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June 30, 2014
09:57 EDTWFC, SYT, FMS, ESYJY, UTL, RYN, DG, BEBE, TLYS, MBIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Dollar General (DG) downgraded to Equal Weight from Overweight at Johnson Rice... Fresenius Medical (FMS) downgraded to Underperform from Hold at Jefferies... MBIA (MBI) downgraded to Neutral from Buy at BTIG... Rayonier (RYN) downgraded at RBC Capital... Syngenta (SYT) downgraded to Underweight from Neutral at JPMorgan... Tilly's (TLYS) downgraded to Neutral from Buy at B. Riley... Unitil (UTL) downgraded to Hold from Buy at Brean Capital... Wells Fargo (WFC) downgraded to Underperform from Neutral at Macquarie... bebe stores (BEBE) downgraded to Neutral from Buy at B. Riley... easyJet (ESYJY) downgraded to Underperform from Neutral at BofA/Merrill.
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October 9, 2015
12:04 EDTSYTUSDA cuts U.S. corn, soy acerage estimates
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09:59 EDTWFCOn The Fly: Analyst Upgrade Summary
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05:49 EDTWFCWells Fargo upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Vivek Juneja upgraded Wells Fargo to Overweight saying share buybacks and an "attractive" dividend yield should drive higher capital return relative to peers in the second half of 2015. Juneja views Wells as a "steadier port in uncertain markets." He lowered his price target for shares to $58.50 from $59.50.
October 8, 2015
10:00 EDTTLYSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Actuant (ATU) upgraded to Neutral from Underweight at JPMorgan... Air Products (APD) upgraded to Buy from Neutral at Goldman... BRF S.A. (BRFS) upgraded to Buy from Neutral at Citi... China Lodging (HTHT) upgraded to Buy from Neutral at Goldman... Columbia Pipeline Group (CPGX) upgraded to Buy from Hold at Jefferies... Edgewell Personal Care (EPC) upgraded to Buy from Neutral at BofA/Merrill... Encore Capital (ECPG) upgraded to Buy from Neutral at Citi... Franco-Nevada (FNV) upgraded to Action List Buy from Buy at TD Securities... Genesco (GCO) upgraded to Strong Buy from Buy at CL King... Helmerich & Payne (HP) upgraded to Outperform at Scotia Howard Weil... Infinera (INFN) upgraded to Buy from Hold at Needham... Lufthansa (DLAKY) upgraded to Sector Perform from Underperform at RBC Capital... Medtronic (MDT) upgraded to Buy from Hold at Evercore ISI... Morgan Stanley (MS) upgraded to Outperform from Market Perform at JMP Securities... Navient (NAVI) upgraded to Buy from Neutral at Goldman... Nike (NKE) upgraded to Buy from Neutral at DA Davidson... Qualys (QLYS) upgraded to Outperform from Neutral at Credit Suisse... Standard Chartered (SCBFF) upgraded to Buy from Neutral at Goldman... Summit Materials (SUM) upgraded to Buy from Neutral at BofA/Merrill... Tahoe Resources (TAHO) upgraded to Outperformer from Sector Performer at CIBC... Tilly's (TLYS) upgraded to Buy from Neutral at B. Riley... Verifone (PAY) upgraded to Strong Buy from Outperform at Raymond James... Yum! Brands (YUM) upgraded to Neutral from Underperform at Credit Suisse.
07:49 EDTTLYSTilly's CEO transition should be seamless, says Brean Capital
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06:50 EDTTLYSTilly's upgraded to Buy from Neutral at B. Riley
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October 7, 2015
16:20 EDTTLYSTilly's CEO Daniel Griesemer steps down, Edmond Thomas appointed CEO
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October 6, 2015
07:20 EDTWFCWells Fargo volatility flat into Q3 and outlook
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October 5, 2015
07:19 EDTWFCOpen Mobile Media to hold a summit
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06:53 EDTWFCAverage ATM fees reach $4.52, WSJ says
The average ATM fee rose to $4.52 this year as regulators have pressured banks to reduce other fees and consumers aren't using ATMs as frequently as in the past, reports the Wall Street Journal, citing a Bankrate Inc. survey. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB), Wells Fargo (WFC), and Cardtronics (CATM). Reference Link
October 2, 2015
16:27 EDTWFCOn The Fly: Top stock stories for Friday
Stocks on Wall Street were lower at the open after the government's monthly jobs report showed fewer people than expected were hired last month and average hourly wages did not increase. However, the major indexes gathered themselves and began drifting higher, crossing back into the green in early afternoon trading. Before this morning, many investors expected that the Federal Reserve would start raising interest rates before the end of the year, but the jobs data for September has certainly raised doubts in that regard. ECONOMIC EVENTS: In the U.S., 142,000 nonfarm jobs were added last month, missing expectations for 201,000 job additions. Average hourly earnings were flat month-over-month, compared to expectations for them to rise 0.2% in September. The unemployment rate held at 5.1%, as expected. Factory orders fell 1.7% in August, versus expectations for them to drop 1.2%. Baker Hughes said that the U.S. rig count fell by 29 total rigs from last week to 809. COMPANY NEWS: Shares of big banks were underperformers after the jobs report cast doubt on how soon the Fed will begin raising interest rates. Shares of Wells Fargo (WFC) slid 0.32%, JPMorgan (JPM) dropped 0.21% and Bank of America declined 1.09%... Two of the nation's big four wireless carriers were in the news after Experian (EXPGY) announced that one of its units experienced an attack by hackers that exposed data from its client T-Mobile (TMUS) and The Wall Street Journal reported that Sprint (S) plans to eliminate as much as $2.5B in costs and make job cuts over the next six months. MAJOR MOVERS: Among the notable gainers was Wynn Resorts (WYNN), which surged 22.73% to $63.47 following reports that the Chinese government may provide economic support to the gaming center Macau, where Wynn and several peers operate casinos. Shares of Las Vegas Sands (LVS) gained 10.52%, MGM Resorts (MGM) rose 6% and Melco Crown (MPEL) advanced 13.88% after the news as well. Among the noteworthy losers was Amicus Therapeutics (FOLD), which dropped 53.53% to $6.39 after the company said it is unlikely to submit a New Drug Application for its Fabry disease treatment to the FDA by the end of the year. Also lower were shares of backup generator maker Generac (GNRC), which fell 5.18% to $27.62 after weather forecasters' latest models predicted that Hurricane Joaquin may stay offshore and not make landfall along the East Coast of the U.S. INDEXES: The Dow rose 200.36, or 1.23%, to 16,472.37, the Nasdaq gained 80.69, or 1.74%, to 4,707.77, and the S&P 500 advanced 27.54, or 1.43%, to 1,951.36.
