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Stock Market & Financial Investment News

News Breaks
January 25, 2013
10:07 EDTUAL, SKUL, VCBI, RYN, MTG, SUSQ, TER, GMT, CY, SNI, NE, MDT, JNS, CYN, FLEX, FLS, F, GS, IAG, CPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Canadian Pacific (CP) downgraded to Sell from Hold at Canaccord... City National (CYN) downgraded to Neutral from Buy at SunTrust... Flextronics (FLEX) downgraded to Neutral from Buy at UBS... Flowserve (FLS) downgraded to Buy from Strong Buy at CL King... Ford (F) downgraded to Equal Weight from Overweight at Barclays... Goldman Sachs (GS) downgraded to Hold from Buy at Deutsche Bank... IAMGOLD (IAG) downgraded to Neutral from Buy at BofA/Merrill... Janus Capital (JNS) downgraded to Sell from Neutral at Citigroup... Medtronic (MDT) downgraded to Hold from Buy at Wunderlich... Noble Corp. (NE) downgraded to Hold from Buy at Jefferies... Scripps Networks (SNI) downgraded to Underweight from Equal Weight at Morgan Stanley... Skullcandy (SKUL) downgraded to Neutral from Overweight at Piper Jaffray... United Continental (UAL) downgraded to Underperform from Neutral at BofA/Merrill... Virginia Commerce (VCBI) downgraded to Market Perform from Outperform at FBR Capital... Rayonier (RYN) downgraded to Sector Perform from Outperform at RBC Capital... MGIC Investment (MTG) downgraded to Underperform from Neutral at Macquarie... Susquehanna (SUSQ) downgraded to Hold from Buy at BB&T... Teradyne (TER)downgraded to Hold from Buy at Craig-Hallum... United Continental (UAL) downgraded to Neutral from Buy at Buckingham... GATX Corp. (GMT) downgraded to Outperform from Strong Buy at Raymond James... Cypress Semiconductor (CY) downgraded to Hold from Buy at Wunderlich.
News For CP;CYN;FLEX;FLS;F;GS;IAG;JNS;MDT;NE;SNI;SKUL;VCBI;RYN;MTG;SUSQ;TER;GMT;CY;UAL From The Last 14 Days
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October 13, 2014
12:16 EDTCPOn The Fly: Midday Wrap
Stocks on Wall Street were slightly lower at midday amid light trading volume. Banks and bond markets are closed in observance of the Columbus Day holiday, though equity markets remain open. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Shares of a number of freight train operators rose after The Wall Street Journal reported that one of the companies in the sector, CSX (CSX), was approached by a larger rival, Canadian Pacific (CP), about a possible merger. Following the Journal's report, CSX rose 10% and Canadian Pacific advanced 1%, while Norfolk Southern (NSC) and Kansas City Southern (KSU) both climbed about 3%... Chrysler returned to the U.S. stock market, as shares of Fiat Chrysler began trading on the New York Stock Exchange under the symbol "FCAU." MAJOR MOVERS: Among the notable gainers was J.C. Penney (JCP), which rose 3% after the company selected Marvin Ellison, who is currently executive vice president of stores at Home Depot (HD), to become its next CEO. Also higher were Atlas Energy (ATLS), which rose 20%, and Atlas Pipeline Partners (APL), which advanced 6%, after Targa Resources Partners (NGLS) and Targa Resources (TRGP) agreed to acquire Atlas Pipeline Partners for cash and stock valued at $38.66 per APL common unit and agreed to buy Atlas Energy following the company's spin-off of its non-midstream assets. Among the noteworthy losers was Aerohive Networks (HIVE), which plunged 30% after the company lowered its guidance for the third quarter, citing weaker-than-expected order volume near the quarter's end. Also lower were shares of GoPro (GPRO), which fell over 8% after a French journalist reported that the son of racing legend Michael Schumacher attributed the severity of his father's brain injury following a skiing accident on the GoPro camera mounted to his helmet. INDEXES: Near midday, the Dow was down 32.14, or 0.19%, to 16,511.96, the Nasdaq was down 7.97, or 0.19%, to 4,268.27, and the S&P 500 was down 6.85, or 0.36%, to 1,899.28.
11:00 EDTFFord adding 850 more jobs at Ford Rouge Center to build new F-150
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10:53 EDTCPRailroads advance after report of Canadian Pacific approach to CSX
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10:31 EDTCPCredit Suisse questions WSJ article on Canadian Pacific and CSX merger
Credit Suisse said it wouldn't be surprised if Canadian Pacific (CP) approached CSX (CSX), but questions its validity unless Canadian Pacific makes an official response. The analyst notes the STB rules concerning Class I mergers have an impossible hurdle rate, making a deal a non-starter.
10:28 EDTUALUnited Continental falls sharply, levels to watch
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10:26 EDTSKULSkullcandy management to meet with Roth Capital
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10:23 EDTFFord to hire 850 workers for Dearborn Rouge factories, WSJ says
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09:22 EDTMDTMedtronic announces positive data from CoreValve ADVANCE DA Study
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09:21 EDTCPOn The Fly: Pre-market Movers
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08:24 EDTCPCSX price target raised to $37 from $32 at Bernstein
Bernstein raised its price target on CSX (CSX) after The Wall Street Journal reported that the company was approached by Canadian Pacific (CP) about a possible merger. The firm thinks the deal could enable CSX to more quickly raise its margins and presents it with an opportunity to unlock significant near-term value. Bernstein says the report makes it more constructive on CSX, but it keeps a Market Perform rating on the shares.
08:04 EDTJNSJanus to acquire VelocityShares, includes upfront cash consideration of $30M
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08:01 EDTCPCanadian Pacific, CSX merger timing not ideal, says Cowen
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07:23 EDTCPCSX volatility up, approached by Canadian Pacific on possible merger, report
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07:15 EDTGSNational Association of Corporate Directors to hold a conference
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07:13 EDTMDTBioFlorida to hold a conference
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07:02 EDTFFord and Carfax expand partnership
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06:44 EDTGS, FRegulators seeking banks' auto loan data, Reuters reports
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06:37 EDTGSBlackRock, Morgan Stanley to buy shares in Link Net, WSJ reports
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October 12, 2014
16:04 EDTCPCSX approached by Canadian Pacific on possible merger, WSJ says
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13:03 EDTGSBanks agree on derivatives procedures for future crisis scenario, WSJ says
Meeting at the Federal Reserve in Washington, top banking executives from 18 large U.S., European and Japanese banks agreed in principle to wait up to 48 hours before seeking to terminate derivatives contracts and collect associated payments from a troubled financial institution, says the Wall Street Journal. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
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