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Stock Market & Financial Investment News

News Breaks
August 13, 2014
10:01 EDTCSRE, SRT, SO, RGDO, POT, MOS, MRIN, KING, JDSU, IPI, CEQP, CREE, CGI, TOUROn 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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October 16, 2014
13:39 EDTCREECree October weekly volatility elevated into Q1 and outlook
Cree October weekly call option implied volatility is at 77, November is at 56, December is at 45, January is at 47, March is at 45, compared to its 26-week average of 40 according to Track Data, suggesting larger movement into the expected release of Q1 results after the market close on October 21.
06:24 EDTCREELED lighting demand expected to be weak in Q4, DigiTimes reports
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October 15, 2014
10:13 EDTSOSouthern Company announces Plant Vogtle Unit 2 has resumed generation
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06:26 EDTCREESeptember 7W LED bulb prices grow sequentially in China, DigiTimes reports
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05:58 EDTCSRECSR calls Qualcomm takeover offer 'very attractive outcome'
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05:35 EDTCSREQualcomm to acquire CSR for GBP 9.00 per share
Qualcomm (QCOM) announced that it has reached agreement with CSR plc (CSRE) regarding the terms of a recommended cash acquisition through which the entire issued and to be issued ordinary share capital of CSR will be acquired by Qualcomm Global Trading Pte. Ltd, an indirect wholly owned subsidiary of Qualcomm Incorporated. The acquisition complements Qualcomm's current offerings by adding products, channels, and customers in the important growth categories of Internet of Everything, or IoE, and automotive infotainment, accelerating Qualcomm's presence and path to leadership. This opportunity is aligned with Qualcomm's established strategic priorities in these rapidly growing business areas. At GBP 9.00 per share, the acquisition of the entire issued and to be issued ordinary share capital of CSR is valued at approximately $2.5B. This cash offer has been unanimously recommended by the CSR board. The acquisition is subject to a number of conditions as set forth in the announcement released today in accordance with Rule 2.7 of the UK Takeover Code, including the receipt of U.S. and other regulatory approvals and the approval of CSR's shareholders. Subject to the satisfaction of the conditions, the transaction is expected to close by the end of the summer of 2015. Qualcomm expects the acquisition to be accretive to Non-GAAP EPS in FY16, the first full year of combined operations.
October 14, 2014
09:54 EDTKINGKing Digital falls, levels to watch
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06:25 EDTCREEReplacement of conventional lighting with LEDs picks up pace, DigiTimes says
The replacement of conventional lighting with LED has picked up pace in the United States and Europe as power utilities offer subsidies for LED lighting products and the EU lowers the RoHS Directive maximum mercury content, reports DigiTimes. According to industry sources in Taiwan, the average retail price for an Energy Star-certified LED light bulb in place of a 40W incandescent bulb in the US market is $3.99 and that for a 60W-equivalent LED light bulb stands at $5-$6. Reference Link
October 13, 2014
17:15 EDTCEQPCrestwood Midstream says Q3 average natural gas gathering volumes up 5%
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October 10, 2014
12:05 EDTPOT, IPI, MOSUSDA raises U.S. corn production estimate to 14.475B
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07:31 EDTRGDORegado Biosciences appoints Michael Metzger CEO
Regado Biosciences announced the appointment of Michael Metzger, President of Regado, to the additional post of CEO and as a member of the board effective immediately. Metzger previously served as president and chief operating officer of Regado. He replaces David Mazzo, who has resigned from the company.
October 9, 2014
10:06 EDTCREECree calls active on renewed takeover chatter
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09:42 EDTCREERumor: Cree moves up on renewed takeover chatter
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07:59 EDTCEQPCrestwood Equity Crestwood Midstream weakness overdone, says Wells Fargo
After Crestwood Equity Partners LP(CEQP) and Crestwood Midstream Partners LP(CMLP) underperformed their broader group over the past month, Wells Fargo thinks the underperformance was driven by Quicksilver Resource's (KWK) financial struggles, concerns regarding gas storage fundamentals as it impacts Tres Palacios, and a decline in crude prices driving reduced activity in the Bakken. The firm believes that these concerns are legitimate, but it does not view them as new and calls the weakness in the stocks overdone. It keeps a Market Perform rating on Crestwood Equity Partners and an Outperform rating on Crestwood Midstream Partners.
06:34 EDTCREEGlobal LED lighting demand to grow 180%-190% by 2018, DigiTimes Research says
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October 8, 2014
11:20 EDTCREELighting Science Grp names Nesbit COO
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10:48 EDTKINGGlu drops despite Benchmark optimism about Kardashian game
Research firm Benchmark Co. upgraded digital video game maker Glu Mobile (GLUU) to Buy from Hold, based on optimism about the company's upcoming third quarter earnings report. WHAT'S NEW: Glu may report higher than expected third quarter sales and earnings before interest taxes depreciation and amortization on October 29, Benchmark analyst Mike Hickey wrote in a note to investors today. The company may also raise its fourth quarter guidance, Hickey believes. Glu's results are being lifted by the success of the company's "Kim Kardashian: Hollywood" game, the analyst believes. He has a $5.90 price target on the name. WHAT'S NOTABLE: Taking the opposite view on Glu Mobile in an article yesterday was a short-selling blog, TheStreetSweeper. The blog said it "wouldn't be surprised" if the company cut its Q4 guidance, as Kim Kardashian and other Glu games "are fading fast." Company insiders are "selling huge chinks" of the company's shares, added the blog. Northland Capital analyst Darren Aftahi yesterday countered by accusing TheStreetSweeper of "acting as a megaphone" for shorts in the name, trying to drive down the stock in a weak market, and producing an article that is "full of conjecture." The analyst said he thinks the company could beat Q3 revenue expectations by a large amount, potentially producing a "massive short squeeze." OTHERS TO WATCH: Other digital video game makers include Zynga (ZNGA) and King Digital (KING). PRICE ACTION: In early trading, Glu dropped 4% to $4.56.
10:06 EDTCGIStephens transportation analysts hold an analyst/industry conference call
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October 7, 2014
09:05 EDTCREECree achieves production milestone with U.S. DoD
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06:17 EDTCREENavigant: Market for LEDs in residential apps set to explode, DigiTimes says
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