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Stock Market & Financial Investment News

News Breaks
January 22, 2014
10:04 EDTSWN, JNPR, PNFP, LNCO, UN, RDC, LINE, WTI, SIMO, QLIK, KBR, CVS, WAG, SNI, PRXL, DOW, UL, RHT, NUVA, CERNOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CVS Caremark (CVS) upgraded to Strong Buy from Buy at ISI Group... Cerner (CERN) upgraded to Strong Buy from Neutral at ISI Group... Dow Chemical (DOW) upgraded to Neutral from Reduce at SunTrust... KBR (KBR) upgraded to Overweight from Equal Weight at Barclays... NuVasive (NUVA) upgraded to Outperform from Market Perform at Leerink... PAREXEL (PRXL) upgraded to Strong Buy from Buy at ISI Group... Qlik Technologies (QLIK) upgraded to Hold from Sell at Drexel Hamilton... Red Hat (RHT) upgraded to Outperform from Perform at Oppenheimer.. Scripps Networks (SNI) upgraded to Neutral from Sell at Citigroup... Silicon Motion (SIMO) upgraded to Buy from Hold at Needham... Unilever (UL) upgraded to Sector Perform from Underperform at RBC Capital... Walgreens (WAG) upgraded to Neutral from Cautious at ISI Group... W&T Offshore (WTI) upgraded to Equalweight from Underweight at Capital One... LINN Energy (LINE) upgraded to Focus List from Outperform at Howard Weil... LinnCo (LNCO) upgraded to Focus List from Outperform at Howard Weil... Juniper (JNPR) upgraded to Market Perform from Underperform at FBR Capital... Rowan Companies (RDC) upgraded to Accumulate from Hold at Tudor Pickering... Pinnacle Financial (PNFP) upgraded to Buy from Neutral at Sterne Agee... Southwestern Energy (SWN) upgraded to Buy from Neutral at Sterne Agee... Unilever (UN) upgraded at RBC Capital.
News For CVS;CERN;DOW;KBR;NUVA;PRXL;QLIK;RHT;SNI;SIMO;UL;WAG;WTI;LINE;LNCO;JNPR;RDC;PNFP;SWN;UN From The Last 14 Days
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February 18, 2015
15:35 EDTLINE, LNCONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.54... Priceline (PCLN), consensus $10.10... DIRECTV (DTV), consensus $1.40... Noble Energy (NBL), consensus 35c... Host Hotels & Resorts (HST), consensus 39c... Hormel Foods (HRL), consensus 64c... Discovery Communications (DISCA), consensus 41c... SCANA (SCG), consensus 73c... Quanta Services (PWR), consensus 51c... Patterson (PDCO), consensus 59c... Denbury Resources (DNR), consensus 23c... T-Mobile (TMUS), consensus 5c... Linn Energy (LINE), consensus 6c... Linn Co (LNCO), consensus 39c... Bloomin' Brands (BLMN), consensus 27c... Huntington Ingalls (HII), consensus $1.98.
11:50 EDTSIMOSilicon Motion management to meet with Needham
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11:39 EDTPNFPPinnacle Financial acquires 30% interest In Bankers Healthcare Group
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10:05 EDTRDCOn The Fly: Analyst Initiation Summary
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06:50 EDTRDCRowan Companies initiated with a Market Perform at BMO Capital
Target $25.
February 17, 2015
17:13 EDTSWNPoint72 gives quarterly update on stakes
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17:02 EDTDOWSoros Fund Management gives quarterly update on stakes
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10:01 EDTCVSCVS says PCSK9 inhibitors could cost system $150B annually
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February 16, 2015
15:17 EDTRDCTransocean slashes dividend to 60c from $3.00, says CEO leaving
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February 13, 2015
10:00 EDTSNIOn The Fly: Analyst Downgrade Summary
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08:54 EDTSNIScripps Networks estimates lowered on softer domestic ad view at Pacific Crest
Pacific Crest lowered its estimates for Scripps Networks citing a softer domestic advertising outlook, but said it sees a slightly positive risk/reward for shares based on the relative stability of its target affluent female demographic. The firm, which estimates a fair value on shares of $78, said a lower price could prompt a more positive view of the stock, on which it kept a Sector Perform rating.
08:04 EDTQLIKQlik Technologies acquires Vizubi, NPrinting product line
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05:53 EDTSNIScripps Networks downgraded to Neutral from Buy at MKM Partners
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February 12, 2015
16:13 EDTQLIKQlik Technologies sees 2015 EPS 32c-35c, consensus 34c
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16:12 EDTQLIKQlik Technologies sees Q1 EPS (15c)-(13c), consensus (10c)
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16:12 EDTQLIKQlik Technologies reports Q4 EPS 32c, consensus 28c
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12:28 EDTJNPRBridgewater Associates cut Apple stake in half last quarter
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11:49 EDTJNPRCisco hits 52-week high after Q2 results beat expectations, dividend raised 11%
Shares of networking products company Cisco Systems (CSCO) are rallying after the company's second quarter results surpassed analysts' consensus estimates. WHAT'S NEW: Last night, Cisco reported Q2 adjusted earnings per share of 53c and revenue of $11.94B, topping analysts’ consensus estimates of 51c and $11.8B, respectively. Cash flows from operations were $2.9B in Q2 versus $2.5B in the prior quarter. The company repurchased about 44M shares of stock in the quarter at an average price of $27.63 per share. John Chambers, Cisco's chairman and Chief Executive Officer, said the company grew revenues 7% and delivered strong EPS growth despite a volatile economic environment. WHAT’S NOTABLE: Looking ahead to the third quarter, Cisco forecast EPS of 51c-53c and revenue growth of 3%-5%, compared to analysts' consensus estimates of of 52c and $12.01B, respectively. On the earnings conference call, Chambers said it is "too early to call a turn" in emerging markets. In addition to the better than expected quarterly earnings, Cisco raised its quarterly dividend 11% to 21c from 19c per share. Chief Financial Officer Kelly Kramer said the company is committed to returning at least 50% of its free cash flow annually. ANALYST REACTION: Research firm Piper Jaffray said this morning that it sees little downside risk in Cisco shares and believes Cisco is benefiting from a switching upgrade cycle that should sustain throughout 2015. The firm kept an Overweight rating on the stock with a $33 price target. Conversely, Citigroup said that despite the improving demand seen in Q2, Cisco shares remain fully priced at current levels. Citi continues to view Cisco as a "very low" single-digit grower with no upside to operating margin and tough comps ahead. The firm raised its price target for shares to $25 from $22, but kept a Sell rating on the name. PRICE ACTION: In late morning trading, Cisco rose $2.32 or 8.61% to $29.25 on nearly twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $29.58. Including today's advance, the shares have gained approximately 27% over the past 12 months. OTHERS TO WATCH: Cisco’s main competitor in the networking space, Juniper Networks (JNPR), is up 1.5%.
07:04 EDTSNIScripps Networks sees FY15 revenue up about 4%, consensus $2.84B
Cost of services is expected to increase between 8%-10%. Selling, general and administrative expenses are expected to be down 2%t to flat. Also sees: Interest expense of approximately $55M. Effective tax rate, between 30%-32%. Noncontrolling share of net income, between $175M-$185M. Capital expenditures, between $50M-$60M.
07:03 EDTSNIScripps Networks reports Q4 EPS 96c including items, consensus 97c
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