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Stock Market & Financial Investment News

News Breaks
August 12, 2014
15:23 EDTCREE, PE, VSAT, JDSU, MYGN, URS, JKHY, FOSL, KING, LQNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cree (CREE), consensus 41c; King Digital (KING), consensus 59c; Fossil Group (FOSL), consensus 96c; Jack Henry (JKHY), consensus 60c; URS Corporation (URS), consensus 74c; Myriad Genetics (MYGN), consensus 46c; JDS Uniphase (JDSU), consensus 13c; ViaSat (VSAT), consensus 15c; Parsley Energy (PE), consensus 9c; La Quinta (LQ), consensus 11c.
News For CREE;KING;FOSL;JKHY;URS;MYGN;JDSU;VSAT;PE;LQ From The Last 14 Days
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October 2, 2014
05:14 EDTFOSLFossil upgraded to Buy from Hold at ISI Group
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October 1, 2014
10:04 EDTJDSUSandell estimates potential value of JDSU at $19-$26 per share
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09:09 EDTCREECree earns U.S. DoD manufacturing readiness level 8 designation
Cree has earned the U.S. Department of Defense manufacturing readiness level eight designation. Awarded for its production of GaN monolithic microwave integrated circuits, this designation verifies Cree’s ability to provide assured, affordable and commercially viable production capabilities and capacities for items essential to national defense.
September 29, 2014
12:18 EDTPEOn The Fly: Midday Wrap
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11:26 EDTPEPermian stocks rally after Athlon bought by Encana
Shares of companies that obtain fossil fuels from the Permian Basin are climbing after one of the names in the sector, Athlon Energy (ATHL), agreed today to be acquired by Canadian energy giant Encana (ECA). Located in Texas and New Mexico, the Permian Basin has been yielding large amounts of oil recently. WHAT'S NEW: Encana agreed to buy Athlon for $58.50 per share in cash, or $5.9B, plus the assumption of debt for a total transaction value of approximately $7.1B. Encana noted that Athlon has about 140,000 net acres focused solely in the heart of the oil-rich Midland Basin within the Permian. "This transformative acquisition further accelerates our strategy and provides us with a prime position in what is widely acknowledged as one of North America's top oil plays," said Encana CEO Doug Suttles. Encana has been looking to increase its focus on oil and natural gas liquids and decrease its emphasis on natural gas. ANALYST REACTION: In a note to investors today, Sterne Agee analyst Tim Rezvan wrote that the Athlon deal provides "a very bullish price marker" for the other pure-play Permian stocks he covers. The terms of the deal suggest that Diamondback Energy (FANG) could jump 33%, while Energen (EGN) could rally 40%, the analyst wrote. PRICE ACTION: In late morning trading, Athlon surged 25% to $58.22 and Encana rose 2.5% to $21.67, Diamondback Energy advanced 2.6% to $75.52, Energen gained 1.5% to $74.14 RSP Permian (RSPP) and Parsely Energy (PE), two other exploration and production companies focused on the Permian Basin, were up 2.4% and 4.6%, respectively.
07:45 EDTMYGNMyriad Genetics presents tumor BRACAnalysis CDx study at ESMO
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07:24 EDTMYGNStephens to hold an investor trip
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07:20 EDTPEJohnson Rice to hold a conference
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06:59 EDTCREECree October volatility elevated into Q1
Cree October weekly call option implied volatility is at 43, October is at 53, November is at 43, December is at 38; compared to its 26-week average of 39 according to Track Data, suggesting large November price movement into the expected release of Q1 results in October.
September 25, 2014
09:44 EDTCREEVeeco shares recommended on the Aixtron order this morning at Northland
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September 23, 2014
07:10 EDTCREECree upgraded to Equal Weight from Underweight at Stephens
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September 19, 2014
13:16 EDTKINGKing Digital lower ahead of Monday lock-up expiration
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September 18, 2014
08:03 EDTJKHYJack Henry division Symitar wins 44 new credit unions in FY14
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07:26 EDTFOSLGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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