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Stock Market & Financial Investment News

News Breaks
May 10, 2012
12:11 EDTSNE, KERX, PANL, INSP, NWSA, WFR, TSLA, KSS, MNST, CSCO, SGI, WIN, PCLNOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with the Dow higher in spite of a steep decline in shares of Cisco (CSCO) following its earning report and guidance. Stock futures rallied into positive territory during the pre-market trading session, with the move solidified by the in line jobless claims data and a rally in stock markets in Europe. U.S. equities opened higher but met resistance in the early going. The failure to push through some technical levels saw the market lose some of its steam. The averages have been generally mixed since about an hour into trading, with the Dow and S&P higher and the Nasdaq in negative territory... ECONOMIC EVENTS: In the U.S., 367,000 initial jobless claims were reported, which was basically in line with last week's figure and with consensus estimates. The U.S. trade deficit grew 14.1% to $51.83B in March, versus estimates of $50.0B. U.S. imports grew 5.2%, the biggest gain since January 2011, while U.S. exports rose 2.9% to a record $186.8B. Also, import prices decreased 0.5%, versus the expected decrease of 0.2%. In Europe, the Bank of England left its benchmark interest rate at 0.5%, as expected, and did not increase its plans for asset purchases. In China, foreign trade growth in April disappointed as exports rose only 4.9% from a year earlier, down from 8.9% in March... COMPANY NEWS: Dow component Cisco reported quarterly earnings and revenue that just beat consensus views but forecast earnings in the coming quarter below the Street's expectations. The company's pessimistic view on challenges in Europe and weakness in India resonated with investors and the stock slid nearly 10%... News Corp. (NWSA) shares gained about 5% after the company reported revenue and profit that beat expectations and it raised its stock repurchase program by $5B to $10B... Sony (SNE) projected it will swing back to profit this fiscal year on a recovery in its consumer electronics and component businesses, giving its shares a 1% boost... Among others reporting earnings, advancers included Monster Beverage (MNST) and InfoSpace (INSP); decliners included Priceline.com (PCLN), Kohl's (KSS), Universal Display (PANL) and Windstream (WIN)... MAJOR MOVERS: Among the notable gainers were Tesla Motors (TSLA), up nearly 12%, after it reported quarterly sales and losses that were worse than expected but also increased the low end of its full year revenue guidance, and Keryx Biopharmaceuticals (KERX), up more than 16%, following upgrades to Buy ratings at Ladenburg and Roth Capital, which both cited the company's Zerenex program. Noteworthy losers included Silicon Graphics (SGI), down over 27%, after projecting losses for next quarter and for the year, and MEMC Electronic (WFR), down 20%, following its report of quarterly losses that were steeper than expected... INDICES: Near noon, the Dow was up 26.83, or 0.21%, to 12,861.89; the Nasdaq was down 11.13, or 0.38%, to 2,923.58; and the S&P 500 was up 2.76, or 0.20%, to 1,357.34.
News For CSCO;NWSA;SNE;MNST;INSP;PCLN;KSS;PANL;WIN;TSLA;KERX;SGI;WFR From The Last 14 Days
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August 13, 2015
10:00 EDTKERXOn The Fly: Analyst Initiation Summary
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10:00 EDTMNSTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: A. Schulman (SHLM) upgraded to Buy from Accumulate at Global Hunter... American Capital Agency (AGNC) upgraded to Buy from Neutral at Compass Point... Annaly Capital (NLY) upgraded to Buy from Neutral at Compass Point... Aramark (ARMK) upgraded to Outperform at Baird... Bernstein upgrades Yahoo (YHOO), says shares pricing in 'almost' worst case scenario... BreitBurn Energy (BBEP) upgraded to Neutral from Sell at UBS... CAE (CAE) upgraded to Buy from Hold at Desjardins... Capital One (COF) upgraded at Argus... Coca-Cola Enterprises (CCE) upgraded to Outperform from Underperform at CLSA... Community Health (CYH) upgraded to Outperform from Market Perform at Raymond James... EZchip (EZCH) upgraded to Buy from Hold at Brean Capital... Enzymotec (ENZY) upgraded to Outperform from Market Perform at Wells Fargo... Extra Space Storage (EXR) upgraded on positive catalysts at BMO Capital... Green Plains (GPRE) upgraded to Buy from Neutral at Goldman... Legg Mason (LM) upgraded to Overweight from Equal Weight at Barclays... Lincoln National (LNC) upgraded to Overweight at Morgan Stanley... Merck (MRK) upgraded on improved pipeline outlook at BMO Capital... Microsoft (MSFT) upgraded to Buy from Hold at Stifel... Monster Beverage (MNST) upgraded to Overweight from Equal Weight at Morgan Stanley... National Research (NRCIB) upgraded to Overweight from Equal-Weight at First Analysis... Qlik Technologies (QLIK) upgraded to Buy from Hold at Deutsche Bank... Spectra Energy Partners (SEP) upgraded to Overweight from Neutral at JPMorgan... Yahoo (YHOO) upgraded to Outperform from Market Perform at Bernstein.
