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Stock Market & Financial Investment News

News Breaks
March 10, 2014
12:01 EDTDDD, XONE, GE, SSYS, VJET3D printer stocks drop after Barron's pans sector
Shares of 3D printer makers are sinking after Barron's contended that the stocks in the sector are hyped, don't have much potential, and are overvalued. WHAT'S NEW: In an article published over the weekend, a Barron's columnist wrote that investors are overpaying for publicly traded 3D printer makers 3D Systems (DDD), Stratasys (SSYS), ExOne (XONE), and Voxeljet (VJET). Those companies' products are inferior to privately held competitors when it comes to industrial manufacturing, the area that 3D printing can really reshape, the publication contended. Meanwhile, 3D Systems is trading at a price to earnings multiple of 84 that's "wild," since its earnings per share is expected to drop slightly this year, added Barron's. All of the companies named above have premium valuations, Barron's believes. Furthermore, in addition to competition from privately held companies, the publicly traded 3D printer makers will face competition from General Electric (GE), which has entered the sector, noted Barron's. PRICE ACTION: In late morning trading, 3D Systems dropped 5.7% to $63.45, Stratasys fell 3.4% to $110.61, Voxeljet gave back 4.2% to $32.75 and ExOne sank 4.6% to $42.85.
News For DDD;SSYS;XONE;VJET;GE From The Last 14 Days
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July 16, 2015
15:02 EDTGENotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include General Electric (GE), consensus 28c... Honeywell (HON), consensus $1.49... Synchrony Financial (SYF), consensus 62c... SunTrust Banks (STI), consensus 81c... Progressive (PGR), consensus 55c... W.W. Grainger (GWW), consensus $3.05... Kansas City Southern (KSU), consensus $1.02... JB Hunt Transport (JBHT), consensus 90c... Autoliv (ALV), consensus $1.55... Comerica (CMA), consensus 75c... First Horizon (FHN), consensus 20c.
12:29 EDTGEEarnings Watch: Bernstein positive on GE ahead of Q2 report
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12:02 EDTGEGE says GS Power selects 7HA.02 gas turbine, clutched steam turbine
Korea’s GS Power has selected GE’s (GE) high efficiency 7HA.02 gas turbine, and associated clutched steam turbine, for a new combined-cycle power plant in Anyang, Korea. This marks the 17th order for GE’s HA gas turbine technology, which also celebrates its first commercial shipment to Électricité de France this month, and the first U.S. groundbreaking for two future Exelon (EXC) plants in Texas. With the GS Power project, 17 HA units have been ordered and 61 HA units have been technically selected by customers around the world.
11:27 EDTSSYS, VJET, DDDPiper ups Voxeljet despite caution after 3D printing survey
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10:00 EDTVJETOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Arc Logistics (ARCX) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Buy from Hold at Deutsche Bank... FreightCar America (RAIL) upgraded to Neutral from Sell at UBS... Frontier Communications (FTR) upgraded to Buy from Hold at Jefferies... Google (GOOG) upgraded to Outperform from Market Perform at BMO Capital... Intel (INTC) upgraded to Buy from Hold at Needham... Medtronic (MDT) upgraded to Buy from Neutral at BTIG... Netflix (NFLX) upgraded to Buy from Neutral at Rosenblatt... New Jersey Resources (NJR) upgraded to Buy from Hold at Argus... ONEOK Partners (OKS) upgraded to Outperform from Perform at Oppenheimer... Patterson-UTI (PTEN) upgraded to Overweight from Equal Weight at Morgan Stanley... SJM Holdings (SJMHY) upgraded to Overweight from Underweight at JPMorgan... Statoil (STO) upgraded to Buy from Neutral at Citi... SunOpta (STKL) upgraded to Outperform from Sector Perform at Scotia Howard Weil... Viacom (VIAB) upgraded to Neutral from Sell at Citi... Walgreens Boots Alliance (WBA) upgraded to Outperform from Neutral at Credit Suisse... Werner (WERN) upgraded on 'compelling' valuation at Wells Fargo... Wisconsin Energy (WEC) upgraded to Outperform from Neutral at Baird... voxeljet (VJET) upgraded to Overweight from Neutral at Piper Jaffray.
