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Stock Market & Financial Investment News

News Breaks
April 15, 2014
10:00 EDTYHOO, NXST, P, PIR, QLIK, QSII, LUV, TIF, VECO, V, MS, MDAS, MA, KEG, IM, EL, CTRX, CERN, CHS, C, ENOC, EQIX, CSLOn The Fly: Analyst Upgrade Summary
Carlisle (CSL) upgraded to Outperform from Market Perform at FBR Capital... Catamaran (CTRX) upgraded to Outperform from Perform at Oppenheimer... Cerner (CERN) reinstated with an Outperform at Raymond James... Chico's FAS (CHS) upgraded to Outperform from Market Perform at FBR Capital... Citigroup (C) upgraded to Outperform from Market Perform at Bernstein... EnerNOC (ENOC) upgraded to Overweight from Neutral at JPMorgan... Equinix (EQIX) upgraded at Oppenheimer... Estee Lauder (EL) upgraded to Conviction Buy from Buy at Goldman... Ingram Micro (IM) upgraded to Buy from Neutral at Citigroup... Key Energy (KEG) upgraded to Hold from Sell at Wunderlich... MasterCard (MA) upgraded to Buy from Neutral at Janney Capital... MedAssets (MDAS) reinstated with an Outperform at Raymond James... Morgan Stanley (MS) upgraded to Buy from Neutral at BofA/Merrill... Nexstar (NXST) upgraded to Outperform from Neutral at Wedbush... Pandora (P) upgraded to Buy from Hold at Maxim... Pier 1 Imports (PIR) upgraded to Overweight from Equalweight at Barclays... Qlik Technologies (QLIK) upgraded to Buy from Neutral at Mizuho... Quality Systems (QSII) reinstated with a Market Perform at Raymond James... Southwest (LUV) upgraded to Buy from Hold at Argus... Tiffany (TIF) upgraded to Overweight from Equal Weight at Stephens... Veeco (VECO) upgraded to Buy from Hold at Berenberg... Visa (V) upgraded to Buy from Neutral at Janney Capital... Yahoo (YHOO) upgraded to Outperform from Neutral at Macquarie.
News For CSL;CTRX;CERN;CHS;C;ENOC;EQIX;EL;IM;KEG;MA;MDAS;MS;NXST;P;PIR;QLIK;QSII;LUV;TIF;VECO;V;YHOO From The Last 14 Days
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October 14, 2014
07:13 EDTCCitigroup chairman suggests wrapping FDIC, OCC into single regulator, WSJ says
Citigroup Chairman Michael O'Neill is calling for a more rational regulatory landscape, the Wall Street Journal reports. He suggests wrapping the FDIC and the Office of the Comptroller of the Currency into a single banking regulator. Reference Link
07:04 EDTENOCEnerNOC downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded EnerNOC to Neutral citing risk to the company's Demand Response revenue at PJM given the challenge to FERC Rule 745. The firm lowered its price target for shares to $22 from $24.50. JPMorgan notes, however, that it would view EnerNOC shares as "significantly" undervalued should the FERC Rule 745 be upheld or replaced by a capacity market overseen by the regional states.
05:41 EDTENOCEnerNOC downgraded to Neutral from Overweight at JPMorgan
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October 13, 2014
16:02 EDTCOptions Update; October 13, 2014
iPath S&P 500 VIX Short-Term Futures up 3.71 to 39.56. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX SUNE GILD BAC PBR according to Track Data.
15:24 EDTCNotable companies reporting before tomorrow's open
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14:33 EDTCEarnings Preview: Citigroup to report with shares up 11% over last six months
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13:48 EDTCCitigroup October volatility increases into Q3 and revenue outlook
Citigroup October call option implied volatility is at 39, November is at 25, December is at 25, January is at 24; compared to its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 14.
