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News Breaks | | | | August 30, 2012 | | 16:24 EDT |  | FSLR, VR, DD, CIEN, FSR, ZLC, CG | On The Fly: Closing Wrap
Stocks on Wall Street were lower in another day of sluggish trading prior to the holiday weekend. Stock futures were negative in early trading, leading to a lower open for the broader market. The market generally ignored the flat economic reports, including the personal spending and income reports and the jobless claims data. The averages remained in a narrow range for the first hour of trading but then moved another leg lower, where they remained for most of the session, before another downdraft into the close. The news flow was light, as was the volume, as investors have not traded with great conviction this week ahead of Labor Day... ECONOMIC EVENTS: Domestically, 374,000 initial jobless claims were reported, versus the expected 370,000. Personal income rose 0.3% during the month of July, which matched expectations, while personal spending was up 0.4%, versus expectations for an increase of 0.5%... COMPANY NEWS: DuPont (DD) agreed to sell its Performance Coatings business to Carlyle Group (CG) for $4.9B... MAJOR MOVERS: Among the notable gainers were Flagstone Reinsurance (FSR), up $1.54, or 21.81%, to $8.60, after agreeing to be acquired by Validus (VR) in a cash and stock deal, and Zale (ZLC), up 70c, or 16.17%, to $5.03, as it was upgraded to a Buy rating at Northcoast and continued yesterday's move higher after earnings. Noteworthy losers included Ciena (CIEN), down $3.26, or 19.50%, to $13.46, following its disappointing Q3 results and Q4 guidance, and First Solar (FSLR), down $4.50, or 18.60%, to $19.70, though Avian said the sell-off in shares related to a Bloomberg story about a halt of panel deliveries at the Agua Caliente project was overdone since the information was not new... INDICES: The Dow lost 106.77, or 0.81%, to 13,000.71; the Nasdaq fell 32.48, or 1.05%, to 3,048.71; and the S&P 500 dropped 11.01, or 0.78%, to 1,399.48. | |
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News For DD;CG;FSR;VR;ZLC;CIEN;FSLR From The Last 14 Days Check below for free stories on DD;CG;FSR;VR;ZLC;CIEN;FSLR the last two weeks. |
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| June 18, 2013 | | 13:55 EDT |  | DD | DuPont outlook still positive, says Argus
 Subscribe for More Information | | | 10:32 EDT |  | VR | Validus management to meet with Deutsche Bank
Meeting to be held in New York on June 18 hosted by Deutsche Bank. | | | 09:15 EDT |  | FSLR | China to generate more heat using solar energy, China Daily says
Subscribe for More Information | | | 06:43 EDT | | DD | White House says president would veto House farm bill, Politico reports
The White House warned yesterday that President Obama would veto the farm bill that the House is considering, according to Politico. The White House objects to cuts in food stamps in the bill, and wants to cut crop insurance subsidies instead, the website stated. Reference Link | | | June 17, 2013 | | 19:54 EDT | | CG | Carlyle Group COO buys $4M in secondary, Barron's says
Subscribe for More Information | | | 12:03 EDT |  | FSLR | Stocks with call strike movement; CLF FSLR
Cliffs Natural (CLF) August 20 call volatility increased 2% to 63, First Solar (FSLR) July 52.5 call option implied volatility decreased 2% to 65 according to IVolatility. | | | June 15, 2013 | | 15:50 EDT | | FSLR | China to boost solar industry with easier financing, Bloomberg says
Subscribe for More Information | | | June 14, 2013 | | 14:38 EDT | | DD | Market poised to end week lower amid worries about Fed, Asia
Subscribe for More Information | | | 11:28 EDT | | FSLR | Stocks with call strike movement; APOL FSLR
Subscribe for More Information | | | 10:39 EDT | | CG | Firms looking to take HD Supply public at lower valuation, NY Times says
Subscribe for More Information | | | | 10:10 EDT |  | DD | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Express (AXP) downgraded to Equal Weight from Overweight at Barclays... AngloGold (AU) downgraded to Sell from Neutral at UBS... DuPont (DD) downgraded to Neutral from Buy at BofA/Merrill... Myriad Genetics (MYGN) downgraded to Neutral from Buy at BofA/Merrill... Progress Software (PRGS) downgraded to Hold from Buy at Needham... Rubicon (RBCN) downgraded to Sell from Neutral at Goldman... Southern Company (SO) downgraded to Hold from Buy at Jefferies... SunTrust (STI) downgraded to Neutral from Buy at UBS... Wells Fargo (WFC) downgraded to Neutral from Buy at Sterne Agee... FIS (FIS) downgraded to Neutral from Outperform at RW Baird... SM Energy (SM) downgraded to Hold from Buy at Societe Generale..Wells Fargo (WFC) downgraded at Sterne Agee. | | | 07:21 EDT | | DD | Clinton Global Initiative to host to host a meeting
