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Stock Market & Financial Investment News

News Breaks
March 12, 2014
10:13 EDTCPWR, BBG, CETV, INFY, PLUGHigh option volume stocks: CPWR BBG CETV INFY PLUG
News For CPWR;BBG;CETV;INFY;PLUG From The Last 14 Days
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October 1, 2014
10:01 EDTINFYInfosys volatility elevated into Q2 and outlook
Infosys October call option implied volatility is at 46, November is at 27, January is at 28, April is at 27; compared to its 26-week average of 32 according to Track Data, suggesting larger price movement into the expected release of Q2 results on October 10.
05:19 EDTINFYInfosys announces strategic relationship with Stanford University
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September 30, 2014
14:04 EDTINFYInfosys extends its relationship with Oracle
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September 29, 2014
10:24 EDTPLUGPlug Power highlights work within auto industry
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06:03 EDTPLUGStocks with implied volatility movement; ANR PLUG
Stocks with implied volatility movement; Alpha Natural (ANR) 104, Plug Power (PLUG) 87 according to iVolatility.
September 24, 2014
11:54 EDTPLUGStocks with call strike movement; HLF PLUG
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09:38 EDTINFYInfosys downgraded to Neutral from Outperform at Macquarie
Macquarie downgraded Infosys to Neutral due to valuation.
September 23, 2014
17:58 EDTBBGCDK Global set to join S&P MidCap 400, Bill Barrett to join S&P small cap 600
CDK Global Inc. (CDKVV) will replace Bill Barrett (BBG) in the S&P MidCap 400, and Bill Barrett will replace ITT Educational Services (ESI) in the S&P SmallCap 600 after the close of trading on Tuesday, September 30. S&P 500 constituent Automatic Data Processing (ADP) is spinning off CDK Global in a deal expected to be completed on that date. Bill Barrett's market capitalization is below $1.2B, making it more representative of the small cap market space. ITT Educational Services is ranked at the bottom of the S&P SmallCap 600. CDK Global provides integrated information technology and digital marketing solutions to retail locations and manufacturers. Headquartered in Hoffman Estates, IL, the company will be added to the S&P MidCap 400 GICS Application Software Sub-Industry index. Bill Barrett acquires, explores, and develops oil and natural gas resources. Headquartered in Denver, CO, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Exploration & Production Sub-Industry index.
17:27 EDTBBGCDK Global Inc. to replace Bill Barrett in S&P 400 as of 9/30 close
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17:22 EDTBBGBill Barrett to replace ITT Educational in S&P 600 as of 9/30 close
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16:20 EDTPLUGOn The Fly: Closing Wrap
Stocks on Wall Street were lower after the U.S. took new action to clamp down on tax inversion deals and led airstrikes against Islamic State militants in Syria, while Europe reported weaker than expected manufacturing data. ECONOMIC EVENTS: In the U.S., the FHFA's home price index rose 0.1% in July to 212.7, missing expectations for an increase of 0.5%. Markit's preliminary manufacturing Purchasing Managers' Index for September came in at 57.9, slightly below the consensus forecast for a 58.0 reading. In China, HSBC's flash manufacturing PMI rose to 50.5 from a final reading of 50.2 in August, better than expectations. In Europe, Markit's composite flash PMI for the eurozone dipped to a nine-month low of 52.3, missing expectations for it to hold steady with its 52.5 reading for August. COMPANY NEWS: The shares of a number of companies that have announced or been speculated as targets in tax inversion deals fell after the U.S. Treasury last night issued new regulations that will make such deals less attractive. AstraZeneca (AZN), which has previously turned down an offer to be acquired by the U.S.'s Pfizer (PFE), sank $3.54, or 4.74%, to $71.13 despite a Bloomberg report that said Pfizer is still considering pursuing a deal with the U.K. drugmaker. AbbVie (ABBV), which has a deal in progress to acquire Shire (SHPG) and thus move its tax domicile to Ireland, fell $1.15, or 1.96%, to $57.56, while Shire shares slid $5.56, or 2.17%, to $250.74. Medtronic (MDT), which is pursuing its own inversion deal with Covidien (COV), dropped $1.90, or 2.88%, to $64.08. MAJOR MOVERS: Among the notable gainers was Herbalife (HLF), which rose $3.88, or 9.65%, to $44.09, bouncing back from a pullback yesterday that had been attributed to rumors of Carl Icahn selling out of his stake in the company. Also higher was Plug Power (PLUG), which rose 40c, or 9.57%, to $4.58 after the company's CEO gave FY15 revenue guidance that was above the consensus Street view in an interview with the Albany Business Review. Among the noteworthy losers was Ascena Retail (ASNA), which dropped $2.78, or 16.82%, to $13.75 after the apparel retailer's fourth quarter results and fiscal 2015 profit outlook trailed analysts' consensus estimates. Also lower were shares of used car retailer CarMax (KMX), which fell $5.01, or 9.49%, to $47.80 after the company reported sluggish comparable used car sales in its second quarter. INDEXES: The Dow declined 116.81, or 0.68%, to 17,055.87, the Nasdaq dropped 19.00, or 0.42%, to 4,508.69, and the S&P 500 fell 11.52, or 0.58%, to 1,982.77.
14:26 EDTPLUGPlug Power CEO sees FY15 revenue of $130M, Albany Biz Review says
Plug Power CEO Andy Marsh sees its new agreement with M&T Bank to offer financing packages for its GenKey systems to allow customers to decide more quickly on purchases, which will help the company accelerate its revenue, reported Albany Business Review, citing an interview with Marsh. Marsh said the new financing will help Plug generate more than $75M in revenue this year and that the company is "on track to do $130M in revenue in 2015," the report added. Consensus estimates for Plug Power's revenue in FY14 and FY15 are $75.93M and $126.37M, respectively. Reference Link
September 22, 2014
20:44 EDTBBGBill Barrett management to meet with SunTrust
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10:15 EDTBBGOn The Fly: Analyst Upgrade Summary
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08:15 EDTBBGBill Barrett upgraded at BMO Capital
As noted earlier, BMO Capital upgraded Bill Barrett to to Market Perform from Underperform. The firm thinks recent moves made by the company results in a more focused and oil-weighted asset portfolio. Target raised to $23 from $19.
06:33 EDTBBGBill Barrett upgraded to Market Perform from Underperform at BMO Capital
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06:16 EDTPLUGPlug Power implied volatility of 82 at upper end of index mean range
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September 18, 2014
05:34 EDTINFYInfosys expands partnership with Microsoft
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September 17, 2014
10:00 EDTBBGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AB InBev (BUD) upgraded to Hold from Sell at Societe Generale... Baker Hughes (BHI) upgraded to Outperform from Sector Perform at Howard Weil... Bank of the Ozarks (OZRK) upgraded to Buy from Hold at BB&T... Bill Barrett (BBG) upgraded to Buy from Neutral at Mizuho... Cepheid (CPHD) upgraded to Buy from Hold at Cantor... Cigna (CI) upgraded to Positive from Neutral at Susquehanna... Extra Space Storage (EXR) upgraded to Buy from Hold at Jefferies... GNC Holdings (GNC) upgraded to Outperform from Neutral at Wedbush... MB Financial (MBFI) upgraded at DA Davidson... Mondelez (MDLZ) upgraded to Buy from Hold at Societe Generale... Radian Group (RDN) upgraded to Buy from Neutral at Compass Point... Skullcandy (SKUL) assumed with a Overweight from Neutral at Piper Jaffray... Under Armour (UA) upgraded to Overweight from Neutral at Piper Jaffray.
05:59 EDTBBGBill Barrett upgraded to Buy from Neutral at Mizuho
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