09:08 EDTGEGE unveils high-speed network infrastructure for industrial internet connection
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09:06 EDTGEGE Power & Water wins outage services work for DTE Fermi 2 nuclear plant
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08:02 EDTGEGE Capital, CDF extends inventory financing agreement with Excel Industries
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06:18 EDTVJET, DDD, SSYSPiper's 3D printing survey 'discouraging again'
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05:36 EDTDDD, VJET, SSYSvoxeljet upgraded to Overweight from Neutral at Piper Jaffray
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July 15, 2015
13:01 EDTGEGeneral Electric secures orders for 10 LMS100 gas turbines
GE announced that it has secured 10 orders of its LMS100 aeroderivative gas turbine with two customers in North America in 2Q 2015. These recent successes have resulted in the backlog for LMS100 technology to be in excess of $450 million for GE Power & Water's Distributed Power business. The 10 units—five LMS100-PA gas turbine units and five LMS100-PA+ gas turbine units—have been ordered by two American customers.
10:16 EDTGEU.S. Bancorp sees growth in payments in 2H
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10:00 EDTGEGeneral Electric signs $80M agreement with Emera Energy
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July 14, 2015
18:52 EDTGEWells Fargo CFO eyes additional GE Capital assets, Reuters says
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11:16 EDTGEAnalyst says sell Orbitz as risks to Expedia deal mount
The shares of online travel agency Orbitz Worldwide (OWW) are falling after UBS downgraded the stock to Sell from Neutral, citing increased risk that regulators will block the company's proposed takeover by Expedia (EXPE). WHAT'S NEW: Based on recent press reports and his own conversations with players in the online travel sector, UBS analyst Eric Sheridan believes that antitrust concerns surrounding the proposed takeover of Orbitz are mounting. Specifically, travel suppliers are voicing more concern about the deal to regulators, Sheridan stated. Additionally, regulators have vetoed a number of proposed takeovers recently, including Time Warner Cable's (TWC) proposed acquisition by Comcast (CMCSA) and Electroloux's (ELUXY) proposed acquisition of GE's (GE) home appliances unit, Sheridan noted. As a result of these developments, the risk/reward ratio of Orbitz's stock is now "skewed negative," according to the analyst, who cut his price target on the stock to $10 from $12. PRICE ACTION: In morning trading, Orbitz fell 2.4% to $11.12. On February 12, Expedia announced it had agreed to acquire Orbitz for $12 per share in cash.
10:24 EDTGEWells Fargo says ongoing U.S. economic expansion 'on track'
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09:03 EDTGEGE, Pitney Bowes announce alliance to develop APM applications
GE (GE) and Pitney Bowes (PBI) announced an alliance to develop customized asset performance management applications for Pitney Bowes and its Enterprise Business Solutions customers. All of the services will be built on and powered by Predix, GE’s software platform for the Industrial Internet. This will enable Pitney Bowes to analyze data generated from its own production mailing and shipping machines and those of its clients to provide client and productivity services, and job scheduling capabilities that improve business outcomes.
08:51 EDTGEGeneral Electric July volatility increases into Q2 and outlook
General Electric July call option implied volatility is at 28, August is at 17, September is at 18, compared to its 52-week range of 13 to 25, suggesting large near term price movement into the expected release of Q2 results on July 17.
July 13, 2015
12:46 EDTGEEarnings Watch: Wells Fargo CFO sees staying in higher end of efficiency range
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08:25 EDTGERepresentative Neugebauer hosts a roundtable
Fixed-Income Liquidity Roundtable examines the heightened concerns regarding liquidity in the fixed-income markets. Participants include SEC Commissioner Gallagher, CFTC Commissioner Bowen, JPMorgan Chase Chief Regulatory Affairs Officer O'Connor, GE Capital Deputy Treasurer Yoh and Managing Director of Trading Riaz of BlackRock in Washington, D.C. on July 13 at 2:30 pm. Webcast Link
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