09:37 EDTCSCOActive equity options trading on open
Active equity options trading on open: AAPL CSCO M TSLA BAC GILD BABA FB SLW GPRO SUNE NLY ABX NFLX MSFT
09:20 EDTKSS, CSCO, TSLAOn The Fly: Pre-market Movers
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08:58 EDTKSSKohl's hasn't seen significant shift in terms of discounting for 2H
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08:51 EDTKSSKohl's says sees some strength in back to school business in August
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08:46 EDTKSSKohl's still sees FY gross margin flat to up 20bps
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08:19 EDTCSCOCisco deferred product revenue positive, says SunTrust
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07:58 EDTMNSTMonster Beverage upgraded to Overweight, buy pullback, says Morgan Stanley
As previously reported, Morgan Stanley upgraded Monster Beverage to Overweight from Equal Weight. The firm said shares have pulled back 10% from recent highs on weaker than expected Q2 results and lack of an announced share buyback following the Coca-Cola deal. Morgan Stanley expects Monster to eventually pursue buybacks, potentially in Q4, and said the top line miss from lower Coca-Cola system inventory and US out of stocks, should now be resolved. The firm would use the recent weakness as a buying opportunity and maintains estimates above consensus.
07:35 EDTTSLATesla volatility flat, announces $500M stock offering
Tesla August weekly call option implied volatility is at 40, August is at 39, September is at 40; compared to its 52-week range of 29 to 62, suggesting non-directional price movement into announcing a $500M stock offering.
07:27 EDTKERXKeryx initiated with an Underweight at Morgan Stanley
Target $3.
07:19 EDTCSCOCisco reported strong results, healthy guidance, says Cantor
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07:15 EDTTSLATesla announces $500M stock offering, Musk to buy $20M in stock
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07:02 EDTTSLATesla CEO interested in buying $20M in shares as part of company offering
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07:02 EDTKSSKohl's now sees FY15 EPS at low end of $4.40-$4.60 range, consensus $4.51
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07:02 EDTKSSKohl's reports Q2 adjusted EPS $1.07, consensus $1.16
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06:58 EDTTSLATesla files to sell 2.1M shares of common stock, Musk to buy shares
Tesla filed to sell 2.1M shares of common stock. Elon Musk, Chief Executive Officer, Product Architect and Chairman of our Board of Directors, has indicated his preliminary interest in purchasing up to an aggregate of 83,974 shares of our common stock in this offering at the public offering price for an aggregate purchase price of approximately $20M. Goldman Sachs, Morgan Stanley, JPMorgan, Deutsche Bank, BofA Merrill, and Wells Fargo are acting as joint book running managers for the offering.
06:45 EDTTSLATesla to unveil charging partnership with Manhattan garages, NY Times reports
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06:11 EDTMNSTMonster Beverage upgraded to Overweight from Equal Weight at Morgan Stanley
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05:42 EDTCSCOCisco Q4 solid, shares 'relatively inexpensive,' says Piper Jaffray
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