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Stock Market & Financial Investment News

News Breaks
August 13, 2014
10:01 EDTCREE, TOUR, RGDO, MRIN, IPI, CGI, SRT, POT, KING, CEQP, CSRE, SO, MOS, JDSUOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CSR (CSRE) downgraded to Hold from Buy at Jefferies... Celadon Group (CGI) downgraded to Equal Weight from Overweight at Stephens... Cree (CREE) downgraded to Hold from Buy at Summit Research... Crestwood Equity (CEQP) downgraded to Underweight from Equal Weight at Barclays... Intrepid Potash (IPI) downgraded to Sell from Hold at BGC Financial... JDSU (JDSU) downgraded to Neutral from Buy at B. Riley... King Digital (KING) downgraded to Equal Weight from Overweight at Barclays... Marin Software (MRIN) downgraded to Neutral from Buy at Goldman... Mosaic (MOS) downgraded to Sell from Hold at BGC Financial... Potash (POT) downgraded to Sell from Hold at BGC Financial... Regado Biosciences (RGDO) downgraded to Market Perform from Outperform at Cowen... Southern Company (SO) downgraded to Underweight from Equal Weight at Morgan Stanley... StarTek (SRT) downgraded to Equal Weight from Overweight at First Analysis... Tuniu (TOUR) downgraded to Neutral from Outperform at Credit Suisse.
News For CSRE;CGI;CREE;CEQP;IPI;JDSU;KING;MRIN;MOS;POT;RGDO;SO;SRT;TOUR From The Last 14 Days
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February 27, 2015
09:59 EDTJDSUSandell says to hold entire board of JDSU accountable for spin-off structure
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07:20 EDTJDSUJDSUannounces names of new companies, departure of CFO Rex Jackson
JDSU announced yesterday the filing of a Registration Statement on Form 10 with the SEC, in connection with the spinoff of its Communications and Commercial Optical Products business, which will result in two independent, publicly traded companies. JDSU also introduced the new names of the two companies. In addition, the company announced that Rex Jackson, CFO, will depart JDSU September 30, following the expected completion of the spinoff and necessary fiscal year-end filings. Under the plan announced in September 2014, JDSU will spin off its CCOP business, to be named Lumentum Holdings. Lumentum will be a global leader in optical components and subsystems for the telecommunications market, with high growth opportunities in data communications. Alan Lowe will lead Lumentum as CEO. He joined JDSU in September 2007 as senior vice president of the Lasers business and became president of JDSU's newly formed CCOP business segment in 2008. Aaron Tachibana will be Lumentum's CFO. JDSU's Network Enablement, Service Enablement and Optical Security and Performance Products businesses will be renamed Viavi Solutions Inc. at the time of the separation. The Viavi brand is based on the company's ability to deliver the visibility and actionable insight needed to profitably manage the complex transition to next generation networks and services. Tom Waechter, JDSU's current president and CEO, will continue to lead Viavi. Rex Jackson has decided to leave JDSU on September 30, following the expected completion of the separation and the filing of Viavi's Annual Report on Form 10-K. JDSU expects to initiate a search for Jackson's replacement in due course. Current JDSU stockholders will own shares in both corporations following the separation. The spinoff is subject to the satisfaction or waiver of a number of conditions, including the Registration Statement on Form 10 for Lumentum common stock being declared effective by the SEC and certain other conditions described in the information statement included in the Registration Statement and in the agreements to be filed as exhibits to the Registration Statement and other customary matters. JDSU expects all the conditions to the spinoff to be satisfied on or before the distribution date. Approval by JDSU's stockholders is not required for completion of the separation.
February 26, 2015
14:37 EDTSOSouthern Company management to meet with SunTrust
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February 25, 2015
07:23 EDTIPIBofA/Merrill to hold a conference
Global Agriculture Conference 2015 is being held in Ft Lauderdale, FL on February 25-26.
06:01 EDTCREEGlobal LED lighting demand in 2015 valued at $30B, DigiTimes Research reports
The global LED lighting market value in 2015 is estimated to increase 24.8% to $29.91B, reports DigiTimes Research. There will be approximately 1.81B LED light bulbs shipped globally in 2015 and global LED light tube shipments will reach 520M units. Reference Link
February 24, 2015
07:41 EDTCEQPCrestwood Equity sees FY15 adjusted EBITDA $540M-$575M
Adjusted EBITDA, including CMLP (CMLP), is estimated to be in the range of $540M-$575M. Adjusted EBITDA from operating assets owned directly by Crestwood Equity (CEQP) is estimated to be in the range of $60M-$65M in 2015; Adjusted distributable cash flow is estimated to be in the range of $80M-$85M; and Consistent with CMLP’s announced cost reduction initiative, Crestwood Equity also anticipates significant cost reductions including workforce reductions in the first half of 2015, which will position Crestwood to better withstand any sustained downturn in commodity prices.
