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Stock Market & Financial Investment News

News Breaks
November 15, 2012
11:31 EDTLPL, IAG, COG, CVC, WLT, TEA, PAYXOn The Fly: Analysts Downgrade Summary
Today's noteworthy downgrades include: Cablevision (CVC) downgraded to Sell from Neutral at Goldman...Paychex (PAYX) downgraded to Neutral from Outperform at Credit Suisse...Walter Energy (WLT) downgraded to Underperform from Neutral at BofA/Merrill...Cabot Oil & Gas (COG) downgraded to Hold from Buy at Societe Generale...Teavana (TEA) downgraded to Hold from Buy at KeyBanc and to Market Perform from Outperform at William Blair...IAMGOLD (IAG) downgraded to Underperform from Neutral at Credit Suisse and to Sector Performer from Sector Outperformer at CIBC...LG Display (LPL) downgraded to Neutral from Positive at Avian.
News For CVC;PAYX;WLT;COG;TEA;IAG;LPL From The Last 14 Days
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June 18, 2013
16:22 EDTWLTOn The Fly: Closing Wrap
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12:54 EDTWLTOptions with increasing implied volatility: WLT LNCO MNKD LINE TWO
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12:21 EDTWLTOn The Fly: Midday Wrap
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12:00 EDTWLTWalter Energy rises 15.4%
Walter Energy is up 15.4%, or $1.80, to $13.50
09:54 EDTWLTWalter Energy rises following positive comments, levels to watch
Morgan Stanley noted its belief that the shares have almost 200% upside from prior day levels. The firm does not believe a "full-blown" refinancing will be required. At the current price of $12.56, the stock is up over 7%. At this price, next resistance is at $13.97. Support is at $12.13.
09:00 EDTWLTWalter Energy rises 4.2%
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08:52 EDTWLTOn The Fly: Pre-market Movers
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07:35 EDTWLTWalter Energy has almost 200% upside, says Morgan Stanley
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07:24 EDTIAGRBC Capital to host a conference
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05:53 EDTWLTStocks with implied volatility movement; WLT LINE
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June 17, 2013
16:00 EDTWLTOptions Update; June 17, 2013
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12:20 EDTWLTOptions with increasing implied volatility: WLT LNCO SRPT LINE
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08:09 EDTWLTWalter Energy weakness an overreaction, says Davenport
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08:04 EDTWLTWalter Energy shares should bounce, says Tudor Pickering
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07:32 EDTWLTWalter Energy won't need additional funding until 2015, says RBC Capital
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07:03 EDTWLTWalter Energy can pay debt maturities in 2014 , says Citigroup
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June 15, 2013
17:40 EDTWLTCoal industry counting on export demand as U.S demand wanes, NYT says
The U.S. coal industry is trying to revive itself with exports to Asia and Europe as environmental groups in opposition to the fall-out of coal use "say pollution caused by burning coal should not be exported," says the New York Times. The push for more export business is part of the U.S. coal industry's effort to expand exports as the U.S. has increasingly turned to natural gas as an alternative, adds NYT. Reference Link
June 14, 2013
16:34 EDTWLTOn The Fly: Closing Wrap
Stocks on Wall Street were lower after opening higher, but pulling back from its early levels following consumer confidence data that pulled back from recent six-year highs. The averages moved to their worst levels near mid-afternoon and closed off those levels, with the Dow logging the day's biggest losses. ECONOMIC EVENTS: In the U.S., the producer price index for May rose 0.5% from the prior month, versus expectations for a 0.1% month-over-month increase. Core PPI, which excludes the food and energy components, increased 0.1%, matching forecasts. The first quarter current account balance showed the deficit shrunk to $106.1B, versus consensus for the current account deficit to widen to $111.2B. May industrial production was flat, compared to expectations for it to grow 0.2%, while capacity utilization fell to 77.6% from the revised prior reading of 77.7%. The preliminary Reuters/University of Michigan consumer sentiment reading for June slipped to 82.7 from the prior 84.5 reading, where it had been forecast to hold steady. In Europe, employment in the euro zone currency bloc shrank 0.5% in the first three months of the year from the prior quarter, while the wider EU saw a 0.2% decline. EU consumer prices rose by 0.1% in May, putting the annual inflation rate at 1.4% compared to 1.2% in April, Eurostat said. COMPANY NEWS: Elan (ELN) shares gained $1.05, or 8.33%, to $13.66 after the company said it will explore a possible sale of the company "in light of the expressions of interest received to date." Royalty Pharma, which has been making a hostile takeover bid for the Irish drugmaker, was invited to participate in the process... Walter Energy (WLT) fell $2.56, or 17.43%, to $12.13 after a report by Forbes said the company withdrew a proposed $1.55B loan refinancing. The company later released a statement saying the proposed refinancing would not have raised additional capital and that the company has no material debt principal payments due until 2015. MAJOR MOVERS: Among the notable gainers was Restoration Hardware (RH), up $9.51, or 16.13%, to $68.47 after its quarterly results beat expectations and the company raised its fiscal year outlook. Also higher were shares of Charter Communications (CHTR), up $5.72, or 5.16%, to $116.61, and Time Warner Cable (TWC), up $7.78, or 8.09%, to $103.93 after CNBC's David Faber reported Liberty Media's (LMCA) CEO discussed a combination between Charter and Time Warner with Time Warner Cable's CEO. Among the noteworthy losers was Myriad Genetics (MYGN), down another $4.42, or 13.81%, or $27.59 the day after the Supreme Court ruled on gene patents. INDICES: The Dow was down 105.90, or 0.70%, to 15,070.18; the S&P was down 9.63, or 0.59%, to 1,626.73; the Nasdaq was down 21.81, or 0.63%, to 3,423.56.
15:58 EDTWLTWalter Energy says has no material debt principal payments due until 2015
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15:56 EDTWLTWalter Energy issues statement on refinancing
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