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Stock Market & Financial Investment News

News Breaks
August 30, 2012
16:24 EDTZLC, CG, FSLR, VR, DD, CIEN, FSROn 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.
News For DD;CG;FSR;VR;ZLC;CIEN;FSLR From The Last 14 Days
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March 23, 2015
10:56 EDTCIENRumor: Ciena moves up on renewed takeover chatter
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10:09 EDTCGCarlyle doesn't see strong dollar discouraging long-term investors, Reuters says
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06:57 EDTCGSilver Lake weighs GBP2B bid for Tesco's Dunnhumby, Sunday Times reports
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06:22 EDTDDDuPont 'strongly recommends' holders to vote the WHITE proxy card
DuPont announced that it has filed definitive proxy materials with the SEC in connection with DuPont's Annual Meeting of Shareholders, which is scheduled to be held on May 13. DuPont shareholders of record as of the close of business on March 17 will be entitled to vote at the Annual Meeting. The DuPont board strongly recommends that shareholders vote on the WHITE proxy card "FOR" all 12 of DuPont's directors. In conjunction with the definitive proxy filing, DuPont is mailing a letter to shareholders detailing the significant progress and accomplishments achieved under the leadership of the DuPont board and management team. The letter also addresses Trian Fund Management's high risk agenda for DuPont to break itself up and add excessive debt to the company, which the DuPont board has carefully reviewed and determined would destroy value.
March 22, 2015
16:22 EDTDDChina looks to develop seed program to fend off foreign competition, WSJ says
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March 20, 2015
09:24 EDTDDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Ctrip.com (CTRP), up 20.1%... Rally Software (RALY), up 17.3%... Nike (NKE), up 5.2%... Darden Restaurants (DRI), up 4.3%... Cheetah Mobile (CMCM), up 3.6%. ALSO HIGHER: Prothena (PRTA), up 40.2% after reporting positive results from Phase 1 study of PRX002... Viggle (VGGL), up 26.9% after confirming receipt of offer from chairman and CEO Robert Sillerman... Intercept Pharmaceuticals (ICPT), up 8.5% after announcing new data analyses from FLINT trial... Biogen Idec (BIIB), up 9.7% after presenting positive interim results from study of aducanumab... Pier 1 Imports (PIR), up 5.2% after being upgraded to Outperform from Perform at Oppenheimer... JinkoSolar (JKS), up 2.8% after announcing that it will supply 75 MWdc of its PV solar modules to Red Horse 2 project and following a strategic collaboration agreement with DuPont (DD). DuPont is up just under 1%. DOWN AFTER EARNINGS: AK Steel (AKS), down 6.8%... Youku Tudou (YOKU), down 4.9%... Tiffany (TIF), down 3.3%. ALSO LOWER: Macerich (MAC), down 7.7% after Simon makes $95.50 per share "best and final" offer.
07:06 EDTDDJinkoSolar and DuPont sign strategic collaboration agreement
JinkoSolar (JKS) announced that it has signed a strategic collaboration agreement with DuPont (DD), which reflects the companies' interests in furthering the growth and adoption of efficient and reliable solar generated electricity. Areas of potential collaboration include technical development efforts to support continued improvements in the efficiency, durability and reliability of solar cells and panels, including through development and supply of advanced materials including DuPont Solamet PV19x series photovoltaic metallization pastes and DuPont Tedlar polyvinyl fluoride films, as well as co-marketing collaborations aimed at promoting the broader and faster adoption of solar energy to help address the world's growing energy needs.
06:55 EDTFSLRU.S. delegates to work with China on environmental issues, China Daily says
The U.S. government is sending several high-level representatives to China in an effort to advance cooperation on energy, the environment and climate change, China Daily reported yesterday. The two countries signed a major climate change deal in November, the newspaper noted. Publicly traded companies in the solar energy space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
March 19, 2015
07:40 EDTVRValidus management to meet with Deutsche Bank
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March 18, 2015
13:19 EDTDDDuPont management to meet with Piper Jaffray
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March 17, 2015
13:39 EDTDDDuPont breaks below its 50-day moving average, levels to watch
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05:50 EDTDDStocks with implied volatility movement; DD NFLX
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March 16, 2015
14:24 EDTDDDuPont near session low, levels to watch
The shares were downgraded earlier at BofA/Merrill to Underperform, but the firm maintained its $76 price target. At the current price of $77.35 the stock is at the low of its price channel, but has not breached. Support below current price is at $75.52, the 50-day moving average. Resistance is at $78.08.
11:58 EDTDDDuPont retreats after Bank of America two notch downgrade to sell
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10:02 EDTDDOn The Fly: Analyst Downgrade Summary
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09:31 EDTDDPeltz says open to discussing 'realistic settlement' with DuPont
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09:22 EDTDDOn The Fly: Pre-market Movers
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07:38 EDTDDDuPont downgraded at BofA/Merrill
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06:44 EDTDDDuPont downgraded to Underperform from Buy at BofA/Merrill
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March 13, 2015
15:47 EDTDDDuPont says Trian proposal not 'meaningful step' toward resolution
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