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Stock Market & Financial Investment News

News Breaks
January 16, 2014
08:33 EDTHSY, DDD3D Systems, Hershey enter joint development agreement on 3D printed edibles
3D Systems (DDD) announced that it entered into a multi-year joint development agreement with Hershey (HSY) to explore and develop innovative opportunities for using 3D printing technology in creating edible foods, including confectionery treats. The alliance combines Hershey's world-class food science and manufacturing expertise with 3DS' powerful 3D printing technology and knowhow to deliver new consumer experiences.
News For DDD;HSY From The Last 14 Days
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January 23, 2015
10:02 EDTHSYOn the Fly: Analyst Downgrade Summary
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07:09 EDTHSYDeutsche Bank cuts Hershey on valuation, fundamental concerns
Deutsche Bank downgraded Hershey to Hold from Buy citing valuation, saying the stock is trading at a 25% premium to peers. Deutsche also has some fundamental concerns, as it believes the U.S. category could get more promotional with privately-held Mars trying to regain market share. It also thinks high end chocolate is increasing share in the U.S., and notes Hershey continues to be underrepresented in that segment. Deutsche raised its price target for Hershey shares to $111 from $109 to go along with the downgrade.
06:49 EDTHSYHershey downgraded to Hold from Buy at Deutsche Bank
January 22, 2015
10:03 EDTHSYOn the Fly: Analyst Initiation Summary
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08:49 EDTHSYHershey initiated with a Mixed view at OTR Global
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08:20 EDTDDD3D Systems February volatility at low end of historic range
3D Systems February call option implied volatility is at 40, March is at 46; compared to its 26-week average of 47 according to Track Data. Low February option implied volatility suggests decreasing price movement into the expected release of Q4 results in late February.
January 21, 2015
10:01 EDTHSYOn The Fly: Analyst Downgrade Summary
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07:09 EDTDDDPiper positive on Stratasys, cautious on 3D Systems after survey
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06:02 EDTHSYHershey downgraded to Neutral from Overweight at JPMorgan
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January 20, 2015
10:15 EDTDDD3D Systems call activity attributed to takeover speculation
3D Systems January weekly 29 and 30 calls are active on total call volume of 8,600 contracts (900 puts) on renewed takeover speculation. January weekly call option implied volatility is at 78, February is at 53, March is at 56; compared to its 26-week average of 47 according to Track Data. Active call volume suggests traders taking positions for price movement.
10:07 EDTDDDRumor: 3D Systems strength attributed to takeover speculation
Shares of 3D Systems are moving higher on speculation the company has hired an investment bank to review a potential sale of the company.
January 16, 2015
10:01 EDTHSYOn The Fly: Analyst Upgrade Summary
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07:23 EDTHSYHershey upgraded on input cost declines at Wells Fargo
Wells Fargo upgraded Hershey to Outperform from Market Perform saying "sudden and steep" input cost declines, coupled with a U.S. price increase, will drive better than expected gross margins. Wells points out that since Hershey's U.S. price increase of 8% in July, milk powder prices have declined by 40%, international sugar prices are down 13%, and cocoa inflation has flattened. It raised its price target range for Hershey shares to $122-$124 from $93-$95. The chocolate maker closed yesterday up $1.44 to $108.46.
05:46 EDTHSYHershey upgraded to Outperform from Market Perform at Wells Fargo
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January 15, 2015
10:37 EDTHSYKraft rises after Goldman gets less cautious on food space, ups stock to buy
Shares of Kraft Foods (KRFT) are climbing after Goldman Sachs upgraded the stock to Buy and placed the shares on its Conviction List. WHAT'S NEW: Costs for food makers are declining as commodity prices drop, Goldman Sachs analyst Judy Hong wrote in a note to investors today. Kraft is among the U.S. food companies that benefits the most from lower costs, the analyst stated. Additionally, Kraft's pricing power is one of the strongest in the group and it is heavily exposed to the U.S. economy, the analyst stated. WHAT'S NOTABLE: Hong's upgrade of Kraft was part of a note in which she took a more balanced view of the U.S. consumer staples sector. The analyst upgraded the Food sector to Neutral from Cautious, noting that consumer staples stocks with outsized exposure to the U.S. market should be boosted by strong U.S. growth and more favorable foreign exchange dynamics than their peers. In addition to Kraft, the analyst identified the following stocks as her top picks within the consumer staples sector: Monster Beverage (MNST), Constellation Brands (STZ), Coca-Cola Enterprises (CCE), Keurig Green Mountain (GMCR), Freshpet (FRPT), Mead Johnson (MJN), and Estee Lauder (EL). Goldman also upgraded Hershey (HSY), Dr. Pepper Snapple (DPS), and Clorox (CLX), all to Neutral from Sell, downgraded cigarette maker Philip Morris (PM) to Sell from Neutral and downgraded brewer Molson Coors (TAP) to Neutral from Buy. PRICE ACTION: In early trading, Kraft climbed 3.7% to $65 per share.
10:00 EDTHSYOn The Fly: Analyst Upgrade Summary
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06:30 EDTHSYHershey upgraded to Neutral from Sell at Goldman
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January 14, 2015
08:37 EDTDDD3D Systems says David Styka joins company as Chief Accounting Officer
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January 12, 2015
10:34 EDTHSYFood makers slip as Citi highlights headwinds with downgrades in space
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