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Stock Market & Financial Investment News

News Breaks
February 4, 2014
10:00 EDTSLCA, DO, TSRO, TTWO, CPE, CACC, HP, NEM, PSMIOn 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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July 22, 2014
08:08 EDTPSMIPeregrine, RF Micro Devices settle all outstanding litigation
Peregrine Semiconductor (PSMI) and RF Micro Devices (RFMD) announced that they have settled all outstanding claims between the companies. The two parties have entered into patent cross licenses and have agreed to dismiss all related litigation. Specific financial terms of the agreement remain confidential.
July 18, 2014
15:18 EDTNEMGoldcorp showed interest in Newmont Ghana mines, Bloomberg says
Goldcorp (GG) showed interest in potentially buying gold mines in Africa from Newmont Mining (NEM) while the latter was in merger talks with Barrick Gold (ABX) earlier this year, said Bloomberg, citing people familiar with the situation. Reference Link
14:53 EDTNEMGoldcorp showed interest in Newmont Mining assets in Africa, Bloomberg says
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07:27 EDTSLCAU.S. Silica price target raised to $69 from $54 at Jefferies
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07:22 EDTTTWOTotal June video game sales up 24%, spending on games down 3%, VentureBeat says
Sales of physical video game products, including consoles, games and accessories, rose 24% from the same month of last year to $736.4M in the U.S. in June, reported VentureBeat, citing NPD Group data. Spending on games slid 3% year-over-year to $286.8M, the report noted, with NPD stating that sales of launch titles this June "did not compare favorably" to those launched in 2013. The report also noted that PS4 again outsold Xbox One in the month. Publicly traded companies in the video game space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Take-Two (TTWO), Sony (SNE) and Microsoft (MSFT). Reference Link
06:38 EDTTTWOJune NPD video game software sales fell 3%, says Piper Jaffray
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July 17, 2014
07:51 EDTSLCAU.S. Silica to host conference call
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July 16, 2014
17:09 EDTSLCAU.S. Silica to acquire Cadre Services for $98M cash
U.S. Silica Holdings announced that it has signed a stock purchase agreement to acquire all of the outstanding shares of Cadre Services for approximately $98M in cash. Closing is expected by the end of the month. The purchase price of $98M, less the net present value of approximately $14M in deferred tax assets, results in $84M of net consideration. Adjusted LTM EBITDA of $11.1M represents a purchase price multiple of 7.6 times. Projected 2015 Adjusted EBITDA of approximately $18M after synergies and the benefit of a full year of sales from the March capacity expansion represents a purchase price multiple of 4.7 times. This would result in Adjusted EPS accretion of 11c-13c per share in 2015.
08:49 EDTTTWOTake-Two price target raised to $27 from $24 at MKM Partners
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July 15, 2014
10:00 EDTDOOn The Fly: Analyst Upgrade Summary
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06:41 EDTDODiamond Offshore upgraded to Market Perform from Underperform at BMO Capital
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July 8, 2014
10:28 EDTCACCOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: A.O. Smith (AOS) initiated with an Outperform at Northland... Abengoa Yield (ABY) initiated with a Buy at BofA/Merrill... Aflac (AFL) initiated with a Buy at Drexel Hamilton... Aspen Aerogels (ASPN) initiated with a Buy at Canaccord... Boston Scientific (BSX) initiated with a Buy at CRT Capital... CSC (CSC) initiated with an Underweight at Morgan Stanley... Consumer Portfolio (CPSS) initiated with a Buy at Compass Point... Credit Acceptance (CACC) initiated with a Sell at Compass Point... Intuitive Surgical (ISRG) initiated with a Neutral at BTIG... Masimo (MASI) initiated with a Buy at BTIG... Memorial Resource (MRD) initiated with an Overweight at Barclays... MetLife (MET) initiated with a Buy at Drexel Hamilton... Mueller Water (MWA) initiated with a Market Perform at Northland... New York REIT (NYRT) initiated with a Market Perform at JMP Securities... NorthStar Asset Management (NSAM) initiated with a Market Perform at Keefe Bruyette... Ophthotech (OPHT) initiated with an Outperform at Oppenheimer... Performance Sports Group (PSG) initiated with an Outperform at Wedbush... Prudential (PRU) initiated with a Buy at Drexel Hamilton... RCS Capital (RCAP) initiated with a Neutral at BofA/Merrill... Santander Consumer (SC) initiated with a Neutral at Compass Point... Silicon Laboratories (SLAB) initiated with a Buy at MKM Partners... St. Jude Medical (STJ) initiated with a Buy at CRT Capital... Starwood Waypoint (SWAY) initiated with an Outperform at Keefe Bruyette... T-Mobile (TMUS) initiated with an Outperform at BMO Capital... TherapeuticsMD (TXMD) initiated with an Outperform at FBR Capital... Waddell & Reed (WDR) initiated with an Outperform at William Blair... Xerox (XRX) initiated with an Overweight at Morgan Stanley.
09:06 EDTDODiamond Offshore appoints Ronald Woll to Chief Commercial Officer
The appointment is effective immediately. Woll most recently served as Senior VP of Supply Chain at Halliburton.
08:24 EDTCACCCredit Acceptance initiated with a Sell at Compass Point
Target $104.

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