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Stock Market & Financial Investment News

News Breaks
October 15, 2013
10:00 EDTSHCAY, TDW, HFC, EGN, MSFT, CSRE, VLO, TXI, ESI, MPC, TXN, CCOIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CSR (CSRE) upgraded to Neutral from Sell at UBS... Cogent (CCOI) upgraded to Buy from Neutral at Citigroup... ITT Educational (ESI) upgraded to Outperform from Market Perform at Wells Fargo... Microsoft (MSFT) upgraded to Buy from Hold at Jefferies... Texas Instruments (TXN) upgraded to Neutral from Negative at Susquehanna... Texas Industries (TXI) upgraded to Neutral from Negative at Susquehanna... Energen (EGN) upgraded to Overweight from Equal Weight at Barclays... Marathon Petroleum (MPC) upgraded to Focus List from Sector Perform at Howard Weil... Valero Energy (VLO) upgraded to Outperform from Sector Perform at Howard Weil... HollyFrontier (HFC) upgraded to Outperform from Sector Perform at Howard Weil... Tidewater (TDW) upgraded to Buy from Hold at Argus... Sharp (SHCAY) upgraded to Hold from Underperform at Jefferies.
News For CSRE;CCOI;ESI;MSFT;TXN;TXI;EGN;MPC;VLO;HFC;TDW;SHCAY From The Last 14 Days
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February 26, 2015
06:13 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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February 25, 2015
13:47 EDTHFCHollyFrontier reports Q4 EPS ($1.13), may not compare to consensus 22c
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10:34 EDTMSFTHP slide after currency driven guidance cut called buying opportunity
The shares of Hewlett-Packard (HPQ) are falling after the company reported lower than expected first quarter revenue and sharply lowered its free cash flow guidance and cut its fiscal year profit view. However, analysts at Citigroup, Bernstein, and Brean Capital all recommended buying the stock on weakness in separate notes to investors today. BACKGROUND: HP reported slightly higher than expected Q1 profits, but its revenue came in below expectations. The company sharply lowered its fiscal 2015 free cash flow guidance to $3.5B-$4B from its previous outlook of $6.5B-$7B. The tech giant also lowered its fiscal 2015 EPS guidance to $3.53-$3.73 from its previous outlook of $3.83-$4.30. "While we were able to manage the impact of currency in the quarter and deliver earnings as expected, we believe the impact on FY15 will be significantly greater than we anticipated in November. We'll work hard to offset these impacts through re-pricing and productivity, but fully mitigating currency movements of this size would require reducing investments and mortgaging our future. We won't do that," said HP CEO Meg Whitman. ANALYST REACTION: The decline in HP's EPS guidance was entirely due to foreign currency fluctuations, while most of the cut in its free cash flow guidance was caused by one-time costs related to the upcoming split of HP into two separate companies, Citi analyst Jim Suva stated. Most of the company's businesses "continue to perform well or at least make progress," wrote Suva. The decline in the stock has created an attractive entry point for investors who are looking to own the shares in order to benefit from the break-up, according to the analyst. He kept a Buy rating on the shares. Bernstein analyst A.M. Sacconaghi was less upbeat on HP's outlook, but also recommended buying the shares on today's weakness. Although revenue estimates for HP may be too high, the stock's valuation remains attractive, as it is the second least expensive tech stock in the S&P 500, according to Sacconaghi, who believes the shares are worth $45-$50. Cautioning that HP's stock is likely "to be in the penalty box" in the near-term, Sacconaghi nonetheless believes that the shares could get a significant boost when the company provides more information about its spin-off. He recommended that investors buy the stock on today's weakness and kept an Outperform rating on the shares. HP's fundamentals haven't changed, as the company continues to expect its revenue to remain flat in fiscal 2015, and it has not changed its capital return guidance, Brean Capital analyst Ananda Baruah stated. The company also continues to expect free cash flow of at least $5B-$6B in 2016 and beyond, Baruah added. Moreover, HP's share repurchases are unlikely to be significantly reduced as a result of the decline in its free cash flow guidance, the analyst predicted. Baruah recommended buying the stock on today's weakness and kept a $45 price target and Buy rating on the shares. PRICE ACTION: In early trading, HP fell 9.5% to $34.84. OTHERS TO WATCH: Other large cap PC levered names are also weak in morning trading after HP's report last night, with Microsoft (MSFT) down 0.25% and Intel (INTC) down 1.2%.
