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Stock Market & Financial Investment News

News Breaks
February 4, 2014
10:00 EDTTTWO, SLCA, TSRO, DO, HP, PSMI, CACC, NEM, CPEOn the Fly: Analyst Downgrade Summary
Callon Petroleum (CPE) downgraded to Neutral from Buy at SunTrust... Credit Acceptance (CACC) downgraded to Market Perform from Outperform at JMP Securities... Helmerich & Payne (HP) downgraded to Underperform from Neutral at Credit Suisse... Newmont Mining (NEM) downgraded to Neutral from Overweight at JPMorgan... Peregrine (PSMI) downgraded to Neutral from Overweight at JPMorgan... U.S. Silica (SLCA) downgraded to Hold from Buy at Jefferies... Diamond Offshore (DO) downgraded to Hold from Buy at Wunderlich... TESARO (TSRO) downgraded at Morgan Stanley... Take-Two (TTWO) downgraded to Hold from Buy at Benchmark Co.
News For CPE;CACC;HP;NEM;PSMI;SLCA;DO;TSRO;TTWO From The Last 14 Days
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January 30, 2015
10:00 EDTSLCAOn The Fly: Analyst Downgrade Summary
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09:34 EDTSLCAU.S. Silica downgraded to Neutral from Buy at Guggenheim
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January 29, 2015
16:36 EDTSLCAICS Opportunities reports 4.6% passive stake in U.S. Silica
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16:19 EDTCACCCredit Acceptance reports Q4 adjusted EPS $3.28, consensus $3.28
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10:00 EDTHPOn The Fly: Analyst Downgrade Summary
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06:09 EDTHPHelmerich & Payne sees FY15 CapEx $1.3B
The monthly cadence of the new FlexRig construction program is now expected to decline from four to two rigs per month beginning in June through the end of the calendar year. All new FlexRigs scheduled for delivery during calendar 2015 are supported with multi-year term contracts that are expected to generate attractive economic returns for the company. Furthermore, and unlike the first fiscal quarter's effective income tax rate of approximately 38.8%, the company expects an effective income tax rate of approximately 35 to 36 percent for each of the remaining three quarters of fiscal 2015.
06:08 EDTHPHelmerich & Payne expects Q2 revenue days to decrease 25% in U.S.
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06:08 EDTHPHelmerich & Payne reports Q1 EPS $1.85, consensus $1.52
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January 28, 2015
17:03 EDTHPHelmerich & Payne downgraded to Sell from Neutral at Citigroup
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13:42 EDTHPHelmerich & Payne in process of laying off thousands, Upstream reports
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January 27, 2015
12:08 EDTDOObama to propose opening up Atlantic to offshore drilling, NYT reports
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11:14 EDTHPMicrosoft sinks after outlook brings multiple downgrades
Shares of Microsoft (MSFT) are falling after the company last night issued guidance for its quarter ending in March that came in significantly below analysts' expectations. JPMorgan, Citigroup, MKM Partners and Nomura responded to the company's results by downgrading the stock. BACKGROUND: Microsoft's revenue guidance for its March quarter missed expectations, driven by U.S. dollar strength, and continued weakness in China, Russia and Japan, according to JPMorgan analyst Mark Murphy. The company's second quarter results were roughly in-line with expectations, but its software sales came in below the consensus outlook, as customers shifted to cheaper Web-based products. ANALYST REACTION: In a note to investors, JPMorgan's Murphy downgraded the stock to Neutral for Overweight. Microsoft plans to spend more money than anticipated going forward, according to the analyst, who consequently cut his fiscal 2015 earnings per share forecast for the company by 8%. The reduced profit outlook could delay the stock's move above $50, warned Murphy, who reduced his price target on the name to $47 from $53. But the analyst did note that the tech giantís commercial cloud revenue growth jumped 114% year-over-year last quarter, a higher growth rate than during the same period a year earlier. Citigroup cut its rating on Microsoft to Sell from Neutral, saying that the company's earnings headwinds are becoming clearer. The firm set a $38 price target on the stock. Both Nomura and MKM Partners cut its ratings on the name to Neutral from Buy. PRICE ACTION: In late morning trading, Microsoft fell 9.55 to $42.50. Other companies
January 26, 2015
12:02 EDTHPHelmerich & Payne management to meet with FBR Capital
Meeting to be held in Kansas City on February 4 hosted by FBR Capital.
11:42 EDTHPHelmerich & Payne management to meet with Guggenheim
Meeting to be held in Chicago on February 2 hosted by Guggenheim.
08:53 EDTTTWOTake-Two named a high conviction idea for 2015 at MKM Partners
MKM Partners named Take Two a high conviction idea for 2015. The firm is positive on Take Two's potential for FY15 EPS upside, growing cash balances, sustained long-term profitability and sizable share repurchases. The firm rates shares a Buy with a $35 price target, up from $30.
January 23, 2015
08:37 EDTSLCA, HP, DOBofA/Merrill U.S. oil & gas analysts to hold an analyst/industry conference call
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January 21, 2015
13:12 EDTNEMNewmont Mining volatility elevated as shares trend higher
Newmont Mining February call option implied volatility is at 45, April is at 39, June is at 38; compared to its 26-week average of 34 according to Track Data, suggesting large February price movement into the expected release of Q4 results on February 20.

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