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Stock Market & Financial Investment News

News Breaks
May 15, 2014
09:18 EDTTEL, FLEX, APH, CSCO, JBLCisco results bode well for key supply chain partners, says RBC Capital
RBC Capital believes that Cisco's (CSCO) results and guidance bode well for the company's key supply chain partners: Flextronics (FLEX), Jabil Circuit (JBL), Amphenol (APH) and TE Connectivity (TEL). The firm thinks that Cisco's demand should surpass expectations going forward, causing its supply chain partners to beat expectations. The firm keeps a Top Pick rating on Amphenol, Outperform ratings on Flextronics and TE Connectivity, and a Sector Perform rating on Jabil Circuit.
News For CSCO;FLEX;JBL;APH;TEL From The Last 14 Days
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February 2, 2016
06:08 EDTTELTE Connectivity to acquire Creganna Medical Group for $895M in cash
TE Connectivity announced that it has entered into a definitive agreement to acquire the Creganna Medical group for $895M in an all cash transaction. The company, headquartered in Ireland, reported sales of approximately $250M in 2015 and is a portfolio company of Permira Funds. Upon completion of the transaction, the business will be reported as part of TE's Industrial Solutions segment. The company expects 3c accretion to TE's adjusted EPS in the first full fiscal year. The company expects the transaction to boost revenue growth and EBITDA margins. The transaction is subject to the receipt of certain regulatory approvals and is expected to close in Q3. The transaction will be financed through cash and debt.
January 29, 2016
10:05 EDTFLEXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Atlassian (TEAM) upgraded on positive outlook at JMP Securities... BRF S.A. (BRFS) upgraded to Buy from Hold at Deutsche Bank... Bank of America (BAC) upgraded to Outperform from Sell at CLSA... CEMEX (CX) upgraded to Buy from Hold at Jefferies... Chemical Financial (CHFC) upgraded to Outperform from Market Perform at Fig Partners... Computer Programs (CPSI) upgraded to Buy from Hold at Topeka... DST Systems (DST) upgraded to Outperform at Baird... Diamond Offshore (DO) upgraded to Neutral from Sell at Citi... First Cash Financial (FCFS) upgraded to Buy from Neutral at Janney Capital... First Merchants (FRME) upgraded to Overweight from Equal Weight at Stephens... Flex (FLEX) upgraded on solid results at Stifel... Intercept (ICPT) upgraded to Equal Weight from Underweight at Morgan Stanley... J.C. Penney (JCP) upgraded to Neutral from Underperform at Credit Suisse... JetBlue (JBLU) upgraded to Buy from Hold at Evercore ISI... Juniper (JNPR) upgraded to Outperform from Market Perform at Bernstein... Live Oak Bancshares (LOB) upgraded to Buy from Neutral at SunTrust... Microsemi (MSCC) upgraded to Outperform from Market Perform at Wells Fargo... NetSuite (N) upgraded to Buy from Hold at Canaccord... NextEra Energy (NEE) upgraded to Outperform at Baird... Oshkosh (OSK) upgraded to Buy from Neutral at SunTrust... PC Connection (PCCC) upgraded to Market Perform from Underperform at Raymond James... Pinnacle Financial (PNFP) upgraded to Overweight from Equal Weight at Stephens... Potash (POT) upgraded to Outperform from Sector Perform at Scotiabank... Rayonier (RYN) upgraded on valuation at BMO Capital... SanDisk (SNDK) upgraded to Buy from Hold at Needham... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... Sotherly Hotels (SOHO) upgraded to Buy from Neutral at Janney Capital... Textura (TXTR) upgraded to Outperform from Market Perform at Northland... Valley National (VLY) upgraded to Buy from Hold at Sandler O'Neill.