09:48 EDTMSFTIDC reports 96.3% smartphone marketshare for iPhone, Android
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07:10 EDTCCOICogent increases dividend 3.2% to 32c
Cogent's board approved a dividend of 32c per common share payable on March 26 to shareholders of record on March 11. The Q1 regular dividend of 32c per share represents an increase of 3.2% from the 4Q14 regular dividend of 31c per share.
07:09 EDTCCOICogent reports Q4 EPS (1c), consensus 4c
Reports Q4 revenue $96.75M, consensus $97.70M.
05:54 EDTMSFTStocks with implied volatility below IV index mean; FOSL QCOM
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February 24, 2015
09:38 EDTHFCHollyFrontier downgraded to Sell from Trim at Tudor Pickering
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February 19, 2015
09:59 EDTVLOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Altisource Residential (RESI) upgraded to Neutral from Sell at Compass Point... Angie's List (ANGI) upgraded to Overweight from Equal-Weight at First Analysis... Barrick Gold (ABX) upgraded to Buy from Hold at TD Securities... British Land (BTLCY) upgraded to Buy from Hold at Societe Generale... Coach (COH) upgraded to Buy from Hold at Topeka... Fiat Chrysler (FCAU) upgraded to Outperform from Neutral at Exane BNP Paribas... Garmin (GRMN) upgraded at BofA/Merrill... Hologic (HOLX) upgraded to Buy from Hold at Canaccord... Iberdrola (IBDRY) upgraded to Neutral from Underweight at HSBC... KPN (KKPNY) upgraded to Neutral from Underperform at Exane BNP Paribas... Monster Worldwide (MWW) upgraded at Evercore ISI... Pharmacyclics (PCYC) upgraded to Buy from Neutral at Nomura... RPC, Inc. (RES) upgraded to Equal Weight from Underweight at Morgan Stanley... Sanofi (SNY) upgraded to Buy from Neutral at BofA/Merrill... Sasol (SSL) upgraded to Neutral from Underweight at HSBC... Tractor Supply (TSCO) upgraded at Oppenheimer... Valero (VLO) upgraded to Buy from Hold at Deutsche Bank... Weingarten Realty (WRI) upgraded to Neutral from Sell at UBS... Werner (WERN) upgraded on improving freight fundamentals at RBC Capital... diaDexus (DDXS) upgraded to Buy from Neutral at Ladenburg,
06:30 EDTVLOValero upgraded to Buy from Hold at Deutsche Bank
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February 18, 2015
16:27 EDTMSFTiPass announces Wi-Fi agreement with Microsoft
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10:18 EDTMSFTInterDigital drops after reportedly lossing appeal in patent case
Shares of InterDigital (IDCC) are moving lower after Bloomberg reported the company lost its bid to revive patent-infringement claims against Microsoft (MSFT) and ZTE Corp. over mobile phone technologies. Shares of InterDigital are down 83c to $50.06.
10:05 EDTVLOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Agnico Eagle (AEM) upgraded to Overweight from Neutral at JPMorgan... Amarin (AMRN) upgraded to Buy from Neutral at SunTrust... Capital Product (CPLP) upgraded to Accumulate from Neutral at Global Hunter... Carlyle Group (CG) upgraded to Buy from Neutral at Citigroup... Danone (DANOY) upgraded to Neutral from Underperform at Exane BNP Paribas... Express (EXPR) upgraded on lower promotional activity at Piper Jaffray... Kforce (KFRC) upgraded to Outperform from Market Perform at Avondale... Legg Mason (LM) upgraded to Buy from Hold at Jefferies... Rackspace (RAX) upgraded following Q4 results at Pacific Crest... Rosetta Resources (ROSE) upgraded to Buy from Neutral at Global Hunter... SeaChange (SEAC) upgraded to Buy from Hold at Noble Financial... Valero (VLO) upgraded to Outperform from Neutral at Credit Suisse... Veeco (VECO) upgraded to Buy from Hold at Noble Financial... Wolverine World Wide (WWW) upgraded to Neutral from Underperform at Sterne Agee.
06:12 EDTVLOValero upgraded to Outperform from Neutral at Credit Suisse
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05:57 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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February 17, 2015
17:13 EDTVLOPoint72 gives quarterly update on stakes
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09:09 EDTMSFTBox announces Microsoft Office cloud integration
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09:06 EDTMSFTCitrix joins Microsoft Cloud Storage Partner Program
Citrix (CTXS) announced it is an inaugural member of the new Microsoft (MSFT) Cloud Storage Partner Program.
07:47 EDTEGNEnergen price target raised to $83 from $65 at Wunderlich
Wunderlich raised its price target for Energen shares to $83 saying the company is well positioned for growth in 2015 and has a strong balance sheet. It keeps a Buy rating on the name.
05:51 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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