13:10 EDTYHOOGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
12:13 EDTYHOOYahoo upgraded as BGC sees higher chances for tax efficient monetization
Research firm BGC Partners upgraded its rating on Yahoo (YHOO) to Buy from Hold, saying that the chances of the company monetizing its assets in a more tax efficient manner have increased now that Alibaba (BABA) has come public. Among the possible scenarios, Yahoo may be acquired by Alibaba, the firm added. WHAT'S NEW: Yahoo's chances of paying a relatively low tax rate on the sale of its stakes in Alibaba and Yahoo Japan, a Japanese Internet company, have risen, BGC Financial analyst Colin Gillis stated. Yahoo could owe up to $15B of taxes on its sale of the assets, the analyst estimated. If Yahoo pays full tax liability, its stakes would be worth $43.5B. If it pays no taxes, the assets would be worth $58.5B, he estimated. Gillis set his price target on Yahoo at $50, representing the midpoint of the two scenarios, he stated. Among various scenarios that could play out, Alibaba could choose to buy Yahoo and subsequently unload Yahoo's core business and the American company's stake in Yahoo Japan, the analyst said. Yahoo shareholders could receive cash and shares of Alibaba as part of such a deal, Gillis stated. If Yahoo is not acquired by Alibaba, the American company should combine with AOL (AOL), as recently proposed by activist investor Starboard Value, Gillis contended. Merging with AOL could accelerate Yahoo's revenue growth by over 50% and increase its EBITDA by over 35%, Gillis estimated. PRICE ACTION: In early afternoon trading, Yahoo fell 1% to $39.18.
10:08 EDTYHOOOn The Fly: Analyst Upgrade Summary
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09:28 EDTYHOOYahoo upgraded to Buy from Hold at BGC Financial
BGC Financial analyst Colin Gillis upgraded his rating on Yahoo (YHOO) shares to Buy saying the company's remaining assets should get monetized in a more tax efficient manner now that Alibaba (BABA) is public. Gillis also points out that Alibaba could see benefits from acquiring Yahoo. He raised his price target for Yahoo shares to $50 from $37.
09:23 EDTEQIXHP could buy lower valuation company, says Bernstein
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07:39 EDTCTRXPharmaceutical Care Management Association to hold annual meeting
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07:22 EDTPSony/ATV could ditch licensing firms due to streaming dollars, NY Post reports
Sony/ATV Music Publishing (SNE) is considering no longer dealing with performance rights groups BMI and ASCP, and instead negotiating directly with online music services like Pandora (P), YouTube (GOOG) and Spotify due to outdated rules and low royalties, the New York Post reports. Reference Link
07:19 EDTV, MA, CAmEx, Capital One profits seen boosted by credit card 'sweet spot,' WSJ says
Credit card players such as American Express (AXP) and Capital One (COF), as well as banks with significant card units like JPMorgan (JPM), stand to benefit from the U.S. card industry's "sweet spot" of moderate economic growth, low interest rates and consumers who are better managing payments while growing their spending, said The Wall Street Journal, which noted that consulting firm R.K. Hammer estimates U.S. card issuers' revenue will grow 9% this year to $158.6B. Other U.S. banks with credit card units include Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) and other card companies include Visa (V) and MasterCard (MA). Reference Link
06:44 EDTMS, CRegulators seeking banks' auto loan data, Reuters reports
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06:37 EDTMSBlackRock, Morgan Stanley to buy shares in Link Net, WSJ reports
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06:25 EDTMSMorgan Stanley may not close Rosneft deal, WSJ reports
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00:04 EDTCBanking regulators want more disclosure on auto loans, Reuters says
Banking regulators are requesting that banks provide more details on their auto loan portfolios, says Reuters. Balances remaining on auto loans are rising and about a fifth of the loans are subprime, added Reuters. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Capital One (COF), JPMorgan (JPM), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
October 12, 2014
13:03 EDTC, MSBanks agree on derivatives procedures for future crisis scenario, WSJ says
Meeting at the Federal Reserve in Washington, top banking executives from 18 large U.S., European and Japanese banks agreed in principle to wait up to 48 hours before seeking to terminate derivatives contracts and collect associated payments from a troubled financial institution, says the Wall Street Journal. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
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