, and have instead asked the Court to leave the stay in place in a separate motion.
January 21, 2015
16:48 EDTSXLSunoco Logistics announce successful binding Open Season for project basin
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13:38 EDTWMTEarnings Preview: eBay shares rise over 5.5% since last earnings report
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10:01 EDTWMTOn The Fly: Analyst Downgrade Summary
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07:31 EDTPODDInsulet well positioned to beat expectations, says Leerink
Leerink believes the worst is now behind Insulet and that the company is positioned for accelerating new patient adds in Q2 and beyond. Leerink thinks lowered base expectations position Insulet to potentially top forecasts in 2015. The firm lowered its price target for shares to $40 and $50 and keeps an Outperform rating on the name.
06:52 EDTWMTWal-Mart downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley downgraded Wal-Mart to Equal Weight citing balanced risk/reward and lack of margin growth due to potential re-investments.
January 20, 2015
13:01 EDTWMTWal-Mart launches cash pickup option for tax refunds
As Americans begin to file their tax returns, Walmart (WMT) announced the launch of a first-of-its-kind service that allows consumers to “skip the check” and pick up their tax refunds in cash. Walmart Direct2Cash is available nationwide starting today and will help customers save time and money when compared to traditional tax refund options. Walmart is working with Tax Products Group, a Green Dot Company (GDOT), and Republic Bank & Trust Company, member FDIC, two providers of tax-related financial products and services, to provide Walmart Direct2Cash as an option to millions of customers. The more than 25,000 tax preparation locations using software with the Walmart Direct2Cash option may provide this service for no additional fee or charge a maximum of $7 at the time of filing. Walmart does not charge customers a fee when refunds are claimed in a store.
09:44 EDTWMTSupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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