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Stock Market & Financial Investment News

News Breaks
August 15, 2013
18:52 EDTPXLW, JWN, JOSB, AZPN, POWR, AMAT, DELLOn The Fly: After Hours Movers
UP AFTER EARNINGS: Aspen Technology (AZPN), up 13%. DOWN AFTER EARNINGS: Dell (DELL), down 0.1% after its earnings beat on the top and bottom line but it posted net income of $204M, a 72% decline against the prior year period... Nordstrom (JWN), down 2.5%... Applied Materials (AMAT), down 2.1% after its earnings and outlook missed expectations and the company named Gary Dickerson CEO. ALSO LOWER: JoS. A. Bank (JOSB), down 6.8% after saying its second quarter earnings and revenue are on track to come in below expectations... Pixelworks (PXLW), down 11.7% after filing a prospectus to sell common stock... PowerSecure (POWR), down 5.2% after filing to sell $44M in common stock, including 200,000 shares for its CEO.
News For DELL;AZPN;JWN;AMAT;JOSB;PXLW;POWR From The Last 14 Days
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February 11, 2016
08:53 EDTAMATApplied Materials should be bought ahead of results, says Pacific Crest
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February 9, 2016
06:19 EDTPOWRPowerSecure signs MSA with government of The Bahamas
PowerSecure announced that the company has signed a Management Services Agreement, or MSA, with the government of The Bahamas under which PowerSecure will provide its management services to Bahamas Power and Light, or BPL, for the next five years. The MSA includes a business plan which outlines cost-reduction and reliability targets along with renewable energy and customer service initiatives for New Providence and the Family Islands. Recently passed energy reform legislation by The Bahamas provided for the incorporation of BPL, as a wholly-owned subsidiary of Bahamas Electricity Corporation, or BEC, to provide safe and secure electrical services for The Bahamas in a modernized and cost-effective manner. The new legislation also calls for the issuance of a rate reduction bond, which BPL intends to be utilized to refinance BEC's existing legacy debt and to fund infrastructure and efficiency investments for BPL which would result in a net reduction to customer electricity bills. Under the terms of the MSA, in addition to PowerSecure receiving a baseline annual management fee of $2M, BPL must achieve pre-defined key performance indicators, or KPIs, related to cost reductions, reliability improvements and customer service enhancements in order for PowerSecure to receive potential additional performance-based compensation of up to 150% of the management fee per year.
February 5, 2016
10:02 EDTPXLWOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Ashford Hospitality Prime (AHP) downgraded to Neutral from Buy at SunTrust... Cascade Microtech (CSCD) downgraded to Hold from Buy at Craig-Hallum... Cinemark (CNK) downgraded to Neutral from Outperform at Credit Suisse... ConocoPhillips (COP) downgraded to Sector Perform from Outperform at Scotia Howard Weil... Credit Suisse (CS) downgraded to Equal Weight from Overweight at Morgan Stanley... Cree (CREE) downgraded to Neutral from Overweight at JPMorgan... Deckers Outdoor (DECK) downgraded to Neutral from Buy at BofA/Merrill... Esterline (ESL) downgraded to Hold from Buy at Canaccord... GrubHub (GRUB) downgraded to Perform from Outperform at Oppenheimer... Kohl's (KSS) downgraded to Underweight from Neutral at Atlantic Equities... LINN Energy (LINE) downgraded to Sell from Hold at Stifel... LinkedIn (LNKD) downgraded to Sector Perform from Outperform at RBC Capital... LinnCo (LNCO) downgraded to Sell from Hold at Stifel... Magellan Midstream (MMP) downgraded to Neutral from Outperform at Credit Suisse... Marathon Petroleum (MPC) downgraded to Neutral from Overweight at JPMorgan... Multi-Fineline (MFLX) downgraded to Hold from Buy at Needham... NIC Inc. (EGOV) downgraded to Market Perform from Outperform at Avondale... Outerwall (OUTR) downgraded to Neutral from Overweight at Piper Jaffray... PPL Corp. (PPL) downgraded to Hold from Buy at Deutsche Bank... PennyMac Mortgage (PMT) downgraded to Equal Weight from Overweight at Barclays... Pixelworks (PXLW) downgraded to Hold from Buy at Lake Street... Qorvo (QRVO) downgraded to Sell from Neutral at Citi... Ralph Lauren (RL) downgraded to Underperform from Neutral at BofA/Merrill... TrueBlue (TBI) downgraded on macro concerns at BMO Capital... WEC Energy (WEC) downgraded to Hold from Buy at Deutsche Bank.
08:46 EDTPXLWPixelworks downgraded to Hold from Buy at Lake Street
Lake Street analyst Jaeson Schmidt downgraded Pixelworks to Hold saying the mobile revenue ramp is unlikely to offset weakness in the other businesses. The analyst sees a lack of catalysts in the near-term and cut his price target for the stock to $2.50 from $5.
February 4, 2016
17:24 EDTPXLWPixelworks sees Q1 EPS (13c)-(20c), consensus (11c)
Sees Q1 revenue $10M-$11M, consensus $12.68M. Guidance form Q4 earnings call.
16:26 EDTPXLWPixelworks reports Q4 EPS (8c), consensus (9c)
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February 2, 2016
18:28 EDTAMATApplied Materials assumed with a Conviction Buy at Goldman
Goldman Sachs analyst Toshiya Hari assumed Applied Materials with a Conviction Buy rating and $22 price target. The analyst calls Applied Materials his top pick in the semi capital equipment space.
09:34 EDTJWNNordstrom initiated with a Peer Perform at Wolfe Research
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February 1, 2016
19:09 EDTPXLWOn The Fly: After Hours Movers
UP AFTER EARNINGS: Alphabet (GOOG, GOOGL), up 5.2% and 4.7%, respectively... Mattel (MAT), up 5.6%... Anadarko Petroleum (APC), up 4%... AFLAC (AFL), up 1.5%. ALSO HIGHER: PVH Corp. (PVH), up 8.1% after giving guidance for fiscal 2015 and entering a license agreement with G-III Apparel (GIII) for Tommy Hilfiger womenswear collections. DOWN AFTER EARNINGS: Integrated Device (IDTI), down 15.8%... Rent-A-Center (RCII), down 9.6%. ALSO LOWER: Pixelworks (PXLW), down 5.7% after giving fourth quarter guidance and announcing the resignation of its CEO... PDL BioPharma (PDLI), down 14.3% after cutting its quarterly dividend to 5c per share from 15c per share.
17:09 EDTPXLWPixelworks sees 'greater than normal' Q1 seasonal weakness
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17:08 EDTPXLWPixelworks sees Q4 EPS (11c), consensus (9c)
Sees Q4 revenue $13.5M, consensus $13.99M.
17:07 EDTPXLWPixelworks says CEO Bruce Walicek resigns, Domenik to serve as interim CEO
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