13:26 EDTWFCBanks, brokers slide as weak jobs report pushes out rate hike
Shares of banks and brokers are sliding after a weak jobs report pushed out the probability of near-term rate hike. WHAT'S NEW: Friday morning, the Labor Department reported that the U.S. economy added only 142,000 jobs in September compared to economists expectations of 203,000. The Labor Department's September jobs report strengthened the argument that the Fed will not raise rates in October, and even lessened the probability of a December rate hike. An increase in interest rates would let banks and brokers benefit from higher spreads on deposits. PRICE ACTION: Shares of Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB), and Wells Fargo (WFC) are all declining despite a rebound in the broad market. OTHERS TO WATCH: Shares of online brokers, including TD Ameritrade (AMTD), Charles Schwab (SCHW), E*TRADE (ETFC), and Interactive Brokers (IBKR) are also lower in afternoon trading.
October 1, 2015
19:23 EDTBEBEOn The Fly: After Hours Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 9%... Micron Technology (MU), up 7%. ALSO HIGHER: bebe stores (BEBE), up 12.7% after reaffirming its first quarter guidance and announcing that its September Same Store Sales turned positive... Coherus Biosciences (CHRS), up 7.5% after CHS-1701 PK/PD study met primary PD endpoints... Nordstrom (JWN), up 3.6% after announcing a special cash dividend and additional $1B repurchase program. DOWN AFTER EARNINGS: Progress Software (PRGS), down 15.7%. ALSO LOWER: Keurig Green Mountain (GMCR), down 3.1% after disclosing the that president of U.S. sales and marketing, John Whoriskey, resigned... T-Mobile (TMUS), down 1.4% after Experian (EXPGY) disclosed a data breach affecting T-Mobile customers... XenoPort (XNPT), down 5.2% after announcing that the company will discontinue the development of XP23829.
16:08 EDTBEBEbebe stores maintains Q1 guidance, says September SSS turned positive
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16:04 EDTBEBEbebe stores authorizes $5M repurchase plan
bebe announced that the company's board of directors has authorized a $5M share repurchase program.
16:03 EDTBEBEbebe stores implements workforce reorganization, sees $1.5M charge
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September 30, 2015
18:21 EDTWFCGeneral Electric confirms sale of railcar services to Wells Fargo
General Electric (GE) confirmed that it has reached separate agreements to sell its tank car fleet assets and railcar repair facilities to Marmon Holdings and its remaining railcar leasing business, General Electric Railcar Services to Wells Fargo (WFC). Terms of the transactions are not being disclosed. "We expect to be substantially done with our exit strategy [to sell most of the assets of GE Capital] by the end of 2016," noted GE Capital chairman and CEO Keith Sherin. "GE and its board of directors have determined that market conditions are favorable to pursue disposition of these assets. GE Capital will retain the financing 'verticals' that relate to GE's industrial businesses," the company noted. The sale of the tank car assets is effective immediately and closed Wednesday. The sale of the railcar repair facilities is expected to close in Q4. The sale of the remaining railcar leasing business is expected to close by the end of 1Q16. When completed, the rail transactions, which represent about $4B of ending net investment, will contribute approximately $1.3B of capital to the overall target of approximately $35B of dividends expected to GE under this plan. The company also noted that the completion of the sale of GE's European fleet businesses to Arval, a fully owned subsidiary of BNP Paribas (BNPQY), is expected to close in Q4.
18:03 EDTWFCWells Fargo First Union Rail to acquire GE Railcar services, terms not disclosed
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18:00 EDTWFCWells Fargo First Union Rail to acquire GE Railcar services
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07:46 EDTWFCFed liftoff may be more turbulent for banks than expected, WSJ says
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