09:21 EDTFLEXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Gigamon (GIMO), up 17.7%... Fortinet (FTNT), up 10%... Flextronics (FLEX), up 10%... Skyworks (SWKS), up 5.7%... Seagate Technology (STX), up 4.9%.. Microsoft (MSFT), up 4.6%. ALSO HIGHER: Inovio Pharmaceuticals (INO), up 8.1% after CEO says Zika vaccine could enter human testing this year... J.C. Penney (JCP), up 2.1% after being upgraded to Neutral from Underperform at Credit Suisse... BRF S.A. (BRFS), up 3.1% after being upgraded to Buy from Hold at Deutsche Bank... Axiall (AXLL), up 83.4% after rejecting $20 per share acquisition proposal from Westlake Chemical (WLK)... Energous (WATT), up 12% after Bloomberg reported that Apple (AAPL) is working with partners in the U.S. and Asia to develop new wireless charging technology. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 10.1%... Electronic Arts (EA), down 6.2%... AbbVie (ABBV), down 4%... American Airlines (AAL), down 1.3%. ALSO LOWER: Gilead Sciences (GILD), down 5.5% after CEO John Martin to assume role of executive chairman and COO John Milligan will be promoted to CEO.
08:50 EDTFLEXFlex rallies after earnings beat, upgrades
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07:41 EDTFLEXFlex upgraded on solid results at Stifel
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06:29 EDTFLEXOptions expected to be active: AMZN EA MSFT EWJ FLEX SWKS GOOG GOOGL FB
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06:20 EDTFLEXFlex upgraded to Strong Buy from Market Perform at Raymond James
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06:15 EDTFLEXFlex upgraded to Buy from Hold at Stifel
January 28, 2016
19:09 EDTFLEXOn The Fly: After Hours Movers
UP AFTER EARNINGS: Gigamon (GIMO), up 15.2%... QLogic (QLGC), up 11%... Fortinet (FTNT), up 9.2%... ShoreTel (SHOR), up 5.7%... Skyworks (SWKS), up 3.6%... Flextronics (FLEX), up 4.6%... Microsoft (MSFT), up 3.6%... Proofpoint (PFPT), up 3.1%. ALSO HIGHER: Palo Alto Networks (PANW) is up 1.1% and FireEye (FEYE) is up 1.6% after Fortinet reported quarterly results. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 13.2%... Synaptics (SYNA), down 3.8%... Electronic Arts (EA), down 8%... Quality Systems (QSII), down 9%... Visa (V), down 1.2%. ALSO LOWER: Facebook (FB) is down 1.2%, Netflix (NFLX) is down 2.7%, and Alphabet (GOOG, GOOGL) is down 1.5% and 1.7%, respectively, after Amazon reported quarterly results.
16:50 EDTCSCOCisco says Chief Development Officer Pankaj Patel to step down
Cisco disclosed in a regulatory filing that, on January 25, Pankaj Patel, EVP and Chief Development Officer, Global Engineering of Cisco Systems notified the company of his decision to step down from his current position during 2H16.
16:09 EDTFLEXFlex sees Q4 EPS 25c-31c, consensus 27c
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16:07 EDTFLEXFlex reports Q3 EPS 35c, consensus 31c
Reports Q3 revenue $6.76B, consensus $6.51B.
14:29 EDTFLEXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Microsoft (MSFT), consensus 71c... Amazon (AMZN), consensus $1.56... Amgen (AMGN), consensus $2.29... Electronic Arts (EA), consensus $1.81... Skyworks (SWKS), consensus $1.58... Western Digital (WDC), consensus $1.54... Visa (V), consensus 68c... Flextronics (FLEX), consensus 31c... NetSuite (N), consensus 4c... Fortinet (FTNT), consensus 18c... Synaptics (SYNA), consensus $1.58... Proofpoint (PFPT), consensus (11c).
January 27, 2016
09:29 EDTCSCOFacebook data center project supported by telco heavyweights, FT reports
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08:56 EDTCSCOEMC CEO says 'very committed' to partnership with Cisco
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January 26, 2016
07:02 EDTTELInternational Exposition Company to hold an expo
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06:26 EDTFLEXFlex added to U.S. Focus List at Citi
Citi analyst Jim Suva added Flex to his firm's U.S. Focus List. The analyst cites positive read-throughs from peers Sanmina (SANM) and Plexus (PLXS) as well as stronger stock repurchases. Suva this morning upgraded Sanmina to Neutral. The analyst has a Buy rating on Flex with a $14 price target.
January 25, 2016
15:59 EDTCSCOArista Networks files antitrust allegations against Cisco, WSJ says
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07:32 EDTCSCOTMC to hold a conference
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January 24, 2016
14:40 EDTCSCOCollapse in private tech could ripple into public markets, Barron's says
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