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Stock Market & Financial Investment News

News Breaks
April 13, 2012
10:24 EDTUA, MAKO, FL, DSCI, NTRI, SNSS, HLSS, FINL, VMW, NKE, HBI, DOVOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Derma Sciences (DSCI) initiated with an Overweight at Piper Jaffray... Dover (DOV) initiated with an Outperform at BMO Capital... Finish Line (FINL) initiated with a Buy at Janney Capital... Foot Locker (FL) initiated with a Buy at Janney Capital... Hanesbrands (HBI) initiated with a Buy at Janney Capital... Home Loan Servicing (HLSS) initiated with a Neutral at Sterne Agee... Mako Surgical (MAKO) initiated with a Perform at Oppenheimer... Nike (NKE) initiated with a Buy at Janney Capital... Sunesis Pharmaceuticals (SNSS) initiated with a Buy at Cantor... Under Armour (UA) initiated with a Neutral at Janney Capital... VMware (VMW) initiated with an Overweight at Piper Jaffray... NutriSystem (NTRI) initiated with a Buy at Sidoti.
News For DSCI;DOV;FINL;FL;HBI;HLSS;MAKO;NKE;SNSS;UA;VMW;NTRI From The Last 14 Days
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April 10, 2015
08:26 EDTHBIHanesbrands price target raised to $38 from $32.50 at Credit Suisse
Credit Suisse raised Outperform rated Hanesbrands price target to $38 to reflect the Knights Apparel acquisition and shifting market multiples.
April 9, 2015
16:06 EDTDOVDover lowers FY15 EPS view to $4.20-$4.40 from $4.70-$4.95, consensus $4.68
Lowers FY15 revenue growth view to decline -4% to -6% versus a prior revenue forecast of +1% to -2%.This revised forecast includes organic revenue of -2% to -4%, a -4% impact from foreign currencies, and growth from completed acquisitions of 2%. The main factors driving this revision are weaker North American oil & gas markets, the exchange rate impact of foreign currencies and slower capital spending within Dover's core retail refrigeration end markets.
10:32 EDTHLSSOptions with decreasing implied volatility
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09:18 EDTNKE, FLBofA/Merrill retail analysts hold an analyst/industry conference call
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06:41 EDTFINL, UA, NKEPiper ups Under Armour target after meeting with Finish Line
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April 8, 2015
08:31 EDTHBIHanesbrands completes acquisition of Knights Apparel
HanesBrands has completed the acquisition of Knights Apparel, a seller of licensed collegiate logo apparel in the mass retail channel. The acquisition from Merit Capital Partners closed as expected on April 6 with the all-cash transaction valuing Knights at approximately $200M on an enterprise basis. Hanes will discuss the expected acquisition-related expenses and sales and profit contributions for 2015 on its first-quarter 2015 investor conference call anticipated to be held in late April. With the addition of Knights, Hanes expects annualized sales of licensed and graphic apparel of more than $450M with significant growth potential for college licensed brands. Hanes funded the acquisition with cash on hand and short-term borrowings on its revolving credit facility.
07:35 EDTUAFBR says Under Armour can post high-20% sales growth for several years
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April 7, 2015
12:58 EDTHLSSOn The Fly: Midday Wrap
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12:25 EDTSNSSSunesis recommended by Agora Financial's FDA Trader
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11:09 EDTHLSSOptions with decreasing implied volatility
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09:23 EDTHLSSOn The Fly: Pre-market Movers
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April 6, 2015
17:41 EDTHLSSOcwen amends servicing pact with Home Loan Servicing Solutions
On April 6, Ocwen (OCN) Loan Servicing entered into Amendment No. 2 to Master Servicing Rights Purchase Agreement and Sale Supplements with HLSS Holdings, Home Loan Servicing Solutions (HLSS) and MSR-EBO Acquisition LLC , which Amendment is effective upon the consummation and closing of the purchase by the Buyer, directly and through HLSS Advances Acquisition Corp., of substantially all of the assets of HLSS. The Amendment revised terms of (i) the Master Servicing Rights Purchase Agreement, dated as of October 1, 2012, as amended by Amendment No. 1 to Master Servicing Rights Purchase Agreement and Sale Supplements, dated as of December 26, 2012 and (ii) certain sale supplements to the MSR Purchase Agreement . In consideration of Ocwenís consent to the assignment by HLSS to the Buyer of all HLSSís right, title and interest in, to and under the Original Agreements, the Amendment will, among other things impose a two year standstill on the rights of the HLSS Parties to replace Ocwen as named servicer.The Amendment also provides that Ocwen will sell to HLSS, on an exclusive and ďas isĒ basis, all economic beneficial rights to the clean-up call rights Ocwen is entitled to pursuant to servicing agreements that underlie Rights to MSRs owned by HLSS, for a payment upon exercise of 0.50% of the unpaid principal balance of all performing mortgage loans associated with the applicable clean up-call. In the event there is a future downgrade of Ocwen's S&P servicer rating below its current rating of "Average," Ocwen has also agreed to compensate Holdings for certain increased costs associated with its servicing advance financing facilities, including increased costs of funding, to the extent such costs are the direct result of such downgrade.
16:57 EDTHLSSHome Loan Servicing received subpoena from the SEC
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16:54 EDTHLSSNew Residential, Home Loan Servicing enter purchase agreement, terminate merger
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16:54 EDTHLSSHome Loan Servicing reports Q4 EPS 74c, may not compare to consensus 58c
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16:44 EDTHLSSHome Loan Servicing files to deregister Form S-3ASR
Home Loan Servicing Solutions is filing this post-effective amendment to the Registration Statement on Form S-3, File No. 333-188246, filed with the SEC on April 30, 2013 to deregister any and all securities of the company that had been registered for issuance under the Registration Statement that remain unsold thereunder. The Registration Statement registered shares of the companyís debt securities, ordinary shares, preference shares, warrants or depositary shares, as well as units that include any of these securities, in one or more classes or series. The Registration Statement is hereby amended to remove from registration all shares that have not yet been issued, and the Registration Statement is terminated.
11:11 EDTHLSSOptions with decreasing implied volatility
Options with decreasing implied volatility: BDSI CONN HLSS CTRX DANG ARCP KMX MAC
10:02 EDTVMWOn The Fly: Analyst Upgrade Summary
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06:35 EDTVMWVMware upgraded to Buy from Neutral at Nomura
Nomura upgraded VMware to Buy with a $95 price target following favorable survey results. The firm's Q1 survey came in slightly ahead of plan and believes the Street is too cautious on shares, which could serve as a positive catalyst for shares. Separately, Nomura said the upcoming end of Windows Server 2003 in July could be an incremental catalyst as replacement servers will likely be virtualized.
05:43 EDTVMWVMware upgraded to Buy from Neutral at Nomura
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