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Stock Market & Financial Investment News

News Breaks
May 20, 2013
04:55 EDTCONE, CONE, CONE, DNR, DNR, DNR, SAP, SAP, SAP, SBGI, SBGI, SBGI, CHMT, CHMT, CHMT, JAH, JAH, JAH, MDAS, MDAS, MDASBarclays to host a conference
High Yield and Syndicated Loan Conference is being held in Chicago on May 20-22.
News For CONE;DNR;SAP;SBGI;CHMT;JAH;MDAS From The Last 14 Days
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May 27, 2015
14:47 EDTSAPAnalysts debate Workday after post-earnings selloff
Last night's results and guidance from Workday (WDAY) prompted a selloff in the stock a several cautious notes from research firms. However, multiple analysts remain bullish on the company and see strong prospects hidden behind the "relatively conservative" guidance. WHAT'S NEW: After the market close on Tuesday, Workday reported first quarter losses per share of (2c) on revenues of $251M, both of which beat consensus estimates. However, the company's second quarter revenue guidance of $270M-$274M bracketed the consensus forecast of about $272M. ANALYST REACTIONS: Brean Capital's Sarah Hindlian noted that traders were likely disappointed by the lack of major client announcements for Workday's FMS product, but said she believes FMS will be successful in the long term. Hindlian added that she expects Workday to become a "clear winner" eventually, but warned of a significant correction in the stock and noted that "significant" R&D spending is required before the company can capture the full market and she reiterates a Hold rating on the stock. Jefferies' John DiFucci and Brad Zelnick were less hopeful, saying the company's 31% billings growth versus 69% last year reflects "very aggressive" competition from Oracle (ORCL) and SAP (SAP), which could signal lessened momentum for Workday. The firm believes renewals may be a bright spot for the company going forward, but kept a Hold rating on the stock and cut its price target to $92 from $99 on the shares. Wells Fargo's Jason Maynard said the company's "relatively conservative" guidance is likely due to some lag in large deal signings as well as a relatively slow acceleration in Europe. The firm lowered its price target to $105-$110 from $110-$120, but remained optimistic on Workday, citing "extremely strong" renewals, new client wins in human capital management, and a maturing financial product. Richard Davis and David Hynes from Canaccord lowered Workday's price target to $100 from $110, but nevertheless said they believe the company faces a "decade of growth." The firm was not surprised at the recent selloff and recommended using weakness in the stock price to fill out investment positions in Workday. PRICE ACTION: Workday is down over 10% to about $83 per share in afternoon trading. Oracle and SAP are up roughly 1.8% and 1%, respectively.
10:01 EDTJAHOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abbott (ABT) initiated with a Buy at Evercore ISI... Aldeyra (ALDX) initiated with a Buy at Janney Capital... Black Stone Minerals (BSM) initiated with a Neutral at Credit Suisse... Boston Scientific (BSX) initiated with a Buy at Evercore ISI... Cidara Therapeutics (CDTX) initiated with a Buy at BTIG... Coach (COH) initiated with an Underweight at BB&T... Diplomat Pharmacy (DPLO) initiated with an Outperform at Raymond James... EPIRUS (EPRS) initiated with a Buy at BTIG... Enviva (EVA) initiated with a Buy at Citigroup... General Finance Corp (GFN) initiated with an Outperform at Oppenheimer... Hortonworks (HDP) initiated with an Outperform at Oppenheimer... Jarden (JAH) initiated with a Buy at UBS... Kate Spade (KATE) initiated with a Buy at BB&T... Medtronic (MDT) initiated with a Hold at Evercore ISI... MoneyGram (MGI) initiated with a Neutral at Goldman... Opexa Therapeutics (OPXA) initiated with a Buy at Maxim... Paratek Pharmaceuticals (PRTK) initiated with a Buy at BTIG... Progenics (PGNX) initiated with a Buy at BTIG... Rite Aid (RAD) initiated with a Buy at Mizuho... St. Jude Medical (STJ) initiated with a Buy at Evercore ISI... Starwood Waypoint (SWAY) initiated with an Outperform at Wells Fargo... Talen Energy (TLN) initiated with a Hold at Deutsche Bank... Ulta Salon (ULTA) initiated with a Buy at Buckingham... Vipshop (VIPS) initiated with a Buy at Stifel... Virtu Financial (VIRT) initiated with a Neutral at Citigroup... Vista Outdoor (VSTO) initiated with a Buy at Wunderlich... ZELTIQ (ZLTQ) initiated with a Buy at Northcoast... eBay (EBAY) initiated with a Buy at Topeka.
05:31 EDTJAHJarden initiated with a Buy at UBS
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05:20 EDTSAPJefferies cuts Workday price target on moderating growth
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May 26, 2015
09:58 EDTSAPOn The Fly: Analyst Initiation Summary
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06:38 EDTSAPMicrosoft buying Salesforce 'makes a lot of sense,' says Piper Jaffray
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06:25 EDTSAPSAP initiated with a Market Perform at Cowen
Target $80.
05:19 EDTCHMTChemtura, Tosoh announce LOI to manufacture, sell Emerald Innovation 1000
Chemtura and Tosoh announced that the companies have signed a letter of intent, or LOI, establishing the framework for a long-term relationship for brominated flame retardant products and technologies in Japan. Under the letter of intent, Tosoh would have the exclusive right to promote and sell Chemtura's Emerald Innovation1000 flame retardant products to Japanese customers. Tosoh would also be granted a license to manufacture Emerald Innovation1000 products for sale to Japanese customers. Tosoh will bring its proprietary production technologies to support the quality-conscious Japanese market. Emerald Innovation1000 products, developed and manufactured by Chemtura, are designed to replace decabromodiphenylether and decabromodiphenylethane in various end-use markets.
May 21, 2015
07:25 EDTDNRUBS to hold a conference
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May 20, 2015
17:36 EDTSAPSalesforce says looking to surpass SAP
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05:57 EDTSAPSAP CEO says Salesforce unlikely to be acquired, Reuters reports
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May 19, 2015
09:04 EDTSBGISinclair Broadcast division to televise MiLB's games
The American Sports Network, a division of Sinclair Networks Group, announced that ASN has reached an agreement with Minor League Baseball, or MiLB, to televise a weekly game this summer. The new series, called "Minor League Baseball Sunday Showcase" will debut with a Pacific Coast League matchup between the Iowa Cubs and the El Paso Chihuahuas on Sunday, May 31, at Southwest University Park in El Paso, Texas.

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