07:40 EDTCEQPCrestwood Equity reports Q4 EPS 21c, consensus 10c
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February 23, 2015
17:18 EDTMRINMarin Software files to sell 1.56M shares of common stock for holders
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07:40 EDTMOS, POTBMO Capital to hold a conference
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06:13 EDTSOSouthern Company implied volatility of 18 at upper end of index mean range
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February 20, 2015
12:53 EDTCGICitigroup sees truck carrier stocks poised to outperform
With the U.S. economy growing quickly, the stocks of truck carriers are likely to outperform the S&P 500, Citigroup believes. WHAT'S NEW: Truck transportation prices and truck carrier stocks "respond most directly to economic growth," Citigroup analyst Christian Wetherbee wrote in a note to investors today. After carriers' truckload rates rose 4% last year, the rates should rise by a similar amount this year, Wetherbee predicted. Economic growth, along with the difficulties the carriers are experiencing with recruiting drivers, should be supportive of additional rate increases, the analyst stated. Wetherbee warned that the stocks of truck builders usually underperform during periods such as the current one, when a large amounts of U.S. class 8 trucks are being built. Consequently, truck carrier stocks present investors with an opportunity, while investors should be cautious on truck builders and parts suppliers, he wrote. Among truck carriers, Swift (SWFT) is particularly attractive, since it has underperformed its peers over the last year, Wetherbee stated. Additionally, the company's results appear likely to at least meet consensus estimates, the analyst predicted. He also kept a Buy rating on another truck carrier, Knight Transportation (KNX) and maintained a Buy rating on Cummins (CMI), which builds truck engines. The analyst kept a Hold rating on truck builder PACCAR (PCAR). OTHERS TO WATCH: Navistar (NAV) builds trucks and Celadon (CGI) is another truck carrier. PRICE ACTION: In early afternoon trading, Swift rose 1%, Knight Transportation gained 1.3%, Cummins added 0.7%, and PACCAR lost 0.5%.
10:30 EDTKINGOptions with decreasing implied volatility
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09:05 EDTSOSouthern Company subsidiary acquires two Georgia solar projects
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09:04 EDTSOSouthern Company subsidiary acquires two Georgia solar projects
Southern Company subsidiary Southern Power announced the acquisition of two photovoltaic solar projects totaling 99 megawatts in Georgia – the 80-MW Decatur Parkway Solar Project and the 19-MW Decatur County Solar Project – from Tradewind Energy. The projects were proposed by Tradewind Energy and selected by Southern Company subsidiary Georgia Power in a competitive process through the nationally recognized Georgia Power Advanced Solar Initiative. The electricity and associated renewable energy credits generated by the 80-MW facility will be sold under a 25-year power purchase agreement with Georgia Power. Construction of the 80-MW facility is currently scheduled to begin this month. Georgia Power will purchase the energy generated from the 19-MW project under a 20-year PPA. Southern Power will retain the associated RECs, which it may sell to third parties. Construction of the 19-MW facility is currently scheduled to begin in June. Both projects, which are expected to enter commercial operation in late 2015, will be constructed on separate sites totaling approximately 950 acres in south Georgia's Decatur County using single-axis tracking technology – optimizing efficiency by directing solar panels to track the sun.
February 19, 2015
16:45 EDTSRTStarTek reports Q4 EPS (10c), one estimate 2c
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10:44 EDTKINGOptions with decreasing implied volatility
Options with decreasing implied volatility: VDSI KING ZU AVP GRPN SKX TRIP YPF UPL CYBR
February 18, 2015
18:55 EDTIPIOn The Fly: After Hours Movers
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16:08 EDTIPIIntrepid Potash sees 2015 potash sales 830K-870K tons
The company said, "Potash sales volume this year is expected to approximate production volume as Intrepid entered 2015 with low inventory levels after the record sales volumes in 2014. The 2015 production and cost outlooks are similar to 2014 levels as a result of reduced solar production from the Wendover facility due to abnormally high precipitation during 2014 that supported below average evaporation rates. Per ton cash operating costs and cost of goods sold for potash are expected to improve in the second half of 2015. This trend incorporates the positive production mix shift to more low cost solar solution tons in the second half of this year including the continued ramp-up of the HB mine. The HB mine remains on track to achieve full production levels in 2016."
16:07 EDTIPIIntrepid Potash reports Q4 EPS 8c, consensus 2c
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10:32 EDTKINGOptions with decreasing implied volatility
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