Subscribe for More Information | | | 07:02 EDT |  | CG | Carlyle, AlpInvest to manage $155M fund for INPRS
The Carlyle Group announced that the Indiana Public Retirement System, INPRS, has selected Carlyle and AlpInvest Partners to manage an existing $155M fund, Indiana Investment Fund I, a 2006-vintage vehicle that from inception was managed by a third party. In December 2012, INPRS selected Carlyle and AlpInvest to deploy and manage a new $150M investment fund, Indiana Investment Fund II, which will invest in a diversified, high-quality portfolio of Indiana-based direct investments, co-investments and fund commitments. Carlyle and AlpInvest now manage $305M for INPRS’ Indiana Programs. | | | 06:32 EDT | | DD | DuPont downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill downgraded DuPont due to lack of near-term catalysts, valuation, recent Ag headwinds, and back-end loaded earnings. Price target is $56. | | | 06:03 EDT | | DD | Stocks with implied volatility movement; DD BKS
Stocks with implied volatility movement; DuPont (DD), Barnes & Noble (BKS) according to IVolatility. | | | June 13, 2013 | | 16:00 EDT | | FSLR | Options Update; June 13, 2013
Subscribe for More Information | | | 12:35 EDT | | DD | On The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after retail sales rose more than expected in May and first-time unemployment applications fell last week. The market, which suffered its first three day losing streak of 2013 with its lower close yesterday, is looking to avoid a fourth straight down day. ECONOMIC EVENTS: In the U.S., retail sales rose 0.6% in May, versus the expected increase of 0.4%. Initial jobless claims fell 12K to 334K in the week ended June 8, versus expectations for 346K claims. Business inventories rose 0.3% in April, matching expectations. In Asia, Japan's Nikkei stock index fell 6.25% last night as it continued its volatile trading and pullback from recent record highs... COMPANY NEWS: Shares of DuPont (DD) slid 1% after the company provided second quarter earnings per share guidance that was below analysts' expectations and said it now expects full-year earnings to be at the low end of its previous $3.85-$4.05 guidance... The Supreme Court unanimously ruled that human genes isolated from the body can't be patented, but also said that DNA molecules synthesized in a laboratory can be patent protected, sending shares of Myriad Genetics (MYGN) up 10%... Shares of cosmetics and fragrance giant Coty (COTY) slipped in their first day of trading on the New York Stock Exchange following their initial public offering. MAJOR MOVERS: Among the notable gainers were Belo (BLC) and Gannett (GCI), which both rose after the companies agreed to merge. Gannett agreed to buy Belo for $13.75 per share in cash, or approximately $1.5B, plus assume $715M in existing debt in a deal that the company sees adding to its non-GAAP earnings per share by approximately 50c within the first 12 months. Belo surged 27% after the announcement, while Gannett jumped 26%. Among the noteworthy losers was Elan (ELN), which fell nearly 3% after Royalty Pharma says one of Elan's shareholder proposals looks set to pass and that could force Royalty's takeover offer to be withdrawn next week. Also lower were shares of Williams (WMB), which dropped 1% after an explosion occurred within an olefins plant owned by the company. INDICES: Near noon, the Dow was up 50.42, or 0.34%, to 15,045.65; the Nasdaq was up 13.78, or 0.41%, to 3,414.21; and the S&P 500 was up 6.54, or 0.41%, to 1,619.06. | | | 11:53 EDT | | FSLR | Stocks with call strike movement; RHT FSLR
Subscribe for More Information | | | 10:14 EDT | | DD | Chemical makers mixed after DuPont trims guidance
Shares of chemical makers are mixed after one of the companies in the sector, DuPont (DD), provided lower than expected second quarter guidance. WHAT'S NEW: DuPont provided second quarter earnings per share guidance that was below analysts' expectations. The company explained that its agriculture and nutrition and health units had been hurt by unseasonably cool, wet weather in North America and Europe. DuPont now expects its fiscal 2013 earning per share to be at the low end of its previous guidance range of $3.85-$4.05, the company said. PRICE ACTION: In mid-morning trading, DuPont lost 0.4% to $54. OTHERS TO WATCH: Dow Chemical (DOW) was flat at $33.75, Huntsman (HUN) rose 1% to $18 and Ashland (ASH) added 0.2% to $85.67. | | | 09:55 EDT |  | DD | DuPont slips lower after reducing guidance, levels to watch
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